Docuygn Envelcpe ID.. AB24343342F64F9F-9BD&2AE972D74986 Charity reglstratlon number 1094989 {England and Wales) Company registration number 04261927 WALTON LEA PARTNERSHIP LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Docusign Envelope ID." AB24343342F84F9F-98D9-2AE972D74986 WALTON LEA PARTNERSHIP LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trustses C J Jones M Cozens {Chair) Dr S Shah Mrs PAChapman B Freeman (Appointed 9 Septsmber 20241 (Appointed 9 September 20241 (Appointed g September 20241 (Appointed 9 September 20241 (Appointed 9 S8Ptemb8r 2024) D Gardner P Cooper V McAleer J Wilbraham Charity number (England and Wales) 1094989 Company number 04261927 Registered offico Chester Road Higher IdValtt)n Warrington WA4 6TB Independent examiner Smith & Goukling Limited 2 Southport Road Chorley Lancashire PR7 1LB
Docusgn Envelope ID.. AB24343>82F84F9F-9BD9-2AE972D74986 WALTON LEA PARTNERSHIP LIMITED CONTENTS Page Trustees, report Independent examinels report ststement of financial actsvittes Balance sheet ststement of cash flows Notes lo the financial Statements 9-20
D¢)cuygn Envelope ID.. AB243433-82F84F9F-9BD¥2AE972D74986 WALTON LEA PARTNERSHIP LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are abo directors of the Charity for the purposes of the Companies Act, present their report and financial ststements for the year ended 31 March 2024. The financial statements have been prepared in accordan with the accounting policies set out in note 1 to the financial statements and comply with the Charity's goveming document, the Companies Act 21XJ6 and "Accountin9 and Reporting by Charities.. Statement of Recommended practi applicable to tharities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" {effective 1 January 2019). Objectives and activities The Charity exists to provide supported work, leaming and development ft)r vulnerable adults and young people wtth learning disabilities often ¢))mplicated by physical and mental health conditions and also to promote the heritage and history associated with the Charity's premises. To achieve these objectives the Charity enable5 learning through innovative education and development pr(KJrammes and supported wort( in divetse social enterprise5 including but not limited to.. horticulture within a heritage walled garden, the sale of refurt)ished bicycles and fumiture, woodwork, craft activities and retailing. During the year ended 31 March 2024 th8 Charity op8r8t8d within principal sites - Walton Lea, a walled Victorian Garden in Higher Walton and Walton Hall a nearby historic estate. These sites provide our supported learners with a unique environment for personalised learning and the development of important life skills. as well as opportunikn'es for enhanced social engagement and quality of life. The Charity has continued to work successfulty in partnership with Warrington Borough CounThl and Myerscough College to 5UPPOrt delivery of the planned outcomes of th8 Walton Estste Conservatory Range Heritage Lottery Award. The Trustees have paid due regard to guidan issued by the Charity Commission in deading what adivities the Charity should undertake. Public benefit The Trustees have paid due regard to guidance issued by the Charity Comrnission in decAding what activities the Charity should undertake. Achievements and perfoThance Signih'cant activities and achievements against objectives The Charity has continued to demonstrate its resilience and responsiveness to changing markét dynamics and onca again strengthened its financial position. Total annual income increased strongly and the level of donations ceiVed were maintsined at 2023 levels. Like so many charities we find the pursuit of such income challengiry and we are grateful to all those individuats and organisations that gave so generously to ensure that our leaner support was able to conts'nue unabated. The Board is immensely gralefvl to our staff and volunteers who again demnstrated Iheir unstinting commitment lo our supported learners and continued to deliver amazing outcomes during yet another year. Throughout, we have continued to deliver a diverse range of learning programmes including tutor led enterprise programmes in partnership wtth Warrington Collegiate. Our partnership work with Myerscough College and Warrington Borough Council. within the unique environment of the Conservatory Range at Walton Hall, has enabled our learners to aUlre additional practic21 skills and to showcase their outstanding horticultural and craft skills to an enthusiastic and reptive public. Our commibment to continuous improvement also conb.nued throughout the year w.rth the introduth.on of fijrther internal process improvemen15, the consolidation of performan management pcedureS and 'tailored to need, staff training. Refinement of our organisation structures has enabled us to keep increasing staffing costs under tight control and inline with our contracted staff to learner ratios. More dynamic social media engagement has enabled us lo strengthen our brand reputation and recognition and our leamer recruitment potential. Financial review This year saw the charity continue to strengthen its financial position. Income from our support of learners has grown in response to increasing numbers and a negotiated increase in the costs of our provision.
