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2024-12-31-accounts

Charity registration number: 526894

Arnside Educational Institute

Annual Report and Financial Statements

for the Year Ended 31 December 2024

Arnside Educational Institute

Contents (continued)

Reference and Administrative Details 1
Trustees' Report 2 to 4
Statement of Trustees' Responsibilities 5
Independent Examiner's Report 6
Statement of Financial Activities 7 to 8
Balance Sheet 9
Notes to the Financial Statements 10 to 21

Arnside Educational Institute

Reference and Administrative Details

Trustees Johnathan Race, Chair from 23 March 2024 Ms J Pritchard, Vice Chair from 23 March 2024 Mr J Fitzgerald, Secretary Mr N Webster, Treasurer Mr R Horncastle Mrs P Thompson Mrs D Clubb, Resigned 23 March 2024 Dr V Mautner Vincent Stringer John Christopher Gibbs, Resigned 9 July 2024 Mr A Sturdee Mrs Janet Hargreaves Charity Registration Number 526894 Principal Office Church Hill Arnside LA5 0DF Independent Examiner Stables Thompson & Briscoe Chartered Accountants & Statutory Auditors Lowther House Lowther Street Kendal LA9 4DX

Page 1

Arnside Educational Institute

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024.

Objectives and activities

Objects 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 £1,881 (2023 - £1,982) 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.

Grant making policies

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 £32,582 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.

Use of volunteers

The Trustees are grateful for the efforts of volunteers who were involved in service provision and fundraising.

Achievements and performance

The Institute provided facilities for the activities listed above to take place. Numbers attending continues to be strong. The Institute also achieved Hallmark 2 during the year (run byACTion in Cumbria).

Financial review

The trustees consider the financial position of the Institute to be very healthy thanks to the bequest by Joyce Nicholson.

Page 2

Arnside Educational Institute

Trustees' Report (continued)

Policy on reserves

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 £8,417 (2023 - £16,991) which equates to around two months unrestricted expenditure. The charity will be aiming to increase free reserves now that significant works have been completed.

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.

Structure, governance and management

Nature of 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.

Recruitment and appointment of 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.

Financial instruments

Objectives and policies

The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Page 3

Arnside Educational Institute

Trustees' Report (continued)

Cash flow risk

The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.

Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.

Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

The annual report was approved by the trustees of the charity on 1 April 2025 and signed on its behalf by:

......................................... Johnathan Race Trustee

Page 4

Arnside Educational Institute

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for 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 comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees of the charity on 1 April 2025 and signed on its behalf by:

......................................... Johnathan Race Trustee

Page 5

Arnside Educational Institute

Independent Examiner's Report to the trustees of Arnside Educational Institute

I report to the trustees on my examination of the accounts of Arnside Educational Institute for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of Arnside Educational Institute 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 Arnside Educational Institute's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 Arnside Educational Institute 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 accounting 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 Chartered Accountants & Statutory Auditors Lowther House Lowther Street Kendal LA9 4DX

Date:.............................

Page 6

Arnside Educational Institute

Statement of Financial Activities for the Year Ended 31 December 2024

Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
5
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Gains/losses on investment assets
Net income/(expenditure)
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
3,065
42,159
226
14,608
60,058
(3,771)
(51,592)
(55,363)
4,858
9,553
(2,895)
6,658
846,016
852,674		 Restricted
funds
£
45,158
-
-
982
46,140
(181)
(49,583)
(49,764)
299
(3,325)
2,895
(430)
34,118
33,688		 Total
2024
£
48,223
42,159
226
15,590
106,198
(3,952)
(101,175)
(105,127)
5,157
6,228
-
6,228
880,134
886,362

The notes on pages 10 to 21 form an integral part of these financial statements. Page 7

Arnside Educational Institute

Statement of Financial Activities for the Year Ended 31 December 2024 (continued)

Prior year comparatives
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
5
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Gains/losses on investment assets
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
3,443
43,084
535
20,240
67,302
(3,676)
(62,324)
(66,000)
15,694
16,996
16,996
829,020
846,016		 Restricted
funds
£
8,040
-
-
1,443
9,483
(262)
(9,322)
(9,584)
1,144
1,043
1,043
33,075
34,118		 Total
2023
£
11,483
43,084
535
21,683
76,785
(3,938)
(71,646)
(75,584)
16,838
18,039
18,039
862,095
880,134

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 19.

