REGISTERED CHARrrY NUMBER: 278582 THE WALKER 597 TRUST ANNUAL REPORT AIYD FINANCIAL STA TEMENTS FOR TIIE I AR Eyk DED S APRIL 2022
THE WALKER $97 TRUST CON'I'EN13 Page Report of the I,ru5. Independent Examinef5 Rewwt Statement of Tr"inancial Activiii&s Bklance She Notes to the Financial Statements 6-10
THE WALKER 597 TRUST REPORT OTr"I'HL TRIISTLES FOR THE I'EAR £LYDED 5 APRIL 2022 Jr linancial sr8tetneAcs have been Prepared in accordan£e wÈih the accouncing p)lÈues sd our in note I to the financial Statements and comply with the chattty'5 trust decd. the Chatities Art 2011 and Accountin.4 and Reporting bv ChaIities: Statement of Recommended Pr&ctice applicable to chariiies preparing tlieir accounts in accordance 1th the Finaneial Reporting Standard applicable the UK and Republic of Iteland {FRS1021 (effective l January 2014)) BEFERENCE.LP4D.4DMIWISTK4TI¥£ DET.4]LS Registei'ed Chrity" number 278582 Princip81 addres8 Lodders 16 "£h Street Henley in .4rden Warwckshire DYJ Jtb Trustees Rosalind Helen Rowett Kenneth Hughes Sheila Ann Kitchen Amanda Burford {appointeAI I l August 2021) Nicola Helen Sthnsbie (appointed 11 .4ugust ?021) David Ansell Miknlielle SiAu-lin8 De2 kndepeiiueDt Exatniller Charlotte Toemaes Bsc FCA E]lacotts LLP Countrywide House 23 West Bar Banbury O.YI 6 9S.4 Bankers T InvA£ RAnk nlr 17 (ieorge Street Taniworth Stafford5hire Bjg IL, knvtttMe¢ Managers FFfT HArri¢ AIIAXV 33 (ireat Charles Street Bimingham B3 3JN OBJEcrtVES Af4D AcfiviTIES Thp nhipei nf the ehAritv IE tn hpnpfit Thi£ IE ArhieveA hv mqkino rpfflilAr nVMentg in a qeipeilnrt nf rhAritie which work io Provide animai Tirare. GRANT MAKING POLICY Til¢ Ti"ubtrrs Iiavr (irlri'ii)j41¢d tv ithi>idr¥ apgpiiiaiiojb for ii)¢tkr ¥ra411b 4ippf%ipftalt tii clidritsble IlIUli01iS with spKial regard5 to chatÈties working io promote the health and wdfare ot aDinials. ACHIEI'EM£f'T D PERFORNIANCE The Trustees meet quaneriy io discuss new applications for a grnnt and io monitor ihe perforniance of charities to whom a grani is rnade on a rolltng proqtanllne by Feleietjce io peti(MJic new51ellers, etc. The chariiy has acm.eved its objectives jf that t5 have beep..4Lydp tQ 5QEne op.e biin - pr0MMe and tn nther¢ on a'c)ne-Qt bASiS. Inconie to tund the grants 15 der1.ed trom inkesirnent5 and donations FINANCtAL REVtEW A laT4e capital account exÈ515 tgfiuth¢r (l>jectiV¢5 ofth¢Ttu. A g(Kxl income is obtsined from the investments. Propety is owrt¢xl by the Tj'ust and will be si)Id in tirne to provide addilional IAwitsi. In the meanlinJ¢ il is neLessary io ensure ihe Trust has sufficient fijnds to meet any urgent need5. The Tru5tee5 are satisfied that the present level of reserve5 l5 appiopriate to its needs. Page I
THE WALKER 597 TRUST
REPOk'f ov'i"HL"I"RUSI'LKS
FOR TUE I'E.4R EIIDED 5 APRIL 2022
RISK MANAGLMLNT
The ttustees have a duty to identify and rewew the Tisks to wlll"¢h the chlty is exposed and to ensure appropriate controls
are in pl&Le to provtde ieaqon&ble Bssutance 4lst Iraud aAd wr(.
RESERVES POLICY
Tli.e tDIEtpps' cnnEjAeF Lhe Ile1 nf teserves held b)T trth.e nl]2ll"tv to be gJfficient for its needs.
