REGISTEREO CHARITY NUMBER.. 259746
Whitehlll Chase Foundation Trust
Report ofthe Trustees and
Unaudited Financial Statements forthe Year Ended 31st December 2025

Whitehill Chase Foundation Twst
Contents of the Financial Statements
for the Year Ended 315t December 2025
Page
Report of the Trustees
Independent Examinèr's Report
Statement of Financial Activittes
Balance Sheet
Notes to the Financial Statements
8 to 13
Detailed Statement of Financial ActI￿treS
14

Whitehill Chase Foundation Trust
Report of the Trustees
for the Year Ended 3tst December 2025
The trustees present their report with the financial Statements of the charity for the year ended
31st December 2025. The trustees have adopted the provisions of Accounting and Reporting by Ch3rities=
Statement of Recommended Practice applicable to charities preparing their aciounts tn accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January
20191.
OBJE￿IvES AND A￿1V￿E5
Objectives and aims
The trust was founded with the purpose of supporting such other charttable organisations as the trustees
May decide. From 1988 until May 2020. thÈ main beneficiary of the trust was The Acorn Christian
Foundation which occupied the buildings at Whitehill Chase. Following The Acorn Christian Foundation
leaving Whitehill Chase in May 2019, further glants were made up to May 2020 after which no further
grants were made. Owing to the disruption caused by the negotiations regarding the sale of Whitehill
Chase during the year ended 31st December 2021 no grants were made in the year. Following the receipt
of the ftjnds from the sale of Whitehill Chase in the year ended 31st December 2022 the trustees
recommenced the awarding of grants.
A summary of the trust's statement of financial actmties for the year is given on page 5 of these accounts.
The trust airns to continue the making of grants In the year ended 31st December 2025.
Publlc Benefft
When planning activities and considering the makinE of grants. the trustees have conssdered the Charity
Commission's guidance on publit benefit.
The trustees believe that they fulfil these aims by the making grants to charities and public institutions with
objettives of relief of poverty and suffering, advancement of education and promotton of he31in& to
benefit children, young people, the elderly and those in genuine need, in the United Kingdom but with a
partitular f(KUS on the Whitehill and Bordon area.
ACHIEVEMENTS AND PERFORMANCE
Investment income decreased by 8% in the year ended 3tst December 2025.
During the year 39 Erants totalling £118.162 12024- £113,261) were made to 34 different charitable
organisations.
FINANCIAL REVIEW
Investment policy and objective5
The trustee5 have the power to invest in such assets as they see fit.
The investment objective is to grow the real walue of trM)th capital and income stream5 oveT time.
As at 31st December 2025 the value of the listed investments was £4,572,53212024- £4.313.1591
Page I

Whitehill Chase Foundation Trust
Report of the Trustees
for the Year Ended 31st December 2025
FINANCIAL REVIEW
Reserves policy
The Trust's poliry is to generatÈ SLrfficient funds and investment income to cover expend"rture each year. As
at 31st December 2025 the reserves balance was £4,576,61012024.. £4,345,086).
Following the transfer to the charity of the buildings at WhitehÈll 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 approval and.
therefore whilst still forming part of the endowment fund, may be distributed at the discretion of the
trustees. The proceeds of sales ol land. however, taking place after the death of Miss Knowles, amountln8
to £2.730.282. cannot be distributed.
Therefore, the balance of free reserves (that is total funds less proceeds unable to be distributed) at the
year end was £1.846.328 12024.. £1,614.8041. The trustees consider this level of reserves to be appropriate
to cover the level of expenditure.
Going contem
Investments held by the charity have a market value of £4.6m as at 31st December 2025. These are highly
liquid assets, which can be sold to generate additional cash if required by the charity.
On consideration of the above, the board of trustees consider the charity to be in a strong financial
position to continue as a going concem for the foreseeable future.
FUTURE PiANS
The trustees intend to continue to make grants to Such other charitable organisations that are in
accordance with the charity's objective
5fRu￿UAE, GOVERNANCE AND MANAGEMEI
Governing document
Whitehill Chase Foundation Trust is registered wilh the Charity Commissioners and constituted by Deed of
Trust dated 16th February 1969. as amended by a Deed of Appointment dated 17th November 2CMJ3.
Recruitment and appointment of new trustees
Our policy for the appointment of trustees is presented within the charity's Memorandum point 14.
The power of appointment of new trustees is vested in the existing trustees. An additional trLtstee may be
appointed at any time.
Organisational strurture
The trustees met a number of times during the year ended 31st December 2025. The majority of these
discussions related to the awarding of grants and matters relating to the Èovernance of the charity.
REFERENCE AND ADMINISTRATIVE o￿AlL$
Registered Charity number
259746
Page 2

