2024-12-31-accounts

Re￿rt and Financial Ststements Year ended 31 December 2024 Charity Number 292178

Contents Legal and administi*ive information Page 2 Report ofthe Tntrs Page 3 Statement of Financial Activiti Page 5 Balance Sheet Page 6 Notes forniing part of the financial statements Page 7 Ikgal and Administrative Inforniation Tn￿eeS as at 31 December 2024 Mr D Grimshaw, Chaimian Mr M Jenkin Mr C Sadler, Mr Ian Thomas Treasurer Mr C Sadler Princi l Office Address for Co ndence Riverhouse B Manor Road. Walton-on-Thames. Surrey KT12 2NZ 29 River Mount Walton-on-Thames Surrey KT12 2PR Inde dent Examiner Mr Jobn Lisle, FCG, 63 Stoke Roa￿ Wahon-on-Thames, Surrey KT12 3DD Bankers Lloyds TSB BanL 83 High StreeL W￿ton-0n-Th8mes, Surrey KT12 IDU

Report of the Trnstees for tbe Year ended 31 December 2024 Thc Trustees present their rewrt ajong WAth the financial stat¢ll￿nts of the charity for the year ¢nd¢d 31 Dccember 2024. The financi￿ staknts bave been set out in accordanc¢ with the accounting ￿li¢jeS set oul on Page 7 and r￿mplY with the Cl￿rIty's trijst deed and applicabl¢ law. Constitution and Objetts The Walton-on.Thames CommunAty T￿￿t (WOTCAD is CO￿$tituted under a Trust Deed dated 20 June 1985 and is a rewterol ¢haTity. number 292178. The obj¢d of the trust is to advance the education of the public. particuhrly amongst the inhabitants of Walton on Thames and the surTouDJing localities in arts and crafts of all descriptions. In fillthrnce of this obiecL th¢ tr￿ are stttifically emFx)wered to establish and studios, exhibition halls, assembly rix)ms and workshop& to 8rrange the production, perforniance and exknTrition of all kinds of liternry. dramthc and M￿lCa[ works, dancing arrange lectutes and iDStnKtson in th¢ arts and cralL8 of all desai￿lon5 and to give advi Organi82tM)n Sadl¢r and Ian Thom&8. Aetivities and Finsneigl Review 2024 saw the impact of the COVID Pandernic significantly reduced and progrAn￿g at lilvert￿l￿e wnllnued to develop with audie￿ growing to rnatslL We also developed plans to refi]rbish the Cafe Bar ar¢a following the decision by Elmbridge Borough Council to fi￿d the J)]ajorÈty of tbe WO￿ with a grant of £88,000 uoder their CIL ( sucKssfiA. A fair amount of lin￿ and effort was also s￿llt on looking at how we might recruit some yO￿¢r people to becon)e Trustees of WOTCAT or Di￿OrS of RI￿erhO￿se Barn Limitrd but so far without SUCC￿$. Forturotely. w¢ Contin￿ to have strong support from ElmbTidge Borough Council and the R C Shettiff Tnjst who valu¢ the venu¢ and its spread of activities which have widened to include a day long event on-Green" issue5 and a'Thraine" day. Wc l(K)k forward to developing thes¢ themes in ￿at is left of 2005 and 2026. We have also set up a-Riverh0￿Se Classi￿1 Music Fun(r to enable ￿ to broaden our offering and be more Cou¥￿itive and flexible for hiriD8 ill top quality fonners.

Trustees, r￿ponsIbIlIt￿ in relation to the fmaDeia] statements The Tn]stees are well aware of th¢ir Deed to oversee the financial obligations of Riverhouse and meet Tegularly to eJ)sure that Ily will be able to Continue to meet all their financial oblig&10￿$ on time. Law applicable to cbaTiti¢s in England and Wales requires the TnLQe&s to prepare financial statenients for each financial year wbich giv¢ a tru¢ and fair view of the charity's financial activities during th¢ year and of its financial tK>sztion at the cnd of the y¢ar. In prepaTing thos¢ financial staicnKnts, the Tn￿teeS are required to . select sultsble accounting ￿11¢1¢$ and then apply them consistentty"

state whether applicable a¢¢ounling Standar￿ and stat¢m¢nts of recoEnmended practice have been followed subject to any (￿Part￿ disclosed and explained in The Trustees are respo￿lb1¢ for keeping accounting Tecords which disclose with reasonable acCu￿Y at any time the fiDancial wsition of th¢ cbarity and enable them to ensure that thc financial statements comply V4ith the Cbwities Act 1993. They also responsible for Safeguarding the assets of th¢ cbarity and hence for tsking reasonable steps forthe prevention of frdud and otber i￿3[￿tieS. roved by the TnL%tees and stgn&l <)n their khalf by Chainnan of Tr￿ 24th octob￿ 2025

