REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
THE LONG DISTANCE WALKERS ASSOCIATION |
LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
THE LONG DISTANCE WALKERS ASSOCIATION |
LIMITED |
THE LONG DISTANCE WALKERS ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03719756) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 5 |
THE LONG DISTANCE WALKERS ASSOCIATION |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Double Tree Court |
10A Cavendish St |
Ulverston |
Cumbria |
LA12 7AD |
THE LONG DISTANCE WALKERS ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03719756) |
BALANCE SHEET |
30 SEPTEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Investments | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account | 7 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
THE LONG DISTANCE WALKERS ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03719756) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
The Long Distance Walkers Association Limited is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
Prepayments and accrued income |
5. | CURRENT ASSET INVESTMENTS |
2023 | 2022 |
£ | £ |
Unlisted investments | 170,000 | 171,135 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Corporation tax |
Accruals and deferred income |
THE LONG DISTANCE WALKERS ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03719756) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
7. | RESERVES |
Income |
and |
expenditure |
account |
£ |
At 1 October 2022 |
Surplus for the year |
At 30 September 2023 |
In 2019 the National Executive Committee formed an IT Development Fund to finance the redevelopment of the LDWA web site. At 1 September 2022 the Fund comprised £139,168 and at 30 September 2023 the Fund comprised £141,434 an increase of £2,266. The money raised has come from the following sources: two legacies, donations from Local Groups and individual members, 100 miles events from 2021 onwards and NEC expenses not used for virtual NEC meetings during COVID. |
As at 30 September 2023 no funds had been spent. In 2022 and 2023 the NEC received £113,837 from the Estate of Martyn Greaves Deceased. The NEC set up a Martyn Greaves Fund with the aim of using this money to benefit the activities of Local Groups. The aims and criteria of the Fund were set out in 'Strider', August 2023. At 30 September 2023 £9,396 had been spent. |
A sum of £1,000 remaining unspent from the 2023 EBB 100 was ring fenced for future tracker replacement in the event of loss and damage. The initial focus will be to use it on future 100s but the money can be more widely used on Challenge Events. |
8. | HONORARIA |
In this period of the accounts Julia Warman received a £3,000 honoraria payment for her four years' term as Membership Secretary, including the transfer of the LDWA membership system to SI Entries Ltd. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
THE LONG DISTANCE WALKERS ASSOCIATION |
LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us. |
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report. |
You have acknowledged on the balance sheet as at 30 September 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. |
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. |
Double Tree Court |
10A Cavendish St |
Ulverston |
Cumbria |
LA12 7AD |