REGtSTERED CHARfTY NUMBER: 1073331
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
For The Year Ended 31 December 2023
FOR
THE CHARrrY OF SIR THOMAS WHJTE, wAR￿CK
Michael Hanvood & Co
Greville House
10 Jury Street
Warwick
Wanvi¢kshir¢
CV34 4EW

THE CHARITY OF SIR THOMAS WHIIE WARWICK
CONTENTS OF THE FINANCIAL STATEMENTS
ror the Year Ended 31 D¢¢ember 2023
Page
Report of the Tnthes
Ito3
Indepenijent Examin&s Report
Statemeni of Financial Activities
5&6
Balajjcc Sheet
Notes to the Finan¢ial Statements
8t012

THE CHARITY OF StR THOMAS WH[T￿ WARWICK
REPORT OF THE TRUSTEES
ror the Year Ended 31 Deeember 1023
The tru5t¢es present their report with the financial siat¢n)entb of the charity for the YeBr Endryl 31 December 2023. The ITUSteE$ knve adopted the
provisions of th¢ stsiem¢nt of R¢commcnded PTrctir£ (SORP}'A¢countin8 and Rqyorting by Charities, (FRS 1021 in preparing the annual re￿1 and
fIn￿l#l statements ofthe charity.
REFERENCE LYD ADMINISTRATIVE DETAILS
Reostered Charity number
1073331
Ckrk and Ruefver
fr8 B. Shyttleworth
PrlTrelp*l athlress
o Fths B. ShuttI¢worth
12 High Street
Wanyick
WThi¢k8hire
CV344AP
Trustee5
Mrs A. While
Mr J.F. Edwards
Miss ILS. Fo11
Mr&' E.A. Thornton
Mr A.F. Keelithg QC
Mr S.J.R Hogg
(r¢sign¢d 3111 March 2023)
(appointed 14th June 2023)
Indq)eDdeDt Eumlher
Mr M.D. Hanvood FCA BFP FMAAT
Michael HaTwood & Co
Greville House
10 Jury Street
WaThYick
Warwickshire
CVM 4EW
S•Meltors
Mwr¢ & Tibbits
34 Trfigh Street
WarwicL CV34 4BE
v¢Jtment Advlsers
EFG Harris Allday
Cbwch Mews
Ombwsl¢y
Worcester. WR9 OEW
HSBC Bank pl¢
126 The Parade
Leamington Spa
CV32 4AJ
Page I

