**REGISTERED CHARITY NUMBER: 526894**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2022**
## **for**
## **Arnside Educational Institute**
S�ables Thompson & Briscoe L�d Char�ered Acco�n�an�s & B�siness Ad�isors Lo��her Ho�se Lo��her S�ree� Kendal LA9 4DX
**Arnside Educational Institute**
## **Contents of the Financial Statements for the Year Ended 31 December 2022**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|�o|3|
|**Independent E�aminer's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|�o|15|
|**Detailed Statement of Financial Activities**|16|�o|17|
**Arnside Educational Institute**
**Reference and Administrative Details for the Year Ended 31 December 2022**
**TRUSTEES** Mr R Horncas�le Chair Mrs P Thompson Vice Chair Mrs S I Harrison Secre�ar� Mr N Webs�er Treas�rer Mrs D Cl�bb Mr R Harrison Dr V Ma��ner Mr M Whi�marsh (resigned 2.4.22) J P Da�ies J C Gibbs J Race V S�ringer E M Wal�ers **PRINCIPAL ADDRESS** Ch�rch Hill Arnside LA5 0DF **REGISTERED CHARITY** 526894 **NUMBER INDEPENDENT EXAMINER** S�ables Thompson & Briscoe L�d Char�ered Acco�n�an�s & B�siness Ad�isors Lo��her Ho�se Lo��her S�ree� Kendal LA9 4DX
Page 1
**Arnside Educational Institute**
## **Report of the Trustees for the Year Ended 31 December 2022**
The Tr�s�ees presen� �heir repor� and �he �na�di�ed financial s�a�emen�s of �he chari�� for �he �ear ended 31 December 2022. The �r�s�ees ha�e adop�ed �he pro�isions of �he S�a�emen� of Recommended Prac�ice (SORP) "Acco�n�ing and Repor�ing b� Chari�ies" in preparing �he ann�al repor� and financial s�a�emen�s of �he chari��.
The financial s�a�emen�s ha�e been prepared in accordance �i�h �he acco�n�ing policies se� o�� in no�es �o �he acco�n�s and compl� �i�h �he chari��'s go�erning doc�men�, �he Chari�ies Ac� 2011 and Acco�n�ing and Repor�ing b� Chari�ies: S�a�emen� of Recommended Prac�ice applicable �o chari�ies preparing �heir acco�n�s in accordance �i�h �he Financial Repor�ing S�andard applicable in �he UK and Rep�blic of Ireland p�blished in Oc�ober 2019.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal objec�i�es of �he chari�� are:
1. To promo�e �he ed�ca�ion of persons residing in �he parish of Arnside and s�rro�nding areas.
2. The land ma� be �sed as a �illage hall for �se b� �he inhabi�an�s of �he area of benefi� �i�ho�� dis�inc�ion of poli�ical, religio�s or o�her opinions, incl�ding �se for:
a. mee�ings, lec��res and classes;
b. o�her forms of recrea�ion and leis�re-�ime occ�pa�ion, �i�h �he objec� of impro�ing �he condi�ions of life for �he inhabi�an�s.
## **Public benefit**
The ins�i���e a�arded ed�ca�ional gran�s amo�n�ing �o �3,682 (2021 - �1,588) in �he �ear.
O�her ac�i�i�ies ha�e con�in�ed as in pre�io�s �ears, �i�h �he hire of �he Ins�i���e for ac�i�i�ies s�ch as Badmin�on & Table Tennis, Comp��er Cl�b, embroider� classes, Scrabble, Pila�es, dance classes, Archi�e Gro�p as �ell as Snooker facili�ies and �he Bridge Cl�b.
The �r�s�ees confirm �ha� �he� ha�e complied �i�h �he req�iremen�s of sec�ion 17 of �he Chari�ies Ac� 2011 �o ha�e d�e regard �o �he p�blic benefi� g�idance p�blished b� �he Chari�� Commission for England and Wales.
## **Grantmaking**
The scheme has allo�ed �he chari�� �o make ed�ca�ional gran�s, �hich are made �o college and �ni�ersi�� s��den�s from �he �illage and �o comm�ni�� associa�ions �hich co�ld sho� an ed�ca�ional elemen� in �heir projec�s. De�ails of ho� �o appl� for gran�s ma� be ob�ained from �he Office Manager.
A beq�es� of �40,000 �as lef� b� Dr Margare� Jackson for disad�an�aged children of Arnside, �o be adminis�ered b� �he Tr�s�ees. A� presen� �31,156 is in�es�ed �i�h N�cle�s Financial Ser�ices L�d and f�nds are dra�n from �his in�es�men� as req�ired �o make gran�s. Enq�iries abo�� gran�s ma� be made �hro�gh �he Office Manager or �hro�gh Arnside Na�ional C.E. School.
