REGISTERED CHAIUTY NUMBER: 229861
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEN1ETr￿s
FOR THE YKAR ENDED 5TH APRIL 202S
FOR
THE WALTER HIGGS CHARITABLE TRUST
JRW Hogg & Thorbum LLP
Chartered Accountl￿tY
19 Buccleuch Street
Flawiek
Roxburghshjre
TD9 OHL

THE WALTER HIGGS CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2025
Page
Report of the Trustees
Independent Examiner's Report
ststement of Financial ActiTrTrties
Balanee Sheet
Notes to the Financial Statements
6 to 10
Detailed St*tement of Financial Aetivstie5

THE WALTER HIGGS CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5TH APRIL 2025
Thc trustccs prcscnt thcir rcport with thc financial statcmcnt8 of thc charity for the year ended
5ih April 2025. The ttuslees have adopted the provisions of Accouniing and Rcporting by Charitics.
Statement of Recomtnended Practice applicable to charities preparing their accounts in accordan¢e with the
Financial Reporting Siandard applicable in ihe UK and Republic of Ireland (FRS 1021 {cffective l January
2019)
OBJECTtVES AND ACTIVITIES
Objeetives and aetivities
Thc Trustees have the power to apply the incomc and capital of the Trust for such ¢h2ritabl¢ PUTPOSCS as the
Trust¢¢s shall from time to time in th¢ir ab501ulc discrction dctcrmine.
The Tntstees have continued throughout the year to suprx)rt a variety of charitable activities.
The Tnlstees confllm that they have referred to the guidance contained in the Charities Commission's
general guidancc on public bcnctit when reviewing the Trust's aitns and objectives and in planning future
activities.
Th¢ Tnjstees have paid due regard to guidance issued by the Charity Commission in deciding what activities
the Trust should undertake.
ACHIEVEMENT AND PERFORMAP4CE
Achievements and perform#Dee
The 'frnstees manage the investments of the Trust to produce an increasing real income over the long tenn,
Ihcrcby cnabling Ihcm to increasc thcir eharitablc giving ovcr timc.
FINANCIAL REVIEW
Financial review
Thc tTU5tees have made grants for charitabl¢ purp05¢5 ps shown in th¢ Stat¢iT]¢nt of Financial Activities. The
net assets of the Trust have remained similar io that of the previous year primarily due to A small increase in
the market value of the invcstments.
Reserves policy
Apart from invcstmcnl management ftts and the costs of the Independent Examiner. the Trust has no oth¢r
Losts which necessithte a reserves fifftd and th¢ Trust¢¢s hav¢ ther¢fore resolved not to maintain such a fund.
FUTURE PLANS
The Trust dims lo cotttinue to support a variety of ¢haritabl¢ b(Mlie5.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Goyerning documeDt
The charity 15 controlled by its govcrning document, a deed of trust and constitutes an unin¢orporated
charity.
AppDilltment of Trustees
Futurc Trustecs arc to be appointcd by resolution of the Trustces passcd at a special meeting.
Foundation and Administration of the Charity
The Waltcr Higgs Charitabl¢ Trust was founded on 18 Decembcr 1952 by Mr Walter Frank Higgs. It was
registered with the Charities Commissiun on 23 March 19()4.
Page I

THE WALTER HIGCS CIL4RITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5TH APRIL 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
229861
Principal address
Thc Dowcr House
Lidstonc Road
En510ne
Chipping Norton
Oxfordshire
OX7 4HH
Trustees
Kevin John Sclwyn Knott
NiLola Jane Knott
Emmajane Knott
I￿dependeTrt Examiner
Joannc Gibson
JRW Hogg & Thorbum LLP
Chartered Accountants
19 Bucclcuch Strcct
Hawick
Roxburghshire
TD9 OHL
Approved by order of the board of trusiees on L4July 2025 and signed on its behalf by..
Kevin Jo
Sclwyi
oti- Trustee
Pagc 2

