WALTON COMMUNITY ASSOCIATION (STONE) LIMITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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Walton Community Association (Stone) Limited Company No. 03638526 Directors’ Report For The Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors
The directors who held office during the year were as follows:
Miss Andrea Walker
Mr Gerald Canning
Mr Michael Williamson
Mrs Jill Wood Resigned 05/12/2025
Mr Adrian Bennett
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
e select suitable accounting policies and then apply them consistently;
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e make judgments and accounting estimates that are reasonable and prudent;
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e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Miss Andrea Walker
Director 10 April 2026
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Walton Community Association (Stone) Limited Accountant's Report For The Year Ended 31 December 2025
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Walton Community Association (Stone) Limited for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Walton Community Association (Stone) Limited for the year ended 31 December 2025 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations ~~-s~~ tandards ~~-a~~ nd ~~-~~ guidance.
This report is made solely to the directors of Walton Community Association (Stone) Limited, as a body, in accordance with the terms of our engagement letter dated 25 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of Walton Community Association (Stone) Limited and state those matters that we have agreed to state to the directors of Walton Community Association (Stone) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Walton Community Association (Stone) Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Walton Community Association (Stone) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Walton Community Association (Stone) Limited. You consider that Walton Community Association (Stone) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Walton Community Association (Stone) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
13 April 2026
Wynniat ~~t-~~ Husey Limited ICAEW Hampson Chambers Stafford Street Stone Staffordshire ST15 8QW
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Walton Community Association (Stone) Limited Notes to the Financial Statements For The Year Ended 31 December 2025
1. General Information
Walton Community Association (Stone) Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 03638526. The registered office is Walton Community Centre, Whitemill Lane, Stone, Staffordshire, ST15 OEQ.
The company is a registered charity: Charity Number 1079053
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Incoming Resources: Income is included in full in the Detailed Income and Expenditure Account, when receivable. The value of services provided by volunteers has not been included.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% written down value Fixtures & Fittings 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slo ~~w-~~ moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work ~~-i~~ n ~~-~~ progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Grants
Grants, including grants for the purchase of fixed assets, are recognised in full in the Detailed Income and Expenditure Account in the year in which they are receivable.
- 2.6. Resources expended
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
- Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
4. Centre Manager
The position of Centre Manager is divided between two people. One of those who was paid £8,580 during the current year is also a trustee. However the duties and responsibilities for which he is paid are not in any part those of his responsibilities he undertakes as a trustee.
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Walton Community Association (Stone) Limited Notes to the Financial Statements (continued) For The Year Ended 31 December 2025
5. Tangible Assets
| Land & Property |
Land & Property |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures & Total |
||||||||||
| Fittings | |||||||||||
| Cost As at 1 January 2025 |
£ 54,633 |
£ £ 45,651 100,284 |
|||||||||
| As at 31 | December 2025 | 54,633 | 45,651 100,284 |
||||||||
| Depreciation | |||||||||||
| As at 1 January 2025 | ~~-~~ | 45,651 45,651 |
|||||||||
| As at 31 | December 2025 | ~~-~~ | 45,651 45,651 |
||||||||
| Net Book Value | |||||||||||
| As at 31 | December 2025 | 54,633 | ~~-~~ 54,633 |
||||||||
| Asat1January2025 | 54,633 | ~~-~~ 54,633 |
The freehold property in fact belongs to Stafford Borough Council and not the company; its value was removed from the balance sheet in the financial statements for the year ended 31 December 2013.
However the company does own the playing fields adjacent to the freehold property. These playing fields are subject to a covenant restricting their use to "recreational purposes only". The area of these playing fields is 4.5 acres or 1.8211 hectares. The valuation has been estimated by the directors at £30,000 per hectare, so making a valuation of £54,633. The covenant also stipulates that, in the event of the company wishing to sell these fields, they must first be offered to Fields in Trust (formerly The National Playing Fields Association). As the company has no intention of selling the fields, the directors felt it to be an unneccessary expense to engage the services of a professional valuer.
