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REGISTERED NUMBER: 03719756 (England and Wales)















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: J R Cribb
J Elrick
S Dyer
K Pickersgill
I Connell
M Parker
G Stone
P Barnes
A Cooney
R May





SECRETARY: D W Milbourne





REGISTERED OFFICE: Doubletree Court
10A Cavendish Street
Ulverston
Cumbria
LA12 7AD





REGISTERED NUMBER: 03719756 (England and Wales)





ACCOUNTANTS: R F Miller & Co
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 120 120
Debtors 4 18,685 17,908
Investments 5 170,000 171,135
Cash at bank 339,010 335,985
527,815 525,148
CREDITORS
Amounts falling due within one year 6 43,083 43,601
NET CURRENT ASSETS 484,732 481,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,732

481,547

RESERVES
Income and expenditure account 7 484,732 481,547
484,732 481,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 10 January 2024 and were signed on its behalf by:




J Elrick - Director



J R Cribb - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 7,800 5,500
Prepayments and accrued income 10,885 12,408
18,685 17,908

5. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 170,000 171,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 264 121
Accruals and deferred income 42,819 43,480
43,083 43,601

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 481,547
Surplus for the year 3,185
At 30 September 2023 484,732

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.






R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD


10 January 2024