2022-12-31-accounts - The Oulton Institute

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Summary	Summary	ofthe purposes	ofthe purposes	The object ofthe Institute is to manage and control by charitable
the charity as set out			in its	means but not otherwise the freehold property at Oulton in the
governing		document		County of York described in and conveyed by a Conveyance
Para 1.17				dated 7july 1893and made between Edmund Calverley ofthe
				one part and himself and other ofthe other part (now vested in
				Trustees on behalf ofthe Institute) for the purpose of a village
				hall for the use ofthe inhabitants ofthe parishes of Oulton and
				Woodlesford without distinction of political religious or other
				opinions including use for meetings, lectures and classes and for
				other forms of recreation and leisure time with the object of
				improving the conditions of life for the said inhabitants.
Summary		ofthe main		The year 2022 was pretty much a return to normality after two
activities		in relation to those		years of strangeness.
purposes		for the public
benefit,	in particular,		the	Most ofthe activities that had taken place up to March 2020 had
activities, services		projects or identified in	the	returned although we lost one or two. Children's birthday parties were a regular feature at weekends in the Hall. The refurbished
accounts.				Hall continues to impress.
Para 1.17and 1.19
				The Fair Exchange (link and build the local community) ran a
				number of events at the Institute including an Art Class, Coffee
				Morning and Salsa weekly and Craft 8i Chat fortnightly.
				The local Oulton fk Woodlesford Neighbourhood Forum
				concerned with planning for the future ofour villages returned to
				the building for their last meeting ofthe year and will hopefully
				continue in 2023. A notice board is provided to act as an
				information centre for the group.
				The Annual Service of Remembrance was held in the Hall before
				attendees made their way to the local War Memorial for the two
				minute silence. Many then returned to the Hall for a warming
				Tea/Coffee and biscuits hosted by the Management Committee.
				The Trustees again organised the Annual Craft Fair, which was
				well received by all, to raise funds for the upkeep ofthe
				Institute. The weekly Tea Dance is now a regular feature and
				contributed to our Fund-raising effort.
				All the available Office space is now let and we had a full year of
				Rental Income which was very welcome.

Achieve	ments and Pe	ments and Pe	ments and Pe	rformance
Summary	ofthe main			Revenue from Community Letting was 45% better than	the
achievements ofthe charity, identifying the difference the				previous year. Our charges were increased by 2%for the year.
charity's	work	has made to		Following refurbishment ofthe Offices in 2021 Revenue	from
the circumstances			of its	Office letting rose by 80%.
beneficiaries and			any wider
benefits to society as a				Overall our income exceeded our expenditure by f22,882 in the
whole.				year so we ended the year with 843,063 in hand. All revenue
				generated by the Letting ofthe Building Spaces.
Para 1.20
				The Major Project of 202L was the refurbishment	of the
				Caretaker's House at the rear of the Property on which we spent just under E9,000. This has long been used as Offices and needed
				updating when the previous Tenants moved out in December
				2021.
				~ New False ceilings
				~ Enhanced lighting and electrical connections
				~ Enhanced Fire protection and new Fire doors
				~ New flooring and decorating
				We were fortunate to let the space immediately to a new	Tenant.
				In the area ofgeneral maintenance:
				~ Repairs to Boilers.
				~ Roof Repairs
				~ All necessary Gas, Electrical and Fire Extinguisher	testing
				was carried out.
				This building is a focus of Community Activity and the on-going
				project to maintain and improve it is welcomed and enjoyed by the increasing number of people who use it.

Financial Review
Review ofthe charity's			The charity finished the				year	with		a	balance of			f43,063
financial position at the	end		having	made	continuing		investment				in repairing			and
ofthe period			improving the building.
Para 1.21
Statement explaining the			During	the year the Reserves				Policy			was	reviewed			by the
policy for holding reserves			Management		Committee.		We believe we					are	in a
stating why they are held			comfortable		position to continue				our		program		offuture
Para 1.22			proofing the generations.		building	so	that	it is	available			for	future
Amount ofreserves held			Para 1.22		f40 000
Reasons for holding zero			Para 1.22
reserves
Details offund materially		in	Para 1.24		None
deficit
Explanation ofany			Para 1.23		There	are no		specific			uncertainties				at this
uncertainties about the					time although			the		Management				Committee
charity continuing as a going					is not	getting		any	younger			and		could do
concern					with some maybe					newly (rather				than long)
					retired		ersons for			the future.
Additional information	(optional)
You ma choose to include		further statements			where	relevant		about:
The charity's principal			Para 1.47
sources offunds (including
any fundraising)
Investment policy and			Para 1.46
objectives including any
social investment policy
adopted
A description ofthe principal			Para 1.46
risks facing the charity
Other

Structure, Governance	and Man	agement
Description ofcharity's
trusts:
Type of governing document	Para 1.25	Constitution		drawn up in 1970
(trust deed, ro al charter
How is the charity	Para 1.25	Unincorporated Association
constituted?
(e.g unincorporated
association, ClQ
Trustee selection methods	Para 1.25	By proposal		to the Management	Committee
including details of any		and vote	to	join the Committee.	Must be
constitutional provisions e.g.		residents	of	the Parish of Oulton	5
election to post or name of		Woodlesford		or have a skill that	would be
any person or body entitled		beneficial	to	the running ofthe	Institute
to appoint one or more
trustees

ou may cho	ose to include furt	her state
Policies and	procedures	Para 1.51
adopted for the induction
and training	oftrustees
The charity's	organisational	Para 1.51
structure and	any wider
network with	which the
charity works
Relationship	with any related	Para 1.51
parties
Other

eference and	eference and	Administ	rative det	rative det	ails
Charity name			The Oulton		Institute
Other name	the charity uses
Registered	charity	number	523794
Charity's principal		address	Quarry	Hill
			Quito n
			LEEDS
			LS26 8SX

	Trustee name	Office (ifany)
1	David Cove	President
2	Margaret Peniston	Chairman
3	Pat Hoyle	Secretary
4	Ron Walker	Treasurer
5	Elizabeth Tonks
6	Pauline Hope
7	Hannah Harvey
8	Stuart Ward
9
10

Name oftrustees holding	title to	property	belonging	to the	charity
Trustee name		Dates acted ifnot for		whole	ear
Funds held as custodian		trustees	on	behalf ofothers
Description ofthe assets		Not Applicable
held in this capacity
Name and objects ofthe		Not Applicable
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details of arrangements	for	Not Applicable
safe custody and
segregation ofsuch assets
from the charity's own
assets