Company registratlon number 07098916 (England and Wales)
Charity re8lstratlon number 1133633 (England and Wales)
THE WHITEHAVEN FOYER
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

THE WHITEHAVEN FOYER
LEGAL AND ADMINISTRATIVE INFORMATION
Trnstees
Mr W Slavin
Mr R Norman
Ms A J Thorn
Ms C Rush
Mr D Robinson
MrT Drake
IAppointed 19 July 20251
Senior management
Mrs 5 Gambles
Manager
Charity number
1133633
Company number
07098916
Registered and principal offl¢e
44 Irish Street
Whitehaven
Cumbria
CA28 7BY
Independent examlner
lan Scott BAIHonsl, FCA, DChA
Saint & Co Charterèd Accountants
12113 Church Street
Whitehaven
Cumbria
CA28 7AY
Bankers
National Westminster Bank PIC
71 Lowther Street
Whitehaven
Cumbria
CA28 7AH

THE WHITEHAVEN FOYER
CONTENTS
Page
Chair's Report
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
io-ii
Notes to the financial 5tatement5
12-25

THE WHITEHAVEN FOYER
CHAIR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
When I gazed out of my office in the Howgill Centre many years ago (maybe 2011 at the old YMCA building.
wondering about its potential, I never imagined that in 2026, 1 would find myself writing a report about the
succes5 of a vibrant enterprise supporting the community, and particularly young people, as Chair of the
Whitehaven Foyer.
It Is my privilege to take over, with the support of a skilled and highly functional and effective Trustee Board,
from Willie Slavin who has provided such energy, leadership, commitment and drNe to the work. l am
deli8hted that he has chosen to continue as a Board member in his Howgill Family Centre representative role
and hope he continues for many more years.
On a sadder note, this year has seen the resignation for personal reasons of Catherine Eve, a Trustee of many
years, who always went above and beyond in her support for the work. We offer our thanks and best Wishes
to Catherine and her family.
The services of the Foyer continue to be vital for a cohort of young people who respond 50 well to the chan￿5
on offer. The support provided has developed over recent years and become more targeted and focussed on
individual need, with clear evidence of progress and positive outcomes. The stories which the Board are able
to hear of lives changing and new jOLJrneys beginning, are humbling and a great tribute to the skills of the
professional colleagues who have input and impact, ably coordinated and facilitated by Shelly Gambles, our
Foyer Manager.
The partnership with Howglll and Riverside continues to be strong and it has been possible to align strategies
to support contract renewal, ensuring consistency of provision in turbulent financial times. Through this and
other effective management approaches, such a5 the expanding work of the shop, the Foyer continues on a
sound firlancial footin& enabling planning for the future to continue with some confidence.
The work of ihe Foyer has never been more necessary and l am honoured to continue to work wlth good
people who are committed to its ambitions and future, to ensure young people in West Cumbria have access
to a vital service should they be in need.
Mr R Norman
Chair
13 May 2026

THE WHITEHAVEN FOYER
TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their annual report and financial statements for the year ended 31 December 2025.
The financlal statements have been prepared in accordance with the accounting policies set out In note I to
the financial statements and comply with the charity's governing document, the Companies Act 2006 and
'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021" (effective l January 20191.
Objectives and activities
Our charity's purpose as set out in the objects contained in the company's memorandum of association is..
The relief of poverty, sickness and distre55 and the advancement of education and training for the benefrt of
the public, amongst young people in the West Cumbria area by the provision of accommodation, training and
5UPPOrt services.
Formed by Howgill Family Centre la company limited by guarantee and ￿gIStered charity) and Impact Housing
A550ciation (now integrated into The Riverside Group Limitedl to purchase, develop and refurbish the former
Young Men's Christian Association building in Irish Street, Whitehaven Cumbria, our principal aim is the
provision of an inte8rated facility for young people in West Cumbria by providing safe and secure housing
together with support and training. To achieve this, we plan to support young people to ￿-conneCt with
learning, increase employability skills and improve their health & wellbeing, ensuring young people have the
tools they need io take responsibility for their future ensuiing lasting personal and social change.
The buildinE of the residential accommodation was completed in 2016 and the newly re*urbi5hed Resource
Centre was finally completed and handed over to us on l March 2017. These two unique buildings provlde us
with a wonderful facility to meet our primary aim.
We review our aims and objective5 regularly, at least on an annual basis. to ensure that we remain focused on
our key purpose and that we plan our activities in order to meet our expectations. Our revlew will cover what
we have achieved and the related outCDmes, and the success of each key artivity and the benefits they have
brought to those groups of people we are set up to help.
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public
benefit when reviewing the aims and objectives and in planning future activitie5. In particular, the Trustees
consider how planned activities will contribute to the aims and objectives they have set.
Delfvering publlc benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what attivities
the charity should undertake. All our charitable activities focus Dn the provision of facilities and Services for
the benefit of young people based within our locality and are undertaken to further our charitable purposes
for the public benefit. We are committed to providing equal oppoitunities for those who use our services,
re8ardless of ethnicity, religion, gender, disability and sexual orientation.

