## **WALTON COMMUNITY FACILITIES**
(A company limited by guarantee)
**Registered Charity Nº 1051983**
**Company Nº 3140513**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
The notes on pages 12 to 16 form an integral part of these accounts.
Page 1
## **WALTON COMMUNITY FACILITIES**
## **TRUSTEE DIRECTORS’ ANNUAL REPORT and FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2021**
|**Contents**|**Page**|
|---|---|
|Trustee Directors’ Annual Report|3 – 6|
|Independent Examiner’s Report|7|
|Statement of Comprehensive Income|8|
|Statement of Financial Activities|9|
|Statement of Cash Flows|10|
|Statement of Financial Position|11|
|Notes to the Financial Statements|12 - 16|
The notes on pages 12 to 16 form an integral part of these accounts.
Page 2
## **WALTON COMMUNITY FACILITIES**
## **DIRECTORS’ REPORT**
This report contains the information required by Part 4 of the Charities Act 2011.
## **Objectives and Activities**
The objects of Walton Community Facilities, as set out in the Articles of Association, are to:
_To further or benefit the residents of the civil parish of Walton, Milton Keynes and its environs, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents._
_In furtherance of these objects but not otherwise, the trustees shall have power:_
_To establish or secure the establishment of community centres, meeting places and/or sports and recreation grounds, and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such facilities for activities promoted by the charity in furtherance of the above objects._
Walton Community Facilities leases Wavendon Gate Pavilion, a community building and sports field, from Milton Keynes Council and manages these facilities to achieve the above objects. These activities include hiring the facilities to local User Groups, many of whom are charities themselves, who provide a range of educational, social, sporting and health services in order to improve the conditions of life and social welfare and advance education for the benefit of those living in the area.
Walton Community Facilities employs a full-time Booking Clerk/Caretaker and a part-time Cleaner. Much of the day to day maintenance and redecoration is undertaken by volunteers.
The Trustees of Walton Community Facilities confirm that they have had regard to the Charity Commission’s guidance on public benefit, in that they:
- Are aware of the guidance issued by the Charity Commission
- Have taken the guidance into account when making decisions to which the guidance is relevant
- If any decisions to depart from the guidance are taken, then there are good reasons for doing so.
## **Achievements and Performance**
Lignata ltd. which has provided accountancy and payroll software to Walton Community Facilities for the past 12 years free of charge, has had to withdraw its services. Walton Community Facilities has trialled several accounting and payroll packages and has now signed a contract with Xero and migrated all of its accounts to the cloud-based solution.
BT has previously offered free web hosting facilities for charities; however, in December 2020, Walton Community Facilities were notified that this free service was being withdrawn. Walton Community Facilities have now entered a contract with Microsoft to gain access to Office 365 for email services free of charge, and Kualo for free web hosting. We will be migrating our website to Kualo during FY21-22.
Walton Community Facilities is now able to offer a chargeable WiFi service to its users, based on voucher codes that enable internet access for a specified periods of time.
The global pandemic of Covid-19 affected the usage of Wavendon Gate Pavilion, with a significant impact on the revenue derived from charitable activities; however, during this period, we have obtained grants totalling £20,241 to bolster the balance sheet, and successfully applied for Employment Allowance from HMRC, which reduces our Employers NI contributions to nill for the foreseeable future.
Despite the challenges facing Walton Community Facilities, the charity continues to ensure Wavendon Gate Pavilion is being enhanced and improved wherever possible. During the year, we have attracted one additional Trustee Director to our committee to represent another one of our user groups.
Walton Community Facilities continues to provide facilities and services (through its regular user groups) to the local community and environs to promote education, sport, health and social wellbeing, to a wide variety of users both young and old.
## **Financial Review**
The income obtained from the main charitable activities (the hire of the Hall, Cricket Facilities and Meeting Room) for the financial year 2020-21 was £15,535, down 46% compared to the previous year. Overall expenditure decreased during the year, resulting in total expenses for FY20-21 of £27,574, down 17% compared to the previous year. The charity reported a loss on its charitable activities of £12,039 for FY20-21, compared to a loss of £4,458 in the prior year.
The notes on pages 12 to 16 form an integral part of these accounts.
Page 3
However, Walton Community Facilities received grants in respect of:
- Retail, Hospitality and Leisure Grant Fund of £10,000
- MKC Business Support Package of £10,241
- HMRC Corona Virus Job Retention Scheme (Furlough): £2,942
The impact of Corona Virus on the normal charitable activities has been severe, however, several grants received during the year have bolstered the balance sheet to provide a reasonable financial cushion to weather the ongoing, global crisis.
