DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY &
ENTERPRISE PARTNERSHIP
ANNUAL REPORT &
FINANCIAL STATEMENTS FOR THE
ST
YEAR ENDED 31 DECEMBER 2025
Company Number: 07071909
Charity Number: 1141033

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
CONTENTS
Page
Trustees, Annual Report
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025
The trustees are pleased to present their annual report for the year ended 31st December
2025.
The financial statements have been prepared in accordance with the Charities Act 2011,
Companies Act 2006, Accounting and Reporting by Charities., Statement of Recommended
PraGtlce applicable to charities preparing tfieii oibGuuiilb li I rJLLUI ijcti ILe witli tlie FiiianGial
Reporting Standard appliGable in the UK and Republic of Ireland {FRS1021 effective from 1,
January 2019.
OBJECTIVES AND ACTIVITIES
Walton Community & EnterPrI￿e Partner
-hip (Corner2tone} is a Community Entgrpris8 Centre.
Its aim is to aid community cohesion by providing flexible, affordable space for IoGal Gommunity
and enterprise activities.
Cornerstone's objects are specifically restriGted to the following:
The advancement of education
The relief of poverty
The relief of unemployment
To promote for the benefit of the inhabitants of Walton and the surrounding area the
provision of facilities for recreation or other leisure time OGcupation of individuals who
have need of such facilities by reason of their youth, age, infirmity or disablement,
financial hardship or social and economic circumstances or for the public at large in the
interests of SOGial welfare and with the object of improving the condition of life of the
said inhabitants.
ACHIEVEMENTS AND PERFORMANCE
In the years since it opened, we've been home to more than 55 businesses who have
employed more than 200 people over the time and that's not including the numerous groups
using the centre.
Prior to the organisation being established a consultation and feasibility study was conducted
which looked at the possible uses of the building based on a SOGial and economic profile of the
areas and a gap of analysis. The study led to the establishment of the Community Enterprise
Centre.
Subsequent to its establishment, Cornerstone evaluated its early work and conducted a survey
of centre users-, and asked what needs they had and what gaps in facilitieslactivities there
were in the area and what they would like to see. The following was identified:
There was a lack of affordable, flexible aGGommodation in the area for fledgling
community businesses, social enterprises, sole traders and small businesses.
There was a lack of community development, community involvement and capacity
building in the area.
The building has now achieved full occupancy in its available tenancies.
Cornerstone was specifically established as a vehicle for increasing social cohesion and levels
of enterprise activity in the Walton area. By doing so it is helping to strengthen the local
community by supporting and facilitating enterprise and self-efficacy by empowering the
Gommunity to find a solution to common problems, in particular the problems of lack of
employment and social isolation.

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025
Cornerstone gives people from the local Gommunity the opportunity to initiate activities and
projects of benefit to local people as well as developing new services and enterprises. The
local Gommunity will also be made stronger by the creation of a hub of inter-connected and
symbiotically networked community groups, socially driven business, locally derived private
hiisin9.qsg.q And ftnmmi Inity 89.rvio.p. prnvirlp.rq.
A history of the site and the current premises
The current building is the fourth school built by Walton Church, the first dating from the early
1600's. It opened in 1897 and was the junior department of the Walton St Mary Church of
England Primary School. The infant department relocated to the same site in the 1990's and in
2009 Walton St Mary and Arnot St School lolned together on the Arnot slte to become Arnot St
Mary Church of England School.
The present building was then handed over to Walton Community & Enterprise Partnership
and renamed "Walton Cornerstone" The previous school was built in Heathcote Road in 1847.
This school Gonsisted of two rooms and accommodated 15 girls and 130 infants. The cost of
the project was £1,080. The cos( for atlending the school at this tiTne was 2d per week per
child and 1d' for each additional child from the same family.
By 1870 there had been and expansion of housing 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
Heathcote Road. Walton National School opened in Bedford Road in 1895, paid for by the
parishioners and was built on land given by the Rectors of Walton and West Derby and by
Madame de Falbi and the Trustees of the Walton Glebe Estate. The school changed its name
to Walton St Mary Church of England School and finally closed its doors in July 2009 when the
building was leased to Walton Community & Enterprise Partnership.
Summary of the main activities in relation to these objects
As noted, the primary objective of Cornerstone is to provide affordable space for local
community and enterprise activity. Since occupying the building in 2009, it has let most of the
available Offi￿ space and Cornerstone is delighted to have been the first 'stepping stone, for
many successful business ventures who have moved on to their own office and shop space.
During 2020 the Trustees agreed to upgrade the Administrator to the role of Centre Manaqer in
recognition of the additional responsibilities that were occurring.
Cornerstone holds a Foodbank once a week, it has hosted open days, debt help sessions,
residents meetings, and police and council surgeries. The aim is to provide these sessions as
well as start-up sessions for new business enteiprises in the future rather than merely offer the
space for others to do so.
Since incorporation Walton Community & Enterprise Partnership has seen a number of
successes amongsl its tenants with many moving to bigger premises within the cenlre and
others moving on due to the successful growth of their businesses.
FINANCIAL REVIEW
Total income in the year was £75,682 (2024.. £80,369).
Total expenditure in the year was £71,113 (2024.. £91,631), leaving a surplus for the year of
£4,569 (2024.. deficit £11,262)
At 31st DeGember 2025 the charity's reserves slood at £23,903 (2024: £19,334).
All income, expenditure and reserves are unrestricted

