## **M A C F A R L A N E W A L K E R T R U S T** Trustees: **D F WALKER C J S WALKER** Hon. Secretary: **Miss Sophie Walker 4 Shooters Hill Road Blackheath London SE3 7BD** ## **TRUSTEES’ REPORT ON THE YEAR 6 APRIL 2020 – 5 APRIL 2021** ## 1 FOUNDATION OF THE TRUST The Macfarlane Walker Trust was founded in 1963 by James Macfarlane Walker of Cheltenham, Glos for general charitable purposes and in particular for provision of facilities for recreation and social welfare in Gloucestershire; the relief of poverty and hardship among employees and former employees of Walker Crosweller & Co Ltd; the provision of educational facilities particularly in scientific research; and the encouragement of music, drama and the fine arts. ## 2 GRANTS AND DONATIONS A list of the donations made is included in the accounts. Total donations were £37,196. The Trustees continued their support for charitable activity in Gloucestershire, contributions to music students for instrument purchase and donating monies to causes where the Trust’s contribution will make a significant difference to the recipient. ## 3 FINANCE The Trust’s investment funds are invested in M&G Charifund units. The Trustees do not solicit funds from the public or other sources. ## 5 MANAGEMENT The Trustees during 2020-21 were: David Walker, a retired economist and grandson of the founder of the Trust. Catherine Walker, a public relations executive and great granddaughter of the founder of the Trust. The Trustees’ scheduled meeting for March 2021 could not take place. The Trust business was conducted by email. An AGM is scheduled for March 2022. Sophie Walker, daughter of David Walker, acted as Hon Secretary during the year. Accounts were produced on behalf of the Trustees by Raymond Carter & Co, Chartered Accountants. **REGISTERED CHARITY NUMBER 227890** THE MACFARLANE WALKER TRUST REGISTERED CHARITY NO: 227890 REPORT FOR THE YEAR ENDED 5 APRIL 2021 THE MACFARLANE WALKER TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES Charity law requires the Trustees to prepare financial statements for each finaneial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements, the Trustees are required to select suitable accounting policies and then apply them consistently-, make judgements and eslimales that are reasonable and prudent,. prepare the financial statements on a going concern basis unless il is inappropriate lo assume that the Charity will continue in existence. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the Charity. They are also responsible for safèguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. THE MACFARLANE WALKER TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES We report on the accounts of the Trust for the year ended 5 April 2021, which are set out on pages 3 10 6. Respectivè responsibilities of trusteos and examiner The charitls Iruslees are responsible for the preparation of the accounts. The charitys Iruslee5 consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 I'lhe 2011 AGt')} and that an independent examination is needed. It is our responsibility to examine the accoLJnts (under Section 145 of the 2011 Act)", lo following the pro￿dUreS laid down in the General D1￿ctionS given by the Charity Commissioners {uno5er Section 14515llbl of the 2011 A¢ll,' and lo slate whether particular matters have come lo our attention. Basis of Indèpèndent examiner's roport Our examination was carried out in accordance with the Ggneral Dirt¢lions given by the Charity Commissioners. An examination includes a revièw of the accounting records kept by the charity anol a comparison of the accounts presented with those records. 11 also includes consideration of any unusual ems or disclosures in the accounts, and seeking explanations from you as trustees Goncerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently we do not express an audit opinion on the view given by the accounts. Indepèndent examiner's statement In connection wrfch our examination. no matter has come lo our attent￿n.. 111 which gives us reasonable Cause lo believe that in any material respect the requirements lo keep accourhting records in accordance with Section 130 of the 2Q11 Act", and lo prepare accounts which accord w(th the accounting records and comply with the accounting requirements of the 2011 Act have not been met.. or 121 to which, in our opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Neil Carter FCA for Raymond Carter & Co Chartered Accountants Dartmouth, Devon Date.. 10 May 2021 THE MACFARLANE WALKER TRUST INCOME ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021 2021 2020 DDiidends and interest received 34,616.63 44,813.71 Bank deposit interest {grossl Less., expenses Bank charges Trustees administration expenses Accountancy fees 1,200.00 300.00 1,200.OC) 300.QO -1,500.00 -1.500.00 Nel income for year £33, 116.63 £43,313.77 The accounts were approved by the Trltslees on 10 May 2021 and signed on their behalf by- DAVID F WALKER Trustee THE MACFARLANE WALKER TRUST BALANCE SHEET AT S APRIL 2021 2021 2020 Investrllents At book value 653,003.00 653,003.00 (Market value at £14. 