REGISTERED COMPANY P4UM8ER: 00398716 (England and Wales)
REGISTERED CHARITY NUMBER: 216064
Re
rt of the Trust
and
Financtal
nts lor the Year Ended 30 se tember 2
Whitehèven Trust Limited

Whi
haven Trust
ont
Fin
ncial Staternent
r Ended 30 Se
tember 2023
Page
Report of the Trustees
I to 7
Report of the Independent Auditors
8 to 11
Statement of Financial Activities
12
Balance Sheet
13 to 14
Cash Flow Stateme
15
Notes to the Cash Fbw Ststement
16
Notes lo the Financial Statements
17 to 27

Whit haven frust Limi
Re
ort of the Trustees
for the Y
rEn
The trustees who a￿ also directors of the charity for the purposes of the Companles Act 2006, present
their report with the financial statements of the charlty for the year ended 30September 2023. The
tru5tee5 have adopted the provtsions of Accountin8 and Reportin8 by Charstie5: 5￿teft￿nt of
Recommended Practrce applicable to Charities pre￿rit￿ their accounts in accordan￿ wtth the Financial
Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectrve l January 20191.
OBJEcfivES AND AcnvmES
Obiertives and alm$
The objects of ihe charity as set out in the Articles of AssoclaiM)n of Whitehaven Trust Ltd dated 20
September 1945 and re8ulady reviewed ère:
"to relieve need by provldlng carn ¢ornbtent w6th the wactkes and teachlrys of Chrlstlan S¢l¢fice, as set
out In the writirys of Mary Baker Eddy. whlch moy In particular include: a Chrlsllan S¢len¢e nurslns
lacilhy. Chrfstian Sdence nurslni In the horne: resldentlal accommodatlon: asslstance and support. and
Ilnanclal asslstsnce for thos¢ who are Lmable to pay for ser¥•ces provided by the Chartty. To advance
edu¢atlon by pro¥ldln8 andlor fvndlrq tralnlry In Chrlstlan Sdence nurslw a5 set ¢xrt In the writlngs of
Mary Baker Eddy."
S*nlficant actlvhies
The Trust currentty provides Christian Science NursiNd care service5 through the Visiling Christian Science
Nursing Service IVCSNSI based in Bristol. EnglarKI for patients in their own home. This sernice is permltted
to operate in England onty. under Care Quallty Commission ￿gUlatIOnS.
Any individual interested in seekir* healing throu8h Christian Science may apply to Use our Vr5itin8
Christian Science Nursing SeNice IVCSNS) in En8land.
Whltehaven Trust has also been proactive in looking at opportunities io liaise with other Christian Science
nursin8 organisations to develop the training for Christian Scien£e nursing. In the summer of 2023.
Whitehaven employed an additional tvKJ Christian Science nurses on a part time basis and al the same
time, began a series of outreach talks to Chrisrian Science churches and societles in England. A
memorandum of understanding was also dTafted arKI approved between Whitehaven Trust and
Mountlands Trust- a Sister organisation with similar Ob￿liveS in an effort to make working together a5
easy as possible.
Pa8e I

ort of the Tru
for the Y
r Endèd 30 Se
OBJEcfivES AND AcrivmES
Publlc benefit
In reviewing the Trust's alms and objectives ihe trustees hwe refer￿d to the guidan￿ on public benefit
which has been provided by the Charity Commissh)n in both the general Buide and in the specific 8uide to
fee-charg1￿ charities.
Patients of the Visit5ng Chrisiian ScreTr￿ NursiThJ SeThice IVCSNSI are issued with a Statement of Cost for
the services provided to them.
statements of Cost issued to patients of the Visitire Chrlstian Science Nursin8 SeThice a￿ calculated to
recover only the direct time spent with the pat￿nt by the Christian Science nurse. together with the
associated travelling costs. The full costs of the care. induding management and administration cost5, are
not covered by the Statement of Cost.
If pattents a￿ unable to afford the full contribution to cover the Statement of Cost from their own
resources they are encouraged to apply for aWStan￿ from the fvnd for Christian kientists ill Need of
Nursing Care provided comply with the finartcial criteria laid down try the Aid Fund.
The Trust may give benevolence to pat*nts who ère not able to meet the Statement of Cost from their own
resourtes, the Fund or any other grant-making body. IndivKluals are made aware of this policy each
time they contribute to thé costs of theircaTe.
Page 2

