## **WALTHEW HOUSE 2017**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
## **FOR**
**THE YEAR ENDED MARCH 31 2024**
**Charity number** 1167749 **Company number** 09306241
## **WALTHEW HOUSE 2017 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
## **INDEX**
|Administrative information|1|
|---|---|
|Trustees’ annual report|2 – 7|
|Auditors’ report|8|
|Statement of financial activities|9|
|Balance sheet|10|
|Notes to the financial statements|11 – 22|
**WALTHEW HOUSE 2017 ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED MARCH 31 2024**
## **TRUSTEES**
Ms C McKenna Chair to January 2024 Mr P Leake* Co-opted chair from January 2024 Ms L O’Brien Treasurer Mr D Bond Resigned December 2023 Ms J Battye*** Resigned October 2023 Ms R Foley* Appointed October 2023 Ms G Hannan** Co-opted February 2024 Leon Hobson* Co-opted February 2024 Ms R Kaiser Resigned December 2023 June Meadowcroft Resigned November 2023 Mr B Turley** Ms J Woodward** Co-opted February 2024 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** Stacey Mason **& 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 Epworth Investment Management Limited 9 Bonhill Street London EC2A 4PE **INVESTMENT ADVISORS** True Bearing Ltd. 2 Buckshaw Court Euxton Lane Chorley Lancashire PR7 6TE4
1
**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2024**
The trustees present their annual report together with the financial statements of the charity for the year ended March 31 2024.
## **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 a help desk at Walthew House, information events and bulletins/newsletters
- 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: weekly coffee morning, 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 one-off activities and events
- Community based activities including: track-based and community based walking groups, walking with a sighted guide, 10 pin bowling and occasional daytrips.
- Qualified independent advocacy for people with sight and/or hearing loss, supporting equity of access to services
- Counselling services and facilitated group support for people with sight loss
- Sensory loss awareness training, lip-reading and (non-examined) British Sign Language training
2
**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2024**
- 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.
Directly, and working with partners, Walthew House supports more than 400 people each week, including people with sight or hearing loss, their carers, and professionals working with people with sensory. The charity relies on the support of over 80 trained volunteers who contribute 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**
Walthew House has taken time over the past 18 months to reflect on changes in the needs of its beneficiary groups post-pandemic and in a challenging economic environment, to ensure that existing support and new services continue to meet the needs of service users and clients.
Advocacy support, helping to ensure equitable access to services, has, through both service data and consultation with people with sight and/or hearing loss been identified as a major continuing priority. Two part-time qualified independent advocates work predominantly with sign language users, and two other staff members have upskilled, gaining qualifications in advocacy to better support our work with people with sight loss.
For people with hearing loss, equitable access to healthcare services is a priority concern, and in response, Walthew House is bolstering advocacy services, providing hearing loss awareness training for professionals and a new Deaf First Responder service for Sign Language (BSL) users and frontline healthcare professionals, supporting prompt effective treatment in emergency situations. The development work is funded for two years by a grant from NHS Charities Together.
Consultation with visually impaired people has also highlighted the continuing importance of social contact and access to activities that are accessible to people with sight loss. Walthew House continues to provide a wide range of centre and community based social and sporting opportunities, which are well attended, with some service users also commenting that rises in fuel bills mean that regularly being able to access a ‘warm space’ and low-cost or free activities is a help with the rising cost of living.
In a challenging funding environment, which has shown a decrease in the charity’s income, partnership working continues to play an important role in ensuring continuity of support. The Hospital Information Service established and supported by the charity for two and a half years in the eye clinics at Stepping Hill Hospital has now been incorporated into the hospital’s own services; the ‘What Deaf People Want’ consultation, working in partnership with Bolton Deaf Society and Manchester Deaf Centre, has progressed with support from an Inclusion grant from GMCVO; new volunteers have been welcomed, including students from Seashell Trust; and long established partnership working with Stockport Council’s sensory service, Stockport Talking Newspaper Association, the Stockport branch of the Macular Society, and others, helps to ensure that help is readily available.
