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2022-09-30-accounts

Charity no. 1174564

Walk21 Foundation

Report and Unaudited Financial Statements

30 September 2022

Walk21 Foundation

Reference and administrative details

For theyear ended 30 September 2022 For theyear ended 30 September 2022
Charity number 1174564
Registered office and 24 Moorend Road
operational address Cheltenham
GL53 0HD
Trustees Trustees who served during the year and up to the date of this
report were as follows:
Heather Allen
Kristie Daniel
Salvador Herrera
James Littlewood
Celia Wade-Brown
Chief executive officer Bronwen Thornton
Bankers HSBC
2 The Promenade
Cheltenham
GL50 1LS
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2022

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management

Walk21 Foundation is a Charitable Incorporated Organisation (CIO) governed by its constitution.

Trustees are appointed in accordance with the constitution. They confirm their understanding and agreement with the values of the charity. Trustees are recruited with the aim of achieving a broad range of specialist knowledge, skills and experience to provide governance and legal responsibility for the organisation.

The Trustees meet during the year by remote access. Trustees are supported by an Advisory Council and an informal group of Associates of Walk21. Daily management of the Foundation is by Access Associates Ltd, which provides the secretariat and chief executive functions.

Objectives and activities

The purposes of the charity are set out in the constitution. The objects of the CIO are, for the benefit of the general public in the UK and internationally:

This is the fifth Annual Report for Walk21 Foundation following registration as a Charity on 7 September 2017. As the world continues to adjust to the Covid19 pandemic, this has been a productive year, with continuing strong projects and diverse income sources and a shift in approach to the annual International Conference.

The Trustees have had regard for the Charity’s Commission guidance on public benefit. The Foundation has delivered public benefit through a suite of activities undertaken during the year, including:

▪Advocating for walking to decision-makers around the world;

Achievements and performance

The main achievements for the Walk21 Foundation during this year include:

2

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2022

Further information about some of these initiatives is provided below:

1. Walk21 Global Network

Walk21 connects a global network of over 5,000 people and organisations who share our mission. We have achieved this through a monthly e-newsletter, social media posts, maintaining a website and responding to individual requests for information and support.

Our most active social media is Twitter and we create about 500,000 impressions each year with about 300 tweets. Twitter followers increased from 4,500 to 4,900 during the year, with the conference and international events as key moments of activity and user engagement.

We also reach our network through Facebook, Linked In and Instagram and the monthly newsletter. The monthly newsletter shares stories from the network and Walk21 as well as key items of interest from around the world. On average each newsletter is opened 700 times.

2. Advocacy for Walking

Walk21 was present at events throughout the year to advocate for walking across a range of agendas that address the Walk21 Foundation charitable objectives, including: public health; safer city streets; equity and mobility; climate action; and economic wellbeing. Highlights include:

Date Event Contribution
Oct-21 Prague Pedestrian Congress Invited speaker
Nov-21 COP26 GLASGOW Invited speaker
Nov-21 Tomorrows Mobility,Barcelona Invited speaker
Dec-21 UN General AssemblyPreparation Meeting Invited speaker
Feb-22 PlenaryPanellist TT Invited speaker
May-22 International Transport Forum(ITF)Official Side Event Invited speaker
May-22 Get Ireland Walking- Cork Ireland Invited speaker
Jun-22 UN Environment Kigali Forum Invited speaker

In addition, Walk21 contributed to a range of resource developments and initiatives, to provide input and ensure walking was well captured within the project. These include:

3. Walkability.APP

With funding from ALSTOM Foundation we were able to further develop the tool for use by women in Dublin, Ireland, in partnership with the Technical University Dublin. The tool was rebranded as Walkability .APP, and further developed to expand its reporting capacity and to enhance the graphics. The tool was trialed on the streets of Dublin particularly with women around the LUAS light rail line. Results due late 2022.

3

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2022

4. Walk21 International Conferences

The Walk21 International Conference on Walking and Livable Communities was hosted by TU Dublin and the National Government of Ireland in September 2022. The event was in person in Dublin and fully hybrid with over 1,000 people joining online.

5. Enhancing walkability in Tirana, Albania

Walk21 continues to work with GIZ to foster engagement and commitment to greater walkability in Tirana Albania; this includes the local walking group, political representation at Walk21 Ireland and the preparation of a draft walking strategy.

6. UN Environment Share the Road Program

Walk21 partnered with UN Environment, based in Nairobi, Kenya to deliver core elements of their Share the Road program. In addition to providing resources for managing the work programme, Walk21 undertook core activities including:

Financial review

General

The main income for the Charity during the year came from:

In total there was £660,504 income and £621,286 expenditure.

With the return to international travel and meetings there are high levels of T&S, which are to be expected with the work and strategic position of the organisation. End of year debtors remain high as the financial resolution from Walk21 Ireland is still be finalised.

Reserves policy

The charity holds unrestricted reserves of £127,085 in order to fund its future plans. Following the increase in turnover and activity, the reserves should be approximately £240,000. The trustees are considering ways to increase the general reserves over the coming years to provide for 6 months cover for commitments. The trustees review the policy and progress towards this target annually.

Risk management

The trustees have reviewed the major risks to which the charity is exposed, both operationally and financially, and are satisfied that the systems are in place to manage exposure to any risks that may significantly affect the charity.

4

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2022

The trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved for the following reasons: ▪The charity holds unrestricted, general reserves of £127,085;

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The members of the charity have no liability to contribute to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

5

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2022

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 17 May 2023 and signed on their behalf by

James Littlewood

James Littlewood - Honorary Treasurer

6

Independent examiner's report

To the trustees of

Walk21 Foundation

I report to the trustees on my examination of the accounts of Walk21 Foundation (the CIO) for the year ended 30 September 2022, which are set out on pages 8 to 19.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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

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.

William Guy Blake

Date: 15 June 2023 William Guy Blake ACA Member of the ICAEW

For and on behalf of:

Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House

62 Prince Street Bristol BS1 4QD

7

Walk21 Foundation

Statement of financial activities

For the year ended 30 September 2022

Note
Income from:
Charitable activities
3
Other trading activities
4
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
7
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure) and net
movement in funds		 Restricted Unrestricted
£
£
544,960
102,586
-
12,952
-
6
544,960
115,544
-
16,200
598,563
6,523
598,563
22,723
(53,603)
92,821
74,757
34,264
21,154
127,085		 2022
Total
£
647,546
12,952
6
660,504
16,200
605,086
621,286
39,218
109,021
148,239		 2021
Total
£
331,974
-
-
331,974
16,200
312,551
328,751
3,223
105,798
109,021

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 13 to the accounts.

8

Walk21 Foundation

Balance sheet

As at 30 September 2022

Note
Current assets
Debtors
10
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
11
Net current assets
Net assets
12
Funds
13
Restricted funds
Unrestricted funds
Total charity funds		 £
207,437
57,810
265,247
(117,008)		 2022
£
148,239
148,239
21,154
127,085
148,239		 2021
£
27,218
92,821
120,039
(11,018)
109,021
109,021
74,757
34,264
109,021

Approved by the trustees on 17 May 2023 and signed on their behalf by

James Littlewood

James Littlewood - Honorary Treasurer

9

Walk21 Foundation

Statement of cash flows

For the year ended 30 September 2022

Note
Cash used in operating activities:
Net movement in funds
Adjustments for:
Interest from investments
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Interest from investments
Net cash provided by / (used in) investing activities
Increase / (decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2022
£
39,218
(6)
(180,219)
105,990
(35,017)
6
6
(35,011)
92,821
57,810		 2021
£
3,223
-
4,258
5,279
12,760
-
-
12,760
80,061
92,821

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

10

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2022

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Walk21 Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The trustees have considered the impact of this issue on the charity’s current and future financial position. The charity holds unrestricted, general reserves of £127,085 and a cash balance of £57,810. The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

e) 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 settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

11

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2022

1. Accounting policies (continued)

f) Allocation of support and governance costs

g) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

h) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

i) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

j) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

k) Foreign currency transactions

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

l) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The were no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

12

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2022

2. Statement of financial activities: prior period comparative

Income from:
Charitable activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure)
Net movement in funds
3.
Income from charitable activities
Grants
Alstom Foundation
The Ministry of Infrastructure and Water Management
Mott McDonald
Volvo Research and Educational Foundations
TU Dublin
UN Environment
Other
Sales and fees
Conference income
Total income from charitable activities
Transfers between funds		 Restricted
£
£
276,297
55,677
276,297
55,677
-
16,200
268,778
43,773
268,778
59,973
7,519
(4,296)
1,485
(1,485)
9,004
(5,781)
Restricted
£
£
15,837
-
-
8,790
-
15,460
23,813
-
462,045
-
43,265
-
-
3,797
-
74,539
544,960
102,586
Unrestricted
Unrestricted		 2021
Total
£
331,974
331,974
16,200
312,551
328,751
3,223
-
3,223
2022
Total
£
15,837
8,790
15,460
23,813
462,045
43,265
3,797
74,539
647,546

13

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2022

3. Income from charitable activities (continued) Prior period comparative

Grants
Alstom Foundation
FIA Foundation
GIZ GmbH
IMC Worldwide / HVT
Mott McDonald
Seoul Metropolitan Government
TUMI Stride
UN Environment
UN Habitat
Other
Sales and fees
Other income
Total income from charitable activities
Income from other trading activities
Conference sponsorship
Total income from other trading activities		 Restricted
£
£
33,574
-
23,973
-
5,707
-
83,000
-
-
31,496
-
15,791
-
558
121,295
-
8,748
-
-
7,304
-
528
276,297
55,677
2022
£
12,952
12,952
Unrestricted		 2021
Total
£
33,574
23,973
5,707
83,000
31,496
15,791
558
121,295
8,748
7,304
528
331,974
2021
£
-
-

4. Income from other trading activities

All income from other trading activities in the current and prior period was unrestricted.

5. Government grants

The charity received government grants totalling £52,055 from the United Nations and The Ministry of Infrastructure and Water Management during the period (2021: £142,196 from the United Nations and Seoul Metropolitan Government). There are no unfulfilled conditions or contingencies attaching to these grants.

14

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2022

6. Total expenditure

Total expenditure
Consultancy
Project partners
Conference costs
Management fees
Strategic communications
Accounting
Bank charges
Insurance
Travel and subsistence
Grants payable to individuals
IT software
Bad debt
Legal expenses
Subscriptions
Printing, postage and stationery
Trustee expenses
Sundry
Sub-total
Total expenditure*
Reallocation of support and governance
costs		 £
-
-
-
16,200
-
-
-
-
-
-
-
-
-
-
-
-
-
16,200
-
16,200
Raising
funds		 £
£
25,976
-
269,164
-
61,967
-
129,600
16,200
38,612
2,032
-
2,040
-
7,686
-
663
31,147
-
5,410
-
-
8,401
4,800
-
-
737
-
301
-
27
-
256
-
67
566,676
38,410
38,410
(38,410)
605,086
-
Support and
governance
costs
Charitable
activities		 £
25,976
269,164
61,967
162,000
40,644
2,040
7,686
663
31,147
5,410
8,401
4,800
737
301
27
256
67
2022
Total
621,286
-
621,286

Total governance costs were £2,296 (2021: £2,708)

15

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2022

6. Total expenditure (continued) Prior period comparative

Total expenditure (continued)
Prior period comparative
Consultancy
Project partners
Management fees
Strategic communications
Accounting
Bank charges
Insurance
Travel and subsistence
IT software
Legal expenses
Sub-total
Total expenditure
Reallocation of support and governance
costs		 £
-
-
16,200
-
-
-
-
-
-
-
16,200
-
16,200
Raising
funds		 £
£
56,694
-
78,897
-
129,600
16,200
14,177
746
-
2,498
-
2,971
-
650
-
1,138
-
7,331
-
1,649
279,368
33,183
33,183
(33,183)
312,551
-
Charitable
activities
Support and
governance
costs		 £
56,694
78,897
162,000
14,923
2,498
2,971
650
1,138
7,331
1,649
2021
Total
328,751
-
328,751

7. Net movement in funds This is stated after charging:

2022 2021
£ £
Trustees' remuneration Nil Nil
Trustees' reimbursed expenses 256 Nil
Independent examiners' remuneration (including VAT):
▪Independent examination 1,980 1,890
▪Other services - 300

During the year, 1 trustee was reimbursed expenses to attend the annual conference.

8. Staff costs and numbers

The charity did not employ any staff during the year.

The key management personnel of the charity comprises the Trustees and Chief Executive Officer. The Chief Executive Officer is a director of Access Associates Limited, which is contracted to supply management services for a fee totalling £162,000 (2021: £162,000).

16

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2022

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

10. Debtors

Debtors
Trade debtors
Accrued income		 2022
£
3,324
204,113
207,437		 2021
£
4,800
22,418
27,218

11. Creditors : amounts due within 1 year

Trade creditors
Accruals		 2022
£
115,028
1,980
117,008		 2021
£
8,828
2,190
11,018

12. Analysis of net assets between funds

Current assets
Current liabilities
Net assets at 30 September 2022
Prior period comparative
Current assets
Current liabilities
Net assets at 30 September 2021		 £
21,154
-
21,154
£
74,757
-
74,757
Restricted
funds
Restricted
funds		 £
244,093
(117,008)
127,085
£
45,282
(11,018)
34,264
Unrestricted
funds
Unrestricted
funds		 £
265,247
(117,008)
Total
funds
148,239
£
120,039
(11,018)
Total
funds
109,021

17

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2022

13. Movements in funds

£
Restricted funds
Alstom Foundation
6,242
UN Environment
65,762
IMC Worldwide Ltd / HVT
2,561
UN Habitat
192
Volvo Research and Educational Foundations:
- Library Analysis
-
- Walk21 Ireland Conference Travel Grants
-
TU Dublin
-
Total restricted funds
74,757
Unrestricted funds
General funds
34,264
Total unrestricted funds
34,264
Total funds
109,021
At 1
October
2021		 Income
£
£
£
15,837
(13,199)
8,880
43,265
(99,886)
9,141
-
(2,561)
-
-
(192)
-
-
15,270
(15,270)
-
8,543
(5,410)
3,133
462,045
(462,045)
-
544,960
(598,563)
21,154
115,544
(22,723)
127,085
115,544
(22,723)
127,085
660,504
(621,286)
148,239
Expenditure
At 30
September
2022		 Income
£
£
£
15,837
(13,199)
8,880
43,265
(99,886)
9,141
-
(2,561)
-
-
(192)
-
-
15,270
(15,270)
-
8,543
(5,410)
3,133
462,045
(462,045)
-
544,960
(598,563)
21,154
115,544
(22,723)
127,085
115,544
(22,723)
127,085
660,504
(621,286)
148,239
Expenditure
At 30
September
2022
21,154
127,085
127,085
148,239

Purposes of restricted funds

Alstom Foundation

For application of the Walkability APP in Dublin, Ireland, to measure and report on the experience of women using the LUAS line.

UN Environment

To support the UN Environment Share the Road programme, developing a range of tools and resources to support and promote walking and cycling, mostly within Africa but informing the global agenda.

IMC Worldwide Ltd / HVT

To research the value of walking across Africa, attitudes and investments, as well as the impact of COVID-19. Delivery and dissemination of results, reports and publications.

UN Habitat

To develop and prepare a guide to good practice for walking and cycling in communities across Africa.

Volvo Research and Educational Foundations

To undertake research into the Walk21 library to contribute to the global bibliographic study on walking research. To support the Walk21 conference with travel grants.

TU Dublin

To deliver the Walk21 conference in Ireland in partnership.

18

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2022

13. Movements in funds (continued) Prior period comparative

Restricted funds
Alstom Foundation
FIA Foundation
GIZ GmbH
IMC Worldwide Ltd / HVT
UN Habitat
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds
UN Environment		 £
-
65,753
-
-
-
-
65,753
40,045
40,045
105,798
At 1 October
2020		 Income
£
£
33,574
(27,332)
121,295
(121,286)
23,973
(24,735)
5,707
(6,430)
83,000
(80,439)
8,748
(8,556)
276,297
(268,778)
55,677
(59,973)
55,677
(59,973)
331,974
(328,751)
Expenditure		 £
£
-
6,242
-
65,762
762
-
723
-
-
2,561
-
192
1,485
74,757
(1,485)
34,264
(1,485)
34,264
-
109,021
At 30
September
2021
Transfers
between
funds		 £
£
-
6,242
-
65,762
762
-
723
-
-
2,561
-
192
1,485
74,757
(1,485)
34,264
(1,485)
34,264
-
109,021
At 30
September
2021
Transfers
between
funds
74,757
34,264
34,264
109,021

14. Related party transactions

There are no related party transactions to disclose in the current or previous reporting period.

19