THE WHITWAM FAMILY CHARITABLE
FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR
FROM 6 APRIL 2023 TO 5 APRIL 2024
Prepared by
Rollits

THE WHITWAM FAMILY CHARITABLE FOUNDATION
CONTENTS
Page
Trustees. Annual Report
Independent Examinerfs Report
Statement of Financial ACtiv￿e$
Balance Sheet
Notes to the Accounts
9-16

THE WHITWAM FAMILY CHARITABLE FOUNDATION
CHARITY NUMBER: 1154094
TRUSTEES, ANNUAL REPORT
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
Introduction
The trustees present their report and the account5 of the charity for the year ended 5 April 2024. The trustees
have adopted the provisions of the Stalement of Recornmended Practice {SORPI "Accounting and Reporting
by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance wtb the accounting policie5 set out in notes lo
the accoun15 and comply wth the charity's governing document, the Charities Act 2011 and AccoLJnting and
Reporting by ChaTlties.' 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 published in
October 2019.
Objectives and activities
Objects
The object of the charity 15 to promote any purpose which is charitable according lo the law of England with
the exclusion of the advancement Df religion. principally. but not exclusively for the benefit of such one or
more charities or charitable institutions operating in the City of York and the surrounding area, or for such
purpose or purposes in the Ctty of York and Ihe surrounding area that are exclusively charitable according to
the law of England and in such shares or proportions as the trustees of the charity shall think fit from time lo
lime.
Activitie5
The principal activity of the charity is lo provide financial grants to olher charities and charrtable objects in
York and the surrounding area.
Although the charity may spend both its income and capital on its charitable objects, the truslees also want
the charity to maintain and grow its financial resources so that it can continue providing substantial financial
support to its objects for the foreseeable future. The ultimate objective is for the charity to proiride grants and
pay ils operating costs from the income and gains generated from its investrnent portfolio whilst also
maintaining and growing the value of the portfolio.
The chaTily does not have any employees. does not make use of volunteer labour and does not involve itself
directly in the provision of any chari13ble services_
The trustees have delegated the management of the charity's investment portfolio lo a professional
investment manager with the aim of maintaining a diversified range of holdings capable of generating a
resilient level of income and capital growth for funding the charity's cu￿ent and future activitie5.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission'5 general
guidance on public benefit when reviewing the charity's activities and objectives and in establishing the
chaTlty's grant making policy. The trustees are satisfied that the charity's purposes are for the public benefit
and Ihe charily's grant making policy is aimed towards fulfilling the public benefrt requirements.
Grantmaking policy
The charity aims lo support any activity that is recognised as charitable according to the law of England,
except for the advancement of religion. It aims to support chanlies and charitable institutions operallng in the
City of York and the surrounding area and charitable objects in the City of York and the surrounding area.
Procedures have been put in place to help ensure that any criteiia applied to determine the eligibdity of grant
recipients and to ensure compliance ￿th the charity's objects and the public benefit are reasonable,
justifiable and proportionate.