Whitehill Chase Foundation Trust
Report of the Trustees
for the Year Ended 31st December 2025
Principal address
The Thatch,
Frampton Mansell
Stroud
Gloucestershire
GL68LG
Trystees
Mrs C l Dickinson
C D R Morgan
MrsCH Lmorgan
Baroness N J Schrager von
C S Lawrence-mills
Independent Examiner
D A Sanders BA IHons1 FC4
Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2Yr
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Solicitors
Stone King LLP
Upper 8orough Court
Upper Borough Walls
83th
8A1 IRG
Investmènt Advisers and Managers
Rathbones Investment Management ￿mItèd
30Gresham Street
London
EC2V 7QN
Sara5in & Partners LLP
50 George 5t
London
WIU 7DY
Page 3

Whltehill Chase Foundatlon Tntst
Report of the Trustees
the Year Ended 31st Decendjer 2025
EFERENCEAND ADMINisfRATIVE ￿All$
The powerto appoint newor additi(￿41 trustees $ vested in tt* existin8tr4Stee&
Prospethe trustees a￿ an introdudion to the work of the trust and infornmtion on the role of
trustees and Charity Law.
Approved by orderof the board of tntStees on...... ....-...... ....... ..._
nd 4ned on rts tehalf lry:
C D R Morgan- Trustee
Page 4

Independent Examiner'5 Report to the Trustees of
Whitehill Chase Foundation Trust
Independent exarniner's report to the trustees of Whitehill Chase Foundat•on Trust
I report to the charity trustees on my examination of the accounts of Whitehill Chase Foundation Trust (the
Trust) for the year ended 31st December 2025.
Responsibilities and basis ol report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance
wrth the requirements of the Charttie5 Art 20111'the Act'l.
l ￿pOrt in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and
in carrying out my examination I have followed all applrcable Directions given by the Charity Commission
Ljnder Section 14515llbl of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any materi31 respert-
accounling records were not kepi in respect of the Trust as required by 5e¢tiorb 130 of the Art: or
the accounts do not accord with those records- or
the accounts do not comply wirh the applicable requirements Con￿mIng the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2c￿8 other than 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 connection with the examination to which
attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be
reached.
D A Sanders BA (Honsl FCA
Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2
Date..
Page 5

Whitehill Chase Foundation Trust
ststement of Financial Artivfties
for the Year Ended 31st December 2025
2025
Endowment
fund
2024
Total
funds
Notes
INCOME AND ENDOWMEpifs FROM
Investment income
111,888
122,294
EXPENDITURE ON
Raising funds
26.930
18.319
Charitsble arti￿￿e5
fv1anagement and administration
Grants to institutions
5.753
118,162
6,769
113,261
Total
150,845
138,349
Net gains on investments
265,639
189,325
NET INCOME
226.682
173,270
RECONCILIAnON OF FUNDS
Total funds brought forward
4,345,086
4,171,816
TOTALFUNDSCARRIED FORWARD
4,571,768
4.345,086
The notes form part of these financial statements
Page 6

Whltehnl Chase Foundatlon Trust
Balance Sheet
31rt Decemljer 2025
2025
Endowment
fund
2024
Total
funds
Notes
HXED ASSETS
Investments
45n.522
4,313,159
CURRENT ASSETS
Cash at bank
27,195
38,757
CREDITORS
Amounts falli￿ due vAthin one year
127.9491
16,8301
17541
31.927
TufAL ASSEfs LESS CURRENf LIABILMES
4,571.768
4,345,1
4,571,768
4.345,086
FUNDS
Endowment fijnds
li
4,571.768
4,345.086
TOTAL FUND5
4,571,768
4,345,086
The fin8nclal 5tatemerrts were approved by the Board of Tnjstees and authorised for issue on
C D R Morgan-Trustee
The notes form part of these financial rtatements
Page 7

