R•glster•d number: 0201É251 Charily numbe¥: 294832 WALSINGHAM SUPPORT (A COMPANY UMITED BY GUARANTEE) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 'A(IX(W62* 2211212023 COMPANIES HOUSE A41 Bishop Fleming WALSINGHAM SUPPORT {A COMPANY LIMITED BY GUARANTEEI CONTEIUS Page Referenee and admini$tr4tive dtt•ts ofth• Charity. its Tnthes and *dvisÈrs Tn￿toeS. report Indèpendent *uditors' report on the fiDan¢ial statements 15-18 Consolidated $t•tementof financlal a￿1¥#1¢$ 19 Consolidated ￿lance sheet 20 Charity balan¢• sheet 21 CO￿011￿3ted ststement of cash flows 22 Notes to the finan¢iaJ $tatemeDts 23-38 WALSINGHAM SUPPORT IA COPAPANY UMifED BY GUARAN￿E) REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Tru$t¢e5 Donna Clark Irestgned 29 September 20221 Jeanette Barro*dffe Irewed 26 January 20231 Mark Best Ltz Edwards Rthard Keagan¥ull AlIK￿ Heaton Cadanna L￿Vel￿n-pe8rt Sarah Mil￿r lappointed 26 May 20221 Nicola cra￿ {appointed 29 September 2022) Paul Macdonald (resigned 20 Awil 20231 David Walji Ramya VadNel {￿wJrted 20 June 20231 Robert Longtey Cook lapp)inted 26 May 2022) Natasha Whitehutst {re￿9rted 12 Juty 2022) DanNan Brid9eman (appo￿led 28 Juty 20221 Charks Kesser Ireggned 26 Juty 2¢)221 Paul Marthant (appointed 8 November 2023) Company reglstered numb•r 02016251 Charity reglstered numbpr 294832 Reglstered office 120 C¢xkfosters Road Bamet Hertfordshwe EN4 ODZ Chi•f executive officer Paul Snell I￿￿3ned 30109rd0221 Hofty sple￿ {from 0111012022) ExecLtt]ve L•adgrshlp Team drew McLa¢hrie- DwpGlor of Finance {￿$￿Jned 07110120221 LFZ Roe- Director of Peopk & &uagemenl (resigned 1510712￿22) Dave Wilbams- Interim Oiiector of Operaticns & Development (from 2710912021 to 31m8tt022) Sarah Servanles- Director of Finance & Comrnerrial (from 01111120221 Tom Sharples- Dwector ol Operatwis & Developw*nt {from 17110120221 Brian OVowhue- tlire¢tsy of People 8 Engagement (from 0311012022) Comp•ny secretary Hdty Spiers (from 29109r2022) Ind•p•nd•nt audIt￿$ Bkshop Flemirrtj LLP charte￿ Accountants 10 Ter￿le Back BristrA BS16FL WALSINGHAM SUPPORT IA COMPANY UWTED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, Irs TRUSTEES AND ADVISERS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Bank• Natwesl F 2 Gladbeck Way Windmll Hill EnfieEd M¥kllesex EN2 7JA Solicliors TTfNH5 & Hamlins 3 Bunhll Row London EC1Y 8YZ P4e2 WALSINGHAM SUPPORT IA COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Leadèrship & Adrninistratian The Wa15ingham Support Bowd men*ws during the year were as folk￿￿". Name Finance Committee Assurance Cornmittee Strategy & Governan Committee RemuneratK) Committee Date Appointed Dale Resigned Donna Clark Jeanètte Barrowcliffe Mark 8est Liz Edwards Richard Keag3n-Bull Allison Heaton Cadanna Lleweltyn Peart Paul Macdonald Ramya Vadivel Natasha Whitehurst David Waljl Robert Lon8ley-Cook Sarah Miller 29109122 26101123 20104123 20106123 12107122 26105122 26105122 Damian Bridgeman Nicola Craig ChaFles Kesser 28107122 29109122 26107122 OBJECTIVES AND ACTMTIES As a national tharity, Walsingham Support has been chaNen9ing ev0￿1n9 the support prowded to Individuals with leaming disabilities. autism. brain injuries and co￿eX needs fc¥ over 35 years. We provide personafised support br hundreds of indivKluals acros$ England & Wale$. Our current bxalions include Cumbria. Gloucestershire. Herefordshrre. Hertft)rdsh￿e, London. Luton. M¢ddle5brough. South Yorkshire. Souih Wales, Staffordshire, and Suffey. We do this by provid1￿ twh)ke. person4enlred. Support bult ar￿jnd each indtwdu81's unKiue needs. lities. 8nd aspirations. Ensuring all IndNKlual$ ha￿ Ihe opp>lunity to develop skÈNs. achieve independence arHI enjoy Iheir l¢le to the full. For us Ifs notiust SUPWJrt It's happiness. Page 3 WALSINGHAM SUPPORT IA COMPANY UMFfED BY GUARANTEEI TRUSTeES' REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Putting PÈople at Heart Lisa. one of the people we support. w•$ ￿n9 ￿ a twrvJakM on her own. had moved in just before the Cowd pandemic hiL Thrs had a signiftsnt impa¢1 on Lisa's life. as she became social isolated. Even as Ihings started to open up again. Lisa Continu￿ to struggla feelings of loneline55 and isolalton. The staff al Walsingham SupFort recognised the need to help Lisa overcomè this situation and actr4ety supported her in exploring diffèrent opb'on5. Ong option ¢onsKJered for Lisa was lo [r￿e into a nearby supported ￿vll1g home vthere $he Could be with her friends. The staff worked dilvJently to Tekindle these friendships and it 500n bpcame evhlent that Lisa was regaining her old seEI when she was around her lriend5 n thg houso. Lisa had a knack for delivering Clever one4iners. aThJ these began to resurface as she eng￿ed In conversations with lots of laughter. The i￿rneY towards makFng this nTh)ve haFpen was not wilhout its chalen9e5. There was a fair amount of re￿$￿nce encountered *Jng the way. During meetin95 professionals. Lisa would sometimes withdraw and struggle to make her Klice heard. Howevef. the stsff at Walsingham Support believed in Lisa's abli ty lo èdvocats lor hersell. They $uppNted her in creating a "good news boo that was fflled with numefOUS photos showcasing the things LA enjoyed dolt)9. This b￿k helped Lisa engage with the profe55ionals in a more meaningful ￿ay. Instead of starting the meetings with mundane and uninterestin9 topics, the conversat*)ns now tegan with discussion5 around Lisa's good nèws folder. allowing her to tslk about her intwesls and experierKe$. Finalty, in June. after waiting for 18 kng months. Lisa recen￿ thè news she had been e8gerty antidpatin9. Funding was approved. and Lisa could n￿¥ move into a I￿ne where th could be with her friends. The news brought tremendous py to Lisa. vtho couldnl wait to spend all her twne wth her dear Iriet)ds. With the SUPF*M ofthe staff. Lisa decoTaled her new be(Iroom and settled in comfortably, embracing thts new chapter ol her lite. PUBLIC BENEFIT The Trustees confim that in developing and re￿e￿ing the strategic plan, obiects.ves and activities or Wa15ingham sup[￿ consideratm has ￿en given to the put* bttnèfrt guidancè issued by the Charity CLvnmisson. AJI of our a¢bvibes are in SUPFW)rt of t)bie¢ts.' 