Trustees have recognised that input from people who have lived experience of sight and/or hearing loss at the highest level supports the effective governance of the charity. Paul Leake, who is blind and who has served three times as chair since 2003, returned to the role in January this year and has led the active recruitment of trustees with sight and or hearing loss.
3
**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2024**
## **FINANCIAL REVIEW**
## **Overview**
Income decreased from £277k in 2023 to £247k in 2024. 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) – 53% Donations/memberships/subscriptions/revenue grants/legacies – 31% Income generation (room hire/resource centre) – 13% Investment income – 3%
## **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.
_*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 £293K. The core budget for 2024/5 is for £296K of expenditure, leaving a free reserves of just under 12 months.
## **FUTURE PLANS**
Consultation with beneficiary groups has provided a firm basis for service planning in the coming 18 months to two years. A two-year grant from NHS Charities Together will support key service delivery during this time, and a two-year core grant from the Garfield Weston Foundation will lend both security and flexibility.
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 co-ordinated service which is comprehensive, dynamic, and actively inclusive, in line with the charity’s core values:
4
**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2024**
- 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 continued partnership with other local service providers, and in particular healthcare providers
- Outreach - including sight and hearing loss awareness training, and, following the charity’s comprehensive equity, diversity and inclusivity review, a more targeted approach to difficult to reach groups and individuals, and an approach that doesn’t marginalise others
- 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.
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.
## **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.
5
**WALTHEW HOUSE 2017 TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2024**
## **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 2024**
## **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:
- 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:
## _Paul Leake_
Paul Leake - Chair
Date: 5[th] July 2024
7
## **WALTHEW HOUSE 2017 STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED MARCH 31 2024**
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 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.
**Stacey Mason BA FCA DChA**
For and on behalf of: HGA Accountants & Financial Consultants t/a Chittenden Horley Chartered Accountants:Charity Specialists
Hyde Park House Cartwright Street 26/07/2024 SK14 4EH Date:
8
**WALTHEW HOUSE 2017 STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED MARCH 31 2024**
|[Grab your reader’s attention with a great
quote from the document or use this
space to emphasize a key point. To place
this text box anywhere on the page, just
drag it.]
**Unrestricted funds**
**Restricted**
**Notes**
**General**
**Designated**
**Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**INCOME**
Donations
2
68,934
-
8,000
Charitable Activities
3
31,229
-
99,653
Other Trading Activities
4
29,978
-
2,424
Investment Income
5
7,153
-
-
**TOTAL INCOME**
137,294
-
110,077
**EXPENDITURE**
Cost of raising funds
6
34,376
-
-
Charitable Activities
7
116,922
-
114,791
**TOTAL EXPENDITURE**
151,298
-
114,791
Net gains / (losses) on
investments
12
5,407
-
-
**NET INCOME /**
**(EXPENDITURE) BEFORE**
**TRANSFERS**
(8,597)
-
(4,714)
Transfers between funds
-
-
-
**NET MOVEMENT IN FUNDS**
(8,597)
0
(4,714)
**TOTAL FUNDS BROUGHT**
**FORWARD**
337,215
-
60,537
**TOTAL FUNDS CARRIED**
**FORWARD**
328,618
-
55,823|[Grab your reader’s attention with a great
quote from the document or use this
space to emphasize a key point. To place
this text box anywhere on the page, just
drag it.]
**Unrestricted funds**
**Restricted**
**Notes**
**General**
**Designated**
**Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
2
68,934
-
8,000
|[Grab your reader’s attention with a great
quote from the document or use this
space to emphasize a key point. To place
this text box anywhere on the page, just
drag it.]
**Unrestricted funds**
**Restricted**
**Notes**
**General**
**Designated**
**Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
2
68,934
-
8,000
|[Grab your reader’s attention with a great
quote from the document or use this
space to emphasize a key point. To place
this text box anywhere on the page, just
drag it.]