THE WHITWAM FAMILY CHARITABLE FOUNDATION
CHARITY NUMBER: 1154094
TRUSTEES, ANNUAL REPORT
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
Achievements and performance
Achievements
The charity operates a website and Twitter account to help promote and publiase its activities. In addition,
the Iru5tees also draw on their personal contacts: word ol mouth support from existing charity contacts and
visits to events run by other charities lo encourage grant applications from other charities, non-profit groups
and individuals that meet its objects.
During the year 14 granl commilmen15 were approved for payrnent {see note 5 to the accounlsl. The
haiitable enlilie5, activities and projects supported included"_
A contribution to a communal basket swng and picnic benches.
A chaTity providing music education programmes for young people in Yorkshire.
A project lo build a replacement pavillion for a local amateur sport association.
A charity providing ali ambulance services in Yorkshi￿.
A charity providing rescue boats in YC￿k.
A charity supporting the eldery.
Investment performance
The annualised tot31 returns achieved by the charity's investment portfolio, its benchrnark index and the FTSE
All Share index to 5 April 2024 were as follows".-
Over 1 Year
Over 3
Charity's portfolio
Benchmark index
FTSE All sha￿ index
9.5°
9.9°A
7.8°A
2.10/.
2.50
7.70
The performance of the investment portfolio over the year was affected to varying degrees by the following
factors'_
It was expected that central banks would start to cut interest rates as inflation started to drop. There have
been some small reductions bul not lo the extend anticipated, mainly because inflation has not dropped
as fast as hoped.
US eqLJities Made 31 new all-time high during the end of this financial year: after not one single high
since before December 2021. Whilsl there have been some increase in valuations, company earnings
growth has also been strong. especially those involved in the developrnent of Al_
Broad European indices have done slightly better Ihan the UK in local currency lerms, but slightly worse
when measured in Sterling. The gains were concentrated into the first three months: and mixed
economic recovery and pushing back of interest rale cut expectation5 and stalled progress.
Government bond markets were anticipated to do well in anticipation of the interest rate cuts thal never
came.
Economic growth and inflal-on are not weak enough to persuade central bank5 to Gut interest rates, but
neither are they so strong as to raise the prospects of further in(xeases_
Financial review
Financial summary
Below is a sumrnary of the charity's financial results for the year and its financial position at the year end
based an the statement of financial activities and balance sheet'.-
Total Income far the year increased by 4°k to £77:08412023." £74,0161-.
Total expenditure for the year increased by 3% to £90 942 (2023 £87:938)',
Total income for the year financed 85°/o of total expenditure (2023". 84% of total expenditure}".
After adding in nel gain5 of £196.833 from investments (2023." net losses of £262,032) the resulting net
income for the year amounted to £182.97512023". net expenditure of £275,954)".
The market value of the investment portfolio at the year end amounted to £2.922,086 {2023'. £2,732,601)
which represents an increase of 7UA on the previous year end..

THE WHITWAM FAMILY CHARITABLE FOUNDATION
CHARITY NUMBER: 1154094
TRUSTEES. ANNUAL REPORT
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
The total net assets of the charity at the year end amounted to £2,909.978 {2023.' £2,727. 0031 which
represents an increase of 7°/0 on the previous year end.
Reserves poli¢y
Al the year end the unrestricted reserves of the charity comprised designated fLJnds of £012023.. £0) and free
funds of £2.909.978 {2023. £2,727.0031.
The tiustees do not consider that the charity requires a formal reseNe fund as a contingency against
unexpected revenue declines in fLrture periods because'_
the risk of a substantial and prolonged revenue decline from a well diversified actively managed
securities Portfolio is considered to be small.
the trustees review the net cash position of the charity. the perfomiance of the portfolio and their
expectations for the futLJre before deciding how much they will make available for grant commitmen15 at
each grant meeting.
the one-off nature of many grant applications mean the trustees will be able to adjust future grant
commitment approvals to reflect any unexpected changes in Ihe perfomiance of ils investment portfolio
or in its operating costs.
the Iruslees have Ihe discretion to spend the whole or any part of the capital in order to fulfil the charity's
objects if they so wish.
Going Concem
There are no material uncertainties about the charity's ability to continue as a going concern.
Investrnent policy
The Iruslees have agreed the followng investment temis, objectives and policies with the investment
manager'.-
The portfolio is managed under a full discretionary service.
The portfolio is currently managed on a low to medium risk basi5 With a balanced approach to income
and capital growth.
Whilst the investment manager is comfortable investing in direct equity holdings in overseas companies
in developed markets, their preference for emerging and developing markets is to ￿nVest via pooled
investment entities due to their more specialist knowledge of these markets.
The trustees have considered whether to impose any restrictions into the charity's investrnent policy
based on social. environmental or ethical factors. but have decided against this, instead giving the
investment manager free reign to take these issues into consideration in their strategy for the portfolio a5
events unfold going forward.
The investment Strategy is reviewed with the investment Manager on a regular basis.
Risk management systems and procedures
The trustees have compiled a register of risks to which the charity is exposed and have introduced systems
and procedures to mitigate the risks identified. Dates have a150 been sel for reviewng the adequacy and
effectiveness of the risk control systems and procedures adopted.
Structure, governance and management
Type of governing dotumÈnt
The charity'5 governing document is 2 Charitable Incorporated organisats.on Consts"tution that was approved
by the Charity Commission on 4 October 2013.
How the charity is constttuted
The charity is constituted as a Charitable IncDTPOTated Organisation
Trustee selection methods
The existing trustees select new tnjstees from people known to them that they consider to have suitable
knowledge and expertise. Trustees are appointed for indefinite terms, usually upon the relirement of existing
trustee5.

