The Walton Centre Charity
Annual Report 2023124
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Thewalion Cenlre Charity A￿JaIR&￿￿&￿J ￿¢￿JnIS2O2SI24
Welcome to The Walton Centre Charity
Annual Report for 2023124
Despite the ongoing challenges of the
current economic climate, and the effect
this has on charities ability to fundraise, I
am very pleased to report that our Charity
incoTne during the year under review
not only continued at a steady pace but
increased by £85,000 on the previous year.
It is because of people like you that the life-
changing work of The Walton Centre can
continue. making a real difference to our patients
every single day.
Su Ral
Chair, The Walton Centre Charity Committee
and Non-Executive Director, The Walton Centre
NHS Foundation Trust
This allowed us to continue to support
The Walton Centrc NHS Foundation Trust ocross
many areas, positively impacting patients, their
families. and our staff.
From the regular support of OLJr wonderful Home
from Home facility, which provides relatives with
somewhere comfortablc and close to Stay while
their loved one is'receiving emergency treatment
at the hospital.. Lo support of a new Music and
Health initiative, in partnership with Liverpool
Philharmonic.
The Charity also continued its funding of
innovation and technology. through the provision
of an Optical Coherence Tomography machine
which will signilicantly improve diagnostic
timeframes and enhance opportunities for patient
research partiripation.
In addition, the Charity was able to provide a
research capability grant to help enable and
develop research at the TrLJSt,' as well as several
grante to Jupport enhanced training opportunilies
for staff lo ensure they remain at the forefront of
clinical and research developments for the benefit
of all PAlients.
We iuuldri't do any of this without our supporters
whether you have run a marathnn or a mile.
Walked for Walton or climbed Snowdon, attended
one of our events. sponsored a friend or donated
in memory of a loved one - we thank you.
Cover Image - Our team of abseilers ready to
take on Llverpool Cathedral
Image left. Sophle Dunbavin and Profe550r
Paul May al the Jan FaSrclough Ladie5 Lunch

The Wollon Centre ch4￿lY Anwal Repo[l￿ Acc(xu*5 2023124
Objective
Public benefit statement
For any charitable purpose or purposes
relating to The Walton Centre NHS
Foundation Trust and such other
places as the Trustee shall from time to
time determine.
The Walton Centre NHS Foundation Trust
is the main beneficiary of the Charity and is
a related party by virtue of being Corporate
Trustee of the Charity. By working in
partnersh5p wlth the Trust, the charitable
funds are used to best effect for the benefit
of the public served by the Trust.
The Charity includes 29 earmarked funds which
have been set up to enable the Trustee to meet
the Wishes of donors who have indicated that
they would wish to have their money spent to
beneht a specih'c wardldepartmeni or area of
research A fijll li£t of the funds. details of the fund
managers, and aims and objectives for each fund
are pruvided vri pages 27 and 28 of this report.
When deciding on the most beneficial way to use
charilable funds, thp Corporate Trustee has regard
to the main objective. strategies and plans of the
Trust. whilst ensuTing IfidL Ilie yTdllts reflect the
wishes of the donofs. Patients and staff.
Th6> focus of the Charity's activities is to
benefit the public who utilise the services of
The Wélton Centre NHJ foundation Trust.
The hospital mainly services the community
of Cheshire. Merseyside. North Wales and the
Isle of Man. all of whom have equal ac.r.p_£s to
its facilities. Charitable expenditure is made by
way of direct grants to The Walton Centre NHS
Foundation Trust. to enhance the patient care
already provided
The agents of the Corporate Trustee have
complied with their duty to have due regard to
Ihe guidance on Ihe public benefit published
by the Charity Commission in exercising iheir
powers of duty.
a&1
Fundraising regulation
The Charity stiive5 Lu yive the best possible donor
care to ensure supporters are treated fairly and
with respect. The Charity is regulated by the
Charity Commission and Fundraising Regulator,
the self-regulatory scheme for fundraising in the
UK. In addition to this, the Charity Is a member
of NHS Charities Together and the Chartp.rp.d
Institute of Fundraising.

The Waitoncenltecharity Ant¥Jai Rew¢ and kcount52023124
Fundraising activities, donations and legacies
During the year the total donations,
legacies and income from fundraising
events Ishown as 'Other Trading Activities,
in the Statement of Financial Activities)
came to £496,000 (total income including
return on investments £528,000).
Examples of activities carried out to raise funds
during the year under review Include-.
Fundraising activities and donations
Walk for Walton - EIO,300
The Walton Centre Charity Golf Day- E27,200.
Despite the continued challenges of this year there
were still amazing fundraising efforts made by
supporters of the Charity. Individuals took up their
own personal challenges to fundraise - whether
that was running. c.yr.ling nrwalking - and there
were a number ofvirtual events using social media
and other orilirie pldlfvrrris.
Abseil from the Anglican Cathedral - £4.200
Snowdon Hike- £13,500
Jan Fairclough Ball- £60,000
Christmas Appp.Al - f4 fino
Grant making trusts and foundations
NHS Charities Togeiher - £28,883
Cheshire Freemasons - E250
Legacies
During the year under review the Charity received
a total of E35,691 in legacy income.
Jill,.
To facilitate supporters wishing to leave gifts in
their wilts. the Charity continued their partnership
with an online will writing service. to support
legacy marketing and giving.
Smydivin!,
FundT415er5 ailer a Sky¢Jive Iowa15e moneyiorinecnanry
The Charity is grateful to all our donors and
supporters for all they do to raise funds and
awarcneJ4 for The Walton Centre Charity. to help
us make a dirference to patients and their families
tK)th now and In the luture.

