2025-03-31-accounts

REGISTERED COIIIPANY NUMBER.. 03880688 (England and Wales} REGISTERED CHARITY NUM8ER: 1079695 Re ofthe stees Un dited Financial S ments For The Year Ended 31 March 2 for ifred Wha on Trust Charity Commission 2 ONOV 2025 Received Cheney & Co 310 Wellingborough Road Northampton NNI 4EP

Inifred Wha n Trust Contents of e Financi For The Year Ended 31s 5 Statemen March 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notss to the Financial Statements 7 to 11 Detsiled Ststement of Financial Activities 12

W. ifred Wharton Trust iste d number". 03 0688 Re ort of the Trustees F r The Year Ended 31st Marc 2025 The trustees who are also direclors of the charity for the purposes of the Companies Act 2006, present their report with the financaal slalements of the charity for the year ended 31 st Marth 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practi￿ applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES ObJectives and aims Its objectives are lo preserve for Ihe benefrt of the townspeople of what was Ihe Borough of Wellingborough, and of Ihe nation at large, whatever of historical, architectural and constructional heritage that may exist in and around the old Borough of Wellingborough. The primary means of delivering ihis is by providing a museumlherilage centre in which to display collections of artefacts. The Trustees have decided that, in the current economic dimate we should be (2refvl of taking new iniliatnies. We have a healthy bank balance and we do not seek tunding from Ihe local Council or anywhere else. Wellingboiough is now in a unitary authority wilh Corby, Kettering arKJ East Northants C'North Northamptonshire" NNC). There is also a Wellingborough Town Council, which, like a parish council, has unpaid COUn￿lI0r$. It has Ihree salaried officers and has taken over many of the town activities from the NNC - lo Wellingborough's advantage. We depend on profits from our shop. café, and room letting. We are now in the same position financially and for visitors -as before Covid. We are fortunate in attracting very able volunteers some from belore we moved to Dulley's Baths in 2007, and the friendly almosphere in the building is reflected u) our visitor reviews on TripAdvisor. We issue a monthly newsletter which we email out. now to over 1800 customers. This advertises the many activities we hold in the museum. mainly in the school holidays, atyl we try to maintain these as free admission, being aware of the financial difFicullies of some families. We must not forgel that our primary purpose is as a museum and we are wojfting on the renewal of our Museum Accredilalion. The Museum collection is catalogued and photographed in the computer program Modes for Windows and there is no backlog. Publlc beneflt Winifred Vvharton Trust has rnade reference to the guidance in the Charity Commission's general guidan￿ on Public Benefit when reviewing its aims and objectives and planning its future activities. In particular, Ihe tnjstees consider how planned activities will conlfibute to the airns and objecbves they have sel for the organisation, thus ensuring public benefft continues to be delivered. ACHIEVEMENTS AND PERFORMANCE Charitable activities On TripAdvisor, we are the number 1 attraction in the Borough of Wellingborough. FINANCIAL REVIEW Financial position Our shop trading company, Dulley's Baths Ltd. continues to donate all tls profits to Ihe Trusl. The Trustees were concemed for the future of Wellingborough as a shopping town and this has proved to be the case - however we are bucking the trend and must be the best loylsouvenir shop in the town. And there is free parking in the town. Invesknent policy and objectives Bank interest rates have improved but we are securing the fulure of Ihe museum by not taking any chances financially. Reserves policy The Iruslees believe they need to ensure the future of the charity by making sure that it has suffiaent reserves to meet running costs. We are aware that the Charlty Commission does not like charities to hold large cash reseNes. but this has proved prudent in view of the increases in the cost of energy. FUTURE PLANS Our future plan is lo 'keep going,. Our policy of running an ex￿lIent shop and letting out meeling rooms, rather than seeking grants which can so easily be cut off has proved suc£essful in these dtfficult times and we see no reason lo change. Page 1