INDEPF.NDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE WALTER HIGGS CHARITABLE TRUST
Independent examiner's report to the trustees of The Walter Higgs Charitable Trust
I I"¢porl t() the cliariN' trustees on m), ¢xamination ol. the accouiits of The Walter 14iggs Charitable Trust l(he
Trust) for the year ended 5th April 20?5.
Re$ponstbilities and basis of report
As the cliarity trustees ot. the Trusi vou ar¢ responsible for the preparation of the accounts in accordan¢¢ with
the requiremenls of the Charities Act ?01 I I'the Act,).
I report in respect of my examination of the TnJst'8 accounts carried out Linder Section 145 of the Act and in
canying oiii my ¢xainiiia(ioii I l)ave followed all applicable Directions ¥Tiven by the Charir), Cominission
under Section 145(5){b) nf ihe Act.
Independent examiner's statement
I have complct¢d m), examii)atioii. l ¢c)i)firin il)at iio Inaterial mailers hav¢ coiiie to Iny atteiition in
coi)nection witli the examinaiion giving me cause to believ¢ that in any material respecl..
accoui)ting records ivere not kept in respect ol'the Trust as required by Scctioii 130 of tl)e A¢t; or
tli¢ a¢¢oiints do nol accord witl) thos¢ r¢¢vrds; or
Ihe accuuiits do not eomply i￿1th Ihc applicable requirements concerninb the fromi and coiitenl of
accounts set out in th¢ C liarities (Accouiils and Repofls) Regjulations ?U08 other Ihaii any r¢qiEireiMent
thai ihe accoltnts give a true and fair view which is not a maner ¢oiisidered as part oran independent
exaii)1iiation.
I liave no concci'lls and liave coine a¢i'oss 110 other matters in coiine¢tioii with (he exainiiiation to wl)i¢h
attention should be drawn in (his report in order to enable a proper understaiidiiig ol- the a¢counts to be
reaLh¢d.
Joanne Gibson
JRW 14ogg & Tliorbum LLP
Cl)artered Accountants
19 BuLLleueli Street
Hawick
Roxburglishire
TD9 OHL
26ih August 2025
Page 3

THE WALTER HIGGS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YLiR ENDED STH APRIL 2025
2025
Unrcstricted
li]nd
2024
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
DonatiL)ns and Icgacics
Investment income
43,527
40,666
Total
43,527
40,684
EXPENDITURE ON
Raising ￿ndS
4,315
3,986
Charitable activities
Grant making
35,465
26.401
Tot*l
39.780
30,387
Net gains on invtstments
754
,985
ET INCOMF.
4,501
101,2S2
RECOP¥CILIATION OF FUNDS
Total funds bi"ought forward
1.443,776
l J42,494
TOTAL FUNDS CARRIED FORWARD
1.448.277
1,443,776
The notes forni part of these financial statements
Page 4

THE WALTER HtGGS CHARITABLE TRUST
BALANCE SHEF.T
5TH APRIL 2025
21125
Unr¢stri¢tcd
fund
2024
Total
funds
Notes
FIXED ASSETS
Investincnts
1,430,228
1.404.729
CURRENT ASSETS
Cash at bank
20,279
41,151
CREDITORS
Amounts. falling, due within one year
10
(2,2301
(2,104)
NkT CURRENT ASSETS
18.049
39.047
TOTAL ASSETS LESS CURRENT
LIABILITIES
1.448.277
1,443,776
NET ASSETS
1.448.277
1,443,776
FUNDS
Unrcstricted funds
1.448,277
1,443.776
TOTAL FUNDS
1.448,277
1,443,776
The financial statements were approved by th¢ Board of Trust¢es ond authorised for issue on LbJuly 2025
and w¢re signed on it% b¢half by..
5L4tr
Kcvi
John S￿]
knott - Ttijstee
The notcs form part of these financial statements
Page 5