Thewaltoncentre Charity knnuol ReFxMlarKI Z023124
Review of the year
During the year the Charity received a totsi
income of £528,000 (2022123". £443,000)
which is an increase of £85,000.
In 2023124 expenditure on charitable activities
Wa5 £281.00012022123: £25LOOO) coverlng
three main areas:
The overall increase can. in the main, be attributed
to continued increase in fundraisiiig ailivilies
and events. resulting in a E61,000 increase in
fundraising activities incomè and a £20,000
increase in donations and legacy income
compared to 2022123.
Patient welfare and amenities,. £232,000
12022123; £110,000)
This included the Home from Home relatives,
accommodation.. Optical Coherence
Tomography machine - a piece of equipment
which will help provide more accurate
diagnoses and enable clinicians to conduct.
a variety of neuroscience research trials,.
a 12-month partnership with Liverpool
Philharmonic providing a 'Music for Health.
programme for patientg, vititors and staff,. and a
wig service for patients undergoing MR-guided
focused uiirasound IMRGFUSI proce(Jures tor
essential tremor.
The Charitffs corporate partners and suptM)rters
continued to support its in-house organised
cvents, including the Gol,, Day and the Jan
Fairclough Ball. Community fundraising shows
continued increase in engagement and in-person
events, and digital fundraising has continued to
develop and contribute to the overall income
generation for the Charity, wilh an increased
number of new donors coming through the
charity website and social media platforms. The
year ha"
also sccn a significant increase of in-
memory donations and notifi'cations of legacies.
Staff welfare and amenities." £21000
(2022123: £54.0001
In addition to welfare and amenities, funding
was also made available for professional
developmeni. such as enhanced study courses,
training and conferences. to ensure staff
remain at the forefront of clinical. research
and personal developments. Funds were also
allocated to Long Service Awards for staff.
During the year under review, the Charity
continued to contribute to the Trust's strategic
vision, in particular supporting and enabling
developments across two of the strategic
ambitions - 'Research and Innovation, and
'Education. Training and Learning..
Examples of projects funded include the Optical
Coherence Tomography machine". a Research
Capability grant to help enable and develop
research at the Trusi,. and a number of 9rants
to support enhanced training opportiJnitip_£ fnr
staff to ensure they remain at the forefront of
clinical and research developments for tlie beiiefil
of all patients.
Research; £24,000:12022123.' £37,0001
This included funding for research posts,
equipment training. books andjnijrnals.
Including the El.000 net1055 on invvsliTieiil5
(which is treated 3s a component of net income).
Ihe total expenditure for Ihe Charity exceeded
income by 1116.000 for the year.
During the year under review, the Charity
spent E643.00012022123. E496.0001 The
Charity s expenditure covers Its charitable
objectives, fundraising, administration and
governance support costs.
Image rlght- Professor Andrew Brodbelt
undertaking a skydrve to raise money lor the
charity

ThE WaltoDC¢nlre Chw(ty Anrmjal Re[￿&M1￿CountS 202Y24
Volunteers
Forward look
The Trust currently has approximately 47
registered volunteers working in vqrious
departments throughout the Trust.
The Charity aims to continue its work to
fund a variety of projects which will help
improve patient care and seniices. These
include new technology and innovations,
research, as well as improved facilities for
our patients and families.
The volunteers provide a much-needed trolley
service for the inpatients and staff. Other
voluntèer activity covers the Meet and Greet.
Infection Control, Neuro Buddies. Gardening, Pain
Management Programme and Neurophysiology
Outpatient services. The Volunteer service is
supported by the Charity.
The Charity will also continue to support staff
with health and wellbeing initiatives. as well as
enhanced training opportunities to ensure they
can remain at the forefront of clinical and research
developments to the benefit of patient. today and
in the future.
The implem.entation of the 2022-2025
Fundraising Substrategy will be the focus of the
nexi Iwo years. This includes increasing Individual
regular giving and digital fundraising nppnrti Inities
as well as developing a rhore proactive legacy
marketing campaign.
Working closely with the Trust's Communications
and Marketing Teain. Ilie CP16rity'5 Posltive impaci
will be shared both internally and externally to
encourage further involvement and support for
future fundraising. A monitoring. learning and
evaluation process will be implemented in order
to efficiently measure and share the impact.
Finally. the Charity will continue to implement
and promote the process through which future
fundraising projects can be identih'ed. This will
ensure that wider engagement with clinical
rtaft occurs and includes relevant levels of
approval to make sure that any potential major
charitable investments are in-line with and
support the over311 corFK)rate strategic direction of
the organisation.
Volunleers with Ihe sweel lioliey

The Walton Centre Clwlty Amual fle[￿and 2023124
Structure, governance and management
The Charity was established in 1992 using
the model declaration of trust for NHS
charities and all of the funds held on trust.
at the date of registration were registered
under the umbrella Charity.
Non-Executive members of the Trust Board are
appointed by the Foundation Trust Governors
and Executive members of the Board are subject
to recruitment by the NHS Foundation Trust.
Members of the Trust Board and the Commiltee
are not individual trustees under charity law but
act as agents on behalf of the Trustee.
Following discussions with the Charity
Commission it was determined that ward and
departmental funds should be registered as part
of the General Purpose fund as would any monies
received for purposes which had a h'nite life. This is
on the basis that hospitals arp. c.nntinLJally evolving
organisations and the bureaucratic impact on the
Charity and the Charily CurTifTiission would be
signih'cant if the ward funds were registered as
separate charities.
Day-lo-day administration of the funds is dealt
with by the Fundraising team in conjunction
with the Financial Accounts section of the
Finance Department
This is because of the legal requirements
surrounding changing fund objectives or the
winding up of funds £iJbsequent donations and
gifts are added to the appropriate earmarked
fund balance within the existiriy Clidiily. or a new
earmarked fund is created.
The Charity has procedures in place to ensure
that it fulfi'ls its legal duty of ensuring that funds
are spent in accordance with the objects of each
fund. The use of earmarked funds also allows
the Charity to respect the wishes of donors in
indicating how they would like their donatiun
spent without imposing a material administrative
burden. A full list of the funds, fund advisors and
objectives for each fund are provided on pagc 28.
Stall rLThifftgahall-marathonto ia15e money lor Ine Walton Lenire
Charity.
All expenditure is recorded as grant expenditure
as the recipient organisation (normally
The Walton Cenlre NHS FoLJndation Trustl
requires beneficial ownership of any assets.
Applic.ations for expenditure are submitted to the
Charitable Funds Administrator who ensures that
Ikiey igre yiopei ly autliorised and in accordance
with the relevant fund's objectives.
Each separate fund has a fund advisorwho is an
aulhorised signatory and has delegated authority
to approve expenditure in line wilh the objective
of thp. fijnd up to £l.000. Items of expenditure
between El,000 and £5,000 must also be
au(horised by the Chief Finance Offi'cer. Any
expenditure more than E5.000 is approved by
the Commitlee.