THE WHITEHAVEN FOYER
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Achievements and perforrnance
During 2025 the charity's main 5trategie5 were..
Managing the use of our available spaces to maximise and secure our future income to ensure
continued stability of our finances, particulady in attracting outside organisations in the use of our
meeting spaces.
Seeking continuation fvndin8 for the much needed counselling programme for residents.
Expanding our contact and partner bases and developing our commitment to service community
groups and organisations, allied in particular to offering training and enhanced experiences for our
residents.
Continuing to run The Foyer Shop as a seNice to our WTder community, with the help of volunteers.
Continual review and assessment of our governance structure and practices and recruiting new
Trustees to fill skill gaps.
Every effort is being made to promote the Business Centre, howeverour meetings rooms are still not achieving
the level of income seen in previous years largely due to changes in working practises and the shift towards
online meetings. We have however secured a long-term booking with the Halifax and will continue to promole
and engage with local businesse5 and community group5 through networking and Social media channels.
Shop takings have increased again on the previous year and income has now reached a level that will cover
the salary of the shop assistant. The Trustees see the vital Service it provides to a community with increasingly
little disposable income and have therefore agreed to subsidise the operational costs for at least another 12
months.
The accommodation block, comprising 19 self-contained flats continues to be fvlly occupied. The Riverside
Group, under a lease granted in 2016, 15 responsible for administering and running the accommodation block
as a facility for the young people of West Cumbria in accordance with the objertive5 of The Whitehaven Foyer.
All residents benefit from planned training and support and we have been able to develop links with local
partners to provide employability and trainir¢g activitles, including offering young people a range of
opportunities to overcome barriers and to support them in achievinE their goa15 and aspirations.
We continue to let two sections of our business centre to organisations who fully Support our aims and
objettives and are key to our contlnued success. The Riverside Group continues to operate Its offices in our
Resource Centre for their sUPPOrt team. Arup occupy part of our Resource Centre on a 10 year lease which is
due to expire In December 2027. Our relatiQf15hip with our tenants continues to grow and they continue to
support us wlth funding and resources.
Flnanclal revlew, reserve5 and Investments
The charity recorded an unrestricted fund5 surplus for the year of £27,756. There was no restricted income in
the year. though there was E26,552 expenditure from restricted funds brought foNard mostly being the
depreciation of the property- At 31st December 2025, the charity had total reserves of £1,516,227, of which
£1,289,517 was in restiicted funds.

