**Charity Registration No. 303006**
## **THE WALKER CRICKET GROUND**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2021**
## **THE WALKER CRICKET GROUND**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
## **Charity number**
## **Independent examiner**
Mr A May Mr J Dangerfield
Mr R Ellwood
303006
Azets Audit Services 5 Yeomans Court Ware Road Hertford Hertfordshire United Kingdom SG13 7HJ
(Appointed 21 September 2021) (Appointed 21 September 2021)
## **THE WALKER CRICKET GROUND**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 20|
## **THE WALKER CRICKET GROUND**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 5 APRIL 2021**_
As a registered charity the Trustees present this report along with the financial statements for the year ended 5 th April 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 th July 2014.
## **OBJECTIVES AND ACHIEVEMENTS**
The objects of the Trust are to provide sporting and social facilities for the people of Southgate and surrounding boroughs.
The aims of the Trust are:
- To maintain its charity status.
- To provide sporting and social facilities to user club members and the local community.
- To work with and in the local community to ensure that all avenues are explored to maximise the ground’s usage.
- To extend the use of the ground’s facilities for the benefit of all User Clubs.
- To increase sport participation among the young people of Enfield/Southgate.
- To increase the facilities and participation of disabled sport.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities and developments.
## **ACHIEVEMENT AND PERFORMANCE**
The current clubs that use the ground are:Southgate Cricket Club, Southgate Adelaide Cricket Club, Southgate Squash & Racketball Club, Southgate Rugby FC, The Weld Tennis Club Southgate Adelaide Hockey Club
Other Groups:
## **Cricket:**
Macabbi Vale London Schools National Cricket League Middlesex CC
## **Football:**
Omonia Youth Football Club, Oakhill Tigers Football Club, Southgate Adelaide Football Club, Barnet Nightingales FC, Belsize Park FC 4D FC
## **Other:**
NFL Academy Palmers Green High School The Walker School
- 1 -
## **THE WALKER CRICKET GROUND**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
The 6 th Southgate Scout Group has used the ground since 1928 and has built its headquarters on the site.
The Little Oaks Montessori Nursery is situated in the hut of the 6 th Southgate Scouts.
## **SPORTS/ACTIVITIES**
The Walker Ground offers a wide range of sports/activities:
- A Squash & Racketball Club
- Two Cricket Clubs
- A tennis, rugby, hockey club
- An annual firework display
- Nursery and childcare provision
- Local Scouts group
- Special events
- Outside hire of the Pavilion space
- Team sports for children/young people/adults
- Spectator sports
- • Individual/Group sports coaching
The Trustees believe that ground usage appropriately reflects the ethnic diversity of the Southgate/Enfield area and is typical of the North London community.
The Trust are pleased to announce that as from September 2019, the World Squash Library has been based at the Walker Ground. This resource is run by our very own Andrew Shelley.
## **TRUSTEES**
Currently we have three Trustees – Alan May, Jeremy Dangerfield and Richard Ellwood.
According to our Trust Deed the trust should have a minimum of three Trustees and therefore we currently fulfil this requirement.
A facility the size of the Walker Ground should be administered and overseen by an absolute minimum of six Trustees.
## **STAFF**
The Trustees would like to thank our General Manager, Jas Bhatt and Steve Waters our Finance Officer for their hard work throughout the year.
Thanks also to our Head Groundsman, Alan Torrington and our Assistant Groundsman Jack Stapleton whose hard work and commitment has ensured our ground and pitches are the best in North London.
Bar Manager Stefan Drumea left the Walker Ground in December 2020.
Member of the bar staff, Sam Pinnock left the Walker Ground in October 2020.
- 2 -
## **THE WALKER CRICKET GROUND**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **FINANCIAL REVIEW**
The charity has generated a deficit of approximately £45K for the year. This is mainly due to the grounds being closed during the Coronavirus pandemic and sporting activities and events being postponed until July 2020. Once reopened, there was restricted use of the external playing areas and the indoor facilities including squash courts and The Walker Bar which limited our usual sports and hospitality revenue.
The Trust continues to explore opportunities to maintain and improve the revenue stream that keeps The Walker Ground financially viable. Ongoing ideas include:
- Proposed Dance Studio in original Tea Pavilion
- Flat development on the site of the Cottage
- Project with the MCCC
- MUGA on the site of the tennis courts
## **PRIORITIES FOR THE FUTURE**
Unfortunately, these priorities remain the same as last year which indicates the slow progress the Trust is making due to personnel and financial constraints.
However, these priorities remain essential for the future development of the Walker Ground.
- Move the Trust to a CLG
- Disabled access
- Security of the site including front gate, main entrance, extend security cameras, lights.
