Registered Charlty No: 1115263
WILLIAM WALTON AND LA MORTELLA TRUST
Annual Report and Unaudited Financial Statsments
For the year ended 31 December 2024
tc
accounts. tax legal . financial planning

LLIAM WALTON AND LA MORTELLA TRUST
Contents
Reports
Legal and administrative information
Report of the trustees
Independent examiner's report
Accounts
Statement of financial activities
Statement of financial position
Notes to the accounts
9-14

WILLIAM WALTON AND LA MORTELLA TRUST
Legal and administrative information
Patron
HM King Charles111
Trustees
John F da Luz Camacho
Alessandra Vinciguerra
Caroline Howard
Olivia Hall
Registered Office
89 Judd Street
London
WC1H 9NE
Charity Registration Number 1115263
Independent Examiner
Philip Clark
TC Group
6th Floor King's House
9-10 Haymarket
London
SW1Y 4BP
Bankers
Charities Aid Foundation Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

WILLIAM WALTON AND LA MORTELLA TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 December 2024
The trustees p￿sent their report together with the financial statements of William Walton and
La Mortella Trust for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set
out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011
and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable
lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102)" (effective 1 January 2019).
structure, governance and management
The Trust is governed by a Trust deed dated 26 June 2006 and is a registered charity. number
1115263. The Trust was established by an initial gift from Lady Walton following the death of
her husband, Sir William Walton in 1983. Lady Walton died on March 21, 2010. The Twst
does not actively fundraise and seeks to continue its work through careful stewardship of
exisling resources.
The Trustees are appointed by the Board and serve for three years after which period they
may put themselves fO￿ard for re-appointment. The Trust Deed does not state a limit to the
number of Trustees.
At the six monthly trustees, meetings the trustees agree the broad strategy and areas of
activity for the Trust, including consideration of grant making, investment, reserves and risk
management policies and performance. The day to day administration of grants and the
processing and handling of applications prior to consideration by the Trustees is delegated to
the Administrator.
Newly appointed trustees undergo an orientation session to brief them of their legal obligations
under charity law, the content of the Twst Deed, and the decision making processes, the role
of the Administrator and recentfinancial perfomiance. Priorto taking up the posttrustees meet
the key persons associated with the running of the Trust.
Risk management
The Trustees have assessed the major risks lo which the charity is exposed. in particularthose
relating to the specific operational sreas of the charity and its finances. The Trustees believe
that by monitoring reserve levels, by ensuring controls exist over key financial systems, and
by examining the operational and business risks faced by the charity. they have established
effective systems to mitigate those risks.
Objectives and activities
To promote public education and research (including publication of the useful results
of such research) in the following areas:
The art of music
The flora of the Mediterranean and the tropics
The art of garden design and landscape architecture
To maintain. consolidate and extend the garden, collection of plants, and gardening in
a sustainable, environmentally responsible way.

WILLIAM WALTON AND LA MORTELLA TRUST
REPORT OFTHE TRUSTEES {CONTINUED)
FOR THE YEAR ENDED 31 Decembèr 2024
To enrich the museum and performance facilities (including but not limited to the recital
hall and the Greek theatre) at La Mortella for the benefit of the public (and particularly
for the benefit of young people and people who are nol able-bodied).
To establish and maintain a museum for the display of William Walton memorabilia,
musical artefacts and other items of musical interest so as to promote public education
in the works of Sir William Walton and his music.
The objoctlves for the year 2024 were:
To reopen William Walton Music Room to the public, organizing a display of Archive
material and of Lady Walton's objects.
To slart working on the merger be￿een the William Walton Trust and the William
Walton La Mortella trust.
To improve the Mediterranean part of the gardens at La Mortella, adding new garden
features.
To continue the organization of concerts and music festivals at La Mortella.
Grant-making policy
Grants will be made to those bodies who request support in Tesearch of the flora of the
Mediterranean and the tropics, the art of music with relation to the work of William Walton, and
to the art of garden design and landscape architecture.
It is intended that those who benefit from the charty's V￿rk will include young professional and
amateur musicians, horticulturalists and landscape designers.
Achievements and performance
La Mortella reopened to the public on Maich 30th with the inauguration of Sir William Walton's
restored music studio, now housing part of his archive, and a new permanent exhibition
dedicated to Lady Walton. displaying her iconic hats. gowns. and jewelry. The occasion was
marked by pianist Giulio Biddau. closely associated with La Mortella. who performed
selections from Walton's Fafjade. This event launched a vibrant concert season of 52
performances: 46 chamber music concerts and six symphonic events at the Greek Theatre.
The season highlighted young artists from leading institutions including the Accademia di
Santa Cecilia, the Royal College of Music, and Ihe Stauffer Foundation. Standout moments
featured rare two-piano programs. intemational chamber duos. and rising soloists such as
Magdalena Ho and Daniil Bulayev. The Greek Theatre's symphonic series opened with
Ischia's historic "Aurora. Band. underlining communty engagement, and continued with
performances by the Cambridge Universty Jazz Orchestra and the Fontane Youth Orchestra
of Rome.
In autumn, the season was inaugurated by Spanish violinist Jacobo Christensen, a student of
Salvatore Accardo. alongside British pianist Kyle Hutchings, supported by the Keyboard
Charilable Trust. In partnership with the Accademia Filarmonica Romana, concerts altemated
be￿een Rome's Sala Casella and Ischia, showcasing young pianists Nicolas Giacomelli,
Adriano Scapicchi, Laura Licinio, and ensembles from the Fiesole School of Music. Particularly
noteworthy were the bassoon-piano duo of Enrico Bassi and Fabio Fomaciari, the violin-cello
duo of Mara Paolucci and Jacopo Gaudenzi. and the promising duo of PaTide Losacco and
Luca Cianciotta.

