Charlty numb•r: 215479
THE WALKER TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2028
WR
Partners
Protecting your future.

THE WALKER TRUST
CONTENT8
Page
Referenco and admlnl8tr&tlve detall• of the Trust, Its Tru8teos and •dvlsgrn
Trusteo8' report
Ind•pendent examlnerfs roport
Stat•m•nt of flnanclal actlvltl••
9-10
Balance sheet
12
Not•8 to the flnanclal statements
13-23

THE WALKER TRUST
REFERENCE AMD ADMINISTRATIVE DETAIL8 OF THE TRU8T, IT8 TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Major General J Crackett, Chair
Mr V Hunt (Chaimian of Shrop8hire Coundll (resigned 1 June 20251
Mrs C PaloTrSrnilh
Lady Fore81er
Mrs S Reynolds (Borough of Telford and Wrekinl
Mr D Borrowman Ichair Shrop$hire Coun¢ill (appointed 1 June 20251
Mr B Williams Ivice Chair Shropshire Council) (reS￿ned 28 April 20251
Mr G Groves (Vice Chair Shropshire CounrAI (appoint￿ 1 June 20251
Charlty reglst•r•d
number
215479
Prlnclpal offl¢•
5 Smithy Croft
Church Ealon
Staffordshire
ST20 OAF
Clerk to the Trugt
MrA Jones
A¢¢ountsnts
WR Partners
Chartered Accountants
Belmont House
Shrewsbury 8Ltsines$ Park
Shrewsbury
Shropshir
SY2 6LG
BJnk•rs
Lloyds Bank PLC
1 Pride Hlll
Shrewsbury
Shropshire
SY11DG
Trustee• Investments
Advl8or•
Cazenove Capital
Llvefpool House
Lower Bridge Slre•t
Chester
CH1 IRS
Page 1

THE WALKER TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the Trust for the period from 1
April 2024 10 31 March 2025.
Objgclives and actlvltles
a. Pollclos and obloctlvos
The duties placed upon the Trustees under the Will are as follows:_
lal lo invest the capital of suth Trust Fund in any of the securities hereby aulhorised.
Ibl to apply the income of such investments lo all or Such of the following purposes as my Residuary
Trustees from time lo lime think beneficial. vvz..
in the eslablishmenl or towards the maintenance of any hospital, infirmary, convalescent home or other
institution having for its object the rèlief of sickness or PTomob'ng convalescence.
ii. the provision of medical or surgical aid or applian￿S.
iii. any insts'lution for the maintenance and education of orphans.
iv. the provision of such means of education as are not, for the time being, provided for by impèrial or local
tsxation.
Ic l arKF l expressly direct that in case, for the purposes aforesaid my residuary Trustees shall unanimously
resolve that il is expedient lo expend any part of the capit81 of such Trust funds in the erection or
furnishing of any building for any of the aforesaid purposes, they sh811 have full power so to do.
In setting objectives and planning for activrt¢es, the Trustees have given due consideration lo general guidance
published by the Charity C¢ynmis$ion relating lo public benefft, including the guidance 'Public benefrt". running a
harty IPB21'.
b. Stratogies for achlevlng oblectlves
The aim of the Trust is lo make grants for the purposes sel out above to improve the life or make better
QPPDrtunilies for the people of Shropshire assisting with grants for buildings, aids and equipment or lo assist wth
the costs of education or educational opportuni118s. The Trust'5 main objectives for èach year are therefore lo
use ils income for these purposes and achieve these objects through being widely known throughoLrt the County,
known lo organisalions that are providing facilities which meet the Trust's charitable objects, and through ils
contacts with hospitals, hospic8s, councils, schools. eollege8 and universities.
c. Grant4naklng pollcles
The objective of the Trust is lo make grants in 8ccordan¢e wth the crheria sel out by the Benefactor. These
cover in broad temis the assistan￿ of health and disability, orphans and education and training. The Trustees
consider applications under any of these heads and interpret them in a wide and general sense The Trustees
will not nomially assist in cases outside Shropshire unless the County would specifically benefit thereby. In the
case of applicats'ons for assistance from individuals the Trustees would nomally exped thè applicant lo be
resident wthin Shropshire at the lime gf the applicat'on and for the previous 12 months. The Trustees have
decided that al certain inletwals they will consider the financing of some major wojecl of lasting benefit lo
Shropshire. They have established a ￿seNe ftjnd for this purpose, The Trustees will use the bulk of their income
in any year for grants within their obieclives. A copy of the Trustee3 full grant policy is available from the Clerk.
Page 2

