**ANNIUAL REPORT 1[st] April 2024 – 31[st] March 2025**
## **Administrative and governance details**
Rudolph Walker Foundation, charity number: 1157221, organisation type: Charitable Incorporated Organisation, company number: CE001999
## **Trustees serving during this time**
Rudolph Walker CBE – Chair Deji Adeoshun (re-appointed 22 November 22) Lindsey Coulson (appointed 22 November 22) Sarah Eckert (re-appointed 22 November 22) Michaelene Gail Holder-March (appointed 22 November 22) Ricky Norwood (appointed 22 November 22) Anton Phillips (appointed 22 November 22) Sheona Walker Darren Walker
Ansel Wong (re-appointed 22 November 22)
## **Vision Statement**
To unlock the limitless potential of young people through the creative arts, empowering them to rise with confidence, lead with purpose, thrive in community, and follow their dreams.
## **Mission Statement**
We achieve this by delivering high-impact creative development programmes that combine immersive cultural experiences, professional mentorship, and transformative storytelling. Through these initiatives, we cultivate self-belief, leadership, and authentic expression, turning potential into practice and preparing young people to shape their futures with purpose and pride.
## **Activities during the year**
The charity ran REACH & Beyond a programme aimed at young people at risk of exclusion from school at Chace Community School (16 students), Edmonton County (16 students) and St Anns Catholic High School for Girls (14 students) for a term at each with workshops taking place after school once a week for 2 hours for between 8 and 12 weeks culminating in a showcase in front of peers, friends, family & teachers. The program was run for 3 terms at Oasis Academy (53 students). All schools are in the London Borough of Enfield.
We ran a Summer University drama course on behalf of Enfield Youth Service for 23 young people who performed their piece at the Summer University closing event Ignite and in front of 800 people in Rudolph Walker’s 85[th] birthday celebration at the Broadway Theatre in Lewisham which took place September 2024, hosted by Eddie Nestor MBE & Robbie Gee featuring young people, celebrities and professional comedians & singers all of whom gave their time in order to raise funds for the Foundation. The event raised almost £6,000 once all expenses were paid & and was produced by trustee Sarah Eckert.
We ran weekly drop-in workshops in each of 2 youth centres on behalf of Enfield Youth Service – Ponders End Youth Centre and Craig Park Youth and Family Hub.
## **Financial review**
- RWF had £14539 in the bank as at 31 March 2025, owed creditors £2816, was owed £250 and carried £2,000 of income forward to 2025/26 to finish work in Oasis Academy.
- Total income for the year was £37,147 & total expenditure £35,490 thus the year finished with a surplus of 1,657.
- £5868 was raised through the fundraising show at Broadway Theatre. Workshops were funded by Enfield Youth Service, NEXUS Enfield & in some cases by the schools, £2,500 was raised through donations some made in return for appearances by Rudolph Walker CBE. Drama facilitator/mentors accounted for £20,590 of expenditure, administration & overheads totalled £5,458
## **Reserves policy**
RWF currently has no reserves and no funds in deficit.
## **Uncertainties:**
While the company currently relies on project-based funding, access to core funding would significantly strengthen RWF’s organisational capacity, including the employment of an administrator and the ability to respond effectively to new opportunities.
Signed:
**Deji Adeoshun**
Chair
Date: 16 January 2026
## **Income & expenditure The Rudolph Walker Foundation Year ended 31 March 2025**
|**Opening balance Balances**
Accrued Expenses
HSBC
Loans from Officers
Accounts Payable
Accounts receivable
Accrued revenue
Prepayment
Income
EARNED INCOME
Box Office commissions
Box Office receipts
Fees for REACH workshops
Workshop fees
Programme & merchandising
commission
Programme & merchandising
income
RW Fees
**Total for EARNED INCOME**
FUNDRAISING & DONATIONS
Donations
Trusts & Foundations
**Total for FUNDRAISING &**
**DONATIONS**
Miscellaneous Income
Services
Grants Income
Restricted
**Total for Grants Income**
PRS & licensing costs
**Total for Income**
Cost of Sales
**Gross Profit**|**31/03/2024**
**31/03/2023**
94
7,850
-
10,266
21,745
146
-
146
-
2,303
-
379
-
7,682
14,130
-
2,676
7,911 9,598
**Apr 1 2024 - Mar 31**
**2025**
**Apr 1 2023 - Mar 31 2024**
0
0
-1,455
-278
15,125
1,775
5,150
14,508
15,000
5,571
-15
100
500
**33,820**
**22,161**
0
0
2,477
4,023
500
**2,477**
**4,523**
350
500
0
0
20,372
**0**
**20,372**
-27
**37,147**
**47,029**
0
0
**37,147**
**47,029**|
|---|---|
|Expenses
GENERAL COSTS
Administrator
Bank Charges
Box office costs
Computer costs
Dues and Subscriptions
Hospitality
Travel and Meetings
Trophies & prizes
