**REGISTERED CHARITY NUMBER: 201486** 

## **REPORT OF THE TRUSTEES AND** 

**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 

**FOR** 

**SIR THOMAS WHITE'S NORTHAMPTON CHARITY** 



SIR THOMAS WHITE'S NORTHAMPTON CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Report of the Trustees
Report of the Independent Auditors
statement of Financial Activities
Balance Sheet
Notes lo the Financial Statements
Detailed Statement of Financial Activities
19 10 20

**SIR THOMAS WHITE'S NORTHAMPTON CHARITY** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024** 

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

In making educational Grants to young men and women over the age of 16 and under the age of 25 years residing in Northampton. 

Income: £350,000 to £400,000 (excluding loan repayments) 

## **Public benefit** 

The Trustees have had regard to the Charity Commission guidance on public benefit.  As per the charities activities above, the Trustees believe the public benefit in the charity's activities is clear. 

## **Grantmaking policy** 

Subject to the constraints of the Scheme, the Trustees make grants to assist the education of young men and women in need of financial assistance. 

In 2011 the Trustees agreed to make a grant to University of Northampton (UofN) of £100,000, which the University match-funded with £50,000.    This has meant that each year a new scholar is nominated and receives £1,500 per year for a three year course.  The first student was nominated in 2013, and further students have been nominated in subsequent years.  In 2024, the Trustees interviewed 6 students to be considered for the UofN scholarship.  In addition to the nominated UofN STW Scholar, the other 5 attendees were awarded grants of £750 funded by the Trustees - all the above were subject to the UofN confirming the students had commenced their courses. 

During 2024 the trustees made grants totalling £30,000 to Moulton College and a grant of £15,000 to University of Northampton.  During the year, the Trustees agreed that the scheme with UofN for them to make grants to students aged 24 to 34 was not working, and requested the balance of unspent funds be returned - £12,755.  This sum remains due to the Trustees at 31 December 2024. 

During the course of 2024, the Trustees made grants totalling £332,495. 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **Charitable activities** 

The Trustees remain committed to making grants to individuals and organisations where their funds will make a difference, and are pleased to have made grants totalling £332,495 throughout the year. 

## **Loan Debtors** 

As at 31st December 2024, the balance of the sum due from borrowers paying their loans by way of instalments was £18,810. 

## **FINANCIAL REVIEW** 

## **Financial position** 

The Distribution Meeting was held in 2024 at Coombe Abbey, and a cheque for £318,271 (an increase of 6% from 2023) was received from the main Coventry Charity. 

At the year end unrestricted reserves totalled £3,004,394 (2023: £3,008,735). 

## **Loans given in 2024** 

There were no new loans made in 2024. The trustees are considering removing loans from their objectives and activities. 

Page 1 



SIR THOMAS WHITE'S NORTHAMPTON CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
Investment policy and objectives
The Trustees rely on their financial consultants for advice in relation to the selection ol Investments
MHA
Caves Wealth conliTrued lo be the Truslee5' financial advis¢rs and produced quarteily slalemenls ol Income
and valuations which were circulated lo the Trustees and discusséd al their meetings.
The Investment policy was reviewed In 2019. It was ag￿ed that the Trustees would seek to achieve capital
and Income growth with an emphasis on an overall rale ol relLJrn. This was achieved by a quarterly review of
the portfolio by the financial advisers and the adoption ol a low lo medium iisk investment policy The financial
advisors also attend one meeting a year lo review the annual projiéss of the Charity's Investments.
Al the meeting of the Trustees held or) 16th June 2008 11 was agieed that MHA Caves Wealth should be
given discrelion lo manage the Trustees. portfolio.
Reserves policy
Reserves are Invested through the charity's Financial Consullanls The Trustees aim to maintain these
reseNes in re21 terms In order to generate Income to make giants to beneliciaries Loans repaid during the
yèar will be invested in order to increase lulure Income Resewes may be drawn down on to make new loans
which are not able lo be mel from current cash balances This policy will be reviewed annLJally by the Finance
Sub-committeè
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing doeument
The charrty Is controlled by 115 governing document, a deed of trust and con51ilules an unincoiporated charity.
The Tiuslees with the consellt ol the Charity Comtnission. agreed lo change the name ol the chaiity to 'Sir
Thomas While's Northampton Charity" and the Scheme 0117 May 2010 relefs
Governing Instrument
Main Scheme (Jated 30 July 1915
Indenture dated 26 July, 1552 and schemes of the Commissioners dated 21 May 1901, 30 July 1915, 20 July
1972, 16July 2002, 17 May 2010and 4 May2016
Beneficial Area Northampton
The Trustees with the consent ol the Charity Commission, agreed lo amend the Scheme to refer lo
'Northampton rather than the Borough ol North3mpton" lo widen the area of benefit.
Special Resolution dated 20th July 2020.
Page 2

