Charity reglstratlon number 1113830
Company reglstration number 05695208
Walton Firs Foundation
Financial Statements
For The Year Ended
31 January 2024

Walton Firs Foundation
Contents
Page
Legal and adminslralive information
Chairman's report
Trustees, report
Independent examinerfs report
Slatemenl of financial activities
Summary income and expenditure account
Statement of financial position
10
Stalement of cash flows
11
Notes to the financial statements
12-24

Walton Firs Foundation
Legal And Administrative Information
Trustees
Rob Woolford
David Gardner
Geoff Card
Benita Middleton
David Lewis
Andrew Webster
Alan Parker CBE
Secretary
Julia Wigram
Charlty number
1113830
Company number
05695208
Princlpal address
Walton Firs Activity Centre
Convent Lane
Cobham
Surrey
KT11 1HB
Reglstered offlce
Dixcart House
Addlestone Road
Bourne Business Park
Addleslone
Surrey
KT15 2LE
Independent examlner
Ward Williams
Chartered AGcountanls
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN

Walton Firs Foundation
Legal And Administrative Information
Patrons
Rosemary Dane
Rob Douglas CBE DL
Sa15y Ford
Mark Gardner
Martin Gerrard QPM DL
John Glendinning
Reverend Gregory Hargrove
Andrew Hobbs
Nick Kates
Elizabeth Kennedy
Peter Lankester
Alistair Mann
Grayham Moon
Michael Moore
Mike Pain
Cliff Palmer
Tim Perry
Derek Pollard OBE
Priscilla Robinson
Joe Rogerson
Michael Slorick
Ashley Tilling
Marion Wadley
John Woodhead

Walton Firs Foundation
Chairman's Report
For the year ended 31 January 2024
In the year under review we have seen some further progress on the developmenl of activities at Walton Firs for
young people but not at the same rale of growth as the previous year, since customer demand was lower than
anticipaled and whilst there was growth in income it was below Ihe anticipated level.
Going forward, however, we are optimisti¢ that much will progress and our slaffing to deal with the organisational
procedures and management of the activities onsite reflects this expectation. The mid-week revenue providing
outdoor educational activities for schools continues to grow and will hopefully help to maintain the level of cost of
participation in activities at Walton Firs at the reasonable cost level presently enjoyed by the voluntary organisalions
at the weekends.
We have recently signed an agreement with Burhill, our neighbours at Walton Firs. to make availab￿ additional land
for activities providing further outslanding experiences of self-reliance and team building exercises for a greater
number of young people. This does of course increase the need for additional instructor support and whilst we have
moved from one warden employed when we bought the Activity Centre to a figure of more than 15 instructors now,
we can see that going fO￿ard more help and overview wi51 be required.
Our plans this year also include the replacement of the Pembroke building, which we hope lo commence at the end
of the season, with the need for us to raise quite a substantial amount of money. The help of everybody in putting
this togelher will be important. The old building which will resurrect as the Wilman building was put up at Walton
Firs 50 years ago once this second-hand building was able to be moved from Pembroke Dock in Wales after the
completion of the new facility there. It is therefore past its sell by date and we look fotward to providing a much
more acceptable level of quality accommodation.
11 has been a wonderful year at Walton Firs of conlinued growth and the team at Walton Firs are very enthused with
all the progress and facilities that we are continuing to expand for the enjoyment and experience of young people.
As ever, much of our thanks and acknowledgement must go to the on51te team working to ensure that everything
happens and everything that we are finally able to pul together works effectively, so that the experience of
ting in these activities is very much enjoyed by the young people who join us at Walton Firs. Our thanks
to all of those who 5UPPOrt us, both onsite and externally in providing consulting help and financial input.
e a fantastic year for Walton Firs in anticipation of the interesting and substantial projects being
stgo
e that il will
ken.
unde
Rob Woolford
Chairman

