COMPANY REGISTRATION NUMBER: 03107540
CHARITY REGISTRATION NUMBER: 1049540
Walford Mill Education Trust Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
FROST & COMPANY
Chartered Accountants
Unit C, Regent House
9 Crown Square
Poundbury
Dorset
DT13DY

Walford Mill Education Trust Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independent examinerfs report to the trustees
Statement of financial activities (including income and
expenditure account)
Ststement of financial position
Notes to the financial statements
10
The following pages do not fomi part of the financial statements
Detailed statement of financial activities
19
Notes to the detailed statement of financial activities
20

Walford Mill Education Trust Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2024
The trustees. who are also the directors for the purposes of company law. present their report and the
unaudited financial ststements of the chanty for the year ended 31 March 2024.
Reference and administrative details
Registered charity name
Walford Mill Education Trust Limited
Charity registration number
1049540
Company registration number 03107540
Prfncipal office and registered Walford Mill Craft Centre
office
Stone Lane
Immborne
Dorset
BH21 1NL
The trustees
MsNJChan
Mrs L R Mcclean
MrGEHoar
Mr T ￿￿eeler
Mr M K(￿har
Mrs J E Hinton
Mr J P Allen
Mrs K A Allen
(Retired 6 December 2023)
(Appointed 6 December 2023)
Independent examiner
Mr Stephen J Frost
Unit C, Regent House
9 Crown Square
Poundbury
Dorset
DT13DY

Walford Mill Education Trust Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (confrnuedj
Year ended 31 March 2024
Structure. govemance and management
Wafford Mill Education Trust Limtted ks a charitable company limited by guarantee. The company is
govemed by tts Memorandum and Articles of AssociatK)n dated 28 September 1995 and amended on
16 August 2001.
The objects of the charty are to promote, maintsin and advance education and training particularly in
the arts and crafts. It is registered with the Charity Commission. registered number 1049540.
Members (Friends) of the Trust
Walford Mill has 18 members (as of 31 March 2024). We a￿ grateful to the contribution from some of
our'Friends' and other members of the public who gNe up their time to volunteer for us.
In the event of the company being wound up members are required to contribute an amount not
exceeding £1.
Appointment of Trustees
The trustees who have served during the year and since year end are set out on page 1. The trustees
are not ￿rnUnerated.
As set out in the Articles of AsSoCpt￿n the Council shall consist of a President, one or more Vice
Presidents, a Treasurer and Secretary rf considered appropriate, all of whc#n must be members of the
Trust. together with not less than ten or more than tsventy other members of the Trust. The offices of
Treasurer and Secretary may be held by one person. The landlord of Wafford Mill shall be entitled to
nominate up to two members of the Council.
Al each Annual General meeting one third of the Council shall retire from office. or if the number of such
members eligible to retum is not three or a multiple of three, then the number nearest to one third shall
retire from office. At every such Annual General Meeting the Trust shall elect members of the Council.
The officers of the Trust for the ensuing year shall be appointed by the Council at their first rn￿ting after
each such Annual General Meeting as aforesaid, and any vacancy in any such offi￿, during the course
of the year shall be filled by the Council. Any member of the Council who ceases for any cause to be a
member of the Trust shall ipso facto vacate offr£ as a member of the Council.
Trustees Induction and Training
New members of the Council of Management are grven an induction to the charity. Board members are
invited to attend outside training events when appropriate and when they become available.
Governance and Organisational Structure
Simon Pine, a fonner Trustee and Chairman of the charity was appointed PresKlent and assumed his
role at our AGM in December 2023.
The Council of Management comprises of eight members who detennine the policy of the Trust, one of
whom is the Chaimian. This includes a member of Dorset Council. Financial constraints have meant
that the Charty no longer employs a Chief Executive The related duties are now carried out by various

