## **WALTHEW HOUSE 2017** 

## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** 

## **FOR** 

**THE YEAR ENDED MARCH 31 2022** 

**Charity number** 1167749 **Company number** 09306241 



## **WALTHEW HOUSE 2017 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022** 

## **INDEX** 

|Administrative information|1|
|---|---|
|Trustees’ annual report|2 – 9|
|Auditors’ report|9|
|Statement of financial activities|10|
|Balance sheet|11|
|Notes to the financial statements|12 – 20|





**WALTHEW HOUSE 2017 ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED MARCH 31 2022** 

## **TRUSTEES** 

Mr D Bond Chair Ms C McKenna Secretary Ms L O’Brien Treasurer Ms J Battye** Dr H Hill (resigned 26/10/21) Ms R Kaiser Mr M Morton*** (appointed 26/10/21) Mr B Turley** Mr I Watts* (appointed 26/10/21) 

Visually impaired* Deaf/hard of hearing** Dual sensory loss*** 

**KEY STAFF** Kay Kelly, Chief Executive **REGISTERD OFFICE AND** Walthew House **PRINCIPAL PLACE OF** 112 Shaw Heath **BUSINESS** Stockport SK2 6QS 

**INDEPENDENT EXAMINER** Peter Smith BA FCA DChA **& ACCOUNTANTS** HGA Accountants & Financial Consultants Ltd t/a Chittenden Horley – chartered accountants The Wesley Centre Royce Road, Hulme Manchester M15 5BP 

**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 2022** 

The trustees present their annual report together with the financial statements of the charity for the year ended March 31 2022. 

## **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:- 

- To help people resident in the Metropolitan Borough of Stockport who are blind, Deaf or have a sight and/or hearing loss in such ways as the Management Committee thinks fit. 

- To support charitable organisations that promote the welfare of people with a sensory impairment in the same area. 

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: 

- Information services in accessible formats (British Sign Language, large print, audio and Braille), including help desks at Walthew House and Stepping Hill Hospital, information events, regular newsletter and sensory loss awareness training 

- A not-for-profit equipment resource centre demonstrating and selling assistive technology 

- Social activities catering specifically for each client group (visually impaired, hard of hearing, Deaf) and for all age groups.  These include: 

   - A youth club for children with sight or hearing loss during term time, with additional events at weekends and during school holidays 

   - Centre based activities including: arts and crafts; chair-based exercise; handbell ringing; social group with a speaker and luncheon club; steel band; Technology User Group; Hard of Hearing Group, Book Club, Deaf Day Centre group; Deaf Sports and Social Club; and oneoff events including pottery, chocolate making workshops and planting tactile and scented garden planters 

   - Community based activities including: tandem riding, track-based walking group, walking with a sighted guide, 10 pin bowling and occasional daytrips 

- Counselling services for people with sight loss and advocacy support for people with either a sight or hearing loss; 

- Not for profit room hire for organisations working in the field of sensory loss; and 

- A permanent base and recording studio for Stockport Talking Newspaper Association; and courses and services in partnership with other organisations. 

2 



**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022** 

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** 

At the start of the COVID pandemic Walthew House quickly adapted its services to meet the new and emerging needs of people with sight or hearing loss.  During 2021/2 as guidelines changed, and it became possible to resume regular services and activities, the charity has continued to adapt service provision to meet changing needs, and some of the support provided, including ‘Tech Online’, ‘Check in and Chat’ and ‘Walk my Way’ have been incorporated into the charity’s regular services. 

Walthew House now provides one or more kind of support to over 400 individuals each week.  This includes an average of: 

- 125 people accessing information and advocacy support through the Walthew House helpdesk (55), the Hospital Information Service (20) and Deaf Duty Sessions (10), together with a proportion of the 500 people who engage with the charity through social media 

- 60 people accessing equipment and technology support through the not-for-profit resource centre, Technology Support Group and Tech one-to-one 

- 175 people accessing one or more centre or community based social groups and activities tailored to the support needs of each client group and for all ages from five upwards 

- 40 people accessing other services, including specialist sight loss counselling; information and other events; and lipreading and sensory loss awareness training. 

In total the charity provided over 600 interventions in support of people with sight or hearing loss each week. 

Key to this level of support was the three-year National Lottery Reaching Communities funded Making More Happen. The project has continued to work with individuals and groups to help to remove barriers to participation, so that more people with sight or hearing loss can remain or become active, make the most of their own abilities, and contribute to the life of their community, directly supporting over 1,500 people in 2021/2 and with a total of over 5,000 interventions/attendances. 

The Hospital Information Service, established in 2019 and based in the Eye Clinics at Stepping Hill Hospital continues to provide invaluable support to people throughout their sight loss journey.  The service is provided for two and a half days a week, supporting the retinal, glaucoma and low vision clinics, and focussing on patients with deteriorating eye conditions whose sight cannot be corrected.  In the year to March 2022, 871 patients were seen in the eye clinics, of whom only c50% were at that point registered with a sight loss.  At this stage patients are unlikely to be receiving support from social care and other services, affording Walthew House the opportunity to provide support at the earliest possible stage. 

Patients are provided with information in accessible formats in the clinic, and follow up appointments are available to assist with accessing support from Walthew House, including assistive technology and equipment, sight loss counselling, social activities and practical support like filling in forms, and the support available from the sensory loss team at Stockport Council and other statutory and voluntary providers. Over the year more than 300 people have been referred to Walthew House for help with equipment and technology through the Resource Centre and Technology Group, accessible information services, sensory loss awareness training and assistance with form filling and claiming benefits. 

