WALTON COMMUNITY &
ENTERPRISE PARTNERSHIP
ANNUAL REPORT &
FINANCIAL STATEMENTS FOR THE
ST
YEAR ENDED 31 DECEMBER 2023
Company Number: 07071909
Charity Number: 1141033

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
CONTENTS
Page
Trustees. Annual Report
Statement of Trustees, Responsibilities
Independent Examlner's Report
statement of Flnanclal Actlvltles
Balance Sheet
Noles to the Financlal Statements
10

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023
The trustees are pleased to present thelr annual report for the year ended 31st December
2023.
The flnancial 8t8tem6nt8 have been prepared In accordance wlth the Charltle$ Act 2011,
Companies Act 2006, Accounting and Reporting by Charitles,, Stalemenl of Recommended
Practlc& applicable to Gharities preparlng their accounts in accordance with the FinanGlal
Reportlng Standard appllcable In the UK and Republic of Ireland (FRS1021 effeotlve from 1st
January 2019.
OBJECTIVES AND ACTIVITIES
Walton Community & Enterprise Partnership (Cornerstone) is a Communlty Enterprise Cenlre.
Its alm Is to aid community.cohe$lon by providing flexible, affordable space for local community
and enterprise activities.
Cornerstone's objects are speclfically restrlcled to the followlng:
The advancement of education
The rellef of poverty
The relief of unemployment
To promote for the benefil of the inhabltants of Walton and the surrounding area the
provision of facS1itles for recreation or other le18ure tlme occupation of Indlvlduals who
havo need of such fa¢llltles by reason of their youth, age, infirmity or disablement,
flnanclal hardshlp or social and economlc clrcumstances or for the public at large in the
interests of social welfare and with the object of Improvlng the condltion of life of the
said Inhabitants.
ACHIEVEMENTS AND PERFORMANCE
In the years slnGe il opened, we've been home to more than 55 businesses who have
employed more than 200 people over the time and that'8 not Sncludlng the numeroug groups
using the centre.
Prior to the organisation belng establlshed a consultation and feaslblllty study was conducted
which looked at the posslb5e uses of the bulldlng based on a soclal and economlc profile of the
areas 8nd a gap of analysis. The study led to the establishment of the Communlty Enterprise
Cenlre.
Subsequent to Its eslabllshment, Cornerstone evaluated ils early work and conducted a survey
of centre users. and asked what needs they had and what gaps In facilitieslactlvilies there
were in the area and what they would like to see. The following was Identlfied:
There was a lack of affordable, flexlble acconimodation in the ar8a for fledgllng
communily businesses, soclal enterprises, sole Iraders and small businesses,
There was a lack of communlly development, community involvemerbt and capaGIty
building in the area.
The buildlng has now achleved full oGGupancy In Its avallable t8nancles.
Cornerslone was speclflcally @slablished as a vehicle for Increasing social coheaion and levels
of enterprise activity in the Walton area. By doing so it is helplng lo strengthen the loGal
communlty by supporllng and facilltatlng enterprlse and self-8fflcacy by empowèrlng the
Gommunity to find a solution to Gommon problems, In particular the problems of lack of
employmenl and social Isolat10n.