The notes on pages 10 to 21 form an integral part of these financial statements. Page 8

Arnside Educational Institute

(Registration number: 526894) Balance Sheet as at 31 December 2024

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
16
Creditors: Amounts falling due within one year
17
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
19
Unrestricted income funds
Unrestricted funds
Total funds
19		 2024
£
360,000
516,839
876,839
341
12,673
13,014
(3,491)
9,523
886,362
33,688
852,674
886,362		 2023
£
360,000
502,506
862,506
1,071
20,005
21,076
(3,448)
17,628
880,134
34,118
846,016
880,134

The financial statements on pages 7 to 21 were approved by the trustees, and authorised for issue on 1 April 2025 and signed on their behalf by:

......................................... Johnathan Race Trustee

The notes on pages 10 to 21 form an integral part of these financial statements. Page 9

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Arnside Educational Institute meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Page 10

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Research and development

Research and development expenditure is written off as incurred.

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Page 11

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Page 12

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2 Income from donations and legacies

Grants, including capital grants;
Grants from other charities
Regular giving and capital donations		 Unrestricted
funds
General
£
-
3,065
3,065		 Restricted
funds
£
45,158
-
45,158		 Total
2024
£
45,158
3,065
48,223

Page 13

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants from other charities
Regular giving and capital donations
3
Income from charitable activities
Library rental
Hire of rooms
Snooker
Bridge
Table tennis
Other income		 Unrestricted
funds
General
£
45
-
3,398
3,443
Unrestricted
funds
General
£
11,246
16,709
3,868
6,515
3,800
21
42,159		 Restricted
funds
£
-
8,040
-
8,040
Total
2024
£
11,246
16,709
3,868
6,515
3,800
21
42,159		 Total
2023
£
45
8,040
3,398
11,483
Total
2023
£
10,762
18,150
4,060
6,522
3,081
509
43,084

4 Income from other trading activities

Trading income;
Sales of goods and services
Total for 2024
Total for 2023		 Unrestricted
funds
General
£
226
226
535		 Total
funds
£
226
226
535

Page 14

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

5 Investment income

Interest receivable and similar
income;
Interest receivable on bank
deposits
Other income from fixed asset
investments
Total for 2024
Total for 2023		 Unrestricted funds
Designated
£
General
£
-
463
14,145
-
14,145
463
19,401
839		 Restricted
funds
£
-
982
982
1,443		 Total
funds
£
463
15,127
15,590
21,683

6 Expenditure on raising funds

a) Investment management costs

Note
Other investment management costs;
Amounts payable to investment managers
Total for 2024
Total for 2023		 Unrestricted
funds
Designated
£
3,771
3,771
3,676		 Restricted
funds
£
181
181
262		 Total
funds
£
3,952
3,952
3,938
Total
costs
£

Page 15

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

7 Expenditure on charitable activities

Grants payable to individuals
Wages and salaries
Rates and water
Light, heat and power
Insurance
Repairs and maintenance
Capital projects
Telephone
Printing, postage and stationery
Sundry expenses
Cleaning
Governance costs
Grants payable to institutions
Grants payable to individuals
Wages and salaries
Rates and water
Light, heat and power
Insurance
Repairs and maintenance
Capital projects
Telephone
Printing, postage and stationery
Sundry expenses
Cleaning
Governance costs		 Unrestricted
funds
General
£
350
23,145
1,090
7,374
2,217
9,282
-
2,404
584
2,195
1,606
1,345
51,592
Unrestricted
funds
General
£
600
700
21,194
1,111
7,434
2,138
22,086
-
1,597
460
1,995
1,479
1,530
62,324		 Restricted
funds
£
1,531
-
-
-
-
-
48,052
-
-
-
-
-
49,583
Restricted
funds
£
-
1,282
-
-
-
-
-
8,040
-
-
-
-
-
9,322		 Total
2024
£
1,881
23,145
1,090
7,374
2,217
9,282
48,052
2,404
584
2,195
1,606
1,345
101,175
Total
2023
£
600
1,982
21,194
1,111
7,434
2,138
22,086
8,040
1,597
460
1,995
1,479
1,530
71,646

Page 16

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

8 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Total for 2024
Total for 2023		 Unrestricted
funds
General
£
1,345
1,345
1,530		 Total
funds
£
1,345
1,345
1,530

9 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

10 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Pension costs		 2024
£
22,554
591
23,145		 2023
£
20,804
390
21,194

No employee received emoluments of more than £60,000 during the year

11 Independent examiner's remuneration

Examination of the financial statements 2024
£
1,345		 2023
£
1,530

Page 17

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

12 Taxation

The charity is a registered charity and is therefore exempt from taxation.

