## **THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
**CHARITY NO: 1040859**
## **THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **LEGAL AND ADMINISTRATIVE DETAILS**
## **FOR THE YEAR ENDED 5 APRIL 2021**
**Status** The charity is a registered charity with number 1040859 **Constitution** The charity is constituted under a trust deed dated 19 July 1994 **Address** 153a Metchley Lane Harborne Birmingham B17 0JL **Bankers** Unity Trust Bank Four Brindley Place Birmingham B1 2JB. **Independent examiner** P Georgiades Chartered Accountant Flint & Thompson 2-6 Manor Square Solihull B91 3PX **Objects** To provide payments for charitable purposes to organisations which support the prevention and treatment of epilepsy.
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**THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 5 APRIL 2021**
The trustees present their report for the year ended 5 April 2021.
## **Constitution and objects**
The Anne and John Walters Charitable trust is a registered charity constituted under a trust deed dated 19 July 1994.
The charity continues to provide charitable donations to organisations which support the prevention and treatment of epilepsy, care for those suffering and their families and any other local charitable causes which the trustees may from time to time determine.
When considering the charity’s activities the Trustees are mindful of the Charity Commission’s guideline on public benefit.
## **Achievements and performance**
The trustees continue to review the asset portfolio with a view to determining how best the charity can fulfil its objectives. During the year, the charity made several charitable donations amounting to £99,200 in accordance with the objectives of the charity
## **Financial review**
The results for the year are shown in the Statement of Financial Activities on page 5 and show a surplus of financial year of £196,501 (2020: £65,902 surplus)
## **Trustees**
The Trustees who served during the year were:
A. Fisher I. Humphrey
R. Wishart
## **Selection and appointment of Trustees**
The selection and appointment of new Trustees is determined by the Board of Trustees in office at that time. This policy is based on a complementary age profile, general experience in managing charities and also to provide complementary skills to the other Trustees.
## **Investment powers and policy**
The Trustees have discretion over the investment power of the fund. The investments are made with the purpose of generating income and capital growth that will maintain real value to the funds expenditure on its charitable objectives.
2
**THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 5 APRIL 2021**
(Continued)
## **Grant making**
General unrestricted funds comprise the accumulated surpluses and deficits on general funds and the cumulative realised and unrealised gains on investments. They are available for use at the discretion of the Trustees in furtherance of the general charitable objectives. In addition, the Trustees may designate certain funds for particular purposes.
## **Reserves policy**
In the opinion of the Trustees the charity’s assets are available and adequate to fulfil the obligations of the charity. The level of reserves held is sufficient to enable the charity to operate at its current level for the foreseeable future.
## **Compliance with statutory requirements**
The Trustees confirm that the accounts comply with current statutory requirements and with those of the governing document.
On behalf of the Trustees
A. Fisher
I. Humphrey
R. Wishart
…………………………….
3
## **THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **FOR THE YEAR ENDED 5 APRIL 2021**
## **Independent Examiner’s Report to the Trustees of The Anne and John Walters Charitable Trust.**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2021 which are set out on pages 5 to 10.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material 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 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts to be reached.
P Georgiades Chartered Accountant Flint & Thompson 2-6 Manor Square Solihull B91 3PX
4
## **THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 5 APRIL 2021**
|**Incoming resources**
**Note**
**Investment Income**
Rental income
Sale of Freeholds
**Total incoming resources**
**Resources expended**
**Charitable expenditure**
Support costs
2
Governance costs
3
Donations payable
**Total resources expended**
**Net Incoming /(outgoing)resources for the year**
**Other recognised gains and losses**
**Gains/(Losses) on disposal of investment assets**
Realised
Unrealised
**Surplus for the year**
Total funds brought forward
**Total funds carried forward**||**Unrestricted Funds**
**2021**
**2020**
**£**
**£**
157,536
162,732
-
35,390
157,536
198,122
64,380
64,185
2,400
2,400
99,200
134,000
165,980
200,585
(8,444)
(2,463)
(5,555)
(1,635)
210,500
70,000
196,501
65,902
6,757,668
6,691,766
6,954,169
6,757,668|**Unrestricted Funds**
**2021**
**2020**
**£**
**£**
157,536
162,732
-
35,390
157,536
198,122
64,380
64,185
2,400
2,400
99,200
134,000
165,980
200,585
(8,444)
(2,463)
(5,555)
(1,635)
210,500
70,000
196,501
65,902
6,757,668
6,691,766
6,954,169
6,757,668|
|---|---|---|---|
||||198,122|
||||64,185
2,400
134,000|
||||200,585|
||||(2,463)
(1,635)
70,000|
||||65,902
6,691,766|
||||6,757,668|
There are no recognised gains and losses other than the surplus for the financial year of £196,501 (2020: £65,902 surplus)
All the charity’s operations are continuing operations and there were no operations discontinued or acquired during the year.