Wini d Whart Trn5t tered nu ber". 03880688 rt of the Trustees For Th Year Ende 31st Marc 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The organisation is a charitable company limited by guarantee, incorFrf)raled on 19th November 1999 and registered as a charty on 3rd March 2000. Anyone (including organisations) may be appointed a member. Their admission and conditions of membership are regulated by the trustees. At March 31st 2025 the members total fve and are its trustees, each of whom agrees lo contribute £10 in the event of the chartty winding up. Recruitmènt and appointment of new trustees The company was established under a Memorandum of Association which eslablished the objects and powers of the charitable company and is governed under its Arhcles of Assoriation. Under those Articles, all trustees shall retire at Ihe company's first Annual General Meeting (AGM) and are available for re-election. Thereafter. all truslees will serve a period up to 3 years, one third of all trustees retiring and being availabEe for re-election at each AGM. Organisational structure In accordance with Ihe Articles of Assouation. the number of trustees shall not be less than three but shall not be subject lo any maximum. Al March 31st 2025 there are five trustees. The trustees meet four times a year. Induction and training of newtrustees New trustees are encouraged to attend appropriate extemal training courses. and meet key employees and other trustees - all of which will facilitate the undertaknng of their role. Related parties The anly related paty considered by the Tnjstees are those disclosed in the notes to these financial slalements. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03880688 (England and Wales) Registered Charity number 1079695 Reglstered office 146 Main Road Wilby Wellingborough, Northamptonshire NN8 2UE Trustees Mrs l.H. Wharton R.D. Wharton (deceased 22.12.2024) Mrs D A Keech (resigned 1.4.2025) C Bailey R A Townson (appointed 1.4.2025) Miss B Lees (appointed 1.4.2025) Mrs H Bean (appointed 1.4.2025) Company Secretary Mrs l.H. Wharton Independent Examiner P A Sparks Cheney & Co 310 Wellingborough Road Northampton NN14EP Solicitors DFA Law, 2 Waterside Way, Northampton. NN4 7XD Page 2

Winifred arton Trust istered nu beT: 03880688 ort of the Truste ForThe Year E ded 31st March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Advisers Bankers CAF Bank ￿MIted 25 lthngs Hill Avenue, lfjngs Hill, Wesl Malling Kent ME19 4JQ MEMBERS OF MANAGEMENT COMMITTEE Members for the Management Committee, who are directors and twstees for the purpose of o)mpany law and trustees for the Purpose of charity law. who served during the year and up to the date of this report are set out on page 1. In accordan￿ with company law, as the CoMpan￿S directors. we ￿rtIfy that: - so far as we are aware, there is no relevant accounts infomiation of which the company's accountants are unaware" and as the directors of the company we have taken all Ihe steps that we ought lo have taken in order lo make aurselves aware of any relevant accounts infomalion and to establish that the charity's accountants are aware of that information. STATEMENT OF TRUSTEES. RESPONSIBILITtES The trustees (who are also the directors of Winifred Wharton Trust for the purposes of ￿MpanY law) are responsible for preparing the Report of the Trustees and the financial staternenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland" Company law requires Ihe trustees to prepare finanaal statements for each financial year. Under that law, the Iruslees have elected to prepare the finaT)aal statements in aCCL)rdan￿ wtth United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and appli(£ble law). Under company law the trustees must not approve the finanaal ststements unless they are satisfied that they give a Iwe and fair view of the stale of affairs of the charitable company and of the incoming resou￿$ and application of resources, inclLtding the income and experKlilure, of the charitable company for that period. In preparing those financial statements, the Iruslees are requiied to select suitable accounting polictes and then apply Ihem consistentl observe the methods and principles in the Charities SORP- rnake judgements and estimates that are reasonable and prudent. prepare the financial statements on the going Goncem basis unless it is inapproprrate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper ac￿)UntIng records which disdose with reasonable accuracy al any time the financial position of the charitable company and to enable them lo ensure Ihat the financial slalements Comply with Ihe Companies Act 2006. They are also reswnsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preVent￿n and detection of fra￿j and other irregularities. This report has been prepared in accordan￿ wth the speual provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order ofthe board oftruslees on 291h Odober 2025 and signed on its behalf by.. S LLL4o I HIS" 6 L£ ES - Trustee Page 3

