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2023-04-05-accounts

Charity registration number 303006

THE WALKER CRICKET GROUND

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

THE WALKER CRICKET GROUND

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Charity number

Independent examiner

R Ellwood D Lewis C Symonds

303006

Azets Audit Services 5 Yeomans Court Ware Road Hertford Hertfordshire United Kingdom SG13 7HJ

(Appointed 19 October 2022) (Appointed 17 July 2023)

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 - 18

THE WALKER CRICKET GROUND

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2023

As a registered charity the Trustees present this report along with the financial statements for the year ended 5th April 2023.

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 16th July 2014.

OBJECTIVES AND ACTIVITIES

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:

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.

ACHlEVEMENT AND PERFORMANCE

The current clubs that use the ground are: -

Other Groups:

Cricket:

Football:

THE WALKER CRICKET GROUND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Other:

The 6th 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‘“ 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.

The Walker Ground offers a wide range of sports/activities:

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 Keara Stapleton, General Manager and Steve Waters our Finance Officer for their hard work throughout the year 2022-2023.

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.

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:

THE WALKER CRICKET GROUND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

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 ofthe Walker Ground.

SUCCESS CRITERIA

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trust Deed stipulates that the trust should have a minimum of three Trustees.

The Trustees have monthly meetings.

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.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number: 303006 Principal address: 175 Waterfall Road Southgate, London, N14 7JZ

TRUSTEES

  1. Jeremy Dangerfield - Chair

  2. Richard Ellwood

  3. Dain Lewis

Jeremy Dangerfield resigned as Chair on 18 July 2023 and Dain Lewis became the new Chair on this date.

THE WALKER CRICKET GROUND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

This report is approved by order of the Board of Trustees and signed on its behalf by:

D Lewis Trustee Dated: 24 January 2024

THE WALKER CRICKET GROUND

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 5 APRIL 2023

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:

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.

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 2023.

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:

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

Dated: 24 January 2024

THE WALKER CRICKET GROUND

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations
3
23,895
-
Charitable activities
4
304,447
58,608
Other trading activities
5
12,000
-
Investments
6
7,425
-
Grants
7
-
-
Total income
347,767
58,608
Expenditure on:
Charitable activities
8
340,990
32,554
Net income for the year/
Net movement in funds
6,777
26,054
Fund balances at 6 April 2022
693,410
46,293
Fund balances at 5 April
2023
700,187
72,347		 Total Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
23,895
3,664
-
363,055
180,586
32,656
12,000
12,000
-
7,425
16,971
-
-
44,120
-
406,375
257,341
32,656
373,544
256,554
26,470
32,831
787
6,186
739,703
692,623
40,107
772,534
693,410
46,293		 Total
2022
£
3,664
213,242
12,000
16,971
44,120
289,997
283,024
6,973
732,730
739,703

The statement of financial activities includes all gains and losses recognised in the year.

THE WALKER CRICKET GROUND

BALANCE SHEET

AS AT 5 APRIL 2023

Notes
Fixed assets
Tangible assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
16
Unrestricted funds		 2023
£
-
258,069
258,069
(30,016)		 £
544,480
1
544,481
228,053
772,534
72,347
700,187
772,534		 2022
£
12,905
249,068
261,973
(33,980)		 £
511,709
1
511,710
227,993
739,703
46,293
693,410
739,703

The financial statements were approved by the Trustees on 24 January 2024

D Lewis Trustee

THE WALKER CRICKET GROUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

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.

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.

Income from Government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. In respect of the furlough grant; all conditions, with respect to the eligible costs being claimed, need to be met.

THE WALKER CRICKET GROUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

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 cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in net income/(expenditure) for the year.

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 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.

THE WALKER CRICKET GROUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

1 Accounting policies

(Continued)

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.

1.9 Taxation

The charity is exempt from tax on its charitable activities.

1.10 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.

1.11 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.

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.

The Trustees do not consider there are any critital accounting estimates.

THE WALKER CRICKET GROUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

3 Donations

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Donations and gifts 23,895 3,664

Donations includes a gift aid donation received from the subsidiary company, The Walker Ground Bar & Functions Limited for £23,895 (2022: £Nil)

4 Charitable activities

Annual
assessments
2023
£
Income
67,911
Analysis by fund
Unrestricted funds
67,911
Restricted funds
-
67,911		 Squash
facilities
Users and
rents
Football
foundation
2023
2023
2023
£
£
£
74,458
105,395
39,994
55,844
105,395
-
18,614
-
39,994
74,458
105,395
39,994		 Firework
events
2023
£
75,297
75,297
-
75,297		 Total
2023
£
363,055
304,447
58,608
363,055

For the year ended 5 April 2022

Annual
assessments
£
Income
88,577
Analysis by fund
Unrestricted funds
88,577
Restricted funds
-
88,577		 Squash
facilities
Users and
rents
Football
foundation
£
£
£
45,614
58,132
20,919
33,877
58,132
-
11,737
-
20,919
45,614
58,132
20,919		 Total
2022
£
213,242
180,586
32,656
213,242

