Charity number.. 1158378
WATLINGTON HOUSE
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

WATLINGTON HOUSE
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Independent examiner's report
statement of flnanclal actlvltles
Balance sheet
statement of cash flows
Notes to the financial statements
10-18

WATLINGTON HOUSE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Trustees
G Adair (appointed 2 April 20141
A M Andrews (appointed 2 April 20141
R Bennett, Hon. Secretary lappointed 14 September 20161
M Cookson lappoinled 3 July 20131
Canon B Shenton, Chairman lappoinled 22 January 20141
S Thomton (resigned 10ecember 20221
D C H Williams, Hon. Treasurer lappointed 2 April 20141
D J Cottam lappoinled 30 November 20221
Charity registered numbor
1158378
Principal office
Wallington House
44 Wallington Street
Reading
Bert(shire
RG1 4RJ
A￿oUntantS
James Cowper Kreslon
Chartered Accountants and Statutory Auditor
Reading Bridge House
George Street
Reading
Bert(shire
RG1 8LS
Bankers
Natwest Bank PIC
Level 1
The Oracle Centre
Reading
Bert(shire
RG1 2AH
Solicitors
Field Seymour Parkes
1 London Street
Reading
Bert(shire
RG1 4QW
Page 1

WATLINGTON HOUSE
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Trustees present their Report with the Financial Statements of the Charity lo the year ended 30 September
2023. The Trustees confirm that the Annual Report and Financial Statements of the Charity comply wlh current
statutory requirements, the requirements of the Charitys goveming document and the provisions of the
Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January
20191.
CONSTITUTION
The Charity is controlled by its governing document, a Constitution registered with the Charity Commission on 28
August 2014, and constitutes a Charitable Incorporated Organisation {ClOI.
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the responsibility of the Trustees, who are elected and c(H)pted under the
terms of the Constitution registered with the Charity Commission on 28 August 2014.
RISK REVIEW
The Trustees actively review the major risks which the Charity faces on a regular basis.
The loss of key tenants poses a significant risk for the charity. In 2010, following the loss of several of its tenants.
the Charity s income fell and its ability to keep trading as a going concem was open to question. In view of this
the charity look a number of steps lo increase its income and reduce its operating costs.
The Charity was successful in its endeavours and by 30 September 2019 income from Letting and Hall and other
hire had risen to £89,058. By 30 September 2020 this figure had dropped to £71,280, as the full effects of the
coronavirus pandemic were felt, resulting in reslriclions on Hall hire. The charity was not eligible for any
government grants relating to the impact of the pandemic during the period April lo September 2020.
Nevertheless the Trust still posted a small surplus of £464.
During the financial year 2020-21 the local NHS Primary Care Network established a very successful Covid
Centre lo serve ￿ntral Reading. To compensate for loss of income the Trust were paid £36,920 during the year
in question. In addition the policy on Covid grant support changed and the Trust received £27,357 in Covid
support grants from Reading Borough Council. In the event only one of the Trust's 5 tenants Ithe Gurkhas
Total Security Lldl required rent relief, this represented a loss of £5,460 for the financial year 2012-2022 and a
total of £8,190 since the pandemic started.
However, despite assistance they were unable lo re-start their business and they terminated their agreement
with the Trust from 31 sl March 2022 after 10 years, occupancy.
The Trust completed the refurbishment of the front garden and enclosure of Wallington House. In November
2021 al a gross cost of £56k. The project was supported by a grant of £1 gk from the Earley Poors Charity, as
part of their Bi-centennial celebrations, reducing the net cost lo £36k. The Trust has received very positive feed-
back about the added presence the improvements give to both the House and SLJrrounding conservation area.
The works were unveiled by Cllr Stevens Imayor of Reading}, Willie Hartley-Russell MVO DL (High Sheriff of the
Royal County) and Trustees of Earley Charity.
Page 2

