(Jwrity rqtsirnlion number 1133633 IEhBland i*los) THE WHtTEHAVEN FOYER ANNUAL REpoirr AND UNAUDITED FINANCIAL STATEMEKtS FOR THE YEAR ENDED 31 DECEMBER 2024 THE WHITEHAVEN FOYER LEGAL AND ADMINisfRATIVE INFORMATION Mrw Yavin Mr5CHEve MrR Norman MsAJThorn Ms C Rush Mr D Ib)bin50n {thiointed 28 May 20241 {th>ointed 28 Mgy 20241 Semlor Mts S Gamb￿5 Manyr Ch•rfty Nml*T 1133633 Compary numb•r 07098916 Rrylthred •nd wtrxlp•l offl 44 Irish Sire Whitehav2n Cumbria CA28 7BY Ind•p•nd•nt •xMnFner lan Scott BAIHons1. FCA, tKhA Saint & Co Chartered Accwniants 12113 Church Street Whiteha%eo Cumbrf CA28 7AY B•nkers National Westm5nster Bank pk 71 Lowther Streei Whiteha¥en Cumbrla CA28 7AH THE WHrrEHAVEN FOYER Chalrfs Report Tr￿Lee$. iewt Independeftl exarnlr*￿5 Teport atement of financial actr¥ities Balance sheet io-ii Notes to Ihe I￿n¢[al statéments 12-26 THE WHITEHAVEN FOYER CHAIRS REPORT FOR ThE YEAR ENDED 31 DECEMBER 2024 ft has been my custom at th15 time of the year to refiect on how the Board uf The Whiteh•¥en Foyer has responded to the many and variEd chaI￿nge5 that ha5confrontEd tharged wlth 8ovÉmln8 and mana8lng the critlcal servkes VR prvAde for the young PeO￿e in our carn. The first of these is to conless that whate*r ball I was lookSng Into lart ￿ar, has beer• VMII ind tNIy retired. The degree of optimism Ihat pervaded ry report ha5 rnt Stood up to th5e xrutiny. My assesyneni of the political scenario has not fwed uptoexpectstK>ll5.at least in the short term. whlch suggésts thatthe deslred sttitrpolitwjl chan8es will take lime and that our aTrntr1b￿IQn. through our extemal ery8emenL wlll to ensure that our contlnues to be hearf. As part of ihat prows, we have esTablL4hed a Sound wof*Jn6 relationship *ryth oui Member of Parliamertt, Josh McAlister CBE is tsking a keen inteFE5t in understanding a￿$ supportln8 our with young people. Hi5 own bactr8round In educath)n Jnd In Wo￿1￿ wlth wjung people auge￿ well for an otF8oln8 purposeful relatbonshlp. Our Local Authoflty Chlklren's Servlces. ha¥lr* IrNested heavlly kn puttin8 its own Iv)use in order. has been classifled as'Goo(r followirq a very rigorous OFsfED in5pertion. fts focus on redudry the numb•r ol thlldren nd young people in out of county care will have an Impart on the pr*yhsion ￿ have to offer. At both le￿1$ of Go¥wNnenL prepar￿ the 8mund for a m¢Ke pmactke phase i& on r￿￿e￿n. urKlemndable. We can Ilve wth that a lfttle lon8er so lon8aswe remain part of the con¥ets•th)n th￿ defines the n•ture of ser*lce a￿1 the patI￿a¥ to its wnpFement3t•Dn. One of the Kjys of beln8 Chalr of Board has teen the privile8e to ¥¥OTk with a gfOUP of focussed, enga81 8ry1 delightful colleague% who. each bring a rdrÉe of skills and de(licatlon to the task of loverna￿e. aare Rush, our ffK•5t recentty appolnted, How8111 represer1￿lIve, has. not On￿ brou8hi her financlal business cun*n but put her comparry, Mitie's. Meeting room and Sec￿1311￿1 servlces at our di$￿saI - 8fatefvl r@ceNed. We are also a￿ul to vrtlcon* frnvis a former Foyer TesidenL to the Board. Travi< pwlntrnent. In vknat has all the signs of a semThl moment in the Foyerfs iDurnry. brlw a uniquely Inslde ovv ￿rspecti￿￿ that will be wKtless as we rn0￿ for¥rnrd Into anD￿r ￿ar. On a personal MJt@. I hwe indicated to my felbw Board mem￿r5 that I wish to step down as Chalr followl thls AGM although I will remain • member of 8oJrd represerrting Ho*8ill F4mMy Centre. Since 2017, Immediately folk)wln8 the OffKial Opening of the F￿￿r ￿ the then Prime of Wales. now Kin8 Charle$ 111. I took ¢)n thks daunti￿ chall￿e which has steadity deb*k•ped into a privile8ethat has become one of ihe most r•wardin8tasks I have been honourod to ￿)dertake. l am totslty indebtsd lo all those people who shared the wnslbllty $0 Eenemusly. appolntment of s￿IlY G4mtrdes 1Trspi￿d. I rerna￿ in of can manage the mul11fa￿uS lspttts of a very (omplex Operntm>￿ with SL*h rtsoK*. sklll and 8ood humour. My thanks. lu# onè more tlme. ts to offer sincwe# thanks to evertrr>ne who mab2s The Whitehaven Fov sMKh a ¥41￿d and valuatAe asset to our ¢0mmU￿V, especially its ￿U￿B people in need. Mr Wskwn D•te." 11 June 2025 THE WHITEHAVEN FOYER TRUSTEES. REPORT (INCLUOING DIRECTOR5, REPORT) FOR TrIE YEAR ENDED 31 DECEMBER 2024 The trustees p￿sefit their annual rewt arxl flnarKtsI statemerts for the ￿arended 31 December 2024. The financlal 5tatrments have been p￿Pared in accordance with the a¢eountSnE policTres set out in note I to the finartial ststemenls and comply wlth ihe chanty's .sovemirE documenL the Companles Act 2006 and "Accountlng artd Reporting by Charities: Statementof Recommended Prartice applicable to charities pfeparir their accounts in accordance wth Anancol RepotilnE Stsr#lard applicable In the UK and Republicof Irelarrtl IFRS 1021" (effective l Janu•ry 2019). ObJ•dl%Y4 and acli¥ities Oui tharfty's purpose as set out in the obierts contalned in the compary's rnemorandurn of a￿7￿•t10n b: The relief of poverty. slckness and distre55 und the O¢fvoncetrent of educorityrt trolningfor the benefrt ol the publK, offl￿95t ￿Ung people in the West Cumbrio oreo by rhe provision of accommod9t1t￿. rrnlnlno ar Fornithd ty How8ill F￿{ty Cenlre {• company limited ty guarantee and 1e8tstrr￿ durltyi and Impact Housi ASS￿111￿1￿ Ir¥)w Integrated into The Riverside GrcAJP Llmitedl to p￿rd￿Se, develop arrfl refurbish the former Young Men's Christian A5s0ciat*)n bulld1￿ in lrith