{"content":{"layouts":[{"type":"singleColumn","areas":[{"items":[{"gridType":"RichTextBlock","content":"\u003Ch3\u003E1. Constitution\u003C/h3\u003E\n\u003Cp\u003EThe Scout Association is incorporated by Royal Charter and is a registered charity whose purpose is to promote the development of young people in achieving their full physical, intellectual, social and spiritual potentials, as individuals, as responsible citizens and as members of their local, national and international communities.\u003C/p\u003E\n\u003Ch3\u003E2. Scope of the financial statements\u003C/h3\u003E\n\u003Cp\u003EThese financial statements cover the activities directly controlled by The Scout Association. The activities of the Scout Councils of Northern Ireland, Scotland and Wales together with Scout Counties, Areas, Regions, Districts and Groups are not reflected in these financial statements. Those bodies are separate organisations that are affiliated to The Scout Association.\u003C/p\u003E\n\u003Ch3\u003E3. Accounting policies\u003C/h3\u003E\n\u003Cp\u003EThe principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:\u003C/p\u003E\n\u003Ch4\u003Ea. Basis of preparation of consolidated financial statements\u003C/h4\u003E\n\u003Cp\u003EThe financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Statement of Recommended Practice, Accounting and Reporting by Charities, applicable to charities preparing their accounts in accordance with FRS 102, known as the Charities SORP (FRS 102).\u003C/p\u003E\n\u003Cp\u003EThe Scout Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.\u003C/p\u003E\n\u003Cp\u003EThe financial statements consolidate the financial statements of The Scout Association and its subsidiary companies.\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003EScout Shops Limited (trading as Scout Store)\u003C/li\u003E\n\u003Cli\u003EScout Insurance Services Limited (trading as Unity)\u003C/li\u003E\n\u003Cli\u003EScout Services Limited\u003C/li\u003E\n\u003Cli\u003EScout Products Limited\u003C/li\u003E\n\u003Cli\u003EWorld Scout Shop Limited\u003C/li\u003E\n\u003C/ul\u003E\n\u003Cp\u003EThe financial year end of each of the subsidiary companies is 31 March. More information on these companies is in note 12.\u003C/p\u003E\n\u003Cp\u003EThe Balance Sheets and Profit and Loss accounts of the subsidiaries have been consolidated on a line by line basis as required by the Statement of Recommended Practice.\u003C/p\u003E\n\u003Cp\u003EOn acquisition of a business, all of the assets and liabilities that exist at the date of acquisition are recorded at their fair values reflecting their condition at that time. All changes to those assets and liabilities and the resulting surpluses that that arise after acquisition are charged to the post-acquisition Statement of Financial Activities.\u003C/p\u003E\n\u003Cp\u003EThe financial statements are prepared on the historical cost basis with the exception of investments, which are stated at fair value.\u003C/p\u003E\n\u003Ch4\u003Eb. Going concern\u003C/h4\u003E\n\u003Cp\u003EHaving reviewed financial plans and cash flow forecasts, the Trustees have a reasonable expectation that the charity has adequate resources to continue operating for the foreseeable future. Accordingly, they believe that the going concern basis remains the appropriate basis on which to prepare the financial statements.\u003C/p\u003E\n\u003Ch4\u003Ec. Recognition of income\u003C/h4\u003E\n\u003Cp\u003E\u003Cstrong\u003EMembership subscriptions\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EMembership subscriptions are payable in advance for a year to 31 March and are recognised in the year of membership benefit.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ELegacies\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003ELegacies are accounted for when the Association becomes entitled to them, where receipt is probable and where their value can be established with reasonable certainty. Where legacies include non-cash items these are included in income at the lower of probate value and market value at the date of receipt.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EGrant income\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThe fair value of the government grants are accrued as per the terms of the funder agreement.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ECharitable, retail and other trading income\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EIncome from charitable activities, retail sales and other trading activities including sponsorship is accounted for when the Association is entitled to the income, the amount can be quantified with reasonable accuracy and the probability of receipt of the income is more likely than not.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EInsurance commission income\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EInsurance commission is recognised at the date of inception of the policy. The amount recognised is the total commission due to the company less an overall provision for unearned commission.\u003C/p\u003E\n\u003Cp\u003EProfit related commission is recognised when it can be reliably measured and is likely to be received.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EInvestment income\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EDividends are accounted for on a receipts basis. Interest is accounted for on an accruals basis and includes all amounts earned up to the balance sheet date.\u003C/p\u003E\n\u003Ch4\u003Ed. Allocation of income and costs\u003C/h4\u003E\n\u003Cp\u003E\u003Cstrong\u003ECharitable activities\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThis comprises income from the provision of services\u003Cbr\u003Esupporting the objects of the Association through operations\u003Cbr\u003Eincluding National Activity Centres, and the Information\u003Cbr\u003ECentre.\u003C/p\u003E\n\u003Cp\u003ECharitable activities have been analysed under the following\u00A0headings:\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003EYouth programme\u003C/li\u003E\n\u003Cli\u003EDevelopment of Scouting\u003C/li\u003E\n\u003Cli\u003EAdult support and training\u003C/li\u003E\n\u003Cli\u003ESupport and services to members\u003C/li\u003E\n\u003C/ul\u003E\n\u003Cp\u003EWhere possible the income and costs relating to a department\u00A0or cost centre are allocated in full to one of the above\u00A0categories, but in practice many departments have an\u00A0involvement in more than one activity. Major self-funding\u00A0events, including the Jamboree, are not allocated with total\u00A0income and costs for the event shown separately. The other\u00A0major allocations are set out below.