Association of Mountalneerin Instructors A Company Limited by Guarantee Charity Registration No. l 184567 Company Registered in England No. 08014488 Report and Unaudited Financial Statements Year ended 31 March 2022 *A81DK6XS" 07112r2022 COMPANIES HOUSE A18
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Association of Mountainee Statu5: Company Limited by Guaraniee No. 08014488 The Companvs governing documeni is it5 Memorandum and Articles of Association dated 30 March 2012 as amended by a special resolution(5) dated 17 June 2019 and as further amended on 20 October 2020. PvIouS Charity with the same name and Registration No. 1145987 was amalgamated with this newly registered charity. Charity Registraiion No. 1184567. Re9isrration date 24 July 2019. Reglstered Office: Siabod Cottage, Capel Curi9. Conwy. Clwld. Wales. LL24 OES The Company does not have a separaie principal office. Trustees: Philip Baker - Chair - resigned 23 April 2022 Nicholas Cannon-jones - Secretary Anthony Ashley Eccles appointed 25 April 2022 Stephen Howe Robin Ford Pugh - Chalr - appointed 24 April 2022 Kristine Quayle resigned 23 April 2022 David Miles Tarquin Shipley - TTea5urer Independent examlner- ShrLtti Soni FCCA FCIE Shruti Soni Ltd 7A St Johns Hill Sevenoaks TNI 3 3PE
Association of Mountaineerin Trustees. Report for the year ended 31 March 2022 ructor The irustees Pfesent their report and the financial 5taiemenis for the year ended 31 March 2022. This is also a Directors, Report required by s417 of the Companies Act 2006 and all trustees are directors. This Trustees Report and the associated Financial Statements have been prepared in accordance with guidance for preparing Charity Accounts and Reports presented in "Accounts"ng and Reporting by Charities.. Statement of Recommended Practice" and are therefore in accordance with the Financial Reporring Standard applicable in the UK and Republic of Ireland (effective l January 20191- Icharities SORP FRS 1021 togeiher with The Companies Act 2006. Structure, Governance and Management The Companrfs governing document is its Memorandum and Articles of Association dated 30 March 2012 as amended by a special resolutionlsl dated 17 June 2019 and as further amerhded on 20 October 2020. Previous Charity with the same name and Registration No. l 145987 was amalgamated with this newly ye9$tered charity, Charity Registration No. 1184567. Registration date 24 July 2019. Trustee selection methods Trustees are voted inio place and appointments are Governed by Arricles. Trustee5 increased to S from 3 at the 2020 AGM through member vote and remains at 5. Policles and procedure5 adopted ft)r the induaion and tralnlng of trustees Trustees follow requirements of the Articles. document, trustee training and support was new for 2019120 and is reviewed each year. A Trustee Pack exists. Relationship with any related parties AMI has a working partnership with Mountain Training, British Movntairteering Council. IAountaineering Council of Scotland. Mountaineerin9 Ireland. Mountaineerin9 Cymru and the Chri5 WalkEr trusi Objertives Summary of the purposes of the charity as set out in its governin9 document 15 as below The advancemenr of education linduding training) The promotÉon of good health and wellbeing and ihe saving of lives The promotion of eqUlty and diversity Activities Summary of the main activities is as below Supporting the development of members.- We have continued our charitable donation of £750 to the Chris Walker Trust which provides AMI members with specific Avalanche Hazard Awareness workshops for WMCI'S and WMCI Trainees. run In Lochaber and the Cairngorms. We have maintained a welfare fund for members and their families when in distress.
