Charity registration number 1060245
Company regSslratlon numljer 03291380 (England and Wale51
WHITEHAVEN COMMUNITY TRUST LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

WHITEHAVEN COMMUNITY TRUST LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Chlof Exocutlvo Offlc•r
Mrs K Maxwell 05E
Tru$t•os
Mr J Taylor
Miss J Nicholson
Mr N Clarkson MBE
Mi M Parlell
Mr D Lord
Secretary
Mrs K Iaaxwell 06E
Charlty numb•r
1060245
Company number
03291380
R•g18t•r•d offlc•
13- 15 Markel Place
Whitehaven
Cumbrla
CA28 7JB
Indèpond•ht •xamln•r
Armstrong Watson LLP
Carlelon House
136 Gray Strèèt
Workinglon
Cumbria
CA14 2LU

WHITEHAVEN COMMUNITY TRUST LIMITED
CONTENTS
Page
Trustees. Ipport
Ind8p8ndent exatnlner's report
Stslemenl of financial activlties
Balance sheet
Noles lo the flnan¢lal 81al8m8nl8
8-18

WHITEHAVEN COMMUNITY TRUST LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Th8 Iru51885, who ar8 dir8Ctor5 lor th8 purposes of cotnpany law. pres8nt th8 annual repori log8lher wrth the financial
statements of the charitable company for the year ended 31 December 2023. The Trustee5, who are 81s0 directors of Ihe
charity for thè purposes of Ihe Compani8s Act, present thair annual report and Ihe financral stalernents for Ihe year ended 31
D8C8rnb8r 2023. Th8 Irustees haw8 prepared the financial statem8nts in accDrdanc8 Wrth applic3bl8 law and th8 Financial
RÈporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffoctive 1 January 20151 (Charities SORP
IFRS10211.
Structure, Governance and Management
Whitehaven Community TrLJSt Limited (known hereafter as WCTI. was ineorporated on the 12 December 1996 and is
consliiuled as 8 company limited by guarantee, and is therefore governed by 8 memorandum 8nd articles ol association. Th&
company was register&Y as e charty with the Charity CLYnmission for England and Wales on 20 January 1997.
Recruitment and appointment of truBtee•
All directors ol the company are also trustees ol the charity and there are no other trLJStee5. All of Ihe trustees named on page
1 sorved from Iho da16 of appolnlmenl unlll tho year end. Other Irusle8s that were 8ppolnled and rgslgned durlng the year
have also been disclosed. The Board has th8 power lo appoint additional Irusle8s a5 11 considers lil to do so.
Trugtees Selection and Experience
The Trustees are Irorn a variety of relevant professional busine55 and charitable background with a nurnber having
èXP8ri8nc• In th8 charity fièld. Th8 composi1￿Tr ol th• Iiust88s' board and their 8xp8ri8nc8 and skills ar8 regularly r8view8d,
lo ensure the num¥Jer diid balance of the tru51ees remalns dppropriiil8.
Organlsatlonal Structure
Tne trusiees meei qu8rt8rfy ro review 8nd m3n8ye rhe oper811on of the WLT. rhe WCT To8m now Inclucles 5 dlreuors, 7 lull
lime slafl and 4 part lime staff. One ol the directors is a financial director who maintains the charity's financial systems. The
WCT Team meet quarterly to rewew and plan aotivilies.
Rlsk Managgmgnt
Tli¥ Iru81¥¥5 aGliv&ly r¥vSgw Ili¥ lil%ilvr rlsks Ivlii41i Ili¥ ¢liarlly oli ¥ rg9ulai b8s18 ¥lifJ tJell¥vFJ tr)01 iiialiilainiiig 19>er￿￿¥
81 current levels. cotnbined with an annual review ol controls over key financial systems. will provide sufficient resources in
the event ol adverse conditions. The truslees have also examined other operational and business risks laced by the charity
and confim Ihol they hav¢ establish￿ systtrm$ to miligalo Ihg Sl9nifi¢8nl iisks.

