R•gisl•r6d Chartty No: 289605
THE WILUAM WALTON TRUST
Annual Report and Unaudlted Flnanclal Statements
For the year ended 31 December 2024
tc
accounts. tax . legal financial planning

THE WILUAM WALTON TRUST
Contents
Reports
Legal administrative information
Report of the trustees
Independent examiner's report
A¢¢ounts
ststement of financial activffies
ststement of financial position
Notes to thè accounts
9-17

THE WILLIAM WALTON TRUST
Reference and administrative inforniation
Patron
HM King Charles111
Trustees
John F da Luz Camacho
Alessandra Vincigu8rra
Caroline Howard
Olivia Hall
Registered Office
8g Judd Street
London
WC1H 9NE
Charity Registration Number 289605
Independent Examiner
Philip Clark
TC Group
6th Floor King's House
9-10 Haymarket
London
SW1Y 48P
Bankers
Charities Aid Foundation Bank Limrted
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

THE WILUAM WALTON TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report together with the fin8ncial statem8nts of The William Walton
Trust for the year ended 310ecember 2024. The financial statements have been prepared in
accordance with the accounting policies set out in note 1 to the accounts and comply with the
charlty's trust deed, the Charities Act 2011 and Accounting and Reporting by Chartiies=
Statement of Recommended Practic8 applicable to charities preparing their accounts in
accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland
{FRS102)' (effective 1 January 2019).
Structure, governance and management
The Trust is govemed by a Twst deed dated 30 May 1984 and is a registered charity, number
289605. The Trusl was established by an inillal glft from Lady Walton followlng the death of
her husband, Sir William Walton in 1983. Lady Wallon died on March 21, 2010. The Trust
doe8 not adively fundralse and seeks to continue Its work through ca￿fUl stewardship of
existing resources.
The Trustees are appointed by the Board and serve for three years after which period, they
may pul themselves forward for re-appointment. The Trust Deed does not state a limit to the
number of Truslees.
At the six monthly trustees, meetings the trustees agree the broad strategy and areas of
activity for the Trust, including consideration of grant making, investment. reserves and risk
management policies and p8rformance. The day to day administration of grants and the
pro￿SSIng and handling of applications is overse8n by the Trustees.
New￿ appointed trustees undergo an orientation session to brief them of their legal obligalions
under charity law, the content of the Trust Deed, and the decision making processes, the role
of th8 Administrator and recent financial perfomiance. Prior to taking up the post trustees meet
the key pet8ons associated with the wnning of the Trust.
Rlsk management
The Trust8es have assessed the major risks to which the charity is exposed. in particular those
relating to the spectfic operational areas of the charity and its financès. Tha Trustees believè
that by monttoring reserve levels, by ensuring controls exist over key financial systems, and
by examining the operational and business risks faced by the charity. they have established
effective systems to mitv3ats thosé risks.
Objectlves and actlvltles
The objects of the Trust are twofold..
General: The Trust aims. Ihrough the music of William Walton. t)oth to encourage education
projects in $¢hool$ and to develop the potential in young professional musicians at the start of
Iheir careers.
Speclfic..
1. To promote and establish excellence in the perfoThning arts {music, theatre, dance)
within the United Kingdom and abroad, with special reference to the music of William
Walton.

