The Thomas Wall Tru51 Charlty Registration No: 206121 Accounts forthe year ended 315t July 2025
The Thomas Wall Trust Reference and Administrative Details Trustses: Ms. J. Tyler Profess(x J. Baird Ms. A. Clarke Mr. J. Levanen Dr A. Sen Mukherjee Ms. T. Nickson, M.A., B.Ed {Honsl Dr. A. Randhawa Professor L. Unwin Mr. S. Wollkamp-moon {Chair} (Dec'd December 2024} Administrator.. Pellipar Servres Limited Auditots- Wenn Townsend. Chartered Aecountants, 30 Sl Giles., Oxford. Bankern: National Westminster Bank. 91 London Road. Headinglon, Oxford. Investment managers: CCL4 Investment Management knmf(ed, 80 Cheap5ide, LorKlon. Reglstered Charity No: 206121 Registered Office: Skinners, Hall, 8 Dowgale Hill, London. EC4R 2SP.
The Thomas Wall Trust Trust88s' report on the accounts for the year ended 31st July 2025 Structure, Govemanee and Management The Thomas Wall Trust is governed under a Scheme of the High Court of Justice (Chancery Division) dated 15th December 1936 as varied by a Scheme dated 22nd Juty 1991. 11 is registered in England and Wales as a charty no 206121. The registered office address is shown on page 1. Trustges The Trustees of the Charty are shown on page 1. Method of Appointmgnt of Trustees At full strength Ihgre are four RepresenLg1ive Trustees and five Co-OPtalNe Trustees. The Represenlalive Trustees are nominated as follows. One by the Association of School and CoHege Leaders One by the Univwsity of Oxford One by the University of Cambridge One by the University of London The Co-optative TTuslees on occurrence of a Co-oplative vacancy appoint a person to fill it. In seeking new C optslive Trustees, the Board seeks to ensure a balance of relevant skills in the Board. If the vacancy TS not filled wi(hin Six months, f( is done so by resolL¢tion of all Trustees. New Trustees are briefed on the history and objeclNes of the Trust, and Trustees, responsibilities and duties in general. They also attend an induction wi(h adminislratThie staff and the Chair. lo gain a fuller UndetandIng of what lies underneath the appIallon and assessment process. The Charity hokjs regular meetings of the Trustees four limes a year, al which deelslons are made on the general running of the charity and on grants to charitable inslilulions. Decish)ns on grants to individuals are made throughout the year. The Trustees actively review the major risks which the Charty faces on a regular basis. The Trustees believe that maintaining the free reseNes at the levels Stated below. combined with a regular review of the eonlrols over key financial systems will piovide sufficient resources in the event of adverse condiltons. The Trustees have also examined other operational and business risks which might arise and confirm that Ihey have established systems lo miligale the significant risks. Objectlves and Activities for the Publlc Beneflt The objects of the Trust. a5 Stated in the Scheme dated 15th December 1936, are as follows'.- The income oflhe Charity shall be applied al the sole and unfettered discretion oflhe Trustees in any matter which they shall consider conducive lo the encouragement and assEStan of educational work and Kial seNice both amongst the large centres of population in the City or County of London and elsewhere and, in exweiging such discretion, the Trustees shall have regard to the directions or recommendatic$ following.'- al That in the adminislralion of the Charty rt is recommended that the Trustees keep in touch or con5uY( wlth the best authoribes and the latest knowledge on education and social service. b) That the Trustees shall lake a broad view of the meaning of 'educalional work and social service" and the encouragement and assistance thereof. In particular such encouragement and assistance shall not be confined to supporting institutions bul shall include the aiding of individuals such as poor widows with issue, poor teachers and young persons of promise but lacking the means of getting their training and the establishment and support of scholarships.
