THE LATE ST PATRICK WHITE CHARITABLE TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Charity Number 1056520

THE LATE ST PATRICK WHITE CHARITABLE TRUST
CONTENTS PAGE
Pages
Reference and Administration Details
Report of the Trustee
Independent Examiner's Report
Receipts and Payments Account
Statement of As5els and Liabilities
Appendix 1

THE LATE ST PATRICK WHITE CHARITABLE TRUST
REFERENCE AND ADMINISTRATION DETAILS
Corporate Trustee
HSBC Trust Company {UK> Limited
Current Directors of Corporate Trustee
J Coyle
P M Spencer
J Hewitson
Trust Manager
T Cuiran
Principal Office
Forum 1
The Forum Parkway
VW)iteley
Fareham
Hampshire
P015 7PA
Independent Examiner
Frances Millar ACA
RSM UK Tax and Accounling Limited
Chartered Accountants
Highfield Court
Tollgate
Chandlers Ford
Eastleigh
Hampshire
S053 3T
Banker
HSBC Bank plc
Forum 1
The FoTum Parkway
Whileley
Fareham
Hampshire
P015 7PA
Investment Managers
HSBC UK Bank plc
1 Centenary Square
Birmingham
B1 1HQ

THE LATE ST PATRICK WHITE CHARITABLE TRUST
REPORT OF THE TRUSTEE
FOR THE YEAR ENDED S APRIL 2023
The Trustee presents ils report together with the financial statements of the charity for the year
ended 5 April 2023, which have been prepared on a receipts and payments basis. The financial
statements have been prepared in accordance with the Gharity's constilulion and applicable law.
The purchase and sale of investments results from the day to day management of the investment
portfolio by the Investment Managei. In accordance with the Charities Act, the financial
statements have been prepared on the receipts and paytnents basis given that the definition of
gross income excludes the receipt of any endowment, loans and proceeds from the sale of
investments or fixed as*ts.
Structure, government and management
The Late St Patrick While Charitable Trust is an unincorporated Trust and is constituted under
the terms of the will dated 12 September 1995 of the late Edmund Herbert Sl Patrick White. The
Trust is a registered charf(y Ino. 10565201.
The Corporate Trustee has appointed a designated Trust Manager to look after the affairs of the
charity. The Investment Manager reviews the performance and provides recommendations on
the structure of the investtnenl portfolios.
The power lo appoint additional Trustees is vested in the curfent Trustee, and is exercisable in
writing. Should new Tru51ees be appointed, the existing Trustee would take responsibility of their
induction.
The Trustee has examined the rnajor strategic, business and operational risks which the charity
faces and confirms that systems have been established lo enable regular reports lo be produced
so that the necessary steps can be taken lo miligale these risks. The main risk in the year was
considered lo be the variability of investment returns.
Objectives and activities
The objectives ol the charity are in perpeluily lo pay or lo apply the incoTne and capital of the
Trust for the benefit ol such registered, excepted and exempl charities as the Tiustee in its sole-
di5CFetion shall decide, in accordance with the terms of the governing document.
The charity awards grants lo charitable institutions. The Trust Manager reviews applications
for giants and grants are awarded at the discretion of the Trustee_
Achievements and performance
During the year 7 granls totalling £47,488 12022.. 7 grants tolalling £68,250) were awaided to
charitable institutions in accordance with the terms of the governing document. No grant5 were
awarded lo individuals in ef(her year. The beneficiaries are disclosed in Appendix 1 of the
financial stalemenls.
Financial review
The charity received donations from the estate of the late Edmund Herbert St Patrick White lo be
kept in perpetuity. These funds generate income. which is used for the purpDse of grant making.
in accordance with the objectives set out above. The fund generated income of £61,183
12022.. £43,047) in the year to fund ils charitable activities. The expendilure on charitable
activitie5 was £72,058 12022= £84,266) of which £47,488 (2022: £68.2501 wa5 charitable
expenditure in the form of grants to charitable inst(tutions.

