REGISTERED COMPANY NUMBER.. IJ0398716 IEngland and Wales) REGISTERED CHARITY NUM8eR: 216064 Financl I ar Ended 30 S 2024
Whltehaven Twust Content8 olthe Finan¢ial Stateme for the Year Ended 30 Se tember 2024 R•port of thè Trugte¢$ 1 to 5 R•port ofth• IndeF4ndentAudito 8 to 7 stst•ment of Finanelal Aetlvltiti# lance SI Cojh Flow St4t8m•nt 10 N¢)tss to thg Ca#h Flow Statem•nt Ntstsl to tho Flnandal Statom•nl• 12 to 19
Whit8haven T Llmiied rtofthèT for the Year Erlded 30 Se ember The tru51ees who artt also direclors of the charity for the purposes of the Companie$ Art 26, prtseftt th6ir report with Ihe financial ststements ol the Charity for Ih8 year 8nded 30 September 2024. The trustees have adopt thE provisions of Accountlng and Reporting by Charilies." Statem8nl of RerJ)rnm&Kled Ptactice alCab]e to rharili8s preparing their accounts In accorda with the Flnancial Reportiry Standard ap[4ablts in the UK and Republic of Ireland (FRS 102) leffe¢t6ve 1 January 20191. OBJECTIVES AND ACTIVITIES Obj?¢tlve¥ and alms The obj8cts ofth8 chariiy as set out In the Arbcles ofAS80L¥ fteha¥en Tmst Ud daied 20 September 1945 and r¢gUlar revW are: o reliov• ngod by Providing Gare eon8i$t•nt wlth th• pra¢tl¢8• and teaChIn of Chrfstlan Sciencg. a8 98t out in th& writing8 of Mary Baker Eddy. whl¢h may In partlcular Include: a Christian Scièneè nursing facility., Chrlstlan S¢ienc8 nurslng In tho homg,. r051derttlal a¢¢ommodation'. asststsrt¢e and support. and financkql a8815tanca for thos? who are unable to pay for services prcvlded by th¢ Charity. To advanco 0du¢atlon by provldlng andlor fundSng trainlng In Chrl¥tian S¢lènc• nurslng as 8gt out in the wr6tlngs of Mary Baknr Eddy." $Sgnlflcant activltle• The Yrusl (#Jrrentty provhles Christian srieW NuBir¥ care 8eNTh6 tIMrJugh the Visiluig Chdstion S¢6ènc6 Nursing s$TrI (VCSNSI ba8ed In 8rlstd. England for pAbeThts in thwr own home. Thls seNice 18 perniitted to operat• England only, undèr Cara Qthality Ccxmmissicffi regulallws. The setyice m¥ operate in W8185 if the provision of caro aNI $upport b to Ir or fr 1ndN1d at any ong Um¢ this y•ar we have re8pondgd to on? ¢811 In Ihal region. Any Indlvldwl Inlor•8lud In I•¢j h•8llro through Chrf8lton Sd•nce may appty to U8e our Vislurg ChrfstéAn Sdon¢• Nur3lng S¢rvice IV¢SNSI in ErvJland. prowth9 they ar• workwio wlth a Chri8tign Suence listed In the current gdllon of Tho Chrisuan Sdence Journal and are f•Thj soiety on prayer In ChrtsiiaTr Sdenco #s tholronly mean8 otlrsatment for heallng. hitahaveTh Trust took on an addStKJnal Journo1-li¥ted chran SL)ee nwse lor a pericJ 0112 months on a part-Ilme basli to help wilh covering calls from pahents In Ihe rth of Engknd. In Ihe Sprng o12ry24, th81 wntract was 8xtended to fvlk lkne for a period o15ix month$ to Cover m8terW leave. Continu9d outr•ach talks look rdxo At WAral riirr.hp% fmfft Afxr )nrth A8 fiimhriA. riohl down tts Exètèr and we have been seelng CA)nued intereBt ITh our a•Ice and new Cal not5usl Irrrtn Ihw r8quethg Chri6lian S08n nurslng. but al80 from those Inlerested In brn1g Chnsllan SLienr2 nufses. In the 6urNnBr of 2024, we r{y11¢d Ihrge naw Irhln•è Chri8tlan Sdenc8 nurse8 wlh thelr $mpbymtnl and tralnkng scheduled for October. In tlme. IhSs will make thè 5ervl¢è even more available lo thosè r•lwNd on Chrisoan Sdence for hgallng. meanlNJ wo eaft pond to mor8 118. 8nd provKle mre In-deplh ear• rfn¥ed8d. The VCSNS ha$ been in¥ofvad with mentorir¥3 0 Student n their fin81 year of training- currently workhig 8t Llme T House, a Christian Science nurs¢rvJ lIty in Cheshire. MenloTVV has al80 b88n provided lo Christian Stygnca nurso ts8lnee8 from South Africa who havè eNne lo the UK for fvjrfher •xpeiknc. SFendlng Ilme at Um• fm Hou8• and some time w#h lh¢ VQSNS ¥119 palients their homes. Publle benefft In rewewing the Tru81'8 aims oblectives the bwslees hav8 Teferrwj to Ihe gi•donc8 on pubuc bènèfrt which h88 been provided by the Charity Commi$$l¢n In bolh Ihe general gu9 8nd in the spetific lde to fee<har9g chatib8S. P8tlents of the Visltin9 Chri¥ban se IVCSNSI srè is¥u8d wtth a Statement of Cost fw tha saN provided lothem. Statements of Cost issued lo palts ofthe Visitin9 Chrislian swi NuNng Service are Calted to recover onty the dir8Ct Ume spent with the p8tient by the Chrislian Suence rw8e. togelher with the assooal8d traVellg ¢osls. The full e¢sts of the care, including rnaTwgemenl and adM1rdstraOD costs. not (yJvered by th8 Stalernent of Cost. If patienfs ar¢ unable to afford the lull co1bU to Ihe Statemenl of Cost Irryn Iheir own resources. they are encouraged to apply for assistan from the Aid lund for Christran Suenttsts li Ne&J of C0 provlded Ihey compty with the financial crilerta laks dcm by the AKI Fund. The TrnBI rnay givè bwwoknce to palients who ar8 not Èble to meel the Statement of Co from th&r own rewurces, the Aid Fund or any other granl.makiry t. In(&¥Nluais are made aware Of p)Yry gach time they wntribute to the st5 of Ihelr ca.
