{"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\u003Cp\u003E\u003Cstrong\u003Ea. Basis of preparation of consolidated financial statements \u003C/strong\u003E\u003Cbr\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 accounts have been prepared to give a \u2018true and fair\u2019 view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a \u2018true and fair view\u2019. This departure has involved following the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 rather than the previous Statement of Recommended Practice: Accounting and Reporting by Charities, which was effective from 1 April 2005 but which has since been withdrawn.\u003C/p\u003E\n\u003Cp\u003EThe Scout Association meets the definition of a public benefit entity under FRS 102.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\u003Cli\u003EScout Association Trust Corporation\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 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 and certain heritage assets, which are stated at fair value.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Eb. Going concern \u003C/strong\u003E\u003Cbr\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\u003Cp\u003E\u003Cstrong\u003Ec. Recognition of income \u003C/strong\u003E\u003Cbr\u003E\u003Cstrong\u003EMembership subscriptions \u003C/strong\u003E\u003Cbr\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\u003Cbr\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. The Association determines that this is the earlier of notification from the executors of an amount to be received, final estate accounts or receipt. 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\u003Cbr\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\u003Cbr\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\u003Cbr\u003EInsurance commission is recognised at the date of inception of the policy. The amount recognised is the the total brokerage due to the company less an overall provision for unearned commission. Profit 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\u003Cbr\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\u003Cp\u003E\u003Cstrong\u003Ed. Allocation of income and costs \u003C/strong\u003E\u003Cbr\u003E\u003Cstrong\u003ECharitable activities\u003C/strong\u003E \u003Cbr\u003EThis comprises income from the provision of services supporting the objects of the Association through operations including National Activity Centres, and the Information Centre.\u003C/p\u003E\n\u003Cp\u003ECharitable activities have been analysed under the following headings:\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\u003EThe Association\u2019s activities are largely financed by national membership subscriptions and by the surpluses generated by its trading subsidiaries rather than income from charitable activities. The activities have been classified as described in note 6.\u003C/p\u003E\n\u003Cp\u003EWhere possible the income and costs relating to a department or cost centre are allocated in full to one of the above categories, but in practice many departments have an involvement in more than one activity. Major self-funding events, including the Jamboree, are not allocated with total income and costs for the event shown separately. The other major allocations are set out below.\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/a2ublejc/allocations.png","width":398,"height":523,"altText":"Table showing major cash allocations.","caption":"","link":{"name":"Allocations","id":null,"url":"https://prod-cms.scouts.org.uk//media/a2ublejc/allocations.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cbr\u003E\u003Cstrong\u003ESupport costs\u003C/strong\u003E\u003Cbr\u003EThese are costs incurred directly in support of the objects of the Charity. The costs are attributed to the activities that they support. Where a department supports all the Charity\u2019s activities the costs have been apportioned pro-rata to the staff resources directly engaged in that activity. The percentages that apply are:\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003ETrading \u2013 6%\u0026nbsp;\u003C/li\u003E\n\u003Cli\u003EYouth programme \u2013 20%\u0026nbsp;\u003C/li\u003E\n\u003Cli\u003EDevelopment of Scouting \u2013 29%\u0026nbsp;\u003C/li\u003E\n\u003Cli\u003EAdult support and training \u2013 26%\u0026nbsp;\u003C/li\u003E\n\u003Cli\u003ESupport and services to members \u2013 19%\u0026nbsp;\u003C/li\u003E\n\u003C/ul\u003E\n\u003Cp\u003E\u003Cstrong\u003EGovernance costs \u003C/strong\u003E\u003Cbr\u003EThese are the costs associated with the governance arrangements of the Charity which relate to compliance with legal and statutory requirements of the Charity as opposed to those costs associated with fundraising. They include audit fees and the costs of trustees\u2019 meetings.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Ee. Expenditure \u003C/strong\u003E\u003Cbr\u003EAll expenditure is accounted for on an accruals basis and is allocated as per note 3d Charitable activities.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EGrants payable\u003C/strong\u003E\u003Cbr\u003EGrants payable are included in the Statement of Financial Activities as expenditure in the period in which the award is made. Grants which have been approved by the trustees and agreed with other organisations but which are unpaid at the year end are accrued. Grants where the beneficiary has not been informed or has to meet certain conditions before the grant is released are not accrued.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Ef. Intangible fixed assets \u003C/strong\u003E\u003Cbr\u003EIT software is capitalised and written off over the term of the related contract, between 2 and 5 years.\u003C/p\u003E\n\u003Cp\u003ESystems Development is capitalised and once the projects have completed they are written off over 5 years.\u003C/p\u003E\n\u003Cp\u003EImpairment tests on the carrying value are undertaken at the end of the first full year after acquisition and in any other subsequent period if events or changes in circumstances indicate that the carrying value may not be recoverable. The cost of acquiring a brand licence is written off over the term of the related contract.