WALTON-ON.THAMES COMMUNITY ARTS TRUST STATEMENT OF FINANCIAL ACTMTIES YEAR ENDED 31112 12024 Unreslrthd Restr￿ Totsl Funds Total Funds Funts 2024 2023 Incom Grants D(￿￿10n5 O.IK) 34205.00 34205.00 97000.00 Bank arKI Other Interest 9.69 12.19 TOTALS 9.69 34205.00 34214.69 97012.19 NIL Cha7tsble Expenditure 8083.81 O.(KI 8083.81 8083.81 0.Tr) 36(X)0.00 36(A)0.00 105432.00 Increase in l Reduction in (-) FuThts earmaTked for payrr￿ttkn Rtverhouse Bam Ltd re reven￿ exp- 0.00 -1785.31 -1785.31 8407.62 0.00 TOTALS 8083.81 34214.69 42298.50 121923.43 NET mOvEME￿r IN FUNDS -8074.12 8.46 8082.58 -24911.24 TOTAL FUNDS AT 1 JAN 207015.19 0.00 207015.19 231264.05 TOTAL FUNDS AT 31 DEC 198941.07 8.46 198949.53 2(￿2.81

WALTON-ON-THAMES COMMUNrrY ARTS TRUST BALANCE SHE￿ AS AT 31112 12024 UnKeslriXed Restr￿￿ Tolal Funds Total Funds 2024 2023 FIXED ASs￿s 4 169.7W).09 169,760.09 177.843.90 CURRE￿ ASs￿s Cash at 21,099.67 51.687.33 78.787. 80.562.13 o.(Xk 59.462.46 59,46146 67.894.46 within one CURRENT ASSErs I (LIABI￿lEs) 21.099.67 19.324.54 12,667.67 190.859.76 189.084.VJ 190,511.57 LÈabiliites Creditors . knounts faknj due after one year O.tM) TOTAL NEf ASs￿s 190,859.76 189.084.63 190,511.57 FUNDS lg 190.859.76 189.084.63 190,511.57

Notes fonnin of the fmxDci21 ststements for the ear ended 31 Dettmber 2024 l. Principal AttoDnt)Dg Policies (a) Accounting convention Tr fuL￿la1 statements bav¢ IreD wepared the historical cost ￿nventiOn and in accordanc¢ with the Financial Reporting Standard For Sn￿lIer Entities (effective March 2(KX)) follow the recom￿0￿5 in A￿UntIng and Rew>rting by (b) Donations and Gifts Voluntary inconK is received by way of donations al￿ ￿fts and is includol in in the Statement of Financial Activities (SOFA) when receive<L The value of services provided by volunteers has Tr)t been i￿]￿￿e{L (c) Grants Receivable SOFA in the year in wbich they are receive4L (d) Expenditure All expenditure is included on an basis and is regnis&l wben there is a legal or constructive obligation to pay for the expenditore. All costs have been directly attsibuted to one of the funclioDal L*gories offfsources expended in the SOFA. The TnLSt is oot regIst￿ed for VAT and accordinWy eX￿nditute is shown gross of irrecoverable VAT. (e) Tangible Fiied knets The Tn)st's rnain a&%et is its lease1￿Id interest in th¢ knd and buildings known &8 RiVer1￿￿e Barn in Manor Roa￿ Walton-0TrThan￿s. This is an 18 century tithe b whose freehold is owned by Elmbridge Borough Council. In 1985 the CouncAI agreed to lease the land and buildings to the TnLSt at a peppercorn rent condition that the TnLSt renovated the derelict building and converted it to community arts use. This work was canied out kgely by voluntary ]atM)ur under professional supervision at￿ the Rlv¢rho￿e Barn oprned for artistic I￿rfOnTh2nc￿ in SeptemlEr 1989. Builthng- related expenditure {i.e. excluding voluntary ￿￿r) for the renov2tion and conversion over the four years came to approximat¢ly £li4,000. In 199516 a new Craft Studio building was added on at the ￿ of RiVerh0￿ Banu at a cost ofjust over £125,000. excluding equipmenL In 1998. a lease w&s executed by EhnbTidge Borough Council over the Riverhouse Barn land and buildings in favovr of the TnLSt for a Fcriod of 50 yea[5 from 1° F¢bruary I W6. In 20(Kl. the Tn￿ rebuilt th¢ Cafe- Bar area a￿1 the Until 1998 211 expenditu￿ on the buildings was tr¢Ated as an expense and written off &s therefore not readily calwjable with any de￿£ of accuracy. The users of the accounts are piin¢ipally the Trustees and the vati0￿8 donors to the Tn￿ and bodies that make grdnts to IL The TnL8tees consider that the cost of carrying out a professional valuation to include these asxts at a value ID the accouots would be Substanti￿ compared to the lirnited additional I￿nefit that might be gal￿1 by wers of the accounts. The value

