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 B￿1n0# 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 tr￿f$ go¥wnty doAxnrt th8 CoThpant88 Act 2008. FRS 102 Tr
Flnana81 Rep￿￿rvj Stand•rd aplkaNe In ts UK and RapJtlk ol ar#1 th• cr￿111•$ SORP 'Accountlng
and Reportlng ty Ch•r6Iey'. StateThth of R￿￿rr￿ Prn¢** app1kx￿6 kn dwblies prwrlNJ thew 8ts)yJnt• In
awudanc• the Flnanod Rewxtirvj Stsndafd apF4kth in thg LIK and of Irel￿d (FRS 102)".
ObJo¢tlvM and 8ctl¥ld
admlrlsler8 charita￿￿ 9hett6red accommodatyon n Stth*wt and Sheffdd, ￿ Is oc*>Jpled by Irmjlvlduali over
the aga of 55. The TnMt also ￿ar￿al￿ adarAed to a•¥l•t families wlth di￿led (*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 c￿￿1￿￿ 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 ￿rI0￿￿e•
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 flor*J was Iltreè years ago In 2022.
The Envirormierrt Agency bts VI￿ on the frequw offflocpJ*o 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 ￿ in￿rne 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￿.1￿*￿1e 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 f￿￿ty.
flood in January 2025.
(158358381. ￿1¢h becarm an FCA app￿￿￿ cl Conyullants knmlled In ordgr to
adminigter the Mathl Grant Tn￿t Equty ptylfrfio. T*thi(* ¥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 appl1￿1?10 lo Tw8t8 Ot*b.
•) FILthotlon• tn rrA￿at Val￿ Oft￿ awr•nt assot
After evAluthg tho rl8kJ to r•8•r4w aro ex￿8•d, Tru￿ wll •
c4mwohefth revi•w thornwJh dHWce of d•po8it Th? alm l¥ to •nhonc¢ tho
Comp•n8atth Sthwn• (FSCSI.
81rU￿rni gov•rn•n¢• *nd m•n•gwn•rt
Th8 Trust was ino)ry￿rAt0d 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.
O￿anISatIonal 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, RESI￿NsIBILrnES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees. who are 8180 ts al￿t0￿ rf HwAw.Vthite Tn￿t 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 Stal*n￿tt of Haww.Wh*aTrust (the *i*fi 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$ aP￿I￿abl? law and United lfjngdom A￿￿￿nting Stsndards. Induding Finandal
R•portlng Stsndard 102 Th& Finantr'al Repoth"ng Standard 8pplieabl@ ￿ th& UK and Repul)Kc of Iroland (United
Klngdom Gener&lty A￿pted A¢￿untIng PraL*ice).
In our Onlon. ts finandal statemet)￿.
gNe a true and fair vtew of the 8tate of the &￿Tilab￿ comp*W8 affalrs as 8t 31 Marth 2025 and ol It8
incorning •NI oppll(*m of k￿lUdIng rf8 i￿Orne 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 Aud￿n0 (UK) OS48 {UK)} and 8ppliL*ble
law. Our re8P¢M8lbllltie8 under those stsnd&rd8 are fitylher desulbed In the A￿aR0￿S Trsponsibllths forlh& of
th& financ￿1 statemonls ¥ecfton of our reporL V* are independent of the trust In a￿rdan¢* ￿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 $uffi¢tent and appToprtat8 to pro¥idè a b8s1s tr our oplnEon.
CoKluelon8 relallng to golng ¢•)nc•m
In audllng the finandal Statements. we have Cond￿led that ts tnt8to9$ u88 of the golng b06b af
accwiting in preparation of the finandal Staterr￿nts 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 $ignifiL*nt doubl on the trusf$ 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 ne￿k￿8 of th18 report.
othgr Inft)miatlon
The other Infomatlon comprfses the Infom*tlon 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￿￿$e expliady ststed In our report, Y￿ do not expre85 any form of assurance c¢ndu*>n thereon. Our
r¢￿r￿1b11fy i¥ tt> read the oth8r Inform￿on and. In doing ao. r￿n8(der whethgr the other Infomiatlon Is materially
tnconsistent the finano£l statements or our knowledge obtained in the wrse ofthg aud5t. or otheThvFge app8ar¥
to be Matert￿lY misstated. If we identify suth material incon8iSteMe8 or apparent matèri81 ml8Statsm8nts. we are
requlred to dgtsmlne whether th68 glveg rfse lo a materlal ml85tatsment in the financial ststemèrts themselves. If,
based on the wod( we have perfom*d, we t))ncI￿le that there Is a rffdtertal misstthent of th1$ 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 Infom*￿0￿ 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 ￿￿4￿dg& and und8T￿￿n9 ofthe trust Its 0n¥rfrc￿ ¢)tth￿d 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•p￿s￿ 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•c*iMry to
•Thor. In prgpwlng tha Iln•nd•l thI¢m￿. the tru•tw8 arn reyn•[b￿ for a••8Mlng the trusY$ abtuty to c*nVnue
• polng conc•m, dl8do¥lng. u •pplkxbl•. m8tt•rn f•lfti•d to g￿n9 Co￿•M and u8trvJ th• g￿ng b••l¥ of
accounOn9 un]088 th• tA￿t￿# •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 fra￿1 or wmr, and lo 18w• an •Jdlkntr# i•F#xt that Inf*Jd•# our opknlon.