Street, Whhehaven Cumlyts. our prI￿1PaI aim is the provlslon of an Integrated faciltty for yDung peop￿ In West CurntKia by p￿¥l(lIn8 Safe and secure houslrvA togetheT with SUPPDrt and trnininl. To athleve thb¥ we plan to support w)ung people to re-connect with learnlw increase ernpbyakn'llty skills and imkwove t￿•r health & wellbeiw énsur1￿ ycur4 people have Ihe tools Ihty ￿ed to responsiknlity for their tutuo ensurina laMin8 pet50nal and social The buiklin8 of the res•Jentsal accommodation wa5 cornpleted in 2016 and the nevAy refvrbished Resource Centre was finally complet•d and handed over to us ¢)n l March 2017. These un￿ue t￿l￿1r￿ providé us whh a wonderful facility to meet our primary aim. We review our aims obFciives ￿u[arty. at least on an annual basis. to ensure that V4t vemain focu￿ en our key purpose and that w¢ plan our actplities In order to meet our ex[￿atiOnS. Our review will co4Er what we hove achieved afKI the related wtc(xne& and the success of each key attivity and the benefits t￿ h br￿ to those 8roups of P•0￿* ￿ are Set up to help. The Trustees have referred to thè guidance ￿ntaIr￿d In the Charlty C¢)mmiswn's general 8uldance on public beneflt when ￿t￿le￿I￿ the alm5 and obiertNes and Ir) plar)ning future activities. lft p•rtkular. the Tru51ees consider l￿W planned a#wities will contributè tts the aims and owertlves tlw have Set. Dellwrlry wbk b•n•fft trus*es have pald due regard to 8uidance Issued by the Charity CoMmi￿10n in deoding what actPlTties the charity should undertake. All our charrtable attwities focu5 on the provlsk)n of facilltie5 and services for the benefit of young people based wlthln our bocality and are undertaken to further our charltable purp)ses for the publlc benefft. We are committed to provxlir¢ equal OPFrfunities for tPK)se who use our seThice% r4ardless ot ethnicity. religion, 8*Mler. d5Sabl￿ and 5fxyal orientstion. THE WHITEHAVEN FOYER TRUSTEES, REPOKT {INCWDING DIREcfoRS' REPORT) {coiinNU£DI FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevem•nts and perfomwn¢• Durin8 2024 the tharltvs maln stratsgSes were: The cons0￿d0t10n of the financlal adm1nl5tyat￿n fvnttion from Truslee to the Foyer Manager with support from accountsntL Managlrya the use of our avallable Space to maxtm15E and secure i)ur futurè kKome to srablllse our finances particular￿ in attrnctirl ourgde or8anisatity)s in the use of our meeting spaces. The dellvery of a much needed counsellln8 prograrnme for re5ident& Expanding our contart and part￿r bases and developin8 our commltrnefit to ser4rfce community groups and of8an1￿11OI$, allied In partlcdar to offerlrg trainlng and enhanced experien￿5 for our resldent • Continuirwd to run The Foyer Shop as a servKe to our wSder communlty, wlth the help of vvlunteets. ContlnLMI review Wbd assessment of our 8Dvernance structUTE and prdCtI￿S and recruIti￿ new Trustees to fi115kin gaps. Even though every efft)rt has been made to prOff￿te the Business Centre our meetlr*s rooms are stlll not achievin8 the l¢vel of income seen prior to the Covid pandemio Due lo chon8e5 in workin8 prnclises the shift towards onllne meetlngs we may new get back to thi5 level. however we have started to see some Improvement wlth sorn• lon8 term bookings and wlll contlnue to womote and errya82 with local buslrbesses a￿1 community 8TOUPS thrO￿h nel￿ty and social medba channel Shop tskiry have inoEased on the prevlous yearaMI although income is still notsuffioent to cover all runnlng CQ5ts, the Trustees see the vitsl seNite it provtdes to a community wilh increaslngly little di5W)sable inrome arrfl have therEfofE agreed to subsidi5e tt* operatlonal costs for at least anot￿1 12 monihs. accommodation blocl comprtslng 19 Mlf-CQrtaiDed fiats contsnues to be fuly IKcupbed. The Riverslde Group, under a lease 8ranted in 2016.15 resport￿bIe for almlnlsterin8 and runnin8 the accommodatlon block a facility for the your8 people of West Cumbria in accordance with the Ob￿fve5 ofThe Whitehaven Foyer. All resldents benefft fTtYn planned trainin8 arKI support ar)d we been able to deNtbp links with bcal partne to provide employabtlity and tralnbw actfvl1i￿. in¢ludin8 offering young people a range of opportunities to o%trcome barr1￿5 and to 5upm them in athie¥ln8 thelr 8oals ar#1 aspIrat￿￿ We contlnue lo let 5ectlon5 of our b￿lfie$S centre to Of8anksatlons who fulty sUPPOrt our ahns arKI Oblecli￿S and 8fE key to our coftttrbued SLKcess. The Rlverside Group tontinues to operate Its offlce5 in our Resource Centre lor thelr 5UPPOrt teèrn. Arup occupy part ofour Resowce Cenire on a 10 year lease which had a 5 year break optlon, this expired in December 2022 and therefore Arnp will remain at The Whltehaven Foyer for at least another 3 years. Our relationship writh our tenant5 continues to grow and ihey continue to support us with fvndlng and resourc Flnandal rn¥1￿. r•ser¥e5 Jnd iwestments The eharlty recorded an unfestrKted funds Surplus for the year of £22.394. Restrkted fvrnds Income totslled £I,C￿, and include5 fundln8 that allo¥*5 for the continued imprfy4emenl of our operattons and facilitie5. All defldts on restrldod funds are covered by accumulated ￿$tricted reseTh*s brou8ht forward. At 31st December 2024, the tharlty had totsl resenAs of £l.515,023, of whith £1.316.045 was in restrlcted funds. THE WHITEHAVEN FOYER TRusfEES' REpoRf {INCWDING DIREcfDRS' REPORT IcoKfiNUEDI FOR THE YEAR ENOED 31 DECEMBER 2024 