**Charity registration number 303006**
## **THE WALKER CRICKET GROUND**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2022**
## **THE WALKER CRICKET GROUND**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mr A May Mr J Dangerfield Mr R Ellwood
Mr D Lewis
(Appointed 21 September 2021) (Appointed 21 September 2021) (Appointed 19 October 2022)
**Charity number** 303006
## **Independent examiner**
Azets Audit Services 5 Yeomans Court Ware Road Hertford Hertfordshire United Kingdom SG13 7HJ
## **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 2022**_
As a registered charity the Trustees present this report along with the financial statements for the year ended 5[th] April 2022.
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 Seniors UCL Men's Guy's, King's & Thomas's CC
## **Football:**
Omonia Youth Football Club, Oakhill Tigers Football Club, Southgate Adelaide Football Club, Barnet Nightingales FC, Belsize Park FC HGS FC
## **Other:**
UCL Lacrosse Palmers Green High School The Walker School Ashmole Academy Pro-Elite Football Academy
- 1 -
## **THE WALKER CRICKET GROUND**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_
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.
The Walker Ground has been home to Create Theatre School since May 2021.
The Albanian Language School have used the grounds for Saturday school since March 2022.
## **SPORTS/ACTIVITIES**
The Walker Ground offers a wide range of sports/activities:
- A Squash & Racketball Club
- Two Cricket Clubs
- A tennis, rugby, hockey club
- Nursery and childcare provision
- Local Scouts group
- World Squash Library
- 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.
## **TRUSTEES**
Currently we have three Trustees – Jeremy Dangerfield, Richard Ellwood and Dain Lewis.
According to our Trust Deed the trust should have a minimum of three Trustees. 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 Steve Waters our Finance Officer for his hard work throughout the year and Jas Bhatt who was the General Manager until November 2021. Keara Stapleton joined The Walker Ground as Manager in November 2021.
Thanks also to our Head Groundsman, Alan Torrington, and our Assistant Groundsman Jack Stapleton whose hard work and commitment to a high standard of playing surfaces for the numerous sports played at The Walker Ground.
- 2 -
## **THE WALKER CRICKET GROUND**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_
## **FINANCIAL REVIEW**
The Trust continues to explore opportunities to maintain and improve the revenue stream that keeps The Walker Ground financially viable. Ongoing ideas include:
- Rental space in the Weld Car Park
- Daytime use of the six squash courts on site
- 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.
- 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 CRICKET GROUND
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2022
RESERVES POLICY
The charity has a poly of Ib)kJ9 £50.( le*b ol reseryes as a conb'ngery lo protea a9&n5t unforeseen
circumstance.
This repc¥t 15 apwoved by rd ofTntstees and on its behatr by."
Mr J DangerrId
Trustee
## **THE WALKER CRICKET GROUND**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 5 APRIL 2022**_
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 2022.
## **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**
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
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.
## **Alison Nayler BSc, F.C.A**
Azets Audit Services 5 Yeomans Court Ware Road Hertford Hertfordshire SG13 7HJ United Kingdom
30/01/2023 Dated: .........................
- 6 -
## **THE WALKER CRICKET GROUND**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 5 APRIL 2022**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
47,784
-
Charitable activities
**4**
182,787
22,701
Other trading activities
**5**
12,000
-
Investments
**6**
16,971
-
Other income
**7**
-
-
**Total income**
259,542
22,701
**Expenditure on:**
Charitable activities
**8**
251,895
23,375
**Net income/(expenditure) for**
**the year/**
**Net movement in funds**
7,647
(674)
Fund balances at 6 April 2021
692,623
40,107
**Fund balances at 5 April**
**2022**
700,270
39,433|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
47,784
95,896
-
205,488
86,608
8,436
12,000
1,000
-
16,971
18,600
-
-
5,400
-
282,243
207,504
8,436
275,270
227,348
29,140
6,973
(19,844)
(20,704)
732,730
712,467
60,811
739,703
692,623
40,107|**Total**
**2021**
**£**
95,896
95,044
1,000
18,600
5,400
215,940
256,488
(40,548)
773,278
732,730|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
- 7 -
THE WALKER CRICKET GROUND
BALANCE SHEEr
ASAT 5APRIL 2022
2022
Z021
Fix¢d assets
Tan9JJk assets
IfiStrnents
11
12
511,709
511.710
$09.931
Cash at bank in hand
13
I2.5
249.(W
231.e07
CTrdltorn: amounts falllng due withln
one yfrar
261,973
267.340
14
133.9801
144.541)
Net curTrnt assets
227.993
222.799
T¢Xal assets * current liabilit
739.703
732.730
Income fitnd5
Reskn(Aed fvnds
UnrestnraÈd fiJrvJ#
16
40.107
692.623
71XJ.2ID
739,703
732,730
30101/2023
The financgal statements weie approved by the Trustees on.........................
Mr J Darwf*bJ
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 5 APRIL 2022**_
## **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 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 amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. 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.
## **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.
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.
