## **Trustees’ Annual Report for the period**
## **From 01/08/2023 Period start date To 31/07/2024 Period end date**
## **Charity name: Walnuts Care Ltd**
## **Charity registration number: 1144589**
## **Objectives and Activities**
|**Objectives and Activities**|**Objectives and Activities**|**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 and associated**
**disabilities 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|SORP reference|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**|||
|Contribution made by
volunteers|Para 1.38|**We do not currently engage any**
**volunteers.**|
Other
## **Achievements and Performance**
**----- Start of picture text -----**
SORP reference
**----- End of picture text -----**
|**Achievements and Performance**|**Achievements and Performance**|**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**
**with autism and associated disabilities**
**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.**|
|**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:|
|---|---|---|
|Achievements against
objectives set|Para 1.41|**Walnuts Care continues to hold an**
**‘Outstanding’ rating by the Care Quality**
**Commission.**
**During a 2024 OFSTED inspection of our**
**Educational program (Walnuts College),**
**our SEND provision was rated**
**‘Outstanding’ with the wider college**
**overall achieving a‘Good’ rating.**|
|Performance of fundraising
activities against objectives
set|Para 1.41|**n/a**|
|---|---|---|
|Investment performance
against objectives|Para 1.41|**n/a**|
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**The year end 2024 saw Walnuts Care**
**generate a surplus of income totalling**
**£31000**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Approximately 50% of reserves are**
**intended for buying premises to avoid**
**paying rent on non-owned buildings. **
**The remaining 50% to protect against**
**any cash flow disruption**|
|Amount of reserves held|Para 1.22|**£440000**|
|Reasons for holding zero
reserves|Para 1.22|**n/a**|
|Details of fund materially in
deficit|Para 1.24|**n/a**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**None, any risks have been identified and**
**managed**|
**Additional information (optional)** You may choose to include further statements where relevant about:
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**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||
|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||
|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
and training of trustees|Para 1.51||
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Mr Nick Jackman Secretary
2 Mr John Head
3 Mrs Sue McAvoy
4 Mr Tim Read
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
– 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
held in this capacity|n/a|
|---|---|
|Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|n/a|
|Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|n/a|
## **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)** Nick Jackman **Position (eg Secretary,** Secretary **Chair, etc) Date** 15th May 2025
Registered number 07690354
Walnuts Care Limited
Report and Accounts
31 July 2024
**Walnuts Care Limited Registered number: 07690354 Directors' Report**
The directors present their report and accounts for the year ended 31 July 2024.
## **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 McAvoy (resigned June 14 2024) Mr T Read
## **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 8 October 2024 and signed on its behalf.
Mr N Jackman Director
1
## **Walnuts Care Limited Profit and Loss Account for the year ended 31 July 2024**
|**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
Other operating income
**Operating profit**
Interest receivable
**Profit before taxation**
Tax on profit
**Profit for the financial year**|**2024**
**£**
650,941
(508,268)
142,673
(116,501)
712
26,884
4,425
31,309
-
31,309|**2023**
**£**
661,570
(478,448)
183,122
(117,481)
3,653
69,294
1,309
70,603
-
70,603|
|---|---|---|
2
**Walnuts Care Limited Registered number: Balance Sheet as at 31 July 2024**
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**|**2024**
**£**
12,841
6,044
439,922
445,966
(3,121)
442,845
455,686
455,686
455,686|**2023**
**£**
20,307
40,907
374,867
415,774
(11,704)
404,070
424,377
424,377
424,377|
|---|---|---|
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 8 October 2024
3
**Walnuts Care Limited Notes to the Accounts for the year ended 31 July 2024**
## **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 2024**
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 2024**
|**Cost**
At 1 August 2023
Additions
At 31 July 2024
**Depreciation**
At 1 August 2023
Charge for the year
At 31 July 2024
**Net book value**
At 31 July 2024
At 31 July 2023
**3**
**Debtors**
Trade debtors
Other debtors
**4**
**Creditors: amounts falling due within one year**
Trade creditors
Taxation and social security costs|12,167
2,573
14,740
7,164
2,388
9,552
5,188
5,003|30,606
-
30,606
15,302
7,651
22,953
7,653
15,304
**2024**
**£**
5,646
398
6,044
**2024**
**£**
3,121
-
3,121|42,773
2,573
45,346
22,466
10,039
32,505
12,841
20,307
**2023**
**£**
40,907
-
40,907
**2023**
**£**
4,286
7,418
11,704|
|---|---|---|---|
## **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 2024**
_This schedule does not form part of the statutory accounts_
|**Sales**
Cost of sales
**Gross profit**
Administrative expenses
Other operating income
**Operating profit**
Interest receivable
**Profit before tax**|**2024**
**£**
650,941
(508,268)
142,673
(116,501)
712
26,884
4,425
31,309|**2023**
**£**
661,570
(478,448)
183,122
(117,481)
3,653
69,294
1,309
70,603|
|---|---|---|
7
## **Walnuts Care Limited Detailed profit and loss account for the year ended 31 July 2024**
_This schedule does not form part of the statutory accounts_
|**Sales**
Sales
**Cost of sales**
Salaries
**Administrative expenses**
Employee costs:
Directors' salaries
Pensions
Staff training and welfare
Resources
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
Entertaining
Legal and professional costs:
Accountancy fees
Consultancy fees
**Other operating income**
Other operating income|**2024**
**£**
650,941
508,268
5,243
8,853
2,216
11,900
7,834
2,092
38,138
16,200
8,528
10,313
35,041
5,476
64
1,411
647
77
10,265
5,874
10,039
2,051
35,904
6,679
739
7,418
116,501
712|**2023**
**£**
661,570
478,448
7,021
7,793
4,470
9,052
6,431
4,195
38,962
17,250
6,798
9,403
33,451
4,270
23
2,409
525
101
7,457
16,823
10,039
-
41,647
3,421
-
3,421
117,481
3,653|
|---|---|---|
8
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name Walnuts Care Limited **members of On accounts for the year** 31[st] July 2024 **Charity no** 1144589 **ended (if any) Set out on pages** (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.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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.
* _Please delete the words in the brackets if they do not apply._
**Signed:** _R Galloway_ **Date:** 28/05/2025 **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**