THE A H WHITELEY AND B C WHrrELEY CHARITY
FINANCIAL STATEMENrs
YEAR ENDED 31 IVL4RCH 2024

THE A H WHITELEY AND B C WHITELEY CHARITY
FINANCIAL STATEMENrs
YEAR ENDED 31 IVIARCH 2024
CONTENTS
Page
Charity particulars
Report of the Trustees
Independent examiner's report
Statement of financial activities
Balance sheet
Cash flow statement
Notes to the financial statements
8-12

THE A H WHITELEY AND B C WHITELEY CHARrrY
c￿￿UTy NUMBER
1002220
TRUSTEES
K E B Clayton FCA
N E Aspley LLB (Hons)
INVESTMENf ADVISORS
Rathbones
Pier Head
Liverpool
L3 INW
SOLICITORS
Ringrose Law
St Peter at Arches
Silver Street
Lincoln
LN2 IEA
INDEPENDEiwf EXAMINERS
PKF Smith Cooper Limited
Prospect House
I Prospect Place
Derby
DE24 8HG

THE A H WHITELEY AND B C WHITELEY CHARITY
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2024
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 i. Also listed on page i is the
charity's registration number, address of the principle office and the Charities advisors.
STATEMEiwf OF TRUSTEE RESPONSIBILITIES
The trustees are responsible for preparing the Trustees. Annual Report and the financial
statements in accordance with applicable law and United Kingdorn Accounting Standards.
The law applicable to charities in England requires the Thistees 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 a 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 £57,000 have been made to different charities.

REPORT OF THE TRUSTEES (CONTINUED)
YEAR ENDED 31 MARCH 2024
POLICY ON RESERVES
At 31 Mairh 2024 the total vaIue of Teserves amounted to £1,958,829. The charity
accumulates reserves to generate incotne from ivbich further charitable donations can be
made, and as a hedge against the possibility of illvesttuellt losses in the future.
FINANCIAL POs￿10N
The charity received donation8 from one source and applies money reeeived to its charitable
purpose. This source of income has now ceased and all future income will be derived fro
investmeiiL8 only. Surplus funds are invested with appropriate professional advice and
generate fui'ther Èncome for the charity.
On behalf nf the Board of Trustees
K E B Clayton
'iistee

THE A H WHrrELEY AND B C WHITELEY CHARITY
REPORT OF THE TRUSTEES (coNfINUED)
YEAR ENDED 31 MARCH 2024
Independent Examiner's Report to the Trustees of THE A H WHrrELEY AND B
C WHITELEY CHARITY
We report on the aceounts of the charity for the year ended 31 Mareh 2024 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
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 ineludes
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
proTride 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 corne to our attention:
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 Aet. and
to prepare accounts which accord with the accounting records and to comply with
tbe accounting requirements of the 2011 Act
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
Accountants
Statutory Auditors
Prospect House
I Prospect Place
Derby DE24 8HG
Dated:

THE A H WHITELEY AND B C WHrrELEY CHARITY
STATEMENf OF FINANCIAL ACTIvrrIES
YEAR EIVDED 31 MARCH 2024
Note
2024
2023
INCOME
Activities in furtherance of the charity's objects:
Investment incotne
55,479
58,971
TOTAL INCOME
£55,479
£58,971
EXPENDITURE
Costs of activities in furtherance of the charitys objects:
Grants and allowances
57,000
3,000
Management and administration
14,834
10,746
Overseas taxation
877
1,300
TOTAL EXPENDITURE
£72,711
£15,046
NET INCOME / (EXPENDITURE)
BEFORE TIL4NSFERS
(17,232)
43,925
Profit/(Losses) on Investment assets:
Realised
Unrealised
(19,300)
128,242
(15,070)
(115,288)
Net movement in funds
91,710
(86,433)
Funds balance at i April 2023
1,867,119
1,953,552
Funds balance at 31 March 2024
£1,958,829
£1,867,119
* All items in the Statement of Financial Activities relate to unrestricted funds. All gains and
losses recognised in the year are included above.

