2023-10-31-accounts - The Two Walters Charitable Trust

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						SQRP reference
Summary		ofthe purposes			of	Para 1.17	To support projects which promote or
the charity		as set out	in	its			contribute towards locally initiated and
governing		document					sustainable employment and/or the	relief of
							ove or sufferin .
Summary activities	ofthe main in relation tothose					Para 1.17 and 1.19	We provide financial assistance and to a number ofsmall-scale projects	advice in
purposes	for the public						different countries, which are vetted	and
benefit, in		particular,	the				monitored by local volunteer agents	whom
activities,	projects or						the trustees personally know. The agents
services identified in			the				report back to the charity in the UK.
accounts.
Statement		confirming				Para 1.18	Yes. Our grants are all for the general
whether the trustees			have				public benefit. No trustees or donors	derive
had regard		to the guidance					any personal benefit.
issued by	the Charity
Commission on public
benefit
dditional		information		(opttonat)
ou ma choose to include					further statements		where relevant about:
						SORP reference
							We do not accept unsolicited applications.
						Para 1.38	We work only through local volunteer
Policy on	grant making						agents.
							Our projects are generally aimed to	help
						Para 1.38	small scale entrepreneurs or NGOs	to	start
Policy on	social investment						up or expand their business or charitable
including	program related						services. This includes locally-based
investment							charities, and our interest is in helping		them
							to become economically self-sustaining,
							providing local employment, or to expand
							social-related services.
							Our local agents are volunteers. They		are
						Para 1.38	not paid nor do they contribute financially.
Contribution		made by
volunteers

							Our agents and ourselves are rigorous
Other							about checking the competencies of
							beneficiaries. As in the UK, it is more
							difficult to find good projects/people in
							whom to invest than to raise funds.
Achievements				and	Performance
						SORP reference
							Through our local volunteer agents (and
							their partner volunteers in the UK) we
							monitor and assess the impact and
Summary ofthe main achievements ofthe charity,						Para 1.20	success ofthe grants and the projects which they support.
identifying		the difference			the		During 2022/23 we supported 4 projects	in
charity's		work	has	made	to		3countries, via established and accredited
the circumstances				of its			local NGOs. We receive and review project
beneficiaries			and any wider				reports twice a year and engage in critical
benefits	to society			as a			questioning with the local project leads.
whole.							Exact measurement is possible, and is
							given, where there are specific, physical
							outputs, and these have been good. Some
							projects are also able to assess the income
							impact ofthe project, but this is not
							possible in some cases, such as where	the
							principal aim is to pay for the facilitation	of
							local community meetings, empowerment
							and vocalisetion/planning ofa community's
							needs.
							A particular aim ofour grant-making is	to
							discourage any form of dependency, at
							least in the sense of having a clear end	of
							support in sight.
							We are confident that many thousands	of
							individuals have benefitted sofar from our
							support in terms ofassisting them to
							economic self-sufficiency or employment-
							and thereby to building up local level
							empowerment, social networks and human
							infrastructure.
							Funds raised in the year = 629,236
							Ex enditure: F44,608
Additional		information			(optional)
You ma	choose to			include further statements			where relevant about
							With a light touch but probing system of
							reporting, based on face to face
Achievements			against			Para 1.41	assessment and some evidential
objectives set							measurement, we are confident that we
							provide extraordinary value for money (with
							zero costs except bank charges) and that
							we make a big difference toa small number
							of eo le.
							We fundraise from a small group ofdonors
							who commit to providing an annual amount.
Performance offundraising activities against objectives						Para 1.41	We generally are able to raise more funds than we are able to dispense.
set

			We do not invest sums financially	here in	here in
			the UK but simply keep monies in	our
Investment	performance	Para 1.41	Berclays Bank account. The charity's		policy
against objectives			isto not to borrow or invest.
Other

