Charity No. 1013782
THE WH SMITH GROUP CHARITABLE TRUST
Report of The Trustees and unaudited flnanclal
statements
Year ended 31 December 2024

Charity No. 1013782
THE WH SMITH GROUP CHARITABLE TRUST
CONTENTS
Page
Report of the Trustees
Independent Examinerfs Report to the Trustees
Statement of Financial Activities for the year ended 31 December 2024
Balance Sheet as at 31 December 2024
Note5 to the Financial Statements for the year ended 31 December 2024 8-12

THE WH SMITH GROUP CHARITABLE TRUST
Charity No. 1013782
REPORT OF THE TRUSTEES
INTRODUCTION
The trustees present the annual report and financial statements for the year ended 31 December 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The WH Smith Group Charitable Trust was formed under a trust deed dated 14 July 1992, as amended in
August 2006 and February 2011. The legal form of the entity is an unincorporated charity registered in
England & WaSes. The report and financial statements cover the year ended 31 December 2024. The Trust
was formed during the Bicentenary of the WH Smith Group. The Charity is governed by a Board of
Trustees, as detailed below.
The Board of Trustees currently consists of 7 members and is made up of staff representatives nominated
by each of the businesses that comprise the WH Smith Group in the UK. Each Trustee has responsibility
for encouraging the full involvement and support of their individual business in the activities of the Trust.
All the Trustees undertake the role in a voluntary capacity and must have a genuine interest in the
voluntary sector.
All the trustees will sign the Charity Commission's Trustee Declaration.
OBJECTIVES AND AIMS
The Charity's principal object, as defined in its Trust Deed, is raising money for charitable purposes and
d istributing the f unds to selected charita ble organisations. All surplus funds are donated at the discretion
of the Trustees to other charitable organisations, nominated by staff of the WH Smith Group.
Details of grants paid are included in "achievement and performance" below and also in note 2 to the
accounts.
TRUSTEES
The Trustees during the year and since the year end have been:
Sharon Appleton
Nicki Woodhead
Debbie Clapham
Paul Johnson
Keegan Lane
Danielle Richards
John Poulton
Clare O'Grady Iskirrowl
Mitchell Hunt
Helen Webb
(Chairl
(resigned 31 March 2024}
(resigned November 20241
(appointed 2. December 20241
th
resigned 10 October 2025}
resigned August 2025
INVESTMENT POWERS
The Trustees have the authority to invest as they see fit to the extent that they shall have the same powers
in all respects as if they were beneficial owners absolutely entitled.
RESERVES POLICY
The WHSmith Charitable Trust receives funding from three main sources: Customer donations in store;
employee fundraising and donations via payroll giving and fundraising events; and cash proceeds from
the charity shop. All funds currently received are unrestricted.
Although the WHSmith Charitable Trust does not have any contractual commitments that extend
beyond the current financial year, there is a certain expectation amongst certain recipients, such as

THE WH SMITH GROUP CHARITABLE TRUST
Charity No. 1013782
REPORT OF THE TRUSTEES
those charities that have been in receipt of recent funding repeated over several years, or employees of
WHSmith who are familiar with the Trust's programme of providing matched funding that donations will
continue beyond the current financial year. For thi5 reason, the Trust has elected to keep some reserves
available to carry over to the following financial year.
The Trust has therefore decided to keep in reserve an amount that would allow it to provide one more
year of core funding to its current major beneficiary, and to employees in receipt of matched donations.
Although there is no obligation to do so, this would allow current beneficiaries a period of time to
transition away from the support provided by the Trust. In addition, reserves have also been set aside to
cover annual operating costs for audit fees etc.
The reserves needed have therefore been set at £140,000-£180,000.
The Trustees now believe that, as in-store donations are no longer impacted by Covid restrictions, we
can afford to reduce the level of reserves as we are able to rely on a more secure future income stream.
The total fund held at the year end were £201,285 {2023: £174,112} and were all unrestricted. Action will
be taken during 2025 to reduce this value to come in line with the reserves policy.
PUBLIC BENEFIT
In planning the Charity's activities for the year trustees kept in mind the Charity Commission's guidance
on public benefit
The focus of the Charity's activities during the year, which explains the delivery by the Charity of public
benefit, is set out below under'achievement and performance,.
ACHIEVEMENT AND PERFORMANCE
The Charity benefits from fund-raising activities by the staff of the WH Smith Group and donations of
£222,648 {2023: £195,152) were received. Grants of £191,640 {2023: £198,484) have been made in the
year.
The statement of financial activities shows net incoming movement in funds of £27,172 {2023: £10,514
net outgoing movement in funds) as set out on page 6.
The funds are deposited into an account designated as a Community account at Barclays Bank PLC.
RELATED PARTIES
The WH Smith Group Charitable Trust has no related parties.
RISK MANAGEMENT
The major risks to which the charity is exposed as identified by the Trustees have been reviewed, the
trustees feel that the key risk to the cha rity is the transition to a cashless society as a large amount of
donations is from collection pots in store, which there is already some mitigation in place for this by the
'pennies from heaven, initiative.
FUTURE DEVELOPMENTS
The Charity aims to continue its charitable work and all donations are now focused on supporting the
voluntary and fundraising activities of staff in their local community.
The vast majority of Charitable Activities are discretionary in nature and agreed by the Trustees at regular
meetings throughout the year by reference to resources available at the time. Further the Charity has