THE LATE ST PATRICK WHITE CHARITABLE TRUST
REPORT OF THE TRUSTEE cont.
FOR THE YEAR ENDED 5 APRIL 2023
Investment pollcy
In accordance with the governing document, the Trustee has the power to invest in such slo¢k5,
shares, investments and propety as they see fit. The Trustee engaged HSBC UK Bank plc a5
Investment Manager. The policy is lo adopt a low to medium risk investment strategy lo protect,
in absolute terms, the capital value of the fund whilst producing a sustainable and growing level
of income. and also providing the potential lor longer term growth of capital in real terms.
Reserves policy
The unrestricted funds. which are the free reserves of the charity and which are represenled by
the income arising, are paid over lo beneficiaries throughoijl the year. It is not the policy of the
charity to maintain specific reserves.
The endowment funds represent those assets which are held permanently by the charity and are
principally investments. Income arising on the endowment fund can be used in accordance with
the objectives of the charity and is included as unrestricted income. Any caprtal gains or losse5
arising on the investments form part of the fund. The Trustee has the power to convert this fund
into income_
Public benefit
We have referred to the guidance contained in the Charity Commission's general guidance on
public benefit when reviewing our aim5 and objectives and in planning our future activities. In
particular, the Trustee considers how planned activities will contribute to the aims and objectives
they have sel.
Plans for the future
The Trustee intends to continue providing grants in a similai way to the recent past whilst
retaining flexibility as to the timing and scale of grant making.
Related parties
The Corporate Trustee and the Investment Manager are both wholly owned subsidiaries of
HSBC Holdings plc.
In addition to the fees shown on page 6, as a result of the acquisition and disposal of
inveslmenls, Ihe charity pays transaction charges to HSBC Bank plc. The charges are
calculated on a sliding scale al a percentage of the transactions value plus VAT and are added
lo or deducted from the cost of the investments or the disposal proceeds in accordance with UK
standard accounting practice.

THE LATE ST PATRICK WHITE CHARITABLE TRUST
REPORT OF THE TRUSTEE cont.
FOR THE YEAR ENDED 5APRIL 2023
statement of Trustee's responsibilities in relation to the financial Statements
The law applicable to charities in England and Wales requires the Trustee to prepare financial
statements for each financial year which give a true and fair view of the charity's financial
activities during the year and of it's financial position al the end of the year. In preparing those
financial stalemenls, giving a true and fair view. the Trustee should follow best practice and..
selecl suitable accounting policies and then apply thern consistently.,
make judgements and estimates that are reasonable and prudent.,
stale whether applicable accounting standards and statements of recommended practice
have been followed, subject to any departuies disclosed and explained in the financial
slatemenls-, and
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the charity will conlinLJe in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable
accuracy the financial position of the charity- This enables thern to ascertain the financial position
of the charity and enables them to ensure the financial slaterllent5 comply with the Charities Act
2011. the Charity (Accounts and Reports) 2008 Regulations and the provisions of the trust deed.
The Trustee is responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fiaud and other irregularities.
Approved by the Trustee and signed on its behalf..
HSBC Trust Company (UK) Limrted
Date..

