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 Tr￿tee8 lThJependent E>2Ml￿tr$ R•port Statemw* of Fir0￿181 Adwi Balartt Sheet Notes fomi1￿j part of the FirotKtal Statem*ts 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 A￿ere￿¢+ and Adm&¥￿*th# Inf¢)rniallan Chanty Name.. The Dr T￿ffia5 WftMte'5 Ch8rty Charity Nmitrw. 112S421 Company RegkstratK)n Nunber. (￿￿55029 R8gi8tered ofFK8.' Dr Vvhttds Ckee, PTff￿tt StsEeL Br￿ BS1 6NZ Board of Tnntee8 A￿rrnan co￿nWIth￿S Ak$6rrnan Robert Le￿￿. Chyir Mary B￿￿￿[ AbJ8rnan steP￿n Pearce Co-optsd TnMI49 Coun¢41br J￿tr￿n H￿ter cOur￿lIky E&Jy Lrf¢ PTr•idpnt Able￿llan Peter Crwn Company SecTrtary: MS D Thmas, Warden's How. Dr￿.9 Ctee. Pre*tSX Bttstol. BS1 6NZ Treasurer R M Gulk)dK IIWV La￿[5, NarTOW QLBY H￿￿￿8, N#rtwQ￿y. Br¢W. BS1 4QA Bankerd: Nalwest, Br￿1 City 0ifKx. PO Box 238. 32 Corn Str881 Br%td, 7UG Inv•skn•ntAd*Awr8: Eve￿) Partrtsrs. PofM*ll P&c8. Pofval LarB, BrthA. BS1 eNA14w)tthl 20131 CCLA In¥*stment Managemert Linited. OrE LorKIDll. EC4R (in￿la1 1n￿tMert October 20191 Inde￿￿￿nt exam1r￿. C W Stewts ACMACGkW Pap2 The Reverend Dr Thomas l*knitÈ's Charlty OuiAlm¥ aNJ ObhGtr•s pu￿ and Al rdEf of hardshp amow ts e￿ or wffirm or ar￿Jr￿j Cty aTrJ c￿ of Pr￿l￿ ty the WO¥i5hin of yJitatrAe The airns oflhe Charlty are ts provide comfcrflab* accrAnrnodalion in a that ￿k?￿s ￿$l￿nts io l¥e fully prOv￿￿￿*h 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 dern￿th fvixn • fflawrt￿ar￿ [enW[￿ bw¥trf", 99% ot￿pa￿On was achEved forlhe year r￿￿4." 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 $KoY￿K)n of aUX)mtM￿at￿ lo[ts￿ atwj in need ¥FwJ ¥e ￿￿ertaken 10 futher Impact Residents reguL8ty Cclnrf￿1 h3Ptw in V*¥ rw is e[that￿￿ by site m*)w ugani*w ￿ffee mo￿ngS and olher #owl adivibes tor their bene￿ In addrf￿. u* T1￿1¢8$ iivde ¥ the lo a Ct¢LStmas dDse ID St. Thomas. Day arwj a sIM¥berryTea nJLty besides [Ko￿lr￿j eath oftt￿ 9ftait￿l￿arK1 E&81er H￿tory. *hlg¥prn•tdS pbrfamwttt•artd fuiw• rknolthocharfty The Re¥ererKS DrThomas VVIth Temp￿ kkwAW. r(MYe ￿rrén￿c*d tkWTrite's AknS1￿. in 1613. Utsjerthe w*in81 consists of 18 unfvrni$14ed ¥itwW aroynd Sn atttatb¥e garden. A ￿ ime slte manageF acts as a"W ￿e￿I*￿￿t0 the fesLdent¥ Gal￿deS and Arehh*s Br￿ Cty L￿J￿r a S5*arb)an 1&h O(11ts2021. Tr Pv*ter D￿K￿r Service has in atvxuts * 8 2012 in￿an￿W3h￿tion 01£15.(MKI There has been an irKxea8e In ts (¥rAt￿ yah￿ oftre Chws KNeSti￿ pxtr￿. l*J pa￿￿. has Y)ueased by £63.762 tomparto W*5*8r•thl 30 sePtttnber2￿24. Tr•5 reve5￿ a lot* Rbjm of8.61% forthB ￿ (Jjwed the lth TEluTn ofts MSCI P114FA or tt.85% The Tnjstees have Evkn Pattrwstoevaiuate di4cussth*r st Of2.￿2* 12024." 3.295%) An unreaiws (*) ofts CCLAcOIFchad￿ ITh￿tr￿erf 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 Fwovh*s gu￿Jan￿ as to a5%et tnanayetnent fvnctions delegated to Evetyn Parthers by the Trustees shwkl be exe￿iSed. It ha5 been forniuLq￿ ￿th a vivw to ensuring that the $5et tnanagementfunctions wll t* exerased in Ihe best interesls ofthe Chatity. The TFUStees Intend that the real vahje of thw assets be mwrtaiwl athl enharwxl o¥er the ￿ temi by inv8slment in portfolio cornwsed of 8qurfll"88. fLKed irKcff* stoc*s and cash. In line with Trtsstees *iSt￿ Evetyn pa￿r$ have a balanc￿ inves1￿t otpc*"ve with medium risk. TfÈ Truste88 wularly monitor perf￿m￿ ofllE inve5tsrwt *ith CCLA Investment Management ￿mited COIF Charity R￿eThe& Policy The Board of Trustaes has examined th8 Chaty's wuirerwts for rese￿e$ in IpJht of ts main risks to the organisatron. Th? Board ofTmstees i* holdiffj reserves appropr*le to ft*etthe f*rMtsI ofthe Chartyythi￿ recognising the impOrtar￿ of maintsiniro a tjwnabj furKJ any p￿ible fvlure r&*velW aThYor ts rep1a￿rnent ￿$t$ of tre rrEhou5e. Tl* Trustees regularly revEwttE ￿Se[Ve$ p(sbon in tt* hJhtofll*]"r ex1￿1￿ aTwJ aTJti¢ip*ed fOTm*itments. Stru¢tuYÈ. G¢>vemancÈ and Managwnent The organBation is a rtharitable rxrfnpaay lin7rted by guarantse, IrK0￿rab￿ on 23 July 2(NJ8 registered 85 a ¢hanty on 25 September 2(X)8. fXX7yany was eslablisw U￿*T a ol A￿￿ation estsblisW the objectbves and wets ofthe Charits￿￿ thmpany and ts go¥etr￿ urKler its ATticles ofA&s￿alKIn. In Ihe e¥ent of the company ￿n9 wr￿Jnd 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 tr￿st885. 