Tho Thomas Wall Trust
Charlty Roglslratlon No: 206121
Accounts
forthg yoar anded
31stJuly 2024

The Thomas W￿1 Trust
Reference and Admlnlslralivo Dotails
Trustees:
Ms. J. Tyler
(Chairl
Dr G.M. Copland, C.B.E., M.A, D.Phil., C.Phys.. F.Instp.,
F.R.S.A..
(resigned 11.7.241
Professor J. Baird
Ms. S. Bray
Ms. A. Clark8
Mr. J. Datta
Or. K Hewlett M.B.E.
Mr. J. Levanen
Dr A. Sen Mukherjée
appointed 11.7.2
Ms. T. Nickson, M.A, B.Ed (Honsl
Dr. A. Randhawa
(appointed 11.7.241
Professor L. Unwin
(apwinted 11.7.241
Mr. S. Wollkampmoon
(resigned 23.11.23)
(appointed 11.7.24}
(resigned 10.1.241
(resigned 23.11.23}
Adrninistrator.
Pellipar Services LinNled
Auditorn:
Wenn Townsend,
Chartered Accountsnts,
30 St Giles,,
Bankern:
National Westminster Bank,
91 London Road.
Headington,
Oxford.
Investmont managorn:
CCLA Investment Management Limited,
80 Cheapside,
London.
Reglstered Charlty No:
208121
RegS8torod Offlce:
Skinners, Hall,
8 Dowgate Hill,
Lond￿,
EG4R 2SP.

Tho Thomas Wall T￿￿t
Truslo09' r•port on the accounts
for the yoar ondod 318t July 2024
SINctur•. Gov•mane• and Management
The Thomas Wall Tnjst is govemed under a Scheme of the High Court of Jusb'ce {Chancery Division) dated 15th
D￿rnber 1936 as varied by a Scheme dated 22nd Juty 1991. It is registered in England and Wales as a charity
no 206121. The registered office address is shown on page 1.
Trwt•
Thé Trustees of the Chanty are sh¢)wn on page 1.
lethod of Appolntment of Trusteeg _
At fvll strength there are four Representalve Twstees and five Co-optthe Trustees.
The Representatwe Trustees are nomlnated as follows..
or￿ by the A$sc¢iat￿)n of S¢hool and College Leaders
One by the University of Oxford
One by the University of Cambridge
One by the University of London
Thè Co-optative Trustees on ￿cUrren￿ of a Cfroptative vacancy appoint a person to fill it. In seeking new Co-
oplatwe Trustees. the Board seeks lo ensure a balan￿ of relevant skills in the Board. If the vacancy is not fllled
thin six months. il i8 done so by resolufjon of all Trustees.
New Trustees are briefed on the history and objectNes of the TrusL and Trustees responsibilities and duties in
general. They also attend an induction with *ministrative staff, to gain a fvller understanding of what lies
undemeath the application and assessment pro￿$$.
The Chaiity holds regular vrEetings of the Trustees four times a year, at wh￿h decisions are made on the
general running of the charity and also on grants io charitable institutions. Decisions on grants to individuals a
made throughout the year by Trustees.
The Trustees actively review the major risks which the Charity faces on a regular basis. The Trustees believe
that maintaining the free reserves at the levels stated below, combined with a regular review of the controls over
key financial systems will provide sufficient resources in the event of adverse condition$. The Trustees hav8
also examined other operational and busines5 risks which might arise and confimi that they have established
systems to mitigate the sKJnifi¢anl risks.
Obiectlves and Acllvltlos for tho Public Benefft
Th& objects ofthe Trust, as stated in the S¢heme dated 15th December 1936. are as follo￿...
The incorn ofthe Charty shall be applied atthe sole and unfettered discrelK)n oflhe Trustees in any matterwhi¢h
they shall consider conducive to the encouragement arKJ assistan￿ of educational work and s￿181 service both
amorvJsl the large centres of populalK)n in the City or County of London and elsewhere and, in exe￿IS1n9 such
di$¢rets'on, the Trustees shall have regard to the directions or recommendations following.'-
a) That in the &Jministralion of Ihe Charity it 1$ recommended that the Trustees keep in tou¢h or consult
with the best authorities and the Wt knowledg& on educatK)n and sctial servu.
b) That the Trustees shall take a broad view of the meaning of"edUca￿naF work and scoal servvx", and
the encouragement and assistan￿ th&reof. In parb"cular such encouragenEnt and assistsnce shall not
be confined to SuppO￿ng insbtutions shall indude the aiding of individuals such as F*x>rwidows left
th issue, poor lea¢hers and young persons of promise but lacking the nwns of getting their training
and the establishment and support of scholarships.