Whtteha¥Èn TnBt Llm rt of the Trtt5tees Year Ended 30 ber 2024 for STRATEGIC REPORT Achievement at)d perfornian¢è Achlèvement and perfoTmanc8- Vtsftlng ehrtotlan S¢l•ne8 Nurslng 8•r¥l¢e hitehaven Trust Ltd continues to prov¥Je C}$118 scler NuFBiro Care seNkes for patients kn thalr own home through the Witing Christian ¥ce Nw5wig SerKe (VCSNSI. Thts h85 been operating $inc& August 2016 from an office at Ced8r House, 28 Nothumbria Drjve. H4nl8az¢. Brth. These PTenNses w)d thè VCSNS 8arvice are registered wilh Th8 Care Quajity Commi%sion ICQCI. HavlrrfJ tsk¢n on adthsonal Chrtian Sdenc8 mY8es. we have tn 8vali abte to provid? more eare than wè have done In th8 past elghl y¢ars sincè Whitshaven started its VCSNS. Income frpm the VCSNS was almost double than we budgeted du8 to the hvJh dEm8nd lor our servics. the fiath.lty of ow staff. we were obkn to meel th8 nee(Is ol Chrlsdan Sdenttst$ a¢ro88 the coth 8n(I prode th8 rSsary hours of chstIan SdenL nuryng care. Mthtt¢h8ven Trust h?s al80 invested in the recnjltmwl and trainlng of Christian Sc48nGe nur¥98 in Ihe UK, ernployln9 l¥vel 3 train08 Chri8tran Soen¢e nw8e at the st#rt of this repjting period. and then three rngre Iralnee Chrl6tian Sdene8 nurs8S towards the end of this roporbng p8ric#Y, ¥0 of whom Ir¥e in Ihe Greater LoJKlcffl arga whlch is eurrènUy where th highest demand for our setvu 18. Achlw•ment and Porfoman¢è- Summary Vvhllehawn Tw8t contiftués lo have o co-operative rdalitifthlp 1h the Care Quality Commbwon IEngl8nd>. All Inspectlon résult8 are av8tlablt on the CQC website and on w¥¥w.whilehaventrust.¢o.uk. The Msltlng ChrisU8n Sd•rt¢e Nur60 SeNke ha8 a Ctifcats of Acc¥editalkn with th& Ce4nMl80n for thè AcGwdttallon DI Clvl$Wan Sd•nv Nurslrg Organtw1tse5 In&. USA 1$ valhy unlu JUEY 202e. A¢tlvltlgJ The AGM was held onmna on 141h May Trustse meetiry have been held Onl and In pèrson 0Tr 81t•rnat• months. W)ilèh#ven appointed three new IraineeB durfno Ihis finAnrial porkMI And mn11rni to •LlPPOrt lh• trahlng 01 Chris118n nurse¥ in other are8$ ofthe UK and South Alrica. A new property rn¥na9ement with 81and8rds nb)re dosety agned lo ours wwe aFwnl8d 2024, tasked wllh man8Glng Ihe 8even fiats whith provlde regulai inoyne thrtehaw Trust. Flnonclal r•vl•w Fln8nclal posltlon As of 30 September 2024. the Larrty had knds tsf £4.7th of wllth were r8sffict•d. A66ets totallkn9 £1.S2m aro dudgd wrthin funds that would not be realmbk without the salè of inveslmet)t properties. Cash of £D.40rn along with ¢ash held in thè inveslrnent portrolio of £0.087rn provides suffiryent Iw41idity for thg tlU8tees to b8 ablè to wude that Ihe resefft5 8vallabl& will be 8uffloent to LW any slK1 to medlum lemi cash requirements, and Ihal on thls basis tho charlly Is a going concern. Our investment prowt9 Seen a reduction in their valua fr0rn £1.54m in 2023, to £1.52m in Sèptember 2024. nel incomèfor Ihe pe £226,C66. Whltehav&n Trust- Reglst8r•d office 28 Northumbria Drfve, 8rf5t, BS9 4HP Investm¥nt Propertlos Whitehaven Trust Ltd continues to let seven flats at market renis to 18188 revenue for the Trusvs r*arilabb activttles. They are Icotèd at 28rJo Nothumt¥ia Driv< BFistrA BS9 4HP. they are ajrrenly valLd at £1.52m. Investment pollcy 4nd objecti¥es All investments held have been wuir•J in ?ordan 7hith the Trusfs sy7AErs', they are managgd by our ptytfrAo managers al Investec to pr¢)vide a rniKlur8 of cathl gr[ and Micome. Investments are made onty in tmse areas of Ihe market that are wt involved witt) armaments, tobacco, or altsJlK4. The investments are revwed iegulady by Ihe CEO with the portfol manwr, ar T1$ meet with Inv•stec at least onc8 a year to mormtor tho manag¢menl of1tehaveTr portfdm). ReseNts pojlcy The reserves fund and the policy on resms continue to kept under dose rewew. The trustees. airn 1$ to m&intsin unrestrirled reseNe5 8t 8 level Sti8n1 to cow a yearfs wftrwng costs. Our &Ve$ cwrenty exceed the £394.000 gxpendilure budgeted for 2023r24, ofving trustees Ihe filrty to bring fOard speThYiro on addibonaT Christian Sthen nursing staff as oullined in the fLtbllre pkns secaon bdow.