Dcojsign Envelope ID.. AB243433-62F&4F9F-98D2AE972D74986 WALTON LEA PARTNERSHIP LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves policy Fund raising continued to be challenging, however the Trustees are pleased that the level of donalons received has been in line with that of the previous year_ It is the policy of the Charity that unrestricted funds which have not been designated for a specific use 5houkl be maintsinj at a level equivalent to belween three and six month's expenditure. The Trustee5 consider that reserves at this level will ensure that, in the event of a stgnificant drop in funding. they will be able to continue the Ch8rity'5 current activities while consideration is given to W8ys in which addition81 funds may be raised. At 31 March 2024 uns1Cled reserves {excluding designated funds) totalled £648k. Vvhilst this is above the stated policy. the Ttustees believe this to be ptudent as the need for fvrther significant investment in facilities improvements has been identified in the coming year. wthin unrestricted fijnds, the Trustees have already set aside £25,780 from rtain donations it reIVed in the year to fund specific maintenance and 51te improvements projects. This has been reported as a designated fund within unrestricted funds. Majorrisks The Trustees have a55e55ed the major risks to which the Charity is exposed, and ar8 satlsfied that systsms are in pla to mitigate exposure to the major risks. Structurei governance and rnanagement Governlng documont The Charity was incorporated as a limited company on 31 July 2001 and achieved charitable stalus on 10 Décémber 2002. It is governed by its Company Memorandum and Articles of Association, as amended by Special Résolution on 15 November 2002. The Charity changed its name on 23 August 2013 from the Walton Lea Project to th8 Walton Léa Partnership Limited. The Charity's inlèrnal processes and controls have been strengthened and supported learner récords enhancéd. Governan reporting includes an annual report approved by the Board of Trust88s. monthly oversight of financial results. reviews of variances from budgets, progress against plan and formal assessments of leadership and organisational perforrnan. To achieve effective delegation of authority the Trustees identify and review risks and delegate mitigation actions to the senior management team. Throughout the year the Trustees assessed, pre- emptsd and managed all major risks to which the Charty was exposed. The Trustees. who are also the directors for the purpose of company law, and who served during th8 year and up to the date of signature of the financial statements were: C J Jones M Cozens (Chairl A Sparrow J Smithe SAHarris Mrs S J Oliver Or S Shah Mrs PAChapman B Freeman D Gardner P Cooper V McAleer J Wlbraham (Resigned 28 September 2023} (Resigned 26 March 2024) (Resigned 1 September 2024) (Resigned 30 April 2024) {Appointed 9 September 2024) {Appointsd 9 September 20241 {Appointed g September 2024) (Appointed 9 September 2024) {Appointsd 9 September 2024) Recmtiment and appointment of tnjstees
DcSign Envelope ID.. AB24343342F84FgF.g2D2AE972D7466 WALTON LEA PARTNERSHIP LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves policy The Charity's resee3 policy seeks to predominantly balance three factors: Ensurin9 re50uros are expended in a timely manner to maximise the benefit to the Charity's leamers. Maintaining liquid reserves to ensure the Charity is sufficièntly resilient in the event of any unexpécted interruptions in income or urgent requirements for maintenance 8xpenditure,' and Building sufficient resources to implement new educational d8v8lopment initiatives. In asse$$ing the level of Yree reserves, held. tangible fixed assets used to carry out the Charity's activltss are excluded, as these are fijnds that ar8 not readily available for spending. Infomied by an appraisal of funding risk, the Board ofTrusts8s consider that the minimum free reserves held should be equal to three month's expenditure. At 31 March 2024 the Charity had fund8 totalling £764k of which £674k represents frea reserves. At this level th8 Board of Trustees assess that, in the forthcoming year. they would be able to scale activities of the Charity should there be a significant shift in the future basis of funding. Organisational structure Invesbnent policy The Board of Trustees does not invest other than in cash on bank deposit and believes this policy is appropriate for the Charity. Fixod a88ets Movements in fixed assets are shown in the notes to the financial ststements.