WATLINGTON HOUSE
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Trust have consolidated their financial position during the current year. The two upstairs rooms al the front
of the house, vacated by the Gurkhas, having been refurbished in 2021-22 were re-lel to one of the Trustees,
Mrs M Cookson lo house her personal archives and to Chris Weston of Vveslon & Co Archilecls. This meant that
Chris Vveslon had two rooms. However, the financial challenges he faced during 2023 meant that during the
summer he has now concentrated work in the larger room at the front and has surrendered his original room at
the back, which remains lo be relel. Hall and Parking income has recovered after the Covid downlum and is
approaching pre-covid levels. Following the major expenditure last year on the House surrounds, expenditure
has decreased and overall the Trust has posted a surplus of £20,702.
The Trustees also keep the potential cost of improvements, planned maintenance and unforeseen repairs under
regular review and have adopted a policy of ensuring that the Trust always has a reserve of al least the
equivalent of three months, expenditure. Once the current programme of refurbishment and improvements has
been completed the Trustees intend lo create a 'sinking fund, from their reserves to cover any future major
expenditure.
OBJECTIVES AND ACTIVITIES FOR PUBLIC BENEFIT
In selling our objectives and planning our activities, the Trustees have given careful consideration lo the Charity
Commission's general guidance on public benefit.
Wallington House is a Grade 2 starred listed building. When threatened with demolition in 1930, public monies
were raised and the building was purchased by the National Council of Social Setvice (now the National Council
for Voluntary Service} in 1931 for £1,705 plus expenses, lo be run by the Wallington House Management
Committee, which was then registered as a charity in ils own right. The value of the building now for insurance
purposes is £3.5m and it is insured with the Ecclesiastical Insurance Co Ltd.
The Charity was formed lo manage and maintain Wallington House for the general benefit of the local
community. The house has a number of rooms and a Hall for letting and hire by individuals or organisalions in
accordance with the standard hiring agreement and the scale of charges adopted for the year. The income from
letlings is used lo maintain the property.
On 2 April 2014 the Charity obtained Charity Commission approval lo change ils conslitulion. 11 is now a
Charitable Incorporated Organization ICIOI. A CIO can acquire land and in July 2016 the Charity acquired the
freehold of Vvatlinglon House from the Nab'onal Council for Voluntsry Setvice INCVOI. No consideration was
paid.
GOING CONCERN
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate
resources lo continue in operational existen￿ for the foreseeable future. For this reason they continue lo adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the
going concem basis can be found in the Accounting Policies.
FINANCES
The Charity has a reserves policy of three months of expenditure. Based on average expenditure for the first
seven months of the 2024 financial year of £5,464 per month, the Charity has reseNes of-22 months.
Page 3

WATLINGTON HOUSE
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Charills total funds, excluding investment property, as at September 2023 amounted lo £119,160, being
£3,619.160 less property of £3,500,0001£98,458 as al 30 September 20221. The Trust has now completed the
major part of its repair and refurbishment programme.
2016117 - roof and exterior of main building refurbished
2017118 - Hall refurbished and extended lo provide additional office accommodation
2018119- Boundary wall re-furbished and extra work lo the House
2019120 - repairs, maintenance and painting of windows and doors at rear of the House and refurbishment of
others, also refurbishment of front garden and curtilage
2021122 - major refurbishment of the rooms vacated by the Gurkhas in March 2022,which have been re-lel from
September 2022. The Trust completed the refurbishment of the front garden and enclosure of
Wallington House in November 2021 al a gross cost of £56k. The project was supported by a grant
of £19k from the Earley Poors Charity, as part of their B1-￿ntennIal celebrations, reducing the nel cost
10 £36k. The Trust has received very positive feedback about the added presence the improvements
give lo both the House and surrounding consetvalion area.
2022123- Following our experience supporting the NHS during COVID we were approached by the lead
practi￿ we worked with lo see if we would be willing lo erect a building in the rear of Ihe main building
lo rent lo the Central Reading Primary Care Network for health purposes. The feasibility study
concluded during 2023 that although it might be possible lo erect such a building in the available space,
the constraints of our Grade Il. property, which includes the garden, would have made Planning
Consent challenging lo secure.11 was also judged that il would be difficult lo avoid impacting
adversely on the House and garden. As a result no further action has been taken lo implement
the proposal.
TRUSTEE'S RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally A¢￿PIed Accounting
Practice).
The law applicable lo charities in England and Wales requires the Trustees lo prepare financial slalements for
each financial year which give a true and fair view of the stsle of affairs of the charity and of the incoming
resources and application of resources of the charity for that period.
In preparing these financial statements, the Trustees are required lo..
1. select suitable accounting policies and then apply them consistently-
2. obseNe the methods and principles in the Charities SORP IFRS1021',
3. make judgments and accounting estimates that are reasonable and prudent.,
4. prepare the financial statements on the going concem basis unless il is inappropriate to presume that
the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the
charity's transactions and disclose with reasonable accuracy al any time the financial position of the charity and
enable them lo ensure that the financial stslemenls comply with the Charities Act 2011, the Charity (Accounts
and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Page 4

WATLINGTON HOUSE
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Approved by order of the members of the board of Trustees and signed on their behalf by..
Canon B Shenton
Dale..
Z•LL
Page 5