ofth8T Yoar Ended 30 2024 STRATEGIC REPORT Rlsk Assessrnent and Managemerrt The Truste88 undertake an annual Rlsk Identtfi¢alkJn Management Assessment wNch oJns¥Jer8 fv8 maln c&tegorSes of ri8k.' govemal and Mar>anL operats"onal. Fknial. extemal and C)pl18n law and regulatrons. FIMn¢lal and rlBk managernent Obje1v armj pollck8 Thère is no significsnl pri¢0 or credit in ielation to the tharitable activJb"¢s. The investrnent porlfolio is sut¥ect lo prlce and credit risk, but Ihis ts managed in line wth the irN8Stment poly to ensure a bakmced portfolio. There was no t9r8sI rale risk In tho year as no moni8s were botrowed. LFwdity and cash flThv Itsk are Monitod. C8sh 8nd l#]uid assets are rnaintain8d al a level to ensur8 comphance wlth Ihe reserve6 Oiq. The Trustees conlinue to revtew all aspects of the Trusfs operalrons at (h monlhty meetings, induding Ihe budw and monthty management acLounts, and to revi the Risk Assassmenl and Flnarxlal Procedure$ annually. Futuro plans Qur Wisiling Christian Nurskng S•Nice (domKdiary ca) 11 Djnlinue to wovide carg in England and1Smllad rA¥e In Wale$ {up lo no mor• th#n fgur palnts at any timel. Trustees are fw8ed cm expanding th1$ prgvislon for pat(•nts who want Chrisliarn Scben¢g nursing care by supportu)g and tralIj our ClvlslLqn S¢ince nurse8. The tru51 18 1¢9kin9 al different ways ol ¥mploying kndy qualif¢ed Chrisban StyefKe nurses on elIr a part timg orlull-tlme b851510 c¢wrwork and 6w)ort th• rrthorfwd oftrnees. The Trust continues to r¢view ITalnlng pwrammes kjr Chiithn s• Nur8lrvJ trw"n¢85 from J)olh the UK and abroad to inrxe88e the availabillty ol staff io ourcharilabl8 xbvllS¢8. Wa also conllnue lo communi¢8le with the Cbristian Science CJTrThnun6ty about the work of thrt¢h$v¥n TTU8t Ltd arid to prornotg the work of Chri81i¥n Srience nums. A newslettef wll out and rKre talks to Christian Srienc8 Ch[[h&S and 8ocleti8$ w1 lake place wrth arher survey of Chri8tkgn scéen pradthners lo fdlow in order lo gauge th• Improvament In understandlnu ol Chr56tkpn St40n¢o nursiry in the UK fidd. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveman¢• Whilehaven Tru$1 Ltd Is a T8gk8tered charfjty, numljer 21Pkn4. 11 Is af80 a (tffipany under the Compan1¢$ t•, n¥mbor C718 liiiili¥d by yuur¥ntee aryj rwJi haVg a 8nwe c4pnai. 08 d¢fin•d by the Lotryrn6s A¢t It Is govemed by a M•morondum and Arfcl8s ofAs$oc4atKl8st revised 21 January 2011. Member5hlp of the comp8ny ts re¥trithd to mbe 01 Th8 FSrst Church ol Chrisl. Sciantbt, in 8ostoTh, Massachu¥gtt8, USA who oro students of an authohsed 18xher ol Christian Stsefft. Cornpww membe are appolnled by In18th)n on 8 r•gular b8815. 8tructurè Whitehaven Tvust Umiled Is affiliated to thè Assodthn of Chrtstian So Nurnlng and Is accditOd by The Comm1&8ion for A¢ditatIOn of Chrislan Sdsneè Nurslno organi8at1onF8C41rtlas Inc. in the USA whid) gets the standards for Christian SCIece NursirvJ. The Visiting Chrt$ltan Sdence Sowvice NCSNS) is rnOsttr•d with Ihe Care Quafty Comrnis*•n ICQCI England. Management The Trustees who are also direciors of thg charity IOT the purposes of the com Ad 20Cffj. are 8Fp)inled by Company Mernb8r8 at the Annual Gengral Meetiro. They meet monthly an(J take all decisions pertainiry to matters of and dl¥edion. They delegate the day io day ruming of the charpty to the CEOICompany Seelary. and the slung Chri5118n scjen Nurslng Managw. New Trustees recefve an induction covering lh6 main areas ol Ihe syganisatlon and their resrK)nsibilrfies as Tee8 in acuJrdaKe wth gui¢Jm from the Charty Comrnission. They vrill also be sent on regular appropriate IF8iniTrJ courses as reqLMr•d. The CEOIComFAny SecselarylNomlnateEI IndVIdUal wdl update Trustees on Changes In regu1$ èrKJ the law. The m8mb8rs of the Boafd ofTrustees swved tPwouGth¢>Jtlhe year setout tse14. REFERENCE AND ADMINISTRAMVE DAlL8 Re9lstered ¢Dmp3ny numb 00398716 (England and Wdlesl
Itelwen TTUSt Llmited ort of the TrusteÈs Year Ended 30 Se ember 2024 Registered Charfty number 218 Registered otFIc Cedar House 28 Northumbria Bdstol Bsg 4HP Tnwtsg¥ L Huxford Rellred Director E A Wilson Tèacher V M Nètdham Rr attuntantlbookk•eper A F J Mclntyr8 Trl M Haughlon Rar1d J R Slnclair R8Or8d Audltor4 SumerAudltco Ltd Stattery Audilors 30 Gay Slre&t Bath Sorn¢r¥¥l BA12PA Sollcltor• Slone Kin9 LLP Upper Borough COL Upptr Borough Wals Bath BA1 1RG Brok•rn Investec Stockbroker8 nd Fund M$nager 3T8rnp Quay 3 Temple Back E Redcllffe Bristol BS16DZ Bankers CAF Bank LimittyJ 25 Kings klill Aven Kings Hill West M8lliNJ E194JQ STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the dire¢lors of llehaVen Trtl Limiied fiv Ihe purw8es of company lawl are responslble for preparing Ihe Report ol tho fwstees and Ihe financial statemwts in accordare ¥th apF4icable law and Unled Klngdom Accounting Standards <UTrited norn GereraNyAc(ed Ac(rrtJnDng Prnd¢el. CnpanY law requi$ the tnFstees to F¥epare fun87 statements ts each fina year vthich i¥ve a and falr vlew of the state of affairs ol the charttable Company 8nd of the irtoming resour$ and applirAtion of resources, ircluding the income and expenditure. of the cFwtable comp&ry for that period. In preparing Ihose finandal statemenis, the tmstees are r8qulrnd to ¥elect suitable acc(yJntry pol and then appty thern 51stlly. obsewethe melhods and the Challty SORP", makejudgemenb and estimate5 that are reasonable arKI Pfwjert slate whether applicable accounjtng standards have follrywed. $trt¥ect to ary materi8[ departures disd08ed and expL4irEed in the financial statemènts.. pr8pare the financiab statements cffj the goirMJ concern basis unkns li ts llwpproptsiste to presume that the tharitable ¢ompany Nwll c(¥rtinue in bu&ness.
