for the Period Ended 31 March 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2023
Additional information
In February 2023 WALT, with great support from Medway Council, paid off the final instalment of the interest-bearing six- year loan from DERIC. This step allows the organisation to move forward and begin a change management process that will ensure WALT continues to provide valued services to those on the edge of care who are often socially isolated, lonely and vulnerable- particularly in the current cost of living and energy crisis.In 2022/23 we have begun to strengthen our governance structures by strengthening the Board of Directors and taking steps to explore setting up WALT as a Charitable Incorporated Organisation to help further our core purpose and objectives. To this end Bill Ronan, our Chair, stepped down this year after helping see the organisation through the COVID pandemic when the true value of WALT and other voluntary and community-based organisations was most vividly displayed. The new Board has now agreed a recovery and transformation plan that, with the continuing support of Medway Council, Kent Community Foundation and other funders will see a re-branded and re-organised WALT build better relationships with organisations across ME5, develop and communicate its unique offer with beneficiaries and stakeholders and reach more people in most need of connection, support and help to live better lives.WALT is hugely dependent on the quality and commitment of its professional staff- Ruth Hardy and Rebecca Bentham- as well as the committed team of volunteers who make things happen and contribute so much of their time and energy in the process. The directors thank each and everyone of them- without them WALT would not reach the 200 people we are in direct contact with in one way or another.2022-23 has been another challenging year but there is no doubt about the need for the sort of quality services and interactions that organisations like WALT provide on the ground. Our focus now is on creating a sustainable service model which demonstrates impact and value for money so that we do more of the things we are good at in the future.
Directors
The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 3 | ( | ( |
Net current assets (liabilities): | | ( | |
Total assets less current liabilities: | | ( | |
Total net assets (liabilities): | | ( | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | | ( | |
Total Shareholders' funds: | | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2023
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 March 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 March 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Trade creditors | | |
Taxation and social security | | |
Other creditors | | |
Total | | |
Walderslade Together CIC continues to deliver services and activities that reduce the experience of loneliness and isolation in the ME5 district of Medway. Through social prescribing support, befriending, social connections and volunteering opportunities. The use of digital inclusion projects and training, residents are helped to be empowered and independent, and can actively engage with services and support networks.
Waldersale Together CIC undertakes evaluation and consultation work with all users and the wider community. Using national indicators and metrics the project monitors and evaluates its social value. A user panel also acts as a critical friend to help ensure services are meeting the needs of residents. The use of face to face and online consultations, including monitoring by the local authority and funders, means wider engagement with stakeholders is integrated in to the ongoing quality assurance process.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
9 October 2023
And signed on behalf of the board by:
Name: D ROUTLEDGE
Status: Director