Association of Mountaineerin Trustees. Report for the year ended 31 March 2022 Instructors We have supported ihe Womens Trad Fest 2021 by providing 25 instructors (mainly female) who mentored instructors during the Festival. Each instrurtor gave 2 days which equates to £9000 and 50 days of support to developin9 women in clirnbing. We have maintained a ring-fenced fund for AMI members io access. so that they can further develop work which directly supports the charitable aims for the General Public. To thrs end we have again secured match fundin9 from the Alpkit Foundation for this work for 202 112022. This work includes.. 4 x days Women Only Learn io Lead Courses 2 day workshop with members of 'Not so Trad. National Navigation Award Scheme delivered to Mon SAR Two days Self Rescue Training 2 Charitable Climbirbg Instructin9 Sessions 2 day NNAS Bronze Course 2 day NNAS silver course AMI ChariEable Tender - Mountaineering - Alice Kerr Providing Mentoring Services for 3 x RCI Insiructors: On-line Equity. Diversiry and Inclusion Seminars toialling 6 day5, covering topics such as Connecting wirh Communities. and Inclusion in the Ouidoors Total - 28 days = £5445 of support Charitable undertakings by indtvidual member5: There have again been some great charitable interventions provided by members who are encouraged to undertake charitable ventures and to submit reports to the Association using a Charirable Undertakings Report form. These activities are either purely voluniary (no charge) or at a reduced fee to the end user. They provide important educational. healthy lifestyle and safety interveniions for the end users. AMI'5 5LlPPOrt for orher undeT-represented 9roups'. AMI set up their Equity and Diversity Working Group in 2020. and produced an AMI Equity and Diversity Policy. Work in this area continues. including developing a Coniinuous Professional Development programme for members. This Group has representation on the Brit15h Mouniaineering Council's Equitv Sreering committèe. Mountain Training United Kingdom and Ireland also work with AMI in this arena. and both organrsations are in regular communication. The British Mountaineering Council's womens Ready to Rock. courses continue, and are provided by an all-female AMI instructional team. The AMI Charity tender fund has a focus on work with minority groups at grass root5 level to encourage participation at the entry Itvel of the artivity. Many individual AMI volunteers donated their time freely to many differin9 charitable causes during the
Association of Mountaineerin Trustees. Repon for the year ended 31 March 2022 Instru Achievements and Performance In Partnership with the Chris Walker Trust. AMI paid £750 for 2 Avalanche Assessmeni skills courses for AMI Members. This specialist knowledge has bten passed onto the general public by those instructors who attended. Multiple volunteers have visited schools, climbing clubs, and other public groups. promoting the health and well being poiential of the outdoors. Volunteer groups have worked with local conservation groups on 'clean the crag. initiatives in the Peak District and Lake District. The Association delivered l O out of 12 goals for ihe year as outlined in the current Delivery Plan. Fundraising has been targeted to 9ain match funding from Alpkit Foundation for members charitable works. Thi5 has been successful Investment has increased and returns are being shown F+nancial Revlew The Charity 15 financially secure in terms of operations and ha5 increased it's potential via Alpkit Foundation relationship. The total income for 202112022 is £87.385 (2020121 .. £84.3301 and the total expenses for 2021122 is £100.699 12020119.. £80,008). Due io increased expenditure on AGM cosis. trainer fee5 & workshop cosrs and donations paid, the charity report5 a net expenditure for the year of £13.314 {2020121'. net income 14.3221. After net gains on invesrmertts of £1 0,901 12020121 .. £ 17.5831 the charity's reserves at the year end 2021122 stood at £180.017. decreased from £182, 429 at the end of year 2020121. Reserves Policy The policy for maintaining Reserves for the Association is as follows.. £ l Ok - iontingency for the emergency Working Groups. £30k - two yearfs running costs. £20k contingency for failuie to attract sponsorshtp. £40k - costs for AGMS and Autumn Conferences. The Association will therefore maintain a minimum Reserve of £ I Ook and this Policy will be reviewed on an annual basis. The funds will be invested in accordance with the following Investment Policy. General rèserves at the year end stood at £180,017 12020121 .' £181.654) of which those investèd according to the investment policy of the charity amounted to £136.192 (2020121 .' £114,269). Investment Polici We have invested in a peer to peer lending scheme with a small amount of the reserve aiming to make the investment repay only enough to combat low interest rates and inflation and stabilise reserves. The Tru5tee5 policy for invesiing the Reserves is as follows.. 30% will be held in peer 10 peer lending 70 % will be invested in stock5 and shares.