Docugn EnveloFe ID.. AB243433-82F84F9F-gBDE972D74986 WALTON LEA PARTNERSHIP LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Partnership with othern Th8 Board of Trustees is esp8cially grateful to the following for their support of the Charity during the financial yéar.: Atkins Limited B&Q The Neighbourly Foundation Bain Charitable Trust Brian Imlson Charitable Trust Cheshire Community Grant JDM Charitable Trust Lee Bakirgian Family Trust Lord Leverhulme Charity Melhodist Church Dramatic Society MrBR&MrsGMWoof Mrs Ann8 Hugh8S NISA Local Pilkington Charity- Donation Red Rose Charitable Trust Sir Cliff Richard Charitable Trust St Josephs Penketh The Co-op The Inman Charity Trustses Limited The Proven Family Trust The Warrington Temple Lodge The Zochonis Charitable Trust Warrington Convlave No 119 Warrington Golf Club Warrington Borough Council Adult and Community Servis Th• Tru8teeb' report was approved by the Board of Truitee8. Oocusn•d ty.. MRQ))- M Cozens (Chair) Truste? 20 December 2024 Dale.. .....
Dorxiggn Envelope ID.. AB24343342F84F9F.9&Dg-2AE972D74086 WALTON LEA PARTNERSHIP LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WALTON LEA PARTNERSHIP LIMrrED report to the Trustees on my examination of the financial statements of Walton Lea Partnership Limited (the Charity) for the year ended 31 March 2024. Responsibilities and basis of report As the TTUStees of the Charity (and also its directors for the purposes of company law). you are responsible for the preparation ofthe financial statements in accordance with the requirements ofthe Companies Act 2006. Having satlsfied myself that the financial statements of the Charity are not required to be audit8J under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my eXaMina-On of the Charity's financial statements rArried out under section 145 of the Charities Act 2011. In carrying out my examinats-on I have followed the Directions given by the Charity Cornmission under section 145(5llb) of the Charities Act2011. Independent examlnerfg statement sin the Charity's gross income Ox6ded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respecL accounting records were not kept in respect of the ChaTity as required by section 386 of the Companies Act 20. the finanaal statements do not accord with those records,. or the finzncizl statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is nfA a matter considered as part of an independent examinalion," or the financial statements have not been prepared in accordan with the methods and principles of the Stslement of Recommended practi for accounting and reporting by charities applicable to charities preparing their financial statements in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021. I have no concern5 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 understsnding ofthe financial st8tements to be reached. JtyLtW kitrA¥I AA Smith & Goul ng Llmlted 2 Soulhport Road Chodey Lancashire PR7 1LB
l)ocuwgn Envekpe ID.. A24343342F84F9F-9BDZe1E972D74986 WALTON LEA PARTNERSHIP LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlct8d Rostrlctsd funds funds 2024 2024 Total Unrestrlctod Reslri¢ted fund8 fund8 2023 2023 Totsl 2024 2023 Not88 Income from: Donations and legacies Charitable activities Invesknents 56.967 754.775 4.763 13.995 70.962 754.775 4.763 25.518 692,915 674 45.580 71,098 692,915 674 Totsl Income 816,505 13,995 830,500 719,107 45.580 764,687 Expenditure on: Raising funds Charilable activities 17,541 673,050 17,541 711,337 18,357 571,834 18,357 615.268 38,287 43,434 Totsl expenditure 6go,591 38,287 728,878 590,191 43,434 633,625 Nel in¢omel{expgndlturn) and movement in funds 125,914 (24,292) 101,622 128,916 2,146 131,062 Reconciliation of funds: Fund balanS at 1 April 2023 547,835 114,613 662.448 418,919 112,467 531,386 Fund balan5 at 31 March 2024 673,749 90,321 764,070 547.835 114,613 662.448 The ststement of )Inancial activities includes all gains and losses recognised in the year. All income and expenditu derive from continuing activities.