'The relief ol ¢h￿fr who 8ft in charitawe need Ihe Ca￿ and support Ser￿￿S, pninanly kv those WI￿ have leaming disabhilies. but al￿ for those with other forms of disability (including physical. menlal, sens¢)ry and degenernb.ve disakn3￿e$. aub.sm sp8dNm ¢*sorders and brain injuries) and induding those ￿th mulbple th"s0￿]rt￿$.. We believe that our work in support of these objects cleaty delNers identifiable benefrt to our beneflciariés In providing them ￿th the support they requrre. w) some cases at the most basic level to survive, to lead full and rewarding INes. For the wder public the beneffts lie in increased engagement and inter¥¢lh)n. By enabling irKlividual$ disabHilies to play an active, valued, and productive part in their kxal o)mmunities we not only enhance their lives. bul help inu&ase underslandin9. lolerance and indusiveness in the wider socaety which benefits am. The vost maiortty of the funding kn our serlw o)mes from statutory authorftie& Benefic￿$ I￿ subJ'•¢t to means lesling by b¢al a4th0rilies to determine whether and what level of contribution they are required to make towards thwr support Hov•wer. thi5 assessm￿ is Cond￿ so that no•one i% refvsed acc•s5 to (yjr seTrirEs on financial ground$. Page 4 WALSINGHAPA SUPPORT IA COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2023 No private ben¢fit is derived from the activities of the charity by either the Trustee5 OT parties related lo thom. Details of any reimbuised expenses are set out in notes to the finanual slalements. FOREWORD: ROBERT LONGLEY4OOK. CHAIR & HOLLY SPIERS. CHIEF EXECUTNE We are de1￿hled to sh¥e our Annual fteF￿rt arms Finan¢ial Statements for the fin￿￿ka1 year 2022r23. This has been a year of vnwecedenled change for Walsingham Support as we saKI goodbye to the organisation's bng-stsnding. toundef famty member Paul sne￿ and Chair Donna Clark. In September 2022 Robert joined as Chair and HONY as Chief Exe¢utive. Their arrival saw a further organisalional change with 8 new. highly sknlled Executive Leadership in pla￿ by Novernbel 2022. The newly formed learn embarked on an intensive period of learning and discovery spending time meetlng and r]stening to staff, gettin9 to know the people we support and understanding the organisation'5 business operatir¥J ￿K)de1. We have seen many eknwnples of eX￿ller￿t support and celebrated the achievements of iTrdMduals with diffeierrt abdrties. HO￿Ever, we need lo do some things diffe￿nIty lo ensure thal we Are a sustainable. agl& organisalion supporting peoplè wilh learning disabibties to ltad fulfilling lives on their ovm terms. WÈ havè talked to lots of people abovt how they feel about Walsingham Support,. what works well and what doesn an¢a what Ihey WOU￿ fike our futu￿ to be. We wll take foThwar(I many of these leamings a$ we develop our future Strategy but what these con¥ersatiMs and obseThalions pointed to was a very immediate need for or9anisational Iransfomalw)n. Th¥ organisation has c01l8cttrR￿ been focu5sed M th9 3 sirntegic prioiib¢s we beliwe will 9￿0 US strong foundations on whth to buikl.. Deliver outstanding ¢are and suppo Our ambilion is to be outstanding in everythin9 we do, tr• prowde the highest quahty of seNce Ai our operations and to pui the people we support at the centre of our decisi¢Jn- making Be a great place to work. We want to create a wsthve work culture where our staff can thiive. .BeGome a financlally Sustainab￿ organisation. We afe fo¢u5ed on en5ursng th* we have an operating model that •nables us to conlinue Ir) grow and invest in our sèrvts offeriry. Like all social care organisations. we operate n an extremety chalenging extemal environrywil wlh high levels of staff tumover. rewitrnenl ¢hallen9e5 and poor Ipve15 of funding" all hetrjhtened by the Current cost- of4iving Crisis. The new leaderS￿p team have ensufed * wnmediaie focus on the undertyln9 performance of the organisation and Ihts has already delivered reaE SLtccess in gatn#)g increased fees. filling voids. and impr¢)ving the efficienw and effectiveness of our business model. Fotlowing the deficit made in the year to 31 March 2023 and thallenging financtal resutt5 for many yeaf5 PTecedirvJ this. this focus on performance has fesulied in the delNery of steady $urpluse$ in every rn￿1h of the current financial year and ftye¢ast a substantial Fmaround in our finanaal outtum for the year el￿d 31 March 2024. From these Sur￿¥e5. we a￿ conf•Jent that the transfcrnbon81 will ¢ontNiue and thts wll grie us p18tform for strategi¢ thange and ambitious grovrth. th the Trew Executive Leadership team ￿ place. we are very exerted about the year ahead. in which our skilled, ¢ommitted. and amaZ￿g stsff ¢onlinue to provide $upby)rt that eTr8tles the people we support to lead Iheir very fNes. Page 5 WALSINGHAM SUPPORT IA COMPANY UMITED BY GUARANTEEI TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENOED 31 MARCH 2023 "The last year has been 8 ¢hallenging one for ooanisafion. The f￿￿$ and pMf*Ss￿nalisM of the new Executive Team o)mtsned wth Ihe ¢¢ynmitmentofthe management and Iront4ine staff teams. means we sel off into the newyear wth a fifm foundatwl and a dear directi￿ lor delivering both great ￿rte0￿￿$ for those we support anda fviancially secure L¥ganisation" Robert Longley4ook. Chair "W81singharn Support is a fants5bc Oryanisat￿ entering an ￿¢1&ng pe1)￿1 of change. The challenges we ha￿ fa¢edo¥er the lastyear, manysh8red ￿"th the kwderseclor, have forced us to come Iogelher, fo¢us and be pu@oselul in the adions we have taken to ensure we a￿ fit lor the lulu￿. The next ye8r WMI sèè us co- create a new $trategy. ￿lebrating the people we suP￿t and ensunng their 8spiTrtions and experiences shape what and}￿W we dell￿3e￿￿e￿ Holly Spiers. Chi•1 Exèeuti ENGAGEMENT At the end of 31st Marth 2023, we Y￿e ￿p￿¥ting over 396 indr4iduals with disabilities in around 105 locations aexoss En9land & Wales and èmploying 1.180 stsff across the charity. The new team ha$ b•èn focused on engagement with all these indNidu*, f￿llIes. and our staff. aclbvely involving 8t1 stakeholders V4E aim lo cuttivate a (Jjtture ol collats)ration. transpa￿neY, and continuous improvement. Our ongoing eff￿ts in driving engagement reltect our commitment lo provKling exceptional pefsonèratioiial:" Perfoiniai7cel."" -Unrestritted*. Restricted:. ..T:otol-..l£riil_. "Op_er.ational".; A-tr.'.activities*- G_en.éTai-&_-""' D'"esignated--4 Èxclu-ding.=. Op.era"tional.-" Perfor.mance. Income 28.2 Expenditure 10.01 10.ii 129.01 Toble.'Summqryof SOFA showing Operoting Perfonnonce WALSINGHAM SUPPORT IA COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONllNUED) FOR THE YEAR ENDED 31 MARCH 2023 Movement A5 the slalemenl of financkil athities and balance sheet shcw, V*thast cash has remai1￿￿ stable from 2022 10 2023, the net #ssel posilion has falten in ￿ne wilh Ihe £0.8m defiuL Balance Sheet 2023-_Ss* Movement:" Fixed Assets Stock Debtors & Accrued income Bank & Cash Total Creditors 12.31 13.41 Rgsetves Policy V4alsingham SupFK*rfs reser•es consist Oftt￿ f0kn￿n9 funds: Restrlcted funds Funds use is kniited to a specific pjrpose. This purp)se 18 delennined by donors. These are dèfined in the annual statutory ounts. Deslgnated funds Reser￿ $el 8sN1e ￿SIr￿￿ed fvnds for potential or krwn future C051s. This is decided by the Trustees based on advice from managem¢nL These are defirwl in the annual statutory a¢counls. Unr¢$tricled fvnds Reserves available for any admty ￿1Th Walsingham Support's charitabk obie¢ts. Unrestricted fvnds are made up l￿ffl dwnaled and geneTrl fuimls. Our Reserye3 Policy is designed to a¢hi•ve unrestricted reserves equivalent to betrRen 1 - 3 months of general operalirvj costs. As at 31si March 2023. the balance was £3.1m. ￿Presentift9 1.3 mnths of operating Costs. Our free reserves batance is £0.4m. representing 02 monlhs of