THE WHITEHAVEN FOYER
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Board of Trustees has developed a reserves policy which aims is to ensure that sufficient reserves are held
to meet the operational needs of the charity and appropriate funds are set aside in designated funds to meet
the anticipated future costs of maintaining the premises to heritage standards and replacing major plant and
equipment.
M05t of the charity's funds are to be spent in the short term so there are few funds for investment. The limited
funds not immediately requlred are held on a deposit account and the next stage of the financlal revlew is to
explore other account options that may offer a greater return.
Plans for future periods
Our future plans are based on the continued need to maintain financial stability to ensure the aims and
objettNes of the charity continue to be achieved. We have seen the consolidation of our services and facilities
as a valuable resource for the centre of Whitehaven, not only for the residents but also for the businesses and
community groups who hire our meeting rooms. and individuals who use our shop.
We continue to implement the strategies of the organisation and a busines5 plan has been developed around
these..
Harnessing charitable status to deliver our mission
Financial longevity,.
Contlnuous development of strong govemance & representation..
Review meaning of assets & define value added-
Identify key stakeholders & develop relationships.
We are aware of the commitment we have to the grant funders of this major projecr ro provide a facility for
the young people in West Cumbria and our efforts to maximise our income are geared to providing the fund5
for ensuring our accommodation is appropriatety maintained to achieve this objective.
We will continue to review ancl assess the Bovernance of the organisation, including monitoring the skills and
experience of our Trustees, policies and procedures, and integration of the Charity Code of Governance for
Smaller Charities.
Stiucturei governance and management
The Whitehaven Foyer is a company limited by guarantee and the roles and responsibilities are laid down in
the Memorandum and Articles of Association dated 8th December 2009. The company was registered as a
charity on 21st January 2010.
The organi5ation was established following a joint venture partnership between Impact Housing Association
(now integrated into The Riverside Group Limited) and Howglll Family Centre. Together they acquired the
original premises in Irish Street, Whitehaven for development as a Foyer. The Riverside Group and Howgill
Family Centre are the two Members of the company.

THE WHITEHAVEN FOYER
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees, who are also the directors for the purpose of company law, and who served during the year and
up to the date of signature of the financial staterDents were:
Mrw Slavin
MrsCHEve
Mr R Norman
Ms AJ Thorn
Ms C Rush
Mr D Robinson
MrTDrake
(Resigned 13 November 20251
(Appointed 19 July 20251
The Board of Trustees is responsible for the or8ani5ation in all respects and is elected by the Members at the
Annual General Meeting. Under the Articles of Association there is no maximum number of Trustees and the
minimum number is three. Durlng the year, The Riverside Group and Howgill Family Centre have each been
represented on the Board of The Whitehaven Foyer by two Trustees nominated by them.
The Tru5tee5 carry out their duties on a voluntary basis and receive no financial reward for theirtime or efforts.
Trustee recruitment, Indurtlon and training
Trustees are recruited for their service to The Whitehaven Foyer as volunteers for their skills in the areas
identified by the Board as key to the success of the organisation. Trustees are sought in a variety of ways
involving exploration of the fièld of potential candidates, incluijing by recommendation from Members,
service users, officers, and from existing Trustees. Potential Trustees are assessed by the current Board.
We aim to ensure that all new Trustees understand their responsibilities to the charity and carry out their
duties to the organisation based upon the principals'Good Governance, and the guidance issued by the Charity
Commission for England and Wales.
Organisatlonal structure
The Board of Trustees administers the charity. The Board meets at least six times a year, more often if required.
Other task group5 of Trustees, co-opted members and officers, may be convened when appropriate and report
to the Board. The Foyer Manager carries out the day-to-day operational duties and develops the activities of
the charity, and reports to the Board.
Partnershlp
It is anticipated the charity will operate in partnership with other local organisations to achieve it's objectives.