ascnl)ed to the kniprov¢ments to Leasehold Land BuIJdiD￿ therefore repr￿ents the cost of building the Cafe- Bar and liokn Pbillips frallery. The Trustees bave ag￿ed that all illyovenHits to the ja￿1 and building sitt¢ I" January 1998 should be capitslised and depreciated over the remaini￿ period of the lcasc. Other taDgtble fixed a&sets with a cost of more than £l,l)00 will be capitalised and depr¢ciated over 4 years. As & 3111Y2023. the only such assets acquired by the TnLSt have been the new lightiog system (cost £13225.97) aTrl the new Ix)iler (cost £9369.45) wbich were acquiffd during 2(KY7 and th¢y bave been fully depreciated to a nil value in acconkn with this wlicy. The land and buildings at Riv¢rknus¢ Bam arc ocWpj￿ a￿1 oErrnted without charge by River1￿USt Barn Lt4 a limited COAll￿Y Fnjeficially by the TrusL The TnL4tees approve no￿]natiOns for officers of the company but do not participate in its day to day rnanagemenL The buildings bave a replacement cost eStin￿ed for insurance purposes at over £91K).(MXI. (fj Fund Aeeounting The Unrestricted Fun(b reprert the fun<ts which the Tn￿ are fi￿ to use in accorthe with the Clwilable Objects of the Tn￿ Restricted Funds represent those amounts which bave been given earrna￿￿ for a pwse. tn 2014 Elmlyidge Borough C(xmcil and R C Slwriff R(￿bIlarS Tnjst decid¢d that they would pay the grants pmryousty given directly to RiverlK)use Barn Ltd So WOTCAT for payment to Riverhouse Barn Ltd as and whetk deem¢d appropriatc by the TnLs. Th¢se grants appear as a restiicted fill)d unlil they are paid over to RIveth0￿Se Bam Limifrd In 2017, the Elnthridge Music Club. wbich previously used Rivethow as the venue for cl&ssical m￿siC wfornwkC￿ tbat it aTranged decided that it should be wound up

1. Grants and Doutions 2024 2023 Elmbridg¢ Borough Council 20.OIX).(K) R C Sheffiff RoSebri￿S Tr￿St li￿).00 Riverhous¢ Classical Music Fund 2205.IX) TOTAL 34 05.00 During 2024 a new fulld ( RCFW was set lip to receive donatlons from local supporters that call be used to fillther develop r¢lations with Musicia￿ who we believe have tM)tential for future perfornwic￿ at Riverhou 85,000.00 000.00
2. Bank and Other Lnterest Unrestricted Fm 2023 Bank Inter¢st 9.69 12.19 TOTAL 9ffj9 12.19
3. Tangible Fixed Assets Improvements ID IKaseknJd land and Buildin Cost At l J8nuary 2024 Additio￿ during 2￿24 At 31 December 2024 369,649.58 369.649.58 Deprttiation At l January 2024 Charge for the yeaT At 31 December 2024 191.805.68 R99.889.49 Net Book Value At 31 Dectmber 2024 Planl 4Dd Equipment - Fully dePr￿lated as at 1.12011. S. Creditors ( falliDg due within one year) 2024 2023 Grants tmyable to RiveAK>use Barn Ltd 55,181.39 56,956.82

Inde dent EiamineWs Arly Trust I report on the a￿)ullts of WaltonvOD-Th8mes Coltunuuity Arts TnLSt f￿ the year ended 31112 12024 which are att￿bed to this rep)rt and s& out on P%08 I to 9. The ChaTity's Trustees are Yes￿n$￿t the preparati￿ of the actounts. The Charity's T[￿teeS consider that an audit is not Trquired fw this year undtt s¢¢tioo 144 (2) of the Charities Act 2011 ( the 2011 Act} and that an indeFodent examination i% ne&t It is my reswDsibility to= . ¢xamiDethe accounts u[1d￿ ￿10￿ 145 ofth¢ 2011 Act s￿li0n 145(5Xb) of th¢ 2011 A Basis ofkndependent Exxminer's Report My examination was carried 4)ut ift with the gukrni Directi(￿5 given by the Clwity Commission. An ¢xaminalion inGhMks a review of the accounting rec4)rds kept by the Charity and a comparison ofthe xcounts presented with those T￿. It aLso indudes c(A)side￿liOn of any unusual items or discktsures itt the accOutt￿ aod s¢¢king ¢xpIartati￿ from you &% TnL%tsts concerning any such matters. The proc¢dures undertaken do not provide all the evidellce that would be required in an audit and onsequentty no opini(n i% as to whets a¢counts pr&ent a and fair ViV+V' and the • is Independent Euwinerfs Ststement (l) which giv4s me reasonable cause to klieve dAt ID any llrnterI￿ reSp￿t the rwiirements:. to kw accmtillg records ID acuJrdaDce with Section 130 of the 2011 A¢ and requirements of the 2011 ACL hav¢ not ten met or (2) to in my (wtn1o￿ atlention slKwld ￿ drawn in ￿der to enable a proFr unde￿ of the accounts to be reache41 Lisle. Fellow of the Clwtered GO"ernan￿ In&itu* 63 Stoke Roail Walton-on-Thame SURREY. KT12 3DD 24th October 2025