The Thoma8 Wall Tru51
Trustees. report on the a¢¢ounts (continued)
for the year ended 31st July 2024
cl That no grant shall be made towards the erection or renovation of buildings or to I￿pita￿, aIrr￿OUSeS
or similar inststutions and that in the administration of the Charity no support shall be given to any polib'cal
paty or to paty propaganda.
d} That none of the objects herein before suggested, which under present socral conditions appear to be
of paramount iMportar￿e, shall be pursued after il has ￿Sed in the opIn￿n of the Trustees lo vital
and pressing in the interests of the community but that the application of the said income shall be
direoted generally to promote and assist the education of the people and improvement of S￿la1
cond((ions and forjhatpvrpose lo assist prooie Institut￿nS whose o
res
ects Comè within the amtil
ofthe trusts aNJ wh￿h are free to adapt theMse￿eS to the ever<hanging ne￿sSI11es ofthe nation.
These objectNes were achieved in the year by the award of grants as detailed below.
The Trustees have complied wlth their duty to have due regard to the guidance on pUt￿lC benefit published by
the Charity Commission in exercising their pjwers and duties.
AGhievements and Perforniancg
The Statement of Financial Activities for the year Is set out on page 8 of the financial statements. A summary of
the financial resulls and the w(¥k of the ¢harty is set out below.
The Grants to Individuals programme remain$ the same, aiming to support motivated adults living in the UK to
undertake education and training that will I￿rease their chances of employment with an increased maximum
grant atTh)unt of £1,500.
The Grants to Registéred Charities prcgrammes focuses on communication skill$ linked to employment
prospects, $elf-Confider￿e, resilience, and life Chances. The programme welcomes proposals which target
people experiencing multiple deprivation or other groups demonstrabty facing major hurdles to employmen(
especially, women, peopte with physical. mental. or leaming disabilities. refugees and asylum seekers.
Between: 1" August 2023 - 31st July 2024:
2 75 Appllcatlons recelved 76
.'i Grants awarded
Between 2023 and 2024. the Grants to Individuals Programme received 275 applications {2023:3421 of which
76 were succe55ful.
The Trust committed
IE60,070, 2023: £68,757) of the annual budget of
Between: 1st August 2023 - 3151 July 2024:
Appllcatlons recefved
"/ Grants awarded
Between 2023 and 2024, the Grants to Registered Charitles Programme received 369 application5 {2023:
5071 of which 22 were 5ucce55ful linc1￿Y1n£ multi qrantsl. The total amount awarded was £105,62412023:
£123,671) {plus £250 to the Thomas Wall Nursery). The original budget was £120,0(XI.
The Trust commltted
J of the annual budget of

The Thomas Wall Trust
Tru8t•88' report the accounts (Con￿nUed1
for the year ended 31st Juty 2024
The charlty Is man8ged by the Trustees and derives its incorn malnty from investments managed by an
indeFendent fund management organisation. The charity received total income of £203,806 (2023.. Q01.287)
in the year and realised gains on investments of £nil (2023.'£nill. In addition. Un￿lis¢d galns ¢)n inveslments
amounted to £373.020 {2023'. £114,08110ss).
Govemance
Pellipar Services Limited (the operating arn ofThe Skinners, Company) has administered the charity since
1st January 2010.
Flnanclal Revlew
The reserves of this Trust should be consldered to b8 the net assets on the Incom Fund after the deduction of
spending commitments alreaty entered into.
The Trust needs reserves for ￿ reasons:
al to cover fluctuations in cash-flow during each year. This is caused by Income arriving in regular quarterly
irv6talrnents whereas expenditure is concentrated into the three au￿rnn months and July.,
bl to cover any unplanned large expenditure. such as professional fees for work involving its investment
properties.
The Trust's income is relatively stable. The bulk of expenditure is on grants and is easiw adjustable from one
year lo another, especially as grants are made for one year at a time. Very few factors affecting expenditure a
outside the Trust's C£￿trol.
The TTU5tees have deS￿nated the capilal ele￿nt of the r88erves a8 non4istributable. The Twst's pollcy is to
hold free reserves. high enough. bjt no higher than is needed, to fund the grants to iT￿1VIdUal students and
cover the fluctuations in cash-fiow during the year. The free resetves are those unrestricted frjnds not
despjnated for specifi¢ purpose5 or otherwise committed. The charity had free reserves of £213,841 {2023:
£220,539} at the year end which the Trustees consider to be Suff￿lent for thls purpose.
Inv•$lm•nt pollcy and T•turn8
The Trusys Ca￿ts1 assets consist of Investments and properties.
The Trusfs investrrent is at leastto preserve the real value ofthe caprtal assets, safeguarding thern against
erosion of value by inflation. while at the sarre time deriving from tt*m the best income that can be obtained
Imlh regard to its othèr investrments, the Tru$l¢es' chosen m8ans to achieve ther poli￿ is to place all those assets
in a Common Investment Fund. spwficalty the ftjnds managed by COIF {CCLA Eihical Investment Fund),
bxause of lis focus on the needs of charibes. In that way risk is spread very much wider than would be posslble
In Ihe T￿￿r$ uwn managed portfolio.
The policy Is monitored by quartwly reports from COIF and an annual di$￿$$￿)n with a COIF repr8s8ntstpie at a
Trustaes, meeting.

