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2023-03-31-accounts

WALTHEW HOUSE 2017

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR

THE YEAR ENDED MARCH 31 2023

Charity number 1167749 Company number 09306241

WALTHEW HOUSE 2017 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

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 2023

TRUSTEES

TRUSTEES
Ms C McKenna Chair from 22ndNovember, previously
secretary
Ms L O’Brien Treasurer
Mr D Bond Secretary, previously chair
Ms J Battye***
Ms R Kaiser
Mr M Morton***
Mr B Turley**
Mr I Watts*
Visually impaired*
Deaf/hard of hearing**
Dual sensory loss***
KEY STAFF Kay Kelly, Chief
Executive
REGISTERED OFFICE AND Walthew House
PRINCIPAL PLACE OF 112 Shaw Heath
BUSINESS Stockport SK2 6QS
INDEPENDENT EXAMINER Stacy MasonFCCA
& ACCOUNTANTS HGA Accountants & Financial Consultants Ltd
t/a Chittenden Horley – chartered accountants
Hyde Park House
Cartwright Street
Hyde SK14 4EH
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 2023

The trustees present their annual report together with the financial statements of the charity for the year ended March 31 2023.

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:

2

WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2023

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 information 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

During 2022/3 Walthew House provided one or more kind of support to over 400 individuals every week, with a total of more than 600 attendances or interventions. This included:

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:

3

WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2023

Walthew House, as a specialist charity, focuses on provision for people and sight loss, but is also part of the wider community, taking part in the local ‘Safe Spaces’ and ‘Warm Spaces’ initiatives, welcoming local people into Walthew House, as well as providing low-cost room hire for local groups.

FINANCIAL REVIEW

Overview

Income decreased from £388k in 2022 to £277k in 2023. This reflects the unpredictable pattern of shortterm grant support and donation and legacy income.

Principal funding sources

Walthew House was funded principally through charitable grants:

Charitable activities (including grants from trusts) – 24% Donations/memberships/subscriptions/revenue grants/legacies – 65% Income generation (room hire/resource centre) – 9% Investment income – 2%

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 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.

4

WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2023

*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 £296,096. The core budget for 2023/24 is for £300,000 of expenditure, leaving a free reserves of just under 12 months.

FUTURE PLANS

Looking ahead, Walthew House is continuing to focus on projects which will facilitate early intervention, outreach and improving accessibility. Walthew House will continue to promote its ‘no wrong door’ approach to ensuring access to the full range of support provided by Walthew House, facilitating a coordinated service which is comprehensive, dynamic, and actively inclusive, in line with the charity’s core values:

To underpin this work, ensuring the continuity and consistency of support has been key over the long history of Walthew House. The Charity continues to strengthen governance practices and ensure both paid and voluntary staff members are supported to develop in their roles to maintain/improve its performance.

5

WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2023

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.

6

WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2023

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 Officer.

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’ RESPONSIBILITIES 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:

Christine McKenna - Chair

Date: 16[th] May 2023

7

INDEPENDENT EXAMINERS REPORT WALTHEW HOUSE 2017 FOR THE YEAR ENDED MARCH 31 2023

I report to the charity trustees on my examination of the accounts of the company for the year ended March 31 2023 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.

Stacy Mason

Stacy Mason FCCA

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

Hyde Park House, Cartwright Street SK14 4EH

Date: 20-05-2023

8

INDEPENDENT EXAMINERS REPORT WALTHEW HOUSE 2017 FOR THE YEAR ENDED MARCH 31 2023

STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account)

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 FUNDS CARRIED
FORWARD		 Unrestricted funds
Restricted
General
Designated
Funds
2023
2023
2023
£
£
£
108,844
-
72,700
15,262
-
50,031
21,252
-
4,331
4,982
-
-		 Unrestricted funds
Restricted
General
Designated
Funds
2023
2023
2023
£
£
£
108,844
-
72,700
15,262
-
50,031
21,252
-
4,331
4,982
-
-		 Unrestricted funds
Restricted
General
Designated
Funds
2023
2023
2023
£
£
£
108,844
-
72,700
15,262
-
50,031
21,252
-
4,331
4,982
-
-		 Endowment
Fund
Total
Total
2023
2023
2022
Restated
£
£
£
-
181,544
216,297
-
65,293
150,611
-
25,583
18,067
-
4,982
3,415
150,340 - 127,062 -
277,402
388,390
64,059
168,965		 -
35,000		 -
107,847		 -
64,059
33,313
2,167
313,979
277,603
233,024
(18,616)		 35,000
-		 107,847
-		 2,167
378,038
310,916
-
(18,616)
(704)
(101,300)
-		 (35,000)
-		 19,215
-		 (2,167)
(119,252)
76,770
-
-
-
(101,300)
438,515		 (35,000)
35,000		 19,215
41,322		 (2,167)
(119,252)
76,770
182,441
697,278
620,508
337,215 - 60,537 180,274
578,026
697,278