The 8oard ofTru*ees Iws a reseThes whlch aims is to ensurr th•t suffident reser¥es af¢ hebd to meel the 0￿￿tIOnal needs of charity and appropriate furKls are sei aslde In deygnated lunds tt5 tnvet the Ir*klpated future costs af Maintslnl￿ the prwni*S w htrii¥ standards and repl3cin6 mapr plant aTrJ equipment. The deloy5 in cOrnpw￿ oftr* wurce I￿lId￿ reEwMlion t3useO a corsiderable Incre￿ In the coqof the Pfoiect whlth ¢ould not bè fimnced from the existir￿ BTrrrt thling Or through add[1￿￿31 grant fundln8 Sour￿ eXa￿rbateil by the detay in the ability to generate IrKome from the Ilesource Cemre fadllty. cKHrity had to tske a bank loan. secure(l on the premlses, to meet the Hdditlonal costs and prD¥idE adequate cash leSer￿duri￿the extended phase be(El￿ the business •¢tfvrtlescould cornmeno. p*wment of the capitsl and intere5E on ihis h)an started in earty 2016. The b41•nce on this loan at 31 De￿mber 2024 was £79,050. the irKreases in inierest rates. Trustees had exwessed an Inte￿$t in off thls loan •nd tlts was (xJmp*tèd ihi5 year. Most Of￿ charltvsfundsare to be Sk%rt in slx)rtterni ￿ there are fewfvndslor SrNestmènt. The limited funds not immediatety ￿viled a￿ held on a deposit account arKI the next 5t• of fv finar￿￿1 reV￿W Is lo expkne Olfr￿ ac(OLWrt tsptknns that may offer a greater relurrL Our future plans are based on the continued need to e5trbrtsh financol suIAlity to ensure the aims ob5ectives of the charity (ontSnue to be ath￿tt. We havè wn the consolidatlon of our 5erykes aThJ fa¢ifities as a valuable resource for the centre of Whitehaven. noi onty forthe rE$￿eNtS alsofortht bvsinesses and communlty 8fDUPS wh? hire cur meob"n8 moms, and indi¥idua15 tw1￿ use str￿. We ¢orflnue w ￿￿eM￿nI the Slr*ew of Organ￿110n al￿ a pkn has been developed around these; . Hafne4tn8 charitsble statu5 to dellver our mlss Flnanciol lon8evity, . Contlnuous ￿bPMert of Stro￿ 8￿mSnee & fewesentation: Review meanin8 gf assets & deflne Ydlue added: . Identlfy b£y sutrtholder5 & dewlop wtlationshipl We are Jware of the comftthent ¥Je haw lo the 8Trnt funde￿ of thi5 major provide a faelllty for the youry people In West Cumtyia and oui efforts to maximise our income are gtared to provwJin8 the fvr for er￿uri￿ our 1￿mMOdatiOn Is ipprvwiatsty maintained to •chleve this objecti%e. We will continue to revtew and assess thè governanc• of ￿ orr￿n￿tiOn. Includi￿ moDitrJring the skms and ExrorierKe of our Tn￿e% (M)lioes and protedures. and iniegraticn of the Charity Code of GovetrhatKe for Smaller Charitles. THE WHITEHAVEN FOYER TRUSTEES. REpofff (INCWDING DIREcfoRS' REPORn ICOhmNUED) FOR THE YEAR ENDEO 31 DE￿mBER20l4 St￿￿Ure. and managen*nt The Whitehaven Foyer15 a compafty limlted by 8uardntee afMI the rok5 and responsiNlltles are lald down In the Memorandum ond Articles of As50ciatlon d3ted 8th December 2C*)9. The company wa5 registered as chairty on 215t January 2010. or8anlsatlon was establlshed fDlbwiD8 a joint VEntU￿ partnershlp bètween Impaci Housing Association {Tr)w inte8rotefl into The Riverside Group Urnltell and Howgill Farni￿ Centre. Together they acqulred the 0ri8inal premlse5 sn Irish Street Whiteha4en for development as a Foyer. The Alverside Group and How8ill Family Centre are the trwo membe￿ of the compary. The trU￿e@s, who are also the director5 for the purwse of compary law, and Se￿ed durin8 the year ar up to the date of S￿nature of ihe flna￿la1 statements were". Mr W Slavin MrsCHEve Ms S L Nichoknn Mr R Nomian MsAJThorn Ms C Rush Mr D Robinson {Re5i8ne(128 May 20241 {Appolnted 28 M•y 20241 (Appointed 28 May 20241 Board of Trustees is responsible for tl* o￿nI53t10n in all respects and is elected by the Members at it Annual General Meeling. Under the ArtKles of A5￿XIatIOn there is no M￿lmuM number of Trusiees and t minimum number Is three. Durini the ￿ar. The RNetside Group and How8111 ￿MIlY Centre have each been reprE5errted on the Board of Whitehb¥*n Foyer ty tvrt) Try5tees rK*mln•ted by them. The Trustees (aTry out theii d•Jties on a voluntary basis and recei¥* Th) financlal reward fortheirtlme or elforts. TNstee fecrultsixrt indurtion and tralni Trustees are recTulted for their servke to The Whitehaven Foser as volunteers for thelr skllls In the areas Identffle(I by the Board as key to ttr* 51Kce5s of the or8an15ation. Trustees are soL￿h1 Sn a variety of ways Invo￿1n8 expk)ration of the field of potentlal candidates. Indudlrt8 by re(ornmendatwJn from Membets. servlce user% offIce￿, and from ex15tln8Tru5tee5. Potentlal T￿￿teeS arE a55e55ed by the ctsrrtrt Board. We alm to ensu￿ thal all new Trustees urrfter5t4nd their reS￿AS￿lI1t•es to the charity and cary out thelr dulles tothe of8ani5ation based upon the prlacipals Govemance. and the guidance iSs￿d bythe Charity CoMmissM￿ for England and Wa* THE WHITEHAVEN FOYER TRUSTEES, REpoKf (INauDING DIREcfofts' REPORn (cownNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Organls*loTril stnthr• The Board of Trustees admintsters the charlty. The 8oard meets at least 5D( times a ￿#r. more often if required. oiher iask groups ofTrustee5, COryOPted members and offker% may be conveThed wben appropriate arKI ￿POrt to the Board. The Foyer Manager carries out the day.to.day operational dutie5 and develops the activities of Ihe charlty. and reports to the Board. Partnetship ft is antklp•ted the charlry wlli operate in partnership wlth other bxal organlsatlons to achieve it's objettives. The