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|---|---|---|---|---|---|---|
|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|
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|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|||
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||||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|
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||||||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|
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|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|
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|||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|
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|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|
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|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|
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||||||||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|
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||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|
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||||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|
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|||||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|