The Thoma$ Wall Trust Trustee5' report on the a¢¢ounts l¢ontinued) for the year ended 31st July 2025 c) That no grant shall be made toward5 the ewlion or renovation of buildings or lo hospitals, almshouses or similar in51itulions and that in the adminislralion of the Charity no support shall be given to any polrti¢al Party orto paty propaganda. dl That none of the objects herein before suggested. which under present Sla1 colI110nS appear to be of paramount importance, shall be pursued after il has ceased in the opinion of the Trustees to be vil81 and pressing in the interests of the community bul that the application of the said income shall be direcled generalty lo promote and assist the education of the people and Improvement of srxial conditions and for that purpose to assist progressive institutions whose objects come wf(hin the ambr( of the trusts and which are free lo adapt themselves to the ever-changing necessities ofthe nation. These objectives were achigved in the year by the award of grants as detsiled below. The Trustees have complied with their duty lo have due regard lo the guidance on publ benefft published by the Charity Commission in exercising their powers and duties. Achievements and Performance The Statement of Financial Activities for the year is set ujt on page 8 of the financial stalemenls. A summary of the financial resu115 and the work of the charity is sel out below. The Grants to Individuals programme femains the same, aiming to support mtivaled adUS INing in the UK to undertake eilucation and training that will increase their chances of employment with a maximum grant of £1.500. The Grants lo Registered Charities programrnes focuses on communication skills linked lo employment prospects, self<onfidencg, r¢silience, and life chances. The prcgramme welcomes proposals which target people experiencing multiple deprNalion or other groups demonstrably facing major hurdles to employment, especially, women, people with physical, mental, or learning disabilities, refugees and asylum s*kers. Between 1st August 2024 and 3131 July 2025, the Grants lo Individuals Programme received 120 applications and awarded 26 grants. The Trust committed £33.111, 510h of the annual budget of £65,000 for Individual Grants. 123124.. 275 applications received, 76 awarded, lolal award £80,070). The Indwidual Grants Programme was closed between February and June 2025 and reopened in July. The Grants lo Registered Charities programme received 350 applications and awarded 23 grants, including multi-year grants. The Trust committed £114,gS6, 100Vo of the annual budget of £115,000 for Grants to Registered Charilies.123124', 369 appli¢alM)ns received. 22 awarded, total awarded £105,624}.
The Thomas Wall Trust Tru$tegs' report on the accounts Icontlnued) for the year ended 31st July 2025 The charity is managed by the Trusloes and derives its income mainly from investments managed by an independent fund management organisatHJn. The charity received total income of £211.33412024'. £203,806} In the year and realised gains on investments of £nil12024'.£nil}. In addition, unrealised loss on investments amounted lo £92.478 {2024.. £373,020 gain}. Governance Pellipar Servi¢es Limited Ilhe operating aryn of Thg Skinners, Company) has administered the charity since 1st January 2010. Flnancial Revlew Reserves The reserves of this Twsl should be considered lo be the net assets on the Income Fund after Ihe deduction of spending commitments aladY entered into. The Trust needs reserves for two reasons". a} to cover fluclualions in cash-flow during each ygar. This is caused by income arriving in regular quarterly inslalmenls whereas expendiluTe is concentrated into the three autumn months and July-, b) to cover any unplanned large expenditure, such as professional fees e.g. for work Invo1ng ils investment properties. The Trust's income is relatively $18ble. The bulk of expenditure is on grants and is easity adjustable frorn one year to another, especial as the majority of grants are made for one year al a time. Very few factors affecting expenditure are outside the Trust's control. The Trustees have designated the capital element of the reserves as non-dislributable. The Trust's policy is to hold free reserves, high enough, bul no higher than is needed, to fund the grants and cover the fluclualions in cash-flow during the year. The free reserves are those unreslricled funds not designated for specific purposes or otherwise committed. The ¢harily had free resetves of £209,578 (2024.. £213,841) at the year-end which the Trustees consKler to be sufficient for this purpose. Investmant policy and rgturns The Twsl's capital assets consist of investrnenls and two propertie5. The Trusl's Investnnt policy is al least to preserve the real value of the caprtal assets, as far as possible safeguarding them against erosion of value by inflation. while atlhe same time deriving from them the best income that can be obtained safety. wrth regard to ts i)ther investsnenls, the Trustees. chosen means to achieve their policy is to place all those assets in a Common Investment Fund, specifically the funds managed by COIF ICCLA Ethical Investment Fund}. because of ts focus on the needs of charf(ies. In that way risk is spread very much der than would be possible in the Trust's managed portfolio. The policy is monitored by quarteTty reports from COIF and an annual discus$KJn wf(h a COIF representalThie al a Trustees. meeting.