THE WALKER TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Objoctlvgs and actlvltles Icontlnuedl
d. Maln actlvltles undertaken to further the Trust's purposes for the publlc beneflt
The Trustees have considered a report on Public Benefit and have received and considered the guidance issued
by the Charity Commission on 'Chaiities and Public Benefit.. The Trust's objeds clearly come within the
descriptions of charitable purposes as set out in the Charities Act and there are identifiable bonefits from the
grants made. The benefits are lo the public, i.e. the peokle of ShropshI￿ and grants are only made in
8ccordance with the Trust's aims and objectives.
Whilst grants to hospitals, hospices and educational inslilLrtions and organisations benefit the whole population
of the County or increase the opportunities available to them. in considering individual applications, the means of
applicants and where appropriate their families are looked al and the Trustees largel their help lo appli¢anls with
low income5 This group includes young people leaving care, young people estranged Irom their families, single
parents and children from families with low incomes. and frequently those relying on slate benefit8.
The Trustees are therefore satisfied that they have compliod with the duty in Section 4 gf the Charities Act 2006
lo have due regard ID the public benefit guidance issued by the Charity Commission.
Achlevements and performance
a. Rovlgw of actlvlllgs
The Trustees have maintsined their policy of reslricling their grants lo Shropshire persons or projects benefiting
such persons Grants continue lo be made towards a camping equipment bank run by the Shropshire Council
Youth Services and the Shropshire Schools and Colleges Athletics Association which provides opportunib"es,
grants or assistance lo young people of exceptional sporting ability.
The requests for grant$ within the Trust's objectives continue lo be made both in the areas of Health and
Disability and Education and Training In the a￿a ol individual grants for educational purposes. the Trustees
continue lo concentrate on the further education seelor and the areas of music, drama and the arts where
student's costs are considerable. The Trustees have maintained their PTevious decision that unless there afe
exceptional circumstance5 such as disability. they wll not assist students in higher education as assistance is
available from student finance, with the exception of medical and veterinary courses particularty vthere Ihesg afe
tsken as second degrees.
Iln the area of education and trainin9 the Trustees made grants of £1,000 or more to.. Derwen College- £30,000,
Pioneer Centre £4,DOO, Engineering Development Trust - £6.000, Police Comrnunily Clubs
£2,000, The
Longmynd Adventure Carnp. £5,000, Guide Dogs. £1.020. Strellon Pool Action - £2,000, Wenlgck Olympian
Society £15,000, Educating Kids Outdoors
£3,900, Shropshire Schools Sports Association
£5,000.
Community Safety Education - £2,200, 4 AII - £1,400, VCH Shropshire- £5.000, Shrewsbury & Osweslry Cruaal
Crew - £3,000, Whrttinglon Music Festival £1.000, Shropshire Army Cadet Force - £1,500, Climbing Out
£2,000.
Some grants were made lo individuals and organisalions ranging from £500 to £4.500. Of these, 2 were from
single parent families 3 from families whose main income was benefits and 2 from young people estranged from
their families. Four were gran15 fo¥ music. drama or art studies, many of which were 5ubslanlial. Without the
trusts support most of these individuals would have been unable to undertake their courses.
Page 3