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 0￿rat£s. Rlsk A88888mentand Managemgnt The Board of Trustees has reviaved the majN risks to %thich Ihe Charity i5 exposed, and consder they have m￿gated [￿kS by arranging a(tequate insurance covenng Ihe Chatity Pr(wrty. EmKkiJ*¢s PU￿4¢ ￿8￿]￿e$. adopting ar￿ fo51owing a ten year maintenance plan. employing profe55K)nal organi53￿5 to rnafjagpthe Investsr￿ Portfol%) al￿ Invesbnent Praperty and ularly revitrmng Heath and Safety rekted Wiaes. Th? Rev*Y•nd Dr TIKXtt*8 While's Charlty Re8pon•ibilMI06 of th• BtArd of T1￿*E*S Company law requirestrÈ eoard ofTntstee5 to F*ep3re ffina￿ slat*￿ts kneach ffin¥Kial w. give a true and fair view ofthe st* of affair5 ofthe eharitaiAe ￿panY arwj the surplu5 ￿ts[￿tOfthe¢1•ltth c£ffipwyforthat periLYI. In preparing those financial 5tstements. the Board of Trustees is wuired to - Observe the rnethods and priripaL8 in ACCOU￿ting and Rery)rfirvJ by char￿e$.. statern￿ OfRewMTnw￿d Practica ISORPI applicaL4e to thanttes preparing theiraCco￿its in accrydarK* *ilh the FinarKial Reporbry Standard5 appli(x￿e in the Unrted Kiryknm 8Th4 RepL*k of IreL8TrJ IFRS1021 . Statewhether ap￿i￿)￿ ao))untsng $12ndard5 love t*en fo*J*l. Wto any E￿aterial dep•tsres di%*)sed and explained in the finarrial slat . P￿pare thefinènoal State[n￿ an th? gwj cr￿￿ basts Un￿ ivs ilakv￿ate to p￿L￿ne that the crffipany contiTrye ts op8ratDns The BDard ofTru5tees are responsth for keeyry [ry￿aCCoUn￿￿j rewrds wthicti rea3￿abl￿ accwacy atÈny time the finanual p0s￿Ort oftrÉ Challtsb￿ ojmpany and to enab￿ lh￿ to er6uE thatthe finanoal statetnents comyy with the Companies Act 2Cth. They are also FesF*￿sib1e forsafeguar£5ir¥ thÈ assets ofUE (th*itst4e c4Ytwy aThJ for takiw reasonable Step5 forthe prevention de*c*M of fra￿j atwj irwulaiiiE5. Independent Eumlnatbon All the cUr￿￿t Board ofTtustees have tak￿ all Steps that ttw (vJMto have taken to make ilwnsefve5 aware of any information needed by the crynpaftys iTh*pendent e￿nIr*r for Ihe puTp(tse of his examination and to establish that the examiner is aware ofthat info￿¥￿￿. The Btsard 01T￿￿e5 ofany relwanta￿￿rt iThf¢rmatM)n ofwhKth tt examiner Is unaware. Callurn Stevens was re-akwintal a5 the (*arrtat* ctx))pan￿s Ex2mirwdurir¥J the Jtar has expressed hi5 Ilir@nes5 to tx)thnue in Ihat f4•. Srn*ll Company Ex•mptkn Thi8 report ts Prepar￿ in aw - Grays Lane and Es8ex Estates Bank and Deposit Interest 27,311 27.311 2,849 31.302 3.162 502 3351 27.311 30.662 35,429 31 R¢$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 P￿aned Maintenance Repair5 and Maintenan Garden Maintenartce Gas, Eknty and Water S￿￿e5 4.028 2,210 39,329 1,220 5,085 6,093 4.702 1.898 67.843 4.278 8,232 C￿an11g and C￿an￿￿ Klater Equiprwt Council Tax Emergency Call Ch*ges M￿%1￿e0u$ 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 M￿C￿eoUS 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 m￿rne￿t in fvnds is staby after¢h￿l)9'. Independert Eyarnner5 Fee5 650 375 Page10 2025 2024 18JJ14 17.381 335 61TaN*4B F￿•dAm￿ty ￿1￿jIr I5.LKY) D￿5 15.0 202$ 804.847 I799￿6￿) 11747 63.762 7.713 1,161￿1 2￿,608 1264.99n 112.9541 75.888 9.523 I.￿2.300 ￿tIl30 **ni*￿2$*WEl.0I9.43S b>lnvo8trn•nt 202$ 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* s*ar 2025 2024 Oth&r creditors Accruals Bad d8bt pr￿￿￿3n 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