3 



**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022** 

Eleven people have been referred for free specialist sight loss counselling at Walthew House and nine people have joined regular sporting and social activities provided by the charity.  In addition, the service has made 37 early referrals to the Sensory Loss team (at Stockport Council) and other contracted services (e.g., The Prevention Alliance), and 44 referrals to other voluntary services – including - Age UK, Stockport Car Schemes, Stockport Talking Newspaper Association and other sight loss charities, helping to ensure prompt and timely support for patients. 

Another focus in year has been a comprehensive review and re-energising of the Walthew House Youth Club.  The Club helps ensure that young people with sight or hearing loss have access to the same social and sporting activities that children without a sensory loss enjoy; helps members build relationships with their peers, and provides additional support to members and their families if they need it.  The Club which has been running since 2010 has seen membership and regular attendance grow throughout the year, supported by an awareness campaign, new programme of activities and additional staffing support. 

The needs and priorities for support identified by local people with sight or hearing loss are always at the heart of Walthew House service provision.  In response to requests, ‘See Hear Stockport’, a regular preCOVID assistive equipment and accessible information event, was re-established.  The event held in March attracted over 30 exhibitors and over 150 attendees.  A new 10-week ‘Introduction to Lipreading’ course has also been successfully piloted following feedback from attendees on the charity’s ‘Making the most of your hearing’ course.  The most substantive piece of work undertaken to inform service development has been a needs assessment ‘What do D/deaf people want?’ commissioned by Walthew House, Bolton Deaf Society and Manchester Deaf Centre.   Undertaken by Forever Consulting, over 200 individuals with hearing loss and 30+ people in targeted focus groups have been surveyed.  The report, due to be published in summer 2022, will help to ensure the D/deaf community’s voice is key to service development in Greater Manchester. 

Raising awareness of the needs of people with sensory loss continues to be an important part of the work of the charity, ensuring lasting relationships are maintained with local communities, reaching more people directly and supporting early intervention.  This is achieved through: 

- Talks and presentations to local companies and organisations, including staff and clients at the local Jobcentre and Stockport Advocacy; to community groups, including a local dementia club where talks were given on the connection between hearing and/or sight loss and dementia; and to local WI, Inner Wheel and Rotary clubs. 

- Attendance at more community events – including the local Rotary Club Duck Race where the Walthew House Steel Band performed 

- A blind/blindfold 10 pin bowling competition involved 17 teams drawn from local companies and community groups and Walthew House’s own bowling team helped to raise awareness of the challenges of sight loss 

- Working collaboratively with other organisations, including: Stockport Council Community Champions – promoting COVID recovery public health information messages; Healthwatch Stockport – identifying gaps and promoting accessibility; and participation in the Children’s Hearing and Vision Services Working Group with – Stockport Council’s Sensory Education Service, Seashell Trust, Stepping Hill Hospital and the wider voluntary sector – encouraging information sharing and good practice. 

4 



**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022** 

Trustees, following the Charity Commission’s updating of the Charity Governance Code, have commenced a wide-ranging review of governance practices, in line with the Code’s recommendations. Working towards the core values of Walthew House – to be ‘Responsive, Effective Supportive and Trusted’, an early focus has been a comprehensive review of Equality, Diversity and Inclusivity policy, strategy and practices.  This work will continue into 2022/3. 

## **FINANCIAL REVIEW** 

## **Overview** 

Income increased from c£271k to c£388k.  This reflects the unpredictable pattern of short term grant support and donation and legacy income, as well as the impact of the pandemic.  There was a surplus on unrestricted funds for the year of c£44k, after transfers to designated funds. 

## **Principal funding sources** 

Although there has been an increase in community fundraising as activities return to normal after the pandemic, Walthew House continues to be funded mainly though charitable grants: 

Charitable activities (including grants from trusts) – 38.8% Donations/memberships/subscriptions/revenue grants/legacies – 55.7% Income generation (room hire/resource centre) – 4.7% Investment income – 0.8% 

## **Hospital Information Service - Atkinson in memoriam donation** 

The charity received a generous donation from the Atkinson family which has been designated to support the Hospital Information Service. 

## **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 charity’s 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 £415,758.  The budget for 2022/23 is for £385,000 of expenditure. However, rising energy and other costs are expected to mean that reserves will have to be drawn on as we expect that this budget figure will be exceeded. 

5 



**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022** 

## **FUTURE PLANS** 

16[th] June 2022 sees the 200[th] birthday of the charity’s founder, John Walthew, and the 140[th] anniversary of the creation of the charity.  As well as taking time to celebrate the legacy of support the Walthew family has given to Stockport people with sight or hearing loss, the anniversary provides a timely opportunity to begin new conversations about the future of the charity. 

Looking ahead, Walthew House is focusing on projects which will facilitate early intervention, outreach and improving accessibility.  Built on learning from the Making More Happen project, the ‘What do D/deaf people want?’ needs assessment and the flexible and responsive approach Walthew House has taken to providing wide-ranging support during the COVID pandemic, the charity is focusing on a ‘no wrong door’ approach to ensuring access to the full range of support provided by Walthew House.  ‘Access All Areas’ is a multi-faceted project, based on the core values of Walthew House - to be Responsive, Effective, Supportive and Trusted – facilitating a co-ordinated service which is comprehensive, dynamic, and actively inclusive – 

- Responsive: 

   - Providing a ‘safety net’ of accessible information and advocacy support, helping to prevent challenges becoming crises 

   - Responding flexibly to evolving need 

- Effective: 

   - Early intervention - including support for children and young people and their families through regular social opportunities and accessible information and advocacy support, and through a hospital-based information service reaching people with sight loss at the point of diagnosis 

   - Outreach - including sight and hearing loss awareness training, and, following the charity’s comprehensive equality, diversity and inclusivity review, a more targeted approach to difficult to reach groups and individuals 

- Supportive: 

   - Ongoing support to empower people, and sustain initiatives and groups both at the centre and in the community. 