WHITEHAVEN COMMUNITY TRUST LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Alms, Oblo¢tlv•s and Publlc 8onofft Adlvltles
The charity and Iiuslees aim to continue lo provide a high quality Service lo the community. The Trust is seeking alternativ&
fundin9 for Ih8 Hom8189s hos181s lo provid& a public s8rvic8. In sh4)in9 our obj8cliv8s for th8 year and plannin9 our gctivikn8S
the trustees have considered the Charity Comtnission guidance on public benefil including the guidance 'publi¢ benefit".
running a charity
A¢hievemonts and P•rforman¢¢
Whilehaven Community Trust 15 a diverse and lexible charitable organisalion that has been delivering socially relevant
projects for the benefit of Ihe local ¢omrn(Jnily for Ihe past thirty four years. We are committed lo la¢kling social disadvantage
and reducing the impact asxxiaied with varK)us r81al8e issues, including hornelessness poverty, and health and wellbeing.
throughout the district of Copeland and beyond.
Ovgr the years our core areas ol expertise with young pgople aged 16 - 24 ye8r3 ha8 grnerged, Thg Trust's flagship project,
the MArkpt Hall Cafe, which opened in 1993, provided training and work experience for 715 youn9 people during its 20 years
ol operallon. Buildlng on the 8xpfrrlen¢e galned with th9 young people In the cafe and r8spondlng lo the lack of SLJpporfed
ccommodalion in th8 Copeland area. the trust opened ils first 5UPPOrted housing projecl. Bakewell House. in 1998. offerir)g
a Stable, secure and comfortable living environrnent for 16 - 24 year olds. originally with 24 hour support but later reduced
to fundin9 Cut ba¢ks. Due lo high dornand lor plocgs a $g¢?nd youn9 pgrson's homtrlgss hoslel. 1 Lowthor Slreel.
op8ned in 2005. A lurther property, Smith House, was secured in 2011 wilh funding from Francis C Scott Trust and Copeland
Community Fund. This was renovated and converted into four studio trainer flats known as our 'Move On Project, to benefit
th8 young ptropl¢ ol our Homeless Hosl$ls. Over 700 young peoplg werg supportod in Ihtr hostels unlil ¢hang&s lo Ihe
contract with Cutnbria County Council led to the Tru51 withdrawing from the tender process in June 2016 and the subsequent
¢I￿Ure of the hostels.
During the 2016117 year the Tru51 worked tirele55ly lo secure allernab've funding lo re-open the Hostels. Bakewell House
re-opened in O¢lober 2017 8$ a 'Mother ond Boby" Unil ond Lowther st￿et re-opened in December 2017 for homelpss 16 -
24 year Qlds.
Thc Trust plso own? th¢ S¢nhouJc C¢ntr¢
'A ploc¢ fgr Hoollhy Livin9" whi¢h oponcd in Moy 2000 with oim gf promoting
healthy liviny in the ￿￿munity. The centre has therapists. counsellors and Cornmunily groups using the laiililie8 who supply
a range ol treatments and servI￿s. The rental income frorn thi5 enables the Trust lo give free room hire lo groups and
counsgllors offgrlng Ire9 s¢rvl¢¢$ lo Ihg lo￿1 ¢ommunliy, Thg centrg provid9$ 9mploym$nl for tWQ Port tlmg $1off. and one
volunteer, For 7 ygars Ihg Trust succe55fully ran the wellbeing programrne from Ihg Sonhou59 Cenlre. which was funded by
Thp. Bio Lnltpry And pinvirlgd frp.p .sp.rvir.p.$ n r.nnfidpntiAI liqtp.nin9. ynijno pp.rsnn'g ano?r And strp8.8 mHnaopm?nl. qtrp.qq
awaroness workshops, Support gr¢ups, $elf4slogm and sgw-confidonco workshops..
The site of the old Whilehaven Potlery is now the home of the Whitehaven Community Trust's main office. Previously
purchasèd by thè Trusl and usad as a commèfcial pottery offaring bsspokè caramics to ordgr, tha building was rèluibishad in
2015 wh8n the Trust r&locat8d ils rnain offic85 frotn the Market Hall. Siluat8d in the lown's rnarkel place, the building also
offers affordable town centre office space for other Itxal businesses and comrnunity groups.
Transactlong and Flnanclal POs￿10n
The slalemonl ol financial aclivitios shows net ¥xpandilura for the year of £73,014 and al tha yoar end. Ihe res8tv8s stand at
£1,614.381 in total. Included within the linaneial statements is the designated reserve for the Freehold and Leasehold
properties which are included al v8lu8tion. It h8s been necessary lo creale the reserve in order lo give a true representation
of Iha lovol of rttserves availablo lor the charity uso to mo01 rts day to day charitable activities. Tho freohold and loasehold
proptsty restrNe is £1,345,312..
Tanglble Flxed Assets for use by the Charlty
D818ils of movements In fbxed as£els ar& sel out In note 11 to the 8¢counl8. The Iru81&6s have prevlously revalugd various
properties owned by th& charity which led lo a revaluati￿ reseNe of £573,231.

WHITEHAVEN COMMUNITY TRUST LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Oblectlves and actlvStles
Investment Pollcy and Returns
Any short Icrrn surplus Msh is dcposited with Nats'onol wcstrnin?t￿ Bank Pl¢. Ng rncdiurn or lon9 term invc5tmcnts ar¢ hcld
by th8 company.
R•serv•8
The trustees consider Ihe current level ol resetves as adequate, however when the freehold and leasehold property reserve
and rov8lLJalion r8sarvoq 4r8 èxeliJd•d, règoNès qtand at P269.06q. Fiitijro d8livory of attlvltio% lg dapènd8nt iipon rècoivin
funding, however the charity has a good relationship with lis lunding agenls and th8 trustees beli8V8 funding is expected to
be maintained.
Futuro Plan$
We have begn working with Lloyd$ Foundation on a Tru$lo0 gudit and a $lrg1ggi¢ plan for th$ luluro ol tho Tiusl, this should
be complel&d in 2023. The directors have decided during 2023 that the trust viill consolidate lis position and projects with no
expansion or new d¢veloprnenls,
The engagement of our professional fundraiser will be continued.
We will continue lo supwort staff with qualily trainin9 and development.
We aim to provide our Servi￿ users and Clients with a quolily Servi￿ a¢ross 011 our projects.
Th8 Iru61ees' report was approved by the B02rd ol Trustees.
Nqr M P3rlell
Tru8t••
1 July 2024