13 Tangible fixed assets

Cost
At 1 January 2024
At 31 December 2024
Depreciation
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
14 Fixed asset investments
Other investments		 Land and
buildings
£
360,000		 Total
£
360,000
360,000
-
360,000
360,000
2023
£
502,506
360,000
-
360,000
360,000
2024
£
516,839

Page 18

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

Other investments

Cost or Valuation
At 1 January 2024
Revaluation
Additions
Disposals
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
15 Debtors
Trade debtors
Prepayments
16 Cash and cash equivalents
Cash on hand
Cash at bank
Short-term deposits
17 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 Listed
investments
£
502,506
5,157
15,127
(5,951)
516,839
516,839
502,506
2024
£
341
-
341
2024
£
4
12,669
-
12,673
2024
£
772
174
1,170
1,375
3,491		 Listed
investments
£
502,506
5,157
15,127
(5,951)
516,839
516,839
502,506
2024
£
341
-
341
2024
£
4
12,669
-
12,673
2024
£
772
174
1,170
1,375
3,491		 Total
£
502,506
5,157
15,127
(5,951)
516,839
516,839
502,506
2023
£
-
1,071
516,839
516,839
502,506
2024
£
341
-
341
2024
£
4
12,669
-
12,673
2024
£
772
174
1,170
1,375
3,491
1,071
2023
£
1
7,209
12,795
20,005
2023
£
802
106
1,010
1,530
3,448

Page 19

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

18 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £591 (2023 - £390).

19 Funds

Unrestricted funds
General
General fund
Designated
Building fund
Joyce Nicholson Bequest
Total unrestricted funds
Restricted funds
Professor M Jackson legacy
Capital project
Total restricted funds
Total funds
Prior year comparatives
Unrestricted funds
General
General fund
Designated
Building fund
Joyce Nicholson Bequest
Total unrestricted funds		 Balance
at 1
January
2024
£
16,991
360,000
469,025
829,025
846,016
34,118
-
34,118
880,134
Balance at 1
January
2023
£
31,413
360,000
437,606		 Incoming
resources
£
Resources
expended
£
Transfers
£
Other
recognised
gains/(losses)
£
Balance
at 31
December
2024
£
45,913
(51,592)
(2,895)
-
8,417
-
-
-
-
360,000
14,145
(3,771)
-
4,858
484,257
14,145
(3,771)
-
4,858
844,257
60,058
(55,363)
(2,895)
4,858
852,674
982
(1,711)
-
299
33,688
45,158
(48,053)
2,895
-
-
46,140
(49,764)
2,895
299
33,688
106,198
(105,127)
-
5,157
886,362
Incoming
resources
£
Resources
expended
£
Other
recognised
gains/(losses)
£
Balance at
31
December
2023
£
47,902
(62,324)
-
16,991
-
-
-
360,000
19,401
(3,676)
15,694
469,025
19,401
(3,676)
15,694
829,025
67,303
(66,000)
15,694
846,016
Page 20		 Incoming
resources
£
Resources
expended
£
Transfers
£
Other
recognised
gains/(losses)
£
Balance
at 31
December
2024
£
45,913
(51,592)
(2,895)
-
8,417
-
-
-
-
360,000
14,145
(3,771)
-
4,858
484,257
14,145
(3,771)
-
4,858
844,257
60,058
(55,363)
(2,895)
4,858
852,674
982
(1,711)
-
299
33,688
45,158
(48,053)
2,895
-
-
46,140
(49,764)
2,895
299
33,688
106,198
(105,127)
-
5,157
886,362
Incoming
resources
£
Resources
expended
£
Other
recognised
gains/(losses)
£
Balance at
31
December
2023
£
47,902
(62,324)
-
16,991
-
-
-
360,000
19,401
(3,676)
15,694
469,025
19,401
(3,676)
15,694
829,025
67,303
(66,000)
15,694
846,016
Page 20		 Balance
at 31
December
2024
£
8,417
360,000
484,257
844,257
852,674
33,688
-
33,688
886,362
797,606 829,025
829,019 846,016

Arnside Educational Institute

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

Balance at
Balance at 1 Other 31
January Incoming Resources recognised December
2023 resources expended gains/(losses) 2023
Prior year comparatives £ £ £ £ £
Restricted
Professor M Jackson legacy 33,075 1,443 (1,544) 1,144 34,118
Total funds 862,094 68,746 (67,544) 16,838 880,134
20 Analysis of net assets between funds
Total funds at
Unrestricted funds Restricted 31 December
General Designated funds 2024
£ £ £ £
Tangible fixed assets - 360,000 - 360,000
Fixed asset investments - 484,257 32,582 516,839
Current assets 11,908 - 1,106 13,014
Current liabilities (3,491) - - (3,491)
Total net assets 8,417 844,257 33,688 886,362
Total funds at
Unrestricted funds Restricted 31 December
General Designated funds 2023
£ £ £ £
Tangible fixed assets - 360,000 - 360,000
Fixed asset investments - 469,025 33,481 502,506
Current assets 20,439 - 637 21,076
Current liabilities (3,448) - - (3,448)
Total net assets 16,991 829,025 34,118 880,134

21 Related party transactions

There were no related party transactions in the year.