Trustees have a rlsk management #rate￿ whlth IKludes: n anrtual revlew of the rfsks facing the charity more regular revievts of major risks . the estsblishmeni of systems ar￿ procedures to miti8ate those rlsks that have been identlfied. U￿ne Natlonal 8est PractKe GuKlance • the implementstbn of proce(knres deskned to minimise arty potentlal Impact on the tharity ff ary of the rfsks materialise. As wilh arry new oryanlsatN)n, fi￿ar￿la1 sustainability has been Idemified as the most Si8nllkant flnanclal risk and auentlon wlll be focused on monÉtorin8 and mitytln8 any impart at the earliest opportunity. throu8h budgetsry control and regular revbew. establishment of w appropriate reserves pollcy ihai Ident5fles Ihe leNtl of sustainable operdiional reserts￿ is key to minimisin8 the financial risks and Settl￿ aside appropriate r•ds for future expeThJitUTe on our htrlta8e bulklirva will assist in eftsuri￿ our fU￿re. Key manaeem4ffl pern￿￿•1 remuneratlon The Trustees con5kier Board of Trbstees and the Foyer ManaBer as comwisin8 the key maftwment peN*nnel of the charity In char8e of directin8 and controifing the chèrty and runfil￿ ar￿ ope￿Ingthe chèrlry on a da*ttTrday basis. All Trustees Eive thelr time freety a￿1 no Trustee remuneration wa5 pald in the year. Details of Trustee expenses and related party tranuak)ns are diK105ed irn notes 13 and 25 to the accounts. The pay of all empbyees of the charity. intluding Ihe manager, wll be reiie*Ed annually and assessed in accordance wlth average eamin8s. The remuneralion will a150 be benchmathd with charities of a Similar sSze and act•¥ity to ensure that ihe remumratlon set is fair and not oul of Ilne with that 8eneralty paid for sirnilar robe& THE WHITEHAVEN FOYER TRUSTEE5' REPO1￿ (INCWDING DIRECTORS, REPORn I￿￿riNUED) FOR THE YEAR ENOED 31 DECEMBER 2024 Trustee< rryKThThilities s13teTh*nt The trustee5, who are also tt* dIrectO￿ of The Whitehaven for the wrpose of company law, are sponsible preparing the Trustees. Report and financlal statements In accordance with appllcable law and unfted Kln8th)m Accountln8 Slarn1ards Iunlted KI￿d0￿ Generally Accepted Accounlire Prnttkel, Company Law requires the trustees to prepare flnarthl stalen￿nts fr>r each financial year which 8l¥e a irue nd fair view of the state of affalfs of the charity and of the incomirya resources and appllcation of resource indudiry the in{￿Me and expenditure, ol the charl￿ble compary for that year. In prePart￿ these financial stat￿￿￿t$, ￿ trustee5 are requlred to: s•lect suikble ac£ountiw policies and then apply them consstently: obserle the methods and prlrKiples in the CharTlies SORP; make jud8en*nts and account1￿ estifflatÈs that are reasonable and [K￿lent. and Prepa￿ the finartial Staterneb￿ on the goin8 concern bosis Unle￿ it Is Inapproprlate to prESUFDe that the compary tpthl contlnue in operatbn. tNstees are re4>onslble for keeping adequate a¢¢ountw* records that disc105e with rEa50nablè atturary atany lime the finan(ial poytion ofthe charrty aNI enable them to ensure that rhe finandal statementscomp with the Companies Act 2C4)6. They afe also re5pon5ible for 5afe8uardin8 the assets of the charity and hen for taklnA reasonable steps tor the pieveThtion arKI delection of fraud and other irre8ularltle Sm•ll prowlslons Thls ￿pOrt has been prepared In accordar￿e with the provlslons appll(able to cofflpan*s entttled to smal companles exemptton. The truMees' rèport was apPr￿d by the Board of Trustee& Mrw Slavin Iljune 2025 THE WHITEHAVEN FOYER INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WHITEHAVEN FOYER I report to the trustees on my èxèmlnatlon of thè financial ￿ateffients of The Whitehaven Foyer (the d￿rIty) for the yearended 31 December 2024. Respon￿b￿hleS and bJsh of rép￿ As the trustees ot the charlty land also its dIrecto￿ for the purposes of ￿mpanY lawl. you Ire responsEble for the preparation of t1￿ flnandal ststements In acrordafKe with the reqUI￿rnents of the Companie5 Art 2(#)& Hwlng sat15fied myself that the finandal ststements of the tharity are not requwed to b¢ audfted under Part 16 of the Compan•es A£t and are eli8k>le for independent examlnation, I report in ￿SpeCt of rny examlnatlon of the charitys financial statemems carrled out under 5ect]on 145 of the Charitles Act 2011. In carrying out My examination I have folh)tA*d ihè Difectknns given by the Charity Commlsslon uThler sect5on 14515llbl of the Charitles Plt 2011. I have comp5eted my examlnatlon. I conflrm that no matters come to my allentkn In tonnethiDn with the examinalion givin8 me caL￿￿ to belleve that in ary rnaterwl respecL" accountln8 records were not kept in respect of the dwrity as requked by secth)n 386 of the Companbes Act 21Xl6. 