**Walking Together Foundation, Charity No. 1184811 (England & Wales)**
## **Walking Together Foundation**
## **TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **For the fnancial period ended 31 December 2021**
**Charity no: 1184811 (England and Wales)**
**CONTENTS**
## **Walking Together Foundation, Charity No. 1184811 (England & Wales)**
|Administrative information|1|
|---|---|
|Report of the Trustees|2 - 4|
|Statement of fnancial activities|5|
|Balance sheet|6|
|Notes to the accounts|7 - 8|
**Walking Together Foundation, Charity No. 1184811 (England & Wales)**
## **ADMINISTRATIVE INFORMATION**
Charity Number 1184811 (England and Wales) Registered Office c/o Rita Akkari, Treasurer 155 De Beauvoir Road London N1 4DL Trustees and date of appointment Kenneth Robert White, 8 August 2019 Judith-Rose Duchess of Somerset, 8 August 2019 Charlotte Emily Wilson White, 8 August 2019 Rita Akkari, 8 August 2019 David James Hugh Meredith, 8 August 2019 Bankers To be determined (see below)
-1-
## **REPORT OF THE TRUSTEES for the Period Ended 31 December 2021**
The Trustees are pleased to present their annual Trustees' Report together with the financial statements of the Walking Together Foundation for the period ending 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in Note 1 of the accounts, and comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).
## OBJECTIVES AND ACTIVITIES
The objects of the Walking Together Foundation are:
(1) the advancement of education
(2) the prevention and/or relief of poverty
(3) the advancement of health and/or the saving of lives
(4) the relief of those in need by reason of youth, age, gender, ill-health, disability or financial hardship and
(5) such other charitable purposes (according to the law of England and Wales) as the trustees shall in their absolute discretion think fit,
in all cases for the public benefit, by initiating and providing grant funding for ecumenical outreach projects addressing serious social need anywhere in the world, and thereby demonstrating the outworking of the Christian faith.
The Trustees have considered the public benefit requirement under the Charities Act 2011.
## ACHIEVEMENTS
During the financial period under review, the Walking Together Foundation:
(1) Continued the process of applying to open a current account for the Foundation;
(2) Pending the opening of a current account, encouraged donors to provide direct support to the St. Timothy Scholarship Programme in Malawi, which the Foundation has identified as an ecumenical outreach project it wishes to support. This is a scholarship programme run jointly by the Anglican Diocese of Upper Shire and the Roman Catholic Diocese of Mangochi (the “Malawi Dioceses”) that funds secondary school education for boys and girls from some of the poorest families in Malawi;
(3) Assisted the Malawi Dioceses in developing processes to implement the Safeguarding Policy adopted by them in September 2020 in connection with the St. Timothy Scholarship Programme;
## **Walking Together Foundation, Charity No. 1184811 (England & Wales)**
(4) Applied for Affiliate Membership of the Chapel & York U.S., U.K. and Canadian Foundations. Chapel & York provides support services to international charities and in particular can accept tax deductible donations from U.S., U.K. and Canadian donors on behalf of international charities; and
-2-
## **REPORT OF THE TRUSTEES for the Period Ended 31 December 2021 (continued)**
(5) Continued active dialogue with Bishops and Archbishops of the Anglican and Roman Catholic Churches who support the ecumenical objectives of the Foundation.
## FINANCIAL REVIEW
Due to the coronavirus epidemic and continued delays in the application process, the Foundation was not able to open a bank account during the 2020 financial year through which to conduct its financial operations. For this reason, the Foundation did not receive any donations or make any grants during the financial year under review. However in May 2021 the Dean & Chapter of Westminster Abbey made a very generous donation of £15,000 to the Chapel & York U.K. Foundation, which is earmarked to fund a grant by the Chapel & York U.K. Foundation to the Walking Together Foundation as soon as it opens a current account into which the funds can be received.
The organisation is reliant for income on donations and related gift aid. For the reasons stated above, income for the period was zero and expenses paid were zero. No grants were made in the period under review. During the period under review, the following expenses were paid directly by Trustees:
Chapel & York International £2,400.00 Membership fees, Chapel & York U.S., U.K. and Canadian Foundations Hostgator.com $305.24 Website hosting
## RESERVES POLICY
The current policy of the trustees is to maintain only minimal reserves. This is because commitments will not be made beyond donations received and operating costs are expected to be kept at a low level which should be covered by donations.
## RISK MANAGEMENT
The trustees have examined the strategic, business and operational risks which the charity faces and confirm that systems have been, or will be, established to enable the necessary steps to be taken to lessen these risks.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
The Walking Together Foundation is a UK registered charity and is constituted as a Charitable Incorporated Organisation and therefore governed by its constitution.
## **Walking Together Foundation, Charity No. 1184811 (England & Wales)**
The charity is organised so its Trustees meet at various intervals and exercise responsibility for its governance. In the intervening periods the Chairman deals with routine business.
All Trustees give their time freely and no Trustee remuneration or expenses were paid in the year. In addition, no out of pocket expenses were reimbursed to the Trustees and no Trustee had any beneficial interest in any contract with the charity during the year.
## REFERENCE AND DEMONSTRATIVE INFORMATION
The Foundation’s administrative information is set out on page 1 of these financial statements. The Trustees of the Walking Together Foundation are its trustees for the purposes of Charity Law.
