Association of Mountaineering Instructors A Company Limited by Guarantee Charity Registration No. 1184567 Company Registered in England No. 08014488 Report and Unaudited Financial Statements Year ended 31 March 2025 ## Association of Mountaineering Instructors Status: Company Limited by Guarantee No. 08014488 The Company's governing document is its Memorandum and Articles of Association dated 30 March 2012 as amended by a special resolution(s) dated 17 June 2019 and as further amended on 20 October 2020. Previous Charity with the same name and Registration No. 1145987 was amalgamated with this newly registered charity, Charity Registration No. 1184567. Registration date 24 July 2019. Registered Office: Siabod Cottage, Capel Curig, Conwy, Clwyd, Wales, LL24 0ES The Company does not have a separate principal office. Trustees: Andrew Barker - Chair (Appointed on 23rd April 2025) Nicholas Cannon-Jones - Secretary Anthony Ashley Eccles Karl Smith - Treasurer Anthony Halliwell Independent examiner: Shruti Soni FCCA FCIE Shruti Soni Ltd 117A St Johns Hill Sevenoaks TN13 3PE 1 ## Association of Mountaineering Instructors Trustees' Report for the year ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. 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 “Accounting and Reporting by Charities: Statement of Recommended Practice” and are therefore in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective 1 January 2019) – (Charities SORP FRS 102) together with The Companies Act 2006. ## Structure, Governance and Management The Company's governing document is its Memorandum and Articles of Association dated 30 March 2012 as amended by a special resolution(s) dated 17 June 2019 and as further amended on 20 October 2020. Previous Charity with the same name and Registration No. 1145987 was amalgamated with this newly registered charity, Charity Registration No. 1184567. Registration date 24 July 2019. ## Trustee selection methods Trustees are voted into place and appointments are Governed by Articles. Trustees remains at 5. ## Policies and procedures adopted for the induction and training of trustees Trustees follow requirements of the Articles of Association document, Trustee training and support was new for 2019/20 and is reviewed each year. A Trustee Information Pack exists. ## Relationship with any related parties AMI has a working partnership with Mountain Training United Kingdom and Ireland, British Mountaineering Council, Mountaineering Scotland, Mountaineering Ireland, Mountaineering Cymru and the Chris Walker Memorial trust. ## Objectives Summary of the purposes of the charity as set out in its governing document is as below - The advancement of education (including training) - The promotion of good health and wellbeing and the saving of lives - The promotion of equality and diversity ## Activities Summary of the main activities is as below Supporting the development of members: We have continued our charitable donation 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 supported the Climb Out LGBT+ Climbing Festival by funding AMI Instructors to work on the event. - AMI has funded Instructors to work on the inaugural Wanderers of Colour Climbing Festival – Europe’s first climbing festival by and for Black People and People of Colour - AMI funded a Member to attend the Adventure for All conference - We have maintained a welfare fund for members and their families when in distress 2 ## Association of Mountaineering Instructors Trustees' Report for the year ended 31 March 2025 We have again provided a fund for AMI members to access, so that they can further develop work which directly supports the AMI charitable aims for the General Public. To this end we have again secured match funding from the Alpkit Foundation for this work. Charitable undertakings by individual members provide important educational, healthy lifestyle and safety interventions for the end users. AMI’s support for other under-represented groups: - AMI’s Equity and Diversity Working Group continues its work. This Group has representation on the British Mountaineering Council’s Equity Steering Committee. Mountain Training United Kingdom and Ireland also work with AMI in this arena. - The British Mountaineering Council’s Womens’ ‘Ready to Rock’ courses continued, 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 roots level to encourage participation at the entry level of the activity. Individual Member charity work this year included: - Womens Rock n Roots Community Group – this is a group of muslim women, women of colour and LGBTQ women. They took part in a course offering sport climbing, bouldering, top roping and abseiling - The climbing hold re-setting of a community climbing wall in Devon - An intro to Mountaineering weekend organised for Black Girls Hike members - Work with Glasgow Queer Adventures Group to develop outdoor climbing opportunities - A 3 day rock skills and navigation for Muslim Hikers AMI has relationships as working partners with Mountain Training United Kingdom and Ireland, the British Mountaineering Council, the Mountaineering Council of Scotland, Mountaineering Ireland, Mountaineering Cymru, and the Chris Walker Memorial Trust. 