   - One-to-one support – including ‘check in and chat’ and other befriending services, specialist sight loss counselling and specialist advocacy services for British Sign Language users 

- Trusted: 

   - Understanding that the quality of the service provided must be exemplary in order to maintain the charity’s reputation as a ‘one stop shop’ for anyone needing specialist help with sight or hearing loss 

   - Being recognised both locally and across Greater Manchester as a reliable source of trusted information on sensory loss. 

   - Publishing annual impact reports which transparently demonstrate the impact of our services and how funds have been effectively utilised. 

Underpinning this work and ensuring the continuity and consistency of support that has been key over the long history of Walthew House, will be comprehensive governance and strategic reviews, and a commitment to additional resources bolstered by retaining project staff into permanent positions.  This will be supported by a new senior fundraising and income generation role, tasked with diversifying income, alongside additional resources to ensure that income from charitable trusts is maximised. 

6 



**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022** 

## **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 changes are listed on page 1. 

## **Trustee induction and training** 

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

## **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 Chief Executive. 

## **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. 

7 



**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022** 

## **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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP (FRS 102) (second edition – October 2019); 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 

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: 3/11/22 

8 



**INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF WALTHEW HOUSE 2017 FOR THE YEAR ENDED MARCH 31 2022** 

I report to the charity trustees on my examination of the accounts of the company for the year ended March 31 2022 which are set out on pages 10 to 20. 

## **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. 

## _Peter Smith_ 

## **Peter Smith BA FCA DChA** 

For and on behalf of: HGA Accountants & Financial Consultants 

t/a Chittenden Horley Chartered Accountants:Charity Specialists 


The Wesley Centre Royce Road, Hulme Manchester M15 5BP                     Date: 9/11/22 

9 



## **WALTHEW HOUSE 2017 STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED MARCH 31 2022** 

|**Notes**<br>**INCOME**<br>Donations<br>2<br>Charitable Activities<br>3<br>Other Trading Activities<br>4<br>Investment Income<br>5<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>Cost of raising funds<br>6<br>Charitable Activities<br>7<br>**TOTAL EXPENDITURE**<br>Net gains / (losses) on<br>investments<br>12<br>**NET INCOME / (EXPENDITURE)**<br>**BEFORE TRANSFERS**<br>Transfers between funds<br>**NET MOVEMENT IN FUNDS**<br>**TOTAL FUNDS BROUGHT**<br>**FORWARD**<br>**TOTAL FUNDS CARRIED**<br>**FORWARD**|**Unrestricted funds**<br>**Restricted **<br>**General**<br>**Designated**<br>**Funds**<br>**2022**<br>**2022**<br>**2022**<br>**£**<br>**£**<br>**£**<br>208,662<br>-<br>7,635<br>39,953<br>-<br>110,658<br>14,433<br>-<br>3,634<br>3,415<br>-<br>-<br>266,463<br>-<br>121,927<br>33,313<br>-<br>-<br>177,534<br>-<br>97,902<br>210,847<br>-<br>97,902<br>24,692<br>-<br>-<br>80,308<br>-<br>24,025<br>(35,836)<br>35,000<br>836<br>44,472<br>35,000<br>24,861<br>419,439<br>-<br>16,461<br>463,911<br>35,000<br>41,322|**Unrestricted funds**<br>**Restricted **<br>**General**<br>**Designated**<br>**Funds**<br>**2022**<br>**2022**<br>**2022**<br>**£**<br>**£**<br>**£**<br>208,662<br>-<br>7,635<br>39,953<br>-<br>110,658<br>14,433<br>-<br>3,634<br>3,415<br>-<br>-<br>266,463<br>-<br>121,927<br>33,313<br>-<br>-<br>177,534<br>-<br>97,902<br>210,847<br>-<br>97,902<br>24,692<br>-<br>-<br>80,308<br>-<br>24,025<br>(35,836)<br>35,000<br>836<br>44,472<br>35,000<br>24,861<br>419,439<br>-<br>16,461<br>463,911<br>35,000<br>41,322|**Unrestricted funds**<br>**Restricted **<br>**General**<br>**Designated**<br>**Funds**<br>**2022**<br>**2022**<br>**2022**<br>**£**<br>**£**<br>**£**<br>208,662<br>-<br>7,635<br>39,953<br>-<br>110,658<br>14,433<br>-<br>3,634<br>3,415<br>-<br>-<br>266,463<br>-<br>121,927<br>33,313<br>-<br>-<br>177,534<br>-<br>97,902<br>210,847<br>-<br>97,902<br>24,692<br>-<br>-<br>80,308<br>-<br>24,025<br>(35,836)<br>35,000<br>836<br>44,472<br>35,000<br>24,861<br>419,439<br>-<br>16,461<br>463,911<br>35,000<br>41,322|**Endowment**<br>**Fund**<br>**Total**<br>**Total**<br>**2022**<br>**2022**<br>**2021**<br>**£**<br>**£**<br>**£**<br>-<br>**216,297**<br>_180,774_<br>-<br>**150,611**<br>_79,504_<br>-<br>**18,067**<br>_8,129_<br>-<br>**3,415**<br>_2,992_<br>-<br>**388,390**<br>_271,399_<br>-<br>**33,313**<br>_33,265_<br>2,167<br>**277,603**<br>_234,998_<br>2,167<br>**310,916**<br>_268,263_<br>-<br>**24,692**<br>27,490<br>(2,167)<br>**102,166**<br>_30,626_<br>-<br>-<br>-<br>(2,167)<br>**102,166**<br>_30,626_<br>184,608<br>**620,508**<br>_589,882_<br>182,441<br>**722,674**<br>_620,508_|
|---|---|---|---|---|
||266,463|-|121,927|-|
||33,313<br>177,534|-<br>-|-<br>97,902|-<br>2,167|
||210,847<br>24,692|-<br>-|97,902<br>-|2,167<br>-|
||80,308<br>(35,836)|-<br>35,000|24,025<br>836|(2,167)<br>-|
||44,472<br>419,439|35,000<br>-|24,861<br>16,461|(2,167)<br>184,608|
||463,911|35,000|41,322|182,441|



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

The notes on pages 12 to 20 form part of these financial statements. 

10 



## **WALTHEW HOUSE BALANCE SHEET AS AT MARCH 31 2022** 

|**Notes**<br>**FIXED ASSETS**<br>Tangible Assets<br>11<br>Investments<br>12<br>**CURRENT ASSETS**<br>Stocks<br>13<br>Debtors<br>14<br>Cash at Bank and in Hand<br>**CREDITORS**<br>Amounts falling due in one year<br>15<br>**NET CURRENT ASSETS**<br>**NET ASSETS**<br>**FUNDS**<br>Unrestricted<br>16<br>Restricted<br>16<br>Endowment<br>16|**2022**<br>**£**<br>12,817<br>230<br>242,195|**2022**<br>**2021**<br>**£**<br>**£**<br>230,594<br>251,117<br>481,711<br>13,477<br>1,160<br>143,893<br>158,530<br>5,683<br>240,963<br>722,674<br>498,911<br>41,322<br>182,441<br>722,674|**2021**<br>**£**<br>241,188<br>226,473|
|---|---|---|---|
||||467,661<br>152,847|
||255,242<br>14,279|||
|||||
||||620,508|
||||419,439<br>16,461<br>184,608|
||||620,508|



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 2022, 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 12 to 20 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:** 3/11/22 

## **And signed on their behalf by:** 

## David Bond 

## **David Bond - Chair** 

Company registration number 09306241 

11 



## **WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022** 

## **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: 

- The income relates to a future accounting period 

- A sales invoice has been raised ahead of the work being carried out and the charity is not contractually entitled to the income until the work has been done 

- Not all the terms and conditions of the grant have been met, including the incurring of expenditure and the grant conditions are such that unspent grant must be refunded. 

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: 

- The income relates to a future accounting period 

- A sales invoice has been raised ahead of the work being carried out and there is no contractual entitlement to the income until the work has been done 

- Not all the terms and conditions of the grant have been met, including the incurring of expenditure and the grant conditions are such that unspent grant must be refunded 

## **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. 

12 



## **WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022** 

## **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. 

13 



## **WALTHEW HOUSE** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022** 

|**2 DONATIONS & LEGACIES**<br>**Revenue Grants:**<br>Association former Man Utd players<br>Barnes Cotton Districts Charity<br>The Francis Winham Foundation<br>Garfield Weston Foundation<br>GM Peer support Fund<br>Inman Charity<br>Marsh Christian Trust<br>Postcode Lottery<br>UKH Foundation<br>Woodroffe Benton<br>The Zochonis Charitable Trust<br>**Grants - COVID support**<br>Arnold Clark<br>Douglas Arter Foundation<br>The Francis Winham Foundation<br>Forever Manchester<br>Good Things Foundation<br>HMRC - CJRS<br>Home Instead Bringing Joy Foundation<br>John Slater Foundation<br>Lee Bakirgian<br>Leeds Building Society Foundation<br>The Lynn Foundation<br>Manchester Guardian Society<br>National Lottery Community Fund<br>The Robert McAlpine foundation<br>Stockport MBC<br>Tesco bags of Help<br>Warburtons Community Fund<br>Will Charitable Trust<br>The Zochonis Charitable Trust<br>**Refurbishment/Capital Grants:**<br>W G Edwards Charity<br>YBS Charitable Trust<br>**Donations and legacies:**<br>Donations<br>In memory from Atkinson family<br>Legacies<br>Access to work support|**Unrestricted**<br>**£**|**2022**<br>**Restricted**<br>**£**|**Total**<br>**£**|**Unrestricted**<br>**£**|**2021**<br>**Restricted**<br>**Total**<br>**£**<br>**£**|
|---|---|---|---|---|---|
||1,000<br>-<br>-<br>25,000<br>250<br>5,000<br>1,000<br>20,000<br>-<br>-<br>8,000|-<br>-<br>5,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**1,000**<br>**-**<br>**5,000**<br>**25,000**<br>**250**<br>**5,000**<br>**1,000**<br>**20,000**<br>**-**<br>**-**<br>**8,000**|_1,000_<br>_2,000_<br>_-_<br>_-_<br>_-_<br>-<br>_-_<br>_-_<br>_6,000_<br>_750_<br>_-_|_-_<br>**_1,000_**<br>_-_<br>**_2,000_**<br>_-_<br>**_-_**<br>_-_<br>**_-_**<br>_-_<br>**_-_**<br>-<br>-<br>_-_<br>**_-_**<br>_-_<br>**_-_**<br>_-_<br>**_6,000_**<br>_-_<br>**_750_**<br>_-_<br>**_-_**<br>_-_<br>**_9,750_**<br>_-_<br>**_-_**<br>_-_<br>**_1,000_**<br>_-_<br>**_2,000_**<br>_-_<br>**_10,500_**<br>_-_<br>**_3,000_**<br>**_4,879_**<br>_-_<br>**_480_**<br>_-_<br>**_5,000_**<br>_-_<br>**_200_**<br>_-_<br>**_1,000_**<br>**_500_**<br>_-_<br>**_3,500_**<br>_-_<br>**_10,000_**<br>_-_<br>**_10,000_**<br>_-_<br>**_24,836_**<br>_-_<br>**_500_**<br>_-_<br>**_400_**<br>_-_<br>**_10,000_**<br>_-_<br>**_17,000_**<br>-<br>**104,795**<br>_-_<br>**_-_**<br>_-_<br>**_-_**<br>-<br>**_-_**<br>_-_<br>**_30,569_**<br>_-_<br>**_-_**<br>_-_<br>**_34,400_**<br>_-_<br>**_1,260_**<br>_-_<br>**_66,229_**<br>_-_<br>**_180,774_**|
||60,250|5,000|**65,250**|_9,750_||
||1,000<br>-<br>-<br>-<br>-<br>-<br>-<br>2,500<br>-<br>-<br>-<br>-<br>-<br>-<br>3,565<br>-<br>-<br>-<br>-|-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**1,000**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**2,500**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**3,565**<br>**-**<br>**-**<br>**-**<br>**-**|_-_<br>_1,000_<br>_2,000_<br>_10,500_<br>_3,000_<br>_4,879_<br>_480_<br>_5,000_<br>_200_<br>_1,000_<br>_500_<br>_3,500_<br>_10,000_<br>_10,000_<br>_24,836_<br>_500_<br>_400_<br>_10,000_<br>_17,000_||
||7,065|-|**7,065**|104,795||
||_-_<br>_-_|1,500<br>1,135|**1,500**<br>**1,135**|_-_<br>_-_||
||-|2,635|**2,635**|-||
||26,779<br>54,000<br>60,118<br>450|-<br>-<br>-<br>-|**26,779**<br>**54,000**<br>**60,118**<br>**450**|_30,569_<br>_-_<br>_34,400_<br>_1,260_||
||141,347|-|**141,347**|_66,229_||
||208,662|7,635|**216,297**|_180,774_||



14 



## **WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022** 

|**Unrestricted**<br>**£**<br>**3 INCOME FROM CHARITABLE ACTIVITIES**<br>**Grants**<br>CRH Charitable Trust - counselling<br>_-_<br>_Information service_<br>Douglas Arter Foundation<br>-<br>GMCVO<br>-<br>National Lottery Awards For All<br>-<br>SMBC - Community Champions<br>-<br>The Ardonagh Trust<br>-<br>Will Charitable Trust<br>-<br>-<br>_MMH:_<br>Asda Foundation<br>_-_<br>Boshier Hinton Foundation<br>_-_<br>Bringing Joy Foundation<br>_-_<br>Co-op Local Community Fund<br>_-_<br>Good Things Foundation<br>_-_<br>National Lottery Community Fund<br>_-_<br>-<br>**`**<br>_Youth Services:_<br>Asda Foundation<br>_-_<br>Adamson Trust<br>_-_<br>ALA Green Charitable Trust<br>_-_<br>Birkdale Trust for Hearing Impaired<br>_-_<br>Casey Trust<br>_-_<br>Deaf Bingo<br>_-_<br>Ford Britain Trust<br>_-_<br>Global Make Some Noise<br>Hedley Foundation<br>_-_<br>John & Ann Slater Foundation<br>_-_<br>Skelton Charity<br>_-_<br>-<br>**Other income**<br>Resource Centre Income<br>7,962<br>Class Income/Subscriptions<br>4,848<br>Secondment of Chief Executive<br>25,845<br>Miscellaneous<br>1,298<br>39,953<br>39,953|**Unrestricted**<br>**£**|**2022**<br>**Restricted**<br>**£**|**Total**<br>**£**|**Unrestricted**<br>**£**|**2021**<br>**Restricted**<br>**£**|**Total**<br>**£**|
|---|---|---|---|---|---|---|
|||-|**-**|-|10,000|**_10,000_**|
||-<br>-<br>-<br>-<br>-<br>-|1,000<br>1,000<br>8,500<br>5,000<br>7,200<br>14,000|**1,000**<br>**1,000**<br>**8,500**<br>**5,000**<br>**7,200**<br>**14,000**|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|**_-_**<br>**_-_**<br>**_-_**<br>**_-_**<br>**_-_**<br>**_-_**|
||-|36,700|**36,700**|_-_|_-_|**_-_**|
||_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|-<br>1,500<br>450<br>-<br>-<br>36,200|**-**<br>**1,500**<br>**450**<br>**-**<br>**-**<br>**36,200**|_-_<br>_-_<br>_-_<br>_-_<br>_-_|_200_<br>_-_<br>_3,533_<br>_1,250_<br>_35,735_|**_200_**<br>**_-_**<br>**_3,533_**<br>**_1,250_**<br>**_35,735_**|
||-|38,150|**38,150**|_-_|_40,718_|**_40,718_**|
||_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|1,000<br>1,000<br>4,425<br>1,458<br>2,000<br>-<br>-<br>20,000<br>2,000<br>3,375<br>550|**1,000**<br>**1,000**<br>**4,425**<br>**1,458**<br>**2,000**<br>**-**<br>**-**<br>**20,000**<br>**2,000**<br>**3,375**<br>**550**|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_300_<br>_233_<br>_-_<br>_-_<br>_-_<br>_-_|**_-_**<br>**_-_**<br>**_-_**<br>**_-_**<br>**_-_**<br>**_300_**<br>**_233_**<br>**_-_**<br>**_-_**<br>**_-_**<br>**_-_**|
||-|35,808|**35,808**|_-_|_533_|**_533_**|
||7,962<br>4,848<br>25,845<br>1,298|-<br>-<br>-<br>-|**7,962**<br>**4,848**<br>**25,845**<br>**1,298**|_3,193_<br>_1,037_<br>_22,254_<br>_1,769_|_-_<br>_-_<br>_-_<br>_-_|**_3,193_**<br>**_1,037_**<br>**_22,254_**<br>**_1,769_**|
||39,953|-|**39,953**|_28,253_|_-_|**_28,253_**|
||39,953|110,658|**150,611**|_28,253_|_51,251_|**_79,504_**|



