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||Page|Page|
|---|---|---|
|Legal and adminstrative information|1
-|2|
|Chairman’s report|3||
|Trustees’ report|4
-|6|
|Independent examiner’s report|7||
|Statement of financial activities|8
-|9|
|Statement of financial position|10||
|Statement of cash flows|11||
|Notes to the financial statements|12|- 24|
##
|Trustees|Rob Woolford|
|---|---|
||David Gardner|
||Geoff Card|
||Benita Middleton|
||Peter Hanna|
||David Lewis|
||Andrew Webster|
||Alan Parker|
|Secretary|Julia Wigram|
|Charity number|1113830|
|Company number|05695208|
|Principal address|Walton Firs Activity Centre|
||Convent Lane|
||Cobham|
||Surrey|
||KT11 1HB|
|Registered office|Dixcart House|
||Addlestone Road|
||Bourne Business Park|
||Addlestone|
||Surrey|
||KT15 2LE|
|Independent examiner|Ward Williams|
||Chartered Accountants|
||Beigrave House|
||39-43 Monument Hill|
||Weybridge|
||Surrey|
||KT13 8RN|
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|Current financial year|||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|||
|||2023|2023|2023|2023|2022|
||Notes|£|£|£|£|£|
|Income from:|||||||
|Donations and legacies|4|60,968|5,446|-|66,414|104,696|
|Charitable activities|5|528,195|-|-|528,195|319,935|
|Other trading activities|6|41,179|-|-|41,179|34,200|
|Investments|7|46|-|-|46|-|
|Total income||630,388|5,446|-|635,834|458,831|
|Expenditure on:|||||||
|Raising funds|8|10,254|-|-|10,254|6,095|
|Charitable activities|9|511,581|3,395|26,909|541,885|397,180|
|Total expenditure||521,835|3,395|26,909|552,139|403,275|
|Net incoming/(outgoing) resources|||||||
|before transfers||108,553|2051|(26,909)|83,695|55,556|
|Gross transfers between funds||(79,763)|(26,666)|106,429|-|-|
|Net movement in funds||28,790|(24,615)|79,520|83,695|55,556|
|Fund balances at 1 February 2022||184,366|53,954|1,484,713|1,723,033|1,667,477|
|Fund balances at 31 January 2023||213,156|29,339|1,564,233|1,806,728|1,723,033|
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|Prior financial year||||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|funds|funds||
|||2022|2022|2022|2022|
||Notes|£|£|£|£|
|Income from:||||||
|Donations and legacies|4|89,820|14,876|-|104,696|
|Charitable activities|5|319,935|-|-|319,935|
|Other trading activities|6|34,200|-|-|34,200|
|Total income||443,955|14,876|-|458,831|
|Expenditure on:||||||
|Raising funds|8|6,095|-|-|6,095|
|Charitable activities|9|368,700|2,922|25,558|397,180|
|Total expenditure||374,795|2,922|25,558|403,275|
|Net incoming/(outgoing) resources before transfers||69,160|11,954|(25,558)|55,556|
|Gross transfers between funds||(203,927)|22,383|181,544|-|
|Net movement in funds||(134,767)|34,337|155,986|55,556|
|Fund balances at 1 February 2021||319,133|19,617|1,328,727|1,667,477|
|Fund balances at3l January2022||184,366|53,954|1,484,713|1,723,033|
##
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||||2023||2022||
|---|---|---|---|---|---|---|
|||Notes|£|£|£|£|
|Fixed assets|||||||
|Tangible assets||14||1,695,316||1,633,555|
|Current assets|||||||
|Stocks||15|2,023||5,237||
|Debtors||16|44,707||35,360||
|Cash at bank and|in hand||195,645||176,501||
||||242,375||217,098||
|Creditors: amounts falling due within|||||||
|one year||17|(115,081)||(94,738)||
|Net current assets||||127,294||122,360|
|Total assets less|current liabilities|||1,822,610||1,755,915|
|Creditors: amounts falling due after|||||||
|more than one year||18||(15,882)||(32,882)|
|Net assets||||1,806,728||1,723,033|
|Capital funds|||||||
|Endowment funds|- general|20||1,564,233||1,484,713|
|Income funds|||||||
|Restricted funds||19||29,339||53,954|
|Unrestricted funds||||213,156||184,366|
|||||1,806,728||1,723,033|
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|||2023||2022||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Cash flows from operating activities||||||
|Cash generated from operations|25||121,709||111,139|
|Investing activities||||||
|Purchase oftangible fixed assets||(102,611)||(57,641)||
|Proceeds from disposal oftangible fixed||||||
|assets||-||933||
|Investment income received||46||-||
|Net cash used in investing activities|||(102,565)||(56,708)|
