REGisfERED CHARrtY NUMBER: 259746
Whitehill Chase Foundation Trust
Report ofthe Trustees and
Unaudited Financial Statementsforthe Year Ended 3tst December 2024

Whitehill Chase Foundation Trust
Contents of the Finanual Statements
for the Year Ended 31st December 2024
Page
Report of the Trustees
Independent Examlner's Report
Statement of Financial Artivrlies
Balancè Sheet
Notes to the FTrnanclal Stateménts
7 to 10

Whitehill Chase Foundation Trust
Report of the Trustees
for the Year Ended 31st December 2024
The tru5tee5 present their report with the financial statements of the charity for the year ended 31st December 2024.
The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charitie5 preparing their accounts in actordante with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 leftective l January 20191.
OBJEcfivES AND AcmimES
Objectives and alms
The trust was founded with the purpose of supporting such other charitable organisations as the trustees may decide.
From 1988 until May 2020. the main beneficiary of the tTUSt was The Acom Christian Foundation which occupied the
buildings at Whitehill Chase. Following The Acorn Christian Foundation lea￿Thg Whitehill Chase in May 2019, further
grants were made up to May 2020 after which no further grants were made. Owing to the dtsruption caused by the
negotiations regarding the sale of Whitehill Chase during the year ended 315t December 2021 no grants were made in
the year. Following the receipt of the funds from the sale of Whttehill Chase in the year ended 31st December 2022
the trustees recommenced the awarding of grants.
A summary of the trust's statement of financial activities for the year is given on page 5 of these accounts.
The trust aims to continue the making of grants in the year ended 31st December 2025.
Public Benefit
When planning activities and considering the making of grants, the trustees have considered the Charity Commission's
guidance on public benefit and in particular, the specifK guidance on charities for the advancement of religion and the
advancement of health.
The trustees believe that they fulfil these airn5 by the rnaknng of grants to other charities with aims in accordance with
the charity's objectives. The trustees have deterniined that priority will be given to charities that are, lotal to the
Bordon and Whitehill area. support people who are in genuine need and where the donation will be used for a specifi'c
purpose.
ACHIEVEMENT AND PERFORMANCE
Inve5trnent income decreased by 4% compared to the year ended 31st De￿mber 2023.
During the year 40 grants totslling £113,261 were made to 38 different charitable or8ani5ations.
FINANCIAL REVIEW
Invertment policy and objertives
The trustees have the power to invest in such assets as they see fft.
The investment objective is to grow the reèl valuè of both capital and income streams over time.
Duiing the year the trustees made the decision to change investrnent managers and to split the investment portfolio
between Rathbones Investment Management limited and Sarasin Partners LLP. The portfolio is now invested in
managed fund5 provided by these irbve5tment managers.
There was a realised gain on the transfer of the investments from Brewin Dolphin to the new investment Managers
of £199,282. There has, however, subsequently been a decrease in the value of the listed investments transferred of
£9,957.
Re5erve5 policy
Free reserves Ithat is funds not invested in fixed assets represented approximately three months expenditure as at
31st December 202412023- two months). The trustees consider this level of reserves to be appropriate.
Page I

Whitehill Chase Foundation Trust
Report of the Trustees
for the Year Ended 31st December 2024
FUTURE PLANS
The trustees intend to continue to make grants to such other tharitsble organisation5 that are in accordance with the
charity's objective5.
SThUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
Whitehill Chase Foundation Trust is ￿gistered with the Charity Commissioners and constituted by Deed of Trust dated
16th February 1969. as amended by a Deed of Appointment dated 17th November 2(KTr3.
Organisational structure
The trustees met a number of times durFng the year ended 31st Decernber 2024. The majority of these discussions
related to the awarding of 8rants and matters relating to the govemance of the charity-
REFERENCE AND ADMINISTRATIVE DETAILS
Reg15tered Charlty number
259746
Princlpal address
The Thatch.
FraFnpton Mansell
Stroud
Gloucestershire
GL68LG
Trustees
Mrs C J Dickinson
C D R Morgan
Mr5 C H l Morgan
Baroness N I Schrager von Altishofen (appointed 14.2.241
C S Lawrence-mills (appointed 14.2.241
Independent Emamlner
D A Sanders BA (Honsl FCA
Sheen Stickland
Chartefed Accouniants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2
Bankers
C4F Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME1941Q
Page 2