- New entrance/signage at front gate.
- Resurface car park.
## **SUCCESS CRITERIA**
- To provide a secure and safe environment for the playing of sports for all participants.
- To accommodate and promote a wide range of sports and social activities, ensuring optimum use, all year round.
- To make the ground available to and used by the wider community.
- To provide opportunities for young people to establish a life-long love of sport.
- To become financially viable.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Trust Deed stipulates that the trust should have a minimum of three Trustees.
The Trustees have monthly meetings but due to a lack of trustee’s, individual committees have been disbanded.
All meetings have an agenda and are minuted. Items for discussion include ongoing and future developments, staffing, events, finance, contracts and agreements.
The day-to-day running of the ground is overseen by the General Manager who is supported by other staff.
The Trust keeps the skill requirements for individual trustees under review.
## **RISK MANAGEMENT**
The Trust has identified the risks to which the Walker Ground is exposed. They have established systems and procedures to manage those risks.
- 3 -
THE WALKER CRICKEf GROUND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2021
RESERVES POUCY
Th8 charity has a policy (rf l¥)bJing £I,[th levels of resaves as a (XtijenCy to protecl against unfween
i?rcumsLYKe.
CORONAVIRUS
Due to the Coronavirus P8nderrK Ihe Walker Gr(KJThJ ck6ed the 20th 2020.
After the first lockdovm we 0[ed for Cricket n èaty Juty a1 for squath InAuSL
We dso had to do88 for 4 weeks in Novemlw and again the 20th December.
Our annual Firework Display was lcee0 due the pathTNC.
MrAMay
Trustee
## **THE WALKER CRICKET GROUND**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 5 APRIL 2021**_
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 of the incoming resources and application of resources of the Charity for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and 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 trust deed. They 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.
- 5 -
## **THE WALKER CRICKET GROUND**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WALKER CRICKET GROUND**
I report to the Trustees on my examination of the financial statements of The Walker Cricket Ground (the Charity) for the year ended 5 April 2021.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
Azets Audit Services
5 Yeomans Court Ware Road Hertford Hertfordshire SG13 7HJ United Kingdom
Dated: 23 December 2021
- 6 -
## **THE WALKER CRICKET GROUND**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 5 APRIL 2021**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
95,896
-
Charitable activities
**4**
86,608
8,436
Other trading activities
**5**
1,000
-
Investments
**6**
18,600
-
Other income
**7**
5,400
-
**Total income**
207,504
8,436
**Expenditure on:**
Charitable activities
**8**
227,348
29,140
**Net expenditure for the year/**
**Net movement in funds**
(19,844)
(20,704)
Fund balances at 6
April 2020
712,467
60,811
**Fund balances at 5**
**April 2021**
692,623
40,107|**Total**Unrestricted
Restricted
funds
funds
**2021**
2020
2020
**£**
**£**
**£**
95,896
3,000
-
95,044
168,002
14,619
1,000
67,516
-
18,600
18,600
-
5,400
-
-
215,940
257,118
14,619
256,488
275,352
10,371
(40,548)
(18,234)
4,248
773,278
730,701
56,563
732,730
712,467
60,811|Total
2020
**£**
3,000
182,621
67,516
18,600
-
271,737
285,723
(13,986)
787,264
773,278|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 7 -
THE WALKER CRICKET GROUND
BALANCE SHEET
ASAT5APRIL 2021
2021
2020
Flxed assets
Tangible assots
Investments
11
12
514.513
.931
514.514
Curv•nt a660ts
Debtors
Cash * bank and in hand
13
35.733
Z31.607
15,775
277.889
267,340
293,664
Creditors: amounts falllng wrthin
one year
14
(44.541)
{29.SCM))
264,164
Total assets less Cufrent liabilities
732.730
778,678
Crgdllors: amounts falling due afkr
mor• than one year
15
(5.4001
732.730
773.278
Income fvnds
Restrited funds
Unrèstricted funds
17
40.107
692.623
60.811
712,467
732.730
773.278
The )InaTl stateMts were apwov&J by th8 Trustees on ...
MrAMay
Tw$l¢•
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the Charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for a period of at least 12 months from the approval of the financial statements . Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the Charity 's ability to continue as a going concern. For example, the extent of the impact of coronavirus is unclear and it is difficult to evaluate all the potential implications on the Charity's activities and the wider economy.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
## **1.4 Income**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
- 9 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **1 Accounting policies**
## **(Continued)**
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1.6 Tangible fixed assets**
## **Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **Freehold land and buildings**
Freehold land and buildings acquired prior to 5 April 1974 are included at a nominal figure of £1. Additions and improvements to the buildings since that date to 5 April 2009 are included at cost. Depreciation is not provided as the estimated residual value of the additions and improvements are not materially different from the carrying amount.
