Registered number: 03291380
Charity number: 1060245
Charity Commission
25SEpff•
WHITEHAVEN COMMUNITY TRUST LIMITED
{A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Armstrongwatson,
Accountants, Business & Financial Advisers

WHrfEHAVEN COMMUNITY TRUST LIMITED
{A company limited by guarantee)
CONTENTS
Page
Reference and admlnistrative details of the Company, its Trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
10-21
The followtng pages do not fO￿n part of the statutory financial statements:

WHtrEHAVEN COMMUNtrY TRUST LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Mr J Taylor, Trustee
Miss J Nicholson, Trustee
Mr N Clarkson MBE, Trustee
Mr M Parlett, Trustee
Mr D Lord, Trustee
Company registered
number
03291380
Charity registered
number
1060245
Registered office
13 - 15 Market Place
Whitehaven
Cumbria
CA28 7JB
Company secretary
Mrs K Maxwell OBE
Chief executive offtcer
Mrs K Maxwell OBE
Accountants
Armstrong Watson LLP
Carteton House
136 Gray Street
Workington
Cumbria
CA14 2LU
Page 1

WHITEHAVEN COMMUNITY TRUST LIMITED
(A company limitsd by guardntee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Tru51ees present their annual report together the financial statements of the Company for the year 1
January 2024 to 31 December 2024. The Annual report serves the purposes of both a Trustees, report and a
directors, report under company law. The Trustees confimi that Ihe Annual report and financial statements of the
haritable company comply with the current ststutory requirements, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to
charities preparing their accounts in accordance V￿th the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report
required of medium and large companies under the Companies Act 2006 (strategic Report and Directors,
Report) Regulab'ons 2013 has been omitted.
Objectives and activities
Achievements and perfomiance
Main aGhievements of the Company
Whitehaven Community Trust is a diverse and flexible charitable organisation that has been delivering socially
relevant projects for the benefit of the local community for the past 34 years. We are committed to tackling Social
disadvantage and reducing the impact associated wth various related issues. including homelessnes5. poverty,
and health and wellbeing, throughout the district of Copeland and beyond.
Over the years our core areas of expertise with young people aged 16 - 24 years has emerged. The Trust's
flagship project. the Market Hall Cafe. which opened in 1993. provided training and work experience for 715
young people durlng its 20 years of operation. Building on the experience gained with the young people in the
cafe and responding to the lack of supported accommodation in the Copeland area, the trust opened it5 first
supported housing project, Bakewell House, in 1998: offering a stable, secure and comfortable living
environment for 16 24 year olds, originally M*ith 24 hour support later reduced due to funding cut backs.
Due to high demand for places a second young person's homeless hostel, 1 Lowther Street. opened in 2005. A
further propety, Smith House, was secured in 2011 wth 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 the young people of our Homeless Hostels. Over 700 young people were supported in the hostels until
changes to the contract with Cumbria County Council led to the Trust withdrawing from the tender process in
June 2016 and the subsequent closure of the hostels. In 2020 the Trust was given the opportunity by a local
business man to increase our 'Move on Flat, from 4 to 9 with the addition of Wulstan Hall. The flats are
supported by a floating support worker and since opening 22 young people have successfully moved into social
housing.
During the 2016117 year the Trust V￿rked tirelessly to secure altemative funding to re-open the H05tel5.
Bakewell House re-opened in October 2017 as a "Mother and Baby" Unit which has helped 118 young women
and 21 children aged from new born to 7 years old. In 2024 we helped 24 young vnmen and 3 babies. Lowiher
Street reopened in December 2017 for homeless 16 - 24 year olds and has helped 299 young people in crisis
and in 2024 we helped 37 young people.
The Trust also owns the Senhouse Centre - "A place for Healthy Living" ￿lch opened in May 2000 with aim of
promoting healthy living in the community. The centre has therapists, counsellors and community groups using
the facilities who supply a range of treatments and services. The rental income from this enables the Trust to
give free room hire to groups and counsellors offering free services to the local community. The centre provides
employment for one part time stsff, and one volunteer. For 7 years the Trust successfully ran the wellbeing
programme from the Senhouse Centre. which was funded by The Big Lottery and provided free Services in
confidential listening. young person's anger and stress management, stress awareness workshops, support
groups, self-esteem and self confidence vmrkshops. Senhouse Centre has had 11,000 people use the centre in
2024.
Page 2

