Charlty rngistratlon numbor 228129 {England and Wales) Company r•gbtratson numbgr 00750390 HEWER-WHITE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 • xeinadin
HEWER-WHITE TRUST LEGALAND ADMINISTrATIVE INFORMATION JLA J H PJl8n CLSn M W Evan• S•¢rntary P Hll (rnslgnod 31.03.2S) Chwlty nwnb•r IEngl•nd and Vlth•) 228129 Comwy numb•r rx1750390 Klrwjs Reath B1n0# Partt Chothrn SK4 2HD Audltar SK4 2HD
HEWER-WHITE TRUST coKrENTS 9-10 11 12 13-27
HEWER-WHITE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 finanaal statements and C1)m Thlth the trf$ go¥wnty doAxnrt th8 CoThpant88 Act 2008. FRS 102 Tr Flnana81 Reprvj Stand•rd aplkaNe In ts UK and RapJtlk ol ar#1 th• cr111•$ SORP 'Accountlng and Reportlng ty Ch•r6Iey'. StateThth of Rrr Prn¢ app1kx6 kn dwblies prwrlNJ thew 8ts)yJnt• In awudanc• the Flnanod Rewxtirvj Stsndafd apF4kth in thg LIK and of Ireld (FRS 102)". ObJo¢tlvM and 8ctl¥ld admlrlsler8 charita 9hett6red accommodatyon n Stthwt and Sheffdd, Is oc>Jpled by Irmjlvlduali over the aga of 55. The TnMt also aral adarAed to a•¥l•t families wlth diled (*Wdren. Tho Tnmt h88 a IIv8 ygAr itrategy In phc• to enwr• are th• Tnrnt •d•pt• to thango. mtyn•g•• the fund8 and and rnm8ln8 c1 the Ch•rfty Commlsskn. Tw8t Should undort#k•.
HEWER-WHITE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (coNfiNUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlovemonts and rI0e• The re8uIts trthè are out p8ge$ 9 b 26. weeks of the in¢xdenL and the ¥trUdU danHge to xthe Twas quiie serfou& 10T to thi$ 11(x#J. En¥ironment Agency r8POrts suggested that a Ilcod nllght be a 1 Wb 7W ebEnt The last florJ was Iltreè years ago In 2022. The Envirormierrt Agency bts VI on the frequw offflocpJo in the area January 2025. the wil offitsod btCaU88 of MIES tr thg Ri4w Tam& Stockptyl COUKI nor the g0wMI wo%led rnte reThef. MIE VAS sdd tn Juty 2025 for £875.000 whtth Ihe TNst wll use to att4uire dwtiaNe prowtie& Tr sale of UIE radura Ihe Trusfs inrne by Charitable tsjngaiow due to be sokl as it is deerTKd unsuitatde tr i¥e addts( be acqlwrnd. Investment p rOrynan during the yearare as folloK: . FtrJland$ Mnl LarKI arKI tr.11e Tradko Eslats. Iwwndes in with al land 8nd units enty leL oro ofwhTth is a l&ye k<a dwity and arKAhw is an NHS fty. flood in January 2025. (158358381. 1¢h becarm an FCA app cl Conyullants knmlled In ordgr to adminigter the Mathl Grant Tnt Equty ptylfrfio. Tthi( ¥rdS idenbfRd as being in breath of the Financial Services & Markelskl 2000. PAGT Re&)verles Ltd remain a dtymant and art as a sp*?al Flnandal rovlow
HEWER-WHITE TRUST TRUSTEES. REPORT ONCLUDING DIRECTORS. REPORT) (copillNUED) FOR THE YEAR ENDED 31 AIARCH 2025 are available for tharitsb pu In accordance ot48¢ts 8nd lId0$ of th& Trust. Thg Twsleè8 Y4iU enwre that th& prole(s ttIned above n( 1tro1th tho Tn•fs bayor acc8ptabl8 i8vd bèarfng In mlnd m•i¢x ii•k8 Kl&0rt bekw. r•fter bdanca at the of yaar £11,588,099. InkvstsnentpoHcy IN$ents 8r• plac•d In faed tam aThl dwTWKI cJ•h dw¥l• lthln • CCLA dgpo¥t a(y>)unt and Grnnt Makjng P •WoM•d In th• ot4•rt• ol ts Tn M4trrt•k8 Rl¥k M&n•g•m•rt a) L088 01 Incm and bad d•bts from b) Costs of major r•palrn and rnfvrbllhmwrt ot lh• wcp•th•. c} M•lor IrK4dont at oltho pmp•rtto8. dl Changrt tn legl8ladon appl11?10 lo Tw8t8 Otb. •) FILthotlon• tn rrAat Val Oft awr•nt assot After evAluthg tho rl8kJ to r•8•r4w aro ex8•d, Tru wll • c4mwohefth revi•w thornwJh dHWce of d•po8it Th? alm l¥ to •nhonc¢ tho Comp•n8atth Sthwn• (FSCSI. 81rUrni gov•rn•n¢• nd m•n•gwn•rt Th8 Trust was ino)ryrAt0d on 15th Fetsu 1983 4• a ciryany ty wwartee at th• Ini of Mr. •nd Th8 trustèes. aro #180 forlh6 pury>w of Iw. •rrfl Thttt) durfrtg th• r and up to J LhJl•n JHAlen K 8ezant CLSmlth MWEva