The Thomas Wall Trust Trustees, report on the accounts Icontinuedl for the year ended 31st July 2025 At the year end, the charty had net assets of £5,751,732 {2023.' £5,844,279) comprising investments on the stock exchange, property and bank deposits. as shown on page 9. Almost all of the charity's assets consist of the capital wi(h which it wa5 sel up. The Trustees intend lo retain this capital element of the fund whi¢h amounts to £5,542.15412024.. £5,630,438>. The charity's income which is needed lo fulfil its objectives is derived from the investment of those assets. The charity's investments decreased in value during the yeaf by 1.60A {2024' 6.90/0 increase). During the same period, the FTSE 100 Index fose by 9Dh12024-. 8.680AI. Plans for Future Periods Plans for 2025126 include our annual review of eligibility criteria for awards to Individuals and charities lo ensure these continue lo remain wrthin Thomas Wall's original intentions and reect the needs of current society. The Trustees are conscious that there is continuing demand for support from individuals and charities. We want to use our limited funds lo maximum effect and are reviewing options that might be able lo increase our impact with a focus on helping individuals lo develop skills, {currently communication 5killsl, to enable them to overcome personal disadvantage and become economically a1Ve. Similarly, those charities that the Trust wishes to support should meet defined criteria to support those in similar need by providing grants for charities with clear missions lo facilitate this. The Iruslees also plan lo ensure that governance arrangements reflect modern day best practice by re-visiting the Trust's governing documents. We will also continue our regular oversight of investment policy including the balance of the portfolio. Fundratsing The trustees do not undertake stgnifseanl fundraising activ((ies. Statement of Trustses. responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (Uniied Kingdom General Accepted Accounting Praclicel. The law applicable lo charities in England & INales requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the Slate of affairs of the charity and of the incoming resources and application of resources of the charily ft)r Ihot period. In preparing these financial statements, the Trustees are required lo.. select suitable accounting policies and then apply them consislenlly-, observe the methods and principles in the Charities SORP 2019 IFRS1021'. make judgements and estimates that are reasonable and prudent.. state whether applicab accounting standards have been followed. Sublt lo any materrdl departures disclosed and explained in the financkql slatemenls; prepare the financial slalernenls on the going concem basis unkss il is inappropriate to presume that the charity will continue in operation. The Trustees are iespjnsible for keeping accounting records which dis¢k)se with reasonable accuracy the financial position of the charity and enable them to ensure Ihatthe financial statements comply with the Charities Act 2011, the Charity (Accounts Reports} Regulations 2008 and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltors A re501ulion proposing that Wenn Townsend be re4ppointed as auditors of the charity will be put lo the Trustees, rneeting. This rekx)rt was approved by the Board on 25 Novembef 2025. Ms J Tyler (Chairl
The Thomas Wall Trust Independent Audltofs Report to the Trustges of Tho Thoma$ Wall Trust Oplnlon We have audrted the )Inancial ststsmenls ofThe Thomas Wall Trust Ilhe'charity'l for the ye8r ended 31st July 2025 whkh cornprise the Slaiernent ol Financial Activities. the Balan Sheet, and the notes to the financial statements. including a summary ol significant accounting policies. The financial rep)rtiro framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standar(15, including Financial Reporting Standard 102 The Fin8ncftal Reporting Sland8rd appliGpble in Ihg UK 8ndR8publiG of Irelandlunited ngdoM GenerallyAccepts¢yAQunyng Practi1. In ouropinion the financial ststements= gwè 8 true and fair &W of th8 statè ol thé eharity's affalrs as at 31st Juty 2025, and of Its Sneomlng resource5 and application of resource5. for the year then ended.. have been properly prepared in accordan with United Kingdom Generalty Accepted Accounting Pracbc9', aThJ have been prepared in accordance wlth th• requirements ol the Charities Act 2011. Basis for opinion We conducted our audit in aordan with Intemational Stsndards on Audits'ng IUKI IISAs IUKII and 8pplicable law. Our re5poNsibilities under those standards are further described in the Auditols sponsibl11t4es for the audit of the financrdl ststsment5 56ction ol our report. We are independent of the charity in accordance with the ethical requirernents that ar8 relevant to our 8udit of the financial statements in the UK, ineluding the FRC'S Ethical Stsndard, and we have fvlfilled our other ethical responsibilitie5 in accoidance wth th858 rèquiramènts. bèlie that thè audit avidence we have obtained is sufficient and appropriate to PTovkle a basis for our opinion. Concluslons relgtlng to golng concern In auditing the financial staternents, we have concluded that the twstees. use of the going concem basis of accounting in the PTeparation ofthe finanlial ststgments ig appropriate. Based on the work we have FErformed, we have not identified any matèrial uneèrtaintiès ralating to events or conditions that. indivhjualty or collectively, may cast significant doubt on the charity's ability to contlnue as a going concern fora pericMY of at least e1ve months from when the financial statements are aulhorrsed for issue. Our respon5ibilitie5 and th8 re5POT15ibilitBs of the trustees with respect t) gowJ concem are described in the relevant section5 of this report. Other Infonnatlon The other