\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/4arbitkg/allocation-of-income-and-costs-charitable-activities.jpg","width":513,"height":747,"altText":"A document showing the allocation of income and costs for charitable activities for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003ESupport costs\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThese are costs incurred directly in support of the objects of\u0026nbsp;the Charity. The costs are attributed to the activities that they\u0026nbsp;support. Where a department supports all the Charity\u2019s\u0026nbsp;activities the costs have been apportioned pro-rata to the staff\u0026nbsp;resources directly engaged in that activity. The percentages\u0026nbsp;that apply are:\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003ETrading \u2013 6%\u003C/li\u003E\n\u003Cli\u003EYouth programme \u2013 20%\u003C/li\u003E\n\u003Cli\u003EDevelopment of Scouting \u2013 29%\u003C/li\u003E\n\u003Cli\u003EAdult support and training \u2013 26%\u003C/li\u003E\n\u003Cli\u003ESupport and services to members \u2013 19%\u003C/li\u003E\n\u003C/ul\u003E\n\u003Cp\u003E\u003Cstrong\u003EGovernance costs\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThese are the costs associated with the governance\u0026nbsp;arrangements of the Charity which relate to compliance with\u0026nbsp;legal and statutory requirements of the Charity as opposed to\u0026nbsp;those costs associated with fundraising. They include audit\u0026nbsp;fees and the costs of Trustees\u2019 meetings.\u003C/p\u003E\n\u003Ch4\u003Ee. Expenditure\u003C/h4\u003E\n\u003Cp\u003EAll expenditure is accounted for on an accruals basis and is\u0026nbsp;allocated as per note 3d Charitable activities.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EGrants payable\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EGrants payable are included in the Statement of Financial\u0026nbsp;Activities as expenditure in the period in which the award is\u0026nbsp;made. Grants which have been approved by the Trustees and\u0026nbsp;agreed with other organisations but which are unpaid at the\u0026nbsp;year end are accrued. Grants where the beneficiary has not\u0026nbsp;been informed or has to meet certain conditions before the\u0026nbsp;grant is released are not accrued.\u003C/p\u003E\n\u003Ch4\u003Ef. Intangible fixed assets\u003C/h4\u003E\n\u003Cp\u003EIT software is capitalised and written off over the term of the\u0026nbsp;related contract, between 2 and 5 years.\u003C/p\u003E\n\u003Cp\u003ESystems Development is capitalised and once the projects\u0026nbsp;have completed they are written off over 5 years.\u003C/p\u003E\n\u003Cp\u003EImpairment tests on the carrying value are undertaken at the\u0026nbsp;end of the first full year after acquisition and in any other\u0026nbsp;subsequent period if events or changes in circumstances\u0026nbsp;indicate that the carrying value may not be recoverable. The\u0026nbsp;cost of acquiring a brand licence is written off over the term of\u0026nbsp;the related contract.\u003C/p\u003E\n\u003Ch4\u003Eg. Heritage fixed assets\u003C/h4\u003E\n\u003Cp\u003EThe Association maintains a heritage collection of around\u0026nbsp;250,000 items. Through an active and innovative programme\u0026nbsp;of collecting, interpreting and engagement, the Heritage\u0026nbsp;Collection helps create connections between members of The\u0026nbsp;Scout Association, both past and present, and the wider\u0026nbsp;community. The Heritage Collection is managed by the\u0026nbsp;Headquarters\u2019 Heritage Service. To ensure its ongoing\u003Cbr\u003Erepresentation of Scouting\u2019s story the Heritage Service\u0026nbsp;continues to collect both historical and contemporary material.\u0026nbsp;New acquisitions are normally made by donation with\u0026nbsp;occasional low cost purchases. New material is acquired in\u0026nbsp;accordance with The Scout Association\u2019s Collecting Policy.\u003C/p\u003E\n\u003Cp\u003ESome 300 key items in the Association\u2019s collection, particularly\u0026nbsp;those relating to the Founder, are valued periodically since the\u0026nbsp;nature of these items permits that to be sufficiently reliable.\u0026nbsp;The last valuation was at 19 February 2025 (see note 10).\u0026nbsp;Gains and losses on revaluation are recognised through \u2018Other\u0026nbsp;recognised gains\u2019 in the Statement of Financial Activities. It is\u0026nbsp;the intention of The Scout Association to preserve these items indefinitely, therefore amortisation is not regarded as\u0026nbsp;appropriate.\u003C/p\u003E\n\u003Cp\u003EThe Trustees consider that obtaining valuations for the\u0026nbsp;remainder of the Collection would involve disproportionate\u0026nbsp;cost due to the diverse nature of the material held and the lack\u0026nbsp;of comparable market values. Such items are therefore not\u0026nbsp;recognised on the Balance Sheet.\u0026nbsp;Expenditure that is in the Trustees\u2019 view required to conserve\u0026nbsp;or prevent further deterioration of individual items is\u0026nbsp;recognised as expenditure when it is incurred.\u003C/p\u003E\n\u003Ch4\u003Eh. Tangible fixed assets\u003C/h4\u003E\n\u003Cp\u003ETangible assets are stated at cost. Where land and buildings\u0026nbsp;are acquired together it is assumed that the buildings\u0026nbsp;represent 50% of the initial cost. Depreciation is calculated to\u0026nbsp;write off the cost of assets by equal annual amounts over their\u0026nbsp;expected useful lives. Assets costing less than \u00A35,000 are not\u0026nbsp;capitalised. No depreciation is provided on freehold land.\u003C/p\u003E\n\u003Cp\u003EDepreciation rates used are:\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003EFreehold property \u2013 50 years, with 10 years for\u003Cbr\u003Ereplacement elements\u003C/li\u003E\n\u003Cli\u003ELeasehold property \u2013 the shorter of the lease period or 50\u003Cbr\u003Eyears\u003C/li\u003E\n\u003Cli\u003EFurniture fittings and equipment \u2013 4 to 5 years\u003C/li\u003E\n\u003C/ul\u003E\n\u003Cp\u003EGains or losses on the disposal of fixed assets are reflected in\u0026nbsp;net income/expenditure for the year shown in the Statement\u0026nbsp;of Financial Activities.