9

WALTHEW HOUSE 2017 BALANCE SHEET AS AT MARCH 31 2023

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		 2023
£
12,435
4,325
144,091		 2023
2022
Restated
£
£
221,393
207,737
429,130
12,817
230
242,195
255,242
14,279
148,896
578,026
337,215
60,537
180,274
578,026		 2022
Restated
£
230,594
225,721
456,315
240,963
160,851
11,955
697,278
473,515
41,322
182,441
697,278

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.

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 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:

And signed on their behalf by:

Christine McKenna - Chair

Company registration number 09306241

10

WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

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.

11

WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

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.

12

WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

Unrestricted
2 DONATIONS & LEGACIES
£
Revenue Grants:
Association former Man Utd players
1,000
Barnes Cotton Districts Charity
-
The Eric Wright Charitable Trust
10,000
The Francis Winham Foundation
-
Garfield Weston Foundation
-
GM Peer support Fund
-
Home Instead Bringing Joy Foundation
1,000
Inman Charity
-
The John Slater Foundation
5,750
Marsh Christian Trust
-
Postcode Lottery
-
UKH Foundation
-
Woodroffe Benton
-
The Zochonis Charitable Trust
-
17,750
Grants - COVID support
Arnold Clark
-
HMRC - CJRS
-
Home Instead Bringing Joy Foundation
-
John Slater Foundation
-
The Robert McAlpine foundation
-
Stockport MBC
-
Tesco bags of Help
-
The Zochonis Charitable Trust
-
-
Refurbishment/Capital Grants:
Beatrice Laing
-
The Dowager Countess Eleanor Peel Trust
Manchester Guardian Society
-
The Robert McAlpine Foundation
-
The Screwfix Foundation
-
W G Edwards Charity
-
The Wolfson Foundation
YBS Charitable Trust
-
-
Donations and legacies:
Donations
58,337
In memory from Atkinson family
-
Legacies
32,667
Access to work support
90
91,094
108,844		 Unrestricted
£		 2023
Restricted
£		 Total
£		 Unrestricted
£		 2022 Restated
Restricted
Total
£
£
1,000
-
10,000
-
-
-
1,000
-
5,750
-
-
-
-
-		 -
-
-
-
20,000
-
-
-
-
-
-
-
2,500
8,000		 1,000
-
10,000
-
20,000
-
1,000
-
5,750
-
-
-
2,500
8,000		 1,000
-
-
25,000
250
5,000
1,000
20,000
-
-
8,000		 -
1,000
-
-
5,000
5,000
-
25,000
-
250
-
5,000
-
1,000
-
20,000
-
-
-
-
-
8,000
5,000
65,250
-
1,000
-
-
-
-
-
2,500
-
-
-
3,565
-
-
-
-
-
7,065
-
-
-
-
-
-
-
-
-
-
1,500
1,500
-
-
1,135
1,135
2,635
2,635
-
26,779
-
54,000
-
60,118
-
450
-
141,347
7,635
216,297
17,750 30,500 48,250 60,250
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-		 1,000
-
-
2,500
-
3,565
-
-
- - - 7,065
2,000
5,000
3,500
10,000
5,000
-
16,700
-		 2,000
5,000
3,500
10,000
5,000
-
16,700
-		 -
-
-
-
-
-
-
-
- 42,200 42,200 -
58,337
-
32,667
90		 -
-
-
-		 58,337
-
32,667
90		 26,779
54,000
60,118
450
91,094 - 91,094 141,347
108,844 72,700 181,544 208,662

