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2022-07-31-accounts

Trustees’ Annual Report for the period

From 01/08/2021 Period start date To 31/07/2022 Period end date

Charity name: Walnuts Care Ltd

Charity registration number: 1144589

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 “To relieve the needs of children and
young
people with Special Educational Needs,
through the provision of recreational,
educational and leisure time activities
provided in the interest of social
welfare,
designed to improve their conditions of
life
and by such other means as the
trustees
may determine.”
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Post-19 College and Day Opportunities
for young adults with autism who
cannot access mainstream.
• Agency providing respite care for
children and young adults with
Autism.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees have followed Charity
Commission guidance wherever
possible.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 We have a comprehensive set of
policies, amongst which is a Grant
Making policy.
Policy on social investment
including program related
investment		 Para 1.38 As Above

We do not currently engage any Para 1.38 volunteers. Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 We have two primary functions :
Walnuts College
• Local alternatives for young people
on the Autistic spectrum who have
reached school leaving age are very
limited. Since September 2012
Walnuts College has, in conjunction
with Milton Keynes College of FE,
delivered educational provision to
young adults who have social,
communication and interaction
difficulties and who cannot access
mainstream College. Our learners
work towards qualifications that
combine independence, living skills
and, for some, the world of work.
Upon completion of their accredited
course, they have the option to
continue learning through our day
service, funded by Milton Keynes
Council.
1:1 support
• In order to address the current
shortage of suitable provision
Walnuts Care offers out-of-hours,
personalised 1:1 care which can be
accessed at weekends, in the
evenings and/or holiday times. Care
may involve community sessions,
accessing local clubs and facilities
or spending time together in the
family home. Programmes are both
person-centred and fully flexible,
designed to provide an integrated
package that suits the individual and
their family.
This continues to be successful for both
families and individuals despite the 2020
covid-19 pandemic.
Additional information (optional)
You may choose to include further statements		 where relevant about:
Walnuts Care continues to hold an
‘Outstanding’ rating by the Care Quality
Achievements against
objectives set		 Para 1.41 Commission.
Performance of fundraising
activities against objectives
set		 Para 1.41 n/a
Investment performance
against objectives		 Para 1.41 n/a
Other

Financial Review

Review of the charity’s Para 1.21 financial position at the end of the period Statement explaining the Para 1.22 policy for holding reserves stating why they are held Amount of reserves held Para 1.22 Reasons for holding zero Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Milton Keynes Council
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46 That MK Council, who provide packages
of care for the young people we support
(in both functions) would limit or cease
their funding.
Other

Structure, Governance and Management

Description of charity’s
trusts:		 n/a
Type of governing document
(trust deed, royal charter)		 Para 1.25 Charity Commission guidance
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charity Commission only
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 We have had three changes of trustee
since the company was established.
Any
further changes would involve
discussions amongst existing Directors
only.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name Walnuts Care Ltd
Other name the charity uses Walnuts Care
Registered charity number 1144589
Charity’s principal address Walnuts Care Ltd
The Watling Way Centre
Galley Hill
Milton Keynes
MK11 1PA

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Mr Nick Jackman Secretary
Mr John Head
Mrs Sue McAvoy

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) N.M.Jackman Full name(s) Nicholas Jackman Position (eg Secretary, Secretary Chair, etc) Date 20th April 2023

Registered number 07690354

Walnuts Care Limited

Report and Accounts

31 July 2022

Walnuts Care Limited Registered number: 07690354 Directors' Report

The directors present their report and accounts for the year ended 31 July 2022.

Principal activities

The company's principal activity during the year continued to be the welfare of children and young adults with autism.

Directors

The following persons served as directors during the year:

Mr J Head Mr N Jackman Mrs S Mc Avoy

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 2 November 2022 and signed on its behalf.