3 # Association of Mountaineering Instructors Trustees' Report for the year ended 31 March 2025 ## Achievements and Performance In addition to the above, AMI Members have provided multiple volunteer visits to schools, climbing clubs, and other public groups, promoting the health and well-being potential of the outdoors. The Association delivered 15 out of 17 goals for the year as outlined in the current Delivery Plan. Fundraising has been targeted to gain match funding from Alpkit Foundation for members charitable works. This has been successful performance as expected against objectives. ## Financial Review The Charity is financially secure in terms of operations and has maintained it’s potential via Alpkit Foundation relationship. The total income for 2024/2025 is £99,402 (2023/2024 is £112,700 ) and the total expenses for 2024/25 is £106,719 (2023/24 is £115,364 ). Due to expenditure on AGM costs, chair, development officer and Membership cost, the charity reports a net expenditure for the year of £7,317 (2023/24: £2,664). After net gain on investments of £1,217 (2023/24: net gain £20,131) the charity's reserves at the year end 2024/25 stood at £186,835 decreased from £192,935 at the end of year 2023/24. ## Reserves Policy The policy for maintaining Reserves for the Association is as follows: £10k – contingency for the emergency Working Groups. £30k – two year's running costs. £20k – contingency for failure to attract sponsorship. £40k – costs for two AGMs and Autumn Conferences. The Association will therefore maintain a minimum Reserve of £100k and this Policy will be reviewed on an annual basis. The funds will be invested in accordance with the following Investment Policy. General reserves at the year end stood at £186,835 (2023/24: £192,935) of which those invested according to the investment policy of the charity and valued at market price amounted to £160,940 (2023/24: £156,020). ## Investment Policy The Trustees policy for investing the Reserves is as follows: 30% will be held in peer to peer lending which is being run down as loans mature, and transferred to cash reserves. 70% will be invested in managed funds (by Hargreaves Lansdown) of stocks and shares. This percentage will rise as the peer to peer lending diminishes. 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. Instant access Saffron Building Society savings account is treated as cash for the purposes of investment. The Trustees will either decide the investments themselves or seek professional advice as appropriate. Currently, reserves of £160,940 have been invested in a 32% - 68% split between peer to peer lending and stocks and shares respectively. The current investments largely adhere to the above percentages notwithstanding the fluctuation of the value of stock market investments on a daily basis. 4 ## Association of Mountaineering Instructors Trustees' Report for the year ended 31 March 2025 ## 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. However, these are considered to be minimal by the trustees. In carrying out the charity’s purpose to achieve public benefit the trustees have managed risk of detriment or harm to the charity’s beneficiaries or to the public in general. This has 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 Trustees confirm that they have had regard 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 law) 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 view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditureof the charitable company for that period. In preparing these financial statements, the trustees are required to: a) select suitable accounting policies and apply them consistently; b) observe the methods and principles in the Charities SORP; c) make judgments and accounting estimates that are reasonable and prudent; d) state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 5 ## Association of Mountaineering Instructors Trustees' Report for the year ended 31 March 2025 The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report, which has 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 _______ December 2025 and signed on its behalf. **----- Start of picture text -----**