operating Costs. For the year ended 31 March 2023. I￿e resewves are equal lo our general funds. and exdude tangible fLxed a55ets in use within the charty. Plan5 are in place to review thi5 fe5erves policy during the next financial year the aim ol increasing the level of free reserves, in orderto ensure the oryoing re5therKe and growth of Wa15ingham SupwrL Paje 9 WALSINGHAM SUPPORT IA COPIPANY UIIITED BY GUARApifEE} TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The funds ol the charity ftestrlcted Income FurKIs Designated Funds General Funds Investment Pofi¢y Walsingham Support's Memorandum and Artic4es of Asso¢iknn womde the Trustees with the to make investments #s they see fft. The ￿veStMent Strategy has been sel to ensure ￿qUIdity and security of funds whilst maximising wicome. lthere Ihe 0rganlsat￿ft has surplus funds not needed to fund its knmediate charitatde activities: they are invested in order lo gener*e extra inojme lo fund future actsvitres. Risks & Uncertainties Walsingham Supth Pr￿tiVelY manages its risks and h•$ ¥ Risk Management & Assuran¢* PO￿¢Y and FraN*wofk in plac8. The Execulwe Leadership Team IELfi drive the identifi¢ation of risks and their significart￿, through a Corporate Risk Reg15ter that links lo our strateg￿ prI0nt￿S. which 1$ reviewed quarterfy by ELT members. The h￿her￿Ve1 risks scored at50￿ our rrsk appetite15¢0red > 15 - major or severe risks) were reporte(I to atl Trustee5 via the A5$urance Commitlee and at Board kleelings. Ea¢h risk continues to be kept under regular review and every effort is made lo mitvJalè the risks through a variety ol approathes inclu¢Jing rèstru¢turing. outsourciThJ services lo support recruitment, developin9 teadership programmes and adaptirrfj quality PfOCeSS 4¥hi1514lso tsking cost saving measures whw¢ th¥y do not adversety affect our servKe5. As of 31$1 March 2023. effedive mrtwJatK)n plans were in against al W ii5k5. Employee Involv*men( DNersity & Equality Walsin9ham SupFrfJrt 15 committed to emphyÈÈ invdvement and cijnsultation and provhles the opportunity for all employees to share good PTactKe. discuss and influence toprcs of inlerest arKI wnport8rt¢e to themselves and the oiganisation as a vthole. also tonduct regular anonynyjus stsff surveys to gather vRws and feedbac We are commrtted to dNersity and ewawty and weknme appkations from all members of the communrty. All of our employees are offered the samè ￿(Sonal development. training. promotKin and career devek)pment opportunities. If circumstsn¢es requ¥0. reasonabk adjusbnents are made lo suppKJrt employees in ￿rryIng Iheir dut*5. Page 10 WALSINGHAM SUPPORT IA COMPANY UMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH ZO 8elh slarted at Wa15ingham SupFKYt a5 a WO￿ eyperience. thi5 15 the account of herjourney so far.. IAY fwst contact wtth Walsingham support was when I carried out 3 days of work experience al Keeper5 Cottage in June 2023, 1 was incredibty exuled about this and as soon as I walked in on my first day. I was immediately greeted by wr b¥ely smihrv4 resKlents and staff. I gui¢kly began to view everyone al Keepers as a famdy due to the close and IE)ving attriuded which everyone showed each other. Folowing thss placement. I succe5sfv1 in gaining • part-tsme pb in JLIY 2023 as support worker at Keeper's. which I do alongside studying for my A levels. Working at Walsingham Suppxxl has given me soft￿ irwaluaLqe opp)rtunities such as shadowing medi¢3tion rounds. which has supported me wilh my ￿rrent schoohvork and has allowed me to devekjp vital skius which will frjrther my firture career in Nursing. l am also inrAibty grateful of all thg support and traÉniny I have re¢eNed from my cothers. I have always fell apprecraled and was welcomed into the team smoothly. Everyone has pul in the effort to ensure that l am fully Conf￿ent in every asp¢d of the job. and l already have a goo(l understsndin9 ol that I currenlty cannot do due to my age. One of my la¥ourite parts of the job is supporting the resKlerts to ¢¢<& as they Tealty erkjoy it and we ahvays have a taugh and joke Icgether during IL GOING CONCERN The Trustees ¢onshler that based C￿ nom)al operating circumstan￿S there are no malerid uncartainlies surToun£fJng the organisation'¥ abiity to rèmain a going concem for the I0￿$•table future lor al least 12 months fmm the apwowal ofthese accounts. THE FUTURE We have set OLrt 3 key stfategi¢ pri¢)rilies for the finanoal year 2023r24: 1. Deliver Outslanding Care and Support. OUT ambilion is to ￿ ouistanding in everything w• do, to providè the highest quafrty of service in *)ur operatk)ns and to PLrt the people we supp*rt at the centre of our decision-maknng. We are implementing new ways lo imwove involvement suth as regular feedback sesslons and parb"cipation in policy developn*nt and aim to create a truty person-centred approach. 2. Be a Greal Place to Work: I￿aTrt to create a positr￿ w)rk culture where our staff can and hove put in place plans 8sed and txplau)ed in Ihe financiaT slatements.. arKI Prepare the firtancial statements on the going concem ba$1$ unless h is inapprcpriale to p￿sume Ihat the ¢h8ritable ¢oryany wdl cont*iue ￿ busrness. The TrLfstees ale Tr$ponsible for keeping proper *counting re¢ofds that disdose Vlith feasonable accuracy at any time the finan¢ial posthn of the charitablo company and enabte them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsib￿ for $8f¢guarding the assets of the ¢haritable ¢ompany arKI hence lor tsking reasonable steps for the prevenlhjrs and detectil￿ of fraud and cther irregularities. All Ihg ¢urr9nt Truste¢$ hav¢ tsken ieasonaL48 stgps to the best of thgkr kr￿ledge and beli?f they ought to have taken lo make themselve5 aware of any info¥mation neéded by chafity's •Jditors for the purpose of th¢ir audit and to estswish that the audtrtors are aVAre of that informat*)n. The Trustees are not a%Yare of any infwnatkn v*thith they (rThJersla￿l woulj be relevant to the audit of which the auditors are unaware. Page 13 ALSINGHAM SUPPORT IA COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT IcoKnNUED} FOR THE YEAR ENDED 31 MARCH 2023 Organisational Changes Board of Trustèès In 202Y23 wo wekomed rtew Trustees lo Wa"[￿nghaM Sup[￿s Board ofTrustees: Robert LciTrgley-C¢ok Sarah Miler Apwijited 26i05r22 nted 26105122 jpoiiited 2817r22 Ap￿lfiled 29109r22 Damian Bri¢fgeman N￿la Craig The TTusiees' Rewt. incorporÈling È Strategic report. approved ty order of the Board of Truyt¢es. as the company directors. on 11 De¢ember 2023 and signed on its behaw by.. Robert Longley4ook Ch￿r of Board of fnjstees Paje 14 WALSINGHAM SLFPPORT {A COMPANY UMITED BY GUARANTEEI INDEPENDENT AUDifoRS' REPORT TO THE MEMBERS OF WALSINGHAM SUPPORT OPINION We have audited the finanoal stslements of Walsingham Support {the 'parenl charitsble cornpan￿ and ts $ubsidiaries (the 'group'l for the year ended 31 March 2023 wh￿h comprise the Consolidated slalemenl of finan¢i81 a¢b"wbe5. the Consolidated ba￿nce shee( the Chanty balance sheeL the Consolidated