Hi Rick. Welcome to HTF!
I'm afraid you may have confused a lot of our members with the 'scart' reference and the fact we are not too familar with equipment available in GB.
Well lets get down to a few things:
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I already have speakers with the rca connectors
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Thats a problem. Only speakers that come as part of a propritary set have RCA connectors. Generally - line-level signals travel over RCA cables, but speaker-level signals go over speaker wire.
If you bought a modest HT receiver - this will have binding-posts for speaker wires which wont mate to your speakers.
So you are looking at both a receiver and speaker upgrade.
Your best bet is to search the GB version of CraigsList or eBay for someone selling off his older, but more general system. Look for a receiver by Yamaha, Kenwood, Denon. Be very careful about Sony/Pioneer. They have a few good receivers, but a lot of crappy ones as well.
Speakers: you want to find someone who has 5 speakers all from the same manufacturer. A lot of newbies have a stereo system, then add in some other center & rear speakers all from mixed brands. This is bad because even if all the speakers are well-respected, the sound will change as sounds move around and blow the surround experience.
(Your set of inexpensive Philips speakers is actually a better setup than using a mix of more expensive speakers.)
Ideally - you want a used set with a self-powered subwoofer. This leaves the receiver all it's power to drive the other 5 speakers and takes a great load off of it.
Option 2: Does your Phillips have a composite and L/R connectors for INPUTS? If so, consider just buying a 4-1 switch box. Hook everything to this switch box and feed the Philips unit. You wont get the DD sound from the xBox but it will work.
If the Phillips has a optical input - hook up the optional toslink optical cable from the xBox to this input for surround sound from your games.
(Mental Note: I just got a 360 myself and I should do this. I just have to get the daughters away from Lego StarWars long enough...)
Hope this helps.