informatbn comprises the information dUded in the trustees, annual report. other than the financial statements and our auditorfs report theteon. The trustees are SponSible for the other infomabon contained wiihin the annual rèport Our opinion on th& financial st8tÈments does not cover the other inlomiation and, expt to the extent otherwise explicitly stat&J in our POrt, we do not express any fomi of assurance coKIuSK)ll thereon. Our respollsibility 15 to read the other information and, in doing so. consider whether the other inforrn81ion is materialty inccfflsistent with the financial stst8rnents or our knowlèdge obtained in the audit or otherwise appears to be materialty misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to detemiine whether this gives rise to a materid misstatement in the financial 5tatem8nts thernselvès. If. based on the WOFk we have Ferfomied, conclude that there is a material rnisstaternent ol this other infomialion. we are rbquiiéd to r8POrtthat fact We have nothing to feport in thki regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation lo whKh tha CharitYd$ IAccounts and Reports) Regulations 2008 require us to report to you il, in our opinion.. the nfomialion given in the finan¢i81 Statèmènts is irtLX)sistent In any Materi respect wrth the trustees, report.. or the charity has not kept adequate accounting Tecords.. or the fin8nci81 staternents are not in agreement wrth the accoun*'ng records and return5', or we have not ceiVed all the information and explanations we requi for our aJit.
The Thomas Wall Trust Independent Auditorfs Report Icontinuedl to the Trustees of The Thomas Wall Trust R05ponsibilities of Trnsts•s As explained mor8 fully in the trustees, SpOnsIbl11.0s st8tèmant sèt out on pagè 5, tha trustéès are responsible for the preparation ofthe financial statements and for b8ing sab"sfi&d that they give a tru8 and fairvi8w, and for such internal control OS trustees deternine is necessary to enable the pparatIOn ol financial statements that are fr$$ from malerial misstatemernt, whether due to fraud or er¥or. In preparing the financial statèmènts, trustees are responsible for assessing the charity's ability to continue as a going conM, disclosing, as applirable. matters related to going cOnM and using the going conrn basis of accounting unlèss th& trustees either Intend to liquidate the charity orto cease operats'ons, or have no realistic altemative but to do so. Audltor's re8ponslbllltlès for tho audlt of thg financlal jtatgmgnts We have been appointed as auditor under section 145 of the Charities Act 2011 and report in aOrdanCe wrth raguLab"on5 made under section 154 of that Act. Our objectives ar8 to obtain tsaSOnab assurance about vth8thèrtha financial statamènts as a whole are free from matsdal misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonab assuran is a high level of assuran, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material rnisstatement when it exists. Misstatements can arise from fraud or error and arè considered maierial if, individually or in the ag9gate. they could reasonably be expected to inflLence tha economic decisions ol users taken on th8 basis of these financial 5tat8m8nts. Irr89ularitie5, including fraLvJ, ar8 instanc8s of non-complian with laws and regulations We design pror£dure5 in line with our responsibilities. outlined above. to detect rnaterial misstatements in respect of IfgUraril1e$, including fraL. The specific procedures for this engagement and the extent lo which these are capabl? of detec*"ng irregularitres. including fraud is detailed belovr. Enquiry ol mana9ernent and those charged with governance around actual and potentral litigation and claims., Reviewing minutes ol meets'ngs of those charged with govemance., Revi8wing financial statement discltssutss aNI testing to supporting dmantatiOn to Èsse compliae with applicable law5 and regulab"on5', Perfomiing audit work over the risk of rnanagement override of wntroL8. including testing of joumal entries and tsthér adjustments for apwopriateness, evaluating the business rationale of significant tr8nsactsons outside the norrnal coutsè of business and rèviewing accounting èstimates for bias. Because of the inherent limitstigns of an audiL there is a risk that we will not detect all irregularities, including thc6e leading to a mat6ri81 misst8tement in the financial stAtements or non-complian with regulation. This risk incré85e$ the more that cornplian with o law or ragulation is romovad from thè avants and transactions rèflseiad in th8 financial 5tstements, as we will be less likety to become aware of instances of non-compliance. The risk is also greater regarding irregularities occumrKJ due to fraud rather than error, as traLkY involves intentional concealrnent, lorgery, collusion, omrssion or misrepresentation. A further description of our respon5ibilib'e5 15 available on th8 FRC'S web51t8 at". h 5..IlW.fIc.o sur onsibilili8s-for-Ihe-audit-of-Ih8-fild85cri lion-of-thts-au(5itoWtsE2%80%9 description lom)s part of our audito¢s pOrt. .ukJaLxlitorslaudit- -1 r.Thls U¥e of our report This report is rnad8 solèly tts th8 charity's trwtees, 85 a body, in accordan with Part 4 of tha Chariti&s IAccounts and Reports) Regulat'ons 2008. Our audit work has been undertaken 50 that we fflight stat8 to the charity's trustees those matters we are required 10 state to them in an audilorfs report and for no other purpose. To the tullest extent permitted by law, wa do not ac¢apt or assume responsibility to anyone other than the charity and the charity's trusteès 0$ a body, forour auditwork, for thi5 report, orfor the opinions we have fomed. Wenn Townsend Chartered Accountants and Slatulory Auditor Oxlord November 2025 Wenn Townsend eligible to 8ct es an auditorin tenns of sectson 1212 of th8 Compani8s Act 2006.
