WHITEHALL CHARITABLE FOUNDATION
LIMITED
(Limited by guarantee
FINANCIAL STATEMENTS
31" DECEMBER 2024
Company Registration Number: 01273881
Charity Registared Number 272297

PAGE 1
WHITEHALL CHARITABLE FOUNDATION LIMITED
(Limited by guaranteé)
REPORT OF THE COUNCIL OF MANAGEMENT
The council has pleasure in submttting the annual report and financial statements of
Whitehall Charitable Foundation Limited for the year end8d 31$1 De￿mber 2024.
NAME AND REGISTERED OFFICE OF THE CHARITY
The full name of the Charity is Whitehall Chaiitable Foundation Limited and tts registered
Offi￿ is 5 Springlakes Estate, Deadbrook Lane, Aldershot, Hants GU12 4UH
OBJECTS
The company is registered as a charity. The objects of the company are as set out in the
Memorandum and Articles of Association and it is established for the benefrt of seafaring
men and woman and their families and such other members of the general public or
charitable organisation as may be deemed to be deserving, such benefit being given for
educational and welfare purposes.
The foundation does not undertake fund raising activities. and derives tts income from
investments.
CONSTITUTION
The charity was fomied as a company limited by guarantee on 19th August 1976.
The company registered number is 01273881
The charity registered number is 272297
Review of the Develo
ments Aclivities and Achievements durin
the
ear
The investments of the charily have decreased in value over the year due to disposals
exceeding additions, investments held have actually increased in value overall. The
investment managers are..
Charfes Stanley & Company Limited
55 Bishopsgate
London
EC2N 3AS
Donations are detailed in note 3 to the accounts.
Review of Transactions and Financial Position
Funds were raised from the charity's investments.
The funds available to the company are adequate to fulfil its current financial obligalions.

PAGE 2
Whitehall Charitsble Foundation Limited
(Limited by guarantee
Report of the Council of Management (continued)
Council of mana
ement
The members of the council of management are appointed by a majority vote of th8
¢ouncil and during the year were as follows-.
J M Tumbull
H T Turnbull
C E Lloyd Owen
anisation Structure
The foundation has no paid employees and all decisions are mad6 by the Council of
Management from its registered office.
Policies
The foundation's policy Is lo distribute up to two thirds of its net income by way of
donations and to invest the remainder in blue thip investments.
Funds
There are no restricted funds. The foundations fund5 are all available for distribution in
accordance with its objects and subject to its policies.
Investment Power
The Memorandum and Articles of Association of the company pemiit the investment of
money not irnmediately required for its objectives in any investments, as may be thought
fit.
Bankers
Barclays Bank PIC
Guildford Branch
Ranger House
Walnut Tree Close
Guildford, Surrey
GU14UL
Auditors
A special resolution was passed on 81h June 2005 whereby the need for an audit and the
appointment of audttor5 should cease.

PAGE 3
Whitehall Charitable Foundation Limit•d
(Limited by guarantee)
Report of the Council of Management (continued)
ncil of Mana
ement's res
Dnsibilili88
Company law requires the Council of Management to prepare financial stal-ments for
each financial year, which give a true and fair view of the slate of affairs of Ih.-: company
and of the income and expenditure of the company for tha period. In prep.'4ring those
riiidllLldl blilteiTienls, the GounGiI is required to..
select suitable accounting policies and then apply them consistently,.
make Judgements ana eslimates thal are reasonable and prudent.,
state whether applicable accounting standards have been followed, subi-¢t to any
material departures di5Glosed and explaiii¢d in Ilie fiiiaiiGial slaleiiiviils,
prepare the accounts on the going concem basis, unless it is inappropriate l) presume
that the foundation will continue in operation.
The council of management is responsible for keeping proper accounting rec irds which
disGlose with reasonable accuracy at any lime the financial position of the Coiiipany and
to enable it to ensure that the finanGial statements comply wilh the Companies Act 2006.
It has general responsibility tor taking such steps as are reason2bly np.Jn tn it tn
safeguard the assets of the company and prevent and detecl fraud or other irr-gularities.
By order of the council
SRFord
Coinpany 3vGretary
5 Springlakes Estate
Deadbrook Lane
Aldershot
Hants
GU124UH

PAGE 4
WHITEHALL CHARITABLE FOUNDATION LIMITED
{Limited by guarante8)
STATEMENT OF FINANCIAL ACTIVITES
FOR THE YEAR ENDED 31st DECEMBER 2024
Notes
2024
2023
Incorne and Expenditure
Incoming resources
Income from Investments
52.902
40.530
774
Income from fixed deposits & interest
773
Total Incoming Resour￿$
53,675
41,304
Resources Exp8nded
DireGt Charitable Expendrture
Grants Payable
Other Expenditurè
Administrative expenses
(23,000}
{22,000)
{3,269)
(3,2811
Totsl Resources Expended
(26,269)
{25.281)
Net Incoming Resources
Unrealised gains on investments
Unrealised losses on investments
Realised {loss)Iprofit on investments
27.406
64,412
(27.7331
10.930
16,023
81,003
(28,380)
(1,116)
Net movement in funds
75,015
67.530
Funds brought forward
46,981
68,290
Transfer from (to) Other reserves
25.942
(88.839)
Balanco carried forward
147,938
46,981
All funds are unrestricted incorrte funds.
The charitable company has no recognised gains or losses other than in the net
movement in funds for the year.
The incoming resources and resulting net movements in funds arise from continuing
operations.

