2023-09-30-accounts

Contents			Page
Introduction
Strategic report
Objectives and activities
Achievements	and performance
Financial review
Plans for future periods
Principal risks	and uncertainties		10
Structure, governance	and management
Statement oftrustees'	responsibilities		13
Reference and administrative details			14
Independent Auditor's	Report		15
Consolidated Statement ofFinancial Activities			17
Consolidated Summary	Income and Expenditure	Account	t8
Balance Sheets			tg
Consolidated Statement ofCash Flows			20
Notes to the Accounts			at-38

		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds	Funds	Funds
					2023	2022
	Notes	6	6		6	6
Income from
Donations, legacies &grants
Donations &grants		7,165	702		7,867	39,488
Legacies		5,000			5,000	52,537
Charitable activities
Membership & training	s	2,153,716			2,153,716	2,129,331
Educational activities	s	39,483	134,295		173,778	6,625,751
Public Affairs	3	540			540	2,170
Other trading activities		982,299	718		983,017	1,024,513
Investments	s	132,525	202,855	1,572	336,952	157,326
Total income		3,320,728	338,570	1,572	3,660,870	10,031,116
Expenditure on
Raising funds
Trading activities	s	(839,691)			(839,691)	(792,589)
Chantable activities
Membership &training	s	(2,057,156)			(2,057,156)	(2,234,983)
Educational activities	s	(545,528)	(201,113)		(746,641)	(796,418)
Public Affairs	s	(525,405)			(525,405)	(559,986)
Total expenditure		(3,967,780)	(201,113)		(4,168,893)	(4,383,976)
(Losses) on investments		(174,916)	(23,625)	(2,179)	(200,720)	(67,704)
Net income I (expenditure)		(821,968)	113,832	(607)	(708,743)	5,579,436
Transfers between funds		(36,000)	36,000
Net movement in funds		(857,968)	149,832	(607)	(708,743)	5,579,436
Reconciliation offunds
Total funds brought forward		5,459,496	8,484,110	54,810	13,998,416	8,418,979
Total funds carried forward	20	4,601,528	8,633,942	54,203	13,289,673	13,998,415

				All income	All income
				funds	funds
				2023	2022
				6	8
Income				3,325,491	9,873,791
Losses on investments				(198,541)	(67,704)
Interest and investment			income	335,380	157,326
Gross income	in	the year		3,462,330	9,963,413
Expenditure				(4,150,904)	(4,373,207)
Depreciation				(17,990)	(10,770)
Total expenditure		in the year		(4,168,894)	(4,383,977)
Net income/(expenditure)			before tax	(706,564)	5,579,435
Tax payable
Net expenditure		for the	year	(706,564)	5,579,436

Com an number:	Com an number:	02517690	02517690	02517690
						Consolidated		~Com	an
					Notes	2023	2022	2023	2022
						8	8		8
Fixed assets
Tangible assets					11a	312,499	321,849	312,499	321,849
Investments					12	4,178,893	4,751,857	4,178,893	4,751,857
Investment	in subsidiary			undertaking				100,100	100,100
						4,491,392	5,073,706	4,591,492	5,173,806
Current assets
Stock						45,233	32,555
Debtors					13	558,732	589,760	309,420	357,738
Investments- short			term	deposits		7,116,506	2,116,362	7,116,506	2,116,362
Cash at bank and		in	hand			1,742,553	6,756,090	1,547,517	6,602,272
						9,463,024	9,494,767	8,973,443	9,076,372
Creditors:	amounts		falling due within one year		14	(664,743)	(570,057)	(318,165)	(294,665)
Net current	assets					8,798,281	8,924,710	8,655,278	8,781,707
Total net assets						13,289,673	13,998,416	13,246,770	13,955,513
Funds
Endowment	funds				is	54,203	54,810	54,203	54,810
Restricted funds					tc	8,633,942	8,484,110	8,633,942	8,484,110
Unrestricted	funds				21	4,601,528	5,459,496	4,558,625	5,416,593
Total funds						13,289,673	13,998,416	13,246,770	13,955,513