The Thomas Wall Trust Statement of Financial Activities for the year ended 31st Juty 2025 Unrestrifjd Dgslgnated General Capital 2025 Total 2024 Total Income trom: DonatB)ns Investments Properties 1S0 150 131,400 79,784 1.1SO 131.959 70,697 131.400 79.784 Total Inme 211,184 150 211.334 203,8C6 Expenditure on: Charitable activilres 1211,4031 (211,4031 1225.6661 Total expondlture {211,4031 (211,403) {225.6661 Realised gains on investment a5set5 unrealised11055llproff( on revaluation of investment assets {4,044) (88.434) {92.478) 373.020 Net lexpenditurevsurplus 14,263) (88,284} (92.54n 351,160 Fund balance brought forward 213,844 5.630,438 S,844.279 5,493,119 Fund balance carried fopNard 209.578 5,542,154 5.751,732 S.844.279 All of the above results are derived frcffi continuing activf(ies. All gains and l¢)sses recogni5ed in the year are included above.
The Thomas Wall Trust Balance sheet At 31st July 2025 2025 2024 Flxed assets Investments Investment properties 4.477,481 1.213,900 4,569,959 1,213,900 5.691.381 5,783,859 Current assets Debtors Cash at bank and in hand 54,840 49,632 55,546 23,774 10 104.472 79,320 Creditors: Amounts falling due within one year 11 144,1211 {18.9001 Net Current assets 60,351 60,420 Debtcsrs due after more than one year Net assets 5,751.732 5,844,279 Unreslrtied fund$ - general - designated capital 13 13 209,578 5.542,154 213.841 5,630.438 Total funds 5,751,732 5,844.279 These aLnts were approv1 by the Trustees on 25 Novembor 2025. Signed on behaw of the Trustees Chair 27////5 The notes on pages 10- 15 form part of the financial stslemenls_
The Thomas Wall Trust Notes to the accounts for the year ended 31st July 2025 Summary of slgnlficant accounting policio$ General Infom)atSon and basis of preparation The Thornas Wall Trust is a charitable t$t in the Unit8d Kingdorn. The address of the registered Offi is given in the charity inforrnatKJn on page 1 of these finantsal staternents. The natu of the charity's operations aryj principal activities are detaibd in the Trusteeg, R8POrt. Thè charity corolitutes a public benefit entity as dafined by FRS 102. Thg financkil statements have been prepared in a¢cordance with Accounting Reporb"ng by chane$.. Ststement ofRecornrnended PractKe applicable to charthes preparing their accounb in accordan with thè Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Finanoal Raporttng Standard applicab in the United KiThJdom Republic Of Irèland IFRS 1021, the Charities Act 2011, and UK Generally Accepted Accounting Practi. The fin8neial statements are prepa on a going conrn basis under tho historical cost convention modified to include certain item5 al fair value. The financial statemènts are prèpared in sterling which is functional and presenlaticffial currency ol the charity. Monetary amounts in these fin8neial statements are roun¢Jed to the nearest pound sterling. The signifrcant accounting poli(x88 applied in the preparation olthese finanual statements aro gètout below. Thèse polielès h8ve been consistently applied to all years presented Un55 OthetWi5& Stated. bl Fund accounting Charty's total funds consi5tofa general fund which the Trustees may use, for the furtherance tsfths objècts oflhe Chatity. at theirdiscretioTr. Desunated fvnds are UnstriCte(l fundswhich have been set aside bylheTru3tees fora p8rb'cul8r purpose. Income recognition All inccKning resources are included in the Statement of Finanaal Activitie5 ISOFAI when Ihe charity is legally entitd to the income after any performan condibons have been met, the 8mounl Can be measured reliably and rt probable that the income will be e1Ve{l. For dOnaonS to bè recogn1s thè ¢harity will have been notifi ol the amounts and the setdement date In writing. If there arè condib.ons attached to the donation and this requires a level of perfOMan bef(*6 entitlèmènt can b8 obtain8d thèn incull8 is deferred vntil those conditions are fully met or the fuffilment of those condthons is within Ihg