WHITEHAVEN COMMUNITY TRUST LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WHITEHAVEN COMMUNITY TRUST LIMITED
I report lo the tru5tee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 Whit8haven Comrnunity Tru51 Limiled Ilhe charitable
company) for the year ended 31 December 2023.
Ro$pon$lbllltl&$ and b¥sl$ of roport
As Ihe trustoes ol tho charitable company land also its directors for the purposes of company lawl yw are responsiblg for th8
pr8paralion ol lh8 lina￿￿1 slal8m8n15 in accordanc8 with the r8quir8rn8nt5 01 lh8 Cotnpani85 Act 20J6 lthe 2006 Actl.
Having satisfied myselllhal Ihe financial slalemenls of the charitsblp company are not required lo be audited under Part 16 of
the 2006 Art and are eligible for it￿epeNdent examination. I report in respect of my 8xaminats.on of Ihe charitsble company's
financial slalernenls carried aut under section 145 of the Charities Act 2011 (the 2011 AGtj. In carrying o(Jt rny examination I
havg followed all th9 appllcablg Di1g¢llons givon by Ihe Charlly Commisslon undfjr s$¢llon 1451511bl of th9 2011 A¢1.
Ind•p•nd•nt •xamln•r's stat•m•nt
Slnce th8 charltable cornpany's gross incom• exc88ded £250.000 sr)ur 8xamln8r musl be a m•rnb•T ol a body li51ed In
section 145 01 the 2011 Act. I confirm that l am qualified lo undertak8 th• éxarninatlon becau￿ l am a member of ICAEW.
vihieh Is one ol the Ilsied bodles.
I have completed my examinalion. I confirm Ih8t no matters have Come lo my Otten￿'On in connection with the ex9minalion
giving m6 caus8 to beli6ve that in any malarial r8specl'.
8¢counling records were not kept in respe¢l of the ¢haril8bl¢ wrnpany as required by sg¢lion 386 of the 2006 A¢l', or
the fin8nclal statements do not accord with those records., or
the financial statements do not comply with the acwunting requirements of section 396 of the 2006 Act other than any
requirement that the a¢counts give o true ond loir wew which is not o maller ¢onsidpred as part gf an independent
exarninaiion., 01
the financial slalement5 have not been prepared in accordance with the methods and principles ol the Statement of
Rgcommondgd Prgcti¢e for a¢¢ounting and r¢poriing by ¢harilio$ applicablg lo ¢hariligs pr&paring their a¢¢ounls in
accordance with the Financisl Reporting Slaiidard applicable in the UK and Republie ol Ireland IFRS 1021.
I have no concerns and have come across no other matkrs in conneclion wrth the examination to which attention should be
drawn in thi$ 18port in order to en8bl& 8 propgr und&rstanding of the financi81 $latam8nls to b& reached.
Tony Hindtrwr FCA
Armstrong Wal$on LLP
Chartered Accountants
Carleton House
136 Gray Street
Workington
Cumbria
CA14 2LU
Dated.. 1 July 2024

WHITEHAVEN COMMUNITY TRUST LIMITED
STATEMENT OF FINANCIAL ACTtVlTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Currènt linan¢ial yèar
Unrestricted De5ign3ted
funds
funds
Restrictsd
funds
Total
Total
2023
2023
2023
2023
2022
Notog
In¢omo from:
Donations and legacies
Charitable 8¢1ivilies
Investmen15
28,117
238,100
3.861
100,000
128,117
238,100
3,861
237,756
206,940
852
Total Incom•
270,078
100,000
370,078
445.548
enditure on:
Charilablè *tiv￿.8&
230.828
212,264
443,OJ2
367,J98
N•t Incomlnglloutgolngl r••ourc•8 b•lor•
tr8n$f¢r8
39.250
1112.2841
173,0141
77.550
Gross transfers between funds
6,219
16,2191
Net incomellexpendilurel for the yearl
Net movement In fundg
45,469
16,2191
1112.2641
173,0141
77.S50
Fund balances al 1 January 2023
961,530
579.450
146,415
1.687.395
1,609,845
Fund bal•n¢g• 4t 31 Do¢tmber 2023
1,006,999
573,231
34,151
1,614,381
1.687,395
Th8 stat8m•nt of ffinancial activlli8s includes all galns and lossés r8cognls8d In th8 y83r.
The Stalomenl of fin8n¢i818clivllies in¢ludes 811 g8lns and losses recognised In tho ye8r. All Income expenditure derlve
from coniinulng activlll•s.
The slatarnenl ol financial activities also complies wilh the requirements for an income and expenditure account under the
Companies Act 2006.

