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2022-04-05-accounts

THE FRANCIS PIGGOTT WALKER CHARITY INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022

PAGE 1 Report of the Trustees

2 3

Report of the Accountants

Income and Expenditure Account

Notes to the Accounts

5

THE FRANCIS PIGGOTT WALKER CHARITY (1) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2022

TRUSTEES: Rev. Nina June Johnson (Chair) Mrs. C. Pepworth Mr. M. Calvert Mr. S Turner

Charity Commission Reference Number: DJP/134574/L1

PURPOSE OF CHARITY

The charity arose from the will of the late Francis Piggott Walker. The Charity`s assets are to be applied for the benefit of needy Methodists in the town of Dunstable, Bedfordshire.

ASSETS HELD BY THE OFFICIAL CUSTODIAN FOR CHARITIES

The official Custodian for Charities holds certain assets on behalf of the Charity. This includes the following freehold properties:-

48 Great Northern Road, Dunstable, Beds

50 Great Northern Road, Dunstable, Beds

At the year end, 29,317.44 income shares (2021: 29,317.44 shares) were held in the Charities Official Investment Fund. These shares were valued at £574,042 (2021: £532,299).

INCOME AND CORPORATION TAX

The Charity is registered with the Charity Commission and is exempt from income and corporation tax.

On Behalf of the Trustees

………………………….. CHAIRMAN

REPORT OF THE ACCOUNTANTS (2) TO THE TRUSTEES OF THE FRANCIS PIGGOTT WALKER CHARITY FOR THE YEAR ENDED 5 APRIL 2022

Independent Examiner’s Report to the Trustees of The Francis Piggott Walker Charity.

I report to the Trustees on my examination of the accounts of the Charities for the year ended 5 April 2022.

Responsibility and Basis of Report

As the Charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2019 (‘the Act’).

I report in respect of my examination of the Charity Accounts carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent Examiner’s Statement

I have completed my examination, I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept in respect of the Charity as required by Section 130 of the Act; or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as a part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thus report in order to enable a proper understanding of the accounts to be reached.

Signed:

…………………………………………

John L. G. Darling, FCCA HIGGINSON & CO (UK) LIMITED 3 Kensworth Gate 200-204 High Street South Dunstable Beds, LU6 3HS

(3 )

THE FRANCIS PIGGOTT WALKER CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2022

NOT
E
INCOME
Rental Income
4
Charity fund Dividends
EXPENDITURE
Property Agents
Commission
Insurances
Property Repairs
Safety Certifcates
Legal Fees
Honourarium
surplus of income over
expenditure		 2022
£
17,7
60
15,7
55
33,5
15
2,13
1
1,22
0
1,42
7
-
-
-
4,77
8
28,7
37		 2021
£
19,0
25
15,3
51
34,3
76
2,34
0
1,13
7
565
545
-
-
4,58
7
29,7
89

THE FRANCIS PIGGOTT WALKER CHARITY (4) BALANCE SHEET AS AT 5 APRIL 2022

NOTES
FIXED ASSETS
Investments -
Freehold
Property
2
Charities Ofcial
Investment
Fund
3
CURRENT
ASSETS
Bank Current Account
Debtor
s
CURRENT LIABILITIES
Credito
rs
NET CURRENT ASSETS
TOTAL ASSETS		 2022
£
16,25
7
574,0
42
590,2
99
101,1
00
3,964
105,0
64
-
105,0
64
695,3
63		 2021
£
16,25
7
532,2
99
548,5
56
81,11
2
6,965
88,07
7
-
88,07
7
636,6
33
FINANCED
BY :-
Brought
Forward
Charities Ofcial Investment
Fund:
Movement in Market
Value
Surplus for Year
Distribution to
Benefciaries		 636,6
33
41,74
3
28,73
7
(11,75
0)
695,3
63		 518,1
07
100,0
37
29,78
9
(11,30
0)
636,6
33

THE FRANCIS PIGGOTT WALKER CHARITY

(5) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022

  1. BASIS OF ACCOUNTING

The accounts have been prepared under the historical cost convention modified to incorporate the market valuation of the Charities Official Investment Fund.

The accounts have been prepared in accordance with financial reporting standard for small entities and the Charities SORP.

There has been no change to the valuation rules and methods of accounting.

No changes have been made to accounts for previous years.

2. FREEHOLD PROPERTY

The freehold property consists of two houses in Dunstable. An independent valuation in February 2019 provided the following values for these properties:-

48 Great Northern Road £250,000
50 Great Northern Road £250,000
  1. CHARITIES OFFICIAL INVESTMENT FUND

Monies which are not required for the immediate needs of the charity are, under the Charity`s Scheme, invested in the Charities Official Investment Fund. The units in the Fund have been included in the balance sheet at market value.

  1. STATEMENT OF RENT RECEIVED

----- Start of picture text -----
2022 2021
£ £
Property at:
a. 48 Great Northern Road 8,160
8,700
b. 50 Great Northern Road 9,600
10,325
17,760
19,025
======
======
5. Remuneration paid to the NIL NIL
Charities trustees or their
Connections ======
======
6. Examination fee paid NIL
======
----- End of picture text -----

  1. Examination fee paid NIL ======