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AH & B C WHITELEY CHARITY FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

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AH & BC WHITELEY CHARITY

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

	Page
Charityparticulars		1
Reportof theTrustees		2-3
Independentexaminer’s report		4
Statementoffinancial activities		5
Balance sheet		6
Cash flowstatement		7
Notestothefinancialstatements		8-12

AH & BC WHITELEY CHARITY

CHARITY PARTICULARS

CHARITY NUMBER

1002220

TRUSTEES

E G Aspley K EB Clayton FCA N E Aspley LLB (Hons)

INVESTMENT ADVISORS

Rathbones Pier Head Liverpool L3 1NW

SOLICITORS

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|||| |---|---|---| |Hopkins LLP Solicitors| |Eden|Court| |Crow|Hill|Drive| |Mansfield| |Notts| |NGi19|7AE|

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INDEPENDENT EXAMINERS

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|||| |---|---|---| |PKF Smith|Cooper Limited| |St|Helen’s|House| |King Street| |Derby| |DE1 3EE|

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AH & BC WHITELEY CHARITY

REPORT OF THE TRUSTEES

YEAR ENDED 31 MARCH 2021

OBJECTIVE

The Trust deed requires the trustees to make donations to other Registered Charities in England, Scotland and Wales but with particular emphasis on charities based in Nottinghamshire.

TRUSTEES

The trustees in office during the year are listed on page 1. Also listed on page 1 is the charity’s registration number, address of the principle office and the charities advisors.

STATEMENT OF TRUSTEE RESPONSIBILITIES

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

The law applicable to charities in England requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2015 (FRS102); - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on 4 going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2016, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

REVIEW OF THE YEAR

The Statement of Financial Activities for the year is set out on page 5 of the financial statements.

During the year donations totalling £8,000 have been made to different charities.

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AH & BC WHITELEY CHARITY

REPORT OF THE TRUSTEES (CONTINUED) YEAR ENDED 31 MARCH 2021

POLICY ON RESERVES

At 31 March 2021 the total value of reserves amounted to £1,795,690. The charity accumulates reserves to generate income from which further charitable donations can be made, and as a hedge against the possibility of investment losses in the future.

FINANCIAL POSITION

The charity received donations from one source and applies money received to its charitable purpose, This source of income has now ceased and all future income will be derived from investments only. Surplus funds are invested with appropriate professional advice and generate further income for the charity.

On behalf of the Board of Trustees

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KE B Clayton
Trustee
VL
Dated: a a [ eo
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AH & B C WHITELEY CHARITY

REPORT OF THE TRUSTEES (CONTINUED)

YEAR ENDED 31 MARCH 2021

Independent Examiner’s Report to the Trustees of A H & B C Whiteley Charity

We report on the accounts of the charity for the year ended 31 March 2021 which are set out on pages 5 to 12.

| Respective responsibilities of trustees and examiner | The charity’s trustees are responsible for the preparation of the accounts. The charity's | trustees consider that an audit is not required for this year under section 144(2) of the | Charities Act 2011 and that an independent examination is needed.

It is our responsibility to:

examine the accounts (under section 14(5) of the 2011 Act);
¢ follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
e state whether particular matters have come to my attention.

Basis of independent examiner’s statement

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

1 which gives us reasonable cause to believe that in any material respect the requirements ° to keep accounting records in accordance with section 130 of the 2011 Act; and e to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act

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have not been met; or

2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. PKF Smith Cooper Ltd 9 WC 2.ea Chartered Accountants we Statutory Auditors St Helens House King Street Derby DE13EE Dated: 2 5s: . Qorr

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AH&BC WHITELEY CHARITY

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2021

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||||||| |---|---|---|---|---|---| |Note|2021|2020| |INCOME| |Activities|in furtherance of the charity’s objects:| |Investment income|49,337|51,185| |TOTAL INCOME|£49,337|£51,185| |EXPENDITURE| |Costs of activities in furtherance|of the charity’s objects:| |Grants|and|allowances|3|8,000|16,000| |Management|and administration|12,750|17,739| |TOTAL EXPENDITURE|5|£20,750|£33,739| |NET INCOME|/ (EXPENDITURE)| |BEFORE TRANSFERS|28,587|17,446| |Profit/(Losses)|on investment|assets:| |Realised|27,741|56,476| |Unrealised|314,205|(238,963)| |Net movement in|funds|370,533|(165,041)| |Funds balance|at|1 April|2020|1,425,157|1,590,198| |Funds balance|at 31|March|2021|£1,795,690|£1,425,157|

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All items in the Statement of Financial Activities relate to unrestricted funds, All gains and losses recognised in the year are included above.
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AH & BC WHITELEY CHARITY

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BALANCE SHEET
AS AT 31 MARCH 2021
Note 2021 2020
FIXED ASSETS
investments 6 1,673,840 1,284,191
CURRENT ASSETS
Cash at bank and in hand 124,531 154,647
124,531 154,647
Creditors: Amounts falling
due within one year a (2,681) (13,681)
NET CURRENT ASSETS 121,850 140,966
£1,795,690 £1,425,157
INCOME FUNDS
Unrestricted funds 8 £1,795,690 £1,425,157
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Approved by the Board of Trustees on: .247" awurreY 2012 and signed on its behalf by KEB Clayton ye