¥en Trus
ort of the Tru
tees
he Year Ended 30 Se
mber2023
STRATEGIC REPORT
Achlevemeftt and perfornian
Achièvement and performance. Chrlstian Sclence Nursir¥ Service
Whitehaven Trust Ltd continues to provide Christlan Science Nursing Care servlces for patients in thelr own
home through the Vi51ting Christian SCIen￿ Nursin8 Service IVCSNS). This has been operating since Au811$1
2016 from an office at Cedar House. 28 Northumbria DrNp. Hert￿ale. Brlstol. These premises ènd the
VCSNS seThlce are registered with The ca￿ Quality Commission ICQCI and under its regulations the service
is perniitted to operate in England only.
The Visiting Christian Science Nursing Se￿￿e receNed an inspeaion by the CQC in October 2022 and the
port was published on Ilth November 2022. The service maintained its overall raling of 'Good'
followin8 the inspection of Key Lines of Er4uiry- Safe and Well Led. In March 2023. the servKe receNed a
full inspection frorn The Commission for AccreditatKin of Christian Science Nursing Fatilitiesl Organizations
Inc., based in the US and was awarded accreditstion lor a fvrther three years.
Promotion of the VCSNS was a key priority of Whiteha4En Trust. revamping the website, curating
brochure a￿1 dirertly communicating with the Christian Science r￿Id in the UK by way of ne￿letter4
giving talk5 and ¢ommunicatir8directly with Christian Scieno praCtit￿ners.
In the past year, the seryice has continued to grow with the VCSNS seeiftg more actr¥ity than the previous
year. The Trust ended its financial year ahead of tsr8et income from the VCSNS.
Achle¥•ment and Perfwmance. 5￿mmary
Whitehaven Trust continues to have a co-operatTrie relatminship with the Gire Quality Commi55iC+n
(Englandl. All inspection results are available on the CQC website and on www.whitehaventrust.co.uk.
The Vlsiting Christian Scrence Nursing Servrce has a Certifute of Acc￿ditation with the ComMiss￿n for the
Accreditation of Chrfstian Science Nursing O￿anIsatiOnS/FaCilitlts Inc.. USA which is val*J until July 2026.
A¢ifvStles
The AGM was held in-person at the First Churth of Chiill, ScientlSt. Stroud and Trustee meetin85 have been
held online and in person on alternate months. Whitehaven Trust appointed a fvrther two Chrlstian Science
nurses to part time positions. and also began advertising for a full-tFme Christian Science nurse to be based
In the Southeasl.
Flnanclal revFew
Flnantial position
As at 30 September 2023, the charity had funds of £4.49m of which all but £4.3f￿ were restricted. Assets
totalling £1.54m are intluded within fvnds that would not be realisable without the sale of investment
properties. Cash of £0.47m along with cash held in the investment portfolio of £0.073m provides
sufficient liquldity for the trustees to be able to u)Klude thèt ihe reseNes available will be sufficient to
covèr any short to medium term cash requirements, and that on this basis the charity Is a going concern.
Our investment properties have seen a red￿tion in their value from É1.62m in 2022. to £1.54m in
Seplember 2023. Our net income for the period was E299.917.
Whltehaven Trust- Re8lstered office
28 Northumbria DrNe, 8risiol, BS9 4HP
Page 3

Whiteh
rt of the Trust
for the Y
Se
tember 2
23
srRATEGIC REPORT
Flnanclal revlew
Investment Propertles
Whltehaven Trust Ltd continues to let seven flats at market rents to ralse revenue for the Trust's charitable
activities. They are located at 28130 Northumbria Drive. Bristol 859 4HP, they are currentw Valued at
£1.54m.
Investment polky and objecti¥es
All investments held have been acquired in accordance with the Trust's powers; they a￿ managed by our
Portfol￿ managers at Investec to provide a MIx￿re of capital growth and income. Invesiments are made
only in those areas of the market that a￿ not involved with armaments. tobacco. drugs or alcohol. The
investments are reviewed regularly by the CEO with the portfolio manager, and the Trustees meet with
Irwestec at least On￿ a year io monitor the Manage￿nt of Whitehaven's portfolm).
Reserves pollcy
The reserves furnl and the polKY on reserves continue to be kept under close wiew. The trustees, aim is to
maintain unrestricted reserves at a level suffKient to cover a year's running costs. Our reserves currently
exceed the £394.crfxJ expenditure budgeted for 2023124. 8NiTI8 trustees the flexibility to brin8 forward
spending on additional Christian Science nursing staff as outlined in the future plans section below.
Rlsk Asse55rnent and Mana8ement
The Trustees undertake an annual Risk Identificat￿n and Management Assessment which considers five
main categories of risk: governance and managefflenL operational, financial. external and compliance with
law and regulatK)ns.
FIna￿la1 and risk management obje¢ti¥es and policies
There is no signifKant price or tredit risk in relat￿n to the Charitab￿ xtivitTres. The investment portfollo
is subject to price and credit risk, but this is managed in line with the investment policy to ensure
balanced portfolio. There was no interest rate risk in the year as no monies were borrowed. Liquldliy and
cash flow risk are monitored. Cash and liquid assets are rnaintained at a level to ensure compliance with
the reseNes poly.
The Trustees continue to review all aspects of the Tntst's operations at their monthly meetings, i￿luding
the budget antl monthty management accounts. and to ￿vIeW the Risk Asse55ment and Financial
Procedures annually.
Future plans
Our Visiting Christian Science Nur51118 Servlce Idomiciliary carel ¥AII continue to provide care in En8land.
Trustees are focused on expanding this provision for patients who want Christian knence nursing care by
recruitin8 and training more Christian Science nurses. The trust is hjoking at different ways of employing
already qualif*d Christlan Science nurses on either a part tine or full-time basi5 to cover work in other
areas of England and will continue to do this into the next year.
The Trust contin￿5 to review training programmes for Christian Science Nursing trainees from both the UK
and abroad to increase the availability of staff io run our charitable activities.
We a19) continue to communicate with the Christian Science community at(*ut the work of Whitehaven
Trust Ltd and to promote the work of Chrlstian Science nurses. Tèlks were gsven this year lo churches and
fvrther requests are coming in for talks next year.
Page4