Review ofthe charity's			Para 1.21	Cash in the bank at 31.10.23was	Cash in the bank at 31.10.23was	F31.
financial position at the	end
ofthe eriod
Statement explaining the			Para 1.22	Our policy is always to hold a positive
policy for holding reserves				balance at Barclays Bank. Winding		up
stating why they are held				costs will be zero as we have no	assets or
				em lo ees or liabilities.
Amount of reserves held			Para 1.22	Cash in the bank at31.10.23was		f31.
Reasons for holding zero			Para 1.22	We have no liabilities.
reserves
Details offund materially		in	Para 1.24
deficit
Explanation ofany			Para 1.23	No uncertainties.
uncertainties about the
charity continuing as a going
concern
Additional information	(optional)
You ma choose to include		further statements		where relevant about
				We fundraise from a small group	ofdonors
				who commit to providing an annual		amount.
The charity's principal sources offunds (including			Para 1.47	We generally are able to raise more funds than we are able to dispense.
any fundraising)
				We do not invest sums financially		here in
				the UK but simply keep monies in		our
Investment policy and objectives including any			Para 1.44	Barclays Bank account. The chadity's policy is to not to borrow or invest.
social investment policy
adopted
				Apart from the extremely distant	possibility
				of insolvency ofour bank, Barclays, there
A description ofthe principal			Para 1.46	are no financial risks. Reputational		risk
risks facing the charity				might exist, except that the small	group of
				donors is informed about what is	going on
				and they are part ofthe approvai	process
				for donations.
Other

Description of charity's			Charitable trust registered with the	Charity
trusts:			Commission
Type of governing document		Para 1.25	Trust deed
trust deed, royal charter)
Flow is the charity		Para 1.25	Charitable trust registered with the	Charity
constituted?			Commission
(e.g unincorporated
association. CIO)
Trustee selection methods		Para 1.25	There must be at least three trustees.
including details ofany			Trustees are appointed by fellow trustees
constitutional provisions	e.g.		for a period offive years, renewable.
election to post or name	of		Trustees are selected on the basis	of
any person or body entitled			goodwill, ability to contribute financially,
to appoint one or more			knowledge, contacts, and financial	or
trustees			mana erial abili
Additional information	(optional)
You ma choose to include further statements			where relevant about
			Trustees are given the trust deeds	and
			copies ofthe annual reports. Trustees are
Policies and procedures adopted for the induction		r ara i.51	invited to take part in all grant-making discussions and decisions, as well as the
and training oftrustees			AGM. Trustees are encouraged to	take
			active responsibility for monitoring	and
			su ortin articular local a ents.
			The charity has a chair. Three trustees
			including the chair have access to	the bank
The charity's organisational structure and any wider		Para i.ai	account and have bank cards, and each can spend moneys from that account. Bank
network with which the			account statements go to the chair. At the
charity works			AGM details of all income and expenditure
			during the year is given to trustees.
Relationship with any		Para 1.51
related parties
Other

Charit	name	name		The Two Walters Charitable	The Two Walters Charitable	The Two Walters Charitable
Other name		the charit	uses
Registered		charity number		1140220
Charity's	principal address			The registered	address	is cfothe charity's	accountant:
				ANDREW GAMMON A		G TAX LTD ?M FLOOR 42 MINCING
				LANE, LONDON	EC3R	TAE

mes	ofthe charity tr	ustees who manage	the charity
	Trustee name	Office lifany)	Dates acted ifnot for whole ear	Name to a	ofperson (or body) entitled oint trustee ifan
1	Mark Hudson	Chair
2	Mike Giedroyc
3	Richard Smith
4	Nick Dove
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Funds held as custodian	Funds held as custodian	trustees on behalf ofothers
Description ofthe assets	held	Not applicable
in this capacity
Name and objects ofthe		Not applicable
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for	Not applicable
safe custody and segregation
ofsuch assets from the
charity's own assets

Names and	address	es ofadvise	rs (Optional information)
Type of	Name		Address
adviser
Accountant	Andrew	Gammon	A G TAX LTD 7™ FLOOR	42 MINCING		LANE
			LONDON EC3R 7AE
Name ofchief executive or names ofsenior staff members				(Optional	information)