THE WILLIAM WALTON TRUST
REPORT OF THE TRUSTEES (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
ObJe¢tlvos and activities (¢ontinu•d)
2. To introduce the arts to the wldest posslble audience embracing all ages and
abilities.
3. To aid educational projects encompassing British music particularly for speThal needs
and inner city schools. where funding is restricted.
4. To develop a wide range of master classe5 covering all aspects of the arts under the
guidance of leading professional artists. In certain instances these will culminate in
public perfomance.
The objecls are accomplished through ccpoperating with org8nisations, promoting and
SF¥)nsoring MUs￿al events in the UK, and Master classes in It8ty, and acting as a source of
infomiation., specificalty..
1. To continue the development of the youth orchestra music festival at La Mortella held
during June and July, widening its scope to include ballel and staged or semi-staged
OP8ra. To this end. to forge contads with dancelopera association8 and local
(mainland) festivals to develop shared Inillallves. In addlllon, to enqulre about the
necessary structures and facilities for these kind of performances.
2. To explore the possibility of hosting master classes in ¢onjun¢tion with United Kingdom
and American institutions andlor key organizations that could develop a long-tem
agreement wtth us.
3. To continue to improve the Trust's webstte, especially the news and events secllons,
developing a strategy to ¢onslantly update the available infomiation and make il into a
worldwide ￿$Ou￿e for Walton scholars.
4. To develop projects in s8lected areas of the wodd where music is cultivated not only
as an artistic expression bul also as a mean to improve the quality of life and the social
awarer)ess of young people in marginal or troubled areas.
S. To continue lo host and organise chamber music concerts at La Mortella invofving
students from vari)us schools of music throughout the world.
6. To improve the facilitie5 of the Archive to make them meet demands from researchers
and scholars and explore possible dev6lopm8nt of tha facility.
The objectives for the year 2024 were:
To reopen William WaKon Mustc Rrx)m lo the publSc. organizlng a dlsplay of Archlve
material and of Lady Walton's obj'ects.
To start working on the merger be￿en the William Watton Trust and the William
Walton La Mortella trust.
To continue the organization of concerts and music festivals at La Mortella.
In reviewing our activities for the year and our plans for the future, we have had regard to the
Charity Commission's general guidance on publi¢ benefft.
Grant maklng pollcy
Grants are made to those bodies who request support in putting on productions of William
Walton's musi¢. Such productions are supported and monitored by the Trustees.
Those who benefit from the charity's work include young professional and amateur musicians,
young composers, aLKliences who attend concerts supported by thè Trust and stud6nts who
study the life and work of William Wallon.

THE WILUAM WALTON TRUST
REPORT OF THE TRUSTEES {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trust seeks lo ¢reate partnerships with other organisations that will develop opwrtunities
for its beneficiarie8. These projects may vary in content and duration. The Trust works hard to
embrace all realist￿ or4)ortunities.
The Trusl aims to develop a wide range of master classes covering all aspects of the arts
under the guidance of leading professional artists. The Trust wll Continue to develop La
Mortella as a performing arts and study centre for gifted young musicians under the guidan
of the world'8 leading teachers.
Achiovomonts and porforman¢•
The garden La Mortella In Ischla opened to the public on March 30th with the inauguration,
within the Museum, of Sir William Walton's recently restored 'music room,. which houses part
of the Walton archive. The dlsplay cases were organlzed to dlsplay some of the archlve's
significant Tlems: photographs, manuscripts, and memorabilia. Also in the musi¢ room. we
opened the pemianent exhibition dedicated to Lady Wallon, featuring her evening gowns,
accessories, jewellery designed by Andrew Logan, and her Ladyship's famous hat collectlon,
many of wh￿h were designed by Philip Treacy, the Royal Family's favourite milliner.
In 2024, La Mortella hosted 52 concerts. including a notable opening by pianist Giulio Biddau,
paying homage to William Walton. The season featured diverse chamber music. including rare
-piano perfornances by intemational duos, and solo piano Goncerts from top Italian and
intemational academies, highlighling young talents such as Pero Lin, Francesco Navelli, and
Magdalena Ho. Ensembles like Quartetto Acero and Trio Hemies perforned alongside
soloists like cellist Paolo Tedesco. The Greek Theatre concerts showcased local bands like
Ischia's Aurora Band. and prestigious orchestras including the Alfredo Casella Conservatory,
Cambridge University Jazz Orchestra. and the Youth Orchestra of Puglia, with notable
perfomiances of Strauss and Brahms. The fall season opened with Spanish violinist Jacobo
Christensen and British pianist Kyle Hulchings, Continuing La Mort8118's tradition of premier
classi¢al and contemporary perfomiances.
Through a serSes of meetings, email exchanges. and telephone calls, the Trustees consistentty
evaluated the potential merger ol the William W8llon Trusl with the William Walton and L8
Mortella Trusl (WWLMT). This ongolng dellberatlon was prompted by the Identical composition
of the goveming bodies and the substantial alignment of their respective missions, values,
objectives, and public reputations. As this discussion had been under continuous review for
several years, the WWLMT formally retained legal consuttanls al the end of 2023. These
consultants were tasked with providing fornal advice on the compatibility of the Gharilable
objects befv4een the kn entities and recommending the necessary steps lo proceed.
Following th8s8 initial considerations, a ¢omprehensNe due diligence exercise was
undertaken. This detailed investigation subsequently detemined that the proposed merger is
in the organization's b6St int6r&sts. Consequently, it was decided that a formal appllcation be
submitted to the Charity Commission se8king a Section 105 consent. This authorization is
necessary to pemitt the to transfer its assets and the WWLMT to grant an indemnity to
Ihe outgoing wwr trustees within the asset transfer agreement. Given that the boards o* both
Ihe WWT and WWLMT consist of the same individuals, the Section 105 consent is required
lo authorize the resulting ¢onflicts of interest inherent in the transaction.
Section 105 consent Was granted on 24 July 2024.