15 



## **WALTHEW HOUSE** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022** 

|**Unrestricted**<br>**£**<br>**4 INCOME FROM OTHER TRADING ACTIVITIES**<br>**_Fundraising_**<br>Walthew House<br>10<br>DC Day Centre<br>-<br>DC Sports and Social<br>-<br>Room Hire<br>14,423<br>14,433|**Unrestricted**<br>**£**|**2022**<br>**Restricted**<br>**£**|**Total**<br>**£**|**Unrestricted**<br>**£**|**2021**<br>**Restricted**<br>**£**|**Total**<br>**£**|
|---|---|---|---|---|---|---|
|||-<br>2,313<br>1,321<br>-|**10**<br>**2,313**<br>**1,321**<br>**14,423**|_859_<br>_-_<br>_-_<br>_6,827_|_-_<br>_276_<br>_167_<br>_-_|**_859_**<br>**_276_**<br>**_167_**<br>**_6,827_**|
||14,433|3,634|**18,067**|_7,686_|_443_|**_8,129_**|



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**<br>Income from listed investments<br>Bank interest<br>**6 COSTS OF RAISING FUNDS**<br>Fundraising Staff Costs<br>Investment Management Costs<br>Other fundraising costs<br>**7 CHARITABLE EXPENDITURE**<br>Salary Costs<br>Resource Centre costs<br>Counselling<br>DC Day Centre<br>DC Sports and Social<br>Other direct costs<br>Interpreter Costs<br>Making More Happen<br>Newsletter<br>Premises<br>Volunteer expenses<br>Youth Group<br>Depreciation<br>Support and governance costs<br>Allocated to restricted funds<br>Restricted Funds<br>Endowment funds - depreciation|3,402<br>13|-<br>-|**3,402**<br>**13**|_2,936_<br>_56_|_-_<br>_-_|**_2,936_**<br>**_56_**|
|---|---|---|---|---|---|---|
||3,415|-|**3,415**|_2,992_|_-_|**_2,992_**|
||23,320<br>3,417<br>6,576|-<br>-<br>-|**23,320**<br>**3,417**<br>**6,576**|_28,469_<br>_3,341_<br>_1,455_|_-_<br>_-_<br>_-_|**_28,469_**<br>**_3,341_**<br>**_1,455_**|
||33,313|-|**33,313**|_33,265_|_-_|**_33,265_**|
||61,211<br>9,101<br>-<br>-<br>-<br>-<br>380<br>-<br>530<br>38,677<br>977<br>6,007<br>8,428<br>130,040<br>(77,817)|-<br>-<br>7,469<br>2,234<br>1,500<br>-<br>-<br>8,882<br>-<br>-<br>-<br>-<br>2,167<br>-<br>77,817|**61,211**<br>**9,101**<br>**7,469**<br>**2,234**<br>**1,500**<br>**-**<br>**380**<br>**8,882**<br>**530**<br>**38,677**<br>**977**<br>**6,007**<br>**10,595**<br>**130,040**<br>**-**|_30,153_<br>_4,701_<br>_-_<br>_-_<br>_-_<br>_-_<br>_534_<br>_-_<br>_928_<br>_31,683_<br>_532_<br>_4,643_<br>_10,828_<br>_133,912_<br>_(44,005)_|_-_<br>_-_<br>_6,523_<br>_(143)_<br>_470_<br>_-_<br>_-_<br>_8,069_<br>_-_<br>_-_<br>_-_<br>_-_<br>_2,165_<br>_-_<br>_44,005_|**_30,153_**<br>**_4,701_**<br>**_6,523_**<br>**_(143)_**<br>**_470_**<br>**_-_**<br>**_534_**<br>**_8,069_**<br>**_928_**<br>**_31,683_**<br>**_532_**<br>**_4,643_**<br>**_12,993_**<br>**_133,912_**<br>**_-_**|
||177,534|100,069|**277,603**|_173,909_|_61,089_|**_234,998_**|
|||97,902<br>2,167|||_58,924_<br>_2,165_||
|||100,069|||_61,089_||



16 



## **WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022** 

|**8 SUPPORT & GOVERNANCE COSTS**<br>**_Support Costs_**<br>Staff Costs<br>Insurance<br>Training<br>Office costs & other costs<br>**_Governance Costs_**<br>Professional Fees<br>Office costs & other costs<br>**_Total Support Costs_**|**Fund**<br>**Raising**<br>**£**|**2022**<br>**Charitable**<br>**£**|**Total**<br>**£**|**Fund**<br>**Raising**<br>**£**|**2021**<br>**Charitable**<br>**£**|**Total**<br>**£**|
|---|---|---|---|---|---|---|
||-<br>-<br>-<br>-|91,438<br>7,606<br>-<br>24,186|**91,438**<br>**7,606**<br>**-**<br>**24,186**|_-_<br>_-_<br>_-_<br>_-_|_100,446_<br>_7,832_<br>_-_<br>_16,813_|**_100,446_**<br>**_7,832_**<br>**_-_**<br>**_16,813_**|
||-|123,230|**123,230**|_-_|_125,091_|**_125,091_**|
||-<br>-|5,124<br>1,686|**5,124**<br>**1,686**|_-_<br>_-_|_7,781_<br>_1,040_|**_7,781_**<br>**_1,040_**|
||-|6,810|**6,810**|_-_|_8,821_|**_8,821_**|
||-|130,040|**130,040**|_-_|_133,912_|**_133,912_**|