## **Volunteers**
The Tr�s�ees are gra�ef�l for �he effor�s of �ol�n�eers �ho �ere in�ol�ed in ser�ice pro�ision and f�ndraising.
## **FINANCIAL REVIEW**
## **Financial position**
The �r�s�ees consider �he financial posi�ion of �he Ins�i���e �o be �er� heal�h� �hanks �o �he beq�es� b� Jo�ce Nicholson.
## **Investment polic� and objectives**
Jo�ce Nicholson lef� �he Ins�i���e an in�es�men� por�folio �hich is managed b� N�cle�s Financial Ser�ices L�d �nder �he g�idance of an Independen� Financial Ad�isor, RDBIFS L�d. The in�es�men�s are in a mi���re of Eq�i�ies, Proper�� and Fi�ed In�eres� F�nds. The �al�e of �he in�es�men�s fell b� �63,804 in �he �ear d�e �o c�rren� marke� condi�ions.
## **Reserves polic�**
I� is �he polic� of �he chari�� �o main�ain �nres�ric�ed f�nds, �hich are �he free reser�es of �he chari��, a� a le�el �hich appro�ima�es �o abo�� si� mon�hs �nres�ric�ed e�pendi��re. This does no� incl�de �he Margare� Jackson beq�es� �hich �he �r�s�ees ha�e se� aside in accordance �i�h �he benefac�or's �ishes. Free reser�es as a� �he end of �he �ear end �ere �31,413 (2021 - �47,062) �hich eq�a�es �o aro�nd se�en mon�hs �nres�ric�ed e�pendi��re. The chari�� does no� feel �his is e�cessi�e.
Page 2
**Arnside Educational Institute**
## **Report of the Trustees for the Year Ended 31 December 2022**
## **FINANCIAL REVIEW**
## **Covid during the �ear**
Whils� �he res�ric�ions on opening beca�se of co�id �ere lif�ed in J�l� 2021, �he effec�s of limi�ed n�mbers a��ending ac�i�i�ies and f�nc�ions con�in�ed d�ring 2022. The Ins�i���e recei�ed gran�s of �3,167 �o help offse� �he loss if income.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The chari�� is con�rolled b� i�s go�erning doc�men�, a deed of �r�s� and cons�i���es an �nincorpora�ed chari��.
The Arnside Ed�ca�ional Ins�i���e �as fo�nded in 1873, �o promo�e social ac�i�i�ies and ed�ca�ional and c�l��ral in�eres�s. The original �r�s� deed (�hich en�isaged a school) �as o�� of da�e and �he Tr�s�ees agreed a ne� Cons�i���ion or 'Scheme' �i�h �he Chari�� Commissioners da�ed 13 Oc�ober 2003.
## **Recruitment and appointment of ne� trustees**
The Ins�i���e is managed b� �he Officers and �he Commi��ee of Tr�s�ees. Vario�s s�b-commi��ees also e�is� �o manage differen� aspec�s of �he Ins�i���e's ac�i�i�ies, and all repor� �o �he Commi��ee of Tr�s�ees.
The Commi��ee of Tr�s�ees consis�s of si� appoin�ed commi��ee members �ho represen� �ser organisa�ions and �ho are elec�ed a� a mee�ing of represen�a�i�es prior �o �he AGM and si� commi��ee members �ho are elec�ed a� �he AGM. From �hese ��el�e members �he fo�r officers are elec�ed a� �he AGM. All commi��ee members are elec�ed for a �erm of one �ear. Up �o ��o addi�ional commi��ee members ma� be co-op�ed d�ring �he �ear a� a special mee�ing.
Mos� members join �o �ake par� in one or more of �he ac�i�i�ies a� �he Ins�i���e. There are o�er 200 members and man� o�her reg�lar �sers of �he Ins�i���e facili�ies.
The Tr�s�ees mee� eigh� �imes a �ear, or �hereabo��s, �o recei�e repor�s of progress and make plans for �he f���re. The da� �o da� �ork is carried o�� b� �he s�b-commi��ees, namel� Finance and Ho�se & Gardens commi��ees.
The Tr�s�ees ha�e e�amined �he major s�ra�egic, b�siness and opera�ional risks �hich �he chari�� faces and confirm �ha� s�s�ems ha�e been es�ablished �o keep �hese risks accep�abl� small.
Appro�ed b� order of �he board of �r�s�ees on 16 March 2023 and signed on i�s behalf b�:
Mr R Horncas�le - Tr�s�ee
Page 3
**Independent E�aminer's Report to the Trustees of Arnside Educational Institute**
## **Independent e�aminer's report to the trustees of Arnside Educational Institute**
I repor� �o �he chari�� �r�s�ees on m� e�amina�ion of �he acco�n�s of Arnside Ed�ca�ional Ins�i���e (�he Tr�s�) for �he �ear ended 31 December 2022.