Despite this challenging financial year, Walton Community Facilities elected to defer the price increases to our users. We expect to effect the price increases sometime during 2022, and expect these modest changes to have a positive impact on the charity’s operational profitability.
At the 31[st] March 2021, Walton Community Facilities held total funds of £56,031, of which £410 were Restricted Funds to be used on Health & Safety matters. Of the General Funds, the following have been designated or otherwise committed:
- £500 to complete the refurbishment of the ‘Cricket Kitchenette’ (UPCK). It is expected that the remaining works to the Cricket Kitchenette will be completed during FY21-22 with any residual funds being transferred to undesignated General Reserves.
- £17,741 for the re-investment in capital assets (UFCR), representing the accumulated depreciation of existing fixed assets. This perpetual fund will be expended on replacing capital assets as they are replaced; it is increased annually by the accrued depreciation for the year.
- £5,980 for the provision of employee redundancy pay (UFER) in the event that Walton Community Facilities ceases operations. This perpetual fund is reviewed annually to ensure that it can provide the minimum legal redundancy pay to our employees should Walton Community Facilities cease operating.
- £15,000 to enable Walton Community Facilities to submit a credible bid should Walton Community Facilities seek to acquire the facilities of Wavendon Gate Pavilion under the Local Authority’s Community Asset Transfer (CAT) programme (UFCC). This fund is maintained due to the uncertainty of future ownership of the premises that Walton Community Facilities currently lease to undertake its operations. Local government policy is currently in a state of flux as to the future of the community assets in the area; there are two possible outcomes:
1. The Local Authority decides not to dispose of the assets of Wavendon Gate Pavilion, either through a change in policy or lack or 3[rd] party interest in acquiring the facilities, and the facilities remain in ownership of the Local Authority. If this outcome becomes certain, the funds will be transferred into undesignated General Funds.
2. The Local Authority attempts to dispose of the assets of Wavendon Gate Pavilion under its Community Asset Transfer (CAT) programme but any credible 3[rd] party bidders would not allow Walton Community Facilities to continue its charitable operations at the premises. If this outcome becomes likely, then Walton Community Facilities would place a bid to acquire the freehold ownership of the premises; any residual funds not expended would be transferred into undesignated General Funds.
- £8,529 (Net Book Value) of fixed assets.
Walton Community Facilities policy on holding reserves is to maintain an unrestricted General Fund at a level of between 20% and 30% of the annual basic operating expenditure to ensure adequate working capital. The undesignated General Funds as of 31[st] March 2021 were £7,871, which represents 29% of the £27,574 expenditure for the financial year.
The undesignated General Funds are monitored monthly and compared to the last 12 months expenditures to maintain the reserves within acceptable bounds. If reserves significantly exceed the policy’s amount, additional projects are introduced to enhance the facilities for the benefit of its users, or hire charges are reduced; if reserves significantly fall below the policy’s amounts, discretionary costs are reduced, or in certain instances, hire charges may be increased.
## **Structure, Governance and Management**
Walton Community Facilities is a charitable company, limited by guarantee, incorporated on 21 December 1995 as Wavendon Gate Pavilion, and registered as a charity on 31[st] January 1996. The company’s objects and powers are detailed within its Articles of Association (revised 4[th] June 2013). In the event of the company being wound up with net liabilities, the Members of the company are required to contribute an amount not exceeding £1.
The constitution requires a minimum of three, and a maximum of 15, Trustee Directors (the ‘Management Committee’), which is made up of Member Organisations and a minimum of two Independent Individual Members.
The Trustee Directors meet regularly to review planned progress, discuss achievements and objectives for the future, and resolve issues. The Trustee Directors also review the risks facing the charitable company, particularly health and safety considerations and insurance cover.
An Annual General Meeting is held for the company’s members to elect the Trustee Directors; additional Trustee Directors may be co-opted during the year if a vacancy exists.
The notes on pages 12 to 16 form an integral part of these accounts.