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Eg. Heritage fixed assets \u003C/strong\u003E\u003Cbr\u003EThe Association maintains a heritage collection of around 250,000 items. Through an active and innovative programme of collecting, interpreting and engagement, the Heritage Collection helps create connections between members of The Scout Association, both past and present, and the wider community. The Heritage Collection is managed by the Headquarters\u2019 Heritage Service. To ensure its ongoing representation of Scouting\u2019s story the Heritage Service continues to collect both historical and contemporary material. New acquisitions are normally made by donation with occasional low cost purchases. New material is acquired in accordance with The Scout Association\u2019s Collecting Policy.\u003C/p\u003E\n\u003Cp\u003ESome 300 key items in the Association\u2019s collection, particularly those relating to the Founder, are valued periodically since the nature of these items permits that to be sufficiently reliable. The last valuation was at 19 February 2025 (see note 10). Gains and losses on revaluation are recognised through \u2018Other recognised gains\u2019 in the Statement of Financial Activities. It is the intention of The Scout Association to preserve these items indefinitely, therefore amortisation is not regarded as appropriate.\u003C/p\u003E\n\u003Cp\u003EThe trustees consider that obtaining valuations for the remainder of the Collection would involve disproportionate cost due to the diverse nature of the material held and the lack of comparable market values. Such items are therefore not recognised on the Balance Sheet.\u003C/p\u003E\n\u003Cp\u003EExpenditure that is in the trustees\u2019 view required to conserve or prevent further deterioration of individual items is recognised as expenditure when it is incurred.\u0026nbsp;\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Eh. Tangible fixed assets \u003C/strong\u003E\u003Cbr\u003ETangible assets are stated at cost. Where land and buildings are acquired together it is assumed that the buildings represent 50% of the initial cost. Depreciation is calculated to write off the cost of assets by equal annual amounts over their expected useful lives. Assets costing less than \u00A35,000 are not capitalised. No depreciation is provided on freehold land.\u003C/p\u003E\n\u003Cp\u003EDepreciation rates used are:\u003Cbr\u003EFreehold property \u2013 \u0026nbsp;20 to 50 years, with 5 to 10 years for replacement elements \u003Cbr\u003ELeasehold property \u2013 \u0026nbsp;the shorter of the lease period or 50 years \u003Cbr\u003EFurniture fittings and equipment \u2013 generally 5 to 25 years\u003C/p\u003E\n\u003Cp\u003EGains or losses on the disposal of fixed assets are reflected in net income/expenditure for the year shown in the Statement of Financial Activities.\u003C/p\u003E\n\u003Cp\u003EImpairment reviews on fixed assets are carried out each year and any asset with a carrying value materially higher than its recoverable or useful value is written down accordingly.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Ei. Fixed asset investments \u003C/strong\u003E\u003Cbr\u003EThe Scout Association holds investments both in order to generate income for the support of charitable objectives and to provide assets to meet the need of reserves, identified in the reserves policy. Investments are stated at current market value on the balance sheet date unless there\u2019s evidence of a different fair value.\u0026nbsp;\u003C/p\u003E\n\u003Cp\u003EGains or losses arising during the year are disclosed in the Statement of Financial Activities and in note 13.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Ej. Cash and cash equivalents \u003C/strong\u003E\u003Cbr\u003ECash and cash equivalents are held to meet short-term cash commitments as they fall due. Cash equivalents are fixed deposit accounts that are readily convertible to cash in that they have a short maturity of three months or less as at the balance sheet date.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Ek. Stocks \u003C/strong\u003E\u003Cbr\u003EStocks are valued at the lower of cost and estimated net realisable value. Cost is calculated using the current purchase price method and consists of the original cost of goods without any addition for overheads.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003El. Provisions \u003C/strong\u003E\u003Cbr\u003EA provision is recognised in the balance sheet when the Association has an obligation as a result of a past event and it is probable that an outflow of economic benefits that can be reliably measured will be required to settle that obligation.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Em. VAT \u003C/strong\u003E\u003Cbr\u003EThe Association is partially exempt for VAT purposes and is not able to reclaim all the VAT it pays. All irrecoverable VAT is expensed as it is currently not allocated to the related expenses or assets.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003En. Leases \u003C/strong\u003E\u003Cbr\u003ESignificant assets held under finance leases and the related lease obligations are included at the fair value of the leased assets at the inception of the lease. Depreciation on leased assets is calculated to write off this amount on a straight-line basis over the shorter of the lease term and the useful life of the asset.\u003C/p\u003E\n\u003Cp\u003ERentals payable are apportioned between the finance charge and a reduction of the outstanding obligations.\u003C/p\u003E\n\u003Cp\u003EAll leases are operating leases and the rentals expensed as they are paid.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Eo. Pension costs \u003C/strong\u003E\u003Cbr\u003EContributions payable to The Scout Association Defined Benefit Pension Scheme are charged to the Statement of Financial Activities so as to spread the cost of pensions over the working lives of employees in the scheme. The pension charge is calculated on the basis of actuarial advice.