\u003C/p\u003E\n\u003Cp\u003EImpairment reviews on fixed assets are carried out each year\u0026nbsp;and any asset with a carrying value materially higher than its\u0026nbsp;recoverable or useful value is written down accordingly.\u003C/p\u003E\n\u003Ch4\u003Ei. Fixed asset investments\u003C/h4\u003E\n\u003Cp\u003EThe Scout Association holds investments both in order to\u0026nbsp;generate income for the support of charitable objectives and\u0026nbsp;to provide assets to meet the need of reserves, identified in\u0026nbsp;the reserves policy. Investments are stated at current market\u0026nbsp;value on the balance sheet date unless there\u2019s evidence of a\u0026nbsp;different fair value.\u003C/p\u003E\n\u003Cp\u003EGains or losses arising during the year are disclosed in the\u0026nbsp;Statement of Financial Activities and in note 13.\u003C/p\u003E\n\u003Ch4\u003Ej. Cash and cash equivalents\u003C/h4\u003E\n\u003Cp\u003ECash and cash equivalents are held to meet short-term cash\u0026nbsp;commitments as they fall due. Cash equivalents are fixed\u0026nbsp;deposit accounts that are readily convertible to cash in that\u0026nbsp;they have a short maturity of three months or less as at the\u0026nbsp;balance sheet date.\u003C/p\u003E\n\u003Ch4\u003Ek. Stocks\u003C/h4\u003E\n\u003Cp\u003EStocks are valued at the lower of cost and estimated net\u0026nbsp;realisable value. Cost is calculated using the current purchase price method and consists of the original cost of goods\u0026nbsp;without any addition for overheads.\u003C/p\u003E\n\u003Ch4\u003El. Provisions\u003C/h4\u003E\n\u003Cp\u003EA provision is recognised in the balance sheet when the\u0026nbsp;Association has an obligation as a result of a past event and it\u0026nbsp;is probable that an outflow of economic benefits that can be\u0026nbsp;reliably measured will be required to settle that obligation.\u003C/p\u003E\n\u003Ch4\u003Em. VAT\u003C/h4\u003E\n\u003Cp\u003EThe Association is partially exempt for VAT purposes and is\u0026nbsp;not able to reclaim all the VAT it pays. All Irrecoverable VAT is\u0026nbsp;expensed as it is currently not allocated to the related\u0026nbsp;expenses or assets.\u003C/p\u003E\n\u003Ch4\u003En. Leases\u003C/h4\u003E\n\u003Cp\u003EAll leases are operating leases and the rentals expensed as\u0026nbsp;they are paid.\u003C/p\u003E\n\u003Ch4\u003Eo. Pension costs\u003C/h4\u003E\n\u003Cp\u003EContributions payable to The Scout Association Defined\u0026nbsp;Benefit Pension Scheme are charged to the Statement of\u0026nbsp;Financial Activities so as to spread the cost of pensions over\u0026nbsp;the working lives of employees in the scheme. The pension\u0026nbsp;charge is calculated on the basis of actuarial advice.\u003C/p\u003E\n\u003Cp\u003EThe pension scheme liabilities are measured using a projected\u0026nbsp;unit method and discounted at an AA sterling corporate bond\u0026nbsp;rate. Any excess of liabilities over the value of the pension\u0026nbsp;scheme assets which are measured at fair value is recognised\u0026nbsp;in full. Any surplus of pension scheme assets over liabilities is\u0026nbsp;recognised as an asset to the extent that the Association is\u0026nbsp;able to recover the surplus either through reduced\u0026nbsp;contributions in the future or refunds from the plan.\u003C/p\u003E\n\u003Cp\u003EAdministration costs, the current service cost and net return\u0026nbsp;on the scheme\u2019s assets and liabilities for the year is allocated\u0026nbsp;across the resources expended categories in the Statement of\u0026nbsp;Financial Activities. The actuarial gain or loss on the scheme for the year is included in the Other recognised gains/(losses)\u0026nbsp;section of the Statement of Financial Activities.\u003C/p\u003E\n\u003Cp\u003EContributions towards Defined Contribution schemes are charged to the Statement of Financial Activities as they are\u0026nbsp;incurred.\u003C/p\u003E\n\u003Ch4\u003Ep. Financial assets\u003C/h4\u003E\n\u003Cp\u003EFinancial assets, other than investments and derivatives, are\u0026nbsp;initially measured at transaction price (including transaction\u0026nbsp;costs) and subsequently held at cost, less any impairment.\u003C/p\u003E\n\u003Ch4\u003Eq. Financial liabilities\u003C/h4\u003E\n\u003Cp\u003EFinancial liabilities are classified according to the substance of\u0026nbsp;the financial instrument\u2019s contractual obligations, rather than\u0026nbsp;the financial instrument\u2019s legal form. Financial liabilities,\u0026nbsp;excluding derivatives, are initially measured at transaction\u0026nbsp;price (including transaction costs) and subsequently held at\u0026nbsp;amortised cost.\u003C/p\u003E\n\u003Ch4\u003Er. Judgements in applying accounting policies and key\u0026nbsp;sources of estimation uncertainty\u003C/h4\u003E\n\u003Cp\u003EIn preparing these financial statements, the Trustees have\u0026nbsp;made the following judgements:\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003EThe determination of whether or not there are indications\u0026nbsp;of impairment of the Scout Association\u2019s tangible and\u0026nbsp;intangible assets, taking into consideration the economic\u0026nbsp;viability and expected future financial performance of the\u0026nbsp;asset.\u003C/li\u003E\n\u003Cli\u003EThe determination of appropriate provision for claims,\u0026nbsp;supported by legal advice.\u003C/li\u003E\n\u003Cli\u003EThe determination of appropriate financial and\u0026nbsp;demographic assumptions in valuing the defined benefit\u0026nbsp;pension obligations in line with FRS 102 requirements,\u0026nbsp;supported by actuarial advice.\u003C/li\u003E\n\u003Cli\u003EThe determination of whether the organisation can recover\u0026nbsp;any pension scheme asset in line with FRS102\u0026nbsp;requirements.\u003C/li\u003E\n\u003C/ul\u003E\n\u003Ch3\u003E4. Nature of funds\u003C/h3\u003E\n\u003Cp\u003EAll funds are identified as falling into one of three categories.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EEndowment funds\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EEndowment funds are those received to be held as capital on\u0026nbsp;a total returns basis with only the income available to be\u0026nbsp;spent. Subsequent gains or losses on the disposal of the\u0026nbsp;underlying assets of the fund become part of the capital.