control ofthe ch8rty and il is prrA)able that they will be fvlfilled. Investment income ts eamed Ihrough hdding assets for inve¥lrnent purposes such as shares and propety. It indudes divvJ6nds, intèrast and rènt. Mlher8 il is not practicable to identify investment management costs incurred wthin a scheme with reasonable attur8cy thè invÉstrnent inc(Yne is reported net ol these costs. It is Included when the amount can be measured reliably. Interest income is COgnised using the effective interest mèthod and dividend and rent incom8 is recognised as the charity's right to re1ve payment is establlshed. dl Expendlturo recognltk)n All expenditu is accounted foron an 8ccru815 basi5 and ha5 been classified under headings that aggregate all costs related to the category. Expenditure is rècognised wh8re thÈr8 is a legal or nstruCtive oblrgation to make payments to third parties, it Is probable th8t the 5etUemenl will be required and the amount of the obligation can be measured rèliably. ITCoVerable VAT is charged as an expense agaIn5tt br which expenditure aro8e. Grants payable to third parties are wthin the charitable objectives. Where unconditional grants are offered, this is accrued as soon a5 the recipient is notified ol the grant, as this gives rise to a reasonab expectatlon that the r•clp16nt will rseeive the grants. ere grants are condits.onal relakn.ng to perf0m18n then the grant is only 8c¢rued when any unftjlfilled conditions a outside of the control of thè chanty. Support costs allocation Support costs are those that assist the wort( of the tharfty butdo not direcdy representchadtablè activltias and includo oif¢o osts and governan costs. They are incurred d1CtlY in support ol expendlture on the cbjeds of thè charity and include project manag8rnent. The analysis of these Costs is induded in nots 4. Flxed asset Investments The Charitys invesbnents and invesbnent properties ara Indudad In tha accounts at mat value 8t tha ar end. Gwns or losses arisirvJ on revaluation are cOgniSed in the Statement of Financial Actmtiès as unraalisèd gains or 105ses. Gains c 105ses atr5irvJ di5PD5al are reccgnis8d in th8 Staternenl of FInancal Aclivities as reali5ed gains or losses. 10-
The Thomas Wall Trust Notes to the accounts Icontlnugdl for tho year end9d 31st July 2025 g) Going concern The financial statements have been prepared on a going concem basis as the trustees believe that no rnatsrial Unrtaine$ éxist. The trustees have considered the level of functs held and the expected level ol incorne and expendrture for 12 months fr¢)ffl authorising thèsa financial statements. The budgeted Inc@ and expenditure is sufficient with the lavèl of rèserves for the charity to be able to ¢ontinue as a going concgm. hl Key Judgements and $our¢es of estimation uncertainty The preparation of finan81 statements r8quires tnanagetnent to mako $Stimata$, ju¢*Jem$nl$ and 8$surnptions that affect reported incorne, expen58s, assets and liabilitie5. However, nature of estimation mèansthat actual outcomes could differ from those estimates. The valuation of the investment prOpertS may have a significant risk of causing a matenal adjustrnent to the carrying 8mounls ol assets and liabilities within the next reporting Feriol. As at 31st July 2025. the carrying amount of the investment propetties wa5 £1,213.90012024." £1.213.9001. Donations and legacie5 InclLKled in donathjns are the following including gift aid received In the year. 2025 2024 Sundry donations 150 1,150 Investsnenl income Interest reivable Dividends ieceivable from investments and unil trusts 1.191 130,209 2,490 129,469 131,400 131,959 Charitable activitles Glanls made in the year- to indiwduals to charitablo organisatDn5 Legal fres including re investment property Audit Managèment fees Office costs including rneetings, travel & Irairsing Bank charges Vvebsite costs 31,979 114,430 2,714 3,360 52,494 2.363 319 3.744 51,688 105,874 3.210 58.628 2.415 321 3.530 211,403 225,666 Included wf(hin Grants made in the African Frenth S 8akin Communi Basin stoke Menca Servis British Sornali Communi Centre Comwall Film Festival Deaf-initel Women Devon and Cornwall Relu EFA London Esc films Ltd Forth Valle Welcome for the Youn Ltd Ju5t-Ic8 Po nlon Middlesex A5SOClation for Ihe Blind ear are ort ments lo the followin or anisalions.. 