WHITEHAVEN COMMUNITY TRUST LIMITED
STATEMENT OF FINANCIAL ACTtVlTIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Prior finan¢ial ytsar
Unrestricted Designated
lund5
funds
Restricted
fund8
Total
2022
2022
2022
2022
Not•8
Income from:
Donalions and legaci$s
Charilable ￿tiV￿.￿S
Investments
13,961
206.94D
852
223,789
237,756
206,940
852
Total income
221,759
223,789
445,548
Ex
•ndltura on:
charitable activrtie5
169.463
198,535
3fj7,998
Net incominglloutgoingl resource¥ before trangler¥
52,296
25,254
77.&50
Gross Irsnslers between funds
6.219
18,2191
N•t In¢omell?xpendlturel for the yearl
N•t mov•m•nt In funds
58,515
16,2191
25,254
77,S50
Fund balancés at 1 January 2022
903,01 S
585.669
121,160
1,609,845
Fund balanc•s at 31 0•c•mb•r 2022
961,S31
57Y,45U
146,414
1.6117.395

WHITEHAVEN COMMUNITY TRUST LIMITED
BALANCE SHEET
AS A T 31 DECEMBER 2023
2023
2022
Notes
Flx•d ass•ls
Tangible as￿(5
12
1,348.738
1.3fj0.832
Currènt assèts
Debtors
C8sh al bank and in hand
13
2,602
268,165
4.180
326,967
270.767
331,147
Creditor8: amounts hlling duo within ono
y•ar
14
lJ,1241
Net current assets
265,643
326.563
Total assets less current IlabllltleB
1,614,381
1,687.395
Incom• funds
Flestricted fund$
Designated lunds
Unr8slrict•d funds
16
34,1S1
573,231
1,006,999
146,414
579,450
961.531
1,614,381
1,687,395
Th8 company is enlilled lo the exemption from the audit requirem8nl contained in section 477 01 the Companies Act 2006, lor
the year ended 31 De¢ernber 2023.
Th8 dir•ctors acknowl&Yg• théir responsibi1th.￿ lor complying with th8 requir8monts of th6 Companles Act 2006 wlth r8sp8cI
lo aecounlng Mcords and th8 pr8parallon of Ilnandal stat8mènts.
The members have not required the cornpany lo obtain an audit of its financi81 $18lemenls for the year In question in
accordance wilh section 476.
These financial 51alernenls have teen prepared in accordan￿ with the provisions applicable lo cornpanies subject lo the
small ¢ornpgnies re91ff￿.
The financial Slalemenls wgre approvg(J by th8 Trustees on 1 July 2024
Nlr M Parlell
Trustee
Company reglstrallon number 03291380

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Ac¢ountSng pollcle8
Ch8rity infowmation
Whitehaven Cornmunity Trust Lirnit•d is a prlvate company limlled by guarant88 Incorporatad in England and Wales,
Th8 régisl8r8d offic8 Is 13. 15 Mark81 Placa, Whlt8havèn, Curnt*ria, CA28 7JB.
1.1 Accounting conventlon
Th& financial stalemènts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)aritabl& eornpany's gO￿rning docum8nt, th8
Companies Acl 2006, FRS 102 The Financial Reporting Standard appli¢8ble in the UK and Republic of Ireland" I'FRS
1021 and the Charities SORP 'Accountr'ng and Reportsng by Charities.. Slalement ol Recommended Practice
applicable to charilies preparing their a.-
-counts in accordance with Ihe Financial Reporting Standard applicable in the
UK and Rapubllc of Irèland IFRS 1021"18ffectSvè 1 January 20191. Tha tharilabl6 company is a Publlc Benefit Enllly as
defined by FRS 102.
Thè charllabl8 Company has t•k8n advantag* of th• provlslon8 In th• SORP for eharfll*$ not lo pr8par• a Statement of
Cash Flows.
The financial slalements are prepared in 618rfing, which 15 the functional currency ol the charitable company. Monetary
cLfTivurIl￿ iri tli¥t>¥ firicifiLial sltil*iri#ritS dr# rourid*d lu Ili* ri#tir#t>t £.
The linon¢io1 Stolements ho'le been prepored under the historical ¢osl ¢onvents'on, modified lo Include the revaluolion
ol freehold properties and lo include inyestrllgnl propgrtie$ arKI certain financial inslrutnents al lair v81ug. The prinapal
accounting policies adopted are set out below.
1.2 Golng ¢on¢gm
Al the lirne of approving the financial s13lernenls, the Iru51ee5 have a re850nab1e expectation that the charitable
company h85 ad8quat8 resourc8s to continu8 in op8ralional 8XlSt8nc• lor th8 lor8588abl8 future, Thus the trust8eS
contlnu8 to adopl tha golng concern basls ol accounllng in pr8parfng th8 flnanclal slat8manls.
1.3 Charitable fund
Unr8slriclèd funds ar8 avallabl8 fDr use at the discrètlon of thè trusl88s In furth8ranc8 of thalr tharltable obl8ctlv&s.
Restricted funds are subject 10 6pecrfic conditions by donors or grantors as lo how they may be used. The purpDS8S
and uses ol the restricted funds are set out in the notes to Ihe linanaal statements.
Endowmbnl funds ar8 subjecl lo Specific conditions by don¢rs that the capital mu81 be mainlaingd by th¢ ¢harilablo
cornpany.
1.4 In¢orn•
Income is recognised when the charilable company is legally entilled lo it after any performance conditions have been
mel, Ihe amounts can be moasurgd reliably, and il is probable that income will be re¢givgd.
Cash donations are r8cognis8d on receipt. Othttr donaliuns are rtrcognistrd onc8 the charitable company has been
notified ol Ihe donation, unless performance conditions requi￿ deferral of the amount. Income tax recoverable in
relation lo donations r&ceived under Gift Aid or dèeds ol cov8nanl 18 recognised al the lime of Ihe donation.
Legacies are reGognised on receipt or otherwise il the tharilable company has been nDlified ol an impending
distribution, the amount is known, and receipt 15 expected. 11 the amount is not known, the legacy is Irealed a5 a
contingent asset.

