Charity number: 1062657
Madeleine Mary Walker Foundation
Trustees, report and fjnancial statements
for the year ended 31 March 2025

Madeleine Mary Walker Foundation
Contents
Page
Legal and administrative inforniation
Trustees report
Independent examiT]ers' report
Stalement of financial activities
Balance sheet
Notes to the financial statements
8- 11

Madeleine Mary Walker Foundation
Legal and administrative information
Charity number
1062657
Business address
l Levington Wynd
Nunthorpe
Middlesbrough
TS7 (IQD
Trustees
P. F. B¢nfield
M. P. Frankland
T.J. Power
M. G. Westgarth-Taylor
A. Frankland
P. Gaynon
Accountants
Chipchase ManneTS
384 Linthorpe Road
Middlesbrough
'rs5 6HA
Bankers
Bayclays Bank PLC
4 St Peters House
Pavilion Shopping Centr¢
Stockton-on-Tees
TS17 9F"F
Solicitors
Newtons Solicitors
Martin House
High Street
Stokesley
TS9 SAD
Page I

Madeleine Mary Walker Foundation
Report of the trustees
for the year ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025. The trustees who served
during the year and up to the date of this report are set out on page l. The financial statements have been prepared in
accordance wtth the accounting policies set out in note I to the accounts and comply with the chairty's trust deed, Charities
Act 2011 and Accounting and Reporting by Charities- Statement of Recommended Practice applicabe to charities
preparing their accounts in accordance with the Finacial Reporting Standard applicable in the UK and Republic of Ireland.
Structure, governance and management
Governing document
The charity is governed by its T￿st Deed.
Governing body
The t￿Stee5 are appointed by the Board of Trustees and are required to meet specifications concerning eligibility, personal
competence. specialist skills and local availability. The trustees may serve the charity until the age of eighty is attained.
subject to approval.
Trustee-training
New trustees are inducted into the working environment of the charity, including trustees policy and procedures. All
tnsstees give their time freely and no trustee remuneration was paid in the year. Details of trustee expenses are shown in
note 5 of the accottnts.
Organisational management
Th¢ trustees meet 415 times a year to deterniine the gen¢ral policy of the charity and i-eview its overall maiiagen]ent and
control for which Ihey are legally responsible.
Risk management
The trustees have examined the major strategic, business and operatiOTJal risks to which the charity is exposed. The trustees
confimi that systems have been established to enable regular reports to be produced so that the necessary stLPS can be
takeii to lessen these risks.
Grant making policy
When trustees meet, they assess grant applications, and may interview individual grant applicants. The size of the grant is
determined by the available funds, the number of applicants and the need of tlie applicants.
The ti-ustees review the grant making policy annually to ensure that it refl¢cts the charity's objectives and therefore
advances public benefit.
Applications are encouraged from all social and economic backgrounds, regardless of gender. disability, sexual orientation
or ethnicity.
Objectives and actlVAties for the public benefit
The objective of the charity is the promotion of education through making grants to appropriate individuals. The trustees
confirni that they have referred to the gltidance contained in the Charity Commissions general guidance on public benefits
when reviewing the charity's aims and objectives.
Siralegic aim and objectives
The charity's Strategic aim is the promotion of education, experience and achievernent through making grants to appropriate
individuals and organisations.
Page 2

Madeleine Mary Walker Foundation
Report of tbe trustees
for the year ended 31 March 2025
Principol activity
The principal activity of the charity is to promote education through making grants to appropriate individuals and
organisations.
Achievements and performance
The listed investments were revalued at their market value at the balance sheet date resulting in an unrealised loss of
£31,179 (2024-. Profit of £6,844). Listed investments were sold during the year resulting in a realised profit of £12,101
(2024- Loss of £2,237). Income for the year from rental properties amounted to £52.712 (2024: £43,465) and investment
income £10,385 (2024: £9,379).
Financial review
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which
equates to approximately six months unrestricted expenditure. This provides suffiLient funds to cover manauement,
administration and support costs. 'fhe current level of free reserves exceeds this figure, but it is the trustees intention to
hold such levels of free reserves as they see fiL in order to respond to ¢m¢rgency applications for orants which arise from
time to time.
Investment powersy policy and performance
The trustees will continue to take professioFJal advice on the equity holdings and look for investment opportunities for the
part of the fund held in cash.
Plans for future periods
The Ch￿.￿ty plans to contiiiue the activities outlined above in the forthcoming years.
Page 3

