Company registration number.. 06330264
Charity regislrdtion number.. 1122436
The Whitworth Centre Ltd
{A company limited by guarantee)
Annual Report and Financial Statements
for the YraT End￿ 31 March 2025

The Whitworth Centre Ltd
Contents
Sirategic Report
TTUStees' Report
2to6
Accountants. Report
Independent Examiner's Report
Statement of Finaneial Aetivilies
Balance Sheet
ioto li
Notes to the Financial Stat¢m¢nts
12to24

The Whltworth Centrn Ltd
Strategle Report for the Yefdr Ended 31 March 2025
Th¢ Irusl¢¢s. VAW arr diredorj for th¢ purpses of c(XDpany law. ptem ther Strategic r¢wrt for the yEarended
31 m￿¢h 2025. in wmplian¢e with $414C ofthe com￿1¢$ A¢t 2(K)6.
FINThd￿ revlew
Pollcy on ra¢nYs
Th¢ Tnulcej aim to maintain fr¢¢ rtjerves In unr¢Jlrfd¢d llt i l¢vel whkh equales to apptDxlma(ely thr
months of un￿S￿l￿¢d C￿nIable expenditur¢. Th• Trus*es ￿nSider th¥ this level will provide sufficient funds
to rtspond to appIl￿tiOnS for Brants enwre th* sup1￿ and sovernw costs ar¢ wY¢Trd.
The Tnutees ¢oTwider that A level ofthrtt HM￿thS is wffi¢ient siv￿ the flexibility afforded by the Tradin8 arn1
of the Centrt.
The strate8lC l¢POrt apprDvoI by ofthe chrrity si￿￿[ (ffl its Ixhaif by:
Mr Chri51opher
ChJimiBn bnd Trnstce

The Whitworth Centre Ltd
Trustees, Report
The trust¢¢s, who ttre directors for th¢ Purposes of company law, prcseni the annual report tO8ethcr with the
rinancial slatements and auditors, report of the charitable company for the year ended 31 March 2025.
Objectives and aetfvlties
Objects and alnLS
- The Whitworth Park remained open every day of the y¢ar, providing huge support trj local people when they
needed it mosl.
The Whitworth has increased it's environmental 8¢tivity given the global climate ¢han8e challenge.
We have been getting regular feed back on service levels from custom¢rs and the results have b¢¢n very good.
We maintained excellenl safcty record.
We have significantly groMTr activities again pmviding events and activities for all agc gTOUPS.
- We have invested in a number of building and park improv¢m¢nt projects.
We have a 5 year pl￿ to infoThn decision making going forward and to help ensure everyone is clear on
strategic direction.
- We have secured a major new lottery investment.
- We are pleased to have in¢r¢ased staff wages significantty in the year. helping staff themselves. manage rising
cost of living better.
We have clearly defined aim5 to SUp￿rt the residents of l)arley Dale to:
- Help enhance physical. social and mental well being.
- Help reduce social isolation and loneliness in our communty.
- Help create stronger, rewarding relah"onships in families and local groups.
- Help people make greener choices and improv¢ the environment.
We monilor customer satisfaction on a quartcrly basis and have maintained levels of over 9 out of 10 on a
¢onsistent basis.
Fundraising dlsclosu
These activities were supported by 8 number of grant activiti¢4 donations from the public and our Trading Ltd
Company.
Public benefi¢
We hav¢ maintained our inveslmerf levels in the building and park and have secured a new £lm Heritage
lottery, Called Heart of the Park, it is hoped it will bring significajrt improvements over the next three years.
- Maintenance and management of a heritag¢ building and park.
- Development and support of organisations that provide a range of well being ori¢ntated services to people.
The trustees confirni that they have complied with the requirements of section 17 of the Charities Act 2011 to
have due regard to the publi¢ benefit guidance publish¢d by the Charity Commission for England and Walcs.
Page 2

The Whitworth Centre Ltd
Trustees, Report
Soeial Ixvgslmenlpolieies
We hav¢ parti¢ularly fo¢ussed on environmental activity. throu8h ¢v¢nts like 'MEthing Spaet for Nature".
Repair Caf¢ and 5UPPOrting events by organisations such th¢ National Trust and Rewilding Britain.
We have lenanls both for the lodge and for one of our m¢eiiJ)g rooms. which provides some longer tern)
financial security of income. Thls tO8¢iher wilh our wide range of commercial a¢tivilies, has enabled us to keep
costs low for charilies and community groiips. using the building and park thereby enabling more well being
based services to be provided for local people.
- The maintenance and management of a heritage building and park.
- The development and support of organisations that provide a range of w¢ll b¢ing orientsled services to people.
The provision of events consistent with our purw)se and objectives. Thi5 would include theatre, ¢rafi fairs.
celebration musical activitie4 and environmental events which have been free to attend.
Trustees and officers
The trnstees and officers serving during the year and since the year end were as follows:
Truste¢s-
Mr Jason Farn]er (resigned 10 October 2024)
Mr Barry Mellor (resigned 25 October 2024)
Mrs Esther Walker (resigned 25 July 2024)
Miss Donna Shimwell (resigned 3 December 2024)
Mr lan Walker (resigned 6 October 2024)
Mr lan Adkin (resigned 6 Octobcr 2024)
Mr Peter Alan Ash {appointed 6 March 2025)
Mr Michael Gareth Corbett (appointed 24 Febnwy 2025)
Mrs Cr¢w¢nna Isabel Dymond (appointed 14 August 2024)
Mr Christopher Ra88 (appointed 20 May 2024)
Mr David Lawrence Wheeler (appointed 24 October 2024)
Mr James William Wi150J) (appointed 25 July 2024)
Mr Jonathan Ross Wood Finance lean (appointed 10 October 2024)
Chaiman:
Mr Bany Mellor (resigned 25 October 2024)
Mr Christopher Ragg (appointed 20 May 2024)
Secretary..
Mr Jason Farn)er (resigned 10 oC￿ber 2024)
Other Officers:
Darley Dale Town Council
Mrs Kate Hurford, Finance Officer
Senior Management / Leadership
Page 3

The Wbitworth Centre Ltd
Trusteesl Report
Referen¢e And Administrative Details
Charity Registration Number:
Company Registration Number:
1122436
06330264
The chaTiry is illcoTporatcd in England & Wales.
Station Road
Darley Dale
Mailock
Derbyshire
DE4 2EQ
Registered Office..
Finan¢iAI instruments
Objectives ondpolicies
The charity's activities cxpose it to a number of financial risks including credit risK cash flow risk and liquÈdity
risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees.
which provide written principles on the use of financial derivatives to manage these risks. The charity does not
use dcrivative financial instnllnents for speculative purposes.
Cashflow risk
The charity's activities expose it primarily to the fmancia] risks of changes in foreign currency exchange rntes
and inl¢r¢st rates. The charity uscs foreign ¢xchange forward contracts and interest Tate swap contracts to hedge
Ihese exposures.
Interest bearing assets and liabilities are held at fixed rnte to ensure certainty of cash flows.
Credil rlsk
The charity's principal financial assets are bank balances and cash, trade and other reccivables, and investments.
The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance
Sheet are net of allowances for doubiful rec¢ivable5. An allowance for impairn)ent is made where there is an
identified loss event which, based on previous exp¢rience, is evidence of a redu¢lion in the recoverability of the
cash flows.
The Credit risk on liquid fimds and derivative financial instruments is limited because the cowiterparties are
banks with high credit-ratings assigned by international credit-rdting agencies.
The charity has no significant wncentration of credit risK with exposure spread over a large number of
counterparties and cu5tom¢rs.
Liquidity rifk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future
developments, the charity uses a mixture of long-terni and short-terni debt finance.
Further details regarding liquidity risk can be found in the Ststrment of accounting policies in the financial
slatements.
Pa8¢ 4

The Whitworth Centre Ltd
Trustees, Report
Funds held a$ eusiodi8n trustee on behllf of others
Restricted ossets..
Land comprising 11.06 hectares (or thereabouts)
Building 'Sir Joseph Whitworth InstiMte'
Unrcstricted assets:
Residential dwelling knowi as The Lodge
Agricultural land comprising 3.44 hectares (or thereabouts)
Football pit¢h comprising 1.45 hectares (or thereabouts)
Statement of trustees, responsibilities
The trustees (who ar¢ also the directors of The Whitworth Centre Ltd for the purposes of company law) are
responstble for preparing ihe t￿steeS. report and the financi31 statements in accordance with applicable law and
Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including
FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland..
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 faiT view
of the state of affairs of the charitsble company and of the incoming resources and application of resources,
including its income and expenditure, of the charitable company for that period. In preparing these financial
5tstements. the trnstees are required to:
select suiiable accounting policies and apply thcm COnSiSkDity;
observe the methods and principles in the Charities SORP:
make jud8¢m¢nts and estimates that are reasonable and prndent.
state whether applicable a¢¢ounting standards. comprising FRS 102 have been followed. subject to any
material departures disclosed and explained in the financial statements. and
prepare the financial stat¢m¢nts on the going concern basis unless it is inappropriate to Presume thai the
charitable company will continue in business.
The trustees are responsible for keeping proper acwunting records that call disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them to ensure that the financial stalements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charithble
company and hence for taking reasonable steps for the prevention and dctedion of frdud and other irregularities.
The trustees are responsible for th¢ maintenance and integrity of the corpornte and financial inforniation
included on the charitable companys website. Ixgislation governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Disclosure of inforni4tSon to auditor
Each truste¢ has taken steps that they ought to have taken as a tn￿tre in order lo n￿ke themselves aware of any
relevant audit inforniation and to estsblish that the charity's auditor is aware of that infornMtion. The trustees
confitm that there is no relevant infonnation that they know of and of which they know the auditor is unaware.
Small companies provision st4tement
This r¢port has been prepared in accordance with th¢ small companies regime under the Companies Act 2006.
Page S

The Whitjvorth Centre Ltd
Trustees. Reporl
'Ihe winiwl r¢purt Wlls #ppri?v¥d by th¢ tnL%lec5 ofih¢ chtirily on ..Ii/g/%Sund si8ned on its bthaifby-
Mr Chrislophtt
CbBirniwi And Trus1¢¢
Mr Jonoth•n Ross Woc
.Stru¢¢urei gov¢rn*Dee maDig¢m*nt
0rgdnu4fiondl4trudMr¢
ThL. Whitworth CenttE Lt(L which is a re8i51er¢d clwrity. wholty owty% Whitworth Ccntsr (TradiDB) Ltd through
whlch li operntes il's C￿erin& Hire gud Cth￿n￿l Oper8tion& The c(Mnwy is VAT re8iStettd and 15
Charity rcgistere41 wlth the Ckoritiej Commi&4ion. The ¢bority ts c￿lled by it5 sov¢rnin8 doLvm¢nK il
OL)sfithtcs a limite(fcolnp￿Y 8nd it is litnltslThy 8u•rantée"-_-
tjoih collwanies are rna￿ged by 4 BoArd of Tn￿te5. dl of whnm ore r¢8istered with Companies llouse 8S
D1￿clOr5.
rhL SOIL tiieiDber Whitworth CcnlrL. Ltd is Dorley L0￿clI. as SLKh. it has conth)Iling yhare (Ir
'll)¥ Whiiwor(h. li'> obliylll)n LS io pmvide 7 c￿1n¢￿Il￿￿ lo $11 i)n tk ljwrd Dr i? 'InL4ILYS. lThe I nisi¢es MLYI
ancL' llnd if) a
LsillL*S im
ro￿￿entI. I
are fvnlicr dividL
iiili) fuur si1￿.{1M1￿ltt￿.￿ have Nyx115ibiliti¢Y 95 PTL*(TiIKxl in the ofihe ci)miniltL'¢
Ilii(k'r IhL ￿Ls1 ()1- 18911. 'lThc Wknilwonh. (forniolly 'llJ¢ Whiiwivth ￿￿IllU1￿) ¢xtsblixliLd ciii 151
Ni)v¥iiikr. ?onii. 'IliL uclivi1i￿ iindthukin&% of Ihc ch8rily K'rL' tak¢n OVL'r by tllc limiled c(IinrAiiy ii)
numi i)I' ThL' Whiiwttnli Lenire. All thL a￿.15 liuhiliiiL% uf il*. i1ri8iiwI Lhyrily WL'fL' traii¥linLYI ID Illi
collip￿}y.
Board of Tn￿1¢¢$
General Manager
Depury Djanager & Finantt officcr, Centr¢ AthniDi5trator, Lead C¢ntre opernt1￿ & IAathtu]8

A￿0￿￿tants, Report to the Trustees on the Preparallon of the Unaudlted Statutory
Ac¢ounts of
Th¢ Whltwortb Centre Ltd
for the Year Ended 31 M*r¢h 2025
In ordcr to wist you to fidfil y¢tsr under tho C¢)mpfinies Act 2006. have prepu¢d fol your approvil
the accounts of Th¢ Whitworth Centte Ltd for th¢ year 31 mO￿h 20?5 35 5¢( out on wes 9 w 24 from
the ¢ompyDy'S Accounting records And from infann￿l¢ti and explanations you ha￿ 8iven us.
As a pr8Grl$in8 member of the Inslilut¢ of Financial A￿llIant5 •re subj•ct to its ethi¢al ond ￿h¢r
professionAI requirements which are detailed at
httpsJlwww.ifi.ors.uklabout-U51publicin*resVm¢mbeff¢8¥1*io
This Teport is made solely ￿ the board of di[￿1015 ofTh¢ Whitwfjrth Centre Lt￿ M a body. in aw￿￿¢¢ with
the ternis of our en84an¢nt le¢ter datrd 24 July. 2018.
This rewirt is made solely to the board of directors ofTh# Whih¥orth C¢ntrc ￿ 45 i W. in ¥eordmee with
the temis ofour en8agemeDi letter dlted •4 July 2018. Our work has been undertkn solely to pr¢pAre foryour
approval tlie financial sFat¢m¢nts of Thv WhiThYorth Centr¢ Lid aud stote thosc mattm that we h&ve o8reed to
state ￿ ale EO&rd"of'dire￿rS of The wliifivoith"treDtrELttrxr*btyiwthis"reprinweordmctrwith-th￿.-
tFA. To the fullest extent pcnnitted ty law, we do Dot wt or responsibility to w othfJ The
Whitworth Centr¢ Ltd and its ljoard of directors as a body for our or for this T¢[K￿L
J H Riley Asjoritsw lid
Diamond Court
Waier Street
Bokewell
Derbyihirt
DE45 IEW
Date...
2.5-..Z7./2
We h#v¢ not becn Instru￿ to carry our ￿ ￿4111 or a rtview ofthe rK¢L)wits of The Whitworth Centre Ltd. For
this reason. we have not verified th¢ accu￿Y or ¢ompk*Dess of the ￿￿Tr￿n8 rewrds or inforn)8tion
explanations you hAve given w u5 ¥nd we Ik) Do( therefore. exp￿￿ Bny opinion on th¢ statutory aCf>)unts.
ge7

The Whitworth Centre Ltd
Independent Examiner'j Report to the trnstees of The Whitworth Centre Ltd ('the
Company,)
I report to the charity InlSlee3 oft my examination of the a¢¢ounts of the Company for the year ended 31 March
2025.
Responsibilities #nd b4555 of report
As the charity's trustees of the Compmny (and also its directors for the purpose5 of company law) you are
responsible for the PTtpardtion of the aecthjnts in ae¢ordance with th¢ requiY¢ill¢nts of the Companies Aci 2006
('the 2006 Act,).
Having sat15fied myself thai the accounts of the Company Ar¢ fftoi required io be audited under Pm 16 of the
2006 Act and are eligible for independeni examination, I ￿pOrt in respect of my ¢xaminat50n of yovr charity's
aceounls as Carried out under section 145 of the Chwiiies Ad 2011 ('the 2011 Act,). In ¢wrylns oul my
examination I have followed the Directions given by th¢ Charty Commlsy'on under seeth 145(5)(b) of the
2011 Act.
Independent examlner's statement
I have completed my exarnination. I conftrm that no matier5 havc come ro my attention in coDmection with the
examination giving me cause to believe=
l. accounting records were noi kepl in respect of The Whitworth Centre Ltd as required by section 386 of the
2006 Act. or
2. the accounts do not accord with those records. or
3. the a¢counL5 do not comply with the accounlin8 requirements of Section 396 of the 2006 Act other than
any requirement that Ihc accounts give a 'true and fair view which is not a matter eonsidered as part of an
independent examination. or
4. the accounts have not b¢¢n pr¢par¢d in accordance with the methods and principles of the Statement of
Recommended Prnctice for accounting and reportin8 by charities [applicable io chariiies preparing their
accounts in accordance with the Financial Reporting Standard applic&ble in the UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come a¢r055 no other matter5 in connection with the examination ¢0 which attention
should be drawn in this report in order to enable a properunderstanding of the a￿O￿nts lo be reiched.
s￿phen Allen ACA FCCA
Allen, West and Foster Limited
Omega Couru 36&k366 Cemctcry Road
Sheffield
S118FT
Date,.
Pa8e 8

The Whilworth Ccntre Ltd
Statement of Financial Activities for the Year Ended 31 March 2025
ncluding Income and Expenditure Aecount and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
Restricted
funds
Total
2025
Note
Income and Endowments from:
Donations and legacies
other in¢om¢
74,103
24.383
41,396
115,499
24.383
Total income
98,486
41,396
139,882
Expenditure on:
Raising fitnds
Charitable a¢tiviti¢s
(145,476)
(13.143)
(145,476)
13.143)
Total expenditure
(158,619
(158,619
Net (expenditurevincome
Net movement in funds
60,133
41,396
18,737)
(60.133)
41,396
(18.737)
Reeoneiliation of funds
Total funds brought fonvard
396,747
1,692,832
2,089,579
Totsl fimd5 c￿le￿ for¥Ydrd
15
336,614
Unrestricted
funds
1,734.228
Restrieted
fundg
2,070,842
Total
2024
Note
Income and Endowm¢nl$ from:
Donations and legacies
Other income
86.332
23.923
17,617
103,949
23,923
Total income
110,255
17.617
127.872
Expenditure on:
Raising funds
Charitable activities
(94,795)
13,112)
(15,022)
(109.817)
(13,112)
Total expenditure
107.907
(15,022)
(122,929)
Nel income
2,348
2.595
4,943
Net movement in fiinds
2.348
2.595
4,943
Reconcilialion of funds
Total fi￿d$ brought forward
394.399
1,690.237
2,084,636
Total funds carried fonvard
15
396.747
1.692.832
2.089,579
All of the charity's a¢tivities derive from ¢ontinuin8 operations dwing th¢ aix)ve two periods.
Th¢ notes on pages 12 to 24 forni an integral part of these financial statements.
Pag¢ 9

The Whitworth Centre Lld
Olegistration number: 06330264)
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assels
Tangible assets
Heritagc assets
Investments
455,953
1,560.213
459,937
1,560,213
io
2,016,168
2,020.152
Current as$els
Debtots
Cash at bank and in hand
119.325
17,066
129,864
14.199
12
136,391
144,063
Creditors: Amounts falling dme within one year
13
44.989)
(23.703)
Net current assets
91.402
120,360
Total assets less current liabilitie5
2,107,570
2,140,512
Credilors: Amounts falling due after DJOT¢ tball OD¢ y￿r
Net #ssets
14
36.728
50,933)
2.070.842
2,089,579
Funds of the ¢harity:
Restrlcted Income tsnds
Restricted funds
1,734,228
1,692,832
Unre$trieted income fund$
Unrestricled funds
Revaluation reserve
291,669
44.945
351.802
44,945
Total unrestrided funds
336,614
396.747
Total funds
15
2,070.842
2,089,579
For the financial year ending 31 March 2025 thc charity was entitled to exrniption from audit under section 477
of the Companies A￿ 2006 relating to small companies.
Director5, responsibilities..
The members have not required the charity to obtsin an audtt of its accounts for the year in question in
accordance Mith section 476; and
The directors acknowledge their responsibilities for complying with th¢ requirem¢nts of the Act with respect
to accounting records and the prepardtion of accounts.
The noles on pages 12 to 24 fonn an integTal part of these financial statements.
Pagc 10

The Whltworth C¢ntr¢ Ltd
(Reglstr&tion number: 06330264)
BAlaMee Sheet 31 Mar¢h 2025
The finAn¢iai ststements on p•8ey 9 kn 24 approved by ￿￿¢¢¥. AU¥horI5￿ frx issu• ott
,I5./wSond Ji8ft¢d on their beknlf by:
Mr Christopher Ra88
Chaim￿ll find TTusl¢e
rJOnAth￿ Rfjss Ivood
Trustee
of the9e finwKial $tat¢menf&
Th¢ notrs on p•&e5..1? to 24 hnn an Ill*￿._

The Whitworth Centre Ltd
Notes to the FinaDei21 Statements for the Year Ended 31 March 2025
I Charity st4tus
The charity is limited by guarantee. incorporated in England & Wales. and consequently does not have share
cgpital. Each nf the trustees is liable to contribute an amount not exceeding £10 towards the assets of th¢ Charity
in the event of liquidation.
The address of its registcrcd office is:
ststion Road
Darley Dale
Matlo¢k
Derbyshire
DE4 2EQ
Th¢5e financial statements were authorised for issue by the trustees on I l June 2025.
2 Accounting po￿tIeS
Summary ofsignificant getounting polieies 4nd key aecouDting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been eonsislently applied ￿ ail the years presents￿ unless otherwise stated.
SIAtemenl of compli*ne¢
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Stat¢ment of Recommended Prnctiee (applicable to charities preparing their a¢wunts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019)
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Rcpublic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of prepAr*tion
The Whitworth Centre Ltd meets the definition of a public benefit entity under FBS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwisc stated in the relevant a¢￿￿ntillg
policy note5.
Golng concern
The trustees consider that there ar¢ no material uncertainties about the charitys ability to continue as a going
con¢¢rn nor any significant areas of unc¢rtainty that affect the canying value of &ssets held by the charity.
Income ¥nd endowments
All income is recognised once the charity h&$ entitlement to the income, it is probable that the income will b¢
received and the amount of the income receivable can be measuTed reliabty.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date.
In the event that a donation is subject to conditions that require a level of perfornwice by the charity before the
charity is ei)titl¢d to thc fimds. thc income is deferred and not recognised until either those conditinns are fully
met, or the fulfilment of those conditions is wholly within the control of the charity atid it is probable that these
conditions will bc fulfilled in the reporting period.
Pagc 12

The Whitworth Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
Grants reeelvable
Grants are recognised when the charity has an entiilement to the fimds and any conditions linked to the grants
have been met. IVh¢r¢ perforniance conditions are altached to the grant and are yet to be mel the income 15
recognised &% a liability and includcd on the balance sheet ￿ defeff¢d income to be released.
Expenditure
All expenditure is Tccognlsed once therc is a legal or constructive obligalion to that cxpenditure, it is probable
sertlemenl is required and the amount can bc measurcd Teli8bly. All costs ar¢ allocated to the applicable
expenditure heading thai aggre8ate similar costs to that category. Where costs Cannot be directly attribuled to
particular headings they have been allocated on a b&sis consistent with the use of resources, with central staff
costs allocated on the basis of time spent. and depreciation charges allocated on thc portion of the asset's use.
Other support costs are ￿located based on the spread of stsff costs.
Raisingfunds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in
trading activities that rdise funds.
Support costs
Support costs include central functions aThl hav¢ been allocated to activity cost categories on a basis consistent
with the use of resources, for example, allocating property costs by floor areas, or per capit4 staff costs by the
time spent and other wsts by their usag¢.
Governanee costs
These include the costs attributablc to the charity's compliance with constitutional and statutory requirements,
including audit. strategic management and trustee meetings and reimbursed expenses.
TaxatioD
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it me¢ts the defjnition of a charitabl¢ company for UK corporation lax PUTposes. Accordingly, the
chwity is potentially exempt from t&xatioD in respect of income or capital gains received within cat¢gories
covered by Chapter 3 Part I l of the Corporation T&K Act 2010 or Section 256 of the T￿ltiOn of Chargeabl¢
Gains Act 1992, to the extent that such income or gains arc applied ¢xclu5ively to charilable PUTposes.
Tangible fixed a55ets
Individual fixed assets rosting £0.00 or mor¢ are initially record¢d at cosL less any subsequent awumulated
depreciation and subsequent accumulated impainnem losses.
Heritage assets
Heritsge assets comprise of the 'Sir Joseph Whitworth Institute, building and attached land at 11.06 hectares and
carried at cost £1,560.213.
Depreci*lion and amortisation
Depreciation is provided on tangible fixed assets so as to write off th¢ cost or valuatioo less any estimated
residual value, over their expected useful econornic life as follows:
Ass¢t elass
Land and building
Deprttiatlon method and r*te
Carried at cost
Page 13

The Whitworth Centr¢ Ltd
Notes to the Financial Statements for the Year Ended 31 Marth 2025
Furniture and equipment
25 % Reducing balance
Business eombinations
Business combinations are accounted for under the purchase method. Where necessary, adjustments are made to
the financial $13temeniS of subsidiaries to bring the accouniing policies used lln￿ line with those used by the
charity. All intra-group transaclions. balances. income and expenses are eliminated on wn501idation. In
a¢¢ordance with Section 35 of FRS 102. Section 19 of FRS 102 has not beeD applied in these financtal
statements in respect of busiDcs$ ¢ombinations effected prior to the da* of transition.
Fixed asset investments
Fixed 4s5¢t investments, other than programm¢ r¢lat¢d investments. are included at market value at the b31an¢e
sheet date. Realised gains and losw on investments are calculated as the difference between sales proceeds and
their market value at the start of the year. or their subsequent cosL and are charged or credited to the Statement
of Finan¢ial Activities in the period of disposa].
Unrealised gains and losses Tepresent the movement in market values during the year and are credited or
charged to the Statement of Financial Activities based on th¢ market value at the year end.
Trade debtors
Trade debtors amounts du¢ from C￿510MeTS for merchandise sold or services perfoTmed in the ordinary
course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost
using the effective interest method. less provision for impairnient. A provision for the impairn]¢nt of trade
debtors is established when ihcrc is objective evidenc¢ that the charity will not be able to ￿lI¢(t all amounts due
according to the original temis of the re¢eivabl¢s.
CA8h and ¢2$h equivalents
Cash and cash equivalents comprise c&sh on hand and call deposits. and other short-terni highly liquid
investmenls that are readily convertible to a known amount of cash and are subject to an insignificant risk of
hange in value.
Trade creditors
Trnde creditors are obligations to pay for goods or services thal have been acquired in the ordinary course of
business from suppliers. Accowits payable are classified as current liabilities if the charity does noi have an
unconditional righL at the end of th¢ r¢portin8 period, lo defer settlem¢nt of the creditor for at least twelve
months after the reporttng date. If there is an unconditional right to defer settlement for at l&qst twelve months
after the reporting date, they are presented as non*uTrent liabilities.
Trade credttors are recognised initially at the transxtion price and subsequently M￿￿red at amortised cost
using the effective interest m¢th(Ml.
Page 14

The Whitworth Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing
borrowings are subsequently carried at amortised cos( with the difference between the proceeds, nel of
¥uisactiQii ¢05ts, and th¢ amount du¢ on rcdemption b¢ins recognised as 4 charge to the Statement of Financial
Activities over the period of the relevani boTrowing.
Interest expense is recognised on the basis of the effective interest method and is in¢luded in interest payable
and Similar charges.
Borrowings are classified as currcnl liabilities unless the charity has an unconditional right to defer settlcment of
the liability for at least twelve months after the reporting date.
Fund Strne￿re
Unrestricted income ￿ndS are genernl funds thal are available for use at th¢ trustee discretion in fiirth¢rance of
the objerfives of the charsty.
Restricted income funds ar¢ those donated for use in a particular area or for specific pirposes, the use of which
is restricted to that area or purpose.
Financial instrnments
Classiflcailon
Financial assets and financial liabilitie5 are recognised ￿en the charity becomes a party to the contractual
provisions of the instrument.
Financial liabilities and cquity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any ¢ontract that ¢vidence$ i residual interest in the assets of
the charity after deducting all of its liabilities.
Recognliion andmeusuremenl
All financial assets and liabilities are Initi￿lY measured at tsansaction price (including transaction costs), except
for those financial assets classifi¢d as at fair value through profit or loss. which are initially measured at fair
value (which is nonnally the transaction price excluding transaction costs). unless the arrangement constitutes a
financing transaction. If an aTrangement CODStilutes a financing transaction, the financial asset or financial
liability is measured at the present valuc of the futurc payments discounled at a market rdte of interest for a
similar debt instnunent.
Financial assets and liabilities are only offs¢t in th¢ statement of financial position when. and only when there
exists a legally enforceable right to set off the reco8nised amounts and the charlty intends either ￿ settle on a
Det basis, or trj realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) ts contractsal rights kn the cash flows from the
financial asset expire or are settled, b) the charity transfers to another party subslantially all of the risks and
reward5 of ownership of the financial asseL or c) the charity. despite having retsin¢d some. but not all,
signiftcant risks and rewards of ownership. has transferred control of the asset to another paty.
Financial liabilities are derecognised onty when the obligation specifi¢d in the Contract is discharged, cancelled
or expires.
Page 15

The Whitworth Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
lftvestments
Investments in subsidiaries are measured al cosi less impaim)ent. For investments in subsidiarics acquired for
consideration including the issu¢ of shares qualifying for merger relief, cost is me&8ured by referen¢e to the
nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Fair value measuremenl
The best evidence of fair value is a quoted price for an idenlical asset in an activ¢ markel. When quoted pric¢s
are unavailable, the pri¢e of a recent transaction for an ideniical assel provides evidence of fair value as long as
there has not been a significant change in economic circumslances or a significant lapse of time since the
transaction took place. If the markel is noi aclive and receni transactions of an identical asset on their own are
not 8 good estimate of fair value. the fair value is eslimaicd by using a valuation l¢chnique.
Pa8e 16

The Whitwortb Centre Ltd
Notes to the Fin8nci21 Statements for the Year Ended 31 March 2025
3 Income from donation5 and leg4cies
Unrestrieted
RestrActed
funds
Total
funds
GeDeral
Donalions and legacies.
Donations from individuals
Grants, including capilal grants.
Grants from other Charities
1344
1.344
72.759
41.396
114,155
Total for 202S
74.103
41,396
115,499
Total for 2024
86,332
17.617
103.949
4 Expenditure on rgising funds
a) Co$t$ of genernting donations and legacies
Reslrided
funds
Tolal
funds
Note
Total for 2024
15,022
15,022
b) Costs of trading a¢tivities
Unrestricted
funds
General
Total
funds
Note
Other direct costs of activities for generating fimds
Allocated support costs
1.568
143.908
1.568
143.908
Total for 2025
145.476
145,476
Tolal for 2024
94,795
94.795
Page 17

The Whitworth Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
5 Expenditure on chlrilgble aetivities
Unrestricted
fund
General
Tot#1
funds
Note
Governance costs
13,143
13,143
Total for 2024
13,112
13.112
6 Trustees remuner4¢ion and expenses
No trustees. nor any persons connected with them, have rec¢iv¢d any remuneration from th¢ charity during the
year.
No tfUStees have received any reimburscd expenses or any oth¢r benefits from the charity durlng the year.
7 Staff eosts
The aggregate payroll costs were as follows:
Employees received remuncraiion of £35.584 (2024-. £25,898) and £nil (2024: £nil) of expense$ were
reimburs¢d during th¢ year.
The monthly average number of persons (including setiior manag¢meni / leadership t¢am} employed by the
harity during the year expressed as full time equivalents w&$ as follows:
2025
2024
Avernge number of employees
12
8 (2024- 3) of the above employtts participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year kntall¢d £329 (2024 - £563).
During th¢ year. the charity made redundancy an￿Or terniination payments which totalled £Nil (2024- £Nil).
No employee received emoluments of more than £60.IXIO during the year.
Page 18

The Whitwortb Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
8 Tangible fixed Assets
L*nd and
buildi
FurnitUTe 2nd
equipment
Total
Cost
At l April 2024
At 31 March 2025
444.000
115966
559,966
444,000
115,966
559,966
DepTe¢iation
At l April 2024
Charge for the year
100.029
3,984
100,029
3,984
At 31 March 2025
104.013
104.013
Ne¢ book value
At 31 Mar¢h 2025
444,000
11,953
455,953
At 31 March 2024
444.000
15.937
459,937
Page 19

The Whitworth Centre Ltd
Notes to the Financial Statements for Ihe Year Ended 31 March 2025
Revaluation
The fair value of the companys Agriculnwal Land was revalued on 16 March 2021 by Milner Commercial
chartered Surveyors, an independent valuer.
Thc bi￿15 of th¢ valuation adopted in this instance was an assumed absolute freehold which is the gubject of a
protected agricultural tenancy.
Analysis of grassland auction sale results during 2019 & 2020 (source - Bagshaws) show an average sale yield
of £12.919 per acre.
Original cost £61,055
Revaluation £44.945 (3.479 acres at £12.919)
Revalued Carrying amount £106.000
Had this class of asset been m¢asured on a historical cost basis, their canying amowit would have been £Nil
(2024- £Nil).
9 Heritage assets
Other heritagt
*sset class I
Other berit#ge
asset elass 2
Total
Cost
At l April 2024
At 31 March 2025
1,200.(M)O
360,213 1.560,213
1,200,000
360,213 1.560,213
DeprecSation
At 31 March 2025
Net book value
At 31 March 2025
1.200,000
360.213 1,560.213
Summary of traDS4¢tions
Heritage asset class l £1200,000 Whitsyorth Institute
Heritage asset class 2 £360,213 HLF Grant capitalised iti 2007 used for Whitworth Institute refurbisbment
Page 20

The Whitworth Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
10 Fixed asset invtttments
Sb#res in group undertakings and particl￿￿ttE interests
Subsidiarv
undertgkings
Tot*1
Cost
At l April 2024
At 31 Mar¢h 2025
Net book value
At 31 Mar¢h 2025
At 31 Mar¢h 2024
Details of undertakings
Details of the investsnents in which the charity holds 2VO/o or more of the nominal value of any class of share
capital are as follows:
Country of
incorporalion
Proportlon of voting rights Principal
and shires beld
activity
Undertaklng
Holdlng
2025
2024
Subsidiary uDdertakiDgs
ordinary
shares of £1 0%
each
Trading am
for
the
Whitworth
Charity
The Whitworth Centre
(Trading) Ltd
England
11 DebtOT5
2025
2024
Trade debtors
Due from group undertakings
Prepayments
Other debtors
1,601
106,524
10,000
1,200
2,661
115,837
11.366
119,325
129,864
The Whitworth Centre (tradlng) Ltd
The trading subsidiary of The Whitworth Centre owed £106,524 as at 31 st March, 2025 (prior year £115,837).
P•ge 21

The Whitworth Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
12 Cash Ind cash equiv*leDts
2025
2024
Cash al bank
17,066
14,199
13 Credltors: gmount$ falling due within one year
2025
2024
Bank loans
Trdde creditors
VA T grant repayable
Accruals
9.518
14.039
(3,366)
24.798
9,518
11.507
178
2.500
44,989
23,703
14 Crediton: amounts f*lling due after ODe year
2025
2024
Bank loans
Other GrediloTS
31.112
5.616
37.440
13,493
36,728
50,933
Granis ihat have been received and where the conditions for its usc have not yet been met, the income ts
recognised as a liability on the balance sheel as deferred income £13.493 as at 315t ma￿h, 2023 (£31,992 prior
year) .
Pagc 22

The Whitworth Centre l.td
Notes to the Financial Stat¢ments for the Year Ended 31 Mareh 2025
IS Funds
Balance *t I
April 2024
Jn¢oming
resources
Resources
expended
B#lance It 31
March 2025
Unreslrieled funds
General
396.747
98,486
(158,619)
336,614
Restrlcted funds
1.692,832
41.396
1,734.228
Total funds
2.089.579
139.882
158,619
2,070,842
Balance at I
April 2023
Incoming
resour¢e$
Resources
expended
Balance at 31
MArch 2024
Unre5trirt¢d funds
General
394.399
110255
(107.907)
15,022)
396,747
Restricted funds
1.690,237
17.617
1,692,832
Total funds
2.084,636
127.872
(122.929
2.089,579
Page 23

The Whitworth Centre Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
16 Analysls of net assets between funds
Unrestrlcted
funds
General
Total funds At
31 Mwrth
2025
Restri¢t¢d
funds
Tangible fixed asset$
Heritage assets
Fixed asset investments
Current assels
Current liabilitie5
Creditors over l year
455.953
455,953
1.560,213
1,560,213
136,391
(44,989)
(36.728)
136.391
(44,989)
36,728)
Total net assets
510,629
1.560,213
2,070,842
Unrestricted
funds
General
Totsl funds at
31 March
2024
Restricted
Tangible fixed assets
Heritage assets
Fix¢d asset investments
Current assets
Current liabilities
Creditors over l year
459,937
459.937
1.560,213
1,560,213
144,063
(23,703)
(50,933)
529.366
144,063
(23,703)
50,933
Tolal net assets
1,560,213
2.089,579
Pa8e 24

The Whitworth Centre Ltd
Statement of Financial Activities by fund for the Year Ended 31 March 2025
Unrestricted Funds
Total
Total
Unre51ricted Unrestricted
Funds
FuDds
202S
2024
Ineome and Endowments from:
Donations and legacies
Other income
74.103
24.383
86.332
23.923
Total income
98.486
110,255
Expenditure on:
Raising fund5
Charitable activities
(145.476)
13.143
(94,795)
13,112)
Total expenditure
158.619
107.907
Nei (expendithre)lincome
60.133
2.348
Net movement in ￿ndS
{60,133)
2.348
Reconciliation of funds
Total funds brought fOn￿d
351.¥U2
349,454
Total fimds caTried forward
291.669
351.802
This page does not forn) part of th¢ stawiory finan¢ial ststem¢nts.
Page 25

The Whitworth Centre Ltd
Statement of Financial Activities by fund for the Year Ended 31 Mareh 2025
Restricted Funds
Total
Restri¢ted
Fund5
2025
Total
Restricted
Funds
2024
Income and Endowments from..
Donations and legacies
Total tneome
41,396
17.617
41,396
17,617
Expenditure on:
Raising funds
15.022
Total expenditure
15.022)
Net income
41.396
2,595
Net movement in funds
41,396
2,595
ReconcilRation of funds
Total funds brought forward
1.692,832
1.690,237
Total funds Ca￿led forward
1.734228
1.692.832
This page does not forn) part of the statutory fIna￿tal statements.
Page 26