2022-07-31-accounts - The Guildford Institute

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees
liidepen'dent &canji'nei's Report
Statement ofFinancial Activities		18
		19foEQ
Notes to the Financial Statements	i	21 to28
Detailed Statement ofFinancial	'	29to-30
Activities

Our Yearata	Glance - KeyFacts
	We organised over 200 activities this year as part of our
Guildford	programme offer
Institute	Over 1,800 different individuals took part in the above-
Activities	mentioned activities during the year
	45%ofour sessions were available for people to join from home
Community	Our room hire offering was used by 54 different charities and
Groups	non-profit organisations this year, with many ofthese groups
	being regular hirers
Ethical Service	The second-floor ofour venue was the permanent home of25
Providers Based	different ethical service providers, including counsellors, family
in our Building	mediators and environmental consultants
Our Anniversary	We celebrated 130years of being in our Ward Street home
Volunteers	We worked with 30volunteers on a regular basis. Two ofour
	volunteers celebrated their 10-year anniversary with us this year
Patrons	We gained three new patrons this year: Professor Jim Al-Khalili
	CBEFRS, Sara Crowe and Blake Morrison FRSL

Funds, a subset ofthe total Unrestricted Funds. Funds:	The following is an	analysis ofthe
The Guild ord Institute's Desi noted Pand D eratin Reserve		f90,000
Loss of Revenue from Losin RBSas a tenant		f180,000
Addressin Dam Issues in the Listed Buildin		f140.000
Re lacin an A in Server/Mi ratin to the Cloud Furniture Renewal Pro ramme in Meetin and Lecture Rooms		f20,000 f30,000
New External Si na e to Im rove the Visibilit Redecoratin the Listed Buildin, Internall and Total Desi noted Funds asat3/ Jul 2022	ofthe Institute Externall	f10,000 f30,000 f500,000

			for the Year	Ended 31Jul 20	22
						31.7.22	31.7.21
				Unrestricted	Restricted	Tota I	Tata I
				funds	fund	funds	funds
			Notes	E	E	f	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies				8,098	100	8,198	23,415
Charitable activities
Institute Activities				9,526		9,526	1,109
Courses				86,522		86,522	59,327
Other trading activities				162,425		162,425	105,548
Investment income				885		885	1,361
Other income				4,555	12,200	16,755	42,303
Total				272,011	12,300	284,311	233,063
EXPENDITURE ON
Charitable activities
Library				698	2,970	3,668	2,032
Institute Activities				4,750		4,750	285
Bar				3,790		3,790	736
Courses				34,450		34,450	27,899
General Activities				209,420	6,364	215,784	181,412
Premises				43,381		43,381	17,981
Total				296,489	9,334	305,823	230,345
NET INCOME/(EXPENDITURE)				(24,478)	2,966	(21,512)	2,718
RECONCILIATION	OF FUNDS
Total funds brought forward				570,965	470,012	1,040,977	1,038,259
TOTAL FUNDS CARRIED FORWARD				546,487	472,978	1,019,465	1,040,977

B	alance She	et for 31Jul 202	2
				31.7.22	31.7.21
		Unrestricted	Restricted	Tota I	Total
		funds	fund	funds	funds
	Notes	f	f	f	f
FIXEDASSETS
Tangible assets		250,146	452,290	702,436	704,044
CURRENT ASSETS
Stocks	9	1,909		1,909	1,259
Debtors	10	25,802		25,802	20,952
Cash at bank		365,932	20,688	386,620	407,412
		393,643	20,688	414,331	429,623
CREDITORS
Amounts falling due within one year		(94,396)		(94,396)	(78,702)
NET CURRENT ASSETS		299,247	20,688	319,935	350,921
TOTAL ASSETS LESSCURRENT LIABILITIES		549,393	472,978	1,022,371	1,054,965
CREDITORS
Amounts falling due after more than one year	12	(2,906)		(2,906)	(13,988)
NET ASSETS		546,487	472,978	1,019,465	1,040,977
FUNDS	14
Unrestricted funds				546,487	570,965
Restricted funds				472,978	470,012
TOTALFUNDS				1,019,465	1,040,977

