THE FARNHAM INsfiTUTE CHARITY ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Charity Number 305033 owl BUSINESS ADVISORS & ACCOUNTANTS The Granary Hones Yard W3verley LanÈ Farnham 5urrey GU9 8BB
THE FARNHAM INSTITUTE CHARITY FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 CONTENTS PAGE Trustees Annual Report Ito4 Independent Examiner's report to the Trustees statement of financial èrtwities Balance Sheet Notes to the financial 5tatement5 8t013
THE FARNHAM INSTITUTE CHARITY TRUSTEES ANNUAL REPORT YEAR ENDED ao SEvfEMBER 2025 The Trustees present their report and the unaudited financial Statements of the Charity for the year ended 30 September 202S. REFERENCEANDADMINISTRATIVE DAlls Registered Charity name The Farnham Institute Charity reglstration number 305033 7 Crownwood Gate Beavers Road Farnham Surrey GU97GE The Trustees The Trustees wh0 Seed the Charity during the year and sinte the year end were as follows.. Andrew Lodge Ichairmanl Emily Joyce ITreasurerl Margaret Daniels Isecretaryl Peter Greenyer Max Lyons Barbara Milam Christopher Tibbott Jerome O'callaghan Bankers Lloyds Bank 75 Castle Street Farnham Surrey GU9 7LT Independent Examiner Mr S. P. F. Howell FCCA TC Group The Granary Hone5 Yard Waverley Lane Farnham Surrey GU9 8BB
THE FARNHAM INSTITUTE CHARITY TRUSTEES ANNUAL REPORT YEAR ENDED 305EPTEM8ER 2025 STATUTORY ADMINISTrATIVE DETAILS The Trustees present their report, the Independent Examinerfs report and financial statements for the year ended 30th September 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT The Chartty is governed by a declaration of trust originally dated 1897 and m05t recently updated on 17th January 1977, under a scheme approved by the Charity Commission. The Charity is controlled, managed and operated by the Trustees. The Trustees are all unpaid. Trustees are appointed from interested and competent residents of Farnham and surrounding areas. New Trustees are provided with copies of the governing document and accounts as well as Charity Commission guidance forTrustees of charities. The Trustees examine the major risks the Charity faces when considering its future plans and projerts. The Charity has dèveloped system5 to monitor and control these risks to mitigate any impact they mav have on the Charity. OBJECTIVES AND ACTIVITIES The object of the Charity is the managemenl and lettin8 of the Farnham Instwtute building, South Street, Farnham, and the application of the ir)come derived there from for any charitable purposes for the general benefit Df the inhabitants of FarnhaFn. The Trustees have had regard to the guidance issued by the Charity Commission on public benefit and believe that they are advancing community development and culture in Farnham through their grant making policies to organisations active in the locality. ACHIEVEMENTS AND PERFORMANCE The Charity distributes grants to causes which benefit the people of Farnham. During the year the Trustees made grants to 3512024.. 341 local organisation5 an)ounting to £68,112D24- £88.584I. The Charity ha5 continued to offer assistance to the Farnham Support Fund and to support Farnham in Bloom, which achièves the jolnt aims of supporting very worthwhile community projerts and raising the profile of the Charity in Farnham, as a source of support for other wÈll deserving activities in the town. Among other causes, during the year the Trustees have ako Eranted £5,000 to the Old Kiln Museum (Rural Life Centr@I towards their Rescue Fund and have pledged £20,000 to the Brightwells Gostrey Club, to a5515t with their necessary rnove to new premises, both being long established local causes hit by p&rticular circumstances which were beyond their own control. Detalls of the organisation5 benefitting from grants made during the year are given in note 5 to the financial statements.