Page 4

Whi
Limi
ftheTr
r Ended
fort
mber
STRucfiJRE, GOVERNANCE AND MANAGEMEpir
G¢)vernance
Whitehaven Trust Ltd s a registered charity. number 216064. It is also a company incorporated under the
Companies Acts. number l)0398716 limited by guarantee and not havin8 a share capital. as defined by the
CompaThes Act 2￿.
It is governed by a Memorandum and Artides of A55odatlon last revised 21 January 2011.
Membership of the company is restricted to members of The First Church of ChrisL Scientist, in Boston,
Massachusetts. USA who are students of an authorised teacher of Christian Scien￿. Company Members
a￿ appolnted by iniritation on a regular basis.
Strurture
Whitehaven Trust ￿rnited is affiliated to the A550Cbation of Organisations for Chrlstian Scieh¢e Nursing and
is accredited by The Commission for Actreditation of Christian Sc*nce Nursing OrganisationslFacilities Inc.
in the USA which sets the standards for Christian Science Nursing.
The Visiting Christian Science Nursing Servtt IVCSNS) is registered with the Care Quality Commission ICQCI
England.
Management
The Trustees who are also directors of the charty for the purposes ol the Companies Act 2006, are
appointed by Company Members at the Annual General Meetin8. They meet monthly and take all
detisions pertalning to matters of policy and directioD. They delegate the day to day runnin8 of the
charity to the CEO/Company Secretary, and the Visiting Christian Sc*nce Nursin8 Manager. New Trustees
receive an induction covering the main a￿85 of the organisation and their responsibilities as Trustees in
accordance with the 8uidance from the Charity Commisgon. They will also be sent on regular approprlate
Irainin8 courses as required. The CEO/Company SecietarylNominated Individual will uplate Trustees on
changes in re8ulations and the law.
The membets of the Board of Trustees who ser¥ed durin8 the year are set out below.
REFERENCE AND ADMINISTrATIVE DETAILS
Re8lstered Company number
(XJ398716 (Englantl and Walesl
Reglstered Charlty number
216064
Registered offlce
Cedar House
28 Northumbrla Drive
Bristol
BS94HP
Page 5

ven Trust Limi
ort of the Truste
for the Year
Trustees
EAWllson
V M Needham
A E J Mclntyre, CBE
H M Haughton (appointed 28.3.23)
J R Slnclair (appointed 15.8.231
L Huxford (resigned 13.5.231
Audltovs
Moore
Chartered Accountants and Statutory Auditor
30 Gay Street
Bath
BAI 2PA
Soli¢ltor5
Stone King LLP
Upper Bor0￿h Court
Upper Borough Walls
Bath
BAI IRG
Brokers
Investec
Stockbrokers and Fund Managers
3Temple Quav
3 Tefflple Back E
Redcliffe
Bristol
BSI 6DZ
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
ME19 4JQ
STATEMENT OF TRUSTEES. RE5POP4SIBILmES
The trusiees Iwho are also the directors of Whitehaven Trust Limited for the purposes of company lawl are
responsible for preparin8 the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accountire Standards (United Kingdom Generally Accepted Accounting
Practicel-
Page 6

Whl
Re
ortoft
fort
arEn
es
Se
tem
r2023
STATEMENT OF TRUSTEES. RÉSPONS181UTIES. Continued
Company law requires the trustee5 to prepare financial statements for each financial year which give 3 Irue
and fair view of the state of affairs of the Charital￿e tompany and of the incoming resources and
èpplication of resources. including the income and expenditure. of the charftable company for that period.
In preparing those finanoal statements. the tru#ees are required to
select swtable accounting policies and then apply them conslstentty-
observe the methods and principles in the Charity SORP-
make judgement5 and eslimates that are reasonable and prudent-
state whether applicable accounting standards have been followed. Subject to any material departures
disclosed and explained in the financial statements-
prepare the financial statements on the 8oin8 concern basis unless it is inappropriate io wesume that
the charitable company will continue in business.
The trustees are resrM)nsible for keeping proper accountin8 records which disclose with reasonable
accuracy at any time the financial posit￿n of the charitable company and to enable them to ensure ihat
the financial statements comply with the Compan￿5 Act 2￿)6. They are 3150 responsible for 5afeguardin8
the a55ets of the Charitab￿ company and hence for takin8 reasonable steps for the prevention and
detection of fraud and ot￿r irregularities.
In so far as the trustees a￿ aw•re:
there is no relevant audit information of which the charitable company's auditors are unaware- and
the trustees have raken all steps that they ought to h￿e tsken to make themselve5 aware of any
relevant audit infOrMat￿n and to establish that the auditors are aware of that infom)ation.
AUDITORS
The auditors, Moore, wil be proposed for ￿-appointment at the forthcomin8 Annual General Meeting.
Report of the trusiees, incor
company directors, on ........
ratin8 a stfate
ic report. approved by order of the boartl of trustees, as the
- and signed on the board'5 behalf by..
E A Wi19)n . Trustee
Page 7