Mr N Jackman Director

1

Walnuts Care Limited Profit and Loss Account for the year ended 31 July 2022

Turnover
Cost of sales
Gross profit
Administrative expenses
Operating profit
Profit before taxation
Tax on profit
Profit for the financial year		 2022
£
551,093
(410,787)
140,306
(114,592)
25,714
25,714
-
25,714		 2021
£
482,016
(352,536)
129,480
(105,596)
23,884
23,884
-
23,884

2

Walnuts Care Limited Registered number: Balance Sheet as at 31 July 2022

07690354

Notes
Fixed assets
Tangible assets
2
Current assets
Debtors
3
Cash at bank and in hand
Creditors: amounts falling due
within one year
4
Net current assets
Net assets
Capital and reserves
Profit and loss account
Shareholders' funds		 2022
£
27,731
16,457
311,746
328,203
(2,160)
326,043
353,774
353,774
353,774		 2021
£
37,770
-
292,390
292,390
(2,100)
290,290
328,060
328,060
328,060

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mr J Head Director Approved by the board on 2 November 2022

3

Walnuts Care Limited Notes to the Accounts for the year ended 31 July 2022

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

4

Walnuts Care Limited Notes to the Accounts for the year ended 31 July 2022

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Tangible fixed assets

Plant and
machinery Motor
etc vehicles Total
£ £ £

5

Walnuts Care Limited Notes to the Accounts for the year ended 31 July 2022

Cost
At 1 August 2021
Disposals
At 31 July 2022
Depreciation
At 1 August 2021
Charge for the year
At 31 July 2022
Net book value
At 31 July 2022
At 31 July 2021
3
Debtors
Trade debtors
4
Creditors: amounts falling due within one year
Trade creditors		 9,552
-
9,552
2,388
2,388
4,776
4,776
7,164		 97,135
(66,529)
30,606
7,651
-
7,651
22,955
89,484
2022
£
16,457
2022
£
2,160		 106,687
(66,529)
40,158
10,039
2,388
12,427
27,731
96,648
2021
£
-
2021
£
2,100

5 Other information

Walnuts Care Limited is a private company limited by shares and incorporated in England. Its registered office is:

The Watling Way Centre

Galley Hill Milton Keynes MK11 1PA

6

Walnuts Care Limited Detailed profit and loss account for the year ended 31 July 2022

This schedule does not form part of the statutory accounts

Sales
Cost of sales
Gross profit
Administrative expenses
Operating profit
Profit before tax		 2022
£
551,093
(410,787)
140,306
(114,592)
25,714
25,714		 2021
£
482,016
(352,536)
129,480
(105,596)
23,884
23,884

7

Walnuts Care Limited Detailed profit and loss account for the year ended 31 July 2022

This schedule does not form part of the statutory accounts

Sales
Sales
Cost of sales
Salaries
HMRC
Administrative expenses
Employee costs:
Directors' salaries
Pensions
Staff ID
Staff training and welfare
College Running
Motor expenses
Salt/OT
Premises costs:
Rent
Light and heat
Cleaning
General administrative expenses:
Telephone and fax
Postage
Stationery and printing
Subscriptions
Bank charges
Insurance
Repairs and maintenance
Depreciation
Legal and professional costs:
Accountancy fees
Consultancy fees		 2022
£
551,093
328,702
82,085
410,787
6,254
16,763
-
3,752
10,163
7,405
1,514
45,851
13,500
5,879
9,822
29,201
4,176
98
4,320
708
77
6,317
7,601
10,039
33,336
4,284
1,920
6,204
114,592		 2021
£
482,016
274,328
78,208
352,536
5,454
15,414
148
800
10,407
6,819
2,446
41,488
16,250
3,371
9,523
29,144
3,948
-
-
978
83
6,650
5,603
12,710
29,972
4,992
-
4,992
105,596

8

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/
members of
On accounts for the year
ended
Set out on pages		 Charity Name
Walnuts Care Limited		 Charity Name
Walnuts Care Limited		 Charity Name
Walnuts Care Limited
31stJuly 2022 Charity no
(if any)		 1144589
(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/07/2020. Responsibilties and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

I 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 accounts to be reached.

Signed: Richard Galloway (Mar 14, 2023 15:59 GMT+2) Date: Mar 14 14/03/2023 , 2023 Name: Mr Richard Galloway Relevant professional qualification(s) or body (if any): Address: 7 The Orchard, London, N21 2DN

Oct 2018

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

2

IER

Walnuts Care_Ind Exam Report_2022

Final Audit Report

2023-03-14

Created: 2023-03-14 By: Michaela Hippey (michaela@hippeyaccountancy.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAW10MoA6_HdQ666dNaQCa7tm8x5kO_iUh

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