## 



## 

## 



## 

|Trustees|MrEWhitley|
|---|---|
||MrsPAWhitley|
||MrsVThompson|
||MrEJWhitleyOBE|
||MrJWhitley|
|Charityregistered||
|number|236746|
|Principaloffice|9CorveStreet|
||Ludlow|
||Shropshire|
||SY81DE|
|Secretary|MrsSSmith|
|Independentauditors|WRPartners|
||Charteredaccountants|
||BelmontHouse|
||ShrewsburyBusinessPark|
||Shrewsbury|
||Shropshire|
||SY26LG|
|Bankers|NationalWestminsterBankPLC|
||217DeanStreet|
||TheTelfordCentre|
||Telford|
||Shropshire|
||TF34BT|
|Solicitors|mfgSolicitorsLLP|
||9CorveStreet|
||Ludiow|
||Shropshire|
||SY81DE|
|investmentAdvisors|CannaccordGenuityWealthLimited|
||41Lothbury|
||London|
||EC2R7AE|





## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 



## 

## 

||||General|Total|Total|
|---|---|---|---|---|---|
|||Capitalfund|fund|funds|funds|
|||2024|2024|2024|2023|
||Note|£|£|£|£|
|INCOMEANDENDOWMENTSFROM:||||||
|Investments|2|-|297,276|297,276|337,202|
|TOTALINCOMEANDENDOWMENTS||-|297,276|297,276|337,202|
|EXPENDITUREON:||||||
|Raisingfunds|4|-|51,889|51,889|48,276|
|Charitableactivities||-|225,091|225,091|264,269|
|TOTALEXPENDITURE|3|-|276,980|276,980|312,545|
|NETINCOMEBEFOREOTHER||||||
|RECOGNISEDGAINSANDLOSSES||=|20,296|20,296|24,657|
|Gains/(losses)oninvestments||563,585|-|§63,585|455,087|
|NETMOVEMENTINFUNDS||563,585|20,296|583,881|479,744|
|RECONCILIATIONOFFUNDS:||||||
|Totalfundsbrought forward||10,564,267|335,211|10,899,478|10,419,734|
|TOTALFUNDSCARRIEDFORWARD||11,127,852|355,507|11,483,359|10,899,478|





## 

## 

||||2024||2023|
|---|---|---|---|---|---|
||Note|£|£|£|£|
|FIXEDASSETS||||||
|Investments|9|11,127,852|||10,564,267|
|CURRENTASSETS||||||
|Debtors|11|508||479||
|Cashatbankandinhand||406,932||370,316||
|||407,440||370,795||
|CREDITORS:amountsfallingduewithin||||||
|oneyear|12|(51,933)||(35,584)||
|NETCURRENTASSETS|||355,507||335,217|
|NETASSETS||11,483,359|||10,899,478|
|CHARITYFUNDS||||||
|Capitalfund|13|14,127,852|||10,564,267|
|Generalfund|13||355,507||335,211|
|TOTAL FUNDS||11,483,359|||10,899,478|
|Thefinancialstatementswereapprovedby|theTrusteeson|<br>28/05/25|<br>and|signedontheir|behalf,by:|





## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

|INVESTMENTINCOME|||||
|---|---|---|---|---|
|||General|Total|Total|
|||fund|funds|funds|
|||2024|2024|2023|
|||£|£|£|
|Equitiesandunittrusts||208,335|208,335|232,929|
|U.K.GovernmentStocks||813|813|344|
|Otherfixedinterest|:|60,757|60,757|68,556|
|Bankinterest-gross||27,371|27,371|35,373|
|||297,276|297,276|337,202|
|Total2023||337,202|337,202||





## 

## 

## 

|||Othercosts|Total|Total|
|---|---|---|---|---|
|||2024|2024|2023|
|||£|£|£|
|Expenditureoninvestmentmanagement||51,889|51,889|48,276|
|Costsofraisingfunds||51,889|51,889|48,276|
|Directcosts~Activities||225,091|225,091|264,269|
|||276,980|276,980|312,545|
|Total2023||342,545|312,545||
|INVESTMENTMANAGEMENTCOsTS|||||
|||General|Total|Total|
|||fund|funds|funds|
|||2024.|2024|2023|
|||£|£|£|
|Investmentmanagementfees||51,889|51,889|48,276|
|Total2023||48,276|48,276||
|ANALYSISOFEXPENDITUREBYACTIVITIES|||||
||Grant||||
||fundingof|Support|||
||activities|costs|Total|Total|
||2024|2024|2024|2023|
||£|£|£|£|
|Charitableexpenditure|204,000|21,091|225,091|264,269|
|Total2023|241,000|23,269|264,269||





## 

## 

## 

|ANALYSISOFGRANTS||||
|---|---|---|---|
||Grantsto|||
||institutions|Total|Total|
||2024|2024|2023|
||£|£|£|
|Grants,institutional|204,000|204,000|247,000|
|Total2023|247,000|241,000||
|||2024|2023|
|||£|£|
|GameandWildlifeConservationTrust-CurlewCountry||60,000|60,000|
|WhitleyFundforNature||59,000|85,000|
|WildFish-RiverOnny||34,000|-|
|OxfordWILDCRU-WhitleyAnalyst||25,000|25,000|
|SustainableInshoreFisheriesTrust||23,000|25,000|
|GameandWildlifeConservationTrust-Allerton||6,000|3,000|
|COAST||2,000|5,000|
|FaunaandFloraInternational-General||2,000|5,000|
|AssociationfortheProtectionofRuralScotland||2,000|2,500|
|RSPB-Orkney||-|16,000|
|TheConservationVolunteers||”|3,000|
|SoilAssociation||-|3,000|
|NationalForest||-|3,000|
|Plantlife||-|3,000|
|RSPBScotland-Capercaillie||-|2,500|
|Total||204,000|241,000|