WATLINGTON HOUSE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Independent Examinerfs Report to the Trustees of Watlington House {'the Charity'l
report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30
September 2023.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'Ihe 2011 Act'l.
I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515llb} of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no mallers have come lo my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or
the accounts do not accord with those records., or
the accounts do not comply wlh the applicable requirements conceming the form and conlenl of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other mallers 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-
Pe
Dated.. 25 June 2024
Alexander Peal Bsc (Honsl FCA DChA
James Cowper Kreston
Chartered Accounlanls and Statutory Auditor
Reading Bridge House
George Street
Reading
Berkshire
RG18LS
Page 6

WATLINGTON HOUSE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Charitable activities
83.163
83.163
79,114
Total income
83.163
83.163
79,114
Expenditure on:
Charitable activities
62.461
62.461
113,734
Total expenditure
62,461
62,461
113,734
Net movement In funds
20.702
20.702
134,6201
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
3,598,458
20,702
3,598,458
20,702
3,633,078
134,6201
Total funds carrled fonNard
3,619.160
3,619.160
3,598,458
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 18 form part of these financial statements.
Page 7

WATLINGTON HOUSE
8ALANCE SHEET
AS AT 30 SEPTEM8ER 2023
2023
2022
Note
Flx•d as$els
Investment property
Current assets
3,500,000
3,500.000
Debtors
Cash al bank and in hand
Creditors.. amounts falling due within one
year
2,600
95,858
119,560
14001
Not current assets
119,160
98,458
Total 888ots less current Ilabilitles
3,619.160
3,598.458
Total net ossets
3.619,160
3,598,458
Charlty funds
Restricled funds
Unrestricted funds
3,619,160
3,598.458
Total funds
3.619,160
3.598,458
The financial slalements were approved and authorised for issue by the Trustees and signed on their behalf by..
Canon 8 Shenton
The notes on pages 10 10 18 form part of these financial slalements.
Page 8

WATLINGTON HOUSE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
2023
2022
Note
Cash flow$ from operating activities
Nel cash used in operating activities
12
23,702
{18,2201
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
23,702
(18,2201
114,078
95.858
Cash and cash equivalents at the end ofthe year
13
119,560
95,858
The notes on pages 10 to 18 fomi part of these financial statements
Page 9

WATLINGTON HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102} and the Charities Act 2011.
Wallinglon House meets the definition of a public benefit entity under FRS 102. Assets and liabilities
a￿ initially recognised at historical cost or transaction value unless otherwise staled in the relevant
accounting policy.
1.2 Going concern
The Trustees a￿ of the view that the charity has sufficient funds to enable il lo continue its activities
on a going concern basis for a period of al least 12 months. The Iruslees believe that financial
statements have been prepared appropriately on the going concern basis.
1.3 Fund accounting
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial slalements.
1.4 Income
All income is recognised once the Charity has enlillemenl lo the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Gifts in kind donated for distribution are included al valuation and recognised as income when they
a￿ distributed lo the projects. Gifts donated for resale are included as income when they are sold.
Donated facilities are included al the value to the charity where this can be quantified and a third
party is bearing the cost. No amounts are included in the financial statements for services donated by
volunteers.
Page 10

WATLINGTON HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accounting policies (continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activity are apporboned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Governance costs are those incurred in connection with administration of the charity and compliance
with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charitls educational operations
including support costs and costs relating to the governance of the charity apportioned to charitable
activities.
1.6 Investment property
Freehold property is revalued by the Trustees, on an open market for existing use basis.
1.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm highly liquid investrnenls with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
1.9 Liabilities and provisions
Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past
event. it is probable that a transfer of economic benefit will be required in selllemenl, and the amoLJnt
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay lo settle the debt or the
amount il has received as advanced payments for the goods or services it musl provide.
1.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
Page11

WATLINGTON HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Income from charitable activities
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Tenant's rent
Hall and other income
61,606
21,557
61,606
21.557
47,336
31,778
83,163
83,163
79,114
Total 2022
79,114
79,114
Analysis of expenditure on charitable activities
Summary by fund type
Restricted Unrestricted
funds
funds
2023
2023
Total
2023
Total
2022
Direct costs
61,161
1,300
61,161
1.300
112,894
840
Governance costs
62,461
62,461
113,734
Total 2022
19,000
94,734
113,734
Page 12