THE CHARITY OF SIR THOMAS WHTfE, WARWtCK
REPORT OF THE TRUSTEES
for tbe Year Ended 31 Detember 2023
STRucfuRE, COVERNANCE AND MANAGEMENT
History and Governing dotument
The Charity is endowed by indenture dated 6 July 1551 and 8ovemed Ul￿er th¢ schen￿ dated l O January 2001.
The Clwity is controlled by its governing document - a deed of knst- and ConSti￿t¢S an unincoryorated ch￿lty.
Rlsk management
The trustees have a duty to identify and review the risks to whAch the charity ts exposed and to ensure appropriate controls are ID place
to provide reasonable ftSSUTance against fraud and eRTOr.
In acc4)rdan¢e with ihe requirements of the Charilies SORP, the Trustees continue to revicw the risk5 inherent in the ChArity's activrties
and to ensure that systems exist to mitigate those risks.
Professlonal Advisers
The Clwily engag¢s professional adi'iser5 and their appoiDtm¢Dts are rei'ievied annually.
Th￿tee Meedngs
Durillg the year, the Truste¢5 held two Gen￿ Meetings thr¢¢ Special Meetings and tbr¢¢ sub-committee meetings.
TThstees
Th¢ Scheme provides for six Trnstees. Wer¢ there a requir¢Tncnt for new Twst¢¢s, these would be identified and appointed by the
remaining Tntst¢¢s. The Chairn]Rn of Trustee$ is r¢sponsible for the irnduction of any new Trustee which involve5 awareness of a
T￿￿'S responsibilities, the governtn8 docum¢nL admini¥trativ¢ procedures and th¢ hTStory and philosophical approach of the Charity-
A new Trustee would receive ¢opies of the previous yeaT'S annual report and accounis.
OBJECTIVES AI¥D ACTTVITIES
Oblecthres and adlv5tie5 of the ChArlty
The Trustees, report and accounts forthe Year Ended 31 December 2023 are presented and it is confirmed that the8¢ Comply with current
statutory requirements and the provisions of the governing instrumenL
The Scheme pro￿ldeS that the Trustecs must apply the income they receive from Sir Thomas White's Charity, Coventy. to the Warwick
Independent Scbools Foundation (now called Warwick S¢h(xils Foundation) whicb in utilise$ these fimds for the education and
advattcement of children who orwhosc parcnts are ordinarily resident in the town ofWarwi¢k. Warwick Irldcpcndcnt Schools FouThlation
comprises Warwick School. King's High School. Warwick Preparatory School and Kingsley SthooL and the income received is used to
pay either partially or in full thc fees levied in respect of any children who meet the eligibility criteria.
The Scheme continues to maintain its original fimction wben fouThJed by offering interest-frcc loans to youngpersons wishins to ￿￿blish
themselves in busÈness, 01 assist them to improve Iheir existing business in the Towo of Warwick. These interesl-free loaDS 2re available
up to £IO.000 (subject to collditions). The applicant is required io attend an intervicw with an interyiewing sub-committee of Trustees
and to provtde a guarantorls to secure th¢ loan. Thc loan is Tepayable by Banker's Order over a per20d of up to 5 yea￿.
The Scheme also proi".ides for n)aking interesl-free loans to young persons who or whose parents are ordinarily resideol in the Town of
WanvicK towards the cost to them of underraking firther educalion or vocational trainin8. These interest-free108ns are &vailablc up to
£2,000 per year for each year of their course (subject to conditions). Th¢ student is re¢wired to attend an informal illterview with a
interviewing sub-committee of Trustees. 3nd provide two gllarantO￿ io secure the loan. Repayment of the loan will cornmeDC£ 12 months
after the fillal loan instaIn￿Tht has been paid to the student. This will be by Bank&s Order over a period of up to 5 Yea￿ (subject to
onditions).
The Charity'5 primary purpose is th¢ provision of inter¢st-free loans to young people in Warwick. In order to achieve this purp[￿, it is
essential Ihal the Trustees maximise the value of the Cknity's unte5tricted reserves. ther¢by maximising the funds available to nuke
loans.
Page 2

THE CHARJTY OF STR THOMAS WHfrE, WARWICK
REPORT OF THE TRUSTEES
for the Year Ellded 31 December 2023
Endeavollring to maximise local awarene55 of the Trnstees, objective ocmaking inleresl-free lo&ns to students living in Warwick 2nd
to yowig person's estsblishing a business in the TO￿ of WanYi¢L the T￿￿tee5 have participated in the Warwick Chariiies, websi*.
The website includes a home page for the Charity of Sir Thomas White. Warwick. and gives an indication of the history. objectives
and a¢tlVAtics of tbe Clwity. knterested applicants are able to dowrylload from the website appiicatioll fornis for both ¢8tegories of
Procedures and policy for loan making
l( is the TnLStees' policy to keep a reserve of wwestricted funds available to meet future applications for busine&s and sludent lolltss
which vary significantly from year to year.
The Tn￿le¢S nomially meet twice annually and an interviewing sub-committee is appointed to iDten'iew all applicaDts for student
loans and business establishment loans.
ACHIEVEMENT AND PERFORMANCE
DuTing thc year. the Trustees have advanced twenty-two loans to styd¢nts in Warwick either enterins or alr¢ady undettaking hwb¢r
education.
PUBLIC BEhlFrr
The TTUStee8 hav¢ had due Tegard to the guidance published by The Charity Commissioners on public benefit and consider that the
objertives and activities of the clwTity fulfil their requiremenL
FINANCIAL REVIEW
In 2023 the balance of interest-free loans rcpayable has incre8sed to £93,115 (2022- £81,174).
During the Covid-19 pandemic, there wgs a T￿lIceable yeduction in th¢ number of S￿dents who applied for student loans. However,
8 recent increase in the number of applications sUgg￿ts this has t)ow pass￿. The Trustees consider the fjnancial ￿￿On￿anCe by the
CharAty durin8 the Ye￿ lo hai'e been satisfactory.
INVESTMENY POLICY
The Trustees havc considered the most appropTiatepoli¢y for investing￿nds in conjunction with their objerfives and the risks. Liqutd
fiwds retained to cover short terni needs and approximaidy 50Y• of the portfolio is investeAI in the COIF Charities Investment
Fund as at 315t I)e¢ember 2023, with the balance of the portfolio invested within a tang¢ of Collective iJJvcstment fi￿d5.
RESERVES POLICY
It is the policy of the Charity to maintsin unrestricted funds at a leve] which equat¢s to approxin]ately 9 months of UDrestiicted
expenditure. This provides sufficient funds to cover manage4nent and administration costs. Unrestricted fund5 are mainlailled at
least at this level tbroughout the year.
FUTURE PLAI%S
The Trnstees intend to ¢QTJtinue providing interest-fre¢ loans in a Similar way to recent year5 and constantly review the appropriats
annual amotmt to be loaned to ytudent applicants.
ON BEH
THE BOARD:
Mr D.B. Stev
hainnall of Trustees
Date: I I" April 2024
Page 3

