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2021-03-31-accounts

WALTHEW HOUSE 2017

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR

THE YEAR ENDED MARCH 31 2021

Charity number 1167749 Company number 09306241

WALTHEW HOUSE 2017 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

INDEX

Administrative information 1
Trustees’ annual report 2 – 6
Auditors’ report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 – 18

WALTHEW HOUSE 2017 ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED MARCH 31 2021

TRUSTEES Mr. D Le Poidevin Chair (Died 23/09/20) Mr. D Bond Treasurer to 16/11/20, Chair from 16/11/20 Ms. C McKenna Secretary Ms. L O’Brien Treasurer from 16/11/20 Ms. J Battye* Dr. H Hill Ms. R Kaiser Appointed 11/01/21 Mr B Turley Appointed 11/01/21 Visually impaired Deaf/hard of hearing Dual sensory loss KEY STAFF Kay Kelly, Executive Manager REGISTERD OFFICE AND Walthew House PRINCIPAL PLACE OF 112 Shaw Heath BUSINESS Stockport SK2 6QS INDEPENDENT EXAMINER Peter Smith BA FCA DChA & ACCOUNTANTS Chittenden Horley 456 Chester Road Old Trafford Manchester M16 9HD BANKERS Royal Bank of Scotland Great Underbank Stockport SK1 1LN INVESTMENT ADVISORS** True Bearing Ltd. 2 Buckshaw Court Euxton Lane Chorley Lancashire PR7 6TE

1

WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2021

The trustees present their annual report together with the financial statements of the charity for the year ended March 31 2021.

REPORTING FRAMEWORK

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), referred to as the Charities SORP (FRS 102) (second edition – October 2019).

OBJECTIVES AND ACTIVITIES

Charitable objects

The objects of the organisation are:-

In shaping the charity’s objectives for the year and planning activities, the trustees have considered the Charity Commission’s guidance, including the guidance on public benefit.

Activities

The charity provides a range of practical and emotional support including:

1

WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2021

Walthew House relies on the support of over 80 trained volunteers who support the charity in a wide range of ways including: staffing the resource centre and help desk, co-ordinating groups and activities, providing refreshments, assisting with communication support for British Sign Language users, acting as sighted guides for people with sight loss, and helping with fundraising.

ACHIEVEMENTS AND PERFORMANCE

Walthew House has continued to work throughout the COVID-19 pandemic, supporting the new and emerging needs of people with sight or hearing loss. The centre remained closed between April and September 2020, but during that time staff and volunteers:

Over the period, over 1,500 ‘check in and chat’ telephone and FaceTime calls were made, practical support or emotional support was provided to over 300 people, online support reached over 5,000 people, more than 250 care packages were provided, and information support was provided for over 2,000 people.

Walthew House reopened to social groups and activities in September 2020, providing socially distanced ‘support groups’ for up to 15 people at a time as permitted under government guidelines. The Hospital Information Service at Stepping Hill also resumed in September.

2

WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2021

FINANCIAL REVIEW

Overview

Income fell from c£328k to c£271k. This reflects the unpredictable pattern of short term grant support and donation and legacy income, as well as the impact of the pandemic. However, there was a surplus on unrestricted funds for the year of c£40k.

Principal funding sources

In 2020/1, it not being possible due to the pandemic for the charity to run its usual community fundraising activities, Walthew House was funded principally through charitable grants:

Charitable activities (including grants from trusts) – 66.6% Donations/memberships/subscriptions/revenue grants/legacies – 29.3% Income generation (room hire/resource centre) – 3.0% Investment income – 1.1%

Investment policy and review

The trustees shall retain sufficient funds on deposit to satisfy short term (next 10 months) needs. The trustees shall take investment advice from an appropriate qualified and experienced investment adviser. The trustees have considered their attitude to risk and have chosen a risk level of 3-4 (*see below for definition) on a scale of 1 –10 where 1 is secure and 10 is aggressive. The trustees will avoid any investments that conflict with the aim of the charity. Any underperformance created by 4.1 is accepted by the trustees. The charity will only invest in markets that are closely regulated and compensation schemes are in place; will have a suitably diversified investment portfolio and be particularly wary of making speculative investments. The trustees to decide what yearly income they wish their investment to produce. The trustees review the charities investments at least every 6 months.