Whitehill Chase Foundation Trust
Notes to the Financial Statements
for the Year Ended 31st December 2025
STATEMENT OF COMPUANCÉ
The Whitehill Chase Foundation Trust is an unincorporated charity registered in England. charity
number 259746. The registered office is The Thatch. Fr3mpton Mansell. Stroud. Gloucesteishire.
GL6 8JG.
The financial 5tatement5 are presented in steding which is the functional currency of the charity and
rounded to the nearest pound.
ACCOUNTING POUCIES
Basis of preparing the financial Statements
The financial statements ol the charity. which is a public benefrt entity under FRS 102, have been
p￿pared in accordance with 'Ac¢ounting and Reporting by Charities- Statement of Recommended
Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FR5 1021 leffettive 1st january 20191
Icharities SORP (FR5 10211,, The Financial Reporting Standard applicable in the UK and Republic of
Ireland - IFRS1021' and the Charities Act 2011.
The financial statements have been prepared under the hFStorical cost convention with the
exception of investments whKch are included at market value.
Income
All income is ￿Co￿nised in the Statement of Financial ActNities once the charity has entitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities 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 accrua15 bays and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to activities on a basis consrstent with the use of resources.
Grants offered subjert to cond>tions which have not been met at the year end date are noted as a
commitment but not accrued as expendrture.
Taxation
The charity is exempt from tax on its charstable activities.
Flnanclal i1￿truMents
The charrty only has financial assets and financial liabilities of 3 kind that qualtfy as bhsic financial
instruments. Basic financial instruments are initially recognised at transartion value and
subsequently measured at their Settlement V31ue.
Investments
All quoted investment are stated at market value. Unquoted investments are included by the
Trustees at their best estimate of market value based on the information readily available.
Page 8
continued...

Whitehill Chase Foundation Trust
Notes to the Financial Statements- continued
for the Year Ended 31st December 2025
ACCOUNTING pouaES- continued
Financial instrnments
Rè31ised and unreali5ed gains and losses
All gain5 and losses are taken to the Statèment of Financial Activitie5 as they arise. Realised gains
and losses on investments are talculateil as the difference between sales proceeds and opening fair
value IpLJrchase date if later). Unrealised gains and losses are calculated a5 the difference between
the fair value at the year end and opening fair value lor purchase date rf later). Realised and
unrealised gains are not Separated in the Statement of Financial Activities.
Cash and cash equivalents & cY￿ent a55et investments
Cash and cash equivalents include cash at bank and other short-term liquid investment5 With original
maturities of three months or less. Curient asset investments represent short-term investments
with original maturities of more than three months.
Creditors
Creditors and prov¢sions are measured at their settlement value.
Fund Accounting
Unrestricted funds can be used in accordance wtth the charitable objectives at the discretion of the
trustees.
INVEsfMENT INCOME
2025
2024
UK dividends and distributions from UK unit tnjsts
Overseas dividends
Interest on UK fixed interest securities
Interest on overseas fixed interest securities
Bank deposit interest
111,334
74,532
18.854
9,404
12,945
6,559
490
111.888
122,294
Page 9
continued...

Whitehill Chase Foundation Trust
Notes to the Financial Statements- continued
forthe Year Ended 31st December2025
RAISING FUNDS
Investment management costs
2025
2024
Investment manager's fee
25,340
18,319
TRUSTEES. REMUNERATION ANO BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31st December 2025 nor
for the year ended 31st December 2024.
Trustees. expenses
2025
2024
Trustees, expenses
219
254
Expenses were reimbursed to I tnjstee during the year ended 31st December 202512024- 41.
The charity purthased trustee indemntty insurance at a c05t of £nil12024- £1571.
COMPARATIVES FOR THE STATEMENT OF FINANCIALACTivmES
All of the income, expenditure and net gains and 1055es on investments in the year ended
31st December 2024 relate to the endowment fund of the charity.
MANAGEMENT AND ADMINisfRATION
2025
2024
Trustees, expenses
Insurance
Independent examiner's remuneration
Other accountancy fees
Legal and professional fees
Bank charges
219
254
157
3,150
2.332
780
96
3,310
2,450
1,290
74
7,343
6.769
Page 10
continued...