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointmènt of new trustees
Al the meeting ol the Trustee5 held on 20th March 2024 Mr T J Hadland was appointed Chairman and Mr U
Gravesande was appointed Deputy Chairman lor the ensuing year This was in accordance with the 1915
Scheme ol the Northampton Municipal Ger)eial Charities which had stated that the appointment of the
Chaimian and Deputy should lake place at the first meeting ol the year.
The following changes in trustees occurred during the yeai".
Phil Ager's death was noted al the meeting of 9th October 2024. Jean Bulteel resigned as trustee al the
meeting on 9th Oecember 2024 dLie to hei relocating. Danielle Stone resigned as tiustee al the meeting on
9th December 2024 due lo wort( comrMItMenls Susan James attended the meeting on 13th November 2024
and was appointed as Iiuslee to take effect 9th December 2024. taking on the commrtments that were
pieviously undertaken by Jean Bulteel.
Following Completion of the Special Resolution dated 20th July 2020 the Trustees agreed that they would
appoint Trustees themselves so that Trustee5 Wlth the skills needed by the Charily can be appointed by them
rather than Northampton Borough Council.
Pr10r lo their first meeting, Trustees are sent papers which include a history of the charity. copy Gharily
Scheme, accounls and vaiious notes and copy forms that ale used by the clerks. No fomal training Is given.
Administration of the Charity
The day lo day adminislolion of the charity has been delegated to HCR Hewitsons.
All financial decisions are agreed by the Tmstees al Iheii meetings, and all cheques are signed by two
Trustees The chanty slso makes payments by BACS tiansfei which are overseen by one trustee al HCR
Hewitsons premises
Risk management
The trustees have a duty lo identify and review the risks lo which the charity is exposed and lo ensure
appropriate controls arè in place to provide reasonable assurance against fraud and error
As the Charity is a loan making body, the Trustees consider the main arèa of risk relates lo the
repayment ol the loans.
Accordingly, the Trustees. In addition lo requiring three 5urelies to guarantee the loan also require th81 ea¢h
boirower take out a life endowment policy and assign this to the Trustees as additional security for the
repayment ol the loan
The Trustees also identified that the lack of nolilicalion ol the change ol address by the borrowers ol himself
and his suielie5 as an additional risk To lessen the risk they have de¢ided to send out mail shots periodically
requinng the confirmation of addresses of 311 parties by the boriowers.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
201486
Principal address
alo Mrs Angela Moon, HCR Hewitsons
Lancaster House
Nunn Mills Road
Northampton
Northamptonshire
NN15GE
Page 3

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustèès
T J Hadland
U Giavesande
FHWire
W A Howes
J Nightingal
P L Agcr Idcceased 27191241
J K M Bulleel Iresigned 91121241
T Vthenham
M Wilkinson
Cllr S Beardsworth
Cllr D Stone Iiesigned 91121241
A Perry
S James (appointed 91121241
Auditors
Shaw Gibbs (Audill Limited. Slalulory Auditor
Eagle HoLJse
28 Billing Road
Northampton
Northamplonshire
NN1 5AJ
Financial Consultants:
MHA Caves Vlealth
Lockgales House
Rushmills
Bedford Road
Northampton NN4 7Y8
Clerks to the Trustees..
HCR Hewilsons
Solicitors
Lancaster House. Nunn Mi115 Road,
Northampton NN1 5GE
Bankers..
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
National Westminster Bank Pl¢
41 The Drapery
Northamplon
HM Revenue & Customs Number X8076
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Iiuslees ale responsible for prepdring the Report of the Trustees and the financial slatemenls in
accordance with appli¢able law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Pr8cti¢el
Page 4