HEWER-WHITE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees shall number not less than or morè than e1Ve. Each Trustee shall also b¥ a member of the company. Additional TnJsta•s may b¥ appolnlod by an ordinary résolution of the company from time to time. Th& Trust has a sysl$m of rolalion. whereby e8¢h Trust¢o1$ ol&¢ted for btheen one and Ihm years, after which. if eligible. they can be rtrelected. On the sm Nov8mb8r 2024, thg Twsl passed 8 wrltten Trsolutlon and adopted new Artldes withdrawing the need lor an AGM. TnJst&ès wll b¢ ro-èlècted by rotstion at èach meeting in February ready for tha next financial year. OanISatIonal stWGturn The Trust is administered by ils Trustees and Executiv8 Officer. The adminlstratlv8 headquarters anfj Ihg Execulbve OfficEr are based in Stockport, Great&r Manchester. The Trustees meet regularly to review the financlal po$illon and th8 mana9èm¥nl of th& company's prop&rtlg8, including new purchases, major refurbishments and disposals and lo discuss future projects. Day-lTrday charitable Work and property managgmgnt is delegated to the Exgcutlve Officer and h8r $talr. Inductlon 8nd Ir8inlng of Imst&&s New Iru51ees are appointed lo the Board who have the nece88ary skllls and knowledge to enable them lo banefit the Tru$l as a whole. Th6y are briefed on their legal obligations under charity and company law, the conlenl of tha Memorandum and Articles of A83ocialion, the committee and deci$lon-making proce55es. the business plan and the recent financial performance of the charity. They are encour3ged lo m8•t koy employ••s and attend appropriat& external training events which VAII facililale the undertaking of Ihelr role. Audltor In accordance wSlh the ¢ompany's artlcles. a resolution propo8in9 Ih8t Xein8din Audlt Llmttgd bè rtsappolnled as auditor of the rL)mpany will be pul at a General Meetin9. D5sclo8ure of Infomiatlon to audltor The Trustees have confirmed to the auditor that there Is 8 value 81 rfgk to th• sum of £1.3m followlng 8 regulatory incAd8nt realised in 2022 whergby Hv is in breach of FSMA 2000, following th& merger with the Marshall Grant Trust in July 2000. A serious inodenl report was Issued to the Charity Commi88lon in June 2022. Thè Tru81 eonlinues lo work towards resolving the matter with the support ol appropriatg legal and financial advisors. Each of the Iru8teas has confimied that there is no other information of which they ar8 aware which18 relevant to the audit but of which the audllor is unaware. They have fvrthgr confimied that they have taken appropriate steps lo idenlify such relevant infom7ation and to establish that the aL¢ditOf is aware ol such infomialion. The tru tees, report was approved by the Board of Tnjslees. en M W Evans Date..