5,000 One to One Enfield 4,750 rtuni S orts Foundation 5,000 P8lhwa s for All Ptro 5.000 Peo le Matter Trust 5.000 Rochdale Women's Welf8r8 Association 5,000 Stren th & Stem Ltd 5.000 The CRUMBS Pro er 5.000 The Laburnum Boat Club The Recruitment Junction The Zink Pro eot CIO Youth & Communit Connexions Thomas Wall Nurse 5,C()O eesu 4,786 4,920 5,000 5.000 5.000 250 All ofthe above reCIpnIS each weived one grant payment during the year. 11
The Thoma$ Wall Trust Notes to the accounts Icontlnuedl for the year ended 31st July 2025 Trustees. and key management personnel remuneration and expenses The Trustees neither received nor waived any remuneration during the year12024.' £Nil}. The lolal amount of employee b$nefits received by key management personnel is £Nil12024.. £Nil). The Trust has no employees. The Trustees received £717 in expenses relmbutsed during the year12024'. £554}. Audltorfs remuneration Unrestricted Funds 2026 2024 Audilorfs remuneration including VAT-. Current year 3,360 3,210 Staff costs No individuals are employed by Ihe TTUSI {2024'. none). 12-
The Thomas Wall Trust Notes to the accounts l¢ontinuedl forthe year ended 31st July 2025 Fixed asset investments 2025 2024 COIF: Market value at 1st August 2024 Disposal proceeds Purchases Realised gains on disposal Unrealised Ibssllprofit in y 4,569.959 4,196,939 192,4781 373,020 Market value at 31st Juty 2025 4,477,481 4,569,959 Investment propertie5: 55 High Street, Slaines Market value a11s1 August 2024 Movement in valuation 1.200.000 1,200.000 Market value at 31st July 2025 1,200,000 1.2,000 2a Outram Street. Sutton in Ashfield Market value a11st August 2024 Movement in valuab'on in the year 13,900 13.900 Market value at 31st July 2025 13,900 13,900 Totsl investment pioperties 1,213,900 1.213,900 al The historic cost of the COIF investments at 31st July 2025 was £3,408,965 {2024.. £3,408,965). The decrease in market value during the peri1 was 2%12024'. 8.8% increase). During the same pwiod. the FTSE 100 index rose by 9¥012024'. 8.68%) b) The market value of COIF investments held wlthin and outside the UK. using asset all¢xation as at 30th June 2025 was.. 2025 2024 Inside the UK Outside the UK 1,746.218 2,731.263 1,599,486 2.970.473 4,477,481 4.569,959 cl No individual shares within the COIF Charlties Ethical Fund represented more than 5% of the portfolio. d) The property at 55 High Street. staines was valued by the Trustees following advice from Nicholas Shepherd, Esq Ilhe surveyor who negolialed the current leasel in April 2017 al £1,200,OLK) (cost.. £553,104). The property at 2a Oulram Street. Sutton in Ashfield was valued by Dav¢d Blount, Chartered Surveyors, on 23rd July 2013 al £13,900 {co$t £15,483). Both properties We valued with regard lo the existing lease terms. 13-
The Thomas Wall Trust Notes to tha accounts Icontlnuedl fortha year gnded 31st July 2025 Debtors 2025 2024 Accrued income Prepayments Other debtors 42.552 12,228 60 42,404 13,112 30 54,840 55,546 10 Cash at bank and Sn hand 2025 2024 Bank current account COIF deposit account 49,4f 226 14,801 8,973 49.632 23.774 11 Creditors 2025 2024 Sundry Creditors Accruals R&nt received in advance 28.562 3.360 12,199 5,027 3.210 10,663 44.121 18,900 12 Financial Comniltments At 31st July 2025, the Trustees had approved no conditional grants for the 2025126 academic year12024'. £nil}. All non-condilional grants have been accrued in these accounts £25,23612024 £4,979). 