**Unrestricted funds**
**Restricted**
**Notes**
**General**
**Designated**
**Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
2
68,934
-
8,000
|[Grab your reader’s attention with a great
quote from the document or use this
space to emphasize a key point. To place
this text box anywhere on the page, just
drag it.]
**Unrestricted funds**
**Restricted**
**Notes**
**General**
**Designated**
**Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
2
68,934
-
8,000
|
**En**|
|---|---|---|---|---|---|
|||31,229
29,978
7,153|-
-
-|99,653
2,424
-||
|||137,294|-|110,077||
|||34,376
116,922|-
-|-
114,791||
|||151,298
5,407|-
-|114,791
-||
|||(8,597)
-|-
-|(4,714)
-||
|||(8,597)
337,215|0
-|(4,714)
60,537||
|||328,618|-|55,823||
|||||||
9
## **WALTHEW HOUSE 2017 BALANCE SHEET AS AT MARCH 31 2024**
|**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|**2024**
**£**
13,589
5,639
159,243|**2024**
**2023**
**2023**
**£**
**£**
**£**
214,035
221,393
179,829
207,737
393,864
429,130
12,435
4,325
144,091
160,851
11,955
168,684
148,896
562,548
578,026
328,618
337,215
55,823
60,537
178,107
180,274
562,548
578,026|
|---|---|---|
||178,471
9,787||
||||
The income, expenditure and gains/losses on investments are those of the linked charity Walthew House.
The notes on pages 11 to 22 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 11 to 22 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:**
## _Paul Leake_
## **Paul Leake - Chair**
Company registration number 09306241
10
## **WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
## **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.
11
## **WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
## **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 2024**
|**Unrestricted**
**2 DONATIONS & LEGACIES**
**£**
**Revenue Grants:**
Association former Man Utd players
1,000
The Charity Services Castlefield Fund
2,202
The Charity Services TCSPT
-
Barnes Cotton Districts Charity
-
The Eric Wright Charitable Trust
-
The Francis Winham Foundation
-
Garfield Weston Foundation
-
GM Peer support Fund
-
Home Instead Bringing Joy Foundation
-
Inman Charity
-
The John Slater Trust
3,250
Marsh Fund
600
Moorcroft Group
1,500
Postcode Lottery
25,000
UKH Foundation
-
Woodroffe Benton
-
The Zochonis Charitable Trust
-
33,552
**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
-
The Wolfson Foundation
-
**Donations and legacies:**
Donations
34,621
In memory from Atkinson family
-
Legacies
500
Access to work support
261
35,382
68,934|||||**2023**
**Restricted**
**Total**
**£**
**£**
-
**1,000**
-
**-**
**10,000**
-
**-**
20,000
**20,000**
-
**-**
**1,000**
-
**-**
**5,750**
-
**-**
-
**-**
-
**-**
-
**-**
2,500
**2,500**
8,000
**8,000**
30,500
**48,250**
-
**-**
-
**-**
-
**-**
-
**-**
-
**-**
-
**-**
-
**-**
-
**-**
-
**-**
2,000
**2,000**
5,000
**5,000**
3,500
**3,500**
10,000
**10,000**
5,000
**5,000**
16,700
**16,700**
42,200
**42,200**
-
**58,337**
-
**-**
-
**32,667**
-
**90**
-
**91,094**
72,700
**181,544**|
|---|---|---|---|---|---|
||**Unrestricted**
**£**|**2024**
**Restricted**
**£**|**Total**
**£**|**Unrestricted**
**£**|**2023**
**Restricted**
**Total**
**£**
**£**|
||1,000
2,202
-
-