slalement of cash flows and the related r￿ltes. induding a summary of s￿nIf￿1 accountin9 poI￿leS. The financial reporb'ng fiamework that ha5 been applied in their preparatb)n is applicable law and United lQngdom A¢rounting Standards, including Financial Reporting Standard 102 The Financial Retmxling Standard applicable in the UK and RepublK of Irdand. {Unrted ￿"AgdoM Generalty Accepted *£ctyJnting Pradice). In our opinion the financaal statements: give a true and fair view of.the state ofthe (￿'S ofthe parent ¢haritatrle company's affairs as al 31 March 2023 and of Grwp's ir￿0M1￿9 resources and applution of resour￿. in¢￿d1￿j its in￿e and expenditu￿ fty the year then ended: have been property p￿pared in accx)rdance Tmth UNted lfjngdom Generaly A￿pted A¢counting Pra¢b"¢e," and have been P￿pa￿d i) a¢¢orfarKe wilh the reqU￿rrents ofthè Comparnes kl 2(￿. BASIS FOR OPINION We conducted our audit th ￿C0[danCe wilh In*mational Standard$ on Audits"ng {UKI {ISAs IUKII and apF4icable law. r¢sp¢)nSb￿1tieS Lmder those standards are furlher described in the Auditors, rèsponsibililias lor thè audit of Ihe finanual stalerrEnls seth.on of our ￿P￿t We are indeFendent ofthe Group in accordance with Ihe ethical requirements ihal are relevant lo our audit ol the financial ststements in the United lfjrbgdom, including the Finandal Re￿rtsn9 Cwnctfs Ethical Standard. and we have fvlfilled our other ethical responsibilities in accoTdan¢e with these requiwments. Wt ￿l￿ve that the audit evidence we have obtained is sulfKienl and approprBte lo provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statements. we have ¢on¢luded thal the Trustees. use of the 90ing ￿nCeM basis of a¢¢ountry in the preparation ol the financial stalements 15 apwtspn*e. B#sed on the work we have performed. we have not klents.fied any material urKertainties relating to events or condrtions that, indNidualy or collectwdy. may cast Stgnificant doubt on the Group's ¢x the parent Charitable companls ability to conb.nue as a going corKeffi for a perKhl of at kast twefve months from when the fmancral stslements a￿ aulhorised fry issue. Our responsibslities and the ￿$￿)rtsibilrt* of the Tru$lees *ith respect to going cc1￿M are described In Ihe relevant secttons of this reporL OTHER INFORMTION The other information comprises the inl(Krnab"on induded in Annual reFQrt other than the financial 51alements and our Ayditors, rewt thereon. The Trustees are re5pM)nsit4e for the other ￿fOrmatiOn contained wthin the Annual reFOrt. Our opinion the financi￿ slaleffents does not CO￿ the other tntormats.on and. except to the extent othe￿iSe explitytly stated in our report we do not eypress any fom of assurance u>nclusk)n thereon. Our responsibilty is lo read the other inforrnation anil, in dO￿￿j so. COn￿der whether the other information is materially y)¢oftsislenl vAth the financial statements or our kntr•AÈ(Ige obtained in the course of the audiL or otherwse appears to be malerialty mi55tated. If we ￿entify such rnateri￿ inctinsistencies or apparent malenal misslatemenls. we are required lo deterrThne whethei Ihi5 gives rise to a material MisstaterT￿nI #i the financial statemenls themselves. 11, based on the **rk * have perforn￿d. 7#e cor*Jude that thwe is ¥ material misslatemenl of Ihis other inf0M￿tion. we are required to Teport that f We have nothing to rawi in this regard. Page 15 WALSINGHAM SUPPORT IA COMPANY LIMftED BY GUARANTEE) INDEPENOENT AUDITORS. REPORT TO THE ￿E￿ER$ OF WALSINGHAM SUPPORT {COIUINUEDI OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 21X)6 In our o￿ntr￿. based on the V4Dth undertaken in the course of the aud￿. the informatiM givffi in thè Twsttts, rewrt indudiro the Slrategic reFble for a5se5sing the G￿P.$ and the parent charitable compan1$ abilty to conlinue as a going ¢oncem. disdosing, as applicable. fflatters relaled lo going ¢tsncem and using the going concem basis of accounting unless Ihe Trustees either intend to Ivjuidaie the Group or Ihe went Charilable cLvnpany or to cease operations. ar have rLO realist¢ altemalwe trmrt to do $0. P4e 16 WALSINGHAM SUPPORT (A COMPANY LIMITED BY GUARANTEEI INOEPENDElff AUDITORS. REPORT TO THE MEMBERS OF WALSINGHAM SUPPORT (CONTINUED) AUDITORS. RESPONSIBILMES FOR THE AUD￿ OF THE HNANCIAL STATEMENTS thjr objectives are to obtain r&￿llable assura￿ ab(wrt Wtheihw the financiaf statements as a wfiole are free from material misststement. whether due to fraud or error. and to issue an AuditOT5' report that indudes our opinion. Reasortable assurant* 1$ 8 high level of assurarKe, but is not a guarantee that an audit conducted in accoidance ISAS IUKI will aw detect a Materi￿ misstatement when it exists. Misstaternents can arise Irom fraud or error and are ¢onsidered rnater1￿ il, indivmlualty or in the aggogate. they couhy ￿3Sc￿abty b expected to influence the economic decisions ofusefs tsken ￿ the basis ofthese financial statements. I[re9￿arItIes. inC￿ding fraud, are Ins￿￿ceS of n¢)nn$ that do not have a dirrfl effect on the financial statements tr*Jt compliarKe wrth which may be fvtsJam¢nlal to the Charity's abilty to operate or avtiid a material penalty. These included data prOte¢l￿n regvlation3, health and safety regulali)ns and eryloyrnent legislab'on. Our pyocedures lo respmd to risks NIent￿￿ in￿ded Ihe fcAkwwN'. Revw¢ng the fin￿141 slatefftht dtsck)sure5 aThJ testing to 5UPPOTbng documentation ts assess ¢ompli8n¢e th provisions of relèvant taws and regu￿￿￿$ desuibed as hamng o dirt¢t effed ¢)n ts finan¢wl statements: Perforrning analytical Fwocedures to Klentify ￿USual ￿ une>w*ed ￿81￿)nshIpS that may indKate risks ol material ff*sstale￿nt due to fraud: Reviewing toard meeting minutes.. Enqumng ol managèment in ￿lation to actual and potential dair￿ or ltyatb)n5", P$rfOrM￿7g detailed transactK>nal tesling n relation to the recrpanition of revenue. specrfKafy 9rants, a parttular focus arourKI year*ThJ cut off.. and In addressing the risk of Iraud through management overrtde of controls. leslirg the appropriateness of ioumal entrtes and otheradiustments" assessing whether theNdgments made in accounting estimates are indicative of potential ￿85., ar￿ evalualing the busines$ rntionak of sBnif+canl transactions that are unusual or outsTde the n￿Mal course Of￿$￿t$ We afso cornmunic4led Klentified law5 and regulations and FQtentiJ fraud risks to all members oflhe engagement tsam and remained alert lo Fossible indicaiws of fraud or norKoryliarKe with law5 and regulations throughout the audit As a Tesuft of the inherent IrnilatK)ns of * aud( th￿t is a risk that not an 1rreg￿aritiÈs, indudirg a material misstatement in fina￿la1 statèments or nonwcomplkrynce ￿th regulat#)n. wll be *Jetected by us. The risk increases the fiJrther renTh)ved compli4nee wllh a law and regu13tion Is from the events and transactions refiected Page17 WALSINGHAM SUPPORT IA COMPANY LIMITED BY GUARAPITEE} INOEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WALSINGHAM SUPPORT ICONTINUEDI in ihe finanoal staterrEnts, given we less