THE WILLL4MWALTOM fRUST
RepoKf OF THE TRUSTEES I¢ONTlWa))
y￿¢ £28,444 12023: £72,351) ir*JdObd. frfyY¢ ￿lfa*n V4•lion & i*
£nli12tr23.. ty).CWI ar•J In¥eAtrn¥rt vKcme 01£28 162 (2023. £21.IXI)
g I￿1￿￿￿￿1*￿£3,2I8.IQ1(2023,. £3,193.484).Th• TrU￿e￿1￿m￿l
gwJkB Th• otr*di¥o l• kn maxml*Wf*umty In￿ k* d•kgtylW.
polbw b lo IMw•fflrwdalr••our￿ to k*fvl•yth
lo bèm*J• fft In• with filure •
PL1￿ tr 2025
To fjwLz• of tho K*llrffj Tnwl fh*h th• bMIkn? W•kn wrtl 14
114lell4 Tn
Jthn F da Luz Camthi
Mnclguorrn
C&folm
John F O• c￿0¢￿)
Apprnv•d ty th• TnMI••ts Oh

THE WILUAM WALTON TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE WILLIAM WALTON TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
I report lo the trustees on my examination of the a￿Unts of The William Walton Trust (the
TNstl for the year ended 31 December 2024.
Rosponslblllllos and basls of report
As the charity trustses of the Trusl you are responsible for the preparation of the accounts in
accordance with Ihe requlrements of the Charities Act 2011 (Ihe Act,).
I report in respect of my examination of the Trusfs accounts carried out under s.145 of the
2011 Act and in carrying oul my examinalion I have followed 811 the applicable Directions given
by the Charty Commission und8r s.145{5)Ib) of the Act.
Inde￿ndent examlneVs ststement
I have completed my examination. I confim that no material matters have come to my attention
in connection with the examination giving me cause to believe that in any material r8SP8Ct.'
{1) a¢￿u￿tIng records were not kept in respect of the Trust as required by section 130 of
Ihe Act. or
{2) the accounts do not ac￿rd wilh those records" or
{3) Ihe accounts do nol compty wlth the applicable requirements concerning the form and
content of acLounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a Irue and fair view which is not a
matter considered as part of an independent examination.
I have no concems and have Gome across no olher matters in connection with the examination
to which attention should b8 drawn in this report in order to enable a proper understanding of
the accounts to be reached.
Ph
Ip Clark FCCA
6th Floor King's House
9-10 HayTharkel
London
SW1Y 4BP

THE WILLIAM WALTON TRUST
STATEMENT OF FINANCIAL ACTivrriES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unr•strlcted
Funds
2023
Unrestrlcted
Funds
Notes
Income and endowrnonts from:
Donations and legacies
Inveslments
Other
150
26,162
132
50,000
21.120
1.231
Total income and endowmonts
26,444
72,351
ndlture on:
Raising funds
Charitable activities
{9.032)
(50.387)
(9,000)
(69,047)
Total oxpenditure
159.419)
178,047)
Galns and lossos on Invoslmenls:
Unreallsed galnsl{lossesl on revaluation of
Investments
Realised gains on sa18 of investments
31,921
25,679
18,396
23,461
Nèt galnsl(lossès) on Investments
57.600
41.857
Not in¢om?Il•xpgnditure) and
Nol movgmenl In funds
24,625
36,161
Reconclllatlon of funds:
Balances brought forward
At 1 January 2024
3,193,484
3,157,323
BalanG95 carried forward
At 31 December 2024
3,218.109
3,193,484
l income and expenditure relate to th8 general fund. which is unrestricted.
The statement of financial aclivities includes all gains and losses recognised in the year.