-
-
-
-
-
-
3,250
600
1,500
25,000
-
-
-|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,000|**1,000**
**2,202**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**3,250**
**600**
**1,500**
**25,000**
**-**
**-**
**8,000**|1,000
-
-
10,000
-
-
-
1,000
-
5,750
-
-
-
-
-
-||
||33,552|8,000|**41,552**|17,750||
||-
-
-
-
-
-
-
-|-
-
-
-
-
-
-
-|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|-
-
-
-
-
-
-
-||
||-|-|**-**|-||
|||-
-
-
-
-
-|**-**
**-**
**-**
**-**
**-**
**-**|-
-
-
-
-
-||
||-|-|**-**|-||
||34,621
-
500
261|-
-
-
-|**34,621**
**-**
**500**
**261**|58,337
-
32,667
90||
||35,382|-|**35,382**|91,094||
||68,934|8,000|**76,934**|108,844||
|||||||
13
## **WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
|**Unrestricted**
**£**
**3 INCOME FROM CHARITABLE ACTIVITIES**
**Grants**
GMCVO Inclusion Grant Deaf Support
_-_
_Advocacy and Information service_
Boshier Hinton
CT Hays McIntyre
Douglas Arter Foundation
-
The Eric Wright Community Trust
The Dowager Countess Eleanor Peel Trust
GMCVO
-
Gtr Manchester High Sheriff Police Trust
-
National Lottery Awards For All
-
Stagecoach Community Fund
-
SMBC - Community Champions
-
The Ardonagh Trust
-
The Ulverston Foundation
-
Will Charitable Trust
-
WO street
-
-
_Deaf First Responer_
NHS Charities Together
-
-
_Social Activities_
Duchy Of Lancaster Benevolent Fund
_-_
The Charity Sevice TCSPT
3,000
Co-op Llocal Community Fund
_-_
David Hopkins Foundation
_-_
Forever Manchester
_-_
Greater Manchester Walking Fund
_-_
John Lewis
_-_
Home Instead
_-_
The John Laing Charitable Trust
_-_
Skelton Bounty
_-_
Stockport Hydro
_-_
Stockport MBC Warm Spaces
_-_
GM Moving Funding for Together
_-_
3,000|||||**2023**
**Restricted**
**Total**
**£**
**£**
3,000
**3,000**
-
**_-_**
-
**_-_**
-
**_-_**
-
**_-_**
-
**_-_**
-
**_-_**
_4,000_
**_4,000_**
-
**_-_**
-
**_-_**
-
**_-_**
4,000
**_4,000_**
-
**_-_**
-
**_-_**
8,000
**8,000**
-
**_-_**
-
**-**
4,000
**4,000**
1,000
**1,000**
-
**-**
1,500
**1,500**
**-**
4,330
**4,330**
-
**-**
-
**-**
-
**-**
2,000
**2,000**
-
**-**
-
**-**
4,701
**4,701**
17,531
**17,531**|
|---|---|---|---|---|---|
||**Unrestricted**
**£**|**2024**
**Restricted**
**£**|**Total**
**£**|**Unrestricted**
**£**|**2023**
**Restricted**
**Total**
**£**
**£**|
|||-|**-**|_-_||
|||1,725
7,000
1,000
10,000
4,000
1,322
-
10,000
1,000
-
-
-
-
5,000|**1,725**
**7,000**
**1,000**
**10,000**
**4,000**
**1,322**
**-**
**10,000**
**1,000**
**-**
**-**
**-**
**-**
**5,000**|-
-
-
-
-
-
_-_
-
-
-
-
-
-||
||-|41,047|**41,047**|-||
||-|30,912|**30,912**|-||
||-|30,912|**30,912**|-||
||_-_
3,000
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|-
-
3,651
-
2,500
-
1,000
750
1,000
-
300
2,000
-|**-**
**3,000**
**3,651**
**-**
**2,500**
**-**
**1,000**
**750**
**1,000**
**-**
**300**
**2,000**
**-**|_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_||
||3,000|11,201|**14,201**|-||
|||||||
14
## **WALTHEW HOUSE 2017**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
|**Unrestricted**
**£**
**`**
**_Youth Services:_**
Asda Foundation
_-_
Birkdale Trust for Hearing Impaired
_-_
Casey Trust
_-_
Cash for Kids
_-_
Global Make Some Noise
_-_
Hays Travel Foundation
_-_