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**<br>This is stated after charging / (crediting):<br>Accountant / Independent Examiner's fees:<br>Report<br>Accountancy (including charges for prior year)<br>Depreciation charged on fixed assets<br>Directors' remuneration & trustees' expenses<br>**10 STAFF COSTS**<br>**a. Staff Costs**<br>Salaries and wages<br>Social security costs<br>Pension Costs|**2022**<br>**£**<br>**720**<br>**1,100**<br>**10,595**<br>**-**<br>**160,264**<br>**8,921**<br>**6,784**<br>**175,969**|**2021**<br>**£**<br>_700_<br>_1,195_<br>_12,993_<br>_-_|
|---|---|---|
|||_144,198_<br>_8,404_<br>_6,466_|
|||_159,068_|



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||**50,669**||_53,095_|
|The average number of employees during the year was:|**2022**|**2022**|**2021**|**2021**|
||Number|FTE<br>Number|Number|FTE<br>Number|
|Fundraising|1|1|_1_|_1_|
|Charitable|7|4|_7_|_4_|
||8|5|_8_|_5_|



17 



## **WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022** 

|**11 TANGIBLE FIXED ASSETS**<br>**Cost**<br>As at April 1 2021<br>As at March 31 2022<br>**Depreciation**<br>As at April 1 2021<br>Charge for the year<br>As at March 31 2022<br>**Net Book Value**<br>As at March 31 2022<br>As At March 31 2021<br>**12 INVESTMENTS**<br>Market Value brought forward<br>Additions at cost<br>Disposals<br>Net gains / (losses)<br>Market value carried forward<br>Historic Cost<br>Investments are represented by:<br>Quoted investments (UK stock exchange)<br>Cash held by investment broker<br>**13 STOCKS**<br>Resource centre goods for sale<br>**14 DEBTORS**<br>Income receivable<br>**15 CREDITORS falling due within one year**<br>Social security and other taxes<br>Accruals|**Freehold**<br>**Land &**<br>**Buildings**<br>£<br>229,247|**Long life**<br>**Assets**<br>£<br>46,654|**Fixtures &**<br>**Fittings**<br>**Deaf Centre**<br>£<br>76,222|**Furniture &**<br>**Equipment**<br>£<br>170,263|**Total**<br>£<br>522,386|
|---|---|---|---|---|---|
||229,247|46,654|76,222|170,263|522,386|
||44,644<br>2,167|28,190<br>2,336|74,229<br>738|134,135<br>5,353|281,198<br>10,594|
||46,811|30,526|74,967|139,488|291,792|
||**182,436**|**16,128**|**1,255**|**30,775**|**230,594**|
||_184,603_|_18,464_|_1,993_|_36,128_|_241,188_|
||||**2022**<br>**£**<br>**201,029**<br>**-**<br>**-**<br>**24,692**||**2021**<br>**£**<br>_176,543_<br>_2,890_<br>_(5,894)_<br>_27,490_|
||||**225,721**||_201,029_|
||||**162,694**||_162,694_|
||||**225,721**<br>**25,396**||_201,029_<br>_25,444_|
||||**251,117**||_226,473_|
||||**12,817**||_13,477_|
||||**230**||_1,160_|
||||**230**||_1,160_|
||||**3,112**<br>**11,167**||_2,219_<br>_3,464_|
||||**14,279**||_5,683_|



