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
TotalpoyM￿tS
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 refere￿e
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 a￿ayS 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
p￿1.22
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,
knO￿edge, 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

rrf•oll