Hedley Foundation
_-_
Robert Foundation
John & Ann Slater Memorial Trust
_-_
Tesco UK Groundwork Trust
_-_
Toys Trust Grant
_-_
Vernon Building Society
-
**Other income**
Resource Centre Income
8,309
Class Income/Subscriptions
5,908
Secondment of Chief Executive
-
Miscellaneous
14,012
28,229
28,229
**4 INCOME FROM OTHER TRADING ACTIVITIES**
**_Fundraising_**
Walthew House
10
DC Day Centre
DC Sports and Social
Room Hire
29,968
29,978|**Unrestricted**
**£**|**2024**
**Restricted**
**£**|**Total**
**£**|**Unrestricted**
**£**|**2023**
**Restricted**
**Total**
**£**
**£**|
|---|---|---|---|---|---|
||_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|600
1,143
-
-
-
-
2,500
10,000
600
1,000
-
650|**600**
**1,143**
**-**
**-**
**-**
**-**
**2,500**
**10,000**
**600**
**1,000**
**-**
**650**|_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|-
**-**
-
**-**
1,500
**1,500**
2,000
**2,000**
10,000
**10,000**
6,000
**6,000**
-
**-**
-
**-**
-
**-**
2,000
**2,000**|
||-|16,493|**16,493**|-|21,500
**21,500**|
||8,309
5,908
-
14,012|_-_
_-_
_-_
_-_
-|**8,309**
**5,908**
**-**
**14,012**|7,419
5,899
-
1,944|-
**7,419**
-
**5,899**
-
**-**
-
**1,944**|
||28,229|-|**28,229**|15,262|-
**15,262**|
||28,229|99,653|**130,882**|15,262|50,031
**65,293**|
|||-
1,248
1,176
-|**10**
**1,248**
**1,176**
**29,968**|372
-
-
20,880|-
**372**
2,640
**2,640**
1,691
**1,691**
-
**20,880**|
||29,978|2,424|**32,402**|21,252|4,331
**25,583**|
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|4,337
2,816||**4,337**
3,569
**2,816**
1,413|-
**3,569**
-
**1,413**|
|---|---|---|---|---|
||7,153|-|**7,153**
4,982|-
**4,982**|
||10,312
2,652
21,412|-
-
-|**10,312**
36,458
**2,652**
2,937
**21,412**
24,664|-
**36,458**
-
**2,937**
-
**24,664**|
||34,376|-|**34,376**
64,059|-
**64,059**|
15
**WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
|**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
**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_**|**Unrestricted**
**£**|**2024**
**Restricted**
**£**|**Total**
**£**|**Unrestricted**
**£**|**2023**
**Restricted**
**Total**
**£**
**£**|
|---|---|---|---|---|---|
||53,644
6,121
-
-
-
-
846
-
44,196
916
3,511
6,978
107,188
(106,479)|-
-
4,122
2,176
2,015
-
-
-
-
-
-
-
2,167
-
106,479|53,644
102,984
**6,121**
7,131
**4,122**
-
**2,176**
-
**2,015**
-
**-**
-
**846**
1,177
**-**
-
**-**
960
**44,196**
61,934
**916**
1,138
**3,511**
10,300
**9,145**
7,034
**107,188**
106,364
**-**
(95,058)||-
**102,984**
-
**7,131**
7,598
**7,598**
3,024
**3,024**
2,168
**2,168**
-
**-**
-
**1,177**
-
**-**
-
**960**
-
**61,934**
-
**1,138**
-
**10,300**
2,167
**9,201**
-
**106,364**
95,058
**-**|
||116,922|116,958|**233,880**
203,964||110,015
**313,979**|
||-
-
-
-|114,791
2,167|**66,149**
-
**8,710**
-
**960**
-
**22,287**
-||107,848
2,167
110,015
63,727
**63,727**
8,121
**8,121**
2,952
**2,952**
19,597
**19,597**|
|||116,958||||
|||66,149
8,710
960
22,287||||
||-|98,107|**98,107**
-||94,397
**94,397**|
||-
-|5,707
3,375|**5,707**
-
**3,375**
-||6,694
**6,694**
5,273
**5,273**|
||-|9,082|**9,082**
-||11,967
**11,967**|
||-|107,188|**107,188**
-||106,364
**106,364**|
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.
