REGISTERED CHARITY NUMBER: 229861
REPORT OF THE TRUSTEES AND
itNAUDITED FINANCIAL STATEMENrs
FOR THE YEAR ENDED sfH APRIL 2024
FOR
THE WALTER HIGGS CHARITABLE TRUST
JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Streel
H&wick
Roxburghshire
TD9 OHL

THE WALTER HIGGS CHARITABLE TRUST
CONTENTS OF THE FINANCL4L STATEMENV6
FOR THE YEAR ENDED sfH APRIL 2024
Page
Report of the T￿￿te¢S
Independent Exgminer's Report
S¢atemen¢ of Flnancial Adlvities
Balanee Sheet
Notes to the Financial Statements
6 to 9
Detsiled Ststemellt of Fin*n¢ial A¢tiviti¢s
10

THE WALTER HIGGS CHAIUTABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5TH APRIL 2024
Th¢ trustees present their report with the financial statements of the ¢harity for the year end
5th April 2024. Th¢ trustees have adopted the provisions of A¢wunting and R¢porting by Charities:
Statement of Recommended Practi¢¢ applicable to charities preparing their accounts in ￿0rdaftCe with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effe¢live l January
2019),
OWECTIVES AND AcfIviTIES
Objective4 and activities
The Trnstees have lh¢ power to apply the income and capitsl of the Trust for such charitable purposes as the
Truste¢s shall from lime to time in their absolutc discretion deternline.
The Trustees have continued throughout the year to support a variety of charitsble activities.
The Trustees Confirn) that they have refertrd to the guidance contained in the Charilies Commission'5
general guidance on publi¢ benefit when reviewing the Trnst's aims and objectives and in plannin8 future
activities.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities
the Trust should undertake.
ACHIEVEMENT AL¥D PERFORMANCE
Achievements and performance
The 'l"rustees manage the investments of the Trust to produce an increasin8 real income over the long temi,
thereby enablin8 them to increase their charitable giving over tim¢.
FINANCIAL REVIEW
Finxneial revie
The trustees have made ￿tS for charitable purrK)ses as shown in the Statement of Financial Activiti¢s. The
net assets of the Trust iiiLr¢ased by 7.5fj/0 over the year to £1,443,776 primarily due to th¢ increase in the
rket value of the investments.
Reserv&s policy
Apart from investment manag¢inent fees and the ¢osts of the Independent Examiner, the Trust has no other
costs which necessitate a reserves fund and the Trustees have therefor¢ resolved not to maintain such a fund.
FtrruRE PLANS
The I'rnst aims to continue to support a variety of ¢haritabl¢ bodies.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing do¢umen¢ a deed of trum and constitutes an unincorporated
charity.
Appointment of Trustees
Future Trustees are to be appointed by resolution of th¢ Trustees passed al 4 special meeting.
FoundAtioD and Admini8trntjOD of the Charity
The Walter Hi￿8 Chai'itsble Trusl was founded on 18 December 1952 by Mr Walter FI￿k Higgs. It w&s
registered with the Charities Commission on 23 March 1964.
Page I

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INDEPENDENT EXAMllYER'S REPORT TO THE TRUSTEES OF
THE WALTER HIGGS CIIARITABLE TRUST
llldepelldent examiner's report to the trustees of The Walter Higg5 Ch4ri¢4ble Trllst
I report to the charity trustees on my examination of the accounts of The Walter Higgs Charitsble Trust (the
Trust) for the year ended 5th April 2024.
Responsibilities and basis of report
As the charity trusl¢¢s of the Trust you are responsible for the preparation of the ac¢ount5 in accordance with
the requirements of the Charities Act 2011 (Ihe Acr).
I report in respect of my examination of the Trust's accounts carried oul under Section 145 of th¢ Act and in
carrying out my examination I have follow¢d all applicable Directions givcn by th¢ Charity Commission
under Section 145(5)(b) of the Act.
Independent eA2miner's slateD)eJ)I
I have Completed tny examination. I confirn) thai no material matters have come to my attention in
connection with the examination giving me cause to believe that in any mat¢rial respect-
accounting records were not kept in respect of the Trnst as required by Section 130 of the Act; or
the accounts do not accord with thos¢ r¢wrds' or
the accounts do not comply with ihe applicable requirements concerning the forni and content of
accounts set out in rhe Chariti¢s (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a true and fair view which is not a matter consid¢r¢d as part of an independent
examination.
I havc no concerns and have come across no other matters in wnnection with the examination to which
attention should be draw￿ in this report in ord¢r to ¢nable a proper understanding of the accounts to be
reached.
Joanne Gibson
JRW Hog8 & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 OHL
3rd August 2024
P88¢ 3

