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 Ch*rity" 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 n￿VMentg 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 I￿￿lIUli01iS 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 - pr0￿MMe 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 ch￿lty is exposed and to ensure appropriate controls are in pl&Le to provtde ieaqon&ble Bssutance 4￿l￿st Iraud aAd wr(￿. RESERVES POLICY Tli.e tDIEtpps' cnnEjAeF Lhe I￿le1 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)Ivi*Alinn frnm thp PYile Iut pieventi4)n and ud¢tylivJi uffittud and ocher irre8ularityes. Approved by tlie trusiees otl . signed on their bdiaif by". R05alind Pa￿2 Ir4DEPENDENT EXAMINER'S REPORT TO TUE TRIISTEES OF THF iV&T £11? T￿lT￿T I ieport to the charity trustees on my eXami￿10n of the acc(m￿ts of the ch￿lty 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 g1￿c￿ the Charity Comn)i55ion under section 145(5Xbl of the Act. IDdepeDdeDt exa￿l￿er$ 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 reqUireMe￿ts Con￿ning 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 cont￿li0n with the examination to which anention Should Np Arjwn in th*0 rpnnrt in nrAw tn r4mnPr nf thp tr* hp rpjrlw_l Charlotte Toemaes FCA Chartered ACCounta￿ts & Statutory Auditor Countrywide House I'¥)t Bat Banbury Oxfordshire OX16 9SA Date". 03102123 Page 3 THE WALkTR $97 TRUST STA1'EI¥IENT OF FINANCIAL ACI'lVI'riEs FOR TILE I'EAR ENDED 5 APRIL 2022 242 2021 Unmtricted Unrestricted Fund5 Funds INCOMING RESOIFRCES Incoming resource5 frotn gener4ted fuDds on#tio.rys Intre5tment incoTne 39.067 Totsl Rntomxng reM>urtes 36.665 39.07? RE8oifRCES EXPENDED Costs of raisinrr funds- Investment manager5 fees CharitAble activities vtre¢r bnariiaDie expen(iiture Governance c05tS 11.396 10.165 2.744 TotAI resourees eipellded 65.IMO 82.709 I LT Ivb i ￿0￿￿tTl IYJ,i?J i j Other recognised gainsnosses Gwns on inv¢stEnent assets 51.4.57 ?53.777 Net movement in funds 23.082 210,140 RECONCILIATION OF FUNDS Total funds brought forward 1.898.735 1.688.595 TOTAL FUNDS CARIUED FORWARD 1.921.817 1.898.735 Page 4 WALKER 597 TRUST BALANCE SHEET AS AT5 APIUL 2022 2022 2021 Notes FIXED ASSETS Tans>ible Investments tnvestment property 291 941.49$ 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 r￿ling 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¢ Ro￿tT￿l 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￿] E*￿t￿nient% 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 W￿ker 597 Ttust. Monetary mniin*£ lhpfp E*Atpmpn*R MI￿APA In th<* ¥Wr*t ¢ Al the tillie of approvitTrg the financial staieiiients. Ihe trusiee> ha*e 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 inc0￿e 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 eXpendI￿re. Expendtture is accounted for on an acctuais basis a￿1 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 Y￿￿titiott 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. Realis￿l.4ains and 1055e5 on invesiiiienis are ialculaied &8 t]ie dilTer¢lloe bet￿te0 iales pr