BALANCE SHEET
AS AT 31 MARCH 2024
Note
2024
2023
FIXED ASSETS
Investments
1,735,480
1,600,139
cirRRENT ASSETS
Cash at bank and ID hand
261,126
269,661
261,126
269,661
Ci'editors.. Amounts falling
due within one year
(37,777)
(2,681)
NET CURliE￿r ASSET6
223,349
266,980
£1,958,829
£1,867.119
COME FUNDS
Unrestricted funds
£1,958,829
£1,867,119
Aiiproved bv the Board of Trustees on:
and sigLied on its behalf by
K E B Clayton

THE A H WHITELEY AND B C WHrrELEY CHARrrY
CASH FLOW STATEMENr
YEAR ENDED 31 MARCH 2024
Note
2024
2023
Net cash (oufflow)/inflow from
operating activities
17,863
43,925
Capital Expenditure
Purchase of investment
Proceeds from sale of investments
(345,881)
319,483
(44,549)
75,927
(26,398)
31,378
(Decrease)/Increase in cash
(8,535)
75,303
Notes to the cashflow statement
i. Reconciliation of changes in resources to
net cash inflow from operating activities
Changes in resources
(Decrease)/Increase in creditors
(17,233)
35,096
43,925
Net cash (oufflow)/inflow from operating
activities
£17,863
£43,925
2. Analysis of changes in net cash
AtIA
202
Cashflow
At
March 202
Cash at bank and in hand
£269,661
£(8,535)
£261,126

THE A H WHITELEY AND B C WHITELEY CHARrrY
NOTES TO THE FINANCIAL STATEMENrs
YEAR EI¥DED 31 MARCH 2024
i. AccouwfING POLICIES
Basis of preparation
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" FRS102 2015 and
applicable accounting standards.
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.
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 notÈfied 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 terni deposit interest.
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.
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.
Grants payable
Grants are included when they become payable.

THE A H WHfrELEY AND B C WHITELEY CHARITY
NOTES TO THE FINANCIAL STATEMENTS (coNrINUED)
YEAR ENDED 31 MARCH 2024
2. INVESTMEwrs
2024
Value
2023
Value
UK quoted investments
Overseas quoted investrnents
784,212
951,268
831,640
768,499
£1,735,480
£1,600,139
Historical cost
£1,259,279
£1,223,820
UK quoted investments are represented by:
Fixed interest securities
Equity shares
44,286
739,926
42,830
788,810
Total
£784,212
£831,640

THE A H WHrrELEY AND B C WHITELEY C
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
3. GRANfs PAYABLE
2024
2024
Number Value
2023
Number
2023
Value
Payable to institutions
7 £57,000
£3,000
The following grants to institutions were made:
2024
2023
Cassel Hospital Charitable Trust
Jimmy's Cambridge
Nottinghamshire Historic Churches Trust
Notts and Lines Air Ambulance
Spectrum Wasp
St Mary Magdelene
Whiteley Scholarship
£10,000
£5,000
£9,000
£10,000
£10,000
£10,000
£3,000
£3,000
£57,000
£3,000
4. The trustees neither received nor waived any emoluments during the year (2023:£Nil).
io-

THE A H WHITELEY AND B C WHrrELEY CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONfINUED)
YEAR ENDED 31 MARCH 2024
5. TOTAL RESOURCES EXPENDED
Total
2024
Total
2023
Other direct
Grants payable
Management and administration
Overseas taxation
57,000
14,834
877
57,000
14,834
877
3,000
10,746
1,300
Total resources expended
£72,711
£72,711
£15,046
Other direct costs include:
Independent examiners remuneration
£2,160
£2,160
6. FIXED ASSET INVESTMENrs
At i April 2023
Acquisitions at cost
Disposals at eost
Net profit /(loss) on revaluation
1,600,139
345,881
(310,587)
100,047
1,761,875
44,549
(62,728)
(143,557)
Market value at 31 March 2024
£1,735,480
£1,600,139
7. CREDITOILS: Amounts falling due within one year
Accruals
£37,777
£2,681
li-

THE A H WHITELEY AND B C WHITELEY CHARITY
NOTES TO THE FINANCIAL STATEMENrs (coKrINUED)
YEAR ENDED 31 MARCH 2024
8. STATEMENT OF FUNDS
Investrnent
gains/ At 31 March
losses
202
At i April
202
Income E
enditure
General reserve
1,867,119
55,479
(72,711)
108,942
1,958,829
Total unrestricted funds £1,867,119 £55,479 £(72,711) £108,942
£1,958,829
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
2024
2023
Investments
Current assets
Current liabilities
1,735,480
261,126
(37,777)
1,600,139
269,661
(2,681)
Total Net Assets
£1,958,829
£1,867,119
12-