## **Responsibilities and basis of report**
As �he chari�� �r�s�ees of �he Tr�s� �o� are responsible for �he prepara�ion of �he acco�n�s in accordance �i�h �he req�iremen�s of �he Chari�ies Ac� 2011 ('�he Ac�').
I repor� in respec� of m� e�amina�ion of �he Tr�s�'s acco�n�s carried o�� �nder Sec�ion 145 of �he Ac� and in carr�ing o�� m� e�amina�ion I ha�e follo�ed all applicable Direc�ions gi�en b� �he Chari�� Commission �nder Sec�ion 145(5)(b) of �he Ac�.
## **Independent e�aminer's statement**
I ha�e comple�ed m� e�amina�ion. I confirm �ha� no ma�erial ma��ers ha�e come �o m� a��en�ion in connec�ion �i�h �he e�amina�ion gi�ing me ca�se �o belie�e �ha� in an� ma�erial respec�:
1. acco�n�ing records �ere no� kep� in respec� of �he Tr�s� as req�ired b� Sec�ion 130 of �he Ac�; or
2. �he acco�n�s do no� accord �i�h �hose records; or
3. �he acco�n�s do no� compl� �i�h �he applicable req�iremen�s concerning �he form and con�en� of acco�n�s se� o�� in �he Chari�ies (Acco�n�s and Repor�s) Reg�la�ions 2008 o�her �han an� req�iremen� �ha� �he acco�n�s gi�e a �r�e and fair �ie� �hich is no� a ma��er considered as par� of an independen� e�amina�ion.
I ha�e no concerns and ha�e come across no o�her ma��ers in connec�ion �i�h �he e�amina�ion �o �hich a��en�ion sho�ld be dra�n in �his repor� in order �o enable a proper �nders�anding of �he acco�n�s �o be reached.
Helen Holmes FCA BSc ICAEW S�ables Thompson & Briscoe L�d Char�ered Acco�n�an�s & B�siness Ad�isors Lo��her Ho�se Lo��her S�ree� Kendal LA9 4DX
Da�e: .............................................
Page 4
**Arnside Educational Institute**
## **Statement of Financial Activities for the Year Ended 31 December 2022**
|No�es
**INCOME AND ENDOWMENTS FROM**
Dona�ions and legacies
2
**Charitable activities**
4
Hall le��ings
Bridge members ann�al s�bscrip�ions
In�es�men� income
3
**Total**
**EXPENDITURE ON**
Raising f�nds
5
**Charitable activities**
6
Gran�s �o Ins�i���ions
Ed�ca�ional gran�s �o indi�id�als
Hall le��ings
Independen� e�aminer fees
Bridge members ann�al s�bscrip�ions
**Total**
Ne� gains/(losses) on in�es�men�s
**NET INCOME/(EXPENDITURE)**
**Transfers bet�een funds**
15
**Net movement in funds**
**RECONCILIATION OF FUNDS**
To�al f�nds bro�gh� for�ard
**TOTAL FUNDS CARRIED FORWARD**|Unres�ric�ed
f�nds
�
5,128
28,520
-
10,594
44,242
3,785
600
2,100
42,982
1,458
-
50,925
(59,326)
(66,009)
(2,468)
(68,477)
897,497
829,020|Res�ric�ed
f�nds
�
2,800
100
-
983
3,883
297
-
1,582
5,368
-
-
7,247
(4,478)
(7,842)
2,468
(5,374)
38,449
33,075|31.12.22
To�al
f�nds
�
7,928
28,620
-
11,577
48,125
4,082
600
3,682
48,350
1,458
-
58,172
(63,804)
(73,851)
-
(73,851)
935,946
862,095|31.12.21
To�al
f�nds
�
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
-|
|||||32,256
903,690|
|||||935,946|
The no�es form par� of �hese financial s�a�emen�s
Page 5
**Arnside Educational Institute**
## **Balance Sheet 31 December 2022**
|No�es
**FIXED ASSETS**
Tangible asse�s
12
In�es�men�s
13
**CURRENT ASSETS**
Cash a� bank
**CREDITORS**
Amo�n�s falling d�e �i�hin one �ear
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
LIABILITIES
**NET ASSETS**
**FUNDS**
15
Unres�ric�ed f�nds
Res�ric�ed f�nds
**TOTAL FUNDS**|Unres�ric�ed
f�nds
�
360,000
437,607
797,607
34,385
(2,972)
31,413
829,020
829,020|Res�ric�ed
f�nds
�
-
31,156
31,156
1,919
-
1,919
33,075
33,075|31.12.22
To�al
f�nds
�
360,000
468,763
828,763
36,304
(2,972)
33,332
862,095
862,095
829,020
33,075
862,095|31.12.21
To�al
f�nds
�
360,000
527,384
887,384
51,244
(2,682)
48,562
935,946
935,946
897,497
38,449
935,946|
|---|---|---|---|---|
The financial s�a�emen�s �ere appro�ed b� �he Board of Tr�s�ees and a��horised for iss�e on 16 March 2023 and �ere signed on i�s behalf b�:
Mr R Horncas�le - Tr�s�ee
The no�es form par� of �hese financial s�a�emen�s
Page 6
**Arnside Educational Institute**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The chari�� cons�i���es a p�blic benefi� en�i�� as defined b� FRS 102. The financial s�a�emen�s ha�e been prepared in accordance �i�h Acco�n�ing and Repor�ing b� Chari�ies: S�a�emen� of Recommended Prac�ice applicable �o chari�ies preparing �heir acco�n�s in accordance �i�h �he Financial Repor�ing S�andard applicable in �he UK and Rep�blic of Ireland iss�ed in Oc�ober 2019, �he Financial Repor�ing S�andard applicable in �he Uni�ed Kingdom and Rep�blic of Ireland (FRS 102), �he Chari�ies Ac� 2011 and UK Generall� Accep�ed Acco�n�ing Prac�ice.