The Walton Cenlre Charity AnTvJai ResKMI 20231
Reference and administration details
Name
Bankers
The Walton Centre Charity
Charity Commission number
1050050
Royal Bank of Scotland
'verpool Group of Branches
l Dale Street
Liverpool L2 2PP
HM Revenue and Customs number
Independent examiner
Anita Mason BAIHonsl BFP FC
Mitchell Charlesworlh
Tempesc Suite 5.1, 12 Tithebarn
Street. Liverpool. L2 2DT
XR4801
The principal contact of the Charity
Mike Burns
Chief Finance Offjcer
The Walton Centre Charity
The Walton Centre NHS Foundation Trust
Lower Lane, Fazakerley
Liverpool L9 7LJ
Investment advisors
CCLA
Senator House
85 Queen Victoria Street
London EC4V 4ET
T 0151556 3482
E mike.burns3@nhs.net
Rutter LLP
80 Victori3 Stre_p_t
London SWIE 5JL
Charity
un
ffice
Walton eertire
-5¥ <JO
•A
Chariiy fundralsErs pie5eniing thwi cheque

ThE Wailoncentse Chaftty Rer%)rtand Ac¢wryls 2023124
Trustee
The Walton Centre N HS Foundation Trust
is the sole corporate trustee of the Charity.
For the purpose of this annual report and
these accounts the sole corporate trustee
is referred to as The Walton Centre NHS
Foundation Trust 1.the Trust"l.
Morag Olsen
Acting Chief Nurse lunlil 31 August 20231
Nicola Martin
Aciing Chief Nur5e11 Sepiember 2023
to 7 November 20231, Chief Nurse Ifrom
8 November 20231
Lindsey Vlasman
Chief Operaling Officer
In the year ended 31 March 2024 the following
people served on the Committee as agents
for the Trustee, as permitted under Regulation
16 of the NHS Trust's (Membership and
Procedures) Regulations 1990:
Su Rai
Non-Executive Director (Chairl
The Board of the aforementioned Trust has
delegated responsibility for the ongoing
management of funds to The Walton Centre
Charity Committee I'the Committee-l which
administers the funding on behalf of the TrLJ&tp.p.
In the year ended 31 March 2024 the followiriy
pp.nplg. seNed as directors of the Trustee"
Max Steinberg CBE
Chair
Prof Paul May
Non-Executive Director
Janet Ross
Chief Executive
Irene Afful
Non-Executive Director Ifrom l Jan 2023
lo 31 Oct 20231
Clive Elliott
Non-Executive Director (from l November 20231
Dr Andrew Nicolson
Medii61 Director
Ray Walker
Non-Executive Director
Mike Burns:
Chief Finance Officer
Prof Paul May
Non-Executive Director
Mlke Gibney
Chief People Officer
Nicola Martin
Chief Nurse lon the Committee till 31 March 20241
Dr Sacha Nlven
Consultant Neuroradiologist and Deputy
Medical Director
Mr Neil Buxton
Consultant Neurosurgeon
Dr Peter Moore
Consultant Neurologist
Su Rai
Non-Execulive Director
Karen He51op
Non-Executive Director Iresigned
31 October 20231
Cllve Elliott
Non-Exeiulive Director (from l November 20231
David Topliffe
Non-Executive Director
Irene Afful
Non-Executive Director
Mike Burns
Chief Finarice orriier
Mike Gibney
Chief People Officer
Llsa Salter
Chief Nurse (resigned 31 August 20231

Th¢Walttsn Cenlrè Chorfty RerKrtarKlkcouNs202U24
Risk management
The Committee has examined the major
risks affecting the Charity and identified
the system and mechanisms in place to
mitigate these risks.
Reputstional
The Charity has a very low risk appetite foractions
and decisions which may damage our reputation.
It therefore puts a strong emphasis on rigorous
processes to be followed in its h'nancial dealings. and
wlipn p.ngagrng with third parties.
The close relationship between the Charity and
theTrust means that thc Charity benefits from
the same controls designed to manage risk as the
Trust. The Trust has developed various controls
designed to mitigate the risk of Ioss through fraud
or maladministration which have been applied
to the Charily.
These risks ai)d uther identilied risks relating to the
Charityare analysed in more detail in a formal risk
registerwhich includes controls and actions to
mitigate risks. The risk register is reviewed annually
and isalso included on the consentagenda for
each quarterly meeting of the Committee.
Mersey Internal Audit Agency ha5 developed a
riJl< based approach which reviews the operalion
and effectiveness of these controls. Thevarious
controls are examined on a cyclical basis and the
frequency is determined by the level of ri:k relating
to that area of control.
Financial
The most signih.canl risk idenlilied is financial
including insufficient fundraising iliLUITle di
reserves,. and the potential loss incurred by a fall in the
value of the Chaiitys investments. The Commillee
believe that the higher returns available from the
stock market over the lorvjer-term means that this is
an acceptable risk, and the Charity has balanced its
investment portfolio to safeguard againsl a material
loss in value and has concluded thal there is no
material risk lo the fund at presenl.
• Organisational
The Charity recognises that it works in an cvcr-
changing environment where ils governance
arrangements and organisalional structure will need
to evolve over lime.11 will hr_c.p.pt £nme risk£ in these
circumstsnces to ensure il is KK)Sitioned looplimum
advantsge ptoviiiiiig aiiy Llidrige not impacr on
ils core sustainability.
Developmental
The Charity accepts a degree of risk that is part
and parcel ol ils willingness lo support innovation.
facilitate change and to p_vnlvp ils support for the
benefit of NHS patients and the wider public. These
risks will be monilvied d5 yl(Iril5 aFe awaraeu and
projects are completed.
io