## 

## 

## 

|SUPPORTCOSTS||||
|---|---|---|---|
|||Total|Total|
||Activities|2024|2023|
||£|£|£|
|Auditor'sremuneration|8,765|8,765|8,040|
|Accountancyservices|9,168|9,168|9,085|
|Legalfees|3,142|3,142|4,999|
|Bankcharges|38|38|40|
|Trustee'sindemnityinsurance|1,190|1,190|1,105|
|Exchangeratedifference|(1,212)|(1,212)|~|
||21,091|21,091|23,269|
|Total2023|23,269|23,269||



## 

## 

|FIXEDASSETINVESTMENTS||||
|---|---|---|---|
||Listed|Other||
||securities|investments|Total|
||£|£|£|
|Marketvalue||||
|At1January2024|9,761,386|802,881|10,504,267|
|Additions|2,594,085|(523,568)|2,060,517|
|Disposals|(2,060,517)|-|(2,060,517)|
|Revaluations|563,585|-|563,585|
|At31December2024|10,848,539|279,313|41,127,852|
|Investmentsatmarketvaluecomprise:||||
|||2024|2023|
|||£|£|
|Listedinvestments<br>Otherfixedassetinvesiments||10,848,539<br>279,313|9,761,386<br>802,881|
|Totalmarketvalue||11,127,852|10,564,267|





## 

## 

## 

|10.|AUDITORS’REMUNERATION|AUDITORS’REMUNERATION|AUDITORS’REMUNERATION|
|---|---|---|---|
||TheremunerationamountstoanAuditfeeof£8,765(2023-£8,040),andaccountancyservicesof£9,168|||
||(2023-£9,085).|||
|i414.|DEBTORS|||
|||2024|2023|
|||£|£|
||Prepaymentsandaccruedincome|508|479|
|12.|CREDITORS:Amountsfallingduewithinoneyear|||
|||2024|2023|
|||£|£|
||Accrualsanddeferredincome|17,933|19,584|
||Grantsaccrued-institutional(includedinNotes5&6)|34,000|16,000|
|||51,933|35,584|





## 

## 

## 

||||||Balanceat|
|---|---|---|---|---|---|
||Balanceat||||31|
||1January|||Gains/|December|
||2024|Income|Expenditure|(Losses)|2024|
||£|£|£|£|£|
|Generalfund||||||
|GeneralFunds|335,211|297,276|(276,980)|.|355,507|
|Capitalfund||||||
|EndowmentFunds|10,564,267|-|-|563,585|11,127,852|
|Totaloffunds|10,899,478|297,276|(276,980)|563,585|11,483,359|
|STATEMENTOFFUNDS-PRIORYEAR||||||
||||||Balanceat|
||Balanceat||||,<br>31|
||1January|||Gains/|December|
||2023|income|Expenditure|(Losses)|2023|
||£|£|£|£|£|
|GeneralFunds|310,554|337,202|(312,545)|-|335,271|
|EndowmentFunds|10,109,180|-|-|455,087|10,564,267|
|Totaloffunds|10,419,734|337,202|(312,545)|455,087|10,899,478|





## 

||||||Balanceat|
|---|---|---|---|---|---|
||Balanceat||||31|
||{January|||Gains/|December|
||2024|income|Expenditure|(Losses)|2024|
||E|E|E|£|£|
|Generalfund|335,211|297,276|(276,980)|-|355,507|
|Capitalfund|10,564,267|-|~|563,585|11,127,852|
||10,899,478|297,276|(276,980)|963,585|11,483,359|
|SUMMARYOFFUNDS-PRIORYEAR||||||
||||||Balanceat|
||Balanceat||||34|
||1January|||Gains/|December|
||2023|income|Expenditure|(Losses)|2023|
||if|£|£|£|£|
|Generalfund<br>Capitalfund|310,554<br>70,109,180|337,202<br>-|(312,545)<br>-|-<br>455,087|335,211<br>10,564,267|
||10,419,734|337,202|(312,545)|455,087|10,899,478|





## 

## 

## 

## 

|||General|Total|
|---|---|---|---|
||Capitalfund|fund|funds|
||2024|2024|2024|
||£|£|£|
|Fixedassetinvestments|11,127,852|”|41,127,852|
|Currentassets<br>Creditorsduewithinoneyear|-<br>-|407,440<br>(51,933)|407,440<br>(51,933)|
||11,127,852|355,507|11,483,359|
|ANALYSISOFNETASSETSBETWEENFUNDS-PRIORYEAR||||
||Capitalfund|Generalfund|Total|
||||funds|
||2023|2023|2023|
||£|£|£|
|Fixedassetinvestments|10,564,267|-|10,564,267|
|Currentassets<br>Creditorsduewithinoneyear|-<br>-|370,795<br>(35,584)|370,795<br>(35,584)|
||10,564,267|335,211|10,899,478|