rtofthe
Whitehav
n Trust ￿"m1
to
he
Oplnlon
We have audited the financial statements of Whitehaven Twsl Limited (the 'charitable company'l for the
year ended 30 September 2023 whlch comprise the Statement of Flnancial Activities, the Balance Sheet,
the Cash Flow Statement and notes to the linancial statements, including a summary of si8nificant
accounting policie5. The financial rewrtin8 framework that has been applied in their preparation is
applicable law and United Kingdom Attounting Stsndard5 (United Kirodom Genefalty Accepted Accountln8
Practice).
In our opinion the financial statements:
give a true and fair view of the stste of the charitable companrfs affairs a5 at 30 September 2023 and of
it5 incoming resources and application of resources. includin8 Its income and expenditLtre, for the year
then ended-
have been property prepared in accordance with United Ki￿d0M Generalty Accepted Accounting
Practice- and
have been prepared in accordance with the requirements ol the Companies Act 2ry)6.
Basls for oplnlon
We conducted our aLKlit tn accordance with Intematlonal Standards on Auditing (UK) 11SAs IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the autlit of the financial staiements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that a￿ relevant to our audit of the
financial statements in the UK. including the FRC'S £thThl StaThlard. and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conduslons relatlry to 80ir* concern
In auditing the financial statements. we have conduded that the trustees. use of the 80ing ¢oncem basls of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events
or conditions thaL indivldually or collertively, may cast significant doubt on the charitable companls ability
to continue as a goi￿ concern for a period of at least tWe￿e months fmm when the financial statements
a￿ auihorised for Issue.
Our responsibilitses and responsibilities of the trustees with respect to goi￿ toncem are described in
the relevant sections of thb report.
Other Infomiatlon
The trustees are responsible for the other infrjrniat•[￿. The other information comprises the information
Includetl in the Annual Report. other than the financial stateff*nts a￿1 our Report of the Independent
Auditors thereon.
Our opinion on the financial statements does Ilot cover the other information and, except to the e￿ent
otherwise explicitfy stated in our report, we do rK)t express any form of assurance conclusion ihereon.
In Connettion with our audit of the finarKial statements. otsr responsibility is to read the other information
and, in doir* $0, consider whether the other informalKJn is materially inconsistent with the financ4al
statements or our knowledge obtained in the audit or otherwise appears to be Material￿ misstated. If we
Identify such material inconsistencies or apparent material misstatements. we are required to detemiine
whèther this gives rise to a material misstatement in the financval staiements themselves. If. based on the
work we have performed, we conclude that there 15 a material misstatement of thi5 Other information, we
are required to report that fact. We have nothing to report in this regard.
Pa8e 8

rt of the Inde
endent A
Whiteh
ven Trust Limi
rstotheT
Matters on which we are rew*r￿ to report by exception
We have ￿thIng to report In respect of the following matters where the Charities (knounts and Report51
Regulations 2QJ8 requires us to report to you if, in our opinion..
the infomiation gwen in the Report of the Trustees is incon5i5tent in any material respect with the
financial statements- or
the charitable company not kepl adequate accounting records: or
the financial statements are not in agreer￿ nt with the accounling records and returns,- or
we have not recefved all the inf0mlat￿n and e￿IanatKIns we ￿qUIre for our audit.
Responslbllltles ol trustees
As explained more fully in the Statement of Trustees. Responsibilities, the trustees (who are also the
dlrectors of the charitable company for the purw)ses of company lawl are responsible for the pieparation
of the financial statements and for beirE Satisfied that they give a true and fair view. and for such internal
control as the trustees deterM￿e ts necessary to enable the preparat￿Th of financsal statements that are
free from materh?I misststement. whether due to fraud or errof.
In Prepari￿ the flnancial statements. the trustees are responsible for a$5essin8 the charitable company's
abllity to continue as a goin8 concern. disclosing, as applbtable. matters related to going concern and usi
the going concern basis of accounting unless the trustees either iniend to liquidate the charitable companv
or to cease operations, or have no realistic alternative but to do 5Q.
Page 9

to
Whit hav
Limi
Our rnsponslbllltles lorthe audit of finandal statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordan¢e
wlth the Act and relevant regulations made Of having effert thereunder.
Our objectives are to obtain reasonable assurance athjut whether the financial statements as a whole are
free from material misststement, whelher due to fraud or error. and io issue a Report of the Independent
Auditors that inclLMles our opinion. Reasonats￿ as5urnnce is a high level of assurance. bul is not a
guarantee thai an audlt conducled in accordance with ISAS (UKI will always dÈted a material misstatement
when it e￿Sts. Misstatements can arise from fraud or error and are considered material if. indNidually or Sn
the a88regate. they could reasonabty be expected to infiuence the economic decisions of users taken on
the basis of these financial statements.
The extent to whKh our w¢xedures are capaLle of detecting irregularities, includlng fraud is detsiled
below:
ExplanatloD as to what extent the *xllt was Cons1￿ capable of detertlnl Irre8ularlti4 indudln8
fraud
The objectives of our au(Jit in respect of fraud. are- to identify and assess the risks of material mlsstatement
of the fmancial statements due to fraud- to obtain suificier)t appropriate audit evidence re8ardin8 the
assessed risks of material misstatement due to fraud. thrO￿h designin8 implementing appropriate
responses to those assessed risks. an(J to respond appropriately to instances of fraud or suspected fraud
identified during the audit. However, the prlmary responsibility for the prevention and deteCt￿n of fraud
rests with both management and those charged with govemance of the compafty.
Our approach was as follows:
We obtained an understanding of the legal and regulatory requirements appI￿able to the company and
considered that the most signiflcant are the CompanEs Act 2C(6. Charilies Att 2011, UK Financial
Reporting Standards and UK taxation legislation.
We obtained an understarKling of how the company complies with t￿se fequirements by discussions with
management and those cha¥ged with governance.
We a$5essed the rlsk of material misstatement of the financial statements. including the risk of material
misstatement due to fraud and how it might occur. by holding (iiscusslons with management and tP*)se
charged with 8overnance.
We inquired of management and those charged with governance as to any known instances of
non-compliance or susperted non-compliance with laws and regulat*)ns.
Based on this under5tandin& we designed specific appropriate audll procedures to identify instances of
non-compliance with laws and regulations. This incI￿￿ed making enquiries of management and those
char8ed with governance and obtalnlng additional corroborative evidence as required.
A further description of our responsibilitiès for the a￿lIt of the financial Statements Is located on the
Financial Reportin8 Counol's website at www.frcor8.LWauditorsresponsibilities. This descfipiion fomis
part of our Report of the Independenl Auditors.
Page 10