16
**WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
|**2024**
**Fundraising**
**Charitable**
**£**
**£**
**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|**2024**
**Fundraising**
**Charitable**
**£**
**£**|**Total**
**£**|**Fund**
**Raising**
**Charitable**
**Total**
**£**
**£**
**£**
**2023**|
|---|---|---|---|
|||**2024**
**2023**
**£**
**£**
**1,000**
_1,000_
**2,176**
_2,971_
**9,201**
_10,595_
**-**
_-_
**120,212**
_183,376_
**4,831**
_11,303_
**5,061**
_8,490_
**130,105**
_203,169_||
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|**40,537**|**2024**
FTE
Number
**-**
**3**|_46,712_
**2023**
**2023**
Number
FTE
Number
_1_
_1_
_7_
_4_|
|---|---|---|---|
||**2024**
Number
**-**
**7**|||
||**7**|**3**|_8_
_5_|
17
**WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
|**11 TANGIBLE FIXED ASSETS**
**Freehold**
**Land &**
**Buildings**
**Cost**
£
As at April 1 2023
229,247
Additions
-
Disposals
-
As at March 31 2024
229,247
**Depreciation**
As at April 1 2023
48,978
Charge for the year
2,167
Disposals
-
As at March 31 2024
51,145
**Net Book Value**
As at March 31 2024
**178,102**
As At March 31 2023
_180,269_
**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**
Accounts receivable
Prepayments, Accrued Income & other debtors
Rounding
**15 CREDITORS falling due within one year**
Social security and other taxes
Accruals|**Freehold**
**Land &**
**Buildings**
£
229,247
-
-|**Long life**
**Assets**
£
46,654
-
-|**Fixtures &**
**Fittings**
**Deaf Centre **
£
76,222
-|**Furniture &**
**Equipment**
**Total**
£
£
170,263
522,386
2,335
2,335
(1,934)
(1,934)
170,664
522,787
144,009
300,993
4,465
9,145
(1,386)
(1,386)
147,088
308,752
**23,576**
**214,035**
_26,254_
_221,393_
**2023**
**£**
_200,325_
_9,252_
_(2,823)_
_(18,616)_
_188,138_
_162,694_
_188,138_
_19,599_
_207,737_
_12,435_
_2,375_
_1,950_
_-_
_4,325_
_3,158_
_8,797_
_11,955_|
|---|---|---|---|---|
||229,247|46,654|76,222||
||48,978
2,167
-|32,862
2,336
-|75,144
177||
||51,145|35,198|75,321||
||**178,102**|**11,456**|**901**||
||_180,269_|_13,792_|_1,078_||
||||**2024**
**£**
**188,138**
**23,061**
**(52,777)**
**5,407**||
||||**163,830**||
||||**162,694**||
||||**163,830**
**15,999**||
||||**179,829**||
||||**13,589**||
||||**170**
**5,468**
**1**||
||||**5,639**||
||||**2,077**
**7,710**||
||||**9,787**||
||||||
18
**WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
|**16 STATEMENT OF FUNDS**
**01/04/2023**
**Unrestricted Funds:**
**£**
General Fund
_337,215_
_Designated funds:_
Zochonis budget support
_-_
Hospital Information service
_-_
-
**Total Unrestricted funds**
_337,215_
**Restricted Funds:**
Core Funding 23/24
30,500
Older People
_-_
Deaf Centre Day Centre
_9,042_
Deaf Centre Sports & Social
_7,294_
Deaf Support
_2,000_
Advocacy and Information service
_2,000_
Deaf First Responder
_-_
Youth Services
_1,000_
Refurbishment/capital works
_-_
Social Activities
_8,701_
_60,537_
