WALTHEW HOUSE 2017 ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025 Charyty number 1167749 Company number 09306241
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025 INDEX Adminimtive information Truscee5 annual report Auditors, reporE Statement of financrdl activities 10 Balance sheet Notes to the financial statements 12-26
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 TRUSTEES Mrs R Zimblert (Nee Ms R Foley.) Appointrd Chair 30th July 2024 Ms C McKenna Resigned 30° Juty 2024 Mr P Leake Co-opted chair to 30" July 2024, Resigned 31" December 2024 Mr G Drnper Ms P Lucas Co-QPted 31" March 2025 Ccwptad 31" March 2025 Ms G Hannan Co-opted February 2024, Appointed 30° Juty 2024 Mr B Turlef Resigned 30" Juty 2024 Ms J Woodwar CoOPted Febnjary 2024, appointed 30" July 2024 Visually impaired Deaflhard of heari Dual sensory105s* KEY STAFF Kay Kelly, Chief Execuuve Nik Noon< Chief Executive To 31" December 2024 From I" November 2024 REGISTERED OFFICE AND WaEthew House PRINCIPAL PLACE OF 112 SFAW Heath BUSINESS Stockport SK2 6QS INDEPENDETr EXAMINER Stacy Mason & ACCOUNTANTS HGA Accountants & Firthncial Consulrarrts Ltd tla ChÉrcenden Horley- chartered accountsnts Hyde Park House Hyde SK144EH
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025 BANKERS Royal Bank of Scodand Great Underbank Stockport SK I I LN INVESTMENT ADVISORS True Bearing Ltd. 2 Buckshaw Court Euxton Lane Chorley Lancashire PR7 6TE4
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 The trustees present their annu2[ report together with the financial statements of the charity for the year ended March 312025. REPORTING FRAMEWORK The financial ststements comply wtth the Charities Act 201 l. the Companies Art 2006. the Memorandum and Articles of Association. 2nd Accounting and Reporting by Chartties: Statement of RocommÈnded Prnctice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effecttve l January 2019). referred co as the Charrtles SORP (FRS 102) (second edirion - Occober 2019). OBJECTIVES AND ACTIVITIES Charitable objects The objects of the or?nisation ar&- To help people resident in the Metropolitan Borough of Srockport who are blind. Deaf or have a sight andlor hearing loss in such Wa as the Management Committee think5 f To support charitable organiThtions that promote the welfare of people with a sensory impairment in the same arei In shaping the charl$ objettives ftsr the year and planning activÉties. the trustses have considered the Chartty Commission's guidancq including the guidance on public benefiL Activities Wthew House Serves as an inclusiv< safe space to hundreds of people who are blind. deaf. hard of hearing. have sight or dual sensory losi We ass¥st with both one-off interventions and long-term suppor¢ providing i wide range of practical 2nd emotional support includinf. Information Services in accessible formats (British Sign Language. large prinL audio and Braille). including a help desk at Walthew Hous< information events and bulletinslnewsletters A not-for-profit equipment resource centre demonstrating and selling assiscive technoloiy. QuaEified independent a¢fvocacy for people with sighr andlor hearing los& supporting equity of acces5 to services. Coun5elling Services and therapeutic groupwork for people with sight loss. Soci21 attivttie5 Catrring Specifical for each client group for exampl& o A youth club ft)r children with sight andlor hearing loss. during term time. with additional events at weekends 2nd during school holidiys. o A luncheon club with guest speakers and perfomiers 2n arts and crafts group" Chair-based exercise classes- Deaf Day Centre group: Deaf SporES and Social Club. Hard of Hearing group. handbell ringing cla55: Steel band and our BSL Sign Choir. o Community based actyvtues includir)g trdck-based and communTty-based walking groups. walking wth a sighted guide and ocwional dzytrtps. Raising awareness of the supporE needs of people wtth Sight andlor hearing loss through the development of new training programmes. Room hire for organisations working in the field of sensory losy, A permanent base and recording studio for Stockport Talking Newspaper AssocTation- and courses and serwces in partnership with other organisations.