HEWER-WHITE TRUST STATEMENT OF TRUSTEES, RESINsIBILrnES FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are 8180 ts alt0 rf HwAw.Vthite Tnt tr the purpose of rAryny I•T. are r8sp¢)nsible Companies Ad 2006. ¥e d80 rnspywbte for $8feguarding the ass¢ts of tn*t arrfl h8r for taklr
HEWER-WHITE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HEWER-WHITE TRUST Oplnlon have au¢fjtfjd th• ftrArthl Stalntt of Haww.WhaTrust (the ifi forthe ygar endgd 31 March 2025 whkh omwise tho slalemont of financial 8divibes, the balance sheet, the 8iatement of cash IINS and notes to thè ffin8wo1 statements, induthng 8ignific4nl accounltng poltCAe& Thè finanaal reportlng framowolk that ha5 bèeft applted in thelr prep8ratton 1$ aPIabl? law and United lfjngdom Anting Stsndards. Induding Finandal R•portlng Stsndard 102 Th& Finantr'al Repoth"ng Standard 8pplieabl@ th& UK and Repul)Kc of Iroland (United Klngdom Gener<y Apted A¢untIng PraLice). In our Onlon. ts finandal statemet). gNe a true and fair vtew of the 8tate of the &Tilab compW8 affalrs as 8t 31 Marth 2025 and ol It8 incorning •NI oppll(m of klUdIng rf8 iOrne and wendtlure, for the year th h3¥8 been prnperfy wq)wed In accordance with Unltsd Khgdom Generatty Ac£•pted Ac£ounllrwJ Pracllce. ar have been prepared In accordance wilh the r•qthrements of the Companle8Acl 2008. Ba¥lw for oplnlon W8 ¢)Jndu¢thl ¢Jur atKIit in ofAxrdan vlth Intematk)n81 Standard8 on Audn0 (UK) OS48 {UK)} and 8ppliLble law. Our re8P¢M8lbllltie8 under those stsnd&rd8 are fitylher desulbed In the AaR0S Trsponsibllths forlh& of th& financ1 statemonls ¥ecfton of our reporL V are independent of the trust In ardan¢ th the elhical requirements that arn relevant to our audit of the fin8ndal statemen1¥ in Ihe UK. indudthg the FRC'S Ethical Standard, and we have fuNlgJ our othw ethical re8pon8ibililies in accordance r8quwemen believe that the au¢thl evidence wg hav8 obtsinod18 $uffi¢tent and appToprtat8 to pro¥idè a b8s1s tr our oplnEon. CoKluelon8 relallng to golng ¢•)nc•m In audllng the finandal Statements. we have Condled that ts tnt8to9$ u88 of the golng b06b af accwiting in preparation of the finandal Staterrnts IB •ppropriate. Based on the ¥wrk we perfomwd. we have nol Idenmed any material uncèrtalnles rglatSng lo ev¢nt8 or condiliorm that. indrffldually or colledivety. may ¢351 $ignifiLnt doubl on the trusf$ ability lo u)ntlnue as a golng for a perlod ofat least twel¥e month8 from when the finandal statements are aulhorfsed for iSSL. Our responsibllltte8 and the respon81blllts8 of the tNsteas wlth respgct to going conc4m ar• des(xib8d in t relevant nek8 of th18 report. othgr Inft)miatlon The other Infomatlon comprfses the Infomtlon IrKluded In the annual report other than th• finanwl 8tatanents and our auditotr8 report thereon. The trustses are responsible for the othor infomiation contahwd wlthin the annual repoiL Our oplnlon on the finandal statements not cover the other infomiation aTrl. ex¢ to tho extent titr$e expliady ststed In our report, Y do not expre85 any form of assurance c¢ndu>n thereon. Our r¢r1b11fy i¥ tt> read the oth8r Informon and. In doing ao. rn8(der whethgr the other Infomiatlon Is materially tnconsistent the finano£l statements or our knowledge obtained in the wrse ofthg aud5t. or otheThvFge app8ar¥ to be MatertlY misstated. If we identify suth material incon8iSteMe8 or apparent matèri81 ml8Statsm8nts. we are requlred to dgtsmlne whether th68 glveg rfse lo a materlal ml85tatsment in the financial ststemèrts themselves. If, based on the wod( we have perfomd, we t))ncIle that there Is a rffdtertal misstthent of th1$ other informatton, vo e re(wlred to rewt that fact, notrdng to report h th18 rewd. OplnlonB on ¢)th•r mattern preKI1b by thè Companlo&Act 2006 In our opinion. based ¢Jn the work undertaken in the ul8• of ourauclltr. the Infom0 glven In the tru8teeg report for the finandal yoar for wthich tho fin¥191 statements are prepared, whlch Indud85 the directors, report prep8Tgd for tha pury)08es of company Faw. 18 C4)n8Istent with the finwial statemorts: and the diredors. report indud•d 7th1n th• trust•e$' report ha8 been prwored in accordance V•lth apthble kgal requiremgrts.