\u003C/p\u003E\n\u003Cp\u003EThe pension scheme liabilities are measured using a projected unit method and discounted at an AA sterling corporate bond rate. Any excess of liabilities over the value of the pension scheme assets which are measured at fair value is recognised in full. Any surplus of pension scheme assets over liabilities is recognised as an asset to the extent that the Association is able to recover the surplus either through reduced contributions in the future or refunds from the plan.\u003C/p\u003E\n\u003Cp\u003EAdministration costs, the current service cost and net return on the scheme\u2019s assets and liabilities for the year is allocated across the resources expended categories in the Statement of Financial Activities. The actuarial gain or loss on the scheme for the year is included in the Other recognised gains/(losses) 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 incurred.\u0026nbsp;\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Ep. Financial assets \u003C/strong\u003E\u003Cbr\u003EFinancial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Eq. Financial liabilities \u003C/strong\u003E\u003Cbr\u003EFinancial liabilities are classified according to the substance of the financial instrument\u2019s contractual obligations, rather than the financial instrument\u2019s legal form. Financial liabilities, excluding derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Er. Forward currency contracts \u003C/strong\u003E\u003Cbr\u003EThe Scout Association enters into forward contracts for the purchase of currency in order to manage its exchange rate exposure relating to the World Scout Jamboree and other overseas events. Hedge contracts are measured at fair value at each reporting date.\u003C/p\u003E\n\u003Cp\u003EWhere there is a change in exposure at the balance sheet date, through movement in the forward exchange rate from the contract rate, that change is included in expenditure in the statement of financial activities.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Es. Judgements in applying accounting policies and key sources of estimation uncertainty \u003C/strong\u003E\u003Cbr\u003EIn preparing these financial statements, the trustees have made the following judgements:\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003EThe determination of whether or not there are indications of impairment of the Scout Association\u2019s tangible and intangible assets, taking into consideration the economic viability and expected future financial performance of the asset.\u003C/li\u003E\n\u003Cli\u003EThe determination of appropriate provision for claims, supported by legal advice.\u003C/li\u003E\n\u003Cli\u003EThe determination of appropriate financial and demographic assumptions in valuing the defined benefit pension obligations in line with FRS 102 requirements, supported by actuarial advice.\u003C/li\u003E\n\u003Cli\u003EThe determination of whether the organisation can recover any pension scheme asset in line with FRS102 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 \u003Cbr\u003EEndowment funds are those received to be held as capital on a total returns basis with only the income available to be spent. Subsequent gains or losses on the disposal of the underlying assets of the fund become part of the capital.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ERestricted funds \u003C/strong\u003E\u003Cbr\u003ERestricted funds are those received which have been earmarked for a special purpose by the donor or the terms of an appeal.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EUnrestricted funds \u003C/strong\u003E\u003Cbr\u003EUnrestricted funds are those received, which are not subject to any special restriction. They are divided between general funds and designated funds. Designated funds comprise amounts set aside by the trustees to be used for particular purposes.\u003C/p\u003E\n\u003Ch3\u003E5. Income and endowments\u003C/h3\u003E\n\u003Cp\u003E\u003Cstrong\u003Ea. Other voluntary income\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/elwg5po5/other-voluntary-income.png","width":778,"height":198,"altText":"Table showing other voluntary income.","caption":"","link":{"name":"Other Voluntary Income","id":null,"url":"https://prod-cms.scouts.org.uk//media/elwg5po5/other-voluntary-income.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EIncluded in grants above is the DCMS Uniformed Youth Fund grant of \u00A32.5m (2025: \u00A32.8m) and Generation Green grants of \u00A3nil (2025: \u00A30.7m).\u003C/p\u003E\n\u003Cp\u003EIncluded in other donations is the Omaze donation of \u00A30.01m (2025: \u00A33.5m) and the players of Postcode Lottery donation of \u00A30.5m (2025: \u00A30.5m).\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Eb. Charitable activities \u003C/strong\u003E\u003Cbr\u003EThis income is derived mainly from major events like the Jamboree and National Activity Centres where most of the activities are not undertaken with the principal intention of generating a surplus. The Association\u2019s charitable activities are financed by membership subscriptions and fundraising. The only restricted income from charitable activities relates to the UK Support Teams which operate as part of The Association.\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/hscgvx53/charitable-activities.png","width":778,"height":201,"altText":"Table showing charitable activities.","caption":"","link":{"name":"Charitable Activities","id":null,"url":"https://prod-cms.scouts.org.uk//media/hscgvx53/charitable-activities.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cbr\u003E\u003Cstrong\u003Ec. Trading activities\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/pfvndiqv/trading-activities.png","width":773,"height":140,"altText":"Table showing trading activities.","caption":"","link":{"name":"Trading Activities","id":null,"url":"https://prod-cms.scouts.org.uk//media/pfvndiqv/trading-activities.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cbr\u003EThere is no income for trading activities under restricted and endowment funds. Retail sales comprises sales from Scout Shops Limited and Scout Products Limited.