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢ounting policies
Icontinutdl
Gr8ntg are re¢ognised vthen the ch8rit5* h88 8n entrfement to the funds and 8ny ¢ondibtsns linked to the gf8nt$ have
been rtiet. Where perforrnance conditions are attached to the grant and are yel to be met, the incorne is recognised as
a Ilabllily and included on the balanc& sheet as deferred Incom6 to be rekased.
Government grants are recognised based on the accrual moeel and are measured al the fair value ol the asset
rp.r.?ivpd r)r rpp&.IVAhlp r?fAnt* arp. eJ2*8ifip.d A* rpLoting p.ilhor tn rp.vpniJp nr In a.*qpts C7fAnls rp.IAtino In ￿.￿pn1J?. Arp
recogn158d in inwme over the perlod in which the related costs are recognised. Gr8nis r8laling lo assets are
recognised over Ihe expected useful life ol the asset. Where part ol a grant relaiing to an asset is deferred, it is
recounised as deferred income.
Dividends are rerAJgnised once Ihe dividend has been declared and notifi'cation has been received of the dividend due.
1.$ Expendlturg
Expenditure i¥ r&ognised on¢6 there is a legal orcon$lruclivè obligation to Iran81&r economic b6n81rt to a third party. il
is probat)le th31 a trdnsfer ol economic benefits will be required in settlement, and the amount of the obligation can be
me8sur8d reliably.
Expenditure Is classified by aotivbty. The costs of each activity are rnade up of the total of direct costs and shared costs.
induding suppod cosis involved in undertaking each aclivity. Direct costs 8llribulable lo a single activity are 8lloc8l•d
directly lo that aclivily. Shared costs which contribute to more one activily and sUPPOrt costs which ale nol
attributable to a single activity are apportioned between those activities on J basiB cx)nsistent with th8 US8 of resources.
Central staff eosts are allocated on Ihts basls of tlmè sp6nl, and deprociallon ¢harg88 are allo¢al8d on the portlon of th8
asset's use.
Charitable expenditure comprises those costs inDurred by the charity in the delivery of its activities and services for its
beneficiaries,11 includtss both Cosis Ih81 can b6 allocated dir&¢lly lo such 8clivi118s those eosls of an indir8¢1 nalurts
necessary to support them.
Govéfnane¢ eosls include the cost8 allribulab16 to th8 charity s Compliancè with ¢onslilutional and slaluloty
requirements. including audit. strategic management and tru5tees's meth'ngs and reimbursed expense5.
1.6 T#nglbl• Ilx•d •ss•t*
Tangible fixed assets costing £500 or more are initially measured et cost and subsequently measured ot cosl or
valuation. n¥1 ol dop￿Cla110n and any impairmenl10ssgs.
Depreciation is recognised so as to wrltè olf the cost or valuatlon of assets l•ss thalr resldual values ov8r Ih8lr useful
livès on tho lollowing bagos..
Freehold land and buildings
Fumiture and equipment
100 year6 slraighl line basis
4 ye8r5 slraighl line basis
The ggin or loss grisinc on th¢ disposal of an asset is d¢termin¢d as the difference bdweon the sal¢ proceeds and the
carrying value ol th6 a$801, and is I&co9nis&d in lh8 sl818menl of financial 8ckn'vili88.
1.7 Impalrrn•nt of fix•d a559ts
Al each reporting end dale, the charitable company reviews the carrying amounts ol ils tangible assets to delerrnine
whether thero 13 gny indicatk)n thet those a$$el8 h8ve suffered an impaiiment 1088. If any such indication exi8to, th¢
re¢ovgrabl& am￿NI of thtr 88sè1 is &slim8led in ordar lo determine the exlenl ol the imp8irmenl10s8 lif any),