						SQRP reference
Summary		ofthe purposes			of	Para 1.17	To support projects which promote or
the charity		as set out	in	its			contribute towards locally initiated and
governing		document					sustainable employment and/or the	relief of
							ove or sufferin .
Summary activities	ofthe main in relation tothose					Para 1.17 and 1.19	We provide financial assistance and to a number ofsmall-scale projects	advice in
purposes	for the public						different countries, which are vetted	and
benefit, in		particular,	the				monitored by local volunteer agents	whom
activities,	projects or						the trustees personally know. The agents
services identified in			the				report back to the charity in the UK.
accounts.
Statement		confirming				Para 1.18	Yes. Our grants are all for the general
whether the trustees			have				public benefit. No trustees or donors	derive
had regard		to the guidance					any personal benefit.
issued by	the Charity
Commission on public
benefit
dditional		information		(opttonat)
ou ma choose to include					further statements		where relevant about:
						SORP reference
							We do not accept unsolicited applications.
						Para 1.38	We work only through local volunteer
Policy on	grant making						agents.
							Our projects are generally aimed to	help
						Para 1.38	small scale entrepreneurs or NGOs	to	start
Policy on	social investment						up or expand their business or charitable
including	program related						services. This includes locally-based
investment							charities, and our interest is in helping		them
							to become economically self-sustaining,
							providing local employment, or to expand
							social-related services.
							Our local agents are volunteers. They		are
						Para 1.38	not paid nor do they contribute financially.
Contribution		made by
volunteers

							Our agents and ourselves are rigorous
Other							about checking the competencies of
							beneficiaries. As in the UK, it is more
							difficult to find good projects/people in
							whom to invest than to raise funds.
Achievements				and	Performance
						SORP reference
							Through our local volunteer agents (and
							their partner volunteers in the UK) we
							monitor and assess the impact and
Summary ofthe main achievements ofthe charity,						Para 1.20	success ofthe grants and the projects which they support.
identifying		the difference			the		During 2022/23 we supported 4 projects	in
charity's		work	has	made	to		3countries, via established and accredited
the circumstances				of its			local NGOs. We receive and review project
beneficiaries			and any wider				reports twice a year and engage in critical
benefits	to society			as a			questioning with the local project leads.
whole.							Exact measurement is possible, and is
							given, where there are specific, physical
							outputs, and these have been good. Some
							projects are also able to assess the income
							impact ofthe project, but this is not
							possible in some cases, such as where	the
							principal aim is to pay for the facilitation	of
							local community meetings, empowerment
							and vocalisetion/planning ofa community's
							needs.
							A particular aim ofour grant-making is	to
							discourage any form of dependency, at
							least in the sense of having a clear end	of
							support in sight.
							We are confident that many thousands	of
							individuals have benefitted sofar from our
							support in terms ofassisting them to
							economic self-sufficiency or employment-
							and thereby to building up local level
							empowerment, social networks and human
							infrastructure.
							Funds raised in the year = 629,236
							Ex enditure: F44,608
Additional		information			(optional)
You ma	choose to			include further statements			where relevant about
							With a light touch but probing system of
							reporting, based on face to face
Achievements			against			Para 1.41	assessment and some evidential
objectives set							measurement, we are confident that we
							provide extraordinary value for money (with
							zero costs except bank charges) and that
							we make a big difference toa small number
							of eo le.
							We fundraise from a small group ofdonors
							who commit to providing an annual amount.
Performance offundraising activities against objectives						Para 1.41	We generally are able to raise more funds than we are able to dispense.
set

			We do not invest sums financially	here in	here in
			the UK but simply keep monies in	our
Investment	performance	Para 1.41	Berclays Bank account. The charity's		policy
against objectives			isto not to borrow or invest.
Other