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
TRUSTEES, REPORT FOR THE YEAR ENDED 31 ST DECEMBER 2025
RISK MANAGEMENT
The trustees have conducled their review of major iisks to which the charity is exposed, and
systems have been established to mitigate those risks. These reviews are conducted on a
Gontinuing basis.
RESERVES POLICY
It is the policy of the charitable company to maintain unrestricted funds, which are free
reserves at a level to cover redundancy provision and three months, running costs should no
further funding be received.
Ai Iliv Id uf Ilie fiiidiiuidl yecll", urii.esti iGled fur Idb lulcillvd £23,903. Tl ie Ll Icll iLdtJle Lulllvcll ly
requires £3,150 for redundanGy provision and £17,778 for three months, runr)ing costs, (total
£20,928).
PLANS FOR THE FUTURE
Our refurbishment programm8 includas:
Updating the old school toilets with new units suitable for adults.
Purchasing of land currently owned by Liverpool City Council.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee, incorporated on 10th
November 2009 (Gompany number 07071909) and registered as a Gharity (charity number
1141033) on 1stApril 2011.
The Governing Instruments under which the charitable Gompany operates comprise of the
Memorandum and Articles of Association dated 3rd November 2009
The Management Committee Gomprises of two members and trustees and a Company
Secretary from a cross section of backgrounds, experiences and skills
Under Article 8.3, to qualify as a member a person must be either the ReGtor or a
Churchwarden of St Mary's Church Walton. Trustees consist of a minimum of three to a
maximum of 12. 9 shall be nominated and a maximum of 3 trustees may be GO-OPted.
Nominated Trustees shall be nominated by the Rector and Churchwardens for the time being
of St Mary's Walton (who shall determine such nominations by a majority vote), and shall
remain in office for so long as the Rector and Churchwardens shall determine, but in any event
no longer than 3 years.

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Name
Walton Community & Enterprise Partnership
07071909
Company Number
Charity Number
Registered Office
1141033
Walton Cornerstone
2 Liston Street
Walton
Liverpool
Merseyside,
L4 5RT
Trustees
Susan Best
Rev Lynn Davidson
Brenda Nettleton
John K Taylor
Brenda Nettleton
(Appointed 18th August 2024}
(Resigned 22nd April 2026}
Company Secretary
Independent Examiner
Ying Huang FCCA
clo LCVS
151 Dale Street,
Liverpool,
L2 2AH
Bankers
TSB Bank PIC
PO Box 453
Mitcheldean
GL14 9LR
Signed on behalf of the Board of Trustees
Brenda Nettleton, Trustee
Date..