THE WALTER HIGGS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2025
ACCOUIYTING POLICIES
Basis of preparing the financiol statements
Th¢ tinancial statements of ihe chdrily, which is a public benefit entity under FRS 102. have been
prepared in acLordance with the Charities SORP (FRS 102) 'A¢countin¥ and Reporting by Charities..
Statement of Rccoinmended Practic¢ applicable to charities preparii)b¥ thcir accouiits in accordanc¢
with thc Financial Reporting Standard applicabl¢ in thc UK and Republic of Ireland {FRS 102)
leffeciive l January 2019),, Financial Reporting Standard 102 'The Fit]ancial Reporting Standard
applicabl¢ in thc UK and Republic of Ireland, and the Charities Act 2011. The financial statcments
have been prepared und¢r thc historical cost convention. with the exception of investments which 2r¢
included at market value. as modified by th¢ rcvaluation of ccrtain assets.
Going eoneern
At thc time of approving th¢ financial statcmcnLs thc truslccs have a rea%onahlc CAPCCtation that the
Trust has ad¢quate resources to cotttinue in operational cxistcnce for the forebeeable lutur¢. Thus the
truslees Lontinll¢ tv adopt the going concern basis olaccounting in preparing the financial staiements.
Fin¥ncig1 repDrting standard 102- reduced di$¢losure exernplion5
The Lh￿tY has tdk¢D adv￿]tage of the following disclosure exemption in preparing th¢s¢ financial
statements. as pennitted by FRS 102 The Financial Reporting Standard applicabl¢ in the UK and
Republic of Irela]Id':
the requirements of Section 7 Statement of CL%h Flow5.
Ineome
All income is r￿OgnISed in thc Statcment of Financial Activities once th¢ charity has entitlement io
the funds, it is probabl¢ that the income will be received and the amount can be measured reliably.
Interest r¢ccivablc on funds hcld on deposii is sncludcd when reccivable and the amount can be
measured reliably by the tTUSt- this is nonnally upon notitication of the inlcrc5t P¢iid or payable by the
bank.
Expenditsre
Liabilities are recognised as expenditure as soon as there is a legal or ¢onstructive obligation
committing the eharity to that cxpcnditurc, it is probable that 8 transfer of economic benefits will bc
rcquircd in settlement ￿ld the amount of thc obligation can bc Ineasured reliably. Expenditure ig
dccounted foi on an accrua15 basis and has been classified under hcadings that aggregate all cost
related to ihe category. Where costs cannot be directly attributed to particular headings they hav¢
i*en allocaied to activities on a basis consistent with the use of regources.
Granis otTered subjcct to conditions which have not been met at thc year end date ar¢ notcd as a
commitment but noi ac¢n]ed as expenditure.
Tax¥tion
The charity is ex¢mpt froin tax on its charitable activities.
Fund accountiNg
Unrestricted fimds ¢an k used in accordance with the charitable obje¢tives at the discretion of the
tTUSt¢es.
Page 6
continued...

THE WALTER HIGGS CHAIUTABLE TRUST
YOTES TO THE FINAf*CIAL STATEMENTS- continlled
FOR THE YEAR EP4DED 5TH APRIL 2025
ACCOUNTING POLICIES- contillued
Financial assets
B￿lC fI￿ncid1 assets. including trade and other debtors and bank balances. are initially recognibed at
transaction price.
At the Cnd of each reporting period financial assets measured at cost are as5e.s8ed for evidence of
impaimjent. Any impaimicnt loss is rccognised in the Statctncnt of Financial Actii'iiies.
Financial assets are derecognised when the Contractual tights io the cash flows from the assei expire
or ar¢ s¢ttled.
Financial liabilities
Basic linancial liabilities, including trade and other creditors, are initially recognised at transaction
price.
Trade crcditors arc obligations to pay for goodq or setviccs that havc beeii acquircd in thc ordinary
ourse ot. business from suppliers. These are classed as current liabilities if paytnent is duc within onc
year or less. If not they are prcs¢nted as non-curr¢nt liabilities.
FinaneiAI liabiliti¢q ar¢ dcrccogniscd whcn the liability is cxtin¥ui.4hcd, that is when the eontr2etual
obligation is dischargcd. cancelled or expires.
DONATIONS AND LEGACIES
2025
2024
Donations
ITrIVESTMENT INCOME
2025
2024
Dividends
D¢posit account interest
43,323
204
40,666
43,527
40.666
Pag¢ 7
continued...