Review ofthe charity's			Para 1.21	Cash in the bank at 31.10.23was	Cash in the bank at 31.10.23was	F31.
financial position at the	end
ofthe eriod
Statement explaining the			Para 1.22	Our policy is always to hold a positive
policy for holding reserves				balance at Barclays Bank. Winding		up
stating why they are held				costs will be zero as we have no	assets or
				em lo ees or liabilities.
Amount of reserves held			Para 1.22	Cash in the bank at31.10.23was		f31.
Reasons for holding zero			Para 1.22	We have no liabilities.
reserves
Details offund materially		in	Para 1.24
deficit
Explanation ofany			Para 1.23	No uncertainties.
uncertainties about the
charity continuing as a going
concern
Additional information	(optional)
You ma choose to include		further statements		where relevant about
				We fundraise from a small group	ofdonors
				who commit to providing an annual		amount.
The charity's principal sources offunds (including			Para 1.47	We generally are able to raise more funds than we are able to dispense.
any fundraising)
				We do not invest sums financially		here in
				the UK but simply keep monies in		our
Investment policy and objectives including any			Para 1.44	Barclays Bank account. The chadity's policy is to not to borrow or invest.
social investment policy
adopted
				Apart from the extremely distant	possibility
				of insolvency ofour bank, Barclays, there
A description ofthe principal			Para 1.46	are no financial risks. Reputational		risk
risks facing the charity				might exist, except that the small	group of
				donors is informed about what is	going on
				and they are part ofthe approvai	process
				for donations.
Other

Description of charity's			Charitable trust registered with the	Charity
trusts:			Commission
Type of governing document			Trust deed
trust deed, royal charter)
Flow is the charity		Para 1.25	Charitable trust registered with the	Charity
constituted?			Commission
(e.g unincorporated
association. CIO)
Trustee selection methods		Para 1.25	There must be at least three trustees.
including details ofany			Trustees are appointed by fellow trustees
constitutional provisions	e.g.		for a period offive years, renewable.
election to post or name	of		Trustees are selected on the basis	of
any person or body entitled			goodwill, ability to contribute financially,
to appoint one or more			knowledge, contacts, and financial	or
trustees			mana erial abili
Additional information	(optional)
You ma choose to include further statements			where relevant about
			Trustees are given the trust deeds	and
			copies ofthe annual reports. Trustees are
Policies and procedures adopted for the induction		r ara i.51	invited to take part in all grant-making discussions and decisions, as well as the
and training oftrustees			AGM. Trustees are encouraged to	take
			active responsibility for monitoring	and
			su ortin articular local a ents.
			The charity has a chair. Three trustees
			including the chair have access to	the bank
The charity's organisational structure and any wider		Para i.ai	account and have bank cards, and each can spend moneys from that account. Bank
network with which the			account statements go to the chair. At the
charity works			AGM details of all income and expenditure
			during the year is given to trustees.
Relationship with any		Para 1.51
related parties
Other

Charit	name	name		The Two Walters Charitable	The Two Walters Charitable	The Two Walters Charitable
Other name		the charit	uses
Registered		charity number		1140220
Charity's	principal address			The registered	address	is cfothe charity's	accountant:
				ANDREW GAMMON A		G TAX LTD ?M FLOOR 42 MINCING
				LANE, LONDON	EC3R	TAE

mes	ofthe charity tr	ustees who manage	the charity
	Trustee name	Office lifany)	Dates acted ifnot for whole ear	Name to a	ofperson (or body) entitled oint trustee ifan
1	Mark Hudson	Chair
2	Mike Giedroyc
3	Richard Smith
4	Nick Dove
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Funds held as custodian	Funds held as custodian	trustees on behalf ofothers
Description ofthe assets	held	Not applicable
in this capacity
Name and objects ofthe		Not applicable
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for	Not applicable
safe custody and segregation
ofsuch assets from the
charity's own assets

Names and	address	es ofadvise	rs (Optional information)
Type of	Name		Address
adviser
Accountant	Andrew	Gammon	A G TAX LTD 7™ FLOOR	42 MINCING		LANE
			LONDON EC3R 7AE
Name ofchief executive or names ofsenior staff members				(Optional	information)