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued
The law applicable lo charities In England and Wales. the Charities Act 2011, Charity (Accounts and Reportsl
Regulations 2008 and the piovisions of the trust deed requires the trustees to prepare financial statements for
each financial year which give 3 tiue and lair view of thè state ol affairs of the chaiily and of the incoming
resources and application ol resources. including the Income and expenditure, ol the charity for that period. In
piepaiing those financial stalemenls, the trustees are required to
select suitable accounting policies and then apply Ihetn consistently.,
observe the methods and principles In the Charity SORP,
make judgèments and estimates Ih3t are reasonable and prudent.
prepare Ihe financial statements on the going concerr) basis unless It 15 inappropriate to presurne that the
charity will continue In business.
The trustees are responsible for keeping proper accounting records which disclose wilh reasonable accuracy
at any time the financial position ol the charity and to enable theni to ensure that the financial statements
comply with the Charities Act 2011. the Charity (Accounts ar)d Reports) Regulations 2008 and the provisions
of the twsl deed. They ale also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection ol fraud and other irregularities
d by order of the board ol trustees on
z? ILol£tyL)
and signèd on iLS behalf by..
T J Hadland - Trustee
Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
SIR THOMAS WHITE'S NORTHAMPTON CHARITY
OplnSon
We have audited the financial slalemenls ol Sir Thomas While's Northampton Chaiity Ithe 'chaiity'l for the
year ended 31 December 2024 which compiise the Slalern&nt of Financial Activities, the B31ance Sheet and
notes to the financial slalemenls, Including 3 summary ol significant accounting policies The financial
reporting framework that has been applied In their preparation Is applicable law and Uniled Kingdom
Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practice).
In our opinion the financial 51alement5-
give a true and lair view ol the slate ol the charity's affairs as at 31 December 2024 and of Its Inmming
resources and application of resources. for the year then ended,
have been properly prepared In accDrdance with United Kingdom Generally Accepted Accounling Practice.
and
have been prepared in accoidance with the requirements ol the Chanlies Act 2011
Basis for opinion
We cor)ducted our audit In accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described In the Audrtors,
responsibilities for the audit of the financial statemen15 section ol our report We are independenl ol the
charity In accordance with the ethical rÈquiiemenls that are relevant to our audit of the financial slal&rnents in
the UK. Including the FRC'S Ethical Slandard. and wè have fulfilled our other ethical responsibilities in
accorcjance ivrth these requirements. We believè th2t the audit evidence we have obtained Is sufficient and
appropriate lo provide a basis lor our opinion.
Conclusions relating to going concern
In aLJdiling the financial statements. we have concluded that the trustees, use ol the going concern basis ol
accounting In the preparation ol the financial statements Is appropnate
Based on Ihe work we have performed, we have not identified any material uncertainties relating lo events 01
condilsons that, individually or collectively may cast significant doubt on the charity's ability lo continue as a
going Corn￿rn for a period ol at Seasl twelve months from when the financial statements are authoiised lor
Issue
Our responsibilities and the ie5ponsibililies ol the Iru5tees with respect to going concern are described In the
relevant sections ol this rèport
Other information
The Iruslees are responsible lor the other information. The other Information comprises the information
inclLJded in the Annual Report. other than the financial statements and our Report ol the Independent Auditors
Ihereon
Our opinion on the financial statements does not cover the other information and. except to the extent
olherrfrfisc ¢xpli¢itly staled In our report, wc do not ¢xprc$3 any form of $33uranc¢ con¢lJ3ion thtreon.
In conne¢lic)n with our audit ol the financial stalemenls, our responsibility is to read the other Information and,
in doing so. consider whether the other inlorrnalion is materially Inconsistent with the financial statements or
our knowledge obtained In Ihe audit or otherwise appeals to be rmalerially misslaled. If we Identify such
malenal Inconsistencies or appaienl material misstatements, we are required to delemiine whether this gives
rise lo a malerial misslatemenl in the financial slalemenls themselves 11, based on the work we have
performed, we conclude that there is a material misslalemenl tsf this other inltsfmalion. we are reqLJired to