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 ACHIEVEMENTS AND PERFORMANCE Our service dara highlights for the 202415 year includ& The resource centre responded to 504 requests for advice and information. Our advocatrs provided +18 sessions of 5uppofL Our social groups logged 2769 connecuons made. Our raising awarene55 and training benefitted hursdreds of people This year saw the mobilisation and delivery of our landmark'see Hear - Access All Area5, project The project provides advocacy to individuals to support equitable access to healthcare and other services. alongside training of Sensory loss awareness, particularly deaf awareness training, 2nd support for professionals to improve practice in relation co treatment of patsents with hearing or sight loss. Responding to evidenced need 2 key component of the See Hear project is advocacy 5uppofL Walthew House now employs a multi-disciplinary team. including three level 2 qualified advocates 2nd one trainee advocate. Two members of the aM (one hearing. one deafj are competent British Sign Language (BSL) user5. Our advocates support clients with wide ranng needs includin¥. Health. housing, employmenE benefits and financial issues. Often service users present with multiple is5ue5. that exacerbate each other 50 for example acce5S to benefits and heajthcare exacerbated by lack of digi inclusion on governmental and healthcare websites. Our pracDce-based experience tells u5 that once a trusted relationship is buil[ clients access the service on an ongoing basis for supporo and it is noc uncommon for advocacy clients to be long term. Alongside the practical 5uppon we recognise the imporr3nce of therapeutic support and were delighted to receive funding co deliver our Eye2Eye group counselling programme. The funding paid for four 6-week group counselling programmes facilitated by our specialist sight loss counsellor and supported by guest speaker5 With relevant personal experience. Over 35 individua15 living with sight loss took parL Building on the success of the 'What Deaf People Want. research and the resultant See Hear project we undertook a 'VIIVisually Impaired) Need5 A55e55menc' led by our Chair of trustee5. We are delighted to have secured funding for the Vl I:[ pilot projeo aiming to provide personalised one-on-one support specifically for individuais with sight loss through A befriending scheme. Our work continued to evidence that our communities are encountering services that are not acce55ible and inclusive. Walthew House has focussed its effort5 on raising awarene55 and the provision of training to combat the barrier5 our communities face includirsg.. Tailored deaf awarene5S training has been delivered to healthcare providers, including care and nursing 1)OFne5, comtnunity group5 and other charities. Two short courses 'Making the most of your Hearing. and 'Making the m05t of what you can See,, are open to people with sight andlor hearing loss. family members and carers and professionals who work with people with sensory loss. The charity ha5 offered an eight-week Introduction to Brttish Sign Language (BSL) course for around two years but from September 2024 ha5 a150 registered as a centre to ceach sign language classes to levels one and two. Two Level One course5 (awarded by signature), one dayrime. one eyening, st3rted in September. and from January 2025 a Level 2 course will be available.
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 At the he2rt of Walthew House continues co be the wide rdnge of social, sporting and group attivities led by. and for our communitie& These rernn hugety popular 2nd play 2 vir21 role in promoting health, wellbeing, social connetttvity and independence. The activtties can be of 2 social nature and delNered Dn a weekly basÈs for exampl4 the luncheon club or an inY[d speciaIism i.e. Pottery classes. The aitvities a150 recognise and respond to specific issues our communities might face in the area so for example disruption to transport in the area as a result of the Greek street engineering works. Alongside the Watthew House delivered programme of activities we a also proud of the role our centre pIays as a vitat commun¥ty hub just two examples being we are home to Stockport Talking Newspaper Association and the Stockporc Macular Society has held their monthly meetings at Watthew House for over 15 years. As reported in 2024 the Trustee5 recogni5ed the irnportznce of having people with lived experience of sight andlor hearing loss at the highest level Supports the effective governance of the charity. We have delivered on this commitmenL With at the time of writing this reportl of the board of Trustees have sight andlor hearing loss. FINANCIAL REVIEW Overview Income increased from £247k in 2024 to £350k in 2025. Principal funding sources Walthew House was funded principally through charitable grnn Charttable acEiVÈties (Including grants from trusts) - 41 % Donationslmembershipslsubscriptionslrevenue grantsAegacies- 415% Income generation {room hirelresource centre) - 145% Inve5rmÈnt income- 1.99% InvÈstmÈnt polÉcy and review The trustees shall retain suffioent fund5 on deposir to satisfy short tsrm (nexr 10 months) needs. The trutres shall t3ke invesTment advice from an appropriate qualified and experienced investrnent adviser. The trustses have considered their atEitude to risk and have chosen a risk level of 34 { see below for definition) on a scale of l -10 where l is secure 2nd 10 is aggressive. The trustees will avoid afty investments that corrflitt with the aim of the charity. Any underperformance is accepted by the trustees. The charw wtll only invest in markets that are dosely regulated and compensation scheme5 are in place; will have a suttably diverstfied 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 ar least every 6 months. Walthew House recognise5 tts responsibility to comply with all relnt legislation. Trustees will regularly review policies in the light of changes to legislation and amend the charity's prattices accordingly. *Definrtion of 34- A level of rtsk in an investmenr in whidj the return should be better thon that avoiloble fmm G high street dePosY( tsccount but where the Yolue of the investment will fuu cs weu as T1 The investor would feel uncomfortable rf the investrnents were fiw to iyse ond ft7U in value ropidty. Reserves
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025 The Charity aim5 to hold up fo Cwelye months expenditure in free reserve5 (unrestricted funds not invesced in fixed assets or otherwise designated) because of the uncertainty over income in future periods. The chariry's free reserves at the year*nd were £309,956. Leaving a free reserves of jusc under 12 months. FUTURE PLANS Building on the success of the What Deaf People Want, research and the resultant See Hear project we undertook a Vl(Visually Impaired) Needs AssessmenL 2025 will see us mobili5ing and delivering the 'VI I: I. pilot projeffj which will provide personali5ed one-to-one 5uppofE specifically for individuals with sight1055 through a befriending scheme. Service users will receive support that is fully cu5tomised to meet their unique needs to enhance quality of life and foscer greater independence. Walthew House will continue to implement its commitment to lived experience at the heart of service delivery and developmenL We will undertake co-prodLFCtion exercises with our service users, staff, volunteers, board and communitie5 to ensure we are con5istrntly delivering against the chariry's core value5- Responsive.. Providing accessible information and advocacy supporL helping to prevent challenges becoming crises o Responding flexibty to evofving need Effective= o Early intervenuon including support for children and young people and their families through regular Social opportuniues and accessible information and advocacy 5uppofG and through continued partnership with other local service proyiders. and in parcicular healthcare providers Outreach - including sight and hearing loss awareness trdining. and. following the charity's comprehensive equity. diversiry and inclusivity review. a more targeted approach to difficult to reach groups and individua15. and an approach that doesn't marginali5e others Supportive: Ongoing support to empower people, and sustsin initiative5 and group5 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 user5 Trusted- o Understanding that the quality of the service provided must be exemplary in order to maintain the chariry s reputation as a 'one stop shop for anyone needing speciali5c help with sight or hearing loss o Being recognised both locally and acros5 Greater Manchescer a5 a reliable source of crusted information on sensory loss. o Publishing annual impatt reporLS which transparently demonstrate the impact of our services and how funds have been effectively utilised. Walthew House wll continue to strengthen governance practices and ensure both paid 2nd voluntary team members are supported in their role5. so we are delivering best-in-class services that are responsive to our service users, needs.
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025 STRUCTURE GOVERNANCE AND MANAGEMENT Governing document The charity is a company limited by guarnntee governed by rts Memorandum and Articles of Associarion daTrd November 112014. It is 2 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, whith is 2 linked charity under a linking direction issued by the Charicy Comrnis5ion on October 16 2017. At this point all the trustees of the linked charity stood dowrL The trustees of Walthew House consisted of the same people as listed on page one and Messrs. R Anderson and R Godwin. Walthew House originally registered 3s StDckport Instttuts for the Blind. the Deaf and the Durr2b, (registered number 215469): the charity was governed by an indernire dated June 8 1881 amended by Charity Commission Schemes dated Juty 4 1961 and October 15 1974. The charity changed its name to Walthew House in 2009. Membership The only members of WaEthew House 2017 are the trustees. A550ciate membership is open to any person paying an annLAI subscription of £ l O. Appointment of trustees TrueS are appointed by the board of trustees at their meettng5. Once a year af a meeting of the trustees called for the purpos& one quarter of the trustees retire by roration being those longest in office but are eligible for re-election. The frue$ who served during the year. together with any charges are listed on page l. Trustee Induction and training Trustees receive a full inducrion and training appropriatr to the role. Organisation The chartry must have no more than eight and no fewer than three trustee& Trustees must meet at least ice each year. In pracrice. trustees meet bi-monthly and de5ignats at least one meeung each year where consultation with visually impaired. deaf and hard of hearing members and service users is facilÈtatsd. The day-to-day Fnanagement of the charity 15 delegated to the Chief Executive Officer. Co-operation with other organisation51charities WaEthew House works in partnership with other specialist charFties working in the field of sensory 10s5. including other loc21, region21 and national charities 5UPPOrting people wtth sight or hearing loss, and with other tsrganisations, including Stockport MBC and Stockport NHS Foundation Trust. TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The trustees are responsible for preparing the TrusEees Annual Report and the financtal sr3tements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom GeneT7Jly Accepted Accounting Practice). Company Jaw requires the trustees ro prepare financial strMentS for each financial year, which glve a true and fair view of the srats of affairs of the charit2ble company and of the incoming resourcÈs and application of resources. includtng the incorne and expenditure. of the charitable company for that period. In preparing these financial statements, the trustees are required to:
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025 selett suirable accounting policies 2nd then appty them consisrently- observe the methods and principles in the Charitie5 SORP (FRS 102) (second edition 2019); October make judgements and estimates that are reasonable and prudenL state whether applicable UK Accounting Standard5 have been followed. Subject to any materi departures disclosed and explairsed in the financial 5tatements- prepare the financial statements on the going concern basis unless li is inappropriate to presume that the charirable company will concinue in operation. The trusTres are responsible for keeping adequate accounting record5 that disc105e 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 deCtiOn of fraud and other irregularities. APPROVAL Approved by the Board of Trustees and Signed on its behalf br. Mr5 R Zimbler- Chair Date: IigkJ,{ S
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL ¥fATEMENTS FOR THE YEAR ENDED MARCH 312025 I report to the charity trustees on my examination of the accounts of the company for the year er)ded March 31 2025 which are set out on pages 8 to 18. Responsibilities and basis of report As the charity trustees of the company (and also its direttors for the purposes of company law) you are SponSIble for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Cthe 2006 Acy). Having Satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examination, I report in spect 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 confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accountin9 records were not kept in respect of the company as required by section 386 of the 2006 ACL; or 2. the accounts do not accord with those records. or 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 aChed. Stacy Mason FCCA For and on behalf of: HGA Accountants & Financial Consultants t/a Chittenden Horley Chartered Accountants:Charity Speciallsts Hyde Park House Cartwright Street Hyde, SK14 4EH Date: 3010912025
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025 STATEMEKf OF FITrIANCIAL ACTp4mES {IludI the Income and expendiknre aecountl F( THE YEAR ENDED MARCH 312025 Vnr•strl¢ted ndS Restrtcted Endorynent Notes General Designated Funds 2025 2025 2025 Fund Total ToLIl 2025 INCOME 136.764 11117 131.158 2.434 148.881 7Q934 143,727 130.882 50,915 32,402 6,983 7,153 350,506 247,371 12. 48.481 Invexwt IrKor TOTAL INCOME 204.797 145.7(YJ EXPENDtnJRE Cost ot tthjs 31.539 31,539 283.383 4376 233.880 1f2.585 118.631 2,167 TOTAL EXPENDrruRE 194.124 118.631 2,167 314,922 268256 11 pns i Oossesl on vestswts 12 4.153 4.153 5.407 NET INCOME I IEXPENDtTURE) BEFQRE TRANSFERS 14,826 27,078 12.167) 39.737 {15A781 NET MOVEMEKf IN FUNDS 13.826 28.078 111671 39,737 11 $,478) TOTAL FUNDS BROUGTrtr FORWARD 328.618 178.107 562.548 57&026 TOTAL FUNDS CARRIED FORWARD 342.444 83.901 175.940 601285 561458 io
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 BALANCE SHEEr FOR THE YEAR ENDEI MARCH 31 2025 2025 2025 2024 Tangibl Assets InvÈstrneftts 11 214035 179.829 12 183.189 391597 CURRENT ASSErs 13 13.589 Debtors 14 Cash at 88nk and in HarKI 205.491 221.643 159.243 f7&471 CREDrroRS Amounts tslitng due tn one year 1S 10.95S 9.787 210.688 168.684 NAsSET$ FUNDS 16 8.618 55.823 178.107 16 83.901 175XI 16 The incorne. expenolture and gn1C6Ses on investments are those of the linked charilywajthew House. The notes on pages 12 to 25 fom Dfthese finani>aJ staiements. These fiftanc1 staiements have been wepar9d ir% accordanco wrEh the PT0Vl0nS applicable to companies subject to the smdl conpanies regime. For the year ending March 31 2025. the company was efite to exemption from audit under sttcbon 4Tr of the Companies AGt 20Q6 rekiing to small companies and no notice has been dewgted under sedion 476 requiring the CCmpany lo obtain an audit of its accounts for the year in question. DiTectors' responsibtlitles The EreCtorS acknowledge their re¥Jonsitrtlilies for wrTWying th th& requirements of the Act wrth respect io 2LYounting records art the preparation of accounts. Approved by the Board and authorised for issue on- And signed on their behalt by- bi"f,b' Mrs R Jmbler- Chair l&fT li
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 Company registration number 09306241 1 ACCOUNTING POLICIES The lollowng aceountiTrg policie5 have been aprJi&J ¢[S1StentIY in dealing ilems, vthich are considered material in relation to the charity's financ(al staiemenis. Basls ot prepardtion The financial statements have been Prepar.. under Ihe historic cost convenlFon". in ac£oT¢Yance with the Statement of Recommen(Sed Practice - Accounting and Repofling by Charilies pfepanng their accounts in accordance with the Financral Aeporting Standard arplicable in the UK and Reputslic ol IreIar IFRS3021 effective January 1 2019 15econd edition - October 20191., FRS102,' and the Companies Act 2006. The ac¢ounfs are prepar&J in £ sterting, which 15 the fvnCti0n ctjrrency. I the aciivits"es, income. expendilure. nel assets and funds indLthd in th8s¥ acujunts are thosg ol the linked charity Wthew House arKI in accorda Charity SORP one set ol arUnts is preswted irKluding the activities and funds ol the linked chartty. The charTty conslitutes a pubbc benefit enb.ty as defir58d by FRS102. Income Total Incorniro RescKJrces as shown n the Slatent of Finaal Actmbes repentS the net amounts from all SOU5. Income Is rec(MJni5ed in the accountiThJ peii(NJ in vthich tt is re1vable. except in the folloMr¥J Circumstan5. when the income 15 deferred and induded in cre0iTors= The income relales lo a future accounting perio(1 A sales invOe has been raised 3hea(l ol the work beirKJ carrred out and the charity is not ntraCtUallY entilkd to the income unts'l the work has been done Not all the terms and condibons of the grant have tren mel. tlUCIlg the iUrTing ol expenditure and the oranl conditions are such that unsFeni grant mLSSt be reftJn¢Jed. Income indL5d8s gr3nts in respect of rÈ¥pni. and capital items. Incomo re¢ognltlon l incorne is recognised once the charity has eniiilement to the IrOme, it is probable that the income will be received and the amount of income receivable can be measured reliably. The lollomng applies to partular types ol income.. Grants, whether ol a capital or revenue natu, are recogni5&I when the chanty has enttNe(nenl lo the knnds. any Ferformance conditions have been rnet and il is protsaole Ihai the income wll receNed. Ggneral donations from IliVI[1ua[S arKI Olher bJdies (not being of the nature of a grant) are recJ)gnised when receivable. Deferred Income Income is only deferred and inelLkled in creditors vthen: The income relates to a ftjture accountsng per A SeS invo¢e has been raised ahead of the work teirvJ carried out there 15 no conlractual enlitlernent to the income until the work has bn done Nol all the teims and condit%)ll5 of the grant have