E WALTER HIGGS CHARITABLE TRUST
STATEMENT OF FINANCIAL A￿IvrrIEs
FOR THE YEAR ENDED 5TH APIUL 2024
2024
Unrestricted
fund
2023
Total
funds
Notss
ll¥COME AND ENDOWMENTS FROM
Donations and l¢ga¢ies
18
tDvestm¢nl income
40.666
39,710
Totsl
40,684
39,715
EXPENDITURE ON
Raising funds
3,986
3,863
Charitable 8¢tivities
Grant making
26,401
28,876
Total
30,387
32,739
Net gainsl(losses) on investments
90,985
(97,648)
NET INCOMEI(EXPENDITURE)
101,282
(90,672)
RECONCILIATTON OF FUNDS
l otal funds brought fonward
1,342,494
1.433.166
TOTAL FUND.S CARRIED FORWARD
1,443,776
1,342,494
The notes forn) part of these fmancial statements
Page 4

ITIE WAI,TEIt Ill￿ CllAiirrABIKTrL¥
SllEkY
sni APRlI.2a14
24
1.4L¥.7_Q9
1291711
41.151
$17fhS
CkF:OITOIi8
r￿m8 th¢ WiibiRaKTrar
ID
(iJo4)
39.047
49,776
IIABlI.rriES
1.44rn lJ4W
NrfASSfr.YS
1.443.fifi
iJ41494
Fl.￿.￿8
1.4V.T16 IJo494
TQtAL FUYDS
1,443.f*6
lJ4l494
Syd Ay¢wt2024 SigLvI l¥&bdf by..
ID JiJFm

THE WALTER HtGGS CHAIUTABLE TRUST
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2024
ACCOUNTING POLICIES
Basis of preparing the financial Statements
The financia] statements of the chArity, which is a public benefit entity under FRS 102. have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charilies".
Stat¢ment of Recommended Pr&ctice applieabl¢ to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(eff¢¥tiv¢ l January 2019),, Financial Reporting Stsndard 102 The Financial Reporting Si&ndard
applicable in th¢ UK and R¢public of Ireland, and the ch￿itIeS Act 2011. The financial statements
have b¢en prepared under the historical cost convention. with the exception of investments which ar¢
included at market value. as modified by the revaluation of certain assets.
Finan¢io1 reportillg standard 102 - redueed disclosure exemptions
The charit>. ha5 tsken advanlage of th¢ following disclosure exemption in preparing th¢s¢ financial
staiements, as p¢rn)itted by FR8 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland,:
lh¢ requirements of Section 7 Statement of Cash flows.
Income
All inwm¢ is recognised in the Ststement of FinBncial A¢tivities once the charity hAS entitlem¢nt to
the funds, it is probable that the income will b¢ received and thc amount can be measured reliably.
Expenditsre
Liabilities are recognised as expendityre as soon as there is a legal or constrnctive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will b¢
required in set¢l¢ment and the ajnount of the obligation ¢an be measured reliably. Expenditure is
accounted for on an accruals basis and has been ¢la8sified under hcadings ihat aggregate all cost
related io th¢ ¢al¢gory. Wh¢re costs cannot be directly attributed to particular headings they have
been allocated to a¢tivitiCS on a b85is consistenl with the use of resources.
Granls offered subject to condition5 which have not been met at the year end date are noted as a
commitment but not accrued as expenditur¢.
Taxatlon
Th¢ charity is exempt from tax oil its charitable activities.
Fund ACCOUntlng
Unrestricted funds can be used in ￿¢ordanCe with the charitable objectives at the discretion of the
twste¢s.
Going collcern
At the time of approving the finan¢ial statements the trustees have a reasonable expectstion that the
Trust has adequal¢ resources lo continue in operational existenc¢ for the foreseeable fitture. Thus the
Iruslees continue lo adopt the going concern basis of a¢counting in prcparing the financial ststein¢nts.
Page 6
continued...