ThE WALKER TRUST
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Achlgv•monts and perforniance Icontlnue(11
In the are8 of health and disability, the Trustees made grants of £1,000 or more lo.. Dream holidays - £1,700,
Deafblind UK - £2,000, Royal Airforce Benevolent Fund £2,000, RNIB - £1,835. Revbtalise - £3,000, Lyneal
Trust - £10,000, The RJ & AH Orthopedic Hospitsl - £5,000, Hope House Children's Hospice - £8,389. AT
Society- £1,000. Blind Veterans UK- £2,500, The Firefighters Charity. £2,000, Dernenlia UK- £2,000, MNDS-
£2,500, Bliss £2,000, The Lullaby Trust - £1,200, Neuro Muscular Centre - £1,500, Combat Slresg - £2,000,
Kids Cancer Charty- £2,200, The Movement Centre- £2,500.
All of these grants enabled the Charity to meet the objectives sel by the benefactor lo provide grant5 in the areas
sel out in the Will and meet the public benefit requirements.
The Charity has some funds that were given lo them by the Acton Reynald Edu¢ational Trust for the specific
purpose of assisting Shropshire girls in private education No grants from these funds were made this year.
b. Investment pollcy and pgrfomiance
The Trustees make their grants from the income from the material investments held. The Trust investments are
managed by Cazenove Capitsl. The TrLJStees' general policy is to look for capital growth lo maintain and
hopefully increase, In real terms, the capital value of the Trust's portfolio thus maintaining the value of the
portfolio in real terms for the future, whilst also maintaining a good level of Income lo enable the Trustees lo
meet their charitable objectives. The Trustees, mindful of their legal duties, operate a conservative investment
policy and do not Ljndertake undue risks wrth regard to inveslmenls.
Fdlowing the appointsnenl of Cazenove Capital as their Investment Managers. Trustees agreed with them a
benchmark of giowth of infialion + 3% for the new Portfolio. Trustees agreed this was a move for greater capital
growth than their prewous investment strategy and would provide a lower income, but overall a total relurn of
approximately 80/0. In agreeing this new strategy, Trustees were aware that they did have the ability. if they
wished, lo use captsl for appropn'ale projects.
The Trustees receive quarterly reports on the value of their portfolio and on the economic and market outlooks
and whether any changes should be made lo the investment strategy. Twice yearly the Investment Managers
attend a Trustees, meeting ID give oral reports, make suggeslions for investment strategy and for review of
benchmarks and for improving the management of the Trust's Portfdio. The performance of the funds is
measured against the benchmark.
In this year 2024-25 the portfolio performed well and was shomring a retum of 1 Ooh. This was tempered in the
final quarter wth volatility created by US tariffs proposed reducing ils growth for the year to 3.30h.
The retum on the portfolio in income was 1.9%.
Tnjstees wll keep performance under review.
Flnanclal review
a. Golng concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the Trust has adequate
resources lo continue in operational existence for the lore5eeable future. For this reason, they continue lo adopt
the going concem basis in preparing the financial slatemenls.
Page 4

THE WALKER TRUST
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
b. ReseNes pollcy
The results of the yearfs operation are set out in the attached Financial Statements. The nel movement in funds
for the year amounted to an increase of £77,01912024- increase £664,246). The retsined reserves at 31 March
2025 arnounl lo £7,416.78712024 £7.339,7681.
FTee reserves amounted lo £286,62812024 £379,650).
The Trustees closely match their grant giving to their income. Income and expenditure are closely monitored
during the year. The Trustees do not have any ftjnds in deficit.
Th¢ Trustees have agreed a form81 Reserves Policy taking into account income and expendf(ure estimates and
governance and support eosls. They have agreed that free reserves should be maintained al a revised figu￿ of
£50,000. In setting this figure, Trustees noted that their adminislralive ¢o$ls had reduced in recent years and this
revised figure would cover four years of running costs rf no new grants were made.
c. Mateflal Investments pollcy
The Charity's principal funding sources are ils investments detailed above. The income from these investments
support the key funding objectives ol the Charity. The Trustees have not applied any social. environmental of
ethical considerations in their investment policy. They did review this some years ago bul decided lo continue lo
maintain the existing policy. This is because no restrictions were specified by the benefactor when the Charty
was established and that whilst applying such a policy would not materially effect perf0mlan￿ and income at this
lirne it could do so in the future. The Trustees do not feel therefore that they should adopt any policies that might
affect the Trust's financial performance in the future.
Structurg, govgmance and management
a, Constltutlon
The Walker Trust is a ￿gIStered eharity, nurnber 215479, and is constiluled under a Trust deed.
The Trust was formed under the Will of Charfes Clemenl Vvalker. JP, of Lille5hall Old Hall, Newport. Shropshire,
who established a Trust devoting a large part of his Eslale lo charitable purposes and established the Charity of
Charles Clemenl Walker known as'The Walker Trust"
The Charity was consb'tuted with three representative Trustees together with the Chaiman and Vice-chairman
for the lirne being of the Shropshire Council. Svbsequenlly, it was agreed to invite the Telford and Wrekin
Borough Council also lo rsorninale a Trustee The names of the persons currently occupying these three
charitable positi'ons are sel out earfier.
Page 5