Iifrely to be *vare of it. or shoukl the irregularity 0￿ur as a result offraud rather ihan a one off erThx. a5 Ihi8 may intth inteni￿al ccmceaknen( fixgery. conu$K)n. omissK)n or m1$rep￿sen1ati0n. A fijrther dÈscripb'on of ovr respowtMIO"es for the of ts financAal statements ts located on the FinarKial Reporting Counal's website at t*NM.froo .ukJaudrtorsre s￿IlltieS. This desuiptiort foms part of our Audilors, ieporl. USE OF OLIR REPORT This report is made ¥Aety to the charitable CoMpan￿S mer￿e[S, a$ a body. in accordan￿ with Chapter 3 of Part 16 01 the Companies Ad 2C(6. wdit wtyk has been undertsken 50 that we might state to the charitable companls members ihose maliers we are Teqvired to stste to them in an AuditOf5' report and for no other purpose. To the fullest extent pemiited by law. do not accept or assume responsibility to anyone other than the charitable cc#nparhy and its rnÈmbers. as a b)dy. for our audrt worK for this report, or for the opinions we have fomed. David Butler FCA DChA {Senior statutory audi for and on behall of Blshop Flemlng LLP Chartered Accountsr S&tutory Auditors 10 Temple Bxk Bristol BS16FL Date.. 22 December 2023 P*Je 18 WALSINGHAM SUPPORT IA COMPANY LIMITED BY GUARAN￿E1 CONSOLIDATED STATEIAENT OF FINANCIAL ACMVITIES {IN¢ORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted fund$ 2023 R*$trietèd funds 2023 £000 Total funds 2023 £000 Totsl fund5 2022 £000 Note Income from: Donat￿$ and legactes Charitable activibes Other trading activitses 212 219 Zl.570 103 106 27.676 280 27.037 157 177 Total In¢om¢ 27.680 49S 28.175 27.962 Expendlture on: Charitsble &iiwlvès 28.862 116 28.978 27.309 Total expenditure 28.862 116 28￿76 27,309 Net lexpendlturellln¢om• Transfers betsfftn funds J79 1197) 18031 653 16 197 N•t mov¢m•nt In funds (9851 182 18031 653 R•conclliat5on of fvnds: Total funds bfought forward Net rr￿ernent in fiJnd5 4,074 (915) 1.191 182 5,265 18031 4,612 653 Total funds carrled forward 3.089 1.373 4,462 5.26$ The C¢)nsolklated sL*ment of fmancial actsvities inchjdes aH gains and bsses reeognised In the year. The notes on page5 23 to 38 lrym part ofthese firkancial statements. Page 19 WALSINGHAM SUPPORT (A COMPANY LIMITED BY GUARAKfEEI REGISTERED NUMBEK'02016251 CONSOUOATED BALANCE SHEET AS AT 31 MARCH 2023 2023 £000 2022 £000 Note Fixed assets T8rrtJible asseis 11 1760 4,887 3.760 4.887 Current assets Stocks DebtOTS Cash al bank in hand 12 13 I￿43 1.161 2,559 1,193 3.IXIS 3.753 Creditors". ￿nts falling due within one 14 11.9781 12.9171 N•t ¢urrent assets 1.027 836 Total assets l•ss ¢urrent liabilities 4.787 5,723 Creditor5.' ar￿untS laling due after rrvye than one year 15 13251 14581 Total net assets 4A62 5,265 charlty funds Restricted fund Unrestricted funds 16 1.373 1,191 Designated funds General funds 16 16 2M2 427 3.309 765 Total unreslri￿ed fijnds 16 3,089 4,074 Total funds 4,462 5.265 The Trustees athimledge lh￿r re5pongbilibes lor cOmpl￿.ng wilh the requirements ol ihe Act wih respe¢l lo accounting records and preparation of financial statements. The finanaal statements were approved authorised ts i59Je by Trustees and ￿ned on their behalf ty. Robert Edward Longley Cooke Ghair ol Board of Trustees Date.. 1111212023 The notes on pages 23to 38 foFm part d ihese f4wiaal statemen Page 20 WALSINGHAM SUPPORT {A COMPANY UMITED BY GUARAP4TEE) REGISTERED NUM8ER:02016251 CHARITY STATEMENT OF FINAhlCi4L posmoN FOR THE YEAR ENDED 31 MARCH 2D23 2023 £000 2022 £000 Note Fixed asstts Tangitle assets 11 3.760 4.887 3,760 4.887 Current asstts Stocks Debtors Cash at bank and in hand 12 13 2.618 1.(￿3 1,161 Creditors.. amounts ￿rIng due ￿1n year 14 {1,978 12.7801 Net eurrenl assets 1,027 Totsl asyts 1¢$$ eurrent 11a1￿111¢$ 4.787 5.789 Credifows.. amounts faJhn9 due after n than one year 15 1325) 14581 Total n•t assets 4N62 5.331 Charity lunds Reslricled funds UnrestrKled furtds 16 1,373 1.201 Designated fijnds General funds 16 16 3.369 761 Total unrestrided funds 16 3.089 4.130 Total fund 4,462 5,331 The Charivs net moverrwl in funds kn the yearwas £(803k) (2022.. £792k). The Trustees acknowledge their responsibilities for comth'ng wth th& requirem¢nts of the Acl with re$pe¢l to accounts'ng records and pteparation ot financial stateff*nts. The financiaT statements were approved and aulIv)ri￿ kn issue by the Trustees and >gned on Iheir behalf ty. Robert Edward Longley Cooke Chair of Board ofTTu5tees Date. 1111212023 The notes on pages 23 to 38 fm part of these fmncial ststemerf Page21 WALSINGHAM SUPPORT IA COMPANY LIIAITED BY GUARAKfEE) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 WiCH 2023 2023 2022 Cash flows from opernting a¢tiviti¢$ Nel e2sh used in tsperaling athilEs 18711 1.192 Cash flows from Invésting •etivftiès Pro￿edS from the Sale ol tan9th r￿ed assets Pufthase oftan9iL4e fixed assets 1,010 1381 608 1148) Net cash provided by investwg xtivits 972 460 Cash flows from financing a¢tivi¢igS Repayments of t¥xrthYwig 11331 {5411 Net cash used In finanelng acti¥iti¢$ 11331 Changè in cash and cash equivalents In the year Cash and cash equiv*nts * the beginrmng of Iho year 1321 1,193 82 Cash and cash equivalènts at th• gnd ofthe year 1,161 1.193 The notes on pages 23 to 38 form part of these fin*cial stslen*nts Page 22 WALSINGHAM SUPPORT (A COPAPANY UMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 GENERAL INFORKATION Walsingham Support is a coThyany FmTted by guwantee and a ¢harity registered at Ihe Charity ConNnis*on in England and Wales. The prinapal add￿sS is 120 Cod(foster5 Road, Bamel. Hertfordshwe. EN4 ODZ ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMErirs The fina￿81 stslerrents have been p￿pared In accordance with the Chartltes SORP IFRS 102} - Accounting and Re￿ting by Chan"tEs." Statement of Recornmpnded Pra¢tice appflcable to charitie$ preparing their accounts in accordance Mih the Finanaal Reporting Standard appli¢able in the UK and RepublK of Ireland IFRS 102) leffeth.ve 1 January 20191. the Financial Reporting Standard applKable in the UK and Republ¢ of Irelan(I IFRS 1021 and the Companles Act 2006. Walsingham Support meets the defini11￿ of a pubh'c benefit enbty under FRS 1W2. As$el$ and liabilrties are Niiliaty reu4nised at hIst￿t ￿$1 or transaction vahje unless tsthe￿￿e staled in the relevant at£ovnting pohcy. The Consolidated statement of fina￿￿al adNities (SOFA) and Cons01￿￿3ted balart￿ sheei Consol￿ate the finanoal statements of the Charity and its sub5tdiary undertaking. The iesuts of the sub%diary are ￿nxI￿rated on a h.ne by basis. The Charity ha5 taken advantage of the exemption secb.on 408 of the Companies Act 20(IS and has not Pfesented its ovffl Stslemenl of financial a¢livit*s ￿ these financol statements. 