The Thoma8 Wall Trust
Trust¢es' r•port on th• accounts {¢ontlnuod)
for th• yoar end￿ 31st July 2024
At the year end. the ch8rty had net assets of £5.844.27912023: £5,493,119) comprising investments on the
8￿k exchange, wopety and bank deposits, as shown on page 9.
Almost all of the charity's assets consist of the capital with wh￿h it was set up. The Trustees intend to retain
this capital element of the fvnd which amounts to £S,630.43812023'. £5.272,5801. The charity's income which
is needed to fvlfil its objectives is derived from the investment of those assets. The charity's investments
In¢￿ased in value during the year by 6.9% (2023: 2% reduction). During the same p8riod, the FfsE 100 index
rryse by 8.68% {2023: 3.80kn1.
Plan8 for Future Perlod8
Plans for-2024125_include ouEannual review4teligibilitw4teria for awards to individuals and charities to ensure
esé continue
o remain wi
In
'￿￿oMaS Triftl's onginafintenlh￿s and also reffect.1￿ Ths of CUr￿n￿. -
ene
50CI
The Trustees are conscious thatthere is continuing deThnd for SUPPOrt from individuals and charities. We want
to use our limited funds to help indwKluals to develop skills, Icufrently communication skills), to enable them lo
overcome ￿rSonal disadvantage and beconE economically active. Similarfy, those charities that the Trust
wishes to suprKJrt should meet defined criieria to support those in need by providing grants for charities with
clear missbons lo knlitate this.
The tru$lees also plan to ensure that govemance arrangements reflect modem day best p￿tice by re-visiting
the Trust's governing d¢j￿jMents. We will also continue our regukr oversight of investment policy IT￿[udIng the
balance of the portfolio.
Fundralslng
The trustees do not undertake signfficant fundraising activities.
Statom•nl of Trust80s' respon81bllltles
The Twstees are responsible for preparing the Trustees, Rewrt and the financial Statements In accordance
with applicable law and United Kingdom Accounting Standards {Unrted Kingdom Generally Accepted
Aco)unting Prxticel.
The law applicable to ¢h8rits5 in England & Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and applicatKsn of resources of the charity for that period. In preparing these financial statements.
the Trustee$ affj required to..
select suitable accounting Polic￿ and then appty them ￿nsIstentIy,'
obseNe the methods and prbnciples in the Charities SORP 2019 {FRS102)-
make judgements and estimates that are reasonable and wudent,
stste whether applicable aGcounts'ng standards have been followed, subject to any matsrial departures
disclosed and explained in the financial $tal&ments',
prepare th8 financial ststements on the going concern basis unless it is inappropriats to presume that
the charity will continue in operation.
The Trustees are responsible for keeping accountlng record$ which disclose with reas(￿able accuracy the
financial position of the charty and enable them to ensure that thefinancial slatebrEnls comply with the Charities
Act 2011, the Chaiity (Accounts Reports) Regulations 2008 and trust deed. They are also responsib￿ for
safeguarding the ass&ts of the charsty and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
Audlto
A resolutlon proposing that Wknn Townsend bo re-appointed as auditors of the charity wlll be put to th•
Trustees, meeting.
This report was approved by the Board on 28 Novembèr 2024.
Ms J Tyler
{Chairl