PUBLIC BENEFIT
Thp Tniqlep% h.?vp rfiip w¥rA tn ffliiA%nrp Diihli£hpA hw the fnmmi<¢inn ntt rnihlir hgttpfit
STRL'CTL'RE, GOVERNANCE Af4D MknYAGEMEh
Governing docmment
Tl)t NN'alkÈ' J9J T1.1 i> knOS)trl4luÉ b) a tkd ofTrubi dat 16 1919.
Recruitment YlDd appDiutmeDt of trustees
TnittèP VArAnr¢pg xrp fillpH hv i)IviAlinn frnm thp PYi
Ir4DEPENDENT EXAMINER'S REPORT TO TUE TRIISTEES OF THF iV&T £11? TlTT I ieport to the charity trustees on my eXami10n of the acc(mts of the chlty for the year ended 5 Aptil 2022 which are Set out on pa8¢5 4 to 10. Responsib¥lities #nd basis of report A8 the charity's trusiees you are [[m}nsIble for the preparaiion ofthe accounts in &icordance with the r¢quiren)ents OF the Charities .4ct 2011 ('Ihe.4ct') I report in re5VCt of my examfftnation of the clarity's let.t& ciryied (Krt under sectinn Id5 nfthp.4ct and in caFn,iip. out my eyaminaiion I hafve followed ati the applicable Direction5 g1c the Charity Comn)i55ion under section 145(5Xbl of the Act. IDdepeDdeDt exaler$ ststeEnenl I have completed my exttminatioll. I confitm thai no material mallers have cometo mv attention in connection with the examination givins me uu5e lo believe ihaf in any n)alerial respeci.. i. atsbvuitujtg w¢t¢ Jivt N¢yi iit iLWt VI Iiir iiiaiiiy Iwiui¥ii ily sr¥wuii IJV vi ttir ALI. VI 2. the accounts do not accord wryth those records. or 3. the accounts do noi compl} with ihe applicable reqUireMets Conning the forni and content of accounts set out i the Charities {Ac¢ounts and Repons) Regulations 2008 other than any wuirernent that the accounts wve a'true and fair view. which is noi a matter considered as part oran independent examination. I have no concerns and have come across no other mattels in contli0n with the examination to which anention Should Np Arjwn in th0 rpnnrt in nrAw tn r4mnPr nf thp tr hp rpjrlw_l Charlotte Toemaes FCA Chartered ACCountats & Statutory Auditor Countrywide House I'¥)t Bat Banbury Oxfordshire OX16 9SA Date". 03102123 Page 3
THE WALkTR $97 TRUST STA1'EI¥IENT OF FINANCIAL ACI'lVI'riEs FOR TILE I'EAR ENDED 5 APRIL 2022 242 2021 Unmtricted Unrestricted Fund5 Funds INCOMING RESOIFRCES Incoming resource5 frotn gener4ted fuDds on#tio.rys Intre5tment incoTne 39.067 Totsl Rntomxng reM>urtes 36.665 39.07? RE8oifRCES EXPENDED Costs of raisinrr funds- Investment manager5 fees CharitAble activities vtre¢r bnariiaDie expen(iiture Governance c05tS 11.396 10.165 2.744 TotAI resourees eipellded 65.IMO 82.709 I LT Ivb i 0tTl IYJ,i?J i j Other recognised gainsnosses Gwns on inv¢stEnent assets 51.4.57 ?53.777 Net movement in funds 23.082 210,140 RECONCILIATION OF FUNDS Total funds brought forward 1.898.735 1.688.595 TOTAL FUNDS CARIUED FORWARD 1.921.817 1.898.735 Page 4
WALKER 597 TRUST BALANCE SHEET AS AT5 APIUL 2022 2022 2021 Notes FIXED ASSETS Tans>ible Investments tnvestment property 291 941.49$ 130.(X>O 541 8Q4.535 liO.000 10 .07i.786 1.0?5,076 CURRENT ASSETS Debtors Cash at bank 48.1.481 366.000 49i.667 382.632 849.481 876.299 CREDITORS Amount5 rling due within one year 12 (1.4501 12.640) NET CURRENT ASSETS 848.031 873,659 TOTAL ASSETS LESS CURREliT LIABILITIES 1.921.817 1.898.735 NET ASSETS 9?1 %17 1 89117A4 13 Unrestritted tunds 1.921.817 1,8y8 735 TOTAL FUNDS 1.921.817 1898,735 The financial statements were approv by tIK Board of Tntstees on ... behalt by.. . and were signed on its Kenneih Hughe5-Ttuste¢ RotTl Hele Stee Page 5
