REGISTERED CHARITY NUMBER: 207714 Re ort oftheTrus es.and Unaudited Financial Statements for the Year Ended 5 A ri12024 Dean Whltehead's Charitable Trust Cfjse Accounting Ltd 20 Goodwood Way Cepèn Pèrk South Chippenham Wlltsh'irte SN14 OSY Dean Whitehead's Charitable Trust Contents of the Financlal Statements. for the Year Ended 5 A rl 2024 PaBe Report of the Trustees Independent Examiner's Report Statement OF Financial Activities Statement of Financial PositlDn Notes"to the Financlal Ststement5 dne Dea Whitehead's Chayitsble Trust Re ort ofthe Trustees for the Year Ended 5 A ril 2024 The trustee5 present their report and the unaudited financial statement5 of the charity for the .year ended 5 Aprll 2024. oBJE￿IVEs AND ACTIVITIES Objectives and alms The Trust is constituted under o Trust Deed dated 31 AuEUSt 1946. Its objects are to apply frust propèrty, ewther as capitsl or incorrie, 'for purposes in connection with; the relief of poverty, the maintenance and ed.ucatlon" of chlldren whose parent5 ore unable to provlde them with an education suitable to their position or abilities,. the advancement in life of such children; the payment of subscriptions or donationsto charitable institutions or societies. and.any other charitable objects. The fruslees meet annually, In June. to review all applicatlons and agree those that. they wlsh to support. they meet on Bn inforinal ba.sis during the year to review general"Trust matters, ACHIEVEMENT AND PERFORMANCE Charitable activities The Trust continues to provide grants toward5 the education of children wh05e parent5 are unable to provlde them with an education sultable to their position or abilities; for this purpose 30 grants to children being educated in the UK were made in 202412023: 24 Erantsl. The Trust also contlnues to support smaller local charitie5 and 7 such grants were made in 202412023-7 grantsl. wh.en considering grant applications the trustees have kept in mind the Chanty Commission's guidance on public benefit. With the exception of a maximum age of 18, no geographical or Dther restrfctions are Imposed on the grant applications. FINANCIAL REVIEW Financial position The Trust has an Investment portfolio, the income arising from which is used to make charitablè grants ' ènd donatlgns in'accordancè with'its objetts. During the year investment Income amounted to £61,38412023: £66,558), from which the Trust. made 30 grants amountinE tr) £49,57312023.' 24 grant5 totslling E45,55Ql towards school fees and other educational cost5 for children with special 5ki115 in music and dance and 7 grantg amountlng to £3.000 12023: 8 grants totalllng £3,500) to smaller local charitie5. After deducting administrative expense5 there was an overall surplus for the year of £62712023: £9,816 surplus). Thls year there has been a decrease in value in the investment portfolio, giving rise to reali5ed and unreallsed loss.es amounting to £54,904 {2023: losses of £184,4091. The funds of the Trust have therefore"decreased by a"total of £54,277 to Stand at £1.656,795"at the yearend. The investment p.ortfolio had a closing valuation of £1,565,243 12023.. £1,646,6191- The Trust has working capital of £91,55212023'. £64.4531 to cover future requlrements, whlch inclLtdes cash held by the investment brokers. PLANS FOR FUTURE PERIODS The Trustees intend to continue to use the annual income arising on the investment portfolio to Support artistically gifted or needy chlldren. mainly throu8h the payment of sthool fees, and support other charitable causes. Page I S dne Dean Whitehead's Charitable Trust ort of the Trustees forthe Year Ended 5 A ril 2024 srRucfuRE, GOVERNANCE AND MANAGEMENT Trustees The Trustees are appolnted in accordance with the provision5 of the Boverning docume'nt. Reserves policy Although there Is no ftxed Permanent Endowment, the.Trustees treat the amounts held a5 investments as though they were unexpendable capital, and aim to distribLrte the income arising each year. Investment polTCY The Trust'5 investments are professionally managecl, with a view to balancing capitsl appreciatlon and Sncome. Procedures and policy for Grant maklng Tbe Trustees meet once a year to consider what grants they will make and to review any feedback they have re￿ived. Potential beneficiaries are Invlted to submlt an application form for fundin8. The Trustees always seek feedback on the actual use of the grants given and the achievements made. Risk management The Trustees have considered the major risks fo which they feel the Trust may be exposed 8nd have taken actions based on thi5 asse55ment to ensuré that appropriate measure5 are in place to deal wlth suc.h risk5. The chief risk Concerns leve55 of investment ir¢come, which the Trustees mitigate by using prufe55ional investment managers to implement their investment policy. grants are not made for period of longer than one year so there are no future commitments. REFERENCE AND ADMINISTRATIVE D￿AlLs Reglstered Charlty number 207714 Principal address ao'Gay S'treet, Bath BAI 2PA Trustees P J W Langley Ideceased 31.1.24) Mrs A S Prebensen Mrs J Clarke A Clarke H Clarke Independent Examlner Case Accountlng Ltd 20 Goodwood Way Cepen Park South Chippenham Wiltshire SN14 OSY Page 2 ne an Whitehead's Charitable Trust Re ort of the Trustees for the Year Ended 5 A rll 2024 7 November 2024 Approved by order of the board of trustee5 on ..........