2.2 GOING CONCERN The Tru$lees assess vthethef the use of Ihe going ¢1￿Cern basis ￿ appropriate. i.e. whether there are any rnateri￿ vncertainbes related to events or Ihat may cast signffi￿t doubt on the ability of the Charty to conbnue as a going concem. The Trusteès make this assessment h ￿Spect of a period ot at least 1 year from Ihe date of approval ofthe firsanaal statements. Key judgements that the charity has made. 7HhK* have o swJnfficant effect on the coming years business. indude.. establishing Ihat our major contracts a￿ not subjeci to arn extem* tender process., ensurirtg th* Ihe frjnds we hold cover Ihe needs of the trHJsness,' recognrbon of the impact of the Nath)nal L￿￿ng Wage over the ￿MIng 3 year5 antj the addli￿al costs thatwill generaie. The Trustees consider th* there are no m*bal uncertaith ab)ul the d￿ritable companls ability lo continue as a goirrfJ con¢em utsjèr nonnal operatin9 circumstances. 13 INCOME l In￿Me is Tecwised once the Charity ha5 entrttemnt to Ihe 1￿m9, it is probable Ihal the ome be re¢eNed ar￿ the ar￿U￿t of wKorr* receNable tan be measured fel¢abty. Grants are induded n the Consolkjated stateffent of finan¢ial acbviiies on a receivaNe basi$. The balance of irKome recwved for specific pu(T>)ses but not expended during the period is shown Ihe r*vanl fvnds on Ihe Balance sheeL Where income 15 rewved in advance ol enbuernenl ol receipt, ts recognit￿rt is deferred and induded credrtors as deferTed ÈrKome. I￿he￿ èntsuemenl ocoJrs before income 15 reeeNed. the irKome is ae¢rued. Page 23 WALSINGHAM SUPPORT IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POUCIES (continued) 2A EXPENDITURE ExFenditure is recognised ￿lee there is a legal or thnstructNe 0￿19a￿On to transfer econorrllc benefit lo a third party. it is probable that a transfer of economic benefits will be requw in settlement and the arnount ofthe obligation can be nwsured relkabty. Expenditure is clas&fied by ath"vity. The Gosts of each aCti￿ty are m•Je up of the totsl of dired w5ts aTrJ thared costs, support costs involved in Ur￿erta￿"ng each acbvty. Direct Costs a￿lbutab1e to a single acbvity are allo¢aW directy lo that aciivity. Shared costs Wh￿ conthbute to more than one activity and support costs which are not attributsble to a single acts￿"ty are apporboned behveen those a¢tivitie5 on a basis ￿nSistent with the use ol resources. Central staff costs are allocated on ihe basis of tirr* spen( and depreciation tharges all￿ted on th8 portwi of Ihe ossèt's use. Expendiiure on charitable actmties is incurred on dicectfy undertaking the actrvities which further the Grtyjp's ot4'ecttves, as well as any assooaled SUPF#Jt costs. l expendilure is inthsr¥e of WTecover* VAT. GOVERNMENT GRANTS Government 9rants relatal9 to tsngljle fixed assets Wè treated as deferred incorne and released lo the ￿$¢lIdated $tstèmènl of ffinantial xtMtEs over the eype¢tèd useful lives of the assets concerned. Other grant5 are rredited to ts Consobdaled Statement ol finawal *ivi¢ie$ as the refaled expenditure is irKwThed. L6 INTEREST RECEIVABLE Inlere5t on fijnds hekj depo￿1 is induded r￿Nable and the amount can be measured refiably by thè Gioup. this ts nom)alty upN)n notiftst￿Th of the interest paid or payable by the institution with wh¢yn Ihe lund5 arE deposite 2.7 TANGIBLE FIXED ASSETS A14D DEPRECIATION TaThJible fixed assets cosb'ng £NIL ￿ m￿e are Ca￿tak.Sed and recognis&J when fvtuo ecJ)ftomi¢ benefits are probatjle and the cost orvaluè of Ihe asset ¢an be measured relabty. Taryl￿e fixed assets are initially recognised al cosL After recognibon. under the cost rTr)del. tsngible f￿￿d assets are measured at cost less accurThJlated dèpreu.abon arid any xcumulated impairment losses. An Gosts in¢uryed to Ixing a tsTrJit4e fixed assel into 115 intended w¢rkn"ng ¢ondibon should be induded in the measureffent ol cost Dep￿ciatiOn ts charged so as to aNocate the tA)st of ￿Th9￿1e fixed assets kns th*'r resKlual v*e over their estimated useful INes. Dep￿lab"On 15 provKled on the for0￿g ba5e5'. Freeh¢)kJ propety - 2% stsatght Fne Long-term leasehokl propety - Eventy over remaining temi Fixiures and fittings 20% $trai9hl b.ne Compuier equipment - 25% straKJhl line 2A STOCKS Stocks a￿ valued at Ihe of cost and real¢saL4e vabJe after making due aN¢)wance for obsolete and skwhnThiing 5t(tks. Cosl Ir￿udeS all direct costs and an appropriate proportion of fixed and variable ovwhèads P4e 24 WALSINGHAM SUPPORT (A COMPANY UMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PMRCH 2023 ACCOUNTING POLICIES (continued) 2.9 DEBTORS Trade and othef debtors are recojnised * the selljement amount after any trade dixounl offered. Prepayments are vahjed al the 8rrbxml prepaNJ netd¥rry trade discounts due. 2.10 CASH AT BANK AND IN HAND Cash at bank and in hand indudes cash and short4erm h￿hty fv4uid investments with a short maturity ot months or tess from the date ofwuisition or O￿nI￿A ot the deposit or simAar ac¢ounL 2.11 LIABILITIES AND PROVISIONS Liabrfilies are rec4Jgnssed when there is an oblBatTrort at the Ba￿n￿ sheet date as a result ol a past event. il 1$ prOba￿e that a transfer of e¢onomic ber￿fil will be required in settlemenl and the amount ol the seluernenl be estimated reliabty. Liabiliiies ¥e recognised at the am¢unt that the Charity anticipat•s it wil pay to setue the debt or the arnO￿t it ha5 received as advanced payments for the g¢rt*Js or sèrvtts I must provide. proW￿onS are measured at the best estimate of tr￿ amunts required to setlle the Obl￿all￿n. Where the effect oflhe ty.me value of money is material. the provisKJn is based on the present value ofthose ¥mounts. discounted 81 the we4ax dk$c￿jnt rate that refleds the risks specific to the liability. The nbmnding of the discount ts recogni5ed in the Consob"dated statement of financial activib'es a5 a finance cost 2.12 FINANCJAL INSTRLIMENTS The Group has financaal assets and ffinanci￿ of a kind thal qualify as bag¢ f￿a￿la1 instruments. Basi¢ finanaal inStrUff￿Trts are init+alty recogni5ed al transactscffj value and SLrbsequendy measured at thar settlement vakne Ihe exception of bank loans whith are subsequenuy measurèd at amc*li5ed Cost ugng Ihe effecbve interest rr£thod. 2.13 PENSIONS The (>oup operates 8 defined c￿rIbut￿￿ F*n$1￿ scheme aThJ the pensw)n charge represents the amounts payatle by the Group lo the fiJrKI in respect ol the year. 114 FUND AccouKnNG General funds are ￿reStrICted funds whth are available for use at the di8c¥etion of the Twste85 in fvrtherarKe of the ger*ral ob•$ of the G￿uP wthich have not been designated for olhar pvrp05e& Des*)naled funds unrestrithd fvnds that have been set aside by the Trustees for particutar purposes. The aim and use of each destgnated is set t)ut in the notes ts Ihe finawal slatements. Rèstrthd funds are funds whth are to be used in accordance with speeific restri¢lths imposed by donors or vthKh have been ra￿ed by the GwKJp for pa￿"CUlar purposes. The costs ol raising and administering SLtch lunds are charged against the speufic fimd. The aim and use of each re51rKted fund Ls set oirt in the notes to Ihe finawal slatements. InVestr￿n1 incorne. gain5 and losses are alocated to tr* appropriate furwj. Page 25 WALSINGHAM SUPPORT IA COMPANY LIMftED BY GUARA14TEE) NOTES TO THE FINANCLAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2023 INCOME FROM DONATIONS AND LEGACES Unrnstricted Restricted funds furlds 2023 2023 £000 £000 Total nds 2023 Éooo Total funds 2022 £000 Pound Farm Reslricled Fund F￿ge F￿h- BIG Lottery Bill McLau9hlin's memor￿ Fund 30M & 35ih Anniversary FuThJ Swansea Projects FuTh1s Otherdonations Govemmentgrants 21 203 203 726 212 219 768 TOTAL 2022 INCOME FROM CHARrrABLE ACTVMES Unrestri¢ted Restri¢t funds funds 2023 2023 £000 Total fvrtds 2023 £0 Total funds 2022 £000 Regdenb"al Ca￿ sew¥Kes Supported 8 domicffjary servtts Housrng Benefrt for SUPF4)rted Imng semees Inwrp from Creative Leaming aclNities Adult Communty Learning Appjintee Fees Corltrlbu￿ to Transwl ch￿e5 8.221 18,& 8221 18.306 18,1SO 970 121 41 153 153 42 42 153 27.570 27,676 27.038 TOTAL 2022 194 27.038 Pa3e 26 WALSINGHAPA SUPPORT IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 INCOME FROM OTHER TRADING ACTivmES Income from fvndraising events Totsl funds 2023 £000 Totsl fvnds 2022 £000 funds 2023 fund$ 2023 £000 Rent tr Surplus Sp8¢e Renl4thire in¢orrE (COr￿￿￿ty Cenlre) Cafe and Ottw Sales Grant Funded Property Revalua(￿n 93 93 109 41 177 177 103 177 280 157 TOTAL 2022 157 157 ANALYSIS OF EXPENDITURE ON CHAFUTABLE ACTMTIES Summary by fund type Unrnstrleted Restrictsd funds funds 2023 2023 £000 £000 Totsl 2023 £000 Total 2022 Direct costs 28,862 116 28.978 27.309 TOTAL 2022 26,652 657 27.309 ANALYSIS OF EXPENDITURE BY ACTivmES Act•vities undèrtaken directly 2023 Support costs 2023 £000 Total funds 2023 £000 Total nds 2022 £000 Dired costs 22.649 28.978 27.309 TOTAL 2022 21,986 5.323 27.309 Pa9e 27 WALSINGHAM SUPPORT IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sTATEl￿NTs FOR THE YEAR ENDEO 31 MARCH 2023 ANALYSIS OF EXPENDITVRE BY ACTMTIES l¢ontinuedl Anafysts ot dlreet costs Total fund5 2023 £000 Total fvnds 2022 £oc Staff costs er direct cosls GovemanrE costs 20.4SO 2.015 19.282 2.553 151 22.649 21.986 Analy$ls ol support costs Total funds 2023 £000 Totsl Jnds 2022 Staff costs Depieaakn"on Property & mainterwKe Other direcl costs PrOfLl￿ disposa olft¥ed a55ets 4.497 189 290 1.353 4,597 252 261 636 {4251 6.329 5.323 AUDITORS. REMUNERATION 2023 £000 2022 £000 F•es payable to the Charitys auditor lor the audrt of the ChariV$ anrwjal a¢eounls 31 24 P•Je 28 WALSINGHAM SUPPORT {A COMPANY UhirrED BY GLIARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR TIIE YEAR ENDEO 31 MARCH 2023 STAFF COSTS Group 2023 £000 Group 2022 £000 Charfty 2023 £000 Charity 2022 £000 W49es and salaries Sooal security ￿$ts Ctsnthbulion lo defined contht#JlKJn pens schemes 22.677 1,666 21.616 1.623 21541 1.656 18.148 1,623 640 601 640 24.947 23.879 24,798 20.411 RedurKlancy costs of £61k were paxl in the year (2022: £30k). Th• avornge numbpr of F￿$￿s employed ty the Charity duiing year was as foltv*s: Group 2023 No. Grovp 2022 No. Charitable ac11v￿e$ Management and oir 1.063 117 921 145 The avwage headeount exfftsed as fLA141￿ eqillvalents was". Group 2023 No. Group 2022 No. Charitable ?c*vtss Management and olftes 656 126 821 782 The number of empbyees empbyee benefils (exduding empkwr penspJn Costs) exceeded £60.000 was.. Grotsp 2023 Group 2022 No. In Ihe band £60.001-£70.000 In Ihe band £80.CK)1 - £90.LTh)O In the band £90.001 - £100,¢XY) In the band £100,001- £110,(X)o The key management rwsonnd of the d￿ritY t￿n[￿lSe the Trustees. ihe ChEI ExeculThie. Director of People 8 Engagement, Director of 0pwab.ons & Devekjpment aThJ Director of Finance & Commer¢ial. The total emF*)yee benefits incbjding pen￿on contrthlion and Natsond InsurarKe of the key managernenl of p¥sonnel were £402k12022". £483k). Page 29 WALSINGHAM SUPPORT IA COMPANY UMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 kqARCH 2023 10. TRUSTEES. REMUNERATION AND EXPENSES During the year. no Tnjslees receNed ariy remuneralion or other bènèfits (2022- £NILI. Durin9 the year ended 31 March 2023. no Trustee expenses have been incurred12022- £NILI. 11. TAMGIBLE FIXED ASSETS GROUP AND CHARITY Freehold Flxtyres and Computer property ffttings equipment £000 £000 £000 Total t¢￿0 COST OR VALUATION At 1 April 2022 Addikn"ons Di%po$als 6,175 1145 19 11.5631 1A20 1Y 11.3101 9,740 38 (1.2241 (4.097 Al 31 March 2023 4.951 601 129 5.681 DEPRECIATION At 1 Wil 2￿22 Charge for the year On disposa 1M68 70 1.790 73 1.195 46 4,853 189 I1￿15) 11,1S61 (3.121) At 31 March 2023 1A88 85 1,921 NET BOOK VALUE At 31 MaTth 2023 3A63 253 3,760 At 31 Mar¢h 2022 4,307 355 225 4,887 Land wth a Val￿ of £1.6m (2022: £1.6m) s irtluded witrmn freehrAJ WOFerty and ￿*t depre¢ialed. Alt of the above assets are used for chaiitatle pwposes. 12. STOCKS Group 2023 £000 Group 2022 £000 Charlty 2023 £000 Charity 2022 £000 F￿$Shed goods and 9￿￿5 ftK res Pa9e 30 WALSINGHAM SUPPORT {A COMPANY UMITED BY GUARANTEE) NOTES TO THE FINAP4CIAL STATEMENTS FOR THE YEAR ENDED 31 PMRCH 2023 13. DEBTORS GTOUP 2023 Group 2022 £000 . Charity 2023 £000 Charity 2022 DUE WITHIN ONE YEAR Trade debtors Arwunls owed by group undertakings Other debto Pfepaymenls and ¥erued income 1,592 1.442 1,592 1.424 226 11 149 11 240 968 1.843 2.559 2.618 14. CREDrroRS: Amoupifs FALLING DUE YIITHIN ONE YEAR Group 2023 Group 2022 Charlty 2023 Éooo Charity 2022 Trade creditOTS Oiher tsxab.on and SOC￿ se¢w*y other credrtors Accrua15 and delerred IKon 912 912 34S 1.468 528 526 223 498 223 491 303 483 1.978 2.917 1,978 2,780 IS. CREDifoRS: AMOUNTS FALLING DUE AFtER MORE THAN ONE YEAR Group 2023 Éooo Grtyjp 2022 Charity 2023 £000 Charity 2022 £000 Trade creditors 325 458 325 458 Page 31 WALSINGHAM SUPPORT IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 16. STATEMENf OF FUNDS STATEMENY OF FUNDS. CURRE14T YEAR Balan¢¢ at 31 March 2023 £000 Bal•nce at I Aprll 2022 Transfe Inl¢ £000 In¢ome Expenditure £000 VNRESTrICTED FUNDS DESIGNATED FUNDS Business DeveloW￿￿E & Innovabon Fund$ Bill McLaughlin's Memwl Fund 315 {31S) 1981 1172} 162} Fixed Asset Fund Propety PortrolKI Fund 301h and 35th Annwetsary Fund Caravan Cvmbria Fund Sinknng Fund Misc. small frjnds 2.834 64 2.662 49 (3) 1491 {31 51 3.309 (21 2.662 GENERAL FUNDS General FuThls 76$ 27,680 128.8601 842 427 TOTAL UNRESTRICTED FUNDS 4,074 27,680 (28.8621 197 3,089 Page 32 WALSINGHAM SUPPORT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IMRCH 2023 1& Statsm•nt ol funds {Gonllnued) RESTRICTED FUNDS General Transport Fund Grant Funded Properb"es Ameruty F￿￿$ Swansea A55i%tive Technoh Swansea Projects Fund Swansea Housing Benefit Fund Pound Fami Restricted Fund 106 177 921 12 28 190 23 15 1,098 (5) 27 196 23 18 Communicab'on Fund Cf¥ative Leaming Volunteering Project (Time to GNel' Donl Stop Me NN- Swansea Fund Covid grants {29) 113) 13 32 {321 11911 203 495 11161 11971 1,373 TOTAL OF FUNDS 5.265 28,17S 128.978) 4N62 Purpose of restricted funds General TrarbSPOrt Fund - Rep￿sents the unspent batance Of n￿￿e$ paid by people wg support to pr(NhJe vehKle5 the￿￿ ComnwnKatton Fund - EststrAished duriThJ 2011-12 to holJ monies raised from the Golf Doy f¢y the pwse of helping Peo￿ supwted by th¢ tharity to communicate more