DBS check
Excursion costs
Insurance Expense
Office Expense
Postage and Delivery
Telephone
Volunteer expenses
**Total for GENERAL COSTS**
Insurance Expensee
PRINT & PROMOTION
Banners & pop ups
Photography & filming
Printing
Social Media
Website
Design
**Total for PRINT & PROMOTION**
PRODUCTION FEES & COSTS
Artist Fees
Drama facilitators/mentor fees
PRS
Technical equipment
Travel & expenses
Venue hire
Producer fees
Set, costume, props
Technical fees
**Total for PRODUCTION FEES &**
**COSTS**
FEES
Fundraising costs
**Total for FEES**
**Total for Expenses**
**Net Operating Income**
Other Income
Other Expenses
**Net Other Income**|0
0
2,980
8,298
83
66
291
11
569
499
1,393
3,236
75
92
57
293
241
50
522
25
52
30
50
**5,458**
**13,454**
567
0
0
72
682
400
7,840
166
194
190
1,050
2,471
2,441
400
**3,299**
**12,607**
0
0
100
1,175
20,590
15,245
291
720
325
2,013
4,140
2,964
400
180
650
**26,166**
**22,627**
0
0
27
**0**
**27**
**35,490**
**48,716**
**1,657**
**-1,687**
0
0
0
0
**0**
**0**|
|---|---|
Net Income
1,657
-1,687
|**Closing Balances**||**31/03/2025**|**31/03/2024**||
|---|---|---|---|---|
|Accrued Expenses|-|405
-|94|94|
|HSBC||14,539|10,266|10,266|
|Accounts Payable|-|2,816
-|- 2,303|- 2,303|
|Accounts Receivable|250|250|||
|Accrued Revenue|- 2,000|- 2,000|||
|Loan from Trustee|||- 146|- 146|
||9,568 7,911|9,568 7,911|9,568 7,911|9,568 7,911|
|opening balances + income - expenses 9,568 7,911||9,568 7,911|9,568 7,911|9,568 7,911|
## **Approved on behalf of the Trustees**
## **Deji Adeoshun**
1/15/2026
**Date**
## **Income & expenditure The Rudolph Walker Foundation Year ended 31 March 2025**
|**Opening balance Balances**
Accrued Expenses
HSBC
Loans from Officers
Accounts Payable
Accounts receivable
Accrued revenue
Prepayment
Income
EARNED INCOME
Box Office commissions
Box Office receipts
Fees for REACH workshops
Workshop fees
Programme & merchandising
commission
Programme & merchandising
income
RW Fees
**Total for EARNED INCOME**
FUNDRAISING & DONATIONS
Donations
Trusts & Foundations
**Total for FUNDRAISING &**
**DONATIONS**
Miscellaneous Income
Services
Grants Income
Restricted
**Total for Grants Income**
PRS & licensing costs
**Total for Income**
Cost of Sales
**Gross Profit**|**31/03/2024**
**31/03/2023**
94
7,850
-
10,266
21,745
146
-
146
-
2,303
-
379
-
7,682
14,130
-
2,676
7,911 9,598
**Apr 1 2024 - Mar 31**
**2025**
**Apr 1 2023 - Mar 31 2024**
0
0
-1,455
-278
15,125
1,775
5,150
14,508
15,000
5,571
-15
100
500
**33,820**
**22,161**
0
0
2,477
4,023
500
**2,477**
**4,523**
350
500
0
0
20,372
**0**
**20,372**
-27
**37,147**
**47,029**
0
0
**37,147**
**47,029**|
|---|---|
|Expenses
GENERAL COSTS
Administrator
Bank Charges
Box office costs
Computer costs
Dues and Subscriptions
Hospitality
Travel and Meetings
Trophies & prizes
DBS check
Excursion costs
Insurance Expense
Office Expense
Postage and Delivery
Telephone
Volunteer expenses
**Total for GENERAL COSTS**
Insurance Expensee
PRINT & PROMOTION
Banners & pop ups
Photography & filming
Printing
Social Media
Website
Design
**Total for PRINT & PROMOTION**
PRODUCTION FEES & COSTS
Artist Fees
Drama facilitators/mentor fees
PRS
Technical equipment
Travel & expenses
Venue hire
Producer fees
Set, costume, props
Technical fees
**Total for PRODUCTION FEES &**
**COSTS**
FEES
Fundraising costs
**Total for FEES**
**Total for Expenses**
**Net Operating Income**
Other Income
Other Expenses
**Net Other Income**
**Net Income**|0
0
2,980
8,298
83
66
291
11
569
499
1,393
3,236
75
92
57
293
241
50
522
25
52
30
50
**5,458**
**13,454**
567
0
0
72
682
400
7,840
166
194
190
1,050
2,471
2,441
400
**3,299**
**12,607**
0
0
100
1,175
20,590
15,245
291
720
325
2,013
4,140
2,964
400
180
650
**26,166**
**22,627**
0
0
27
**0**
**27**
**35,490**
**48,716**
**1,657**
**-1,687**
0
0
0
0
**0**
**0**
**1,657**
**-1,687**|
|---|---|
|**Closing Balances**
Accrued Expenses
HSBC
Accounts Payable
Accounts Receivable
Accrued Revenue
Loan from Trustee
opening balances + income - expenses|**31/03/2025**
**31/03/2024**
405
-
94
14,539
10,266
2,816
-
- 2,303
250
- 2,000
- 146
9,568 7,911
9,568 7,911|
|---|---|
## **Approved on behalf of the Trustees**
## **Deji Adeoshun**
**Date 15 January 2026**
## **Independent Examiner's Report to the Trustees of The Rudolph Walker Foundation**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 1 to 3.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the A I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 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 charity 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 requirements 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 independent 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 order to enable a proper understanding of the accounts to be reached.
## Signed: B M Joseph
Name B M Joseph FCA Address PO Box 199, Edgware, Middlesex HA8 7FG Date: 19 January 2026