WILLIAM WALTON AND LA MORTELLA TRUST
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 Decembor 2024
A new water feature was introduced in the Mediterranean Gardens, inspired by Argentinian
country troughs and named La Fuente (Spanish for Yountain.) in tribute to Lady Watton's
heritage. Surrounding Mediterranean plantings were further enriched and expanded.
In 2024, the Gard8ns welcomed nearfy 92,000 visitors, with a notable rise in British attendan
due to our partnership with the Royal Horticultural Society. School visits also increased, vvith
students participating in guided tours and interactive workshops. The Gardens closed on
November 3rd. before reopening for winter visits shortly thereafter.
The KEPOS Project: Landscapes and Archaeology retumed for its third edition, offering eight
events that explored topics ranging from Ischia's prehistory to the management of
archaeological parks and historic gardens, w51h contributions from universities, archaeological
park directors, and cultural institutions.
Throughout 2024, it was reaffirmed that the activities of the William Walton La Mortella Trust
and the William Walton Trust both in music and in the stewardship of the Walton Museum
and Archivwemain fully aligned and indistinguishable in practice. As both trusts share the
same Trustees, the Boards have delennined that exploring a fomal merger is in the
organizations, best interests. They believe such consolidation would eliminate administrative
duplication. strengthen governance, and enhance the effective pursuit of their shared
charitsble objectives.
The Trust provided support through donations for several recordings of Walton's music,
including a contribution of £15,000 toward the second of a three-disc series by the Slnfonia
of London with Chandos Records-a leading orchestra that has also performed numerous
Walton works in live concerts in London and beyond•￿nd for a commeTcial recording by the
BBC Symphony Orchestra of the revised edition of Walton's Sinfonia ConGertante for piano
and orchestra.
Financial review
The financial results for the year ended 31 December 2024 are set out on pages 7 to 14.
Income of the Trust in the year lotalled: £269,612, including interest of £37,144 and royalty
income of £232,468. No donations or legacies were received in 2024.
Charitable activity expenditure totalled £158,774 and included grants made of £127,100 to
various institutions. see note 5, and support costs of £31,674, see note 6.
Total net movements in reserves funds in the year was a net income of £110,838.
The balance sheet shows total funds of £1,942,084. This includes a cash at bank balance of
£1 ,901,471. All funds are unrestricted funds, available for charitsble purposes. The trustees
consider the level of reserves meets the charities reserve policy.

LUAM WALTON AND LA MORTELLA TRUST
REPORTOF THE TRUSTEES {CONnMJED)
FOR THE YEAR ENDEO 31 D•e•mb•r 2024
Inv•stsTr•nt poky
At 31 2024. tr*re was knvesirn
Ise e￿ y* (m YW trj c￿rfty to pkn it Is Pr￿ to
Ihre•triaéJ St b*rr• dat• •rTr￿téd ts: £1.942,IX4 {2Q3;
£1.831.246). Thern resutt•d regwva8 ré•eTru arn free r••wv•8.
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To Iwlng to the ffleroe Wlkn W*IM T￿1 tha
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70 improthJ ts gardens at Lo partrular ￿ ur#kriaké tnltiativ
Ovred 8t ktte?•ing 93rden's rnsll*JKe tl¥owJh ttio adopuon of suathkn
ro ￿)derya￿0 thp rfjstoratr￿ Apartrnent
•)d w￿r•S ccrnpretMth retLvbthrMnt. upgrades fijll
eompliance *lth OjJr￿ 8aléty regulat1￿ And Stsndards
Thè In olfice thirlNJ the yearww• al folw"
John F Luz CJmatho
Olwla H811
AFvoved tsy tr￿lee5 and 819nod on thew tew,
Jokn F da L¢tt Cam•cho
Appro¥￿ by the Tn￿te￿ on IS Ociob