Page 4
**Reference and Administrative Details**
## **Charity Name and Number:**
Walton Community Facilities (formerly: Wavendon Gate Pavilion) Registered Charity Nº: 1051983 Date of registration: 31 January 1996
## **Company Registration**
Company Nº: 3140513
The company is registered in England & Wales, and is limited by guarantee with no share capital
## **Registered Office and Operational Address:**
Walton Community Facilities Wavendon Gate Pavilion Isaacson Drive Wavendon Gate Milton Keynes Buckinghamshire MK7 7RZ
Tel Nº: 01908 584860 Mobile Nº: 07525 839818
## **Trustees:**
As of 31[st] March 2021, the Trustee Directors were
Mr Colin Bowker [Chair] (Individual Member) Mr David Vant [Hon. Treasurer] (Individual Member) Mrs Lynda Allen (User Group Representative) Mr Mike Ames (User Group Representative) Mrs Nicola Wright (User Group Representative)
## **Secretary:**
Mrs Caroline Vant
## **Bankers:**
CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
## **Exemptions from Disclosure**
There are no exemptions from disclosure of Reference or Administrative details.
## **Funds Held as Custodian Trustee on Behalf of Others**
Walton Community Facilities does not act as a custodian trustee.
## **Plans for Future Periods**
Walton Community Facilities’ prime focus during FY21-22 will be to improve its finances to ensure its continued, long-term viability. In addition, Walton Community Facilities will prudently utilise some of its reserves to improve the garden and other aspects of the premises to offer improved facilities to our beneficiaries and users.
Due to ever increasing bank charges, with little interest income, Walton Community Facilities will seek alternative banking services during FY21-22 to provide better value, and hopefully full integration with the new Xero accounting software.
The notes on pages 12 to 16 form an integral part of these accounts.
Page 5
## **Trustee Directors’ Responsibilities**
The law applicable to charities and companies requires the Trustee Directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company for that period. In preparing these financial statements, the Trustee Directors are required to:
- 1) Select suitable accounting policies and then apply them consistently
- 2) Make judgements and estimates that are reasonable and prudent
- 3) State whether applicable accountancy standards and statements of recommended practice have been followed, and
- 4) Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustee Directors are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. The Trustee Directors are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: SORP (FRS 102) effective 1 Jan 2015 and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Trustee Directors on the 6[th] October 2021 and signed on its behalf by
Colin Bowker Trustee Director Walton Community Facilities Wavendon Gate Pavilion Isaacson Drive Wavendon Gate Milton Keynes MK7 7RZ
The notes on pages 12 to 16 form an integral part of these accounts.
Page 6
**WALTON COMMUNITY FACILITIES INDEPENDENT EXAMINER’S REPORT**
The notes on pages 12 to 16 form an integral part of these accounts.
Page 7
## **WALTON COMMUNITY FACILITIES**
## **STATEMENT OF COMPREHENSIVE INCOME**
## **For the year ended 31 March 2021**
|**Notes**
**Turnover**
Income from activities
(2)
Donations
(3)
**Cost of Sales**
**Gross Surplus**
**Expenses**
Administrative Expenses
(4)
**Operating Surplus**
Other Interest receivable and similar income
(5)
**Surplus or Loss on ordinary activities before Taxation**
Tax on Surplus or Loss on Ordinary Activities
(6)
**Surplus or Loss on Ordinary Activities after Taxation**
**and Profit or Loss for the Financial Year**|**£**
27,574|**Total**
**2021**
**£**
15,535
23,183
38,718
(0)
38,718
(27,574)
11,144
13
11,157
0
11,157|**£**
33,116|**Total**
**2020**
**£**
28,658
0|
|---|---|---|---|---|
|||||28,658
(0)|
|||||28,658
(33,116)|
||||||
|||||(4,458)
44|
|||||(4,414)
0|
|||||(4,414)|
## **Total Recognised Gains and Losses**
The company has no recognised gains or losses other than the profit and loss for the above two financial years.
The notes on pages 12 to 16 form an integral part of these accounts.
Page 8
## **WALTON COMMUNITY FACILITIES**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **For the year ended 31 March 2021**
|Notes
**Income and Endowments from:**
Donations and legacies
(3)
Charitable activities
(2)
Investments
(5)
**Total Income and Endowments**
**Expenditure on:**
Charitable activities
(4)
**Total Expenditure**
**Net Income/(Expenditure)**
**Transfers between funds**
(7)
**Other Recognised Gains/Losses**
Gains/(Losses) on revaluation of Fixed Assets
**Net movement in funds**
**Reconciliation of Funds:**
Total funds brought forward
(7)
**Total funds carried forward**|Restricted
Funds
2021
£
Unrestricted
Funds
2021
£
**Total**
**Funds**
**2021**
**£**
2,942
20,241
**23,183**
0
15,535
**15,535**
0
13
**13**
2,942
35,789
**38,731**
2,942
24,632
**27,574**
2,942
24,632
**27,574**
0
11,157
11,157
-
-
**-**
-
-
**-**
0
0
**0**
410
44,464
**44,874**
410
55,621
**56,031**|Total
Funds
2020
£
0
28,658
44|
|---|---|---|
|||28,702
33,116|
|||33,116|
|||(4,414)
-
-|
|||0
49,288|
|||44,874|
The notes on pages 12 to 16 form an integral part of these accounts.