WHITEHAVEN COMMUNITY TRUST LIMITED
(A company limited by guarnntee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and perfonnance (continued)
The site of the old Whitehaven Pottery is now the home of the Whitehaven Community Trust's main office.
Previously purchased by the Trust and used as a comrnercial pottery offering bespoke ceramics to order, the
building was refurbished in 2015 when the Trust relocated its main offices from the Market Hall. Situated in the
town's market place, the building also offers affordable town centre office space for other local charities and
community groups.
b. Investment policy and perfomiance
Any short term surplus cash is deposited National Westminster Bank Plc. No medium or long term
investments are held by the company.
Financial review
. Going concem
After making appropriate enquiries. the Trustees have a reasonable expectation that the Company has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Reserves policy
The trustees consider the current level of reserves as adequate, however ￿en the freehold and leasehold
property reserve and revaluation reserves are excluded. reserve5 Stand at £326,937. Future delivery of activities
is dependent upon receiving funding. hoV￿ver the charity has a good relationship with its funding agents and the
trustees believe funding 15 expected to be maintained. In 2024 £110,000 from Edward Gosling was re-invested in
the CCLA account.
. Transactions and financial position
The statement of financial activities sh¢)ws net income for the year of £352,598 and at the year end, the reserves
stand at £1,966,979 in total. Included wthin the financial statements is the designated reserve for the Freehold
and Leasehold propertÈes vknich are included at valuation. It has been necessary to create the reserve in order to
give a tnFe representab'on of the level of reserves available for the charity use to meet its day to day charitable
activities. The freehold and leasehold property reserve is £1,340.666.
Details of movements in fixed assets are set out in note g to the accounts. The trustees have previously revalued
various properties owned by the char5ty Nthich led to a revaluation reserve of £567,012.
structure, govemance and management
. Constitution
Whilehaven Community Trust Limited (known hereafter as WCT), vrds incorporated on the 12 December 1996
and is constituted as a company limited by guarantee, and is therefore governed by a rnemorandum and articles
of association. The company was registered as a charity wtth the Charity Commission for England and Wales on
20 January 1997.
Page 3

WHITEHAVEN COMMUNtrY TRUST UMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structurei govemance and management (continued)
b. Methods of appointment or election of Trustees
The Trustees are from a variety of relevant professional business and charitsble background with a nurnber
having experience in the charity field. The comp051tion of the trustees, board and their experience and skills are
regularly reviewed, to ensure the number and balance of the trustees remains appropriate.
. Organisational structure and decisionwmaking policies
The trustees meet quarterly to review and manage the operation of the WCT. The WCT Team now includes 5
Directors, 8 full time staff and 3 part time staff. One of the directors is a financial director who maintains the
charity's financial systems. The WCT Team meet quarterly to review and plan actiwties.
d. Flnanclal risk management
The trustees actively review the major risks vthich the charity faces on a regular basis and believe that
maintaining reserves at current levels. combined with an annual review of controls over key financial systems,
will provide sufficient resources in the event of adverse conditions. The trustees have also examined other
operational and business risks faced by the charity and confimi that they have established systems to mitigate
the significant risks.
Plans for future periods
During 2024 an incredible opportunity for the Trust came from The Edward Goslling Foundation which appointed
us as having them as a legacy funder for the next 5 years.
The Trust is now also in partnership ￿ryth Cumbria Northumberland Tyne & Wear NHS Foundation for the
development of the Mental Hub in the old Halifax bank on King Street. The NHS have gifted the ownership of the
building to WCT for it to be used w7thin the communty, developments V￿11 start in 2025 with an opening date later
in the year.
The Trust is continuing to engage SUC￿ssfUllY with our professional fundraiser. We will continue to support staff
with quality training and development. We aim to provide our Servi￿ users and clients with a quality semce
across all our projects.
Page 4