THE WH SMITH GROUP CHARITABLE TRUST
Chari¢y No. 1013782
REPORT OF THE TRUSTEES
limited administrative costs by virtue of utilising facilities owned by the WH Smith Group. Trustees are
unpaid volunteers and other administrative costs of the Trust are minimal.
This puts the Charity in a strong position as activities can be restricted to retain sufficient reserves to meet
the limited administrative costs and achieve our charitable aims for the foreseeable future.
We are an adaptive and flexible organisation which has stood u5 in good stead to deal with any
challenges.

THE WH SMITH GROUP CHAIUTABLE TRUST
Charity No. 1013782
REPORT OF THE TRUSTEES
GENERAL INFORMATION
Principal office..
WHSmith PLC
Greenbridge Road
Swindon
SN3 3JE
Independent Examiners..
Regulatory Accounting Limited
Vicarage Court
160 Ermin Street
Swindon
SN3 4NE
Bankers..
Barclays Bank PLC
PO Box 385
Onslow Hill
The Little Green
Richmond
Surrey TW9 IWB
proved by the Trustees on 30 October 2025 and signed on behalf of the Trustees by:
Keegan Lane
Trustee

THE WH SMITH GROUP CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE WH SMITH GROUP CHARITABLE TRUST
I report to the charity trustees on my examination of the accounts of the WH Smith Group Charitable
Trust I'the Trust") for the year ended 31 December 2024, set out on pages 6 to 12.
This report 15 made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities
{Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the
charity's Trustees those matters l am required to state to them in an Independent Examiner's report and
for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to
anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Responslbllltles and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {"the Act").
I report in respect of my examination of the Trust's 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(5llbl of the 2011 Act.
Independent examlnerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did 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 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 this report in order to enable a proper understanding of the accounts to be
reached.
Jonathan Lacey FCA
Regulatory Accountlng Llmlted
Vicarage Court
160 Ermin Street
Swindon
SN3 4NE
Date: 30/10/2025

THE WH SMITH GROUP CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
Year ended 31 December 2024
Notes
2024
Total
2023
Totsl
Iunrestrlcted) (Unrestrlcted)
INCOMING RESOURCES
Income and endowments from;
Donations and le8acies
222,648
195,152
Total
222,648
195,152
RESOURCES EXPENDED
Expendlture on:
Raising funds
Charitable activities
Other
(1,466)
1191,640}
12,370}
12,6581
{198,4841
15,5251
Total
1195,476}
{206,6671
Net Income/ (expendlture) and movement In
funds
27,172
110,5141
Reconclllatlon of funds:
Total funds brought forward
174,112
184,626
Totolfunds carrledforward
201,285
174,112
All activities derive from continuing operations. There were no other recognised gains and losses other
than those stated above.

THE WH SMITH GROUP CHARITABLE TRUST
BALANCE SHEET
At 31 December 2024
Notes
2024
Total
2023
Total
{Unrestricted) (Unrestricted)
Current assets
Cash at bank and in hand
Debtors
272,800
31,367
208,826
62,510
Total current assets
304,167
271,336
Creditors: amounts falling
due within one year
1102,883)
197,2241
Net current assets
201,284
174,112
Funds of the Charity
Unrestricted funds
201,284
174,112
Totalfunds
201,284
174,112
These financial statements were approved and authorised for issue by the Trustees on 30 October 2025,
ned on behalf of the Trustees
Keegan Lane
Trustee

THE WH SMITH GROUP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at
cost or transaction value unless otherwise stated in the relevant notelsl to these accounts.
The accounts have been prepared in accordance with:
Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 102} leffective l January 2019.
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
{FRS 1021; and with
the Charities Act 2011.
The WH Smith Group Charitable Trust meets the definition of a public benefit entity under FRSIO2.
Going concern
Financial statements are prepared with the assumption that the entity is a going concern and will
continue to operate for the foreseeable future since there is no material uncertainty surrounding
Going Concern.
Fund structure
The Charity maintains one type of unrestricted funds as follows:
Generol Unrestrictedfunds are amounts which are available for donation at the discretion of the
Trustees.
Income recognltlon - Donatlons
Donations are accounted for when the conditions for receipt have been met and there is a
reasonable assurance of receipt.
In respect of monies collected in tins at W H Smith High Street and Travel stores and recorded by
W H Smith Plc, collections are recorded when they are transferred from W H Smith PIC to the Charity
and an accrual is made for monies collected but not paid over as at the year end.
Expenditure
Expenditure includes all expenditure directly related to the objects of the Charity and comprises
the following:
Grants payable are accounted for on an accruals basis when the Trustees have accepted a legal
or constructive obligation to make the grant.
Governance and support costs
Support costs have been allocated between governance costs and other support. Governance costs
comprise all costs involving public accountability of the charity and its compliance with regulation
and good practice.