Walton Firs Foundation
Trustees, Report (Including Directors. Report)
For the year ended 31 January 2024
The trustees presenl their annual report and financial statements for the year ended 31 January 2024.
The financial statements have been prepared in accordance with Ihe accounting policies set out in note 2 to the
financial statements and comply with the charity's Articles ofAssociation, the Companies Act 2006 and Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)" (effective 1 January 2019).
ObjectSves and actlvltles
The objective of the Foundation is to hold, improve and maintain the Walton Firs Activity Centre in Cobham, Surrey,
for the use and enjoyment of continuing generations of young people.
In operating Ihe Activity Centre the intention is to provide outdoor, educational and training activily facilities for all
groups of young people.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding whal activities Ihe
charity should undertake.
Achievements and performance
The Centre continues in its aim to provide recreational outdoor activities and facilities for the use of its traditional
users in the voluntary youth sector and in addition the educational sector mid-week.
The Foundation is determined to expand on its education and environmental objectives. The site provides a low
cost seTvice to its users, whilst, at the same lime, aiming to make a surplus. which is reinvested in improving the
quality of the site and the funding of new projects.
Visitor numbers remain stable during the year however the number of individual groups booking activities and
accommodation showed a modest increase. The Centre continues to provide daily facilities to two pre-school age
outdoor Forest Schools throughout the year.
Financial review
Income from the Foundation's charitable activities increased over the year to £578,624 (£528,195 for 2023).
£254,500 of the income received was from activity programmes delivered by the Centre's leam of instructors, the
balance from camping, residential use of accommodation buildings and day use of the centre's facilities.
Utility supply costs, employee costs and general inflationary pressure over the year resulted in the centre generating
a loss of £26,225 for the year (profit of £39,002 in 2023).
Rental income from the telecom mast siluated on Foundation land contributed £26,6001£26,600 in 2023).
The governance costs of Walton Firs Foundation were £65,796 (£48,367 for 2023) of which £64,046 were
professional services donated by our supporters. During the year we received donations and legacies totalling
£97,278 {£11,620 for 2023>.
The Foundation has been helped over the period since the pandemic by a very generous legacy from an ex-director
and patron Mr Richard Shortman with the final sum of £60,803 received during the financial year.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves
at Ihis level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's
Current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves
has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied Ihat systems are in
place to mitigate exposure to the major risks.

Walton Firs Foundation
Trustees. Report (Including Directors, Report) (Continued)
For the year ended 31 January 2024
Plans for future periods
The trustees of Walton Firs Foundation are committed to develop further the range of recreational outdoor activities
and outdoor education provision at the Centre, and lo promote environmental awareness amongst the young
visitors. To this end trustees have reached agreement with Burhill Estates to make available addl1￿)nal land
increasing the site to 50 acres, the additional land will assist greatly the aims of the Foundation in the coming year.
Planning consent was granted in November for the replacement of the Pembroke Hut to provide quality indoor
accommodation for groups of 36 young people and leaders. This development is in the final stages of design and
will provide environmental improvements to the Centre's facilities including solar power, this will also provide the
Centre with cost savings within it's electrical power demand.
Work to improve Ihe entrance driveway to Ihe Activity Centre and construction of a coach parking area was
completed in March 2024.
A new kitchen facility to provide catering for school groups laking part in outdoor activities on the site was completed
in January 2024 and will be a welcome addition to the facilities over the coming year.
structure, governance and management
The struclure of Walton Firs Foundation is a company limited by guarantee, incorporated on 2 February 2008 and
established to hold, improve and maintain the Walton Firs Activity Centre in Cobham.
The governing document of the Foundation is the Articles ofAssociation adopted on 8 June 2019.
The governance is by the board of directors who are also the trustees of the Foundation.
No policy for the induction and training of new trustees has been adopted.
In order to review the actions of the directors and trustees, a body of experienced and enthusiastic individuals,
known as the member patrons, has been appointed. The member patrons have the right to question the directors
on their actions and, if considered necessary, replace the directors.
Walton Firs is a company limited by guarantee. The member patrons are also the shareholders who have
guaranteed that they will pay £10 each in the event of the guarantee being called.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial statements were:
Rob Woolford
David Gardner
Geoff Card
Benila Middleton
Peter Hanna
David Lewis
Andrew Webster
Alan Parker CBE
(Resigned 3 June 2023)
Funds held as custodian trustee
Reserves are needed lo bridge the gap between Spending and receiving of income, particularly as income is
seasonal, and to cover unplanned emergency repairs and other expenditure.

