**REGISTERED CHARITY NUMBER: 526894**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2021**
## **for**
## **Arnside Educational Institute**
Stables Thompson & Briscoe Ltd Chartered Accountants & Business Advisors Lowther House Lowther Street Kendal LA9 4DX
**Arnside Educational Institute**
## **Contents of the Financial Statements for the Year Ended 31 December 2021**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to 17|
|**Detailed Statement of Financial Activities**|18 to 19|
**Arnside Educational Institute**
**Reference and Administrative Details for the Year Ended 31 December 2021**
|**TRUSTEES**|Mr R Horncastle Chair|
|---|---|
||Mrs P Thompson Vice Chair|
||Mrs S I Harrison Secretary|
||Mr N Webster Treasurer|
||Mrs D Clubb|
||Mr R Harrison|
||Dr V Mautner|
||Mrs N Platts (resigned 2.10.21)|
||Dr F Stevens (resigned 2.10.21)|
||Mr M Whitmarsh|
||J P Davies (appointed 2.10.21)|
||J C Gibbs (appointed 2.10.21)|
||J Race (appointed 2.10.21)|
||V Stringer (appointed 2.10.21)|
||E M Walters (appointed 2.12.21)|
|**PRINCIPAL ADDRESS**|Church Hill|
||Arnside|
||LA5 0DF|
|**REGISTERED CHARITY**|526894|
|**NUMBER**||
|**INDEPENDENT EXAMINER**|Stables Thompson & Briscoe Ltd|
||Chartered Accountants & Business Advisors|
||Lowther House|
||Lowther Street|
||Kendal|
||LA9 4DX|
Page 1
**Arnside Educational Institute**
## **Report of the Trustees for the Year Ended 31 December 2021**
The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in October 2019.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal objectives of the charity are:
1. To promote the education of persons residing in the parish of Arnside and surrounding areas.
2. The land may be used as a village hall for use by the inhabitants of the area of benefit without distinction of political, religious or other opinions, including use for:
a. meetings, lectures and classes;
b. other forms of recreation and leisure-time occupation, with the object of improving the conditions of life for the inhabitants.
## **Public benefit**
The institute awarded educational grants amounting to £1,588 (2020 - £1,424) in the year.
Other activities have continued as in previous years, with the hire of the Institute for activities such as Badminton & Table Tennis, Computer Club, embroidery classes, Scrabble, Pilates, dance classes, Archive Group as well as Snooker facilities and the Bridge Club.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Grantmaking**
The scheme has allowed the charity to make educational grants, which are made to college and university students from the village and to community associations which could show an educational element in their projects. Details of how to apply for grants may be obtained from the Office Manager.
A bequest of £40,000 was left by Dr Margaret Jackson for disadvantaged children of Arnside, to be administered by the Trustees. At present £36,949 is invested with Nucleus Financial Services Ltd and funds are drawn from this investment as required to make grants. Enquiries about grants may be made through the Office Manager or through Arnside National C.E. School.
## **Volunteers**
The Trustees are grateful for the efforts of volunteers who were involved in service provision and fundraising.
Page 2
**Arnside Educational Institute**
## **Report of the Trustees for the Year Ended 31 December 2021**
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
Joyce Nicholson left the Institute an investment portfolio which is managed by Nucleus Financial Services Ltd under the guidance of an Independent Financial Advisor, RDBIFS Ltd. The investments are in a mixture of Equities, Property and Fixed Interest Funds. The value of the investments rose in the year, reversing last year's fall.
## **Reserves policy**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which approximates to about six months unrestricted expenditure. This does not include the Margaret Jackson bequest which the trustees have set aside in accordance with the benefactor's wishes. Free reserves as at the end of the year end were £47,062 (2020 - £54,690) which equates to around eleven months unrestricted expenditure. The charity does not feel this is excessive.
## **Covid during the year**
The day to day activities of the institute have been severely restricted since the Covid 19 pandemic resulted in a temporary closure of the building in March 2020.