Inde ent Examinerfs Re orttothe n￿teeS of Vlllnlfred Vlharton Trust istere number: 0388 688 Independent examinerfs report to the trustees of Winifred Wharton Trust (Yhe Company'l I report to the charity Iwstees on my examination of the accounts of the Company for the year ended 31st Marth 2025. Responsibilities and basls of report As the charity's trustees of Ihe Company (and also ils directors for the purposes of company law) you are responsible for Ihe preparation of the accnunts in accordan￿ with the requirements of the Companies Act 20￿ flhe 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 your charity's ac￿￿nts as carried out under Section 145 of the Chaiities Act 2011 rthe 2011 Ad}. 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 examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 oflhe 2006 Act., or the accounts do not accord wtth those records; or the accounts do not comply with the accounting requirements of Seclion 396 of the 2006 Act other than any requirement that the accounts give a tfue and fair view which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordan￿ with Ihe methods and principles of the Statement of Recommended Practi￿ for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)). I have no CDncems n in this rep nd have come across no other matters in connection with the examination to which attention should in order lo enable a proper underslanding of the accounts to be reached. Cheney & Co 310 Wellingborough Road Northampton NN14EP 29th October 2025 Page 4

Win"fred Wharton Tru Stat ent of Financial tivities anln ome and Ex diture Accou rTheYe ed 31st M ch 2025 Inco 2025 Total funds 2Q24 Total fvnds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and lega￿eS 47.419 47rt19 35,079 Investment income 5.209 5,209 1,618 Totsl 52.628 52,628 36,697 EXPENDITURE ON Raising fijnds 19,515 19.515 11,183 Charitable a¢ttvlties Costs of generating funds 25,915 25,915 41,174 Total 45,430 45,430 52,357 NET INCOMEI{EXPENDITURE) 7.198 7,198 (15,660) RECONCILIATION OF FUNDS Total funds brought foTward 427,351 497,890 925,241 940,901 TOTAL FUNDS CARRIED FORWARD 434.549 497.890 932.439 925,241 The notes fomi part of these financial statements Page 5

Winifred W arton Trust ister number. 03880688 Balance Sheet 31st Mar h 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted fvnd Notes FIXED ASSETS Tangible assets Heritage assets 71.392 50,828 497,890 569,282 50,828 567,854 50,828 122,220 497.890 620,110 618,682 CURRENT ASSETS Debtors Cash al bank 61.911 303,751 61,911 303,751 34,301 324,381 365,662 365,662 358,682 CREDITORS Amounts falling due within one year 10 (53,333) {53.333) {52,123) NET CURRENT ASSETS 312,329 312,329 306,559 TOTAL ASSEfs LESS CURRENT LIABIUTIES 434,549 497,890 932,439 925,241 NET ASSETS 497,890 932,439 925,241 FUNDS Unrestricted funds Reslricled funds 11 434,549 497,890 427,351 497,890 TOTAL FUNDS 932,439 925,241 The charitable company is enti(led to exemplion from audit under Section 477 of the Comparbies Act 2006 for the year ended 31st March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006. The ttustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accDunling records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statemenls which give a true and fair vw of the stale of affairs of the charitable company as at the end of each finanaal year and of its surplus or defictl for each financial year in am)rdance with the requirements of Sections 394 and 395 and which otherwise comply wilh the requirements of the Companies Act 2006 relating to financial statements, so far as applicable lo the charttable company. These financial slalements have been prepared tn ac4xrdance with the provisions applicable to charitable companies subject to the small companies regime. Ib) The financial statements were approved by Ihe Board of Trustees and authorised for issue on 29th October 2025 and were signed on ils behalf by.. (1, 8 LIES .Trustee The notes fomi part of these financial statements Page 6

Winifred Wharton Trust Notes to the Financ als ments or The Year Ended 31st March 202 ACCOUNTING POLICIES Basis of preparing the financlal statements The finan￿al statements of the charitable company. which is a public benefft entity under FRS 102, have been prepared in accordan￿ wilh the Charilies SORP (FRS 102) 'Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing Iheir accounts in accordan￿ with the Financial Reporting Standard appIl￿ble in the UK and Republic of Ireland (FRS 102) (effecltve 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland, and the Companies Act 200S. The financial statemenls have been prepared under the historical cost convenlion. These financial ststemenls for the year ended 31st March 2024 that comply with the provisions of Section 1A "Small Enlities" of Finanaal Reporting Standard 102. 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" The significant accounting policies applied in the preparation of these financial slalements are set out below. These policies have been consistency applied to all years presented unless otherwise stated. The presentation currency of the financial statements is the Pound Sterting (£). Income All income is recognised in the Statement of Financial Athities once the charity has enltuemenl to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure abilities are recognised as expenditure as s(M)n as Ihere is a legal or construclrve obligation committing the charity to that expenditure, it is probable Ihat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendtture is accoLtnted for on an accruals basis and has been classified under headings that aggregate all cosl related to the category. Where costs cannot be directly attributed to particular headings they have been allo(2ted to actrvtties on a basis consistent wtth the use of resources. Tangible fixed assets Depreciation is provided at the followÉng annual rates in order to write off each asset over its eslimated useful life. Restricled Property Fund Fixtures and fittings Computer equipment 4% on wst 1LY/o on cost 25°/o on cost Heritage assets Depreciation is not charged on heritage assets as the residual value is considered to be higher Ihan the carrying value.The trustees review any additional purchases for the increase in the display for the Museum, and continually review the items held and assesses the preservation needs. Taxation The charity is exempt from corporalion lax on its charttable aclsvilies. Fund accounting Unrestricted funds can be used in accordan￿ with the chaiilable obieclives at the discretion of the trustees. Reslricled funds can only be used for particular reslricled purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular reslricted purposes. Further explanation of the nature and purpose of each fund is induded in the notes to the financial slalemenls. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable lo the charitable company's pension scheme are charged to the Statement of Finanual Activities in the period to which they relate. Page 7 continued...

Winifred Wh rton Trust es to the Fin cial Stateme - continued ForT Year Ended 31st March 2025 INVESTMENT INCOME 2025 2024 Deposit account interest 5,209 1,618 NET INCOMEI(EXPENDITURE) Net incomel{expenditure) is stated after ChargIn￿(cred[ting)'. 2025 2024 Depreuation - owned assets 805 893 TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other beneffls for the year ended 31st March 2025 nor for the year ended 31st March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31st March 2025 nor for the year ended 31 st March 2024. STAFF COSTS 2025 2024 Wages and salaries Social security costs Olher pension costs 14,363 7,829 65 83 218 14,581 7.977 The average monthly number of employees during the year was as follows: 2025 2024 Slaff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund RestrÉcted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legaues 35.079 35,079 Inveslment income 1.618 1,618 Total 36,697 36,697 EXPENDITURE ON Raising funds 11,183 11,183 Charitable activities Costs of generaling funds 41,174 41,174 Total 52.357 52,357 NET INCOMEI(EXPENDITURE) (15,660) (15,660) Page 8 continued...

Winifred n Trust Notes to the ForT inancial Statements - Continued ear Ended 31st Ma 025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted fund Restricted fund Total fvnds RECONCILIATION OF FUNDS Total funds brought forward 443,011 497,890 940,901 TOTAL FUNDS CARRIED FORWARD 427,351 497,890 925.241 TANGIBLE FIXED ASSETS Unrestricled Property Fund Restricted Propety Fund Fixtures and fittings Computer equipment Totals COST At 1st April 2024 Additions 66,204 991,497 61,707 2.233 3,227 1,122,635 2,233 At 31 st March 2025 66,204 991,497 63.940 3,227 1,124,868 DEPRECIATION At 1st April 2024 Charge for year 493,607 58,178 748 2,996 57 554.781 805 At 31st March 2025 493.607 58,926 3,053 555,586 NET BOOK VALUE At 31 st March 2025 66,204 497,890 5,014 174 569,282 At 31st March 2024 66.204 497,890 3,529 231 567,854 HERITAGE ASSETS Tolal MARKET VALUE At 1st April 2024 and 31st March 2025 50,828 NET BOOK VALUE At 31sl March 2025 50.828 At 31st March 2024 50.828 DEBTORS: AMOUNTS FALLING DUE ￿THIN ONE YEAR 2025 2024 Monies due from Dulley's Baths PAYE debtor 61,911 34.013 288 61,911 34,301 Page 9 continued...

Inifred Wharton Trus otes to the Fina Statements - co nued For he Year Ended 31st March 2025 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Social security and other taxes Pension creditor Net pay creditor Accrued expenses 142 508 1,376 51,307 870 51,253 53.333 52.123 MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestrictsd funds General fund 427.351 7,198 434,549 Restricted funds Propety FLtnd - Restricted 497.890 497,890 TOTAL FUNDS 925.241 7,198 932,439 Net movement in funds, induded in the above are as follows". In￿mIng resources Resources expended Movement in funds Unrestricted funds General fund 52.628 (45,430) 7,198 TOTAL FUNDS 52.628 (45,4301 7.198 Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 443.011 <15,660) 427,351 Restricted funds Property Fund- Restricted 497,890 497.8 TOTAL FUNDS 940.901 {15.660) 925,241 ComparatNe net rnovement in funds. induded in the above are as follows: Incoming resources Resources expended Movement in fvnds Unrestrictsd funds General fund 36.697 (52.357) {15,660) TOTAL FUNDS 36,697 {52,357) (15,6601 Page 10 continued...

Winif Wharton T Notss to the Fi ancial State ents - con inued For The Year Ended 31st March 2025 11. MOVEMENT IN FUNDS- contlnued A current year 12 months and Prior year 12 months Lxsmbined position is as follows". Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 443,011 {8,462} 434,549 Restrictsd funds Propety Fund- Restricted 497.8 497,890 TOTAL FUNDS 940.￿1 {8,462} 932,439 A currenl year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming reSoUr￿S Resources expended Movement in funds Unrestricted funds General fund 89,325 (97,787) (8,462) TOTAL FUNDS 89,325 (97,787) (8,462) 12. CONTINGENT LIABILITIES There were no Contingent ￿abilItieS as at 31st March 2025 or 31st March 2024. 13. CAPITAL COMMITMENTS There were no Capital Commitments as at 31 st March 2025 or 31st March 2024. 14. RELATED PARTY DISCLOSURES One of the trnstees is a director in Dullevs Baths Limited, a company which surrenders its proffts to Ihe charity each year in accordan￿ wtth its Articles of AssO￿allon. During the year it surrendered £39,504 (2024.. £25,407). The amount due from Dullevs Baths ￿Mited at the year end was £51.911. (2024.. £34,013). 15. RESTRICTED FUND This money will be granted on the basis of joint ownership between the Hertlage Lottery Fund and the Winifred Wharton Trust, until the 4th July 2030, where ownership reverts Sole￿ lo Ihe Wnifred Wharton Trust. Page11

Winifred Wharton Trust Detailed Statemen ofFi ancial Activiti For The ear Ended 31st March 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Event days Room hire Tombola 40,006 29.020 1,163 4,833 63 7,413 47,419 35,079 Investment Income Deposit account interest 5,209 1,618 Total incoming resources 52,628 36.697 EXPENDITURE Raising donations and legacies Wages Social security Pensions Exhibition and stationery cost 14,363 7,829 65 83 3,206 218 4,934 19,515 11,183 Charitable activities Rates and water Insurance Light and heat Telephone Computer and website development cosls Sundries Repairs & renewals Travel expenses 898 3,104 12,344 1,566 742 789 3,867 890 5,038 10,334 1,088 1,017 770 19,319 111 23,310 38,565 Support costs Finance Bank charges Depreciation of fixtures and filbng Other interest 498 805 460 893 1.303 1,355 Governance costs Accountancy fees 1,302 1,254 Total resources expended 45,430 52,357 Net incomel{expenditure) 7,198 (15,660) This page does not fomi part ofthe statutory financial statements Page 12