f h Inde
ndentA
hitehaven Trust Limit
othe
Use of our report
This report is made solely to the charitable company's trustees. as a trx)dy. in accor(lance with Part 4 of the
Charities (Accounts and Report51 Regulations 2￿8. Our audit work has been undertaken so that we might
state lo Ihe charitable company's trustees those matters are required to stste to them in an auditors,
report and for no other purpose. To the fUl￿t extent pem)ltted by law. we do not accept or assume
sponsibilily to anyone other than the charitsble company and the charitable company's trustees as
bolly. for our audit work. for this report. or for the opinions we have fomied.
for and on behèlf of Moore
Chartered Accountants and Statutory ALKlitor
EliBible io act as an auditor in temis of Sertion 1212 Of the Compan•es Acl 2006
30 Gay Street
8ath
BAI 2PA
Date..
Page 11

Whi
ehaven T st
Statem
forth Y
f Financial Activities
rEnd d30
30.9.23
Total
fvnds
30.9.22
Total
funds
un￿StrICted Restricted
hjnd
funds
Notes
INCOME AND ENDOWMEiifs FRIJM
Donatlons aMI le8acies
20.C
s￿.045
132.374
Charitsble artfvltles
Nursing Care Services
41.158
41.158
24.934
Investment income
Other income
76.￿5
76,SY15
66,168
4.827
Totsl
598,108
20.(￿}
618,108
228,303
EXPENDITURE ON
Charitable artlvitles
Nursing Care Services
Governance costs
268.416
5.498
273.914
212.577
36,937
36,937
123,806
Totsl
313.993
5.498
319.491
342,383
Net gainsll1055es) on investmen15
1.300
1154.6421
NEf INCOMVIEXPENDITURE)
Transfets between fvnds
285.415
10.142
14.502
110.1421
299,917
1268,722)
18
Nel mi)vement In funds
295.557
4.360
299,917
1268,7221
REC(x4auAnoN OF FUNDS
Total fu￿15 broughi forward
4.191.731
4.191,731
4,460,453
TOTAL FUNDS CARRIED FORWARD
4.487,288
4.360
4,491,648
4,191,731
The notes fom) part of these financhil statement5
Page 12

have
tem
r 2023
30.9.23
Total
fund5
30.9.22
Total
funds
Un￿strICted Restricted
fund
fvnds
Notes
FIXED ASSErs
Tangible assets
12
16.075
16.075
24,641
Investments
Investment property
13 2.485.063
14 1.540.395
2,485.063
1,540.395
1,9)4.159
1,620.COJ
4.041,533
4,041.533
3.548.8
CURRENT ASSET5
Stocks
Debtors
Cash at bank
15
16
1.302
13.455
464.986
1,302
13,455
469,346
1,302
106,403
580,937
4,360
479.743
4,360
484,103
688,642
CREDITORS
Amounis falling due within one year
17
133.9881
133,988}
145,7111
NET CURRENT ASSErs
445.755
4,360
450,115
642.931
TOTAL ASSETS LESS CURRENT IIABIUTIES
4,487.288
4,360
4.491.648
4.191,731
NET ASSETS
4.487,288
4,360
4.491,648
4,191,731
FUNDS
Unrestricted fund5
Restricted funds
18
4,487,288
4,360
4.191.731
TOTAI FUNDS
4,491.648
4,191,731
The chafltable company ts entiiled to exemption from audit under Sectw)n 477 of the Companles Act 2W6
for the year ended 30 September 2023.
The members have not dep)sited notice. pursuant to SeCt￿n 476 of the Companies Act 2CQ6 requlring an
audit ol these financial ststements.
The notes fomi part of these fina￿la1 statements
Page 13
continued..-

Whi
haven Trust Lwnit
anEe S
r20
The trustees acknowledg* their resFK)nS￿*1IeS fix
ensuring thai Iht charita￿e cornpany keep5 accountinB reLords that compty wilh Secl'"ons 386 and
187 of the Companit5 Act 2CC6 and
Ibl preparing financml staiemenis whKn 8ive a In￿ and fair view of the state of •ffairs of the chaDtable
comyny as at the end of Èach fIna￿la,. year and of it5 swplus or deF£it for eath finèntial yeaw tn
accordance with the requirements of Sett￿ns 394 and 395 and which otherwse compFy with ihe
requiremèots ol the Companies Act 2W6 ieialin8 lu (Indi￿￿1 statements. $0 Far as applicabje to the
charltsble t￿￿rty.
These financial statements have been dwSted under th¢ requiremenis of sec1K￿ 145 of th2 Ch8riiies Aci
2011.
The fxmntial stal
ent5 were apswoved by Board ol Tru5tee5 and authorised lor i55ue on
. an¢J were ggred on its behalf ￿.
E A Wilsots- Trustee
AE J Mclnlyre- Truslee
The noies fom) part of tl*se 14nèncial Maiements
P4e 14