THE WALKER 597 TRUST NOTES TO I"HL TrINAIYCIAL STATEMENTS FOR THE I EAR DED S APRtL 2022 ACCOLIE TLIG POIICIES Accounting couvtntion going conctr Thpqp finAnr1] Etnient% hAvp hppn nrpnArpA in AernrAanrp wth thp rhAritv'E tnift deeA the fhAritiw Arr ?nT I and "Aecountins and Rewwting by Charitse5". Staiemeni of Recommended Ptactice applicable to charities prepaTing theii accoutjts in accordance 1th ihe Financial Rep(KtiThy Standard applicable in the UK alld Republic of ttelartd IFRS 10?) (effective Jattuary 2019)". The Trust collstitute5 a Public Benefit Entity as defjned by FRS The accounts are prepared in e[lin& Nvhich is the funclionai currency of The Wker 597 Ttust. Monetary mniin£ lhpfp EAtpmpnR MIAPA In th< ¥Wrt ¢ Al the tillie of approvitTrg the financial staieiiients. Ihe trusiee> hae a reasonable expectaiion thai Uie charily has adequate resources lo coniinue in existence for the f(Yeseeable and therefore continu¢ lo adopt the going ui1L¥iii ba¥is L>f&LLWiiiiIi¥. The principal accounting polici&% adopted are set wt bdow. IDcomiDg resources Ail inLoniin¥ ieswrces are Éncluded on the Sialenienl of FinanLial ALlivilses when the chaiilv is eniiUed to the income. it is prd)able that the inc0e will be receiv and the am(nt can be quantified with reasonable accuracy. Resourfes expended Liabilities are iecoxnised &% expenditure as 5(KJn as there is a le or constructive obligation committinR the charity to that eXpendIre. Expendtture is accounted for on an acctuais basis a1 has been classified under headinss that ag8regaie all cost relaied io ihe category. Wheie costs can[t be dtrectly attributed to particular heading5 they hBv¢ been ailoc8ted to activities on a basis consistent wth the us¢ of resources. Grants offered subjeet to colldititYLS ivbicb bave not bee met ai the jiear end d2te are notcd 2S & C9mmitllEep.* but not accrued expejidituje. Costs ofraoing funds The cosis of generating funds consist of investment management costs. Charitiable activities Costs of charitable activities include brnits ade and uovernance costs. gtiiie iixe(i ajsers Tangible fixed assets ate initia]Iy En¢a5UtEd at 5t and subsequendy measuted at Cosi net of depreciation and any impairment losses. Depreciation is tecog¥used so as tt> ThTite off the cost or Ytitiott of L48ets le55 th¢ir residual values over their Us¢ful lives on th¢ following bases". Computer equipment.. 3 years straight-line The gain or1055 arising on the disposal of an et is determin as the difference between the sale proceeds and Ili¢ Lairyin¥ valu¢ vfdle and is t¢iogni&gd in th¥ Jlatw)iuil VJ iinanLiai oLtiviiits. Fixed asset i&vestmeDts Tnvg£tTnpntq Hrp g fnrm nf hA4if finAnria! in¢lnirnpffj jrp !Tliti#llv rPr[nI!A At thpir vAliip subsequently tneasured at their fair value as at the balance sheet date using the closin8 quoted market price. The stateTrient of finatJcia] &ctivitie5 ill¢ludes the net gains and losses atS5ing on ievalu&tion and disposa]s throu8hi>ut the year Rexlised gaing and losses I gains and losses are taken to the Ststemenl of Financi Activities as they arise. Realisl.4ains and 1055e5 on invesiiiienis are ialculaied &8 t]ie dilTer¢lloe bette0 iales pr<Keeds aiid Ilieir openin8 cArrying vue OT their purchase value if acquired subsequent to the fit5t day of the financial year.
