Notes for Group Treasurers
This page contains hopefully some useful links to resources relating to the finances of a scout group.
As per POR 5.7.2.2, please send a copy of the group’s accounts and scrutineer’s report to the district treasurer within the 14 days following the relevant Annual General Meeting at which the annual report and accounts were received and considered. This saves me guessing when the AGM has been held and then pestering the group chair to send them to me.
Here you will find A Guide for the Group Treasurer (opens in a new tab)
What POR has to say regarding Group Finances (opens in a new tab)
Model statements for the annual statement of accounts (opens in a new tab).
Independent Scrutiny of accounts: When it comes to an independent examination of the group’s accounts most groups will need to use the Scrutineer’s report to the trustees (opens in a new tab).
The Scout Association provide guidance for selecting someone to scrutinise your accounts. In sumary, “an examiner must be independent of the charity whose accounts are being reviewed. Independence means that the examiner is not influenced, or perceived to be, by either close personal relationships with the trustees of the charity or by a day to day involvement in the administration of the charity being examined.” A parent of a young person attending a section could meet this criteria.
Raising money:
- Gift Aid
- HMRC will give the group 25p for every pound given to the group in subs by tax paying parents.
- Guidance explaining how to setup a group for Collecting Gift Aid
- Savings accounts
- If the group has savings then this site is useful to see what savings rates are available – https://moneyfactscompare.co.uk/business/charity-account/
- As a district, we save with Skipton Building Society, who have a branch in St Annes, and we save with Unity Trust.