13

WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

Unrestricted
£
3 INCOME FROM CHARITABLE ACTIVITIES
Grants
GMCVO Inclusion Grant Deaf Support
-
Information service
Douglas Arter Foundation
-
GMCVO
-
Greater Manchester High Sheriff Police Trust
National Lottery Awards For All
-
SMBC - Community Champions
-
The Ardonagh Trust
-
The Ulverston Foundation
Will Charitable Trust
-
-
MMH:
Boshier Hinton Foundation
-
Bringing Joy Foundation
-
National Lottery Community Fund
-
-
Social Activities
Duchy Of Lancaster Benevolent Fund
-
The Charity Sevice Manchester and Salt
-
David Hopkins Foundation
-
Greater Manchester Walking Fund
-
Skelton Bounty
-
GM Moving Funding for Together
-
-
`
Youth Services:
Asda Foundation
-
Adamson Trust
-
ALA Green Charitable Trust
-
Birkdale Trust for Hearing Impaired
-
Casey Trust
-
Cash for Kids
-
Global Make Some Noise
-
Hays Travel Foundation
-
Hedley Foundation
-
John & Ann Slater Foundation
-
Skelton Charity
-
Toys Trust Grant
-
-
Other income
Resource Centre Income
7,419
Class Income/Subscriptions
5,899
Secondment of Chief Executive
-
Miscellaneous
1,944
15,262
15,262		 Unrestricted
£		 2023
Restricted
£		 Total
£		 Unrestricted
£		 2022 Restated
Restricted
Total
£
£
3,000 3,000 -
-
-
4,000
-
-
-
4,000
-		 -
-
4,000
-
-
-
4,000
-		 -
-
-
-
-
-
-
-
- 8,000 8,000 -
-
-
-		 -
-
-		 -
-
-		 -
-
-
- - - -
-
-
-
-
-
-		 4,000
1,000
1,500
4,330
2,000
4,701		 4,000
1,000
1,500
4,330
2,000
4,701		 -
-
-
-
-
-
- 17,531 17,531 -
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
1,500
2,000
10,000
6,000
-
-
-
2,000		 -
-
-
-
1,500
2,000
10,000
6,000
-
-
-
2,000		 -
-
-
-
-
-
-
-
-
-
-
-
- 21,500 21,500 -
7,419
5,899
-
1,944		 -
-
-
-
-		 7,419
5,899
-
1,944		 7,962
4,848
25,845
1,298
15,262 - 15,262 39,953
15,262 50,031 65,293 39,953

WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

Unrestricted
£
4 INCOME FROM OTHER TRADING ACTIVITIES
Fundraising
Walthew House
372
DC Day Centre
DC Sports and Social
Room Hire
20,881
21,252		 Unrestricted
£		 2023
Restricted
£		 Total
£		 Unrestricted
£		 2022 Restated
Restricted
Total
£
£
-
2,640
1,691
-		 372
10
2,640
-
1,691
-
20,881
14,423		 -
10
2,313
2,313
1,321
1,321
-
14,423
3,634
18,067
21,252 4,331 25,583
14,433

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
6 COSTS OF RAISING FUNDS
Fundraising Staff Costs
Investment Management Costs
Other fundraising costs
7 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		 3,569
1,413		 3,569
3,402
1,413
13		 -
-		 3,402
13
4,982 - 4,982
3,415		 - 3,415
36,458
2,937
24,664		 -
-
-		 36,458
23,320
2,937
3,417
24,664
6,576		 -
-
-		 23,320
3,417
6,576
64,059 - 64,059
33,313		 - 33,313
102,984
7,131
-
-
-
-
1,177
960
61,934
1,138
10,300
7,034
106,365
(95,058)		 -
-
7,598
3,024
2,168
-
-
-
-
-
-
-
2,167
-
95,058		 102,984
61,211
7,131
9,101
7,598
-
3,024
-
2,168
-
-
-
1,177
380
-
-
960
530
61,934
38,677
1,138
977
10,300
6,007
9,201
8,428
106,365
130,040
-
(77,817)		 -
-
7,469
2,234
1,500
-
-
8,882
-
-
-
-
2,167
-
77,817		 61,211
9,101
7,469
2,234
1,500
-
380
8,882
530
38,677
977
6,007
10,595
130,040
-
203,965 110,014 313,979
177,534		 100,069 277,603
107,847
2,167		 97,902
2,167
110,014 100,069

15

WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

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		 Fundraising
£		 2023
Charitable
£		 Total
£		 Fund
Raising
£		 Charitable
Total
£
£
2022 Restated
-
-
-
-		 63,727
8,121
2,952
19,599		 63,727
-
8,121
-
2,952
-
19,599
-		 91,438
91,438
7,606
7,606
-
-
24,186
24,186
123,230
123,230
5,124
5,124
1,686
1,686
6,810
6,810
130,040
130,040
- 94,399 94,399
-
-
-		 6,694
5,273		 6,694
-
5,273
-
- 11,967 11,967
-
- 106,365 106,365
-

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		 2023
2022 Restated
£
£
1,000
720
2,971
1,100
10,595
10,595
-
-
183,376
160,264
11,303
8,921
8,490
6,784
203,169
175,969

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.