The financial s�a�emen�s are prepared on a going concern basis �nder �he his�orical cos� con�en�ion, modified �o incl�de cer�ain i�ems a� fair �al�e. The financial s�a�emen�s are presen�ed in s�erling �hich is �he f�nc�ional c�rrenc� of �he chari�� and ro�nded �o �he neares� �.
The significan� acco�n�ing policies applied in �he prepara�ion of �hese financial s�a�emen�s are se� o�� belo�. These policies ha�e been consis�en�l� applied �o all �ears presen�ed �nless o�her�ise s�a�ed.
## **Income**
All income is recognised in �he S�a�emen� of Financial Ac�i�i�ies once �he chari�� has en�i�lemen� �o �he f�nds, i� is probable �ha� �he income �ill be recei�ed and �he amo�n� can be meas�red reliabl�.
Dona�ed facili�ies and dona�ed professional ser�ices are recognised in income a� �heir fair �al�e �hen �heir economic benefi� is probable, i� can be meas�red reliabl� and �he chari�� has con�rol o�er �he i�em. Fair �al�e is de�ermined on �he basis of �he �al�e of �he gif� �o �he chari��. For e�ample, �he amo�n� �he chari�� �o�ld be �illing �o pa� in �he open marke� for s�ch facili�ies and ser�ices. A corresponding amo�n� is recognised in e�pendi��re.
No amo�n� is incl�ded in �he financial s�a�emen�s for �ol�n�eer �ime in line �i�h �he SORP.
For legacies, en�i�lemen� is �he earlier of �he chari�� being no�ified of an impending dis�rib��ion or �he legac� being recei�ed. A� �his poin� income is recognised. On occasion legacies �ill be no�ified �o �he chari�� ho�e�er i� is no� possible �o meas�re �he amo�n� e�pec�ed �o be dis�rib��ed. On �hese occasions, �he legac� is �rea�ed as a con�ingen� asse� and disclosed.
Income from �rading ac�i�i�ies incl�des income earned from f�ndraising e�en�s and �rading ac�i�i�ies �o raise f�nds for �he chari��. Income is recei�ed in e�change for s�ppl�ing goods and ser�ices in order �o raise f�nds and is recognised �hen en�i�lemen� has occ�rred.
The chari�� recei�es go�ernmen� gran�s in respec� of hall ref�rbishmen�. Income from go�ernmen� and o�her gran�s are recognised a� fair �al�e �hen �he chari�� has en�i�lemen� af�er an� performance condi�ions ha�e been me�, i� is probable �ha� �he income �ill be recei�ed and �he amo�n� can be meas�red reliabl�. If en�i�lemen� is no� me� �hen �hese amo�n�s are deferred.
In�es�men� income is earned �hro�gh holding asse�s for in�es�men� p�rposes s�ch as shares and proper��. I� incl�des di�idends, in�eres� and ren�. Where i� is no� prac�icable �o iden�if� in�es�men� managemen� cos�s inc�rred �i�hin a scheme �i�h reasonable acc�rac� �he in�es�men� income is repor�ed ne� of �hese cos�s. I� is incl�ded �hen �he amo�n� can be meas�red reliabl�. In�eres� income is recognised �sing �he effec�i�e in�eres� me�hod and di�idend and ren� income is recognised as �he chari��'s righ� �o recei�e pa�men� is es�ablished.
## **E�penditure**
Liabili�ies are recognised as e�pendi��re as soon as �here is a legal or cons�r�c�i�e obliga�ion commi��ing �he chari�� �o �ha� e�pendi��re, i� is probable �ha� a �ransfer of economic benefi�s �ill be req�ired in se��lemen� and �he amo�n� of �he obliga�ion can be meas�red reliabl�. E�pendi��re is acco�n�ed for on an accr�als basis and has been classified �nder headings �ha� aggrega�e all cos� rela�ed �o �he ca�egor�. Where cos�s canno� be direc�l� a��rib��ed �o par�ic�lar headings �he� ha�e been alloca�ed �o ac�i�i�ies on a basis consis�en� �i�h �he �se of reso�rces.