Madeleine Mary Walker Foundation
Report of the trustees
for the year ended 31 March 2025
Statement of trustees, responsibilities
The trustees are responsible for preparing the Trustees, Annual Report and the financial statemeT]ts in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Acco￿nting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial
year which give a true and fair view of charity and ofthe incoming resources and application of resources of the charity for
that y¢ar. In preparing these financial statements the trustees are requtr¢d to:
select suitable accounting policies and ihen apply them consistently;
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed
and explained in the financial statements- and
prepare the financial statements on the going concern basis unless it IS Tnappropriate to presume that the Charity will
Continue in operation.
The trustees are re.%ponsible for keeping proper accounting records which disclose with reasonable accuracy at any time the
rinancial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011
and the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible
for safeguardino the assets of the Lljarity and hence for taking reasonable steps for the prevention kmd detection of fraud
and other irregularilies.
On behalf of the board
M. P. Frankland
Trustee
23 January 2026
Page 4

Madeleine Mary Walker Foundation
Independent examiner's report to the trustees on the unaudited financial statements of
Madeleine Mary Walker Foundation.
I report on the accounts of Madeleine Mary Walker Foundation for the year ended 31 March 2025 which comprise the
Statement of Financial activities, balance sheet and related notes.
Respective responsibilities of trustees and illdependent examiner
As the charity's trustees you are responsible for the preparation of the accounts. you consider that an audit is not required
for this year UT]der section 144(2) of the Charities Act 2011 (the 2011 Act), that an independent examination is needed.
It is my responsibility to examir]e the accounts under section 145 of the 2011 Act. lo follow the procedures laid down in
the General Direction5 given by the Charity Commission under section 145(5)(b) of the 201 l Act- and to state whether
particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Cummission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accolints presented
with those records. It also in¢lud¢s consideration of any unusual items or disclosures in the accounts, and seeking
explanations from you as trustees concerning any such malters. The procedures undertaken do not provid¢ all the
evidence that would be required in an audit and consequently no opinion is giv¢n as to whether the accounts present a
'true and fair view, and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material r¢spect the requirements-.
to keep proper accounting records in accordance with section 130 of the 201 l Act. and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements
of the 2011 Act
have not been met. or
(it) to which, in my opinion, att¢ntion should be drdwn in order to enable a proper understanding of the accounts to be
reached.
C. S. Gorman
ACA, FCCA
IndependeDt examiner
384 Linthorpe Road
Middlesbrough
TS5 6HA
23 January 2026
Page 5

Madeleine Mary Walker Foundation
Statement of financial aetivities
For the year ended 31 March 2025
Unrestricted
funds
2025
Total
2024
Total
Notes
Income and endowments
Investment income
63,097
63,097
52,844
Total income
63,097
63,097
52,844
Expenditure
Investment management costs
Expenditure on Charitable activities
Support costs
11,787
47,131
1,184
11,787
47,131
1,184
12.790
11,630
528
Total expenditure
60.102
60,10?
24.C)48
Net (outgoing)lincoming resources before
other reeognised gains and losses
2,995
2.995
27,896
Other reeognised gains and losses
Gaingl(Losses) on investment assets
Other (105ses)/gains
12.101
12,101
(31,179) (31.179)
(2,237)
6,844
Net movement in funds
(16,083) (16.083)
32,503
Reconciliation of Funds
Total funds brought forward
1,355,663 1.355,663
,323,160
Total funds carried forward
1,339,580 1.339.580
1,355,663
The notes on pages 8 to I I form an integral part of these flnancial stAtements.
Page 6

Madeleine Mary Walker Foundation
Balance sheet
as at 31 March 2025
2025
2024
Notes
Fixed assets
Investments
Current assets
Debtors
Cash at bank and in hand
1,289.632
1.094,2 12
1,833
52,735
,433
263,768
54.568
265,201
Creditors: amounts falling
due within one year
10
(4,620)
(3,750)
Net eurrent assets
49,948
261.451
Net assets
1.339,580
1,355,663
Fund5 of the charity
Unrestricted income funds
1,339,580
1,355,663
Total charity funds
1,339,580
.355,663
The financial statements were approved by the trustees on 2J January 2026 and signed on its behalf by
M. P. Franldand
Trustee
The note5 on pages 8 to I I form an integral part of these financial statement&
Page 7