Walford Mill Education Trust Limited
Company Limited by Gudrantee
Trustees. Annual Report (Incorporating the Directorfs Report) (conthiued)
Year ended 31 March 2024
members of the Board. Meetings are held every three months. In addition to those identified in the
Articles, a representstNe Wimbome Town Council is also invited to be a Board member. A
representative from the Arts Development Company and an Officer from Dorset Council are also invrted
to attend board Meetings as obseNers. A member of the ReS￿￿ent Makers and our Education Officer
also attend to provide information updates.
As fnancial constraints prevent us from employing a full-time Chief Executive. we have divided
responsibilitEs into six pillars which have been shared between the trustees. These are".
Charity RelationslGovemance
Business Liaison & Oversight
Budget & Finances
Building & Facilities Management
MarketinglPR
Fund RaisingEvent Manage￿￿nt
The Trust employs three part-time staff to manage the administration, bookkeeping, site management
and social media.
Objectives and activtties
Objectives
Walford Mill Education Trust Limited is a charity whose aim is: _
1. To promote. maintain. improve and advance education and training in the arts and crafts, and
to support artists and makers generally, but particularly those in the South-west of England.
2. To improve the qualty of the artistic programme
Public Benefft
We beneffted the public by providing exhibrtbons on a wide range of art and craft subjects during the
year. These were free for the public to engage with and enjoy. At the same time, we delivered paid
workshop sessions in a WKle range of craft subjects, for both adults and children, which were
educational, infonnative and instructrie. As well as providing paid workshops for children, we also
provided outreach prOgramff￿s for children. which were free of charge.
Risk Management
Risk Management is a central part of our organisation's strategic management. The Council of
Management monitors the situation on a regular basis with a view to keeping risks to a minimum. We
methodically address the risks attached to our activities with the goal of achieving sustained benefrt
wrthin each activty and across the portfolio of all our aCtIv￿"e$. The focus is to identfy these risks and
look at how they might affect our organisation and tis objectives. We look at the risks facing our
organisation and its operations from both exiemal and internal factors including strategic, operational.
financial and compliance risks.

Walford Mill Education Trust Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directovs Report) (contlnued)
Year ended 31 March 2024
Summary of Pollcles and Procedures
The charity recognises the need for procedures and policies to ensure appropriate management of its
relationships with its staff. volunteers, resident makers, and visitors. The following policies and
procedures, which are reviewed annually are in place and are readily available to all those that they
affect.
Sickness Absence Policy
Grievance Policy and Procedure
Problem Solving Procedure
Disciplinary Policy and Procedure for staff
Disciplinary Policy and Procedure for volunteers, including Makers and Trustees
Volunteer Policy
Health & Safety Policy
Privacy Policy
Employee Privacy Policy
GDPR Policy & Register of Systems
Whistleblowing Policy
Anti-Bultying & Harassment Policy Stalement
Equality Policy
Environmental Policy
Safeguarding Policy
Smoking Policy
Security Policy
Safe working at Walford Mill Policy
Strateglc report
The following sections for achievements and performance and financial review fomi the strategic report
of the charty.

Walford Mill Education Trust Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (contlnued)
Year ended 31 March 2024
Achievements and perfomiance
Exhibitions are an essential aspect of how the Charty meets its aims and objects and our first exhibrtion
of the year was no exception. An outreach project with tsventy, year 12 art and photography students
from Queen Elrzabeth's School, the exhibition showed drawings, prints, collage and sculptures created
by the students, based on great women throughout history. All together we curated 16 exhibitions in the
year including four by resident Makers- past and present as well as emerging Makers exhibiting for the
first time, which was provided free and the Artist was supported throughout whole exhibition process
including, planning, advertising, framing, hanging, stewarding and selling her work.
The number of workshops facilrtated during the year increased substantially from 150 in the previous
year to over 200. The take up of adult workshops improved and children's workshops were also very
successfulwith record numbers offamilies attending the Easter and Summer School holiday workshops.
82 farnilies attended the summer holiday workshops, covering Drawing, Print, Painting, Clay, Collage
and Wire. Our after-school workshops
Create, continued to be successful with record numbers
attending.
Two free Outreach workshops for children were provided..
Walford Mill and HAFF Family Fun Oay delivered in collaboration with Dorset Council, Arts Plus and
Little Pickle Café, targeting Free School Meal Students with 4 Artists delivering 4 workshops around the
theme of Nutrition.
Outreach Planet Wimbome - a family drop-in workshop. Participants worked with artist Sarah Redmond-
Fareham to create an installation at Walford Mill about Trees and how important they are
environmentally for our survival, nature and the heath of the planet. Installation exhibited in the
Education Space for two weeks.
Fourteen drfferent tutors provided adult workshops, providing educationltfaining in embroidery, willow
weaving, jewellery making, painting, toymaking, ceramics, stencil printing, papercuts and fused glass.
We provided work experience for two students from Arts University Bournemouth, one of which was to
provide specific textile-based experience - provided by our resident Maker Debby Kirby, and the other
was to work with 8 selection of MakerslArtists, to gain general galbery experience and complete her own
artwork in a gallery studio during her placement.
Our Education Officer had been teaching a home-schooled student during the year 2022-2023. This
course ended in May 2023 and the student subsequently passed her GCSE with a grade B equivalent.
IAlhilst the use of our Pop-up space for emerging Makers was down at 23 compared with 28 in 2023,
two of the Makers have since taken up long term residency and become an essential part of our on-site
family.
By the end of the financial year eleven MakerslArtists were in ￿SidencY in our long-tenn studios. This
was the same as at the previous year-end, however the were Changes in the make-up as some
estsblished Makers had moved on and we welcomed new Makers to our family.
In order to make more effective use of our site we started holding monthly Courtyard Craft Markets in
2022. During the year to year March 2024. these have become firmly established, offering Craft Makers
an outlet for their work at relatively low charge.

Walford Mill Education Trust Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (contlnued)
Year ended 31 March 2024
Flnanclal review
The Trust's financial position continued to improve in the twelve months to 31 March 2024. Net income
was £13,630 compared with £21,458 in 2023, wrth total funds now standing at £163,839. Although our
total income was up at £97,852, expenditure also increased from £64,109 to £84,222. This was in part
due to an anticipated increase in staff costs. which rose from £12,303 in 2023 to £27,612, after we took
on another part-time employee to manage our increasing social media presence and craft market
administration.
Debtors decreased marginally from £15,028 to £14.823, and although 35'k of those were outstanding
for longer than 90 days. they were not considered to be at risk of default.
Car Parking fees from Dorset Council continued to improve and are now the Trust's largest income
stream. Th8 agreement for car parking fees is in place for the remainder of our lease.
Forward bookings for our Education Room and our monthly Craft Market continued healthily and reflect
in the increase in Accruals and deferr8d income rising to £15,992 (2023 - £12,511).
The Trust has been in receipt of a revenue grant of £10,000 pa for the past thr& years, which supported
the funding of our Education Officer. We successfully applied to the Council's Organisational Revenue
Support Fund for continued funding and will receive the same grant for the next three years, ensuring
we can continue to fund our education programme.
The Trust's hvo largest operating costs are electricity charges and waste collection. In January we
renegotiated our contract with our waste collection provider, which has reduced our ongoing costs. Our
electricity charges had been fixed at a very favourable rate for the past three years, but the current
supply contract expires in the coming financial year and will have to be renewed. It is expected that this
cost will increase.
The onsite Makers continued to volunteer considerable time to m8n8ging the Mill site on a day-t¢>day
basis, and we place on record our thanks for their generous support.
My thanks also go to my fellow trustees, for their continued support, contributing many unpaid hours to
ensure that the Charity continues to meet it aims and commitments.
The trustees, annual report and the strategic report were approved on
behalf of the board of trustees by..
Mr T F Illheeler
Twstee & Director, Walford Mill Education Trust Ltd

