2021-01-31-accounts

	Pages
Trustees annual report (incorporating the directors report)	I to 5
Independent auditors report to the members	6 to 8
Statement of financial activities (including income and expenditure account)	9
Statement offinancial position	10
Notes to the financial statements	11 to 21

Registered charity name	Walton Firs Foundation
Charity registration number	1113830
Company registration number	05695208
Registered office	Dixcart House
	Addlestone Road
	Bourne Business Park
	Addlestone
	Surrey
	KT15 2LE
Directors and Trustees
	Geoff Card
	David Lewis
	David Gardner
	Peter Hanna
	Benita Middleton
	Michael Pain
	Peter Wilman
	Rob Woolford
Patrons
	Rosemary Dane
	Rob Douglas CBE DL
	Sally Ford
	Martin Gerrard QPM DL
	Reverend Gregory Hargrove
	Elizabeth Kennedy
	Alistair Mann
	Grayham Moon
	Cliff Palmer
	Lin Phillips
	Tim Perry
	Derek Pollard OBE
	Priscilla Robinson
	Joe Rogerson
	Michael Slorick
	EdgarWadley
	Marion Wadley
	Andy Webster
	John Woodhead
Company Secretary	Julia Wigram
Auditor	Riches & Company
	Chartered Accountants & Statutory Auditor
	34 Anyards Road
	Cobham
	Surrey
	KTI1 2LA

			2021			2020
		Unrestricted	Restricted	Endowment
		funds	funds	funds	Total funds	Total funds
	Note	£	£	£	£	£
Income and endowments
Donations, grants and
legacies	5	286,179	500	1,250	287,929	205,606
Charitable activities	6	74,973	—	—	74,973	306,149
Other trading activities	7	27,644		—	27,644	44,008
Total income		388,796	500	1,250	390,546	555,763
Expenditure
Expenditure on raising funds:
Costs of other
trading activities	8	2,278			2,278	12,162
Expenditure on charitable
activities	9,10	299,249	2,843	25,685	327,777	407,003
Total expenditure		301,527	2,843	25,685	330,055	419,165
Net income		87,269	(2,343)	(24,435)	60,491	136,598
Transfers between funds		(4,791)	6,041	(1,250)
Net movement in funds		82,478	3,698	(25,685)	60,491	136,598
Reconciliation offunds
Total funds brought forward		236,655	15,919	1,354,412	1,606,986	1,470,388
Total funds carried forward		319,133	19,617	1,328,727	1,667,477	1,606,986

31 January 2021
		2021		2020
	Note	£	£	£	£
Fixed assets
Tangible fixed assets	17		1,616,481		1,570,843
Current assets
Stocks	18	4,381		4,770
Debtors	19	42,257		15,231
Cash at bankand in hand		122,070		136,790
		168,708		156,791
Creditors: amountsfalling duewithin
oneyear	20	67,830		53,766
Netcurrent assets			100,878		103,025
Total assets less currentliabilities			1,717,359		1,673,868
Creditors: amountsfalling due after
morethan one year	21		49,882		66,882
Netassets			1,667,477		1,606,986
Funds ofthe charity
Endowmentfunds			1,328,727		1,354,412
Restricted funds			19,617		15,919
Unrestricted funds			319,133		236,655
Total charityfunds	25		1,667,477		1,606,986

5.	Donations, grants, and legacies
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2021
		£	£	£	£
	Donations and legacies
	Donations and legacies	119,598	500	1,250	121,348
	Donated professional services	63,055	—	—	63,055
	Grants
	Other grant income (Covid-1 9)	18,999	—	—	18,999
	Government grant income (Covid-19)	84,527	—	—	84,527
		286,179	500	1,250	287,929
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2020
		£	£	£	£
	Donations and legacies
	Donations and legacies	137,959	1,390	—	139,349
	Donated professional services	66,257	—	—	66,257
	Grants
	Other grant income (Covid-19)
	Government grant income (Covid-19)
		204,216	1,390		205,606
6.	Charitable activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Activity centre operating income	74,973	74,973	306,149	306,149