Walton Firs Foundation
Trustees, Report (Including Directors. Report) (Continued)
For the year ended 31 January 2024
Rlsk management
The directors and trustees have identified areas of operational risk covering specific poinls, both within and oulside
the remit of that covered by current health and safety and child protection legislation. The objective being to provide
safe environment for the young people, volunteers and staff using the Activity Centre and to also provide
insurance cover against any unexpected loss.
The Foundation holds a community risks insurance policy which encompasses cover for public liability, employerfs
liability, and personal accident cover for volunteer instructors. Business interruplion and trustee indemnity cover are
also held.
The Foundation budgets to make an operational surplus each year and Ihe actual results are closely monitored
against the budget. Capital expenditure is not authorised until funds are committed or in place to pay for the
expenditure. The Foundation holds an operational reserve from year to year in case of unexpected calls on its
financial resources.
Publlc benefit
The Aclivity Cenlre is open lo groups of all young people without restriction.
Fees are charged for activities lo cover immediate running costs of the Activity Centre and these do not unduly
restrict altendance.
One of the key aims of the Foundation that demonstrates its public benefit is that through the Activity Centre young
people are provided with outdoor, educalional and training facilities Ihat help them develop their full potential.
The trustees, report was approved by the Board of Truslees.
ulia Wigram
Company secretary
David
Trustee

Walton Firs Foundation
Independent Examiner's Report
To The Trustees Of Walton Firs Foundation
I report to the trustees on my examination of the financlal statements of Walton Firs Foundation (the charity) for the
year ended 31 January 2024.
Responslblllties and basis of report
As the trustees of the charity (and also its directors for the purposes of company law> you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 201A (the 2006
Act).
Having satisfied myself that the financial statements of the charity are not required to be audiled under Part 16 of
Ihe 2006 Act and are eligible for independent examination, I report in respect of my examination of the charily's
financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 145(5J(b)
ofthe 2011 Act.
Independent examiner's statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ACCA.
which is one of the listed bodies.
I have completed my examination. I confirm that no rnalters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or
Ihe financial statements do not accord with those records., or
the financial statements do not comply with the accounting requiremenls of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charilies applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK a￿1
Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination lo which attention
should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached.
Frank Harling
Ward Wllllams
Chartered Accountants
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
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Walton Firs Foundation
Summary Income And Expenditure Account
For the year ended 31 January 2024
All Income funds
2024
2023
Gross income
Transfer to endowment funds
759,523
(37,482)
635,834
{106,429)
Total income in the reporting period
722,041
529,405
Total expenditure from income funds
647,243
525,230
Net Income for the year
74,798
4,175

Walton Firs Foundation
Statement Of Financial Position
As at 31 January 2024
2024
2023
Notes
Fixed assets
Tangible assets
14
1,780,814
1,695,316
Current assets
stocks
Debtors
Cash at bank and in hand
15
16
6,412
29,028
252,453
2,023
44,707
195,645
287,893
242,375
Credltors: amounts falling due withln
one year
17
{160,4641
1115,081)
Net current assets
127,429
127,294
Total assets less current Ilabilitles
1,908,243
1.822,610
Credltors: amounts falllng due after
more than one year
18
(15,882)
Net assets
1,908,243
1,806,728
Capltal funds
Endowment funds- general
Income funds
Restricted funds
Unrestricted funds
22
1,590,950
1,564,233
19
20
88,479
228,814
29,339
213,156
1,908,243
1,806,728
The notes on pages 12 to 24 form part of these financial slatements.
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 January 2024.
The directors acknowledge their responsibilities for complying wilh the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
acco
nce with section 476.
ese
othe
nancial statements have been prepared in accordance with the provisions applicable to cornpanies subject
mall companies regime.
Th
Inancial slalements were approved by the Trustees on
Woolfor
Truste
David Gar
Trustee
Company reglstratlon number 05695208
10-