Additions and improvements to the buildings since 6 April 2009 are stated at cost less depreciation. Depreciation is provided to write off these fixed assets over twenty years on a straight line basis with effect from 6 April 2014.
## **Equipment and furnishings**
Equipment and furnishings are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of these fixed assets, less their estimated residual value, over their expected useful lives at 25% per annum on the reducing balance basis.
## **Impairment of fixed assets**
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the Charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
## **1.8 Impairment of fixed assets**
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
- 10 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 Financial instruments**
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity 's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost .
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
## **1.10 Taxation**
The charity is exempt from tax on its charitable activities.
## **1.11 Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **1.12 Government grants**
Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met . Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable . A grant received before the recognition criteria are satisfied is recognised as a liability.
- 11 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **2 Critical accounting estimates and judgements**
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Donations and gifts|25,013|3,000|
|Furlough income|70,883|-|
||95,896|3,000|
- 12 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **4 Charitable activities**
|**Annual**
**assessments**
**2021**
**£**
Income
48,586
Analysis by fund
Unrestricted funds
48,586
Restricted funds
-
48,586|**Squash**
**facilities**
**Occasional**
**users and rents**
**2021**
**2021**
**£**
**£**
11,147
35,311
2,711
35,311
8,436
-
11,147
35,311|**Total**
**2021**
**Annual**
**assessments**
**2020**
**£**
**£**
95,044
75,940
86,608
75,940
8,436
-
95,044
75,940|**Squash**
**facilities**
**Occasional**
**users and**
**rents**
**2020**
**2020**
**£**
**£**
59,797
46,884
45,178
46,884
14,619
-
59,797
46,884|**Total**
**2020**
**£**
182,621
168,002
14,619
182,621|
|---|---|---|---|---|
- 13 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **5 Other trading activities**
|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2021**|2020|
|||**£**|£|
||Trading activity income: other|1,000|67,516|
|**6**|**Investments**|||
|||**Unrestricted**|Unrestricted|
|||**funds**|funds|
|||**2021**|2020|
|||**£**|£|
||Rental income|18,600|18,600|
|**7**|**Other income**|||
|||**Unrestricted**|Total|
|||**funds**||
|||**2021**|2020|
|||**£**|£|
||Gift aid donation from subsidiary|5,400|-|
Other income is the gift aid donation received from the subsidiary company, The Walker Ground Bar & Functions Limited.
- 14 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **8 Charitable activities**
|Maintenance costs
Maintenance and admin costs - Squash courts
Fireworks costs
Other direct charitable expenditure
Share of governance costs
**Analysis by fund**
Unrestricted funds
Restricted funds|**2021**
**£**
62,985
26,903
-
160,128
250,016
6,472
256,488
227,348
29,140
256,488|**2020**
**£**
85,379
8,096
21,330
163,286
278,091
7,632
285,723
275,352
10,371
285,723|
|---|---|---|
## **9 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
## **Trustees' expenses**
There were no Trustee expenses in the year (2020 - £nil)
- 15 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **10 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2021**
**Number**
4
**2021**
**£**
106,365
5,829
3,191
115,385|**2020**
**Number**
4
**2020**
**£**
98,180
6,132
2,726
107,038|
|---|---|---|
There were no employees whose annual remuneration was £60,000 or more.
## **11 Tangible fixed assets**
|**Freehold land**
**and buildings**
**Plant and**
**equipment**
**£**
**£**
**Cost**
At 6 April 2020
507,514
142,904
Additions
-
5,000
At 5 April 2021
507,514
147,904
**Depreciation and impairment**
At 6 April 2020
17,985
117,920
Depreciation charged in the year
3,025
6,558
At 5 April 2021
21,010
124,478
**Carrying amount**
At 5 April 2021
486,504
23,426
At 5 April 2020
489,529
24,984|**Total**
**£**
650,418
5,000
655,418
135,905
9,583
145,488
509,930
514,513|
|---|---|
- 16 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **12 Fixed asset investments**
||**Other**|
|---|---|
||**investments**|
|**Cost or valuation**||
|At 6 April 2020 & 5 April 2021|1|
|**Carrying amount**||
|At 05 April 2021|1|
|At 05 April 2020|1|
Fixed asset investments represents the investment in the wholly owned subsidiary undertaking, The Walker Ground Bar & Functions Limited, which is incorporated in the United Kingdom (company number 11025603). The principal activity of the company is to provide bar and function services. The available profits for the year are donated to the Walker Cricket Ground Trust.
During the year ended 31 March 2021 The Walker Ground Bar & Functions Limited made a loss of £10,203 (2020 - profit of £7,392), the prior year profit was donated by way of gift aid to The Walker Cricket Ground Trust.
## **13 Debtors**
|**Amounts falling due within one year:**
Amounts owed by subsidiary undertakings
Other debtors
**14**
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Amounts owed to subsidiary undertakings
Other creditors
Accruals and deferred income
**15**
**Creditors: amounts falling due after more than one year**
Other creditors|**2021**
**£**
25,000
10,733
35,733
**2021**
**£**
1,582
3,387
14,730
10,720
14,122
44,541
**2021**
**£**
-|**2020**
**£**
10,270
5,505
15,775
**2020**
**£**
1,722
-
-
8,333
19,445
29,500
**2020**
**£**
5,400|
|---|---|---|
- 17 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **16 Retirement benefit schemes**
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.
The pension cost charge represents contributions payable by the company to the fund. Contributions totalling £966 (2020 - £Nil) were payable to the fund at the balance sheet date.
## **17 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**6 April 2019**|**resources**|**expended**|**6 April 2020**|**resources**|**expended**|**5 April 2021**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Asda||||||||
|Foundation|52|-|(14)|38|-|(10)|28|
|Squash||||||||
|Court||||||||
|Maintenance|24,111|14,619|(8,096)|30,634|8,436|(26,903)|12,167|
|YOFE||||||||
|Tractor Fund|455|-|(113)|342|-|(85)|257|
|YOFE||||||||
|Container||||||||
|Fund|100|-|(25)|75|-|(19)|56|
|London||||||||
|Borough of||||||||
|Enfield Grant||||||||
|2014|31,845|-|(2,123)|29,722|-|(2,123)|27,599|
||56,563|14,619|(10,371)|60,811|8,436|(29,140)|40,107|
## **Restricted funds**
The Squash Court Maintenance fund has been established to ring fence part of Southgate Squash & Racketball Club income for maintenance of the squash courts located at the Charity's premises.
The London Borough of Enfield Grant 2014 fund relates to the grant received from Enfield Residents Priority Fund to improve elements of infrastructure on the premises including renovation of the former tea pavilion and installation of disabled toilets.
Asda Foundation has donated funds for the development of the cricket ground and refurbishment of the main bar area.
During the year ended 5 April 2010, YOFE awarded £4,750 for the purchase of a tractor/spiker which was purchased in January 2011.
During the year ended 5 April 2010, YOFE awarded £1,095 for the purchase of a large container to store sport equipment which was purchased in November 2010.
- 18 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
|**18**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**£**
**£**
Fund balances at 5
April 2021 are
represented by:
Tangible assets
481,673
28,257
Investments
1
-
Current assets/
(liabilities)
216,674
6,125
Long term liabilities
-
-
698,348
34,382|**Total**Unrestricted
funds
Restricted
funds
**2021**
2020
2020
**£**
£
£
509,930
483,913
30,600
1
1
-
222,799
233,953
30,211
-
(5,400)
-
732,730
712,467
60,811|Total
2020
£
514,513
1
264,164
(5,400)
773,278|
|---|---|---|
## **19 Related party transactions**
## **Transactions with related parties**
During the year the Charity entered into the following transactions with related parties:
During the year rent of £1,000 (2020 - £12,000) was paid by Walker Ground Bar & Functions Limited, a company owned by the Charity which operates the bar at the ground.
The Charity has also lent £ 25,000 to Walker Ground Bar & Functions Limite d . The loan is interest free and repayable on demand. This amount has been included within debtors. Additionally, the charity owes £14,730 to Walker Ground Bar & Functions Limited. This loan is also interest free and repayable on demand and has been included within creditors.
## **20 Subsidiaries**
These financial statements are separate Charity financial statements for The Walker Ground Bar & Functions Limited.
Details of the Charity's subsidiaries at 5 April 2021 are as follows:
|**Name of undertaking**|**Registered**|**Nature of business**|**Class of**|**% Held**|
|---|---|---|---|---|
||**office**||**shares held**|**Direct Indirect**|
|The Walker Ground Bar &|The Walker|Bar, vending and catering|Ordinary|100.00|
|Functions Limited|Cricket Ground,|services|||
||Waterfall Road,||||
||London, N14||||
||7JZ||||
- 19 -
## **THE WALKER CRICKET GROUND**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **20 Subsidiaries**
**(Continued)**
The company number for The Walker Ground Bar & Functions Limited is 11025603.
The net current assets/liability position for the year ended 31 March 2021 was £2,810 net current liabilities (2020: £7,393 net current assets)
The turnover in the year ending 31 March 2021 was £23,038 (2020: £152,802) with a loss after tax for the year of £10,203 (2020: profit of £7,392)
- 20 -