Association of Mountaineerin Trustees, Report for the year ended 31 March 2022 tructors Managing risk of harm The main risks facing the charity are lack of incoming funding other than membership donations and it being a young and inexperienced charity at this stage. Howevevr. these are considered to be minimal bv the trustees. In carrying Out the charity's purpose to achieve pubSic benefit the trustees have managed rlsk of detriment or harm to the charity'5 beneficiaries or to the public in general. Thi5 ha5 been achieved by identifying such risks where possible. minimising them and making sure any harm that might arise is of a minor consequence to the carrying out of such purpose. Public benefit statement The Trusttes confim that they have had rtgard to the Charity Commission guidance on public benefit. All charitable activities are undertaken to further the charitable purposes for the public benefit. The Trustees took advice from the Charities Commission. We have retained a group of solicitors specialising in Charities to review our Governance and have implemented those changes. Statement of Trustees, Responsibilities The trustees (who are also directors of the charitable company for the purposes of company lawl are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair VIÈW of the state of affair5 of the charitable company and of the incoming resources and application of resources, includin9 the income and expenditureof the charitable company for that period. In preparing these financial statements, rhe trustees are required to.. al select 5Ultable accounting policie5 and apply them conslstentlw. bl observe the methods and principles in the Charities SORP.. cl make judgments and accounting estimates that are reasonable and prudent.. dl state whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements.. el prepare the financial statemenis on the going concern basi5 unless it is inappropriate to presume that the charitable company will continue in operaiion.
Associ tion of Mountaineerin Trustees, Report for the year ended 31 March 2022 rs The trustees are responsible for keepin9 adequaie accountin9 record5 ihat disclose with reasonable accuracy ar any time the financial position of ihe charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the asset5 of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report. which ha5 been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. was approved by the Board on and signed on its behalf. Trustee Name.. D M T Shipley 23 Nov 22
Independent Examiner's Report to the Trustees of Association of Mountaineerlng Instructors Limited I report on the financial statements of the company for the year ended 31 March 2022 as set out on pages 8 to 16. Re5pon5ibilities and basis of POrt As the charity's trustees of ihe Company (who are also the directors of the company for the purposes of company lawl. you are responsible for the preparation of ihe accounts in accordance with the requirements of the Companies Act 2006 rthe 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audired for this year under Part 16 of the 2006 Acr and are eligible for independent examination. I repon in respett of my examination of your chariry's account5 as carried our under 5ecEion 145 of the Charities Act 2011 I'the 201 l Act"). In carrying out my examination. I have followed the Directions given by rhe Charity Commission (under section 14515)(bl of the 2011 Act. Independent examlnerfs sthtement I have completed my examination. I confirm that no material matter5 have come ro my attention in connecrion with the examination giving me cause to believe that in any material respect.. l. accounting records were not kept in accordance with section 386 of ihe Companie5 Act 2006,. or 2. the accounts do not accord with such records- or 3. the accounts do not comply with relevant accouniing reqU1MentS under seciion 396 of the Companies Act 2006 other than any requiremeni that the accounts give a 'true and fair, view which is not a matter considered as par¢ of an independen¢ examinarion.. or 4. rhe accounts have not been prepad in accordance with the Charities SORP IFRSI 021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Shruti Soni FCCA FCIE Shruii Soni Ltd • Chartered Certified Accountants 117A St Johns Hill, Sevenoaks TN13 3PE Date.. 2411112022