THE WALKER TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
structure, governance and management {continuedl
b. Methods of appolntment or electlon of Trustsos
The management of the Trust Is the responsibility of the Trustees who are elected and co-opted under the terms
of the Trust deed.
When a vacaney for a representslive Trustee occurs, the Trustees seek lo replace with someone who wishes to
serve in the charity sector, has a knowledge of education andlor health. has a knowledge of the County of
Shropshiie and also seek lo achieve a geographical spread of Trustees around the County $0 that they are able
to bring their local knowledge lo bear on applications. The Trustees also seek lo appoint younger persons as
Trustees. Names of people to be considered as Trustees are suggested by the Trustees and then have a
preliminary inletview with the Clerk lo explain the objectives history and operation of the Trust prior lo the
Trustees making a lormal appointment.
c. Organlsatlonal structure and decision-maklng pollclas
The Charity Trustees usually meèt four limes a year and collectively take decisions in relation lo applications.
The Chairman and Clerk have delegated authority lo lake urgent decisions In between meetings. The Chairnian
is delegated lo lake decisions in all ￿SeS while the Clerk's delegated authority 15 limited lo grants up to £500.
The Charity is not part of a wider nthork and has no sUbs￿l8ne$. A formal pro￿d￿re for r￿e1VIng antl
considering complaints is in place.
d. Pollcles adopted for the Inductlon and tralnlng of Trustoes
When new Trustees are appointed they invariably have already served in this capacily on smaller Trusts and are
given an introduction to the work of the Trust, a brief history of the Trust, an account of Ihe recent workings and
copies of the Annual Report and previous agenda5. They go through training sessions with Ihe Clerk if required.
on the responsibilities of Trustees, the overriding duties of Trustees and the need lo decla￿ any interes15 or
related paty transactions they might have al meeb'ngs. Trustees and the Cl8rk also attend relevant seminars
and training courses A recent rneelings, Trustees have considered the five minute briefing papers prepared for
Trustees by the Charty Commission.
During the year Trustees have considered a series of briefing papers provided by the Charity Cornmission on
issues relating lo their duties and responsibilities.
Page 6

THE WALKER TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
structur8Tr govgrnance and management Icontlnuedl
e. Flnanclal rlsk management
The Trustees have in place a risk matrix which identifies the risks faang the charity, the control procedures in
place. individuals responsible for such controls and monitoring processes. The matrix was last ￿vieWed in
January 2025. In as$e$sing risks Trustees took into accounl that they do not have any property or any d1￿ct
employees. Trustees also roly on their capital endowment and do not fundraise on an ongoing basis.
Occasionally. ftjnds are contributed to the Trust by other organisalions. The Trustees closely match their grant
giving lo their income. Income and expènditure are closely m¢nf(ored during the year wsth reports lo the
Trustees quarterfy meetings. 11 all ineomè is not allocated during the year, then it is either carried forward or
transferred to an aecumulated incorne reserve account so that reserves are available for future major capital
grants. The Trustees do occasionally agree to grant aid a project with contributions being Tnade over the next
two or three years. However these only form a small proportion of projected annual income and would not
Compromise the Trustees rf the￿ was a downlum in income In any one year. The Trustees have formal banking
arrangements and have enterèd into an undertaking and agreement with their bankers, as Banks are required lo
do under legislation. The Trust has substantial invested funds and this carries some risks. To minimise these
risks, Tru51ees operate a conservative investment policy and use the services of professional investment
managers. Trustees invest in fvnds which carry low risk and have low volatility. Se$ section on inveslrnent
policy and performance.
The Trustees accounts a￿ independentty prepared and reviewèd reducing risks of fraud and corruption.
The Trustees are therefore satisfied that risks have been identified and that procedufes are in place to manage
those risks effectively. Risks are reviewed on an annual basis.
Plans for fvture pgrlods
The Trus18es plan lo continue with their curT8nt aims and key objectives on dislribuling grant$ in accordance wlh
the objectives sel by the benefactor. They wll continue lo do this by making their grant policies known
throughout the geographical County of Shropshire and by considering applications from organisations. groups
and indivkduals. In 2025126 they are hoping ID continue support to VCH Shropshire and the Ironbridge Gorge
Museum TrLJSt and the Shropshire Schools Alhleli¢s Association.
Page 7