INDEPEPIDENT EXAMINERIS REPORT TO THE TRUSTEFS OF
THE CIL4RITY OF SIR THOMAS WHITE, wAR￿CK
Irqxmttots dwity ￿￿eS￿nY￿a￿l￿th0tthe ￿0unts0fth tharity fcrthe yeareDkd 31 D&xnlw2023 whithare 5 to 12.
ReÈpoDslbllltles and btdsh of report
As the Charity's trnstee& you are re4)onsibl¢ for the prq)arntion of ihe accounts ix accorthce with the requirements of the Charities Act
2011 ffthc A¢i-).
I report in respect of my examination of the Chatity's accoviits catTied out under section 145 of the 201 l Act and in carrying out my
exami￿tiOn, I have followcd all the applicablc Directions given by the Cknity Commission wider sertton 145(5)(b) of the Act.
Independent examiner's statement
Since the charity's gross incomc exceeded £250,OIX) y￿rexaMIner must be a memberofa body li51ed in section 145 of the Act. I confirn)
that l arn qualified to undertake the examination because l am a member of The Insti¢ut¢ of Chartered Accountants in England & Wates.
which is one of the listed bodies.
hal'e completed my examination. I confm that no material JJutt¢ts have wme to my attention ID connection with the eXaMi￿tion
which glves me cause to believe that 10, any Inaterial respect
the ac¢oLmtiDg records were not kepl in accOrdw￿e with section 130 of the Charities Act. or
the accounL8 did not accord wtth the accounting I￿ords. or
the accounts did not comply with the applt¢able reqvirernenls concerning the fomi azKI content of accounls sel out in Ihe
Cbarities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true And fatr, view
which is nol a matter considered as part of on indcpcndent examination.
I haiE no concems and have come across no other matters in connection with the eX￿InatiOll ￿ which attention should be dra￿"rt in
this Teport in order to ¢nabie a proper undeT5tanding uf the accowjts to be reache
Mr Mark D Harwo(xl FCA BFP FMAAT
Michael Harwood & Co
Gr¢ville Housc
10 Jury Street
WanvicK.
Warwickshire
CV34 4EW
Date:
Page 4