THE FARNHAM INsfiTUTE CHARITY TRUSTEES ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 FINANCIAL REVIEW The Charity'5 assets comprise a building on South Street, Farnham, Surrey, which 15 Cltrrently leased to the Bush Hotel Limited, who use the charitq5 building primarily for conferences and events. The lease wa5 agreed in 2023 over a 20-year terrn, providing rental recèipts of £31.251 in 2024125, with staged ncreases and break clauses at each S year point. Where in previous years the charity'5 annual grants have been linked to rental income received, the Trustees have reconsidered this position given a reduced level of rental income and are in agreement that distributions from gain5 in investments shall a150 be considered, where the needs of local organisations are sufficient to warrant the use of the additional funds. The future requirements forthe 5eNicing the building will be kept in mind when making any additional distributions. Duringthe year under revlew the total value of the Charity's Funds reduced from £577,592 to £534,560 12024- reduced from 581,276 to £577,592), the reduction in funds being18rger than anticipated. due to the unforesèen pledge to the Brightwells Gostrey Club and a small Ioss on investments. The Trustees are conscious of the impact of fluctuations in finantial markets on the value of the investments. The stewardship of the Charity'5 Investments is with CCLA in a COIF Charities Investment Fund. The Trustees are comfortable that CCLA has a proven track record in safeguarding charities investments, but, a150 keep the position under review. The charitrfs reserve policy Is to maintain sufficient liquid and unrestricted funds to meet the charitie5 anticipated requirements after taking into considèration rent receivable, to ensure that there is no immedi3t@ impact on charitable activities should its income stream be interrupted. At 30 September 2025 the Charity's unrestricted liquid a55etS Stood at £46,26912024- £29,7171, with a further £56,490 of funds accessible after 200 days. The Trustees consider the overall position of the Charity IS 5at15factory and foresee that funds will be available to meet future obligations. INDEPENDENTEXAMINER Simon Howell FCCA, of TC Group has been re-appointed a5 Independent Examinerforthe ensuingyear. RESPONSIBILITIES OF THE TRUSTEES The Trustees are responsible for preparing the Tru5tees' Annual Report and the financial statements in accordance wtth applicable law and United Kingdom Accounting Stsndards Iunlted Kingdom Generally Accepted Accounting Practice). The law appllcable to charities in England & Wales requires the Trustees to prepare financial staternents for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period.
THE FARNHAM INSnTUTE CHARITY TRUSTEES ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 RESPONSIBILITIES OF THE TRUSTEES Itontinttedj In preparing these financial Statements, thè Trustee5 are required to: select suitable accounting practices and apply them con51Stently,' obserye the methods an(1 principles in the Charitles SORP 2019 IFRS 1021,. make judgements and estimate5 that are reasonable and prtjdent. state whether applicable UK Accounting Standards have been followed, subject lo any material dep3rtures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will contlnue In operation. The Trustees are responsible fr)r keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements cornpty with the Charities Act 2011, the Charity (Accounis and Reports) Regulations 2008 and the prDvisions of the trust deed. They are also responsible for safeEuarding the assets of the Charity and hence for taking reasonable steps for the prevention and (letection of fraud and other irregularities. Signed on behalf of the Trustees on . 2026 by 7 Crownwood Gate Beavers Road Farnham Surrev GU9 7GE Andrew Lodge Chairman
INDEPENDENT EKqMINER'S REPORTTO THE TRUSTEES OF THE FARNHAM INSTITUTE CHARITY YEAR ENDED 30 SEPTEMBER 2025 I report to the Charity Trustees on my exarnination of the accounts of the Charity for the year ended 30 September 202S which are set out on pages 6 to 13. RESPONSIBIL TrTIES AND BASIS OF REPORT As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ltthe Act'l. I report in respect of my examination of the charitvs accounts carried out under section 145 of the Act and in carrying out my examination I have followed al the applicable Directions given by the Charity Commission under section 1451511bl of the Act. INDEPENDENT EXAMINER'SSTATEMENT I have completed my examination. I confirm that no material matters have come to rny attention in connection with the examination giving me cause to believe that in any material respect.. 111 accounting CordS We not kept in respect of the charity as required by section 130 of the Act- or 121 the accounts do not accord with those record5,' or 13) the accounts do r)ot comply with the appllcable requlrements concernin8 the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns att(1 have come across no other matters in connectton wkth the examination to which attention Should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Simon Howell FCCA, of TC Group The Granary Hones Yard Waverley Lane Farnham Surrey GU9 8BB DatÈd'. . 2026
THE FARNHAM INSTITWE CHARITY STATEMENT OF FINANaAL AcfiviTIES YEAR ENDED 30 SEPTEMBER 2025 Unrestrlrted Unrestricted Total Funds Total Funds 2025 2024 INCOMEAND ENDOWMENTS FROM: Donations and legacies Charitable activitie5 Investments 31,251 3,099 31,108 655 TOTAL INCOME 35,350 31,763 EXPENDITUREON: Charitable activities 171.276J 191,9391 TOTAL EXPENDITURE 171,276) 191,9391 Net 8ains/llossesl on investments 17,106) 56,492 NET INCOMEI{EXPENDITUREI Transfer between funds 143,0321 {3,6841 MOVEMENT IN FUNDS 143,0321 13,6841 RECONCILIATION OF FUNDS Total fund5 brought forward 577,592 581,276 TOTAL FUNDS CARRIED FORWARD 534,560 577,592 The Statement of Financial Activitie5 includes all gains and losses in the year and therefore statement of total recogni5ed gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on paKes8to 13 form p¥tof thesefftnandal statements.
