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← Walton Firs Foundation

2025-01-31-accounts

Charity registration number 1113830

Company registration number 05695208

Walton Firs Foundation Financial statements For the year ended 31 January 2025

Walton Firs Foundation

Contents

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
Statement of financial position 9
Statement of cash flows 10
Notestothefinancialstatements 11-23

Walton Firs Foundation

Legal And Administrative Information

Trustees Rob Woolford David Gardner Geoff Card Benita Middleton David Lewis Andrew Webster Raymond Day 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 Belgrave House 39-43 Monument Hill Weybridge Surrey KT13 8RN

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Walton Firs Foundation

Legal And Administrative Information

Patrons

Rosemary Dane Sally Ford Mark Gardner Martin Gerrard QPM DL Peter Hanna Reverend Gregory Hargrove Andrew Hobbs Nick Kates Elizabeth Kennedy Alistair Mann Grayham Moon Alan Parker Mike Pain Cliff Palmer Tim Perry Derek Pollard OBE Priscilla Robinson Joe Rogerson Michael Slorick Ashley Tilling Marion Wadley John Woodhead

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Walton Firs Foundation

Chairman's Report For the year ended 31 January 2025

Walton Firs continues to grow positively in providing access to experiences for young people of activity and development programs aimed at them enjoying occasions giving fun and new ideas, leadership, teambuilding and invaluable relationship training and understanding.

Building revenue has been difficult this last year as funding for these outdoor activities through voluntary organisations and education establishments has been more difficult to find. Still, we have seen growth which is encouraging and a nice appreciation of increasing understanding of the importance in developing young people's relationships in this way. With the extra land taken on last year more is possible, and more is planned during the current year although at the end of this year we will start the building of the new Wilman residential unit with an anticipated cost of close to £1,000,000.

This £1,000,000 we are working on finding and hopefully much will come from educational support grants, but we still no doubt will need to find from our local supporters quite a bit of money. Hopefully, we will find a number of initiatives which will enable the funds to roll in.

| am delighted to say as well that the teams working at Walton Firs are building in a good way to provide the instructional support for the particular activities requiring an overview, such as the climbing, caving and archery.

The areas of land taken on as a project when we decided to expand further our activity opportunity will begin to be developed and brought under our activity organisation once the new Wilman Building is in place. Our focus this year will be putting up this replacement of the Pembroke Building which has stood very patiently in the centre of our area for more than 50 years.

All in all, another great year for Walton Firs, another great year going forward, and many thanks to the great team we have that work at Walton Firs and develop the ideas which everybody keeps feeding to us.

Our Directors and Patrons continue to give us the strength that we have in being able to build everything together.

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é hope it will be another fantastic year for Walton Firs and that we celebrate at our next AGM the completion of
f substantial project.
J)
Be0 VWVOOUKSLO
Chairman
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Date: 14 June 2025

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Walton Firs Foundation

Trustees' Report (Including Directors’ Report)

For the year ended 31 January 2025

The trustees present their annual report and financial statements for the year ended 31 January 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the financial statements and comply with the charity's Articles of Association, 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).

Objectives and activities

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. The operating intention of the Activity Centre is to provide outdoor, educational and training opportunities to all groups of young people.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The Activity Centre provides recreational outdoor activities and facilities for the use by its traditional users in the voluntary youth sector and for the educational sector during mid-week. The Centre aims to deliver a low-cost service to users, whilst, at the same time, aiming to make a surplus for reinvestment into the maintenance and improvement of the site and to fund new projects.

The year ended 31 January 2025, whilst successful, produced a lower than anticipated surplus with a slow start to the year followed by a busy summer and early autumn. Annual visitor attendances of 32,056 in 2025 were up by 7% on the prior year (29,891) representing a total of 479 customer bookings in 2025 versus 500 customer bookings delivered during 2024.

Key achievements during 2024/25 comprised the successful launch of the following initiatives:

  1. Outdoor Adventurers’ holiday activity programmes for primary school-age children

  2. Fully inclusive Residential Activity Programme Packages for schools

  3. NOLA (National Outdoor Learning Award) - accredited outdoor education programmes for schools

  4. On-site catering services for residential customer groups

The Centre has historically provided daily facilities to two pre-school age outdoor Forest Schools, which continued during the year.

Financial review

Income from the Foundation’s charitable activities increased over the year to £688,683 (£578,624 for 2024). £266,136 of the income derived from activity programmes delivered by the Centre's team of instructors, the balance from camping, residential use of accommodation buildings and day use of the Centre’s facilities. Employee costs totalled £383,745, 3.4% higher than 2024, cost pressures increased operating costs by 43% to £268,141 (£187,628 in 2024). During the year expenditure of £20,000 was incurred to resurface the entrance road which contributed to the Centre reporting a loss of £24,123 for the year (loss of £26,225 in 2024).