Whitehaven ntst Limited Re ort of the Tntstees forthe Y r Ended 30 ber 202 STATEMENT OF TRUSTEES, RESPONSIBJUTEES- continued The tnJ8lees are responsible for keeping prOr aCcthg records wTrCh tthsdose with rea50nab]e awraGy at any lime Ihe finarKial position of the ¢haritablg (yjrnpany an¢J to enthe them to enre tIt the financial statements comF with the Companies Ad 2(Kfj. They are 8150 re8Fxywble for Sateja[Ing the assets ofthe ¢haritabJe OYryMfky and honc& for taking reasonabl atsps for the prevention and deleth.on of fraud a1 olheT irregElaritsèa. In 80 far as tha tru¥te08 are aware.. there ig no rdwant audit Infom)gtioA of the cknaritaÈ4• c•nfs audilor5 aro Lmaware" and Ihe I$tee5 have tsken 1 steps that they ought to have t8kon to make Ihemsekns aware of r•levanl aud information and tQ &8taNish thatthè Auditors are aware of that infomiajbon. AUDITORS Tho 8&11ors, Sumèr Auditco Ltd, wlll i txoposed frx re-4)poinlment at Ihe fOrthfig Annual General Meeting. Report of the tru$t diteciors, on.... .. 8. incoJporallNJ a strategk rewl, approved ty order of thé board of truste, 88 the eDmp8ny IE-fzlLs................... and Bigne(l on lh• bthdfby.. E A W160n- Trustso
to the Truste•s of Whitehaven Trust Limited Oplnlon We have 8urthed lh8 financi slalements of Whitehaven Tntst Lmited {the '¢haritable trjmpany? for tre year ended 30 Sepleffib8r 2024 whith comwkse the Statement of FinaTrcl Ad¢W$. Ihe Ba[e She8t, the Cash Fk)w Statement and notes to the fiftandal statemen indudng a summary of Snt 8ccounting litIeS. The finan¢ial reporting framework that has been applied in their preparation is applcable law and Unrted Kingdom Awountiw Stsnd3rd$ (Unrted Kingdom Genernlly Accepled AUnt9 Prth). lrn our cpinion th¢ ffinonrwl atsments'. a true and lair vlew of the state of the charfiable (paIS affaiT5 as al 30 Seplemter 2024 and of it8 incomi resources and applicatn of resourcs, including its income and expenditure. for the year then ended,. hove been pr¢perfy ppared in acurd8r with Untied Kingdom Generally ACpIed AccwnllrvJ Pratha., and hav? been PTepaTed in a¢cordan¢8 7Mth lh• tsquir•ment$ ol thè Companies Act 2(KJ6. Ba818 foropinion We condwjed our audit in wilh Intemational Standards Auditlng IUIQ (ISA¥ IUTq} and oppllcaUe law. Our resPUn8ibililies under thos8 8tand8rds 8r8 furthér d8suibed in th& Au¢knrs' res5)onsibililies for tho audlt of the fin8nelal 8tst8menls section of our reporL e ind8Fendtnt of the d)aritat4e company in OordS[ wtth thè athlcal quirements that ara rtrant to audrt of the finanod ststement8 in Ihe UK. induding Ihe FRC'5 Elhlcal Standard, and we have fvlfilled Dur other ethlc81 resp"bI"t in aco)rdance with Ihe88 r8qulf8rnts. We believe that the audll évidencè wè have oblalnod is sufnaent apwwlate to FYovJe a b8ws forour opinion. Concluslons r•latlng to golng concem In auditing the finanaal statemenis, we have conduded that the InMt¢¢¥' uae ol thè gotrw concern basls Gf a(yx)unllng In the preparation ol fv finawal 8lalemenls is appropriate. Based on the WOTk he perfomwd. we have not Identff any m8t8fOo1 unc8rtalntles relatkng to eventg or condltlon8 that, Individuaw or ¢olle¢lple. may cast $nrfanl doubl on the charitat cximpany's abS1ity lo cijnlinug a$ a golr¥J rKem for a p¢riod of at least )nthS from whm the ffinarKial statements are auth0ri80d for issuè. Our responsibllltb? Bnd Iho of Inj$t with r8spKt to 90iw arg dgsuib¢d In th• wlgvant $e¢bons ofthSs report. othor Infomiatlon Tli¥ li51¢¢# 41¥ Iwépuri¥5bl¥ fui Vi¥ ulliw Iiifuiiiittiml. Tlity Llli uifo¢inthlioi) lJIn$S Ihe Iiiform•licr InGluded sn th¢ Annual Report. 0th8r th8ri the ffinancA statem8nls and ow Report ofth& IndÈFendent Auditors Ihereon. Our opiThon th• finandd 8tat•menls dces not cv•er the olher Informobrm d. oxcpl to tha ent 01h688 expti&ty stst•d in our report, do not expiess 8ny loffli Ofa88Ur lh¥e. In eonfiection our akMt of the finandal ststements, our responsibilty is lo read Ihè othar infDm)ation and, In dolng so, consider whether the other brfomiatkn 18 materialty Inconsistent with thè fin8nciAI $18tements or our krledge obtained In the audt or olherwk%e appears lo be rnaterialty misstated. If w¢ identify such materlal inconslstendeg or opparènl rnatèdal nl$slètementi, are reqtyfed to detwnlne wtrther tNs ge5 rise t0 8 rn818rial rnlsst8tement in the finan¢ial atataments th8msalvès. If. based on thè work wa Itave perfmed, we condude that there 19 a materS81 rni$$tatèrn$nl ol this othar inlormatN)n, we are requi1 to repcKI Ihat facl. We h8ve rolhino l¢ ffjport in thls r•gard. Matters on whlch we are required to report by exceptton We have nothing to pOrt in respect of following mattets &re the Charilles (Accowts and R¥portsl R¢gul8llon$ 2008 requires us to report to you if. in our wnion.. the informaliDn gvan in Report of Ihe Tntstees Is irtortsi8tent kn any [ltell r8specl wth th8 fin8nrial st8lem¢nts.' or ttta ch8rftalAe company has noi kept adequat• lUnt1j rwc¥th; Ihe finan¢081 stslements are not in agreement th8 accounting records and retums., or we have not reiVed all the HFformalton exF4anations we require for our audit. Rèyponsiknlities oftrugtè#s As exl8ined rn0 fully in the Statent of Trustees. ReSponbIlle$. the truslees (who are a150 the tJirECtors of the charitable company for the purposes of company lawl a responsitle forthe wep8ratioTh ol the financlal statallents and for being satisfied that they give a true and faVw, and fot intemal o)ntrol 88 the trust80s d8temine is necessary to ernable the prepar3tiOFI of ffinarcial Stat}en(l1 are freefrom Ma81 mi6slatem¢rt wheth?r due to fraud or èrror. In wep8ring Ihe finanryal statements, Ehe Injslees are responsib for 8ssb5sing the Charitab company's ability to continue as a concem, dthing, 8s appIiG8tAe, matters relaled to going conrn and using the wing con¢em basi5 of accounting unless the tnJ5tues efther intwd to Iq(4date charitatle company or to ase operatior, or havè no lIStiC alternative bul ¢0 do so.