Page 9
## **WALTON COMMUNITY FACILITIES**
## **STATEMENT OF CASH FLOWS**
## **For the year ended 31 March 2021**
|Notes
**Cash flows from operating activities:**
**Net cash provided by (used in) operating activities**
(8)
**Cash flows from investing activities:**
Dividends, interest and rents from investments
Proceeds from the sale of property, plant and equipment
Purchase of property, plant and equipment
**Net cash provided by (used in) investing activities**
**Cash flows from financing activities:**
**Net cash provided by (used in) financing activities**
**Change in cash and cash equivalents in the reporting period**
**Cash and cash equivalents at the beginning of the reporting**
**period**
(9)
**Change in cash and cash equivalents due to exchange rate**
**movements**
**Cash and cash equivalents at the end of the reporting period**
(9)|Restricted
Funds
2021
£
Unrestricted
Funds
2021
£
**Total**
**Funds**
**2021**
**£**
0
13,268
**13,268**
-
13
**13**
-
-
**-**
-
-
**-**
0
13
**13**
-
-
**-**
0
0
**0**
0
13,281
**13,281**
410
34,738
**35,148**
-
-
**-**
410
48,019
**48,429**|Total
Funds
2020
£
(41)|
|---|---|---|
|||44
-
-|
|||44
-|
|||0|
|||3
35,145
-|
|||35,148|
The notes on pages 12 to 16 form an integral part of these accounts.
Page 10
## **WALTON COMMUNITY FACILITIES**
## **STATEMENT OF FINANCIAL POSITION**
## **As at 31 March 2021**
|Notes
**Fixed Assets:**
**Tangible Assets**
Plant and Machinery etc.
(10)
IT & Computer Equipment
**Total fixed Assets**
**Current Assets:**
**Debtors**
Trade debtors
Other debtors
(11)
**Cash at bank and in hand**
**Total Current Assets**
**Liabilities:**
Trade creditors
Other creditors
(12)
**Net Current Assets or Liabilities**
**Total Assets less Current Liabilities**
**Funds of the charity:**
Restricted income funds
(13)
Unrestricted income funds
(13)
**Total charity funds**|Unrestricted
Funds
31 Mar 2021
£
Restricted
Funds
31 Mar 2021
£
**Total**
**31 Mar 2021**
**£**
8,529
0
**8,529**
0
0
**0**
8,529
0
**8,529**
116
0
**116**
353
0
**353**
48,019
410
**48,429**
48,488
410
**48,898**
589
0
**589**
807
0
**807**
47,092
410
**47,502**
55,621
410
**56,031**
0
410
**410**
55,621
0
**55,621**
55,621
410
**56,031**|Total
31 Mar 2020
£
11,040
189|
|---|---|---|
|||11,229
439
323
35,148|
|||35,910
1,480
785|
|||33,645|
|||44,874|
|||410
44,464|
|||44,874|
For the year ending 31[st] March 2021, the company was entitled to exemption from audit under sections 475 and 477 of the Companies Act 2006.
## Directors’ responsibilities:
- No member or members eligible to do so have deposited a notice within the specified time requesting the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
- The directors acknowledge their responsibilities for complying with the requirements of the 2006 Companies Act with respect to accounting records and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 (duty to prepare individual accounts and applicable accounting framework), and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
- These accounts are prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in compliance with the provisions relating to small entities within Section 1A of the Financial Reporting Standard FRS 102 (effective 1 January 2015).
These financial statements were approved and authorised for issue by the Management Committee on the 6[th] October and were signed on its behalf by:
Colin Bowker Director
The notes on pages 12 to 16 form an integral part of these accounts.