2 the financial statements do accord WFth tFK)5e rECLYds: or the financial ststements do not Cornp￿ wlth the accounting requirEments of section 396 of the Companies Act 2006 other than any requlrtment ihat the financial statemenrs give a true and lair wew. whl¢h Is not matter consklered as of an irKtependert e¥Jmlnation; or the financial stalemenis have fv)t been p￿Pa￿Ed in èccorfance with the method5 and princlples of the Statemerti of Recommended PrKtte for accountlr8 and rewrtin8 by charlties applicable to charitles preparin8 their financial statements In accordance with the Flnancial Reportiry Stsndard applicaNe in the UK and of IrelarKI IFRS 102]. I have no concems and h*rt torne ￿TOsS ￿ otfrer matters In connecth)n with the ey2mknatlDn to whKh ttention should be drnwn in this report in order to enable a proper understandlre of the financlal ststements to be reKhed. lan Scott 8AIHons), FC& DthA Saini & Co Charte￿1 Accountant5 12113 Churth Sireet WhStehaven Cumbrla CA28 7AY Iljune 2025 THE WHITEHAVEN FOYER STATEMENT OF FINANCIAL AcllviTIES INauDING INCOME ANO EXPENDITURE Accoupir FOR THE YEAR ENDED 31 DECEMBER 2024 Trtsl Unr•5trthd Restrkted funds 2023 Total funds fvrrtts 2024 Ir*am• and •ndowrn•nts froffl: (>onaiN)ns and legacie5 Charltable actl¥llies oiher tradl 16,185 74.642 17,185 74￿2 750 65.628 65,628 10.030 63,527 io.oJ) 63.527 8,445 57,707 7.172 8,445 57.707 7,172 In¥￿meThI$ Other i￿Orne Toial Incam• 172,828 L73,828 138.986 750 139.736 Expendrturn on: Raising fiJThls Charitsble actl¥lties 36.022 114,412 36,022 168.704 30,757 IC(J.995 30,757 153.676 54,292 52.681 Totsl •xp•rnliture 150,434 54.292 204,n6 13L752 52.681 184.433 Net Incorr*ll•xp•ndltuve) 22.394 {532921 130,M) 7,234 51.9311 I44￿97) Transfer5 t*tween lunds 24 Other rnroenls•d ylns ￿dIO$s¢S. Revaluation of iongible fixed assets Nèt mG¥emwrt In lund5 li 22,394 {953,2921 {930.898) (51.9SS1 {44,6971 Rac0￿lfwtl•n of funds: FLmd balances at l January 2024 176.584 2.269.337 2.445.921 169,326 2,321,292 2.490.618 b¥l•nces at 31 D•c•mb•r 2024 198,978 L316.045 1515,023 176,584 2.269,337 2.445.921 The 5totement of financial athitks indudes all 8alns and k￿Se5 reco6nised in thè year. All Inc(￿ aNJ expenditure dert¥e from conthulTr8 act￿ The notes on paBe5 14 to 28 forni part ofthe5e financial st*eff*nt THE WHITEHAVEN FOYER BALANCE SHEET AS AT 31 DECEM8ER 2024 2024 Tan8it)le •￿ets Irwe5tmefrt property L072.077 230.0 2,2S2.904 16 IJ02.077 2252,904 Currnnt assets Debtor5 Cash ai bank and In hand 17 36.547 292.755 17.730 302,262 329.J)I 3J9992 Cr•dltor5: arn￿nts lallln8 due one year 19 (116a56) 147.7441 2U.946 272,248 Tot•1 ass•ts less lablllth$ I.515￿23 2.525.152 Crthors: amounts t•lllni due after mor• than one year (792311 N•t •M•ts 1.515.023 2.445.921 T￿ funds ofthe dmiity ftestrlcted Incoffte fund5 un0￿ricted f￿XIS lJ16,045 198.978 2.269.337 176.584 i￿￿.023 2.44S.921 The notes on pages 14 to 28 fo￿ part of these finandal statement& THE WHrrEHAVEN FOYER LANCE SHEEf (CONTINUED) AS AT310E(EMBER 2024 The compary Is entttled to the exemption frryn the audlt reqU1￿ment ctyrtalned In sectlon 477 of the Compan•es Act 21￿. for the ended 31 December 2024. The dlrectors ackrM)wledge ttetr ￿sPOr￿1bll11leS for comptying with the regul￿MentS of the CompaTrie5 fvxt 2006 wlth respert to %countI￿ records a￿1 the prepor4tw offinanclal statements. The memi*ts not requlred the company to obtsln an a￿lIt of 115 finanthl #atements for the year in quesr5on in Kcordance wlth sectlon 476. These fin•n¢lal statements ha¥e been prep•red In Kcord•nce with the provlsbns applicable to companbes subject to the smam companles reglme. The flnaKlal ststements ￿tre wroved by the In￿e$ on 11 June 2025. Mr W Slavin Company re￿$tration nurnber 07098916 (England and Wales) 11 THE WHITEHAVEN FOYER NOTES TO THE RNANaAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2024 Acrwntlnt poUd8s Charlty iTrlorrn•tlon Whilehaven Foyer is 8 private company limited by8uarnntee incorporoted in Er¥land and WValeL The registered Offi￿ is 44 Irlsh Streei, Whltehaven. Cumbria, CA28 7BY. 1.1 Accwnth¥ coTr4entlon The financrdl statements have been prepared in accordarfe the chariV5 Kovernl￿ doeurmnt. the Companles Act 2(K6. FA5 102 The Finandal fteporting &andard applioble in the UK and Republic of Ireland" avKI the Charlties SORP "Accounting and Re￿rt￿￿ by Charlties: Ststement of Recommended Prntlice appllcjble to tharities preparin8 their Kcounts in accordance with the Financial Re￿rtIng Standard applicable in the UK and Republic of IrEland (FR5 1021". The dwriiy is a Public Benefit Enlity defin￿ by FRS 102. The tharlty has taken athontsge of the wowi51￿ In the SORP for ch•rftles not to prepare a statement of cash flovrt. The finan¢ial ststeft￿nt5 are Prepared in sterling. whkh Is the tun(t￿n31 ￿rrencY of the charity. Monetary ar￿unt5 In tl*se financial statrments afe rounded to tlk £. The financial statements have been prEpare(l under ts hlstorical c05t coiNention. rnodlfiÈd to incknle the revaluation of freehohj propertles and to Ind￿le I￿eStMent propertie5 at falr value. The prlncipal •ccountin8 polkies a¢knpted are sei out below. 12 Golng At the tlme of appfovire the financial ststements, rhe trustses hw4e a reasonable eX￿CtatIOn that thé d)arSry has adequate resowces to continue in operational eXiSte￿e forthe foreseeable I￿ure. Thu5 the trvxees continue io adopt ihe going CQrtern basis of accountin8 in P￿parIn8 ihe flnancial statement> 13 Ch•rltèble funds Unre5trictsd lunds are avaO*)k for use at the discretlon ofthetru*ees In furthernnce of the1rd￿￿tsble obiedives. Designated fund5 comprise unre5trirted funds that have been Set Oside ty trustees for partlcular purp05e5. The alm and use of each ￿e5￿ftated fwKI Is set out in the notes to the financial statement& Restricted fvnds are 5ubRtt ro spedfK conditsor& by O￿or5 or graniors as to how they may be used.The purposes and uses of the restiicted fund5 I￿ set the notes to the linanci•l statements. IA Ino Income is recoenlsed whenthe charity is le8ally enthled to It after any prtomiance conditK*ns hwe teen meL Ihe amounts can be measurnd