Fl w Statem
r Ended 30Se tem
r 2023
30.9.23
30.9.22
Note5
Cash flows from operatlns artlvftle5
sh generated fmm operations
Interest paid
364.121
(128.697)
12,2731
Net cash provided byllused Inl Operati￿ artNitbes
364,121
{130,9701
Cash fltyys from InTMSting activltles
Purthase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets
Sale of investments
Interest recelved
Dividends received
131,0781
ii.cm,cm)
1,587,537
259,999
{2.4511
1701
16.CIM)
8.288
Net cash (used inllprovided by investing actNities
{475.7121
813,937
sh fl￿$ from financiNx artivities
Loan repayments in year
li54.1￿)
Net cash provided byllused inl finanung activhies
1154,(xx)I
Change In cash and cash equivalents In
the reportin8 period
Cash and cash equivalents at the
be8lnnlry8 of the reportini perlod
{111.5911
528,967
580.937
51,970
Cash and cash equlvalents at the end
of the reportlng perlod
469.346
580,937
The notes fom) part of these financial 5tstements
Page 15

Whitehaven Trust Limit
Notes to the Cash Flow S
r the Year En
ed30
rnber2
RECONCIUATION OF NET INCOW(EXPENOtTUAE) TO NET CASH FLOW FROM OPERATING
AcfiviTIES
30.9.23
30.9.22
Net Income/lexpendtture) fi)r the reportlry perfod (as per the
Staternert of Anandal Artl¥ltlesl
Adlustments for:
Depretiation charges
(Gainlllosses on investment5
IProfitl/loss on disposal of frxed assets
Interest received
Interest paid
Dividends receNed
Decreasellincreasel in debtors
IDecreasel[Intrease in creditors
299.917
1268,7221
,521
(1,3001
{15,9551
18.2881
8,075
154.642
53.320
2.451
2,273
70
198,1761
17.370
92,948
11,7221
Net (ash provlded byllused In> opet*tMs
364,121
1128,697)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.10.22
Cash flow
At 30.9.23
Net cash
Cash at bank
580,937
111.591}
469.346
.937
1111.5911
469,346
Totsl
580.937
1111.591}
469.346
The notes fom part of these financkil statements
Page 16

tes to the Fi
tat
he Year Ended 30 Se
tember 20
ACCOUNTING pouaES
8￿$ of preparlry the ftnandal st*em
The financial ststements of the charitsble company. whith is a public benefrt entity under FRS 102,
have been prepared in accordance with the Charities SORP IFRS 1021 'Accountin8 and Reportin8 by
Charities.. Statement of Recommended Practice applicab￿ to chartties prep3ring their accounts In
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 {effective l January 20191,. Financsal Reporting Stsndard 102 'The Financial Reporting Standard
applKable in the UK and Republic of Ireland, and the Companies Act 2(K76. The financial statements
have been wepared under the historical cost convention. with the ex￿ptIon of investments which
are included at mèrket value. ès modified ty the revaluation of certain a55et5.
G￿n$ Concern
The trustees a&sess whether the use of going concern is appropriate i.e. whether there are any
material uncertainties related to events or condEr￿)n$ thai may cast significant doubt on the ability of
the company to continue as a going concern. The trustees make this assessment in respect of a
period of at least one year from the date of authorisation fo( issue of the financial statement5 and
have conclLKled that the charity has adequate resources to continue in operational existence for the
foreseeable future and there are no material uncertainties about the tharity's ability to continue as a
going concern, thus they continue to adopt the goi￿ concern basis of accounting in preparin8 the
financial statements.
Income
Ail income is recognised in the Ststement of Financial AciNities once the charity has entiilement to
the funds. it Is probable that ihe income will be receNed and the amount can be measured reliably.
Expendlture
Liablllties are recognised as expenditure as soon as there is a legal or constiuctive obligation
ommitting the charity to that expenditure. it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obli8atKJn can be measured reliably. Expenditure is
accounted for on an accruals basis arKI has been classified under headings that aggregate all cost
rdated to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to actiwties on a ba￿S conslstent with the use of ￿soUrCes.
Tanglble flxed assets
Depreciation is provthd at the folknwin8 annual rates in order to wrtte off each asset over its
e5timaled useful life.
Fixtures and fittin8S
Motor vehicles
at varyiThA rates on cost
Straighi Ilne over 4 years
All fixed a55ets are Initial￿ recorded at cost.
Tangible flxed assets costing more than £l.CrfXI are capitalised and included ai Cost including and
incldental expenses of acquisition.
Imiestment property
Investment property is shown at m05t recenl ¥a￿a￿n with changes in valuatfjon recognised within
the statement of financial a¢ttvit*s.
Page 17
continued...