Page 11
## **WALTON COMMUNITY FACILITIES**
## **NOTES TO THE FINANCIAL STATMENTS**
## **For the year ended 31 March 2021**
## **1. Accounting Policies**
- a) **Basis of preparation**
These financial statements have been prepared on an accruals basis under the historical cost convention, modified to include revaluation of freehold property, except for donated services and facilities, which are measured at the value of the gift to the charity.
The accounts have been drawn up in compliance with:
- i. The Charities SORP (FRS 102), effective 1 January 2015 and updated 1 January 2019,
ii. The Financial Reporting Standard 102 (FRS 102), effective 1 January 2015, as a Public Benefit Entity (as defined in FRS 100), iii. The Companies Act 2006 and comply with the Charities (Accounts and Reports) Regulations 2008.
- The charity has taken advantage of exemptions in Financial Reporting Standard FRS 102 on the grounds that it is a small entity.
- b) **Incoming resources**
Voluntary income, received by way of grants, is recognised when the grant has been received and is included in full in the Statement of Financial Activities. Incoming resources from charitable activities are recognised on the accruals basis when it is probable that the income will be received.
- c) **Resources expended**
Expenditure is recognised on the accruals basis and on the basis that it is probable that consideration will be received for the expenditure or at the point at which the provision is considered to become binding.
## d) **Tangible fixed assets, depreciation, and impairment**
Assets costing more than £250 are capitalised and are stated at historical cost less depreciation. Smaller items of expenditure have been charged in the income and expenditure account. Initial costs of providing crockery, cutlery, etc. have been capitalised; it is anticipated that replacements will be charged in the income and expenditure account as incurred. Fixed assets are depreciated using the straight-line method at rates calculated to write off each asset over its expected useful life, as follows:
Computers & IT Equipment: 3 Years
Fixtures & Fittings and equipment: 7 Years
Impairment reviews are carried out when there is some indication that the recoverable amount of a functional fixed asset is below its net book value.
## **e) Description of Funds**
- i. Unrestricted Funds
Unrestricted funds are those that may be used for any purpose which complies with the charity’s aims and objects.
During the year, two Designated Unrestricted Funds were either created or maintained:
- a) **UPCK** – [Unrestricted Project Cricket Kitchenette] maintained to fund the extension of the cricket facilities’ kitchenette.
- b) **UFCR** – [Unrestricted Fund Capital Re-investment] created to fund capital re-investment of depreciated assets.
- c) **UFER** – [Unrestricted Fund Employee Redundancy] created to fund employee redundancy in the event of company failure.
- d) **UFCC** – [Unrestricted Fund CAT Contingency] created to as a contingency fund should the company purchase the facility under MK Council CAT
- ii. Restricted Funds
- Restricted funds are those that may only be used for the purpose specified by the donor within the wider objects of the charity.
- a) **RFHS** – [Restricted Fund Health & Safety] maintained during the financial year to fund Health & Safety matters arising.
- b) **RCVJRS** – [Restricted Corona Virus Job Retention Scheme] maintained during the financial year to receive and pay monies related to the UK Government’s Corona Virus Job Retention Scheme (Furlough).
Page 12
## **2. Income from Charitable Activities**
|**me from Charitable Activities**|||
|---|---|---|
|Hall Hire
Meeting Room Hire
Cricket Facility Hire
Storage Charges
Other Income
**Total income from charitable activities**|Restricted Funds
2021
Unrestricted Funds
2021
£
£
-
11,720
-
2,882
-
630
-
303
-
-|**Total**
**2021**
Total
2020
**£**
£
**11,720**
21,184
**2,882**
3,698
**630**
3,350
**303**
256
**-**
170|
||-
15,535|**15,535**
28,658|
## **3. Donations, Legacies & Grants**
The charity received the following grants.