Whitehill Chase Foundation T￿$t
Report of the Trustees
for the Year Ended 31st December 2024
REFERENCE AND ADMINISTRATIVE DETAIiS
Solldtors
Stone King LLP
Upper Borough Court
Upper Borough Walls
Bath
BAI IRG
Investrnent Advisers and Managers
Brewin Dolphin Limited
Vantage Point
Woodwatér Park
Pyne5 Hill
Exeter
EX2 5FD
Rathbones Investment Management knmited
30 Gresham Street
London
EC2V 7QN
Sarasin & Partners ILP
Juxon House
l(Kl St Paul's Churchyard
London
EC4M 8BU
The power to appoint new or additional trustees is vested in the existing trustees.
Prospertive trusteès are given an introduction to the work of the trust and information on the role of trustees and
Charity Law.
Approved by order of the board of trustees on 14th May 2025 and signed on its behalf by=
Mrs C J Dickinson- Trustee
Page 3

Independent Examlner's Report to the Trustee5 of
Whltehill Chase Foundation Trust
Indèpendènt txamlnèr's report tothe trustees of Whitehill Chase Foundation Trust
I report to the charity trustee5 on my examination of the accounts of Whitehill Chase Foundation Trust Ithe Trust) for
the year ended 31st December 2024.
Responslb511tles and basls of report
As the charity trustees of the Trnst you are responsible for the preparation of the acryjunts in accordance with the
requirements of the Charities Act 2011 Ilhe Act'l.
I report in re5pert of my examination of the Trust's accounts cairied out under Section 145 of the Act and in carrying
out my examination I have followed all applicable Direciions given by the (harity Commission under Section 14515llbl
of the ACL
Independènt examlnevs statèmènt
I have completed my examination. I tonh.rm that no material matters have come to my attention in connertion wth
the examination giving me c3use to believe that in any materbal respect..
accounting records were not kept in respect of the Trust as required by Section 130 of the Art,. or
the accounts do not accord with those records- or
the accounts do not comply with the applicable ￿qUirementS conceming the form and tontent of accounts set
out in the Charities (Accounts and Reports) Regulations 2LK18 other th3n any requirement that the accounts
give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connettion with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
D A Sanders BA IHon51 FCA
Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2
16th May 2025
Page 4

Whitehill Chase Foundation Trust
Statement of Financial Activities
for the Year Ended 31st December 2024
2024
Endowment
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
122.294
127,255
EXPENDrruRE ON
Raising funds
18,319
25,333
Charitable activities
Management and administration
Grants to institutior¢s
6,769
113,261
8.656
129.495
Total
138.349
163,484
Net gain5 on investments
189.325
143,448
NETINCOME
173.270
107.219
RECONCIUATION OF FUNDS
Total funds brought forward
4.171.816
4.064.597
TOTAL FUNDS CARRIED FORWARD
4.345.086
4.171,816
The notes forni part of these financial statements
Page 5

Whitehill Chase Foundation Trust
Balance Sheet
315t December 2024
2024
Endowment
fund
2023
Total
funds
Notes
FIXED ASSETS
Investments
4.313.159
4,146,494
CURRENT ASSETS
Debtors
Cash at bank
7,317
32,500
38,757
38,757
39.817
CREDITORS
Amourits falling due within one year
io
16.8301
114,4951
NET CURRENT ASSErs
31.927
25.322
TOTALASSEfs LESS CURRENT UABILMES
4.345.086
4,171,816
NET ASSErs
4.345.086
4.171.816
FUNDS
Endowment funds
li
4.345.086
4,171.816
TOTAL FUNDS
4.345.086
4.171,816
The financial statements werè approvèd by thè Board of Trustees and 8￿h0n$ed for issuè on 3rd May 2025 and were
signed on its behalf by=
Mrs C J Dickinson- Trustee
C D R Morgan- Trustee
The notes fom part ofthese financial statements
Page 6