Y•lLLIAM WALTON TRUST
STATEIIENT OF FIKANCL4L PO*TKIN
AS Af3f DECEIIBER 2024
10
2.1CIl.ICV)
1.076.045
2.142.858
1.OD3.&29
IrvesDnttts
3.184,145
8.146.e87
Debll>T8 wllhln )•r
12
43.oJg
Crndilov•'. Arrtwnt• tsllw du•
thln an• yw
13
10,7J2>
(9,732)
46,797
Toial •8ut• bo# thwMnlll•blllll¥
3.?18.1CW4
3,1•3,4B4
F4brt&" rn••p•••
Unreglrtho
3.218.101
3,193.414
Tts $￿￿nts w•r• •r•YO¥￿ by tha 1SOL*¢*Jor 2ts2S wgd on Ihw l>eh•Y
d•Lu
Cthia¢ho

THE WILLIAM WALTON TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounllng pollcles
Charity Infonnatlon
The William Walton Trust is a Charity registered in England and Wales. The reglstered
address is 89 Judd Street London WC1 H 9NE.
Accountlng convontlon
The accounts have been prepared In accordance with the Charity's trust deed. the Charities
Act 2011 and 'Ac¢ounting and Reporting by Ch8rilies: Statement of Recommended Practice
applicable to charities preparlng thelr accounts In accordance with the Financial Reporting
Standard applicable in the UK and Republic of IreLgnd (FRS102)" (8ffective 1 January 20191.
The accounts are prepared in steding, which is the functional Gurrency of the Charlty. Monetary
amounts in these financial statements are rounded to the néarest £.
The accounts have been prepared under the historical cost convention. The principal
aco)unting policies adopt8d are set out below.
Golng concèm
At the time of approving the accounts. the Trustees have a re8sonable expectation that the
Charity has adequate resources to continue in operational existence for the foreseeable future.
Thus the Trustees continue to adopt the going ¢oncem basis of accounting in preparing the
accounts.
Charltable funds
Unrestricted funds are available for use at the dISc￿tIOn of the Trustees in furthèrancè of their
charitable objectives unless the funds have been designated for othèr purposes.
Incom?
Incomlng resources are recognised in the period in which the charty is entitled to receipt and
Ihe amounl can be measured with reasonable certainty.
Wtlh the exception of voluntsry income arising from donations. all income is credited to the
statemenl of financial activities on an acGrual$ basis.
Donations are credited to the Statement of financial aotivities in the perfod In whlch they are
received.
Expenditure
Expenditure is included In the ststement of financlal actlvltles when Snujrred and includes
attributable VAT which cannol be recovered.

THE WILUAM WALTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Resources expendwj ￿mprISe the followlng:
a. Charitable activities Include grant Payments, which are Included In the statemenl of
rinancial aclivities when approved and when the inlende¢J wipient has either ￿CeIVed
the funds or been informed of the decision to make the grant and has salisfied all
related conditions. Grants where the beneficiary has not been infomied or has to meet
certain conditions before the grant is released are not 8ccrued for but are noted 88
financial commitments in the notes to the accounts.
b. Support costs relate to amounts paid to those involved in the office and administration
of the tharty.
Governance costs relate to accountancy f86s and other 8xp8nsès incurréd in the
management of the charity's assets, organisational procedures and the necessary
legal procedure5 for compliance with statutory requirements.
Cash flow
The accounts do not include a cash flow statement because the charity, as 8 small réporting
entty, is exempt from the requirement to prepar8 such a statement under Financial Reporting
Standard 1 "Cash Ilow statements..
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost less estimatBd residual value of each asset over its expected
useful life, as follows-
Land and buildings- 2% straight line
The trustees consider that no depreciation 18 charged on the land as it has an unlimited life.
Flxed asset Investments
Investments are ststed at market V81ue. The ststement of financial activities include the net
gains and losses arising on revaluation and disposals throughout the year.
Reallsed galns and lossos
All gains and losses are tsken to the statement of financial 8Ctivilles as they 8rise. Realised
gains and losses on investments are calculated as the difference between sales proceeds and
opening market value lor value at purchase date rf later). Unrealised gain5 and Ioss8s are
calculated as the differenGe belween the rnatket value at the year end and opening market
value lor value at purchase date rf later}.
Foreign curr•ncy translation
Monetary assets and liabililies denominated in foreign currencies are translated into sterling
at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies
are recorded at the rate ruling at the date of the transaction. All dIfferer￿eS are taken to the
profrt and loss account.
10

