Where the money goes

 

The Group is self financing.

Income sources:

"Subs"

Members pay a quarterly subscription of £22 which covers all day to day running costs including:

  • Their annual membership subscriptions to central Scottish and UK HQ's
  • The costs of providing all sectional weekly meetings and associated expenses
  • Cost of badges
  • Running costs of the Group's building including heat/light, lease, insurance, maintenance etc
  • Books and training materials including costs for leader training
  • Replacing damaged/worn out equipment

The subscription amount is reviewed annually now that we own and finance our own building and following our decision to restrict fund raising activities (see below)

Full details of the Group Finances are reported at the AGM each year.

Planned Giving

In addition to income from "subs" we operate a Planned Giving scheme (Gift Aid) whereby we can recover standard rate tax from Inland Revenue on subscriptions paid (provided a parent is paying income tax at standard rates). Please fill out a form (ask your Section Leader) if you haven't already done so.

200 Club

A long established "200 Club" also contributes to the funds. Please see the link on the left for more details.

Additional charges

In addition to their quarterly "subs" members are expected to pay:

  • The costs of their camps and some trips (others are at times paid for out of the subs).
  • A new starter fee is charged to cover the Group's costs for providing a group necker, award scheme handbooks and a set of joining badges.
  • Members are also expected to pay for their own uniforms.

Fundraising events

The question of fundraising activities within the Group has been reviewed and it was decided that we would not engage in events to boost our Group funds.  Instead an economic "sub" will in future be charged.

A prime factor behind the decision to move away from fundraising events was the concern that in the past fundraising effort was not equally shared across the Group.

However fundraising activities may still be arranged when there is a specific project or camp being funded e.g. an overseas trip and participants agree to raise money for the event.  In which case, the event organisers will usually restrict the proceeds of any event to those who help/participate in the fund raiser.

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