Governance costs of the Foundation were £47,408 (£65,796 for 2024) of which £43,672 were met by professional services donated by our supporters. During the year we received donations and legacies totalling £58,448 (£97,278 for 2024).

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 this 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 to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

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Walton Firs Foundation

Trustees’ Report (Including Directors’ Report) (Continued) For the year ended 31 January 2025

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

The trustees of Walton Firs Foundation remain committed to maintaining and developing further the range of recreational outdoor activities and educational opportunities at the Centre, and to promote environmental awareness amongst the young visitors. Arecent example being the new lease with Burhill Estates to make available additional land increasing our site to 50 acres. The additional land is being brought into use and will in future enable the Centre to expand its range of outdoor activities. A future example is the proposed replacement of the Pembroke Building with construction of a new residential accommodation in the form of the Wilman Lodge which will provide quality indoor accommodation for groups of 36 young people and leaders. Fundraising efforts to finance the Wilman Lodge is well advanced, but not complete and has been the focus of attention for the trustees and patrons alike during the year. Two large grant requests totalling £950,000 are with potential donor organisations at the time of writing and the trustees remain optimistic regarding the potential outcome. The trustees also acknowledge the generous financial assistance received from donors which have been instrumental in bringing the Wilman Lodge project to its final stage.

A future example is the proposed replacement of the Pembroke Building with construction of a new residential accommodation in the form of the Wilman Lodge which will provide quality indoor accommodation for groups of 36 young people and leaders.

Structure, governance and management

The structure of Walton Firs Foundation is a company limited by guarantee, incorporated on 2 February 2006 and established to hold, improve and maintain the Walton Firs Activity Centre in Cobham.

The governing document of the Foundation

is the Articles of Association 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 Benita Middleton David Lewis Andrew Webster Alan Parker CBE (Resigned 24 July 2024) Raymond Day (Appointed 29 April 2024)

Funds held as custodian trustee

Reserves are needed to bridge the gap between spending and receiving of income, particularly as income is seasonal, and to cover unplanned emergency repairs and other expenditure.

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Walton Firs Foundation

Trustees’ Report (Including Directors’ Report) (Continued)

For the year ended 31 January 2025

Risk management

The directors and trustees have identified areas of operational risk covering specific points, both within and outside the remit of that covered by current health and safety and child protection legislation. The objective being to provide a 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, employer's liability, and personal accident cover for volunteer instructors. Business interruption and trustee indemnity cover are also held.

The Foundation budgets to make an operational surplus each year and the actual results are subject to monthly monitoring against the budget. Capital expenditure is agreed annually in advance and cash flow forecasts are also examined monthly.

Public benefit

The Activity Centre is open to groups of all young people without restriction.

Fees are charged for activities to cover immediate running costs of the Activity Centre and these do not unduly restrict attendance.

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, educational and training facilities that help them develop their full potential.

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The trustees’ report was approved by the Board of Trustees.
>
ulia Wigram
Company secretary
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Aw
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David Gardner
Trustee
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14 June 2025

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Walton Firs Foundation

Independent Examiner's Report To The Trustees Of Walton Firs Foundation

| report to the trustees on my examination of the financial statements of Walton Firs Foundation (the charity) for the year ended 31 January 2025.

Responsibilities 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 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, | report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)({b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. | confirm that | am qualified to undertake the examination because | am a member of ACCA, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the

examination giving me cause to believe that in any material respect:

| have no concerns 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 understanding of the financial statements to be reached.

Colin Hamilton FCCA

Ward Williams Chartered Accountants

Belgrave House 39-43 Monument Hill Weybridge Surrey KT13 8RN

Dated: .0..... eee

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Walton Firs Foundation

Statement Of Financial Position As at 31 January 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 14 1,851,470 1,780,814
Current assets
Stocks 15 3,130 6,412
Debtors 16 31,486 29,028
Cash at bank and in hand 258,688 252,453
293,304 287 893
Creditors: amounts falling due within
one year 17 (155,245) (160,464)
Net current assets 138,059 127,429
Total assets less current liabilities 1,989,529 1,908,243
Capital funds
Endowment funds - general 22 1,552,794 1,590,950
Income funds
Restricted funds 19 157,881 88,479
Unrestricted funds 20 278,854 228,814
1,989,529 1,908,243
The notes on pages 11 to 23 form part ofthese financial statements.
The company is entitled to the exemption from the audit requirement contained in section 477 of the CompaniesAct
2006, for the year ended 31 January 2025.
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.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
hese financial statements have been prepared in accordance with the provisions applicable to companies subject
he small companies regime.
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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 2025.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

hese financial statements have been prepared in accordance with the provisions applicable to companies subject he small companies regime.