WHITEHAVEN COMMUNITY TRUST UMrrED
(A company limited by guarnntee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Stat8m8nt of Trustees, responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the Company and of its incoming resources and application of resources, including
its income and expenditure, for that peri¢Jd. In preparing these financial statements, the Trustees are required to-
select suitable accounting policies and then apply them consistently,
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Stsndards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements-
prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Company's transactions and disclose vAth reasonable accuracy at any time the financial position of the
Company and enable them to ensure that the financial statements comply wth the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Mr M Parlett
Trustee (Chair)
Date: 18 September 2025
Page 5

WHITEHAVEN COMMUNrrY TRUST UMITED
(A compary limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner's report to the Trustees of Whitehaven Community Trust Limited (Yhe
Company.)
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31
December 2024.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance wÉth the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's
accounts carried out under section 145 of the Charities Act 2011 (Yhe 2011 Ac¥}. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in Gonnection with the
examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.,
or
the accounts do not accord with those records; or
the accounts do not comply wth the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fail view 7which is not a matter considered as part of
an independent examination- or
the accounts have not been prepared in accordance wth the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021].
I have no concems 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.
This report is made solely to the Company'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 stste to the Company's
Trustees those matters l am required to stste 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
Company and the Company's Trustees as a body, for my work or for this report.
Signed-.
Dated: i fl.oq .?J
BFP FCA ATT MAAT
steven Kirkbride
Amistrong Watson LLP - Workington
Page 6

WHITEHAVEN COMMUNrrY TRUST LIMITED
(A company limited by guardntee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Restricted
fvnds
2024
Totsl
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
26,887
287,662
9,453
269,000
295,887
287,662
9,453
128,117
238, 100
3,861
Investment income
Total income
324,002
269.000
593,002
370,078
Expenditure on".
Charitable aclivities
372,564
108,340
480,904
443,092
Total expenditure
372,564
108,340
480,904
443. 092
Net movement in funds
(48,562)
160,660
112,098
(73,014)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
1,580,230
(48,562
34,151
160.660
1.614,381
112,098
1,687,395
(73,074)
Total funds carried forward
1.531,668
194,811
1,726,479
1,614,381
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 21 form part of these financial statements.
Page 7

WHtrEHAVEN COMMUNITY TRUST UMITED
(A company limited by guarantee)
REGISTERED NUMBER: 03291380
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixed assets
Tangible asset5
1,332,373
1, 348, 738
1,332.373
1, 348, 738
Current assets
Debtors
10
2,474
627,502
2, 602
268, 165
Cash at bank and in hand
629,976
270,767
Creditors.. amounts falling due within one
year
15,870)
(5, 124)
Net current assets
624,106
265,643
Total assets less current liabilities
1,956,479
1,614,381
Deferred income
(230,000)
Net assets excluding pension asset
1,726.479
1,614,381
Totsl net assets
1,726,479
1,674,381
Charity funds
Restricted funds
Unrestricted funds
194,811
1,531,668
34,151
1,580,230
Total funds
1,726,479
1,674,381
Page 8

WHITEHAVEN COMMUNfTY TRUST UMITED
(A company limited by guarantee)
REGISTERED NUMBER: 03291380
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The Company was entitled to exemption from audit under secb.on 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees aCknO￿edge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial ststements have been prepared in accordance V￿th the provision5 applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Mr M Parlett
Trustee (Chair)
Date.. 18 September 2025
The notes on pages 10 to 21 form part of these financial statements.
Page 9