-.. .- and signed on its behalf by- Lgldo Mrs A 5 Prebensen- Trustee Independent Examiner's Report to the Trustees of Sydney Dean Whitehead's Charitable Trust Independent examiner's report to the trustees of Sydney Dean Whitehead's Charitable Trust I report to the charity trustees on my examination of the accounts of Sydney Dean Whitehead's Charitable Trust {the Trust) for the year ended 5 April 2024. ## Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5){b) of the Act. ## Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 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 connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Tom Case Case Accounting Ltd 20 Goodwood Way Cepen Park South Chippenham Wiltshire SN14 OSY 7 November 2024 Date: ............................................ . Page 4 Dean Whitehehd's Charitable Trust Statement of Financial Activities for the Year Ended 5 A rll 2024 5.4.24 5.4.23 Unrestrlcted Total funds funds Notes INCOME AND ENDOWMENTS FROM Investment income 61,384 66,558 EXPENDITURE ON Charitable activities Grants to Individuat5 Donations to Organisitions Support Costs 49,573 3,000 8, 184 45,550 3,500 7,692 Total 60,757 56,742 Net gains/llossesl on investments 154,9041 1184,4091 NEf INCOME/IEXPENDITURE) 154,2771 1174,5931 RECONCILIATION OF FUNDS Total fund5 brought forward 1,711,072 1,885,665 TOTAL FUNDS CARRIED FORWARD 1,656,795 1,711,072 CONTINUING OPERATIONS The statement of financial activities includes all Bains and1055es recognised in the year. All income and expenditure deritre from continuing activities. The note5 form part of these financial statement5 Page 5 ' Dean Whitehead's Charitab'le Trust Statement of Finan 5 A ril 2024 ial Position 5.4.24 Unrestrirted Total funds funds Notes FIXED ASSETS Investments 1,565,243 1,646,619 CURRENT ASSETS CBsh at bank 110,999 79,707 CREDITORS Amounts falllng due within nne year {19,4471 115,2541 NET CURRENT ASSErs 91.552 64,453 TOTAL ASS￿$ LESS (IJRRENT UABIUTIES 1,656,795 1,711,072 NET ASSErs 1,656,795 1,711,072 FUNDS un￿StrIcted funds". General fund Designated Investment Fund io 91,552 1,565,243 64,453 1,646,619 1,656.795 1,711,072 TOTAL FUNDS 1.656,795 1,711,072 These financial statements were approved by the Board of Trustees and authori5ed for i55ue on 7 November 2024 and were SIEned on Its behalf by= L fj?wfh A S Prebensen- Trustee The notes form part of these financial statements Page 6 Dean Whitehead's Charitable Trust Notes to the Financial Statements for the Year Ended 5 A rll 2024 GENERAL INFORMAnoN The char¢y Is registered charity in England and wales.and 15 unincorporated: The addre55 of the principal office 15 30 Gay Street, Bath, BAI 2PA. ACCOUNTING POLICIES Basls of preparation The flnaNcial statements of the charttv, which is a publlc. benefit entity under FRS 102, have been prepared in accordance with the Charities SQRP IFRS 1021 'Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectNe l January 20191,, Financial Reporting Standard 102 The Financial Reportlng Standard applicable in the'UK and Republic Df Ireland, and the Charities Act 2011, The financial statement5 have been prepared under the historical cost tonvention, with the eX￿ptIon of investments which are included at market value, as modified by the revaluation of certain Ssets. Dlsclosure exemptions The charity doe5 riot include a cash flow Statement on the.Erounds that It Is applying FRS 102 Section IA. Incomlng resouftes Income from listed investmenis and bank interest is recognlsed in full in the statement of financial activities when receivable. Resources expended Expenditure on grants and donations is recorded once the trust has made an unconditional commitment to pay the grant and this has been communlcated to the beneficiary. The trust does niit make any Brant ccimmit'ments of morè't'han one year. All other expenditure is recognlsed Dnce there 15 a leBal or constructive obligation tts make a payment to a third party. It is probable the. Settlement will be required aknd the amount of the obli8ation can be meBSured reliably. Investments Listed investments are measured at fair value, being market value at the balance sheet date. Changed in fair value are recognised