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Company law requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the charitable Gompany as at the
balance sheet date and of its incoming resources and application of resources, inGluding
IriGome and expenditure, for the financial year. In prepartng those financial statements, the
trusteeg shoLild follow bpst practice and..
select suitable accounting policies and then apply them consistently;
observe the methods and principle in the Charities SORP.,
make judgemenls and estimales that are reasonable and prudent.,
prepare the tinanGial statements on the going concern basis unless it is inappropriate to
presume that the company will continue as a going concern;
state whether applicable accounting standards have been followed, subject to any
material departure disclosed and explained in the financial statements.
The TrLigte@s arè responsible for maintaining proper accounting records which disclose
with reasonable aGGuracy at any time Ihe financial position of the charitable company and
to enable them to ensure that the financial statements comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the charitable company
and hence for taking reasonable steps for the prevention and deleGtion of fraud and other
irregularities.
This report has been prepared in accordance with the Charities Act 2011, Companies Act
2006, Accounting and Reporting by Charities. Statement of ReGommended PraGtiGe (Sorp
2019) appliGable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS102) effective from
1, January 2019.
By the Order of the board,
B Nettleton
Company Secretary
2 Liston Street
Walton
Liverpool
Merseyside
L4 5RT
Date:

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
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 2025, which are set out on pages 8 to 15.
The trustees (who are also the directors of the company for the
purposes of company law) are responsible for the preparation of
the accounts. The trustees consider that an audit is not required
for this year under section 144(2) of the Charities Act 2U11 (the
2011 Act) and thal an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act,
to follow the procedures laid down in the general DireGtions
given by the Charity Commission {under section 145(5)(b} of
the 2011 Act, and
to state whether particular matters have come to my
attention.
Res
ective
res
onsibilities of
trustees and examiner
Batsis of inde
endent
examiner's statement
My ¥XiAfTlllldlivii bi411i¥d vul iii citiLuidciiiLe witli yeiieidl
Directions given by the Charity Commission.
An examination
includes a review of the aGcounting records kept by the charity and
a comparison of the accounts presented with those records.
also includes consideration of any unusual items or disGlosures in
the accounts, and seeking explanations from the trustees
concerning any such matters. The procedures undertaken do not
provide all the evidenGe that would be required in an audit, and
consequently no opinion is given as to whether the accounts
present a 'true and fair, view and the report is limited to those
matters set out in the statement below.
Inde
endent examiners
statement
In connection with my examination, no matter has come to my
attention:
{1} whiGh gives me reasonable cause to believe that in, any
material respect, the requirements-
to keep accounting records in accordance with section
386 of the Companies Act 2006. and
to prepare aGcounts which accord with the accounting
records and comply with the accounting requirements of
section 396 of the Companies Act 2006 and with the
methods
and principles
of the
Statement
Recommended Practice: Accounting and Reporting
Charities
have not been met. or
(2) to which, in my opinion, attention should be drawn in order
to enable a proper understanding of the acGounts to be
reached.
by."
Name:
Mrs Ying Huang
Relevant professional qualification or body.. FCCA
Address.. clo LCVS 151, Dale Street, Liverpool, L2 2AH
Dated:
15 May 2026

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE
ACCOUNT) FOR THE YEAR ENDED 31 STDECEMBER 2025
Notes Unrestricted Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
Income and endowments
from:
Donations and Legacies
Charitable activities
Investments
500
75,030
152
500
75,030
152
3b
80,155
214
Totsl incom
75,682
75,682
80,369
Expenditure on:
Charitable activities
71,113
71,113
91,631
Total expenditure
71,113
71.113
91,631
Net incomel(expenditure) net
movement in funds
4,569
4,569
(11,262)
Total funds brought forward
9, 10
19,334
19,334
30,596
Total funds carried forward
8-10
23,903
23,903
19,334
The notes on pages 10 to 15 form part of these accounts.
All the above amounts relate to continuing activities of the charitable company.