Docjjggn Envelope ID.. AB24343342F84F9F-98Dg-2AE972D74986 WALTON LEA PARTNERSHIP LIMITED BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notss Fixed a86ets Tangible assets 13 189,957 211,255 Cuent assets stocks Debtors Cash at bank and in hand 14 15 500 132,641 465,929 500 121,911 346,883 599.070 469,294 Creditors: amounts falling due withln one year 16 (24.957) (18,101) Net current assets 574.113 451,193 Total assets less Current liabilrties 764,070 662,448 The funds of the Charity Restricted income funds Unrestricted funds 90.321 673,749 114.613 547,835 19 764,070 662.448 The company is entitled to the exemption from the audit réquir8m8nt contained in section 477 of the Companiès Act 2006, for the yéar ended 31 MarGh 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. Th8 memb8rs have not required the company to obtain an audit of its financral ststements for the year in question in accordance with section 476. These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 20 December 2024 The financlal 8tatem8nts ra apprOd by thè Tru8t•a8 on... •d M Cozens (Chair) Trustee Company regislralion number 04261927 (England and Wales)
LknCJJgn Envelope ID.. AB243433-82F84F9F-9BD9-2AE972D74986 WALTON LEA PARTNERSHIP LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 22 120,388 53,157 Investlng activities Purchase oftangible fixed assets Investment income received <6.105) 4,763 {38,6611 674 Not cash used in investing activitie8 (1,342) (37,98n Met cash generatsd from flnanclng acllvltles Net increase in cash and cash equivalonts 119,046 15,170 Cash and cash 8quivalents at beginning of year 346.883 331,713 Ca•h and ¢ash equlvalents at end of year 465.929 346.883
DOc$19n Envglope ID.. A824343>82F84F9F-98D2AE972D7498s WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Wallon Lea Partnership Limited is a private company limited by guarantee incorporated in England and Wales. The registered Offi is Chester Road. Higher Walton. Warrington, WA4 6TB. 1.1 Accounting convention The financial statements have been prepared in accordance with the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191" The Charity is a Public Benefft Entity as defined by FRS 102. Th8 financi81 statements are prepared in sterling, which is th8 functional currency of the Charity. Monetsry amounts in these financial stslements are rounded to the nearest £. The financial ststements have been pr8par8d under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Twstees have a reasonable eXcl8t10n thal Ihe Charty has adequate resour$ to continue in operational existen for the foreseeable future. Thus the Trustses continue to adopt the going conc8m basis of accounting in preparing the financial slalements. 1.3 ChariLible funds Unrestricted funds are available for use at the discretion of the Trustees in fijrtheran of their charitable obJ"ectives. Restricted funds are subject to specific con(Jitions by donors or grantors as to how they may be used. The purposes and uses of the restrtcted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. The Charity does not have any such funds at this time. 1.4 Incomlng resources Income is recognised when the Charity is legally entitled to it after any perforni8n conditions have been met. the amounts can be measured reliably. and it is probable that income will be reived. Cash donation5 are recogni5ed on receipt. Other donations are recognised On the Charity has been notified of Ihe donation, unless perf0mlan conditions require deferral of the amount. Incorne tax recoverable in relation to donations reiVed under Gift Aid or deeds of covenant is re¢ogni$ed at the ts'me ofthe donation. Legacies are recognisèd on receipt or otherwise if the Charity has been notified of an impending distribution. the amount is known. and receipt is expected. If the amount is not known, the 18gacy is tr&ated as contingent asset.