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Ed. Investment income\u003Cbr\u003E\u003Cbr\u003E\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/esnhliij/investment-income.png","width":779,"height":213,"altText":"Table showing investment income.","caption":"","link":{"name":"Investment Income","id":null,"url":"https://prod-cms.scouts.org.uk//media/esnhliij/investment-income.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E6. Expenditure\u003C/h3\u003E\n\u003Cp\u003E\u003Cstrong\u003Ea. Trading activities\u003Cbr\u003E\u003Cbr\u003E\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/pxepkvfz/trading-activities-expenditure.png","width":777,"height":168,"altText":"Table showing trading activities expenditure.","caption":"","link":{"name":"Trading Activities Expenditure","id":null,"url":"https://prod-cms.scouts.org.uk//media/pxepkvfz/trading-activities-expenditure.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cbr\u003EExpenditure on trading activities includes support costs of \u00A30.78m (2025: \u00A30.76m). The basis for the allocation of support costs is explained in note 6.b.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Eb. Costs of charitable activities\u003Cbr\u003E\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/1bnfwny4/costs-of-charitable-activities.png","width":777,"height":453,"altText":"Table showing costs of charitable activities.","caption":"","link":{"name":"Costs Of Charitable Activities","id":null,"url":"https://prod-cms.scouts.org.uk//media/1bnfwny4/costs-of-charitable-activities.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cbr\u003ECharitable activities have been analysed into four categories as explained in note 3.d. Costs are allocated using the principles explained in that note.\u003C/p\u003E\n\u003Cp\u003EYouth programme includes the various educational activities in which members participate. Development activities are those which are focused on growing our movement. Adult support and training includes those activities which assist leaders and other adults involved in Scouts. Support and services to the movement includes those activities that help ensure the safety and safeguarding of members, which underpin the activities of Scout Groups.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EAnalysis of grants to local Scouting\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/n2toa2fa/analysis-of-grants-to-local-scouting.png","width":780,"height":332,"altText":"Table showing Analysis Of Grants To Local Scouting.","caption":"","link":{"name":"Analysis Of Grants To Local Scouting","id":null,"url":"https://prod-cms.scouts.org.uk//media/n2toa2fa/analysis-of-grants-to-local-scouting.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EGrants from restricted and designated funds administered by the Association are paid, in accordance with the terms governing those funds, to a large number of Scout Groups, Districts, Areas and Counties.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ESupport costs allocation\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/3nlhs35j/support-costs-allocation.png","width":781,"height":359,"altText":"Table showing Support Costs Allocation.","caption":"","link":{"name":"Support Costs Allocation","id":null,"url":"https://prod-cms.scouts.org.uk//media/3nlhs35j/support-costs-allocation.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003ESupport costs comprise that expenditure which facilitates fundraising and charitable activity but which is not directly incurred in the conduct of those activities. The support costs itemised above have been 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 note 3.d.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Ec. Expenditure includes:\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/k1re0klv/expenditure-includes.png","width":780,"height":128,"altText":"Table showing what expenditure includes.","caption":"","link":{"name":"Expenditure Includes","id":null,"url":"https://prod-cms.scouts.org.uk//media/k1re0klv/expenditure-includes.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EDuring the year 18 trustees (2025: 22 trustees) were reimbursed \u00A315,771 (2025: \u00A318,688) for expenses, such as travel and 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":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/yikd3ow3/staff-costs.png","width":779,"height":356,"altText":"Table showing staff costs.","caption":"","link":{"name":"Staff Costs","id":null,"url":"https://prod-cms.scouts.org.uk//media/yikd3ow3/staff-costs.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe decrease in staff numbers primarily relates to a restructure and resulting redundancies within the Association to reduce expenditure and balance the budget in future years.\u003C/p\u003E\n\u003Cp\u003EThe number of employees whose total emoluments for the year exceeded \u00A360,000 (including termination costs) are shown below. The number of employees disclosed within the higher remuneration bands includes individuals whose total emoluments for the year were increased by one-off termination-related payments, including redundancy payments, settlement agreements and payments in lieu of notice (PILON). Consequently, the banding disclosures may not be representative of ongoing annual remuneration levels.\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/b3cpqgis/salary-bands.png","width":773,"height":226,"altText":"Table showing salary bands.","caption":"","link":{"name":"Salary Bands","id":null,"url":"https://prod-cms.scouts.org.uk//media/b3cpqgis/salary-bands.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe Chief Executive Officer, Aidan Jones, is also a trustee, for which they are not paid. They received salary and benefits for their service as Chief Executive Officer of \u00A3149,721 (2025: \u00A369,007). Matt Hyde, left in the prior year in September 2024 and received salary and benefits of \u00A379,910. Pension contributions for the Chief Executive Officer role consisted of \u00A324,650 (2025: \u00A37,012 for Aidan Jones, \u00A37,912 for Matt Hyde). 