18 



## **WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022** 

|**16 STATEMENT OF FUNDS**<br>**01/04/2021**<br>**Unrestricted Funds:**<br>**£**<br>General Fund<br>_419,439_<br>_Designated funds:_<br>Zochonis budget support<br>_-_<br>Hospital Information service<br>_-_<br>-<br>**Total Unrestricted funds**<br>_419,439_<br>**Restricted Funds:**<br>Older People<br>_-_<br>Deaf Centre Day Centre<br>_9,347_<br>Deaf Centre Sports & Social<br>_7,114_<br>Information service<br>_-_<br>MMH<br>_-_<br>Youth Services<br>_-_<br>Refurbishment/capital works<br>_-_<br>_16,461_<br>**Endowment Fund**<br>Land and buildings<br>_184,608_<br>_184,608_<br>**Total Funds**<br>_620,508_<br>**Restricted Funds are analysed as follows:**<br>**_Information service_**<br>Douglas Arter Foundation<br>_-_<br>GMCVO<br>_-_<br>National Lottery Awards For All<br>_-_<br>SMBC - Community Champions<br>_-_<br>The Ardonagh Trust<br>_-_<br>Will Charitable Trust<br>_-_<br>-<br>**_MMH_**<br>Boshier Hinton Foundation<br>_-_<br>Bringing Joy Foundation<br>_-_<br>National Lottery Community Fund<br>_-_<br>_-_<br>**_Youth Services_**<br>Asda Foundation<br>_-_<br>Adamson Trust<br>_-_<br>ALA Green Charitable Trust<br>_-_<br>Birkdale Trust for Hearing Impaired<br>_-_<br>Casey Trust<br>_-_<br>Global Make Some Noise<br>_-_<br>Hedley Foundation<br>_-_<br>John & Ann Slater Foundation<br>_-_<br>Skelton Charity<br>_-_<br>_-_|**01/04/2021**<br>**£**<br>_419,439_|**Income**<br>**£**<br>266,463|**Expenditure**<br>**£**<br>(210,847)|**Gains &**<br>**losses**<br>**£**<br>24,692|**Transfers**<br>**£**<br>(35,836)|**31/03/2022**<br>**£**<br>**463,911**|
|---|---|---|---|---|---|---|
||_-_<br>_-_|-<br>-|-<br>-|-<br>-|8,000<br>27,000|**8,000**<br>**27,000**|
||-|-|-|-|35,000|**35,000**|
||_419,439_|266,463|(210,847)|24,692|(836)|**498,911**|
||_-_<br>_9,347_<br>_7,114_<br>_-_<br>_-_<br>_-_<br>_-_|5,000<br>2,313<br>1,321<br>36,700<br>38,150<br>35,808<br>2,635|-<br>(2,234)<br>(1,500)<br>(25,450)<br>(38,150)<br>(29,433)<br>(1,135)|-<br>-<br>-<br>-<br>-<br>-<br>-|-<br>-<br>836<br>-<br>-<br>-<br>-|**5,000**<br>**9,426**<br>**7,771**<br>**11,250**<br>**-**<br>**6,375**<br>**1,500**|
||_16,461_|121,927|(97,902)|-|836|**41,322**|
||_184,608_|-|(2,167)|-|-|**182,441**|
||_184,608_|-|(2,167)|-|-|**182,441**|
||_620,508_|388,390|(310,916)|24,692|-|**722,674**|
|||1,000<br>1,000<br>8,500<br>5,000<br>7,200<br>14,000|(1,000)<br>(1,000)<br>(4,250)<br>(5,000)<br>(7,200)<br>(7,000)|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|**-**<br>**-**<br>**4,250**<br>**-**<br>**-**<br>**7,000**|
||-|36,700|(25,450)|-|-|**11,250**|
||_-_<br>_-_<br>_-_|1,500<br>450<br>36,200|(1,500)<br>(450)<br>(36,200)|_-_<br>_-_<br>_-_|_-_<br>_-_<br>_-_|**-**<br>**-**<br>**-**|
||_-_|_38,150_|_(38,150)_|_-_|_-_|_-_|
||_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|1,000<br>1,000<br>4,425<br>1,458<br>2,000<br>20,000<br>2,000<br>3,375<br>550|(1,000)<br>-<br>(4,425)<br>(1,458)<br>-<br>(20,000)<br>(2,000)<br>-<br>(550)|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|**-**<br>**1,000**<br>**-**<br>**-**<br>**2,000**<br>**-**<br>**-**<br>**3,375**<br>**-**|
||_-_|35,808|(29,433)|-|-|**6,375**|



19 



**WALTHEW HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022** 

## **16 STATEMENT OF FUNDS (continued)** 

|**_For the prior year_**<br>**Unrestricted Funds:**<br>General Fund<br>**Restricted Funds:**<br>Activities<br>Counselling<br>Deaf Centre Day Centre<br>Deaf Centre Sports & Social<br>Information service<br>MMH<br>Refurbishment/capital works<br>Youth Club<br>**Endowment Fund**<br>Land and buildings<br>**Total Funds**|**01/04/2020**<br>**£**<br>_379,418_|**Income**<br>**£**<br>_219,705_|**Expenditure**<br>**£**<br>_(207,174)_|**Gains &**<br>**losses**<br>**£**<br>_27,490_|**Transfers**<br>**£**<br>_-_|**31/03/2021**<br>**£**<br>_419,439_|
|---|---|---|---|---|---|---|
||_379,418_|_219,705_|_(207,174)_|_27,490_|_-_|_419,439_|
||_-_<br>_-_<br>_9,214_<br>_6,477_<br>_-_<br>_-_<br>_-_<br>_8,000_|_-_<br>_10,000_<br>_276_<br>_167_<br>_-_<br>_40,718_<br>_-_<br>_533_|_(10,000)_<br>_(143)_<br>_470_<br>_-_<br>_(40,718)_<br>_-_<br>_(8,533)_|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|_-_<br>_-_<br>_9,347_<br>_7,114_<br>_-_<br>_-_<br>_-_<br>_-_|
||_23,691_|_51,694_|_(58,924)_|_-_|_-_|_16,461_|
||_186,773_|_-_|_(2,165)_|_-_|_-_|_184,608_|
||_186,773_|_-_|_(2,165)_|_-_|_-_|_184,608_|
||_589,882_|_271,399_|_(268,263)_|_27,490_|_-_|_620,508_|



## **17 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS** 

_Fund balances at March 31 2022 are represented by :-_ 

|_Fund balances at March 31 2022 are represented by :-_<br>Tangible fixed assets<br>Investments<br>Net Current Assets<br>Free reserves|**Unrestricted**<br>General<br>designated<br>**£**<br>48,153<br>-<br>251,117<br>-<br>164,641<br>35,000<br>463,911<br>35,000<br>**415,758**|**Unrestricted**<br>General<br>designated<br>**£**<br>48,153<br>-<br>251,117<br>-<br>164,641<br>35,000<br>463,911<br>35,000<br>**415,758**|**Restricted**<br>**£**<br>-<br>-<br>41,322|**Endowment**<br>**£**<br>182,441<br>-<br>-|**Total**<br>**£**<br>**230,594**<br>**251,117**<br>**240,963**|
|---|---|---|---|---|---|
||463,911|35,000|41,322|182,441|**722,674**|
||**415,758**|||||



_Fund balances at March 31 2021 are represented by :-_ 

|Tangible fixed assets<br>Investments<br>Net Current Assets|_56,580_<br>_226,473_<br>_136,386_|_-_<br>_-_<br>_-_|_-_<br>_-_<br>_16,461_|_184,608_<br>_-_<br>_-_|**_241,188_**<br>**_226,473_**<br>**_152,847_**|
|---|---|---|---|---|---|
||_419,439_|_-_|_16,461_|_184,608_|**_620,508_**|



## **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 (2021 £Nil). 

20