					31.7.22	31.7.21
					E	E
	Room and Equipment	Hire			37,169	5,096
	Annual Membership				10,421	11,212
	Bar				6,298	74
	Rental Income				101,619	87,872
	Lifetime Membership				984	916
	Other Income				108	37&
	Redecoration contribution		from RBS		5,826
					162,425	105,548
3.	INVESTMENT INCOME
					31.7.22	31.7.21
					f	E
	Deposit account interest				885	1,361
4.	NET INCOME/(EXPENDITURE)
	Net Income/ (expenditure)		is stated after crediting/charging:		31.07.22	31.07.21
					E	E
	Grants receivable: government				12,555	42,303
	Grants receivable: library redevelopment				4,200
	Remuneration payable	to auditors: for audit service				4,200
	Remuneration payable	to auditors: for accountancy		services		3,840
	Independent Examiner's fee				1,800
	Depreciation - owned assets				4,089	3,008

STAFF COS	TS
				31.7.22	31.7.21
				E	E
Wages and	salaries			131,880	123,813
Social security costs				5,607	5,037
Other pension costs				4,535	3,879
				142,022	132,729
The average	monthly	number ofemployees	during the year was as follows:
				31.7.22	31.7.21
Managerial	and administrative			6	6

COMPARATIVES FOR THE STA	TEMENT OF FINANCIAL	ACTIVITIES
		Unrestricted	Restricted	Tota I
		funds	fund	funds
		E	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		23,378	37	23,415
Charitable activities
Institute Activities		1,109		1,109
Courses		59,327		59,327
Other trading activities		105,548		105,548
Investment income		1,361		1,361
Other income		42,303		42,303
Total		233,026	37	233,063
EXPENDITURE ON
Charitable activities
Library		2,032		2,032
Institute Activities		285		285
Bar		736		736
Courses		27,899		27,899
General Activities		181,412		181,412
Premises		17,981		17,981
Total		230,345		230,345
NET INCOME		2,681	37	2,718

	Notes to the Financial Stateme - n inued for the Year Ended 31Jul 2022	Notes to the Financial Stateme - n inued for the Year Ended 31Jul 2022	Notes to the Financial Stateme - n inued for the Year Ended 31Jul 2022	Notes to the Financial Stateme - n inued for the Year Ended 31Jul 2022
	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				funds	fund	funds
				E	f	f
	RECONCILIATION	OF FUNDS
	Total funds brought		forward	568,284	469,975	1,038,259
	TOTAL FUNDS CARRIED FORWARD			570,965	470,012	1,040,977
8.	TANGIBLE FIXEDASSETS
				Fixtures
			Freehold	and	Computer
			property f	fittings E	equipment E	Tota Is E
	COST
	At 1August 2021		696,587	36,893	24,011	757,491
	Additions			1,731	750	2,481
	At 31July 2022		696,587	38,624	24,761	759,972
	DEPRECIATION
	At 1August 2021			30,302	23,145	53,447
	Charge for year			3,555	534	4,089
	At 31July 2022			33,857	23,679	57,536
	NET BOOK VALUE
	At 31July 2022		696,587	4,767	1,082	702,436
	At 31July 2021		696,587	6,591	866	704044
9.	STOCKS
					31.7.22	31.7.21
					E	f
	Barand other supplies				1,909	1,259

			31.7.22	31.7.21
			E	f
Trade debtors			12,878	3,981
Other debtors			4,341	7,728
Prepayments	and accrued income		8,583	9,243
			25,802	20,952
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			31.7.22	31.7.21
			E	E
Trade creditors			3,311	2,326
Social security	and other	taxes	3,614	1,787
Other creditors			1,214	1,519
Building project loans			31,000	21,000
Accruals and	deferred income		28,453	39,318
Accrued expenses			26,804	12,752
			94,396	78,702

CREDITORS: AMO	UNT	S FALLING DUE AFTER MORE THAN	ONE YEAR
			31.7.22	31.7.21
			E	E
Other loans (see	note	13)	1,000	12,000
Lifetime members	due	&1year	1,906	1,988
			2,906	13,988

An analysis ofthe maturity ofloans is given below:	An analysis ofthe maturity ofloans is given below:	An analysis ofthe maturity ofloans is given below:
					31.7.22	31.7.21
					E	f
Amounts falling	between one and	two years:
Building loans due 1-2years					1,000	11,000
Amounts falling	due between two	and five years:
Building loans due 2-5 years						1,000
MOVEMENT IN	FUNDS
				Net	Transfers
				movement	between	At
			At 1.8.21	in funds	funds	31.7.22
			E	f	f	E
Unrestricted funds
General fund			495,965	(24,478)	(425,000)	46,487
Designated Funds			75,000		425,000	500,000
			570,965	(24,478)		546,487
Restricted funds
Building Funds			470,012	2,966		472,978
TOTALFUNDS			1,040,977	(21,512)	-	1,019,465
Net movement	in funds, included	in the above are	as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	f
Unrestricted funds
General fund				272,011	(296,489)	(24,478)
Restricted funds
Building Funds				12,300	(9,334)	2,966
TOTALFUNDS				284,311	(305,823)	(21,512)