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
TRUSTEES. REPORT FOR THE YEAR ENDED 31 ST DECEMBER 2023
Cornerstone gives people from the local communlty the opportunlty to Inltlate activities and
projects of beneflt to local people as well as developlng new seNices and enterprises. The
local community wlll algo be made stronger by the creatlon of a hub of inter-connected and
symblotlcally networked communlty groupg, soclally drlven buslness, locally derlved prlval6
businesses and community service providers.
A history of the site and the current premises
The ¢urrenl buildlng is the fourth $Ghool bullt by Walton Church, the flrst dallng from the early
1600,8. It opened in 1897 and was the Junior department of the Walton St Mary Church of
England PrSmary School. The infant department relo¢atÈd to the same site in the 1990's and in
2009 Walton St Mary and Arnol St School lolned together on the Arnot slle to become Arnot Sl
Mary Church of England School.
The present building was then handed over to Walton Communlty & Enterprise Partnership
and renamed "Walton Cornerstone" The previous school was built In Heathcote Road In 1847.
Thls school consisted of two rooms and accommodated 15 girls and 130 infants. The cost of
the project was £1,080. The cost for attend￿ng the school at this tlme was 2d per week per
child and I d. for each additional child from the same famlly.
By 1870 there had been and expanslon of houslng In the area and the school was unable to
accommodate the needs of the district and a further schoolroom was built facing the school in
HeathGOte Road. Walton National School opened in Bedford Road In 1895, paid for by the
parishioners and was bullt on land given by the Rectors of Walton and West Derby and by
Madam8 de Falbi and the Truste&s of the Walton Glebe Estate, The school changed It9 name
to Walton St Mary Church of England School and finally closed its door8 In July 2009 when the
bulldlng was18as8d to Wallon Community & Enterprlse Partnershlp.
Summary of the main activlties in relation lo these objects
As noted, the prlmary objective of Cornerstone 18 to provlde affordable space for local
communlty and enterprise actlvity. Slnce occupylng the building in 2009, it has let most of the
available offlce spaGe and Cornerstone Is dellghted to have been the flrst 'stepplng stone. for
many successful business ventures who have moved on to theSr own office and shop space.
Durlng 2020 the Trustees agreed to upgrade the Adminlstrator to th6 role of Cenlre Manager In
recognition of the addilional responslbllities that were occurring,
Cornerstone holds a Foodbank once a week, 11 has hosted open days, debt help sessions,
residents meetings, and police and councll suigerles, The aim is lo provide these sessions as
well as start-up sessions for new business enterprises In the future rather than merely offer the
space for others to do so.
Since Incorporation Walton Communlty & Enterprise Partnèrshlp has soen a number of
successes amongst ils tenants wlth rnany moving to bigger premlses wlthin the centre and
others moving on due to the successful growth of thelr buslnesses.
FINANCIAL REVIEW
Total income in the year was £73,078 (2022: £72,326).
Total expendllure in the year was £63,858 (2022.. £76,662). leavlng a surplus for the year of
£9,220 {2022., deflcS1 £4,336)

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
TRUSTEES, REPORT FOR THE YEAR ENDED 31 ST DECEMBER 2023
At 31sI December 2022 the charity's Teserves stood at £30,596 (2022: £21,376).
All inGome, expenditure and reserves are unrestricted
RISK MANAGEMENT
The trustees have conducted their revlew of major risks to which the charity Is exposed and
systems have been established to mitigate those risks. These reviews ar8 conduGt&d on a
contlnulng basls,
RESERVES POLICY
It is the policy Oi
the charitable Gompany to maintain unrestriGted funds, whlch are free
reserves at a level to cover redundancy provision and three rronths, running Gosts should no
furlher fundlng be received.
At the end of the financial year, unrestrlcted funds lotalled £30,596, The charltable company
requlres £2,125 for redundancy provision and £15,965 for three months. running Gosts, (total
£18,090}.
PLANS FOR THE FUTURE
Our refurbishment programme inGludes',
Updallng the old School tollets wlth new units suitable for adults.
Purchasing of land currently ownad by Liverpool Clty Council.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The organlsation Is a charllable company limited by guarantee, incorporated on 10th
November 2009 (company number 07071909) and reglslered as a Gharity Icharily numbèr
1141033) on 1 sl April 2011.
The Governing Inslrun)ents under which the charitable company operates ¢omprise of the
Memorandum and Articles of Associatlon dated 3rd November 200g
The Management Commlttee Gomprises of two members and trustees and a Company
Secretary from a cros8 section of backgroundg, experlences and skllls
Under Article 8.3, to quallfy as a member a per80n must be elther the Rector or a
Churchwarden of St Mary's ChurGh Walton. Trustees ¢onslst of a mlnlmum of three to a
maximum of 12. 9 shall be nominated arbd a maxlmum of 3 trusleeg may be co-opted,
Nomlnated Trustees shall be nomlnated by th& Rector and Churchwarden9 for the tlmè being
of St Mary's Walton (who shall deterniine such nomlnations by a majority vote), and shall
remain In offlce for so long as the Rector and Chur¢hwardens shall determine, biit in any event
no longer than 3 years.

