## **THE WALNUT TREE TRUST**
## **Registered Charity No 1182220**
___________________________________________________________________________
## **Annual Report - 2020**
This Annual Report details the work of the charity trustees of The Walnut Tree Trust, a charitable incorporated organisation entered onto the Register of Charities on 26[th] February 2019 (the “ **CIO** ”).
This Annual Report relates to the accounting period of 01/01/20 to 31/12/20 (the “ **Accounting Period** ”).
During this period the charity trustees were as follows:
Mr Nicholas Walker Mrs Kate Britten Mr Steven Birkin Mr Anthony James Clelford Mrs Catherine Margaret Howie
The Clerk was Elizabeth Stopford.
The Charity’s objects are “ _for the public benefit, such exclusively charitable purposes (according to the laws of England and Wales) in the village of Shoreham or elsewhere_ .”
## Responsibilities
The CIO owns and maintains three grade II listed cottages and is responsible for a number of outbuildings. The cottages consist of two 2-bedroomed cottages and one 4-bedroomed cottage. The charity trustees have rented the cottages at below market rates. The houses, which are in good repair, also contribute to the built environment and benefit the people of Shoreham by preserving significant and picturesque buildings in the village.
## Structure
During the Accounting Period, the CIO was managed by 5 trustees who offered their time and skills in a voluntary capacity and were supported by a volunteer clerk. All the charity trustees previously volunteered for the trust called The Walnut Tree Trust, with registered number 212147, and whose assets and liabilities were transferred to the CIO on 1[st] January 2020. There were two vacancies for charity trustees which were not filled during the Accounting Period. During the Accounting Period there were no changes to the charity trustees.
## Activities
During the Accounting Period, the CIO developed plans to convert one of the outbuildings (a barn) into another dwelling for private sale for the public benefit in the village of Shoreham or elsewhere. This was a complex project which was a key focus for the charity trustees over
the Accounting Period. A planning application was submitted to Sevenoaks District Council in September 2020 but was withdrawn at the end of November 2020 after objections from village stakeholders. On completion of this proposed project, the charity trustees envisaged distributing funds to local causes for the public benefit, once available.
## Public benefit
The maintenance and preservation of the cottages contributed to the built environment and visual amenity of the Conservation Area in Shoreham village, as well as preserving architecturally significant and picturesque buildings for the benefit of all.
The Walnut Tree Trust Accounts for year ended 31 December 2020
Charity number: 1182220
## **The Walnut Tree Trust**
## **Statement of financial activities (including summary income and expenditure account) Year ended 31 December 2020**
|**Year ended 31 December 2020**||||||||
|---|---|---|---|---|---|---|---|
||**2020**||||**2019**|||
||||**Total**||**2019**||**Total**|
||**Unrestricted**|**Restricted**|||**Unrestricted**|**Restricted**||
||**£**|**£**|**£**||**£**|**£**|**£**|
|**INCOME**||||||||
|Rent|23,976.97||23,976.97||21030.87||21,030.87|
|COIFCharitiesDepositFund-dividend|38.09||38.09||37.33||37.33|
|Rebateforoverchargedinsurance|107.60||107.60||||-|
|**Income total**|**24,122.66**|**-**|**24,122.66**||**21,068.20**|**-**|**21,068.20**|
|||||||||
|**EXPENDITURE**||||||||
|||||||||
|EDFenergy,vacant property (No.31)|112.93|||||||
|Sit Sukphol;mowingofgrass frontage|690.00||||350|||
|Its AbsolutelyFloorless;new carpetingat No. 31|120.00|||||||
|Keith Skinner - repairs|600.00||||1355|||
|Sevenoaks Electrical Limited|348.00|||||||
|TD Geer faultyheating|||||267|||
|Feathercote digger|||||6060|||
|Brian Alleeson -propertymaintenance|||||6904.88|||
|Derek Matysiak -propertymaintenance|||||1970|||
|JeremySteer -propertymaintenance|||||892.9|||
|Door deals -propertymaintenance|||||551.9|||
|Power Factor - electrical works|||||1684.96|||
|Rental of town hall|||||30|||
|Annihilated Wasps - waspremoval|69.00|||||||
|Kate Howie - reimbursement|||||295|||
|Stone KingLLP; professional fees|2,332.40||||13362|||
|Propertyowners insurance|850.96||||818.62|||
|Management liabilityinsurance|274.50||||260|||
|Planning portal feesfor Barn|487.00|||||||
|Greenspace Ecological Solutions Ltd|2,910.00|||||||
|Hughes Town PlanningLLP; professional fees|2,441.70|||||||
|**Total expenditure**|**11,236.49**||||**34,802.26**|||
||.|||||||
|**Surplus income**|**12,886.17**|**-**|**12,886.17**||**13,734.06**
**-**|**-**||
|||||||||
|ReservesB/fwd|2,620,323.66|||||||
|Surplusforyear|12,886.17|||||||
|**Reserves C/fwd**|**2,633,209.83**|||||||
## **The Walnut Tree Trust**
## **Balance sheet as at 31 December 2020**
|**Fixed Assets**
3 properties - valued at Fair Value
**Current Assets**
Bank
Investments
**Less: Current liabilities**
**Net assets**
**Funds of the Charity:**
Restricted Fund
Unrestricted fund
TOTAL FUNDS|**2020**
**Unrestricted**
**Restricted**
**Total**
**£**
**£**
**£**
2,600,000
2,600,000
15,678
15,678
19,352
19,352
15,678
2,619,352
2,635,030
1,820
0
13,858
2,619,352
2,635,030
2,619,352
2,619,352
13,858
13,858
13,858
2,619,352
**2,633,210**|**2019**
**Unrestricted**
**Restricted**
**Total**
**£**
**£**
**£**
2,600,000.0
2,600,000.0
2,792
2,792
17,965
17,965|
|---|---|---|
|||2,792
2,617,965.0
2,620,757
433
0|
|||2,359
2,617,965
2,620,757|
|||2,617,965
2,617,965
2,359
2,359|
|||2,359
2,617,965
**2,620,324**|
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name The Walnut Tree trust **members of On accounts for the year** 31 December 2020 **Charity no** 1182220 **ended (if any) Set out on pages** 2 and 3 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2020. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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 section 145 of the 2011 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** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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: Name:** Louise Hallsworth **Relevant professional** FCA **qualification(s) or body** ICAEW **(if any): Address:** Lynwood House Crofton Road Orpington
**Date:** 27 December 2021
**Oct 2018**
1
**IER**
Kent BR6 8QE
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**Oct 2018**
2
**IER**