CHARITY COMMISSION FOR ENGLAND AND WALE5 Recei ts and payments accounts CC16a For the p•riod from To 011111?024 3111012025 Section A Recei ts and ments UniostriGt•d funds to Ihe n•ar•*t R85triGt8d lund• Endowment lunds Total funds Last tyr th• th•4Mt £ to th• Mar••t£ to tho Th•4reBt£ A1 Recol Is Donations GiftAI4 Recei 51,515 1.132 51,51S 1,132 10.000 71 Sub totalfGmss incom8 for ARJ 62.147 13,271 2.647 A2 A•••t and Inv¢•tm•nt sal••, •• tabh . Sub total Total recelpts A3P •nt• Donabon3 palo Admln51rabon cost¥ Sub lotal 12,SOD M AJB•t and invostrnent urthase tsbl? Sub total TotalpoyMtS 41,741 Net of reCeiTP{PaYrnents) AS Transfers betw•en fundB A8 Cash funds laBt year ond Cash funds thls year end 10.906 TT1 803 803 31 802 CCXX Rl accounts ISSI 2110112026
CHARITY COMMISSION FOR ENGLAND ANO WALES Trustees, Annual Report for the period From 1.11.24 to 31.10.25 Charlty name: THE TWO WALTERS CHARITABLE TRUST Charlty reglstratlon number: 1140220 Objectlves and Activities SORP refwence Para 1.17 Summary ofthe purposes of the charity as set oul in its governing document To support projects lch promote or contribute towards locally initiated and sust8inable employment andlor the relief of ove or sufferin We provide financial asslstance and advice to a number of smalkscale proiects in different countries, which are vetted and monitored by local volunteer agents whom the trustees personally know. The agents report back to the charity in the UK. Summary ofthe main ectivities in Telation to those purposes for the public benefit, in particular, the activiti85, projects or seNices identified in the accounls. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public b8nefit Para 1.17 and 1.19 P•ro 1.18 Yes. Our grants are all for the general public benefrt. No trustees or donors derive any personal benefft. Addltlonal Inforniation loptlonal) You ma choose to include further statements where relevant about.. SORP referee We do not accept unsolicited applications. We work only through local volunteer agents. Para 1.38 Policy on grant making Our projects are generally almed lo help smalkscale, local charrties to sustain or expand poverty andlor health relief., or to assist entrepreneurs or NGOS to start up or expand their business or charitable services Our local agents are volunteers. They are not paid nor do they contribute financially. P8M 1.38 Policy on soci81 investrnent induding program related investment PJrè 1.38 Contribution made by volunteers Our agents and ourselves are rigorous about checking the competencies of beneficiaries. As in the UK. it is more Other
difficult to find good proj'ectslpeople in whom to invest than to raise funds. Achievements and Performance 50RP refer Through our local volunteer agents land their partner volunteers in the UK) we monrtor and assess the impact and success of the grants and the projects which they support. During 2024125 we supported 5 projects In 3 countries, via established local NGOS: two in Afric8 (where we plan to wind down OUT SUPPOrt} and 3 in Ukralne (our main focus). We receive and review projeci reports twice a year and engage in critical queslioning with Ihe local project leads (including an in-person visit by a trustee to Ukrainel. We monilor and are happy that all five projects are extremely beneficial to the ultimate benefi'ciaries. Summary of the maln achievements of the charity, identifying the difference Ihe charity's work has made lo the circumstances of its beneficiaries and 8ny wider benefits to 50Ci8ty as a whole. Para 1.20 Funds raised in the year = £52,847 Ex enditure.. £41741 Addltional infomiallon loptlonal) You ma choose to include further statements where relevant aboLrt'. Wrth a light touch but probing system of reporting, based on face to face assessment and some evidential measurement, we are confident that we provide extraordinary value for money (wlh zero costs except bank chaTgesl and that we make a big difference to a small number of eo We fundraise from a small group of donors who commil to providing an annual amount. Achievements against objectives set Parj 1.41 Performance of fundraising activities against objectives set Para 1.41 We do not invest sums financially here in the UK but simply keep monies in our Bardays Bank account. The charity's policy is to not to borrow or invest. Investment performanc8 against objectives Para 1.41 Other
Financial Review Review of the charty's financial posits'on at the end of the riod Statement explaining the policy for holding reserves staling why they are held Para 1.21 Cash In the bank at 31.10.25 VRS £11,708. Para 1.22 Our policy is aayS to hold a positive balance at Barclays Bank. Winding up costs will be zero as we have no assets or em lo ees or liabilities. Cash in the bank at 31.10.25 was £11708. We have no liabilities. Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficlt Explanation of any uncertainties about the charty continuing as a going concern Para 1.22 p1.22 P8r8 1.24 Para 1.23 No uncertainties. Addltlonal Inforniation (optlonall You ma choose to indude further statements where relevant about.. We fundraise from a small group of donors who commit to providing an annual amount. The charity's principal sources of funds (including any fundraising) Pam 1.47 We do not invest sums financially here in the UK but simply kéep monies in our Barclays Bank account. The charity's policy is to not lo borrow or invest. Investment policy and objectives including any social investment policy adopted Para 1.46 Apart from the extremely distant possibility of insolvency of our bank, Barclays. there are no financial risks. Reputational risk might exist, except that the small group of donors is infomied about what is going on and they are part of the approval process for donations. A description of the principal risks facing the charity Para 1.48 Other Structure, Governance and Management De5criptSon of charity's trusls.. Type ofgoveming document Charitable trust registered with the Charity Commission Trust deed Para 1.25 How is the charty constituted? Para 1.25 Charitable twst registered with the Charity Commission Trustee selection methods includin details of an PAr8 1.25 There must be at least three trustees. Trustees are a ointed b fellow tnjstees
constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees for a period of five years, Tenewable. Trustees are selected on the basis of goodwill, abilty to contribute financially, knOedge, conlacts, and financial OT mana erial abili Additlonal Inforniatlon loptlonall You ma choose to include further ststements where relevant about.. Trustees are given the trust deeds and coy'e5 of the annu81 reports. Trustees are invited to take part in all grant-making discussions and decisions, as well as Ihe AGM. Trustees are encouraged to take aclNe responsibility for monrtoring and su ortin articular Ioc81 a ents. The charty has a chair. Three trustees induding th8 chair have access to the bank account and have bank cards, and each can spend moneys from that account. Bank account statements go to the chair. Al the AGM details of all incom8 and expenditure during the ygar is given to trustees. Policies and procedures adopted for the induction and training of trustees ParB 1.51 The charity's organisational structure and any wider neiwork with which the charity works Pgra 1.51 Relationship with any related parties Paro 1.51 other Reference and Administrative details Chari nama Other name the chari uses Registered charity number Ch3rtiy's principal address The Two Walters Charitable Trust 1140220 The registered address is do the charity's accountant.. flo ANDREVV GAMMON, A G TAX LTD. 3 FLOOR, 28 AUSTIN FRIARS, LONDON. EC2N 2QQ
Names of the charlty trvstees vtho manage the chaflty Dates a¢t¢d If not fort•thole oar Trustee name Oftlce111 onyl Name of person lor body) entitled olnt try8tee Ilan Mark Hudson Chair Miko Giedroyc Richard Smith Nick Dove Richard Hudson 29.04.25-31.10.25 10 11 12 13 14 15 16 17 18 19 20 orale trustees- names of the directors at the date the rc Dlreetor n•m• ortwas a roved Narne of trustees holdlng trtle to Property belonging to the charity 08tu acted bl not lor wholo Truito• name ••r
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