|HMRC Furlough Grant
MKC Business Support Package
Retail, Hospitality and Leisure Grant Fund
**Total Donations, Legacies & Grants**|Restricted Funds
2021
Unrestricted Funds
2021
£
£
-
2,942
-
10,241
-
10,000|**Total**
**2021**
Total
2020
**£**
£
**2,942**
-
**10,241**
-
**10,000**
-|
|---|---|---|
||-
23,183|**23,183**
0|
## **4. Charitable Activities Expenditure**
|Light, Heat & Water
Communications
Insurance
Postage & Stationery
Repairs & Maintenance
Expensed Projects
Accounting Costs
Sundries
Discounts Allowed
Depreciation
Employee costs
**Total charitable activities**
**expenditure**|**Restricted**
**Funds**|**Unrestricted Funds**|**Unrestricted Funds**|**Total**
**2021**
Total
2020
**£**
£
2,419
3,392
795
893
476
483
42
21
1,805
1,697
-
-
50
50
2,044
1,988
1,498
2,035
2,700
3,141
15,745
19,416|
|---|---|---|---|---|
||**Total Funds**
**(Restricted)**|General
Funds|**Total Funds**
**(Unrestricted)**||
||£|£|£||
||-|2,419|2,419||
||-|795|795||
||-|476|476||
||-|42|42||
||-|1,805|1,805||
||-|-|-||
||-|50|50||
||-|2,044|2,044||
||-|1,498|1,498||
||-|2,700|2,700||
||-|15,745|15,745||
||**0**|**27,574**|**27,574**|**27,574**
33,116|
## **5. Other Income**
|Interest Income on cash at bank
**Total Other Income**|**2021**
**£**
2020
£
13
44|
|---|---|
||**13**
**44**|
## **6. Taxation**
As a registered charity, the company has no liability to corporation tax.
Page 13
## **7. Outline Summary of Fund Movements**
|**Fund Name**
**Unrestricted Funds**
UPCK
UFCR
UFER
UFCC
General Funds
Fixed Assets
**Total Unrestricted Funds**
**Restricted Funds**
RCVJRS
RFHS
**Total Restricted Funds**
**Total Funds**|**Fund balances**
**brought forward**
£
500
15,041
3,750
10,000
3,944
11,229|**Income**
**Expenditure**
**Transfers**
£
£
£
-
-
-
-
-
2,700
-
-
2,230
-
-
5,000
35,789
(21,932)
(9,930)
-
(2,700)
-|**Net Gains**
**and losses**|**Fund balances**
**carried forward**
£
500
17,741
5,980
15,000
7,871
8,529|
|---|---|---|---|---|
||||£||
||||||
||||-||
||||2,700||
||||2,230||
||||5,000||
||||3,927||
||||(2,700)||
||**44,464**
0
410|**35,789**
**(24,632)**
**-**
2,942
(2,942)
-
-
-
-|**11,157**|**55,621**
0
410|
||||||
||||||
||||-||
||||-||
||**410**|**2,942**
**(2,942)**
**-**|**-**|**410**|
||||||
||**44,874**|**38,731**
**(27,574)**
**-**|**11,157**|**56,031**|
UPCK (Extension of cricket facilities’ kitchenette): Unchanged
UFCR (Capital Reinvestment): £2,700 of Unrestricted Funds was transferred into this fund for the replacement of depreciated fixed assets.
UFER (Employee Redundancy): Fund increased to accommodate increased level of redundancy payments, in line with government guidance.
UFCC (CAT Contingency fund): It was resolved to transfer £5,000 back from General Reserves to the UFCC fund.
General Funds: £9,930 was transferred from General Funds to replenish other unrestricted funds.
RCVJRS (Covid Virus Job Retention Scheme): £2,942 of Restricted Income was offset by £2,942 of Restricted Expenditure, all related to the UK Government furlough payments.
RFHS (Health & Safety): Unchanged
## **8. Reconciliation of net income/(expenditure) to net cash flow from operating activities**
|**_Net income/(expenditure) for the reporting period_**
**_(as per the Statement of Financial Activities)_**
**Adjustments for:**
Depreciation charges
(Gain)/losses on investments
Dividends, interest and rents from investments
Loss/(profit) on the sale of fixed assets
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**_Net cash provided by (used in) operating activities_**|Restricted
Funds
2021
Unrestricted
Funds
2021
**Total**
**2021**
£
£
**£**
0
11,157
**11,157**
-
2,700
**2,700**
-
-
**-**
-
(13)
**(13)**
-
-
**-**
-
-
**-**
-
293
**293**
-
(869)
**(869)**
0
13,268
**13,268**|Total
2020
£
(4,414)|
|---|---|---|
|||3,141
-
(44)
-
-
751
525|
|||(41)|
## **9. Analysis of cash and cash equivalents**
|Cash in hand
Notice deposits (less than 3 months)
Overdraft facility repayable on demand
**Total cash and cash equivalents**|Restricted Funds
2021