Unrealised gains and losses are¢alclat as thedifferencebet¥¥ten the fairvaiue atthe year end and iheir carrying vAliiP R•Als¢pd 9t iinrp91i¢pA ir¢Vrt+mw IAo¢èt IDve5tt&eDt property The investment propety is hdd ai valuation. -l&xation The chatity És exempt from tAx on its critable &ctiviti¢& Fund accounting Unre5tTiCted fuTrds can beused in acconlance with the chatitable (knjeaive5 at the dietIOn ofthe tru5tee5. There are no r-stJictod FJp.ds. DONATIONS ?n?? ?n?I Donations 12 INVESTMENT INCOME 2022 2021 Rents received 53 52 Bank interest 4.i74 8,3.53 i6.65i 39.067 CHARITABLE AcfI¥TrtES cosrs 2022 2021 Grants made during the peTiod 50.900 68,600 Dunng the year 16Y donaboDs Qt" £3(MJ were made to animal chariiies in order io litrther the obJectiYe5 Ot. the charity in benefiting animal wdfare {2021.' 231). A one off dollatiou of £5(K) wa5 also made12021.' one). During thp v*Jr rW AnTh**¢nn rpthirnpA f?n?l. fn] GOVERNANCE COSTS 2022 2021 Professiona) fees AILoun¢an¢y Fee¥ Depreaation Miscellanwu5 44 .450 ?$0 2.416 ?08 2.744 i.944 Governance cosÉs include payments to the independent examinets of £1.450 {211. £1.3201 for independent Page 7
THE WALKER S97 TRUST No'rES TO'I'HE FiP4ANCIAL STATEMEN'I'S- CON'I'INUED FOR TtIE I'EAR EN'DED 5 APRtL 2022 REIATED PARTh, Tknlj SAcfioiJ S AIID TRbSTEES' REiltbTrlRATIOIN AIND EXPEJNSES Tlie irustees a]1 give freely their tÉme and expertise without any fonn of remufteTatiOTr or gther l)enefit in cash or kind EMPtl,EES Theit were uutinu the yui j20LI. Dulle). TANGIBLE FLXED ASSETS fnmniitpr Equipmem COST Ai 6 Apiil L021 Additions tisposa15 749 Ai 5 April ?0?? 749 DEPRECIATIO.%' AT 6 April 2021 Charge On disp05als 208 250 At 5 April 2022 458 CARRYING VALUE At S AnTiI ?n?? ?oi At i ApTiI 2021 FIXED ASSET tNVESTMENTS Investtnents MARKET VALUE AL v Apt"ii £O£l Additions Reva]u8tions Disposals 894.ii5 49.403 61.643 62.0861 At 5 April 2022 943,495 CARRTrING ALtiE 5 April 2022 943,495 At 5 .4pril 20?1 894.535 I hete wttre no invtritrnent ass5 oUlde Lne Page 8
THE WALKER 597 TRUST o'rks TO'I'HE Tr'INAIYCIAL S'I'A'I'EMLNTS- CONTINUED FOR THE I'EAR ENDED S APRtL 2022 io. N'ESTIllE&I4T PROPERTI. investment Pioperty MARKET VALUE At 6 ApTiI 2021 Additlolhs 30,0 Dispos&]s At 5 April ?0?2 130.000 CARRYING VALUE At 5 Anril 2n?? i in ()nri At 5 April 2021 130.000 The it)vestmeni properties hdd are listed belov¥" 2022 The Tot1& Main Road. Friskney 130,(KX 130.IK)O Atthough no externat valuation hys been undertakw the Tnjmees are of the opinitsn that th¢ curreni market value OI d]e proE)etEy 15 £liO,000. li. ANAYLSIS OF CURRENf ASSSETS DtrRTnkq: thMniiNT% VAL.!.INf: nTTF nNW VF&R 2022 2021 Oili¢i' arb.) 4Si.401 Ail Cuent assets in 2022 and 2021 relate to unrestrithed fund 12. ANALYSIS OF CURRENT LIABILTIES CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Othej. creditor5 1,450 2,64Q Ail creditors in 2022 and 9021 relate io unrestricted funds. Page 9
THE WALKER 597 TRUST NO'fES'fo THE FtNANCIAL SI'A1'LMEN'13_ CONTINIIED FOR THE I'EAR ENDED 5 APRIL2022 13. MOVEMENT IN FUNDS Net movement in funds Ai 614121 At 514122 General fund 1.898,7J5 23,082 1,921.817 TOTAL FLTNDS 1.898.73£ 1.991.817 Net movement in fund& included in the above 8re as follow5" IncoEning rces RewurLes expended Gains and {losses) Movenient in fund9 ITrett}rted funds Generni fund 36.665 {65.040) 51.457 23,Q82 TOTAL FUNDS 36.665 51.457 23.082 Pa8e 10