**Endowment Fund**
Land and buildings
_180,274_
_180,274_
**Total Funds**
_578,026_
**Restricted Funds are analysed as follows:**
_Core Funding Restricted to 23/24_
Garfield Weston Foundation
_20,000_
Wordroffe Benton
_2,500_
The Zochonis Charitable Trust
_8,000_
_30,500_
_Advocacy and Information service_
Boshier Hinton
CT Hays McIntyre
Douglas Arter Foundation
-
The Eric Wright Community Trust
-
The Dowager Countess Eleanor Peel Tru
-
GMCVO
-
Gtr Manchester High Sheriff Police Trust
2,000
National Lottery Awards For All
4,250
Stagecoach Community Fund
-
WO street
-
Will Charitable Trust
_7,000_
13,250|**01/04/2023**
**£**
_337,215_|**Income**
**£**
137,294|**Expenditure**
**£**
(151,298)|**Gains &**
**losses**
**£**
5,407|**Transfers**
**31/03/2024**
**£**
**£**
-
**328,618**|
|---|---|---|---|---|---|
||_-_
_-_|-
-|-
-|-
-|-
**-**
-
**-**|
||-|-|-|-|-
**-**|
||_337,215_|137,294|(151,298)|5,407|-
**328,618**|
||30,500
_-_
_9,042_
_7,294_
_2,000_
_2,000_
_-_
_1,000_
_-_
_8,701_|8,000
-
1,248
1,176
-
41,047
30,912
16,493
-
11,201|(30,500)
-
(2,176)
(2,015)
(2,000)
(35,547)
(10,769)
(12,743)
-
(19,041)|-
-
-
-
-
-
-
-|-
**8,000**
-
**-**
-
**8,114**
-
**6,455**
**-**
-
**7,500**
-
**20,143**
-
**4,750**
-
**-**
**861**|
||_60,537_|_110,077_|_(114,791)_|-|-
**55,823**|
||_180,274_|-|(2,167)|-|-
**178,107**|
||_180,274_|-|(2,167)|-|-
**178,107**|
||_578,026_|247,371|(268,256)|5,407|-
**562,548**|
|||-
-
8,000|(20,000)
(2,500)
(8,000)|-
-
-|-
**-**
-
**-**
-
**8,000**|
||_30,500_|8,000|(30,500)|-|-
**8,000**|
|||1,725
7,000
1,000
10,000
4,000
1,322
-
10,000
1,000
5,000
-|(1,725)
(7,000)
(1,000)
(6,500)
-
(1,322)
(2,000)
(14,250)
(1,000)
(5,000)
(7,000)|-
-
-
-
-
-
_-_
-
-
_-_|-
**_-_**
-
**_-_**
-
**_-_**
-
**_3,500_**
-
**_4,000_**
-
**_-_**
_-_
**_-_**
-
**_-_**
-
**_-_**
_-_
**-**|
||13,250|41,047|(46,797)|-|-
**7,500**|
## _**Refurbishment/Capital Works**_
Manchester Guardian
_-_ - - _- -_ **-**
19
**WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
## **16 STATEMENT OF FUNDS (continued)**
|**_Social Activites_**
Co-op Llocal Community Fund
David Hopkins Foundation
Forever Manchester
Greater Manchester Walking Fund
John Lewis
Home Instead
The John Laing Charitable Trust
Skelton Bounty
Stockport Hydro
Stockport MBC Warm Spaces
GM Moving Funding for Together
**_Deaf First Responer_**
NHS Charities Together
**_Youth Services_**
Asda Foundation
Birkdale Trust for Hearing Impaired
Casey Trust
Hedley Foundation
Robert McAlpine Foundation
John & Ann Slater Memorial Trust
Skelton Charity
Tesco UK Groundwork Trust
Vernon Building Society|**01/04/2023**
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_4,701_|**Income**
3,651
-
2,500
-
1,000
750
1,000
-
300
2,000
-|**Expenditure**
**(3,651)**
**-**
**(2,500)**
**-**
**(1,000)**
**(750)**
**(439)**
**-**
**-**
**(2,000)**
(4,701)|**Gains &**
**losses**
_-_|**Transfers**
**31/03/2024**
**-**
**-**
**-**
**-**
**-**
**-**
**561**
**-**
**300**
**-**
_-_