report that lacl We have nothing to report in this regard
Mattèrs on which we arè rèquired to rèport by excèption
VJe have nothing lo report in respect ol the following mattels where the Charities (Accounts and Reports)
Regulations 2008 requires us lo report lo you Il In our opinion
the Infoimalion giv&n In the Report ol the Trustees 15 Incons15tenl in any material respect with the financial
slalemenls", or
sufficient accounting records have not been kept., or
the financial statemer)Is are not In agreement with the accounting records and relurns. or
we have not received all the Information and explanations we require lor our audit.
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
SIR THOMAS WHITE'S NORTHAMPTON CHARITY
Responsibilities of trustees
As explained more fully In the Slatement ol Trustees, Responsibilities, the Iruslees are ￿spOnsIble lor the
preparation of the financial statements which give a true and lair view and for such Internal control as the
Iruslees determine is necessary lo enable the preparation ol financial statements that are Iiee from material
misstatement, whèther due lo fraud or error.
In preparing thè financial slalements, the Iruslees are iesponsible lor assessing the charity's ability to
continue as a going concern, disclosing, as appli¢able, matters related lo going concern and using the going
concern basis of accounting unless the trustees erther Intend lo Iiquidale the charity or lo cease operations, or
have no realistic alternative but lo do so
Our responsibilities for the audit of the financial staternents
Vle have been appointed as audrtois under Section 144 of the Charities Act 2011 and Teport in accordance
with the Act and ielevanl regulations made or having effect thereLJnder.
Our objectives are to obtain reasonable assurancè about whether the financial slalements as a whole ale free
from material misslalement, whether due to fraud or error, and lo issue a Report of the Independent Auditors
that Includes our opinion. Reasonable assuran¢e is a high level of assurance. bul Is not a guaranlee that an
aLJdit conducted In accordance with ISAS IUKI will alw8ys detect a material mis51alemenl when it exists.
Misstatements can arise from fraud or erior and ale considered material il, individually or in the aggregate,
they could Feasonably be expected to Influence the economic decisions of users taken on the basis ol these
financial slalèments.
The extent lo which our procedures are capable of detecting irregLJlarities. inclLJding fraud is detailed below.
Because of the inherent limitations ol an audit, there is a risk that we will not detect all irregularities. Including
those leading to a materi21 misslatemenl in the financial statements or noTr-compliance with regulation. This
risk Increases the more that compliance with a law or regulation is removèd from the events and transactions
reflected in the financial statements. as we will be less likely to become 3ware ol instances of
non-compliance The iisk Is also greatèr regarding ir￿gLIlarI1ieS occurring due to fraud ralher than error. as
fraud Involves Intentional concealment, forgery. collusion, omiSs￿n or misrepresentation.
We eonsidered the opportunities and incentives that may exist within the organis3lion for fraud and Identrfied
the greatest potential lor fraud In Ihe following areas timing and recognition of Investment Income. posting of
any unusual journals along with complex transactions and manipLJlating the Gharilies, key performance
indicators such as grants paid. lo meet targets. We discussed these risks with the finance management and
de51gnéd audit procedurès to test the timing ol Investment revenue & tested a sample ol grants paid out lo
confirm they weie appropriate and reviewed areas ol judgemént for Indicalois Of management bias Ic>
address these risks
A further description ol our responsibilities for the audil of the financial statements is located on the Financial
Reporting Council's website al www.fic.org uklaudiloisrèsponsibilities. This description forms part of our
Report ol the Independent Audilors.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
SIR THOMAS WHITE'S NORTHAMPTON CHARITY
Use of our report
This report is made solely lo the charily's Iruslees. as a body. in accordance Wlth Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the
Charity's IrLJSlees those mallers we ale required to slate lo them an auditors, report and lor no other
purpose To the fullest &xtenl permitted by law we do not accept or assume respon5ibilily lo anyone other
than the charity and the charity's Iruslees as a body, loi our audit work. lor this report. 01 for the opinions we
have formèd
Shaw Gibbs (Audill Limrted. Slalultsry Auditor
Eaglè House
28 Billing Road
Northatllplon
North3mplonshire
NN1 SAJ
Dale.
28 October 2025
Page 8