THE WHITEHAVEN FOYER
TRUSTEES, REPORT IINCLUDING DIREcfoRS' REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Risk Assessment
The Trustees have a risk management strategy which includes:
an annual review of the risks facing the charity
more regular review5 of major risks
the establishment of systems and procedures to rnitigate those risks that have been identified. using
National Best Practice Guidance
the irnplementation of procedures designed to minimi5e any potential impact on the charity if any of
the risks materiallse.
As with any new organisation, financial sustainability has been identified as the most significant financial risk
and attention will be focused on monitoring and mitigating any impact at the earliest opportunity, through
budgetary control and regular review. The establishment of an appropriate reserve5 policy that identifies the
level of sustainable operational reserves is key to minimising the financial risks and setting aside appropriate
funds for future expenditure on our heritage building will assist in ensuring our future.
Key management personnel remuneration
ThÈ Trustees consider the Board of Trustees and the Foyer Manager as comprising the key management
personnel of the charlty in charge of directing and controlling the charity and running and operating the charity
on a day-to-day basi5. All Trustees give their time freely and no Trustee remuneration was pald in the year.
Details of Trustee expenses and related party transactions are disclosed in notes 12 and 24 to the accounts.
The pay of all employees of the charity, including the manager. will be reviewed annually and assessed in
accordance with average earnings. The remuneration will also be benchmarked with charities of a similar size
and activity to ensure that the Temuneration set is fair and nol out of line with that generally paid for similar
roles.
Trustees, responsibilities statement
The trustees, who are also the directors of The Whitehaven Foyer for the purpose of company law, are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kin8dom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial Statements for each financial year which give a true
and fair view of the state of affairs of the charity and of the incoming resources and application of resources,
including the income and expenditure, of the charitable company for thal year.
In preparing these financial statements, the trustees are required to:
selert suitable accounting policies and then apply them consistently..
observe the methods and principles in the Charities SORP,.
make judgements and accounting estimates that are reasonable and prudent,. and
prepare the financial statements on the going concern basis unless it 15 inappropriate to presume that
the company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial p051tion of the charity and enable them to ensure that the financial statements
comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities.

THE WHITEHAVEN FOYER
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Small company provision5
This report has been prepared in accordance with the provisions applicable to companies entitled to the
small companies exemption.
The trustees, ￿port was approved by the Board of Trustees.
Mr R Norman
Trustee
13 May 2026

THE WHITEHAVEN FOYER
INDEPENDENT EXAMINER'S REPOKt
TO THE TRUSTEES OF THE WHITEHAVEN FOYER
I report to the trustees on my examination of the financial statements of The Whitehaven Foyer (the charity)
for the year ended 31 December 2025.
Re5ponslbllltles and basis of ￿POrt
As the trustees of the charity land also its directors for the purposes of company lawl, you are responsible for
the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part
16 of the Companies Act 2C()6 and are eligible for independent examination, I report in respect of my
examination of the charitvs financial statements carried out under section 145 of the Charities Act 2011. In
carrying out my examination I have followed the Directions given by the Charity Commission under section
14515llbl of the Charities Act 2011.
Independent examiner'5 statement
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 386 of the Companies
Act 2006.
the financial statements do not accord with those records,. or
the financial statements do not comply with the accounting requirement5 of section 396 of the
Companies Act 2006 other than any requirement that the financial statements give a true and fair view,
which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their financial statements in accordance with the Financial Rewrting Standard applicable in
the UK and Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial statements
to be reached.
lan Scott BAIHons1. FCA. DChA
Saint & Co Chartered Accountants
12113 Church Street
Whitehaven
Cumbria
CA28 7AY
13 May 2026

THE WHITEHAVEN FOYER
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
(INCLUDING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2025
Unrestricted Restricted
funds
fund5
2025
2025
Totsl Unrestrlrted Restrlcted
tund5
funds
2024
2024
Total
2025
2024
Income and endowments from:
Donations and legacies
Charitable activities
Oiher tradinE activities
Investments
other income
25.429
83,667
15,243
62,869
3,815
25,429
83,667
15,243
62,869
3,815
16,185
74,642
10,030
63,527
8,444
1,000
17,185
74,642
10,030
63,527
Total incorne
191,023
191.023
172,828
I,cMJo
173,828
Expenditure on:
Raising funds
Charitable activities
36,230
127,037
36,230
153.589
36,022
114,412
36,022
168,704
26,552
54,292
Total expendlture
163,267
26,552
189,819
150,434
54,292
204.726
Net incomellexpenditurel
27.756
126,5521
1,204
22,394
153,2921 130,8981
Transfers between funds
1241
24
Other recognlsed and losses:
Revaltjation of tangible
fixed assets
Igoo,ocKII 19CXJ,0001
Net movement in funds 11
27,732
126.5281
1.204
22,394 1953,2921 1930,8981
Reconclllatlon of funds:
Fund balances at l January
2025
198,978 1,316.045 1,515,023
176,584 2,269,337 2,445,921
Fund balances at 31
December 2025
226,710 1,289,517 1,516.227
198,978 1,316,045 1,515,023
The statement of financial acttvities includes all 8ains and losses recognised in the year. All income and
expenditure derive from contlnuing activities.
The notes on pages 12 to 25 form part of these financial statements.

