REGISTERED COMPANY NUMBER: OIJ26365 (England and Wal) REGISTERED CHAIUTY NUMBER: 267124 REPORT OF THE TRUSTEES AND FINANCIAL STATEMEIYTS FOR THE YEAR Ef4DED 31ST IWCH 2024 FOR WALTON-ON.THE-HILL ISiFRREY) ASSOCJATION LII¥IITED(THE) Ha15ey & Co IAcLx)witants) Ltd. Chartered Certifled Accountants Registered Auditors 2 Villiers Court ¢10 Upper Mulgrnve Rc>ad Cheam SuTrey SM2 7AJ
WALTON-ON-THE-HILL {SURREY) ASSOCL4TION LIMITEtWlE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST CH 21124 Page Report of th¢ Trnstees I to 2 Statement of FID8Mc&AI Aetlviti¢s Balance Sheet Notes to the finAncial Statements 6 b) 11 Detailed Statement of Fillanelal ACtilieS l2
WAL'foN-ON-THE-HILL ISURREY) ASSOCIATION LIMITED(fHE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST TrIARCH 2024 Th¢ trustees who are al80 directors of the charity for the purposes of the Companies Aet 2006, pr¢sent their repN)rt with the financial ststements of lh¢ charity for the year ended 31st MaTch 2024. The trustees have adopt the provisions of Accouniing and Rep)nin8 by Chariiie5: Statem¢ni of Recommended Practi¢e applicable to ¢hariiies preparing ih¢ir accounts in accordance with the Financial R¢porting Standard opplicable in the UK and Republi¢ of Irelwld {FRS 102) {¢ffective l January 2019). ORJEcfivES AND AcrivlEs ObJ¢ctive5 and #Ims The main purpose of the Council of Mana8e]nent is to mwntain the Centr¢ at a standard which will provide user groups Wlth an affordable. safe and pleant v¢nue for their vaTiOUS activities. The Centre ¢ontinues to t¢ ed by a variet). of wip$ and is popular with individuals for private p8rtie5. a]1 at a very reasonable cosi. Th¢ centre is uwi as the Ial w)Ilin8 station and for Villag¢ activities such as the Village FONM and the choosing of the May Queen and provides off-street parking ftsr major events at St P¢teffs Church. If required it wuld also provide tempoitry accommodation in the event of a IOCAI emergency. thankfully thi5 h&$ not happen yet. Volunteers The CouncEI wishes io record its grateful thanks to all those who have hel in the C.entre in any way durin8 the year particularly a special thank you once again goes to Mr Martin Saul for all his corhtinuing help. ACHIEVEMENT AND PERFORMANCE Fundraising getivities The Charity ¢oniinued to realise income from hall r¢Thial and to a lesser extent, donations and subscription& FINANCIAL REI'IEW Investment policy And objectlves Having regard to the Association's reserves p)licy ihe Council of Managemettt has decided to keep all available ndS in inierest EÈaring deposit accounts. This policy is subject to periodi¢ review. Reserves policy In view of lh¢ age and nawre tsf lh¢ building the As50ciaiion ntsintsins a building repairs reserv¢ $0 as to be able to meet both planned and UDforeseen ffpairs and pr¢)wrty renovatlons. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing doeument The charity is conirolled by its gov¢ming document the mernorandum and arti¢l¢s of asg(Ki#tion, and conStileS a limited ¢ompany limited by guaranttt, as defined by the Companies Act 2006. Org8ni5ational structure Da), to day management is in the hands of the Council of Manag¢ment (currently Comprised of 7 members) which mttts quarterly. Members of the council are elected or appointed from the MeMbe1p and one third retire ¢ach year but are eligible for re-eleciion. Those appointed durin8 the year are required io stand for cltIoD at the next Annual Generai Meeting. REFERENCE AND ADMIII'ISTRATIVE DETAILS Registered Company number 01126365 {Engla1 and M'a]es) Registered Charity nurnber 267124 Registered office 2 Villiers Court 40 Upper Mulgrave Road Cheam Surr¢y SM2 7AJ Page I