WHrrEHAVEN COMMUNITY TRUST LIMITED
(A company Ilmlted by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General infomiation
Whitehaven Community Trust Limited is a private company limited by guarantee incorporated in England
and Wales. The registered office is 13-15 Market Place. Whitehaven, Cumbria, CA28 7JB.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 102)
Accounting and Reporting by Chartbes= Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Whitehaven Community Trust Limited meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are inib.ally recognised at historical cost or transaction value unless otherwise
ststed in the relevant accounting policy.
2.2 Going concern
.At the time of approving the financial statements, the trustees have a reasonable expectation that
the charilable company has adequate resources to continue in operational existence for the
foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in
preparing the financial stateements.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the
income wll be received and the amount of income receivable can be measured reliably.
Granls are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occur5
before income is received, the income is accrued.
Income tsx recoverable in relation to investment income is recognised at the time the investment
income is receivable.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activty are made up of the total of direct costs and shared costs. including support costs
involved in undertaking each activity. Direct costs attribulable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support casts which are
not attributsble to a single activity are apportioned be￿een those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 10

WHITEHAVEN COMMUNrrY TRUST LIMITED
(A company limited by guardntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.5 Taxation
The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definition of a charilable company for UK corporation tax purposes.
Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains
received wthin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gain5 Act 1992, to the extent that such income or gain5 are
applied exclusively to charitable purposes.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economi
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. ￿1 costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cosL
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful Itves,
Depreciation is provided on the following bases:
Freehold property
Fi*(ures and fittings
100 years straight line basis
4 years straight line basis
2.7 Debtors
Trade and other debtors are recognised at the setttement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-terni highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities
Liabilities and provisions are recognised when there is an obligation at the Balance sheet date as a
result of a past event, it is probable that a transfer of economic benefit Y￿11 be required in settlement,
and the amount of the setuement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or seNces it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwnding of the discount is recognised in the Statement of financial activities as a finance cost.
Page11

WHITEHAVEN COMMUNITY TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.10 Financial instrurnents
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans thich are subsequently
measured at amortised cost using the effective interest method.
2.11 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company to the fund in respect of the year.
2.12 Fund accounting
General fvnds are unrestricted funds thich are available for use at the discretion of the Trustees in
furtherance of the general objective5 of the Company and thich have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are fvnds ￿lch are to be used in accordance wth specific restrictions imposed by
donors or which have been raised by the Company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investrnent income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations and gifts
Grants
2.702
24.185
2,702
293,185
8,999
119,118
269.000
26,887
269.000
295,887
t28,117
Total 2023
28.117
100,000
128,117
Page 12

WHITEHAVEN COMMUNITY TRUST LIMITED .
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from Gharitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
CBC- Housing benefit
Room hire and other
234,494
53,168
234,494
53,168
181,866
56,234
287,662
287.662
238, 100
Total 2023
238, 100
238,100
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
runds
2023
Interest receivable
9,453
9,453
3,861
Total 2023
3,861
3,861
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Tolal
funds
2023
Unrestricted expenditure
Restricted expenditure
357,446
108,340
15,118
372,564
108,340
230,828
212,264
465,786
15,118
480,904
443, 092
Total 2023
424,873
18.219
443,092
Page 13

WHITEHAVEN COMMUNITY TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities (continued)
Analysis of direct costs
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Staff costs
Depreciation
Training costs
Rent and rates
Light, heat and power
Insurance
Repairs and renevtsls
Telephone
Printing, postage and stationery
Security and other costs
Legal and professional fees
Bank charges
110,160
16,365
385
108.340
218,500
16,365
385
226, 194
16,361
2,462
11,630
11,255
23,473
30,413
5,846
723
14.579
26,043
23,906
33,329
5.650
14,579
26,043
23,906
33,329
5,650
1,088
106,650
18,815
476
1,088
106,650
18,815
476
78, 885
17,176
455
357,446
108,340
465,786
424,873
Total 2023
212.609
212,264
424,873
Analysis of support costs
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
staff costs
Other govemance costs
Legal and professional fees
10,042
1,200
3,876
10,042
1,200
3,876
13,027
1,200
3,992
15,118
15,118
18,219
Total 2023
18,219
18,279
Page 14