- 9 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_
## **1 Accounting policies**
**(Continued)**
## **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 2022**_
## **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 payments 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 received 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 2022**_
## **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|
||**2022**|2021|
||**£**|£|
|Donations and gifts|3,664|25,013|
|Furlough income|44,120|70,883|
||47,784|95,896|
- 12 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_
## **4 Charitable activities**
|**Annual**
**assessments**
**2022**
**£**
Income
88,577
Analysis by fund
Unrestricted funds
88,577
Restricted funds
-
88,577|**Squash**
**facilities**
**Occasional**
**users and rents**
**2022**
**2022**
**£**
**£**
58,779
58,132
36,078
58,132
22,701
-
58,779
58,132|**Total**
**2022**
**Annual**
**assessments**
**2021**
**£**
**£**
205,488
48,586
182,787
48,586
22,701
-
205,488
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**
**£**
95,044|
|---|---|---|---|---|
|||||86,608
8,436|
|||||95,044|
- 13 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2022**_
## **5 Other trading activities**
|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2022**|2021|
|||**£**|£|
||Trading activity income: other|12,000|1,000|
|**6**|**Investments**|||
|||**Unrestricted**|Unrestricted|
|||**funds**|funds|
|||**2022**|2021|
|||**£**|£|
||Rental income|16,971|18,600|
|**7**|**Other income**|||
|||**Total**|Unrestricted|
||||funds|
|||**2022**|2021|
|||**£**|£|
||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 2022**_
## **8 Charitable activities**
|Maintenance costs
Maintenance and admin costs - Squash courts
Other direct charitable expenditure
Share of governance costs
**Analysis by fund**
Unrestricted funds
Restricted funds|**2022**
**£**
101,581
21,167
145,514
268,262
7,008
275,270
251,895
23,375
275,270|**2021**
**£**
62,985
26,903
160,128|
|---|---|---|
|||250,016
6,472|
|||256,488|
|||227,348
29,140|
|||256,488|
## **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 (2021 - £nil)
- 15 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_
## **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|**2022**
**Number**
4
**2022**
**£**
103,480
9,325
2,964
115,769|**2021**
**Number**
4|
|---|---|---|
|||**2021**
**£**
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 2021
507,514
147,904
Additions
-
14,216
At 5 April 2022
507,514
162,120
**Depreciation and impairment**
At 6 April 2021
21,011
124,478
Depreciation charged in the year
3,026
9,410
At 5 April 2022
24,037
133,888
**Carrying amount**
At 5 April 2022
483,477
28,232
At 5 April 2021
486,504
23,426|**Total**
**£**
655,418
14,216|
|---|---|
||669,634|
||145,489
12,436|
||157,925|
||511,709|
||509,930|
- 16 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2022**_
## **12 Fixed asset investments**
|**Cost or valuation**
At 6 April 2021 & 5 April 2022
**Carrying amount**
At 05 April 2022
At 05 April 2021
**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|**Other**
**investments**
1
1
1
**2022**
**2021**
**£**
**£**
12,500
25,000
405
10,733
12,905
35,733
**2022**
**2021**
**£**
**£**
1,582
1,582
-
3,387
14,730
14,730
9,525
10,720
8,143
14,122
33,980
44,541|
|---|---|
## **15 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 Charity to the fund. Contributions totalling £644 (2021 - £966) were payable to the fund at the balance sheet date.
- 17 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_
## **16 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 2020**||**resources**|**expended**
**6 April 2021**|||**resources**|**expended**
**5 April 2022**|||
||**£**|**£**|**£**||**£**|**£**|**£**||**£**|
|Asda||||||||||
|Foundation|38|-|(10)||28|-|(6)||22|
|Squash Court||||||||||
|Maintenance|30,634|8,436|(26,903)|12,167||22,701|(21,166)|13,702||
|YOFE Tractor||||||||||
|Fund|342|-|(85)||257|-|(63)||194|
|YOFE||||||||||
|Container||||||||||
|Fund|75|-|(19)||56|-|(18)||38|
|London||||||||||
|Borough of||||||||||
|Enfield Grant||||||||||
|2014|29,722|-|(2,123)|27,599||-|(2,122)|25,477||
||60,811|8,436|(29,140)|40,107||22,701|(23,375)|39,433||
## **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.
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## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2022**_
|**17**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 5
April 2022 are
represented by:
Tangible assets
485,739
25,970
Investments
1
-
Current assets/(liabilities)
214,530
13,463
700,270
39,433|**Total**
Unrestricted
funds
Restricted
funds
**2022**
2021
2021
**£**
£
£
511,709
481,673
28,257
1
1
-
227,993
210,949
11,850
739,703
692,623
40,107|Total
2021
£
509,930
1
222,799|
|---|---|---|
|||732,730|
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## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2022**_
## **18 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 £12,000 (2021 - £1,000) was paid by The Walker Ground Bar & Functions Limited, a company owned by the Charity which operates the bar at the ground.
The charity is owed £12,500 (2021 - £25,000) by The Walker Ground Bar & Functions Limited. The loan is interest free and repayable on demand. This amount is included within debtors.
The charity owe £14,730 (2021 - £14,730) to The Walker Ground Bar & Functions Limited. This loan is interest free and repayable on demand and has been included within creditors.
## **19 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 2022 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||||
The company number for The Walker Ground Bar & Functions Limited is 11025603.
The net assets position for the year ended 31 March 2022 was £32,123 net assets (2021: £2,810 net liabilities)
The turnover in the year ending 31 March 2022 was £146,752 (2021: £23,038) with a profit after tax for the year of £34,933 (2021: loss of £10,203)
- 20 -