-3-
## **REPORT OF THE TRUSTEES for the Period Ended 31 December 2021 (continued)**
The Trustees and Officers serving during the period under review and since the year end were as follows:
Trustee’s Name Date of Appointment (Resignation) Kenneth Robert White 8 August 2019 Judith-Rose Duchess of Somerset 8 August 2019 Charlotte Emily Wilson White 8 August 2019 Rita Akkari 8 August 2019 David James Hugh Meredith 8 August 2019
The Board has the power to appoint additional Trustees as it considers fit to do so.
Officer’s Name Title Date of Appointment (Resignation) Kenneth Robert White Chairman 8 October 2019 Rita Akkari Treasurer 8 October 2019 Charlotte Emily Wilson Co-Secretaries 8 October 2019 White and David James Hugh Meredith
## TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Walking Together Foundation Trustees are responsible for preparing the Trustees’ Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom accepted Accounting Practice).
The law requires the trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing the financial statements, the trustees are required to:
**Walking Together Foundation, Charity No. 1184811 (England & Wales)**
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable Accounting Standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Foundation will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report was approved by the Board on 30 October 2022 and signed on their behalf by:
Kenneth Robert White, Chairman
-4-
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 December 2021**
## SUMMARY INCOME & EXPENDITURE ACCOUNT
|INCOMING RESOURCES
Donations
Other income
TOTAL INCOMING RESOURCES
EXPENDITURE
Charitable activities
Other
Total
NET INCOME
Total funds brought forward|Notes
3
4
5|Unrestrict
ed
Funds
Current
year £
0
0
0
0
0
0
0|Total
Funds
Curren
t year
£
0
0
0
0
0
0
0|Total
Funds
Previo|Total|
|---|---|---|---|---|---|
||||||us
Year
£
0
0
0
0
0
0
0|
## **Walking Together Foundation, Charity No. 1184811 (England & Wales)**
|Beginning of accounting period|0||0||0|
|---|---|---|---|---|---|
|**BALANCE SHEET FOR THE PERIOD ENDED**|**31 December**|**2021**||||
|Total funds carried forward|0||0||0|
|End of accounting period|Current|Previous||||
||Year|Year||||
||**£**||£|||
|CURRENT ASSETS|0||0|The||
|Cash at bank and in hand|0||0|||
|Debtors|0||0|||
|NET CURRENT ASSETS|0||0|||
|CREDITORS|0||0|||
|Creditors falling due within one year|0||0|||
|TOTAL ASSETS LESS CURRENT LIABILITIES|**0**||**0**|||
|FUNDS|0||0|||
|Unrestricted funds|0||0|||
|TOTAL CHARITY FUNDS|0||0|||
statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 and 8 form part of these financial statements.
-5-
**Walking Together Foundation, Charity No. 1184811 (England & Wales)**
The financial statements were approved by the Board of Trustees and authorised for issue on
30 October 2022 and are signed on its behalf by:
Kenneth Robert White, Chairman
-6-
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 December 2021**
## 1. ACCOUNTING POLICIES
## (a) Basis of Preparation of Financial Statements
These accounts cover the period from 1 January to 31 December 2021.
## **Walking Together Foundation, Charity No. 1184811 (England & Wales)**
The accounts have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The Walking Together Foundation meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## (b) Reconciliation with previous Generally Accepted Accounting Practice
In preparing the accounts the Trustees have considered whether in applying the accounting policies required by FRS102 and the Charities SORP FRS102 a restatement of comparative items was required. No restatements were required.
## (c) Income
Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date.
## (d) Expenditure
Expenditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be reliably measured.
All expenditure is accounted for on an accruals basis. The administration and governance expenditure for the Foundation is paid by the charity.
## 2. LEGAL STATUS OF THE FOUNDATION
The Walking Together Foundation is a charitable incorporated organisation registered with the Charity Commission in England and Wales.
**NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 December 2021 (CONTINUED)**
-7-
**Walking Together Foundation, Charity No. 1184811 (England & Wales)**
||3. DONATIONS AND GIFT
AID
**Current**
**Year**
**£**
**Previous**
**Year**
**£**
Donations
0
0
Gift Aid
0
0
TOTAL DONATIONS & GIFT AID
0
0
4. ANALYSIS OF
EXPENDITURE
ON CHARITABLE
ACTIVITIES
**Current**
**Year**
**£**
**Previous**
**Year**
**£**
Grants
0
0
Bank Charges and other costs
0
0
TOTAL EXPENDITURE
0
0|
|---|---|
The Charity undertakes charitable activities through grant making in support of its charitable objectives.
## 5. TAXATION
As the Charity’s objectives are the advancement of education, the prevention and/or relief of poverty, the advancement of health and/or the saving of lives and other charitable purposes, it is not subject to Corporation Tax.
## 6. RELATED PARTY TRANSACTIONS
None of the Trustees has been paid any remuneration or received any other benefits from an employment with the Charity or related party.
Insofar as the Charity did not have a bank account during the reporting period, the following expenses were paid directly by Kenneth R. White, Chairman and Trustee:
Chapel & York International £2,400.00 Membership fees, Chapel & York U.S., U.K. and Canadian Foundations Hostgator.com $305.24 Website hosting
-8-