W￿Centle Chjrity Annijal RepDTi&wJ Accoun15 2023124
Reserves
The Charity has a reserves policy that is
reviewed every year. Reserves are part
of the Charity's funds that are available
for its general purpose after meeting
its commitments and other planned
expendlture. Reserves include unrestricted
funds or income that can be expended at
the Trustee's discretion in furtherance of
the Charity's aims and objectives.
Suili fuiids can be earmarked for a particular
projecL but such a designation has an
administration purpose only and does not legally
rcJlrict the Trustee's discretion to apply the fund.
The Trustee has adopted a policy which states that
reserves will not be permitted 10 fall below the
total available nf iJnrp.stricted funds for the General
Purpose Fund at March 2024 less approved
committed expenditure and running costs of
the Charity it is recommended that reseTves of
£431,000 be held for a 12-month period.
li

The WalloTh Centre Ch•riiy Anrxjai RewMI andP<ctyJnts 2023124
Investments
The Walton Centre NHS Foundation Trust
is the sole corporate trustee of the Charity.
The Trust Board therefore has overall
responsibility for the investment of the
Charity's funds.
Ethical investment describes a way of makino
fi-nancial investments which reflects the Charity's
values and ethos and does not run counter to
its aims. A Charity can decide to invest ethically,
even if the investment might provide a lower rate
ol return than an alternative investmpnt The law
permits the following reasons..
The Board has delegated responsibility
for the ongoing management of funds to
The Walton Centre Charity Committee. In turn, full '
discretion has been given to external investment
managers in the day-to-day management
of the assets. The Trustee believes that the
investlTréiil slidleyy inherent in ihe Investmeni
managers, discretionary actions is appropriate for
controlling risk.
A particular investment conflicts with the
aims of the Charity
The Charity might lose supporters or
benefi'ciaries if it does not invest ethically
There is no signifi'cant linancial detriment
As an NHS Charity, The Walton Centre Charity has
determined that it should not invest in tobacco
companies becausc of the proven link betvveen
smoking and poor health which would make such
investments contrary to its charitable aims.
The main assets of the Charity were previously
held In a segregated portfolio of investments
manAgpd by Investec Wealth and Investment Ltd.
The Charity Committee, supported by the Trust
Board. transferred the Ckidrity's investments to two
multi-asset pooled charity funds in July 2018..
CCLA Ethical Investmcnt Fund150YI.' and
The pooled funds operated by CCLA and Ruffer
LLP satisfy tliis ieuuireirient. Any other restrictions
applied by the investment manaoeis should not
limit the operations of the Charity.
During the year ending the 31 March 2024 the
stock market continued the fairly volatile trend
of the past few years. The market value of the
funds at the 31 March 2024 was £1,212.000
which is £1,000 lower than the market value
at the 31 March 2023. The Charity benefitted
from dividends and interest of E32,000 which
represents a positive result, given the low-risk
nature of the investment portfolio.
Ruffer LLP Charity Assets Trust150YI.
The aim was to create greater diversification
Iminimising risk) and improved performance
over the longer-term. as well as generating
polentially lower fees.
Image right - The new OCT machine in the
Outpatients departmenL generously lunded
by The Walton Centre Charity

The Walton Centre Ch￿ty knrKJ& RerAY1*￿kc￿N$2O23I24
Statement of Trustee responsibilities
It is a pleasure to present the Annual
Report for The Walton Centre Charity
1.the Charity"), together with the financial
statements for the year ended 31 March
2024 which have been subject to an
independent examination.
Prepare the fi'nancial statements on
the going concern basis unless it is
inappropriate to presume that the charity will
continue in operation.
The Trustee is responsible for keeping accounting
records which disclose with reasonable accuracy
the financial position of the Charity, and which
enable them to agcertain the fi'nancial position of
the charity and which enable them to ensure that
the linancial stalements comply with the Charities
Act 2011, the Charity (Accounts and Reports)
RegulaLioris and the provisions of the trust deed.
The Trustee is responsible for safeguarding
the assets of the Charity and hence for taking
reasonable step5 for the prevention and deteclivri
of fraud and other Irregularities.
The annual report and accounts have been
prepared in accordance with Part 8 of the
Charities Act 2011 and Accourlting and Reporting
by Charitiee
Statemcnt of Recommended
Practice ISORPI applicable to charities preparing
their accounts in accordance with the Financial
Rpporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 leffective l January
20151 ds updated by the Chariiies SORP IFRS IU21
Update Bulletin I (effective l January 20161
The Trustee conh'rms that it has met thé
responsibilities set out above and complied with
the requirements for preparing the accounts. The
financial statements and notes set out on pages
18 to 26 have been compiled from and are in
accordance with the h'nancial records niaiiildll Igd
by the Trustee.
Thc Charitys report and accounts include all or
the separate funds for which The Walton Centre
NHS Foundation Trust is the sole corpotate trustee
Ithe 'TrLislee'l.
All of blie sepdTate funds are designated
parts of the Charity registered with the
Charity Commission under the umbrella of
The Walton Centre Charity with the registered
Charity Number 1050050 in accordance with the
Charities Act 2011.
Signed on behalf of the Trustee
The law applicable to charities in England and
Wales requires the Trustee to prepare hnancial
stalements for each financial year whic_h give a
true and fair view of the charity's fi'nancial activities
during the year and of its finaiicial pusiliuri dt the
end of the year. In preparirbg fi'nancial statements
giving a true and fair view, the Trustee should
follow best practice and..
Su Rai
Chair of the Charity Committee
05112124
Select suitable accounting policies and then
apply them con%i£tp.ntly.'
Makejudgements and estimates that are
reasonable and prudent..
State whether applicable accounting standards
and statements of recommended practice
have been followed, subject to any departures
disclosed and explained in the linancial
statements,. and
Ima9e right- The Home Irom Home reiatlves.
acc¢)mmooaiion
14