THE WHITWAM FAMILY CHARITABLE FOUNDATION
CHARITY NUMBER: 1154094
TRUSTEES. ANNUAL REPORT
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
Policies and procedures for the induction and training of trustees
New trustees are provided with a copy of the Charity Commission publication CC3 'The essential trustee..
what you need lo know. what you need lo do" which provide5 guidance on vA)at is involved in being a charity
Iruslee. In addition, they are also provided a copy of the CIO Constitub'on and the charity's investment
policy, conflicts of interest policy and register of risks. New trustees are also asked to sign a declaralion Df
eligibility and to complete a register of interests.
Organisational structure
The charity h35 no employees and no formal links with any other charitable organisations. Ntsne of the
trustees receive any remuneration from the charrty for acts.ng as a truslee. Rollit5 LLP provides a range of
operational services lo the charity, including trustee. legal. administration, secretarial, giantrnaking support,
Investment support and accounting.
Related party relationships
John Lane is a partner in Rollils LLP, a fiTm of solicrtors that provides seNice5 to the charity as detailed
above. Rolli15 fees for these seNices are separately idents.fied in the note5 to the accounts.
The charity maintains a conflicts of interest policy and a conflicts of inleresl register and has put in place
procedures lo ident'fy and manage such conlticts.
Reference and administrative details
Charity name..
The Vvhihvam Family Charitable Foundation
Registered charity number=
1154094
Charity's principal address".
clo Rollits LLP Citadel House 58 High Street Hull HU 1 1 QE
Names of the charity trustees who manage the charity
Andrew whI￿aM
Nicola vVhi￿aM
John Lane
The power lo appoint new trustees is vested in Ihe current tNstee
Names and addresses of advisers
The chanty's principal advisors are".
nvestmenl mana
er
Investec Wealth & Invest￿ent Ltd, 2 Gresham Street London EC2V 7QN.
Banker
Barclays Bank, One Stanhope Gate Mayfair London W1K 1AF.
nde
xamin
Frances Howard, Fortus Limited, Equinox House. Clifton Patk, Shipton Road. York. Y030 SPA
Solicitor
Rollits LLP, Ciladel House 58 High Street Hull HU1 1 QE.
Future Developments
The trustees are satisfied that the procedures they have pul in place to deal with grant applications and
Dperation31 matters represent an efficient and cost effective way of achieving the charity's objectwes. These
procedures are reviewed periodically to ensure the charity wll continue to deliver on its objects for the
foreseeable future.

THE WHITWAM FAMILY CHARITABLE FOUNDATION
CHARITY NUMBER: 1154094
TRUSTEES, ANNUAL REPORT
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
Declaration
The trustees dedare that they have approved the trustees, report above.
Signed on behalf of the charity's trustees..
Andrew Imiitwam
Trustee
Date:

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE WHITWAM FAMILY CHARITABLE FOUNDATION
I report to the charity trustee5 on my examination of the financial statements of the charity for the year ended
5 April 2024.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'lhe 2011 Act").
I report in respect of my examination of the charity's accounts carried out under seth.on 145 of the 2011 Act.
In carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 14515)Ib) of the Act.
Independent examiner's statement
I have completed my examin8tion. I confim that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respecl..
accounting record5 were not kept in respect of the charity as required by section 13D of the 2011 Act,. or
the financial statements do not accord with those records". or
the financial 51alements did not comply with the applicable requirements concerning the form and
content of accoLJnts set out in the Chanties (Accounts & Reports) Regulation5 2008 other than any
requirement that the accounts give a true and fair view which Is not a matter considered as part of an
independent examination.
I have no concerns and have come across no other matters in connectson with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the finanThal statements
to be reached.
Date=.................................................-.....-.....
France5 Howard, FCA
Fortus Limited Busine55 advisors & accounlants. Equinox House. Clifton Park, Shipton Road, York,
Y030 SPA