Walton Firs Foundation
statement Of Cash Flows
For the year ended 31 January 2024
2024
2023
Notes
Cash flows from operating actlvities
Cash generated from operations
26
190,689
121,709
Investlng activltles
Purchase of tangible fixed assets
Inveslment income received
{135,998)
2,117
(102,611)
46
Net cash used in investing a¢tlvlties
(133,881)
(102,565)
Net cash used In flnancing actlvities
Net increase In cash and cash equivalents
56,808
19,144
Cash and cash equivalents at beginning of year
195,645
176,501
Cash and cash equivalents at end of year
252,453
195,645
The notes on pages 12 to 24 form part of these financial statements.
11

Walton Firs Foundation
Notes To The Financial Statements
For the year ended 31 January 2024
General Informatlon
Walton Firs Foundation is a private company limiled by guarantee incorporated in England and Wales. The
registered office is Dixcart House, Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE.
Accounting policies
2.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Articles of Association, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland. ("FRS 102.) and the Charities SORP "Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019}. The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cosl convention. The principal accounting
policies adopted are set out below.
2.2 Golng concern
The directors are of Ihe view thal continuing measures to monitor operating cosls and ongoing cash flow
requirements have secured the future of the Foundation for the foreseeable future and that on this basis the
charity is a going concern.
2.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of Ihe restricted funds are set out in the notes lo the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be mainlained by the
charity.
2.4 Incorne
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Voluntary income including donations, gifts and legacies and grants that provide Core funding or are of general
nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with
sufficient reliability. Such income is only deferred when:
the donor specifies that the grant or donation must only be used in future accounting periods., or
the donor has imposed conditions which must be met before the charity has unconditional
entitlement.
Gift Aid recoverable is included within the same category of income to which the Gift Aid claim relates in the
same period In which that income is recognised.
12-

Walton Firs Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 January 2024
Accounting pollcies
{Contlnued)
Volunteers and donated services, goods and facllltles
The value of services provided by volunteers is not incorporated into these financial statements.
Where services or goods are provided to the charity as a donation that would normally be purchased from
suppliers, this contribution is included in the financial statements at an estimale based on the value of the
contribution to the charity. Donated services include audit, legal and professional fees. Donated goods
includes building materials and office equipment.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not
recognised until there is reasonable assurance that the charity will comply with the conditions attaching to
them and the grants will be received.
Imiere the grant does not impose specified future performance-related conditions on the recipient, it is
recognised in income when the grant proceeds are received or receivable. Vvhere the grant does impose
specified future performance-related conditions on the recipient, il is recognised in income only when the
performance-related conditions have been met. Where granls re￿iVed are prior to satisfying the revenue
recognition criteria, they are recognised as a liability.
other income
Income from telecomrnunicalions masts is accounted for on a receivable basis. Rent free periods and
premiums are spread equally over the life of Ihe lease.
Income from commercial Irading activities is recognised as earned when the related goods and services are
provided.
Inveslment income is recognised on a receivable basis.
2.5 Expenditure
Expenditure is reGognised on an accruals basis as a liabilily is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is classified under headings of the statement of financial activities to which it
relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable
trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities
that further ils Charitable aims for the benefit of its beneficiaries, including those support costs and
Costs relating to the governance of the charity apportioned to charitable activilies.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor
part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to
a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they
contribute to on a reasonable, justifiable and consistent basis.
13-

Walton Firs Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 January 2024
Accountlng pollcles
(Contlnued)
2.6 Tangible flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Land and buidlings
Activity centre equipment
Fixtures and fittings
Computer equipment
2 %-10tt/o Straight line
2.5 %-20 % straight line
10 /0-200/0 Straight line
33.3 % straighl line
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of Ihe asset, and is recognised in the statement of financial activities.
2.7 Impairment of flxed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets lo determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order lo determine the extent of the impairment
loss.
2.8 stocks
stock is included at the lower of cost or net realisable value. Stock includes souvenir items available for sale.
2.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
2.10 Flnanclal 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 instrumenls are classified and accounted for, according to the substance of Ihe contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract Ihat evidences a residual interest in the assets of the Gompany after deducting all of its liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price.
Basic financial Ilabilities
Basic financial liabilities including Greditors are initially reGognised at transaction price. Financial liabilities
classified as payable within one year are nol amortised.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as Current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities.
14-

Walton Firs Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 January 2024
Accountlng pollcles
(Contlnued)
2.11 Employee beneflts
The cost of any unused holiday entillement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charily is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
2.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2.13 Operating leases
Rentals payable under operating leases, including any lease incentives received. are charged as an expense
on a straight line basis over the term of the relevant lease.
Crltlcal accounting estlmates 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 estimates and associated assumptions are based on historical experience and other factors that
are considered lo be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revislon affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
15-

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Walton Firs Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 January 2024
Income from charitable activltles
Unrestrlcted
funds
2024
Unrestrlcted
funds
2023
Actlvlty centre
Activity centre operating income
578,624
528,195
Income from other trading activities
Unrestricted Unrestricted
funds
funds
2024
2023
Shop income
Telecommunications mast income
12,363
26,600
14,579
26,600
other trading activities
38,963
41,179
Income from Investments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Interest receivable
2,117
46
Expendlture on ralsing funds
Unrestricted Unrestrlcted
funds
funds
2024
2023
Tradlng costs
Activity centre shop
9,199
10,254
17-

Walton Firs Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 January 2024
Expenditure on charltable actlvlties
Activity
centre
2024
Actlvlty
centre
2023
Dlrect costs
staff costs
Depreciation and impairment
Activity centre operating costs
369,885
50,500
187,628
284,764
40,850
167,904
808,013
493,518
Share of support and governance costs {see note 10)
Governance
65,796
48,367
673,809
541,885
Analysls by fund
Unrestricted funds
Restricted funds
Endowment funds
633,615
4,429
35,765
511,581
3,395
26,909
673,809
541,885
Activity centre operating costs include donated services of £3,495 {2023: £8,177).
10 Governance costs
2024
2023
IT and communications
Professional fees
1,028
62,518
5,652
40,465
Independent examiner's fees
2,250
2,250
65,796
48,367
Analysed between
Charitable activities
65,796
48,367
Govemance costs include donated services of £64,046 {2023: £46.6171.
11 Trustees
None of the trustees (or any persons connected with them} received any remuneration or benefits from the
charity during the year.
18-

Walton Firs Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 January 2024
12 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Activity centre
Administration
19
14
Total
24
18
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
341,923
21,784
6,178
263,484
16.637
4,643
369,885
284,764
There were no employees whose annual remuneration was more than £60,000.
13 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
14 Tangible flxed assets
Land and
buidlings
Activity Flxtures and Computer
centre
fittings
equipment
equlpment
Total
Cost
At 1 February 2023
Additions
1,701,939
98,554
19Jf,128
29,733
92,916
6,761
6,462 1,996,445
950
135,998
At 31 January 2024
1,800,493
224,861
99,677
7,412 2,132,443
Depreclation and impalrment
At 1 February 2023
Depreciation charged in the year
159,270
30,262
81,933
11,027
55,117
8,368
4,809
843
301.129
50.500
At 31 January 2024
189,532
92,960
63,485
5,652
351,629
Carrying amount
At 31 January 2024
1,610,961
131,901
36,192
1,760 1,780,814
At 31 January ?023
1,542,669
113,195
37,799
1,653 1,695,316
19-