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP Company Number.. 07071909
BALANCE SHEET AS AT 31ST DECEMBER 2025
Notes
315t December 2025
315t December 2024
Fixed assets
Tangible fixed assets
Current agsets
Debtors
Cash at bank and in hand
243
26,064
302
21,012
26,307
21,314
Current liabilities
Creditors: amounts falling
due within one year
(2,404)
{1,980)
Net current assets
23,903
19,334
Total assets less current
23,903
19,334
Funds:
Unrestricted funds
RestriGted funds
23,903
19,334
10
23,903
19,334
These financial statements have been prepared in accordance wilh the Financial
Reporting Standard applicable in the UK and RepubliG of Ireland {FRS102).
These accounts have been prepared in accordance with the provisions applicable to small
companies subject to the small companies, regime and in aGcordanGe with FRS102
SORP.
For tho period covored by the8e account8 the company wa8 entitlod to exgmption under
section 477 of the Companies Act 2006 relating to small companies.
No members have required the Gompany to obtain an audit of its accounts for the year in
question in accordance with section 476 of the Companies Act 2006.
The trustees, who are the directors of the Gompany, aGknowledge their responsibility for
complying with the requirements ot the Act with respect to accounting records and Ihe
preparation of financial statements.
Signed on behalf of the Board on
Brenda Nettleton, Trustee

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
Limited Liability
The charity is a company limited by guarantee. EaGh member's liability is limited to £1.
2. Accounting Policies
Basis of accounting
The financial statements have been prepared in accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS102) effective from 1st January 2019 and Charities AGt 2011 and the
Companles AGt 2006.
The accounts have been prepared under the historical Gost convention with items
recognised at Gosl or transaction value unless otheNise stated in the relevant note(s) to
these accounts.
The accounts are prepared irb Sterlinq, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
The Trustees therefore have a reasonable expectatSon that the Charitable Company has
adequate resources to continue in operational existence for the foreseeable future and
have adopted the going concern basis of accounting in preparing the accounts.
Fund accounting
UnrestriGted funds are the charity's free reserves available for the trustees to apply in
accordance with the charttable company's charitable objectives.
Restricted funds are subject to speGifiG restrictive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure for the purposes is
charged to the fund.
Fixgd assats
Capital expenditure of £1,000 and above is treated as a fixed asset and depreciated over
its useful life.
At trustees, discretion, expenditure on items in relation to improvements to leasehold
buildings have not been treated as fixed assets and are dealt wilh in the Statement of
FinanGial AGtivitie3 when payment has been made.
No value has been placed in the aGGounts on gifted assets or volunteer labour provided in
improving its facilities.
Income recognition
All income is recognised once the charity has entitlement to the inGome, there is sufficient
rtainty of receipt and so it is probable that the income will be reGeived, and the amount
of income receivable can be measured reliably.
Donations and legaGies comprise of donations and general grants which are recognised in
the accounts when received, with the exception of known legaGies which are accounted for
when theii reGeipt is certain.
io

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
InGome from charitable activities is reGognised on an accruals basis except for grants
receivable, which are recognised on the date on which their unconditional payment is
Gonfirmed by Ihe donor.
Income from investment relates to bank interest received and is recognised when the
amount is certain.
Expenditure recognition
Liabilities are recognised as soon as there is a legal or construGtive obligation committing
the charitable company to that expenditure, it is probable that settlement will be required
and Ihe amount of the obligation can be measured reliably.
All expenditure is accounted for on an aGGrual's basis. All expenses, including support
costs and governance costs, are allocated or apportioned to the applicable expenditure
headings in the Statement of Financial Activities. Support and governance costs are
applied to unrestricted funds unless specifically included in the restrictions, as specified by
the donor.
Expenditure on charitable activities relates to the operation of the charity comprising of
direct charitable expenditure to meet the objectives of the charitable company. Support
and governance costs relate to the management and operation of the organisation and
also compliance with constitutional and statutory requirements in producing the annual
report. These are dealt with in the Statement of Financial Activities when payment has
been approved by the charitable company.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
FlnanGlal instruments are reGognlsed In the Gharlty's balanGe sheet when the charlty
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
biiriulloarieuubly.
Basic financial assets
Basic finanGial assets, whiGh inGlude debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constilutes a
rinanGing transaction, where the transaGtion is measured at the present value of the fulure
reGeipts discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
Basic financial liabilities
Basic financial liabilities, including Greditors and bank loans are initially recognised at
transaGtion price unless the arrangement constitutes a financing transaction, where the
debt instrument is measured at the present value of the future receipts discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not
amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest
rate method.
Derecognition of financial liabilities
Financial liabilities are dereGognised when the charity's contractual obligations expire or
are discharged or cancelled.
Taxation
Income and gains are exempt from taxation as they are received and applied for charitable
purposes only. The charitable company benefits from various exemptions from taxation
afforded by tax legislation and are not liable to corporation tax on Income or galns falllng
within those exemptions.
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 eslimates.
The estimates and underlying assumptions are reviewed on an on-going 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.
3. Income and endowments from:
Unrestricted Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funas
2024
a. Donations and Legacies:
General Grants
500
500
b. Charitable activities:
Hall hire
Rental Income
5,030
70,000
5,030
70,000
9,280
70,875
75,030
75,030
80,155
Income from charitable activities for year end 2024 related wholly to unrestricted funds.
c. Investments:
Bank interest
152
152
214
12

