|||||Page|
|---|---|---|---|---|
|Report ofthe Trustees||||3|
||Reference and Administrative||Details||
|Structure,<br>Governance||and Management|||
||Aims and Strategic||Planning||
||Achievement|and Performance|||
||Future Developments|||16|
|||Financial|Review|17|
|||Reserves<br>Policy||17|
||Statement<br>ofTrustees'|Responsibilities||18|
|Statement as to Disclosure||of Information<br>to||18|
||||Auditors||
|Report of|the Independent<br>Auditors|||19|
|Statement|of Financial Activities|||23|
|Balance Sheet||||24|
|Notes to the Financial Statements||||26|
|Detailed Statement<br>of Financial||Activities||32|





## 

|Registered<br>Company|Registered<br>Office|Registered<br>Charity|
|---|---|---|
|Number|Guildford<br>Institute|Number|
|6571640|Ward Street|1125031|
|(England<br>and Wales)|Guildford||
||GU1 4LH||



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## 

||||Unrestricted|Designated|Restricted|31.07.21|31.07.20|
|---|---|---|---|---|---|---|---|
|||z<br>0|funds<br>f|funds<br>f|funds<br>f|Total funds<br>f|Total funds<br>f|
|Income from:||||||||
|Donations|and legacies|2|19,355||37|19,392|53,670|
|Charitable|activities:|3|60,436|||60,436|100,471|
|Other trading activities||4|109,571|||109,571|173,464|
|Investments||5|1,361|||1,361|1,696|
|Other||6|42,303|||42,303|38,994|
|Total|||233,0N|||233,0H|ggS~g|
|Expenditure|on:|||||||
|Charitable|activities:||230,345|||230,345|289,826|
|.Total|||230,345.|||@0946|ggi~b.|
|Net income<br>Transfers between funds<br>~xiii.~||16|2,681||37|2,718|78,469|
|Reconciliation offunds||||||||
|Total funds|brought||493,284|75,000|469,975|1,038,259|959,790|
|forward||||||||
|'V41tp~||||||||
||=r'|||||||





## 

|B|alance S|heet a||tas|st July 202|1||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Oesrgnated|Restricted||31.07.21|||31.0720|
|||||z<br>O|funds<br>f||funds<br>f|funds<br>f||Totalfunds<br>f|||Total funds<br>f|
|Fixed assets:||||||||||||||
|Tangible assets<br>70taff@ed"rirgsets|||'|12|252,983<br>252,%83:: '|||451,061<br>:,; ";4514661|||704,044<br>.004,04'4'||698,809<br>698:,809'|
|Current assets:||||||||||||||
|Stocks|||||1,259||||||1,259||1,456|
|Debtors||||13|20,915|||37|||20,952||15,449|
|Cash at bank and in hand|||||313,497||75,000|18,914|||407,411||406,235|
||Tetrr1.currerlt|r'rssets|||395~571||'75',OQQ|18,951|||429rSM,||~ 4R'3r140|
|Liabilities:||||||||||||||
|Creditors: <br>due within|Amounts<br>falling<br> one year|||14|(78,701)||||||(78,701)||(67,887)|
||IVet-Cqnfeat|QaFets|||r258&$10||75„000|18j951-:|||950+24|i i|'<br>',850&8rr'9|
|Fetej@~,e~~ejt||||.|5(QI~$$||.'VS,0QO:|||;X~sQL5::,|||,y'1~~0+|
|Creditors:|Amounts<br>falling|||||||||||||
|due after more than one||||15|(13,988)||||||(13,988)||(15,803)|
|year||||||||||||||
|n|'TOt(at~i',|rgdsats||.|455trfQ)r=|||||l1,'0'rLQj9Q||**'**|,'I,Q8,8,'-:259'i|
|The funds|ofthe charity:|||16||||||||||
|Unrestricted<br>funds:||||||||||||||
||General|fund|||495,965||||||495,965|||
||Designated|funds|||||75,000|||||||
||||||||||||75,000||75,00C|
|:.Tiitir'f:ti~it'I'WP(i&ik;|||||—"955,'$05|—|~T5'lOOO|||$7Q+6%,|||5)Miry'it. .|
|Restricted|funds:|||16||||||||||
||Building|funds||||||470,012|||470,012|||
|||~sr=|||~95~955 .|:''A'~'"||i '' -lit~@|—|~!X||||
|||||The|notes form part|ofthese financial statements||||||||