HEWER-WHITE TRUST INDEPENDEKfAUDrroR'S REPORT (CONTINUED) TO THE MEMBERS OF HEWER-WHTfE TRUST M•tt•rn on whkh we arn r•qulrnd to r•port by oxc•pl In the Ilghl of the 4dg& and und8Tn9 ofthe trust Its 0n¥rfrc ¢)tthd In the courn• ol the aud( to Yeport to ytyj W, In OLf opinion: As explalned more fulFy In ts •tatorrffit ol tru•t•61' r••prx)b6Nll••. trkg truit•M wllo ¥• al th8 of thg trust lor tho purpow of cTrny ltht, arn le•ps tr th8 ol fin•nd•l •lat•m•th aTrJ fi)r b•lng tllfiod that ttw gl¥0 a true and faSr 4nd for luth Intem ai the tnJth•8 d•tsmlM h n•ciMry to •Thor. In prgpwlng tha Iln•nd•l thI¢m. the tru•tw8 arn reyn•[b for a••8Mlng the trusY$ abtuty to cnVnue • polng conc•m, dl8do¥lng. u •pplkxbl•. m8tt•rn f•lfti•d to gn9 Co•M and u8trvJ th• gng b••l¥ of accounOn9 un]088 th• tAt# •th•r Intend to UkIl Iho dwTllabl• ¢yxnwy or to ce•88 op8rallon•. or hav• no I1¢ dt•maYv• but ts do . moled81 ml¥•l•lwnwrt to fra1 or wmr, and lo 18w• an •Jdlkntr# i•F#xt that InfJd•# our opknlon. R•asonae 88wranc4 18 4 hw181 ol aswrwi Ixrt ts not a rte? th•t an o)ndurl•d In acurdanc4 IUIQ detsd a malwlal MI•81•t 11 lts. Ml•8t•tThnts can ar1 from frnud or error and are c¢n8ldwod m•t•rial11. 1ndN1dlty or In aggr•gats. Itv o¥)uld Tea)nabFy •xpeded to Influence lffegular6tl•s. lThJudtry frwd, Wè In•tsnc8 ol n<nc Tth laws rngulalkm. lth dn proc•duro8 In Ilne vlth our refpon•1tr#l88. oudlmd ab¢yn. to d6t•( fflat0rf rrf8statan In respect of InchKIINJ fr•ud. Th& 0xtt trj procaurn8 4rn Ofd•ty lff•gLthIkn, trKluding fraud h dOtsm bg1thY. fr•ud and n¢nance tyth and r•gulaUorA. was •• f<kn' finandal StateTh or the opwations ofthe dwity, Ir*11 thè CTrnie8Ad 2006. Charfe$Act 2011,
HEWER-WHITE TRUST INDEPENDEKf AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HEWER-WHrrE TRUST understsnding of h(yw might , ty: rtgulaticns are from financAI lrnisathm the le85 liw * ES that #ware of 1C¥)MplI8n¢. Audn9 starKlards also lirTMi thè Kfrt rwiired to idY rrcmpance ryth lawJ and regulailons lo Uue of our report Thts report is madè sddy to th8 dwilth mnbern. as a boty. n ldanr THh CIAptor 3 of P116 oflhe Companles 20Q6. Our autht th has been undwlaken so that we mWt state lo the thwitable c¥)mpanVs ILdSt extent [eItted lry law. IAE do not arA or assrn wbilty tr any than thg tharitable Yw Street Stockport Cheshtre SK4 2HD Untted ngd
HEWERJIIHITE TRUST 3TATEMEMT OF FINANcL4LAcTMT8 INCLUDIIIG114COMEAIID EXPEMDITUREA¢¢OUMT Fthg THE YEAR EPIDED 31 MARCH3Q25 2424 130.SM e3•.710 14e.671 13D.576 14B.e71 •17.M7 417 .71S •71.C4J 1833)3 f0&711 UK Pwpw*•• eB4,946 4•J.37J 127.1 18A70 110A27 128.72J 765.075 26 791065 2A71 119M fAg,W SO.C45 747.020 14249,m 2275.J47 31,421 (1,TJe
HEWERJIIHITE TrUST INCLUDINQ INCQMEAIID EXPENDmJREACC( (F13X i.810.7•¥ i• . W141) J.W 3,911,•14 15248Tr 2Xtn IiMx41 Ism24J •.JI•Ag 2281m3 IO•IAg 11.737.eJi 18tlm 13292m 2J12JTI IOIMI• 14m346