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 UK Chief Volunteer and UK Leadership Team (volunteers), Chief Executive Officer, Executive Director of Commercial Services, Executive Director of Engagement, Executive Director of Operations, Executive Director of Finance, Executive Director of Strategy, Managing Director of Unity and Managing Director 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 \u00A31,156,716 (2025: \u00A31,133,389).\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EPension schemes\u003C/strong\u003E\u003Cbr\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 (\u201Cthe Scheme\u201D). The Scheme was closed to future accrual with effect from 1 July 2022. It has 87 deferred members and 156 members in receipt of a current pension. The Scheme provides benefits, on retirement, on leaving service or on death, based on 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 out at least once every three years. As part of the process, the Association must agree with the trustees of the Scheme the contributions to be paid in order to address any shortfall against the Statutory Funding Objective and the contributions to be paid 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 2025 and showed a \u00A32.8m surplus.\u0026nbsp;\u003C/p\u003E\n\u003Cp\u003EThe previous triennial valuation of the scheme, carried out as at 31 March 2022 showed a deficit of \u00A32.5 million. \u0026nbsp;In March 2023 the Association paid \u00A32.5 million to eliminate this deficit as agreed with the trustees. This was in addition to payments of \u00A350k made in April 2023, and \u00A31.1 million in respect of the previous deficit reduction plan and to cover administration expenses.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EFRS102 valuation \u003C/strong\u003E\u003Cbr\u003EThese financial statements have been prepared in line with the requirements of FRS 102. The FRS 102 valuation is only in respect of the defined benefit Scheme. The principal FRS 102 actuarial assumptions, determined by financial markets and demographic conditions, are shown below. Pension payments increase at different rates for different accrual periods. A later table 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 2026 by \u00A33.1m (2025: \u00A32.6m).\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EPrincipal actuarial assumptions\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/gwxa21nv/principal-actuarial-assumptions.png","width":779,"height":401,"altText":"Table showing Principal actuarial assumptions.","caption":"","link":{"name":"Principal Actuarial Assumptions","id":null,"url":"https://prod-cms.scouts.org.uk//media/gwxa21nv/principal-actuarial-assumptions.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003EBalance sheet position\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/hbenxue4/balance-sheet-position.png","width":782,"height":263,"altText":"Table showing balance sheet position.","caption":"","link":{"name":"Balance Sheet Position","id":null,"url":"https://prod-cms.scouts.org.uk//media/hbenxue4/balance-sheet-position.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003EAmounts recognised in the Statement of Financial Activities\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/o15cgdih/amounts-recognised-in-the-statement-of-financial-activities.png","width":778,"height":162,"altText":"Table showing the Amounts Recognised In The Statement Of Financial Activities.","caption":"","link":{"name":"Amounts Recognised In The Statement Of Financial Activities","id":null,"url":"https://prod-cms.scouts.org.uk//media/o15cgdih/amounts-recognised-in-the-statement-of-financial-activities.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003ERemeasurement gains/(losses)\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/lkugjbn2/remeasurement-gains-losses.png","width":785,"height":139,"altText":"Table showing Remeasurement gains/(losses).","caption":"","link":{"name":"Remeasurement Gains Losses","id":null,"url":"https://prod-cms.scouts.org.uk//media/lkugjbn2/remeasurement-gains-losses.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003EReconciliation of the fair value of assets and liabilities\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/hegnwahn/reconciliation-of-the-fair-value-of-assets-and-liabilities.png","width":776,"height":252,"altText":"Table showing Reconciliation of the fair value of assets and liabilities.","caption":"","link":{"name":"Reconciliation Of The Fair Value Of Assets And Liabilities","id":null,"url":"https://prod-cms.scouts.org.uk//media/hegnwahn/reconciliation-of-the-fair-value-of-assets-and-liabilities.png","newWindow":false,"target":"_blank"}},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/b2vpee0v/liabilities.png","width":776,"height":251,"altText":"Table showing liabilities. ","caption":"","link":{"name":"Liabilities","id":null,"url":"https://prod-cms.scouts.org.uk//media/b2vpee0v/liabilities.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003ESensitivity of the value placed on the liabilities\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/iz4gkutc/sensitivity-of-the-value-placed-on-the-liabilities.png","width":781,"height":227,"altText":"Table showing Sensitivity of the value placed on the liabilities.","caption":"","link":{"name":"Sensitivity Of The Value Placed On The Liabilities","id":null,"url":"https://prod-cms.scouts.org.uk//media/iz4gkutc/sensitivity-of-the-value-placed-on-the-liabilities.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E\u003Cbr\u003E8. Net movement in funds\u003C/h3\u003E\n\u003Cp\u003EThe net movement in funds arises as follows:\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/lmgngeam/net-movement-in-funds.png","width":782,"height":132,"altText":"Table showing net movement in funds.","caption":"","link":{"name":"Net Movement In Funds","id":null,"url":"https://prod-cms.scouts.org.uk//media/lmgngeam/net-movement-in-funds.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E9. Intangible fixed assets\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/5bik1sic/intangible-fixed-assets.png","width":774,"height":768,"altText":"Table showing Intangible fixed assets.","caption":"","link":{"name":"Intangible Fixed Assets","id":null,"url":"https://prod-cms.scouts.org.uk//media/5bik1sic/intangible-fixed-assets.