THE CHARITY OF StR THOMAS WIITTE wAR￿CK
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 Deeember 2023
31.12.23
Tot%1
funds
31.12.22
Totsl
funds
Reslrieted
funds
nds
Notes
INCOMING RESOURCES
Incoming re50ur￿￿ from generated funds
Voluntary illcA)ll
Investment income
299,408
299.408
275,195
9.557
Total Incomlng resouree5
13.733
299.40R
313.141
284,752
RESOURCES EXPENDED
Rai%ing funds
tnv¢stm¢nt managem¢nt fees
Charltable a¢tlvitl
Warwick Independent Schools Foundation
Govemonce costs
1,364
1,364
1.043
299,408
299,408
275,195
Total resourees expended
299,408
306,448
281,849
NET INCOMThG RESOURCES
6.693
6.693
2,903
Realised gaIn￿(LOSses) on f￿ed asset illVC5tmcnts
623
623
254
N¢t IDcomel(eipendltsre)
6.070
6,070
3,157
Unrealised gainsl(10&8es) on fixed asset investments
10.981
31.751
Net movement in funds
17.051
17,051
(28,594)
RECONCILIATION OF FUNDS
Total funds brought forward
453,248
453,248
481,842
TqyfAL CARRIED FORWARD
£470 299
£470299
£453.248
The notes on pages 8 to 12 form part of these financial statements
Page 5

THE CHARITY OF SIR ThOMAS wFwfF., WARMCK
STATEMENT OF FINANCIAL ACTIVITIES
ror the Yur EDded 31 Deeember 2022
31.1222
Total
funds
31.1121
Totsl
f•nd$
Unrestricted
runds
Restrfcted
fund#
Notes
INCOMING RESOURCES
Incomlng re50ur¢es from generated funds
Voluntary income
Investment income
275,195
275,195
262,340
9,167
Total incoming resourees
9,557
275.195
284.752
271.507
RESOURCFts F.XPENDED
Ralslng funds
Investment management fees
Charltable activide$
Warwick IndeE￿Ie￿I Schools Foundation
1.043
1,043
275,195
275,195
262,340
5.177
Total rewur¢e$ expended
6,654
275,195
281,849
267,517
NET INCOMTh'G RESOURCES
2.903
2,903
3,990
R¢alis¢d gains/(Ios8es) on r￿ed asset inv¢siments
254
254
45
Net inromeJ(expendlture)
3,157
3.157
4.035
Unrealised gains/O0&8es) on fixed asset investments
31.751
23.960
Net movemtnt in fwllds
(28.594)
(28.594)
27,995
RECONCILIATION OF FUNDS
Total fullds brought fonvard
481,842
481,842
453.847
TOTAL CARRIED FORWARD
£453
£481142
The note5 rin pages 8 to 12 fom part of these fuwicial statements
Page 6

TFIE CHARITY OF StR THOMAS WMTL WARWtCK
BALANCE SHEET
At 31 December 2023
31.12.23
31.12.22
Notes
FIXED ASSETS
InveslD]ents
252,423
243,700
CURRENT ASSETS
Debtors: an]ounts falling due witbill one year
D¢btor8.' amowits falling due after one year
Cash at bank
19,166
75.666
123 923
20.801
61.775
127 807
218,755
210,383
CREDTfoRS
AD]ounts f&lling due within one year
(879)
(835)
FIET CURRE&)T ASSETS
217.876
209
TOTAL A&SLTS LESS CURRENT LIABILITIES
470,299
453,248
NET ASSE]5
£470299
£453 248
FUNDS
Unrestricted Funds
General Fund
Designat¢d Fund
229.762
219,485
233 763
TOTAL FUNDS
£470 299
£453 248
The financial 8tat£ments were approved by the Board of TfUStee5 on I l Apnl 2024 and were signed on its behalf by:
Mr DJ. Stevens- Chairnlan of Trustees
The notes on pages 8 to 12 forni part of these fillan¢ial statements
Page 7