HEWER-WHITE TRUST BALANCE SHEET ASAT31 MARCH 2025 2026 2024 as restatsd Not Flxod assots Tangible assets Investment property 16 17 3,320,784 3.434.600 4.919.822 6.684.200 6,755,364 11,604.022 Current assots Debtors Investments Cash al bank and in h4nd 19 20 145.097 3,589.358 1,186.194 249,102 3,199,205 665,116 4,920,649 4,113,423 Crodltors.. amounts falllng duo wlthln on• y•ar 21 189.9341 138,2001 N•t current ass•ts 4,830.715 4,07S,223 Totsl ••s•ts1088 curront Ilabllltl08 11.586.099 15,679,245 The funds ofthe tru#t Endowment funds Restricted income fund Unre5tricled fvnd Unreslrfcted fvnd8- revaluallon 23 104.089 2.300.943 8.837,224 343,843 104,089 2,282,277 11,432,957 1,859,922 26 26 11,586,099 15,679.245 The finanrAal st*lements re approved by the Iruslees on ......................... M WEvans Company registration number 00750390 IEngland and Wales)
HEWER-WHrrE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Ca8h flo from oporntlng aGtlvltlo9 Cash absorbed by operalion$ 32 {521.619) (452.528) ITrvoStlng acllvltlos Pur¢ha8e of tsnglble fixed 888ats Proce8d8 from d8PO8al 0ftsngle fixed (443,181) 1194.203) 1230.585 1390.153) 248,460 11.778,330} 1.673,953 706,643 Purtha8e of Inv881ments Proc*ed8 from d¥08al of w)ve8tments Invesknent Ino)me recelved 645,468 Not ¢a8h g•norat from Invosllng 8¢tl¥ltl8ts 1,042,897 N•t ¢uh gon•rat0d from fiTranckng acllvlllo• Not Increa80 In cash and ca8h oqulval•nts 521.078 203,995 Cash arKI $h equS¥algnts at b•gknnlTrJ of year 865.116 461.121 Cash and ¢a¥h gqulvaloniry atond of yoAr 1.186.194 865.116 12-
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 AIARCH 2025 1.1 Accounllng ¢onvondon Compan$ kt 6. FRS 102 Tr FThn¢xal RePtIng Standard appliA8 in the UK Republlc of Pra app1[b to tharilies preparlry thelr 8g)xbits in aC£Aythe Financial ReporlirvJ Standard appdIcae In the UK ¥rtl Rewthof Iréland (FRS 102).. The Iru8t is a Pubbc 8•n8fft Entity a• doffined by FRS 102. 12 Golng ncern la Charflabl• fund• 1A In¢¢xno Legactes are r8cognisad on re( or olheThTh trt has been ndified of an iThyendirvJ distribution. amount 1$ kntr. and recw is expedod. If thg is not kn(yhm. the b8gacy is treated as a contingent 13-
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢Goundng polldo• {Conllnuo Exp•ndl EXpendre h daNBified athity. c¢•ls crf earh athty arn madg up ol the total of dlrnGI co•ls and actsty are to thèt ath¥lty. Sharnd c¢8ts tk ntrIbUte to m¢x• th8n one advlty and p•rt rfth8 exwdrfj towhkth It rdat Intalnlng of UK fad •Met Invothy mjlrtslnlng UK tharitae wco•rttM. nagerrrt of the •pportl¢)nod on an apwo• ba8. aj Slaff e4lm•t•d uMgo, a• t out In Not• 2, 1A T•nalbh f•d ••••ts D•preclad¢Jn l• r•c4gnl8•d 41 to Tlt• ¢ff Ihè of•Mth IM• th r8lud v4W over th Frwhokl land and k11Th Flxiuv08 and fittkng8 Motor vehhSe8 20% alght I 25% rnlght and tho caffykng value altr* a88e( and is rwni••d kn the •tat9Th offinartcial athwes. valuan8 c4ndLvXed ty the Zts)pl• 5 yoarj. 14-