The Thomas Wall Tnmt
Ind•pendent Auditor's Report to the Truste•9 of Th• Thomas Wall Trust
Op5nlon
We have audited the finatKSal statement$ of The Th¢)m8$ Wall Trust Ithe'charitll for the year ended 31st July 2024 vthlth
ojmprise Ihe Statement of Finana81 ACtV￿"•s, thè B8lan¢e Sheet, and the notes to the ￿an￿al statemènts. including a
Summary of significanl accounting policie$. Th& financi81 ￿pOlting framewowk that has been applied in their prep8ratK)n Is
applicable law and Unitad Kingdom Ac¢ounliAg Stsndard5, ir￿lUding FinancAal Reporting Standard f02 The Fin8n¢i81
Repothng Stsndalllappl￿b18 In th8 UKandRepublic oflTrland(United Kingdom GenerallyAcceptedAitounting Prathce}.
In our opinion Ihe finanaal statements..
gNe a twe and fair view of the stats of th• d)aritls 8ff8irs as al 3151 Juty 2024, and of tts incoming r8source$ and
applubon of resources, for the year then ended..
have been prO￿rIY prepared in aC￿rdance with United K#igdom Generally A￿pI&l Accounting Practice; and
have been prepar8d in ac£ord8n¢e wilh thg requirements of the Charities Act 2011.
&isls for oplnlon
We condLKted our audit in accordan￿ ￿th Intemstional Stsnd8rds on Aud￿ng (UK) IISAS {UK)} and applicable law. Our
responsibililies under those standards are further dtrscribed in the Authtorfs responsi￿l￿eS for the audit of the finanryal
statements sectMJn of our raport. Wè arè independent of the charity in accordance with the ethical requirements that ar¢
relevant to our audit of the finan(ial sl8lements in the UK, including the FRC'S Ethical StaThJard. and we have fU￿1116d our
other ethical responsibilili8s in a¢¢ordan¢e with these requiremerts. We believe that the audll eVIde￿e we have obtained
is suffiaent and appropriate lo provKle 8 basis for our opinion.
Concluslons relA￿ng to golng eonetm
In auditing the finanoal statemants, wè have ￿nClude(l that the trustees. use of the g￿n9 concem b9818 of 8¢countlng In
Ihe preparation of th• financial statements 18 appropriate.
Based on the wotk w& hav& perforrned, we have not idenlified any material un¢ertalnlies relatlng to events or ￿ndItIOnS
that, individualty or cowedvdy, may ca818lgnDl¢￿l doubt on the Chari￿s abilty to continuè 8s a going Concern for a pewiTr
of at18asl hvelvo months frc*n when the financial stalements are aLthorised for issuo.
Our resp)nsibilrfi8s and the rg8ponsibililh8s of the I￿￿tee6 with respect to uw)iry concem are d¢su(bed in the relevant
Sectio￿ of this report.
Oth•r Inforniallon
The other information comprises the Infomatm induded in the trustees. artnual report. other than the finanri81 $lalements
and our audiiorfs report thereon. Thg trustees are responsi￿e for the other infomiation contained withln the annual ￿pOrt.
Our opinion on the finanual ststemènts doès not Cover the other informatKJn and. except lo tha 8xt8nt otherwise explirit
stated in our report. W9 do not exwess 8ny fom) of assurance ojndusion thereon.
Our responsibility is to re&J the other Infom18bon and. in ¢bing so, consider whether the other infomiation Is matérial
inconsislenl wilh the financial statement$ or our knO￿edge obtained in the audit or otheM$g appears lo be m8tèrial
misstated. If we identtfy such m8leri81 in¢on$lstenuè$ or apparent material misstatements, ￿ arè r8quirnd lo dètemine
whether Ihis ￿Ve$ rise to a malerS0l misstslement in the financial statements themse￿eS. If. b8sad on the WO￿ we h8ve
performed, we condude that there is 8 material misststement of this other infomiation, we are r8quired to report th81 f8¢t.
We have nothing to r￿Ort in this regard.
Matters on whlch wo arn r•qulrgd to report by exceptlon
We have nothing to ￿pOrt in respecl of the following matters in relat[￿ lo which the cha￿e$ (Accr￿nts and Report81
Regulatio￿ 2(K)8 requlre us to report to you if. in our opinion:
the infomiation gNen in the financial 8L*ments is in￿nsISt¥nI In any materlal resrt with the tnJstees' report,. or
the charity has not kept adequate ￿cOUntIng records. or
the financial statements are not in agreement with the aceounting rncords and relums., OT
we h8v• not received all the inf0m￿tIOn and explanath)ns we requ&￿ for our audlt.

The Thomas Wo11 Trust
Independ¢nt Auditoi's Roport {contlnuedl
to the Tn￿tee$ of Th• Thomas Wall Trust
Responslbllltles ol Tntst
A8 exp18ined more fully in the trustees, responsibilitiè$ Slatsment sel out on page 5, the tr[￿teeS are reSp(￿sIble for the
prgparation of the finanrjal statements and for being satisfied that they give a true and fairview, ankl for 8uch irrtemal control
as thè trustètr$ determine is necessary to enab￿ th• pr4aration of finanrAal ststsments tho1 free from rnate￿I
miss18lemenl, whether due to fraud or error.
In preparing the ffin8rKlal ststements, the tnjstees are responsibla for a88essing the charity's ability to ¢onlinue as a g￿ng
concem, discbsing. 8$ appl￿blo, matters related to going concam and using the going concern basis of accounting unléss
the trustees aithèr inland to liquidate the charty or to cease op8rations, or have realistic altèmalrvo but to do so.
Audltorfs rnsponslbilitias forthe audit of the financSal ststoments
We hTrave en appointed as ¥udit¢x urmler wAion 145 of the Charities Act 2011 and report in accordance wThli rngulalions
made under section 154 of th* A¢t.
Our objectN¢$ are lo obtsin reasonable assurance about whether the fin8nd81 stat￿nents a8 a bthobe are freefrom malert
misstatement. whether du8 to fraud or eiror, and to issue an audilorfs rew)rt that indudes our opinion. Rgasonable
assuran￿ is a high Iwal of 8S8ur8nce, LKrt 18 not a guarantee that an audil wirtu¢ted in ac£ordance with ISAS {UK) will
ah¥ays dètect a material Mlsstste￿nt when it exists. Misstatements can 8ri8e from fraud or error 8nd are considered
material if. indNidu8lly or In th& agyreg8te. they could reasonably be 8X￿Cle￿ to influence the economic d¥cision$ of users
taken on the basis of these financial ststements. Irregularit￿S. induding fr8ud, are instances of non-compliance wrth law8
and reguLgtions. We design procédu￿8 In line wlh Ouf responsibililiès. outlined above. lo detect materkal mis$t*ements in
respect of irre9ulariti&s, induding fraud. The specific procedures fr)r this ongagement and the extent to which thèse a
capable of detecling irragulaftti¥$, indudirvJ fraud is detailed b810w'.
Enquiry of management and those Charged with governance arouThJ aclual a￿1 potential I1￿jaIl0n and daims..
Reviewing minutes of mé*b"ng$ of those charged with govemanc•',
Reviewing finanaal stat&m•nt di8ck)sure8 and testing to supporting dr￿mentatiOn to 836ess compliance wth
8pplicable laws and regulations..
Perfoming audit work over the risk of m8nagement override of controls. includirKJ tèsting of joumal entries and
other adjustments for approprial&ness. ev?lu8ting ihe business rationale of signifficont transaC￿onS outside the
nowmal course of busines8 and rev￿Ing a(xounting è8lim81es for bias.
Because of the Inhe￿nI Ilmilations of an audit. there is a risk that wa will [￿1 delect all iTheguLarities, induding those leadirwj
to o material mis$l8lemenl in the financial statements or non-¢0mpliar￿e WTth regu￿tion. This rtsk increasés more that
complkanco wth a law or regulation is rernoved from the 8v8nt$ 8nd transactions rpflected in the finanaal st8t8m8nts, 8s we
will be less likely to become 8W8Te of instances of non-complrdnce. Thè risk is 8180 greater regarding irregularrtias (mirring
due to fraud rath8r thw) orror, as fraud involves intentional o)ncealmenl. forgory, collusion. ombssion ￿ misreprasen181iffi.
A fvrther de$La1p￿On of our responsibilities is available on the FRC'S website 8t.. htt '.Ilwww.frc.or
assurancelauditor-s-res
nsibilities-l r-lhe-audil-of-the-fildesc
tion-of-Ihe-auditortoE2%80Yo99s-res
description forms part of￿[ audilorfs report.
.uklavdilorslaudil-
nsibilities-for.Thls
Use of our report
This report is madg 10 Ih¢ charit￿8 Iru8tees, as a body, in accordance ￿th P8rt 4 of the Charities (Accovnts and
Reports) Regulations 2008. Our audrt work has been undertaken so that we might state to the charity's Irustetrs th9$0
matters we are required to ststa to them in 8n auditorfs report and for no other purpose. To the fvlkst exlent pemitted by
law, we do not accopt or a$$um& responsibility to anyone olher than the ¢harrty 8nd the charity's trustses as a body. for our
audit work, for this report, or for the oplnlons we have formed.
Wonn Town80nd
Chartered Accountants and Statutory Auditor
November 2024
Wenn Townsend is 81igible to act as an audilorin tem7s Ofsel*￿ Y212 of thg Conwan￿$ Act 2006.

Th• Thoma8 Wall TnBt
Slaiement of Flnan¢hl A¢tivities
forthe year end￿ 31st July 2024
Unrnslri¢t6d Designatgd
G&noral
Capital
2024
Total
20rJ
Totsl
Income from:
Donatrons
InVest￿nts
Properties
1,150
1,150
131,959
70,697
1,320
129.272
70,695
131,959
70,697
202,6&8--
145W 203,80W201,287
Expendlture on:
Chartsble actwities
1225,6661
1225.666) (257,2891
Tolal oxpenditurn
1225.666}
1225,666) (257,2891
Realised gains on investmenl assets
un￿alised profftl{loss) on revaluation of
investment assets
16,312
356.708
373.020
1114,081)
Not surplu81(•xpenditurel
{6,6981
357,858
351.160
1170,083)
Fund balance brought foThvard
220,539
5,272,580
5,493,119 5,663,202
Fund balan¢• ¢arri•d forward
213,841
5,630A38 5,844,279 5A93,119
All of the above results are derNed from continuing activities.
All gains and losses recognised in the year are i￿luded above.

The Thomas Wall Trust
Balance she&t
At 31gtJuly 2024
2024
2023
Fixed assets
Investments
Investment properties
4,569.959
1.213,900
4.196,939
1.213.900
5,783,859
5.410,839
Currenl 4s90ts
Debtors
Cash at bank and in hand
55.546
23,774
56.356
51,989
10
79,320
108,345
Credltors: Amounts falling due
thin one year
11
118,900)
126,C65}
Net current a88eis
60,420
82,280
DebtLYs due after more than one year
Not assets
5,844,279
5.493.119
unres￿led funds - general
- designated capital
13
13
213,841
5,630,438
220.539
5,272,580
Total funds
5,844,279
5,493,119
These accounts were approved by the Trustees on 28 November 2024.
Signed on tehalf of the Trustees
Chair
The notes on pages 10- 15 fomi part of the financial state￿nts.