The Walion C¢ntr¢ Chjrity Ann￿￿ Rep￿rt and￿<¢￿tts2O23
Independent examiner's report to the
corporate trustee of The Walton Centre Charity
I report to the trustees on my examination of the financial statements of The Walton Centre Charity
(the charltyl for the year ended 31 March 2024.
This report is made solely to the charily's trustees. as a body. in accordance with Section 145 of Ihp.
Charities Act 2011. My examination has been undertaken so that I might slate lo the charity's trustees
those matters l am required to stale to them in an Independent Examiner s report and lor no otlier
purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone
other than the charity and the charity's trustees as a body. for my examination. for this reporl. or for the
opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requiremcnts of the Charities Act 2011 lihe 2011 Act).
I reporl in respect ot my examination of the charity's h'nancial statements carried out under section 145
of the 2011 Act. In c.arrying OLIt my examination I have followed all the applicablc Directions given by the
Charity Commission under section 1451511bl of the 2011 Act.
Independent examiner's statement
Your atlention is drawn to the fact that the charity ha% prp.pared hnancial statements in accordance
with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic ol Ireloiid.IFRS 1021 ITi preference 10 Ihe
Accounting and Reporting by Charities.. Sialement of Recommended Practice issued on l April 2005
which is referred to in the extant regulations but has now been withdrawn.
l understand that this has been done in order for hnancial statements to provide a true and lair view in
accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or
after l January 2015.
I have completed my examination. I confi'rm that no matters have come to my attention in connection
with the examination giving me cause to believe thal in any material respecl..
arcounting record& were not kept in respect of ihe charity as required by section 130 of tlie Act, ui
2. the financial siaiemenis do not accorcl with those records,. or
3. the fi'nantial statements do not comply with Ihe applicable requirements concerning Ihe form and
conlenl of accounts set out in the Chaiilie5 IALLounts and Reportsl Regulations 2008 other than any
requirement that the accounts qive a true and fair view which is not a matter r_nnfiidprpd as part of an
independent examination.
16

ThEWkn C•ntM Chlrlty AnnualR@rrnl a￿ArMIAnIs2o23124
I have no concerns and have come across no other mallers in connection with the examinalion to
which attention should be diawn in this repLirt iii order to enable a proper understanding ol Lhe fi'nancial
statements to be reached.
Anita C Mason BAIHons) FCA BFP
Mitchell Charlesworth
Tempesl Suite 5.1,
12 Tilliebarn Slreet. Liverpool,
L2 2DT

The Wailon Cenlre Charity Annual R¢ptylar￿kc￿￿s 2023124
Statement of financial activities
For the year ended 31 March 2024
2023124
2022123
Total Fund5
(Unrestricted)
£000
Total Funds
(Unrestricted)
£000
Income from..
Donqtions and legacies
Other trading activities
Investments
305
285
191
130
32
28
Total income and endowments
528
443
Expenditure on-
Rai51ng tunds
Charitable acflvlties
362
245
281
251
Total expenditure
496
Nel gain5111ossesl on investments
1351
Net incomellexpenditurel and net movement in funds
11161
1881
Reconciliation of funds..
Fund balances brought forward
Fund balances carried forward
1.601
1,689
1,485
1,601
All of Ihe Charity's funds are unreslricled. The nel expenditure the year arises from the Charity's
coiitinuiiiy vyerdlivr15. The noies on pages 2110 2ti lorm part of these accounts.
18

Thewalton Centrecharity knrrtjd Rerxxl arxlAccounls2023124
Balance Sheet
As at 31 March 2024
)te
2023124
2022123
Total Funds
lUn￿$triCted1
Totsl Funds
(Unrestricted)
£000
£000
Fixed assets
Investments
1,212
L213
Total fixed assets
L212
1,213
Current assets
Debtors
18
Cash at bank and in hand
530
Total current assets
309
535
Creditors.. amount5 falling due wilhin one year
Net current assetsllliabilities)
Total assets less current liabilities
36
147
273
388
1.485
1.485
1,601
Total net assets
1,601
Funds of the Charity
Unrestricted
io
1,485
1,601
Total funds
L485
1,601
The nolps nn pAgp_% ?1 to 26 form parl ol these accounts.
Slgned on behalf ol the Trustee
Su Rai
Chair
05112r24
19

Thewalton Centre Charfty Report aThl•£¢LYIrrts2Q3￿4
Statement of cash flows
For the year ended 31 March 2024
2023124
2022123
Total Fund5
IUnre5tricted)
£000
Total Funds
Iunrestrictedl
£000
Cash flows from operating activities-
Net cash provided by {used inl operating activities
12711
11481
Cash flows from investing activities:
Dividends and interest from investments
Proceeds from sale ol investments
Purchase of Investments
32
28
Net cash provided by (used inl investing activities
32
28
Change in cash and cash equiv<Jlents
in the repoiting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end
of the reporting period
12391
650
291
530
Reconciliation of net incomellexpenditurel to net cash flow from operating activities..
Nel incomellexpendilurel lor the reporting period
las pei the statement of fi.nancial activitiesl
11161
1881
Adjustments for..
IGainsl/losses on investments
Llividends and interest from investments
Ilncreaselldeciease in debtors
Increa5elldecreasel In creditors
35
1321
1281
1131
121
11121
1651
Net cash provided by (used inl operating activities
1271)
11481