THE WALKER CRICKET GROUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

5 Other trading activities

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Rental income received from subsidiary 12,000 12,000
6 Investments
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Rental income 7,425 16,971
7 Grants
Total Unrestricted
funds
2023 2022
£ £
Furlough income - 44,120

THE WALKER CRICKET GROUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

8 Charitable activities

Maintenance costs
Maintenance and admin costs - Squash courts
Fireworks costs
Other direct charitable expenditure
Football foundation expenditure
Share of governance costs
Analysis by fund
Unrestricted funds
Restricted funds		 2023
£
149,103
6,209
26,621
159,900
23,985
365,818
7,726
373,544
340,990
32,554
373,544		 2022
£
101,581
25,826
-
145,514
3,095
276,016
7,008
283,024
256,554
26,470
283,024

Share of governance costs includes independent examiner fees of £3,000 (2022: £2,640) and fees payable in respect of acountancy sevices of £4,726 (2022: £4,368)

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 (2022 - £nil)

10 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
4 4

THE WALKER CRICKET GROUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

10
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2023
2022
£
£
109,301
103,480
10,563
9,325
3,279
2,964
123,143
115,769		 (Continued)
2023
2022
£
£
109,301
103,480
10,563
9,325
3,279
2,964
123,143
115,769
115,769

There were no employees whose annual remuneration was more than £60,000.

11
Tangible fixed assets
Freehold land
and buildings
Plant and
equipment
£
£
Cost
At 6 April 2022
507,514
162,120
Additions
9,987
40,494
Disposals
-
(12,095)
At 5 April 2023
517,501
190,519
Depreciation and impairment
At 6 April 2022
24,037
133,888
Depreciation charged in the year
3,192
11,394
Eliminated in respect of disposals
-
(8,971)
At 5 April 2023
27,229
136,311
Carrying amount
At 5 April 2023
490,272
54,208
At 5 April 2022
483,477
28,232
12
Fixed asset investments		 Total
£
669,634
50,481
(12,095)
708,020
157,925
14,586
(8,971)
163,540
544,480
511,709
Other
investments
Cost or valuation
At 6 April 2022 & 5 April 2023 1
Carrying amount
At 05 April 2023 1
At 05 April 2022 1

THE WALKER CRICKET GROUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

12
Fixed asset investments
Other investments comprise:
Notes
Investments in subsidiaries
19
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
Amounts owed to subsidiary undertakings
Other creditors
Accruals and deferred income		 (Continued)
2023
2022
£
£
1
1
2023
2022
£
£
-
12,500
-
405
-
12,905
2023
2022
£
£
1,582
1,582
15,950
14,730
5,544
9,525
6,940
8,143
30,016
33,980		 (Continued)
2023
2022
£
£
1
1
2023
2022
£
£
-
12,500
-
405
-
12,905
2023
2022
£
£
1,582
1,582
15,950
14,730
5,544
9,525
6,940
8,143
30,016
33,980
2022
£
12,500
405
12,905
2022
£
1,582
14,730
9,525
8,143
33,980

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 and is recognised as an unrestricted expenditure. Contributions totalling £Nil (2022: £644) were payable to the fund at the balance sheet date which is recognised as an unrestrcited liability.

THE WALKER CRICKET GROUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

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 2021 resources expended 6 April 2022 resources expended 5 April 2023
£ £ £ £ £ £ £
Asda
Foundation 28 - (6) 22 - (5) 17
Squash Court
Maintenance 12,167 11,737 (21,166) 2,738 18,614 (6,209) 15,143
YOFE Tractor
Fund 257 - (63) 194 - (194) -
YOFE
Container
Fund 56 - (18) 38 - (38) -
London
Borough of
Enfield Grant
2014 27,599 - (2,122) 25,477 - (2,123) 23,354
Football
Foundation - 20,919 (3,095) 17,824 39,994 (23,985) 33,833
40,107 32,656 (26,470) 46,293 58,608 (32,554) 72,347

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.

THE WALKER CRICKET GROUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

17
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2023
2023
£
£
Fund balances at 5
April 2023 are
represented by:
Tangible assets
487,098
57,382
Investments
1
-
Current assets/(liabilities)
213,088
14,965
700,187
72,347		 Total
Unrestricted
funds
Restricted
funds
2023
2022
2022
£
£
£
544,480
485,739
25,970
1
1
-
228,053
207,670
20,323
772,534
693,410
46,293		 Total
2022
£
511,709
1
227,993
739,703

18 Related party transactions

During the year rent of £12,000 (2022: £12,000) was paid and a gift aid donation of £23,895 (2022: £Nil) was raised by The Walker Ground Bar & Functions Limited, a company owned by the Charity which operates the bar at the ground.

The charity is owed £Nil (2022: £12,500) by The Walker Ground Bar & Functions Limited through an unsecured, interest free loan that is repayable on demand.

The charity owe £15,950 (2022: £14,730) to The Walker Ground Bar & Functions Limited through an unsecured, interest free loan that is repayable on demand.

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 2023 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 2023 was £35,933 net assets (2022: £32,123)

The turnover in the year ending 31 March 2023 was £157,945 (2022: £146,752) with a profit after tax for the year of £27,705 (2022: £34,933)