THE WHITWAM FAMILY CHARITABLE FOUNDATION
CHARI￿ NUMBER= 1154094
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
Unrestricted funds
Income
Investments
77,084
74,016
Total
77,084
74.016
Expenditure
Raising funds
Charitable activities
20,710
70,232
20.208
S7,730
Totsl
90,942
87.938
Net (expenditure) before investrnent gainslllossesl
Net gainsl(lossesl on investrnents
(13.8581 113,9221
196.833 1262,0321
Net incomellexpenditure
182,975 1275,9541
Net movement in funds
182,975 1275,9541
Reconciliation of funds=
Total funds brought foThvard
2,727,003 3,002,957
Total funds carried for4Ydrd
2.909,978 2,727,003

THE WHITWAM FAMILY CHARITABLE FOUNDATION
BALANCE SHEET
AS AT 5 APRIL 2024
Fixed assets
Investments
2,922,086 2,732,601
Total fixed assets
2,922,086 2,732,601
Current assets
Cash at bank and in hand
3,266
5,083
Creditors: amounts falling due within one year
15,374
10,681
Net current liabilitie5
112,108}
{5,5981
Total assets less current liabilities
2,909,978 2,727,003
Total net assets
2,909,978 2,727,003
Funds of the charity
Unrestricted funds
2,909,978 2,727,003
Total funds
2,909,978 2,727,003
Signed by one trustee on behalf of all Ihe Irustees
s￿natUre..
Name..
Andrew Whilwam
Dare ofapproval."

THE WHITWAM FAMILY CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR FROM 6 APRIL 2023 TO S APRIL 2024
General information and basis of preparation
The Whitwam Family Charitable Foundation is a CIO in England. The address of the registered office Is
given in the charity information on page 5 of these accounts. The nature of the charity's operations and
principal activities are the provision of financial grants to other charities 2nd charitable objects in and
around the City of York as detailed under'objects. and 'acts"vities' on page 1 of these 3ccounls.
The charity constitutes a public benefit entity a5 defined by FRS 102. The financial 5talement5 have
been prepared in accordance with Accounting and Reporting by Charities". Statement of Recommended
Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting
Standard applicable in the UK and Republic of I￿land issued in October 2019, the Fin3ncial Reporting
Standard applicable in the Uniled Kingdom and Republic of Ireland IFRS 102), the Charitie5 Act 2011,
and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a Irue and fair. view and have departed from Ihe
Charitie5 (Accounts and Reporls) Regulalions 2008 only to the extent required to provide a 'true and fair
view,. This departure ha5 involved following the Accounting and Reporting 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 Ireland issued in October 2019 rather Ihan the
Accounling and Reporting by Charities". Statement of Recommended Pracb"ce effective from 1 April 2005
)Nhich has Since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified lo include certain items at fair value. The financial statements are presented in sterling which
is the functs.onal currency of the charity and rounded to Ihe nearest £.
The significant accounting poliaes applied in the preparation of these financ4al statements are sel Dijt in
ote 2 below. These policies have been consistently applied to all years presented unless otherwise
slated.
Accounting policies
2.1 Incorne
Recognition of income
These are Included in the statement of financial activrties (SOFA) when_"
the charity becomes entitled to the income-
it is more likely than not that the charity will receive the income", and
the monetary value can be measured Mrith sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
Income from interest and dividends
These are included in the accounts when receipt 15 probable and the amount receivable can be
measured reliably. Income received wth recoverable lax credits attached are reported gross under
income and any unrecovered tax at the year end is included in debtor5. The accrued interest included in
the sale and purchase of treasury 5tock5 and corporate bonds is included in investment income in the
SOFA on the date ofthe sale or purchase.
Investment gains and losses
This includes any realised tsr unrealised gains or losse5 on the sale of investments and any gain or loss
resulting from revaluing investrnents to mat*et value at the end of the year.