THE WALKER TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
statement of Trustees. responslblllues
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting
Pr8Cticel.
The law applicable to charities in England & Wales require5 the Trustees to prepare financial slalemenls for
each financial which give a true and fair view of the slate of affairs of the Trust and of it5 incoming resources
and application of resources, including Ils income and exp8ndilur8, for that period. In preparing these finanaal
slalemenls, the Trustees are required to..
select suitsble accounting policies and then apply them consislenlly..
observe the methods and principles of th& Charities SORP IFRS 1021.,
make judgments and acwunling eslimales that are reasonable and prudent,.
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Tru51 wll continue in business
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust and
enable them to ensure that the financial statements comply wlh the Charities Act 2011. Ihe Charity IA¢counls
and Reportsl Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding
the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other
irregulaiilies.
Approved by order of the members of the board of Tru51ees and signed on their behalf by..
Major General J Crackelt
ehaif of Trustees
Dat¢.. 2 J LK": I
Page 8

THE WALKER TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent ExamlnOT'S Roport to tho Trustoos of The Walker Truit Ilh• Tru•f
I report to the charity Trustees on my examination of the accounts of the Trust for the year ended 31 March
2025.
R•sponslbllltlgs and Basls of Report
A8 the Tru8lees of the Tru81 you are responsible for the preparation of the accounts in accordance th the
requirements of the Cha￿tIeS Act 2011 (the 2011 Acfl,
I report in respect of my examination of the Trust's accounts carried oul under section 145 of Ihg 2011 Act and in
carrytng out my ¢xaminalion I have followed the applicable Dlrectlons glven by the Charity Commission under
section 145151{bl of the 2011 Act.
Pag• 9

THE WALKER TRUST
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Independent Examlner's Ststemont
Your attention is drawn to the fact that the Trust has prepared the accounts in accordance with kcounling and
Reporting by Charities.. Slalement of Recommended Practice applicable lo charib'e5 preparing their accounts in
aecordance wth tho Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preference lo the Accounting and Reporting by Charities Slalemenl of Recommended Practi￿ issued on 1 April
2005 which is referred lo in extsnl regulats'ons bul has been withdrawn.
l understsnd that this has been done in order for the accounts lo provide a true and fair view in accordance wlh
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. l Confirrn that no rnatlers have come lo my attention in connection with the
examination giving me cause to believe that in any material respect".
accounting records were not kept in iespecl of the Trust as required by section 130 of thè 2011 Act., or
the accounts do not accord wlh those records-, or
the accounts do not comply with the applicable requirements concerning the form and eontent of
accounts set out in the Charities IA¢counls and Reports) Regulations 2008 other than any requirement
that the accounts give a Irue and fairf view whieh is not a matter considered as part of an independent
examination.
I have no coneerns and have come across no other matters in connecb'on with the examination to which
attention should be drawn in this report in ordef lo enable a proper understanding of the accounts to be reached.
This report is made solely lo the Trust's Trustees, as a body, in accordance wlh Part 4 of the Charities
{Accounls and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Trust's
Trustees those matters l am required to stale to them in an Independent examiner's report and for no other
purpose. To the fullest extent permilled by law, I do not accept or assume responsibility to anyone other than the
Trust and the Trust's Tiuslees as a body. for my work or for this report.
Signed".
Dated
S J Tweedle
Bsc FCA DChA
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshi
SY2 6LG
Page 10

THE 114ALKER TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Restrlcted Unrestrlcted
funds
funds
2025
2025
Total
funds
2025
Total
fvnds
2024
Note
Income from:
Investments
10,364
139,940
1SO.304
172,438
Total income
10,364
139.940
1SO,304
172.438
Expendlture on..
Raising funds
Charitable activities..
Grants
Governance
2,836
37.375
40.211
36. 705
160.427
11,881
160,427
11,881
74,012
11,127
Total eX￿ndIture
2,836
209.683
212,519
121,844
Net incom811gxpendlturel before net
galns on Investments
Net gains on investments
7,528
10,456
169,7431
128.778
162,2151
139,234
50,594
613,652
Net movement in funds
17,984
59,035
77.019
664,246
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
519,290
17,984
6,820,478
59,035
7,339,768
77.019
6,675,522
664,246
Total funds carried forward
537.274
6.879,513
7,416.787
7,339. 768
The Statement of Financial Activ(fies includes all gains and losses recognised in th6 year.
The notes on pag85 13 10 23 fomi part of these financial slalements.
Page11