been m. iluding Ihe iUr[1ng of expendilure and th8 grant condilions e such that unsFenl granl must L* refunded Expendlture and Irreeoverabl• VAT Expenditure is recognised once there is a legal or conslructNe obllgation to make a paymerrt to a third pany, il is probable that the settlement will be required and the amount of the obltyjatson can be measured relRbly. ExpeThJilure is classrfrt under ltte tollowng activity headings.. Costs of rasing funds duding those associaled Vlith fundraising activittes and investment management cost. Charitable activities costs of undenaking the woth ol th8 charity. The charity is not regislered lor VAT and cannol recover any inptst lax chargoj. Costs are staled indussve ol VAT were charged. 12
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED MARCH 312025 1 ACCOUNllNG POLICIES (contlnued) PgnsÉon Fund The Charty rn2kes employees contnbutions of SY. of gross payto the in(fvKluat pension funds of ernyoyees. provided these are matched by 5Vo of gross pay contiibutiDns by te employees. These are all money purchase schemes. Tanglble fixed assets and deprecialion Single asset purchases. not foming part of a relatsd seriuus of transactions. costiig than £l.000 are 01 capitslised, blrt are written oy as a revenue expense in the year of aCqIsition. DepreCiatTr is pmwikd to write off trie cost less the estirnaled r&sit1ual value oftangible fLxed assets by equai instthents over their estimated LEeful eojnomic Itves as follows: BuildÉngs Frxtures EquÉpment Fumiture Restrrted PToject assets 6.6Tr/a or over the lrfe of the project Investments. gains and losses Fixed asset investrnents are a fom af basie ffinanc instrument and are inailY recorded at their traw¢tyorL vJue 8nd subsequently rneasured at thwr fwr value as at thè Wan sheet date vsiTrJ the dosing quoled markel pr[(. The SOFA includes the net gwns and itssses artsing on revaluation and on thsposth throLEghouttr year. The investments are Trdeniffied within the portsclio as specifie holdings of shares. unst trusts and bonds las well as cash). However Pènnine Wealth Solotions Iwilh who Ihe portknlio is invested! makes tradiro d&S1onS for a range of dienig and the SeS and purchases a)bu[able to the CA)ty are part of larger transactN)ns. Subsequently there arè rnany morg sales and ¢Yisposals than would normally be expected for this srie of holding 2nd the twstees do not rtsider it io be pwtical or cost effective Ic) calculate the IncfNUal realised gains and losses on transactions. the caryng cost of disFK)saJ& Therefore disposals are shown at net sale prd$ rather than at carrying vdue. The net gain or loss on waluation is c2kulaLed or] ihe thffereft betsveen Ihe openrjg market vue as adjLlSted lor disrosais at nèt prooeed vaiue and additions at cost cx)mpated to the ¢losirYJ market vdue. The resulting gain or loss charged to the Stslement of Financid Acbvrties in the yèar. sto¢ks Stocks of goods for re$e are valued at the lower of ¢osr or n Isable value. The cosl of handicfaft goots made by Members for resal& and held ai the balance sheet date are nol iJKlud&l in the balan sheet. Financial instruments The charity has only bas fina> ins1rurnents which are lti[Y re0)ed * cosL and vAth the eXphon of invesbnents las set out above) subs@quenly measured at their sewemern vaJ[. Judgements and key Sources ot esthnation uncertainty The prepara:KJn ol the fnanool statements reqreS managemeni to rrHke judgements, [MateS and assumptions that affect the amounts reported. These estimates and judgements are tontinually reWed and are based on experiènce and other factors, includoig expectations of fulure events that 3Je believed to be reaswable undèr the ¢ircumstan¢es. Cashflow Statement Advantage i% taken of the exemptions allowed in the SOFIP forsrnall charthes rt to prepare a cashfh)w statement. 13
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025 2025 2024 2 DONATIONS & LEGACIES Revenuo Grants: Asscr of Fcymer Utd Playets Tnjst FUTKJ 1,000 2.202 2,202 The Eric WrbJM Ctable Trst G8rW WeStc Fourxjation l M¢ Some Noise 11.(XKI 11,(M)O 20.(W]O 5,MO The John Slater F(xJrxJalion 6.250 25.()0 3.250 3.250 Lkyts Bank Found8tsryi Marsh Fund 25.000 Er Wrigtrrt CtsritaiAe Trvsi- Cck%t of LNing Crisis GM Mcr0ft Group P051G¢)de Community Trusl 4.IXJO I,soo 2S.000 40,000 40,LN)O 500 25.IH)O 1.250 The Zc4knis Charilable Tnt 8,000 41.552 110.OCrfJ 114,000 33.552 Refvrbishmentlcapltal Grarts: Beatrice LairrfJ Trust 2.000 3SO 350 Manthester r)rt Comrnunty TnJst FuThJ The Manehe5ter Guar(fian Swety Rank Fwndalion- Pebble Grant 1.617 3,400 750 1.617 3.400 750 8,117 .117 Donations and legacie5: 26.764 26.764 34.621 34.621 500 261 261 26,764 26.764 35,382 136.764 12.117 148.881 68.934 8,000 76,934 14
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL ¥fATEMENTS FOR THE YEAR ENDED MARCH 312025 3 NCOME FROU CHARrrABLE ACTivmES A6¥0CYandlnfOrnl21lan sem Boshier4inton Four]datton CRH Charitable Tnt CT Hays Mdrtyre Dt)uglas Arter F(yJndali The Eric Wrigtt ComrnuntyTrust The Dowager Cwntsss EteanorPeet Tru GKqCVO 7.01)) 10.0 1QiNXI National Lottery Avrards ForAtI NHS Charities Tcgether St2gecoach Communty Fund Ulveiston Foundation lo.ot .912 10,IJI)O 30,912 62.163 61163 WO street 71.913 T113 71,959 n.9 SoriolActivifres The Ctwity Seui C{p U£xal ccrfnmty Fvnd Fwst Central SeN cMUnty Forevèr Manchester John LewE 10 3.651 165q He Instead Wright haIlable Trust-C4XStc L79 Qisis GM The Johri Laing Chants£ Tn 750 7511 1.(M]O Stoclport MBC Warm Spa( iootfr 11.201 15
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 2025 2024 Total Vl 1-1 Project millionai Streei ¢knt Fund 19.700 10.( ia.sjo 40.200 19.TNI 10.000 10.51MJ 40200 The Will Charilable TFUSt Youth S•rvi¢•s." ALA Gefi charl13b Trust Asda Foundatb)n 3.825 600 Birkdale TrL1 for Hearing IMlre Cfrop Li4 Community Fur Ford Britain Trnst 1.143 1.143 500 500 1.000 Hedlty FLndatIDn Peak District Natal Park Fwrthtw)n R¢YJen FoundalK Isoo 490 490 10.orxj 10.000 The seph & Ann Stater MUrla1 Fund 700 700 600 1.000 Toys Trust Vemtrj BuildiryJ kn.ety 650 13.995 13,99S 16.493 16.493 Other income Resource Cntre Incorne 386 8.309 8.309 S.908 14.012 28.229 6.025 6.025 158 5.908 14.012 158 12.$69 12.569 28.229 12.569 131.158 143.727 28.229 16,493 130 882 4 INCOME FROM OTHER TRADWG ACT[VlEs Fundraising Walthew Hous8 10 10 DC Day Centre 1.248 1.248 1.176 29,968 1.$42 1.542 31.757 16.724 50,915 1.176 Hire 31.757 29.968 Walthew House TraIj Ctyjrses 16.724 48.481 29.978 2.424 32.402 FundTai5iry inujrnes incltjdes Fwies rawd from events such as tthe top sales. tiirw an¢J the sale of football caids as wdl as Ihe Sa of donated good5 and merchandise PLKthased for rese 18.9. pens. 8$leT$. 8tc.l. 5 INVESTMENT INCOME Income from Jisted inveslrnents 1.425 1.425 5.558 4.337 4.337 2,816 7.153 Bank interest 5.558 2.816 6.983 6,9B3 7.153 16
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED MARCH 312025 6 COSTS OF RAISING FLINDS Fundraisirt9 Staff Costs 6.089 40 10.312 1652 21.412 If>52 21A12 4376 23210 31.&49 Salary Cts ResoLY¢e Centr¢ costs Counselling 91.IX)7 10.181 91.007 111.181 12T 121 122 22 7.138 7,138 DC D2y Centre DC Sports and sla1 Otherditeci e¢£ts 1176 1015 117G m Happen Newsletter 4S,575 44.196 916 44196 916 S11 Volunteer expens Youth GrcvJ 591 7.156 1(.825 (104.8111 104811 162.585 12).798 233x3 1167 6.978 107.188 I1479} 116.921 1167 145 Support and govern8r costs AItCXed to rethcted fund& to95 IOY.1B 1(&479 116 959 233.880 Rericte¢l Funijs 118.1 2.167 120.798 114.792 1167 116.959 8 SUPPORT & GOVERNANCE COSTS SupportC4>sts 66.149 8.710 6Q149 4710 Insvran Trdifttng &414 2.IS4 22.6t4 98.719 1154 21614 9&719 98.1(6 94106 Professltsnal Fees 5.707 3275 707 3.375 11.106 11.106 TO9. 109m5 107,f88 107,188 17
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025 2025 2024 Total Fund RaisinB Chaftiabl• Tot 9 INCOMING RESOURCES AFfER TRANSFERS Thts is stated after tharging I Icredilir*J Lxxyjntsnl I Iepeent ExamuWs fees: Rerori AccouniaTrcy lindwJ¥Jg charges yearl 2025 2024 2176 9.145 9.201 DirectNs' remunerat & In5. eXFSe$ 10 STAFF COSTS a. Staff Costs &Lqries and wages "al serity costs Pension Co51$ 148,353 8.385 1XI.212 4.831 &896 161634 5.061 I.104 Key Management Personn The key managemenl Fersomd compTW the trustees arwj Ihe prNicwl slaff & set out C ge 1. The trustees do Trjt 61763 40.537 2025 2025 2024 2024 Numb Numter Number FUThIr Charitable 18
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 Butlding5 As at April 1 2024 Addstsor Dtspr)saLs As at Marcly 31 2025 9247 46.654 76222 170.664 522.787 3.716 &716 7Q222 174,380 Str.503 As zt Aprll 1 2024 C>rarge for the year 51.14S 2.16T 35.198 2336 751 177 147.088 308.7S2 9.323 As at March 31 2025 53.312 37.534 75.498 151.731 31&075 Net Book Value As at March 31 202S 17535 9.120 724 21649 208 As At March 31 2024 17&102 11.456 23.576 2f4.02S 16at29 23.061 Y8&138 Addtbons at cost D¢sposa]s Net gain5 1 Oo5ses) IAarket valu¢ tsrried forvArd 23.OSI C5Z77n 4153 1&3.829 Htstorfc Co# 161694 YS2694 f63.8 15.999 179.8 ioso 183.169 13STOCKS Y3.$89 14 DEBTORS ITO Rryindirvj 15 CREDrroRS fajllng dve one year SocFal swjrity and other wes 2077 T.710 71 RounrfIr 10.955 19