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unreslricled
fLJnd
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Loans and grants lo individuals and
318,271
299.408
Investment income
139,531
124.697
Total
457,802
424.105
EXPENDITURE ON
Raising funds
9,522
9,573
Charitable activities
Loans and giants lo Individua15 and
inslilulions
419,473
410,596
Total
428,995
420, 169
Nel gainslllossesl on investments
133,1481
111,2951
NET INCOMEIIEXPENDITUREI
14.3411
17,3591
RECONCILIATION OF FUNDS
Total funds brought fopNard
3,008,735
3,016.094
TOTAL FUNDS CARRIED FORWARD
3,004 394
3,008.735
The notes form part of these f1nancial statements
Page 9

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
BALANCE SHEET
31 OECEMBER 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
FIXED ASSETS
Investments
12
2.742,135
2,705,457
CURRENT ASSETS
Debtors
Cash al bank
31 565
237 384
44 048
280 920
268 949
324 968
CREDITORS
Amounts falling dLJe within one year
14
16.6901
121.6901
NET CURRENT ASSETS
262,259
303 278
TOTAL ASSETS LESS CURRENT
LIABILITIES
3.004,394
3,008.735
NET ASSETS
3,Q04,394
3,008.735
FUNDS
Unr&stricled funds
3.004 394
3,008,735
TOTAL FUNDS
3,004 394
3.008.735
The financial slal&men15 were approved by the Board of Tiuslees and aulhorised for Issue on
and weie signed on ils beh211 by..
dland- Trustee
nrlg. -
rustee
The notes form part ol these financi21 statements
Page10

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefil entity under FRS 102, have been
prepared In accordance with the Charrties SORP IFRS 1021 'Accounting and Reporting by Charities
Statement ol Recommended Practice applicable to charities preparing their accounts in accordance
with Ihe Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021
leffeclive 1 January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standaid
applicable in the UK and Republic of Ireland, and the Chanlies Act 2011. The financial statements have
been preparèd under the historical cost convention with the exception ol investr¥)ents which are
included al market value, as modified by the revaluation of certain assets.
The present8lion currency loi the financial stal&ments is Pound Sterling (£1.
Going Concern
The financial slalemenls have been prepared as a going concern The Trustees have taken into
account a period of 12 months post the approval of the financia1 statements date and confirmed their
assessment that the charity Is a going concern.
Significant Judgements & Estimates
Thè P￿paratIOn ol financial slalements requires the use of certain critical accounting estimates 11 also
requires management to exercise ils judgement in the process ol applying the company accounting
policies The areas involving a higher degree ol judgement or complexity. or areas where agsumplions
and estimates are significant lo the financial statements are disclosed within the individual accounting
policies below
Income
All income is recognised In the Statement of Financial Activitiès once the charity has enlitlemenl lo the
funds, it is probable that the income will be réceived and the amount can be measLJred reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there Is a legal or consliuclive obligation
mmitting the charity lo that expenditure It is probable that a transfer of economi¢ benefits will be
required in settlement and the amount ol the obligation can be measured reliably. Expenditure is
accounted for on an a¢crLia1s basis and has been classified undei headings that aggregate all cost
ielaled lo the category Where c0515 cannot be directly altribuled lo particular headings they have been
allocated to aclivilie5 on 2 basis consislenl with the use ol resources.
Grants offered subject to conditions which have not been mel al the year end date are noted as a
commitment but not accrued as expenditure
Taxalion
The charity is exempl from lax on 115 charitable aclivilies.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives al the discrètion of the
trustees
Restricted funds can only be used for particular restricted purposes within the objects of the charity
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes
Financial instruments
Cash and cash equivalents in the balance sheet Comprise cash al banks and in hand and short term
dep051ts with an original malurrty dale of three months or less.
Page11
continued.

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES- continLFed
Financial instruments
Debtors and creditors with no slated Interest rale and re￿1vable or payable within one year are
iecorded al transaction price Any 1085es arising from impairment are recognised In the slatemer)l ol
financial activities.
Financial Iiabililses and equity Instruments are classified according lo the substance of the conlraclual
arrangements entered Into An equity Instrument Is any contract that eviolence5 a residLJal Interest In
the assets ol the entity after deducting all ol its financial liabilities
VJhere the contractu21 obligations of financial instruments are equivalent to a similar debt Inslrumenl,
those financial inslruments are classed as financial Iiabililies Financial liabilities are presented as such
in the balance sheet Finan¢e costs and gains or losses ielaling lo IIDancial liabilities are included in
the statement of financial activities Finance costs are calculated so as lo Produ￿ a constant rate ol
relurn on Ihe OLJtslanding liability
Loans
The loans are held 21 present value and are receivable as they fall due lor repayment A provision is
made annually lor all loans that are due for repayment prior to thè current year as well as 1°/0 ol all
outstanding CLJrient loans. The provision Is recognised In the Statement of Financial Aclivilies.
INVESTMENT INCOME
2024
2023
Dividends & Interest received
Deposit account Interest
131.588
7.943
122,761
1.936
139.531
124.697
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Loans and grants lo IndividuaSs and
Funds received from
Coventry
318,271
299,408
Page 12
continued