THE WHITEHAVEN FOYER
BALANCE SHEET
AS AT 31 DECEMBER 2025
2025
2024
Notes
Fixed ?55et$
Tangible asset5
Investment property
15
16
1,049,850
230,L￿￿1
1,072,077
230,000
1,279,850
1.302,077
Current assets
Debtors
Cash at bank and in hand
17
10,737
270,677
36,547
292,755
281,414
329,302
Creditors: amounts falllng due wlthln
ofie year
19
145,0371
1116,3561
Net current a55ets
236,377
212,946
Total assets less cur￿nt liabilities
1,516,227
1,515,023
The funds of the charity
Restricted income funds
Unrestricted funds
21
22
1,289,517
226,710
1,316,045
198,978
1,516,227
1,515,023
The notes on pages 12 to 25 form part of these flnancial statements.
10-

THE WHITEHAVEN FOYER
BALANCE SHE￿ (CONTINUED)
AS AT31 DECEMBER 2025
The company is entitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006, for the year ended 31 December 2025.
The director5 acknowledge their responsibilitie5 for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of it5 financial statements for the year in
question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime.
The financial statements were approved by the trustees on 13 May 2026.
Mr R Norman
Trustee

THE WHITEHAVEN FOYER
NOTES TO THE FINANaAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
Charlty Inforniation
The Whitehaven Foyer is a private company limited by guarantee incorporated in England and Wales.
The registered office is 44 Irish Street, Whitehaven, Cumbria, CA28 7BY.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006, fRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Charitie5 SORP "Accounting and Reportin8 by Charities.. Statement of Recommended
Practice applicable to charities preparing their account5 in accordance with the Financial Reporting
Standard applicable in the UK and Republic of I￿land IFRS 1021" The charity is a Public Benefit Entity as
defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement
of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. modified to include
the revaluation of freehold properties and to include investment properties at fair value. The principal
accounting policies adopted are Set out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus the
trustees continue t¢ adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objertives.
Designated funds comprise unrestricted funds that have been Set aside by the trustees for particular
purposes. The aim and use of each designated fund 15 set out in the notes to the financial statements.
Restricted funds are subject to specific condition5 by donors or grantors as to how they may be used.
The purpose5 and uses of the restricted funds are set out In the notes to the financial statements.
1.4 Income
Intome is recognised when the charity is legally entitled to it after any performan￿ conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
12-

THE WHITEHAVEN FOYER
NOTES TOTHE FINANCIAL 5fATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting pollcles
Icontinuedl
Cash donations are recognised on receipt. Other donations are recognised once the charity has been
notified of the donation, unless performance conditions iequire deferral of the amount. Income tax
recoverable in relation to donations received under Glft Aid or deeds of covenant is recognised at the
time of the donation.
Legacies are recognised on receipt or othe￿iSe if the charity has been notified of an impending
dlstribution, the amount 15 known, and receipt Is expected. If the amount 15 not known, the legacy is
treated as a contingent asset.
Grants are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching to them and the grant5 will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is
recognised in income when the grant proceeds are received or receivable. Where the grant does impose
specified future performance-related conditions on the recipient, it is recognised in incorlle only when
the performance-related conditions have been met. Where grants received are prior to satisfying the
revenue recognition criteria, they are recognised as a liabilitv.
Income from contracts forthe supply of services is recognised with the delivery of the contracted service.
This is classified as unrestricted funds unle55 there is a contractual requirement for it to be spent on a
particular purpose and returned if unspent, in which case it may be regarded as restricted.
1.5 Expenditure
Expenditure Is recognised once there is a legal or constructtve obligation to transfer economic benefit to
a third party, r( is probable that a transfer of economic benefits will be required in settlement, and the
amount of the obligation can be measured reliably.
Expenditure 15 classified by actlvlty. The costs of each activity are made up of the total of dlrect costs and
shared costs, including support Costs involved in undertaking each activity. Direct tosts attributable to a
Single activity ore allocated directly to that actlvity. Shared costs which contribute to more than one
activity and support COSt5 which are not attfibutable to a single activity are apportioned between those
activities on a basis consistènt with the use of resources. Central staff c05ts are allocated on the basis of
time spent, and depreciation charges are allocated on the portion of the asset's use.
1.6 Tanglble fixed assets
Tangible fixed a55et5 are initially measured at cost and subsequently measured at cost or valuation, net
of depreciation and any impairment losses.
13-