							2023	2022
							6	6
Cash used in operating activities							(713,949)	7,353,645
Cash flows from investing	activities
Dividends &interest from	investments						336,952	157,326
Purchase oftangible fixed	assets						(8,640)	(10,440)
Purchase ofinvestments							(127,756)	(1,110,821)
Sale of investment							500,000	500,000
Net cash provided by investing		activities					700,556	(463,935)
Change in cash and cash equivalents				in the	year		(13,393)	6,889,710
Cash and cash equivalents	at the	beginning			ofthe year		8,872,453	1,982,741
Cash and cash equivalents	at the		end ofthe year				8,859,060	8,872,451
Reconciliation of net movements			in	funds	to net cash flow from operating	activities
Net expenditure for the reporting period ended 30September 2023
as per Statement of Financial Activity							(708,743)	5,579,437
Depreciation charge							17,990	10,770
Loss on investments							200,720	67,704
Dividends and interest							(336,952)	(157,326)
Decrease(increase) in stock							(12,678)	22,881
Decrease in stock held for resale								2,001,465
(Increase) decrease in debtors							31,028	(101,030)
Increase (decrease) in creditors							94,687	(70,256)
Net cash used in operating	activities						(713,948)	7,353,645
Analysis ofcash and cash	equivalents
Cash at bank							1,742,553	6,756,090
Short-term deposits							7,116,506	2,116,362
							8,859,059	8,872,452

2.Income	from donations,	legacies 8 grants	2023	2022
			6
Donations	&grants		7,867	39,488
Legacies			5,000	52,537
			12,867	92,025

3.Income	from charitable	from charitable	from charitable	from charitable	activities	activities			2023	2022
									f	6
Membership	& training
Subscriptions									2,122,114	2,091,668
Membership support				and	events				31,602	37,663
									2,153,716	2,129,331
Education
Denman	at Home course				income				134,295	116,394
Other educational			activities						39,483	6,509,358
									173,778	6,625,752
Public affairs
Events									540	2,170
										2,170
Total									2,328,034	8,757,252
4. Income	from other			trading		activities			2023	2022
Trading subsidiary		turnover			and other operating			income	2,090,261	2,105,724
Payment to	trading		subsidiary			eliminated	on consolidation		(1,107,962)	(1,116,230)
Rental income									3,115	15,546
Other									718	19,473
									986,132	1,024,513

									2023	2022
Sales									1,888,584	1,947,539
Raffle income									71,290	70,285
Other operating	income								130,388	87,901
Interest receivable									624	154
									2,090,886	2,105,879
Cost ofsales &	distribution			costs					(1,576,742)	(1,533,875)
Raffle costs including			allocation			to federations			(54,390)	(54,498)
Administration									(316,520)	(318,208)
									(1,947,652)	(1,906,581)
Net profit									143,234	199,298
Gift aid payment	to	the charity			(Deed or coverr		arum	piece)	(143,234)	(199,298)
Retained in trading		subsidiary
Net current assets		of	the trading			subsidiary			158,940	158,940
Aggregate share	capital and			reserves					158,940	158,940
5.Income from	investments								2023	2022
									6
Income from investments									277,701	145,161
Bank interest									59,251	12,165
									336,952	157,326

6.Expenditure				Direct costs	Support costs	2023	2022
				f			8
Expenditure on raising	funds
Trading activities				(687,673)	(152,018)	(839,691)	(792,589)
Expenditure on Charitable		Activities
Membership 8 training
Membership support,	information		and events	(1,631,762)	(425,394)	(2,057,156)	(2,234,983)
Education
Denman				(169,401)	(31,712)	(201,113)	(449,559)
Other educational activities				(195,285)	(350,243)	(545,528)	(346,858)
Public Affairs
Research and campaigns				(192,398)	(333,007)	(525,405)	(559,989)
Total expenditure				(2,876,519)	(1,292,374)	(4,168,893)	(4,383,978)

Expenditure					Direct costs	Support costs	2022
						6
Expenditure	on raising	funds
Trading activities					(615,578)	(177,012)	(792,590)
Expenditure	on Charitable		Activities
Membership	&training
Membership support,		information		and events	(1,730,481)	(504,503)	(2,234,984)
Education
Denman					(411,083)	(38,476)	(449,559)
Other educational activities					(164,165)	(182,694)	(346,859)
Public Affairs
Research	and campaigns				(247,675)	(312,311)	(559,986)
Total expenditure					(3,168,982)	(1,214,996)	(4,383,978)