Walthew House recognises its responsibility to comply with all relevant legislation. Trustees will regularly review policies in the light of changes to legislation and amend the charity’s practices accordingly.

*Definition of 3-4 - A level of risk in an investment in which the return should be better than that available from a high street deposit account but where the value of the investment will fall as well as rise. The investor would feel uncomfortable if the investments were likely to rise and fall in value rapidly.

Reserves

The Charity aims to hold up to twelve months expenditure in free reserves (unrestricted funds not invested in fixed assets or otherwise designated) because of the uncertainty over income in future periods. The charity’s free reserves at the year end were £362,857. The budget for 2021/22 is for £375,000 of expenditure, and it anticipated that this will only be possible by drawing down c£64k of the reserves.

3

WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2021

FUTURE PLANS

Walthew House is slowly resuming a level of normality following COVID-19. At the start of the pandemic the charity quickly adapted its services to meet new needs and some of the support provided has been incorporated into the charity’s regular services, including tech online, ‘check in and chat’ and walking for people with sight loss, paired with a volunteer. Help was provided for many people who had not previously sought support from the charity, and feedback suggested that these people knew of Walthew House, but had not in the past needed to access services. Some have continued to engage, others have resumed their lives as before, but it is reassuring to know that people with sight or hearing loss do know that help is available. The new Hospital Information service is a valuable way of reaching new people and helping to address issues and at an early stage, and it is hoped to increase the number of sessions at Stepping Hill Hospital in 2021/2.

Walthew House has relied heavily on one-off COVID grants during 2020/21 and is looking forward to resuming community funding and returning to a diverse income base.

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee governed by its Memorandum and Articles of Association dated November 11 2014. It is a registered charity with the Charity Commission for England and Wales.

Linked charity

Walthew House 2017 is now the sole trustee of the unincorporated charity Walthew House, which is a linked charity under a linking direction issued by the Charity Commission on October 16 2017. At this point all the trustees of the linked charity stood down. The trustees of Walthew House consisted of the same people as listed on page one and Messrs. R Anderson and R Godwin.

Walthew House was originally registered as Stockport Institute for the Blind, the Deaf and the Dumb, (registered number 215469); the charity was governed by an indenture dated June 8 1882, amended by Charity Commission Schemes dated July 4 1961 and October 15 1974. The charity changed its name to Walthew House in 2009.

Membership

The only members of Walthew House 2017 are the trustees.

Associate membership is open to any person paying an annual subscription of £10.

Appointment of trustees

Trustees are appointed by the board of trustees at their meetings. Once a year at a meeting of the trustees called for the purpose, one quarter of the trustees retire by rotation being those longest in office but are eligible for re-election. The trustees who served during the year, together with any charges are listed on page 1.

Trustee induction and training

Trustees receive a full induction and training appropriate to the role.

4

WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2021

Organisation

The charity must have no more than eight and no fewer than three trustees. Trustees must meet at least twice each year. In practice, trustees meet bi-monthly and designate at least one meeting each year where consultation with visually impaired, deaf and hard of hearing members and service users is facilitated. The day to day management of the charity is delegated to the Executive Manager.

Co-operation with other organisations/charities

Walthew House works in partnership with other specialist charities working in the field of sensory loss, including other local, regional and national charities supporting people with sight or hearing loss, and with other organisations, including Stockport MBC and Stockport NHS Foundation Trust.

TRUSTEES’ RESPOSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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 detection of fraud and other irregularities.