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Name
Walton Community & Enterprise Partnershlp
07071909
Company Number
Charlty Number
Registered Office
1141033
Walton Cornerstone
2 Liston Street
Walton
Llverpool
Merseyslde
L4 5RT
Trustees
Valerie Cumine
Rev Lynn Davldson
Rita Lacey
Rev Trevor Latham
Terence John May
Brenda Netlleton
John K, Taylor
(Appointed 20th February 2024)
(Resigned 201h FeLiruary 2024)
(Resigned 1 olh July 2023)
Company Secretary
Brenda Nettleton
Independent Examiner
Ying Huang FCCA
o LCVS
151 Dale Streat,
Llverpool,
L2 2AH
Bankers
TSB
PO Box 373
Leeds
LS14 9GQ
Signed on behalf of the Board of Trustees
Brenda Nettleton, Trustee
Date.. Ul . S.

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Company law requires the trustees to prepare financial statements for each financial year
which glve a true and falr view of the slate of affalrs of the charitable company as at the
balance sheet date and of Its incomlng resourcès and appllc8tlon of resources, includlng
inGome and expenditure. for the finanGial year. In preparing those financial statements, the
trustees should follow best practlce and..
selecl sultable a¢countlng policies and Ihen apply them consistently.,
ObSe￿e the methods and prlnclple In the Charities SORP.
make judgements and estimates that are reasonable and prudent.,
prepare the fSnanclal statements on the going concern basis unless it is Inappropriate to
presume that the Gompany will continue as a golng concern,,
state whether applicable accounting standards have been followed, subject to any
materlal departure disclosed and explaln8d In the finan¢lal statements.
The Trustees are responsible for malntalnlng proper accountlng records which dlsclose
with reasonable accuracy at any time the finanGial position of thè charitable company and
to enablè them to ensure that the finanolal statements comply with the Companies AGt
2006. They are also responslble for safeguardlng the assets of the charltablÈ company
and hence for laking reasonable steps for the prevention and detection of fraud and other
Irregularities.
Th18 raport has been prepared In accordance wlth the Charltl88 Act 2011, Companle8 A
2006, AcGountlng and Reportlng by Charlties, Statement of Recommended Practice (Sorp
2019) appllcable to charltles preparlng th@Ir accounts In accordance with the Flnancial
Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS1021 effective from
1st January 2019,
By the Order of the board,
Lg
B Nettleton
Company Secretary
2 Llston Street
Walton
Liverpool
Merseyslde
L4 5RT

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
I report on the accounts of the charitable company for the year
ended 31st December 2023, which are set out on pages 8 to 15,
The trustees {who are also the directors of the company for Ihe
purposes of Gompany law) are responsible for the preparation of
the accDunts, The trustees consider that an audlt Is not requii'ed
for this year under section 144(2) of the Charities Aot 2011 {the
2011 Act) and that an Ind8pendent examlnatlon Is needed.
It is my responsibility to:
èxamlne the Sccounts under sectlon 145 of the 2011 Act,
to follow the procedures lald down in the general Directions
given by the Charity Commlssion (under sectlon 145(5llb) of
the 2011 Act, and
to state whethar particular mallers have come to my
attention.
Res
ective
res
onsibijities of
trustees and examiner
Basis of inde
endent
examinerfs statement
My examination was carried out In accordance with general
Directlons glven by the Charity Commission. An examlnatSon
includes a review of the accounting records kept by the charity and
a comparlson of the accounts presented wlth those records. It
al80 Includes Consideration of any unusual Items or disclosures In
the accoLFnts, and seeking explanations from the trustees
concernlng any Such matter8, The procedures undertaken do not
provide all the evidenGe that would be required in an audit, and
consequently no oplnlon is given as to whether the accounts
present a 'true and falr. vlew and the report 18 Ilmlted to those
matters sel out In the slalement below.
Inde
endent examiner's
statement
In Gonnectlon with my examination, no matter has come to my
attention:
(1) which gives me reasonable Cause to believe that in, any
materlal respect, the requireni8nts',
to ke6p accountlng records In accordance with seclion
386 of the Compani@s Act 2006. and
to prepare accounts which accord with the accounting
records and comply wlth the accounting requirenient8 of
section 396 of Ihe Companles Act 2006 and with the
melhods and principles of the Statement of
Recommended PraGtl¢È: Accounting and Reporting
Charities
have not been met; or
(2} to whlGh, In my oplnion, attention should be drawn in order
to enable a proper understandlng of the a¢¢ounls to be
reached.
Name:
Mrs Ying Huang
Relevant professlonal qualification or body: FCCA
Address; clo LCVS 151, Dale Street, Liverpool, L2 2AH
Dated:

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES (INGLUDING INCOME & EXPENDITURE
ACCOUNT) FOR THE YEAR ENDED 31 STDECEMBER 2023
Notes Unrestricted Restrlcted
Funds
Funds
2023
2023
Total
Funds
2023
Totsl
Funds
2022
Income and endowments
from:
Donations and Legacies
Charltable activities
Investments
1,000
71,927
151
1,000
71,927
151
3b
72,283
63
Total Income
73,078
73,078
72,326
ExpendlturÈ on:
Charltable actlvltles
63,858
63,858
76,662
Total èxpenditure
63,858
63,858
76,662
Net Incomel{expendlture) net
movement In funds
9,220
9,220
{4,336)
Total funds brought forward
9,10
21,376
21,376
25,712
Total funds carried forward
8-10
30,596
30,596
21,376
The notes on pages 10 to 15 form part of these accounts.
All the above amounts relate to contlnulng aGtlvilies of the charitable company.

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP Company Number: 07071909
BALANCE SHEET AS AT 31 ST DECEMBER 2023
Notes
31st December 2023
31st December 2022
Fixed assets
Tangible fixed assets
Current assets
Debtors
Cash at bank and in hand
4,850
27,652
274
22,697
32,502
22,971
Current liabilities
Creditors: amounts falling
due wlthln one year
(1,906)
(1,595)
Net current assets
30,596
21,376
Total assets less current
liabilltie5
30,596
21,376
Funds:
Unreslri¢ted funds
RestrlGted funds
30,596
21,376
10
30,596
21,376
These financial statements have been prepared in accordance wlth the Flnancial
Reportlng Standard applicable in the UK and Republlc of Ireland (FRS102).
These accounts have been prepared in accordance wilh the provisions applicable to small
companles subleGt to the small companies, reglme and in accordan￿ wlth FRS102
SORP,
For th& period covered by these accounts the company was entltl8d to exemptlon under
section 477 of the Companies Act 2006 relating to small companle8,
No membÈrs have required the company to obtain an audit of Its accounts for the year in
question in accordanc8 wlth sectlon 476 of the Companles Act 2006.
The trustees, who are the dlrectors of the Company, acknowledge thelr responslbility for
omplyin9 Wlth the requirements of the Act with respect to accountlng records and the
preparation of financlal statements.
Signed on behalf of the Board on . .2.1,
Brenda Nettleton, Trustee

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER 2023
1. Limiled Liability
The charlty Is a company limlted by guarantee. Each member's liability is limited to £1.
2. Accounting Policies
Basls of accountlng
The financial statements have been prepared In accordance wlth the Statement of
Recommended Practice.. Accounting and Reporting by Charitles preparing their accounts
in accordance wlth the Flnancial Reporting Standard applicable in the UK and Republlc of
Ireland (FRS102) eff8Ctlve from 1st January 2019 and Charities Act 2011 and the
Companies Act 2006,
The accounts have been prepared under the hlstorlcal cost conventlon wlth Items
recognised at cost or transaGlion value unless othenmise slated in the relevant nole(s) to
Ihe8e accounts.
The accounts are prepared In sterling, which is the functional Gurrency of the charity.
Monetary aniounts in these flnanclal statements are roLinded to the nearest £.
The Charlty has taken adv8nlag8 of the provlsions In the SORP for Charitlos applying FRS
102 Update Bulletln 1 not to prepare a Statement of Cash Flows.
Going concern
The Charltable Company has been slgnlflcantly impacted financlally by Covid-19, due to
the loss of income bul has agreed to apply unrestriGted funds to supporl Its activllies. The
Trustees therefore have a reasonable expectation that Ihe Charllable Company has
adequate resources to contlnue operatlonal exl8tence for the foreseeable future and
have adopt&d the going Goncern basis of accounting in preparlng the accounts.
Fund accounting
Unrestricted funds are the charity's free re8erves avallable for the trustees to apply In
aGcordance with the charitable wmpany's charitable objectlves.
Restricted funds are subject to specific reslrictive Condilions imposed by the donor, All
restricted funds are accounted for as restrfGted Income and expendllur6 for the purposes Is
charged to the fund,
Flxed assets
Capital 8xpendlture of £1,000 and above Is treated as a flxed asset and depreclated over
Its useful life.
At Iruste&s' discretlon, expenditure on Items in relation to lrnprovements to leasehold
buildings have not been trÈaled as fixed assets and are dealt wilh in the Stalemenl of
Flnancial Acllvltles when payment has been made.
No value has been placed in the accounts on gifted assets or volunteer labour provided in
improving its facilities.
Income recognition
All income Is recognised onGe the charity has entlllement to the income, there Is sufficlent
certainty of receipt and so11 Is probable that the Income will be recelved. and the amount
of income receivable can be measured rellably.
io