Walford Mill Education Trust Limited
Company Limited by Guarantee
Independent Examlner's Report to the Trustees of Walford Mill Education Trust
Limited
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Walford Mill Education Trust
Limited {'the charty,) for the year ended 31 March 2024.
Responsibilitles and basls of report
AS the trustees of the company (and also rts directors for the purposes of company law) you are
responsible for the p￿paratIOn of the financi81 statements in accordance with the requirements of the
Companies Act 2006 (Ihe 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the chanty's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In
carying out my examination I have followed the Directions given by the Charity Commission under
section 145(51{b) of the 2011 Act.
Independont examlnerfs statement
I have completed my examination. I confirm that no rnatters have come to my attention in connection
with the examination giving me cause to believe..
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act, or
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of the
2006 Act other than any requirement that the accounts give a Irue and fairf view which is not
a matter considered as part of an independent examination,. or
the financial ststements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
char¢ties applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021.
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.
Mr Stephen J Frost
Independent Examiner
Untt C, Regent House
9 Crown Square
Poundbury
Dorset
DT13DY

Walford Mill Education Trust Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Nots
Income and endowments
Donations and legacies
Investment income
Other income
10,543
1,090
86,219
10,543
1,090
86,219
97,852
10,330
452
74,785
Total income
97,852
85,567
Expendlture
Expenditure on charitable activities
Total expendlture
184,222)
184,222)
(84,222
(84,222
(64,109)
(64,109)
N•t Income and net movement In funds
13,630
13,630
21,458
R•conclllatlon of funds
Total funds brought forward
Total fund8 carrled fO￿ard
145,850
4,359
150,209
163,839
128,751
159,480
4,359
150,209
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 10 to 17 foTh part of th980 flnanclal statements.

Walford Mill Education Trust Limited
Company Limited by Guarantee
statement of Financial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
15
60,152
61,533
Current assets
Debtors
Cash at bank and in hand
16
20,875
105,656
19,238
83,849
126,531
103,087
Creditors: amounts falllng due within one year
Net current assets
17
22,844
14,411
103,687
88,676
Totsl assets less current liabilities
163,839
150,209
Net assets
163,839
150,209
Funds of the charity
Restricted funds
Unrestricted funds
4,359
159,480
4,359
145.850
Total charlty funds
18
163,839
150,209
For the year ending 31 March 2024 the charty was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company lo obtain an audit of its financial statements for the
year in question in accordance with section 476,.
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
es
financial 5tatement5 were approved by the board of trustees and aLrthorised for issue on
la￿d are signed on behalf of the board by:
Mr T Imieeler
Trustee
Tho notes on pagos 10 to 17 fomi part of these Ilnancial statements.

Walford Mill Education Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
Generdl Infomiation
The chanty is a public benefft entty and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is Walford Mill Craft Centre. Stone Lane, Wmbome, Dorset, BH21 1 NL.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicab￿ in the UK and Republic of Ireland (FRS 102) (Charrties
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilrties and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional cU￿encY of the entty.
Going concern
There are no material uncertainties about the charitrfs abilty to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimate5 and judgements are
continually reviewed and are based on experience and other factors. including expectations of
future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestrided funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are Un￿StriCted funds eamiarked by the trustees for particular future project or
commitmenL
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment
funds.
10

Walford Mill Education Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (conthu•dl
Year ended 31 March 2024
Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity, it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specffic policies are
applied to particular categories of income-.
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the c05t to the donor
or the estirnated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of seniices is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is ￿COgniSed on an accTuals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charriable trading activtties, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charty in undertaking
activities that further its charrtable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributsble to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are inrtially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impaimient losses. Any tangible assets carried at revalued amounts are recorded
at the fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impaimient losses.
11

Walford Mill Education Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements rcontinued)
Year ended 31 March 2024
Accounting policies {contlnuedJ
Tangible assets (contlnued)
An increase in the carying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless rt reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown wbthin
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to wrf(e off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows:
Leasehold property
Fixtures and fittings
Display and office equipment
Over remaining temi of lease
150/0 reducing balance
150/0 reducing balance
Impairnient of fixed assets
A review for indicators of impainnent is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Ilthere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash inflows that largely independent of the cash inflows
from other assets or groups of assets.
For impainnent testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefrt from
the synergies of the combination, irrespective of whether other assets or liabilities of the charty
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charty becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially re￿gnised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
12

Walford Mill Education Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting policies {conthu
Financial instruments (contlnuerfj
here investments in shares are publidy traded or their fair value can otherwise be measured
reliably, the investment is subsequentty measured at fair value wilh changes in fair value
recognised in income and expendrture. All other such investments are subsequently measured at
cost less impaimient.
Other finan￿al instruments. including derivattves, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business tems or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments a￿ subsequently measured at fair value, wtih any changes recognised
in the statement of financial actsvrties, with the exception of hedging instruments in a designated
hedging relationship.
Financial assets that are measured at cost or amortised cost are ￿VieWed for objective evidence
of impainnent at the end of each reporting date. If there is objecttve evidence of impairment, an
impaimient loss is recognised under the appropriate heading in the statement of financial activities
in which the initial gain was recognised.
For all equty instruments regardless of signrtunce, and other financial assets that are individually
significant, these are assessed individualty for impairment. other financial assets are either
assessed individually or grouped on the basis of similar credit risk charaderistics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
resuli in a carying amount of the financial asset that exceeds what the carying amount woukl
have been had the impainnent not previously been recognised.
Limited by guarantee
Every member promises, rf the Company is dissolved while he, or she remains a member or within
twelve months afterwards, to pay up to £1.00 towards the costs of dissoluiion and the liabilities
incurred by the Company while the contnbutor was a member.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations and subscriptions
543
330
330
Grants
Dorset Council
10.000
10.OIXI
10,000
10,000
10,543
10.S43
10,330
10,330
13

Walford Mill Education Trust Limited
Company Llmited by Guarantee
Notes to the Financial Statements (¢ontlnu•d)
Year ended 31 March 2024
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
1,090
1,090
452
452
Other income
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Rents received
Sundry income
86,219
86,219
73,642
1,143
73.642
1,143
86,219
86,219
74,785
74,785
Expendfture on charltable actlvltles by fund type
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Craft Centre
Support costs
80,142
4,080
80,142
4,080
59,661
4,448
59,661
4,448
84,222
84,222
64,109
64,109
Expendlture on charltablo actlvltles by actlvlty type
Activities
undertaken
direct
Support Total funds
costs
2024
Total fund
2023
Craft Centre
Governance costs
80,142
80,142
4,080
84,222
59,661
4,448
4,080
80,142
4,080
64,109
10. Analysls of governance costs
Analysis of
govemance
costs Total 2024 Total 2023
Staff costs
Govemance costs - Accountancy fees
Govemance costs - Legal and professional fees
2.056
2,025
2,056
2,025
1,522
1,713
1,213
4,081
4,081
4,448
14

Walford Mill Education Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements fconthiued)
Year ended 31 March 2024
11. Net income
Net income is stated after chargingl(¢rediting):
2024
2023
Depreciation of tangible fixed assets
4,363
12. Independent examination fees
2024
2023
Fees payable to the independent examiner for..
Independent examination of the financial statements
2,025
1,713
13. Staff costs
The total staff costs and employee benefrts for the reporting period are analysed as follows..
2024
2023
Wages and salaries
27.612
12.303
The average head count of employees during the year was 212023.. 2). The average number of
fulktime equivalent employees during the year is analysed as foll0v￿..
2024
2023
No.
Number of staff
No employee received employee benefits of more than £60,000 during the year (2023.. Nil).
14. Trustee remunerdtlon and expenses
No remuneration or other benefts from employrnent with the charity or a related entty were
received by the trustees.
15