72) £790,231 £641,599 Balance at bank HSBC 3,889.69 7,808.92 £656,892.69 £660,811.92 Capital account At 5 April 2020 historic adjustment 660,811.92 160.25 657,517.15 660,972.17 657,517.15 Income for year 33,116.63 43,313.77 694,088.80 700,830.92 Less. donations made -37,196.11 40,019.00 £656,892.69 £660,811.92 THE MACFARLANE WALKER TRUST DONATIONS- YEAR ENDED S APRIL 2021 £2,196 Owen Ho - Audio Visual Equipment 2,196 £2,000 Leah Hallinon - Piccolo Millie Ashton Violln Rebecca McNaughl- Cello Layla Baratto - Oboe Gloucestershire Society st M2rtins-in-Ihe-Field Christmas Appeal 12,000 £1,S80 Gavin Swift- Recording equipment 1.580 £1,126 Sam Newbould - Flute 1,126 £1,000 Sirius Chau - FILJle Cotswold Riding tor the Disabled Ollie Hancock - Keyboard Dressability Jeremy Chan - Digital piano IT Schools Africa Julianna Anlczak- Cello bow Mothers For Mothers Charlton Kings Senior Citvzens Welfare Comr Nightline Association ENO Young Singers Prodigal Arts Changing Tunes Root & Branch Cirencester Housing for Young People Young And Free 16,000 £799 River Edis-smilh - Midi keyboard 799 £750 David Hewson.. digital sample library. 2 microphones 750 £700 Alisdair Pennington - Snare drum 700 £500 Jasper Perry- Clarinets service Lucy Callen - Keyboard Sam Reed - 2 microphones 1,500 £300 Crisis - Christmas Appeal 300 £245 R1ver Edis-smith - Microphone 245 37.196 THE MACFARLANE WALKER TRUST REGISTERED CHARITY NO: 227890 REPORT FOR THE YEAR ENDED 5 APRIL 2021 THE MACFARLANE WALKER TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES Charity law requires the Trustees to prepare financial statements for each finaneial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements, the Trustees are required to select suitable accounting policies and then apply them consistently-, make judgements and eslimales that are reasonable and prudent,. prepare the financial statements on a going concern basis unless il is inappropriate lo assume that the Charity will continue in existence. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the Charity. They are also responsible for safèguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. THE MACFARLANE WALKER TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES We report on the accounts of the Trust for the year ended 5 April 2021, which are set out on pages 3 10 6. Respectivè responsibilities of trusteos and examiner The charitls Iruslees are responsible for the preparation of the accounts. The charitys Iruslee5 consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 I'lhe 2011 AGt')} and that an independent examination is needed. It is our responsibility to examine the accoLJnts (under Section 145 of the 2011 Act)", lo following the pro￿dUreS laid down in the General D1￿ctionS given by the Charity Commissioners {uno5er Section 14515llbl of the 2011 A¢ll,' and lo slate whether particular matters have come lo our attention. Basis of Indèpèndent examiner's roport Our examination was carried out in accordance with the Ggneral Dirt¢lions given by the Charity Commissioners. An examination includes a revièw of the accounting records kept by the charity anol a comparison of the accounts presented with those records. 11 also includes consideration of any unusual ems or disclosures in the accounts, and seeking explanations from you as trustees Goncerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently we do not express an audit opinion on the view given by the accounts. Indepèndent examiner's statement In connection wrfch our examination. no matter has come lo our attent￿n.. 111 which gives us reasonable Cause lo believe that in any material respect the requirements lo keep accourhting records in accordance with Section 130 of the 2Q11 Act", and lo prepare accounts which accord w(th the accounting records and comply with the accounting requirements of the 2011 Act have not been met.. or 121 to which, in our opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Neil Carter FCA for Raymond Carter & Co Chartered Accountants Dartmouth, Devon Date.. 10 May 2021 THE MACFARLANE WALKER TRUST INCOME ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021 2021 2020 DDiidends and interest received 34,616.63 44,813.71 Bank deposit interest {grossl Less., expenses Bank charges Trustees administration expenses Accountancy fees 1,200.00 300.00 1,200.OC) 300.QO -1,500.00 -1.500.00 Nel income for year £33, 116.63 £43,313.77 The accounts were approved by the Trltslees on 10 May 2021 and signed on their behalf by- DAVID F WALKER Trustee THE MACFARLANE WALKER TRUST BALANCE SHEET AT S APRIL 2021 2021 2020 Investrllents At book value 653,003.00 653,003.00 (Market value at £14. 72) £790,231 £641,599 Balance at bank HSBC 3,889.69 7,808.92 £656,892.69 £660,811.92 Capital account At 5 April 2020 historic adjustment 660,811.92 160.25 657,517.15 660,972.17 657,517.15 Income for year 33,116.63 43,313.77 694,088.80 700,830.92 Less. donations made -37,196.11 40,019.00 £656,892.69 £660,811.92 THE MACFARLANE WALKER TRUST DONATIONS- YEAR ENDED S APRIL 2021 £2,196 Owen Ho - Audio Visual Equipment 2,196 £2,000 Leah Hallinon - Piccolo Millie Ashton Violln Rebecca McNaughl- Cello Layla Baratto - Oboe Gloucestershire Society st M2rtins-in-Ihe-Field Christmas Appeal 12,000 £1,S80 Gavin Swift- Recording equipment 1.580 £1,126 Sam Newbould - Flute 1,126 £1,000 Sirius Chau - FILJle Cotswold Riding tor the Disabled Ollie Hancock - Keyboard Dressability Jeremy Chan - Digital piano IT Schools Africa Julianna Anlczak- Cello bow Mothers For Mothers Charlton Kings Senior Citvzens Welfare Comr Nightline Association ENO Young Singers Prodigal Arts Changing Tunes Root & Branch Cirencester Housing for Young People Young And Free 16,000 £799 River Edis-smilh - Midi keyboard 799 £750 David Hewson.. digital sample library. 2 microphones 750 £700 Alisdair Pennington - Snare drum 700 £500 Jasper Perry- Clarinets service Lucy Callen - Keyboard Sam Reed - 2 microphones 1,500 £300 Crisis - Christmas Appeal 300 £245 R1ver Edis-smith - Microphone 245 37.196