The Institute has reopened for limited activities and for short periods of time during 2020 when permitted by government legislation. We partly reopened again on 12 April 2021 and all restrictions were lifted in July 2021 although numbers in most activities still haven't returned to their pre covid levels. The government has supported the Institute and many other organisations by grants and payments to staff whilst on furlough. This support has limited the deficit we have incurred during the year.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Arnside Educational Institute was founded in 1873, to promote social activities and educational and cultural interests. The original trust deed (which envisaged a school) was out of date and the Trustees agreed a new Constitution or 'Scheme' with the Charity Commissioners dated 13 October 2003.
Page 3
**Arnside Educational Institute**
## **Report of the Trustees for the Year Ended 31 December 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees**
The Institute is managed by the Officers and the Committee of Trustees. Various sub-committees also exist to manage different aspects of the Institute's activities, and all report to the Committee of Trustees.
The Committee of Trustees consists of six appointed committee members who represent user organisations and who are elected at a meeting of representatives prior to the AGM and six committee members who are elected at the AGM. From these twelve members the four officers are elected at the AGM. All committee members are elected for a term of one year. Up to two additional committee members may be co-opted during the year at a special meeting.
Most members join to take part in one or more of the activities at the Institute. There are over 200 members and many other regular users of the Institute facilities.
The Trustees meet eight times a year, or thereabouts, to receive reports of progress and make plans for the future. The day to day work is carried out by the sub-committees, namely Finance and House & Gardens committees.
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to keep these risks acceptably small.
Approved by order of the board of trustees on 17 March 2022 and signed on its behalf by:
Mr R Horncastle - Trustee
Page 4
**Independent Examiner's Report to the Trustees of Arnside Educational Institute**
## **Independent examiner's report to the trustees of Arnside Educational Institute**
I report to the charity trustees on my examination of the accounts of Arnside Educational Institute (the Trust) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning 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 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.
Helen Holmes FCA BSc ICAEW Stables Thompson & Briscoe Ltd Chartered Accountants & Business Advisors Lowther House Lowther Street Kendal LA9 4DX
Date: .............................................
Page 5
**Arnside Educational Institute**
## **Statement of Financial Activities for the Year Ended 31 December 2021**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Hall lettings
Bridge members annual subscriptions
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Grants to Institutions
Educational grants to individuals
Hall lettings
Independent examiner fees
Bridge members annual subscriptions
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
22,448
16,312
500
1,622
40,882
3,666
100
1,200
45,886
1,336
-
52,188
41,262
29,956
867,541
897,497|Restricted
funds
£
-
-
-
-
-
362
-
388
-
-
500
1,250
3,550
2,300
36,149
38,449|31.12.21
Total
funds
£
22,448
16,312
500
1,622
40,882
4,028
100
1,588
45,886
1,336
500
53,438
44,812
32,256
903,690
935,946|31.12.20
Total
funds
£
17,671
16,658
-
15,557
49,886
780
600
1,424
49,050
1,334
-
53,188
(38,791)
(42,093)
945,783
903,690|
|---|---|---|---|---|
The notes form part of these financial statements
Page 6
## **Arnside Educational Institute**
## **Balance Sheet 31 December 2021**
|Notes
**FIXED ASSETS**
Tangible assets
12
Investments
13
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
LIABILITIES
**NET ASSETS**
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
360,000
490,435
850,435
49,744
(2,682)
47,062
897,497
897,497|Restricted
funds
£
-
36,949
36,949
1,500
-
1,500
38,449
38,449|31.12.21
Total
funds
£
360,000
527,384
887,384
51,244
(2,682)
48,562
935,946
935,946
897,497
38,449
935,946|31.12.20
Total
funds
£
360,000
486,611
846,611
60,435
(3,356)
57,079
903,690
903,690
867,541
36,149
903,690|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 17 March 2022 and were signed on its behalf by:
Mr R Horncastle - Trustee
The notes form part of these financial statements
Page 7
**Arnside Educational Institute**
**Notes to the Financial Statements for the Year Ended 31 December 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The charity constitutes a public benefit entity as defined by FRS 102. 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
The charity receives government grants in respect of hall refurbishment. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to receive payment is established.
continued...
