|||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|||
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|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|
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|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|
##
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##
||||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|
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||||||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|
##
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|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|
##
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##
|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)|
##
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##
|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|
|||||0|' ed Statement|o|i|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|