rt of th8 Inde Audltots to Whitehaven T mited Our responsibllfttes for the audfjt ol the financlal statements have b8en appointed a8 aittfrtOFS urthr Se¢tion 144 ollh8 Charibes Act 2011 and rep)rt In aco)rdancE wilh the Act and rel&wdnt regulations rnadg or effEd thereunder. Our obi¥ctNe$ to obtain rea$¢al &88waThx alK#rt ether the firtantal staternents as a whole ar8 free from mat¢rial Misstatement, wther due to fraud or ermr, a)d to tssue a Report of the Independent Auditors thal indud85 our opinion. Reasonable arance is a high 18vel of a$surar. bErt is not a guaranle& Ihat an audit conducted in 8¢eord#nce with ISAS IUK) wi0 ah¥ays detect a rnatwial misslatemeni when it exL8ts. MsSStalernents can arise from fraud or error and ar8 n$[rtered material if. diVIdUa or in Ihe aggregate, Ihey coukl reasonabty be oxpe¢ted to influenee the econom deci8ions of uws tsken on the lJa5F ofthe8e finaal Statemts. The tgnt lowhlch our prrtedure6 are pab oldeIng 1rwuLwe¥, L datsibd belw.. Explanation ag to what •xtent the autht was COrldered ¢apabt• of detg¢tlng EryegaTfi8s, Includln9 frnud The obl8cllve8 of our audit in resperl of fraud. ar¢.. lo wlenbfy and assess the risks of material rnisslatement of the financial slaternents due to Iu.. lo oblw Sufft appropriate audit evidfrn regarding the 85se558d risks of materI81 misstaltrment due to fraud, through deSno and inementing appropriate responses to Ise assessed risks., and to respond approprf8tely lo instan¢e8 gf fraud or suspected fraud idtrf duritvJ the audrt. Hgwever, the prfm&ry respon611ty lor the prevenlk#) #rnj deteckn ul Ird both M8M9nI and lts)se cknarged govemane• of the company. Our approgeh was 88 fdJM.' We obtalned an understandlng Of le9818nd rnyuthy requlrements applltth k• Ihe c4)mpany and wdered that th& most SnIfInt aro th8 Ctynparyes Act 2Cth. Ch#rfb¢sAd 2011. UK Filw ReForrd Standard$ and UK taxauon Ioglslatlon. We obtaln8d an under81andlng of rAxnpaThy o)nW8 wlh th98e fetyrerbts ty th6olOn& wlth monagemenl and thosè eh•rged wilh govem8no. We assessad lh l¥k of material misstalement ol lh& finAnryal staterr. incJdhg the iisk of mated81 mls8tat•ment due lo fraud and how il mlght occur, by hglding diK#J561onswith manogemenl and thosè d)or9ed with sovom•nrn. We Inqulred of man8gamènt and those Charg wNh gMmanc• as to •ny known inance8 of nM.cornpllaw 6u$pectgd noTh0rrlan¢e with laws and Teguialion$. Ba39d on th6 un¢J8rslandinq. wd d881gned sp&if approprfale audit procdure8 to thntify Instar tsf nonpwnpllanca wSth L4ws and rsgulalons. Th18 indudod maklryJ quIth c4 and th088 chargod wlth govem8nca and obtsinlng addition81 rrotra11 evld8nt• as rwyired. A further dagcdption ot our respork81bilitw Ihe ofthe $taemerd8 b b)cated un th• FIndl ReFQtWng Coundl8 w8bslts * W¥V.frC.1)yg.Vk1adftOrQ8ponsII8S. Thls descrip1k forns part ofour Rwrt oflhe Indep8nd&nt Auditor8. U8• of our r•port Thls report Is made sdefy to the d)arfiablè wmpanls trustees, as a bo, in awordance with Part 4 of the Charftl85 {A¢wunls and R8portsl Regulations 2(Th. Our aurfrt work has be uTrJertak?n $0 th8t we mlghl stat• to the eh8ritable ¢ompany'8 trustees those matters we are re4uir6d to 518te fo Ihem in an alIOrs. report and for no olher purpo58. To the fullest extent pem)ltted by law, we 110 not gcctpt or as¥urno respon8itylity to 8nyone other than the charitable company 8nd the chadtable company's trustees as a boty. lof auditwork. for this rewt. or for the opinlons we have fomied. for and on behalf of SLmtrAudilco Ltd Statutory Auditors Ellgible to act 88 an aL&4ilor in tern of Sth 121Z ofthe C(rfnparoe8 Aca 2C( 30 Gay Street eath Somerset BA12PA
ave Tt Limited tat8ment of Frnancial A¢ttvl forlhe Year Ended 30 Se tember 2024 21rd4 Tot81 2023 Tot81 fiJnd5 Unt&stricbJ Restrl fund fund$ INCOME AND ENOOWMENTS FROM Oonatlons and tegacles 208. 2W406 500,045 charitable activitles Nursirra Carg SeMc68 114.203 114,203 41,158 Investment inojmè 114.698 114698 Totsl 437.307 437 307 818,108 EXPENDITURE ON Charltable acUviti Nur8ir¢g Care SeNic85 Governan costs 357,733 3F2.093 040 273.914 8,640 Othgr 4S,7 Total 411479 415 839 319.491 Net gakns IrNeJlments NET INCOMEIIEXPENDITUREI 14.3 226.066 299,917 RECONCIUATION OF FUNDS Total funds brought foN48rd 4.487288 4,491,648 4,191,731 TOTAL FUNDS CARRIED FORWARD 4 717 714 4717714 4 491848