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe Volunteer Experience Programme delivered a transformation to the way we volunteer at Scouts, from the way our teams are structured, how we welcome new volunteers, and how we equip them with the skills they need. This change was underpinned by the introduction of new digital tools to help manage membership, welcome new volunteers, and deliver learning.\u003C/p\u003E\n\u003Cp\u003EDuring the period, The Association reviewed the fixed asset register and disposed of a number of assets with a net book value of \u00A3nil that were no longer owned or in use. There was no profit or loss recognised in the Statement of Financial Activities, due to the assets being fully depreciated in prior years.\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":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/xfnjcd0o/consolidated-and-the-association-unrestricted-funds-value.png","width":781,"height":76,"altText":"Table showing Consolidated and the Association Unrestricted Funds value.","caption":"","link":{"name":"Consolidated And The Association Unrestricted Funds Value","id":null,"url":"https://prod-cms.scouts.org.uk//media/xfnjcd0o/consolidated-and-the-association-unrestricted-funds-value.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003ENo valuation has been undertaken in the current year. The latest valuation of items (see note 3g.) was undertaken as at 31 March 2025 by Patrick Bowen BA (Hons) Lond., MRICS which resulted in a valuation increase of \u00A3301k from the previous valuation undertaken in 2023.\u0026nbsp;\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E(b) Five year financial summary of heritage asset transactions\u00A0\u003C/strong\u003E\u003Cbr\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\u00A0\u003C/strong\u003E\u003Cbr\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. Currently 18.0% of the Collection by number, including all those items held at valuation, is catalogued to these standards. An additional 2.5% is listed at inventory level. An average of 1,500 new items are accepted into the collection each year representing historical and contemporary Scouting.\u003C/p\u003E\n\u003Cp\u003EIn November 2025, a new, permanent display facility \u201CThe Hirsch Family Adventure Gallery\u201D opened in Syd Kesseler Centre, showing a selection of items from the Heritage Collection. A programme of temporary exhibitions will continue in the White House Barn Gallery. Additionally, access to the Collection is provided through the enquiries service, 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 the national Heritage Open Days scheme and other partnership schemes.\u00A0\u003C/p\u003E\n\u003Cp\u003EThe Association maintains the Heritage Collection in a good condition, but there are a small number of items which require conversation and funding for these projects as well as for other conservation work is being sought. In the last year, the cine-film collection has been moved off site to specialist storage facilities and a programme of digitisation is being carried out.\u00A0\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 judged against the Association\u2019s Collecting Policy. Disposal will be carried out in line with the Disposal Policy and follow the Disposal Procedure. Disposal of accessioned material only takes place with the approval of the trustees or their designated representative. Disposal of non-accessioned items takes place with the approval of the Executive Director of Commercial Services. In accordance with best practice the Heritage Service will always try to keep the item in the public domain by gifting it free of charge to other relevant museum collections or archives. If an appropriate museum or archive cannot be found the item 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":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/fhxfyzwg/tangible-fixed-assets.png","width":628,"height":707,"altText":"Table showing Tangible fixed assets.","caption":"","link":{"name":"Tangible Fixed Assets","id":null,"url":"https://prod-cms.scouts.org.uk//media/fhxfyzwg/tangible-fixed-assets.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EDuring the period, The Association reviewed the fixed asset register and disposed of a number of assets with a net book value of \u00A3nil that were no longer owned or in use. There was no profit or loss recognised in the Statement of Financial Activities, due to the assets being fully depreciated in prior years.\u003C/p\u003E\n\u003Ch3\u003E12. Investment in subsidiary companies\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/jsoe2qv0/net-book-value-of-shares.png","width":772,"height":81,"altText":"Table showing Net Book Value Of Shares.","caption":"","link":{"name":"Net Book Value Of Shares","id":null,"url":"https://prod-cms.scouts.org.uk//media/jsoe2qv0/net-book-value-of-shares.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EAt 31st March 2026, the Association owns 100 per cent of the following unlisted companies:\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/ryaekvkw/unlisted-companies.png","width":782,"height":146,"altText":"Table showing unlisted companies.","caption":"","link":{"name":"Unlisted Companies","id":null,"url":"https://prod-cms.scouts.org.uk//media/ryaekvkw/unlisted-companies.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe Boards of Directors of Scout Shops Limited, Scout Services Limited and Scout Insurance Services Limited have each covenanted their respective company\u2019s taxable profits to the Association.\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\u003EScout Products Limited - Procurement and supply of Scout Shops products for The Scout Association\u003C/p\u003E\n\u003Cp\u003EScout Association Trust Corporation (The) is a company limited by guarantee without share capital and is controlled by The Scout Association. The company was dormant during the year and therefore had no impact on the consolidated results or net assets.