THE WILUAM WALTON TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Impairrnenl of flxgd assets
At each reporting end date, the Gharity reviews the carying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to
determine the extent of the impaimient los$ (rf any).
Recoverable amount is the higher of falr value less costs to sell and value in use. In assessing
value in use, the estimated future cash flows are discounted lo their presenl value using 8 pre-
tax discount rate that reflects current market assessments of the time value of money and the
risks specrfic to the asset for which the estlmales offthure cash flows have not been adjusted.
If the r￿verable amount of an asset is estimated to be less than its carrying amounl. the
carying amount of the asset is reduced to its recoverdble amount. An impairment loss Is
recognised immediately as incomel(expenditure) for the year. unless the relevant asset is
carried at a revalued amount. in which case the impairment loss is treated as a revaluation
decrease.
Recognised impairmenl kjsses are reversed rf, and only rf, the reasons for the impairment loss
have ceased to apply. Where an impaimient loss subsequently reverses. the carying amount
of the asset Is Increased to the revised estimate of its recoverable amount. bul so Ihat the
increased carying aTTh)unt does not exceed the carrying amount that would have been
determined had no impairment loss been recognised for the asset in prior years. A reversal of
an impaimient loss is recognised immediately, unless the relevant 8ss8t is carried in al a
revalued amount, in which case the reversal of the impaimient loss is treated as a revaluation
increase.
Cash and cash equivalents.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-
lemi liquid investments with original maturities of three months or less. and bank overdrafts.
Bank overdr8ft8 are shown within borrowings in current liabilities.
Flnan¢lal Instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments..
Financial instrumenls are recognised in the Statement of Financial Position when the charity
becomès part to the ¢ontra¢tual provisions of th8 instrument.
Financial assets and liabilities are offset, wilh the net amounts presented in the financial
statements, when there is a legally enforceable right to set off th8 recognised amounts and
Ihere is an intention to settle on a net basis or to reallse the asset and settle the liabilty
slmultaneously.
Basic flnanclal assets
Basic financial assets, which include d8btors and cash and bank balan¢es, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement conslitutes
financial transaction, where the transaction is measured at the preserrt value of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable withln
one year are not amortised.
11

THE WILLIAM WALTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Ba$1¢ financial liabilities
Bas￿ ffinancial liabilities. including creditors and bank loans are inttially recognised at
transaction price unless the arrangemerbt constitutes a financing Iransaction, where the debt
instrument is measured at the present value of the future payments discounted at a market
rate of inlerest. Financial liabilities classified as payable within one year are not amortised.
Debt instrument5 are subsequently carried at amortised cost, using thè eff8ctive interest rate
method.
Trade creditors are Obliga￿On lo pay for goods or serv￿e$ that have been acquired in the
ordinary course of operations from Suppliers. Amounts payable are classified as CU￿ent
liabilities if payment is due within one year or less. If not, they are presented as non-current
liabilities. Trade creditors are recognis8d initially at transaction price and subsequendy
measured at amortised cosl using the effective interest method.
Derecognlllon of financlal Ilabllltles
Flnanclal li8bilrties are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
12

THE WILLIAM WALTON TRUST
NOTES TO THE FINANCIAL STATEMEFrrs {CONTINUED)
FOR THE YEAR ENDED 37 DECEMBER 2024
2. Donations and logaci
2024
2023
Donations
150
50.000
150
50,000
In 2004, the charity received the first distribuiion from the Will Trust ofthe bte Dr Jean Shanks,
which the Irustees choose to take in the form of cash and this amounted to £653,500.
A second interim distribution was made 8vailable on 15 Decemtw 2004 to the value of
£1,700,000, consisting of shares with a market value of £670,707 and £1,029,293 of cash.
The trust88s have invested these funds to generate an ongoing in¢ome to help fvrKI the
activities of the charity.
A further distribution of £800.000 was made in April 2006.
Further di8tn'butb)ns were made in February 2008, February 2Crf)9, February 2010. and
October 2010.
A final distribution was receNed in June 2021 of £14,050 from the 8slate of Dr Jean Shanks.
In January 2009, the charity received the first distribution from the John M Eargle 2003 LNing
Trust of $50,000. A second partial distribution of $200,000 was made available in December
2009.
A further distribution Was made in March 2011 a￿1 a final distribution in October 2011.
The trustees continue to invest these funds to gener8te an ongolng Income to help fund the
activities of the charity.
During the year, a donation was made from Wlliam Walton & La Mortella Trust of £nS1 (2023-
£50.000).
An anonymous donation of £150 was made during the year {2023- £nil).
13