Docvsgn Envelopè ID.. A824343&82F84F9F-9BDg-2AE972D74986 WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles {Contlnued) Resources expended Expenditure is recognised On there is a kgal or constructive obligalion to transfer economic benefit to a third paty. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obltg*ion can be measured reliably. Expendrture is classified by activity- The cosls of each activity are rnade up Df Ihe total of direct costs and shared costs, induding support costs involved in undertaking each activity. Direct costs 2ttributaNe to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those actiwties on a basis consistent with the use of reSoUs. CeTrtral stsff costs are allocated on th8 basi5 of time spent, and depreciation charges are allocated on the portion of the asset's US8. Resou5 expended are accounted for in accordan with the accruals convention. Expenditure on operational programmes is recognised in the period in which it has been incurred. A designated fvnd is established for expenditure which has been committed to projects but remains unspent at the year end. Governance costs includ8 costs of th8 preparation and examination of the statutory accounts. the costs of Trustees, meetings and the costs of any legal advice to Truste8s on gov8mance or constitutional matters. 1.6 Tanglblo flxed assots Tangible fixed assets are inilially measured al cost and subsequently mèasured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as to wrtte off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold land and buildings Plant and equipmenl Computers Motor vehides 2Yo on cost 25% on reducing balance 33.30A on cost 251J/o on reducing balance The gain or loss arising on the disposal of an asset is detsThnined as the difference beeen th8 sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalrnient of flxed assets At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to detem)ine whether there is any indication that those assets have suffered an impairment 10&8. If any such ind8"0n exists. the recoverable amount of the asset is estim8ted in order to deteIne the extent of the impaient loss (if any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling pri less costs to complete and sell. Cost comprise5 direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items hehj for distribution at no or nominal consideration are measured the lower of replament cost and cost Net realisable value is th8 estimated selling pri less all estimatsd costs of Gomp18tion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equivalents Gash and cash equivalents include cash in hand, deposits held at call with banks, 0th8r 5hort-term liquid investsnents with original maturits'es of three months or less, and bank overdrafts. Bank overdrats a shown within borrowings in current liabililies. 10-
Dgn Envelope ID.. AB24343&82F84F9F-9BDg2AE972D74g86 WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Contlnued> 1.10 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to th8 contractual provisions of the instwment. Financial assets and liabilities are offset, with the net amounts presented in the financlal statements, when there is a legalty enforceablè right to set off the recognis8d amounts and thér6 is an int6ntion to s8tt1é on a nét basis or to rèalise the asset and settle the liabilty simultaneously. Baslc financial assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the aangernent consttiutes a financing transaction, where the transaction is measured at the present value of the future receipts discourtted at a market rate of intere5L Financial assets dassified as receivable within one year are not amorttsed. Basle flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially r8cognised at transaction price unl8SS the arrangemenl constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rat8 of interest. Financial liabiliti8s dassifi8d as payable w¢thin one year are not amorhsed. Debt instruments are subsequendy carried at amorb'sed cost, using the effedive interest rate method. Trade creditors ar8 obligations to pay for goods or services that have been acquired