THE WALKER TRUST
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Flxod assets
Inve81menls
7.087,939
6,928.230
7,087,939
6,928,230
Current assots
Debtors
Cash at bank and in h8nd
12,714
350,477
8,261
448,955
363,191
457,216
Current Ilabllltles
Creditors.. amounts falling due wlhin one
year
10
{34.3431
(45,678)
Net CLFrrent assots
328,848
411,538
Totsl net as$ots
7.416,787
7,339, 768
Charfty funds
Restricted funds
Unrestricted funds
537,274
6.879.613
519,290
6,820,478
11
Total funds
7,418.787
7,339, 768
The financial $tat•m¢nls were approved and authorised for issue by the Trustees and signed on thebr behalf by..
Llb
Major Goneftl J Cr4ck•ff
-ehair of Trustee$
Date.. 2J t¥-, IS
The notes on pag¢$ 13 to 23 fomi part of th¢$• financlal 8talemenls.
Page 12

THE WALKER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2026
Accounting pollcles
1.1 Basis of preparatlon of financial staternents
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
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 IFRS 1021 lèffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK ané Republic of Ireland IFRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a true and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the èxtent required lo provide a 'lrue
and faif. view This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charits'es.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
The Walker Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless othemse slated in the relevant
accounb'ng policy.
1.2 Golng Concern
After making enquiries, the Trustees have a reasonable expeetslion that the Charity has adequate
resources lo continue in operational existence for the forseeable future. The Chaiity therefore
continues lo adopt the going concern basis in preparing ils financial slatemenls.
1.3 Income
All income is fecognised once the Trust has entrtlement to the income, il is probable that the income
will be received and the arnounl of income receivable can be measured reliably.
The recognition of income flom legarjes is dependent on establishing entidement, the probability of
recgipl and the ability lo estimate wsth sufficient accuracy the amount receivable. Evidence of
entitlement lo a legacy exists when the Trust has sufficient evidence that a gift has been left lo them
Ilhrough knowledge of the existence of a valid ￿rill and the death of the benefactor) and the executor
is satisfied that the PTopety in question wll not be required lo satisfy daims in the estate. Receipt of
legacy musl be recognised when il is probable that it will be received and the fair value of the
amount receivable, which wll generally be the eXP￿ted cash amount to be distributed lo the Trust,
can be reliably measured.
Other income is recognised in the period in which il is ￿e1Vab￿.
Page 13

THE WALKER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollclgs Icontinuedl
1.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit
lo a third party, il is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs. including support cos15
involved in undertaking each activity Oirect costs attributsble lo a single activity are allocated directly
lo that aclivily. Shared costs which contribute ID more than one activity and support C051s which are
not attributable lo a single activity are apportioned betsveen those activities on a basis consislenl wlh
the use of resources.
Expenditure on raising funds includes all expenditure incuffed by the Trust lo raise fijnds for its
charitable purposes and indudes costs of all fundraising acb'vilies events and inve51menl
management fees.
Expgndilure on charitsble acliwlies is incurred on directly undertaking the activities which further the
Trust's objectives, as well as any associated SUPPDrt costs.
Grants payable are charged in the year when the offer is made except in those cases Mhere the offer
is conditiona1, such grants being recognised as expenditure when the condibons attaching are
fulfilled. Grants offered subject lo Conditions which have not been mel at the year end are noted as
commitment. bul not accrued as expenditure.
1.5 Interest roceivable
Interest on funds held on depc*sil is included when receivable and the amount can be measured
reliably by the Trust". this is normally upon nolificalion of the interest paid or payable by the instilutiin
with whom the funds are deposited.
1.6 Investments
Fixed asset investments are 8 form of financial instrument and are initially recognised al their
transaction cost and subsequently measured al fair value at the Balance sheet dale, unless the value
cannot be measured reliably in which case it is measured al cost less impairrnenl. Investment gains
and losses, whether realised or unreali5ed, are combined and presented as 'GainsllLossesl on
inveslrnenls, In the Slalemenl of financial aclivilies.
1.7 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any Ir8de dis¢ounts due.
1.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit OT similar account.
Page 14