___________________________________
Trustee
____________________________________
Name
**----- End of picture text -----**
6 ## Instructors Limited I report on the financial statements of the company for the year ended 31 March 2025 as set out on pages 8 to 17. ## Responsibilities and basis of report As the trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my Commission (under section 145(5)(b) of the 2011 Act. ## Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 386 of the Companies Act 2006; or 2. the accounts do not accord with such records; or 3. the accounts do not comply with relevant accounting requirements under section 396 of the Companies considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the Charities SORP (FRS102). 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 Date: 18/12/2025 117A St Johns Hill, Sevenoaks TN13 3PE 7 ## Association of Mountaineering Instructors Statement of financial activities (incorporating an income and expenditure account) **----- Start of picture text -----**
For the year ended 31 March 2025
2025 2024
Unrestricted Restricted Total Unrestricted Restricted Total
Note £ £ £ £ £ £
Income from:
Donations and legacies 2 3,833 755 4,588 6,000 720 6,720
Charitable activities
Advancement of education
in mountaineering 3 83,713 - 83,713 98,607 - 98,607
Other trading activities 4 378 - 378 685 - 685
Investments 3,958 - 3,958 1,513 - 1,513
Other income 6,765 - 6,765 5,175 - 5,175
Total income 98,647 755 99,402 111,980 720 112,700
Expenditure on:
Raising funds 5 6,709 - 6,709 3,495 - 3,495
Charitable activities
Advancement of education
in mountaineering 5 99,255 755 100,010 111,149 720 111,869
Total expenditure 105,964 755 106,719 114,644 720 115,364
Net income / (expenditure)
before net gains / (losses) on (7,317) - (7,317) (2,664) - (2,664)
Net gains / (losses) on
investments 1,217 - 1,217 20,131 - 20,131
Net income/(expenditure) for
the year (6,100) - (6,100) 17,467 - 17,467
Net movement in funds (6,100) - (6,100) 17,467 - 17,467
Reconciliation of funds:
Total funds brought forward 192,935 - 192,935 175,468 - 175,468
Total funds carried forward 16 186,835 - 186,835 192,935 - 192,935
**----- End of picture text -----**
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 15 to the financial statements. 8 ## Association of Mountaineering Instructors ## Company no. 08014488 ## Balance sheet ## As at 31 March 2025 |Note
£

s
s
e
t
s
:
9
10
t
a
s
s
e
t
s
:
11
2
,
8
5
1
12
2
3
,
6
3
1
3
3
,
8
2
2
6
0
,
3
0
4

e
s
:
13
3
4
,
7
9
3
15
1
8
6
,
8
3
5
nrestricted funds
16
h
a
r
i
t
y
f
u
n
d
s
ents
bank and in hand
e assets

d
s
o
f
t
h
e
c
h
a
r
i
t
y
:
rs: amounts falling due within one year

r
e
n
t
a
s
s
e
t
s
/
(
l
i
a
b
i
l
i
t
i
e
s
)
e
t
a
s
s
e
t
s
/
(
l
i
a
b
i
l
i
t
i
e
s
)
icted income funds:
eral funds
s
s
e
t
s
l
e
s
s
c
u
r
r
e
n
t
l
i
a
b
i
l
i
t
i
e
s
s|2
0
2
5

£
3
8
4
1
6
0
,
9
4
0
1
6
1
,
3
2
4





2
5
,
5
1
1
1
8
6
,
8
3
5
1
8
6
,
8
3
5

1
8
6
,
8
3
5
1
8
6
,
8
3
5
-|£
747
24,515
38,606
63,868
27,556
192,935|2024
£
603
156,020
156,623
36,312
192,935
192,935
192,935
192,935| |---|---|---|---| For the year ending 31 March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 - The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements, which have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), were approved by the Board on _______ December 2025 and signed on its behalf by: **----- Start of picture text -----**
Trustee
Name
**----- End of picture text -----**
9 ## Association of Mountaineering Instructors ## Notes to the financial statements ## For the year ended 31 March 2025 ## 1 Accounting policies ## a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Association of Mountaineering Instructors is a charitable company limited by guarantee registered in England with registration number 08014488. Its registered office address is Siabod Cottage, Capel Curig, Conwy, Clwyd, Wales, LL24 0ES. The accounts are presented in GBP rounded to £1. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. ## b) Public benefit entity The charitable company meets the definition of a public benefit entity under FRS 102. ## c) Going concern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. Key judgements that the charitable company has made which have a significant effect on the accounts include calculation of deferred income, prepayments and valuation of investments. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. ## d) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. ## e) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. ## f) Fund accounting Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. 