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢ounting policies
Icontinutdl
i.e et$h and ￿tsh oquivalontj
Cash and cash equivalents include cash in hand. deposits hdd at call wilh banks. other short-term liquid investments
with original maluritios of three months or1os$, and bank overdrafts. Bank overdrafts are shown wlhin bc>rrowings in
urrenl liabilities.
1.9 Flnanclal Instruments
The charitable company ha5 elected to apply the provisions of Section 11 'Ba5ic Financial Instruments. and Section 12
'other Financial Instruments Issues, ol FRS 102 to all of ils financial instruments,
Flnanclal Instruments are ￿cOgniSed In thè chadlable company's balanc8 sheet whèn the chantable company
bècornes party lo tha conlrxtual provlslons oy th8 In51rurnenl
Finan¢181 assets and liabillties are offset, with thè net 8moLJnts presented in the fin8nclal statements, when there 1$ 8
legally enforceabl8 rlght to set off recognlsed amounts and there15 an intention lo settle on a n8t basis or lo realis8
th8 ass81 and $81118 the Ilablity slmullan80usIy.
BasSc flnanclal a$sg1$, whl¢h Include deblors ond ¢a$h and bonk balancos. aro inltl$lly mogsurgd al Iransa¢llon prl¢e
induding Iransaclion cos15 are subsequently carrigd al aTnorts'sed wst using the effective inleresl rnelhod unless
the arrangement constitutes 8 financing transaction, where the transaction is rneasured at the present value of the
future rè¢91pts dlKounlgd 01 a markol ratg of in¢¥r?sl. Fln8nck41 $s8&18 ¢la$S￿e￿ a$ rgcelvablo wthln ong year org nol
aMOrti￿￿.
Basic financial liabilities
Bas1¢ fln8n¢i81 liabilities. including credilors and bank 108ns are Ini118lly recognised 81 transadion price unless the
arrangement constilules a financing transaction, ￿here the debt instrument is measured al the present value ol the
future payments discounted at 3 market rate ol interest. Financ131 liabilities classified as payable within one year are not
amortlsed.
Débt Instruments are subwuéntly eariièd al arnartlS8d cost, using thè Èffèctivé Inlarèst ratè method.
Trade creditors are ubligalions lo pay for goods or services that havtr been acquired in the ordinary course ol
opèrations from suppliars. Amounts payable are ¢Lasslliod as current liabllille$11 payment is dLJe within onè yèar or18ss.
If not, they are piesenled 8$ non-currenl liabilities, Trade ei8dilois are recognised initially at transaction piic6 and
subsequently measured at amortised Cost using tfri8 effective inl8rÈst rnelhod.
Dere¢ognlilon olflnan¢141 Ilablll¢les
Financial liabilities grè deretognised whon the oh8ritsble compgny's ¢ontro¢tu81 obliggtion$ expire or are discharged or
C8ncellèd,
1.10 Employee bengflts
The cost of any unused holiday enlitlemenl 18 recognised in the period in which Ihg employee's 88rvices are received.
Ttrrmlnallon benefits are recognlsed Immedlalgly as an expanse when the charilabla wmpany 1$ d&mon8trably
commilled to terminal8 the ernployment ol an employ89 or lo provide termination benefits.
10-

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢ounting policies
Icontinutdl
1.11 Retir•mènt bènèfits
The charitable company operates a defined contribution pen￿on scheme which is a pension plan under which fixed
contribtjlions aro paid into a pension fund and the charity has no18gal or ¢onslru¢tiue obligation lo pay furth&r
ontributions even if the fund doe5 n()t hold sufficient assets ID pay all employees the benefits relakn'ng lo employee
service in the current and prior periods.
Paymenls lo delned contr1t￿tIOn retirement benefit schemes are charged as an expense as they fall due. 11
contribution payments ex￿ed the contribution due for service. the excess is recogrysed as a prepayment.
Criti¢al •¢¢ounting *$tim8t$8 and judg•mont8
In the applicalon ol the charitable company's accounting pDlSci83. the Iru51e85 are r&quired lo make ludgemenls,
estimates and assumptions about the carrying amount of assets and liabilitl8s that are not readily appar8nl Irom olh8r
sources. The eslimales and associated ossumplions ore based on hisloiical experi&n¢e and other laclors that are
¢onsldtr8d lo be rel8¥anl. klual results may dlffer from Iha8e 88llmal8s.
Thè eslima16s and undèrfying aSSLJmptions are rèviewed on an ongoing basis. Ravisions to a¢eounling eslirnates arg
ré¢ogni5td in the period in which the ttslimale is revi5ad where thè revisk)n affects only that period, or in the pèriod ol
the revision and Tulure perI￿S where the revision aff8Cts both current and future periods.
In¢om• from don•tlon$ and 19g8¢10$
Unre¥tri¢ted Restricted
funds
lunds
2023
2023
Total Unrestricted Reslricled
lund8
fund8
2022
2022
Total
2023
2022
Donations and grfls
Grants re¢eivabl8
8.999
19.118
8,999
119,118
13,967
13.￿7
223,789
100,000
223,789
28,117
100,000
128,117
13,D67
223,78g
237,756
Grants receivable for core activitieg
Oth8r
19,118
100,000
119,118
223,789
223,789
19.118
100,000
119,118
223,789
223,789
11

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from clwrltable actlvltles
Unréstrieted
nds
2023
UnroJtri¢tod
fund$
2022
CBC - Hou51ng Len8fil
Roorn hire and other
181,866
56,234
158,(￿3
48,877
238,100
206,940
Ineom• from Investments
Unro$trl¢t•d Unr•$trl¢t•d
funds
lunds
2023
2022
Interest receivable
3.861
12-