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
R41SING FUNDS
Investment management costs
2024
2023
Portfolio management
9.522
9,573
CHARITABLE ACTIVITIES COSTS
Grant
funding ol
Diiecl
Cosls15ee
note 61
Support
osls Isee
note 81
(see note
71
Totals
Loans and grants lo individuals and
59.414
332,495
27,564
419,473
DIRECT COSTS OF CHARITA8LE ACTIVITIES
2024
2023
Clerks charges
FCA charge
Travel
Data protection
Nel change in provision for loans unlikely to be repaid
57,793
1,351
130
40
100
49 800
1087
140
40
1.686
59.414
52.753
GRANTS PA YABLE
2024
2023
Loans and granls to Individuals and inslilulions
332,495
340.300
The lolal grants paid lo inslilulions during the year was as follows..
2024
2023
MoultDn College
ABF Soldiers Charity
Northamplon Academy Grant
University ol Northampton
University of Northampton Scholarship
30,000
800
15,000
1,200
10000
15,000
2.245
3.000
36.045
45,700
The lolal grants paid lo individuals during the year was as follows".
2024
2023
Granls lo individuals
296,450
294.600
Page 13
continued...

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
SUPPORT COSTS
Governance
costs
ManagemÈnl
Finance
Totals
Loans and grants to individuals and
8.510
514
18,540
27.564
Support costs, Included In the above are as follows..
2024
Loans 2nd
grants lo
individuals
and
2023
Tol81
aclivrties
Website costs
Bank charges
Auditors, remuneration- audiling ol
accounts
Auditors, remuneration for non audit
work
Clerks charges
8,510
514
110
543
5,370
5.370
1.320
11,850
1.320
10.200
27.564
17 543
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees. remuneration or other benefits lor the year ended 31 December 2024 nor lor
the ye3r ended 31 December 2023.
Trustèès, expènses
During the year no expenses were paid lo trustees, for expenses paid for on behalf of the ¢harily aDd
then reimbursed12023. £NIll
STAFF COSTS
There were no employee5 lor the year ended 31 December 2024 nor the year ended 31 December
2023
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrèstiicted
funol
INCOME AND ENDOWMENTS FROM
Charitable activitiès
Loans and grants lo Individuals and
299.408
Investment income
124.697
Total
424 105
EXPENDITURE ON
Raising funds
9,573
Page 14
Continued

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continuÈd
Unreslricled
fund
Charitable activities
Loans and grants lo Individuals and
410 596
Total
420.169
Nel gainslllosses) on Inveslrnents
111.2951
NET INCOMEIIEXPENDITUREI
17.3591
RECONCILIATION OF FUNDS
Total funds brou9hl fopNard
3.016,094
TOTAL FUNDS CARRIED FORWARD
3,008,735
FIXED ASSET INVESTMENTS
Listed
Investments
MARKET VALUE
At 1 January 2024
Additions
Disposals
Revaluations
2.705,457
227.057
1157,2311
133,1481
At 31 December 2024
2.742,135
NET BOOK VALUE
Al 31 Decermber 2024
2.742,135
Al 31 December 2023
2,705.457
There were no investment assels outside the UK.
Cost or valuation 8131 Oecember 2024 is represented by.
Listed
investments
Valuation in 2024
C05t
144,252
2,597,883
2.742 135
The histoncal cost ol the inve51menls at the year end w¥s £2,597 88312023 £2,573,108)
Page15
continued...