THE CHARITY OF StR THOMAS WEITT4 WARWICK
NOTES TO THE FL￿￿NCIAL STATEMENTS
for the Year End¢d 31 December 2023
ACCOUNTING POLICIES
A¢eounting conventlon
The Charity is endowcd by Indentu￿ dated 6th Juty 1551 and governed under the Scheme dated ioth Jarluary 2001.
Th¢ charity cOt￿tituteS a public bcncfit entity as defined by FRS 102. The financial stst¢m¢Thts have been prepared in accordance
wlth Accounting and Reporting by Charities: Ststement of Rcconynended Practice applicable to tharities preparing their
accounts in accordance with the Financial Reporting StAndard applicable in the UK and Republic of freland issued in October
2019: the Financial Reportin8 Standard applicable in the United KingdoTn and Republic of Treland (FRS 102), th¢ ChaTities Act
20118nd UK Generally Accepted Accounting Prnclice.
The I￿Ounts do not include a cash flow statement on the grounds that it is applying FRS 102 Section IA.
The financial statements are prepared on a going concern basis under th¢ historical cost ¢onvention, Modified to include ¢e￿In
item5 at fair value. The financial statements are presented in sterling which is the fimctional Cuttency of the charity and r(MJnded
to the nearest £1.
Ineomlng resources
All incoming Tesources are included on the Statemenl of Financial Activities when the chatity is legally entitkd to the income
and the amount can be quantifi¢d with reasonablc accura¢y.
Resources expended
Expendilure is accounted for on an accruals basis and has been classified under headings tbat &g￿e￿al¢ 811 cost related to the
category. Where costs cannot be directly attribut¢d to particulai headings, thcy hav¢ b¢en allocated to artivilies on a basis
nsistenl with tb¢ use of resources. Loans offered subjed to conditions which have not been met at the year end date are noted
as a commitment but not accTued as ¢xpenditur¢.
Tgxation
The cbarity is exempt from income tsx a￿1 capital gains tsx where iDcome is used for its charitable purposes.
Th¢ charity is llot VAT registered and therefore exp¢odiÉure where applicable is shown inclusive of VAT.
accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrict¢d fi1n￿ can only be Used for particular r¢strictcd purpos¢s within the objects of the charity. R¢striction8 arise when
spe¢ified by the donor or when fund8 are raised for particular restricted pu￿08es.
Further explanation of tbe nature and purpose of ea¢h fuDd is included iti the notes to the finanoial statem¢nts.
VESTMENT ￿CoME
31.12.23
31.1122
Investhient income
Bank intsrest
8.959
4.774
9,039
518
£13 733
Page 8

THE CHARITY OF STR THOMAS WHFTL WARWICK
NOTES TO THE FtNANCIAL STATEMENTS- cO￿[NuED
ror the YeAr Ended 31 Deeember 2023
COVERNANCE COSTS
31.1223
31.1222
Clfflk's fees
Independent ExaDJin¢I5 fee
Website expenses
Legal fees
Room hire
Stationery
Postag¢
Telephone
B8mk charges
4,000
816
216
858
243
172
15
10
173
27
240
69
31
283
74
£5,676
£5,611
TRUSTEES, REMUNERATION AND BENEF￿s
There wete no trustees, remull¢rdtioD or othcr bcncfits for the year elld￿ 31 D￿ernber 2023 nOT for the year ended
31 Drf¢mbcr 2022.
Trustees, Expense
There were no trustee5' expenses paid for the year ended 31 Decenther 2023, nor for the year ended 31 December 2022.
FLXED ASSET INVESTMLN'TS
31.12.23
31.12.22
Portfolio managed by EFG Harris Allday:
Market Value at 1st January 2023
243.700
276269
Additions in year
Disposals in year
30.325
131960
3,946
15.018)
242.065
275,197
Realised profiV(loss) on sale at 31 st December 2023
(623)
254
Unrealised profitl{loss) on ￿'aluatI(M at 31st D¢cember 2023
Market Value at 31st December 2023
£252.423
£243,700
The historical cost of thes¢ investments is £141,710.
During the ye8r, the Charity incurred £1,364 in brokers fees from EFG Harris Allday (2022 - £1,043).
Page 9