The Thomas Wall Tru8t
Notes to the accounts for lh• y•ar ondod 31$t Juty 2024
Summary of slgnlficant aecounting policles
General Infomiatlon and bosls of pr•parntion
The Thomas Wall Trust is a charitable tnjst in the United Kingdom. The athjress of the registered offi¢e 1$ given In the
d)arity informats'on on page 1 of thes8 finanLial slalements. The nature of the Charit￿s operatiorts and priwpgl advtties
are detailed in the Trustees, Rewjrt.
Thè ¢haiity constth a public beneffit e￿ty as d8fin8d by FRS 102. The ffinanckql statements have b￿n weparod in
accordance with Accounting Reporting by Charihes.. Statamènt of Reu)mmended Pradice applicable to charitth prepariNJ
their 8¢¢ounts in accordance with the Finanaal Rèrxxling Stsndard applicable in the UK and Republic of Ireland iSSLred In
October 2019, Ihe Finanaal Reporting Standard applicable in the United Kingdom and Republ￿ of Ireland (FRS 1021. the
Charities Ac* 2011, arKI UK Generally Accepted ACcOL￿ting Pr8cti¢o.
The ffinancial statements are prepared ￿ a going concern basis under the historical cost convention nY)dthed to include
certain item8 at fair value. The finarrial stat8mants are prepared in 31erfing which is the functional and presentstional
rrency of the charity. Monelary amounts In th8sè fin8nu81 ststements are rounded to the nearest pound slerllng.
The significant aco)unting poI￿leS Applied in the preparalion of these finanaal statements are set oul below. Th¢$0 polityes
have been cKnsistently appliad to all yoars prtrwitgd unle&8 otherwise stated.
b}
Fund accountlng
The Charity's total ftjnds (Y)n￿StOla general whith the Trustees may use, forthe fvtherance ofthe objeds oflhe Charity,
atth￿rdi8￿9Ion. Designated fvnds￿e unrestrict&J fLmdsvthich have Wn set a*de bytheTrustees ts a Par￿JIar purpose.
In¢omg recognltlon
All incoming r&sources are induded in the Statemerrt of Financial Athities ISOFA) when the ch81ity is ￿9#llY entitl￿ lo the
income after any perfomwtKe condi1Son$ h8ve been met. the amount can be measured rdiabty and it is probable that the
income will be recaved.
For donations to be reccgni5ed the chanty will have t*en notrfied ofthe amounts and the Sett￿ment date In wrlting. If there
are o)nditions attached to th8 donation and this requires a level of perfomiance before entitlement Can be obtsined then
income 15 deferred unthl those conditions a￿ fully met or the fvlfilment of those conditsons Is Wtthin the u>ntrd of thÈ tharity
and it is Woba￿e that they ￿11 be lulfillod.
Investment incoTh is sam￿ thr￿gh holding 8s8el8 for investment pU￿oseS such as shares and propety. It indudo8
dividend3, interest and rent. Vthere it is not practicable to rdenlTfy investment managem•nt costs incurréd ￿thin a s¢hen
th reasonable a￿racI the investment incomè is rgported nel of these o)sls. It is induded when the amount can be
measured reliabty. Inlerest income is recognised ￿n9 the effethve interest method and divid8nd and r•nl in￿m? Is
recogni5ed as the charii*s light to r￿1ve p8ymenl is o3labli3hed.
dl Expondltur• r•¢ognition
All expenditure is accountedfor on an a¢cwal$ ba$S8 and has been ¢lassrfBd under headings that aggregatè all costs r&Lqt8d
to the category. Expenditure 1$ re￿gnIsed where Ihere is 8 legal or co￿truct￿e oblvJation to mako paym8ntstothlrd pa￿e8,
Tt is probable that the settlement will be requir8d arKI the amount of the Obligatic￿ can be measLFr8d reliabty.
Irrecoverable VAT is charged as an expense against the aciwity for which exp8ndlturg arose.
Granis payat48 to third parties ¥re the charitable objedives. Mtherg uncoThJWlono1 grants are offered, this is accrued
as soon 85 the reclpienl 18 noliffed of the grant, as Ihis gives rise to a rèasonablè exp8¢t8tion that the reupient wil feceive
the grants. ￿ere grants are conditional relating lo performan￿ thfrn the 9ranl is onty accrued when any unfijlfilled
condiknons are outsklè ofthè ￿fitrol of the charty.
Support costs allocatlon
Supportcosts are thos6 that 8SSi81 the work of the charity but do not directy representd)8ri18ble 3¢tNiliesand indude offi
o)sts and govemance costs. They 8re incurred directty in supp)rt of expendiiure on tho 0￿e<l5 of the chanty and include
Fffoject managem*rt. The 8naly8i8 of these costs is induded in note 4.
Fixed assot inveslments
The ChariV$ inveslments aTrJ investment properties a￿ inclL#Jed in the ￿)Unts al market value at the year end. Gains or
bsses avising on revaluation are recognised in the Statement of Fina￿181 A(knbes 88 urKealised gains or losses. Gains or
10ssg8 aiiwng on disposal are recvJnised in the Statemen¢ of Flnanoal Acthmles a$ realised gains or b&88s.
10-

