The White Hor%e Sknw Trust LImIt￿l (Reglstered number: 084105￿) Rep)rt ofthe Trnytees for the Year Ended 31st Deeember 2024 The trus1￿& who are also direeluTS of the charity for the vf thc Companies Act 2006, pro%ent their rcport with the fmancial stale￿e]￿ of the ch8rtty foT the year ended 31st December 2024. Th¢ In￿tee$ have adopted the provisions of Accouutitig ¥nd Rep(xting by Charilies: Stateftnent of Reci)mmended Practice appliL'able to Clwities prepaTing their accounts in acc(Yddnce with the Financial Rq￿ing Standard applicable in the UK alld Republic of Ireland (FRS 102) (ciftttive l January 2019). Objectives and aims The Kvhite Horse Show is all outdoor cvcnt held over two days of the August public hojiday. The company sha]1 hold the income olThe IVhitL Hi)rse Show and ￿lY othcr inc(Jme or propety re¢eive4 for the gycllc'ral tharitable purrrf)sLs for the benefit of thL' itthabitants of the four pari%bes of uffing10￿ Balllki￿ Woolsi(xJL and Kingston Lisle. The trustees feL.l that the at￿lla1 acc(Nmls (knnors￿ate their ongoing support ofw(Nthy conjmunity projects. Grantmaking The Show '1 nL8t Awards ¢on]mittee can 0￿Y award gr8llts to gTOUPS and tharities on their bel]alf and to third parties. The company does not fi￿Y fund Fffojccts UDless exceptiotlal CircUn￿tanCLE ¢xi5L All applicants neLd to prDvAde evidence ol'self Fdp" Applications luv to be forwarded io Mrs E A Kelsey. Secrew of the 111)itc Horse Show Tnjs't "Awards Committee" and they should illclu(k details of the projcct aim5 and IA)ie£tive ACHIEVF.MENf AM) PERFORMANCE Fundrd&sing a¢tMties The White l.Iors¢ Show reli¢s on go(￿ weather for its SUCCQ55. Unfi)rtun*ely, tbe w￿ther w&s Farlicularty poor in the days p￿(¢ding the 2024 Show an4 as a resuli atteJMlance w￿￿ low on the first day which advcriety affected inLI)me and the total sw>lus from the event redlle￿ to £13.970 fry)m £29,675 ID the p￿VIO￿ year.. The ￿1ge of atti￿lOn$ continues to evolve thus ensuriJ]g aD appealing mix ol events. The feedback fri)n) attendee8 w<￿ again v¢ry positive. as1&st year, much effort W&$ mTn[rnL￿t but InLsIcL can be re-aPPOillted. Risk management The tnL4tecs h(tve identifi¢d and reviewed the risks to which the chwity is exwsed a￿1 have appr￿te controls In place to pmvid¢ re&sottable assurance againsi traud and cm)r. FEREP4CE AND AI)MINISTIL4TIVE DETAILS Registered CompaDy number 08410590 (England and Wales) R¢gb¢ered Charltv nunjber 1151533 Registcred office Meadowgold Cottage Upper Commc) Uff1ng7ton FaringdoD Oxtordshtre SN7 7RU Trnstees J J Boaler (resI￿ed 251312024) F. C Preece P WILitfield T J J Swash (resignLd 161312025) LNRSkeat G F Ward (appoillted 71212024) RMArn A R Ashcroft (appointed 1&1312025) Independent FixanTriner V F. Cowling Woodward Hale CJ]artered Accountanls 38 Dollar Street CirencL81Lr Glouceslershire GL7 2AN Bmnkerq Barclays Pl 28 Market Plac£ Cirencester Gloucestershire GL7 2NP Page 2 The Whlte Horse Show Trust Limited (Regigtered number. 08410590) Rewbrt ofthe Trnstees for the Year Ended 3151 Deeember 2024 REFERENCE AiYD ADMKNI.STRATtVE DETAIts Accountants Woodward Hale Charter¢d Accountants 38 Dollar Street Ciren￿Ster Glouceslershire GL7 2AN PUBLIC BENEFIT The In￿le¢S have complied with their d￿Y its have due regard to the guidan¢¢ i)n public benefii published by the cl￿￿ty Commission iti exercising their Frt)w¢rs and duties. LEGAL STATUS C)F THF, CHARITY AND LL4BILTTY OF MEMBF.RS Thl charily 1% d Ll)mpany limited by guaralltee alld bas Do Sha￿ capiidl. 'Ibe liability of each tn¢mber in thc LvLnt of Willding-llp is l&mited 10 a sum not exceeding £1. Approved by order of the b<)ard of th￿eS ￿ ... . and Signed on it8 behalf by.. G f Ward- Trustee Page 3 Independent Examiner's Rewjrt to the Trustee8 of The Whlte Horse Sbnw Tr￿t Limited Jndeptndent examiner's rep)rt to the trustees of Tbe Wblte Horse Show Trust Limiied {'the Company,) I to the charity trustees on my exan)ill8tion of the accouDts of the Co]npaDy for th¢ ykngr ended 31st December 2024. Responsibilities and basis of Tewlrt As the charity's tn￿te¢S of the C(Knpany (and also its diTh%tors for the PLUP0￿ of company law) you ale responsible for the preparation of the ￿Unts in acc(thce with requirements of the Compani¢s Act 2(X)6 21)06 ACV). Having 4dtisfied myself thai the accounts of the Compally are not required kn be audited under Part 16 01 the 2006 k￿d are eligthle for indepth examinatioffj i repoff in reS￿ct of my examination of your ch8rity's accounts as carrALd out under Secti()n 145 of the Charities Act 2011 (Ihe 2011 Act). ]n carying out n]y cxaminalion I have followed the Directions given by th¢. Charity Commission under Scdion 145(5) (b) of the 2011 ALI. Independent examlner's slatement I have completed my cxamination. I confirn] that no mattLYS have come to my att¢Dti(m in connection with tlie examination gAving m¢ cause to believe: accouniing reconls We￿ not kw in respect of the Company as required l>y Section 386 of the 2006 Act. or the account8 (lo not accord with those records. or the acwimts d() not compty with ihe ￿CoUnting rl'qllirements of Section 396 of the 2006 Act other tIMn ny requiretneni the accounts give a and fair vicw which is uot a matler Considc￿l as part of an Inde￿nd¢￿t examination" or the accounts I￿ve not been Ettpar￿ in acconlaoce with tbe meth(Mls' a￿1 principks nf the StatemeT]l of RecomrnL￿ded Practice for accounting and rqxlrting by ckLaTAiies (applicable lo ch￿itIeS prqydring their accounts in with the FIna￿la1 Rqx)rting Staodard 4)plicable in the IJK and Iiepublic of Ireland (FRS 102)). I have no conccrns and have comc across no other Jnatters in connLction with the eX&nin￿On io wbiLh attentLon shouldlL" drawTr ill this rq￿ in order to enable a pw understsnding of the aw)unts to be ￿Ch￿a. V E Cowling The Institut¢ of Chartered AcCo￿)Iallts in F￿gland and Wal¢s W(K)dward Hale CI￿￿ercd Accounlant5 38 Dollar Street Lir¢nc¢st¢r Gloucestershire GL7 2AN PagL' 4 The Whlte Horse Show Tn￿t Limlted ststem¢nt of Flnand*l Acttvities for the Year F.nded 31st Deeember 2024 2024 Uurestricted fimd 2023 Total fi￿d5 Noles Other trading activiries Investment income 65,728 4.346 78,727 3,185 Total 70,074 81,912 EXPENDITURE O Raising funds 51,757 49,051 Charttable activities Cyrdnts and donation% SUPE￿ costs 30,942 1,378 9.072 1,227 Totsl 84.077 59,350 Net gains on inv&siments 4,610 2,205 NET INCOMEIffjXPENDITURE) (9,393) 24,767 RECONCILIATI()N OF FUNDS Total tsnds br(7ubht forward 175,24 150.473 TOTAL FiJNDS CARRIED FORWARD l65.847 175.240 The notes lorni yart of these fi1￿Cla] staternL￿ts Page 5 The Wlth Hoyse Show Trnyt Llmlted Oiegislernl llumber1tt541o5￿) Balance Sheet 31st December 2024 2024 UnrestriLted fulld 2023 Totsl Notcs FIXED A&SETS Investments Investmeiits Swial investments 22.135 15,J25 1.400 22,135 16,525 CUIUIENT AS6iETS Cash ￿ bank 144.702 l68.599 CREDITORS Amoun1s" falling due within one year (990) (9,884) ET CURRENf A&SF,Th 143,712 158.715 TOTAL ASSETS LE&S CURRENr LIABILITIF. 165,847 l75.240 Tr4ET A&SETS 165.847 175,240 unrestrict￿ fimds 165,847 175240 TOTAL FUNDS 165,847 175.240 The churitsble cotnpany is enlitled to cxetnptiOD fr()m audit under Section 477 of the Cfflnpanies Act 2006 for Ihe ye8T ended 3151 Decetllber 2024. 'l]]e rn¢Tnbers have not ￿qUired thg ci)mPUEiy to obthin all dudit of its financial stat¢ments for the ye4r eni]ed 3 1st December 2024 in acci)rd8n¢e with Section 476 of the Companies Act 2(X￿. The InLStees acknowledge their responsibilitTes for (a) ensuring thdi the clwitablc company k¢iys ￿)Unting recor&%' that C4)mpty with SectioD$ 386 and 387 of the Comp￿11¢S Act 201￿ and (b) preparing financial ¥tatements which give a true and fair view of the state of affaits of the charitable ¢oLnpany &s &t the end of each findncial Ye￿ ￿d of its surp1￿$ or (kficit for each fllwicial year in accordancc with the requirements of Sec(ions 394 and 395 and which otherwise comply with the requirements of the Com￿1%$ Act 2(K16 relating to financidl siatemenLs, 50 far as applicable tu the Ch￿itable cornp8ny. The notes forni part uf these financial statements. Page 6 The White Horse ShoTW Trust IAmlted (Rwstered number. 084111590) Balance Sheet- eontlnued 31st Dw¢mber 2024 thiancial statan¢nts have becn prerAred in ￿)rdance with the provisions applicable to charitable companies subj￿[ to the sn)all c(Mnpatiies r¢gllne. Th¢ financial staEeJnents WLTC approved by the Board of Trustees and authorised *or issue d were signed on its bdMlf by. G r Ward- Tn￿ee The nores forni part of these finall¢￿ statements Page 7 The Whit¢ Horse ShoTv Trust Limlted ot£9 to the Financial Stslements for the Year Ended 31st Deten)her 2024 ACCOUIYllNG POLICIES Bas￿ of prepariDg tbc fiDan¢ial ststements The finxnLial statements of the chariiable CO￿￿3nY. wbicb is a public benefit entity under FILS 102, have been prepared in accordance with the Charities SORP (FKS 102) 'Accounting and lieporting by Cl]arAti¢s.' Stsi¢Ynenl of Recommended Practice appliLablL to CI￿l[l¢S pre￿a￿ IheRr accounts in aceordancL' with the Financial Rcportin8 Stsndard applicable An the ItK Ond Republic of Jreland (FRS 102) (effective I Janudry 2019),, Financial Reportitig STrnd2rd 102 "Ihc FitWL¢ial Reporting S12ndard applicable in the UK and Republic of trelalld. and the Companies A¢1 2(K16. The fJnaDcial statcments have been prq)ared under the histOTical Losl Lcmvcntion. with the exceptwn ol invesrments Ivhich ate in¢lu(knl at n]arket value. a5 modified by the revaluation ()[LL￿aIn assets. Critical accounthig Judgements and key sourtts of estimatSon unccrtaintv The I￿￿teeS do not co]Jsider that there are an) sources of estimation uncertainty at the reporting date thal have a significanl Tisk of ¢allsing a maierial adjuslmenl to the carrying amount of a55¢￿L4 and liabiliiies within the next reporting periTrl. Ineomo All income is Tecngnised in the StatemLTLt of Wman¢ial Activitics once the clkarity has entidcnLeDt to the ti￿ds, it is probable Ihat the income will be received and the a￿OUnt can mea5uJrd Teliably. Expendlture E.xpcndilure is recogntsed once ti￿re is a legal ()r c(msrructive Obligati(￿ to make a payrllenL it is probdble that settle￿ellt will bc rLqu?r￿ aod th¢ amount ot the obligation can Ix measured reliably. All expenditure is accounted for on an aCen￿lS bas'is. All expenses including supwrt costs 8lld governdDCC C051$ are allocated or apwrrioned to the applicablL Lxpenditure heathng b&sed (m the pr(l￿tIon of lime spent OD each of these are&s nf w()￿. Grants payable are charged to thc staiemart of r￿le]21 artiviiiL% in when 8pproved by the trnstees and collltnunicated to thc TeL'ipient. Grants awarded but unpaid at the balance sheet datc ￿ recognised as grant conunitmLnls within creditors. Grants cancelled or ryaid in tbe year are crdiLLd to the statemellt of