WHITEHAVEN COMMUNtrY TRUST UMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
216.122
8,Q50
4,370
225, 797
8,943
4.481
228,542
239,221
The average number of persons employed by the Company during the year was as follows..
2024
2023
Chief executive and company secretary
Direct charitable work
Charitable administration and management
10
11
13
No employee received remuneration amounting to more than £60,000 in either year.
Trustees, remuneration and expenses
During the year, no TTUStees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page15

WHITEHAVEN COMMUNrrY TRUST LIMITED
(A company limltsd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Tangible fixed assets
Freehold
land and Fixtures and
buildings
equipment
Total
Cost or valuation
At 1 January 2024
1.514,628
42,909
1,557,537
At 31 December 2024
1,514,628
42,909
1,557,537
Depreciation
At 1 January 2024
Charge for the year
169,316
15,146
39,483
1,219
208,799
16,365
At 31 December 2024
184,462
40,702
225,164
Net book value
At 31 December 2024
1.330,166
2,207
1,332,373
At 31 December 2023
1,345,312
3,426
t,348, 738
Page 16

WHITEHAVEN COMMUNITY TRUST LIMITED
{A company limited by guardntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Tangible fixed assets (continued)
The Charity owns the followng freehold properties:
(a) Senhouse Centre. 3 Senhouse Street, Whitehaven
This property was aquired in 1999 at a cost of £60,000, for use as a healthy living centre. Refurbishment
work was carried out and in 2003 the property was revalued at £300,000. Since then further work has
been carried out on the property and as at 31 December 2024 the net book value is £347,072.
(bl 1 Lowther Street, Whitehaven
This property was aquired in 2002 and at a cost of £90,000, for use as a hostel for teenage pregnancies
and to provide support for young women through all stages of pregnancy. Renovation work has been
carried out and in 2004 the property was revalued at £260.000. Since then further work has been carried
out on the property and at 31 December 2024 the net book value is £219,902.
{G) Smith House, 14114A Churth Street, Whitehaven
This property was aquired in 2010 at a cost of £74,942, for use as part of the "Move On Project" to help
young people move out of hostels and take a step towrads unsupported living. Renovation was has been
carried out on the property to convert it into four flats. As at 31 December 2024 the net book value is
£237,742.
(dl Bakewell House. 41 Lowther Street. Whitehaven
This propety was aquired in 1997 with funds from the Big Lottery Fund for use as a hostel. The Fund
previously held an interest in the propety, however the liability period has now ended and the Big Lottery
Fund have confirmed that they no longer have an interest in the property and there is no restriction on the
tille or any reference to a legal charge. The Trust is now free to deal wtth the property without requiring
any consent from the Big Lottery Fund and during 2018 it carrted out improvements to the property. As at
31 DeGemebr 2024 the net book value is £199,950.
le) Whitehaven Pottery, 13-15 Market Place, Whitehaven
This property was acquired in 2001 y￿th fund5 from the New Opportunities Fund, held an interest in
the property. It includes a pottery workshop, a shop and offices. The New Opportunities Fund have
confirmed that they no longer have an interest in the property and there is no restriction on the title or any
reference to a legal charge. The Trust is now free to deal wth the property wthout requiring any consent
from the New Opportunits'es Fund. As at 31 December 2024 the net book value is £336,000.
In addition to the revaluation of the Whitehaven Pottery propety last year, during 2003 and 2004 the
freehold properties at Senhouse Centre and 1 Lowther st￿et were revalued by the Trustees and in 2017
the property at Bakewell House was also revalued. The unrealised surplus on revaluation, which surplus
primarily reflects a fair value on the properties. is included in the accounts at £567,013 as at 31
December 2024.
10.
Debtors
2024
2023
Due within one year
Prepayments and accrued income
2,474
2.602
2,474
2, 602
Page 17