feliabty, a￿1 it is probable that Income I￿11 be re￿IVed. 12. THE WHITEHAVEN FOYER NOTES TO THE HNANCIAL STATEMEpirs (coKriNUEDI FOR THE YEAR ENDED 31 DECEhfflER 2024 polkl IConlknu•d) Gish donati(￿ are reco8nised on ￿elPt. Other donatlons are reoJ8ni5ed onte the chariry ha5 notified of the donation. unless performanc• conditicms require deferral of the amount. Income tax recoverable in relètion to don*K)ns recewl Und￿ Glft Ald or deeds of covenant Is reco8nised at the time of tr* •J>nat<•ii. ie8acle5 afE recosnised on receipt or othertvlse rf the chjrity h05 b¢en notlw of an Impendin8 distrib￿tiOn. the amount Is known, and re￿pt is eypetted. ff the amount ￿ not knowrn the *acy Is treated as a contltynt asset. Grants are not reu)8nlsed until there Is rea50nable awraKe that the thgrlty will comply wlth the ¢ornlitlons bttachln8 to them and the grdnts wlll be rLxei%*d. Where the grnnt does rmrt impose speciP*d f￿Ure pÈrformance-related Co￿ktA)n$ on the reclplent, It is reco8ni5ed in income when the grant proceeds are receNe(l or recefvable. Where the grant does ImFrt)se Specif￿d futu¥e Performan￿-re￿1t￿d conditions on the fedplent. It is reco8nised irt irKome only when Ihe Performance-￿1ated conditions havè beèn met. Where 8Trnts re￿1Ved are prior to 5atssfying tbe revenue reco8nition criterlJ, Ihy ort recognised as a liablllty. Income from conlr4cts forthe Supply of seThices b recwised with deli¥*ry ofthè contracted service. Thls Is classif￿d a5 unrestricted funds uftless there ts a contractual requlrement tor it to be spent on particular purpose and rtturned rf unspent, in wth'th case It may be regarded as restrtted. ExFenditure ts r2coyti5ed orte there Is • legal or Constrwti￿ obli8atlon to transfer emnomlc be￿fft third party, it is probable th•t a transfer of econL¥nic benefits will be required in settlemtnt, and the nK•unt ol the obli8athJn b¢ measured rellabty. E￿ndIture1$ dasslfied by activity. The costs of each actibity are made up of the totsl of dire(t costs a￿1 shared costs, indudinB SUPPOrt costs Invohed in undertskin8 each actwity. Direcl c¢sts altributsble to Single activrty are alkjcated dire(tty to that xtrvity. Shored costs which contrlbute io mofe than one ctivity a￿1 support costs whith are not attributable to a 5in8le activity are apportio[￿1 betwÉÈn those ctrwltie5 on a basis consistent wlth the use of re9)urtss. Centr41 stsff costs are allocated on the basis of time spenL ar•J depretlatbn chaw are allocated on the wrth?n of the assef s use. Tangible fixed assets a￿ initially measured at cost and SUbseq￿ntty measured at (ost or valu•ilon, r•rt of depr•ciation and ary knpa•rment1055e> 13- THE WHITEHAVEN FOYER NOTES TO THE FINANCIAL sfATEMEP4TS ICOPlnNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 polkles (¢￿t￿￿ed) Depreciationls reco8nised 50 as to ¥Yrite off cost ￿ valuatKm ol assets less their widual values over their useful I1￿ on the folbwI￿ bases: Freehold land and buildin8S Hxtures arKI ffttings Offlce equSpnent Stralght Int over 50 yea Strai8ht llne over 10 yea Straqht ￿ne over 4 or S ytars The Baln or loss 4rfsin8 on the dF$po￿l of an asset Is dete￿il￿d a5 dlffererte between the sale proceeds and the Carry1t￿ value of the asset, and is recognised In the statement of financlal actlvEtles. All iteffls less than £5CKI will be expensed in the year of purchase. 1.7 In¥estment property Investment property, whlch is pfDperty held to eam rentab andlor for captial appreclatk•n, Is Inltially recognised 8t cost. vthith indudes the purthase cox and any dlrectly attrlbutsble expenditure. Subsequentty It is measured at falr ￿lue at the reportln8 end date. The surplu5 or deficit on revaluation ks recognised in profit or los IA IMp•5rn￿t ol Ilxed assets At each report1￿ end date, the charlry revkn the carryir* aft￿ynt$ of its tangible assets to detemilr whetl*r there Is Irmlication that those assets suffered an Impaimient105s. If any such indication exlsts, the recoverable amount of the assei is eslimated in Ofder to determine tr* extent of the impairment loss lil anyl- 1.9 Cash and cash •qui¥alents Cash and cash equivalents In hand. deposlts held at can witb banks. other 5tK)rt-terrn Ilquld Irhvestments with original maturities of three months or less. and bank overdrafts. Bank overdrnfts a own wlthln tM)rTowirw in CUr￿nt Ilabllities. 1.10 Flnandal Instruments The charity has elec*d to appty the provislons of Seetbn 11 '83sic Finanual Instrument< and Sectlon 12 'Other Flnèncial Instruments Issues, of FR5 102 10 all ol rts f inanclal instrumenrs. FinarKo1 Instruments are rKognised in the charivs balance sheet when the ¢harlty be￿rneS party to the conlractual pll>vts￿nS Of the irffjtrumenL Ilnantial awts Basic financial assets. whlth indLth debtor5 (ash and bank balance5. are Inltlalty measured at transacth)n pr1￿ includw transaction osts and are subsequently carr*d at arnortised cost usln8 the effectl¥e lftterest method unless the •rrnngement con5tituie5 a financ5ng trènsoction. where tt transartknn is measured atlhe present value of the future re￿ip1S discounted at a market fate of inte￿$t. FlnarKial assèts classified as reCeI￿bIe withln one year are rnt amortlsed. THE WHrrEHAVEN FOYER NOTES TO THE FINANCIAL STATEMEf4TS ICONTINVED) FOR THE YEAR ENDED 31 DECEMBER 2024 A￿ntIn¥ polkles (c￿rtI￿ed) Baslc fln•Klal labllltl•s Basic finanoal liabllitles, indudlng creditors and bank loans are initialty recognised