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## 

|||||||||31.07.21|31.07.20||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||f|f||
|Donations||||||||1,173|2,314||
|Building|fund||donations|||||37|1,356||
|Legacy||||||||18,182|50,000||
|||||||||1$,-392|53,670||
|Charitable||activities - income|||||||||
|||||||||31.07.21|31.07.20||
|||||||Activity|||f||
|Library||||||Library|||||
|Institute|Activities|||||Institute|Activities|1,109|11,238||
|Courses||||||Courses||59,327|89,233||
|||||||||MA.S|f9047X||
|Other trading||||activities||- income|||||
|||||||||31.07.21|31.07.20||
|||||||Activity||f|f||
|Bar||||||Bar||74|10,548||
|Room and Equipment||||||Bar||1,303|4,580||
|Hire|||||||||||
|Annual|Membership|||||General|Activities|15,235|16,288||
|Lifetime|Membership|||||General|Activities|916|916||
|Other Income||||||General|Activities|378|367||
|Room and Equipment||||||Premises||3,793|36,792||
|Hire|||||||||||
|Rental Income<br>'t'<br>II/~**I**~<br>~ —.1.<br>I<br>—:||||||Premises<br>~~n"||87,872<br>~)<br>.<br>.|103,973<br>. ri=,~,i||
|Investments|||||||||||
|||||||||31.07.21|31.07.20||
|||||||||f|f||
|Deposit|account|||||||1,361|1,696||
|interest||||||||' '.9~%1!'' --'::%p595.||'|
|Other Income|||||||||||
|||||||||31.07.21|31.07.20||
|||||||||f|f||
|Grants receivable-||||||||42,303|38,994||
|government||grants|||||||||



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## 

## 

||||31.07.21|31.07.20|
|---|---|---|---|---|
||||E|E|
|Wages and salaries|||123,813|129,819|
|Pension contributions<br>to<br>direct contribution<br>scheme|||3,879|4,418|
|Social Security costs|||5,037|6,337|
||||132,729|140,574|





## 

## 

|12.Fixed assets —Tang|ible a|ssets|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Freehold|Furniture||||Computer||||Totals|
||||property|&Fixtures|||equipment<br>f||||||
|COST|||||||||||||
|At 1August 2020|||696,587|29,400|||||23,261|||749,248|
|Additions||||7,493|||||750|||8,243|
|Disposals|||||||||||||
|At 31July 2021|||696,587|36,893|||||24,011|||757,491|
|DEPRECIATION|||||||||||||
|At 1August 2020||||27,661|||||22,778|||50,439|
|Charge for year||||2,641|||||367|||3,008|
|Disposals|||||||||||||
|At 31July 2021||||30,302|||||23,145|||53,447|
|NET BOOK VALUE|||||||||||||
||||||||||)'.—,<br>I||||
|+t31July 2021|||696587|6591||'|||'<br>''866|'|(|704044|
||||696'587|i1739|||'|'|-<br>483|-|—,»|698809|
||||I )' c'|—- LPII|I|II|'||le<br>PI~JIIJWI||~||
|13.Debtors|||||||||||||
||||||||||31.07.21|||31.07.20|
||||||||||||f|f|
|Trade debtors||||||||||3,981||224|
|Other debtors||||||||||7,728||12,607|
|P repayments|||||||||9,243<br>r"'l'!~~20s952 .'|||2,618<br>15,'449.|
|14.Creditors: Amounts|falling|due within|one year||||||||||
||||||||||31.07.21|||31.07.20|
||||||||||f|||f|
|Deferred income|||||||||39,318|||25,287|
|Accrued expenses|||||||||12,752|||15,399|
|Other creditors||IF<br>'1|I|||||.<br>'|26,631<br> ."78,r7~01|27,201<br> ~@7'.&,67,r887j|||





## 

## 

|||31.07.21|31.07.20|
|---|---|---|---|
|||E|E|
|Building <br>Lifetime|project loans<br> Members|12,000<br>1,988|13,000<br>2,803|
|||13,988|15,803|



## 

|||||Net|Transfers|Transfers||||
|---|---|---|---|---|---|---|---|---|---|
|||At|movement||between||||At|
|||01.08.20|in|funds|funds|||31.07.21||
|||E||E|E||||E|
|Unrestricted<br>funds||||||||||
|General fund<br>Designated<br>funds<br>Restricted funds||493,284<br>75,000||2,681|||||495,965<br>75,000|
|Building fund<br>TGTAL'FUNDS||469,975<br>1,'038,259 .||37<br>2,718|i<br>'|-|—<br> ~-|470,012<br>1,040,977||
|Net movement|in funds, included|in the above, is as follows:||||||||
||||Income<br>E||Expenditure<br>E|||Movement<br>in funds||
||||||||||E|
|Unrestricted<br>funds||||||||||
|General fund<br>Designated<br>funds|||233,026||(230,345)||||2,681|
|Restricted funds|||233,026||(230,345)||||2,681|
|Building fund||||37|||||37|
||||';233vQ63,||i...'(230~345)|||.|~r2718,|