THE WHITWAM FAMILY CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR FROM 6 APRIL 2023 TO S APRIL 2024
Accounting policies
(Continued)
2.2 Eypenditure & liabilities
Liability recognition
Liabilitie5 are recognised where rt is more likely than not that there is a legal or constructive obligation
committing the chanty to pay out resources and the amount of the obligation can be measured with
reasonable certainty.
Allocation of cost5 to different areas of expenditure
Where possible all costs are allocaled lo the parb"cular area of expenditure to which they relate. If any
costs relale to several areas of expenditure then Ihey are split and allocated to the relevant areas of
expenditure on an appropriate basis.
Governance costs
Governance cost5 comprise all costs involving public accounlability of the charity and Its compliance
with regulation and good practice (including costs relating to the annual general rneetingl. These costs
are included as a charitable aclivty support cost in the accounts.
Grant commitments
Vvhere the charity gives a grant commitment without conditions the liability for the full funding obligab.on
is recognised In the SOFA when the commitment is made. However. where the charity gives a grant
commitment that is subject to condition5 (such as the grantee needing lo raise additional funding from
other sources, or the object of the grant requires the granlee obtaining planning permission from a local
authority) then such grant commitments are only recognised in the SOFA once the tru5tee5 believe it 15
more likely than nol that the project ￿11 proceed.
Creditors
These liabilities are measured at settlement amounts less any trade discounts.
2.3 Assets
Investments
Fixed asset investmen15 Iri quoted Shares, traded bonds and similar investments are initially valued at
cost and subsequently at fair value Itheir market value) at the year end_ The valuation of treasury stock5
and corporate bonds exclude the value of accrued interest. Fixed asset investments also include capilal
type cash balances held for investment or ieinvestrnent by the investment manager.
Debtors
Debtors are measured on initial recognition at settlement amount after any trade discounts or amounts
advanced by the charity. Subsequently. they are measured at the cash or other consideration expected
to be received.
Income from investments
2023
Incorne from stocks & shares held in the investment portfolio
Interest from cash balances held by the investment manager
74.349
2,735
73.412
604
77,084
74.016

THE WHITWAM FAMILY CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
(Continuedl
Expenditure on raising funds
Investmenl manager's fees and charges
20,710
20,208
20,710
20,208
Expenditure on charitable activities
Grants to institutions
Granlmaking support costs
Govemance costs
52,400
2,109
15.723
50,573
2,239
14,918
70.232
67,730
Number of grant5
14
12
5.1 Classification of grants
utions
Advancement of education
Advancement of health & saving of lives
Advancement of citizenship and community development
Advancement of the arts, culture. heritage and science
Advancement of amateur sport
Relief of those in need due to age. disability. etc.
7,500
10,500
13,000
2,500
5,000
13,900
5,ODO
17,250
5,000
10,000
13,323
52.400
50,573
11

THE WHITWAM FAMILY CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
Icontinuedl
5.2 Material grants to institutions
Name of instituton
Richard Shephard Music
Foundation
Yorkshire Air Ambulance
Musical education for young people in Yorkshire
7,500
3,QOO
Contribution towards fuel costs and providing emergency
care
Yolk Rescue Boat
To help cover core costs
The Friends of Rowntree Park Contribution to communal basket swing and picnic
benches
Door 84
For general purposes and running costs
Huby Playing Fields Association Towards the build of a new pavillion
Age UK York
Contribulion lo the keep your pet service
Lollipop
Towards raising aspirats'ons project costs
Live Music Now North East
Towar¢Ys provision of interactive and participatory Live
Music
5,000
5,000
5,000
5,000
3,500
5,000
4,800
43,800
8,600
Other unanalysed grants to in51itutions
52,400
5.3 Analysis of grantsnaking support costs
Rollits, grantmaking support fees
2,109
2,239
2,109
2.239
Rollils, granlmaking support fees represent work done in relabon to the charity'5 grantmaking policy and
grant application form, correspondence and meelings with actual and potential grant applicants, the
review and piocessing of grant applicats"ons. preparing agreement5 or letters regarding any temis and
conditions applicable to each grant and arranging payment of successful applicalions.
5.4 Analysis of governance costs
2023
Independent examiner's fees
Rollils, accounting fees
Rollits. administration fee5
1,560
4,464
9,699
1,464
4.214
9,240
15,723
14,918
Rollits, administration fees represent work on legal and Tegulatory matters relating to Ihe Foundation's
charitable status. trustees meetings and any other administration matters not identified as investment
support, granlmaking support or part of rts accounting se￿￿.
12-