R•asona￿e 88wranc4 18 4 hw18￿1 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. 1ndN1d￿lty or In aggr•gats. Itv o¥)uld Tea*)nabFy ￿ •xpeded to Influence
lffegular6tl•s. lThJudtry frwd, Wè In•tsnc*8 ol n￿<￿￿nc* T*th laws rngulalkm. lth d*n proc•duro8 In
Ilne vlth our refpon•1tr#l￿88. oudlmd ab¢yn. to d6t•(* fflat0rf￿ rrf8statan￿ In respect of InchKIINJ
fr•ud. Th& 0xt￿t trj procaurn8 4rn Ofd￿•￿ty lff•gLthIkn, trKluding fraud h dOtsm￿ bg1thY.
fr•ud and n¢n￿ance *tyth and r•gulaUorA. was •• f<kn*'
finandal StateTh￿ or the opwations ofthe dwity, Ir*1￿1￿ 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 ￿1￿C¥)MplI8n¢￿.
Aud￿n9 starKlards also lirTMi thè *Kfrt rwiired to id￿Y r￿r￿c￿mp￿ance *ryth lawJ and regulailons lo
Uue of our report
Thts report is madè sddy to th8 dwilth m*nbern. as a boty. n ￿l￿danr* T*Hh CIAptor 3 of P*116
oflhe Companles 20Q6. Our autht th has been undwlaken so that we mWt state lo the thwitable c¥)mpanVs
ILd￿St extent [e￿Itted 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 FINANcL4LAcTMT￿8
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 0ftsngl￿e 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 ReP￿tIng Standard appli*A8 in the UK Republlc of
Pra￿￿ app1[￿b￿ to tharilies preparlry thelr 8g)xbits in aC£Ayth￿e Financial ReporlirvJ Standard
appdIca￿e 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 tr￿t 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
EXpend￿re h daNBified athity. c¢•ls crf earh athty arn madg up ol the total of dlrnGI co•ls and
acts￿ty are to thèt ath¥lty. Sharnd c¢8ts *t*k* ￿ntrIbUte to m¢x• th8n one advlty and
p•rt rfth8 exwd￿rfj towhkth It rdat
Intalnlng of UK f￿ad •Met Invothy￿
mjlrtslnlng UK tharita￿e wco•rttM.
nagerr￿rt of the
•pportl¢)nod on an apwo• ba￿8. ￿ 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* r8*lud 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.
valua￿n8 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 IM￿l￿￿nI olllx•d •M•ts
thwo [8 Any kndlcallon that th¢xo 9•90ts havo 8uifw•d an ImpM*menl lom. If any 8uc*b 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 *P￿Y ts prtyélth of Sod¢)n 11 '8*dc Fln•nd•l S•L*kn 12.oth
FIn￿￿￿ 1ns1nw￿nts luuos. of FRS 102 to 411 ofll8 fin•ncW
a legalty •nforc￿trAe r*htto Mt off rec¢gni•ed amowts •rrfl th•r• l• •n Ir*8nkn Io •8lU• on a not
bail¥ or to r￿1#& th• 44••t and Uatslty
Ba•tc Iln4nd8f ae••t•. d•tth and calh 4wxI bth( k4ilalty M￿*UNd at
transgckn 5rKaudrt Ir8rA8thM o)8ts •r#Y we Iwrknd at Mst uslng the •ffectlvfr
11￿4•ur4d at th• vahje ofth• fttyr• r•L¥lpti dl*>>Jthd at a m*knt rnt• ol hrtw•st. FlnonGlo1088•ts
8a•lc flnancial 1th￿r￿•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 tr￿1 boon acqwrod In thg orthn•ry WUT¥• of
tiporakn• from 8UpF￿18TS. 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 ￿ d*0￿1 oftsnglble fflxed a0￿ts
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 Chaf1td￿fr 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 d￿Ing 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(M￿7O.o
£70,001Q80.000
£80,001490,L
con￿bUll0￿ 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 f￿ed 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
(conttrn￿d￿
tharp oNYr the ¢harflle¥ wop*ty. 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 rh*hln on• >
2024
Tradè Lyedrtorg
83.714
6,220
35,867
2.533
89,934
38.200
2024
15,461
12,449
owmenl fvnds can ￿ u￿d In 8cwdanc• *ith Iho 0tr4ed8 oftho trwt and IB Indud•d as urm
(y)m•. kny cl￿1 gaNx or lo1￿ on th• a•••ts *)rn pwl afth•fix#l.
At 1 Aprfl At 31 mA￿h
2024
2025
104.1
104.089

HEWER-WHITE TRUST
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
23 EndvATh•nt￿nd•
(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 w*itorn * to how th•y my b• u1￿. Ind￿1#
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<llibllth¥)
4,095,877
6,550,000
2,647,002
823.945
134.200
1,324.132
4.919,822
6,684,200
4,075,223
104,089
13,292,879
2,282277
104,089
15,879,245
27 Events aft8rthg r•porllng dats
Subwu8nt to th8 31 March 25 Invesknent properdes wern sold ￿vIng rhe to a gain of£280.IJOO.
28 Rolatsd party traThucllono
G. Gilmour porkn8r of the dtrector of Brooktech MaintenanL* S•rvice$ Lwnited. a limttgd cffj>ony whlch
proNrfde8 ThAlnten8nce to 8overal propgrU•s sJvn8d by the TNsL
During the year. the Twst mad# paymerts of £72,436 (2024: £7,521) to Brookteth Malntenance Llmlled for
Ixoperty maintenance 8eDhces.
There was an oulslwmllng balance of £6.051 at the balance sheèt dats. (2024: £NO)
-25-

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 In￿￿OratOd
on 12 Juty 2024 arml wai dorn*nt 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 prevIou￿Y..
. In￿d•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 d18pO￿l of Investments
Falr value galn• and IcA8e8 on Inv•8tm8nt prop8rt188
D8prodatlon and ImpAlm)gnt oftsnglblfr f￿d
(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
Inu0a￿lld1cr*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.