				Raising	Membership	Education	Education	Public	Total	Total
				funds	8 training	-Denman	-Other	affairs	2023	2022
				f	6	6
Management		and communications		(24,665)	(56,514)	(7,928)	(46,530)	(44,240)	(179,877)	(139,843)
Finance				(36,907)	(85,466)	(9,514)	(70,367)	(66,904)	(269,158)	(270,215)
Human Resources				(22,758)	(51,302)	(9,514)	(42,239)	(40,160)	(165,973)	(104,959)
Information		technology	8 website	(31,351)	(73,874)	(4,757)	(60,823)	(57,830)	(228,635)	(228,362)
Premises	&	office costs		(36,337)	(87,740)		(72,240)	(68,685)	(265,002)	(269,894)
Governance					(70,498)		(58,044)	(55,188)	(183,730)	(201,722)
				(152,018)	(425,394)	(31,713)	(350,243)	(333,007)	(1,292,375)	(1,214,995)

				Raising	Membership	Education	Education	Public	Total
				funds	&training	-Denman	.Other	affairs	2022
				f	f	f		6
Management		and communications		(24,430)	(53,400)	(9,619)	(19,338)	(33,057)	(139,844)
Finance				(47,205)	(106,738)	(11,543)	(38,653)	(66,076)	(270,215)
Human Resources				(18,336)	(37,897)	(11,543)	(13,723)	(23,460)	(104,959)
Information		technology	8 website	(39,893)	(92,217)	(5,771)	(33,394)	(57,087)	(228,362)
Premises	&	office costs		(47,149)	(112,431)		(40,714)	(69,600)	(269,894)
Governance					(101,819)		(36,871)	(63,031)	(201,721)
				(177,013)	(504,502)	(38,476)	(182,693)	(312,311)	(1,214,995)

Employee	costs	2023	2022
		6	6
Salaries		1,588,947	1,598,449
Social security costs		170,088	176,083
Pension contributions		104,674	105,166
Temporary	staff costs	6,136	10,378
		1,869,845	1,890,076

Average numbers	ofemployees	during the year	2023	2023	2022	2022
			Number	FTE	Number	FTE
Membership &training			6	6	9	9
Education - Denman			2	2	2	2
Education - other			5	5	4	3
Public Affairs			5	5	6	6
Management &administration			16	16	17	16
Trading activities - Wl Enterprises		Ltd	6	6	7	6
			40	40	45	42

eration and Wl even	ts and at key e	xternal forums.
			2023	2022
Directly reimbursed	to trustees		3,862	4,561
Paid to third parties	on the trustees'	behalf	6,900	6,458
Officers' round-sum	expenses allowances		6,112	10,774
			16,874	21,793

otes to the consolidate	d financial statements for the year	ended 30Septembe	r 2023
9. Net income i(expenditure)	for the year is stated after charging:	2023	2022
		6
Auditors' remuneration
Audit fee (group)		31,000	28,000
Other services
Depreciation		17,990	10,770
Operating costs - rentals		65,367	39,101

11a. Tangible fixed as	sets
				Freehold	Furniture,			Computer	Total
Group and charity				Property	fixtures	8		equipment	2023
					fittings
					6
Valuation/cost
At 1 October 2022				541,995	59,231			96,632	697,858
Additions						899		7,741	8,640
Disposals								(12,579)	(12,579)
At 30September 2023				541,995	60,130			91,794	693,919
Depreciation
At 1 October 2022				234,786	58,337			82,884	376,007
Charge for year				8,251		403		9,336	17,990
Eliminated on disposal								(12,579)	(12,579)
At 30September 2023				243,037	58,740			79,641	381,418
Net book value
At 30September 2023				298,958	1,390			12,153	312,501
At 30September 2022				307,135		895		16,376	324,406
12.Investments
Group and charity								2023	2022
									f
Listed investments
Market value at 1 October 2022								4,751,855	4,208,739
Additions								127,756	1,110,821
Disposal proceeds								(500,000)	(500,000)
Unrealised gain (loss)								(200,720)	(67,704)
Nlarket value at 30 September			2023					4,178,893	4,751,855
Investments at historic	cost							25652121	~06
79'/0 oftotal investments	were held in CCLA's			Ethical Investment	Fund for Charities,		20'/0	in CCLA's Charities	Property
Fund and 1'/o in investment		trusts.