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
Income from investments for year end 2024 related wholly to unrestricted funds.
4. Expenditure on charitable activities
Direct Support &
Gharltable Governance
Expenditure
Costs
Total
2025
Total
2024
To provide facilities for recreation and
leisure time
67,450
3,663
71,113
91,631
a. Analysed as follows..
2025
2024
Direct Gharifable expenditure."
Staff salary costs
RLinning c.osts
Insurance
Security and alarm Gosts
Volunteer Expenses
15,210
15,831
5,641
1,118
275
5,641
2,904
200
67,450
88,061
Support & Governance GOSts.'
Office costs
Bank charges
Gifts
Photocopier Lease
Company filing fee
Payroll fees
AGGountanGy fees
807
132
250
974
34
492
974
731
139
282
974
34
436
974
3,663
3,570
Total expenditure on charitable
activities
71,113
91,631
£nil (2024: £nil) of the above expenditure relates to restricted funding.
b. Staff Costs
2025
2024
Gross salaries
15,210
15,831
13

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
Particulars of employees:
The average number of employees durtng the year was as follows..
2025
2024
Charitable aGtivity
No employee received emoluments of more than £60,000 during the year.
The Trustees are not remunerated for their services and are not included in the above
number of employees.
5. Tangible fixed assets
There are no tangible fixed assets acquired during the year or held as at 3151 December
2025 (2024.. none).
G. Debtors
2025
2024
Prepayments
243
302
7. Creditors: amounts falling due within one year
2025
2024
Accruals
Other creditors
974
1,430
919
1,061
2,404
1,980
8. Analysis of net assets between funds
2025
Tangible Net Current
Fixed
Assets
Assets
Totsl
Unrestricted Funds
General Fund
23,903
23,903
2024
Tangible Net Current
Fixed
Assets
Assets
Total
Unrestricted Funds
General Fund
19,334
19,334
14

DoGusign Envelope ID". F52B6453-5283-8B12-8351.7DD871C4580C
WALTON COMMUNITY & ENTERPRISE PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
9. Unrestricted Funds
ovements in the year
Income Expenditure
2025
Reserves
at Beginning
of year
Reserves
at End
of Year
General Fund
19,334
75,682
(71,113>
23,903
Movements in the year
Income Expenditure
2024
Reserves
at Beginning
ot year
Reserves
at End
of Year
General Fund
30.596
80.369
(91.631)
19.334
General Fund is used to finance the charitable company's general activities as outlined in
the Trustees, Report
10. Restricted Funds
There were no restricted funds received or expended during the year or held as at 31st
December 2025. (2024.. £nil)
11. Lease Commitments
Financial commitments under non-Gancellable operating leases relating to a photocopier
lease, this will result in the following payments falling due at 31 sl DeGember 2025.
Photocopier
2025
2024
Operating leases which expire:
Due within one year
423
974
423
974
12. Related Party Transactions
There were no material related party transactions during the year which require disclosiire
(2024.. none).
13.Guarantees
As at 31st December 2025,. 4 members had given a guarantee of £1 each in the event of
the company winding-up. Total: £4 (2024: 5 members £5).
15