THE LATE ST PATRICK WHITE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEE OF THE LATE ST PATRICK WHITE CHARITABLE TRUST
report to the Trustee on my examination of the accounts of The Late Sl Patrick White
Charitable Trusl for the year ended 5 April 2023, which are sel out on pages 6 to 7.
Responsibllities and basis of report
As the Trustee of the charity you are responsible for the prepaiation of the financial statemenls
in accordance with the requirements of the Charities Act 20111'lhe 2011 Act'i.
report in respect of my examination of the charity's financial statements carried out under
section 145 of the 2011 Act and in carrying out my examination I have followed all the app5icable
directions given by the Charity Commission under section 14515llb} of the 2011 Act.
An independenl examination does not involve gathering all the evidence that would be required
in an audit and consequently does not cover all the matters that an auditor considers in giving
Iheir opinion on Ihe financial statements. The planning and conduct of an audit goes beyond the
limited assurance that an independent examination can provide. Consequently, l express llo
opinion as to whether the financial statements present a 'lrue and fair view, and my report is
limited lo those specific matters set out in the independent examiner's statement.
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 reasonable cause lo believe that in any material
respect..
accounting records were not kept in respect of the charity's as required by seclion 130
of the 2011 Act., or
2. the financial statements do not accord with those records., or
3. the financial statements do not comply with the applicable Tequiremenls concerning
the form and content of financial statements sel out in the Charities {Accounts and
Reports) Regulations 2008 othei than any requirement that the financial stalements
give a 'true and fair view, which is not a matter considered as part of an independent
examination.
I have no COn￿rnS and have come across no other matters in connection with the examination to
which attention should be drawn in this Teport in order to enable a proper understsnding of the
rinancial statements to be reached.
Frances Millar ACA
Chartered Accountant
The Institute of Chartered Accountants in England and Wales
On behalf of RSM UK Tax and Accounting Limited
Chartered Accountants
Highfield Court
Tollgate
Chandlers Ford
Eastleigh
Hampshire
S053 3TY
29-Jan-2024
Date..

THE LATE ST PATRICK WHITE CHARITABLE TRUST
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED S APRIL 2023
Unrestricted
funds
EndovAnent
funds
Totsl
2023
Total
2022
Receipts
Investrnent income
61,183
61,183
43.047
61,183
61.183
43.047
Investn*nt sale procèeds
Proceed5 trom the sale ol investment5
1,142.676
1.142,676
2.934.639
Totsl rèceipts
61.183
1.142,676
1,203,859
2,977.686
PaywEnts
Cost of generating funds
Investment managefflent costs
16,104
16,104
7,976
Charitable actSvities
Grants paid
Other allocated c05t5
47.488
24.570
47.488
24.570
68,250
16.016
Governan¢e costs
Independent examiner's fee
2,460
2,460
2.580
74.518
16,104
90,622
94,822
InVeStTh￿llI purchases
Payments for purchases ol investments
1,178,929
1,178.929
2,879,279
Total payn%nts
74.518
1.195.033
1,269.551
2,974.101
Net receiptsllpayrnentsl
113,3351
152.3571
165,6921
3.585
Transfers between funds
25.164
125.1641
Cash invested at 6 4)ril 2022
4.717
82,851
79.266
Cash invested at 5 Npril 2023
16,546
613
17,159
82,851
These unaudited financial statements have been subjected lo independent examination. See
report on page 5.

THE LATE ST PATRICK WHITE CHARITABLE TRUST
STATEMENT OFASSETS AND LIA81LITIES
AT 5 APRIL 2023
Unrestricted
funds
Endown*nt
funds
Total
2023
Total
2022
Investments
UK Fixed Interest Securities
Overseas Fixed hteresl Securities
UK Equities
Overseas Equrties
Hedge Funds
Commodities
Real Estate
other Trust Assets
Cash
38,95g
787,758
430,197
1,231,968
77,538
47,402
113,516
38,959
767,758
430,197
1,231,968
77.538
47,402
113,516
798.847
364,608
1.332,857
78,540
50,190
195.214
16.546
613
17.159
82,851
Totsl assets
16.546
2,707,952
2,724,498
2.903,108
Liabilitie$
Professional fees payable
2,714
2,714
2.585
Approved by the Trustee and authorised for issue on........................................... and signed on its
behalf..
HSBC Trust Company (UK) Limited
These unaudited financial statements have been subjected to independent examination. See
report on page 5.

THE LATE ST PATRICK WHITE CHARITABLE TRUST
APPENDIX 1
BREAKDOWN OF CHARITABLE GRAMrs
Number of
grants
knunt
Institution
Age UK London
Barnado's
Cancer Research UK
Guide Dogs for the Blind
Salvation Wmy
Versus ￿hr￿S
sibility Scotland
6,784
6,784
6,784
6,784
6.784
6,784
6,784
47,488
These unaudited financial statements have been subjected to independent examination. See
report on page 5.