Walford Mill Education Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
15. Tangible fixed assets
Display &
Office
Equipment
Land and Fixiures and
buildings
fftiings
Total
Cost
At 1 April 2023
Additions
92,251
39,505
3,163
17,011
148,767
3,163
At 31 March 2024
92.251
42,668
17,011
151,930
Depreclatlon
At 1 April 2023
Charge for the year
At 31 March 2024
41.846
2,400
30,754
1,787
14,634
357
87,234
44,246
32,541
14,991
91,778
Carrylng amount
At 31 MarGh 2024
48,005
10,127
2,020
60,152
At 31 March 2023
50.405
8,751
2,377
61,533
16. Debtorn
2024
2023
Debtors
Prepayments and accwed income
14,823
6,052
15,028
4,210
20,875
19.238
17. Credltorn: amounts falling due wlthln one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
5,661
15,992
501
690
1,246
12,511
620
22,844
14,411
16

Walford Mill Education Trust Limited
Company Limited by Guarantee
Notes to the Financial Ststements (contlnu•rfJ
Year ended 31 March 2024
18. Analysls of charitable funds
Unrestricted funds
At
Income Expenditure 31 March 24
At 1 April 23
Unrestricted Funds
145,850
97,852
(84,222)
1 $9,480
At
Income Expenditure 31 March 23
At 1 April 22
Unrestricted Funds
124.392
85,567
(64,109)
145,850
Restricted funds
At
Income Expenditure 31 March 24
At 1 April 23
Bridge Fund
4,359
4,359
At
Income Expenditure 31 March 23
At 1 April 22
Bridge Fund
4,359
4,359
19. Analysls of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
60,152
122,172
122,844)
159,480
60,152
126,531
122,844)
163,839
4,359
4,359
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
61,533
98,728
114,411)
145,850
61,533
103,087
(14,411)
150,209
4,359
4,359
17

Walford Mill Education Trust Limited
Company Limited by Guarantee
Management Inforniation
Year ended 31 March 2024
The followlng pages do not fomi part of the flnanclal statements.
18

Walford Mill Education Trust Limited
Company Limited by Guarantee
Detsiled Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Income and endowments
Donatlons and legacies
Donations and subscriptions
Dorset Council
543
10,000
10,543
330
10,000
10,330
Investment Income
Bank interest receivable
1,090
452
Other Income
Rents received
Sundry income
86,219
73.642
1,143
86,219
74,785
Total Income
97,852
85,567
Expendlture
Expenditure on charitable activltles
Wages and salaries
Rates and water
Light and heat
Repairs and maintenance
Insurance
Legal and professional fees
Telephone
Depreciation
Print, post and stationary
Computer expenses
Cleaning
Bank charges
Publicty
Sundry expenses
Tutor fees
27,612
816
7,698
5,982
3,960
2,024
1,641
12,303
3,625
9,000
3,458
2,926
1,437
4,363
2,184
690
7.011
303
2,170
330
10,745
2,764
1,243
6,514
393
3,141
896
14,994
84,222
64,109
Totsl expendlture
84,222
64,109
Net income
13.630
21,458
19

Walford Mill Education Trust Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Expenditure on charitable activities
Craft Centre
Activities undertaken directly
Wages
Rates & water
Light & heat
Repairs & maintenance
Insurance
Telephone
Depreciation
Print, post and stationary
Computer expenses
Cleaning
Bank charges
Publicty
Sundry expenses
Tutor fees
25,556
816
7.698
5.982
3,960
10,781
3,625
9,000
3,458
3,564
1,437
4.363
2,184
690
7,011
303
2,170
330
10,745
2,764
1,243
6,514
393
3,141
896
14,994
80,142
59,661
Govemance costs
Govemance costs - wageslsalaries
Govemance costs - accountancy fees
Govemance costs - legal and other professional fees
2,056
2,024
1,522
1,713
1,213
4.080
4,448
Expenditure on charitable activitie5
84,222
64.109