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expendltur6 on charStablo actlvltles
Unrestricted
Regtricted
2023
Totfjl Unrestricted
2023
2022
Re8trieted
2022
Total
2022
2023
Dlm¢t ¢ost8
Staff wsts
Deprtrclalion and
irnpairment
Training costs
R•nt and ral•s
Llght, h8at and p)war
Insurance
Repalrs and rènewals
Telephone
Printing, postsge and
stationary
S¥Luiily &i)d otli8f LOSIS
Lggal 8n¢J professlonal f999
21,430
204.764
226,194
45,438
130,000
175,438
16,361
2,462
11,fj30
11,255
23.473
22,913
5,846
16,361
2,462
11,630
11,255
23,473
30,413
5,846
15,293
15,293
8,747
8,983
19.640
9,206
2,004
8,747
13.983
34.cvlo
25,741
s,000
7,500
18,535
2,000
723
78,885
723
78,885
1,226
28,753
1.226
58.755
30,000
17,176
455
17,176
455
12,778
420
12.778
420
Bank ¢horg¢S
212,e09
212,284
424,873
152,490
198,535
351,025
Share of support and governance costs Isee note 71
Governance
18,219
18,219
16,973
1fj.973
23Q,828
212.254
443,Q92
109,4fj3
198,535
3fj1,¥ae
Analysls by fund
Unr8slricl8d funds
Restricled fund5
230,828
230,828
212,264
169,463
189,463
198,535
212,284
198,535
230,e28
212.264
443,092
169,463
198,535
367,998
13-

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Governance costs
Governance
Ists
2023
Govefflan¢e
osts
2022
Staff costs
13.027
13,027
11,595
11,595
Lègal and prol966ion81
Other govemanLp costs
J.002
1,200
3.092
1,20D
4,178
1,200
4.178
1.200
18,219
18,219
16,973
16,973
Analysed between
Charitab18 activrties
18,219
18,219
16,973
16,973
Nel movernent In funds
2023
2022
Th8 n81 mDvam￿l in funds Is stal8d aft•r chargingllcr8diiingl'.
Depreciation ol owned tangible fixed as5els
16,361
15,293
Trust90$
None ol the Irust8es lor any person5 connected with them) received any r8rnun8ralion, expenses or other ben8fils
from the charitable cornpany during the year.
10
Employws
Th& average monthly number ol employe&s durlng Ihe y8ar was..
2023
Nurnber
2022
Number
Chief executive and company secretary
Direcl ch8rilable work
Charitable administration ond management
10
Total
13
Employm•nt costs
2023
2022
Wages and salari89
Social securily costs
other pension costs
225,797
8,943
4,481
176.fYa7
7,78
3,150
239.221
187,033
14-

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Employ•¢$
Icontinutdl
11 12022- 111 of the above empltsyees p8rtiClP8ied in the Delined Contributions Pension S¢heme.
Contnbutions to Ihe 6rnployee ￿nsIOn scheme for the yèar totalled £4,48112022- £3,1501.
There wore no enploye85 whose annual rernuneralion was more than £60,000.
11
Taxatlon
The charitable company 15 a regisler8d charity and is therefore exempt from taxation.
12 Tan9lbl• fix•d ￿*•ts
Fwhdd land Furnllure and
nd bulldlngs
8gulpm6nt
T*Jlal
Co$t
At 1 January 2023
Addilijns
1,514,628
38,642
4,267
1.S53,270
4.261
At 31 December 2023
1,514.628
42,909
1,557.537
D•pr•¢iation and impAirm•nt
At 1 January 2023
Depr$¢i¥lion chorged in the y¢ar
154,170
15,146
38,268
1.215
192,438
16,361
Al 31 December 2023
169,316
39,483
208.799
Carrying amount
At 31 December 2023
1,345,312
3,426
1,348.738
At 31 Dècembèr 2022
1,360,458
374
1,360,832
15-

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
12 Tangiblo fix•d ass•ts
Icontinutdl
The carrying value of18nd Included In land and buildings ¢omprises'.
2023
2022
Fieehrild
1,345,312
1.380,458
The charity owns the following freehold prOpe￿.eS.
lal SEnliouse Ceiitre. 3 Seiihouse Street, Wvhilehaveii
This property was aCqUi￿d In 1999 81 a cost of £60,000, for us¢ gs a healthy liwng ¢entre. Refurbishment worf( was
arried L)ul and in 2003 Ihg property was r8valued 81 £300.000. Since then further work h88 be8n carried out on the
property and as at 31 December 2023 Ihe net book value is £340.670.
Ibl 1 Lowlhgr Str9et. Whilghav8n
This propety was acquired In 2002 al a cost of £90.000, for the use as a hostel lor teenage pre9nancies and to provide
support lor young women ltrough all stsoes of pr¢gnan¢y. Renovalign work hos been corried Dul ond in 2004 Ihp
property was rgvalu8d al £260.000. Since then further work has been carried out on Ihg propgrty and al 31 Deogtnber
2023 the nel book value is £222.576.
Icl Smith House. 14114A Church Slreel, Whilehav8n
This property was acquired In 2010 al a cost of £74.942, for the use as parl of the 'lAove On Piojecf, to help young
poop19 movg Out of host91$ ond 18k¢ o sl&p towards unsupportgd Ilving. Rgnovatlon work has btron Carrlgd out on the
property ¢0 convert il into four Ilals, A8 at 31 December 2023 he nel book value is £240,4fj8.
Idl Bikewell House, 41 Lowlh9r Slrg$1, Whil¢hav$n
This property was acquired In 1997 with funds Irotr) the Big Lottery Fund lor use as a hostel. The Fund previously held
an interest in the property. however the liability period has now ended and the Big Loltery Fund have confirmed Ih£t
Ih9y no longer havg an inlorost in Ihg propgrty and Ihtrrg 1$ no rgslriction on tho tille or any ref¥$nc$ lo a legal ¢harg&.
The Trust is now free lo de81 with the property wilhoul requiring any consent frorn the Big Lottery Fund and during 2018
it oarried out improvements lo the properly. As ot 31 Decembpr 2023 the nel value is £202,100.
lel Whilehaven Pottery. 13-15 Market Place, Whilehaven
This property was acquired In 2001 with funds from the New Opportunities Fund, who held an interest in the property. It
indudes a pottery workshop, 8 shop and offices. Tha New Opportuniti8s Fund have conlirtn8d that Ihey no longer have
an Interesi In the property ancj Ihere Is no restrSctlon on tre t11￿ or any relerence io a legal charge. The Trust Is now
fre? to deal with the property withoul requiring any consent from the Nemr Opportunities Fund. As al 31 December 2023
Ihg book value 15 £339,500,
In additSon to tho revaluatlon of tha Whltghaven Pottèry proparty this y8ar, durfng 2003 and 2004 lh& frgehold
propertie8 qt Senhou8e Centre 1 Lt>wlhgr Street were revalugd by Ihe TruBtee3 In 2017 the property Bt
Bakeivell House was also revalued. The unrealised surplus on revaluation, which surplus primarily reflects a fair valu?
on thé prope￿@$, Is includad in tha accounts at £573.231 as al 31 Dgcamb8r 2023.
13 D•btors
2023
2022
Amounts falliny due within one year..
Prgpaymants and accru$d incomo
2,602
4,180
16-