Company registration number 05695208

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Walton Firs Foundation

Statement Of Cash Flows

For the year ended 31 January 2025

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|26|135,231|190,689| |Investing|activities| |Purchase|of|tangible|fixed|assets|(131,576)|(135,998)| |Investment|income|received|2,580|2,117| |Net|cash|used|in|investing|activities|(128,996)|(133,881)| |Net|cash|used|in|financing|activities|-|-| |Net|increase|in|cash|and|cash|equivalents|6,235|56,808| |Cash|and|cash|equivalents|at|beginning|of year|252,453|195,645| |Cash|and|cash|equivalents|at|end|of year|258,688|252,453| |The|notes|on|pages|11|to|23|form|part|of these|financial|statements.|

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Walton Firs Foundation

Notes To The Financial Statements

For the year ended 31 January 2025

1 Genera! information Walton Firs Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Dixcart House, Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE.

2 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 cost convention. The principal accounting policies adopted are set out below.

2.2 Going concern

The directors are of the view that continuing measures to monitor operating costs 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 the restricted 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.

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 e 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.

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Walton Firs Foundation

Notes To The Financial Statements (Continued)

For the year ended 31 January 2025

2 Accounting policies

(Continued)

Volunteers and donated services, goods and facilities

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 estimate 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.

Where 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. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised asa liability.

Other income

Income from telecommunications masts is accounted for on a receivable basis. Rent free periods and premiums are spread equally over the life of the lease.

Income from commercial trading activities is recognised as earned when the related goods and services are provided.

Investment income is recognised on a receivable basis.

2.5 Expenditure

Expenditure is recognised on an accruals basis asa liability 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:

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.

=42-

Walton Firs Foundation

Notes To The Financial Statements (Continued) For the year ended 31 January 2025

2 Accounting policies

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(Continued)
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2.6 Tangible fixed 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 2%-10% straight line Activity centre equipment 2.5%-20% straight line Fixtures and fittings 10%-20% straight line Computer equipment 33.3% straight 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 the asset, and is recognised in the statement of financial activities.

2.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to 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 to determine the extent of the impairment loss.

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 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 classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company 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 liabilities

Basic financial liabilities including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to 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.

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Walton Firs Foundation

Notes To The Financial Statements (Continued)

For the year ended 31 January 2025

2 Accounting policies

(Continued)

2.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity 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.

3 Critical accounting estimates 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 to 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 revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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Walton Firs Foundation

Notes To The Financial Statements (Continued)

For the year ended 31 January 2025

5 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Activity centre
Activity centre operating income 688,683 578,624
Income from othertrading activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Shop income 13,631 12,363
Telecommunications mast income 24,852 26,600
Other trading activities 38,483 38,963
Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interestreceivable 2,580 2,117
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Trading costs
Operatingcharityshops 11,477 9,199

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Walton Firs Foundation

Notes To The Financial Statements (Continued) For the year ended 31 January 2025

9 Expenditure on charitable activities

Activity Activity
centre centre
2025 2024
£ £
Direct costs
Staff costs 383,745 369,885
Depreciation and impairment 60,920 50,500
Activity centre operating costs 268,141 187,628
712,806 608,013
Share ofsupportand governance costs (see note 10)
Governance 47,408 65,796
760,214 673,809
Analysis by fund
Unrestricted funds 710,476 633,615
Restricted funds 11,582 4,429
Endowment funds 38,156 35,765
760,214 673,809

Activity centre operating costs include donated services of £21,111 (2024: £3,495).

10 Governance costs

Governance costs
2025 2024
£ £
IT and communications 218 1,028
Professional fees 44,840 62,518
Independent examiner'sfees 2,350 2,250
47,408 65,796
Analysed between
Charitableactivities 47,408 65,796

Governance costs include donated services of £43,672 (2024: £64,046).

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

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Walton Firs Foundation

Notes To The Financial Statements (Continued)

For the year ended 31 January 2025

12 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Activity centre 15 19
Administration 5 5
Total 20 24
Employment costs 2025 2024
£ £
Wages and salaries 354,674 341,923
Social security costs 23,208 21,784
Other pension costs 5,863 6,178
383,745 369,885

There were no employees whose annual remuneration was more than £60,000.

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Tangible fixed assets

Tangible fixed assets
Land and Activity Fixtures and Computer Total
buidlings centre fittings equipment
equipment
£ £ £ £ £
Cost
At 1 February 2024 1,800,493 224,861 99,677 7,412 2,132,443
Additions 97,144 - 34,432 - 131,576
At 31 January 2025 1,897,637 224,861 134,109 7,412 2,264,019
Depreciation and impairment
At 1 February 2024 189,532 92,960 63,485 5,652 351,629
Depreciation charged in the year 38,262 12,897 8,831 930 60,920
At 31 January 2025 227,794 105,857 72,316 6,582 412,549
Carrying amount
At 31 January 2025 1,669,843 419,004 61,793 830 1,851,470
At31January2024 1,610,961 131,901 36,192 1,760 1,780,814

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Walton Firs Foundation

Notes To The Financial Statements (Continued) For the year ended 31 January 2025

14 Tangible fixed assets (Continued)
The carrying value of land included in land and buildings comprises:
2025 2024
£ £
Freehold 800,000 800,000
15 Stocks
2025 2024
£ £
Finished goods and goods for resale 3,130 6,412
16 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 17,697 17,345
Other debtors 2,253 3,144
Prepayments and accrued income 11,536 8,539
31,486 29,028
17 Creditors: amounts falling due within one year
2025 2024
£ £
Other taxation and social security 13,595 15,561
Trade creditors 16,008 4,658
Other creditors - 16,781
Accruals and deferred income 125,642 123,464
155,245 160,464
18 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Chargetoprofitorlossinrespectofdefinedcontributionschemes 5,863 6,178

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

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Walton Firs Foundation

Notes To The Financial Statements (Continued) For the year ended 31 January 2025

19 Restricted funds

The restricted funds of the charity comprise the 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 Incoming Resources Transfers At 31 January Transfers At 31 January
2024 resources expended 2025
£ £ £ £ £
Activity Centre Equipment 6,526 - (781) - 5,745
Telecoms Building 69,115 - (7,102) 3,679 65,692
Wilman Lodge 12,838 9,210 - 18,770 40,818
Roadway & Fencing - 45,000 (3,699) 4,325 45,626
88,479 54,210 (11,582) 26,774 157,881
Previous year: At 1 February Incoming Resources Transfers At 31 January
2023 resources expended 2024
£ £ £ £ £
Activity Centre Equipment 10,541 - (953) (3,062) 6,526
Telecoms Building 15,166 - (3,476) 57,425 69,115
Wilman Lodge 1,397 6,649 - 4,792 12,838
Aeroball 2,235 - - (2,235) -
29,339 6,649 (4,429) 56,920 88,479

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 to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 February Incoming Resources Transfers At 31 January
2024 resources expended 2025
£ £ £ £ £
General funds 228,814 798,767 (721,953) (26,774) 278,854
Previous year: At 1 February Incoming Resources Transfers At 31 January
2023 resources expended 2024
£ £ £ £ £
Generalfunds 213,156 752,874 (642,814) (94,402) 228,814

Walton Firs Foundation

Notes To The Financial Statements (Continued)

For the year ended 31 January 2025

21 ~ Analysis of net assets between funds

Unrestricted Restricted Endowment Total
funds funds funds
2025 2025 2025 2025
£ £ £ £
At 31 January 2025:
Tangible assets 140,795 157,881 1,552,794 1,851,470
Current assets/(liabilities) 138,059 - - 138,059
278,854 157,881 1,552,794 1,989,529
Unrestricted Restricted Endowment Total
funds funds funds
2024 2024 2024 2024
£ £ £ £
At 31 January 2024:
Tangible assets 101,385 88,479 1,590,950 1,780,814
Current assets/(liabilities) 127,429 - - 127,429
228,814 88,479 1,590,950 4,908,243

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Walton Firs Foundation

Notes To The Financial Statements (Continued) For the year ended 31 January 2025

23 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025 2024
£ £
Within one year 16,761 4,450
Between two and five years 61,250 8,900
In over five years 201,523 -
279,534 13,350

24 _ ~=~¥Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

25 ~=Analysis of changes in net funds

The charity had no material debt during the year.

26 Cash generated from operations 2025 2024
£ £
Surplus forthe year 81,286 101,515
Adjustments for:
Investment income recognised in statement of financial activities (2,580) (2,117)
Depreciation and impairment oftangible fixed assets 60,920 50,500
Movements in working capital:
Decrease/(increase) in stocks 3,282 (4,389)
(Increase)/decrease in debtors (2,458) 15,679
(Decrease)/increase in creditors (5,219) 29,501
Cashgeneratedfromoperations 135,231 190,689

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