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EInvestment in Subsidiaries\u003Cbr\u003E\u003C/strong\u003EThe summarised profit and loss accounts and balance sheet totals for the active trading subsidiary companies are shown below:\u003Cstrong\u003E\u003Cbr\u003E\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/44snsbjw/investment-in-subsidiaries.png","width":780,"height":443,"altText":"Table showing Investment in Subsidiaries.","caption":"","link":{"name":"Investment In Subsidiaries","id":null,"url":"https://prod-cms.scouts.org.uk//media/44snsbjw/investment-in-subsidiaries.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe reserves balance is different to the balance sheet due to an adjustment in TSA for the impairment of World Scout Shops Limited in prior years.\u003C/p\u003E\n\u003Ch3\u003E13. Fixed asset investments\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/15oi3kau/fixed-asset-investments.png","width":784,"height":236,"altText":"A table showing fixed asset investments.","caption":"","link":{"name":"Fixed Asset Investments","id":null,"url":"https://prod-cms.scouts.org.uk//media/15oi3kau/fixed-asset-investments.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe investments comprise two multi-asset Charity Authorised Investment Funds (CAIFs), managed by Cazenove Capital and Sarasin \u0026amp; Partners LLP, and a money market fund managed by Cazenove Capital. The CAIFs have a combined value of \u00A325.9m (2025: \u00A324.7m), and the money market fund totalled \u00A37.7m (2025: \u00A310.8m).\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 as tier 1 in the fair value hierarchy. The multi-asset funds are subject to market risk, therefore, their value changes as the market 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 prior year, \u00A312.4m of the acquisitions and disposal proceeds relate to switching the Cazenove Capital fund to their Charity Sustainable Multi-asset Fund.\u003C/p\u003E\n\u003Cp\u003EThe Association paid \u00A363,735 (2025: \u00A327,429) investment management fees and commission charges during the year. \u00A315,450 was also received in rebates from our investment managers (2025: \u00A329,565).\u003C/p\u003E\n\u003Ch3\u003E14. Stocks\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/kczjl3q1/stocks.png","width":784,"height":91,"altText":"A table showing stocks.","caption":"","link":{"name":"Stocks","id":null,"url":"https://prod-cms.scouts.org.uk//media/kczjl3q1/stocks.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E15. Debtors\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/gowfava3/debtors.png","width":783,"height":275,"altText":"A table showing debtors.","caption":"","link":{"name":"Debtors","id":null,"url":"https://prod-cms.scouts.org.uk//media/gowfava3/debtors.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EOther debtors includes amounts receivable from insurers of \u00A33.0m (2025: \u00A34.5m), see note 17, and secured, interest bearing loans made to Scout Groups. The loans are repayable as shown below.\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/cbwaliuc/repayable-loans.png","width":781,"height":131,"altText":"A table showing repayable loans.","caption":"","link":{"name":"Repayable Loans","id":null,"url":"https://prod-cms.scouts.org.uk//media/cbwaliuc/repayable-loans.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E16. Creditors\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/z1gkmqm5/creditors.png","width":786,"height":218,"altText":"A table showing creditors.","caption":"","link":{"name":"Creditors","id":null,"url":"https://prod-cms.scouts.org.uk//media/z1gkmqm5/creditors.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E17. Provisions for liabilities and contingent liabilities\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/imrfmadv/provisions-for-liabilities-and-contingent-liabilities.png","width":787,"height":329,"altText":"A table showing Provisions for liabilities and contingent liabilities.","caption":"","link":{"name":"Provisions For Liabilities And Contingent Liabilities","id":null,"url":"https://prod-cms.scouts.org.uk//media/imrfmadv/provisions-for-liabilities-and-contingent-liabilities.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe provision utilised, released and additional provision are shown net of provisions raised and released during the year.\u003C/p\u003E\n\u003Cp\u003EThe Association puts young people first and their safeguarding and safety is paramount, but with the nature of our work there are claims made against the Association. Taking account of legal advice, provision is made on a best estimates basis for those claims of 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 they can be reliably measured. Such claims are covered in part by commercial insurance policies. The amount receivable from insurers of \u00A33.0m (2025: \u00A34.5m) 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 2026. 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 significant financial risk to the Association.\u003C/p\u003E\n\u003Cp\u003EAs noted in previous years, The Association has been subject to regulatory investigations relating to health and safety matters. The Health and Safety Executive (HSE) has recently sent a Notification of Contravention (\u201CNOC\u201D) letter sent under the Fee for Intervention scheme advising that they have identified contraventions of health and safety law and requiring The Association to remediate those matters.\u003C/p\u003E\n\u003Cp\u003EAn initial review indicates that the contraventions identified largely mirror the findings in the Coroner\u2019s Prevention of Future Deaths Notice issued following Great Orme. The service of a NOC triggers a requirement for the duty-holder, the Association to pay the costs incurred in identifying the breach, helping remediation, investigating and taking enforcement action. HSE have not indicated what their total costs are to date but based on their standard hourly rate such costs are not expected to be material to the financial statements. More significantly, the letter makes clear that it is an \u201Congoing investigation\u201D and therefore prosecution or other enforcement action is yet to be considered. HSE have however not indicated at this stage what further action they might take and therefore it is not possible to assess any financial liabilities that might arise from such actions.