Thfrwalioncwth Ch•iity Revxi￿￿ Acwnls 2025124
Notes to the financial statements
For the year ended 31 March 2024
l. Accounting Policies
la. Accounting Convention
The fi'nancial statements have been Prepared under the historic cost convention, as modified for the
revaluation of ccrtain invcstmcnls. The linancial statements havc al40 becn prcparcd in accordancc with
Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard IFRS 1021 (effective I
January 20151 as updated by the Charities SORP IFRS 1021 Update Bulletin I leffectsve l January 20191 and
applicable UK Accounting Standards and the Charities Act 2011.
This is the sixth year that fi'nancial statements have been prepared in compliance with the Charities
Statement of Recommended Practice IFRS 1021. A Statement of Cash Flows has also been included.
Ib. Incoming Resources
al All incoming resources are included in full in the Statement of Financial Activities as soon as the
followin9 three factors can be met..
il Entillemeni - arises when conirol over the rights or other access to the economic benefii has passed
to the Charity,.
ill Probable - when it is more likely than not that the economic beneh'ts associated with the transaction
or gift will flow to the Charity,. and
iiil Measurement- when the monetary value or amount of the income can be measured reliably and the
costs incurred for the transaction and the costs to complete the transaction can be measured reliably.
bl Legacies are accounted for as incoming resources when it is probable that they will be received.
Receipt is normally probable when..
il There has been grant of probate;
ill The executors have established that there are sufficient assets in the estate. after settling any liabilities,
to pay the legacy,. and
iiil Any c.nndilirin£ attAc.hpd tn thp. Ipgac.y arp_ p.ithp_r within thp_ c_ontrol nf th?. C_harity nr havp. b?.p_n'mp.t.'
b. LvydLleS dre dLiuuriLed rui (ts iriivming resources when il is probable tlial tliey will be receivèd.
Receipt is normally probable when.
There has been grant of probate,"
ii. The executors have eslabli5hed that there are suffi'cient assets in the estate, after settling any
liabilities. to pay the legacy.. and
iii. Ariy cuiidilioris ¢4Ll¢*cFied Lo Ikie legcliy ale eill)er williiri Ilie curilrol of Ilie Cliaiily ur lidve bveri rTieL.
Ic. Resource Expended
a. The funds held on Trust accounls are p.repared in accordance with the accruals concept. All
expenditure is recognised when all of the following criteria are met
21

The Waltonc￿tTe Chaiity knnual Rep¢xlW ILc(vI52Wi3f24
i. Obligation - 8 present legal or constructive obligation exists at the reporting date as a result
of a pa".t event,-
ii. Probable
it is more likely than not that a transfer of economic benefiis, often cash, will be
required in settlement.. and
iii. 'Measurement - the amount of the obligation can be meauured or ertimaled reliably.
b. Lost of generating tunds comprises the costs associated with altracling voluntary income.
c. Charitable expenditure comprises those costs incurred by the Charity in the delivery of it5 activities
aiid seiviies fur its lJeiieliLldiies. IL i14Llude5 Ix)Ili iusls Lkidl LdTI be £alluL(]ted directly to such activilie5
and any costs of an indirect nature necessary to support them.
d. Governance costs include those costs assr￿lated with meeting the constitutional and .qtattJtory
reqU1￿mentS of the Chaiity and include accountancy fees and costs linked to the strategic
management of the Charity.
I dl Structure of funds
Where there is a legal restriction on the purpose to which a fund may be put. the fund is classift'ed in the
accounts as a restricted fund. Other funds are classih'ed as unrestricted funds. These are funds which ale
not legally restricted but which the Trustee has chosen lo earmark for set puiposes as classified funds
The major funds held within these categories are disclosed in note 10.
lel Investment fixed assets
Stocks and shares are shown at market value.
If) Realised gain5 and losses
All ydllls drid IusSe5 dre ￿ke[l lu Ilie StsleirieTII uf FiriiifiLiiil ALlrvtties as tfriey arise. Realised gains and
losses on investments are calculated as the difference between sales Proceeds and opening market
value lor date of purchase if later). Unrealised gains and losses are calculated as the difference between
market value at the year-eid and opening market value or date of purchase if later.
Igj Foreign currency transactions
All expenditure and-income arising from transactions denominated in a foreign currency are translated
into sterling at the exchange rale in operalion on Ihe date on which the transactions occurred.
Ihl Change In the basis of accounting
This is the sixth year that financial staLements have been prepared in compliance with the Charities SORP
IFRS 1021. There has been no material change in the basis of accounting during the year.
li) Prior year adjustments
There has been no change to the accounts of prior years.
lj) Going concern assumption
The accounts have been prepared on a going concem basis and the Tructee hac no p(anc to wind up the
Charity. or concerns that it cannot continue as a viable entity.
22

ThewatanC¢rtreCharity knrxja Re￿t￿￿lAccthnts 2023124
2. Dividends and interests
Dividends are received for all stocks and shares in benefi'cial ownership of the Charity and are shown
after recovery of tax where allowed. Interest is recorded for all bank accounts and short-term deposits
made by the Charity.
3. Detalls of Income
2023124
2022123
Total Funds
Iunrestrictedl
EOOO
Total FLJnds
IUnre5trictedl
£000
Income and endowments
Donations
269
271
Legacies
Fundraising activities and events
Investment income
36
14
191
130
32
28
Toral income and endowments
528
443
4. Details Df Expenditure
2023124
2022123
Totsl Funds
Iunrestricted)
Total Funds
(Unrestricted)
EOOO
£000
Raising Funds-
Fundraising starf costs
Fundraising activities and events
225
195
92
50
317
245
Charitable Activities:
Patients welfare and amenities
232
iio
Staff welfare and amenilies
22
RpEeArrh
24
37
Independent examination
Administrative support
45
47
326
251
Total
496
All ol the expenditure is accounted for as grants to benefit the staff and patients of The Walton Centre in line with
the Charity's objectives.
23

