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||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|





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|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|





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||||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|





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|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|





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|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|





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|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|



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||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|



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|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|





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|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|



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||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|



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|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|



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|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|



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



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|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|



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



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|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|





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|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|





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|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|





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||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|



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||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|