THE WALKER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
A¢countlng policies Icontlnugdl
1.9 Llabllltles and provisions
Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities a￿ recognised at the amount that the Trust anlicipales il will pay lo settle the debt OT the
amount it has received as advanced payments for the goods or services il musl provide
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the lime value of money is material, the provision Is based on the present value of those
amounts, discounted at the pre-tax discount rale that reftects the risk$ specific lo the liability. The
unwinding of the discount is recognised In the Slalement of financial activities as a finance cost.
1.10 Flnanclal Instrumènts
The Trust only has financial assets and financi81 liabilities of a kind that qualify as basic financial
instrumen15. Basic financial instruments are Initsally recognised al transaction value and subsequenuy
measured al their setuemenl value.
1.11 Fund accountlng
General funds are unreslriclgd funds which are available for use al the discretion of the Trustee5 in
furtherance of the general objectives of the Trust and which have not been designated for other
purposes.
Reslricled funds are funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the Trust for particular purposes. The costs of raising and
administering such funds are Charged against the 5pecrfic fund. The airn and use of each restricted
fund is sel out in the notes to the financial slalemenls.
Investment income, gains and losses are allocated lo the appropriate fund.
Page15

THE WALKER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment In¢om•
RostrlGtod Unrostrlctgd
fund8
funds
2026
202S
Total
funds
2025
Total
funds
2024
Income from local listed investmen15
Income from cash
Other Investment income
3,578
20,240
116,124
3.876
22,324
124.404
2,084
8,280
29,919
142,519
Total 2025
10,364
139,940
150,304
172,438
Total 2024
11.713
160, 725
172,438
ExpendEture on ralslng funds
Costs of ral•lng voluntary Income
Restrlctod Unr•ytrlcted
funds
funds
2026
2025
Total
funds
2026
Tot81
funds
2024
Investment management fee8
2,83e
37,375
40,211
36,705
Totsl 2026
2,836
37,375
40,211
36,705
Total 2024
2, 620
34,085
36,705
Page 16

THE WALKER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
expendlturo on ralslng funds {contlnu•dl
Analy818 of grants
Grants to
Grants to
Instltutlons Indlvlduals
2025
2026
Totsl
funds
2025
Total
funds
2024
Health & Disability
Schools & Other Organi8alions
Foreign Travel
Grants, Aclon Reynald Fund
College Cour8¢
Muslc & Drama
Unlvers6ty Course
58,907
90,520
66,907
90,520
36,558
11,554
1,300
500
5, 100
9.500
3.000
9,600
3,000
5,000
Totsl 2026
147,427
13,000
160,427
66,512
To1812024
48,112
25,900
74,012
Page 17

THE WALKER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analy818 of grants Icontlnuodl
The Trust h88 made the following matertal gran18 to the followlng In8thutions during the year.
2025
2024
8chool8 & Other Organlsatlon8
De￿en College
University cent￿ Shrew8bury
Ploneer Cenlre, Cleobury Mortlmer
VCH - Shropshlre
Wenlock Olympian Soaety
Longmynd Advenlrue camp
Educating ￿'dS Outdoors
The Police Community Clubs
Engineering Developrnenl Trust
Shrgwsbury & Oswestry Crucial Crew
Communication Safety Education
stretton P¢Jol Action
4AII
Climbing Out
Shropshire Amiy Cadet Force
Guide Dogs
Shropshire Schco18 and Sports Association
Whittington Mu$1¢ Fe81ival
Other grants
30,000
15,000
4,000
5.000
15,000
S,OOQ
3.900
2.000
6.000
3.000
2,200
2,000
1,400
2.000
1.600
1.020
5,000
1,000
600
(13,446)
90,520
56,907
11,554
Health & disabilty grants
36,558
147,427
48,112
Pag• 18

THE WALKER TRUST
NOTES TO THE FINANCIAL STATeMENTS
FOR THE YeAR ENDED 31 MARCH 2025
2026
2024
H•alth & Dlsablllty Qrants
LYI￿1 Trusl
Robert Jones & Agnu8 Hunt Orthope(Jl¢ Hospital
Demenlla UK
Bliss
The Movemènt Centre 05westry
Orthopaedic Institute Robert Jone8 & Agnus Hunt
SSAFA
The AT Society
The Lullaby Trust
Revrtallse
Hope House Chrildren's H08pice
Kids Cancer Charty
Blind Veteran8
MNDA
De8fv1ind UK
RAF Benevolent Fund
Combat Stre$$
Firefighters Charity
The Albrighton Trust
Grants <£2000
10,000
2,000
2,000
2,600
2,000
5,000
S,1￿0
3.000
8.389
2.200
2,$00
2,500
2,000
2,000
2,000
2.000
8,818
17,058
66,907
36,558
Page 19