V4hitehaven Trust Limit d
te5 to the Financial Statements- continLred
ar Ended 30 Se tember 2023
ACCOUNnNG POLK1ES. contlnued
Stock5
Stod(s are valued at the lower of cost and rÈt realisable value. after makin8 due allowance for
obsolete aThJ slow movin8 Ilems.
Taxailon
The charity is exempt from corporatlon tsx on It5 charitsble actlvitles.
Fund accountln8
Unrestricted can be used in accordance with the charitable objertives at the disuetion of the
tNstees.
Restricted funds can only be used for partKular restrirted purposes withir) the objects of the charity.
Restrictions arlse when specified by the donor or when fund5 are raised for particular resificted
purposes.
Further explanation of the nature and purpose of each fund 15 included in the notes to the financial
statements.
Pension costs and other port-retlrement beneflts
The charitable cornpany operate5 a defined contr+bution pension scheme. Contributions payable
to the charitable company's pensK)n Scheme are charged to the Statement of Financlal Activities in
the period to whKh they relate.
Investments
Investments are valued at mid-market value at the year-eNJ. Realised and unrealised gains or tOsse5
are credlted or charged to the re￿ntlund in the Statement of Flnancial Activities.
Flnanclal Instruments
Financial instruments are classified and accounted for. according to the substsn¢e of contrauual
arran8emenL a5 either fina￿la1 assets or financial liabilities.
DIXIATIONS AND LEGAaES
30.9.23
30.9.22
Donations
Legacies
44.326
455,719
30.160
102,214
Sc￿.045
132,374
Page 18
continued...

Whi
ehaven Trust
imit
Note
he Financial Statements- continued
Se
tember 202
WVE5TMENT INCOME
30.9.23
30.9.22
Rents received
Other fixed a55et invest- Fll
Deposit account interest
68,617
68,689
1701
12,4511
8.288
76.905
66,168
INCOME FROM CHARITA8LE ACTMTIES
30.9.23
30.9.22
ActNity
Nursi￿ Care Seryice5
Nurslng Care Services
41,158
24.934
CHARITABLE A￿1VITIEs COSTS
Support
Costs (see
note 61
Direct
Cosis
Totals
Nursing Care SeNicès
Governance costs
217,293
56.621
8.640
273,914
8,640
217.293
65,261
282,554
SUPPORT COSTS
Governanee
costs
Other
Totals
Nursing Care Service5
Governance costs
35,580
21.041
8,640
56,621
8.640
35,580
29.681
65.261
Page 19
continued...

Whitehaven Trust Limited
th Finan
temen
ntinued
mber2023
OTHER
30.9.23
30.9.22
Rate5 & Water
Light & Heat
ReE)airs & Maintenance
Insurance
Depreciation
Loss on sale of assets
Interest payable and similar charges
2.566
9.539
26.281
5,985
8,521
{15.9551
2.143
10.876
38,572
8,548
8,074
53.320
2.273
36,937
123,806
NET INCOMEIIEXPEMOITURE)
Net incomejlexpendlturel Is stated after Charg1￿(credItI￿8}.
30.9.23
30.9.22
AuditOfS' remunerat*)n
Depreciation- owned assets
Surplus/ldeficitl on (iistM)sal of fixed assets
8,640
8.521
115,9551
6,￿0
8,074
53,320
TRUSTEES, REMUNERATION At4D 8ENEFITS
Key Management Personnel
The total amount of employee benefits (ind￿1n8 eM￿0ver pension contributionsl received by key
management personnel for their ser¥ices to the charity was £65,05112022: £31,066).
Trustees. ￿penseS
During the year trustees were reimbursed travel and subsistence expenses totalling £898 12022:
£1,578). These all related to travel to boartl meetings and a COnfe￿nCe. Ai the year ernl the￿ were
no expenses due to trustees.
Page 20
continued...

Whit
n Trust
Notes to
he YearE
ncial
tat
men
ntin
r 2023
10. STAFF COSTS
30.9.23
30.9.22
Wa8e5 and salaries
Social security costs
Other pension costs
177,161
13.984
8,447
136.681
9.486
9.345
199.592
IS5,512
The average monthty number of employees during the Itar wa5 as follows:
30.9.23
30.9.22
Provision of care services- nursing
Management and adminislration
No employees received emolumenls ￿ excess of £60.(KK).
11. COMPARATIVES FOR THE STATEMENT OF FINANOAL ACTivmE5
Unrestricted Restricted
fuTh
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Dgnations and legacies
132.374
132,374
Charltable a(tivitles
Nur5in8 Care Service5
24,934
24,934
Investment incowne
Other Income
66.168
4.827
66,168
4,827
Total
228,303
228 303
EXPENDITURE ON
Charitable a¢ti¥itles
Nursin8 Care SeNices
Governance costs
212.577
212,577
Other
123.806
123,806
Total
342.383
342.383
Nei gainslllos5esl on investments
1154.6421
154,6421
Page 21
continued...

Whi
ehave
h FI￿anCial 5tatement5- continued
Year Ended 3
mber 2023
11. Cl￿pARATIVEs FOR THE STATEMENT OF FMNaAL AcfMTIES. contlnued
Unrestricted Restricted
fund
funds
Total
funds
NET INCOMEI(EXPENDITURE>
1268.7221
1268,7221
RECONCIUATION OF FUNDS
Total funds brought forward
4.4￿.453
4.4￿,453
TOTAL FUNDS CARRIED FORWARD
4.191.731
4,191,731
12. TANGIBLE RXED ASSErs
Fixtures
and
fittin8S
Motor
vehides
Totals
At l October 2022
Disposals
10.856
1.1061
28.393
39,249
11,1061
At 30 September 2023
9.750
28,393
38,143
DEPRECIATION
At l October 2022
Charge for yeaf
Eliminated on disposal
7.510
1.423
li.C611
7,098
7.098
14.608
8,521
1,0611
At 30 September 2023
7.872
14,196
22.068
NET BOOK VALUE
At 30 September 2023
1.878
14.197
16,075
At 30 September 2022
21.295
24,641
Page 22
continued...