financial activities. C￿ar[￿ble adivili&s include support costs 8&4ucialed with grdnts payable. Taxation The clwity is exempt Corwrtion tax on its charitable activities. Fumd accounting The cTrwity maintains one type of fimd being general unrestricted funds t1￿1 rep￿¥ents inc0￿e that is ewndable at the discrciion of the tn￿CeS in furtberdnce ofthc objects of the ¢harAty. Going concenj The t￿￿teeS consider that thaE arr no material uncertaillties alxTrul the (Iwitable compallls ability to continue a g()ing concern. Page 8 Tbe Whlte Ho)¥e Trust Lijnit Notes to the Flnamdal Ststements- continued for the Year Elldd 31st December 2ff24 2024 2023 G&te re￿Ipts Franchise income Rent from ttwle stands Lounty pursuits ()ther incorne 51,765 6221 5.320 2,422 62,492 6,984 5,755 3,333 163 65,728 78.727 INVESTMENf INCOME 2024 2023 t)qx)sii account interest 4,346 3,185 RAISING FUNI)S Otber trading aclivitscs 2024 2023 Field c05ts' Am]a events Non-arLna events County pu￿ulLs Historic vehicles Other costs Website Marketing and pmmotion Poinl or￿e costs 25.630 11.000 5J22 1,439 1,201 2,411 2,630 788 1.336 26.401 8,900 9.138 1,039 1,759 925 io 879 51,757 49,051 GRANfs PA Y ABLE 2024 2023 Grdnts and donaiions 30,942 9,072 Page 9 The White Horse Show Trust Limited Notss to tb¢ Financial Stst¢ments- contiDU for the Year Ended 31st l)ecember 2024 GRANfs PAYABLE- conlinued The total ￿15 paid to An￿)tittio￿ dwin8 the y<* was as follth¥s: 2024 2023 iJtrington Sports & S(Kial Club iJirmgtou Prim8ry School Thom&8 Hughes MeLnorial Ilall Community ASS￿181100 ut￿ngtOft Parish Louncil Wantsge Silver Band UfSDgton Players Uffillgton Museu lJffmgton Guiiks UIT1Dglon Cricket Clth Sdunders foundation UBW Mitul)us Association uirmglon'l'able Tetmis Club Ulr￿gtOn l awn Tennis C]ub 2,000 550 6,867 349 1.578 180 1,400 1,500 171 3,894 200 250 iO,(AK) 975 3,11)0 30.942 9,072 TRUSTEES, REMUNERATION AND BENEFITS 1herL" We￿ no truslees, remuneration or other benefiLs for the yegr etKkd 3 1st Ikcemb¢r 2024 T]()r for the year ended 3 1st December 2(r23. Trustees, expenses l)uring the year, on¢ th]stec ffeimbursed for costs retsting to trading ￿tIVIties. Th¢ total anjounl TLimbursed was £76. FIXED ASSET INVESTMEIYTS Listed investsnents At 1st j￿usry 2024 Addilions Revaluations 15.125 2,400 4,610 At 3 1st December 2024 22,135 NF.T BOOKVALUE At 3 1st December 2024 22,135 AÈ 31st ￿￿e￿iber 2023 15.125 The listed inves1mL￿t is comwjsed entirely of sb&ts in the IL'gal & General Gloiyal 100 Index fillML 11]c objective of this fund is to provide growth by ￿king the perfornLgnce of the S&P CJlobal l(M) Index. The constituent investments aTL I{￿ated both within and oulside the UK. Page 10 The Whlte Hom Show Tr￿t Limltsl Notes to the Finand81 Statements- wntiDued or the Year Ended 31st December 21124 FIXED ASSFT INVESTMENTS. eontinued C05t or valuation at 3 1st Decem￿ 2024 15 represajted by: ListL.d invesnncnts Valuation in 21r23 Cost 8.435 13,7(M) 22,135 Loans At Isi JanuJry 2024 New in year KL¥a￿eLts in y￿r 1,4 10,000 (11,4W) At 31st DecembLY 2024 NET BOOK VALUE At 31 st December 2024 At 31st December 2023 1,41M) 'Ihe social invgt4lment of £IO.O(KJ represents an int¢rest-fitr loan to UB W Minikn Association towards the purchase of a millibu5. CREDITORS: AMOUNTS FALLINC: DUE ￿THIN ONE YF.AR 2024 2023 (5rant commilments ACCTh￿1s defeTrLd it￿v￿r 11.894 94 9.8x4 Pagell I'he Ivbite Horse Shoiv Trust Limited Notes to the Finan¢lal StaSements- eontinued for the Year Endcd Jlsl December 21114 lib. RELATED PARTY DIscL(k￿s There We￿ llo rdated party trdt￿CtiOnS f(r thc year enrkd 31st Decemlw 2024. Pgge 12