The Wai￿ncent￿ Chartty knryJal 2023r24
5. Analysis of Staff Costs
2025124
2022123
Total Fund5
(Unrestricted)
£000
Total Fund5
(Unrestricted)
EOOO
Fundraising Staff Costs
Salaries and wages
Social security costs
Employers pension contribution
155
20
18
26
22
Total Fundraising Staff Costs
225
195
The average number ol employee5 during the year was 41202212J. 41. One err,ployee feceived emoluments in
excess ol E60.000 in the currentyeaT in the salary band E70.000 - E80,00012022125. one, in the salary band
£60,000 - E70,0001.
No Trustee ￿M￿nelatIOn or any other benefits have been paid from an employment wilh the Charity and no
Trustee expenses have been incurre(l.
6. Analysis of Fixed Asset Investments
Tliè irivvstinerit porilolio is Inanaged by CCLA arid Ruffei LLP and the lotal amount invested with each manager
was ESOO,000. The movement in the portfolio can be analysed as follows..
2023124
2022123
£000
£000
Market value at the beginning of the reporting period
Less Disposals al carrying value
Aquisilions al cost
Unrealised gainslllossesl
1.213
1,248
1351
Market value at the end of the reporting period
L212
L213
Book cost at Ihc cnd of Ihc rcporting ￿rIOd
1.000
1,000
All investments are held in Ihe UK and the market value can be analysed as follows."
2023124
2022123
EOOQ
EOOO
Li51ed investments
L212
1,213
Totsl
1.212
1,213

ThfyWaIt￿1Cenlre Charity Anrxjai R@¥K)rf￿￿kc￿nIS?o2Sl24
7. Debtors.
Debtors in res￿1 of the following are represented in the aCC￿nts..
2023124
2022123
£000
£000
Prepayments and accrued income
18
Total
18
There were no debtors falling due over one year_
8. Cash and Cash Equivalents
Cash al bank and in hand is held to meet the day-to-day running c.ngt_E c)f rhp C.hArity as they fall due. fash
equivalents are short-term, highly liquid investments, usually in 90 day notice interest beaTing savings accounts-.
2023124
2022123
£000
EOOO
.h at bank ond in hand
291
530
Total cash and cash equivalents
291
530
9. Creditors
The creditor position can be summarised as follows..
2023124
2022123
£000
£000
Amounts due to NHS Foundation Trust
Trade creditor5
io
Accruals and deferred income
23
141
Total
36
147
I here were no Creditors falling due over one year.
25

Th? W•lton Ctthchthity Annual ReFxytWKlkcour4s 2023124
9.1 Deferred income
31 Mar 24
31 Mar 23
£000
£000
Tulal delei red incoine al l April
Amounts received in year
Amounts credited lo statement of h"nancial activities
23
Totsl
23
23
10. Analysis of Funds
Thc movcmcnt in the funds during the year can be analysed as follows
Balance as at
31 March 2023
Income :.
Expenditure
Revaluation of
investments
Balance as at
31 March 2024
£000
£000
£000
£000
EOOO
Unrestricted Fund5
LSlJ2
b28
16431
1,267
Revaluaiion Reserye
iii
218
Total
L601
528
1643)
L485
A list of the unrestricted funds and their balances as at 31 March 2024 is shown in Appendix I,
11. Related Party Transactions
During the year the Trustee, members ol The Walton Centre Charity Committee and the key management staff,
and parties related lo them, had no personal inteiest in any contT3cL nor undeilook any material transactions with
The Walton Centre Charity.
The Charity delivers its charilable objectives ty making grants to Th'e Walton Lenlre NHS Foundation Trust. Gran15
mAdp amniinlp.d tn F?.78.00012022123'. E20tOOOl This included E68.800 for an Optical Coherence Tomography
machine - a piece of equipment which will help prowde more accurate diagnoses and enable clinicians to conduct
d vdriely ul rivurvSiiellLe leSVdlLI I Iiid15. ¢J 12 11)ui Illi wdi11iè151iip with knveipool Philliarmonic providiiig a 'Music for
Heallh, programme for patients, visitors and staff-, and a wig %eNice for patients undergoing MR-9uided focused.
ultrasound IMRGFUSI procedures for essenlial tremor.
The Walton Centre NHS Foundation Tiusl Provides adminislrats've support to the Charity and in 2023124 charged a
fee of E45,00012022123.' E47.0001.
Ai the year end The Walton Centre Charity owed E3.000 to The Walton Centre NHS Foundation Tiusl
12022123.. E3.0001
12. Events after the Reporting Date
The Trustee is not aware of any events after 31 March 2024 and up lo the dale the financial 5tatemen15 have been
approved which will arfecl the accounts.