Tft Ll Bala ce Sheet 30 Se te ber unrest1 Re5fri(aed fund 2024 Totsl 2023 Tot FIXED ASSErs Tangible assets Investments Investrnents Inveslment property 12 11.277 11,277 16,075 13 14 1753. 1.520.CKXI 2.753.396 2,485,C63 1540,395 4284.873 4.284.673 4,041.533 CURRENfASSEf8 Stocks Oebtgrs Cash at bar 16 71.572 1,302 13,455 71.572 468,977 46B,977 484,103 CREDITORS Amounts falling due vAthln ong yaar 17 135.9361 133,9881 NET CURRENT ASSErs 433,041 TOTAL ASSETS LE88 CURRENT LIA8IUTIES 4,717.714 4,717,714 4.491,648 NET ASSETS 4 717.714 4717714 4 491,848 FUNDS Unre¥trtct8d fund8 Re8trkled funds 18 4,717.714 4,487,288 TOTAL FUNDS 4717714 The ehadtable company 1$ enliued to exempkn fmm autht Lmder 477 of the Cornpthoty Act 26 for the y¥8r ended 30 S&plember2024. The mamber5 nol dapo8Sted nolc•. pursvAnt lo St¢kn 476 of Ihe CryanleJ AGI 2CW requ9 an 8ud6t oflhoi? financial stat¢menls. Th• tru•toea r88rKJMbintss for (al ensuring thal Ihe charfl•ble ccMpany k•ep8 0(X4Junting records that compty wiu) Secboft$ 386 and 387 01 Ihg CompaThes Act 2006 and pparIng Inancial stslements vthith gi¥e a true and fair view of the 518te of affaSr5 of Ihe charltable company a8 at the end of each financial year and ol its suwus or defiot for 98cI) finaDc(al year In 8ccord8nce with the qwremenls of Sèdions 394 395 and otherw eornpty with the requinnents ofthe Companies Acl 2006 rejating to finarri slatements, so fw as applicab to the charitab Company. These financial statements havB been under the ofSecon 145 ofthè Charititis Aet 2011. (b) The fnarncial stslemenls were appr(ryed ty Boord of Truslees and auth0ri8&J fvr Issue on were S5ed on it8 behaff ty.. E A IIWilson- Trustee
aven Tntst Llmtte Cash Flow Staternent fLYth8Y Ende 30Se r 2024 2024 2023 Notes C¥$h flows frryn op•ratlng activi•$ C88h geneTatèd from operntYJns 364,121 Net cash (used inyprovthd by operallThJ 393 384,121 Cash flow8 from Investlng activltk Purchase of tangibb fixed 8S8et6 Purchase of fixed •ss8t Inv¢stmerts Purchase of [nvestnI prop•rty Sale of18ngible fixed as6ets Intere81 roceived 15.$42) {5C().0001 143.3411 16,000 Net cash usod In inv8sUng athvhSgs 475 712 Chang• in ¢a8h and cash equlvolgnts In th¢ r•portlng poriod Co$h and ¢a8h •quival•nts atthè beglnnlng of th• r•portlng pérlod Cash and ¢a$h •qutvalents at th• ond of the r0POrtlng pgrfod (73.243) 1111.6911
Whitehaven T otes to the Cash Flow Statement forthe Yèar Ended 30 Se ber 2024 RECONCILIATION OF NEf INCOME TO NET CASH FLOW FROhl OPERATING ACTMTIES 2024 2023 Net Incom• for th? reporting perlod (as per thè Stat•m8nt of Flnanclal ActivltSes} Adju8tm8nts fi)r: 0eprethalKJn tharges Gain on invesimenl$ Profit w dispjsal offwl assets Intest r8¢eNed Ilncre8s8yde¢rea5e in debtors Increa¥elldecreas8) in ttgthtors 226, 299,917 10.340 1204.59n 8,521 11,30DI (15.9551 18,288) 92,948 11.722 (40,033) 158,117) NetGa$h lu Inyprovlded by operallo 64.393 364,121 ANALYSIS OF CHANGES IN NEf FUNDS At 1.10.23 C88h I At 30.9,24 Ngt Cash Cash bt bank 396.103 396 103 Total 398 103
Whitehaven Trt Lim Notes to the Fina121 Statements r the Year Ended 20 Se tÈmber 2 24 ACCOUNTING POUCIES Ba8]$ of preparing thgfinanclal 8tatèrn•nts The financkql statements of the Charita c4)mpaty. whk benefil entity under FRS 102, have bean prepared in accordance wth Charilh% SORP (FRS 102)'Accounb"no and Reporting by Charitses.. Ststement of Recornrnended pr8et appIa lo thartlies PTep8ring th8ir accounts in awordance wth the Fin8ncial Reporbng Standard 8pplcat)le in the UK arnl RepublK of Ireland (FRS 102) {8ffective 1 January 20191,, Finanal Reporting Standard 102 The Finartl ReportirrfJ Slandard awticabie UK and Rèpub5¢ of Iland, alld the Companw Act 2CMA. The finanryl slatements have been prepared under the historir21 cost convention, with the exc8pIKJn ol irNeslrnents whkh are Induded at mathel vdu•. as mooffled by the revaluation Of¢ertrI assel8. Golng Concem The trustees assess whethèr the u¥e of gdng ccAKem B ap3t• l.e. whether thom are any materlal uncertainlles Tdated to èvents condltions that may cast significant doubt the abilty of the corrpany to connUe as a going rDncern. The tNstees make Ihi$ a$s855ment in raspec¢ of 8 period of at le88t one year from the date of athorisauon for issue of Ihe fin8rrial statemersts and have conduded that the tharily has adequatè ¥ource6 to contlnue in