THE FARNHAM INSTITUTE CHARITY BALANCE SHEET 30 SEPTEMBER 2025 2025 2024 FIXED AS5Ers Investments io 444.205 501,311 CURRENT ASS5 Debtots Cash at bank and in hand li 2,275 113,148 95,839 115,423 125.0681 95,839 119,5581 CREDITORS: Arnounts falllng due within one year 12 CURRENT ASSErs 90,355 76.281 TOTAL ASSETS LESS CURRENT LIABILITIES 534,560 577,592 NEf ASSETS 534,560 577,592 FUNDS Unrestricted income fund5 13 534,560 577.592 TOTAL FUNDS 534,560 577,592 These financial statements were approved by the members of the committee and authorised for issue on .....4..411.k£.... 2026 and are signed on their behalf by.. Andrew Lodge Chairman The htstes on pages 8t0 13 lomi part olthesellnanclal stement
THE FARNHAM INSTITUTE CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEM8ER 2025 ACCOUNTING POLICIES Basis of accounting The accounts Ifinancial statements) have been prepared under the historical cost convention wSth items reco8nised at cost or transattion value unless Otherwise stated in the relevant notelsl to these accounts. The financial statements have been prepared in actordance with the second edition of the Charities Statement of Recommended Prartice issued in 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Farnham Institute Charity meets the definition of a public benefr( entity as defined by FR5 102. The trustees consider that there are no material uncertaintles about the charity's ability to continue as a going concern. Funds 5tru¢ture Unrestricted funds can lje used in accordance with the charitable obiettives at the discretion of the Trustees. Restricted fund5 can Lie used at the discretion of the Trustees. See note 12 of the financial statements for further details. lrt¢ome All income is recognised once the charity has entitlernent to the incDrne, there is suffitient certainty or receipt and so it Is probable that the Income will be ceIved, and the amount of income Can be measured rellably. Expenditure Liabilitie5 are recognised as eKpenditure as soon as there is a le8al or constructive obligation committing the charity to that expenditure, it Is probable that settlement will be required and the amount of obligation can be measured reliably. All expenditure is accounted for on an accruals basis, inclusive of irrecoverable VAT. Fixed asset investments Investments are initially recognised at theirtransaction value and sub5equentty measured at their market value as al the balence sheet date using the closing quoted market price. The statement of financial activities includes the net gain5 and 1055e5 arising on revaluatlon and dlsp05315 throughout the year. The Charity doe5 not acquire or use put options, derivatives or other complex financial instruments.