5
## **THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **BALANCE SHEET**
## **FOR THE YEAR ENDED 5 APRIL 2021**
|**Note**
**Fixed Assets**
Tangible Assets
4
**Current Assets**
Trade debtors
5
Bank accounts
6
**Current Liabilities**
Amounts falling due within one year
7
**Net Current Assets (Liabilities)**
**Net Assets**
**Funds**
Unrestricted funds
8|**2021**
**£**
**£**
6,688,093
13,477
616,702
630,179
364,103
266,076
6,954,169
6,954,169|**2021**
**£**
**£**
6,688,093
13,477
616,702
630,179
364,103
266,076
6,954,169
6,954,169|**2020**
**£**
**£**
6,566,593
15,509
548,272
563,781
372,706
191,075
6,757,668
6,757,668|**2020**
**£**
**£**
6,566,593
15,509
548,272
563,781
372,706
191,075
6,757,668
6,757,668|
|---|---|---|---|---|
||630,179
364,103||563,781
372,706||
||||||
|||6,954,169||6,757,668|
|||6,954,169||6,757,668|
The financial statements on pages 5 to 11 were approved by the Board of Trustees on …………………. and are signed on its behalf by the Trustees;
A. Fisher
I. Humphrey
R. Wishart
6
**THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **NOTES ON FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 5 APRIL 2021**
## **1 Summary of significant accounting policies**
## **(a) General information and basis of preparation**
The Anne and John Walters Charitable Trust is constituted under a trust deed. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are to provide funds to organizations which support the prevention and treatment of epilepsy.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by 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 (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
There are no material uncertainties regarding going concern.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. Income arising on designated funds can be used in accordance with the objects of the Charity and is included in unrestricted funds.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
## **Donations and similar incoming resources**
These are included in the Statement of Financial Activities when the charity becomes entitles to the donation or similar income and any conditions for receipt are met and that the Trustees are reasonably certain they will receive it.
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**THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **NOTES ON FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 5 APRIL 2021**
(Continued)
## **Income from property**
Rental income is recognised in the accounting period to which it is attributable.
Premiums received when leases are extended are credited to the income statement over the period of the term of the lease.
## **Investment income**
Investment income is recognised in the Statement of Financial Activities when receivable and is shown, where appropriate, net of any associated tax credits.
## **Expenditure**
Expenditure is allocated to expense headings on an accruals basis and is shown gross.
## **Grants and donations**
These are included in the Statement of Financial Activities when they are made.
## **Investment properties**
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in ‘net gains / (losses) on investments’ in the Statement of Financial Activities.
8
**THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **NOTES ON FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 5 APRIL 2021**
(Continued)
## **2 Support Costs**
|Management fees
Rent, rates and water
Insurance
Repairs and maintenance
Bank charges
Management and administration
Legal fees
Lighting and Heating
**3**
**Governance Costs**
Independent examiners fees|**2021**
**£**
23,435
5,521
9,713
20,897
87
1,170
2,824
733
64,380
**2021**
**£**
2,400
2,400|**2020**
**£**
20,257
4,042
650
37,239
91
745
776
384|
|---|---|---|
|||64,184|
|||**2020**
**£**
2,400|
|||2,400|
## **4 Tangible Fixed Assets**
|**At 6 April 2020**
Disposals
Additions
Revaluation during the year
Transfers
**At 5 April 2021**|**Freehold**
**Properties**
**Freehold**
**Ground**
**Rents**
**Leasehold**
**Properties**
**Leasehold**
**Ground**
**Rents**
**Total**
**£**
**£**
**£**
**£**
**£**
3,995,000
2,315,768
255,000
825
6,566,593
-
-
(89,000)
-
-
-
-
-
(89,000)
-
185,000
25,500
-
-
210,500
-
-
-
-
-|
|---|---|
||4,180,000
2,252,268
255,000
825
6,688,093|
Losses of £5,555 were realised on the disposal of freehold ground rents and these have been disclosed in the Statement of Financial Activities.
9
## **THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **NOTES ON FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 5 APRIL 2021**
(Continued)
## **5 Other debtors**
|**2021**
**2020**
**£**
**£**
Other Debtors
-
7,000
Rents Receivable
13,477
8,509
13,477
15,509
**6**
**Cash at Bank and in hand**
**2021**
**2020**
**£**
**£**
Unity Trust Bank
616,702
548,272
616,702
548,272
**7**
**Trade creditors**
**2021**
**2020**
**£**
**£**
Other creditors
Accruals
-
2,400
-
2,507
Deferred income
361,703
370,199
364,103
372,706
As stated in Note 1 Income from property, premiums to extend leases are credited to the income
statement over the period of the lease.
**2021**
**2020**
**£**
**£**
Deferred income
At 6 April 2020
370,199
391,703
Lease extensions during year/(Adjustments)
-
(12,639)
Credited to income statement
(8,496)
(8,865)
At 5 April 2021
361,703
370,199||**2020**
**£**
7,000
8,509|
|---|---|---|
|||15,509|
|||**2020**
**£**
548,272|
|||548,272|
|||**2020**
**£**
-
2,507
370,199|
|||372,706|
|||370,199|
10
**THE ANNE AND JOHN WALTERS CHARITABLE TRUST**
## **NOTES ON FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 5 APRIL 2021**
(Continued)
## **8 Unrestricted funds**
|General funds|**Balance at**
**5 April 2020**
**£**
**Movement**
**Incoming**
**£**
6,757,668
157,536|**in resources**
**Outgoing**
**£**
(165,980)|**Investment**
**Gains**
**£**
**Balance at**
**5 April 2021**
**£**
204,945
6,954,169|
|---|---|---|---|
## **9 Transactions involving Trustees**
No Trustee has had any beneficial interest in any material contract undertaken, or on behalf of the charity.
## **10. Related Party Disclosures**
There are no related party disclosures required.
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