THe WALKER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Governance Co•ts
Unrn8trlcted
funds
2026
Total
funds
2028
Total
funds
2024
Audit and accountsncy
Sundry expen8e8
Postsge and Stslionery
Honararia
Servlces provided by Shropshire Coun¢il
Exchange rate Igainsl & losses
4,110
1,682
249
1,800
4,000
40
4,110
1.682
3,420
1,615
192
1,800
1,800
4.000
Total 2026
11,881
11,881
11,127
Independent examIn0￿9 remunoratlon
The independent examinerf$ remuneration amounts to an independent examiner feg of £1,245 (2024
- £1, 140). and annual accoun15 preparation of £2,74512024- £2,520).
Trugt••s' remuneratSon and expenses
During the year. no Trustees recelved any remuneration tx other benefits f2024- £NILJ.
Durlng the year ended 31 March 2025, no Trustee expenses havo been in¢urred (2024- £NIL).
Page 20

THE WALKER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
FIX￿ a$•et Inv•8tm•nts
Llstod
Inv•stments
Cost or valuatlon
At 1 April 2024
Add￿lOn8
Disposals
Revaluations
6.928.230
2.834.119
12,776.4101
102,008
At 31 March 2025
7,087,939
Net book valuo
Al 31 March 2025
7.087.939
Al 31 March 2024
6,928,230
Dfjbtorn
2025
2024
Du• wlthln on? year
Prepayrnents and accrued Sncome
12,714
8,261
12.714
8,261
10. Credttorn: Amounts f•lllng duo wlthln one year
2026
2024
Other creditors
Accruals and deferred in¢ome
Grants accrued
6,853
3.990
23.500
6, 138
3,540
36.000
34,343
45,678
Page 21

THE WALKER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11.
statement of funds
Statement of funds . current year
Balancè at
31 March
2025
Balance at 1
Aprll 2024
Gainsl
(Losses)
Income Expenditurè
Unrestrlcted funds
General Funds
6,820,478
139.940
1209,6831
128,778
6,879,513
Restrlcted funds
Aclon Reynald Fund
519,290
10.364
12,8361
10,456
537.274
Total of funds
7,339,768
150.304
1212,5191
139,234
7,416,787
Restricted funds
The Charity has funds which were given lo Ihern by the Aclon Rgynald Educational Trust for the specifi
purpose of assisting Shropshire Girls in private education. The movement in the year related lo
investment income, Charges and valuations.
statement of funds - prlor year
Balance al
31 March
2024
Balanc8 81
1 April 2023
Trnnsfe
in/oul
Gain
(Losses)
Income Expendilu
Unre$trlctod
funds
General Funds-
all funds
6, 196.676
160, 725
{110,224J
3,660
569,64 1
6,820.478
Restricted
funds
Reslricled Funds
all funds
478,846
19,713
(11.620)
(3,660)
44,011
519,290
Total of funds
6,675,522
172,438
(121.844J
613,652
7,339, 768
Page 22

THE WALKER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
12. Analy8E8 of not a8s0ts betw•en funds
Anaty¥l¥ of net a•sets betwe•n funds . currnnt ye•r
Rostrlcted Unrnstrfctsd
funds
fund8
2025
2026
Total
funds
202S
Fixed asset investments
Current assets
Credltm due wthin one year
495,054
42,220
6,592,885
320,971
134,3431
7,087,939
363.191
134.3431
T*)tal
537.274
8,879,513
7.416,787
Analy$l8 of not assets between fund• . prlor y8ar
Restncled Unrestricled
funds
funds
2024
2024
Total
funds
2024
Fixed asset investments
Currgnl assets
Cradilors due wlhin one year
487,402
31,888
6.440,828
425,328
(45,6T8)
6,928,230
457,216
f45,678?
Total
519,290
6,820,478
7,339,768
13. Rolatod party transactlons
The Tru8t ha8 not entered into any related paty transaction during the year, nor are there any
oulstandlng balances owng b8tsveen related parties and the Tru81 at 31 March 2025.
Page 23