REPORT OF THE DIRECTORS AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Statement of Changes in Equity | 5 |
| Notes to the Financial Statements | 6 |
| Report of the Accountant | 9 |
| Detailed Income and Expenditure Account | 10 |
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023
DIRECTORS:
Miss A E Walker Mr G Canning Mrs J Wood Mr M Williamson Mr A Bennett
SECRETARY:
REGISTERED OFFICE:
Whitemill Lane Walton Stone Staffordshire ST15 0EQ
REGISTERED NUMBER: 03638526 (England and Wales) ACCOUNTANT: Wynniatt-Husey Ltd Chartered Accountants The Old Coach House Horsefair Rugeley Staffordshire WS15 2EL
Page 1
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023
The directors present their report with the financial statements of the company for the year ended 31 December 2023.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.
Miss A E Walker Mr G Canning Mrs J Wood Mr M Williamson Mr A Bennett
Other changes in directors holding office are as follows:
Mr S Cashmore - resigned 18 January 2023 Mr S Walley - resigned 16 June 2023 Mrs S Speight - appointed 1 November 2023
Mrs S Speight ceased to be a director after 31 December 2023 but prior to the date of this report.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
Miss A E Walker - Director
17 April 2024
Page 2
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
| 31/12/22 | 31/12/23 | ||
|---|---|---|---|
| £ | Notes | £ | |
| 57,862 | INCOMING RESOURCES | 67,680 | |
| (995) | Direct Costs | (957) | |
| 56,867 | GROSS SURPLUS | 66,723 | |
| (58,897) | Resources Expended | (71,063) | |
| (2,030) | (4,340) | ||
| 6,240 | Other operating income | - | |
| 4,210 | OPERATING (DEFICIT)/SURPLUS | (4,340) | |
| - | Bequest: estate of JG Beecham | 4 | 65,722 |
| 4,210 | SURPLUS BEFORE TAXATION | 61,382 | |
| - | Tax on surplus | - | |
| 4,210 | SURPLUS FOR THE FINANCIAL YEAR | 61,382 |
The notes form part of these financial statements
Page 3
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED (REGISTERED NUMBER: 03638526) CHARITY NUMBER 1079053
BALANCE SHEET 31 DECEMBER 2023
| 31/12/22 | 31/12/23 | ||
|---|---|---|---|
| £ | Notes | £ | |
| FIXED ASSETS | |||
| 54,633 | Tangible assets | 5 | 54,633 |
| CURRENT ASSETS | |||
| 120 | Stocks | 120 | |
| 3,270 | Debtors | 6 | 5,422 |
| 81,215 | Cash at bank and in hand | 139,901 | |
| 84,605 | 145,443 | ||
| CREDITORS | |||
| (13,354) | Amounts falling due within one year | 7 | (12,810) |
| 71,251 | NET CURRENT ASSETS | 132,633 | |
| 125,884 | TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 187,266 | ||
| RESERVES | |||
| 125,884 | Income and expenditure account | 8 | 187,266 |
| 125,884 | 187,266 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial financial year and of its and which otherwise applicable to the company.
regime.
behalf by:
Miss A E Walker - Director
Mr A Bennett - Director
The notes form part of these financial statements
Page 4
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2023
| Balance at 1 January 2022 Changes in equity Total comprehensive income Balance at 31 December 2022 Changes in equity Total comprehensive income Balance at 31 December 2023 |
Retained earnings £ 121,674 4,210 125,884 61,382 187,266 |
Total equity £ 121,674 4,210 |
|---|---|---|
| 125,884 | ||
| 61,382 | ||
| 187,266 |
The notes form part of these financial statements
Page 5
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. STATUTORY INFORMATION
Walton Community Association (Stone) Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Incoming resources
by volunteers has not been included.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on cost
Stocks
items.
Grants
Account in the year in which they are receivable.
Resources expended
which cannot be recovered.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 1 (2022 - 1).