13 Reserves Designated ¢apital fund This ftjnd represents money set aside to generate income in order lo carry OLrt the charitable activities of the Tru8t. 11 represents the inilkgl capi(al with which the Trust was sel up, plus donations reiVed since that date. 2025 2024 Balance brought forward 1st August 2024 Donations reiVed Realised profil on sale of investments Change in market value of investments 5,630.438 150 5.272.580 1.150 188,4341 356,708 Balance carried fomard 31st July 2025 5.542,154 5,630,438 General fund This fund represents money not sel aside for a particular purpose. Balance brought forward 1st August 2024 (Deficit} for the year Realised profit on sale of investments Change in market value of investments 213,841 1219) 220.539 123,0101 14,0441 18,312 Balance carried fo)ward 31st July 2025 209.578 213,841 14-
The Thomas Wall Trust Notes to the accounts (continued} for the year ended 31st July 2025 14. Statement of Financlal Actlvltles for 2024 Unrestricted Designated General Capital 2024 Totsl Income from: Ou)alions Investments Properties 1,150 1.150 131,959 70,697 131,959 70,697 Total income 202,656 1.150 203,806 Expenditure on: Charitable act*vf(Es 1225,666) {225,6861 Totat expendlture 1225,6661 {225,6661 Realised gains on investment assets Unrealised gain on revaluation of investment assets 16,312 356.708 373,020 Net lexpendrturèllincome 16,6981 357,858 351,160 Fund balan brought forward 220,539 5,272,580 5,493,119 Fund balance carrled fonvard 213,841 4530,438 5,844,279 15. Related party transactions During the year a total of £nil was received from Trustees as donations12024.' £nil). 15-
The Tl)omas Wall Trust Income and expenditure account for the year ended 31st July 2026 2025 2024 Income Dividends and interest on investments Deposit inl8re$l 130,209 1.191 129,469 2,490 131.400 131,959 Rents receivable.. 55 Hlgh Street. Staines 2a Outraffl Street, Sutton in Ashfield 79,088 70.000 696 697 79,784 150 70.697 1.150 Donations receNed Total income 211.334 203,806 Deduct: expendlture Professional fees Audit Management fee Investment propety costs 3,360 52,494 1,560 3,210 58.628 57.414 61.838 General Postage, stationery, printing & telephone Subscriptions Travelling and meeting expenses Website costs Legal Bank ¢haTges Sundry expenses 247 304 330 1,781 3,530 2,116 3,744 1,154 319 321 7,580 6,266 Grants To individual students To organisalions 31,979 114,430 51,688 105,874 146,409 157.562 Total expenditure {211,4031 1225,666) Net Idoficitl for the year 1691 121.860) This page does not form part of the $lalulory aounts.
The Thomas Wall Trust Capital fund - Balance sheet At 31st July 2025 2025 2024 Capltal fund Balance al 1 st August 2024 5.630.438 5.272,580 Donations received 150 Realised and unrealised (IossesygnS on investments {88,434} 1,150 356.708 188.2841 357,858 Balance at 31st July 2025 5,542,154 5,630,438 Represented by: Investment properties at market value 1,213,900 1.213,900 Quoted investments al market value 4,281.681 4,370,115 Cash al bank 46,573 Nel current assets 46,423 Net assets on capital fund 5,542,154 5,630.438 This page does not fomi part of the slalutory accounts.
The Thomas Wall Trust Income fund - Balance Sheet At 31st July 202S 2025 2024 Income fund Accumulated surplus al 1st August 2024 IDeficill for the year Realised and unrealised {bssllgain on investments 213.841 {219} (4,0441 220,539 123.010) 16.312 Accumulated surplus at 31st July 2025 209,578 213,841 Represented by: Investments 195,800 199,844 Debtors Prepayments and accrued income 54.840 32,897 Cash and bank Bank curtenl and COIF dgposf( account 3,059 Creditors Sundry Creditors Accruals Rent recewed in advanee 28.562 3.360 12.199 5.027 3.210 10.663 {44,121) {18,900) Net assets on income fund 209,578 213,841 This page does not fomi part of the statutory accounts.
The Thornas Wall Trust Reconclllatlon of net assets At 31st July 2026 2025 2024 Nel assets on capital fund (see page Bl 5,542,154 5,630,438 Nel assets on income fund {see page C) 209,578 213,841 Total net assets (see page 8) 5.751,732 5,844,279 This page does not fom part of the statutory accounts.