**Charity registration number 303006**
## **THE WALKER CRICKET GROUND**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2024**
## **THE WALKER CRICKET GROUND**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
## **Charity number**
## **Independent examiner**
R Ellwood D Lewis C Symonds (Appointed 17 July 2023) 303006 Azets Audit Services 5 Yeomans Court Ware Road Hertford Hertfordshire United Kingdom SG13 7HJ
## **THE WALKER CRICKET GROUND**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Statement of Trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 17|
## **THE WALKER CRICKET GROUND**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 5 APRIL 2024**_
As a registered charity the Trustees present this report along with the financial statements for the year ended 5th April 2024.
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:
- 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.
## **Achievements 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
## Cricket:
- Maccabi Vale
- London Schools
- National Cricket League
- Middlesex Seniors
- UCL Men’s
## Football:
- Southgate Adelaide Football Club,
- HGS FC
- Barnet Panthers FC
## Other:
- Palmers Green High School
- The Walker School
- Ashmole Academy
- Pro-Elite Football Academy
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.
- 1 -
## **THE WALKER CRICKET GROUND**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2024**_
## The Walker Ground offers a wide range of sports/activities:
- A Squash & Racketball Club
- Two Cricket Clubs
- A tennis, rugby, hockey club
- Up to U14’s Football
- 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
During 2023-2024 at any one time, there were three Trustees – Jeremy Dangerfield, Richard Ellwood and Dain Lewis.
Jeremy Dangerfield resigned as Chair on 18 July 2023 and Dain Lewis became the new Chair on this date.
Catherine Symonds also joined as a Trustee on this date.
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 a suggested minimum of six Trustees.
## Staff
General Manager, Keara Stapleton, left the Trust on 14 July 2023 and was replaced by Wendy Hall 1 August 2023.
The Trustees would like to thank Keara Stapleton for her hard work and welcome Wendy Hall as new General Manager. The Trustees also thank Steve Waters, Finance Officer for his continued hard work throughout the year 2023-2024.
Thanks also to Head Groundsman, Alan Torrington, and 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:
- Rental space in the Weld Car Park
- Daytime use of the six squash courts on site
- Multi Use Games Area (MUGA) on the site
- Improve energy efficiency of the building
## **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.
- 2 -
## **THE WALKER CRICKET GROUND**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2024**_
## **Plans for future periods**
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 CIO
- Replace the old boiler and windows to make the main building more energy efficient
- Improve income from existing offerings
- Security of the site including front gate, main entrance, extend security cameras, lights.
## 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 bi-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.
## **Reference and administrative details**
Registered Charity Number: 303006 Principal address: 175 Waterfall Road Southgate, London, N14 7JZ
## **Trustees**
J Dangerfield (Resigned 18 July 2023) R Ellwood D Lewis C Symonds (Appointed 17 July 2023)
This report is approved by order of the Board of Trustees and signed on its behalf by:
D Lewis **Trustee**
27 November 2024
- 3 -
## **THE WALKER CRICKET GROUND**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 5 APRIL 2024**_
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.
- 4 -
## **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 2024.
## **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
Dated: 29 November 2024
- 5 -
## **THE WALKER CRICKET GROUND**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 5 APRIL 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations
**3**
27,806
-
Charitable activities
**4**
347,032
38,939
Other trading activities
**5**
12,000
-
Investments
**6**
12,803
-
**Total income**
399,641
38,939
**Expenditure on:**
Charitable activities
**7**
322,182
40,604
**Net income/(expenditure) for**
**the year/**
**Net movement in funds**
77,459
(1,665)
Fund balances at 6 April 2023
700,187
72,347
**Fund balances at 5 April**
**2024**
777,646
70,682|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
27,806
23,895
-
385,971
304,447
58,608
12,000
12,000
-
12,803
7,425
-
438,580
347,767
58,608
362,786
340,990
32,554
75,794
6,777
26,054
772,534
693,410
46,293
848,328
700,187
72,347|**Total**
**2023**
**£**
23,895
363,055
12,000
7,425|
|---|---|---|
|||406,375|
|||373,544|
|||32,831
739,703|
|||772,534|
The statement of financial activities includes all gains and losses recognised in the year.