THE WALTER HtGGS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 5TH APRIL 2025
RAISING FUNDS
Investment management Costs
2025
2024
Portfolio rnanagcment
4.315
3,986
CHARITABLE AcfiviTIES COSTS
Grant
funding of
activities
{see note
Support
costs {see
note 7)
6}
Totsls
Grant making
34,265
1,200
35.465
GRANTS PAYABLE
2025
2024
Grant making
34.265
25,250
The total granls paid to itistiiuiions during th¢ year was &$
follows:
2025
2024
Arkleion Trust
Chipping Norton Theatre
DEBIL
The Angus Irvine Playing Fields Fund
Sobcll Housc
Westerkirk Library
Other
Spelsbury PCC
Exctcr Collcgc. University of Oxford
Moreton Show
GWCT
Langholm Playcar¢
4W Workshop
15,IJIK)
2,500
15,000
5,000
1,000
1.000
1.000
1.000
1,250
2,365
I,IJIK>
10.O(M)
900
750
750
34,265
25.250
Page 8
¢ontinucd...

THE WALTER HIGGS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 5TH APRIL 2025
SUPPORT COSTS
Govcrnance
costs
Grant making
1,200
Supwrt costs. included in the above, are as follows..
2025
Grant
making
2024
Total
activities
Independcnl cxaminevs fee
1.200
TRUSTEES. REMUNERATION AND BENEFITS
Thcrc wcrc no Iwstees, remuneration or other benefits for the year endcd 5th April 2025 nor for the
year ended 5th April 2024.
Trustees, expenses
There were no tsustees. expcnses paid for the year cnd¢d 5th April 2025 nor for the ycar ended
5th April 2024.
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 6ih April 2024
Additions
Revaluations
1.404,729
24,745
754
At 5th April 2025
1,430.228
NET BOOK VALUE
At 5th Aprtl 2025
1,430,228
At 5th April 2024
1,404,729
Th¢r¢ were no invebttnent asse15 outside the UK.
Pagc 9
continued...

THE WALTER HIGGS CHARITABLE TRUST
NOTES TO THE FINANCIAL STA TEMENTS- continued
FOR THE YEAR ENDED 5TH APRIL 2025
FIXED ASSET INVESTMENTS- continued
Cost or valuation at 5th April 2025 15 rcprcscnted by-.
Listed
investments
Valuation in 2025
1,430,228
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Other creditors
2,230
2,104
11. RELATED PARTY DISCLOSURES
Donations totslling £I5,{K￿ were paid to ArkLeton Tn￿t, of which Etnma Jane Knott is a uustee.
Emma Jane Knott did not take part in the deL'ision to colltinue to SUPFrf)rt Arkleton T￿￿t.
Page 10

THE WALTER HIGGS CHARITABLE TRUST
DETAILED STATEMENT OF FIYANCIAL ACTIVITIES
FOR THE IIAR ENDED 5TH APRIL 2025
2025
2024
INCOME AND ENDOWMENTS
Don*tions le￿tieS
Donations
18
Investment income
Dividends
Dcposit account intcrcst
43,323
204
40,666
43,527
40.666
Total incomlng resources
43,527
40,684
EXPENDITURE
Investment management eosts
Portfolio management
4,315
3,986
Charltsble #etlvlttes
Grants to institutions
34265
25,250
Support costs
Governance costs
Independent examinevs fee
1.200
Total resources expended
39.780
30.387
Iyet income
3,747
10.297
This page does not form part of the statutory financial statements
Pagell