TheWall¢nCentreCknarity Rep)rt aTrJkcwnt5 2023124
Appendix I
List of Funds and Fund Balances as at 31 March 2024
Fund Name
Fund Balance
2023124
2022123
£000
£000
4009
enpral FLind
834
819
4010
NRU Fund
18
29
4015
Wards Fund
16
4017
Roy Ferouson Compassionate Care Fund
Headache and Neurolooy Fund
Pain Relief Research Fund
70
70
4019
4422
4442
Neuro General Research Fund
4457
Neuro MuscuLir Diseases Fund
4464
Cerebro Vascular Fund
26
27
4465
Horhe From Home
4481
Neurosurgical General Fund
Horsley ITU Fund
Epilepsy Fund
R&D & Higher Study
Nèurophysiology Train. & Educ.
Neurological Disability Fund
L Loudrey Mvmt Disorders Fund
Alan Sulcliffe Keir Lecture Fund
22
22
4487
75
76
4499
22
24
4527
4528
4530
io
32
4532
4533
4537
Cogniiive Research Fun
Stereotactic Fund
4558
4541
Neuivbiuilivi Iiisliy Fuiid
Di50rders 01 Movement Gen Fund
56
58
4550
Research Fellowship
ParliinJonJ Discasc
4900
Neuro X-Ray Research
Neurosurgical Neuro-oncology
Brain lrifeclions Rp.%p_arc.h
15
15
4905
30
32
4910
4911
Nmo And Atypical Disorders
The Sid Walkins Innovation Fund
17
17
4915
87
L267
1.382
27

Thewalion Centre Charity Annual Rep¥xlandkctyJnis2023124
Appendix 2
List of Funds, Fund
Managers and Objectives
Fund
Fund Name
.' Fund M¥wyer
.' ￿M$8￿1 Oblttlives
4009
Geneial
. Ctruel F1Tr3rKeOI
yctrwilable purpose lo ￿ Wallgn Cenire
4010
NRU
E Collierifi fvk¥elon
ScKrai ar￿ r¢¢reaiNyvl f¥iblies lor inpat*nis. impiov4ThJ
quab.tyd life
4015
Wards Ft¥YJ
Ctr¥el Nt￿e
Ilem5 forwards toberEfit palietrt& care¥s atKt slafl. slaff 51udy
5UPP(Mt
4017
R¢)y Fer9uson Comp CareAwaRI
L Sall
knnualiompa55ionate care pi(4e£t
4019
HeadathèArKI Na*ot(w Fund
Research M￿headache alw disoiders.. support
presental#)ns
4422
Pain Rel￿ Re5eaich Fund
Dt M CWJ
Research drxj ￿UC￿li￿T7
1442
Neuro cer￿?1 Resea¢ch
Re*arth proieclc ￿￿ting loany aspect ofc￿.1HCaI rxlence
4457
Neuro Muscukr Di%ea5es FuThJ
Re5eJchaKlleaching in lhefiddOf￿urOMuscU1ordiSeases
4464
.' Cerebro Voxulai FWKI
'. RerwrtheducatK>n. trairiTh) aThY equipmenl
4465
H(¥ne From H(¥ne
FinarKeoifrer
.' MaM)kw) ielaii¥es' accon*YK)dèiion
4401
Neuro5UIgKal GerEral fund
Dr S Nr¥en
Re5eafch. educaliory èfKI e4uiwenl
4487
Horsley ITU Fund
Improve thn¢lard of tare 10 P31iÈnis and Ihai ieiaiives.. SiLxYy
4499
Epikpsy Fund
Research
4527
RbD & Higher Study
Researc￿ educat￿￿, Iraining af¥J equiwnenl
4528
NeurophysKAogy Train. & E(kK.
C Finnegan
TrafftirWeducatK>nfor NeLJFophysiobgy staff
4530
NeurokngKal &satxb'ty Fund
Pri4 CYwr¥J
Re5earcWservice deYeioFKnent actMtie5 in disabling
4532
L Loudrey Mvml [￿SorderS
Reseaichènd educ&
4533
Alan Sulclilfe Kelr Lecture Furyj
Ch￿[ FinarKeOfficer
SpKiabsl re5eaich and educat
45JlS
5lereoiat1￿ FiJrKJ
MT J Farahl MS U Ilhaiga¥3
fiewrcn affj vaining
Ncurtsbi￿heMl5lty fund
Research, edL￿at￿ Iroining ￿￿eqUiPMent
454
Chsnrdpr4 nf ￿Pn1 f*Pn Fiirwl .' DrAP
RPrIaarr￿ ptliJrAtw dpvplr¥Jtnpnt nf npw EpNirp wuliitTrJpE
4550
Neurop5ycFthty Fund
Reseaictt patienteducaiion and equipmeni lo benehl
patients
4552
Paikiri5ons thsease
M &ewJer
Researth edLKatK)n arKJ IrainiThJ
4900
Newo X-Ray Research
A(fvancer￿n1 of Neuror&YK)logy
4905
NeurosuigKal Neuro.fvology
Prof A 8nx*eiV Profm Jer￿n5(
Re￿(h, ed￿1￿￿￿ Iiaining arKI equipment
4910
Blain InfeclK¥15 Re5eaiih
4911
Nrno arKS Atyp￿al Thsrmders
Dr S Huda
Research palEnl care
4915
The Skl Waikw)s InrK)vaiti) FuThl
ch￿ FThr￿ Otk
Supput In￿waI￿ IhroughThe Walloncenlie in fesearc
everi￿. dwn(>9s Irealmenl a[￿ the overall caweof
with di5ea5e5 (x injuryof Ihe nerviJu5 5yslem
28

Thank yoy
The Charity is grateful to all
our donors and supporters
for all they do to raise funds_
and awareness for The Walton
Centre Chayity.
akea
erence
opa
ien
d thei
amilies both now
d in the futur

Contact us
If you would like to contact us about
fundraising. event5 or volunteerlng
please ge
touch.
Call
0151556 3466
Write
The Walton Centre Charity
The Walton Centre NHS Foundation Trust
Lower Lane, Fazakerley
Liverpool L9 7LJ
Visit
thewaltoncentrechar5ty.org
RegIste￿d Charity number
1050QS0
Registered with
FR
FUNDRAISING
REGULATOR
The
Walton Centre
Charity
Jupportifrig Sx6GIIG*IG