in the statement of financial activities. Taxation The trust is a registered charity and 8ccordin8ly is exempt from taxation on income and gain5 where they are applied for charitable purposes. Fund accounting Unrestricted fund5 are avallable for use at the discretion of the trttstees to further any of the charity's purp05e5. Designated funds are unrestrlcted funds earmarked by the trustees for particular future projects or commitments. continued... an Whitehead's Charitable Trust Notes to the Financial Statements - continued fortheyear Ended 5A ril 2024 ACCOUNTING pouaES- continued Fund accounting Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classe5: restricted income fLtnds or endowmentfunds. Going concern There are no material uncertalntjes about ihe charity s ability to contin.ue. JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY The preparation of the financial statements requires manaEement to make judgements. estimates and assumptions that affect the amounts reporled. These estimates and judgements are conrlnually reviewed and are based on experience and other facto￿. including expectations of future events that are believed to be reasonable under thè circumstance5. INVEsfMENT INCOME 5.4.24 5.4.23 Unrestricted Total funds funds Income frDm listed investments Bank inter25t 61,023 66,423 135 61.384 66.558 CHARITABLE ACTIVITIES COSTS Grant funding of activities Support costs TDtals Grants to Individuals Donatlons to Organi58tions Support costs 49,573 49,573 3,000 8.184 8,184 52,573 8,184 60,75? Page 8 contlnued... Dean Whitehead'5 Charitable Trust Note5 to the Financial Statements- continu lor the Year Ended 5 A ril 2024 TRusfEES' REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits.for the year ended 5 April.2024 nor ft)r the year ended 5 April 2023. Trustees, expenses There were no trustees, exFJEnses paid for the year ended 5 April 2024 nor for the year ended 5 Aprll 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted funds INCOME AND ENDOWMENTS FROM Investment income 66,558 EXPENDITURE ON Charitable actlvltle5 Grants to Individuals Donations to organi5ation& Support Costs 45,550 3,5 Total 56,742 Net galns/llosses) on inve5tment5 1184,4091 NEf INCOME/{EXPENDITURE) 1174,5931 RECONCILIATION OF FUNDS Total funds brought forward 1,885,665 TOTALFUNDS CARRIED PORWARD 1.711,072 Page 9 continued.. Dean Whitehead'5 Charit ble Trust Notes to the Financlal Ststements- continued for the Year Ended 5 A 24 FIXED ASSET INVESTMENTS 5.4.24 5.4.23 Other 1,565,243 1.646,619 The above portfolio Includes assets outside the UK totalling £5,768 {2023: £5,390). The historic c05t of investments at the year end 15 £653,032 {2023- £664.6281. The following Investments account for morp than 50/p o'f the market value of the'portfolio: M & G Securities London Stock Exchange Group Experian Group Astrazeneca Compass Group Diageo £237,086 £132,230 £111,903 £87,721 £86,822 £86,197 15.15% 8.45% 7.15% 5.60% 5.55% 5.51% Investments (neither listed nor unllsted) were ès follows: 5.4.24 Valuation broughtrforward Additions DispDsals Fair value movements 1,646.619 30,663 157.135) 154,904) 1,804,643 149.0111 1184,4091 1,565.243 1,646,619 Page 10 ntinued... Dean Whltehead's Charitable Trust Notes to the Financial Statements- continued for the Year Ended 5 A rll 2024 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 5,4,24 5.4.23 Other creditors 19.447 15,254 io. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 6.4.23 5.4.24 Unrestrlcted funds General fund Deslgnated Investment Fund 64.453 1,646,619 154,277) 81.376 181,3761 1,565,243 1,711,072 54,2771 1,656,795 TOTAL FUNDS L,711,072 154.2771 1,656,795 Net movement in fund5, included in the above are as follow5.. Iycoming Movement resources. Resource5 Gainsand expended losses in funds Unrestricted funds General fund 61,384 160,7571 154,9041 154,2771 TOTAL FUNDS 61,384 60,7571 154,9041 154,2771 Comparatives for movement in funds Net movement In"funds Transfers between funds At 6.4.22 Unrestricted funds General fund Designated Investment Fund 81,022 1.804,643 9,816 1184,4091 126,385) 26.385 64,453 1,646,619 1,885,665 1174,593} 1,711.072 TOTAL FUNDS 1,8B5,665 1174,5931 1,711,072 Page IJ continued... Dean Whitehead's Charitable Trust Notes to th Financlal Statements- continued for the Year Ended 5 A 24 10. MOVEMENT IN FUNDS-continued Comparative net movement in funds, included in the above are a5ft)Ilows.' Incoming Movement resources Resources Gains and expended losses in funds Unrestricted funds General fund DeSlBryated Investment Fund 66,558 156,7421 9,816 1184,4091 1184.409) 66,558 156,7421 1184,4091 1174,5931 TOTAL FUNDS 156,7421 1184,4091 1174,5931 11. RELATED PARTIES There were no transactions during the year with the Trustee5 or related parties12023: None). Page 12