Whitehill Chase Foundation Trust
Notes to the Financial SLiternents
for the Year Ended 31st December 2024
ACCOUNTING pouaES
Basis of preparing the financial statements
The financial statements of the charity. which is a public benefit enttty under FRS 102. have been prepared in
accordarhce with 'Accourbting and Reporting by Charitie5= Statement of Recomfflended Pr3ctice applicable to
charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 (effective 1st january 20191- (Charities SORP IFRS 10211., The Financial Reporting
Standard applicable in the UK and Republic of Ireland- IFR51021' and the Charities Act 2011.
The financial staternents have been prepared under the historical cost convention wr(h the exception of
investments which are incl(Jded at market value.
The financial statements have been prepared on the 80in8 concern basis 35 the trustees do not consider that
the effects of the conflict in Ukraine or the current financial situation will impact on the charity's ability to
continue to operate.
Income
All income is recognised in the Staternent of Financial Artivities once the charity has entitlement to the funds.
it is probable that the income will be receive(l and the amount can be measured reliably.
Expendrturt
Lt3bilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals ba51S
and ha5 been classtfied under headings that aggregate all cost related to the category. Where costs cannot be
directly attributed to particular headings they have been allocated to activitie5 on a basis con51Stent with the
Use of resources.
Grants offered subjett to tondwtions which have not been met at the year end date are noted as a
commitment but not accrued a5 expendrture.
Taxatlon
The charity is exempt from tax on tts charttable actNtttes.
INVESTMENT INCOME
2024
2023
UK dwidends and distributiODS from UK unrt trusts
Overseas dividends
Interest on UK fixed interest securities
Interest on overseas fixed interest securitiès
8ank deposlt interest
74,532
18,854
9.404
12.945
6,559
79.662
22,283
5.701
14.120
5,489
122,294
127.255
Page 7
continued...

Whitehill Chase Foundation Trust
Notes to the Financial Ststements- continued
for the Year Ended 31st December 2024
RAISING FUNDS
Investment management Costs
2024
2023
Investment manager's fee
18,319
25.333
TrusrEES' REMUNERATION AND BENEFITS
Thère were no trustees. remuneration or other benefits for the year ended 31st December 2024 nor for the
year ended 31st December 2023.
Trustees. expenses
2024
2023
Tnjstees, expen5e5
254
375
Expenses were reimbursed to four tnjstees during the year ended 3tst December 202412023- threel.
The charity ha5 purchased trustee indemntty insuraft￿ at a cost of £15712023- £157).
COMPARATIVES FOR THE STATEMENTOF FINANCIALACTIVITIES
All of the income, expenditure and net gains and losses on investments in the year ended 31st December 2023
relate to the endowment fund of the charity.
MANAGEmETr￿ AND ADMINisfRATION
2024
2023
Tru5tees' expeftses
Insurance
Independent examinerfs remuneratton
Other accountancy fees
Legal and professional fee5
Bank charges
254
157
3,150
2,332
780
96
375
157
2.850
3,430
1,770
74
6.769
8.656
Page 8
continued...

Whitehill Chase Foundation Trust
Note5 to the Financial Statements- continued
for the Year Ended 31st December 2024
GAINSILOSSES ON INVESTMEP
2024
2023
Realised gainlllossl on disposal of listed irwestments
Unrealised gainlllossl on revaluation of listed investments
199,282
19.957
118,0601
161,508
189,325
143,448
FIXED ASSET INVESTMENTS
Listed Investments
2024
2023
Valuation at 1st January 2024
Additions
Disposal proceeds
Net realised gains/llossesl
Net unrealised gainslllossesl
4,096,502
S,(X)0,585
14.975.657)
199.282
19,9571
3,117,744
1,392,241
1556.9311
118.0601
161.508
Valuation at 31st December 2024
4.310.755
4.096.502
Historical cost at 31st December 2024
4,323,118
3,771,647
Cash
49,992
Total investment assets
4.313.159
4,146.494
DEBTORS: AMOUNTS FAWNG OUE wrtHIN ONE YEAR
2024
2023
Accrued income
7.317
Page 9
continued...

Whitehill Chase Foundation Trust
Notes to the Financial SLitemerkts- continued
for the Year Ended 31st December 2024
io.
CREDITORS.. Amoufffs FALUNG DUE WITHIN 014E YEAR
2024
2023
Other creditors
Accruals
375
14.120
6,830
6.830
14,495
ii.
MOVEMENT IN FUNDS
The charity has a sin8le endowment fund and all the transactions in the year ended 31st December 2024 and
previous years relate to that fund.
Following the transfer to the charity ol thè buildings at Whitehill Chase in 1969 surplus land was sold and the
proceeds invested in listed investments by the trustees. In the opinion of the trustees the proceeds of those
sales taking place before the death of Miss Knowles were made with her express approv31 and therefore whilst
still forming part of the endowment fund may be distributed at the discretion of the trustees. The proceeds of
sales tsf land. however. taking pla￿ after the death ot Miss Knowles amounting to £2,730,282 cannot be
distributed.
12.
RELATED PARfrf DISCLOSURES
Other than as detailed in note 4 to the finantial statements. there were no related party transactions for the
year ended 31st December 2024.
Page 10