Whitehill Chase Foundation Trust
Notes to the Financial Statements- continued
for the Year Ended 31st Deiember2025
GAINSILOSSES ON INVESTMENTS
2025
2024
Realised gainlllossl on disposal of listed investments
Vniealised gain1llo￿l on revaluation of listed investments
14.431
251,209
199,282
19.9571
265.640
189.325
FIXED ASSEf INVESTMEP￿s
Listed Investments
2025
2024
Valuation at 1st january 2025
Additions
Disposal proceeds
Net realised E3ins/llossesl
Net unreali5ed gainslllossesl
4.310,754
4,096,502
636
5,000.585
118.7751 14,975,657)
14.431
199,282
251.209
19,9571
Valuation at 31st De￿Mber 2025
4,558.255
4.310.755
Historical cost at 31st December 2025
4.331.266
4.323,118
Cash
14,268
2,404
Total investment assets
4,572,523
4,313,159
Page 11
continued...

Whitehill Chase Foundation Trust
Notes to the Financial Statements- continued
for the Year Ended 31st December 2025
10. CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Accrua15
34
27.915
6,830
27.949
6,830
11. MOVEMENT IN FUNDS
The charity has a single endowment fund and all the tran5artions in the year ended
31st December 2025 and prewous year5 relate to ihat fund.
Incoming
Resourcès
Resources
expended
Net Gains on
Investments At 31.12.25
At 01.01.25
Unre5trirted Funds
Endowment Fund
4,345,086
112.129
1146,2441
265,639 4.576.610
4,345,086
112.129
1146.2441
265,639
4,576,610
Comparatives for movement in funds:
Incoming
Resour
Net Gains on
Investments At 31.12.24
At 01.01.24
expended
Unrestrirted Funds
Endowment Fund
4,171,816
122.294
1138.3491
189.325
4,345,086
4,171,816
122.294
1138.3491
189,325
4.345,086
Following the transfer to the charTty of the 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 approval and, thèrefore whilst still fom)ing part of the endowment fund. may be distribLtted
at the discretion of the trustees. The proceeds ot sale5 of land, however. taking place after the death
of Miss Knowles, 3mounting to £2.730.282. cannot be distributed.
Page 12
continued...

Whitehill Chase F(￿ndation Trust
Notes to the Financial SLitements- continued
for the Year Ended 31st December 2025
12. RELATED PARTY DISCLOSURES
Other than as detailed in note 4 to the financial statements. there were rbo related party
transactions for the year ended 31st December 2025_
Page 13

Whitehill Chase Foundation Trust
Detailed Statement of Financial Artivities
for the Year Ended 31st December 2025
2025
2024
INCOME AND ENDOWMETrirs
Investment income
VK dividend5 and distributions from UK unit
trusts
Overseas dividends
Interest on UK fixed interest securities
Interest on overseas fixed interest 5ecurtties
Bank deposit interest
111.334
74.532
18.854
9,404
12.945
6,559
490
64
111.888
122.294
Total incoming resources
111,888
122.294
EXPENDITURE
Investment management ￿$ts
Investment manager's fee
25,340
18,319
Charttable act￿ltIeS
Bank charges
Insurance
Grants to institutions
74
96
157
113.261
118,162
118,236
113,514
Support tosts
Management
Trustees. expenses
219
254
Governance costs
Acco(Jntancy fees
Legal and professional fees
5.7FA)
1,290
5,482
780
7,050
6,262
Total resources expended
150.845
138,349
Net expenditure
138.9571
116.0551
This page does not form part of the statutory financial statements
Page 14