A550ciation of Mountaineering Instructors 5¢atement of fln4N¢W adI¥le$ lincorporatin9 an irKomo and expendiiure account) For the ar ended 31 htsr¢h 2022 2022 Total Unrestritttd Resiricted 2021 Total UnresirKted Restricted Note Income from.. Donations and legacies Charitable activities Advancement of educaiion in mountaineering Other tr3din9 attivities Investments Other income 8.750 775 9.525 1.2SO 775 2,025 75.045 776 7S.04S 776 78.900 518 1.292 1.595 78,900 518 1,292 1,595 2.039 2.039 Total inrome 86,610 775 87.385 83.SSS 775 84.330 Expenditure on.. Raising fund5 Charirable aaivities Advancement of education in mouniaineerSng 1,753 1.753 3.937 3,937 97.396 1.550 76.071 76,071 expendlture 99.149 1.550 IIXl.699 80.008 80,008 Net Incorne I lexpendiwrel bEfore It galns l (1055e51 on Investments (12.539) (77S) 113.314 3.547 775 4,322 Net gain5 1 Ilosses) on Investments 10.901 10.901 7 7.583 17,583 Net income I lexpend6trJre) for (1.638) (7751 Q.4131 21,130 775 21,905 Net mmment In fvnds (1.638) (775) (2.413) 21.130 775 21,905 ReconcIlil0Tr of funds: Total funds brought fOr{d 181.654 775 182.429 160.524 160.524 Totsl funds carried loryArd 180.017 180.017 181.654 775 182.429 l of the abo¥ rtsulrs arz deri¥Yd fvom continuing xtMlies.TrreTAr* noother rtc0gn1 9atns or1055es her than srared above. Movemenrs in funds are di5tlo5ed in I S w the financial 5tstements.
Association of Mountaineering Instructors Company no. 08014488 Balance sheet As at 31 March 2022 2022 2021 Note Flxed a5sets'. Investment5 136.192 114.269 136.192 114.269 Current assets.. Stork Debtors Cash at bank and in hand io 2.823 26.712 49.922 2.134 22.982 56,913 79.457 82.029 Liabllltie5'. Creditors.. amounts falling due within one year 35.632 13.869 Net current a55ets i (Ilabllltles} 43.825 68.160 Total assets less current liabilltles 180.017 182.429 Total net a55ets l (Ilabllltles) 180.017 182.429 The funds of the charlty- Resiricted Income fund5 unstriCted income funds.. General funds 775 180.OJ 7 181,654 Total nsIr1cted funds 180.017 18T.654 Total charity funds 180,017 182.429 For the year endln9 31 March 2022. the company was eniiiled to exemption from audit under seaion 477 of the Companie5 Act 2006 relaiing 10 Small companie5. Trustees. Responslbllltles.. The members have noi requlred the company to obtain an audit of its financial statemen15 for the year In question in accordance wilh section 476 The irustee5 acknowledge their responsibility for complying with the requiremenis of ihe Au with respect io accounring records and the prepaiaiion of financial siaiemenrs. These financial statements. which have been prepared in accordance with the special provisions relaiin9 to the small companies regime within Part 15 of the Companies Act 2006 and accordance with the Financial Reportlng Standard applicable in Ihe UK artd Republic of Ireland IFRS 1021 leffeaNe l January 20191. were approved by the Board on and si9ned on its behalf by.. DMTShi 23 Nov 22 Tiustee Name
Association of Mountalneerlng Instructors Notes th the financlal sutements Fort ar endtd 31 Marth 2022 l Accounting polic$ a) 8as1s of preparatbn The financial statements have been prepared in accordance with Accounting and Reporting by Charities". Siatement of Recommended Praciice applicable to charities preparing rheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeurve l January 20191 (Charities SORP FRS 1021. Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Cornpanie5 Aa 2006. Associaiion of Mouniaineering Instrucror5 15 a charirable company limited by guaraniee re9isiered in England with reg45traiion number 08014488. lis veyisiered offlce address is Siabod Coitage. Capel Curig. Corhwy. Ch¥yd. Wales, LL24 OES. The accounts are psented in GBP rounded io E l. Assets and Ilabilities are Initially COgniSed at hisrorbcal cost or tyansaaioTh value unless Otherwise stated in Ihe relevant ac¢ourttin9 policy or noie. bl Public benefft entlty The charitable company meeis ihe definlilon of a public benefii entity under FRS 102. c) Golng concern The rrusrees consider thai ihere are no material uncertainiies aboui ihe charr(able compan7/s ability 10 cofliinue as a going concern. Key judgements thai ihe chaTirable company has made which have a signifKani effect on ihe accgunis include alculaiion of deferied income. prepayrnen and valuation of invesiment5. The trustee5 do not consider that there are any sources Df esiimaiion uncertainty at the reponing date that have a significant risk of causing a rnaterial adjustment to the carrying amounrs of assets and liabilities