WHITEHAVEN COMMUNrrY TRUST LIMITED
(A company limited by guardntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Creditors: Amounts falling due within one year
2024
2023
Pension fund loan payable
Accruals and deferred income
12
5,858
12
5,112
5,870
5,124
12. Accruals and deferred income
2024
2023
Northumberland Tynelcumbrta Health Trust
230,000
13.
Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at I
January
2024
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Designated Funds- all funds
573.231
{6,219)
567,012
General funds
General Funds all funds
1,006,999
324,002
(372,564)
6,219
964,656
Total Unrestricted funds
1,580,230
324.002
(372,564)
1,531,668
Restricted funds
staffing and running costs
Edward gosling legacy
34,151
159,000
110.000
(108,340)
84,811
110,000
34,151
269,000
1108.340)
194,811
Total of funds
1,614,381
593,002
{480,9041
1,726,479
Page 18

WHITEHAVEN COMMUNrrY TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Statemènt of funds (contlnued)
Statement of funds - prior year
Balance at
31
December
2023
Balance at
l January
2023
Transfers
in/out
Income Expenditure
Unrestricted funds
Designated funds
Designated Funds - all funds
579,450
(6,219J
573,231
General funds
General Funds - all funds
961,530
270.078
{230, 828)
6,219
1.006,999
Total Unrestricted funds
1,540, 980
270,078
{230, 828)
1,580, 230
Rèstricted funds
Staffing and running costs
Refurbishment
138.915
7.500
700.000
(204, 764)
(7.500)
34, 151
146,475
100,000
{272,264)
34,151
Total of funds
1.687,395
370,078
(443,092)
1,614,381
The restricted funds are as follows-.
Staff and running costs - Funding Nyas received from multiple donors to help ￿th the staffing and running
costs of Bakewell House and Lowiher Street which enabled the mother and baby unit and housing
provision to Garry on running.
Refurbishment and renewals
Funding y￿S reGeived from multiple donors to help wth the kitchen
refurbishment at Lowther Street as well as other repairs and also to purchase items such as beds and
fumiture.
Edward Gosling legacy - Funding was received from The Edward Gosling Foundation which appointed
the charity as a legacy funder for the next 5 years. The fund will support any deficits that occur in the next
5 years, thereafter all remaining funds are to be treated as unrestricted.
Northumberland tynelcumbria heatth trust - Funding was received for the development of the Mental
Health Hub in the old Halifax bank on King Street, Whitehaven.
Page 19

WHITEHAVEN COMMUNrrY TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
Summary offunds
Summary of funds- current year
Balance at
31
Decembor
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
Designated funds
General funds
Restricted funds
573,231
1,006,999
34,151
(6,219)
6,219
567,012
964,656
194,811
324,002
269.000
(372.564)
1108,340)
1.614,381
593,002
(480,9041
1,726,479
Summary of funds- prioryear
Balance at
31
December
2023
Balance al
1 January
2023
Transfers
in/out
Income Expenditure
Designated funds
General funds
Restricted funds
579.450
967,530
146.415
(6,219)
6,219
573,231
1,006,999
34,151
270,078
100.000
(230, 828)
(212. 264)
1. 687,395
370,078
(443,092)
1,614,381
The unrestricted funds of the charity COTnprise the unexpected balances of donations and grants whch
are not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific
purposes.
15. Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
1.332,373
435.165
(5,870)
(230,000)
1,332,373
629,976
15,870)
(230,000)
194,811
Creditors due within one year
Deferred income
Total
1.531,668
194,811
1,726,479
Page 20

WHITEHAVEN COMMUNrfY TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due wthin one year
1.348, 738
236,616
(5, 124J
1,348, 738
270,767
(5,124)
34,151
Total
1,580,230
34,151
1,614,381
16. Pension commitments
The charttable company operates a defined contribution pension scheme for all qualrfying employees. The
assets of the scheme are held seperately from those of the charitable company inan independently
administered fund. The charge to profit and loss in respect of the defined contribution schemes amounted
to £8,050 (2023- £8,943).
17. Related party trdnsactions
The Company has not entered into any related party transaction during the year. nor are there any
outstanding balances owng bets￿en related parties and the Company at 31 December 2024.
Page 21