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER 2023
Donations and legacles comprise of donations and general grants which are recognised in
the accounts when re￿ived, with the exception of known legacies which are accounted for
when thelr recelpt18 certaln.
Income from Gharitablg aclivitles Is r8¢ognlsed on an accruals bas18 except for grant8
receivable, which are recognlsed on the date on which their unconditional payment is
onfirmed by th8 donor.
Income from investm8nt relates to bank Intere8t retslved and is recognlsed when th8
amount is certain.
Expenditure recognition
Liabilities are recognised as soon as there Is a legal or constructive obllgatlon committing
the charllab18 company to that expendllure, It Is probab18 that settlement will be requlred
and Ihe amount of the obligatlon can be measured rellably.
All expenditur8 is accounted for on an accruals basls. All expenses, includlng support
costs and governance costs, are allocated or apportioned to the applicable expenditure
headings In the Statement of Financial Activlties. Support and govèrnance costs are
appllgd to unrestrlcted funds unless specifically Included In the r6striction8, ag speclfled by
the donor.
Expenditure on charitable aGlivitles relate to the operation of the charity comprising of
dlrect charltable expenditure to meet the objectives of the charitable company. Support
and governance costs relate to the management and operatlon of the organlsation and
also compliance wlth constitullonal and statutory requirements In producing the annual
r&port. The86 are dealt wlth In the Statement of Financlal AGtlvilles when paymant has
been approved by the ¢haritable company.
Cash and cash equivalents
Cash and cash equlvalenls include cash in hand, deposits held at Gall wlth banks, other
short-term Ilquld Investments wSlh orlglnal maturities of three months or less, and bank
overdrafts.
Flnanclal Instruments
The charlty has elected to apply the provislons of Secllon 11 'Basic FlnanGlal Instruments.
and Section 12 '0ther Flnancial Instruments Issues, of FRS 102 to all of its flnancial
Instruments.
Flnancial instruments are recognised In the charlty's balance sheet when the charlly
beGomes party to the contractual provSslons of the instrument.
Flnancial assets and Ilabilitles are offset, with the net amounts presented in the finanGial
slalements, when there Is a legally enforceable rlght to set off the recognised amounts and
there Is an Intentlon to settle on a net basis or to realise the asset and settle the liability
slmultan8ously.
Baslc financial assets
Baslc financial assets, which include debtors and cash and bank balances, are initially
measured at transaction prl¢e includlng transaction costs and are subsequently carried at
amortlsed cost using the effectiv8 Interest method unless the arrangement constitutes a
financing transaction, where the transactlon is measured at Ihe present value of Ihe future
recelpts dlscounted at a market rate of interest. Flnanclal assets classifled as re¢8ivable
within one year are not amortlsed.
li

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ST
Basic financial liabilities
Basic financial liabilities, including credltors and bank loans are initially recognised al
transactlon price unless thè arrangement constltuteg a financlng ti-ansaction, where the
debt Instrument Is meagured at the present value of the future recelpts d18counted at a
market rate of interest. Flnanclal Ilabilities classified as payable within one year are not
amort18ed.
Debt Instruments are subsequently carrled at amortlsed cost, uslng the effective Interest
rate method,
Derecognition of flnancial liabilities
Financial Ilabilities are dereccgnised when the charity's contractual obligations e.xpire or
are dlscharggd or can￿lled.
Taxation
Income and galn$ are exempt from taxatlon as they are received and applied for charitable
purposes only. The charitable company benefits from various exemption5 from taxation
afforded by tax legislation and are not Ilable to corporation lax on income or gains falling
within those exemptlons.
Critlcal ac¢ountlng estlmates and judgements
In the appllcatlon of tho charity's accounting policle8, the trustees are required to make
ludgements, estimates and assumptions about the carrying amount of assets and liabililies
that are not readily apparenl from other sources. The estlmates and assoclated
assumptions are based on historical experience and othÈr factors that are considered to
be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-golng basis. Revisions
to acGounting estimates are reGognised In the perlod in which the estimate is revised
where the revSsion aff6Cts only that period, or In the period of the revision and future
perlods where the revlslon 8ff8cts both currenl and future perlods.
3. InGome and endowments from:
U nrestrlcted Restricted
Funds
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
a. Donations and Legacies:
Donations
1,000
1,000
Income from donatlons and legacies in 2022 was Nil.
b. Charltable activities..
Hall hlre
Rental Income
165
71,762
165
71,762
390
71,873
71,927
71,927
72,263
Income from charilable actlvltles in 2022 related wholly to unreslrlcted funds.

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
Unrestricted Restricted
Funds
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
c. Investments:
Bank Inler8st
151
151
63
Income from Investments In 2022 related wholly to unrestricted funds.
4. Expenditure on charitable activities
Direct Support &
Charitable Governance
Expenditure
GostS
Total
2023
Total
2022
To provlde facllltles for recreatlon and
leisure lime
60,333
3,525
63,858
76,662
a. Analysed as follows:
2023
2022
Direct charitable expenditure."
Staff 8alary costs
Running costs
Insurance
Security and alarm costs
14,733
38,197
5,868
1,535
19,710
46,520
5,600
877
60,333
72,707
Support & Govern8nGe costs..
Office costs
Bank Gharges
Gifts
PholoGopier Lease
Company filing fee
Bad Debts
Sundry expendilure
Payroll faes
Accounlancy fees
880
146
250
974
13
101
162
600
974
13
815
98
357
835
6g
373
820
3,525
3,955
Total expenditure on charitable
activities
63,858
76,662
£nll (2022.. £nill of the above expenditure relales to restricted fundlng.
13

WALTON COMMUNITY& ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315Y DECEMBER 2023
b. Staff Costs
2023
2022
Gross salaries
14,733
19,710
c. PartlcLilars of employegs..
The average number of employees during the year was as follows..
2023
2022
Charltable acllvlly
No employee recelved emoluments of more than £60,000 durfng tho year.
ThÈ Trustees ar@ nDt remunerated for their services and are not included in the above
number of employees.
5. Tanglble fixed assets
There are no tanglble flxed assets acqulred during the year or held as at 31st December
202312022: none),
6. Debtors
2023
2022
Debtors and prepayments
4,850
274
7. Credltors: amounts falling due wlthin one year
2023
2022
Accruals
Other creditors
1,296
610
835
760
1,906
1,595
8. Analysis of net assets between funds
2023
Tangible Net Current
Fixed
Assets
Assets
Total
Unrestrlcted Funds
General Fund
30,596
30,596
2022
Tangible Net Current
Fixed
Assets
Assets
Total
Unrestricted Funds
General Fund
21,376
21,376
14

WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315T DECEMBER 2023
9. Unrestricted Funds
Movements in the Year
2023
Reserves
at Beginning
of year
Income Expenditure
Reserves
at End
Of Year
General Fund
21,376
73,078
{63.858}
30,596
Move
ents In t
ear
2022
Reserves
at Beginning
of year
Income Expenditure
Reserves
at End
of Year
General Fund
25,712
72,326
(76,6621
21,376
General Fund Is used to flnance the Gharltable company's general actSvllles as outlined in
Ihe Trustees, Report
10. Restrlcted Funds
There were no re8trlcted funds recelved or expended durlng the year or held as at 3181
DeGember 2023. (2022: £nll)
11,Lease Commitments
Financial commitments under non-cancellable operating16ases relatlng to a photocopler
lease, thls wlll result Sn the following payments falling due at 31 sl December 2023.
2023
2022
Photocopier
operating leases which explre:
Due within one year
974
2,127
974
2,127
12. Related Party Transactions
There were no material related party transactlons during the year which require disclosure
(2022.. none),
13,Guarantees
As at 31st December 2023, 7 members had glven a gtjarantee of £1 Èach in the event of
the company windlng-up. Total,. £712022: 8 members £8).