HEWER-WHrrE TRUST NOTES TO THE FINANCIAL STATEMENTS (coNllNUED) FOR THE YEAR ENDED 31 AIARCH 2025 A¢untIng poH¢l•• IConllnu•d) 1A IMlnI olllx•d •M•ts thwo [8 Any kndlcallon that th¢xo 9•90ts havo 8uifw•d an ImpMmenl lom. If any 8ucb Indkauon exitt tha Ca•h and ¢8sh oqupA c••h tn hond. Ikpoth hold 8t call 4th bwk•. othgr 8hort.teTh Ilqukl Tha trusl hai deded to PY ts prtyélth of Sod¢)n 11 '8dc Fln•nd•l S•Lkn 12.oth FIn 1ns1nwnts luuos. of FRS 102 to 411 ofll8 fin•ncW a legalty •nforctrAe rhtto Mt off rec¢gni•ed amowts •rrfl th•r• l• •n Ir8nkn Io •8lU• on a not bail¥ or to r1#& th• 44••t and Uatslty Ba•tc Iln4nd8f ae••t•. d•tth and calh 4wxI bth( k4ilalty MUNd at transgckn 5rKaudrt Ir8rA8thM o)8ts •r#Y we Iwrknd at Mst uslng the •ffectlvfr 114•ur4d at th• vahje ofth• fttyr• r•L¥lpti dl>>Jthd at a mknt rnt• ol hrtw•st. FlnonGlo1088•ts 8a•lc flnancial 1thr•s, Inthllry iyedtrs b#nk loan8 ar• Inrti• at lrnnsacllon unl• wlthln one year are not morts. Trade cr•dltorn ar• obl1gau0 to pay for goodi or 8ervrc08 tr1 boon acqwrod In thg orthn•ry WUT¥• of tiporakn• from 8UpF18TS. knnurts pay8tA8 wo rjauifmd as l•bilbtr8• If pJym•nt IJ du• wlthln on• year or lesB. If nrA. w8sented 08 TT•dg c¥edttors are rncc4n18•d Inhbaltry at 1.11 Employ•• b•n•llts
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEPaENTS (CONllNUED) FOR THE YEAR ENDED 31 AIARCH 2025 Accouftllng pdlcl•B {Conllnwd) 1.12 Rollremort ben•fft8 d assumpts'ons atxxrt the caTryir4J affourt of a$ts arKI liatslties that arè not readlfry apparent fr other osttmales are recogiuaed In the pww)d in estkn* Is mlsed ¥there t rnwslon affects only that fimds 2024 40,000 fund 2025 fund• 2024 130.576 156.187 2024 2024 2024 Renlal Irts)me 481.198 6.756 487.954 573.589 579.455 1.075 156.437 1.075 156.437 21.932 94234 11,022 32.954 94.234 638,710 6,756 645,466 689.735 18.908 706.643 16-
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONllNUED) FOR THE YEAR ENDED 31 MARCH 2025 Othor Inc<wno nd• 2026 fund¥ 2024 Net galn d01 oftsnglble fflxed a0ts 148,671 8,273 148,871 8.273 Exp•ndltsn on rnhln9 thnd• Unr••tslctsd Ro•trlctod nd• fund• 2026 Totsl Unr••trlcted R••trl¢ted fvftd• fvnd• 2024 2024 2024 Dapredatton •rKI Impalrynenl Support colts 214 178,448 214 178,448 87,368 87,308 178.862 178,862 87.864 87,e54 Inv••tm•nt manag•m•nt 4.541 4,541 11,805 18.130 T¢)t81 (8ts 183,203 183.203 88.259 e,525 105.784 17-
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONnNUED) FOR THE YEAR ENDED 31 PAARCH 2025 IA•lntslnlng UK Implmwnt ChArftsb ChArftsN• 2024 2024 2024 Depredallon and Impalnnwrt 127.120 127.120 125.T23 125.723 17.315 17.315 19,982 19,982 85.474 186.940 85.474 186.940 49. 123.647 49,336 123.847 Dlr•L* Dxts 269.n8 127.120 396.849 192.965 125.723 318,688 Support 373.379 21.837 373.379 21.837 291,843 291.843 .945 127.120 792. SCO,848 125.723 632.571 AMty•kn by fvnd 110.427 16.893 783,975 28.090 490,373 16,475 98.658 27.065 $89,031 43,540 11.397 iN.945 127.120 792,065 508.848 125.723 832.571 18-