in the ordinary cours8 of operations from suppliers. Amounts payable are classified as current Itabilities if payment is due within one year or less. If not, they are presented as non<urrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of flnan¢lal Ilabllftles Financial liabilities are derecognised when Ihe Charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benellts The cost of any unused holiday entitlement is recognised in the period in which the employee's ServIS are reoived. Temiination benefits are recognised immediately as an exp8nse when the Charity is demonstrably committed to temiinate the employment of an employee or to provide tem)inalion beneffts. 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes a Charged as an expense as they fall due. 1.13 Apportlonment of costs Costs of direct charitable expenditure are allocated on the basis of consumption of goods and servi$ in each of th8 projects operated by the charity. Support costs include any other costs bome by the charity in Continuan of its activities. Vvhere expenditure has been incurred which represents both charitable project support and general management of the charity the cost has been apportioned on the basis of the management time allocated to each aclivity. Governance Costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Costs are apportionéd gross including irrecoverable VAT. 11
oOLs1gn Envelope ID.. AB24343m2F64F9F-9BD2AEg72D74s86 WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 crftlcal accountlng estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimat8s and associated assumptions are based on historical experien and other tsctors that are considered to be relevanL Actual results may differ from these estimates. The estimates and underlying assumplions are reviewed on an ongoing basis. Res1OnS to accounting estimates are recognised in the period in which the estimate is revised where the revision affects cnty that period. or in the period of the revision and fijture periods where the revision affects both current and fiJture periods. Income from donatlons and legacles Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts 56.967 13,995 70.g62 25,518 45,580 71,098 Income from charitable activities Unreslrlcted Unrestrictèd fundg fund8 2024 2023 Charitable activities Sale of goods Services provi(led under contract 72,372 682,403 69,919 622,996 754,775 692,915 Incomo from Invostmonts Unroslrlcted Unrestrlcted funds fund? 2024 2023 Interest re1VebIe 4,763 674 12-
Docusign Envelope ID.. AB24343&82F84F9F.9BD9.2AE972D74986 WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raising funds Unrnstrictsd Unrestricted funds funds 2024 2023 Fundralslng and publlclty Fundraising agents oth8r fvndraising costs 640 17,717 17,535 17,541 18.357 Expenditure on charitsble activilies Charitable actlvltlos 2024 ChaTiiable actlvltlos 2023 Direct C08ts Staff costs Depreciation and impaiment Stsff training Rent, rates and utilities 422,943 27,003 6,235 15,763 371,201 25,524 2.707 34,062 k il Insurance Telephone and broadband Postage and stationery Repairs and renewals Motor and travel costs Sundry expenses Cleaning and kitchen supplies PPE costs Enter ac916 in datsbase 9,264 8,520 8,733 30,356 21,253 11,323 13,831 18,382 4,970 5,072 3,227 41,852 7,829 3,878 7.518 18.OlJO 83 593,6C6 525,923 Sharo of support and gov•manc• Costs (soo nots 8) Support Governance 116,771 88.385 960 711,337 615,268 Analysls by fund Unrestricted funds Restricted fijnds 673,050 38,287 571,834 43,434 711,337 615,268 13-
Docusgn Envelope ID.. AB2434332F84F9F-98D2AE972D749a6 WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocat8d to activiti88 2024 2023 Stsff costs Bank charges Consultsncy fees Legal fees Arxountsncy 100,490 1,286 8,331 54,244 4,749 14,332 4,777 5,773 4,510 960 3,220 Governance costs 960 117,731 89,345 Anatysed between: Charitable activities 117,731 89,345 Net movement in funds 2024 2023 Thè nét movement in funds is stated after chargingllcrèdiling).. Fees payable for the indep8nd8nt 8xamination of the charity's financial statements Depreciation of ownpd tsngible fixed assets 960 27,003 960 25.524 10 Trustoes None of the Trustees (or any persons connected with them) reiVed any remuneration or beneffts frcm the Charity during thè year. 11 Employees The average monthly numberofemployees during the yearwas.. 2024 Number 2023 Number Support stsff Management staff 27 22 Total 29 25 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 490,850 28,862 3,721 391.833 27,617 5,995 523,433 425,445 14-