WATLINGTON HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Analysis of expenditure by activities
Activities
undertaken
directly
2023
Support
costs
Total
funds
2023
Total
funds
2022
2023
Direct costs
Governance costs
61,161
61,161
1.300
112,894
840
1,300
61,161
1,300
62,461
113,734
Total 2022
112,894
840
113,734
Govemance costs £1,300 comprises annual independent examination fee of £900, plus the £400
accountancy charge for additional reconciliation work.
Analysis of dirert COSts
Total
funds
2023
Total
funds
2022
Activities
2023
Caretaking
Rates
Insurance
Light and heat
House expenditure
Repairs and maintenance
House improvements
Garden expenditure
Water
12,350
5,651
6,354
10,113
12,172
4,414
12,350
5.651
6,354
10,113
12,172
4.414
7,800
5,171
5,726
9,225
12,041
8,518
58,564
6,002
813
6,002
813
757
Cleaning
Sundry
2,470
822
2.470
822
4,766
326
61,161
61,161
112,894
Total 2022
112,894
112,894
Independent examiner's remuneration
The independent examinerfs remuneration amounts to an independent examiner fee of £900 12022
£8751.
Page 13

WATLINGTON HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Investment property
Freehold
Investment
property
Valuation
At 1 October 2022
3,500.000
At 30 September 2023
3,500,000
The freehold investment property was acquired from the National Council for Voluntary Organisalions
{NCVOI for a peppercorn on 18 July 2016. The freehold property was revalued by the Trustees, on an
open market for existing use basis.
Debtors
2023
2022
Due within one year
Other debtors
2.600
2,600
Creditors- amounts falling due within one year
2023
2022
Accruals and deferred income
400
400
Creditors falling due within one year1£400 accrual) being accountancy fee for additional reconciliation
work.
Page 14

WATLINGTON HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Statement of funds
Statement of funds - current year
Balance at
30
September
2023
Balance at 1
October
2022
Income Expenditure
Unrestrlcted funds
Unrestricted funds
3,598,458
83,163
(62,4611
3,619,160
Statement of funds - prlor year
Balance at
30
September
2022
Balance al
1 October
2021
Income Expenditure
Unrestricted funds
Unreslricled funds
3,614,078
79,114
194,7341 3,598,458
Restricted funds
Reslricled Funds- all funds
19,000
119,0001
Total of funds
3,633,078
79,114
1113,7341 3,598,458
Page 15

WATLINGTON HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
10.
Summary offunds
Summary offunds - current year
Balance at
30
September
2023
Balance at 1
October
2022
Income Expenditure
General funds
3.598.458
83.163
{62.4611
3,619.160
Summary offunds - prior year
Balance at
BalanTr al
1 October
2021
30
September
2022
Income Expenditure
General funds
Restricted funds
3,614,078
19,000
79,114
194,7341 3,598,458
119,0001
3,633,078
79,114
1113,7341 3,598,458
11.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2023
Total
funds
2023
Investment property
Current assets
3,500,000
119,560
14001
3,500,000
119,560
14001
Creditors due within one year
Total
3,619,160
3,619,160
Page 16

WATLINGTON HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
11.
Analysis of net assets between funds {continuedl
Analysis of net assets between funds - prior year
Unrestricted
funds
2022
Total
funds
2022
Investment propety
Current assets
3,500,000
98,458
3,500,000
98,458
Total
3,598,458
3,598,458
12.
Reconciliation of net movement in funds to net cash flow from operating activities
2023
2022
Nel incomelexpendilure for the year {as per Statement of Financial
Acliviliesl
20.702
134,6201
Adjustments for-
Decrease in debtors
Increase in creditors
2,600
400
16.400
Net cash provlded byl(used In) operatlng actlvltles
23.702
118,2201
13.
Analysis of cash and cash equivalents
2023
2022
Cash in hand
119.560
95,858
Total cash and cash equivalents
119,560
95,858
Page 17

WATLINGTON HOUSE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
14.
Analysis of changes in net debt
At1
October
2022 Cash flows
At30
Soptember
2023
Cash at bank and in hand
95,858
23,702
119,560
95,858
23,702
119,560
15. Related party transactlons
During the year, one trustee received payments tolalling £1,727 12022.. £3,924) as as reimbursement for
plants purchased for use in the Charity gardens.
During the year, one trustee received payments lotalling £2812022.. £nill as reimbursement for purchase
of materials used in the Charity gardens.
During the year, one trustee paid the charity £4,30012022'. £nill for rent.
During the year, Berkshire Youth Limited, related by common Trusteeship, paid the charity £11,88012022:
£11,880) for rent.
During the year, The Mills Archive Trust, related by common Trusteeship, paid the charity £22.981 12022:
£21,696) for rent.
During the year, The Reading Civic Society. related by common Trusteeship, paid the charity £24012022:
£1401 for room hire.
16. Controlllng party
The Charity is under joint control of the Trustees, who oversee all administration and operations that the
Charity undertakes.
Page 18