Page 8
**Arnside Educational Institute**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Freehold land and buildings are held at valuation which is reviewed on a regular basis.
The latest valuation was at 31 December 2019 and was done by the trustees.
Land is not depreciable and as the property is maintained to a high standard the trustees believe any depreciation charge is not material and instead have regular impairment reviews.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Investments**
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains / (losses) on investments' in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably.
continued...
Page 9
**Arnside Educational Institute**
|**Notes to the Financial Statements - continued**
**for the Year Ended 31 December 2021**
**2.**
**DONATIONS AND LEGACIES**
Donations
Legacies
Government grants
Subscriptions
**3.**
**INVESTMENT INCOME**
Income from listed investments
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Library rental
Hall lettings
Hire of rooms
Hall lettings
Snooker
Hall lettings
Bridge
Hall lettings
Table tennis
Hall lettings
Bridge
Bridge members annual subscriptions|31.12.21
£
66
-
20,783
1,599
22,448
31.12.21
£
1,616
6
1,622
31.12.21
£
8,740
4,242
1,725
909
696
500
16,812|31.12.20
£
-
500
14,754
2,417|
|---|---|---|
|||17,671|
|||31.12.20
£
15,430
127|
|||15,557|
|||31.12.20
£
8,619
5,029
910
1,440
660
-|
|||16,658|
continued...
Page 10
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
|**5.**
**RAISING FUNDS**
**Investment management costs**
Portfolio management
**6.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Grants to Institutions
-
Educational grants to individuals
-
Hall lettings
45,886
Independent examiner fees
-
Bridge members annual
subscriptions
-
45,886
**7.**
**GRANTS PAYABLE**
Grants to Institutions
Educational grants to individuals
Bridge members annual subscriptions
The total grants paid to institutions during the year was as
Arnside Broadsheet
Arnside Guides/Brownies|Grant
funding of
activities
(see note
7)
£
100
1,588
-
-
500
2,188
follows:|31.12.21
£
4,028
Support
costs (see
note 8)
£
-
-
-
1,336
-
1,336
31.12.21
£
100
1,588
500
2,188
31.12.21
£
100
-
100|31.12.20
£
780
Totals
£
100
1,588
45,886
1,336
500|31.12.20
£
780
Totals
£
100
1,588
45,886
1,336
500|
|---|---|---|---|---|
|||||Totals
£
100
1,588
45,886
1,336
500|
|||||49,410|
||||31.12.20
£
600
1,424
-
2,024
31.12.20
£
100
500
600||
|||||600|
continued...
Page 11
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **8. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
||Governance|
||costs|
||£|
|Independent examiner fees|1,336|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **10. STAFF COSTS**
|Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Office manager and caretaker
No employees received emoluments in excess of £60,000.|31.12.21
£
16,690
272
16,962
31.12.21
2|31.12.20
£
16,693
287|
|---|---|---|
|||16,980|
|||31.12.20
2|
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Hall lettings
Investment income
**Total**
**EXPENDITURE ON**
Raising funds|Unrestricted
funds
£
17,170
16,658
14,245
48,073
718|Restricted
funds
£
501
-
1,312
1,813
62|Total
funds
£
17,671
16,658
15,557|
|---|---|---|---|
||||49,886
780|
continued...