within the next rernIng period. dl Income Income Is recognisetl when the charity has eniitlement io ihe funds. any perforrnance condilions attached the income have beefi met, it is probable ihat the income will be receNed and ihai Ihe amount can be InEa5ured reliably. Income received In a¢fvance of the provision of a specbfied servlce is deferred until the criteria for income recognition are mer. ¢) Inte51 receI4able lrtterest on fund5 held on deposlt Is included when receivable and the amount can be measured rellabty by ihe charity., th15 15 normally upon noiificaiion of the interest paid or payable by the bank. fi Fund accountiftg Resirirted funds are to be used for specific purposes as lald down by ihe donor. Expenditure which meeis these criieria 15 charged to the fund. Llnresiricted funds are donations and other Incoming resources received or generated for the charitable purpose5. Deslgnated fyrtds are unrestricted funds earmarked by ihe trustees for partIlar purposes. 10
Association of Mountaineering Instrnctors Notes w the financlal sutemerrts For the ended 31 March 2022 g) E¥pendlture Expenditure 15 recognised once there is a legal or cortstnittr¥e obliga¥ion to make a payment tD a thlrd party. it 15 probable rhat settlement will be required and the amount of the obligarion can be measured reliably. Expenditure is classified under the following artivity headings.. Costs of raising funds relate io ihe costs incurred by the charithble company in inducing third parties ro rnake voluThtary coniribulion5 10 li, a5 well a5 the c05t of any aaiviiie5 Wiih a fundraising purpose Expenditure ofi charitable activities includes the Co$ of actNties yndenaken to further the purposes of the charity and their a5s¢xiated 5upwiri costs Other expendlture represents those items not falllng into any oiher headlng h) Allocatlon of support costs Resources expended are allocaied ro ihe particular attlty where The cosi relates direaty to thai actlvity. However, the cosi of overall direaion adminisiraiion of each ècrbvity, comprisithg the salary and overhead Costs of ihe central funa¢on. Is app)rtioned based on 51aff time. OperatiThg leases Rental charges are charged on a 51raight line ba515 over the term of the lease. Llsted in¥estmoTrts Investments are a form of basic financial in51rumen¢ and are initHlly recogni5ed at their transaaion value and subsequentty measured at their fair value as ar rhe balance sheei dare using the closing quoted market price. Any change in fair value will be recognised in the staiemenl of financial aaivirie5 and any excess of fair value over ihe historic cost of the investments will be shown as a fair value reserve In the balance sheet. Investment gains and losses, whether alised or unrealised. are combined and shown in ihe headin9 'Net 9ainslllosses) on invesiments- in the 51atemeni of financial acrivities. The charity does not acquire put opiions. derlvatives or other complex financial in5rruments. k) Siocks siocks are stated at the lower of $1 an<J rtet realisable value. In 9efieral, cost Is determined tsrl a first in first our basi5 and includes transport and hantlling cosis. Nei realisable value is ihe price ai which Stocks can be sold in the normal course of business after allowing lor ihe costs of realisation. Provision is made where necessary for obsolete. sl¢M moving and deFectNe siocks. Donated items tsf stock. held for distribution or resale, are recognised at fair value which 15 the afflouni the charity would have been wllling to pay for ihe items ors ihe open markei. D De9 Trade and other debtors are recogni5ed at the 5eulement amount due afteT any trade discount offered. Prepaymenis are valued ai the amount prepaid net of any trade discounts due. m) Cash at bank and In hand Cash at barbk and cash in hand indudes cash and short itrm highly liquid investment5 wlth a slwjrt rnaturity of three rnonrhs or less from the date of acquisiiion or openin9 of the dep051t or similar accouni. Cash balances exclude any funds held on behalf of 5ewvice users. n) Credltor5 and p510ft$ Crediiors and provision5 are Teco9nised where the charity has a present Dbligalion re5ult¥ng frorn a past eveni that will probably result in the transfer of funds to a ihird party and rhe amount due to 5errle the obligaiion can be measure(l or estimated reliably. Creditors arld provisions are normalty recognised at thelr 5etrlement amount after allowin9 for any trnde discounr5 due.