Gran�s offered s�bjec� �o condi�ions �hich ha�e no� been me� a� �he �ear end da�e are no�ed as a commi�men� b�� no� accr�ed as e�pendi��re.
con�in�ed...
Page 7
**Arnside Educational Institute**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Tangible fi�ed assets**
Freehold land and b�ildings are held a� �al�a�ion �hich is re�ie�ed on a reg�lar basis.
The la�es� �al�a�ion �as a� 31 December 2019 and �as done b� �he �r�s�ees.
Land is no� depreciable and as �he proper�� is main�ained �o a high s�andard �he �r�s�ees belie�e an� deprecia�ion charge is no� ma�erial and ins�ead ha�e reg�lar impairmen� re�ie�s.
## **Ta�ation**
The chari�� is e�emp� from �a� on i�s chari�able ac�i�i�ies.
## **Fund accounting**
Unres�ric�ed f�nds can be �sed in accordance �i�h �he chari�able objec�i�es a� �he discre�ion of �he �r�s�ees.
Res�ric�ed f�nds can onl� be �sed for par�ic�lar res�ric�ed p�rposes �i�hin �he objec�s of �he chari��. Res�ric�ions arise �hen specified b� �he donor or �hen f�nds are raised for par�ic�lar res�ric�ed p�rposes.
F�r�her e�plana�ion of �he na��re and p�rpose of each f�nd is incl�ded in �he no�es �o �he financial s�a�emen�s.
## **Pension costs and other post-retirement benefits**
The chari�� opera�es a defined con�rib��ion pension scheme. Con�rib��ions pa�able �o �he chari��'s pension scheme are charged �o �he S�a�emen� of Financial Ac�i�i�ies in �he period �o �hich �he� rela�e.
## **Investments**
In�es�men�s are recognised ini�iall� a� fair �al�e �hich is normall� �he �ransac�ion price e�cl�ding �ransac�ion cos�s. S�bseq�en�l�, �he� are meas�red a� fair �al�e �i�h changes recognised in 'ne� gains / (losses) on in�es�men�s' in �he SoFA if �he shares are p�blicl� �raded or �heir fair �al�e can o�her�ise be meas�red reliabl�.
## **2. DONATIONS AND LEGACIES**
|Dona�ions
Go�ernmen� gran�s
S�bscrip�ions
Gran�s from o�her chari�ies|31.12.22
�
30
2,667
2,431
2,800
7,928|31.12.21
�
66
20,783
1,599
-|
|---|---|---|
|||22,448|
The Ins�i���e recei�ed �2,300 �o�ards �he cos�s of ref�rbishing �he N & S Pla��s room �hich �ill be �sed �o displa� archi�e ma�erial rela�ing �o Jo�ce Nicholson.
## **3. INVESTMENT INCOME**
|Income from lis�ed in�es�men�s
Deposi� acco�n� in�eres�|31.12.22
�
11,266
311
11,577|31.12.21
�
1,616
6|
|---|---|---|
|||1,622|
con�in�ed...
Page 8
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **4. INCOME FROM CHARITABLE ACTIVITIES**
|Ac�i�i��
Librar� ren�al
Hall le��ings
Hire of rooms
Hall le��ings
Snooker
Hall le��ings
Bridge
Hall le��ings
Table �ennis
Hall le��ings
O�her income
Hall le��ings
Bridge
Bridge members ann�al s�bscrip�ions
**5.**
**RAISING FUNDS**
**Investment management costs**
Por�folio managemen�
**6.**
**CHARITABLE ACTIVITIES COSTS**
Gran�
f�nding of
ac�i�i�ies
Direc�
(see no�e
Cos�s
7)
�
�
Gran�s �o Ins�i���ions
-
600
Ed�ca�ional gran�s �o indi�id�als
-
3,682
Hall le��ings
48,350
-
Independen� e�aminer fees
-
-
48,350
4,282
**7.**
**GRANTS PAYABLE**
Gran�s �o Ins�i���ions
Ed�ca�ional gran�s �o indi�id�als
Bridge members ann�al s�bscrip�ions
The �o�al gran�s paid �o ins�i���ions d�ring �he �ear �as as follo�s:
Arnside Broadshee�
Arnside Na�ional School - Organisa�ion Gran�|31.12.22
�
9,457
10,065
3,130
4,288
1,560
120
-
28,620
31.12.22
�
4,082
S�ppor�
cos�s (see
no�e 8)
�
-
-
-
1,458
1,458
31.12.22
�
600
3,682
-
4,282
31.12.22
�
100
500
600|31.12.21
�
8,740
4,242
1,725
909
696
-
500|31.12.21
�
8,740
4,242
1,725
909
696
-
500|
|---|---|---|---|
|||16,812||
|||31.12.21
�
4,028
To�als
�
600
3,682
48,350
1,458||
||||To�als
�
600
3,682
48,350
1,458|
||||54,090|
|||31.12.21
�
100
1,588
500
2,188
31.12.21
�
100
-
100||
||||100|
con�in�ed...