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ERestricted funds\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003ERestricted funds are those received which have been\u0026nbsp;earmarked for a special purpose by the donor or the terms of\u0026nbsp;an appeal.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EUnrestricted funds\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EUnrestricted funds are those received, which are not subject to\u0026nbsp;any special restriction. They are divided between general\u0026nbsp;funds and designated funds. Designated funds comprise\u0026nbsp;amounts set aside by the Trustees to be used for particular\u0026nbsp;purposes.\u003C/p\u003E\n\u003Ch3\u003E5. Income and endowments\u003C/h3\u003E\n\u003Ch4\u003Ea. Other voluntary income\u003C/h4\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/xebhlbhl/other-voluntary-income.jpg","width":1002,"height":263,"altText":"A document showing other voluntary income for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EIncluded in grants above is the DCMS Uniformed Youth Fund grant of \u00A32.8m (2024: \u00A32.7m) and Generation Green grants of\u0026nbsp;\u00A30.7m (2024: \u00A3nil).\u003C/p\u003E\n\u003Cp\u003EIncluded in other donations is the Omaze donation of \u00A33.5m (2024: \u00A3nil) and the Postcode Children Trust donation of \u00A30.5m\u0026nbsp;(2024: \u00A3nil).\u003C/p\u003E\n\u003Ch4\u003Eb. Charitable activities\u003C/h4\u003E\n\u003Cp\u003EThis income is derived mainly from major events like the Jamboree and National Activity Centres where most of the activities are\u0026nbsp;not undertaken with the principal intention of generating a surplus. The Association\u2019s charitable activities are financed by\u0026nbsp;membership subscriptions and fundraising. There was no restricted or endowment charitable activities income.\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/aneli3vl/income-and-endowments-charitable-activities.jpg","width":999,"height":211,"altText":"A document showing income and endowments from charitable activities for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Ch4\u003Ec. Trading activities\u003C/h4\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/i2bd3d2f/income-and-endowments-trading-activities.jpg","width":992,"height":187,"altText":"A document showing income and endowments from trading activities for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThere is no income for trading activites under restricted and endowment funds. Retail sales is comprises sales from Scout Shops\u0026nbsp;Limited, World Scout Shop Limited and Scout Products Limited.\u003C/p\u003E\n\u003Ch4\u003Ed. Investment income\u003C/h4\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/lwbabhbn/income-and-endowments-investment-income.jpg","width":996,"height":309,"altText":"A document showing income and endowments from investment income for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E6. Expenditure\u003C/h3\u003E\n\u003Ch4\u003Ea. Trading activities\u003C/h4\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/fk4mtvbv/expenditure-trading-activities.jpg","width":999,"height":307,"altText":"A document showing expenditure from trading activities for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EExpenditure on trading activities includes support costs of \u00A30.76m (2024: \u00A30.68m). The basis for the allocation of support costs\u0026nbsp;is explained in note 6.c.\u003C/p\u003E\n\u003Ch4\u003Eb. Costs of charitable activities\u003C/h4\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/3hlhprk2/expenditure-costs-of-charitable-activities.jpg","width":1005,"height":569,"altText":"A document showing expenditure from costs of charitable activities for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003ECharitable activities have been analysed into four categories as explained in note 3.d. Costs are allocated using the principles\u0026nbsp;explained in that note.\u003C/p\u003E\n\u003Cp\u003EYouth programme includes the various educational activities in which members participate. Development activities are those\u0026nbsp;which are focused on growing our movement. Adult support and training includes those activities which assist leaders and other\u0026nbsp;adults involved in Scouts. Support and services to the movement includes those activities that help ensure the safety and\u0026nbsp;safeguarding of members, which underpin the activities of Scout Groups.\u003C/p\u003E\n\u003Ch3\u003E6. Expenditure continued\u003C/h3\u003E\n\u003Ch4\u003Ea. Analysis of grants to local Scouting\u003C/h4\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/ldof15xw/analysis-of-grants-to-local-scouting.jpg","width":1002,"height":369,"altText":"A document showing analysis of grants to local Scouting for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EGrants from restricted and designated funds administered by the Association are paid, in accordance with the terms governing\u0026nbsp;those funds, to a large number of Scout Groups, Districts, Areas and Counties.\u003C/p\u003E\n\u003Ch4\u003Eb. Support costs allocation\u003C/h4\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/tsljutcb/support-costs-allocation.jpg","width":995,"height":444,"altText":"A document showing support costs allocation for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003ESupport costs comprise that expenditure which facilitates fundraising and charitable activity but which is not directly incurred in\u0026nbsp;the conduct of those activities. The support costs itemised above have been\u0026nbsp; apportioned to fundraising and charitable activities pro rata to the employment costs of staff directly engaged on the relevant activities. The percentage allocations are disclosed in\u0026nbsp;note 3.d.\u003C/p\u003E\n\u003Ch4\u003Ec. Expenditure includes:\u003C/h4\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/kvopz2bb/expenditure-includes.jpg","width":994,"height":181,"altText":"A document showing expenditure includes for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EDuring the year 22 Trustees (2024: 18 Trustees) were reimbursed \u00A318,688 (2024: \u00A315,417) for expenses, such as travel and\u0026nbsp;subsistence, incurred in their attending meetings and in the carrying out of their duties.