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
(Continued)
Depreciation is recognised $0 as to write off the c05t or valuation of asset5 le55 their residual values over
their useful live5 on the following bases..
Freehold land and buildings
Fixtures and fittings
Office equipment
Straight line over SO years
Straight line over 10 years
Straight line over 4 or 5 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying vèlue of the asset, and is recognised in the statement of financial attivrties.
All items less than £51J) will be expensed in the year of purchase.
1.7 Investment Property
Investment property, which is property held to earn rentals andlor for capital appreciation, is initially
recognised at cost. which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation
is recognised in profit or Ioss.
IA Impairment of fixed assets
At each reporting end date, the charity reviews the Carrying amounts of its tangible assets to detemiine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to detem)ine the extent of the
impairment10s5 lif any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term Ilquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities.
1.10 Financial Snstruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to
the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtor5 and cash and bank balances, are initially measured at
transaction prite including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transartion, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
14-

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL STATEMENfs (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountlng policies
(Continued)
Baslc flnancial Ilabllltles
Basic financial liabilities, includin8 creditors and bank loans are initially recognised at transaction prl
unless the arrangement constitutes a financin8 transaction, where the debt instrument is measured at
the present value of the future payments discounted at a market rate of interest. Financial liabilities
classified as payable within one year are not amortlsed.
Debt instruments are subsequently cafried at amort15ed cost. using the effective interest rate method.
Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilitie5 if payment is
due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the effective
interest method.
Derecognltlon of financial liabilities
Financial liabilities are derecognised when the charitWs contractual obli8ètions expire or are discharged
or cancelled.
1.11 Retirement benellts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall
due.
Critical accountin8 estirnates and Judgements
In the applicatirJn of the charity's accounting pollcles, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other source5. The estimates and associated assumptions are based on historital
experience and other factor5 that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assurnption5 are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period of the revision and future periods where the revision affects both current
and future period5.
15-

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Income from donation5 and le8acies
Unrestricted Restrfrted
funds
funds
2025
2025
Total Unrestrirted Restricted
funds
funds
2024
2024
Total
2025
2024
Donations and gffts
Other grants
1,429
24,OC(I
1,429
24,000
185
16,OCt)
185
17,0(X)
i.(x)o
25,4Z9
25,429
16,185
1,000
17,185
Income from charitable activities
Unrestrirted Unrestricted
funds
funds
2025
Z024
Integrated service provision
Costs recovered from tenants
Charitable rental income
Room hire
22.136
53,450
8,081
15,343
51,529
7,770
83.667
74,642
Income from other tradlng actlvities
Unrestricted Unrestricted
funds
funds
2025
2024
Shop income
15,243
10,030
16-

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Income from Investments
Unrestrirted Unrestrirted
funds
fund5
2025
2024
Rental income
Cost5 recovered from tenant5
Interest receivable
24.OCKJ
37,150
1,719
24,0(X)
36,414
3.113
62,869
63,527
Other income
Unrestricted Unrestricted
funds
funds
2025
2024
Admin fees
3,815
Investment costs
Unrestrirted Unrestricted
funds
funds
2025
2024
Premises costs recharged to tenants
36,230
36,022