at transxtlon prlce unless the arrangement constitutes a flnancing transact￿)n. where the debt instrument Is measurEd at the present value of the futu￿ payments discounted at a ma￿t rate of interest. Financlal Ilabllltles classified as payable within one year are not aff￿rtISed. Debt Irotn#nents are subsequeth IA wried at an￿rtISed using the effecti%* interest rate method. Trade creditors are obligatk)n5 lo pay forgood5 or services that have been acquired in the ordinary course of ¢)peratlons from 5uppfjer5. Amounts pwblt a￿ dassified as current liabilities if payment Is due Wlthin one year or less. If not. they are presented as rM)nd. or in the perit)d of the revisk)n and future periods where the ￿ts10ft affecis both current and futu￿ perK)d& 15- THE WHITEHAVEN FOYER NOTESTOTHE FINANaAL sfATEMEMfs ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incom• fyorn dwations and le8ade5 Unre5trirted Restrkted funds lund5 2024 2024 Totsl Unr•rtrlcted R•strlcted funds funds 2023 2024 Dornations and 8lfts Other grants 185 16.fxmj 185 17.LKL) 750 79) 16.185 17.185 750 Income Irom Chorltsble acliwld Unre￿ricted Unr•strlrt•d furrfls funds 2024 2023 Inte8r*d ser¥ke prrydlsl Costs recovered from tenants Charltable refffal incorne Room hlre IS.343 51.529 7.770 12.75S 48.331 4.542 74.642 65.628 I￿0￿￿ Irom other tr•dlns ortivitl•s Unrestsirted Unrestrfrted 2D24 2023 Shop incoft 10,030 8.445 THE WHITEHAVEN FOYER NOTES TO THE FINANCIAL 5fATEMENTS ICOPfflNUEO) FOR THE YEAR ENDED 31 DECEWER 2024 Income Irrtern￿QrtS Unrestrfrted Unresirfrted nds fimds 2024 Rental Income Costs recovered from tenants Interest receivable 24,C 36,414 3.113 24,OCL) 31.144 2,563 63.527 57,707 Unresblrted Unrestrlrted funds funds 2024 2023 Admln fees and employerf5 Nl albwance 8,444 7.172 UnTeslrfrted Unrestrkied funds funds 1024 Premlses costs recharged to ten•nts 36.022 30,757 17- THE WHITEHAVEN FOYER N￿rEs TO ThE FINANCIAL sfATEMENfs ICOPfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 EMp•n¢lture M tharftalth actlvities Integrated Int¢y*•d rvl¢• ser¥lce provklon wovi5iOI) 2023 Share of supp(vt ¥nd 8(YdwnJnr• a>sts lsee fi￿• 10) Support GovemBn 161.479 7.22S 146.421 7.255 168,704 IS3.676 Analpls tyfund Vnfestrlcted fvnds Restrfcted furKIs 114.412 54,292 l(X).995 52,681 168.704 153.676 .18- THE WHITEHAVEN FOYER NIJFES TO THE FINANCIAL STATEMElItS {COP4TINUEOI FOR THE YEAR ENDED 31 DECEhlBER 2024 10 Support W5ts allocated to aclivities Staff costs Depre0at￿n Rates aThJ watsr light and he* R•pairs and maintenance Insura1￿e Te1è￿ne and intemet Bank tharges and Interest Sundry expenses equipment arKI support aeanI￿ and refuse ProiKi costs Governance coxs 61.632 J,827 2.598 8,926 4.714 5,333 943 55,881 50,857 9,228 5.279 947 6.893 4,797 738 2,993 9510 7,225 1.189 2.592 7,255 168,704 153.676 lrte8r*ed seNlre sxo¥lslon 168,704 153,676 11 Ilet movement In fvnds The net mownent in funds ts ststed after ChaTgill8llcredltl￿). Fees pyble to Ihe charity's independent e¥amlrnr. - fur the irKkpendefit ey2mination ufthe tharivs financial 5tatffnents - far other finarKk?I servlces Oepreckiilon ofowr*d ts￿ible fjmd •wts 3.250 3,019 50357 50.827 12 Tr￿t￿5 None ofthe thisieeslor 8ny pers0rtsc0r￿￿Cted withthernl re¢ehtd •ny rernunerati0nor￿1mburSefflent of expenses frDm the charhy durlng the ￿ar. 19- THE WHITEHAVEN FOYER IIOTES TO THE HNANCIAL sfATEMENTS (COKflNUED) FOR THE YEAR ENDED 31 DECEWER 2024 13 Emplo The werage morrthty number of empbvees dur1￿ ihe year wa 2024 Number 2023 Mumber Employn*nt ¢osls 2024 2(123 Wages and salarles Social securtty costs Other pens￿￿ (osts 54,475 4.746 2.411 49.697 4,091 2,093 61.632 55.881 There fK> employee5 wP#)se •nnual rernUnera￿n was more th•n £60,IXrf). 2024 48re8ate compensatton 42,051 39903 management personnel tr￿Ude all persons that have •uthorlty and reswJn5ibilty for plannln& irectinE and controlling the actwitie5 of the tharity. 14 Taxatl The charlty Is exempt from taxatlon on Its ¥tivllies because all its lrtome is applied for chafltable purpose5. -?n. THE WHITEHAVEN FOYER NOTES TO THE FINANCIAL sfATEMENT5 ICONnNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Thn8lble Ilxed assets Cost Orwa￿atIo￿l At ljanuary 2024 Revaluation Transfer t01Tr4est￿nt property 2.5C(I,Cf (12C(I,cKrJl {230,(NxII 4.602 2,443 2.507.Cb15 11,2W.(MK)I 1230,(KI)) At 31 December 2024 IXJ70,LKKI 4￿2 2,443 L077.Cb15 Dewedth ard Impalm*rt At l January 2024 Depreclatlon charyed th the ￿Or Aevaluailon 250,LKfl 2.769 1.372 367 254.141 50.827 I3￿,L￿￿1) 13CQ.(NX)I At 31 Dec•mber 2￿24 3229 1.739 At 31 December 2024 I￿70.(K￿l 1373 704 1,072.077 At 31 December 2023 2.250,(KX) IA33 1.071 2.252.9)4 The trustees revalued the freel¥Jkl prnperty ts £i.070,crf￿ at 31 Decemt*r 2024. This was based on valuatSon carrled out on 16 August 2024 by Mere Commerrial, an independent valuer. based on rnèrk*t value In accordan￿ with RICS Valuat5on Gk)bal Stsndard& In resF*d of tansible rued a55ets arml investment property t*ld at vèlualbon, if the assets were tarrfed undef the historic cost model the aggregate tost vn)uld be E3.372.195. accumulated depreciation wgvld be £528391 the c•fryI￿ arnount at 31 December 2024 be £2.843.W4. Both Famlly Centre and The Rpjetsldè Group Limited have a second charge on the premises 44- 45 Irlsh Street. Whiteh•en. rdnklnB equ•lty. which is to be held for a mlninum period of 30 yeats from 15th May 2012 to wure their inveslJnent. Cumbefland Bullding Society a150 have a char8e over thi5 property dated 24 Marth 2016 to secwe all monles due to them. -21- THE WHITEHAVEN FOYER NufES TO THÉ ANANCIAL STATEMENTS (coKfiNUED) FOR ThE YEAR ENDED 31 DECEMBER 2024 16 1Tr4estrnnt prnp•rty 2024 Falr value At l January 2024 Transfers from owner-occupied property 230,CKK> At 31 December 2024 230,1)J) Investment property Com￿1$e5 office bl(Kk let out lo Arup. The falrvalue of the in¥*stment property has been arrlved at on the basis of a valuation carried out at 16 Awdust 2024 by Mere Commercial, an independent valuer. based on markei value in accordance with RI￿ Valuation Global Standards. 