|Net cash used in financing activities|||-|||
|Net increase in cash and cash equivalents|||19,144||54,431|
|Cash and cash equivalents at beginning ofyear|||176,501||122,070|
|Cash and cash equivalents at end of year|||195645||176501|
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||||||Total||2022|£|22,468|25,231|25,231|56,997|104,696||25,231||25,231|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Restricted|funds|2022|£|14,876||-|-|14,876||-||-|
||||||Unrestricted|funds|2022|£|7,592|25,231||56,997|89,820||25,231||25,231|
||||||Total||2023|£|11,620|||54,794|66,414|||||
||||||Restricted|funds|2023|£|5,446||-|-|5,446||-||-|
||||||Unrestricted|funds|2023|£|6,174||-|54,794|60,968|||-|-|
|Walton Firs Foundation|Notes To The Financial Statements (Continued)|For the year ended 31 January 2023||4
Donations and legacies|||||Donations and gifts||Grants receivable|Donated services||Grants receivable for core activities|Government grant income (Covid-19)|||
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|||||Activity|Activity|
|---|---|---|---|---|---|
|||||Centre|Centre|
|||||2023|2022|
|||||£|£|
|Activity|centre|operating|income|528,195|319,935|
##
||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||2023|2022|
||£|£|
|Shop income|14,579|7,600|
|Telecommunications mast income|26,600|26,600|
|Other trading activities|41,179|34,200|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds||
|||2023|2022|
|||£|£|
|Interest|receivable|46|-|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|£|£|
|10,254|6,095|
|10,254|6,095|
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|||Activity|Activity|
|---|---|---|---|
|||Centre|Centre|
|||2023|2022|
|||£|£|
|Staff costs||284764|212075|
|Depreciation and impairment||40,850|39,515|
|Activity centre operating costs||167,904|90,828|
|||493,518|342,418|
|Share of governance costs (see note 10)||48,367|54,762|
|||541,885|397,180|
|Analysis by fund||||
|Unrestricted funds||511,581|368,700|
|Restricted funds||3,395|2,922|
|Endowment funds|- general|26,909|25558|
|||541,885|397,180|
##
|Governance costs|||
|---|---|---|
||2023|2022|
||£|£|
|Depreciation|-|120|
|IT and communications|5,652|3,290|
|Professional fees|40,465|47,752|
|Auditfees|-|1,350|
|Independent examiner’s fees|2,250|2,250|
||48,367|54,762|
|Analysed between|||
|Charitable activities|48,367|54,762|
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|The average monthly number of employees during th|e year was:||
|---|---|---|
||2023|2022|
||Number|Number|
|Activity centre|14|6|
|Administration|4|4|
|Total|18|10|
|Employment costs|2023|2022|
||£|£|
|Wages and salaries|263484|196,523|
|Social security costs|16,637|12,474|
|Other pension costs|4643|3,078|
||284,764|212,075|
##
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|Tangible fixed assets||||||
|---|---|---|---|---|---|
||Land and|Activity|Fixtures and|Computer|Total|
||buidlings|centre|fittings|equipment||
|||equipment||||
||£|£|£|£|£|
|Cost||||||
|At 1 February 2022|1,626,745|195,128|67,337|4,624|1,893,834|
|Additions|75,194|-|25,579|1,838|102,611|
|At31 January2023|1,701,939|195,128|92,916|6,462|1,996,445|
|Depreciation and impairment||||||
|At 1 February 2022|135,084|74,479|46,348|4,368|260279|
|Depreciation charged in the year|24,186|7,454|8,769|441|40,850|
|At31 January2023|159,270|81,933|55,117|4,809|301,129|
|Carrying amount||||||
|At31 January 2023|1,542,669|113,195|37,799|1,653|1,695,316|
|At31 January2022|1,491,661|120,649|20,989|256|1,633,555|
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|||||
|---|---|---|---|
|14|Tangible fixed assets||(Continued)|
||The carrying value of land included in land and buildings comprises:|||
|||2023|2022|
|||£|£|
||Freehold|800,000|800,000|
|15|Stocks|||
|||2023|2022|
|||£|£|
||Finished goods and goods for resale|2,023|5,237|
|16|Debtors|||
|||2023|2022|
||Amounts falling due within one year:|£|£|
||Trade debtors|35,504|28,263|
||Other debtors|543|86|
||Prepayments and accrued income|8,660|7,011|
|||44,707|35,360|
|17|Creditors: amounts falling due within one year|||
|||2023|2022|
|||£|£|
||Other taxation and social security|13,344|6846|