## 



## 

## 

## 

||||Unrestricted|Designated|Restricted|||31.07.20|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds|||Total funds|
||||f|f|f|||f|
|Income from:|||||||||
|Donations<br>and legacies|||52,314||1,356|||53,670|
|Charitable<br>activities:|||100,471|||||100,471|
|Other trading activities|||173,464|||||173,464|
|Investments|||1,696|||||1,696|
|Other<br>Tota'I|||38,994<br>366,939||':.<br>,:,1,35,6 i|||38,994<br>368,295|
|Expenditure<br>on:|||||||||
|Charitable<br>activities:<br>Totaf, "<br>. ' 'i|||289,476<br>. 289,4?6||350<br>350' r.'I||'|289,826<br>z.289i826|
|Net income/(expenditure)|||77,463||1,006|||78,469|
|Transfers between<br>funds<br>'iN'etimovement<br>in fui'nds|||(74,969)<br>z;r94 '|74,969<br> ';;—:74ass,'~'~cod-',|||::—.;—,:-zs46s||
|Reconciliation<br>offunds:|||||||||
|Total funds brought forward|||490,790|31|468,969|||959,790|
|,ITotai~funds carried forward|' '|.|' "493;284="|~ 75,000|.„,'44'69,975|-|~1~038,259,||





## 

|Detailed statement|Detailed statement|of|Financial Activities|for the Year Ended 31|stJuly 2|
|---|---|---|---|---|---|
|INCOMING<br>RESOURCES||||31.07.21<br>E|31.07.20<br>f|
|Voluntary<br>income||||||
|Donations||||1,173|2,314|
|Building fund donations||||37|1,356|
|Legacy||||18,182|50,000|
|||||19,:398|.69,"679|
|Investment<br>income||||||
|Deposit account interest||||1,361|1,696|
|||||1,96i|-'%,696|
|Income from charitable||activities||||
|Institute<br>activities||||1,109|11,238|
|Courses||||59,327|89,233|
|Library||||||
|||||'69,+'6||
|Income from other trading activities||||||
|Bar||||74|10,548|
|Room and equipment|hire|||5,096|41,372|
|Annual<br>Membership||||15,235|16,288|
|Lifetime Membership||||916|916|
|Rental income||||87,872|103,973|
|Other income||||378|367|
|Other income||||||
|Grants receivable- government|||grants|42,303|38,994<br>~j4J|
|Expenditure||||||
|Wages and salaries||||123,813|129,819|
|Pension<br>contributions||||3,879|4,418|
|Social security||||5,037|6,337|
|Temporary<br>staff|||||30|
|Water||||118|756|
|Insurance||||2,128|2,126|
|Light and heat||||1,025|9,280|
|Telephone||||2,597|4,715|
|Postage and stationery||||1,756|2,955|
|Advertising||||6,105|12,350|
|ITand website costs||||9,066|8,172|
|BAlANCE CARRIED FORWARD||||||
|||||155,524|180,958|





|||31.07.21|31.07.20|
|---|---|---|---|
|||f|f|
|Expenditure-continued||||
|BALANCE BROUGHT FORWARD||155,524|180,958|
|Books||56|1,808|
|Newspapers|||648|
|Photocopying||723|2,738|
|Subscriptions||110|80|
|Equipment||1,482|1,211|
|Travel||244|601|
|Bar supplies||736|4,832|
|Other costs||926|710|
|Licences||609|325|
|Cleaning||5,118|8,414|
|Training<br>and recruitment||1,200|1,261|
|Institute<br>activities||285|5,633|
|Tutor fees||26,827|33,978|
|Repairs and renewals||10,642|19,866|
|Furniture<br>and Fixtures|depreciation|2,641|4,330|
|Computer<br>equipment|depreciation|367|888|
|Bank charges||2,957|2,134|
|Bad debts|||404|
|AGM expenses|||15|
|Accountancy||5,311|3,345|
|Legal and professional|fees|10,387|11,447|
|Auditors'<br>remuneration||4,200|4,200|
|%@IRP~ft@8'rr|||@S~|
|fiSef4hgtBfte!||i %~@8'||