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs •llocat•d to a¢lfvlUo8 2025 2024 Staff (x>sts Insuronr IT & Coryt•r costs Motor exponsety 218.380 32.269 12,413 6.097 58.195 1,860 73,298 8,397 14S.118 21,837 193,325 28,493 9,312 3,222 22.6n 18,098 28.784 6.852 88.468 22,040 Trnv81 & Sub818tene• Repalrn & Maint•nan Govemaneé costs 673.864 401.251 Fundr•l•lng Runnlng & Malntslnlng UK Chaf1tdfr Prnp•rfl•• 178,448 395216 87,388 313,883 573.884 401,251 10 N•t mov8m•nt In fvnd# 2026 2024 Th• n•t mov•rnnt In ¥t•t•d aftw dMryln(cr•dhlng). F* pMy•bh forth• aLKAI olth• th•rfty• flngndgl •t•tsments D•prn¢Y8don olownod t8nglblo fix•d a88ets IPTofft)1108¥ dl8p¢$•l of t•noNe K•d a88•ts 10,350 127.334 128,9831 9.850 128.009 11 Tru•tM• Nono of tho truitsei {or any per80ns connert•d th them) rgcfjlved any remunernkn dudng the year, but s of th•m were relmbur8od • totsl of £3,579 for travelllnp , office exp•n8•1 and gffta. (2024- 3 were Telmburned £1,51n. 12 Employm• Th• a¥ernge monthty numbord•mth••8 dIng th• y•arwai: 2026 Number 2024 Numbor Office and management OperalhJMI Total 19-
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employ•o• Icondnuod 2024 183.820 17.099 15.481 1e6.672 14,204 12.449 218.380 193,325 as folkn. 2025 2024 Ilumb•r Numb•r £60.O(M7O.o £70,001Q80.000 £80,001490,L conbUll0 totslllrvj £12.280 12024.. £11.rn ) m*1• to d•frnd conlrflth •d)eM on 2026 2024 182249 149.740 13 Oth•r •4>•nthluv• fund• 2024 Net lom on oftarKJlble fed M•ets 119,688 8.665
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONnNUED) FOR THE YEAR ENDED 31 AIARCH 2025 14 GAln• •nd l¢M•s In¥•Btn nd• nd8 2024 2025 2024 Galn&lllo•2M) •rf*q on: 31.347 31.421 62,788 Re¥oluaVon of1n1 (3249.6001 13249.800) 2244,000 2.244.000 {3,249.6) (3249.600) 2.275.347 31.421 2.306.768 15 Taxa 10 T•nglbl• fix•d M••ts At 1 Aprfl 2024 8.361.101 440.000 (1,449.790) (713,303) 7.135 3.181 (1.428) 32,940 8,401,176 443,181 11,451,218) (713.303) OI•poM At 31 2025 4,638.OOJ 32.940 4,879.838 At 1 Aprfl 2024 Deprec14Uon th4ry•Y In ts ygar Ellmlnated In ofthsposa 1.483.564 117.543 1249.138) 16.470 1.481.354 8235 127.334 (249.636) 1,556 (500) At 31 Marth 2025 1.331.971 1378 24,705 1.359.052 rArylng amourt At 31 March 2025 3.30B.037 8.512 8,235 3,320,784 At 31 Marth 2024 4.897.537 5.815 16,470 4,919,822 202S 2024 Frvohcld 3.345.437 3.434.021
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMEi¥fs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Tanglbl• fu•d aM•ts 17 Inv••tment wop• 2025 Falrval At 1 Aprll 2024 6.684.200 <3.249.600) At 31 Marti 2025 3.434.800 2024 3.434,0 6.684200 2025 2024 3.589.358 3.199,205 2024 Trade debE 9,102 40,000 49.102 100.1)IXI 145.097 249,102
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 tl•blorn (conttrnd tharp oNYr the ¢harflle¥ wopty. The lo•n h duo to be ryld In mcwe than Ilve years on the SAI• of th• Iryty. £100.000 wa8 repahl In W 2024. and at 31 2025 £100.OfM) r•m8lns outstanding. 2026 2024 3.689,358 3,199.205 Cr•dltav•: •mounts falllnq ts rhhln on• > 2024 Tradè Lyedrtorg 83.714 6,220 35,867 2.533 89,934 38.200 2024 15,461 12,449 owmenl fvnds can ud In 8cwdanc• ith Iho 0tr4ed8 oftho trwt and IB Indud•d as urm (y)m•. kny cl1 gaNx or lo1 on th• a•••ts )rn pwl afth•fix#l. At 1 Aprfl At 31 mAh 2024 2025 104.1 104.089