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Expenditure on charitable activities
Integrated Integr3ted
seNlce
servlce
provision
provision
2025
2024
Share of support and governance costs (see note 10)
Support
Govemance
144,696
8,893
161,479
7,225
153,589
168,704
Anoty5i5 by fund
Unrestricted funds
Restricted funds
127,037
26,552
114,412
54,292
153.589
168,704
IQ Support costs allocated to artivitles
2025
2024
Staff costs
Depreciation
Rates and water
Light and heat
Repairs and maintenance
Insurance
Telephone and internet
Bank charges and interest
Sundry expenses
IT equipment and support
Cleaning and refuse
Project costs
Governance costs
58,716
22,227
7,174
14.952
4,185
4,295
782
1,639
5,861
1,084
3,331
20,450
8,893
61,632
50,827
2,598
8.926
4,714
5,333
943
8,468
4.797
738
2,993
9,510
7,225
153,589
168,704
Analysed between:
Integrated sèrvice provision
153,589
168,704
18-

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL STATEMENT51CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
11 Net movement In funds
2025
2024
The net movement in fLsnds is stated after chargin￿{creditIngj'.
Fees payable to the charfty's independent examiner:
for the independent examination of the charity's financial statements
for other financial services
Depreciation of owned tanBible fixed assets
3,750
2.591
22,227
3,400
2,139
50,827
IZ Trustees
None of the trustees lor any persons connected with them) received any ￿M￿neratIOn or
reimbursement of expenses from the charity during the year.
13 Employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
Employment costs
2025
2024
Wages and salaries
Social serurity costs
Other pension costs
56,218
54,475
4,746
2,411
2,498
58,716
61,632
There were no employees whose annual remuneration was more than £60,0￿.
Remuneration of key management personnel
2025
2024
Aggregate compensation
42,967
42,051
19-

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
13 Employee5
(Continued}
Key management personnel include all persons that have authority and responsibility for planning,
direrting and controlling the aclivities of the charity.
14 Taxation
The charity is exempt from taxation on it5 activities because all its income is applied for charitable
purposes.
15 Tangible fixed assets
Fr¢ehold14nd
b¥lldlr45
Fixtwqs¥nd
fittin
Totsi
e4uipmeTrt
Cost or valuation
At l January 2025
1,070.C
4,602
2,443 1,077,045
At 31 December 2025
1,070,IX)O
4,602
2,443 1,077,045
Depreciation and Impairment
At l January 2025
Depreciation charged in the year
3,229
460
1,739
367
4,968
22,227
21,400
At 31 December 2025
21,400
3.689
2,106
27,195
Carrying amount
At 31 December 2025
1.048,600
913
337 1,049,850
At 31 December 2024
1,070,000
1,373
704 1,072,077
The trustees revalued the freehold property to £1,070,OC() at 31 December 2024. This was based on
valuation carried out on 16 August 2024 by Mere Commercial. an independent valuer, based on market
value in accordance with RICS Valuation Global Standards.
In respect of tangible fixed assets and investment property held at valuation, if the assets were carried
under the historic cost model the aggregate cost would be £3,372,195, accumulated depreciation would
be £595,835 and the carrying amount at 31 December 2025 would be £2,776,360.
Both Howgill Family Centre and The Riverside Group Limited have a second charge on the premises 44-
45 Irish Street, Whitehaven. ranking equally, which is to be held for a minimum period of 30 years from
15th May 2012 to secure their investment. Cumberland Building Society also have a charge over this
property dated 24 March 2016 to secLtre all monies due to them.
-20-

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
16 Investment property
2025
Fair Value
At l January 2025 and 31 December 2025
230,(X)O
Investment property compri5e5 the office block let out to Arup. The fairvalue of the investment property
has been arrived at on the basis of a valuation carried out at 16 August 2024 by Mere Commercial, an
independent valuer, based on market valve in accordance with RICS Valuation Global Standards. Before
this valuation, no reliable estimate of the fair value of the investment property was available so it was
included within tangible fixed assets as part of a mixed use property.
17 Debtors
2025
2024
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
9,155
1,582
34,105
2,442
10,737
36,547
18 Loan5 and overdrafts
2025
2024
Bank loans
79,050
Payable within one year
79,050
The mortgage was condurted on a monthly repayment basis with interest being charged at a variable
rate of 4.58% over the Bank of England base rate, discounted by 0.74% for years I to 3 of the new
repayment basis agreed from l March 2021. The mortgage was secured by way of a char8e dated 24
March 2016 over 44-45 Irish Street, Whitehaven, and a floating debenture over the Whitehaven Foyer.
The mortgage wa5 repaid in full in March 2025.
21