WILLIAM WALTON AND LA MORTELLA TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WILLIAM WALTON AND LA MORTELLA TRUST
FOR THE YEAR ENDED 31 December 2024
I report to the trustees on my examination of the accounts of William Walton and La Mortella
Trust (the Trust) for the year ended 31 December 2024.
Responslbllltles and basls of report
As the charity trustees of the Trust 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 Trust's accounts carried out under s.145 of the
2011 Act and in carrying out my examination I have followed all the applicable Directions gwen
by the Charity Commission under s.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 Trust 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 requirement5 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 independenl 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 orderto enable a proper understanding of
the accounts to be reached.
Phll
lark FCCA
6th Floor King's House
9-10 Haymarket
London
SW1Y 4BP
Dated..

WILLIAM WALTON AND LA MORTELLA TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 December 2024
2024
Unrostricted
Funds
2023
Unrestricted
Funds
Notes
Incorne and endowments from:
Investment
Other
37,144
232,468
38,031
239.312
Total income and endowments
269,612
277,343
nditure on:
Charitable activities
(158,774)
(166,716)
Total expenditure
(158.774)
(166.716)
Net Incomel (expenditure) for the year and
net movement In funds
110,838
110,627
Reconciliation of funds
Balances brought fO￿ard
At 1 January 2024
1,831,246
1,720,619
Balances carriod forward
At 31 December 2024
1.942.084
1.831,246
All incoming and outgoing resources relate to the general fund, which is unrestricted.

ItrILLIAM WALTON AILI LA IIORTELLA TrUST
STATEMENT OF FIII4NCIAL PO8moN
AS AT31 DAeapnb• 2024
DobtC¥8 Que y•#r
C￿h 8t bank
47.957
1.901.471
79,924
1.758,th6
CTrdltorn: Amoufts lallln9 du•
wllhln on• yt•r
ff,344)
(7.344)
1.942.084
1.831.24e
UnmtrK¢gJ fiM%ts
1.941084
1,831.248
All a$￿ts to geftwal fimd, wl*h h uwlrthl
Ihe *re opprn*d by tl* TnMtfj¢J on 15 2026 •nd thetr b•b&Y
John F d• Luz C•rnxho

WILLIAM WALTON AND LA MORTELLA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2024
1. Accountlng policies
Charlty Informatlon
William Walton and La Mortella Trust is a Charity registered in England and Wales. The
registered address is 89 Judd Street London WC1 H 9NE.
Accounting conventlon
The accounts have been prepared in accordance with the Charity's trust deed, the Charities
Act 2011 and "Accounting and Reporting by Charities: Statemenl of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting
Stsndard applicable in the UK and Republic of Ireland (FRS102)" (effective 1 January 2019).
The accounts are prepared in sterling, which is the functional currency of the Charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the
Charily has adequate resources to continue in operational existence for the foreseeable future.
Thus the Trustees continue to adopt the going concem basis of accounting in preparing the
accounts.
Charitable funds
Unrestricted funds are available for use at the discretion of Ihe Trustees in furtherance of their
charitable objectives unless the fvnds have been designated for other purposes.
Income
Incoming resources are r8cognis8d in the period in which the charity is entitled to receipt and
the amount can be measured with reasonable certainty.
With the exception of income arising from donations, all income is credited to the statement of
financial activities on a receivable basis.
Donations are credited to the ststement of financial activities in the period in which they are
received.