Association of Mountaineering Instructors Notes to the financial 51aternents r ended 31 022 2 Incorne frgm donatbjns and legacfies 2022 total Totsl 2021 Total UnrestrKted Restriaed Donations Sponsorships 1.250 7,500 775 Z.02S 7,500 2.025 8.750 775 9.525 2,025 Sponsorships indude £3500 income recogni5ed in ihe 21122 relating to 20121. which was agreed after year end annual accounts had been hnalised 3 Income from tharftable aamtios 2022 Totsl 2021 Total Unre5trKred Restriued Advancement of ethcatlon ¥Aihln mounialneerlng Membership Fee5 Trainin9 & Workshops 55.970 19.075 55.970 19.075 74.880 4,020 .Total Income from chariiable aaivitles 75.045 75,045 78.900 Duiiny the year, Ihe iru5tees decided to change the Annual Membership renewal date from I st April io I st July. 4 Income from other trndlng aalvttles 2022 Total 2021 Total Unrestrkted Restriaed Sale of Merchandlse 776 776 518 776 776 518 12
Association of Mountalneering Instnictors Notes to the finan(ial statements For the r énded 31 Mawch 2022 5 Analy5b5 of expendlture 2022 C05t of Advancernent of raisin9 educaiion in fund5 mountaineering Support costs 2022 Total Membership & Affiliate Costs Cost of good5 SOILI Magazine Costs Trainer Fees & Workshop Cost Donations Comrnittte & Trustee Expenses and AGM cosrs Printsng, stationery, p051agE & telephone Bank charges and sundry Chair. Development Officer. Adminisrratron Charges Cornputer and Soflware Cost Accountin9 & Independenr examination AMI Working Croup Expenses & Welfare Fund Market1ng & PR Legal & Professional Fees 22,690 22,690 763 4.679 11.662 9,671 14.421 1,776 4.086 763 4.679 11.662 9,671 14,421 1,776 4,086 25,806 25.806 1,545 806 1,545 806 1.804 990 990 .753 76,312 22.634 100.699 Support Costs allocaied to charitable attiwtie5 22.634 122,6341 Total expendlture ZO22 1.753 98.Y6 100.699 All expenditure was unre51rÈtted 12020= same) Analysls of expendiwre 2021 Cost of Advancement of raising education in funds moyntaineering Support costs 2021 Total Membershlp & Afflliate Costs Cost of goods sold Ma9azine C05t5 Trainer Fee5 & Workshop Cost Donatlons Committee & Trustee Expenses and ACM costs Printing, Stationery, postage & ielephone Bank charges and sundry Inair, veveiopmeni unicer. Aomin15tration Char9e5 Computer and Soffivare Cost Accounting & Independeni examlnation AMI Working Gioup Expenses & Welfare Fund Marketing & PR Legal & Professlonal Fees 27.233 27.233 37 4.740 5.828 3,570 1.673 960 2.440 37 4,740 5.828 3,570 1.673 960 2.440 24.280 24.280 2.281 733 200 3.900 2.133 2.281 733 200 3.900 2,133 3.937 65.851 10.220 80.008 Support costs all¢xated to charitable activiiies 10.220 110.220) TotsS expendlturt 2021 3.937 76.071 BO.008 13
Association of Mountaineerlng Instructors Notes io the financbal statements For Trustee remuneration and expenses The charity trustees were not paid or received any other benefits from ernployment wilh the chariry in the year 12021.. £nill. Phil 8aker received payment for setvices as Chair supplied to the charity of £5.400 12021.. £5,400). This was duly a9reed by the other Trusiees and Chariry Commission. No other trustees were paid or received any payments for services provided to ihe chariry. No