THE WH SMITH GROUP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive
obligation committing the charity to pay out resources and the amount of the obligation can be
measured with reasonable certainty,
Creditors
The charity has creditors which are measured at settlement amounts le55 any trade discounts
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.

THE WH SMITH GROUP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
ANALYSIS OF EXPENDITURE
2024
2023
Expenditure on raSslng funds
Incurred seeking donations
1,466
2,658
Total expenditure on ralslng funds
1,466
2,658
Expenditure on charitable activities
1st Lydiate Scout Group
43, Bristol Scout Group
ADHD Adult UK
1,000
1,000
1,000
1,000
Alzheimer's Society
Ann Edwards PTA
2,340
1,901
1,000
1,000
1,000
2.233
1,000
3,727
1,000
1,000
1,000
2,212
1,000
1,564
2,379
1,070
1,000
20,000
3,000
1,000
1,000
1,240
21,650
1,000
18,000
95,124
Axminster & Lyme Cancer support
Blunsdon Community Shop
British Heart Foundation
CALM
Cancer Research UK
250
CHIPS Parent Teacher Assoclatlon
First Touch
Llttle Princess Trust
Macmillan Cancer Support
Myeloma UK
NSPCC
Pancreatic Cancer UK
Place2Be
Prospect H05pice
Red Cross
Swindon Food Collective
The Archie Foundation
The Big Cat Sanctuary
Trussel Trust
Turkey Earthquake Appeal
Wiltshire Wildlife Hospital
WHSmith Promotions Ltd (School Giveaway}
Young Readers Programme
Middle East Humanitarian Appeal
Other all < £ 1,000
1,583
1,000
1,000
18.000
100,783
20,000
6,465
9,383
io

THE WH SMITH GROUP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
2. ANALYSIS OF EXPENDITURE (CONTINUED)
Expenditure on charitable activities {continued}
MIND
2024
2023
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
I,ooo
1,000
1,000
1,000
1,000
1,000
1,000
1,000
I,ooo
1,000
1,000
1,000
1,000
1,000
1,000
2,220
Parkinsons UK
Lydiate Scout Group
The Little Princess Trust
Thames Hospice
Alternative Angels
Best- Be a Better You
8righter Futures
Great Ormond Street Hospital
Great Western Air Ambulance Charity
Hospital Radio Swindon
Out of the Can
Pass It On
Phoenix Enterprises
RSPCA North Wiltshire
Sands
Spread A Smile
Stroke Association
Swindon and District Samaritans
Target Ovarlan Cancer
Thamesdown Hydrotherapy Pool
The Kelly Foundation
The Recovery Tree Charlty
Willows Counselling & Training
Macmillian cancer Support
Change Grow Live Swindon
Doing it for Dan
7th Swindon Scout Group
Get Out R/C1179362
Tiny But Mighty Swindon
Kaizen Academy
Swindon Dial A Ride
Winchester Hospice
F.O.N.l.S.A
1st Eastcote Scouts
Ann Edwards School
Movember
London Marathon 2yr Gold Bond 24-25
Total expenditure on charitable activities
Ji

THE WH SMITH GROUP CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
ANALYSIS OF EXPENDITURE (CONTINUED)
Other
Independent examinerfs fees
Other
2,370
2,180
2,345
Total other expenditure
2,370
4,525
Total expenditure
195,476
205,667
DEBTORS AND PREPAYMENTS
2024
2023
Analysis of debtors
Prepayments and accrued income
Other Debtors
31,367
62,510
CREDITORS AND ACCRUALS
2024
2023
Analysis of creditors
Trade creditors
Accruals and deferred income
Other Creditors
2,100
100,783
2,100
95,124
102,883
97,224
CHARITABLE COMMITMENTS
The Charity has no charitable commitments other than those recorded as grants payable at the end
of the year or at the end of the preceding year.
DESIGNATION OF FUNDS
All funds are available at the Trustees, discretion for donations to causes nominated by staff.
TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES
There were no transactions with related parties during the current or prior year.
None of the Trustees have been paid any remuneration or received any other benefits from an
employment with the Charity or a related entity.
12