APPROVAL

Approved by the Board of Trustees and signed on its behalf by:

David Bond

David Bond - Chair

Date: 27/09/21

5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF WALTHEW HOUSE 2017 FOR THE YEAR ENDED MARCH 31 2021

I report to the charity trustees on my examination of the accounts of the company for the year ended March 31 2021 which are set out on pages 8 to 18.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Chittenden Horley

Peter Smith BA FCA DChA

For and on behalf of: HGA Accountants & Financial Consultants t/a Chittenden Horley Chartered Accountants and Charity Specialists

456 Chester Road Old Trafford Manchester M16 9HD Date: 1/10/21

6

WALTHEW HOUSE 2017 STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED MARCH 31 2021

Notes
INCOME
Donations
2
Charitable Activities
3
Other Trading Activities
4
Investment Income
5
TOTAL INCOME
EXPENDITURE
Cost of raising funds
6
Charitable Activities
7
TOTAL EXPENDITURE
Net gains / (losses) on investments
12
NET INCOME / (EXPENDITURE)
BEFORE TRANSFERS
Transfers between funds
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUND CARRIED FORWARD		 Unrestricted
Funds
2021
£
180,772
28,253
7,686
2,992		 Restricted
Funds
2021
£
-
51,251
443
-		 Endowment
Fund
2021
£
-
-
-
-		 Total
Total
2021
2020
£
£
180,772
112,011
79,504
148,055
8,129
65,191
2,992
2,976
271,397
328,233
33,265
32,104
234,998
271,900
268,263
304,004
27,490
(3,047)
30,624
21,182
-
-
30,624
21,182
589,882
568,700
620,506
589,882
219,703 51,694 -
33,265
173,909		 -
58,924		 -
2,165
207,174
27,490		 58,924
-		 2,165
-
40,019
-		 (7,230)
-		 (2,165)
-
40,019
379,418		 (7,230)
23,691		 (2,165)
186,773
419,437 16,461 184,608

The income, expenditure and gains/losses on investments are those of the linked charity Walthew House.

The notes on pages 10 to 18 form part of these financial statements.

7

WALTHEW HOUSE BALANCE SHEET AS AT MARCH 31 2021

Notes
FIXED ASSETS
Tangible Assets
11
Investments
12
CURRENT ASSETS
Stocks
13
Debtors
14
Cash at Bank and in Hand
CREDITORS
Amounts falling due in one year
15
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted
16
Restricted
16
Endowment
16		 2021
£
13,477
1,160
143,891		 2021
2020
£
£
241,188
226,473
467,661
11,968
1,896
127,452
141,316
4,972
152,845
620,506
419,437
16,461
184,608
620,506		 2020
£
254,181
199,357
453,538
136,344
158,528
5,683
589,882
379,418
23,691
186,773
589,882

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending March 31 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and no notice has been deposited under section 476 requiring the company to obtain an audit of its accounts for the year in question.

Directors’ responsibilities

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

The notes on pages 10 to 18 form part of these financial statements.

The assets, liabilities and funds are those of the linked charity Walthew House.

Approved by the Board and authorised for issue on: 27/09/21

And signed on their behalf by:

David Bond

David Bond - Chair

Company registration number 09306241

8

WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

1 ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items, which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared: under the historic cost convention; 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 January 1 2019 (second edition – October 2019); FRS102; and the Companies Act 2006. The accounts are prepared in £ sterling, which is the functional currency.

All the activities, income, expenditure, net assets and funds included in these accounts are those of the linked charity Walthew House and in accordance with the Charity SoRP one set of accounts is presented including the activities and funds of the linked charity.

The charity constitutes a public benefit entity as defined by FRS102.

Income

Total Incoming Resources as shown in the Statement of Financial Activities represents the net amounts from all sources.

Income is recognised in the accounting period in which it is receivable, except in the following circumstances, when the income is deferred and included in creditors:

Income includes grants in respect of revenue and capital items.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following applies to particular types of income:

Grants , whether of a capital or revenue nature, are recognised when the charity has entitlement to the funds, any performance conditions have been met and it is probable that the income will be received.

General donations from individuals and other bodies (not being of the nature of a grant) are recognised when receivable.

Deferred income

Income is only deferred and included in creditors when:

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds

including those associated with fundraising activities and investment management cost.