Notes to	the consol	idated financial	statements for th	e year ended 30Septembe	r 2023
Investment	in subsidiary	company
Charity				2023	2022
				6	6
At cost:
100%ordinary share capital of Wl Enterprises			Ltd	100,100	100,100

13. Debtors			Group		Charity
			2023	2022	2023	2022
			f	6	6
Trade debtors			200,637	236,870	384	4,701
Other debtors			13,981	(713)	37,671	(861)
Due from subsidiary	company				143,234	254,095
Prepayments and accrued income			344,115	353,604	128,131	99,804
			558,733	589,761	309,420	357,739
14.Creditors			Group		Charity
			2023	2022	2023	2022
			6	6		6
Deferred income (see table below)			152,750	136,864	14,545	8,055
Trade creditors			317,622	281,412	117,998	102,666
Other creditors:
VAT payable			29,596	29,563	29,596	29,563
Taxation and social	security		42,926	43,296	42,926	43,296
Other			25,410	24,706	25,410	24,706
Accruals			96,440	93,079	87,690	86,379
			664,744	608,920	318,165	294,665
15.Deferred income			Group		Charity
			2023	2022	2023	2022
				f	f	f
Brought forward at 01 October 2022			136,864	131,362	8,055	1,965
Released to Statement		ofFinancial
Activities in current year			(128,710)	(123,207)	100	6,190
Deferred in current year			144,595	128,710	6,390	(100)
Carried forward at 30	September 2023		152,749	136,865	14,545	8,055

		2023	2022
Brought forward	at 01 October 2022	24,030	26,031
Receipts during	the year	78,666	64,974
Less: Travel reimbursements		(75,288)	(64,975)
Salaries(administration)		(2,000)	(2,000)
Carried forward	at 30September 2023	25,408	24,030

					2024		2023
					Premises	Equipment	Premises	Equipment
						6	6
Amount	payable	within	one	year	34,432	30,935	28,510	10,591
Amount	payable	within	two	to five years	10,226	85,881	25,630	39,316
					44,658	116,816	54,140	49,907

18.Endowment	funds	2023	2022
At 01 October 2022		54,810	54,810
Income		1,572	1,620
Expenditure
Movement in market value ofinvestments		(2,179)	(295)
Transfers			(1,325)
At 30September	2023	54,203	54,810

		01	Income	Expenditure	Investment	Net	30
		October			gains/(losses)	transfers	September
		2022					2023
							6
Grants and
donations
General funds		7,141,174	306,139	(240,194)	(1,579)	(3,954,973)	3,250,567
Permanent	Endow					4,000,000	4,000,000
Maintenance	fund	131,962	3,085	1,121	(2,097)		134,071
Travel fund		248,236	7,459		(5,071)		250,624
Sursaries fund		183,387	5,513		(3,748)		185,152
Education fund		6,366					6,366
Library &resources		4,814					4,814
fund
Garden fund		8,305					8,305
Other donations		11,816					11,816
Saving Denman
appeal		695,513	16,374		(11,131)		700,756
Total restricted
funds		8,431,573	338,570	(239,073)	(23,626)	45,027	8,552,471

20. Unrestricted	20. Unrestricted	funds		General fund	General fund	Designated	Investment			Total
						funds	revaluation		unrestricted
							reserve			funds
Group
At 01 October	2022				3,681,808	526,892	1,250,796			5,459,496
Net movement	in	funds			(473,524)	(173,528)	(174,916)			(821,968)
Transfer between		funds			(36,000)					(36,000)
At 30September		2023			3,172,284	353,364	1,075,880			4,601,528
Charity
At 01 October	2022			3,684,295		526,892	1,205,406			5,416,593
Net movement	in	funds			(473,524)	(173,528)	(174,916)			(821,968)
Transfer between		funds			(36,000)					(36,000)
At 30September		2023		3,174,771		353,364	1,030,490			4,558,625
signated funds	include f300k to		fund the two	remaining	issues of	Wi Life magazine	in the 2023 calendar		year and 553k from VAT
unds for activities		and initiatives	over the next	year to benefrt members.
. Statement offunds
			01 October	Income		Expenditure	Investment		Net	30September
			2022 6			gains/(losses)		transfers f		2023 6
Group
Unrestricted			5,459,496	3,320,728		(3,967,780)	(174,916)		(36,000) 4,601,528
Restricted			8,484,110		338,570	(201,113)	(23,625)		36,000 8,633,942
Endowment			54,810		1,572		(2,179)			54,203
Total funds			13,998,416	3,660,870		(4,168,893)	(200,720)			13,289,673
Charity
Unrestricted			5,416,594	2,481,037		(3,128,089)	(174,916)		(36,000) 4,558,626
Restricted			8,484,110		338,570	(201,113)	(23,625)		36,000 8,633,942
Endowment			54,810		1,572		(2,179)			- 54,203
Total funds			13,955,514	2,821,179		(3,329,202)	(200,720)			13,246,771