Madeleine Mary Walker Foundation
Notes to financial statements
for the year ended 31 March 2025
Statement of Compliance
The financial statements have been prepared in compliance with FRSI 02, 'The Financial Reporting Standard
applicable in the UK and the Republic of Ireland, the Statement of Recoinmended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic
of Ireland FRS102 (Charity SORP (FRS102)) and the Charities Act 2011.
Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistelltly
throu&hout the year and the preceding year.
2.1. Basis of preparation
The financTal statements are prepared under the historical cost convention, as modified by the revaluation of
certain financial assets and liabilities and investment properties measured at fair value through the income or
expenditure
The financial 5tateTnents are prepared in sterling. which is the ￿nCtIOnal currency of the entity.
2.2. ID¢oming resources
All incoming resource5 are included in the statement of financial activities when the charity is entitled to the
income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to
particular categories of income..
Income from investments is included in the year in which it is receivable.
2.3. Resources expended
ExpeNditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part ofthe expendilure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneficiaries. It includes both costs that can be allocated directly to such activities and those cost5 of an
indirect nature necessary to support them.
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the charity.
2.4. Investments
Investments held as fixed assets are revalued at mid-market value at the balance sheet date and the gain or loss
taken to the statement of financial activities.
2.5. Going Concern
The trustees consider that there are no material uncertanties alN)Ut lh¢ charity's ability to continue as a going
concern.
2.6. Disclosure exemptions
The entity satisfies the crileria ot"b¢ing a qualifying entity as defined in fRS 102. As such, advantage has been
taken of the following disc105ure exemptions available under paragraph 1.12 of FRS 102. Disclosure in respect
of the financial instruillents have not been presented
Page 8

Madeleine Mary Walker Foundation
Notes to financial statements
for the year ended 31 March 2025
2.7. Judgements and key source of estimation uncertainty
The preparation of the financial statements require management to make judgements, estimates and assumptions
that affect the amounts reported. These estimates and judgements are continually review￿ and are based on
experience and other factors,
Investment income
Unrestrieted
funds
2025
Total
2024
Total
Income from UK investment properties
Income from UK listed investments
52,712
10,385
52,712
10,385
43.465
9,379
63,097
63,097
52,844
Investment management costs
Unrestricted
funds
2025
Total
2024
Total
Insurance
Rat¢s, Fleat and Light and Repairs
Agents fees
Legal & professional fees
1,603
816
6,619
2,749
1,603
816
6,619
2,749
1,538
2,063
6.136
3,053
11,787
11.787
12,790
Costs of charitable activities - by fund type
Un restricted
funds
2025
Total
2024
Total
Grants paid
47,131
47,131
11.630
47,131
47,131
11,630
Support costs
Unrestricted
funds
2025
Total
2024
Totsl
Sundry
Accountancy fees
Bank charges
137
912
135
137
912
135
402
126
1,184
1,184
528
Page 9

Madeleine Mary Walker Foundation
Notes to financial statements
for the year ended 31 March 2025
Employees
Employment costs
No salaries or wages have been paid to employees. including the trustees, during the year.
No employee received emoluments of more than £60,000 (2024 . None).
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of
full time equivalents, was as follows=
2025
Number
2024
Number
Cash held
as part
of the
Listed Investment iJJvestment
investments properties
portfolio
Fixed asset investments
Totsl
Valuation
At l April 2024
Additions
Disposals
Revaluations
292,510
792,826
216,788
8,876 1.094.212
62.228
336,296
(60,029) (122,257)
(18,619)
(62,228)
(18,619)
At 31 March 2025
268,943 1,009,614
11,075 1,289,632
Historical co,%t as at 31 March 2025
292,510 1,009,614
8,876 1,311,000
All fixed asset investments are held within the United Kingdom.
Investment properties are held at cost. In the opinion of the trustees there has b¢en no rnovemenl in the market
value of the investment properties.
Debtors
2025
2024
Other debtors and prepayments
1,833
1,433
Page 10

Madeleine Mary Walker Foundation
Notes to financial statements
for the year ended 31 March 2025
10.
Creditors: amounts falling due
within one year
2025
2024
Trade creditors
4,620
3,750
ii.
Analysis of net assets between funds
Unrestricted
funds
Total
funds
Fund balances at 31 March 2025 as represented by:
Investment assets
Current assets
Current liabilities
1.289,632
54.568
(4,620)
1,289,632
54,568
(4,620)
1,339,580
1,339,580
12.
Unrestricted funds
At
l April Incoming Outgoing Cains and
2024
resources
resourees
losses
At
31 Mareh
2025
General Reserves
1,355,663
63.097
{60,102) {19,078)
1,339,580
Page 11