WALTON4)N-THE-HILL (SIIRRE ASSOCLITION LIMITED(fHE) REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31ST lARCH 2024 Tnksttts Miss D Castle- Chairperson Mrs V Griffiths Mts S J Marthall - Council Secretary GJKUIA CompAny Secr¢tsry Miss D Castle STATEMENT OF TRUSTEES, RESPONSIBILITIES The tnjstees (who are a150 tht dir¢¢tOTS of Walton-on.the-hill (SutT¢y) Association LimitedlThe) for the purposes of company law) are responsible for preparin8 the Report of the Trustees and the financial 5tatem¥mts in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the tyustees to prepare financial statements for ea¢h finan¢ial year whi¢h give a tyu¢ atKI fair Vi¢W of th¢ sthte of affairs of th¢ chaTitable company and of the incoming resources and application of resources. including the income alld expendituK of the Charitsble wnpany for that rthod. In preparing those financial sts1¢Men the trustees are required to select suitable accounting policie5 and then apply them consistently; obs¢rve the rnethods and principles itt the c.harity SORP; make judgements and estimates that are reasonable and prudent; Prepare the financial 5taiements on the going conc£m b&sis unless li is inappropriate to presvme thai th¢ chari¢able ¢ompany will continue in bu5in¢ss. The tnJst£e5 are resportsible for keepin8 pfoF¢T accounting records which disclose with rEonable aurd¢Y at any time the financial p)sition of the charitsble company and to enable them to ensure that the financial statements Comply with the Companies Act 2(M)6. They are also responsible for saftguardin8 tlie assets of the ¢haritable company aDd hence for takin8 rwortAble steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 10th July 2024 and signed on its behf by.. Miss D Castle- Trustee Page 2
WALTON-ON-THE-HILL (SURREY) A&SOCL4TION LIMITED(fHE) STATEMENT OF FINANCIAL ACTtVlTIES FOR THE YEAR ENDED315T MARCH 2024 31.3.24 Total funds 31.3.23 Total fvnds Unr¢stricted fund Restricted funds Endowment Notes INCOME AND ENDOWMENTS FROM rk)t]ations and lega¢i¢s 1,950 1,950 2,078 (ther trdding aaivities Investment incotne 27.491 3.038 27,491 3,038 20.729 1,103 Totsl 32.479 31479 23,910 EXPENDITURE ON Raising funds 12.608 12,608 10,719 Ch8Tkt&ble activitie5 Upkeep of Premises Governance Costs 15,408 396 15,408 396 2.233 Tot&1 28,412 28.412 23.955 NET INCOMEI(EXPENDITURE) 4.067 4,067 14S) RECONCILL4TION OF FUNDS Total fvnds brought forwd 36,817 190,506 30,000 257,323 257,368 TOTAL FUNDS C.ARRIED FORWARD 40,884 190,506 30.000 261,390 257,323 The note5 fomi part of these financial Sements Page 3
WALTON-ON-THE-HILL {SURREYI ASSOCIATION LIMI ITED(fHE) BALANCE SHEET 31ST MARCH 2024 31.3.24 To funds 31.3.23 Total funds Unrestricted fund Restricted funds Endowment fund Notes FIXED ASSETS Tangible assets 10 16,713 174,120 19).833 191658 CURRENf ASSE'rs Debtors Cash at èonk artd in hand 4.141 18,926 4.141 69.461 90 67262 20,535 30,0 23.067 20.535 30,000 73,602 67.352 CREDITORS Amounts falling duewithin one 12 1,104 (4,149) (3.045) (2.6871 NET CURRElYt ASSETS 24,171 16,386 30.000 70,557 64.665 TOTAL ASSETS LESS CURRENf LIABILITIES 40.884 IW,506 30,000 261,390 257,323 NET ASSETS 40,884 190,506 30,0(K> 261,390 257.323 13 Unrestricted fimds Restricted fLfftdg En(k)Mment funds 40.884 190,506 30,000 36.817 190.506 30,000 TOTAL FUNDS 261.390 257.323 The charitable company is entitled to exemwion from audit under selOn 477 of the Compani¢5 Act 2006 for the year ended 31 st March 2024. The members have not required the company to obtain an audit of its finaneial staiem¢nts for the year ended 31st Mar¢h 2024 in accordance with Se¢tion 476 of the Companies A¢1 2006. The tn$ acknowledge th¢ir reswnsibilities for (a} ensuring that the chaTitable company keeps accounting red$ that comply with Sections 386 and 387 of the Companie5 Act 2006 2nd preparing financial 5tatem¢nts which give a tnJ¢ and fair view of the state of affairs of the ch¥i¢able Company as at the end of each financial year and of its surplus or d¢fi¢it for each financial year in accordance with th¢ requirements of Sections 394 and 395 and which otherwise comply with the rfquirements of th¢ Companies Act 2006 relating to financial s¢&tem¢nt5. so far 8s applicable to the charirable company. (b) The nlxes fomi part of these financial statem¢nts Page 4 ¢ontinued...
WAL'foN-ON-THE-HILL (SURREY) ASSOCIATION LIMrrED(THE) BALANCE SHEET- eontinved 31ST MARCH 2024 Th¢se finan¢ial ststements have been prepared in ac¢ordance wth the provisiong applieable to ¢haTitable ¢ompanies subjectto the small cOmpleS re8ime. Th¢ fiTwicia] ststements w¢re approv¢d by the Board of Trustees and authorised for issue on 10th July 2024 and were Si8ned on its behalf by.. D Ca5tle- TnLStee The notes fom) part of these financial statements Page 5
WALTON-ON-THE-HILL ISURREII ASSOCIATION LIMITED(THE) IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEARENDED31ST MARCH 2024 ACCOUNTING POLICIES BASIS of preparing the financial $t8ternents The financial stsiements of the charitable company, which is a public benefit entiry under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accoun¢ing and Reporting by Charitaes: Statrment of Recommended Practi¢e applicabl¢ to charities preparing their accounts in attordance with ihe Financial Retx)rting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (¢ff¢ctive l January 2019),, Financial Reportin8 Standard 102 'The FIancial Rep)rting Standard applicable in the UK and Republic of Ireland, and the Companies A¢t 2006. The finan¢ia1 Statements have ixen prepaTed under the historicol w5t convention. Income All incom¢ is recognised in the Statement of Fknan¢ial Activities once th¢ charity has entitlement to the funds it is probable thai the income will be received and the amount can be Measur reliably. Expendlture Liabilities are r¢cogni5ed as expenditure as soon there Ès a legal or construciiv¢ obligation committing the chariry to that expenditure, it is probable thai a transfer of economi¢ beneflts will be required in settl¢ment and the amount of the obligation can be m&gsur&i reliably. Expenditure is accountd for on an accruals b&sÈs and has been classitied und¢r headings that aggre8ate all c05t related to the c8te80ry. WTher¢ costs Cannot be direct]y attributed to particular headingg they have been allocated to activities on a basis tonsist¢nt wilh the use of sources. TAngible fixed #ysets Depreeiation is provsded at the following annual rates in order to write off each asset oyer its e5timaied useful life. Fixture% ond fittin8S 20% on redlAg balance Taxgtion The chgxity is exempt from corw)ration on its charitable aotivities. Fund a¢countlDg Unreslrici¢d funds can be used in occordance with the charitable objectives ot the discrdion of the trustees. Restrided funds only Ee used for partiwlor restricted putposes within the objects of the dwity. Restrictions arise when $Ified by the donor or when fvnds are raised for partieular restricted purposes. Further explanation of the nature and purp)s¢ of each fund is includryl in the notes to the financial statements. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Subscriptions Mi% Income 100 142 1.708 10 1,968 1,950 2,078 Page 6 continued...
WALTON-ON-TME-HILL (SURRETr) ASSOCIATION LIMtTED(THE) NOTES TO THE FINNcIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 iyrHER TRADING ACTIVITIES 31.3.24 31.3.23 Rentsl Income 27.491 20,729 INVESTMENT INCOME 31.3.24 31.3.23 Deposit a¢count int¢r¢5t 3.038 .103 RAISING FUNDS Investment manY4gement eosts 31.3.24 31.3.23 Property repaiTS 4.717 3,309 NET INCOMEI{EXPENDITURE) Nei incomty(expenditure) is stated after chorgingl(crediting)'. 31.324 31.3.23 Depreciation. owned assers 1.825 2.281 TRUSTEES, REMUNEIUTION AND BENEFITS There were no irustees. remuneration or other bencfits for the year ended 31st March 2024 nor for th¢ year ended 31st March 2023. Trustees. expenses There were no In&ees' ¢xtEnses kxid for the year ended 31st March 2024 nor for the year ertded 31st March 2023. STAFF COSTS The av¢ra8e monthly nwnber of employees durin8 the year was as follows: 31.3.24 31.3.23 Administration No employe¢5 received emoluments in excess of £60,IX)O. Page 7 ¢ontinued...
WALTON-ON-THE-HILL (SURREY) ASSOCIATION LIMrtED(THE) NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENJ DED 31ST MARCH 2024 COMPARATIVES FOR THE sTATEmETr OF FINANCIAL ACTIVITIES Unresiricted Restricted fund funds Endowment fid fjjnds INCOME AND ENDOWMENTS FROM Donations and lewie5 2.078 2,078 Othertrading actiYitie5 Investsneni income 20.729 1,103 20.729 1,103 Tot¥1 23,910 23.910 EXPENDITURE ON Raising funds 10,719 10.719 Ch8ritable aCtItieS Upkeep of Premises Goveman¢e Costs 11.003 2.233 11,003 2.233 Totsl 23.955 23,955 NET IiYCOME/(EXPENDITURE) {45) 145) RECONCILIATION OF FUNDS Total funds brnught forward 36,862 190,506 30.000 7,368 TOTAL FLTr4DS CARRIED FORWARD 36,817 190,506 30.000 7,323 TANGIBLE FIXED ASSETS FiArtures and fittings Feold operty Totals COST At l$t April 2023 and 3 1st MaKh 2024 183,534 17,353 200,887 DEPRECIATION At 1st April 2023 Charge for >'ear 8,229 1,825 8,229 1,825 At 31st March 2024 10,054 10,054 NET BOOK VALUE At 31st Mar¢h 2024 183,534 7.299 190,833 Ai 31st March 2023 183,534 9,124 192,658 Pa8e 8 continued...
WALTON-ON-THE-HILL (SIJRREY) ASSOCIATION LIMITED(THE) NOTES TO THE FINANCIAL sTATEErS- continued FOR THE YEAR ENDED 31ST MARCH 2024 ii. DEBTORS: AMOUNIS FALLING DUE wfrHIN ONE YEAR 31.3.24 31.323 Rental Deor5 4,141 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trnde ereditors her creditOTS Accruals (80) 2.333 792 {42) 2,333 396 3,045 2,687 13. MOVEMENT IN FUNDS Net rnovtheni in fut At 3113124 At 114r23 Unrestricted funds Generdl fund 36,817 4,067 40.884 Restricted fuDd5 Land and Buildings Fund General Legacy Fund Building Repai Rese]v¢ 171,750 12.235 6.521 171,750 12,235 6,521 190.506 190,506 Endowment fynds Jo Bryant Legacy Fund 30.000 30,(KX) TOTAL FIJNDS 2)7,323 4.067 261.390 Nei movement in funds, included in the abov¢ are as follows.. Incoming resources Resources expended Movement in funds Unrestrieted futtds Generol fund 32,479 {28,412) 4,067 TOTAL FUNDS 32,479 {28.412) 4,067 Pag¢ 9 continued...
WALTON-ON-THE-HILL (SURREY) ASS(KIATION LIMrrED(THE) IYOTES TO THE FINANCIAL STATEMENTS- eontinyed FOR THE YEARENDED31ST MARCH 2024 13. MOVEMENT IN FUNDS- eontinued Cornparntlv*s for movement in funds Net movement in funds Ai 3113123 At 114ll2 Unr¢stricted fund$ Gmeral fimd 36.862 {45) 36,817 Restricted fuNd$ Land and Buildings Fund General Legacy Fund Building R¢pairs Resetve 171,750 12.235 6,521 171.750 12.235 6,521 I),506 I,506 End¢)wmeni funds Jo Bryant Legacy Fwld 30.000 30.000 TOTAL FUI¥DS 257.368 {45) 257.323 Comparatsve net rnovemellt in fvnds. included it) the above are as follows.. Incomin8 Itsources Resources expended Moverne in fid5 UDre5triet¢d funds Genezxl fund 23.910 123,955) 145) TOTAL FUNDS 23,910 {23,955 } {45) A ¢4Jrrent year 12 months and prior year 12 nx)nths combÉned position is &$ follows". Net movernent funds At 3113124 At 114122 Unrestricted fullds General fund 36.862 4,022 JIO.884 Restiicted funds Land and Bllildin8s Fund Generdl Le8acy Fund Buildin8 Repwrs Reserve 171.750 12,235 6,521 171.750 12,235 6.521 I.506 190.506 Endowm¢Dt fund$ Jo Bryrt Legacy Fund 30.000 30,000 TOTAL FIFNDS 257,368 4.022 261,390 Page 10 ntinued...
WALTON4)N-THE-HILL {SURREYI ASSOCIATION LIMITEDITHE) DETAILED STATEMEP4T OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31ST MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Iknn8tioll$ and legaeies Donations Subscriptions Miso ]n¢ome 100 10 1,968 142 1,708 1,950 2,078 Otber tradiog activities Rental Income 27,491 20,729 Investmeot iltcome Deposit a¢count interest 3,038 1,103 Totsl iD£omittg r¢SOUTees 32.479 23,910 EXPENDITURE R8tsillE donAtioll$ and legaci Wages Sundries 7,856 35 7J75 35 7,891 7,410 Investment mgn#EemeDt co$ts Property rwi17 4.7l7 3.309 Chhrltable Actiyltl Insurdnce Upkeep of Premises Heat & Light Rate5 and water DepTeciation- tangsble &ss#S 1.420 1.741 9,482 580 1.825 1,477 7.876 S82 1281 15,048 12,480 Support ¢osts Governance $ts A¢¢ountsney and le8a] fees Computer and Softwar¢ 396 360 396 360 756 756 TO re50ur¢es expended 28.412 ,955 Net incomel(expenditure) 4.067 (45) This p8ge does rtot forni of the statutory financial statements Pa8e 12