Tho Thomas Wall Trust
Not•s to the accounts (¢ontinuodl forthg year WKlod 318t Juty 2024
g)
Golng ¢on¢•m
The financial stat&m&nt$ hav& been prepared on a going concsm b¥$is as Ihe trustees believe that no m8teiial uncertainti85
exist. The trustees havè eonsKl&red the level offunds held and tho &xpecled level ofincome an<1 ex￿￿d1ture for 12 monlhs
from authorising tha￿ finan<i81 stalemenls. The budgeted income and expendrture is sufriaentwith thè lèvel of reservesfor
the tharity to be able to continu& as a going concem.
h)
Key Judg8m•nts and sour¢o¥ of ￿tImatiOn uncortalnty
preparation of finanaal statements requFre$ managemènt to make esth'mates. judgèmènts and a58umptions that aff8¢t
r•port¢d income, expenses. assets and liabilities. Howevar, nature of estimation means that 8¢tu81 outcomes could difler
Irom those estimate$. Thtrvaluation ofthe investment properties may h8ve a signfficant risk ofcausiftg a material adjustment
to the carrying amounts of a$s¢18 8nd liabilities within the next raportirKJ period. As at 31st Juty 2024, tho carrying amount
of the investsnent pmpèrtses w88 £1,213,￿O12￿23. £1,213,w)i.
Donation8 and legacl8S
Included in donations are the following induding gift ald receNed in the year..
2023
Sundry donat•)ns
1,150
1.320
Investment Income
Interest receNable
Dividends receivable from investments and unit trusts
2,490
129,469
1,874
127,398
131.959
129,272
Charitable actlvltles
Grants made in the year- lo individuals
- lo tharitable organisations
51,688
105,874
68,685
123,788
2,1CiI
3,030
54,125
1,904
322
3.335
Legal fees
Audit
Management fees
Office costs induding meetings. travel & training
Bank charges
Websile
3,210
58,628
2.415
321
3.530
225,666
257.289
Included within Grants made in the ear are
African Women Im
Ct UK CIO
Bramber Bakehouse
Creative S arkworks
Dances
ndrome
EFA Lonobn
Fool
nts Conductive Education Centr
Forth Valle Wdcome
Healin for the Heart
Iranian Liver
ol Commun.
Lumina Limited
Middlesex Association For The Blind
ments to the follown or
nisations..
Neurodivers
UK
New Ho e Global
One to One Enfield
ions in
Peo
le Matter
Proud and Loud Arts
Sateda
Stren th & Stem Ltd
SLJnrise Diver3
TEMCA Rainbow Haven
Thoma$ Wall Nurse
s,oc
5,0
5,0
4,224
5.orxi
4,2CIJ
5,OC¥)
5,OCM)
S.OOJ
5.0(X)
s,o(NJ
5.0(M)
5,OC4J
5,OC
5,0(X)
2￿)
All ofthe above reapients re¢eW one grant pay￿￿nt during the year.
11

The Thomas Wall Trust
Nots8 to tho accounts {contInu￿)
forthe year endgd 31si July 2024
Trustees. and key managomont p&r&onnol romuneration and expon50S
The Trustees neither received nor wawed any remuneration during the year {2023'. £Nil).
The total amount of employee benèfrts received by key management personnel is £Nil {2023.' £Nill. The
Trust has no employees.
Thè Trustees received £554 in expenses reimbursed during the yoar12023'. £229).
Audllorfs ramunèration
Unrè8trieted Funds
2024
2023
Auditorfs remuneration including VAT..
Cufr8nl year
3,210
3,030
Slaff costs
No individuals are employed by the Trust12023.- none).
12-

The Thomas Wall Trust
Notes to the accounts Icontlnued)
for the year ended 31st Juty 2024
Flxed 488Ot investrnents
2024
2023
COIF:
Market value at 1st August 2023
Disposal proceed$
Purchases
Realised gains on disposal
Unrealised profitllkjssl in year
4,196,939
4,311,020
373,020
1114.081}
Mathet value at 31st JU￿ 2024
4,569,959
4,196,939
Invostment properties:
55 High Stwl, Staines
Market value at 1st August 2022
Movement in valuakn'on
1,200,OC
1,200,0
Market value at 31st Juty 2023
1.200,OCIJ
1,2CrfJ,000
28 Outram Street, Sutton in Ashfield
Market value at 1st August 2022
Movement in valuation in the ye
I3,￿0
13,900
Market valu8 al 31st Juty 2023
13,900
13,900
Tolal investment propertie5
1.213.900
1,213,900
a) The historic cost of the COIF investments at 31s1 Juty 2024 was £3.408.965 (2023.. £3.408,965). The
increase in marketvalue during the period was 8.8%12023.' 2.60A decrease). During Ihe same period,
the FTSE 100 index rose by 8.68%12023.' 3.8%).
b) The market value of COIF investments held within and outside the UK, using asset allocation as at
30th June 2024 was..
2024
2023
Inside the UK
Outside the UK
1,599,486
2,970,473
1,508,800
2,688,139
4,569,959
4,196,939
c) No indivhlual shares wrthin the COIF Charities Ethical Fund repres6nted more than 5% of the
portfolio.
dl The propeity at 55 High Street, Staines was valued by the Trustees following advice from Nicholas
Shepherd. Esq (the surveyor who negotiated the current ￿SeY in Apnl 2017 at £1,200,000 (cost..
£553,104)
Th& propety at 2a Outram StreeL Sutton In Ashfield was valued by DavpJ Blount. Chartered
Surveyors. on 23rd July 2013 at £13,900 {costr £15,483).
Both properties were valued with regard to the existing lease terms.
13-