Page 9
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **8. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
||Go�ernance|
||cos�s|
||�|
|Independen� e�aminer fees|1,458|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There �ere no �r�s�ees' rem�nera�ion or o�her benefi�s for �he �ear ended 31 December 2022 nor for �he �ear ended 31 December 2021.
## **Trustees' e�penses**
There �ere no �r�s�ees' e�penses paid for �he �ear ended 31 December 2022 nor for �he �ear ended 31 December 2021.
## **10. STAFF COSTS**
|Wages and salaries
O�her pension cos�s
The a�erage mon�hl� n�mber of emplo�ees d�ring �he �ear �as as follo�s:
Office manager and care�aker
No emplo�ees recei�ed emol�men�s in e�cess of �60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unres�ric�ed
f�nds
�
**INCOME AND ENDOWMENTS FROM**
Dona�ions and legacies
22,448
**Charitable activities**
Hall le��ings
16,312
Bridge members ann�al s�bscrip�ions
500
In�es�men� income
1,622
**Total**
40,882
**EXPENDITURE ON**
Raising f�nds
3,666
**Charitable activities**
Gran�s �o Ins�i���ions
100
Ed�ca�ional gran�s �o indi�id�als
1,200
Hall le��ings
45,886
Independen� e�aminer fees
1,336
Bridge members ann�al s�bscrip�ions
-|31.12.22
�
17,473
320
17,793
31.12.22
2
Res�ric�ed
f�nds
�
-
-
-
-
-
362
-
388
-
-
500|31.12.21
�
16,690
272
16,962
31.12.21
2
To�al
f�nds
�
22,448
16,312
500
1,622|
|---|---|---|
|||40,882|
|||4,028
100
1,588
45,886
1,336
500|
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
con�in�ed...
Page 10
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unres�ric�ed
Res�ric�ed
To�al
f�nds
f�nds
f�nds
�
�
�
**Total**
52,188
1,250
53,438
Ne� gains on in�es�men�s
41,262
3,550
44,812
**NET INCOME**
29,956
2,300
32,256
**RECONCILIATION OF FUNDS**
To�al f�nds bro�gh� for�ard
867,541
36,149
903,690
**TOTAL FUNDS CARRIED FORWARD**
897,497
38,449
935,946
**12.**
**TANGIBLE FIXED ASSETS**
Freehold
proper��
Car park
To�als
�
�
�
**COST**
A� 1 Jan�ar� 2022 and 31 December 2022
300,000
60,000
360,000
**NET BOOK VALUE**
A� 31 December 2022
300,000
60,000
360,000
A� 31 December 2021
300,000
60,000
360,000
The proper�ies �ere re�al�ed in 2019 b� �he �r�s�ees.
The proper�ies �ere �al�ed on �he basis of one occ�pa�ional lease on an e�is�ing �se basis.
There are no records for a cos� basis. The proper�ies �ere �al�ed in 2000 ini�iall� for incorpora�ion in�o �h
acco�n�s and ha�e been re�al�ed on a reg�lar basis since.
**13.**
**FIXED ASSET INVESTMENTS**|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unres�ric�ed
Res�ric�ed
To�al
f�nds
f�nds
f�nds
�
�
�
**Total**
52,188
1,250
53,438
Ne� gains on in�es�men�s
41,262
3,550
44,812
**NET INCOME**
29,956
2,300
32,256
**RECONCILIATION OF FUNDS**
To�al f�nds bro�gh� for�ard
867,541
36,149
903,690
**TOTAL FUNDS CARRIED FORWARD**
897,497
38,449
935,946
**12.**
**TANGIBLE FIXED ASSETS**
Freehold
proper��
Car park
To�als
�
�
�
**COST**
A� 1 Jan�ar� 2022 and 31 December 2022
300,000
60,000
360,000
**NET BOOK VALUE**
A� 31 December 2022
300,000
60,000
360,000
A� 31 December 2021
300,000
60,000
360,000
The proper�ies �ere re�al�ed in 2019 b� �he �r�s�ees.
The proper�ies �ere �al�ed on �he basis of one occ�pa�ional lease on an e�is�ing �se basis.
There are no records for a cos� basis. The proper�ies �ere �al�ed in 2000 ini�iall� for incorpora�ion in�o �h
acco�n�s and ha�e been re�al�ed on a reg�lar basis since.