Compar	ative	s for movement in funds
				Net
				movement	At
			At 1.8.20	in funds	31.7.21
			E	E	E
Unrestricted		funds
General	fund		493,284	2,681	495,965
Designated		Funds	75,000		75,000
			568,284	2,681	570,965
Restricted funds
Building	Funds		469,975	37	470,012
TOTALFUNDS			1,038,259	2,718	1,040,977

				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	6
Unrestricted funds
General	fund			233,026	(230,345)	2,681
Restricted funds
Building	Funds			37		37
TOTALFUNDS				233,063	(230,345)	2,718
A current	year 12 months and prior year 12months combined		position	is as follows:
				Net	Transfers
			movement		between	At
		At 1.8.20		in funds	funds	31.7.22
		E		f	E	f
Unrestricted funds
General	fund	493,284		(21,797)	(425,000)	46,487
Designated Funds		75,000			425,000	500,000
		568,284		(21,797)		546,487
Restricted funds
Building	Funds	469,975		3,003		472,978
TOTAL FUNDS		1,038,259		(18,794)		1,019,465

						Incoming	Resources	Movement	Movement
						resources	expended	in	funds
						E	E		E
Unrestricted funds
General fund						505,037	(526,B34)	(21,797)
Restricted funds
Building Funds						12,337	(9,334)		3,003
TOTAL FUNDS						517,374	(536,168)	(1B,794)
Designated Funds
These comprise the	following	items:
								E
Operating Reserve									90,000
Loss of Revenue from Losing RBS			as a tenant					180,000
Addressing Damp Issues in the		Listed		Building				140,000
Replacing an Aging	Server/Migrating			to the	Cloud				20,000
Furniture Renewal	Programme	in	Meeting and Lecture Rooms						30,000
New External Signage to Improve			the Visibility ofthe Institute			E10,000			10,000
Redecorating the Listed Building,			Internally		and Externally				30,000
Total designated funds as at 31July 2022								500,000

			Detailed Statement ofFinancial	Activities
			for the Year Ended 31iul	2022
					31.7.22	31.7.21
					E	E
INCOME AND	ENDOWMENTS
Donations and legacies
Donations					1,779	1,173
Gift aid					(624)	4,060
Legacies					7,043	18,182
					8,198	23,415
Other trading	activities
Room and Equipment		Hire			37,169	5,096
Annual Membership					10,421	11,212
Rar					6,298	74
Rentallncome					101,619	87,872
Lifetime Membership					984	916
Other Income					108	378
Redecoration	contribution				5,826
					162,425	105,548
Investment income
Deposit account interest					885	1,361
Charitable activities
Institute Activities					9,526	1,109
Courses					86,522	59,327
					96,048	60,436
Other income
Government grants					12,555	42,303
Library redevelopment		grant			4,200
					16,755	42,303
Total incoming	resources				284,311	233,063
EXPENDITURE
Charitable activities
Wages					131,880	123,813
Social security					5,607	5,037
Carried forward					137,487	128,850

				' ed Statement	i	I A tivities
				for the Year Ended	31Jul	2022
							31.7.22f	31.7.21 f
Charitable activities
Brought forward							137,487	128,850
Pensions							4,535	3,879
Rates and water							925	118
Insurance							2,340	2,128
Light and heat							10,155	1,025
Telephone							4,074	2,597
Postage and	stationery						4,788	1,756
Advertising							16,274	6,105
ITand website costs							10,694	9,066
Books								56
Photocopying							620	723
Subscriptions							80	110
Equipment							1,710	1,482
Travel							639	244
Bar supplies							3,182	736
Other costs							1,845	926
Licences							426	609
Cleaning							10,271	5,118
Training &recruitment							931	1,200
Institute activities							5,565	285
Tutor fees							33,835	26,827
Repairs and renewals							21,016	10,642
Bank charges							2,928	2,957
Accountancy							5,228	5,311
Legal and professional		fees					20,388	10,387
Audit fees								4,200
Independent	Examination		fee				1,800
Fixtures and	fittings						3,554	2,641
Computer equipment							533	367
							305,823	230,345
Total resources expended							305,823	230,345
Net (expenditure)/income							(21512)	2,718