- Stocks
| Stock | 2025 2024 £ £ 120 120 |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7. Debtors |
2025 2024 £ £ |
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| Due within one | year | ||||||||||||
| Trade debtors Other debtors |
5,895 6,674 2,402 ~~-~~ |
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| 8,297 6,674 |
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| 8. Creditors: Amounts |
Falling Due Within One Year | ||||||||||||
| 2025 2024 £ £ |
|||||||||||||
| Trade creditors Other creditors |
3,839 1,233 10,068 10,078 |
||||||||||||
| Taxation | and social security | 793 896 |
|||||||||||
| 14,700 12,207 |
- Creditors: Amounts Falling Due Within One Year
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Walton Community Association (Stone) Limited Detailed Income and Expenditure Account For The Year Ended 31 December 2025
| TURNOVER | TURNOVER | TURNOVER | TURNOVER | TURNOVER | TURNOVER | TURNOVER | TURNOVER | TURNOVER | TURNOVER | TURNOVER | TURNOVER | 2025 £ |
£ | 2024 £ |
£ | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rents | received | 64,193 | 61,167 | |||||||||||||||||||||||||||
| Car | boot income | 2,683 | 2,095 | |||||||||||||||||||||||||||
| Membership fees | 275 | 275 | ||||||||||||||||||||||||||||
| Donations | and grants | 2,362 | 4,497 | |||||||||||||||||||||||||||
| Fund | raising | 4,317 | 2,581 | |||||||||||||||||||||||||||
| Utilities | recovered | 3,512 | 4,380 | |||||||||||||||||||||||||||
| Sundry | income | 594 | 318 | |||||||||||||||||||||||||||
| Commission refunds | ~~-~~ | 4,531 | ||||||||||||||||||||||||||||
| COST | OF SALES | 77,936 | 79,844 | |||||||||||||||||||||||||||
| Fund | raising | expenses | 845 | 395 | ||||||||||||||||||||||||||
| Advertising of car boot sales | ~~-~~ | 87 | ||||||||||||||||||||||||||||
| (845) | (482) | |||||||||||||||||||||||||||||
| GROSS | SURPLUS | 77,091 | 79,362 | |||||||||||||||||||||||||||
| Administrative | Expenses | |||||||||||||||||||||||||||||
| Centre | manager's | salary | 21,725 | 19,893 | ||||||||||||||||||||||||||
| Light | and | heat | 16,811 | 14,718 | ||||||||||||||||||||||||||
| Water | rates | 656 | 2,294 | |||||||||||||||||||||||||||
| Cleaning | materials | and windows | 3,222 | 5,364 | ||||||||||||||||||||||||||
| Gardening | 1,260 | 1,345 | ||||||||||||||||||||||||||||
| Repairs, | renewals and | maintenance | 19,713 | 49,734 | ||||||||||||||||||||||||||
| Insurance | 3,808 | 3,746 | ||||||||||||||||||||||||||||
| Printing, | postage | and | stationery | 347 | 12 | |||||||||||||||||||||||||
| Advertising | 720 | 621 | ||||||||||||||||||||||||||||
| PRS, | TV | and | other | licences | 1,173 | 1,156 | ||||||||||||||||||||||||
| Telephone | 721 | 733 | ||||||||||||||||||||||||||||
| Accountancy | fees | 708 | 636 | |||||||||||||||||||||||||||
| Donations | made | 188 | 700 | |||||||||||||||||||||||||||
| Secretarial | and | bookkeeping | 1,438 | 1,578 | ||||||||||||||||||||||||||
| Lease | of | equipment | 768 | 768 | ||||||||||||||||||||||||||
| Sundry | expenses | 68 | 94 | |||||||||||||||||||||||||||
| (73,326) | (103,392) | |||||||||||||||||||||||||||||
| OPERATING | SURPLUS/ (DEFICIT) | 3,765 | (24,030) | |||||||||||||||||||||||||||
| Other | interest | receivable and similar income | ||||||||||||||||||||||||||||
| Bank | interest | receivable | 3,211 | ~~-~~ | ||||||||||||||||||||||||||
| 3,211 | ~~-~~ | |||||||||||||||||||||||||||||
| SURPLUS/(DEFICIT)FORTHEFINANCIALYEAR | 6,976 | (24,030) |
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Signed by Andrea Walker using authentication code cDg4R3pOY1B5QsKjZg== at IP address 86.174.166.177, on 2026/04/14 10:25:27 Z.
Andrea Walker's e-mail address is: waltoncommunity@googlemail.com.