\u003C/p\u003E\n\u003Ch3\u003E7. Staff costs\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/rgqb4nrp/staff-costs.jpg","width":1002,"height":472,"altText":"A document showing staff costs for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EIncreases across various areas, mainly supporting digital transformation including Volunteer Experience, the Skills for Life\u0026nbsp;programme and new safety roles.\u003C/p\u003E\n\u003Cp\u003EThe number of employees whose total emoluments for the year exceeded \u00A360,000 were as follows:\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/o2dlgwz1/staff-salary-breakdown.jpg","width":999,"height":280,"altText":"A document showing staff salary breakdown for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe Chief Executive Officer role, is also a Trustee, for which they are not paid. They receive salary and benefits for their service as\u0026nbsp;Chief Executive Officer. Matthew Hyde, OBE left in September and received salary and benefits of \u00A379,910 (2024: \u00A3146,610)\u0026nbsp;and Aidan Jones, OBE joined in October and received salary and benefits of \u00A369,007 (2024: \u00A3nil).\u003C/p\u003E\n\u003Cp\u003EPension contributions for the Chief Executive Officer role consisted of \u00A37,912 (2024: \u00A314,490) for Matthew Hyde and \u00A37,012\u0026nbsp;(2024: \u00A3nil) for Aidan Jones. No other Trustee received remuneration for services to the Association.\u003C/p\u003E\n\u003Cp\u003EThe key management personnel of the parent charity and its subsidiaries comprise the Trustees, the Chief Executive Officer,\u0026nbsp;Executive Director of Commercial Services, Executive Director of Communications and Fundraising, Executive Director of\u0026nbsp;Operations, Executive Director of Finance \u0026amp; Resources, Executive Director of Strategy and Transformation, Managing Director of\u0026nbsp;Unity and General Manager of Scout Shops and World Scout Shop.\u003C/p\u003E\n\u003Cp\u003EThe total employer cost of the key management personnel of the Scout Association and its subsidiaries was \u00A31,133,389 (2024:\u0026nbsp;\u00A31,203,214).\u003C/p\u003E\n\u003Ch3\u003E7a. Staff costs\u003C/h3\u003E\n\u003Cp\u003E\u003Cstrong\u003EPension schemes\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EPension provision for current staff is provided through a defined contribution arrangement.\u003C/p\u003E\n\u003Cp\u003EThe Association previously provided defined benefit pensions through the Scout Association Defined Benefit Pension Scheme\u0026nbsp;(\u201Cthe Scheme\u201D). The Scheme was closed to future accrual with effect from 1 July 2022. It has 87 deferred members and 156\u0026nbsp;members in receipt of a current pension. The Scheme provides benefits, on retirement, on leaving service or on death, based on\u0026nbsp;final salary and length of service.\u003C/p\u003E\n\u003Cp\u003EThe Scheme is subject to the Statutory Funding Objective under the Pensions Act 2004 and a valuation of the Scheme is carried\u0026nbsp;out at least once every three years. As part of the process, the Association must agree with the Trustees of the Scheme the\u0026nbsp;contributions to be paid in order to address any shortfall against the Statutory Funding Objective and the contributions to be paid\u0026nbsp;in respect of the accrual of the future benefits.\u003C/p\u003E\n\u003Cp\u003EThe last triennial actuarial valuation of the scheme was carried out as at 31 March 2022 and showed a deficit of \u00A32.5 million. In\u0026nbsp;March 2023 the Association paid \u00A32.5 million to eliminate this deficit as agreed with the Trustees. This was in addition to\u0026nbsp;payments of \u00A350k made in April 2023, and \u00A31.1 million in respect of the previous deficit reduction plan and to cover\u0026nbsp;administration expenses.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EFRS102 valuation\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThese financial statements have been prepared in line with the requirements of FRS 102. The FRS 102 valuation is only in\u0026nbsp;respect of the defined benefit Scheme. The principal FRS 102 actuarial assumptions, determined by financial markets and\u0026nbsp;demographic conditions, are shown below. Pension payments increase at different rates for different accrual periods. A later table\u0026nbsp;shows the sensitivity of the liability to these assumptions.\u003C/p\u003E\n\u003Cp\u003EThe fair value of the scheme assets exceeded the present value of future obligations at 31 March 2025 by \u00A32.7 million.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EPrincipal actuarial assumptions\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/2m0km1yk/principal-actuarial-assumptions.jpg","width":994,"height":533,"altText":"A document showing principal actuarial assumptions for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003EBalance sheet position\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/oaejhlkq/balance-sheet-position.jpg","width":990,"height":305,"altText":"A document showing balance sheet position for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003EAmounts recognised in the Statement of Financial Activities\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/re1f2lps/amounts-recognised-in-the-statement-of-financial-activities.jpg","width":994,"height":206,"altText":"A document showing amounts recognised in the statement of financial activities for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003ERemeasurement gains/(losses)\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/k2vodw20/remeasurement-gains-losses.jpg","width":993,"height":161,"altText":"A document showing remeasurement gains/losses for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003EReconciliation of the fair value of assets and liabilities\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/hyvl4shf/reconciliation-of-the-fair-value-of-assets-and-liabilities.jpg","width":998,"height":343,"altText":"A document showing reconciliation of the fair value of assets and liabilities for 2024/25.","caption":"","link":null},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/o4hbapyi/value-of-liabilities.jpg","width":1000,"height":313,"altText":"A document showing value of liabilities for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003ESensitivity of the value placed on the