THE FARNHAM INSTITUTE CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POLICIES (continued) Realised galns and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments lif any) are calculated as the difference between sales proceeds and their openlng carrying value or their purchase value if acquired subsequent to the first day of the f5nancial year. Unrealiged gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised lif any) and unrealised investment gains and losses are combined in the Statemènt of Financial Artivities. INCOME FROM DONATIONS AND LEGACIES Total Funds Total Funds 2025 2024 Donations received Received during the year was a very generous (lonation of £1,000 from Farnham jewellers Andre Noire, in relation to their Valentines carnpaign. INCOME FROM CHARITABLE ACTlVtTIES Total Funds Total Fund5 2025 2024 Rents received 31.251 31,108 INCOME FROM INVESTMENTS Total Funds Total Funds 2025 2024 Bank interest received 3.099 655 EXPENDITURE ON CHARITABLE AcfiviTIES 2025 2024 Grant5 payable (see note 6 belowj Support cost5 (see note 6 below) Governance costs fsee note 7) 68,164 1,632 88,584 1,855 1,500 71,276 91,939
THE FARNHAM INSTITiJfE CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 6. ANALYSIS OF GRANTS Grants to institution5 Support cost Total Educational Young people'5 services seIces to the older community The Arts Community events and projetts Sports and wellbeing Total 6,200 2,550 23,524 2,250 14,000 19.640 272 272 272 272 272 272 6.472 2,822 23,796 2,522 14,272 19,912 68,164 1.632 69.796 Analysis of educational grants Total Potters Gate School William Cobbett Primary School Disability Challengers Change of Scene The Abbey School Farnham Trust Total 1,200 500 1,500 500 2,500 6,200 Analysi5 of Young Peoples Service5 grants Total Mustard se Autism trust Farnham Lions 40 De8reez Wrecclesham Youth Cafe 500 300 I,oc 750 Total 2,550 Analysis of Services to the Older Community grants Total Shepherds Court Socizl Group Waverley Hoppa Transport Farnham Assist 8rightwells Gostrey Centre 100 2.500 924 20,(rf)O Total 23,524 -io-
THE FARNHAM INSTITUTE CHARITY NOTES TO THE FINANCIAL STATEMEwrs YEAR ENDED 30 SEPTEM8ER 2025 ANALYSIS OF GRANT5 (continuedl Analysi5 of The Arts grants Total Creative Response Arts Ltd Voices Together New Ashgate Gallery 1.500 500 250 Total 2,250 Analysts of Community events and projects grants Total The Old Kiln Museum Hale Carnival Committee Farnham Carntval Farnham Town Council Rotary Club of Farnham Weyside Farnham Swimming Baths Trust 5,750 2,500 750 1,000 2,000 Total 14,( Analysi5 of Sports and wellbeing grants Total Headway Surrey Head Injuries Association St Peters Primary School PTA Surrey Drugs & Alcohol Card Frensham Pond Sailin8 Club The Hygiene Bank Homestart in Waverley Space to Grow Farnham Town council I Choose Freedom Headroom Melp Foundation 500 1,500 1,000 2.500 1.140 3.500 2.500 2,IXIO 2,500 1,5 Total 19.640 GOVERNANCE COSTS 2025 2024 Trustees èxpenses Independent Examinerfs Fee 850 630 850 650 1,500 -li-
THE FARNHAM INsfiTUTE CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 202S TRUSTEE REMUNERATION No remuneration directly or indirectly out of the funds of the Charity was paid or was payable to any Trustees or to any person or persons known to be connetted with any of them. Expenses tota11ing £85012024 £8501 were reimbursed to eight Trustees12024- eight). RELATED PARTY TRANSACTIONS There were r)0 related party transartions during the year12024- nill. 10. FIXED ASSET INVESTMENTS COIF Charities Investment Fund Accumulation Shares 2025 Market Value at l October Transfer of funds Gainslllossesl on investment 501.311 150,0001 17,1061 Market Value at 30 September 444,205 Historical cost at 30 September 19,739 11. DEBTORS 2025 2024 Other debtors 2.275 12. CREDITORS,. Amounts falling due within one year 2025 2024 Other creditors Accrua15 10,389 14,679 10,245 9,313 25,068 19,558 l2-
THE FARNHAM INSTITUTE CHARrrY NOTE5 TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 13. ANALYSIS OF CHARITABLE FUNDS ANALY51S OF MOVEMENT IN UNRESTRICTED FUNDS Balance at Incoming l Oct 2024 resources Expenditure Tranders Gains and Balance at losses 30 Sept 2025 General Funds 577,592 35.349 {71,276} 17,1061 534.560 ANALYSIS OF MOVEMENT IN UNRESTRICTED FUNDS- Previous year Balance at Incoming lott 2023 resources Expenditure Transfers Gains and Balae at 1055es 30 Sept 2024 General Funds 581,276 31,763 191,939) 56,492 577.592 14. ANALYSIS OF NET ASSETS BETWEEN FUNLIS Unrestricted Funds 2025 Total reserves Investments Cash at bank Current assets Current liabilities 444,205 113,148 2,275 {25.0681 444,205 113,148 2,275 {25,0681 534.560 534,560 ANALYSISOF NET ASSETS BWEEN FUNDS- Previou5year Unrestrirted Funds 2024 Total reserves Investments Cash at bank Current assèts Current liabllities SOl.311 95,839 501.311 95,839 119,558) 119,5581 577.592 577.592 -13-