- 6 -
## **THE WALKER CRICKET GROUND**
## **BALANCE SHEET**
## _**AS AT 5 APRIL 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
Investments
**12**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**15**
Unrestricted funds|**2024**
**£**
342,683
(26,853)|**£**
532,497
1
532,498
315,830
848,328
70,682
777,646
848,328|**2023**
**£**
258,069
(30,016)|**£**
544,480
1|
|---|---|---|---|---|
|||||544,481
228,053|
|||||772,534|
|||||72,347
700,187|
|||||772,534|
The financial statements were approved by the Trustees on 27 November 2024
D Lewis **Trustee**
- 7 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 5 APRIL 2024**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements for The Walker Cricket Ground ('the Charity') have been prepared in accordance with the 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 (issued in October 2019) ('Charities SORP (FRS 102)'), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Charities Act 2011.
Under the Charities SORP (FRS 102), the Charity meets the definition of a public benefit entity.
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.
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted for small entities by FRS 102:
- the requirements of Section 7 Statement of Cash Flows.
## **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.
- 8 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2024**_
## **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**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 0%-5% straight line* Plant and equipment 25% reducing balance
*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 on a 5% straight line basis with effect from 6 April 2014.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
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.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 9 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2024**_
## **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 Retirement benefits**
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.
Payments to defined contribution pension scheme are charged as an expense as they fall due.
## **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.
- 10 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2024**_
## **3 Donations**
Donations and gifts
|**Unrestricted **|**Unrestricted**|
|---|---|
|**funds**|**funds**|
|**2024**|**2023**|
|**£**|**£**|
|27,806|23,895|
Donations and gifts includes a donation under gift aid from the subsidiary company, The Walker Ground Bar & Functions Limited, of £27,806 (2023: £23,895).
## **4 Charitable activities**
|**Annual**
**assessments**
**2024**
**£**
Income
86,656
Analysis by fund
Unrestricted funds
86,656
Restricted funds
-
86,656|**Squash**
**facilities**
**Users and**
**rents**
**Football**
**foundation**
**2024**
**2024**
**2024**
**£**
**£**
**£**
85,452
129,121
17,295
63,808
129,121
-
21,644
-
17,295
85,452
129,121
17,295|**Firework**
**events**
**2024**
**£**
67,447
67,447
-
67,447|**Total**
**2024**
**£**
385,971|
|---|---|---|---|
||||347,032
38,939|
||||385,971|
## **For the year ended 5 April 2023**
|**Annual**
**assessments**
**£**
Income
67,911
Analysis by fund
Unrestricted funds
67,911
Restricted funds
-
67,911|**Squash**
**facilities**
**Users and**
**rents**
**Football**
**foundation**
**£**
**£**
**£**
74,458
105,395
39,994
55,844
105,395
-
18,614
-
39,994
74,458
105,395
39,994|**Firework**
**events**
**£**
75,297
75,297
-
75,297|**Total**
**2023**
**£**
363,055|
|---|---|---|---|
||||304,447
58,608|
||||363,055|
- 11 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2024**_
## **5 Other trading activities**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Rental income received from subsidiary|12,000|12,000|
|**Investments**|||
||**Unrestricted **|**Unrestricted**|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Rental income|9,075|7,425|
|Interest receivable|3,728|-|
||12,803|7,425|
## **6 Investments**
- 12 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2024**_
## **7 Charitable activities**
|Maintenance costs
Squash courts expenditure
Fireworks costs
Other direct charitable expenditure
Football foundation expenditure
Governance costs
**Analysis by fund**
Unrestricted funds
Restricted funds|**2024**
**£**
131,305
17,486
26,230
159,071
20,978
355,070
7,716
362,786
322,182
40,604
362,786|**2023**
**£**
149,103
6,209
26,621
159,900
23,985|
|---|---|---|
|||365,818
7,726|
|||373,544|
|||340,990
32,554|
|||373,544|
Other direct charitable expenditure includes employment costs totalling £123,243 (2023: £123,143). Please see note 9 for further details.
Governance costs includes independent examiner fees of £3,000 (2023: £3,000) and fees payable in respect of accountancy sevices of £4,716 (2023: £4,726).