THE WHITEHAVEN FOYER
NOTES TOTHE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
19 Creditors: amounts falling due within one year
2025
2024
Notes
Bank loans
Other taxation and social securitv
Trade creditors
Other creditors
Accruals and deferred income
18
79.050
1,754
2,480
650
32,422
2,090
5,638
37,309
45,037
116,356
Accruals and deferred income above includes £28,99012024'. £25,466) deferred income for rent, service
charEes and costs recharged to tenants invoiced in advance at the year end. The amount of deferred
income brought forward released during the year was £25,466.
20 Retirement benefit schemes
2025
2024
Defined contrfbutlon schemes
Charge to profit or loss in respect of defined contribution schemes
2,498
2,411
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of
the scheme are held separately from those of the charity in an independently administered fund.
-22-

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
21 Restrlrted fund5
The restricted funds of the charity comprise the unexpended balances of donations and grants held on
trust subject to specifit conditions by donor5 as to how they may be used.
The property development fund is for the construction of the Foyer Building, and includes capital grants
received from Howgill Family Centre and Impact Housing Association Limited (now part of The Riverside
Groupl- The service provision fund is for 8eneral activities.
At l January
20Z5
Incoming
resources
Resources
expended
Transfers
Gains and
losses
At31
December
2025
Property
development
fund
Service
provision
1,3(X),OCK)
121,4(K)I
1.278,600
16,045
15,152}
24
10,917
1,316,045
126,5521
24
1,289,517
Previous year: At l January
2024
Incoming
resources
Resources
expended
Transfers
Galns an
losses
At31
December
2024
Property
development
fund
Service
provision
2,250,CAJJ
150,CWI
19(XJ.CQOI
1,300,0
19,337
1,000
14.2921
16.045
2,269,337
1.000
154,2921
1900,0(XJI
1,316,045
-23-

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL STATEMEpif5 (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
22 Unrestrirted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and 8rants which
are not subject to specific conditions by donors and grantors as to how they may be used.
The capital equipment replacement fund is funds earmarked by the trustees for the future replacement
of major plant and equipment.
At l January
2025
Incoming
resources
Resources
expended
Transfers
At31
December
2025
Capital equipment
replacement fund
General funds
75,000
123,978
75,000
151,710
191,023
1163,2671
1241
198,978
191,023
1163,2671
1241
226,710
Prevlous year:
At l January
2024
Inwmlng
resources
Resources
expended
Transfers
At31
December
2024
Capital equipment
replatement fund
General funds
75,0(X)
101,584
75.000
123,978
172,828
1150,4341
176,584
172,828
1150,4341
198,978
23 Analysis of net a5set5 betwef n funds
Unrestritted
funds
2025
Restrirted
funds
2025
Total
2025
At 31 December 2025:
Tangible assets
Investment properties
Current assetsllliabilitiesl
338
1,049,512
230,OCN)
10.005
1.049,850
230,0(X]
236,377
226,372
226,710
1,289.517
1,516,227
-24.

THE WHITEHAVEN FOYER
NOTES TO THE FINANCIAL STATEMENTS (Co￿rINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
23 Analysis of net assets between funds
{Continuedl
Unrestricted
funds
2024
Restrfrted
funds
2024
Total
2024
At 31 December 2024:
Tangible assets
Investment properties
Current assetsllliabilitiesl
1,072,077
230.0
212,946
872
1,071,205
230,DCXJ
14.840
198,106
198,978
1,316,045
1,515,023
24 Relatrd party transortions
Transactions with related partles
Trustees Ms A Thorn and Mr D Robinson are employed by The Riverside Group. Riverside are engaged in
a lease with the charity to operate the residential accommodation building as a facility for young people
in accordance with the charity's objectives, for which they pay a market rent. Total income for the year,
including rent, seNice charges and cost recharges amounted to £75,71312024'. £67,125). Riverside owed
the charity £4,508 at 31 December 2025 in relation to this income {2024-. £13,433).
-25-