tru5tee5 were reirnbur5ed any expenses incurred in relarion io iheir duties as trustees. All trusiees are also members of the A55ociation and rake parr in artivities of the Association. Expenses relating to associations like travel and accomodaiion are paid by the Charlty in line wth agreed policie5. Related party transactlons Ag9re9ate donations from related parties during the year were £nil 12021.. £nill. Taxatlon The chariiable company is exempt from corporaiion tax as all lis income 15 charitable and Is applied for charitable purposes. Invèstments 2022 2021 Fair value at the start of the year Additions Disposal proceeds Net gain I Ilossl on change in fair value 14.269 56,172 (45.1 SQ> 10.901 85.394 11.292 17,583 Fair value at the end of the year 136.192 114.269 Historic cost at the end of the year 114.890 102,294 Investment5 comprise.. 2022 2021 Listed investments Other Cash 89,439 46.2SO 503 69,816 43.626 827 136,192 114,269 l O Stock 2022 2021 Coods for sale 2.823 2.134 2.823 2.134 14
Association of Mountaineering Instructors Notes to the finan¢ial statements For the 31 March 2022 I l Debtors 2022 2021 Trade debtor5 Prepayments and her debtors 9.308 17.404 6.104 16.878 26.712 22,982 12 Creditor5= amount5 falling due wlthSn one year 2022 2021 Trade creditors Accruals and Deferred income 6,564 29.068 8.199 5.670 35.632 13,869 13 Oeferred income Deferred income comprises membership fees for next accouniing year receNed in advance. 2022 2021 Balance at the beginning of the year Amount released to income in the year Amount deferred in the year 4,8SO (4.8501 27,920 53,062 IS3.0621 4.850 Balance at the end of ihe year 27.920 4,850 During ihe year. tht trustee5 decided to change the Annual Membership renewal date froffl I st April to I st Julv. 14 Anatysis of net assets between funds General unrestricted Designated Restritted Total funds Investments Nei current assets 136.192 43.825 136.192 43.825 Net assets at 31 Marth 2022 180.017 180.017 Analysls of net asseis betw*en funds General unrestricted Designated Restri¢ted Total funds Irbve5tments Nei current assers 114.269 67.385 114.269 68.160 775 Net asseis at 31 March 2021 181.654 775 182.429 15
A550ciation of Mountaineering Instructors hk>tes to the financlal Slements ar ended 31 M h 2022 15 Movements in funds Incoming Ai l April resource5 & 2021 9ains Outgoing resources & losses At31 Transfers March 2022 Resiricted funds: WMCI bursary fund 775 775 11.550) Total restrirted funds 775 775 11.5501 General funds 181.654 86.610 188.2481 180.017 Totd unrestrirted fvnd5 181.654 86.610 188.2481 180,017 Total funds 182,429 87.385 189,7981 180,017 Incoming At l April resouries & 2020 gains Outgoin9 resources & Ios5e5 At31 Transfers March 2021 Resiricted funds.. WMCI bursary fund 775 775 ' Total restrirted fvnds 775 775 General funds 160.524 83.555 162.4251 181.654 Total funds 160.S24 84.330 162,42 51 182.429 Purposes of restricted funds WMCI bursary fund is used tts co¥er the cost for one AMI member a year to undortake their WMCI 16 Leyal status of the charliy The charity is a company limited by guarantee and has no share capital. The liabilpty OF each member in Ihe eveni of windin9 up is limited £1. 16