Charitable activities costs of undertaking the work of the charity.

The charity is not registered for VAT and cannot recover any input tax charged. Costs are stated inclusive of VAT were charged.

9

WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

1 ACCOUNTING POLICIES (continued)

Pension Fund

The charity makes employer's contributions of 5% of gross pay to the individual pension funds of employees, provided these are matched by 5% of gross pay contributions by the employees. These are all money purchase schemes.

Tangible fixed assets and depreciation

Single asset purchases, not forming part of a related serious of transactions, costing less than £1,000 are not capitalised, but are written off as a revenue expense in the year of acquisition. Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:

Buildings - 1% Fixtures - 6.67% or 10% Equipment - 20% Furniture - 10% Restricted project assets - over the life of the project

Investments, gains and losses

Fixed asset investments are a form of basic financial instrument and are initially recorded at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The SoFA includes the net gains and losses arising on revaluation and on disposals throughout the year.

The investments are identified within the portfolio as specific holdings of shares, unit trusts and bonds (as well as cash). However Pennine Wealth Solutions (with who the portfolio is invested) makes trading decisions for a range of clients and the sales and purchases attributable to the charity are part of much larger transactions. Subsequently there are many more sales and disposals than would normally be expected for this size of holding and the trustees do not consider it to be practical or cost effective to calculate the individual realised gains and losses on transactions, or the carrying cost of disposals. Therefore disposals are shown at net sale proceeds rather than at carrying value.

The net gain or loss on valuation is calculated on the difference between the opening market value as adjusted for disposals at net proceed value and additions at cost compared to the closing market value. The resulting gain or loss is charged to the Statement of Financial Activities in the year.

Stocks

Stocks of goods for resale are valued at the lower of cost or net realisable value. The cost of handicraft goods made by members for resale and held at the balance sheet date are not included in the balance sheet.

Financial instruments

The charity has only basic financial instruments which are initially recorded at cost, and with the exception of investments (as set out above) subsequently measured at their settlement value.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Cashflow Statement

Advantage is taken of the exemptions allowed in the SoRP for small charities not to prepare a cashflow statement.

10

WALTHEW HOUSE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

2 DONATIONS & LEGACIES
Revenue Grants:
Association former Man Utd players
Barnes Cotton Districts Charity
Lee Bakirgian
Garfield Weston Foundation
UKH Foundation
Woodroffe Benton
Grants - COVID support
Douglas Arter Foundation
The Francis Winham Foundation
Forever Manchester
Good Things Foundation
HMRC - CJRS
Home Instead Bringing Joy Foundation
John Slater Foundation
Lee Bakirgian
Leeds Building Society Foundation
The Lynn Foundation
Manchester Guardian Society
National Lottery Community Fund
The Robert McAlpine foundation
Stockport MBC
Tesco bags of Help
Warburtons Community Fund
Will Charitable Trust
The Zochonis Charitable Trust
Refurbishment/Capital Grants:
Awards for All
Bruce Wake Trust
Groundwork Carriers
Manchester Airport Community Fund
Rank Foundation
Donations and legacies:
Donations
Legacies
Access to work support		 Unrestricted
£		 2021
Restricted
£		 Total
£		 Unrestricted
£		 2020
Restricted
£		 Total
£
1,000
2,000
-
-
6,000
750		 -
-
-
-
-
-		 1,000
2,000
-
-
6,000
750		 -
-
300
20,000
-
-		 -
-
-
-
-
-		 -
-
300
20,000
-
-
9,750 - 9,750 20,300 - 20,300
1,000
2,000
10,500
3,000
4,879
480
5,000
200
1,000
500
3,500
10,000
10,000
24,836
500
400
10,000
17,000		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 1,000
2,000
10,500
3,000
4,879
480
5,000
200
1,000
500
3,500
10,000
10,000
24,836
500
400
10,000
17,000		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
104,795 - 104,795 - - -
-
-
-
-
-		 -
-
-
-
-		 -
-
-
-
-		 -
-
-
-
-		 10,000
1,500
969
2,853
1,000		 10,000
1,500
969
2,853
1,000
- - - - 16,322 16,322
30,567
34,400
1,260		 -
-
-		 30,567
34,400
1,260		 12,070
61,114
2,205		 -
-
-		 12,070
61,114
2,205
66,227 - 66,227 75,389 - 75,389
180,772 - 180,772 95,689 16,322 112,011

11

WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

3 INCOME FROM CHARITABLE ACTIVITIES

Grants
CRH Charitable Trust - counselling
Information service
Dunhill Medical Trust
MMH:
Asda Foundation
Birkdale Trust
Boshier Hinton Foundation
Co-op Local Community Fund
Douglas Arter Foundation
Good Things Foundation
Greggs Foundation
MMH Donation
Leeds Building Society - MMH
Local Giving Grant - MMH
National Lottery Community Fund
Reaching Communities - MMH
`
Youth Club:
Asda Foundation
CAF Warburtons
Deaf Bingo
Ford Britain Trust
Hedley Foundation
Hits Radio Cash for Kids
John Slater Foundation
Next PLC
Prince of Wales Charitable
Slater Memorial Fund
The Lynn Foundation
Thomas Cook
TK Maxx
Zochonis Charitable Trust
Other income
Resource Centre Income
Class Income/Subscriptions
Secondment of Executive Manager
Miscellaneous		 - 10,000 10,000 - 10,500
10,500
30,000
30,000
-
-
812
812
1,950
1,950
-
-
500
500
-
-
603
603
400
400
505
505
500
500
-
-
35,500
35,500
40,770
40,770
815
815
200
200
-
-
-
-
3,000
3,000
2,200
2,200
5,000
5,000
250
250
900
900
600
600
500
500
2,000
2,000
500
500
8,000
8,000
23,965
23,965
-
15,029
-
5,925
-
13,085
-
8,781
-
42,820
105,235
148,055
- - - -
-
-
-
-
-
-
-
-
-
-
-
-		 200
-
-
3,533
-
1,250
-
-
-
-
35,735
-		 200
-
-
3,533
-
1,250
-
-
-
-
35,735
-		 -
-
-
-
-
-
-
-
-
-
-
-
- 40,718 40,718 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
300
233
-
-
-
-
-
-
-
-
-
-		 -
-
300
233
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
- 533 533 -
3,193
1,037
22,254
1,769		 -
-
-
-		 3,193
1,037
22,254
1,769		 15,029
5,925
13,085
8,781
28,253 - 28,253 42,820
28,253 51,251 79,504 42,820

12

WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

4 INCOME FROM OTHER TRADING ACTIVITIES

Fundraising
Walthew House
DC Day Centre
DC Sports and Social
Room Hire		 859
-
-
6,827		 -
276
167
-		 859
276
167
6,827		 33,332
-
-
26,732		 -
3,412
1,715
-		 33,332
3,412
1,715
26,732
7,686 443 8,129 60,064 5,127 65,191

Fundraising incomes includes monies raised from events such as table top sales, bingo and the sale of football cards as well as the sale of donated goods and merchandise purchased for resale (e.g. pens, coasters, etc).

5 INVESTMENT INCOME

Income from listed investments
Bank interest
COSTS OF RAISING FUNDS
Fundraising Staff Costs
Investment Management Costs
Other fundraising costs		 2,936
56		 -
-		 2,936
56		 2,724
252		 -
-		 2,724
252
2,992 - 2,992 2,976 - 2,976
28,469
3,341
1,455		 -
-
-		 28,469
3,341
1,455		 24,997
3,328
3,779		 -
-
-		 24,997
3,328
3,779
33,265 - 33,265 32,104 - 32,104

6 COSTS OF RAISING FUNDS

CHARITABLE EXPENDITURE
Salary Costs
Resource Centre costs
Counselling
DC Day Centre
DC Sports and Social
Other direct costs
Interpreter Costs
Making More Happen
Newsletter
Premises
Volunteer expenses
Youth Group
Depreciation
Support and governance costs
Allocated to restricted funds
Restricted Funds
Endowment funds - depreciation		 Unrestricted
£		 2021
Restricted &
Endowment
£		 Total
£		 Unrestricted
£		 2020
Restricted &
Endowment
£		 Total
£
30,153
4,701
-
-
-
-
534
-
928
31,683
532
4,643
10,828
133,912
(44,005)		 -
6,523
(143)
470
8,069
-
-
-
-
2,165
44,005		 30,153
4,701
6,523
(143)
470
-
534
8,069
928
31,683
532
4,643
12,993
133,912
-		 30,374
17,843
-
-
-
372
-
-
1,010
38,097
1,436
-
8,090
127,112
(114,713)		 3,618
-
7,065
2,233
1,324
-
410
12,455
-
13,469
-
4,827
2,165
-
114,713		 33,992
17,843
7,065
2,233
1,324
372
410
12,455
1,010
51,566
1,436
4,827
10,255
127,112
-
173,909 61,089 234,998 109,621 162,279 271,900
58,924
2,165		 160,114
2,165
61,089 162,279

7 CHARITABLE EXPENDITURE

13

WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

8 SUPPORT & GOVERNANCE COSTS
Support Costs
Staff Costs
Insurance
Training
Office costs & other costs
Governance Costs
Professional Fees
Office costs & other costs
Total Support Costs		 Fund
Raising
£		 2021
Charitable
£		 Total
£		 Fund
Raising
£		 2020
Charitable
£		 Total
£
-
-
-
-		 100,446
7,832
-
16,813		 100,446
7,832
-
16,813		 -
-
-
-		 96,929
7,839
435
16,962		 96,929
7,839
435
16,962
- 125,091 125,091 - 122,165 122,165
- 7,781
1,040		 7,781
1,040		 -
-		 2,444
2,503		 2,444
2,503
- 8,821 8,821 - 4,947 4,947
- 133,912 133,912 - 127,112 127,112

Costs that can be wholly attributed to either support or governance are allocated directly to those functions, and other costs are allocated either on the basis of the estimation of time spent (freelance staff) or consumption of resources (office costs).

Support and governance costs are then allocated between costs of raising fund and charitable activities on the basis of the estimation of the use of resources, using a standard percentage method.

9 NET INCOMING RESOURCES AFTER TRANSFERS
This is stated after charging / (crediting):
Accountant / Independent Examiner's fees:
Report
Accountancy (including charges for prior year)
Depreciation charged on fixed assets
Directors' remuneration & trustees' expenses
10 STAFF COSTS
a. Staff Costs
Salaries and wages
Social security costs
Pension Costs		 2021
£
700
1,195
12,993
-
144,197
8,404
6,466
159,068		 2020
£
657
1,660
10,255
-
140,901
8,676
6,341
155,918

No employee earned more than £60,000 in either year.

b. Key Management Personnel

The key management personnel comprise the trustees and the principal staff as set out on page 1. The trustees do not receive any remuneration for their services.

receive any remuneration for their services.
Employment benefits principal staff 53,095 38,336
The average number of employees during the year was: 2021 2021 2020 2020
Number FTE
Number		 Number FTE
Number
Fundraising 1 1 1 1
Charitable 7 4 11 4
8 5 12 5