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Credllors.. amounts falllng due wlthSn one year
2023
2022
Awrua15 and def8rrgd incorne
5,124
15
Retirement ben•fil schernes
2023
2022
D•flnod conlrlbutlon $¢hem•$
Charge to proflt or loss In respect ol dellned cOnthbu￿on schemes
4,481
3,1SO
Th& charitable Company operates a dtsfined contribution pen%on gehema lor all qutjifying 6mploye88. Th6 8$8el6 of
the schem& are h8ld s8paratÈly Irorn those ol the charitable wmpany in an independently adrvynislered fund.
16
Ro$trl¢t&d fund$
Thè reslri¢led funds ol the th8rity ¢ornprise the un&xpended balances ol donatlDn$ and gr8nls held on trust subjè¢1 lo
8pe¢ifi¢ conditions by dofflors as lo how they rnay be used.
Mov4mènt In funds
In¢ornin9
R••purc••
exp•nd•d l January 2023
Movomgnt In funds
Incornin9
8oure•8
Balanc•4t
l January 2022
Ball￿• at
•xp•nd•d 31 Doc•mb&r
2023
Staffing and
running costs
Refurbishment
112,727
219,897
1193,7091
138,915
100,000
1204,7641
34,151
8,433
3,892
14,8261
7,500
17,5001
121,180
223.789
1198.5351
146,415
100,000
1212,2641
34,151
Th8 réstricl8d funds ar8 as follows..
Staffing and running costs Funding wa5 received from multiple donors lo help with the staffing and running costs of
Bak8ivell House and Lowlher Stie81 which enabled th8 rnolh8r and baby unil and housing pro￿7510n to carry on
runnin9.
Refurbishrnent and renewals - Funding was r8c8ived frorn multiple donors to help with th8 kitch8n relurbishmenl at
Lowther street as well as Other repairs and a150 to purchase ilems such as bed5 and furniture.
17-

WHITEHAVEN COMMUNITY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17
Unrestrlcted funds
The unre8tri¢ted lunds of the charity ¢ompri$e ihe unexpended b818nce$ of dtsn8tion8 and gr8nt8 which 8re not 8ubje¢t
to specific condibons by donors and grantors as to how they Nay be used. These ir￿ude designated funds which have
beèn sèt aside out ol unrestrlcted funds by the trustees for specllic purposes.
At 1 January
2023
Incornlng
resources
Resources
expended
Transfers4t 31 December
2023
General funds
961,530
270,078
1230,8281
6,219
1,006,999
Previous year:
At 1 January
2022
Incorning
resources
ReBources
oxpendod
Tran8fer&4t 31 December
2022
General lund8
903.016
221,759
1169,4631
6.219
961,531
18 Analysi8 of n•t a8sets b•lwe•n fundi
Unr•gtrict6d
funds
0•8ignated
funds
R•8trict•d
funds
Total
2023
2023
2023
2023
At 31 Dg¢embai 2023:
Tangible a55e15
Currenl 8ssetsllliabilitiesl
775,507
231,492
573,231
1,348.738
265,643
34.151
1.006,999
573.231
34.151
1.614,281
Unr•slrlcted
funds
D•*lgnal•d
funds
R•strlct•d
funds
Tolol
2022
2022
2022
2022
At 31 December 2022:
Tangible assets
Currenl assetsllliabilitiesl
781,382
180,149
579,450
1,360.832
326.￿3
146,414
961,531
579,450
146.414
1.687,395
19 Relatod party transactlons
Th8re were no di5closable related party transactlons during the year12022- nonel.
18-

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registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of
the Companies Act 2006.