Group			Fixed Assets	Investments	Short term	Other net	Total
					deposits, bank	assetsl	funds
					&cash	(liabilities)
Unrestricted		funds	312,499	3,133,675	1,315,008	(159,654)	4,601,528
Restricted	funds
Denman				991,014	7,544,051	17,405	8,552,470
Other						81,471	81,471
				991,014	7,544,051	98,876	8,633,941
Endowment		funds		54,203			54,203
Total funds			312,499	4,178,892	8,859,059	(60,778)	13,289,672
Charity			Fixed Assets	Investments	Short term	Other net	Total
					deposits, bank	assetsl	funds
					&cash	(liabilities)
Unrestricted		funds	312,499	3,233,775	1,119,972	(107,621)	4,558,625
Restricted	funds
Denman	College			991,014	7,544,051	17,405	8,552,470
Other						81,471	81,471
				991,014	7,544,051	98,876	8,633,941
Endowment		funds		54,203			54,203
Total funds			312,499	4,278,992	8,664,023	(8,745)	13,246,769

			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
						2022
		Notes	6			6
Income from
Donations, legacies & grants
Donations &grants			39,112	377		39,489
Legacies			500	52,037		52,537
Charitable activities
Membership &training			2,129,331			2,129,331
Educational activities		3	14,352	6,611,399		6,625,751
Public Affairs		3	2,170			2,170
Other trading activities			989,494	35,020		1,024,514
Investments			110,376	45,330	1,620	157,326
Total income			3,285,335	6,744,163	1,620	10,031,118
Expenditure on
Raising funds
Trading activities			(790,350)	(2,239)		(792,589)
Charitable activities
Membership 8 training			(2,234,983)			(2,234,983)
Educational activities			(346,858)	(449,559)		(796,417)
Public Affairs			(559,986)			(559,986)
Total expenditure			(3,932,177)	(451,798)		(4,383,975)
Net gains / (losses)	on investments		(19,867)	(47,542)	(295)	(67,704)
Net income / (expenditure)			(666,709)	6,244,823	1,325	5,579,439
Transfers between	funds		(13,452)	14,777	(1,325)
Net movement in funds			(680,161)	6,259,600		5,579,439
Reconciliation offunds
Total funds brought	forward		6,139,659	2,224,510	54,810	8,418,979
Total funds carried	forward	20	5,459,498	8,484,110	54,810	13,998,418

26. Comparative	26. Comparative	26. Comparative	Statement	ofFunds at 30September 2022	ofFunds at 30September 2022	ofFunds at 30September 2022	ofFunds at 30September 2022
				01 October		Income		Expenditure		Investment		Net	30September
				2021 f						gains/(losses) 6		transfers 6	2022 6
Group
Unrestricted				6,139,659		3,285,335		(3,932,178)		(19,867)		(8,850)	5,464,099
Restricted				2,224,510		6,744,	163	(451,798)		(47,542)		14,777	8,484,110
Endowment				54,810		1,620					(295)	(5,927)	50,208
Total funds				8,418,979		10,031,118		(4,383,976)		(67,704)			13,998,417
Charity
Unrestricted				6,096,757		2,494,984		(3,141,828)		(19,867)		(8,850)	5,421,196
Restricted				2,224,510		6,744,	163	(451,798)		(47,542)		14,777	8,484,110
Endowment				54,810		1,620			-		(295)	(5,927)	50,208
Total funds				8,376,077		9,240,767		(3,593,626)		(67,704)			13,955,514
27. Comparative			Distribution	of Net Assets between funds at 30				September	2022
Group				Fixed	Assets	Investments		Short		term	Other net		Total
								deposits,		bank	assets/		funds
								8	cash		(liabilities)
Unrestricted		funds			321,849		3,687,009		1,397,069			58,171	5,464,098
Restricted		funds
Denman							1,014,639		7,475,384			(58,452)	8,431,571
Other												52,539	52,539
							1,014,639		7,475,384			(5,913)	8,484,110
Endowment		funds					54,810						54,810
Total funds					321,849		4,756,458		8,872,453			52,258	14,003,018
Charity				Fixed	Assets	Investments		Short term			Other net		Total
								deposits,		bank	assets/		funds
								&	cash		(liabilities)
Unrestricted		funds			321,849		3,787,109		1,243,251			68,986	5,421,195
Restricted	funds
Denman	College						1,014,639		7,475,384			(58,452)	8,431,571
Other												52,539	52,539
							1,014,639		7,475,384			(5,913)	8,484,110
Endowment		funds					54,810						54,810
Total funds					312,849	4,851,957			8,718,634			63,074	13,946,514