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2022-03-31-accounts

						Page
Trustees' annual report (incorporating the			director's	report)
Independent examiner's report		to the trustees
Statement offinancial	activities	(including	income and
expenditure account)
Statement offinancial	position
Notes to the financial	statements
The following pages	do not form part ofthe financial				statements
Detailed statement of	financial	activities				I9
Notes to the detailed	statement	offinancial	activities			2t

Registered		charity	name	name	Walford Mil! Education	Trust Lim1ed	Trust Lim1ed
Charity registration			number		1049540
Company	registration			number	03107540
Principal office and			registered		Walford Mill CraR Centre
office					Stone Lane
					Wimbome
					Dorset
					BH21 1NL
The trustees					Mr J P Allen
					Mrs K A Allen
					Mr C J Brown
					Mrs Natalie Jane Chan	(appointed	10 November 2021)
					Mr D M Cromplon
					Mr M Kochar
					Mrs L McClean
					Mr TWheeler
Independent		examiner			Mr Stephen J Frost
					Unit C, Regent House
					9Crown Square
					Poundbury
					Dorset
					DT1 3DY

			Y	ear end	ed 31 It(larch	2022
						2022		2021
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
				No e	6	6	6
Income and	endowments
Donations and legacies					21,386		21,386	67,231
Investment	income				161		161	230
Other Income					50,431		50,431	25,760
Total Income					71,978		71,978	93,221
Expenditure
Expenditure	on charitable	activities		8,9	(61,007)		(61,007)	(59,398)
Total expenditure					(61,007)		(61,007)	(59,398)
Net Income	and net movement		in	funds	10,971		10,971	33,823
Reconciliation offunds
Total funds	brought forward				113,421	4,359	117,780	83,957
Total funds	carried forward				124,392	4,359	128,75'I	117,780

					2D22		2021
				Note			6
Fixed assets
Tangible fixed assets				15		65,896	70,606
Current assets
Debtors				16	7,726		2,324
Cash at bank and	in	hand			62,809		56,188
					70,535		58,512
Creditors: amounts		falling	due within one year	17	7,68D		11,338
Net current assets						62,855	47,174
Total assets less	current		liabilities			128,751	117,780
Net assets						128,751	117,780
Funds ofthe charity
Restricted funds						4,359	4,359
Unrestricted funds						124,392	113,421
Total charity funds				18		128,751	117,780

over the use	ful economic life o	fthat	asset as follows	:
Leasehold	property		Over remaining	term oflease
Fixtures and fittings			15%reducing	balance
Display and	office equipment	-	15%reducing	balance

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
			6
Grants
Arts Development	Company			8,125	8,125
Dorset Counctl		10,000	10,0DD	4,000	4,000
Wimborne Town	Council			1,700	1,700
Arts Council England				13,000	13,000
Covid Grants		9,792	9,792	39,143	39,143
		21,386	21,386	67,231	67,231

Investment income
	Unrestncted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	5	5
Bank interest receivable	161	161	230	230
Other income
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
				c
Rents received	47,712	47,712	25,660	25,660
Sundry Income	2,719	2,719	100	100
	50,431	50,431	25,760	25,760

Expenditure on charitable	activities by fund type
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	5
Craft Centre	57,060	57,06D	54,836	54,836
Support costs	3,947	3,947	4,562	4,562
	61,007	61,007	59,398	59,398

9.	Expenditure	on charita	bl	e acti	vities by	activity typ	e
						Activdies
						undertaken	Support		Total	funds	Total fund
						directly	coals F			2022 f	2021
	Craft Centre					57,060			57,060		54,836
	Governance	costs					3,947			3,947	4,562
						57,060	3,947		61,007		59,398
10.	Analysis of	support costs
							Analysis	of
							support costs
							activity	1	Total 2022		Total 2021
										6	5
	Governance	costs					3,949			3,949	4,561
11.	Net income
	Net income is stated afler			charging/(crediting):
										2022 f	2021 F
	Depreciation	oftangible	fixed assets							4,710	5,117
12.	Independent	examination		fees
										2022	2021
	Fees payable	to the independent			examiner	for:
	Independent	examination		ofthe	financial statements					1,899	1,799