liabilities\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/kfvdodlr/sensitivity-of-the-value-placed-on-the-liabilities.jpg","width":994,"height":322,"altText":"A document showing sensitivity of the value placed on the liabilities for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E8. Net movement in funds\u003C/h3\u003E\n\u003Cp\u003EThe net movement in funds arises as follows:\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/2kvnrxwz/net-movement-in-funds.jpg","width":993,"height":182,"altText":"A document showing net movement in funds for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E9. Intangible fixed assets\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/e4fb0vuk/intangible-fixed-assets.jpg","width":874,"height":809,"altText":"A document showing intangible fixed assets for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe Volunteer Experience Programme will deliver transformation to our volunteers, enabling volunteers to do their role more\u00A0easily, to undertake the learning they need to do for their role, as well as enabling us to attract and recruit more volunteers. As\u00A0part of this, we are creating new digital tools to enable this work - this includes tools to help with membership tasks, learning,\u00A0and recruitment.\u003C/p\u003E\n\u003Ch3\u003E10. Heritage assets\u003C/h3\u003E\n\u003Cp\u003E\u003Cstrong\u003E(a) Consolidated and the Association Unrestricted Funds value\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/0b2f1zch/heritage-assets.jpg","width":875,"height":95,"altText":"A document showing heritage assets for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EA valuation of items (see note 3g.) was undertaken as at 31 March 2025 by Patrick Bowen BA (Hons) Lond., MRICS which\u0026nbsp;resulted in a valuation increase of \u00A3301k from the previous valuation undertaken in 2023.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E(b) Five year financial summary of heritage asset transactions\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThere have been no purchases, donations or disposals in the last five years.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E(c) Further information on heritage assets\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThe Heritage Service, supported by a small team of volunteers, is working to catalogue the Collection in line with The Heritage Collections Trust SPECTRUM standard and the national standard for archive cataloguing, this activity is an ongoing priority.\u0026nbsp;Currently 16.8% of the Collection by number, including all those items held at valuation, is catalogued to these standards. An\u0026nbsp;additional 1.8% is listed at inventory level. An average of 1,500 new items are accepted into the collection each year representing\u0026nbsp;historic and contemporary Scouting.\u003C/p\u003E\n\u003Cp\u003EA small number of Collection items is displayed within the buildings and grounds of Gilwell Park but most of the Collection is held\u0026nbsp;in storage. Included in the development plans for Gilwell Park is a new facility which would increase public access to the\u0026nbsp;Collection, through a permanent display and a series of temporary exhibitions, as well as providing more appropriate storage for the Collection, ensuring its long term preservation. Currently access to the Collection is provided through the enquiries service,\u0026nbsp;research appointments, the Gilwell Park Heritage Trail, the Scout Heritage website and exhibitions and activities organised with partner organisations. The Heritage Service continues to reach out to new audiences through activities including participation in\u0026nbsp;the national Heritage Open Days scheme and programmes, including the UK Dementia Friendly Heritage Network.\u003C/p\u003E\n\u003Cp\u003EThe Association maintains the heritage collection in a good condition, and no items currently require substantial conservation\u0026nbsp;expenditure. The nature of some of the assets, such as early cine- film, means they will deteriorate over time and should be\u0026nbsp;considered a priority for preservation by digitisation and specialist storage. The Heritage Service actively seeks external funding\u0026nbsp;to support the delivery of its conservation work.\u003C/p\u003E\n\u003Cp\u003EThe Association will occasionally approve the disposal of elements of the Collection, this process is carried out in accordance with the Code of Ethics and industry best practice as dictated by the Arts Council England Accreditation Standard. Disposal will be\u0026nbsp;judged against the Association\u2019s Collecting Policy. Disposal will be carried out in line with the Disposal Policy and follow the\u0026nbsp;Disposal Procedure. Disposal of accessioned material only takes place with the approval of the Trustees or their designated\u0026nbsp;representative. Disposal of non-accessioned items takes place with the approval of the Executive Director of Commercial\u0026nbsp;Services. In accordance with best practice the Heritage Service will always try to keep the item in the public domain by gifting it\u0026nbsp;free of charge to other relevant museum collections or archives. If an appropriate museum or archive cannot be found the item\u0026nbsp;may be considered for sale, any proceeds from such a sale would be restricted to the care and preservation of the Collection.\u003C/p\u003E\n\u003Ch3\u003E11. Tangible fixed assets\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/2xllgsrm/consolidated-tangible-fixed-assets.jpg","width":873,"height":451,"altText":"A document showing consolidated tangible fixed assets for 2024/25.","caption":"","link":null},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/km3lxpyb/tangible-fixed-assets-the-association.jpg","width":881,"height":458,"altText":"A document showing tangible fixed assets for the association for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E12. Investment in subsidiary companies\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/jjijf0v4/net-book-value-of-shares.jpg","width":873,"height":116,"altText":"A document showing net book value of shares for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EAt 31st March 2025, the Association owns 100 per cent of the following unlisted companies:\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/dqrjk2jq/shares-in-unlisted-companies.jpg","width":875,"height":161,"altText":"A document showing shares in unlisted companies for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe Boards of Directors of Scout Shops Limited, World Scout Shop Limited, Scout Services Limited and Scout Insurance Services\u00A0Limited have each covenanted their respective company\u2019s taxable profits to the Association. World Scout Shop Limited ceased\u00A0trading on 31 March 2024.