10 ## Association of Mountaineering Instructors ## Notes to the financial statements ## For the year ended 31 March 2025 ## g) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: - Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose - Expenditure on charitable activities includes the costs of activties undertaken to further the purposes of the charity and their associated support costs Other expenditure represents those items not falling into any other heading ## h) Allocation of support costs Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned based on staff time. ## i) Operating leases Rental charges are charged on a straight line basis over the term of the lease. ## j) Listed investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities and any excess of fair value over the historic cost of the investments will be shown as a fair value reserve in the balance sheet. Investment gains and acquire put options, derivatives or other complex financial instruments. ## k) Stocks Stocks are stated at the lower of cost and net realisable value. In general, cost is determined on a first in first out basis and includes transport and handling costs. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving and defective stocks. Donated items of stock, held for distribution or resale, are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## l) Tangible fixed assets Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: Computer equipment 3 years (33.33% on the cost) ## m) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 11 ## Association of Mountaineering Instructors ## Notes to the financial statements ## For the year ended 31 March 2025 ## n) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users. ## o) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## 2 Income from donations and legacies |U|nrestricted
£
-
3,833
3833
|£
755
-
755
Restricted|2
0
2
5
t
o
t
a
l
T
o
t
a
l
£
7
5
5
3
,
8
3
3
4

5
8
8|2024
Total
£
3,220
3,500
6720| |---|---|---|---|---| ## 3 Income from charitable activities **----- Start of picture text -----**
2025 2024
Unrestricted Restricted Total Total
£ £ £ £
Advancement of education within
mountaineering
Membership Fees 79,693 - 79,693 76,988
Training & Workshops 4,020 - 4,020 21,619
Total income from charitable activities 83,713 - 83,713 98,607
4 Income from other trading activities
2025 2024
Unrestricted Restricted Total Total
£ £ £ £
Sale of Merchandise 378 - 378 685
378 - 378 685
**----- End of picture text -----**
12 ## Association of Mountaineering Instructors ## Notes to the financial statements ## For the year ended 31 March 2025 5 Analysis of expenditure 2025 **----- Start of picture text -----**
Cost of Advancement of
raising education in Support
funds mountaineering costs 2025 Total
£ £ £ £
Membership & Affiliate Costs - 24,981 - 24,981
Cost of goods sold (113) - - (113)
Magazine Costs - 4,645 - 4,645
Trainer Fees & Workshop Cost - 8,801 - 8,801
Donations - 9,664 - 9,664
Committee & Trustee Expenses and AGM costs - - 4,489 4,489
Printing, stationery, postage & telephone - - 756 756
Bank charges and sundry - - 3,639 3,639
Chair, Development Officer, Administration
Charges - 12,465 21,878 34,343
Computer and Software Cost - - 6,503 6,503
Accounting & Independent examination - - 960 960
AMI Working Group Expenses & Welfare Fund - - 750 750
Depreciation - - 219 219
Legal fees - - 260 260
Marketing & PR 6,822 - - 6,822
6,709 60,556 39,454 106,719
- -
Support costs allocated to charitable activities 39,454 (39,454)
Total expenditure 2025 6,709 100,010 - 106,719
Total expenditure 2024 3,495 111,869 - 115,364
**----- End of picture text -----**
Of the total expenditure of £106,719 (2024: £115,364), £755 (2024: £720) was restricted and £105,964 (2024: £114,644) was unrestricted. Analysis of expenditure 2024 **----- Start of picture text -----**
Cost of Advancement of
raising education in Support
funds mountaineering costs 2024 Total
£ £ £ £
Membership & Affiliate Costs - 23,118 - 23,118
Cost of goods sold 439 - - 439
Magazine Costs - 4,458 - 4,458
Trainer Fees & Workshop Cost - 3,378 - 3,378
Donations - 6,680 - 6,680
Committee & Trustee Expenses and AGM costs - - 31,547 31,547
Printing, stationery, postage & telephone - - 1,945 1,945
Bank charges and sundry - - 3,854 3,854
Chair, Development Officer, Administration
Charges - 13,217 21,186 34,403
Computer and Software Cost - - 692 692
Accounting & Independent examination - - 1,020 1,020
AMI Working Group Expenses & Welfare Fund - 720 - 720
Depreciation - - 54 54
Marketing & PR 3,056 - - 3,056
3,495 51,571 60,298 115,364
- -
Support costs allocated to charitable activities 60,298 (60,298)
Total expenditure 2024 3,495 111,869 - 115,364