Employment benefits principal staff
The average number of employees during the year was:
Fundraising
Charitable		 46,712 2023
FTE
Number
1
4		 50,669 2022
FTE
Number
1
4
2023
Number
1
7		 2022
Number
1
7
8 5 8 5
~~16~~

WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

11 TANGIBLE FIXED ASSETS
Freehold
Land &
Long life
Buildings
Assets
Cost
£
£
As at April 1 2022
229,247
46,654

Additions
-
-

Disposals
-
-

As at March 31 2023
229,247
46,654

Depreciation
As at April 1 2022
46,811
30,526

Charge for the year
2,167
2,336

As at March 31 2023
48,978
32,862
Net Book Value
As at March 31 2023
180,269
13,792
As At March 31 2022
182,436
16,128
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		 Fixtures &
Fittings
Deaf Centre
£
76,222
-		 Furniture &
Equipment
Total
£
£
170,263
522,386
-
-
-
170,263
522,386
139,488
291,792
4,521
9,201
144,009
300,993
26,254
221,393
30,775
230,594
2022 Restated
£
201,029
-
-
(704)
200,325
162,694
200,325
25,396
225,721
12,817
230
-
230
3,112
11,167
14,279
76,222
74,967
177
75,144
1,078
1,255
2023
£
200,325
9,252
(2,823)
(44,012)
162,742
162,694
188,138
19,599
207,737
12,435
2,375
1,950
4,325
3,158
8,797
11,955

17

WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

16 STATEMENT OF FUNDS

Gains &

STATEMENT OF FUNDS Gains &
01/04/2022
Restated
Unrestricted Funds:
£
General Fund
438,515
Designated funds:
Zochonis budget support
8,000
Hospital Information service
27,000
35,000
Total Unrestricted funds
473,515
Restricted Funds:
Core Funding 23/24
-
Older People
5,000
Deaf Centre Day Centre
9,426
Deaf Centre Sports & Social
7,771
Deaf Support
Information service
11,250
MMH
-
Youth Services
6,375
Refurbishment/capital works
1,500
Social Activities
-
41,322
Endowment Fund
Land and buildings
182,441
182,441
Total Funds
697,278
Restricted Funds are analysed as follows:
Core Funding Restricted to 23/24
Garfield Weston Foundation
-
Wordroffe Benton
-
The Zochonis Charitable Trust
-
-
Information service
Greater Manchester High Sheriff Police Trust
National Lottery Awards For All
4,250
The Ulverston Foundation
Will Charitable Trust
7,000
11,250
Refurbishment/Capital Works
Manchester Guardian
-
Beatrice Laing
-
The Dowager Countess Eleanor Peel Trust
The Robert McAlpine Foundation
-
The Screwfix Foundation
-
The Wolfson Foundation
-
W G Edwards Charity
1,500
1,500		 01/04/2022
Restated
£
438,515		 Income
£
150,340		 Expenditure
£
(233,024)		 losses
£
(18,616)		 Transfers
£
-		 31/03/2023
£
337,215
8,000
27,000		 -
-		 (8,000)
(27,000)		 -
-		 -
-		 -
-
35,000 - (35,000) - - -
473,515 150,340 (268,024) (18,616) - 337,215
-
5,000
9,426
7,771
11,250
-
6,375
1,500
-		 30500
-
2,640
1,691
3,000
8,000
-
21,500
42,200
17,531		 -
(5,000)
(3,024)
(2,168)
(1,000)
(17,250)
-
(26,875)
(43,700)
(8,830)		 -
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-		 30,500
-
9,042
7,294
2,000
2,000
-
1,000
-
8,701
41,322 127,062 (107,847) - - 60,537
182,441 - (2,167) - - 180,274
182,441 - (2,167) - - 180,274
697,278 277,402 (378,038) (18,616) - 578,026
20,000
2,500
8,000		 -
-
-		 -
-
-		 -
-
-		 20,000
2,500
8,000
- 30,500 - - - 30,500
4,000
-
4,000
-		 (2,000)
(4,250)
(4,000)
(7,000)		 -
-
-
-		 -
-
-
-		 2,000
-
-
-
11,250 8,000 (17,250) - - 2,000
3,500
2,000
5,000
10,000
5,000
16,700
-		 (3,500)
(2,000)
(5,000)
(10,000)
(5,000)
(16,700)
(1,500)		 -
-
-
-
-
-		 -
-
-
-
-
-		 -
-
-
-
-
-
-
1,500 42,200 (43,700) - - ~~18~~
-

WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

16 STATEMENT OF FUNDS (continued)

Social Activites
Duchy Of Lancaster Benevolent Fund
The Charity Sevice Manchester and Salt
David Hopkins Foundation
Greater Manchester Walking Fund
Skelton Bounty
GM Moving Funding for Together
Youth Services
Adamson Trust
Casey Trust
Cash for Kids
Global Make Some Noise
Hays Travel Foundation
John & Ann Slater Foundation
Toys Trust Grant
For the prior year
Unrestricted Funds:
General Fund
Designated funds:
Zochonis budget support
Hospital Information Service
Total Unrestricted funds
Restricted Funds:
Older People
Deaf Centre Day Centre
Deaf Centre Sports & Social
Information service
MMH
Refurbishment/capital works
Youth Club
Endowment Fund
Land and buildings
Total Funds		 01/04/2022
£
-
-
-
-		 Income
£
1,000

1,500

4,330

2,000

4,701

13,531

-
1,500
2,000
10,000
6,000
-
2,000		 Expenditure
£
(1,000)
(1,500)
(4,330)
(2,000)		 Gains &
losses
£
-
-
-
-
-		 Transfers
£
-
-
-
-
-		 31/03/2023
£
-
-
-
-
4,701
- (8,830) - - 4,701
1,000
2,000
-
3,375		 (1,000)
(2,500)
(2,000)
(10,000)
(6,000)
(3,375)
(2,000)		 -

-

-

-

-

Gains &
losses
£
(704)		 -
-
-
-		 -
1,000
-
-
-
-
-
6,375 21,500 (26,875) - 1,000
01/04/2021
£
419,439		 Income
£
266,463		 Expenditure
£
(210,847)		 Transfers
£
(35,836)
8,000
27,000		 31/03/2022
Restated
£
438,515
8,000
27,000
-
 - -
 35,000 35,000
419,439 266,463 (210,847) (704) (836) 473,515
-
9,347
7,114
-
-
-
-		 5,000
2,313
1,321
36,700
38,150
2,635
35,808		 -

(2,234)
(1,500)
(25,450)
(38,150)
(1,135)
(29,433)		 -
-
-
-
-
-
-		 -
-
836
-
-
-
-		 5,000
9,426
7,771
11,250
-
1,500
6,375
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) (704) - 697,278

19

WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2023

17 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS

Fund balances at March 31 2023 are represented by :-

Fund balances at March 31 2023 are represented by :-
Tangible fixed assets
Investments
Net Current Assets
Free reserves		 Unrestricted
General
designated
£
41,119
-
207,737
-
88,359
-		 Unrestricted
General
designated
£
41,119
-
207,737
-
88,359
-		 Restricted
£
-
-
60,537		 Endowment
£
180,274
-
-		 Total
£
221,393
207,737
148,896
337,215 - 60,537 180,274 578,026
296,096

Fund balances at March 31 2022 (Restated) are represented by :-

Tangible fixed assets
Investments
Net Current Assets		 48,153
225,721
164,641		 -
-
35,000		 -
-
41,322		 182,441
230,594
-
225,721
-
240,963
182,441
697,278
438,515 35,000 41,322

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 (2022 £Nil).

20 PRIOR YEAR ADJUSTMENT

In the 2021/22 accounts the total value of investments was overstated by £25,396 due to human error. The cash element of the investment portfolio was double counted. This led to the overstatment of the net gain on the value of investments and therefore the overstatement of profits and reserves. Below is the effect of the error/misstatement on note 12 to the accounts.

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		 2022
Restated
£
201,029
-
-
(704)
200,325
162,694
200,325
25,396
225,721		 2022 As
previously
reported
£
201,029
-
-
24,692
225,721
162,694
225,721
25,396
251,117

20