\u003C/p\u003E\n\u003Cp\u003EThe principal activities of each subsidiary is as follows:\u003C/p\u003E\n\u003Cp\u003EScout Shops Limited - Sale and distribution of merchandise\u003C/p\u003E\n\u003Cp\u003EScout Insurance Services Limited - Insurance broker\u003C/p\u003E\n\u003Cp\u003EScout Services Limited - Sponsorship and marketing services for The Scout Association and other commercial activities\u003C/p\u003E\n\u003Cp\u003EWorld Scout Shop Limited - Sale and distribution of World Scout Organisation branded merchandise\u003C/p\u003E\n\u003Cp\u003EScout Products Limited - Procurement and supply of Scout Shops products for The Scout Association\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EInvestment in Subsidiaries\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThe summarised profit and loss accounts and balance sheet totals for the active trading subsidiary companies are shown below:\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/3t3fbder/investment-in-subsidiaries.jpg","width":878,"height":543,"altText":"A document showing investment in subsidiaries for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe reserves balance and net movement in funds are different to the amounts shown for subsidiaries in notes 8 and 18 due to\u0026nbsp;the impairment in TSA of the investment in World Scout Shop Limited.\u003C/p\u003E\n\u003Ch3\u003E13. Fixed asset investments\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/03jhck3l/fixed-asset-investments.jpg","width":880,"height":262,"altText":"A document showing fixed asset investments for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe investments comprise of two multi-asset Charity Authorised Investments Funds (CAIFs) and a money market fund, managed\u0026nbsp;by Cazenove Capital and Sarasin \u0026amp; Partners LLP. The CAIFs have a combined value of \u00A324.7m (2024: \u00A324.4m), and the money\u0026nbsp;market fund totalled \u00A310.8m (2024: \u00A38.4m).\u003C/p\u003E\n\u003Cp\u003EThe investments are open-ended funds for which prices are quoted daily by the investment managers and as such are classified\u0026nbsp;as tier 1 in the fair value hierarchy. The multi-asset funds are subject to market risk, therefore, their value changes as the market\u0026nbsp;prices change. The Association holds such investments in support of its reserves policy.\u003C/p\u003E\n\u003Cp\u003EIn relation to the movements for the year, \u00A312.4m of the acquisitions and disposal proceeds relate to switching the Cazenove\u0026nbsp;Capital fund to their Charity Sustainable Multi-asset Fund. The balance related to the additions and subsequent withdrawals from\u0026nbsp;the money market funds was utilised to meet the annual cash requirements. All of the net gain on revaluation relates to the\u0026nbsp;multi-asset funds.\u003C/p\u003E\n\u003Cp\u003EThe Association paid \u00A327,429 investment management fees and commission charges during the year (2024: 44,032). \u00A329,565\u0026nbsp;was received in rebates from our investment managers (2024: \u00A3nil).\u003C/p\u003E\n\u003Ch3\u003E14. Stocks\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/lsvdzsb4/stocks.jpg","width":881,"height":111,"altText":"A document showing stocks for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E15. Debtors\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/hqjcb0f4/debtors.jpg","width":875,"height":291,"altText":"A document showing debtors for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EOther debtors includes amounts receivable from insurers of \u00A34.5m (2024: \u00A33.3m), see note 16 and 17, and secured, interest\u0026nbsp;bearing loans made to Scout Groups. The loans are repayable as shown below.\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/kmlfzagi/repayable-loans.jpg","width":880,"height":157,"altText":"A document showing repayable loans for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E16. Creditors\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/bnrf4jns/creditors.jpg","width":881,"height":175,"altText":"A document showing creditors for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EOther creditors includes \u00A3nil (2024: \u00A3845k) of legal fees which will be reimbursed by insurers (see note 15).\u003C/p\u003E\n\u003Ch3\u003E17. Provisions for liabilities and contingent liabilities\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/zyoolmch/provisions-for-liabilities-and-contingent-liabilities.jpg","width":1197,"height":583,"altText":"A document showing provisions for liabilities and contingent liabilities for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe Association puts young people first and their safeguarding and safety is paramount, but with the nature of our work there are\u0026nbsp;claims made against the Association. Taking account of legal advice, provision is made on a best estimates basis for those claims of\u0026nbsp;which the Association is aware and for which it is assessed it is probable that the Association will be liable and to the extent that\u0026nbsp;they can be reliably measured. Such claims are covered in part by commercial insurance policies. The amount receivable from\u0026nbsp;insurers of \u00A34.5m (2024: \u00A33.3m) to the extent that a liability has been recognised has been included in debtors (see note 15).\u003C/p\u003E\n\u003Cp\u003EIn addition it is the Association\u2019s experience that incidents and/or claims may still be notified to the Association for events which occurred prior to 31 March 2025. In some cases, particularly regarding safeguarding or abuse claims, these may be made many years after the original event. Since the nature of any such incident or claim is not yet known, it is not possible for the Association to determine whether it is probable that the Association will be held liable or to estimate the amount of any consequential outflow of economic benefits. Therefore there exists an unquantifiable contingent liability in respect of such incidents and/or claims. Taking into account such insurance cover as is available, the Association is satisfied that any such claims that might arise would not present a\u0026nbsp;significant financial risk to the Association.