THE WHITWAM FAMILY CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR FROM 6 APRIL 2023 TO SAPRIL 2024
Icontinuedl
5.5 Fees for examination of the accounts
Independent examine￿5 fee5 for reporting on the accounts (gross)
1,560
1.464
1,560
1,464
Net gains and losses on investments
2024
202
Losses realised during the year
Gains and {losses) on revaluation at the year end
(3.998) {115,5381
200,831
(146,4941
Total net investment gains and {lossesl per the SOFA
196.833 {262,032)
Investments
7.1 Valuation of investments at year end
2024
Listed investments
Cash or cash equivalents
2,816.142 2,645,238
105,944
87,363
Total
2,922,086 2 732,601
All investments are revalued to market value (fair Value) at the year end. No investments are held at
cost less impairment at the year end.
7.2 Historic cost of investments held at the year end
Listed Investments
Cash held for reinvestment
2,572,828 2,584,835
105,944
87,363
2,678.772 2,672,198

THE WHITWAM FAMILY CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
(Continued)
7.3 Investment movements during the year
Cash & cash
Llstsd
Markel value al beginning of year
Add.. additions to inveslmenls during the year
Less." disposals al carrying value during the year
Addlldeductl.. movements due to change5 in listed
investments
Addlldeducll.. transfers inlloutl in the year
Addlldeducl).- nel gainl{loss) on revaluation
87,363 2,645,237 2,732,600 3,012,647
1,234,926 1.234,926 1,488.153
(1,264,853) (1,264,853) (1,614.1791
25,774
15.D29
26,774
18.1931
18,193) 122,5551
200.832
(146.4941
200.832
Market value at end of year
105.944 2.816,142 2.922,086 2,732,601
7.4 Material holding5 of investments at S April 2023
In
din
s >S% of total listed in
tments
Columbia Threadneedle Global Corporate Bond Fund
ishares markit IBOXX £ Corp Bond
Royal London Sterling Credit Fund
193.369
198,847
205,706
6_870/0
7_060/.
597,922
Cash at bank
Barclays current account
3,266
5,083
3,266
5,083
Creditors and accruals
2024
in
Independent examiner's fee
Rollits. fees
Investment manager's fees
1,560
8,544
5,270
1,464
4.226
4,991
15.374
10,681
14-

THE WHITWAM FAMILY CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
(Continued)
10. Contingent liabilities and contingent assets
2023
The charity did not have any contingent liabilities or contingent assets at the reporting date.
11. Fair value of assets and liabilitie5
The liquidity risk exposure of the charity not being able to meet short terni financial demands is rniligaled
by the trustees reviewing the up to date financial position at the same meetings at which they review and
approve any further grant commitments.
The charity did not have any debtors at the year end and the income generated from the investment
portfolio is retained by the investment manager for reinveslment. The risk of loss arising from these cash
balance5 before Ihey are reinvested 15 considered low because the investment manager is a regulated
Institution that is required to hold such cash balances in a segregated client money account.
Ex
osure to market risk
Investments represent the majority of Ihe charity's net assets. The risk of a financial loss arising from an
investment due to changes In the market are mttigated by the active management of the investment
portfolio by a professional investment manager and the diversification of the investment portrolio based
on an investment policy approved by the trustees.
nv
to credit ris
There have been no changes in the fair values of basic financi31 inslTumeNts (debtor5, credilDf5 and
investments) attributable lo changes in credit risk.
12. Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from an
employment wrth the charity or a related ents'ty during the year12023.' none).
15-

THE WHITWAM FAMILY CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR FROM 6 APRIL 2023 TO 5 APRIL 2024
13. Transaction5 with related parties
Rollits LLP
See below
Rollits 5erwce5
16.272
8,544
15.693
4,226
16.272
8.544
15,693
4.226
John Lane is a member of Rollits LLP which provides secretarial. administration. legal. investmernl
support, grantmaking SUPPOrt and accounb.ng services to the chatity- The payments by the charity Df
Rollits, charges are authori5ed by the charity's constitution. A breakdown of Rollits, charges for these
service5 are detailed in the notes lo the accounts.
Rollits aims to invoice the charity on a quarterly basis for its services. The invoices are payable on
delivery and the charity settles them by cash payments once they have been authorised in accordance
th the procedure agreed by the trustees_
The Terms ancl Conditions of Rollils LLP'S remuneration for providing administrative services to the
charity are independently reviewed and approved by the un-conflicted trustees in the absence of John
Lane. and in accordance with the charity's Conflicts of Interest Policy.
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