8efore this valuation. no reliable estimate of the tsir value of the imwtment prnpeffjt was available so it was indLKled wrthin tangible flxed a￿tS as part of a mlxed use property. 17 D¢bttys 2024 2023 Amounts faMlnÉ due wlthln ont year: Trade debtor5 Prepayments aTrl accrued I￿Orne 34.105 2,442 15,230 2,SlXI 36.547 17.730 2023 Bank loans 79,050 81.107 p•ble wtthln one leaf Payable after one year 79.050 1,876 79.231 Amounts Included ab￿ wlmch fall due after It* year Payab* by in5tsknents 169.5871 THE WHrrEHAVEN FOYER NOTES TO THE FINANCIAL STATEMENTS {COPfflNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 l• lo•￿ and tr••rylrnfts (Contlnued) The mortgage Is conducted afi a ft)onthty repwffr*nl basis with intertst beiry choiBed at a varIa￿e r*e of 4.58% over tl* Bank of England base raie, discounted by 0.74% fDr years 110 3 of the new ￿ payment basis agreed from l March 202 1. The n￿rtgage is se￿red lry way of a charge dated 24 March 2016 over 4445 IrSsh Siteet. Whrtehoven. and a floatuw detsen￿re o%*r ihe Whiteha4en Foye¥. The mortP8e was pald in full in March 2025. 19 Credit￿. ar￿¥Trts wltNn 4>M ye 2024 Bank loans Other taxatK)n and social 5ecurfty Ttsde creditors Other creditor5 Acuuals and defETred income 79.050 1.754 1.876 1459 5,702 650 32.422 33.￿7 116.356 47.744 Accruals and deferred income above 5ncludes E25.466 f2023" f26.8621 d@￿rTed Income fof rent ser¥Ke charges and costs red￿r8ed to tenants iThffjlced in advance ai the ￿ar end. The amount of deferred in¢ome brou8ht forward released duTing tr* yéar £26.862. 20 CrndttoTh: anowtsfalllr¥x dut Iftar mr•r• th•n par 2023 Èank loan5 79.231 Cha￿e to profit or loss In respect oldefined CDntTibutx*n 2.411 2.(YJ3 The charity operates a defff￿ sd*me br all qual1fy1￿ empk)Ye￿ The asset5 of the scheme art held separ*ely from those ofihe tharity in an indewidently admlnlstered fvn(L THE WHITEHAVEN FOYER NOTES TO THE FINANCIAL STATEMEpifs {CONT114UED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Re5trict•d fimds The restricted funds of the charity comprlse zhe unexpended balances ol donations and grants held on trust suts￿rt to conditw)ns by thnor5 a5 to thty m¥y ￿ used. The wopety de¥elopmeTrt fund Is fof the conStr￿t￿n of the Foyer Build1￿ and i￿lUdeS Ca￿lat grants celved from Howgill FaM￿Y Centre and Impxi Nouslng Associatlon Lfjmlted l￿W part of The RpRrside Group). The seNice prov15ion fund is for general att•vities. At l &wary IncMih¥ Rey)uvres TrnthTS G•ins and Property deNtloFxnenl fund Servi provlsknn 2250.(XXI 150,OQ)I (￿O.1?[m)I I.3￿,￿0 19337 14,2921 16,oa5 2,269,337 I,otx) 154.2921 1,316.045 Pr•vhws At l January 2023 IrK(xnlrq RÈs¢wrce5 Trnn4fÉ expended G•lM and At31 1055es Dec•mb 2023 PrDperty development fund Service provlsknn 2,300.IJXI {50,CKAII 2.250,(MX) 21.292 750 12.6811 {24) 19,337 2.321,292 750 (52.681) 1241 2,269.337 -24- THE WHITEHAVEN FOYER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The ￿n￿5￿cted fund5 of the chadty comprise the unexpended balar*es of doDaik>ns and 8rant5 whlch are not subject to spetllk condiiions ty donofs and grnntots as to how they may bp used. The capital equ¥)ment ￿￿￿ement lund is funds e•rn)at*ed ty the trustses for the future replacement of major phnt arKS equipment. At I Lywary Intoffllr¢ Re50Urtts Trnrksf•rs 2024 resourrn5 expended 2014 Capital equipment pla￿rnent fund Genernl fvnds 75mJ 101.584 75,0 123.978 In.828 {150.4341 176,584 172.828 (150.4341 198.978 Pr•vlous At l J•nu•ry Incomlrf Re￿iT￿$ Transfws 1023 re￿1¢¢$ eJ¢p•nded At31 Deumb 2023 Cawtsl equlpment replacement fund General fvnd$ 75,(XKI 94,326 75mO 101.584 138.986 131.7521 24 169.326 138,986 1131.7521 24 176584 24 An•lysls ol rt ax•ts tr*tw¢en funds Unrnstrlrted Restricted funds funds Totsl At 31 Decembw 2024: Tan8ibte assets InVeSth￿￿t properties Curwert awtsllliJt4ltties1 872 1.071.205 230.1 14.840 1.072,077 230,000 212.946 198,106 198,978 1316,1)45 1515,023 THE WHrrEHAVEN FOYER N(TfES TO THE FINANCIAL sfATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DE￿MBER 2024 (cortIn￿lI Unrestrlcted Resirf¢t•d funds fUr￿S 2023 Totsl 202> At 31 Drthnb•r 2023: Tangible assels CuThent assetsllliabilhles) Lon8 iem) libbilr(*s 1.407 254.408 (79.2311 2.251,497 I7￿40 2252.9( 272.248 (79,2311 176,584 2,269337 2,445,921 TrLJStee M5 A TIKirn and fOrn￿r TnJ5tee Ms S Nicholson are empknffjd by The Ri*ryide GIOUP. Rl¥erskle are engaged in lease with the chartty to operaiè the resldertial acC(￿MOdatknn buildlr8 as • facllty ft>r young people sn accordan(* wlth ihe charitvs ObJeCti￿S. for whKh thry pay a mafv£t rent. Totsl income for the year, ind￿JIng rent Servi￿ char8e5 and cost recharges •mounted to £67,12512023: £61.1081. River￿de owed the charity £13.433 at 31 Ciecember 2024 in relation to this irKome12023: £12.1171.