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 EndvATh•ntnd• (Contlnuod) Pr•vlou• y••r. At 1 Aprfl At 31 March 2024 I.089 104,089 At I G•ln• •nd At 31 M•rth 2.282277 46,756 (28.09)) 2.300,943 At 1 Awl R••ouvcM G•ln8 •nd At 31 M•r¢h 2023 2024 2284,013 18.908 150.08S) 31,421 2.282.2TI not S•¢1 to ¥•dfic condllth by doncn witorn * to how th•y my b• u1. Ind1# At 1 Aprll Incomkng R••4xrn G•kn• At 31 Al•rch 2024 2026 G6nw funth 11.431957 Revaluot 917.957 11.cee.886) 877,353 {3.324.1m 8,837,224 1.859,V22 (877.353> (838,726) 343.843 ¢Jaln8 and At 31 Ilareh 2024 General furmts 8.944,273 854.175 1696.9551 .117 1275,347 11,432.957 {56.11TJ 1.510,783 1,859.922
HEVVER-WHITE TRUST
NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED)
FOR THE YEAR ENDED 31 MARCH 2025
26 Anal of ngt aB8•ts 1)otween funds
fund
2026
2025
2026
2025
2026
At 31 2025:
Twglbte assets
2,861126
3.285.000
3.033.941
458.658
149.600
1.692.685
3.320,784
3.434.600
4.830.715
Current assetsluiabilllles)
104.089
9.181.007
2.300.943
104.089
11.586.099
Urwogtrlctod
fundg
Pl*t•rfal Rmtrktod Endowngnt
nd8
nds
nd8
Tolal
2024
2024
2024
At 31 Pl•r¢h 2024:
TangNe assets
Inve8tsnenl propwli
Cwrenl a88etsl
HEWER-WHITE TRUST NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 29 Grnnts and aMl¥tsnco Grants totalllng £40,130 wwe pald to or on bghall of 3 Indlvlduals durfng thè yetr 12024 '. 7 IndMdual$ £41.2411. The grants w•rfr almed at providlnp finBndal 8UPPtht to Indmduals rwwlrfrvJ wlgtarKe In1Sn• the dwrtys obJ8cts¥e8. 30 8ub•ldlArlo• MGT RacAiverte8 Ltd Is a wholly Owned 8ub81dlary of Tru•t. MGT R•¢ov•de• wal InOratOd on 12 Juty 2024 arml wai dornnt in tre perlod to 31 March 2025 NMi• ot und•rf•klng Roghtsv•d offlc• Ckn• of %H• 8harM hold Dlrn¢¢ Indlmct MGT Ltd RI¥w8ldo HtsU Soelal Invthn•nt Property Ordln•ry Klnge Roach Holdlng 8u81n088 Park, Y•w Slr80t. Stod(port, SK4 2HD 100.00 Thè ag9reg81• capltal And Ind th• r•MAI for th• year of wb•tdarfo1 •xdud•d from con•olld w48 aB follty•V8: Nomo of und•rtaklng Profftl(Lo••l Qapltsl and MGT R•¢ty•d•• Ltd 31 Prfw p•rf¢xl •dlu•kn•nt Th• r•v4lualkn fund hai been corrxt•d 4• It prevIouY.. . Ind•d hlotorf¢ movom8nts for Invfj•trn•nt prop¢r hv¢#trnent portfolloj . Dld not have tr8n8kn m for adolllonal (kndallon ¢Jn revalued aThvJunts The•e alustrngnts have hAd the folknvln9 •ffectJ In the prtoryear UmBtrl¢#ed revaluatlom fvnd decreue £2,713,021 UnrootrkAed genoral fund 1rKxe• £2.713.021
HEWER-WHITE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 32 Ca•h ab•Orf by op•rallor 2026 2024 IDefidt)IsurphJ8 fortho year 13,379,843) 2,430,831 AdJu•tmonts for. Invethent Income r6(¥Jgnl8od In stalgment of fln8nd&l actM11•8 .(Galn)110¥8 ¢Jn dl8P0881 of trnglble fixed asoet$ Gain on d18pOl of Investments Falr value galn• and IcA8e8 on Inv•8tm8nt prop8rt188 D8prodatlon and ImpAlm)gnt oftsnglblfr fd (845.4881 128.983) 1706.843) 8.685 182,768) (2.244,000) 128,009 3.249.800 127,334 Plov•mgnts In worklno rApllal: Deuea8e In debtorn Inu0alld1cr*88•l tn cxodMor• 104,005 51,734 2,072 (8.6941 C••h 4hort>•d by op•r•tlon• {521,6191 1452,5281 33 Anaty•lB of chang•• In nol fvndl Th• trutt had no m•t•rlal debt durfng th• y•ar.