||Trade creditors|14,649|18,697|
||Other creditors|18,060|17,881|
||Accruals and deferred income|69,028|51,314|
|||115,081|94,738|
|18|Creditors: amounts falling due after more than one year|||
|||2023|2022|
|||£|£|
||Other creditors|15,882|32,882|
|Restricted funds|The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:|Movement in funds
Movement in funds|Balance at
Income
Expenditure
Transfers
Balance at
Income
Expenditure
Transfers
Balance at|1 February
1 February
31 January|2021
2022
2023|£
£
£
£
£
£
£
£
£|Activity Centre Equipment
7,695
-
(2,922)
-
5,073
1,500
(2,312)
6,280
10,541|Special Hargrove Fund
450
-
-
(450)
-
-
-
-
-|Development Fund
- other
300
-
-
-
-
-
Telecoms Building
9,275
-
-
6,974
16,249
-
(1,083)
-
15,166|Wilman Lodge
1,397
-
-
-
1,397
1,515
-
(1,515)
1,397
Dick’s Shed/Richard’s Barn
500
14,876
-
15,859
31,235
196
-
(31,431)
-|Aeroball
-
-
-
-
-
2,235
-
-
2,235|19,617
14,876
(2,922)
22,383
53,954
5,446
(3,395)
(26,666)
29,339|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|19|||||||||||||
|Walton Firs Foundation|Notes To The Financial Statements (Continued)|For the year ended 31 January 2023|20
Endowment funds|Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowmentfunds can be used in accordance with the objects
ofthe charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part ofthe fund.|Movement in funds
Movement in funds|Balance at
Transfers
Balance at
Transfers
Balance at
Income
Expenditure
Income
Expenditure|1 February
1 February
31 January|2021
2022
2023|£
£
£
£
£
£
£
£
£|Permanent endowments|Activity Centre Purchase Fund
Patience Baden-Powell Centre
800,000
105,909
(6,590)
-
800,000
-
99,319
(6,590)
-
800,000
-
92,729|VisitorAccommodation
153,338
(4,034)
-
149,304
(4,034)
-
145,270|Activity and Training Resource
Visitor Facilities
121,496
147,984
(5,739)
(9,195)
-
115,757
181,544
320,333
(7,089)
(9,196)
106,429
215,097
-
311,137|1,328,727
-
(25,558)
181,544
1,484,713
-
(26,909)
106,429
1,564,233|The transfer in the prior year from the unrestricted fund to the endowment fund related to the shower block. Our policy is to transfer the cost to the endowment fund|when a project is completed, but this was overlooked in 2021.|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Total||2022|£|||1,633,555|122,360|122,360|(32,882)|1,723,033|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Restricted Endowment|funds
funds|2022
2022|£
£|||53,954
1,484,713||-
-|-|53,954
1,484,713|
|||||Total Unrestricted|funds|2023
2022|£
£|||1,695,316
94,888||127,294
122,360|(15,882)
(32,882)|1,806,728
184,366|
|||||Restricted Endowment|funds
funds|2023
2023|£
£|||27,104
1,564,233||2,235
-|-|29,339
1,564,233|
|Walton Firs Foundation|Notes To The Financial Statements (Continued)|Forthe year ended 31 January 2023||21
Analysis of net assets between funds
Unrestricted|funds|2023|£|Fund balances at 31 January 2023 are represented||by:
Tangible assets
103,979||Current assets/(liabilities)
125,059|Long term liabilities
(15,882)|213,156|
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|At the reporting end date the charity had outstanding commitments for future
non-cancellable operating leases, which fall due as follows:|minimum lease paym|ents under|
|---|---|---|
||2023|2022|
||£|£|
|Within one year|4,450|4,000|
|Between two and five years|13,350|16,000|
||17,800|20,000|
|Capital commitments|2023|2022|
||£|£|
|At 31 January 2023 the charity had capital commitments as follows:|||
|Contracted for but not provided in the financial statements:|||
|Acquisition of property, plant and equipment|-|60,000|
##
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|25|Cash generated from operations|2023|2022|
|---|---|---|---|
|||£|£|
||Surplus for the year|83,695|55,556|
||Adjustments for:|||
||Investment income recognised in statement of financial activities|(46)|-|
||Depreciation and impairment oftangible fixed assets|40,850|39,634|
||Movements in working capital:|||
||Decrease/(increase) in stocks|3,214|(856)|
||(lncrease)/decrease in debtors|(9,347)|6,897|
||Increase in creditors|3,343|9,908|
||Cash generated from operations|121,709|111,139|