Unrestricted Funds
2021
**Total**
**2021**
£
£
**£**
410
48,019
**48,429**
-
-
**0**
-
-
**0**
410
48,019
**48,429**|Total
2020
£
35,148
0
0|
|---|---|---|
|||35,148|
Page 14
## **10. Fixed assets**
|**d assets**||
|---|---|
|**Assets at cost**
At 1 April 2020
Disposals
Acquisitions
**Balance carried forward**
**Accumulated depreciation**
At 1 April 2020
Elimination on disposal
Charge for year
**Balance carried forward**
**Net book value**
**At 31 March 2021**
At 31 March 2020|Property, Plant and
Equipment
(7-Year Depreciation)
£
Computers & IT
Equipment
(3-Year Depreciation)
£
**Total**
**£**
23,617
2,652
**26,269**
-
-
**(0)**
-
-
**0**|
||23,617
2,652
**26,269**
12,577
2,463
**15,040**
-
-
**(0)**
2,511
189
**2,700**|
||15,088
2,652
**17,740**
**8,529**
**0**
**8,529**|
||11,040
189
11,229|
## **11. Other Debtors**
|**er Debtors**|||
|---|---|---|
||**2021**|2020|
||**£**|£|
|Social Security|24|-|
|Prepayments|329|323|
|**Total Other Debtors**|**353**|**323**|
|**ilities: Creditors: falling due within one year**|||
|**Other Creditors**|**2021**
**£**|2020
£|
|Accrued Expenses|50|50|
|Deposits Held|108|233|
|Allowance for Receivables|500|500|
|Reimbursements Owing|149|2|
|**Total creditors falling due within one year**|**807**|785|
## **12. Liabilities: Creditors: falling due within one year**
Deferred Income relates to payments received for hire of the facilities for the successive financial year. All Deferred Income is released in the successive year.
Page 15
## **13. Reserves**
|**Funds**
**Unrestricted Funds**
UPCK
UFCR
UFER
UFCC
General Funds
Fixed Assets
**Total Unrestricted Funds**
**Restricted Funds**
RCVJRS
RFHS
**Total Restricted Funds**
**Total Funds 2021**
Total Funds 2020|Total funds brought forward
Net movement in funds
**Total Funds of the Charity**
£
£
£
500
0
500
15,041
2,700
17,741
3,750
2,230
5,980
10,000
5,000
15,000
3,944
3,927
7,871
11,229
(2,700)
8,529|
|---|---|
||**44,464**
**11,157**
**55,621**
**0**
**0**
**0**
410
0
410|
||
**410**
**0**
**410**|
||**44,874**
**11,157**
**56,031**|
||49,288
(4,414)
44,874|
Fund UPCK – Unrestricted Project fund to extend the Cricket Kitchenette Fund UFCR – Unrestricted Fund for Capital Re-investment Fund UFER – Unrestricted Fund for Employee Redundancy Fund UFCC – Unrestricted Fund for CAT Contingency Fund RFHS – Restricted Fund for Health and Safety matters
Fund RCVJRS - Restricted Fund for Corona Virus Job Retention Scheme
## **14. Disclosure of Trustee and Staff Remuneration, Related Party and Other Transactions**
## **Trustee Remuneration**
The Trustee Directors did not receive any remuneration or any other benefits for the period reported.
## **Trustees’ Expenses**
The Trustee Directors did not claim any expenses in fulfilling their duties for the period reported.
## **Staff Remuneration**
|**ff Remuneration**||
|---|---|
|Staff Remuneration
Social security costs
Employer Pension Contributions
**Total staff costs**|**2021**
2020
**£**
~~**N**~~**o**
£
~~N~~o
15,700
17,845
(318)
658
-
-|
||**15,382**
**2.0**
**18,503**
**2.0**|
Social security costs reduced due to Employment Allowance for the current year, and backdated Employment Allowance for prior years, received in the current financial year.
There are no employees with emoluments above £60,000.
The directors waived any entitlement to remuneration during the period.
## **Related Party Transactions**
Mrs. Caroline Vant (a ‘Connected Person’ as defined in section 188 of the Charities Act 2011 and ‘Related Party’ as defined in SORP (FRS 102)) received employment remuneration of £11,960 during the period 1[st] April 2020 to 31[st] March 2021. Mrs. Caroline Vant is the spouse of Mr. David Vant, a trustee of Walton Community Facilities.
## **Other Transactions**
A payment of £50 was accrued to Mr. E. G. Bellamy (Chartered Accountant) for services in providing Independent Examination of these accounts.
## **15. Trustee Expenses**
No expenses were claimed by the trustees
Page 16