THE CHARITY OF SIR THOMAS WHITE, wAR￿CK
NOTES TO THE FINANCIAL STATEMENfs- CONTLY￿D
for the Year Ended 31 Deeember 2023
DEBTORS
Interest free IoAns
31.12.23
Jl.1122
Balan¢¢ at IM January 2022
Loan r¢payM￿ts in th¢ year
Loans advanced during the year
Adjustment
81,174
{27,559)
39.500
102,148
(34,974)
14.(KlO
£93,115
£81.174
Repayable after more than one year
£75 666
£61.775
Other Debtors
Accrned ini-estment
1,717
£1,717
£1,402
CREDfTORS: AMOUYTS FALLING DUE wfTHIN ONE YEAR
Tr&de creditors
£879
£835
)ALYSIS OF NET ASSETS BETWEEN FUNDS
31.12.23
Total
funds
31.12.22
Total
lunds
L'nrestrfeted
funds
Restrleted
fuods
At 31" Deeember 2023
Investrnents
c￿￿ent assets
Cuttent liabilities
252,423
218,755
252,423
218,755
879
243,700
210.383
835
£470 ?99
£470 299
£453 248
31.12.22
Total
runds
31.12.21
Total
fuTbds
L'nrestricted
fund8
Restrl¢ted
runds
At 31"December 2022
Inve8tm¢nts
Current assets
Current liabilities
?43,700
210,383
243.700
210,383
835
276269
206,359
786
£453
£453
PBge 10

THE cHAR￿y OF SIR ThOMAS WHtTE, WARWICK
N(YTES TO THE FINANCIAL STATEMEIYTS. COhryINUED
for the Year Ended 31 December 2023
MOVEMEwf fN FUNDS
Net movement
In funds
Transfers
between funds
At 1.1.23
At 31.1223
Unrestrlcted funds
General Fund
D¢stgnated Fund
219,485
233 763
10,277
229,762
453248
17,051
470299
Restricted ￿ndS
Rwtricted Fund
T(yfAL FUNDS
£453 248
£17051
£470 299
Net movement in fullds, included in the above are as follows..
Incoming
resourres
Re80urc
expended
GAlns and
losses
Movement In
funds
Unrestricted funds
General Fund
Designated Fulld
13,733
(7,040)
3,584
10277
13,733
(7.040)
10,358
17.051
Restrlcted funds
Restricted Fund
299.408
(299,408)
TOTAL FUNDS
£313 141
(£306 448
£10 358
£17 051
10.
OTHER Fll¥ANCIAL COMMITMENTS
There *ere no authori5ed student loans not adVa0c￿ at 31 December 2023 (2022 - £Nil) and no busines8 loans (2022 - £Nil).
Pagell

THE CHARITY OF SIR THOMAS WHIT4 WARWtCK
NOTES TO THE FINANCIAL STATEMEiYfs- COhryINUED
for tbe Y¢*r Ended 31 December 2023
DESIGNATED FUNDS
These rep￿Sellt amounts set aside by the Tw8tres to provide an ongoing income for the tharity to COV￿ expenses and
allow for gro￿ in a¢tAvities in ihe future.
At 1° January 2023
233,763
Gain on revaluation at 3131 December 2023
6,774
At 31. Decenjber 2023
£240 537
12.
RESTRICTED FUNDS
Slr Thowa8
Whlte's Cbarlty,
Coventry
2023
Total
2022
Tot21
At 1st January 2023
Income in the year
Expenditure in the ye&r
299.408
(299,408)
299,408
(299,408)
275,195
(275,195)
Interest received iti year
Transfer to Ul￿eStrICted Funds
At 31Sf D¢¢unber 2023
Slr Thomas Whlte's Cbarlty, Coventry
Money specifi¢ally r¢ceiv¢d to be paid to WaThvick Independent khools Foundation.
13
RELATED PARTY TRANSACTIONS
During the year, Mr Keeling, a tTUStee, was also a Governor of Warwick Independent Schools Foundation &8 the Charity's
Nominative Governor to tbe Foundation. Th6 Charity paid £299,408 {2022- £275,195) to the Foundation as required by the
T¢5tri¢tions applied to the income received from Sir Thomas White's Charity. Coventry.
14.
GOING CONCERN
The financial statements have been prepared on a going concern basis as tbe trustees believe that no mat¢Tiai Un¢ertaiThti￿ cxisL
The TTUStee8 have considered the level of funds held and the expected level of income ond expenditure for 12 months from
authorising these financial ststernents. The budgeted in(%)me and expenditure is suffictent with the level ofreserves forihe Charity
to be able to continue as a going concern.
Pa8¢ 12