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312025 16 STATEMENT OF FUNDS Gaifts & 01104r2024 Incom• Exp•ndttur• losses Trnn5f•rs 31103r2025 Unr•strict•d Fund5: General Fund 328.618 204.797 {194.124) 4.153 ij.cooi 342.444 D&vIered funds." Total Vnrestrlcted funds 328.618 204.797 1194.1241 4.153 11.0001 342.444 Restricted Funds: C(e Fundjng 24125 Deaf Centre Day Ceritre Deaf Centre Sport5 & £tal 112.000) 11.6561 11.995) 173.7021 16.2501 18.1171 14.8611 110.0501 {118.6311 8.114 7,3S0 7.002 6.455 1.542 1.0( 2T,643 71.913 25.854 12,49S Youlh Services 4.750 13.995 ReJishMenuc8tsl Works 8.117 5.050 1,050 30.150 Vl 1-1 Project 40.2CKJ 55.823 145.709 1.O¢J) 83.901 Endowrnent Fund Land and buildings 178. 107 12.167) 12.1671 175,940 175.940 178. IOT Total Fund¥ 562 518 4.153 602.285 Restrict•d Funds are analy58d as follows- Core Funding R8stricted to 24Q5 Eric Wnght CharrtatrAe TnJst- Cost of Lmng Cnsis GM The ZLKhun CharrtaLle Trust 14.000} 18.OCM)} 112.0001 Advo¢acy and Infornjation s•r¥ic• Boshier- N'nton Foundation 1.250 11.2501 I6,0) CRH tharitab Trust Q¥ant CT Hays Mclntyre Dwgks Arter Fndation The Er Wrighi Charilabbe Tntst The Omger Countess Eleanor Peel Tru NHS Charitses Together Ulvescroft Foundatbon 13.500} 14.0(Kl} 156.452} 12.5WI 173,702) 4.0 20. 143 62.163 25.854 27.643 71.913 25.8S4 Refurt*ishm•nl/Capital Works 8eat1Tr LaTrwJ Trust Independerte * Hune 12.¢J))I 13501 3SO Fund The Manchester Guardkin Souety Rk Foundation- Pebbje GBrrt 1.617 11.617} 13.4(K)) 17501 8.117 3.41x1 750 8.117 20
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 16 STATEMENT OF FUNDS (COTrtinuedJ SO31Actes The Ch2rtty Servi Rrst Central Serv Communlty Grdnt The John Latng Charitable Tnjst Eric Wright Charftabte TnJst- Costof Lmng Crisis GM 3JbQO 7x1 561 (&$1) (1.000) (4.861) Vl 1.1 Proj The Natiorol Lott Commnrty Fund The Rcthrt Macalptne Fcrtmdatton The Will Chatilable TrLL8t 19.7(Kl 4Qt))O 10.5LIQ (4525) Iw)) {2. (lo50} 77S 7.50rJ 7,5 30.150 40.21)0 AL4 Green ChaTitabte Trust (SCQ) I1.> Ford BrRain Tiust Peak Distrt¢tNational Park Fourl10Th The Robert klcAlpine Fourxjation The Joseph and Ann Skter Merr Fund Toy Tr&Jsi The Clrtritable TrLLSt 4.750 (4.750) 700 3,000 1480 11495 4.480 13.995 4.750 (6250) 21
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 For th• priory?ar Gains & 0110412023 Irwme EYpvwltU¢ losses Trarb5fw5 3110VI024 Unrestrided Funds: General Fund 337.215 137.294 (151.298) 5.407 328.618 Desats fvnd& Total Unrnstricted funds 337.275 137.294 {151.2981 5.407 328.61B Restricted Funds: Core Funding 2J24 C)e Centre Day Centre Deal Centre SporLs & Sory"al Deaf SupFort NWCY and Infoffnaiw seN 130.500} 12.1761 12.015) 12.Cl)01 157.5661 112.743) 8.000 8.114 6,45S 9.042 1248 1.176 7.294 13.250 71.959 27,643 4,750 16,493 RefurbishrrienVe8Pital works 8.701 11.201 119.0411 1114.7911 861 60.53T 110.077 55.823 Endoyrnient Fund Land and buildings 180.274 12.1671 12.1671 178,107 178.107 180.274 Totsl Funds 578.026 247.371 1259.111 5.407 S62.548 Reslri¢ted Fund5 are analysed as follows: Core Fundiiii Restricted to 2W24 Garfie We5tM FcxJndaik)n 120.0001 12.500) 18.000) (30.5001 WordroFfe Benton The Zochonis Charilabk Trust 8.000 8.000 8,000 8,000 30.500 8.0(M) 8oshioT Hinton 1.725 {1,725) 17.(KKJI 11.¢Y)01 16.500} CT Hays Mclntyre DougL8s Arter Foundation The Eric Wright Community Trust The DLwageT Countess Eleanor Ped T GMCVO 10.000 3,500 4,000 1.322 11.3221 I2.0) 114.2501 110.7691 11,(XlQl 15,CQOI 17.0001 157.5661 Gtr Manchester High SherTlf Police Trust NatKJnal Lottery Awards For AJI NHS Charits Together StageaCh Communtty Fund WQ street 2.C4)0 4.250 10.oc 33.912 20.143 Will CharitatAe Trust 13.250 71.959 27.643 22
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025 Gaons & Co-op Uocat Communty Furtd Datt Flopkins Fo¥JrKlat 3.651 {4651) Greater MaTKhesterWalking Fund John Lew H¢)me Irtstead Thè John Laing Chaffithe Tntst skniton BoEJnty (1.OOOJ (T50) (439} 561 300 Lkport M3C W*rm Spaces GM Moviry Fwtdllig forTogether 4.701 14.701 (15.0411 4.701 11.201 Asda Foundalion ALA GerI Charilabte Trust eirkdale Trustfor Hwing lfflpaired Asda Fourdation Birkd81è Twstf¢r Heariig ImFqiIEd CaseyTrust Hedtey F(xdatiOn Robert MeApne FOundan John &Ann Statermemoftal Tntst (600) 11.143) (1.QlXI) 1.143 10.000 (5250) (fgjo) 4.750 Tes(£s UK GroundworkTrust Vemon Bull ding SoLYety {1.(W) 1650) (12.743) 16.493 7SO 17AMALYSIS OF COMPANY hlET ASSETS BEP•VEEN FUNDS Fund bal$ at Marth 31225•$ ptt)y:_ Tan9ble fsx&J assets Investments 175.940 208A28 183.169 210.688 175.940 602285 183.169 126.787 342.444 83.1 Tangl1& fixed at$ Inv&strn8nls 35.928 1T&107 2t4035 179.v 168.684 178.107 K548 f79. flZ86Y 328.618 Net Current Assels S1823 55,823 690 23
WALTHEW HOUSE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED MARCH 312025 18 TAXATION The company a r4istered drity and is entided to th"m annual exemp1K from UK CorroralirM Ta 19 CAPAL cOMMITMErS There were no capital commibnents auttsjrised cryitrdcted fly at the end of Ihe year12024 £Nill. 24