Walton Firs Foundation
Notes To The Financial Statements {Continued)
For the year ended 31 January 2024
14 Tanglble flxed assets
(Contlnued)
The carrying value of land included in land and buildings comprises..
2024
2023
Freehold
800,000
800,000
15 Stocks
2024
2023
Finished goods and goods for resale
6,412
2,023
16 Debtors
2024
2023
Amounts falling due wlthin one year:
Trade debtors
other debtors
Prepayments and accrued income
17,345
3,144
8,539
35,504
543
8,660
29,028
44,707
17 Credltors: amounts falling due wlthin one year
2024
2023
other taxation and social security
Trade creditors
other creditors
Accruals and deferred income
15,561
4,658
16,781
123,464
13,344
14,649
18,060
69,028
160,464
115,081
18 Credltors: amounts falling due after more than one year
2024
2023
other creditors
15,882
Creditors falling due within one year and after more than one year includes £15,882 {2023.' £32,882) of the
lease premium received in January 2015 of £170,000, which is deferred over the 10 year life of the lease.
-20-

Walton Firs Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 January 2024
19 Restrlcted funds
The restricted funds of the charity comprise Ihe unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 February
2023
Incoming
resources
Resources
expended
Transfers At 31 January
2024
Activity Centre Equipment
Telecoms Building
Wilman Lodge
Aeroball
10,541
15,166
1,397
2,235
{953)
{3,476)
{3,062}
57,425
4,792
(2.235)
6,526
69,115
12,838
6,649
29,339
6,649
(4,429)
56,920
88,479
Previous year:
At 1 February
2022
Incomlng
resources
Resources
expended
Transfers At 31 January
2023
Activity Cenlre Equipment
Telecoms Building
Wilman Lodge
Dick's ShedlRichard's Barn
Aeroball
5,073
16,249
1,397
31,235
1,500
(2,312)
(1,083)
6,280
10,541
15,166
1,397
1,515
196
2,235
(1,515)
(31,431)
2,235
53,954
5,446
(3,395)
(26,666)
29,339
20 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as lo how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
Transfers At 31 January
2024
At 1 February
2023
Incomlng
resources
Resources
expended
General funds
213,156
752,874
(642,814)
(94,402)
228,814
Previous year:
At 1 February
2022
Incomlng
resources
Resources
expended
Transfers At 31 January
2023
General funds
184,366
630,388
1521,835)
(79,763)
213,156
21

Walton Firs Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 January 2024
21 Analysls of net assets between funds
Unrestrlcted
funds
2024
Restrlcted Endowment
funds
funds
2024
2024
Total
2024
Fund balances at 31 January 2024 are represented by:
Tangible assets
101,385
Current assetsl(liabilities)
127,429
88,479
1,590,950
1,780,814
127,429
228,814
88,479
1,590,950
1.908,243
Unrestrlcted
funds
2023
Restrlcted Endowment
funds
funds
2023
2023
Total
2023
Fund balances at 31 January 2023 are represented by:
Tangible assets
103,979
Current asselsl{liabilities)
125,059
Long term liabilities
{15,882)
27,104
2,235
1,564,233
1,695,316
127,294
(15,882}
213,156
29,339
1,564,233
1,806,728
22-

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Walton Firs Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 January 2024
23 Operating lease commitments
Lessee
At the reporting end dale the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows-.
2024
2023
Within one year
Between two and five years
4,450
8,900
4,450
13,350
13,350
17,800
24 Capltal commltments
Amounts contracted for but not provided in Ihe financial slatements:
At the year end the Foundation had committed lo a project of resurfacing the entrance road and construction
of a coach park. The works commenced in February 2024 for a proposed project fee of £62,033.
25 Related party transactlons
There were no disclosable related party transactions during the year {2023 - none).
26 Cash generated from operatlons
2024
2023
Surplus for the year
101,515
83,695
Adjustments for-
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
(2,117)
50,500
{46)
40,850
Movements in working capital..
(Increase)Idecrease in stocks
Decreasellincreasel in debtors
Increase in credilors
{4,389)
15,679
29,501
3,214
(9,347)
3,343
Cash generated from operatlons
190,689
121,709
27 Analysls of changes in net funds
The charity had no material debt during the year.
24-