Other trading activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Fundraising events	—	—	1,995	1,995
Shop income	1,044	1,044	15,413	15,413
Telecommunications masts	26,600	26,600	26,600	26,600
	27644	27,644	44,008	44,008

8.	Costs of other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Costs of other trading activities - Shop
	costs	2,278	2,278	12,162	12,162
9.	Expenditure on charitable activities by fund type
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2021
		£	£	£	£
	Activity centre operating costs	234,433	2,843	25,685	262,961
	Support costs	64,816	—	—	64,816
		299,249	2,843	25,685	327,777
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2020
		£	£	£	£
	Activity centre operating costs	307,032	3,188	25,218	335,438
	Support costs	71,565	—	—	71,565
		378,597	3,188	25,218	407,003

	Activities
	undertaken		Total funds	Total fund
	directly	Support costs	2021	2020
	£	£	£	£
Activity centre operating costs	262,961	—	262,961	335,438
Governance costs	—	64,816	64,816	71,565
	262,961	64,816	327,777	407,003

Analysis of support costs
	Analysis of
	support costs	Total 2021	Total 2020
	£	£	£
Staffcosts	7,226	7,226	8,555
Communications and IT	2,695	2,695	1,350
Depreciation	353	353	243
Sundry expenses	8,145	8,145	11,289
Professional fees	46,397	46,397	50,128
	64,816	64,816	71,565

12.	Net income
	Net income is stated after charging/(crediting):
		2021	2020
		£	£
	Depreciation oftangible fixed assets	38,083	36,459
13.	Auditors remuneration
		2021	2020
		£	£
	Fees payable forthe audit ofthe financial statements	4,500	4,400

	2021	2020
	£	£
Wages and salaries	159,906	167,062
Social security costs	7,674	7,342
Employer contributions to pension plans	2,050	2,290
	169,630	176,694

					2021		2020
					No.		No.
Number	of	staff	-	administration		4	4
Number	of	staff	-	activity centre		5	5
						9	9

Tangible fixed assets
	Land and	Fixtures and
	buildings	fittings	Equipment	Total
	£	£	£	£
Cost
At 1 Feb 2020	1,578220	4,286	171,966	1,754,472
Additions	77,342	338	6,041	83,721
Transfers	(67,806)	—	67,806	—
At31 Jan2021	1,587,756	4,624	245,813	1,838,193
Depreciation
At 1 Feb2020	107,941	3,645	72,043	183,629
Chargefortheyear	21,531	353	16,199	38,083
Transfers	(15,922)	—	15,922	—
At31 Jan2021	113,550	3,998	104,164	221,712
Carrying amount
At 31 Jan 2021	1,474,206	626	141,649	1,616,481
At 31 Jan 2020	1,470,279	641	99,923	1,570,843

Stocks
	2021	2020
	£	£
Raw materials and consumables	4,381	4,770
Debtors
	2021	2020
	£	£
Trade debtors	1,603	7,027
Prepayments and accrued income	14,056	4,106
Other debtors	26,598	4,098
	42,257	15,231
Creditors: amounts falling due within one year
	2021	2020
	£	£
Trade creditors	14,258	2,041
Accruals and deferred income	50,811	46,959
Social security and othertaxes	2,761	4,766
	67,830	53,766

				2021	2020
				£	£
Accruals	and	deferred	income	49,882	66,882

Deferred income
	2021	2020
	£	£
Ati February202o	83,882	100,882
Amount released to income	(17,000)	(17,000)
At 31 January 2021	66,882	83,882

		2021	2020
		£	£
Recognised	in income from donations, grants and legacies:
Government	grants income	84,527

Unrestricted funds
						At
	At	1 Feb 2020	Income	Expenditure	Transfers	31 Jan 2021
		£	£	£	£	£
General fund		236,655	370,080	(301,527)	13,925	319,133
Developmentfund		—	18,716	—	(18,716)	—
		236,655	388,796	(301,527)	(4,791)	319,133
						At
	At	1 Feb 2019	Income	Expenditure	Transfers	31 Jan 2020
		£	£	£	£	£
General fund		93,833	409,674	(390,759)	123,907	236,655
Development fund			144,699	—	(144,699)	—
		93,833	554,373	(390,759)	(20,792)	236,655