## **8 Trustees**
The Trustees, or any persons connected with them, were not paid or received any other benefits from employment with the Charity or its subsidiary in the year (2023: £Nil) neither were they reimbursed expenses during the year (2023: £Nil). No Trustee received payment for professional or other services supplied to the Charity (2023: £Nil).
- 13 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2024**_
## **9 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
4
**2024**
**£**
110,052
10,166
3,025
123,243|**2023**
**Number**
4|
|---|---|---|
|||**2023**
**£**
109,301
10,563
3,279|
|||123,143|
There were no employees whose annual remuneration was more than £60,000.
## **10 Taxation**
The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **11 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
|**Freehold land**
**and buildings**
**Plant and**
**equipment**
**£**
**£**
**Cost**
At 6 April 2023
517,501
190,519
Disposals
-
(932)
At 5 April 2024
517,501
189,587
**Depreciation and impairment**
At 6 April 2023
27,229
136,311
Depreciation charged in the year
3,192
8,774
Eliminated in respect of disposals
-
(915)
At 5 April 2024
30,421
144,170
**Carrying amount**
At 5 April 2024
487,080
45,417
At 5 April 2023
490,272
54,208|**Total**
**£**
708,020
(932)|
||707,088|
||163,540
11,966
(915)|
||174,591|
||532,497|
||544,480|
- 14 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2024**_
## **12 Fixed asset investments**
||**Investments in**|
|---|---|
||**subsidiaries**|
||**£**|
|**Cost or valuation**||
|At 6 April 2023 & 5 April 2024|1|
|**Carrying amount**||
|At 05 April 2024|1|
|At 05 April 2023|1|
## **13 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Other taxation and social security
Amounts owed to subsidiary undertakings
Other creditors
Accruals and deferred income|**2024**
**£**
-
15,835
4,088
6,930
26,853|**2023**
**£**
1,582
15,950
5,544
6,940|
|||30,016|
Other creditors includes amounts payable to a defined contribution pension scheme of £Nil (2022: £644) which is recognised as an unrestrcited liability.
## **14 Related party transactions**
During the year, the following transactions took place between the Charity and its wholly owned subsidiary, The Walker Ground Bar & Functions Limited.
- Rental payments for the operation of the bar at the ground of £12,000 (2023: £12,000).
- A donation under gift aid from the subsidairy to the Charity of £27,806 (2023: £23,895).
As at the year end, there are amounts owed to subsidiary undertakings of £15,835 (2023: £15,950) which are unsecured, interest free, have no fixed date of repayment and are repayable on demand.
- 15 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2024**_
## **15 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 2022**|**resources**|**expended**|**6 April 2023**|**resources**|**expended**|**5 April 2024**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Asda||||||||
|Foundation|22|-|(5)|17|-|(17)|-|
|Squash Court||||||||
|Maintenance|2,738|18,614|(6,209)|15,143|21,644|(17,486)|19,301|
|YOFE Tractor||||||||
|Fund|194|-|(194)|-|-|-|-|
|YOFE||||||||
|Container||||||||
|Fund|38|-|(38)|-|-|-|-|
|London||||||||
|Borough of||||||||
|Enfield Grant||||||||
|2014|25,477|-|(2,123)|23,354|-|(2,123)|21,231|
|Football||||||||
|Foundation|17,824|39,994|(23,985)|33,833|17,295|(20,978)|30,150|
||46,293|58,608|(32,554)|72,347|38,939|(40,604)|70,682|
Asda Foundation has donated funds for the development of the cricket ground and refurbishment of the main bar area.
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.
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 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.
The Football Foundation has granted funds for the development and maintenance of the football ground and the purchase of the necessary equipment.
- 16 -
## **THE WALKER CRICKET GROUND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2024**_
|**16**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**£**
**£**
Fund balances at 5
April 2024 are
represented by:
Tangible assets
482,084
50,413
Investments
1
-
Current assets/(liabilities)
301,891
13,939
783,976
64,352|**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
532,497
487,098
57,382
1
1
-
315,830
213,088
14,965
848,328
700,187
72,347|**Total**
**2023**
**£**
544,480
1
228,053|
|---|---|---|
|||772,534|
- 17 -