Dcusign Envelope ID.. AB24343&82F84FSF-9BD2AE972D74986 WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 11 Employees {Contlnued) There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: 2024 2023 Aggregate comp8nsation 42,826 33,500 12 Taxation The charity is exempt from taxation on its activitie5 because all its income 15 applied for charitsble purposes. 13 Tangible fixed assets L•a8•hold land and bulldlngs Plant and equiprnent Computers Motor vehicles Total Cost At 1 April 2023 Addilions 315,619 25,836 4,840 10,722 1,265 68,097 420,274 6,105 At 31 March 2024 315,619 30,676 11,987 68,097 426,379 Doproclatlon and Impalrniont At 1 April 2023 Depreciation charged in the year 152,492 12,752 18,145 2,024 7,363 3,058 31,419 9,169 209,419 27.003 At 31 March 2024 165,244 2Q,169 10,421 40.588 236,422 Carrylng amount At 31 March 2024 150,375 10,507 1,568 27,509 189,957 At 31 March 2023 163,127 7,691 3,759 36,678 211.255 14 Stocks 2024 2023 Raw matsrials and consumables 500 500 15
DooJsign Envelope ID.. AB24343M2F84F9F-98D2AE972D74ga6 WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Debtors 2024 2023 Arnounts falllng due within one year: Trade d8btors Other debtors Prepayments and acwed income 123,006 921 8,714 118,125 3,786 132,641 121,911 16 Croditors: amounts falllng due within one year 2024 2023 Trade creditors Other creditors Accruals and deferred incom8 18.122 409 6,426 3,435 782 13,884 24,957 18,101 17 Retirement benefit schemes 2024 2023 Definod contribution schemos Charge to profit or loss in respect of defined contribution schemes 3,721 5.995 The Charity operats$ a defined conlribution pension scheme for all qualifying employ88s. Th8 assets of the schem8 are held s8parat81y from those of the Charity in an independently administ8r8d fund. 16-
Docuggn Envelope ID.. AB24343>82F84F9F4BD2AEg72D74ga6 %xw 1? 141 oJN*oI ¢0 000 000 000 CO00 O LnrOC>f tr-oo00¢Xl OInO0 w I o) U o (is £ c Z CL)£ L)I<0<<
Docusign Envelope ID.. AB243433-82F84F9F-9BD2AE972D749BG Iq
DoSign Envebpe ID.. AB24343&82F84F9F-gBD&2AE972D74986 WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donalions and grants which are not subject to spècific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted fund5 by the trustees for specific purposes. At 1 Aprll 2023 Incomlng re•our¢e8 Resources At 31 March expended 2024 Maintsnance and site improvemenl General funds 28,084 788,421 (2,3041 {688,2871 25,780 647,969 547,835 547,835 816,505 {690,5911 673,749 Previous year: At 1 Aprfl 2022 Incomlng resources Resources At 31 March expended 2023 General funds 418,919 719,107 {590,1911 547,835 20 Analysls of net assets between funds Unre8tri¢tsd funds 2024 Re8tri¢tsd funds 2024 Totsl 2024 Al 31 March 2024: Tangible assets Current assetsl{liabilitiesl 104.636 569,113 85,321 5,000 189,957 574,113 673,749 90,321 764.070 Unre$trl¢tsd fund8 2023 Restricted fund8 2023 Totsl 2023 At 31 March 2023: Tangible assets Current assetsl(liabilitiesl 111,278 436,557 99,977 14,636 211,255 451,193 547,835 114,613 662,448 21 Related party tran8action8 There w6r8 no disclosable related paty transactions during the year12023- none). 19
Docusign Envelope ID.. AB24343&82F84FgF-9BD9-2AE972D74986 WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Cash ggn8rntgd from operations 2024 2023 Surplus for the year 101,622 131,062 Adjustrnonts for: Invesknent income recognis8d in statem8nt of financial activities Depreciation and impairment of tangible fixed assets (4,7631 27,003 (674) 25,524 Movements In worklng capltal: (Increase) in debtors Increasel{decreasel in creditors (10,3311 6,857 1101,164) 11,591) Cash generated from operatlons 120,388 53,157 Analysis of changes in net funds The Charity had no material debt during the year. -20-