**13.**
**FIXED ASSET INVESTMENTS**||To�al
f�nds
�|
|---|---|---|---|
||||53,438|
||||44,812|
||||32,256
903,690|
||||935,946|
|||||
|||||
||**MARKET VALUE**
A� 1 Jan�ar� 2022
Addi�ions
Disposals
Re�al�a�ions
A� 31 December 2022
**NET BOOK VALUE**
A� 31 December 2022
A� 31 December 2021|Lis�ed
in�es�men�s
�
527,384
91,031
(85,848)
(63,804)
468,763
468,763
527,384||
There are no records for a cos� basis. The proper�ies �ere �al�ed in 2000 ini�iall� for incorpora�ion in�o �he acco�n�s and ha�e been re�al�ed on a reg�lar basis since.
||Lis�ed|
|---|---|
||in�es�men�s|
||�|
|**MARKET VALUE**||
|A� 1 Jan�ar� 2022|527,384|
|Addi�ions|91,031|
|Disposals|(85,848)|
|Re�al�a�ions|(63,804)|
|A� 31 December 2022|468,763|
|**NET BOOK VALUE**||
|A� 31 December 2022|468,763|
|A� 31 December 2021|527,384|
con�in�ed...
Page 11
**Arnside Educational Institute**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **13. FIXED ASSET INVESTMENTS - continued**
There �ere no in�es�men� asse�s o��side �he UK.
## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade credi�ors
Ta�a�ion and social sec�ri��
O�her credi�ors
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General f�nd
B�ilding f�nd
Jo�ce Nicholson Beq�es�
**Restricted funds**
Professor M Jackson legac�
Norma and S�e�ar� Pla��'s room
CCF gran� �o s�ppor� �he older genera�ion
�i�h room ren�als
**TOTAL FUNDS**
Ne� mo�emen� in f�nds, incl�ded in �he abo�e are
**Unrestricted funds**
General f�nd
**Restricted funds**
Professor M Jackson legac�
Norma and S�e�ar� Pla��'s room
CCF gran� �o s�ppor� �he older genera�ion
�i�h room ren�als
**TOTAL FUNDS**||A� 1.1.22
�
47,062
360,000
490,435
897,497
38,449
-
-
38,449
935,946
s follo�s:
Incoming
reso�rces
�
44,242
983
2,400
500
3,883
48,125||Ne�
mo�emen�
in f�nds
�
(66,009)
-
-
(66,009)
(5,374)
(2,968)
500
(7,842)
(73,851)
Reso�rces
e�pended
�
(50,925)
(1,879)
(5,368)
-
(7,247)
(58,172)||31.12.22
�
578
121
2,273
2,972
Transfers
be��een
f�nds
�
(2,468)
-
-
(2,468)
-
2,968
(500)
2,468
-
Gains and
losses
�
(59,326)
(4,478)
-
-
(4,478)
(63,804)|31.12.21
�
516
125
2,041
2,682
A�
31.12.22
�
(21,415)
360,000
490,435
829,020
33,075
-
-
33,075
862,095
Mo�emen�
in f�nds
�
(66,009)
(5,374)
(2,968)
500
(7,842)
(73,851)|
|---|---|---|---|---|---|---|---|
|||||||||
|||||||||
|||||||||
||a|||||||
## **15. MOVEMENT IN FUNDS**
con�in�ed...
Page 12
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **15. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|**Unrestricted funds**
General f�nd
B�ilding f�nd
Jo�ce Nicholson Beq�es�
**Restricted funds**
Professor M Jackson legac�
Beq�es� �o s�ppor� bridge s�bscrip�ions in
2021
**TOTAL FUNDS**|A� 1.1.21
�
54,690
360,000
452,851
867,541
35,649
500
36,149
903,690|Ne�
mo�emen�
in f�nds
�
(7,628)
-
37,584
29,956
2,800
(500)
2,300
32,256|A�
31.12.21
�
47,062
360,000
490,435|
|---|---|---|---|
||||897,497
38,449
-|
||||38,449|
||||935,946|
Compara�i�e ne� mo�emen� in f�nds, incl�ded in �he abo�e are as follo�s:
|**Unrestricted funds**
General f�nd
Jo�ce Nicholson Beq�es�
**Restricted funds**
Professor M Jackson legac�
Beq�es� �o s�ppor� bridge s�bscrip�ions in
2021
**TOTAL FUNDS**|Incoming
reso�rces
�
40,894
(12)
40,882
-
-
-
40,882|Reso�rces
e�pended
�
(47,742)
(4,446)
(52,188)
(750)
(500)
(1,250)
(53,438)|Gains and
Mo�emen�
losses
in f�nds
�
�
(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
Mo�emen�
losses
in f�nds
�
�
(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|
con�in�ed...