OFerali0r existence for the fore8eeabie firtre and thère are no material uncertainlitrs about Ihe th4rliYs abllty lo cc#)linue as a goiDg concem, Ihey conl¢nue to 8éopt the going rJ)ncem bos18 of a)Unting in pr•parlng Ihe finandal $tatemerts. Incomo l InMe Is rnccenw kn the St•Thnt of Finarthl Acliv611es crfK Iho has tIN1m81 lo the funds.11 1$ probabLry Ihal Ihe Inc£m8 wlll t¢ rece and Ihe am¢xmt e4n be measu1 r•Habty. £xpendltur• L18bilieS ar8 r8cogn18èd as exd6bjre 8$ 06 Ihert Is 8 logal or £4)n8traI¥e obligalon comthttlng tho th8rtty to Ihal expenditure, it Is probaNe that a transfer ol economic benefils will requlred In 8et118ment and lh¢ amount of the oblation can be m&asured ¢dobly. Expendilum Is ac¢ounled for on an aKruals ba818 and h85 been Classified under hoadlngs thal a93rogat8 all cost reiBted to the category. Where Gosts Cannot bo dSrsLaly allribuied to p$ar lading8 tw h8¥e been locad lo advities on 8 basis consistènt w1th the us• ot rosources. Tanglbl• ffxed a¥•ts D$wedation18 provided at th• fc41mvMig afiu rnte8 In ¢xdwtO WTit• off 68th as68t over tt8 8sllmatsd usefvl Ilfa. Flxlures and flyings Motor vehides . 3# ffi rndudng bakn All fxad agsets SM In6t181ty r)Ided •t ts)st. Tangib10 a68ets ¢$19 ffw)ro t1.C aTg eapilali8¢d aThJ lded at cosi Indudhg and incidental expenses of aCquision. Imiestment propgrty Investment PToperty is SEM> 8t most Tecent v¥luatbn vrilh In valuthn recognlsed w(thin the stal•m&nt of financAal aotivlties. storkg stocks are Val at tha Irwer Olst 8nd nèt real1e ¥ah. 8fter makiThJ allowance Igr obsolete and slo moving items. T•xation Thg thartty 18 exempt CCKnI% on tsthitatrAe adivrt. Fund accounting Unrestttcted funds w be u8ed In aLurdatKe wlh the tharit8t4e oWves at the discreticn of the trStee$. Restrict8d fimds ran On be used lor pwbcular reslrided PUTFthe5 Vdthin Ihe objects of thè charty. Restrfctions arise when speofied by the ¢knor or when funds are raised for partiwtar r8cted purpose5. Fw1her 8xplan8ti(Jn of Ihe t*ture and purpose of eath is induded 01 the not•s lo the fjnawal stalements.
aven Tn o thè Financlal Statements . contin for the Ye r ENled 30 Se mber 2024 ACCOUNTING POLICIES- ¢ontlnued Penslon cts and other post-retiremert bènefits The charitable Othes a defined ctJntrifr&Jkn p$10 stheme. ContrityJtk)ns payablo to the arit8ble eompanf$ pwsion scheme are charged to Ihe Stal&Ywrt of FinanLaal Adiwties in the period lo whiL they late. Invèstments Investments 8re valueil Jf mtd-mthel vath at Ihe ye8r•nd. Rèalised atvj unTealI gain8 ¢r losw are ¢redlted ordwged tolhe relevant fvnd in Ihe Sfatsmentof Flnarthl ActIe8. Flnanclal In?truments Flnancd instruments are da¥stfed and ccMJntsd for. lo the ¥ubstsnce of contradual 8rrangemènt, 88 either ftnandal asset5 or finyncid liabllttTe8. DONATIONS AND LEGACIES 2024 2023 Donallon8 Legaci8S 174,854 44,328 455.7f9 208,406 INVESTMENT INCOME 2024 2023 Rents recelvèd D¢poslt xcount Inter08t 74,$65 68,817 INCOME FROM CHARrrABLE AcnvmES Aclfvity Nur8ir#J Care S¢ryk•s 2U24 2023 Nursing Cor8 S•rytea8 CHARITABLE ACTivmES COSTS Dlrect Cost8 Support c¢sls Isoe note 8) Tota Nur01ng Care Servi0 Governance costs 267.40S 94.688 370 133
haven Trust Lim ote5 t for Financial Statsments - conti e Year Ended Ose SUPPORT COSTS Govemance costs Tot81$ Nurslng Cale $8rvvx6 Gov8maTWe costs 89,110 25.578 8.040 94,688 69.110 33.618 OTHER 2024 2023 Ratss & Watsr Light & Heat Repairs & MaintenarKe Insuran( DeWecia0n Los3 on sale of 8s8e18 5,220 2,566 9,539 26.281 S.985 8,521 15,95S 13,971 7.109 10.340 45.708 NET INCOMEI(EXPENDITUREI Net Incomel(e¥pndture) ststed thr ¢h)rglli1¢thdng)'. 2024 2023 Aiidltnr%' rp.miJnèrthn DepredaUon- owned assets Surplu$ on dlsposal olffix¢d a68ets 8,040 10,340 8,840 189551 TRUSTEES. ReNuNERAfON AND BENEFITS y Management Pernonnel The toial amount of Émpl(yffte b•nefft (irtlUdY empbyar pendon ntlutIs) Ild by key maxagemenl perscnnel lor their swviees lo thè dwrtyVMS £79,052 (2023: £65,051). Tru8to94' •xpen8es Durfng the year trustees were 5mbU[sed trwel and J$tence exper9 totsllng £1,693 (2023.. £8981. These all lated to Ifavel to board meding# and a conferen¢•. At the year end there were no expensos due to tru61eeB. STAFF COSTS 10. 2024 2023 Wages and sakrfe8 Social security costs Other per10 $ts T26,1C 19.455 177,161 13.984 8,447 199 592 The average monthty numbwof effwtyees during thè yearvAs as folknws.. 2024 2023 Provisi¢Jn of care serww. nurtY Management and admini5tralic