\u003C/p\u003E\n\u003Cp\u003EThe Association has been notified of regulatory investigations in relation to health and safety matters. At present these matters are\u0026nbsp;not sufficiently advanced to make an assessment of any potential liabilities that could arise from the outcome of these investigations.\u003C/p\u003E\n\u003Ch3\u003E18. Fund Balances\u003C/h3\u003E\n\u003Ch4\u003Ea. Reconciliation of movement in funds\u003C/h4\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/ktfjhh1q/reconciliation-of-movement-in-funds.jpg","width":682,"height":880,"altText":"A document showing reconciliation of movement in funds for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003EReconciliation of movement in funds for 2023/24\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/c0rf05bb/reconciliation-of-movement-in-funds-for-2023-24.jpg","width":685,"height":921,"altText":"A document showing reconciliation of movement in funds for 2023/24.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Ch4\u003Eb. Endowment funds - Consolidated and the Association\u003C/h4\u003E\n\u003Cp\u003EEndowment funds include the 1914 Endowment Fund, the King George VI Leadership Fund and 6 (2024: 6) other funds\u00A0administered by the Association. Income from the 1914 Endowment Fund and two others is unrestricted and credited to the\u00A0General Fund. Income from the King George VI Leadership Fund and three others is restricted and income from the remaining\u00A0fund is paid to an external Scouting beneficiary.\u003C/p\u003E\n\u003Ch4\u003Ec. Restricted funds - Consolidated and the Association\u003C/h4\u003E\n\u003Cp\u003EThe main restricted funds are shown in note 18 and 18(a), comprising national and local development funds.\u003C/p\u003E\n\u003Cp\u003EThe Omaze Fund is the largest individual restricted fund with a balance of \u00A33.5m (2024: \u00A3nil). This is funding to be used for\u00A0Squirrels growth.\u003C/p\u003E\n\u003Cp\u003EThe restricted Individual Giving fund was set up to receive donations or legacies from individual donors that have been sent for\u00A0specific purposes. The movements in the year were due to us receiving two large legacies totalling \u00A3353k. The outstanding\u00A0income was for smaller legacies received. The expenditure on this restricted fund is due to the payment of legacies to Scout\u00A0Groups chosen by donors.\u003C/p\u003E\n\u003Cp\u003EThe Government\u2019s Department for Digital, Culture, Media and Sport (DCMS) awarded funding to Scouts from their Uniformed\u00A0Youth Fund. We will use this funding to support growth across the Scouts and Explorers Sections and create 7,250 new places\u00A0for 10- to 18-year-olds in under-represented and levelling up areas. Spend in the year through this fund was used to:\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003ERecruit new staff to form a team within the Growth and Communities team in England, who\u2019ll work with Groups to deliver\u00A0taster sessions, build programme capacity and help set up new Sections to reduce waiting lists,\u003C/li\u003E\n\u003Cli\u003ERecruit dedicated Community Marketing staff to work alongside volunteers in these areas and the new Growth and\u00A0Communities team,\u003C/li\u003E\n\u003Cli\u003EContinue our work to transform the Volunteer Experience to make sure volunteers feel valued and supported,\u003C/li\u003E\n\u003Cli\u003EContinue work to improve data and youth insights.\u003C/li\u003E\n\u003C/ul\u003E\n\u003Cp\u003EFurther details of the funds available, and the process of applying to them for grants, are to be found at\u00A0\u003Ca href=\u0022https://www.scouts.org.uk/grants\u0022\u003Ewww.scouts.org.uk/grants\u003C/a\u003E.\u003C/p\u003E\n\u003Ch4\u003Ed. Designated funds - Consolidated and the Association\u003C/h4\u003E\n\u003Cp\u003EThe fixed asset fund represents the value of the Association\u2019s tangible fixed assets, goodwill \u0026amp; licences, and heritage assets.\u003C/p\u003E\n\u003Cp\u003EThe Inclusion and Solidarity fund was transferred to the General Fund last year to fund (in part) the losses on the Jamboree\u00A0in 2023.\u003C/p\u003E\n\u003Ch4\u003Ee. Analysis of net assets between funds\u003C/h4\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/rvopu3p4/analysis-of-net-assets-between-funds.jpg","width":1002,"height":652,"altText":"A document showing analysis of net assets between funds for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E19. Other financial commitments and authorised expenditure\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/a1up2os3/other-financial-commitments-and-authorised-expenditure.jpg","width":997,"height":238,"altText":"A document showing other financial commitments and authorised expenditure for 2024/25.","caption":"","link":null},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe total lease payments, included within the financial statements for the year were \u00A3185,338 (2024: \u00A3271,063).\u003C/p\u003E\n\u003Cp\u003EAt 31 March 2025 there was capital expenditure authorised but not committed of \u00A3nil (2024: \u00A3606,083).\u003C/p\u003E\n\u003Ch3\u003E20. Events occurring after the reporting period\u003C/h3\u003E\n\u003Cp\u003EThere have been no material events occurring after the reporting period.\u003C/p\u003E\n\u003Ch3\u003E21. Related party transactions\u003C/h3\u003E\n\u003Cp\u003EExpenses and remuneration paid to the Trustees are disclosed in notes 6 and 7 respectively.\u003C/p\u003E\n\u003Cp\u003ETransactions with the defined benefit pension scheme are disclosed in note 7a.\u003C/p\u003E\n\u003Cp\u003ETransactions with subsidiaries:\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"gridImageBlock","gtmId":"","gtmClass":"","image":"/media/4xaj5lp2/transactions-with-subsidiaries.jpg","width":1009,"height":574,"altText":"A document showing transactions with subsidiaries for 2024/25.","caption":"","link":null}]}],"config":null}]},"prev":{"link":"/about-us/our-impacts-and-reports/scouts-annual-report-2024-25/statement-of-cash-flows/","title":"Statement of cash flows"},"next":{"link":"/about-us/our-impacts-and-reports/scouts-annual-report-2024-25/our-members/","title":"Our 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