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
NOTES TO THE FINANCIAL STATEMENTS- conlinuèd
FOR THE YEAR ENDEO 31 DECEMBER 2024
13. DEBTORS
2024
2023
Amounts falling due within one year.
Loans
Provision lor loans unlikely
lo be rep31d
Other debtors
A¢¢rued Income
21.180
20,702
121,1801
12.755
120,7021
12.883
12,755
12863
Amounts falling due after more than one yeai.
Loans
Provision foi loans unlikely
to be repaid
19,000
31,500
11901
13151
Aggregate amounts
31.565
44 048
Loans
2023
2023
Sir Thomas White's Loan
Due lor repayment
2015 and earlier Ipiovided lor as doubffull
2016 Iprovideol for as doubtfull
2020
2021
2022
2023
2024
2025
2Q27
2Q28
2029
4.395
20
185
6.073
6.806
3.701
12.500
2,500
10.000
4.000
2.500
4,475
20
185
6,073
6831
3,117
12500
2,500
10 000
4000
2500
40,180
121 1801
52 202
121.0171
Less.. Provision for loans unlikely to be repaid
18.810
31,185
Loans that are due lor repayment in 2024 and earlier are shown in Ihe accounts as due in less than
on& year and any due after that dale are showr) as more than one year.
Page 16
continued

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Accruals
6,690
21,690
15. MOVEMENT IN FUNDS
Net
movement
In fLJnds
At
31112124
Al 111124
Unrestricted funds
General fund
3,008.735
14,3411
3.004,394
TOTAL FUNDS
3,008.735
14,3411
3.004.394
Net movement in fund5, included In the above are as follows.
Incoming
resources
ResoLJrces
expended
Gains and
losses
Movement
In funds
Unrestricted funds
Geneial fund
457,802
1428,9951
133,1481
14,3411
TOTAL FUNDS
457,802
1428.9951
133,1481
14,3411
Comparatives for movemènt in funds
Net
movement
in fundB
Al
31112123
At 111123
Unrestricted funds
General fund
3.016,094
17.3591
3,008,735
TOTAL FUNDS
3.016,094
17,3591
3,008.735
Comparative nel movement In fLJnds. included in the above are as follows
Resources
expended
Incoming
resources
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
424.105
1420.1691
111,2951
17,3591
TOTAL FUNDS
424,105
1420,1691
111.2951
17,3591
Page 17
continued

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
16. GRANT COMMITMENTS
The following grant commilmenls exist and have bcen agreed at the year end bLJI are contingent on
the projects either being fully financed andlor lull detailed reports being received. prior 10 3ny amounts
being paid out by the charrty
2024
2023
Moulton College
30,000
30,000
30,000
30.000
17. RELATED PARTY DISCLOSURES
Dur1ng the year ABF Soldiers were awarded grants tolalling £800 12023.. £1.2001 for which T
Whenham raises funds.
There weie no further related party Iran5aclions lor the year ended 31 December 2024, nor the year
en(Jed 31 December 2023
18. ULTIMATE CONTROLLING PARTY
The charity is under the control ol its Iruslees as Iisled within the Iruslees report
Page 18

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
INCOME AND ENDOWMENTS
Investment incomè
Dividènds & Interest received
Deposit account Interest
131,588
7,943
122761
1,936
139,531
124.697
Charitable activitiès
Funds received from Coventry
318.271
299.408
Total incoming resources
457.802
424,105
EXPENDITURE
Investment management costs
Portfolio management
9.522
9.573
Charitable activities
Clèrks charges
FCA ¢harge
Travel
Data protection
Nel change in provision lor loans Ljnlikely lo
be repaid
Grants lo InslitLJtions
Grsnls lo individuals
57.793
1.351
130
40
49,800
1,087
140
40
100
.045
296,450
1.686
45,700
294.600
391,909
393,053
Support costs
Management
Website costs
8,510
110
Finance
Bank charges
514
543
Governance costs
Auditors. remuneration auditing DI
accounts
Audilor5' remuneration for non audit work
Clerks chaiges
5,370
1,320
11.850
5,370
1.320
10.200
18.540
16,890
Total resoLJr¢es expended
428.995
420,169
Net income beforè gains and losses
28,807
3.936
This page does not loim part of the statutory financial slalemen15
P8ge19

SIR THOMAS WHITE'S NORTHAMPTON CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Realised and unrealised gains and losses
Realised gainslllossesl on fixed asset
inveslmenls
133 1481
111,2951
Net expenditure
14 3411
17.3591
This page does not lorrn p8rt 01 the slalutory financial slalemenls
Page 20