AH & BC WHITELEY CHARITY

CASH FLOW STATEMENT

YEAR ENDED 31 MARCH 2021

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||||||| |---|---|---|---|---|---| |Note|2021|2020| |Net cash|(outflow)/inflow|from| |operating activities|1|17,587|15,446| |Capital|Expenditure| |Purchase of investment|(287,590)|(295,882)| |Proceeds from sale of investments|239,887|303,019| |(47,703)|7:137| |(Decrease)/Increase|in cash|2|(30,116)|£22,583| |Notes to the|cashflow statement| |4.|Reconciliation|of changes|in|resources to| |net cash|inflow from|operating|activities| |Changes in resources|28,587|17,446| |(Decrease)/Increase|in creditors|(11,000)|(2,000)| |Net cash|(outflow)/inflow from|operating| |activities|£17,587|£15,446| |2.|Analysis of|changes in net cash|Ati April|Cashflow|Atal| |2020|March|2021| |Cash|at bank and|in hand|£154,647|(£30,116)|£124,531|

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AH & BC WHITELEY CHARITY

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

1, ACCOUNTING POLICIES a. Basis ofpreparation The financial statements are prepared under the historical cost convention, with the exception of investments which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” FRSi02 2015 and applicable accounting standards.

b. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
c. Incoming resources All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.

Investment income is accounted for when it is receivable and includes both listed amounts and short term deposit interest.

d. Investments Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year,

Profits on sales of investments are included in the income and expenditure account.

e. Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
f, Grants payable Grants are included when they become payable.

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AH&BC WHITELEY CHARITY

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 MARCH 2021

2, INVESTMENTS

	2021	2020
	Value	Value
UKquotedinvestments Overseasquotedinvestments	902,358 771,483	758,122 526,069
	£1,673,841	£1,284,191
Historical cost	£1,238,872	£1,181,218
UKquotedinvestmentsarerepresentedby:
Fixed interest securities	53,276	71,650
Equityshares	849,082	686,472
Total	£902,358 gsr c c c	£758,122 —

AH &BC WHITELEY CHARITY

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 MARCH 2021

3. GRANTS PAYABLE

GRANTS PAYABLEPAYABLE
	2021	2021	2020	2020
	Number	Value	Number	Value
Payable to institutions	2	£8,000	3	£16,000
Thefollowing grantsto institutionsweremade:
		2021		2020
UniversityofLiverpool		-		£6,000
Nottinghamshire HistoricChurchesTrust		-		£5,000
Portland College		-		£5,000
Parkinson’s Disease Therfield School		- £5,000		£5,000 =
Whiteley Scholarship		£3,000		-
		£8,000		£16,000

The trustees neither received nor waived any emoluments during the year (2020:ENil).

AH &BC WHITELEY CHARITY

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 MARCH 2021

5.	TOTALRESOURCESEXPENDED		Total	Total
		Otherdirect	2021	2020
	Grantspayable	8,000	8,000	16,000
	Managementand administration	12,750	12,750	17,739
	Total resourcesexpended	£20,750	£20,750	£33,739
	Otherdirect costsinclude: Independentexaminersremuneration		£2,160 ‘mia	£2,160 i
6.	FIXEDASSETINVESTMENTS
	At 1April2020		1,284,191	1,473,815
	Acquisitions at cost Disposals at cost Net profit /(loss)onrevaluation		287,590 (212,146) 314,205	295,882 (246,543) (238,963)
	Marketvalueat31March 2021		£1,673,840	£1,284,191
7,	CREDITORS:Amountsfallingduewithin	withinoneyear
	Accruals		£2,681	£13,681

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AH&BC WHITELEY CHARITY

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 MARCH 2021

8. STATEMENT OF FUNDS

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|||||||| |---|---|---|---|---|---|---| |Investment| |At|1|April|gains/|At31|March| |2020|Income|Expenditure|(losses)|2021| |General reserve|1,425,157|49,337|(20,750)|341,946|=|1,795,690| |Total unrestricted|funds|£1,425,157|£49,337|£(20,750)|£341,946|£1,795,690|

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The general reserve represents the free funds of the charity which are not designated for a particular purposes.

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS

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|||| |---|---|---| |2021|2020| |Investments|1,673,840|1,284,191| |Current assets|124,531|154,647| |Current liabilities|(2,681)|(13,681)| |Total Net Assets|£1,795,690|£1,425,157|

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2021-03-31-accounts

AH & BC WHITELEY CHARITY

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

CONTENTS

CHARITY PARTICULARS

CHARITY NUMBER

1002220

TRUSTEES

INVESTMENT ADVISORS

SOLICITORS

INDEPENDENT EXAMINERS

AH & BC WHITELEY CHARITY

REPORT OF THE TRUSTEES

OBJECTIVE

TRUSTEES

STATEMENT OF TRUSTEE RESPONSIBILITIES

REVIEW OF THE YEAR

AH & BC WHITELEY CHARITY

REPORT OF THE TRUSTEES (CONTINUED) YEAR ENDED 31 MARCH 2021

POLICY ON RESERVES

FINANCIAL POSITION

AH & B C WHITELEY CHARITY

REPORT OF THE TRUSTEES (CONTINUED)

YEAR ENDED 31 MARCH 2021

Independent Examiner’s Report to the Trustees of A H & B C Whiteley Charity

Basis of independent examiner’s statement

Independent examiner’s statement

AH&BC WHITELEY CHARITY

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2021

TT

AH & BC WHITELEY CHARITY

AH & BC WHITELEY CHARITY

CASH FLOW STATEMENT

YEAR ENDED 31 MARCH 2021

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AH & BC WHITELEY CHARITY

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 MARCH 2021

2, INVESTMENTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 MARCH 2021

3. GRANTS PAYABLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 MARCH 2021

8. STATEMENT OF FUNDS

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS