The Reverend Dr Thomas White's Charity (A company limtted by guarantee) Annual Report & Financial Statements Charity Number 1125421 Company Number 06655029 Annual Report and Financial Statement For the year ended 30th September 2025
The Reverend Dr Thomas White's Charity Financial Staternnts For the year ended 30th September 2025 Contents Legal and Adminkstrth Infomiati)n Report of the Board of Trtee8 lThJependent E>2Mltr$ R•port Statemw of Fir0181 Adwi Balartt Sheet Notes fomi1j part of the FirotKtal Statemts 9-12 P*Je 1
The Reverend Dr Thomas Whlte's Charity Fin•n¢ial Statem For th• yoor ondod 30th S¢ptwb•r 2025 30th Saptember 2 Aere¢+ and Adm&¥th# Inf¢)rniallan Chanty Name.. The Dr Tffia5 WftMte'5 Ch8rty Charity Nmitrw. 112S421 Company RegkstratK)n Nunber. (55029 R8gi8tered ofFK8.' Dr Vvhttds Ckee, PTfftt StsEeL Br BS1 6NZ Board of Tnntee8 Arrnan conWIthS Ak$6rrnan Robert Le. Chyir Mary B[ AbJ8rnan stePn Pearce Co-optsd TnMI49 Coun¢41br Jtrn Hter cOurlIky E&Jy Lrf¢ PTr•idpnt Ablellan Peter Crwn Company SecTrtary: MS D Thmas, Warden's How. Dr.9 Ctee. PretSX Bttstol. BS1 6NZ Treasurer R M Gulk)dK IIWV La[5, NarTOW QLBY H8, N#rtwQy. Br¢W. BS1 4QA Bankerd: Nalwest, Br1 City 0ifKx. PO Box 238. 32 Corn Str881 Br%td, 7UG Inv•skn•ntAdAwr8: Eve) Partrtsrs. PofMll P&c8. Pofval LarB, BrthA. BS1 eNA14w)tthl 20131 CCLA In¥*stment Managemert Linited. OrE LorKIDll. EC4R (inla1 1ntMert October 20191 Indent exam1r. C W Stewts ACMACGkW Pap2
The Reverend Dr Thomas lknitÈ's Charlty OuiAlm¥ aNJ ObhGtr•s pu and Al rdEf of hardshp amow ts e or wffirm or arJrj Cty aTrJ c of Prl ty the WO¥i5hin of yJitatrAe The airns oflhe Charlty are ts provide comfcrflab accrAnrnodalion in a that k?s $lnts io l¥e fully prOvh modem. ftAty equipped. Ilats. Tlis bvjthny gtwtt fLv¥trg. Ldbmaiety nrf$u¢¢essknl. Prirripal Sour offimding for the Charity rEmaw Mailter frtyn •MY eamed from its inveslrnenl Portfolio As accommodation remans M dernth fvixn • fflawrtar [enW[ bw¥trf", 99% otpaOn was achEved forlhe year r4." 98%). Dellvorfng pu benefft The Truslees confirm Ilw ha¥e sJLrty thjer Ihe cn¥ths >Jll to nabe regard 10 Wc benefft wtidan JI wr ¢harfabk a¢tKvnÈs fous on the $KoYK)n of aUX)mtMat lo[ts atwj in need ¥FwJ ¥e ertaken 10 futher Impact Residents reguL8ty Cclnrf1 h3Ptw in V¥ rw is e[that by site m)w uganiw ffee mongS and olher #owl adivibes tor their bene In addrf. u T11¢8$ iivde ¥ the lo a Ct¢LStmas dDse ID St. Thomas. Day arwj a sIM¥berryTea nJLty besides [Kolrj eath oftt 9ftaitlarK1 E&81er Htory. hlg¥prn•tdS pbrfamwttt•artd fuiw• rknolthocharfty The Re¥ererKS DrThomas VVIth Temp kkwAW. r(MYe rréncd tkWTrite's AknS1. in 1613. Utsjerthe win81 consists of 18 unfvrni$14ed ¥itwW aroynd Sn atttatb¥e garden. A ime slte manageF acts as a"W eIt0 the fesLdent¥ GaldeS and Arehhs Br Cty LJr a S5arb)an 1&h O(11ts2021. Tr Pvter DKr Service has in atvxuts * 8 2012 inanW3htion 01£15.(MKI There has been an irKxea8e In ts (¥rAt yah oftre Chws KNeSti pxtr. lJ pa. has Y)ueased by £63.762 tomparto W58r•thl 30 sePtttnber224. Tr•5 reve5 a lot Rbjm of8.61% forthB (Jjwed the lth TEluTn ofts MSCI P114FA or tt.85% The Tnjstees have Evkn Pattrwstoevaiuate di4cussthr st Of2.2 12024." 3.295%) An unreaiws () ofts CCLAcOIFchad IThtrerf Fw¥J AuyJnuUtw Utubof£7.221 bAs been ffered to the ar . a decrease of 1 {2024" of 12 75%) on the markel vkn atlhe ofkne )v. e¥ting Fthlity1ntemallonai (Fbjehty Irbjex Fix¥J p Piy)Th•aLk} Pao&3
Th• R•v¢rgnd Dr Thomas Whrtti's Charity Report ofthe Board ofTn¥le Forth? yearended 301h Strptwnber2028 Inveslment Policy The Board of Trustees has prepared a 5tsterT%rt Fwovhs guJan as to a5%et tnanayetnent fvnctions delegated to Evetyn Parthers by the Trustees shwkl be exeiSed. It ha5 been forniuLq th a vivw to ensuring that the $5et tnanagementfunctions wll t exerased in Ihe best interesls ofthe Chatity. The TFUStees Intend that the real vahje of thw assets be mwrtaiwl athl enharwxl o¥er the temi by inv8slment in portfolio cornwsed of 8qurfll"88. fLKed irKcff stocs and cash. In line with Trtsstees iSt Evetyn par$ have a balanc inves1t otpc"ve with medium risk. TfÈ Truste88 wularly monitor perfm ofllE inve5tsrwt ith CCLA Investment Management mited COIF Charity ReThe& Policy The Board of Trustaes has examined th8 Chaty's wuirerwts for resee$ in IpJht of ts main risks to the organisatron. Th? Board ofTmstees i holdiffj reserves approprle to ftetthe frMtsI ofthe Chartyythi recognising the impOrtar of maintsiniro a tjwnabj furKJ any pible fvlure r&velW aThYor ts rep1arnent $t$ of tre rrEhou5e. Tl Trustees regularly revEwttE Se[Ve$ p(sbon in tt hJhtofll]"r ex11 aTwJ aTJti¢iped fOTmitments. Stru¢tuYÈ. G¢>vemancÈ and Managwnent The organBation is a rtharitable rxrfnpaay lin7rted by guarantse, IrK0rab on 23 July 2(NJ8 registered 85 a ¢hanty on 25 September 2(X)8. fXX7yany was eslablisw UT a ol Aation estsblisW the objectbves and wets ofthe Charits thmpany and ts go¥etr urKler its ATticles ofA&salKIn. In Ihe e¥ent of the company n9 wrJnd up mefnbers ao required to contribute an amourtt rK)t ex(£ediNJ £10. Appoinlment of the Board ofTrust885 The dire(ors of the rA)mpany are a150 chanty trusiees for wrposes of charity law and undw the company's Artrles are known as merrthrs of the Board of Trustees. Under the Rquirernents of the Klemor3ndum and Arbcl2s of AssorA2tion ther& are 3 tnaximum of fve nominated trUStee8 and ctropted trst885. In rdalpJn to b)8 tsu5tees. four a n(Mninated by Bri5tDI Cty Cwn(xl or by the Bish of Brisic4. Trusts? Management and TTrining contÈxt %vithin it 0rat£s. Rlsk A88888mentand Managemgnt The Board of Trustees has reviaved the majN risks to %thich Ihe Charity i5 exposed, and consder they have mgated [kS by arranging a(tequate insurance covenng Ihe Chatity Pr(wrty. EmKkiJ*¢s PU4¢ 8]e$. adopting ar fo51owing a ten year maintenance plan. employing profe55K)nal organi535 to rnafjagpthe Investsr Portfol%) al Invesbnent Praperty and ularly revitrmng Heath and Safety rekted Wiaes.
Th? RevY•nd Dr TIKXtt8 While's Charlty Re8pon•ibilMI06 of th• BtArd of T1ES Company law requirestrÈ eoard ofTntstee5 to Fep3re ffina slatts kneach ffin¥Kial w. give a true and fair view ofthe st of affair5 ofthe eharitaiAe panY arwj the surplu5 ts[tOfthe¢1•ltth c£ffipwyforthat periLYI. In preparing those financial 5tstements. the Board of Trustees is wuired to - Observe the rnethods and priripaL8 in ACCOUting and Rery)rfirvJ by chare$.. statern OfRewMTnwd Practica ISORPI applicaL4e to thanttes preparing theiraCcoits in accrydarK ilh the FinarKial Reporbry Standard5 appli(xe in the Unrted Kiryknm 8Th4 RepLk of IreL8TrJ IFRS1021 . Statewhether api) ao))untsng $12ndard5 love ten foJl. Wto any Eaterial dep•tsres di%)sed and explained in the finarrial slat . Ppare thefinènoal State[n an th? gwj cr basts Un ivs ilakvate to pLne that the crffipany contiTrye ts op8ratDns The BDard ofTru5tees are responsth for keeyry [ryaCCoUnj rewrds wthicti rea3abl accwacy atÈny time the finanual p0sOrt oftrÉ Challtsb ojmpany and to enab lh to er6uE thatthe finanoal statetnents comyy with the Companies Act 2Cth. They are also FesFsib1e forsafeguar£5ir¥ thÈ assets ofUE (thitst4e c4Ytwy aThJ for takiw reasonable Step5 forthe prevention decM of fraj atwj irwulaiiiE5. Independent Eumlnatbon All the cUrt Board ofTtustees have tak all Steps that ttw (vJMto have taken to make ilwnsefve5 aware of any information needed by the crynpaftys iThpendent enIrr for Ihe puTp(tse of his examination and to establish that the examiner is aware ofthat info¥. The Btsard 01Te5 ofany relwantart iThf¢rmatM)n ofwhKth tt examiner Is unaware. Callurn Stevens was re-akwintal a5 the (arrtat ctx))pans Ex2mirwdurir¥J the Jtar has expressed hi5 Ilir@nes5 to tx)thnue in Ihat f4•. Srnll Company Ex•mptkn Thi8 report ts Prepar in aw<San the pro1 tetabrvJ to ttE ccthpan regime follow the reMnd8.0rts In Accounbw and RWThJ by ChatilS. slater1 of Remendl Practi applthIe to ¢Jwti8s in the UK IFRS1021 &gned on behalfoftl* Tnjstees Aer[an Rebert Lv Cha
The Reverend Dr Thomas White's Charity statement of Financial kntivits For the year ended 30th Sept¢mb¢r 2025 Totsl Total FuThYs 2024 FurKIs 2026 omlng Inwslmart Irn8 a1 27,311 35.429 Irme Re8CAJC88 Ircrn CtrAritabk Ai5 114,988 114988 102,770 Donatbx Total Income 118.339 27,311 145.650 138.199 ExFWrtue - Direct Staff Costs 18.367 18.367 17,716 98.964 11110 11110 11.466 Costof Totsl ExpeNIKure lo719 107M19 137,136 Net I¢m¢ 10,520 27.311 37,831 RealBed Gar&lLossesl (x) ¥Nestinent 7.n3 7,713 9.523 UnrealBed GainllLc6sesl ¢fi Y)vesbnrt 86.641 541 129.103 N¢t I¢m01{EX1ltsI 10Aa) 91,666 102.086 139.689 Transfer5 FNts Net Ik¥emontln Fur 10.520 91A65 101005 139.689 Recor51? of funds Total funds broLyM foThYaTd 453.110 1303.9S8 1.657.068 1,517.379 Total caThft¥rH*rd 10 1395A23 1.759,153 1.657.068 Py7
The Reverend Dr Thonw White's Charity Balance Sheet As at 30th September 2025 2025 2024 Fixed Aets Tang Assets 98.380 98,380 Inve5tsnents 1,639,950 1.542,620 1,738.330 1.641.000 CurrentAssets Debtor5 and PrepayTnents Cash at Bank C83h Hand 12.197 19A70 79 31,746 14,872 14,646 54 29.572 Llabllltles: Amounts falling due With one year 110.9231 113,504} Net Current Assets 2023 16.068 NetA$gets 1.759.153 1,657.068 Repiesenled by". Unresthcted Fvnds - General Reserves - R8¥aluatlon R¢$er¥t 238.115 225,515 210,349 242.761 Designated Funds - Rede50pMent Fund 1.295.523 1,203,958 1.759,153 1.657,068 The company entiw to exernpl from Audft under 477 ofthe CoMpSAd2 rtiig to smaN MpanS. The members ha not red the cotnp3llyto obtsn an audit accoTdancewtih SeEn 476 ofthe CompanEs Act 2006. The directors acknovAedge Ihew r)nslfyknr ¢omptyng Ihe requYww)ts of theA¢twtih rÈspe¢tto èccounlwig records and forthe preparatK)n otthe a¢¢Dunts. These ub ha%t be preparwj In xcordarKe wtih the provwns applb to rmpanS subje¢t to the mll ¢ompaTrEs regine. The an¢1 $tsteffnts on pwJe$ 3- I2*VeprOb bythe Bo•fj ofTrustees on 8 Ailfv and Svan on the¥ behaff by.. Akjewrnan Ro Chair Page 8
The Rev¢r•nd Dr Thomas Whlle's Charity Notss fonning part of thè Finan¢iil Statements For tho year endod 3Llth Septernb¢r 202S l. Accounn9 P1¢1$ The pnncyal countirvJ a summ1j be. aruwntiTrJ pc4K4es ha¥e aFs&d conIYr0jhOut the year. 8a$15 of affountiTvJ The finarrAal ststements have iw prepared in accdan witr4 Auxjuntiw and Reporbw by Charibe5." Staternent of Recommended Practi to tharthes in UK aNJ Rewblic of IreLand IFRS1021 wued on 18 July 2014 and Financial Reporbng StaNJard thÈ lfjtW(xn RofIreIWd IFRS1U21 and Charitses Act2011. The charity constitutes a Wb1 tenefft enw as definJ by FRS 102. Fund Accountlng - Unresrlcted Funds Unrestrirted funds are availab ts use at dIsU%)n ofts trntstees in [Vthrar ofthe generdl oleLve5 ofthe thaty. Unrestiicted fvrK15 indude a revaluatiw reserve represenb'ThJ reStateTrt0f in¥tme assets at mark8t value. - Deslgnated Fund Designated fund5 are a porbon of unrestrtknl fur¥ts that ha¥e Set a5Kle f3 partrular putpo by the Ttustee5. Incoming Resourcos All incoming resources are Ind in Ihe Statem8Trt ol Finanrial AL&5 Ihe tharty v8 Wltyentitied tothe income and the amount ran be quantified with reasonable aowracy. Income Inves1EntS I[KAJh fur¥J5 leiJ. R8SOUfces Expandod ExFendilure L8 rewnis&S on an arrJual bas as a Ihthlty ts tnajrred. ExpeTh1iturÈ Ind VAT. is reported as part of the e¥pervJiiure to whmth it relate5. Costs ofgenexating fij5 cprE8 ofthe costs asx£sabJ rnanwJiThJ the Charitys Investrrrt I1. charite expendre comprEes IhLW Costs dirth irK)Jred by Charity (klNeryofÈts auivibes and far ts tenefiarieS. Governance costs incl1 Ihose costs assouated with freting Ihe c$tUb0nal and stabJtCfy Tequitetnents ofU Charity and InduLle the exarnination fee and costs lirthed to the Strateg m2nè3eftttof ts Charrty. Flxed Assets Fixed ass&ts lexdudirvJ invesbmentsl are 5tsted alc(6t Orvatr. Fixed asset Investments are indud8d at at the balarKe 5tEet4Jate. Gwn5 aj thses on di5posJ a1 revaluation are charg8d or uedited ttsthe Staiwfnt of Finarial Acvths ISOFAI. kny ojsts as8ooaW Ihe Sa or purchases of inVestrntS are acwunted for as part olthe Sa or wrchase of Ihe investments. Retirement B8fftS The Charity operate5 a defined contritiOn 5dvne. Tl perwi Ix)5ts d[j kn Staff c£ are o)nlributron8 payable to s¢heme in resw of the a(tsunbrvJ year. Taxatlon The Charity E a registered tharity arKI ts exeThptt¥Dm tay2tion on ts inton atKI galrtsTrere IW are appld to charitable pUSeS.
The Reverend Dr Thomas White's Charity Notss fomiing part of the Financial Statements For the year ended 30th September 2025 21 Incorning R880urc•8 Tolal 202$ Total 2024 InsEstrn8nt Incor - Inve51rnent Portfok> - Grays Lane and Es8ex Estates Bank and Deposit Interest 27,311 27.311 2,849 31.302 3.162 502 3351 27.311 30.662 35,429 31 R¢$ouY¢•s Exp¢nd¢d Ch8rh•ble A¢O . D¥ect Staff Costs 18.367 17,716 . Other Chantsbk Ac$ Costs Regdenfs Gffts 2.850 2,413 175 2.701 12041 Bad debts Insur8nce Tekphone Paned Maintenance Repair5 and Maintenan Garden Maintenartce Gas, Eknty and Water Se5 4.028 2,210 39,329 1,220 5,085 6,093 4.702 1.898 67.843 4.278 8,232 Can11g and Can Klater Equiprwt Council Tax Emergency Call Chges M%1e0u$ Property Costs 1120 120 1.681 422 170 68,052 1.920 1,841 1,5 454 159 98,964 Governan¢e ¢¢)sts 9.371 375 467 301 952 11.486 Examne¢s Fees NAA Sub5crwlK)n Stthnery, Postage aTrd MCeoUS Adrnn co 650 345 1.141 12.110 Cost ofGenernling Funds SIo&brOk Fees 9290 8.990 9.290 8.990 Total Re8ource8 Expended 107.819 137,136 41 Net Movomont in Funds 2025 2024 Net mrnet in fvnds is staby after¢hl)9'. Independert Eyarnner5 Fee5 650 375 Page10
2025 2024 18JJ14 17.381 335 61TaN4B F•dAmty 1jIr I5.LKY) D5 15.0 202$ 804.847 I7996) 11747 63.762 7.713 1,1611 2,608 1264.99n 112.9541 75.888 9.523 I.2.300 tIl30 ni2$*WEl.0I9.43S b>lnvo8trn•nt 202$ 2D24 Owin9 vsue 15.C (7321) 10,QOD $3,205 480.320 1.639.V 1.542.820 7.713 9,523 7.713 9.523 2025 2024 63,762 75.898 53.2 129.103 56>41
The Reverend Dr Thomas White's Charity Notes fornilng part of the Flnan¢l•l Stst•ments For the year ended 30th September 2025 81 Debtorn prep8ymonts knounts falit¥J JEat 2025 2024 Oebtors Other d8btors aThY prepaymerts 1498 4.358 10.516 11197 14.872 91 Cr8dltorB Arnounts fallir¥J or sar 2025 2024 Oth&r creditors Accruals Bad d8bt pr3n 3.737 3.129 6,179 3.063 4,262 13.504 10,923 101 Mo¥ffmert in Fur¥ Ouwlng Closlrvj FLmds UnrestrictsdFunds - GerEral ResetbES 210.349 118.119 17.246 1107,8191 238.115 . Revaluat>Jn R88e 242,761 117.2461 225.515 - R8d&vÈbpmÈnt FUNI 1.203.958 91.565 1,295.523 Totsi Fw 1.657. 1107.8191 1.759,153 Iniwtrnents drffprfr(Kn ttEr tm5tWK tA)SL P•Je 12
Independent examiner's report to the trustees of The Reverend Dr Thomas White's Charfty I report to the trustees on my examination of the accounts of The Reverend Dr Thornas White's Charity for the year ended 30th September 2025. Responslbllltles and basls of report As the trustees of the Charity you are responsible for the preparation of the accounts in accordance the requlrements of the Charitles Act 2011 ('the Acf). I report In respect of my examination of the Trust's accounts carrled out under section 145 of the 2011 Act and In carrying out my examlnation I have followed all the appllcable Dlrectlons glven by the Charity Commlsslon under section 145(5)(b) of the Act. Independent examlner's statement I have completed my examination. I confirm that no materlal matters have come to my attention in connection with the examination giving me cause to believe that in any material respect 1. accounting records were not kept in respect of the Trust as required by sectlon 130 of the 2. the accounts do not accord with those records. I have no concems arKI have come across no other matters In conneth'on with the examination to which attention should be drawn In this report In order to enable a proper understsnding of the accounts to be reached. Signed: Name: Callum Stevens ACMA, CGMA Date:0110512026 Page 6