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 a￿Ulre additional practic21 skills and to showcase their outstanding horticultural and craft skills to an enthusiastic and re￿ptive 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 p￿cedureS 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-98D￿2AE972D74986 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 maintsin￿j 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 un￿s1￿Cled 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 re￿IVed 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 Dc￿Sign Envelope ID.. AB24343342F84FgF.g2D￿2AE972D74￿66 WALTON LEA PARTNERSHIP LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves policy The Charity's rese￿e3 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. Docu*gn EnveloFe ID.. AB243433-82F84F9F-gBD￿￿E972D74986 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 Servi￿s Th• Tru8teeb' report was approved by the Board of Truitee8. Oocus*n•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 Ox￿6ded £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.. A￿24343342F84F9F-9BD￿Ze1E972D74986 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 balan￿S at 1 April 2023 547,835 114,613 662.448 418,919 112,467 531,386 Fund balan￿5 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 Cu￿ent 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 apprO￿d by thè Tru8t•a8 on... •d M Cozens (Chair) Trustee Company regislralion number 04261927 (England and Wales) LknCJJ￿gn 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￿$19n Envglope ID.. A824343>82F84F9F-98D￿2AE972D7498s WALTON LEA PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Wallon Lea Partnership Limited is a private company limited by guarantee incorporated in England and Wales. The registered Offi￿ is Chester Road. Higher Walton. Warrington, WA4 6TB. 1.1 Accounting convention The financial statements have been prepared in accordance with the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191" The Charity is a Public Benefft Entity as defined by FRS 102. Th8 financi81 statements are prepared in sterling, which is th8 functional currency of the Charity. Monetsry amounts in these financial stslements are rounded to the nearest £. The financial ststements have been pr8par8d under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Twstees have a reasonable eX￿cl8t10n thal Ihe Charty has adequate resour￿$ 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 re￿ived. 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 re￿iVed 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 be￿een those actiwties on a basis consistent with the use of reSoU￿s. CeTrtral stsff costs are allocated on th8 basi5 of time spent, and depreciation charges are allocated on the portion of the asset's US8. Resou￿5 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 be￿een 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 ind￿8￿"0n exists. the recoverable amount of the asset is estim8ted in order to dete￿Ine the extent of the impai￿ent 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 repla￿ment 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- D￿￿gn 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 a￿angernent 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 non82F84F9F4BD￿2AEg72D74ga6 %xw 1? 141 oJN*oI ¢0 000 000 000 CO￿00 O LnrOC>f tr-oo￿00¢Xl OIn￿O0￿￿￿ w I o) U o (is £ c Z CL)£ L)I￿￿<0<< Docusign Envelope ID.. AB243433-82F84F9F-9BD￿2AE972D749BG Iq Do￿Sign 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-