WILLIAM WALTON AND LA MORTELLA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2024
Expenditure
Expenditure is included in the statement of financial activities when incurred and includes
attributsble VAT which cannot be recovered.
ReSoU￿S expended comprise the following:
a. Charitable activities include grant payments. which are included in the statement of
financial activities when approved and when the intended recipient has either
received the funds or been informed of the decision to make the grant and has
satisfied all related conditions. Grants where the beneficiary has not been infomied
or has to meet certain conditions before the grant is released are not accrued for but
are noted as financial commitments in the notes to the accoun*s.
b. Governance costs comprise the costs incurred by finance and human resources
which are directly attributable to the management of the charity's assets.
organisational procedures and the necessary legal procedures for compliance with
statutory requirements.
Cash flow
The accounts do not include a cash flow statement because the charity, as a small reporting
entity, is exempt from the requirement to prepare such a ststement under Financial Reporting
Standard 1 'Cash flow ststements..
Cash and cash equivalents.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-
term liquid investments with original maturities of three months or less, and bank overdrafts.
Bank overdrafts are shown within borrowings in current liabilities.
Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments,.
Financial instruments are recognised in the Statement of Financial Position when the charty
becomes part to the contractual provisions of the instrurnent.
Financial assets and liabilities are offset. with the net amounts presented in the financial
statements. when there is a legally enforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balanc&s. are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitules a
financial transaction, where the transaction is measured at the present value of the fLrture
receipts discounted at a market rate of interest. Financial assets classified as receNable within
one year are not amortised.
10

WILLIAM WALTON AND LA MORTELLA TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2024
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initialty recognised at
transaction price unless the arrangement constitutes a financing transaction. where the debt
instrument is measured at the present value of the future payments discounted at a market
rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequentty carried at amortised cost, using the effective interest rate
method.
Trade creditors are obligation to pay for goods or services that have been acquired in the
ordinary course of operations from suppliers. Amounts payable are classified as cuThent
liabilities if payment is due within one year or less. If not. they are presented as non-current
liabilities. Trade creditois are recognised initially at transaction price and subsequently
measured at amortised cost using the effective interest method.
Derecognition of financlal Ilabllltles
Financial liabilities are derecognised when Ihe charity's contractual obligations expire or are
discharged or cancelled.

WILLIAM WALTON AND LA MORTELLA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 December 2024
2. Income from Investments
2024
2023
Interest receivable
37,144
38,031
3. Other Income
2024
2023
Royalty income
232,468
239,312
4. Charitsble activlties
2024
2023
Grants (see note 5)
Support costs (see note 6)
127,100
31,674
79.500
87,216
158,774
166,716
12

WILLIAM WALTON AND LA MORTELLA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 December 2024
5. Grants
The charity makes grants to institutions in accordance with its grant making policy set out
in the trustees, report.
Institutions
2024
2023
Fondazione Williarn Wallon e La Mortella
Sinfonia of London
David Owen Norris
Chetham's School of Music
The Nova Music Trust
Sinfonia Smith Square
Cambridge University Jazz
The William Walton Trust
Heath Street Baptist Church
Onyx Brass
Rydale Festival Trust
Royal College of Music
100,000
15,000
3.500
2,500
2,500
2,300
1,300
15,000
4.000
50.000
3.000
3,000
2,500
2,000
127,100
79,500
6. Support costs
2024
2023
Festival co-ordination
Professional fees
Accountancy fees
Miscellaneous expenses
13,743
10,116
7,200
615
16,129
61.491
6.420
3,176
31,674
87,216
7. Debtors: due wlthln one year
2024
2023
Charity repayment claim
47,957
79,924
13

WILLIAM WALTON AND LA MORTELLA TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 December 2024
8. Creditors: amounts falling due wlthln one year
2024
2023
Accruals - Accountancy fees
7,344
7,344
7,344
7.344
9. Trustees. remuneration expenses and arrangements
No trustees were reimbursed for expenses during the year {2023'. £nil).
No remuneration was received by any of the twstees. No trustee had any beneficial interest
in any contract with the charity during the year.
10. Taxation
William Walton and La Mortella Trust is a registered charity and therefore, is not liable to
income tax or corporation tax on income or gains derived from its charitable activities, as they
fall within the various exemptions available to registered charities.
11. Related party disclosures
The three trustees are also trustees of The William Walton Trust (registered charity number:
289605). During the year, the charity gave donations totalling £nil (2023.. £50,000) to The
William Walton Trust.
During the year, amounts totalling £100,000 (2023: £nil) were donated to Fondazione William
Walton e La Mortella, a charity based in Italy associated with the Trust. One of the trustees is
president of the Italian charity, while another trustee is on the board of trustees of the Italian
charity.
12. Events after the reporting date
At a meeting of the Trustees held on 21 March 2025. the proposed merger of The William
Wallon Trust and William Walton and La Mortella Trust was approved. The Agreement for the
transfer of the activities and assets of The William Walton Trust to William Walton and La
Mortella Trust was also approved on the same date.
The Trustees are still finalising the merger and the proposed date for Completion of the Merger
is on or around December 2025.
14