14

WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

11 TANGIBLE FIXED ASSETS
Cost
As at April 1 2020
Additions / (Disposals)
Disposals
As at March 31 2021
Depreciation
As at April 1 2020
Charge for the year
Disposals
As at March 31 2021
Net Book Value
As at March 31 2021
As At March 31 2020
12 INVESTMENTS
Market Value brought forward
Additions at cost
Disposals
Net gains / (losses)
Market value carried forward
Historic Cost
Investments are represented by:
Quoted investments (UK stock exchange)
Cash held by investment broker
13 STOCKS
Resource centre goods for sale
14 DEBTORS
Income receivable
Prepayments & other debtors
15 CREDITORS falling due within one year
Social security and other taxes
Accruals		 Freehold
Land &
Buildings
£
229,247
-
-		 Long life
Assets
£
46,654
-
-		 Fixtures &
Fittings
Deaf Centre
£
76,222
-		 Furniture &
Equipment
£
170,263
-		 Total
£
522,386
-
-
229,247 46,654 76,222 170,263 522,386
42,477
2,167
-		 25,854
2,336
-		 73,437
792		 126,437
7,698		 268,205
12,993
-
44,644 28,190 74,229 134,135 281,198
184,603 18,464 1,993 36,128 241,188
186,770 20,800 2,785 43,826 254,181
2021
£
176,543
2,890
(5,894)
27,490		 2020
£
175,021
5,416
(847)
(3,047)
201,029 176,543
162,694 162,694
201,029
25,444		 176,543
22,814
226,473 199,357
13,477 11,968
1,160
-		 -
1,896
1,160 1,896
2,219
3,464		 3,074
1,898
5,683 4,972

15

WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

16 STATEMENT OF FUNDS

STATEMENT OF FUNDS
Unrestricted Funds:
General Fund
Restricted Funds:
Activities
Counselling
Deaf Centre Day Centre
Deaf Centre Sports & Social
Information service
MMH
Refurbishment/capital works
Youth Club
Endowment Fund
Land and buildings
Total Funds
For the prior year
Unrestricted Funds:
General Fund
Restricted Funds:
Activities
Counselling
Deaf Centre Day Centre
Deaf Centre Sports & Social
Information service
MMH
Refurbishment/capital works
Youth Club
Endowment Fund
Land and buildings
Total Funds		 01/04/2020
£
379,418		 Income
£
219,703		 Expenditure
£
(207,174)		 Gains &
losses
£
27,490		 Transfers
£
-		 31/03/2021
£
419,437
379,418 219,703 (207,174) 27,490 - 419,437
-
-
9,214
6,477
-
-
-
8,000		 10,000
276
167
-
40,718
-
533		 (10,000)
(143)
470
-
(40,718)
-
(8,533)		 -
-
-
-
-
-
-		 -
-
-
-
-
-
-		 -
9,347
7,114
-
-
-
-
23,691 51,694 (58,924) - - 16,461
186,773 - (2,165) - - 184,608
186,773 - (2,165) - - 184,608
589,882 271,397 (268,263) 27,490 - 620,506
01/04/2019
£
322,641		 Income
£
201,549		 Expenditure
£
(141,725)		 Gains &
losses
£
(3,047)		 Transfers
£
-		 31/03/2020
£
379,418
322,641 201,549 (141,725) (3,047) - 379,418
1,000
-
8,035
6,086
33,000
1,000
-
8,000		 -
10,500
3,412
1,715
30,000
40,770
16,322
23,965		 (1,000)
(10,500)
(2,233)
(1,324)
(63,000)
(41,770)
(16,322)
(23,965)		 -
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-		 -
-
9,214
6,477
-
-
-
8,000
57,121 126,684 (160,114) - - 23,691
188,938 - (2,165) - - 186,773
188,938 - (2,165) - - 186,773
568,700 328,233 (304,004) (3,047) - 589,882

16

WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

17 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS

Fund balances at March 31 2021 are represented by :-

ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS
Fund balances at March 31 2021 are represented by :-
Tangible fixed assets
Investments
Net Current Assets
Free reserves
Fund balances at March 31 2020 are represented by :-
Tangible fixed assets
Investments
Net Current Assets		 Unrestricted
£
54,418
226,473
136,384		 Restricted
£
-
-
16,461		 Endowment
£
186,770
-
-		 Total
£
241,188
226,473
152,845
417,275 16,461 186,770 620,506
362,857 -
-
57,121		 188,938
-
-		 253,394
202,930
112,376
64,456
202,930
55,255
322,641 57,121 188,938 568,700

18 TAXATION

The company is a registered charity and is entitled to claim annual exemption from UK Corporation Tax.

19 CAPITAL COMMITMENTS

There were no capital commitments authorised and contracted for at the end of the year (2020 £Nil).

17