4. EXCEPTIONAL ITEMS
- He had been appointed a director and secretary of the company on the 16 July 2007.
Page 6
continued...
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
5. TANGIBLE FIXED ASSETS
| COST At 1 January 2023 and 31 December 2023 DEPRECIATION At 1 January 2023 and 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Totals £ 100,284 45,651 54,633 54,633 |
Land and buildings £ 54,633 - 54,633 54,633 |
Plant and machinery etc £ 45,651 45,651 - - |
|---|---|---|---|
balance sheet in the financial statements for the year ended 31st December 2013.
unnecessary expense to engage the services of a professional valuer.
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7.
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 31/12/23 | 31/12/22 | |
| £ | £ | |
| Trade debtors | 5,422 | 3,270 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31/12/23 | 31/12/22 | |
| £ | £ | |
| Trade creditors | 1,209 | 1,188 |
| Social security and other taxes | 586 | 651 |
| Key deposits | 515 | 515 |
| Co-op Community Fund | 10,500 | 11,000 |
| 12,810 | 13,354 |
continued...
Page 7
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
8. RESERVES
| RESERVES | |
|---|---|
| Income | |
| and | |
| expenditure | |
| account | |
| £ | |
| At 1 January 2023 | 125,884 |
| Surplus for the year | 61,382 |
| At 31 December 2023 | 187,266 |
Page 8
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
REPORT OF THE ACCOUNTANT TO THE DIRECTORS OF WALTON COMMUNITY ASSOCIATION (STONE) LIMITED
31 December 2023 set out on pages three to eight and you consider that the company is exempt from an audit.
responsibilities, from the accounting records and information and explanations supplied to me.
Wynniatt-Husey Ltd Chartered Accountants The Old Coach House Horsefair Rugeley Staffordshire WS15 2EL
17 April 2024
This page does not form part of the statutory financial statements
Page 9
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
| 31/12/22 £ 52,489 - - 3,720 1,653 - 546 449 19,750 868 370 318 1,138 4,006 980 14,324 536 3,527 107 1,384 7,476 1,060 1,464 456 300 833 |
£ Incoming Resources Rents received Car boot income Membership fees Donations and grants Fund raising Sundry Income 57,862 Direct Costs Fund raising expenses Advertising of car boot sale 995 56,867 GROSS SURPLUS Other income 6,240 Government grants 63,107 Expenditure Centre manager's salary Telephone Post and stationery Advertising Cleaner Sub-contract cleaners and window cleaning PRS, TV and other licences Repairs and renewals Donations made Insurance Sundry expenses Gardening Gas and electric Water Secretarial and bookkeeping Accountancy Valuation fees Lease of equipment 58,897 4,210 Exceptional items - Bequest: estate of JG Beecham 4,210 NET SURPLUS |
31/12/23 £ 63,352 769 275 230 2,056 998 798 159 21,550 676 307 1,326 - 6,076 998 16,540 732 3,614 117 1,000 13,598 1,761 1,382 570 - 816 |
£ 67,680 957 66,723 - 66,723 71,063 (4,340) 65,722 61,382 |
|---|---|---|---|
This page does not form part of the statutory financial statements
Page 10
WALTON COMMUNITY ASSOCIATION (STONE) LIMITED CHARITY NUMBER 1079053
NOTES WHOLLY REPLACED AND/OR ACCOUNTING POLICIES TOTALLY IGNORED AND/OR ACCOUNTING POLICIES WITH TEXT REPLACED BY USER'S CHOICE ON CLIENT SCREEN ENTRIES FOR THE YEAR ENDED 31 DECEMBER 2023
The following note has been REPLACED completely by user entries.
EXCEPTIONAL ITEMS
None of the standard accounting policies has been ignored.
The following standard accounting policy has been REPLACED completely by user entries.
INCOMING RESOURCES
IRIS as a result of posting amendments etc WILL NOT BE AMENDED where REPLACEMENT notes have been selected.