THE WILLIAM WALTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3. InGomo from Investments
2024
2023
Interest receivable
Dividends
Charities Property Fund distribution8
1,865
21,892
2,405
1.860
15.993
3.267
26,162
21,120
4. Other Incom•
2024
2023
Royalty inwme
132
1,231
5. Ralslng funds
2024
2023
Investment management costs
9,032
6. Charitable activitiés
2024
2023
Grants (see note 7)
Support costs (see note 8)
5,750
63.297
50,387
50,387
69,047
7. Grants
2024
2023
Grants to institutions
Grants to Indlviduals
3,g87
1.763
5.750
8. Support costs
2024
2023
Sundry
Accountancy fees
Miscellaneous expenses
Exchange Igainyloss
Charity repayment clalm
Depreciation
586
9,540
4,927
576
603
9,152
7,976
{45)
10,853
34,758
34.758
50,387
63.297
14

THE WILLIAM WALTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEM8ER 2024
9. Taxation
The William Walton Twst is a registered charity and Iherefore, is not liable to income tsx or
corporation tax on income or gains derived from its charitable activities. as they fall within t
various exemptions available to regist6red charrties.
10. Tangible fix•d assets
Land at Greek Theatre &
16chla
remedlal work
Land and building5
Totsl
Cost at 1 January 2024 &
31 Dec&mber 2024
717,800
1,737,880
2,455.680
Dopreclatlon
At 1 January 2024
Depre¢ialion charge In the year
312.822
34.758
312,822
34,758
At 31 December 2024
347,580
347,580
Net book value
At 31 December 2024
717.800
1,390,300
2,108,100
At 31 December 2023
717,800
1,425,058
2,142,858
15

THE WILUAM WALTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11. FIX￿ asset investments
2024
2023
Llslod Investment and cash held for re-investment
Llsled Investments
Market value at 1 January 2024
Additions al cost
Disposal
Net unrealised investrnent gainl(lossesl
957,747
194,054
(155,5951
31,921
876,010
277,754
{214,4121
18,395
Market value at 31 December 2024
1,028,127
957,747
Cash held by investmenl managers for re-investrnent
47,918
46.082
1,076,045
1,003.829
Cost of Ilsted investment at 31 December 2024
959,971
919,676
All listed investments were dealt on recognised stock exchanges. Listed investments held at
31 DeGernber 2024 comprised the following..
2024
2023
UK equities
Overs8a8 equities
Fixed interest
Unit trusts
Cash for re-investrnenl
207.921
435,911
333,685
50,610
47,918
255,999
304,146
347,267
50,335
46,082
1.076,045
1.003.829
11 Debtors
2024
2023
Duo wlthln on• yoar
Accrued inveslmenl income
607
1.403
607
1.403
16

THE WILUAM WALTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Credltors: amounts falling due wilhin one yoar
2024
2023
Accruals- accountancy fee5
9.732
9.732
Truslo•s' romun•ration •xp•nsos and arrangom¢nts
No trustees were reimbursed for expenses during thg year (2023.. £nil).
No remuneration was received by any of the twstses {2023'. £nil). No trustee had any
beneficial interest in any contract with the Charity during the year.
15. Related party disclosures
The fourtrustees are also trustees of William Walton & La Mortella Trust (registered chartty
number.. 11152631. During the year, the charity received donations tolalling £nil 12023:
£50,000} from William Walton & La Mortella Trust.
16. Events after the rèporting datè
At a meeting of the Trustees held on 21 March 2025, the proposed merger of The William
Walton Trust and William Walton and La Mortella Trust was approved. The Agreem8nt for
the tr8nsfer of the activities and assets of The William Walton Trust to William Wallon and
La Mortella Trust was also approved on the same date.
The William Walton Trust has ceased all activities on 21 March 2025 and will be wound
up In due course.
The Trustees are still finalising the merger and the proposed date for Completion of the
Merger is on or around December 2025.
17