Restricted funds
		At				At
	1	Feb 2020	Income	Expenditure	Transfers	31 Jan 2021
		£	£	£	£	£
Shower and toilet block		—	(1,250)	—	—	(1,250)
Activity Centre Equipment		4,377	—	(2,723)	6,041	7,695
Special Hargrove fund		450	—	—	—	450
High Ropes Course		—		—		—
Development Fund - Other		420		(120)		300
Telecoms Building		9,275		—		9,275
Accommodation Pods
NewAccommodation Building		1,397	—			1,397
Outside Classroom/Shelter		—	1,250			1,250
Dick’s Shed		—	500			500
		15,919	500	(2,843)	6,041	19,617
		At				At
	1	Feb 2019	Income	Expenditure	Transfers	31 Jan 2020
		£	£	£	£	£
Shower and toilet block			—	—	—	—
Activity Centre Equipment		7,358	—	(3,068)	87	4,377
Special Hargrove fund		450	—	—	—	450
High Ropes Course		80,765	1,390	—	(82,155)	—
Development Fund - Other		540	—	(120)	—	420
Telecoms Building		9,275	—	—	—	9,275
Accommodation Pods		159,890	—	—	(159,890)	—
NewAccommodation Building		1,397	—	—	—	1,397
Outside Classroom/Shelter		9,500	—	—	(9,500)	—
Dick’s Shed
		269,175	1,390	(3,188)	(251,458)	15,919

Endowment funds
		At				At
	1	Feb 2020	Income	Expenditure	Transfers	31 Jan 2021
		£	£	£	£	£
Activity Centre Purchase Fund		800,000	1,250	—	—	801 250
Patience Baden-Powell Centre		112,499	—	(6,590)	—	105,909
Caving Experience		35,515	—	(3,390)	—	32,125
Shower and Toilet Block		134,199	—	(6,871)	—	127,328
Dutch Barn		7,554	—	(761)	—	6,793
Accommodation Pods		157,372	—	(4,034)	—	153,338
Outside Classroom/Shelter		15,553	—	(1,690)	(1,250)	12,613
High Ropes		91,720	—	(2,349)	—	89,371
		1,354,412	1,250	(25,685)	(1,250)	1,328,727
		At				At
	1	Feb 2019	Income	Expenditure	Transfers	31 Jan 2020
		£	£	£	£	£
Activity Centre Purchase Fund		800,000		—	—	800,000
Patience Baden-Powell Centre		119,088		(6,589)	—	112,499
Caving Experience		38,906		(3,391)	—	35,515
Shower and Toilet Block		141,071		(6,872)	—	134,199
Dutch Barn		8,315		(761)	—	7,554
Accommodation Pods		—		(3,997)	161,369	157,372
Outside Classroom/Shelter		—		(1,348)	16,901	15,553
High Ropes		—		(2,260)	93,980	91,720
		1,107,380		(25,218)	272,250	1,354,412

	Unrestricted	Restricted	Endowment	Total Funds
	Funds	Funds	Funds	2021
	£	£	£	£
Tangible fixed assets	271,137	16,617	1,328,727	1,616,481
Current assets	165,708	3,000	—	168,708
Creditors less than 1 year	(67,830)	—	—	(67,830)
Creditors greater than 1 year	(49,882)	—	—	(49,882)
Netassets	319,133	19,617	1,328,727	1,667,477
	Unrestricted	Restricted	Endowment	Total Funds
	Funds	Funds	Funds	2020
	£	£	£	£
Tangible fixed assets	203,012	13,419	1,354,412	1,570,843
Current assets	154,291	2,500	—	156,791
Creditors less than 1 year	(53,766)	—	—	(53,766)
Creditors greater than 1 year	(66,882)	—	—	(66,882)
Net assets	236,655	15,919	1,354,412	1,606,986

	2021	2020
	£	£
Not later than 1 year	4,000	2,250
Later than 1 year and not later than 5 years	16,000	16,000
Laterthan 5 years	4,000	8,000
	24,000	26,250