16.	Tangible fixed asset	s
					Display 8
			Land and	Fixtures and	Office
			buildings	fittings	Equipment	Total
			F			F
	Cost
	At 1 April 2021 and	31 INarch 2022	92,251	39,505	17,011	148,767
	Depreciation
	At 1 April 2021		37,046	27,393	13,722	78,161
	Charge for the year		2,400	1,817	493	4,710
	At 31 March 2022		39,446	29,210	14,215	82,871
	Carrying amount
	At 31 March 2022		52,805	10,295	2,796	65,896
	At 31 March 2021		55,205	12,112	3,289	70,606
16.	Debtors
					2022	2021
					8	F
	Trade debtors				4,160	2,324
	Prepayments and accrued income				3,566
					7)726	2,324
17.	Creditors: amounts	falling due within	one year
					2022	2021
						F
	Trade creditors				2,290	2,476
	Accruels end deferred	income			4,840	8,312
	Other creditors				550	550
					7,680	11,338

							At
			At			31	llllarch 20
			1 April 2021	Income	Expenditure		22
				E			c
Unrestricted	Funds		113,421	71,978	(61,007)		124,392
							At
			At			31	March 20
			1 April 2020	Income	Expenditure		21
				8			f
Unrestricted	Funds		79,598	93,221	(59,398)		113,421
Restricted funds
							At
			At			31	March 20
			1 April 2021	income	Expenditure		22
				F	8		8
Bridge Fund			4,359				4,359
							At
			At			31	March 20
			1 April 2020 f	Income 5	Expenditure L		21 5
Bridge Fund			4,359				4,359
Analysis of	net assets between funds
				Unrestricted	Restricted	Total Funds
				Funds 5	Funds		2022 f
Tangible fixed assets				65,896			65,896
Current assets				66,176	4.359		70,535
Creditors less than		1 year		(7,680)			(7,680)
Net assets				124,392	4,359		128,751
				Unrestricted	Restricted	Total Funds
				Funds	Funds		2021
				6
Tangible fixed assets				70,606			70,606
Current assets				54,153	4,359		58,512
Creditors less than		1 year		(11,338)			(11,338)
Net assets				113,421	4,359		117,780

	Company Limited Detailed Statement of Year ended 31	by Guarantee Financial Activities March 2022
		2022	2021
		5
Income and endowments
Donations and legacies
Donations and subscriptions		1,594	1,263
Arts Development	Company		8,125
Dorset Council		'I0,000	4,000
Wimborne Town	Council		1,700
Arts Council England			13,000
Covid Grants		9,792	39,143
		21,386	67,231
Investment income
Bank interest receivable			230
Other Income
Rents received		47,712	25,660
Sundry income		2,719	100
		50,431	25,760
Total income		71,978	93,221

			2022	2021
				9
Expenditure
Expenditure on charitable		activities
Wages and salaries			16,966	14,670
Rates and water			382	1,098
Light and heat			4,696	7,557
Repairs and maintenance			6,873	5,952
Insurance			2,642	2,203
Legal and professional	fees		2,010	1,799
Telephone			1,357	1,236
Other office costs			72	104
Depreciation			4,710	5,117
Print, post and stationary			2,311	1,752
Computer expenses			2,938	1,249
Cleaning			3,526	6,636
Bank charges			90	378
Publicity			284	111
Sundry expenses			1,051	800
Tutor fees			11,100	8,480
Training				196
			61,007	59,398
Total expenditure			61,007	59,398
Net income			10,971	33,823

				Year ended	31 March 202	2
						2022	2021
						6
Expenditure	on charitable		activities
Craft Centre
AcVvttfes undertaken		direcVy
Wages						15,028	11,907
Rates &water						382	1,098
Light 8 heat						4,696	7,557
Repairs 8maintenance Insurance						6,873 2,642	5,952 2,203
Telephone						1,357	1,236
Staff Welfare						72	104
Depreciation						4,710	5,117
Print, post and stationary						2,311	1,752
Computer expenses						2,938	1,249
Cleaning						3,526	6,636
Bank charges						90	378
Publicity						284	171
Sundry expenses						1,051	800
Tutor fees						11,100	8,480
Training							196
						57,060	54,836
Governance	costs
Governance	costs - wages/salaries					1,937	2,763
Governance	costs - accountancy			fees		1,899	1,799
Governance	costs - legal and other professional				fees	111
						3,947	4,562
Expenditure	on charitable		activities			61,007	59,398