Whitehaven T
ial Statements. c
r End@d 30 Se
t mber 2023
nued
for the Ye
13. FIXED A55ET INVESTMENTS
Listed
investment5
MARK￿ VALVE
At l October 2022
Additions
Revaluations
1,904,159
5CI),000
80,904
At 30 September 2023
2.485,063
NEf BOOK VALUE
At 30 September 2023
2,485,063
At 30 September 2022
1.9J4.159
Total FuNls Total Funds
Z023
2022
Llsted investments
UK Quoted fixed interest securities
UK Quoted Shares
Non-UK Fixed interest securifies
Non-UK Quoted Share5
201.049
421,250
369,519
862.380
139,352
401,626
160,579
598.593
1.905,127
I.3￿.150
Other Investments
Other UK Investments
UK &5h held as part of Portfol
376,593
203,344
457,661
146.348
579.937
604,C#J9
2,485,063
1,904,159
The IKsok cost of investments held at 30 September 2023 is £2,345,86812022=£1,813,1771.
The investments are managed by a professitinèl irnvestment manager arKI rep￿Sent monies invested
dirertly on a recognised UK stock exchange.
Page 23
continued...

Whi
Tr
t Limited
he Financial Statements-
ed30Se
mber 202
tin
for the Y
14. INVESTMENT PROPERTY
FAIR VALUE
At l October 2022
Revaluat#)n
1.620,(U)
(79,6055
At 30September 2023
1,540395
NET BOOK VALUE
At 30 September 2023
1.540.395
At 30 September 2022
1,620,CMXI
Fair value at 30 September 2023 is represented ty-
Valuation in 2023
ValuatKJn in 2022
179,6051
1.620,(
1,540.395
The investment property consi5tinB of 28 and 30 Northumbria Oriye were revalued to £950.1￿ and
£590.0￿ respectfvety followin8 an open market value carried out by CJ Hple durin8 the year.
15. STOCK5
30.9.23
30.9.22
Stocks
1.302
1,302
16. DEBTORS". AMOUNTS FAWNG DUE wrrHIN ONE YEAR
30.9.23
30.9.22
Trade debtors
P￿Pa￿nent$ and accrued income
5,665
7.790
IC6,403
13.455
I￿,403
Accrued income of ÉNil (2022= £I￿,L￿[l} has been accounted for at the end of the year. In 2022 this
was money received from the esiète of Richard Heslin& The Trust was informed of the legacy
amount shortly before the year end but the funds were receNed post year end.
Page 24
continued..-

Whiteh
nTr
Limited
N t to the Finan ial Statement
for the Y
r Ended 30
mber
Inued
17. CREDITORS: AMOUNT5 FALUNG DUE MTHIN ONE YEAR
30.9.23
30.9.22
Social security and other taxes
other creditors
4,422
29.566
4,658
41.053
33,988
45,711
MOVEMENT IN FUNDS
Transfers
between
funds
At
1.10.22
m¢)vement
in funds
At
30.9.23
Unrestricted lunds
General fund
4.191.731
285.415
10.142
4.487,288
Restrfded funds
The Westminster Fund
14.502
110.1421
4,360
TOTAL FUNDS
4,191,731
299.917
4,491.648
Net movement in lunds. included in the above ère as follows:
Incoming
resources
Resources
expended
Gains and
105ses
Movement
in funds
Unrestrlrted fvnds
General fund
598.IO8
1313,9931
1.31X¢
285.415
Restrlrted funds
The Westminsier Fund
20,(KX)
15,4981
14,502
TOTAL RINDS
618.108
319.491)
299,917
Page 25
continued...

Whitehaven Trust Limi
Note
h Finan
rEn
ial Stat
ments- contlnu
Ose
tem
er
18. MOVEMENT IN FUN05. MThtlnued
Comparatl¥es for movernenl sn fvnds
Net
movement
In funds
At
1.10.21
At
30.9.22
Vnrestrirted funds
General fund
4.460.453
1268.722
4,191,731
TOTAL FUNDS
4A60.453
1268.7221 4.191,731
Comparative net movement in funds. included in the above are as folk)ws:
Incomir*
resour￿$
Resources
expended
Gains and
losses
Movement
In funds
Unrestrfrted funds
General fund
228.303
1342,383}
1154,6421 1268,7221
TOTAL WJNDS
228,303
(342,3831
1154.6421
1268.7221
Transfers between fund5
The transfer of funds duri￿ the year represents restricted funds donated to pay for fixed asset5 that
had previously been purchased. As such. the restriction is deemed to be satisfied on purchase of the
assets and transferred accordlngty to unrestricted funds.
19. RELATEO PARTY DISCLOSURES
There were no related party transactions in the year12022= Nil}.
Page 26
contlnued...

Whlt
Tr
h Financi
Year
tementS- C
ntinued
r 2023
20. COMPANY LIMITED BY GUARANTEE
The guarantee of the 25 member5 ofthe company at 30 Septembei 2023 was a nominal amount of
Él each.
Page 27