effeEtTrvety. Grant Funded Properties - Represents the nel book value of Ihe cost of Ihe purchase and wnprovernent ol the charilies propert*s Initialty paid for by HealthlLocal Authorib"e5. See note 22 rggardlng the contingent liatxlty of the asseL Amenity Funds- Represents nThies raised indiwdual servKes lo spend on t1￿0 services. Swansea A55i5tive TeGhn¢4o)y Fund - Relates io Housing 6erEfft irwmè recerved for speafK purposes of Assistive Technokgy eq￿pment in the Swansea aw. Swansea Projeds Fund ILongfiebJs Sale) - Esta￿l$hed K) 201>14 with the prorzeds of Ihe sale of the Longfields site. the fvnd i8 to be used to enhanc* the INes of bidivtduals learning disabilities in and around the Swar￿8 area. In¢m in the year has been generated from interest morles held by the organultsx and appyiKmed based on the fvnd totsl. Swansea HousiNJ Benefrt Fund These fund5 were established in 2fK13. generated from additional Housing Benefit received in the year. whth the Cty & County of Swansea wuested we hoky ON their behalf. Page 33 WALSINGHAM SUPPORT IA COMPA14Y UMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2023 statement ol funds {continued) STATEMENT OF FUNDS- PRIOR YEAR Balance al 31 Mar¢h 2022 £000 Balance at 1 Aw'l 2021 Transfws inloul £000 In￿ffe Expenditure £000 UNRESTRICTED FUNDS DESIGNATED FUNDS Business Develosxr*nt & InnoVa￿n Funds McLaugNin'5 Memtyial Fund Fixed Asset Fund Property Portfol￿ Fund 30th and 35th Anniversary Fund Caravan Cumbria FUTh Sink"ng Fund Mistt small fijnds 315 315 93 98 2,834 64 2.834 (2) 48 13) 157) 131 {501 3.355 16 162) 3,309 GENEPAL FUNDS General Funds 12 26,738 (26.711) 726 TOTAL UNRESTRICTED FUNDS 3,367 26.754 126.773) 4,074 RESTRICTED FUNDS Gpneral Transwt FUTh3 Granl FurKled Properiies Amenity Funds Swansea A55iStive Technohjgy Swansèa Projects Fund Swansea Hcyjsing Benefit Fund PouTrd Farm Reslrthd Fund Cov*J Grants Comrrvjnication Fund Communication Fund Vclunleering Project io Give) 921 12 28 921 12 28 23 23 15 726 (726) 132) 129) 113) (131 WALSINGHAM SUPPORT {A COMPANY UMITED BY GUARANTEEI NOTES TO THE FINANCML STATEMENTS FOR THE YEAR ENDED 31 KIARCH 2023 16. Stal•fflent of {¢ontlnu•d) statemen¢ of fund$- prior year (contlnued) Balaru al 31 March 2022 £000 Ba￿nce at 1 Apffi 2021 Transfers inloul £000 IncomÈ Expenditure Donl st￿ Me N￿¥- g*an5ea Fund Don't Stop Me NLW- BIG Lottery 32 49 149} Amazon {Cteative LeamThig) (si 1.245 772 {1(Kll {T261 1,191 TOTAL OF FIINDS 4.612 27.526 {26.8731 5.285 17. SUMMARY OF FUNDS SUMMARY OF FUNDS- CURRENT YEAR Balance at 31 P41ar¢h 2023 £000 Balance •t I Aprll 2022 £000 Transfers Inloul £000 Income Expenditure £000 £000 Dgsignated funds Generat funds Restricted funds 3.309 765 (64S} 2,662 427 1J73 27.680 {28.8601 {1971 5.265 28.175 {28.9781 4A62 SUMMARY OF FUNDS- PRIOR YEAR Balance at 31 March 2022 £000 Balance al 1 ￿ri12021 £o)o Transfers inlout £0￿) Designated funds General funds Restricted funds 3.355 12 1.245 16 (621 P6,7111 11001 3.309 765 1.191 26.738 726 (726} 4.612 27.526 (26.8731 5,265 P4e 35 WALSINGHAM SUPPORT IA COPIPANY UMITED BY GUARANTEE} NOTES TO THE FINANCIAL STATEmETr￿S FOR THE YEAR ENDED 31 IhlARCH 2023 18. ANALYSIS OF N￿Ass￿5 BETWEEN FUNDS Anatysls ol net assets between fund5- current year Unrestrlcted Restricted funds funds 2023 2023 Éooo EOOO Total lunds 2023 £000 Tangible fixed assets Current assets Creditors due withrn one year Credi￿$ due in more than one ye 2,662 2,731 11.978) 1325) 1.098 275 3,760 (1.9781 {3251 TOTAL 3.090 1.373 4.463 Anafysls of not a$$¢ts between funds- wior yeai Unrestrtted fund5 2022 £000 Restn"cted fvnds 2022 £000 Total fvnds 2022 £000 Tangible fixed assets Current asseis Cfftditors due within year C￿d￿(y5 due in Ihan ￿e year 3,736 3.713 (2.917) {458) 1.151 40 4.887 3.7S3 12.9171 14581 TOTAL 4.074 1,191 5.265 19. R•¢on¢lllation of net movement In fundslo net eash Ilow from operatlng aetlvltles Group 2023 £000 Group 2022 tooo Nel InCry￿Jex￿ditu￿ for the yew {as Fer Slatement of Financial Actmbesl 18031 653 ADJUST&IEMTS FOR: Depreciation d)arges Profil on the sale olfixed as5Ets t)ecrease in debtors Increasell¢Jecreasel in rrnlitor5 189 (351 $80 18021 248 (425) 140 576 NEf CASH PROVIDED BYIIUSED IN) OPERATING ACTMTIES (8711 1.192 Page 36 WALSINGHAM SUPPORT (A COMPANY LIIAITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 20. Analysis of cash and ¢•$h equivalents Gioup 2022 £000 2023 £000 1.161 Cash in hand 1.193 TOTAL CASH AND CASH EQUIVALETr¥rs 1,161 1.193 21. An•ly$is of changes In net debt Al 1 AprIl 2022 Cash flows £000 At 31 March 2023 £000 Cash at bank and In harthJ 1,193 (311 1,16Z 1,193 (311 1.162 22. CONllNGENT LIABILMES The irdusion of grant funded properties in the balance sheet creates a contingent liat4.lity sin¢e these woperbes a￿ all to ¢har9es ty c¢venants restrictir4J their use for people with learnrllg disabilities. In the event 0ftr￿se propert￿ ceasing lo be used pe* wth leaming disabililies.. al ProFerties vAlh a nel bwk value at 31 March 2023 of £1.098k12022: £925k) would have to be handed over lo the Secretsry ol for Heath or thw"r successor. 23. PENSK)NS COMMfNENTS The group operates a defined ¢MtnlMrtion pensK)n gkn. The assels ofthe stheme are held separate from those Of the gmup in an Inde￿nd*Atty administered fvnd. The PenS￿n cost charge represents contribution5 Payab￿ by the group to the fuThY aThJ amounted to £600k12022: £495kl. Contribjlions of £229k12022.' £83kl were payable lo the fund at the balan￿ Sheet date and are in¢luded in creditors. The charity of also an aKyoved organisalw)n. the purp)se of th¢ Nalional Health Semce (Superannualiortl Re9ulation5 1980. making contributions to the National Health Service Pension Scheme for a small number of ex-NHS employee5. The S¢hème is regarded as a ststLrtory Sche￿￿ by the HMRC and is covered by section 22 of chapter 3 of the 1970 Finance ACL The contributions ofthe emF4oyer and employee are 14% 8rtd 6% respethety. As a statutory scheme. beneffts are fvlly guarantee¢J by the Govemment. Contributions from rneMbe￿ and empl)yer5 a￿ paKI to the Exchequer whkh meets the cost of the scheme tenefit& The Exchequer also pays for the cost of incr&75ing benefits each year by Ihe rate of infiation. This extra cost is not by contribut*)ns fr¢Jm 5theme members and emplc*yee5. Contributions to each of the schemes are charged to the Statemenl of Fll)ano* Activities in the period that tFw a￿ payabS2. Page 37 WALSINGHAM SUPPORT IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 MARCH 2023 OPERATING LEASE COMMIThIENTS At 31 March 2023 the Group and Ihe Charity had conynrfments to make future lease payments under n￿-canCelIa￿4e opetsts.ng leases as follows.. Group 2023 £000 Group 2022 £000 Not laterlhan 1 y Later than 1 year and not l*erthan 5 years 60 95 59 155 177 2& RELATED PARTY TRANSACTIONS Related party transactions for Ihe year ended 31 March 2023 amounted lo £Nil 12022.. £219kl for the Walsingham Support 9rcwJp. Payments made to Wal&n9ham sU￿rt Community Solutions mainty related to stsffin9 costs. Page 38