Page 12
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
**Charitable activities**
Grants to Institutions
600
-
Educational grants to individuals
1,000
424
Hall lettings
49,050
-
Independent examiner fees
1,334
-
**Total**
52,702
486
Net gains/(losses) on investments
(37,594)
(1,197)
**NET INCOME/(EXPENDITURE)**
(42,223)
130
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
909,764
36,019
**TOTAL FUNDS CARRIED**
**FORWARD**
867,541
36,149
**12.**
**TANGIBLE FIXED ASSETS**
Freehold
property
Car park
£
£
**COST**
At 1 January 2021 and
31 December 2021
300,000
60,000
**NET BOOK VALUE**
At 31 December 2021
300,000
60,000
At 31 December 2020
300,000
60,000|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
**Charitable activities**
Grants to Institutions
600
-
Educational grants to individuals
1,000
424
Hall lettings
49,050
-
Independent examiner fees
1,334
-
**Total**
52,702
486
Net gains/(losses) on investments
(37,594)
(1,197)
**NET INCOME/(EXPENDITURE)**
(42,223)
130
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
909,764
36,019
**TOTAL FUNDS CARRIED**
**FORWARD**
867,541
36,149
**12.**
**TANGIBLE FIXED ASSETS**
Freehold
property
Car park
£
£
**COST**
At 1 January 2021 and
31 December 2021
300,000
60,000
**NET BOOK VALUE**
At 31 December 2021
300,000
60,000
At 31 December 2020
300,000
60,000|
Total
funds
£
600
1,424
49,050
1,334
53,188
(38,791)
(42,093)
945,783
903,690
Totals
£
360,000
360,000
360,000|
|---|---|---|
||||
||||
The properties were revalued in the year by the trustees.
The properties were valued on the basis of two occupational leases on an existing use basis.
There are no records for a cost basis. The properties were valued in 2000 initially for incorporation into the accounts and have been revalued on a regular basis since.
continued...
Page 13
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **13. FIXED ASSET INVESTMENTS**
|**MARKET VALUE**
At 1 January 2021
Additions
Disposals
Revaluations
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020|Listed
investments
£
486,611
108,000
(112,819)
45,592
527,384
527,384
486,611|
|---|---|
There were no investment assets outside the UK.
|**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Taxation and social security
Other creditors
**15.**
**MOVEMENT IN FUNDS**
At 1.1.21
£
**Unrestricted funds**
General fund
54,690
Building fund
360,000
Joyce Nicholson Bequest
452,851
867,541
**Restricted funds**
Professor M Jackson legacy
35,649
Bequest to support bridge subscriptions
in 2021
500
36,149
**TOTAL FUNDS**
903,690|31.12.21
£
516
125
2,041
2,682
Net
movement
in funds
£
(7,628)
-
37,584
29,956
2,800
(500)
2,300
32,256|31.12.20
£
1,882
104
1,370
3,356
At
31.12.21
£
47,062
360,000
490,435|
|---|---|---|
|||897,497
38,449
-|
|||38,449|
|||935,946|
continued...
Page 14
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **15. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Joyce Nicholson Bequest
**Restricted funds**
Professor M Jackson legacy
Bequest to support bridge subscriptions
in 2021
**TOTAL FUNDS**|Incoming
resources
£
40,894
(12)
40,882
-
-
-
40,882|Resources
expended
£
(47,742)
(4,446)
(52,188)
(750)
(500)
(1,250)
(53,438)|Gains and
Movement
losses
in funds
£
£
(780)
(7,628)
42,042
37,584
41,262
29,956
3,550
2,800
-
(500)
3,550
2,300
44,812
32,256|Gains and
Movement
losses
in funds
£
£
(780)
(7,628)
42,042
37,584
41,262
29,956
3,550
2,800
-
(500)
3,550
2,300
44,812
32,256|
|---|---|---|---|---|
|||||29,956
2,800
(500)|
|||||2,300|
|||||32,256|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Building fund
Joyce Nicholson Bequest
**Restricted funds**
Professor M Jackson legacy
Bequest to support bridge subscriptions
in 2021
**TOTAL FUNDS**|At 1.1.20
£
58,673
360,000
491,091
909,764
36,019
-
36,019
945,783|Net
movement
in funds
£
(3,983)
-
(38,240)
(42,223)
(370)
500
130
(42,093)|At
31.12.20
£
54,690
360,000
452,851|
|---|---|---|---|
||||867,541
35,649
500|
||||36,149|
||||903,690|
continued...