THE WALTER HIGGS CHARTTABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- coDtillued
FOR THE YEAR ENDED 5TH APRIL 2024
DONATIONS AND LEGACIES
2024
2023
Donations
18
INVESTMEwf INCOIVIE
2024
2023
Dividends
40.666
39,710
RAISING FUNDS
Investment management costs
2024
2023
Portfolio management
3.986
3.863
CHARTIABLE ACTIVITIES COSTS
Grant
funding of
activities
(see not¢
Support
costs (see
note 7)
6)
Totals
Granl making
25,250
1,151
26.401
GRANTS PAYABLE
2024
2023
Grant making
25,250
27,820
Page 7
ntinued...

THE WALTER HIGGS CHARITABLE TRUST
Y40TES TO THE FINANCIAL STATEMENTS- colltinued
FOR THE YEAR ENDED 5TH APRIL 2024
GRANTS PAYABLF - continued
The total grants paid to institutions during the year was as
follows:
2024
2023
Arklcton Trust
Chippittg Norton Theatre
DEBRA
The Angus Irvin¢ Playing Fields Fund
Sobell House
Westerkirk Library
Other
The Branch Trust
Ewes Hall Committee
15.000
5,000
1,000
1.000
1,000
i.ooo
1.250
15,000
2.820
5,000
5,000
25,250
27,820
SUPPORT COSTS
Governan¢¢
costs
Grant making
1.151
Support costs: included in the above, are as follows-
2024
2023
Totsl
activities
Grant
making
Independent examiner's fee
1,151
1,056
TRUSTEES, REMUNERATION AM) BENEFITS
There were no trustees, remunerntion or other b¢nefits for the year ended 5th April 2024 nor for the
year ended 5th April 2023.
Trnstees, expenses
There were no trustees, expenses paid for th¢ year ended 5th April 2024 nor for the ye•r ended
5th April 2023.
Pag¢ 8
continued...

THE WALTER HIGGS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - eolltinued
FOR THE YEAR ENDED 5TH APRIL 2024
FIXED ASSET INVESTMENTS
Lisied
investments
At 6th April 2023
Additions
ReV￿UationS
,292.718
21,026
90,985
At 5th April 2024
1.404,729
NET BOOK VALUE
At 5th April 2024
1,404,729
At 5th April 2023
1,292,718
There were no investment assets oulsid¢ the UK.
Cost or valuation at 5th April 2024 is represented by..
Listed
investments
Valuation in 2024
1.404.729
10. CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2024
2023
Other creditors
2,104
2,992
11. RELATED PARTY DISCLOSURES
Donations totslling £15.000 were paid to Arkleton Trust, of whi¢h Caroline Anne Hi88s and Emma
Jane Knott are trustees. Neither individual look part in the deeision to continue to SUPFrf)rt Arklaon
Trust.
Page 9

THE WALTER HIGGS CHARTTABLE TRUST
DETAILED STATEMEiYf OF Fll¥ANCLiL ACTIVITIES
FOR THE YLIR ENDED 5TH APIUL 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and Icga¢ies
Donations
18
Investmenl income
Dividend.
40,666
39,710
Totsl IMcoming resources
40.684
39.715
EXPENDITURE
Inve5tmeDI management eostS
Portfolio management
3,986
3,863
Cbxritable Activities
Grants to institutions
25,250
27,820
Support eosts
Governan¢e eost8
Independent examiner's fee
1,151
1.056
Total resources expended
30.387
32,739
Net illeome before gains and los
10,297
6.976
Reali8ed recognised gaifjs and losses
R¢alised gains]{losses) on fixed asset
invesmients
{3,390)
Net incnme
10,297
3,586
This pag¢ does not forn) part of the statutory fmancial statements
Page 10