Page 21

Arnside Educational Institute

Statement of Financial Activities by fund for the Year Ended 31 December 2024

Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Gains/losses on investment assets
Net income
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
Unrestricted
Funds
2024
£
3,065
42,159
226
14,608
60,058
(3,771)
(51,592)
(55,363)
4,858
9,553
(2,895)
6,658
846,016
852,674		 Total
Unrestricted
Funds
2023
£
3,443
43,084
535
20,240
67,302
(3,676)
(62,324)
(66,000)
15,694
16,996
-
16,996
829,020
846,016

This page does not form part of the statutory financial statements. Page 22

Arnside Educational Institute

Statement of Financial Activities by fund for the Year Ended 31 December 2024 (continued)

Income and Endowments from:
Donations and legacies
Investment income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Gains/losses on investment assets
Net (expenditure)/income
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
Restricted
Funds
2024
£
45,158
982
46,140
(181)
(49,583)
(49,764)
299
(3,325)
2,895
(430)
34,118
33,688		 Total
Restricted
Funds
2023
£
8,040
1,443
9,483
(262)
(9,322)
(9,584)
1,144
1,043
-
1,043
33,075
34,118

This page does not form part of the statutory financial statements. Page 23

Arnside Educational Institute

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

Income and Endowments from:
Donations and legacies (analysed below)
Charitable activities (analysed below)
Other trading activities (analysed below)
Investment income (analysed below)
Total income
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Gains/losses on investment assets
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2024
£
48,223
42,159
226
15,590
106,198
(3,952)
(101,175)
(105,127)
5,157
6,228
6,228
880,134
886,362		 Total
2023
£
11,483
43,084
535
21,683
76,785
(3,938)
(71,646)
(75,584)
16,838
18,039
18,039
862,095
880,134

This page does not form part of the statutory financial statements. Page 24

Arnside Educational Institute

Detailed Statement of Financial Activities for the Year Ended 31 December 2024 (continued)

Donations and legacies
Appeals and donations
Community Action Northumbria
Cumbria Community Foundation - Home from Home Fund - Front
doors
Bernard Sunley Foundation Grant
Harold and Alice Bridges Grant
Cumbria Community Foundation - Holehird panel
The Roseland Trust
Making a Locally Difference
Cumberland Council
Subscriptions
Charitable activities
Library rental
Hire of rooms
Snooker
Bridge
Table tennis
Other income
Other trading activities
Sales of AIE book
Investment income
Income from listed investments JNB
Income from listed investments Jackson Bequest
Interest on cash deposits
Raising funds
Portfolio management costs JNB
Portfolio management costs Jackson Bequest
Charitable activities
Grants payable - institutions
Grants payable - individuals		 Total
2024
£
-
21,960
2,000
5,000
2,000
1,500
2,028
1,000
9,670
3,065
48,223
11,246
16,709
3,868
6,515
3,800
21
42,159
226
226
14,145
982
463
15,590
(3,771)
(181)
(3,952)
-
(350)		 Total
2023
£
45
8,040
-
-
-
-
-
-
-
3,398
11,483
10,762
18,150
4,060
6,522
3,081
509
43,084
535
535
19,401
1,443
839
21,683
(3,676)
(262)
(3,938)
(600)
(700)

This page does not form part of the statutory financial statements. Page 25

Arnside Educational Institute

Detailed Statement of Financial Activities for the Year Ended 31 December 2024 (continued)

Grants payabble to individuals Jackson Bequest
Rates and water
Light, heat and power
Insurance
Repairs and maintenance
Capital projects
Telephone and fax
Printing, postage and stationery
Sundry expenses
Cleaning
Wages and salaries
Staff pensions (Defined contribution)
Independent examiner's fee		 Total
2024
£
(1,531)
(1,090)
(7,374)
(2,217)
(9,282)
(48,052)
(2,404)
(584)
(2,195)
(1,606)
(22,554)
(591)
(1,345)
(101,175)		 Total
2023
£
(1,282)
(1,111)
(7,434)
(2,138)
(22,086)
(8,040)
(1,597)
(460)
(1,995)
(1,479)
(20,804)
(390)
(1,530)
(71,646)

This page does not form part of the statutory financial statements. Page 26