Page 13
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **15. MOVEMENT IN FUNDS - continued**
A c�rren� �ear 12 mon�hs and prior �ear 12 mon�hs combined posi�ion is as follo�s:
|**Unrestricted funds**
General f�nd
B�ilding f�nd
Jo�ce Nicholson Beq�es�
**Restricted funds**
Professor M Jackson legac�
Beq�es� �o s�ppor� bridge s�bscrip�ions in
2021
Norma and S�e�ar� Pla��'s room
CCF gran� �o s�ppor� �he older genera�ion
�i�h room ren�als
**TOTAL FUNDS**|A� 1.1.21
�
54,690
360,000
452,851
867,541
35,649
500
-
-
36,149
903,690|Ne�
mo�emen�
in f�nds
�
(73,637)
-
37,584
(36,053)
(2,574)
(500)
(2,968)
500
(5,542)
(41,595)|Transfers
be��een
f�nds
�
(2,468)
-
-
(2,468)
-
-
2,968
(500)
2,468
-|A�
31.12.22
�
(21,415)
360,000
490,435
829,020
33,075
-
-
-
33,075
862,095|
|---|---|---|---|---|
A c�rren� �ear 12 mon�hs and prior �ear 12 mon�hs combined ne� mo�emen� in f�nds, incl�ded in �he abo�e are as follo�s:
|**Unrestricted funds**
General f�nd
Jo�ce Nicholson Beq�es�
**Restricted funds**
Professor M Jackson legac�
Beq�es� �o s�ppor� bridge s�bscrip�ions in
2021
Norma and S�e�ar� Pla��'s room
CCF gran� �o s�ppor� �he older genera�ion
�i�h room ren�als
**TOTAL FUNDS**|Incoming
reso�rces
�
85,136
(12)
85,124
983
-
2,400
500
3,883
89,007|Reso�rces
e�pended
�
(98,667)
(4,446)
(103,113)
(2,629)
(500)
(5,368)
-
(8,497)
(111,610)|Gains and
Mo�emen�
losses
in f�nds
�
�
(60,106)
(73,637)
42,042
37,584
(18,064)
(36,053)
(928)
(2,574)
-
(500)
-
(2,968)
-
500
(928)
(5,542)
(18,992)
(41,595)|
|---|---|---|---|
con�in�ed...
Page 14
**Arnside Educational Institute**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **16. RELATED PARTY DISCLOSURES**
There �ere no rela�ed par�� �ransac�ions for �he �ear ended 31 December 2022.
Page 15
**Arnside Educational Institute**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2022**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 December 2022**|||
|---|---|---|
||31.12.22|31.12.21|
||�|�|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Dona�ions|30|66|
|Go�ernmen� gran�s|2,667|20,783|
|S�bscrip�ions|2,431|1,599|
|Gran�s from o�her chari�ies|2,800|-|
||7,928|22,448|
|**Investment income**|||
|Income from lis�ed in�es�men�s|11,266|1,616|
|Deposi� acco�n� in�eres�|311|6|
||11,577|1,622|
|**Charitable activities**|||
|Librar� ren�al|9,457|8,740|
|Hire of rooms|10,065|4,242|
|Snooker|3,130|1,725|
|Bridge|4,288|1,409|
|Table �ennis|1,560|696|
|O�her income|120|-|
||28,620|16,812|
|**Total incoming resources**|48,125|40,882|
|**EXPENDITURE**|||
|**Investment management costs**|||
|Por�folio managemen�|4,082|4,028|
|**Charitable activities**|||
|Wages|17,473|16,690|
|Pensions|320|272|
|Ra�es and �a�er|726|453|
|Ins�rance|2,001|1,591|
|Ligh� and hea�|3,127|2,592|
|Telephone|1,168|1,494|
|Pos�age and s�a�ioner�|420|740|
|S�ndries|1,175|1,152|
|Repairs and rene�als|15,299|19,750|
|To�els, cleaning and h�giene|1,273|1,152|
|N & S Pla��s e�penses|5,368|-|
|Gran�s �o ins�i���ions|600|100|
|Gran�s �o indi�id�als|3,682|2,088|
||52,632|48,074|
This page does no� form par� of �he s�a���or� financial s�a�emen�s
Page 16
**Arnside Educational Institute**
## **Detailed Statement of Financial Activities**
## **for the Year Ended 31 December 2022**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 December 2022**|||
|---|---|---|
||31.12.22|31.12.21|
||�|�|
|**Support costs**|||
|**Governance costs**|||
|Independen� e�aminer fees|1,458|1,336|
|To�al reso�rces e�pended|58,172|53,438|
|**Net e�penditure before gains and losses**|(10,047)|(12,556)|
|**Realised recognised gains and losses**|||
|Realised gains/(losses) on fi�ed asse� in�es�men�s|(63,804)|44,812|
|**Net (e�penditure)/income**|(73,851)|32,256|
This page does no� form par� of �he s�a���or� financial s�a�emen�s
Page 17