THE FRANCIS PIGGOTT WALKER CHARITY INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2023
PAGE 1 Report of the Trustees
2 Report of the Accountants
3 Income and Expenditure Account
4 Balance Sheet
Notes to the Accounts
5
THE FRANCIS PIGGOTT WALKER CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2023
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TRUSTEES: Rev Claudia Lupi (appt August 2022) Rev Nina Johnson (resigned August 2022) Mrs Christine Pepworth Mr Malcolm Calvert Mr Stephen 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 (2022: 29,317.44 shares) were held in the---------. Charities Official Investment Fund. These shares were valued at £544,497 (2022: £574,042).
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 TO THE TRUSTEES OF THE FRANCIS PIGGOTT WALKER CHARITY FOR THE YEAR ENDED 5 APRIL 2023
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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 2023.
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:
-
Accounting records were not kept in respect of the Charity as required by Section 130 of the Act; or
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The accounts do not accord with those records; or
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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
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THE FRANCIS PIGGOTT WALKER CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2023
| NOTE INCOME Rental Income 4 Charity fund Dividends EXPENDITURE Property Agents Commission Insurances Property Repairs Safety Certificates Legal Fees Honourarium surplus of income over expenditure |
2023 £ 12960 15972 28932 1555 1393 16984 - - - 19932 9000 |
2022 £ 17760 15755 |
|---|---|---|
| 33515 | ||
| 2131 1220 1427 - - - |
||
| 4778 | ||
| 28737 |
THE FRANCIS PIGGOTT WALKER CHARITY BALANCE SHEET AS AT 5 APRIL 2023
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| NOTES FIXED ASSETS Investments - Freehold Property 2 Charities Official Investment Fund 3 CURRENT ASSETS Bank Current Account Debtors CURRENT LIABILITIES Creditors NET CURRENT ASSETS TOTAL ASSETS FINANCED BY :- Brought Forward Charities Official Investment Fund: Movement in Market Value Surplus for Year Distribution to Beneficiaries |
2023 £ 16257 544497 560754 96559 3964 100523 - 100523 661277 695363 (29544) 9000 (13542) |
2022 £ 16257 574042 |
|---|---|---|
| 590299 | ||
| 101100 3964 |
||
| 105064 | ||
| - 105064 |
||
| 695363 | ||
| 636633 41743 28737 (11750) |
661277
695363
THE FRANCIS PIGGOTT WALKER CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2023
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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
3. 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.
4. STATEMENT OF RENT RECEIVED
| Property at: a. 48 Great Northern Road b. 50 Great Northern Road ====== 5. Remuneration paid to the Charities trustees or their Connections |
2023 2022 £ £ 8160 8160 4800 9600 12960 17760 ====== NIL NIL ====== ====== |
|---|---|
- Examination fee paid NIL NIL