Page 15
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **15. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Joyce Nicholson Bequest
**Restricted funds**
Professor M Jackson legacy
Bequest to support bridge subscriptions
in 2021
**TOTAL FUNDS**|Incoming
resources
£
48,073
-
48,073
1,313
500
1,813
49,886|Resources
expended
£
(52,702)
-
(52,702)
(486)
-
(486)
(53,188)|Gains and
Movement
losses
in funds
£
£
646
(3,983)
(38,240)
(38,240)
(37,594)
(42,223)
(1,197)
(370)
-
500
(1,197)
130
(38,791)
(42,093)|Gains and
Movement
losses
in funds
£
£
646
(3,983)
(38,240)
(38,240)
(37,594)
(42,223)
(1,197)
(370)
-
500
(1,197)
130
(38,791)
(42,093)|
|---|---|---|---|---|
|||||(42,223)
(370)
500|
|||||130|
|||||(42,093)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Building fund
Joyce Nicholson Bequest
**Restricted funds**
Professor M Jackson legacy
**TOTAL FUNDS**|At 1.1.20
£
58,673
360,000
491,091
909,764
36,019
945,783|Net
movement
in funds
£
(11,611)
-
(656)
(12,267)
2,430
(9,837)|At
31.12.21
£
47,062
360,000
490,435|
|---|---|---|---|
||||897,497
38,449|
||||935,946|
continued...
Page 16
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **15. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Joyce Nicholson Bequest
**Restricted funds**
Professor M Jackson legacy
Bequest to support bridge subscriptions
in 2021
**TOTAL FUNDS**|Incoming
resources
£
88,967
(12)
88,955
1,313
500
1,813
90,768|Resources
expended
£
(100,444)
(4,446)
(104,890)
(1,236)
(500)
(1,736)
(106,626)|Gains and
Movement
losses
in funds
£
£
(134)
(11,611)
3,802
(656)
3,668
(12,267)
2,353
2,430
-
-
2,353
2,430
6,021
(9,837)|
|---|---|---|---|
## **16. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
Page 17
**Arnside Educational Institute**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2021**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 December 2021**|||
|---|---|---|
||31.12.21|31.12.20|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|66|-|
|Legacies|-|500|
|Government grants|20,783|14,754|
|Subscriptions|1,599|2,417|
||22,448|17,671|
|**Investment income**|||
|Income from listed investments|1,616|15,430|
|Deposit account interest|6|127|
||1,622|15,557|
|**Charitable activities**|||
|Library rental|8,740|8,619|
|Hire of rooms|4,242|5,029|
|Snooker|1,725|910|
|Bridge|1,409|1,440|
|Table tennis|696|660|
||16,812|16,658|
|**Total incoming resources**|40,882|49,886|
|**EXPENDITURE**|||
|**Investment management costs**|||
|Portfolio management|4,028|780|
|**Charitable activities**|||
|Wages|16,690|16,693|
|Pensions|272|287|
|Rates and water|453|450|
|Insurance|1,591|1,632|
|Light and heat|2,592|2,535|
|Telephone|1,494|1,458|
|Postage and stationery|740|542|
|Sundries|1,152|1,291|
|Repairs and renewals|19,750|22,683|
|Carried forward|44,734|47,571|
This page does not form part of the statutory financial statements
Page 18
**Arnside Educational Institute**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**for the Year Ended 31 December 2021**|||
||31.12.21|31.12.20|
||£|£|
|**Charitable activities**|||
|Brought forward|44,734|47,571|
|Towels, cleaning and hygiene|1,152|1,479|
|Grants to institutions|100|600|
|Grants to individuals|2,088|1,424|
||48,074|51,074|
|**Support costs**|||
|**Governance costs**|||
|Independent examiner fees|1,336|1,334|
|Total resources expended|53,438|53,188|
|**Net expenditure before gains and losses**|(12,556)|(3,302)|
|**Realised recognised gains and losses**|||
|Realised gains/(losses) on fixed asset|||
|investments|44,812|(38,791)|
|**Net income/(expenditure)**|32,256|(42,093)|
This page does not form part of the statutory financial statements
Page 19