**-**|
|---|---|---|---|---|---|
||_4,701_|11,201|(15,041)|-|-
**861**|
||-|30,912|**(10,769)**|-|**_20,143_**|
||-|30,912|**(10,769)**|-|-
**20,143**|
||_-_
_-_
_1,000_
_-_
_-_
_-_
_-_|600
1,143
2,500
10,000
600
-
1,000
650|(600)
(1,143)
(1,000)
(2,500)
(5,250)
(600)
-
(1,000)
(650)|_-_
_-_
_-_
_-_
_-_
_-_
_-_|**-**
**-**
_-_
**-**
_-_
**-**
_-_
**4,750**
_-_
**-**
_-_
**-**
_-_
**-**
_-_
**-**|
||_1,000_|_16,493_|_(12,743)_|-|-
**4,750**|
20
## **WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
|**_For the prior year_**
**Unrestricted Funds:**
General Fund
_Designated funds:_
Zochonis budget support
Hospital Information Service
**Total Unrestricted funds**
**Restricted Funds:**
Core Funding 23/24
Older People
Deaf Centre Day Centre
Deaf Centre Sports & Social
Deaf Support
Information service
MMH
Refurbishment/capital works
Social Activities
Youth Services
**Endowment Fund**
Land and buildings
**Total Funds**||**01/04/2022**
**£**
_438,515_
_8,000_
_27,000_||**Income**
**£**
_150,340_|**Expenditure**
**£**
_(233,024)_
_(8,000)_
_(27,000)_|**Expenditure**
**£**
_(233,024)_
_(8,000)_
_(27,000)_||**Gains &**
**losses**
**£**
_(18,616)_||**Transfers**
**£**
_-_
_-_
_-_|**31/03/2023**
**£**
_337,215_
_-_
_-_|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||_35,000_||_-_||_(35,000)_||||_-_|_-_|
|||||||||||||
|||_473,515_||_150,340_||_(268,024)_||_(18,616)_||_-_|_337,215_|
|||_5,000_
_9,426_
_7,771_
_-_
_11,250_
_-_
_1,500_
_-_
_6,375_||_30,500_
_-_
_2,640_
_1,691_
_3,000_
_8,000_
_-_
_42,200_
_17,531_
_21,500_||_-_
_(5,000)_
_(3,024)_
_(2,168)_
_(1,000)_
_(17,250)_
_-_
_(43,700)_
_(8,830)_
_(26,875)_||_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_||_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|_30,500_
_-_
_9,042_
_7,294_
_2,000_
_2,000_
_-_
_-_
_8,701_
_1,000_|
|||_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_|
## **17 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS**
|_Fund balances at March 31 2023 are represented by :_
Tangible fixed assets
Investments
Net Current Assets
Free reserves|_-_
**Unrestricted**
**General**
**designated**
**£**
35,928
-
179,829
-
112,861
-|_-_
**Unrestricted**
**General**
**designated**
**£**
35,928
-
179,829
-
112,861
-|**Restricted **
**£**
-
-
55,823|**Endowment**
**Total**
**£**
**£**
178,107
**214,035**
-
**179,829**
-
**168,684**|
|---|---|---|---|---|
||328,618|-|55,823|178,107
**562,548**|
||**292,690**||||
_Fund balances at March 31 2022 (Restated) are represented by :-_
|Tangible fixed assets
Investments
Net Current Assets|_48,153_
_207,737_
_164,641_|_-_
_-_
_35,000_|_-_
_-_
_41,322_|_182,441_
**_230,594_**
_-_
**_207,737_**
_-_
**_240,963_**|
|---|---|---|---|---|
||_420,531_|_35,000_|_41,322_|_182,441_
**_679,294_**|
21
**WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2024**
## **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 (2023 £Nil).
22