\u003C/p\u003E\n\u003Ch3\u003E18. Fund Balances\u003C/h3\u003E\n\u003Cp\u003E\u003Cstrong\u003Ea. Reconciliation of movement in funds\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/yyli5s0k/reconciliation-of-movement-in-funds.png","width":627,"height":818,"altText":"A table showing reconciliation of movement in funds.","caption":"","link":{"name":"Reconciliation Of Movement In Funds","id":null,"url":"https://prod-cms.scouts.org.uk//media/yyli5s0k/reconciliation-of-movement-in-funds.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003Ea. Reconciliation of movement in funds for 2024/25\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/iupepihs/reconciliation-of-movement-in-funds-for-2024-25.png","width":627,"height":816,"altText":"A table showing reconciliation of movement in funds for 2024/25.","caption":"","link":{"name":"Reconciliation Of Movement In Funds For 2024 25","id":null,"url":"https://prod-cms.scouts.org.uk//media/iupepihs/reconciliation-of-movement-in-funds-for-2024-25.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003E\u003Cstrong\u003Eb. Endowment funds - Consolidated and the Association\u003Cbr\u003E\u003C/strong\u003EEndowment funds include the 1914 Endowment Fund, the King George VI Leadership Fund and 8 (2025: 6) other funds administered by the Association. Income from the 1914 Endowment Fund and two others is unrestricted and credited to the General Fund. Income from the King George VI Leadership Fund and three others is restricted and income from the remaining fund is paid to an external Scouting beneficiary. \u0026nbsp;\u003Cstrong\u003E\u003Cbr\u003E\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Ec. Restricted funds - Consolidated and the Association\u003C/strong\u003E\u003Cbr\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 \u00A32.4m (2025: \u00A33.5m). This is funding which is being used for Squirrels 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 a specific purposes. The movements in the year were due to payments of legacies to Scout Groups chosen by donors of \u00A330,045. There was also a legacy received, which was \u00A3180,000 lower than accrued for in a previous financial year.\u003C/p\u003E\n\u003Cp\u003EThe Government\u2019s Department for Digital, Culture, Media and Sport (DCMS) awarded funding to Scouts from their Uniformed Youth Fund. We will use this funding to support growth across the Scouts and Explorers Sections and create 7,250 new places for 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 taster sessions, build programme capacity and help set up new Sections to reduce waiting lists. \u0026nbsp;\u003C/li\u003E\n\u003Cli\u003ERecruit dedicated Community Marketing staff to work alongside volunteers in these areas and the new Growth and Communities team\u003C/li\u003E\n\u003Cli\u003EContinue our work to transform the Volunteer Experience to make sure volunteers feel valued and supported\u0026nbsp;\u003C/li\u003E\n\u003Cli\u003EContinue work to improve data and youth insights \u0026nbsp;\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 \u003Ca href=\u0022/volunteers/running-things-locally/grants-and-funds-for-your-local-group/\u0022 title=\u0022Grants and funds for your local group\u0022\u003Ewww.scouts.org.uk/grants\u003C/a\u003E.\u003C/p\u003E\n\u003Cp\u003E\u003Cstrong\u003Ed. Designated funds - Consolidated and the Association\u003C/strong\u003E\u003Cbr\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\u003E\u003Cstrong\u003Ee. Analysis of net assets between funds\u003C/strong\u003E\u003C/p\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/oukcmhdt/analysis-of-net-assets-between-funds.png","width":628,"height":411,"altText":"A table showing analysis of net assets between funds.","caption":"","link":{"name":"Analysis Of Net Assets Between Funds","id":null,"url":"https://prod-cms.scouts.org.uk//media/oukcmhdt/analysis-of-net-assets-between-funds.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Ch3\u003E19. Other financial commitments and authorised expenditure\u003C/h3\u003E","gtmId":"","gtmClass":""},{"gridType":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/novazxrc/other-financial-commitments-and-authorised-expenditure.png","width":786,"height":183,"altText":"A table showing other financial commitments and authorised expenditure.","caption":"","link":{"name":"Other Financial Commitments And Authorised Expenditure","id":null,"url":"https://prod-cms.scouts.org.uk//media/novazxrc/other-financial-commitments-and-authorised-expenditure.png","newWindow":false,"target":"_blank"}},{"gridType":"RichTextBlock","content":"\u003Cp\u003EThe total lease payments, included within the financial statements for the year were \u00A3128,961 (2025: \u00A3185,338).\u003C/p\u003E\n\u003Cp\u003EAt 31 March 2026, there was capital expenditure authorised but not provided for in the financial statements of \u00A343,682 \u0026nbsp;(2025: \u00A3nil).\u0026nbsp;\u003C/p\u003E\n\u003Ch3\u003E20. Events occurring after the reporting period\u003C/h3\u003E\n\u003Cp\u003ESubsequent to the balance sheet date, The Association entered into a legally binding contract for the construction of a new warehouse in Lancing. The total contract value is \u00A34.3m, with work expected to commence in August 2026. As this transaction relates to conditions that arose after the reporting date, it has been treated as a non-adjusting post balance sheet event and is therefore not reflected in the amounts recognised in the financial statements as at 31st March 2026. The commitment will be accounted for in future periods as the project progresses.\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":"imageWithLink","gtmId":"","gtmClass":"","image":"/media/0f4judyh/related-party-transactions.png","width":788,"height":451,"altText":"A table showing related party transactions.","caption":"","link":{"name":"Related Party Transactions","id":null,"url":"https://prod-cms.scouts.org.uk//media/0f4judyh/related-party-transactions.png","newWindow":false,"target":"_blank"}}]}],"config":null}]},"prev":{"link":"/about-us/our-impacts-and-reports/scouts-annual-report-2025-26/statement-of-cash-flows/","title":"Statement of cash 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