en Trust L" Motes to the Financial Ststemen forthe Year Ende¢J 30 Se - continued ember 2024 10. STAFF COSTS- rontinued The nwnb6rof èmpbyee¥ wlK)se employee ber {exduding emph)yer pension costs) exixeded £60,(JJO was.. £80.001- £70.(K)O £70,001- £80,CO) 2024 2023 11. COMPARATIVES FOR THE STATEMENT OF FINANCIALACTMTIES Unr&Btrted R•8tricted fvnds Total INCOME AND ENDOWMENT8 FROM 0onatKJn8 8nd189acl&s Charltable a¢¥v1ti98 Nursing Carè Seryl Investment Ino)me 480.045 20.00) 500,04S 41.158 41,158 76,905 618,108 EXPENDITURE ON Charltsble activ(tles Nursing Care Sèrvicès Gov¢mance co 268.416 6.498 273.914 Other Tot•1 Nel oalns ort knvestments NET INCOME Transl•rn fund 285.416 10.142 14.502 299,917 Ngt movemant In fund8 RECONCILIATION OF FUNDS Totsl funds brought fornva 295,557 299,917 4,191.731 4,191.731 TOTAL FUNDS CARRtED FORWARD 4.487
Limi theFi ncial Slatem r the Year Ended JD Se nued r 2024 TANGIBLE FIXED ASSETS Fixtutss and ffili(ng$ Motor vehide$ Tolals COST At 1 October 2023 AddiJons DLsposols 9,750 5.542 .008 38.143 5,542 At 30 Septembef 2024 DEPRECIATION At 1 October 2023 Charge loryear Elirnlnaled on disposal 7.872 3,242 14,1 7,098 22,088 10,340 AI 30 Swtsmber 2024 234 NET 800K VALUE AI 30 Soptember 2024 At 30 Sept¢mber 2023 13. HXÈO AssEf INVESTMENTS Li8ted Inves1mt6 MARKET VALUE At 1 October 2023 Hw8iuafjons 2,485,063 At 30 Septomb•r 2024 2 753 388 NET BOOK VALUE At 30 September 2024 2.753 396 At 30 Septr 2023 2 485 083 Total Fundg 2024 Total Funds 2023 LISt Invèstments UK Quoted fixed inteyest securities UK Quoted Shares Non-UK Fixed intetest securilies Non-VK Quoted Shares 278.538 424,838 384,381 1 102512 201,04? 421.250 389.519 2,188,265 1.905.127 Other in¥eslJnents Other UK Investments UK Cash hekl as ofPortfofv) 477,795 87,336 376.593 203 344 565.131 579.937 2 485,063 The book Cost oflnvestments hdd al 30 SeptemLv 2024 ts £2.).339 (2023..£2.345.868). Th8 inveslrnerts are managed by a pro18ssv)n•l InVestn represent mon*s invested diroclly on a recogtwsed UK stoth exch8nge.
haven T ited to the financial Statemetrts - th Year EndÈd 30 S ber 2024 14. INVESTIIIENT PROPEi¥rY FAIR VALUE At 1 October 2023 Addillons Revaation 1,540,39S 43,341 At 30 September2024 1 520,000 NETBOOK VALUE At 30 September W24 1.520,000 At 30 Swembw 2¢Y23 1540.395 FaIrVal at30 Septsmber 24 k% rePrn8 by.. Valualion in 2024 Valuatlon ID 2023 Valuation In 2022 120,395} 179.6051 1.620 000 1520.000 The Inveslment property Mnalsting of 28 and 30 Northunknia Driv8 wer• revaed tr> £950,Cth and £670,000 re8pectivety lolli)wlsvJ an wn math•t Y¢* r[fjtyS rArt by KPA PrDpety d1r th& yoar. STOCKS 2024 2023 St¢ck$ 1fl. DEBTORS.. AMOUNTS FALUNQ IXIE WITHIN ONE YEAR 2024 2023 Tr&do debtors Pr•paymants énd attru&d irK¥)mts 23.417 5,685 17, CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Sod4 8eoJrNy and othertaxes Other creditots 5.580 30.356 4.422 MOVEMENT IN FUNDS N6t rnovewnent in fLmds At 1.10.23 At 30.9.24 Unr•stri¢ted lundB General fund 4,487288 230.428 4,717.714 Rg¥trfct•d funds The We8tmlnskr Fund 4.360 {4.360) TOTAL FUNDS 4.777.714
Whitehaven TnESt to the Financial Sts fort r Eniled men -continued ber 2024 18. MOVEMENT IN FUNDS- continued Nat movementin funds. uded in the at4Jvè a fc4lows: 11mIr¥j Resour ¢Xpered G&ns and losses Movefflent in fvnd$ UwErestrf¢tod funds General fvnd 437.307 (411.4791 204.598 230,426 R08tr1ctsd funds Th8 Wesimin5ter Fund 14.360) 14,360) TOTAL FUNDS 437.307 4158391 226.Cé8 Compara¥9$ for movement In fund• Nei movement in funds Translws bee•n funds Al 30.9.23 1.10.22 Unre8trlcted lijnds Gerra1 fund 4.191.731 285.415 10.142 4,487,288 R•6trfCt fund• The We8trnln$ler Fund 14,$02 (10.142) TOTAL FUN COMrAtO net mov•m8nt kn fvnds, {rded In Ihe atrth aro 86 fokns.. Inccming Rércee G81n8 and kJs9eB Movenwnt In fvnd8 UnTestrf¢tgd fund• General fnd 598.108 1313.993) 28S,41S Re8trietsd lund8 Th• Westminslèr Fund 15.WJ8) 14,502 TOTAL FUNDS 19.491 299 917 19. RELATED PARTY DESCLOSURES There were no r8lated party tsansac11o in Ihe year(2023.. NiD.
Limlted Fina forthey En ial Slaternènts _co d30Se 2024 20. COMPANY UMrrED BY GUARANTEE The guarantge ofthe 25 meffèers oftr* (x)mpany at 30 SeplwnLw2024 was a nornin amourt of£f e3ch.