Th• Thomas Wall Trust
Notss to the accounts l¢ontlnuod
for the year ended 31st Juty 2024
Debtors
2024
2023
Accrued incom&
Prepayments
other debtors
42,404
13,112
30
41,369
12.494
2,493
55,546
56,356
10 Cash at bank and In hand
2024
2023
Bank current account
COIF deposit account
14,801
8,973
23,939
28,050
23.774
51,989
11 Craditors
2024
2023
Sundry Credilors
Accruals
Rent recelved in advance
5,027
3,210
10,663
12,370
3,030
10,665
18,900
26,065
12 Flnanclal Mmmitments
At 31st July 2024, the Trustees had approved no conditional grants for the 2024125 academic year (2023:
£nill. Al nonryconditional grants have been accrued in these accounts £4.979 (2023 £12,3701.
13 Reservo•
Deslgnated capltal fund
This fund represents money set aside to generate income in order to carry OLrt the charitable activities of
the Trust 11 represents the initial capital with which the Trust was set up. plus donations received since
that date.
2024
2023
Balance brought forward 1st Augusl 2023
Donations re￿iVed
Realised profit on sale of investments
Change in market value of investments
5,272,580
1,150
5.380.352
1.320
356,708
(109,0921
Balance carried fonvard 31st July 2024
5,630,438
5.272.580
Gonernl fund
This fund represents money not set aside for a particular purpose.
Balance brought fo￿ard 1st August 2023
(Deficit) for the year
Realised profit on sale of investments
Change in mafket value of investments
220,539
123,010)
282,850
(57,322)
16.312
(4,989)
Balance carried forward 31st Juty 2024
213.841
220,539
14-

Tho Thomas Wall Trust
Notes to the accounts l¢ontlnued)
forthe yoar ondod 31st July 2024
14.
Statement of Financlal Actlvilies for 2023
Unrestrlcted Dosignated
General
Capital
2023
Totsl
Incomo from:
1.32￿ 1,32
129,272
70.695
Invest￿Ents
Properbes
129.272
70,695
Total income
199,967
1,320
201,287
Exponditurn on:
Chartsble athths
{257.289}
{257.2891
Total oxp•nditur•
(257,2891
(257.2891
Realised gains on investment assets
un￿alISed gain on revaluatson of
investnEnt assets
(4.989) (109,0921 {114,0811
Net laxpendliureylncome
(62,311) 1107.7721 (170,0831
Fund balance brought foThvard
282,850
5,380,352
5,663,202
Fund balance carrled forward
220,539
5272.580
5,493.119
15. Relatsd party transacllon$
During the year a total of £nil was received from Trustses as donations12023'. £1001.
15-

The Thoma8 Wall Trust
Income and •xpendlturo account
for th• yoar ended 31st July 2024
2024
2023
Income
Dividends 8nd interest on investr£nts
Deposit interest
129,469
2,490
127,398
1,874
131,959
129,272
Rents r￿1vab￿.. 55 High Street, Staines
2a Outram Street,
Sutton in Ashfield
7,000
70,000
697
695
70,697
1,150
70,695
1,320
Donations receNed
Total Incomo
203,806
201.287
Deduct: expendlturo
Professlonal fee•
Audit
Managemenl fee
Investment property costs
3,210
58.628
3,030
54,125
61,838
57,155
G•n•ral
Postage, stationery, printing & telephone
Sub$¢riptions
Travelling and meets.ng expenses
Website ¢osts
Legal
Bank charges
Sundry expenses
304
330
1,781
3,530
254
300
1,350
3.335
2.100
322
321
6,266
7,861
Grants
To indNidual students
Digital Skills Programme
To organisalions
51,688
68,685
105,874
123,788
157,562
192,473
Total expendlture
{225,666)
{257,289)
Not (def*it) for the year
121,860)
(56,002}
This page does not part ofthe statutory a¢￿unts.

The Thomas Wall Trust
Capilal fund - Bolan¢o 8h•et
At 31st Juty 2024
2024
2023
Capltal fund
Balance at 1st August 2023
5,272,580
5,380,352
Donations received
1.150
Realised and unrealised {los8esygains on investments 356,708
1,320
1109,092)
.-J51,858
107,7.72 _
Balance at 3151 Juty 2024
5,630,438
5,272,580
Repre80ntod by:
Investment properties at market value
1.213.900
1.213,900
Quoted investments at market value
4.370,11 S
4.013.407
Net current assets
46,423
45.273
Net assets on capltal fund
5,630,438
5,272,580
This page does not form part of the ststutory accounts.

The Thomas Wall Trust
Income fund - Balance sheot
At 31st July 2024
2024
2023
Incomè fund
Accumulated surplus at 1st August 2023
{Deficitl for the year
Realised and unrealised gainlllossl on inv8Stm8nts
220.539
{23,010)
16,312
282,850
(57,322}
14.989}
coutnulated surplusAt2tslJuW2024
213,841
220.539
Represonl•d by:
Investments
199,844
183,532
Debtor8
- Prepayments and accrued income
32,897
56,356
Cash and bank
Bank current and COIF deposit account
6,716
Croditors
Sundry Creditors
Accruals
Rent receNed in advance
5.027
3,210
10,663
12.370
3,030
10.665
(18.900)
(26,065)
Nèt a88ets on Income fund
213,841
220.539
This page does not form part of the statutory accounts.

The Thomas Wall Trust
Reconclllatlon of not ass•ts
At 31st Juty 2024
2024
2023
Net assets on capital fund (see page B)
5.630.438
5,272.580
Net assets onJooDP fUn￿(s£e.p8ge C
Total net a880ts1880 page 81
5,844,279
5,493,119
This page does not form part of the ststutory a¢￿unts.