**----- End of picture text -----**
13 ## Association of Mountaineering Instructors ## Notes to the financial statements ## For the year ended 31 March 2025 ## 6 Trustee remuneration and expenses The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil). Robin Ford Pugh was remunerated for services as Chair supplied to the charity of £6,000 (2024: £6,000). Of this £1,500 (2024: £1,500) was due at the end of the year. This was duly agreed by the other Trustees and Charity Commission. No other trustees were paid or received any payments for services provided to the charity. No trustees were reimbursed any expenses incurred in relation to their duties as trustees. All trustees are also members of the Association and take part in activities of the Association. Expenses relating to associations like travel and accomodation are paid by the Charity in line with agreed policies. ## 7 Related party transactions Aggregate donations from related parties during the year were nil (2024: £nil). ## 8 Taxation The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. ## 9 Tangible fixed assets **----- Start of picture text -----**
Computer
equipment Total
£ £
Cost or valuation
At the start of the year 658 658
- -
Additions in year
At the end of the year 658 658
Depreciation
At the start of the year 55 55
Charge for the year 219 219
At the end of the year 274 274
Net book value
At the end of the year 384 384
At the start of the year 603 603
**----- End of picture text -----**
14 ## Association of Mountaineering Instructors ## Notes to the financial statements ## For the year ended 31 March 2025 **----- Start of picture text -----**
10 Investments
2025 2024
£ £
Fair value at the start of the year 156,020 134,141
Additions 3,703 1,748
- -
Disposal proceeds
Net gain / (loss) on change in fair value 1,217 20,131
Fair value at the end of the year 160,940 156,020
Historic cost at the end of the year 120,646 118,619
Investments comprise:
2025 2024
£ £
Listed investments 108,799 105,909
Other 52,141 50,007
Cash - 104
160,940 156,020
**----- End of picture text -----**
In addition to the above, the charity held £1600 in Kuflink unallocated (committed funds in the Pool) as at 31 March 2025 **----- Start of picture text -----**
11 Stock
2025 2024
£ £
Goods for sale 2,851 747
2,851 747
12 Debtors
2025 2024
£ £
Trade debtors 4,349 3,555
Prepayments and Other debtors 19,282 20,960
23,631 24,515
**----- End of picture text -----**
15 ## Association of Mountaineering Instructors ## Notes to the financial statements ## For the year ended 31 March 2025 ## 13 Creditors: amounts falling due within one year |cruals and Deferred income
de creditors|2
0
2
5
£
2
,
8
6
4
3
1
,
9
2
9
3
4
,
7
9
3|2024
£
2,421
25,135
27,556| |---|---|---| ## 14 Deferred income Deferred income comprises membership fees for next accounting year received in advance. |ance at the beginning of the year
ount released to income in the year
ount deferred in the year
ance at the end of the year|2
0
2
5
£
2
2
,
0
9
7
(
2
2
,
0
9
7
)
2
9
,
0
0
9
2
9
,
0
0
9|2024
£
28,634
(28,634)
22,097
22,097| |---|---|---| ## 15 Analysis of net assets between funds **----- Start of picture text -----**
General
unrestricted Designated Restricted Total funds
£ £ £ £
Investments 160,940 - - 160,940
Net current assets 25,511 - - 25,511
Net assets at 31 March 2025 186,835 - - 186,835
Analysis of net assets between funds
General
unrestricted Designated Restricted Total funds
£ £ £ £
Investments 156,020 - - 156,020
Net current assets 36,915 - - 36,915
Net assets at 31 March 2024 193,538 - - 193,538
**----- End of picture text -----**
16 ## Association of Mountaineering Instructors ## Notes to the financial statements ## For the year ended 31 March 2025 **----- Start of picture text -----**
16 Movements in funds
Incoming Outgoing At 31
At 1 April resources & resources & March
2024 gains losses Transfers 2025
£ £ £ £ £
Restricted funds:
WMCI bursary fund - 755 (755) - -
Total restricted funds - 755 (755) - -
General funds 192,935 99,864 (105,964) - 186,835
Total unrestricted funds 192,935 99,864 (105,964) - 186,835
Total funds 192,935 100,619 (106,719) - 186,835
Incoming Outgoing At 31
At 2 April resources & resources & March
2023 gains losses Transfers 2024
£ £ £ £ £
Restricted funds:
WMCI bursary fund - 720 (720) - -
Total restricted funds - 720 (720) - -
General funds 175,468 132,111 (114,644) - 192,935
Total unrestricted funds 175,468 132,111 (114,644) - 192,935
Total funds 175,468 132,831 (115,364) - 192,935
**----- End of picture text -----**
## Purposes of restricted funds WMCI bursary fund is used to cover the cost for one AMI member a year to undertake their WMCI ## 17 Legal status of the charity The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. 17