PAGE 5
WHITEHALL CHARITABLE FOUNDATION LIMITED
(Limited by guarantee)
BALANCE SHEET
AS AT 318t DECEMBER 2024
Notss
2024
2023
Fixed assets
Investments
821,810
847,751
Current assets
Taxation recoverable
Cash at bank
Debtor
30,860
117,078
20,599
26,382
147,938
46,981
Credltors: amounts falling
due within one year
Net Current assets
147,938
46,981
Totsl assets less current
liabillties
969,748
894,732
Reserves:
Other feserves
Income and exFendrture account
821.810
147,938
847,751
46,981
969,748
894,732
For the year ended 31st Decemter 2024 the company was entitled to exemption under
Section 480 of the Companies Act 2006. No members have required the company to
obtain an audit of its accounts for the year in question in accordan￿ with section 476.
The dire¢tors acknowledge their responsibility for (i) Ensuring the company keeps
accounting records which comply wrth the Act,. and (li} Preparing accounts which give a
true and fair view of the state of affairs of the Gompany as at the end of its financial year
in accordance wrth the Act and whith otherwise comply with the requirements of the
Companies Act relating to accounts, so far as applicable to the company.
These financial statemenls were approved by the Council of Management on 15th
September 2025 and were signed on its behalf by'.-
Member of the Council
J M Turnbull

PAGE 6
WHITEHALL CHARITABLE FOUNDATION LIMITED
(Limited by guarantee)
NOTES
{fomiing part of the financial statements)
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention
and in accordan￿ with applicable accounting standards and the Companies A
2006, and in accordance with the Statement of Recommended Practice..
Accounting by Charities 2000.
Incom8 from Investments
2024
2023
Listed Investments
Unlisted Investments
21,258
31,644
18.625
21,905
52,902
40,530
Grants
2024
2023
The grants made are as follows..
Argyll Fisheries Trust
NSPCC
Action Medical Research
Action for Children
Surrey Clubs for Young People
West Wilts Portage SeNices
Royal National Lifeboat Institution
Meath Epilepsy Trust
Step by Step
Shooting Star Childrens Hospices
Jigsaw (South East)
2,000
3,000
3,000
3,000
1,000
1,500
3,000
3,000
1,500
1,000
1,000
2,000
3.000
3,000
3,000
1,000
1,500
3,000
3,000
1,500
1,000
23,000
22,000
Administrative expènses
2024
2023
Investment Management
Sundries
3,148
121
3,040
241
3,269
3,281

PAGE 7
WHITEHALL CHARITABLE FOUNDATION LIMITED
(Limitsd by guarantee)
NOTES
Ifomilng part of the financial ststements)
Administratlve expenses - continued
None of the members of the council of management re￿iVed any remuneration
during the year {2023- nil).
Fixed asset investments
The investments held are in..
(a)
Unlisted investmenls
Investments in private companies
Cost Value
at 111124
Acquired Disposed Value at
Repaid 31112124
TSC SPV Ltd
102,077 ordinary 30p shares
30,623
30,623
Relcross Limited
102,077 Ordinary 0.1p shares
102
102
Rodin Commercial Holdings
590,084'A' Ordinary 1p shares
Loddon Door Services Limited
102.077 'A' Ordinary 1p shares-
30,725
30,725

PAGE 8
WHITEHALL CHARITABLE FOUNDATION LIMITED
{Limited by guarantee)
NOTES
Ifomling part of the finanGial slaternents)
{b>
Listed investments
Market Value at 11112024
Additions during the year at cost
Disposals
817,026
119,732
(182,352)
754,406
Unrealised gains
Unrealised losses
64,412
127,7331
36,679
Market value at 3111212024
791.085
Total Value as at 3111212024
821,810
In the opinion of the Council of Management the Foundation's investments in
Private Companies are worth at least the amount at which they are shown in the
financial statements. The cost of arriving at a market valuation of these
investments is not justified. The Historical Cost of Listed Investments held at the
year-end was £604,870
Creditors: Amounts falling due
within one year
2024
2023
Sundry creditors
Liablllty of m8mbers
The company has no share capital bLrt under the terms of Clause 8 of the
Memorandum. any member is liable to contribute a sum not exceeding £1 in the
event ofthe company being wound up during the lime that he is a member or one
year Ihereafter.
At 31 ¥t December 2024 there were 3 members12023- 31.

PAGE 9
WHITEHALL CHARITABLE FOUNDATION LIMITED
(Limited by guarantee)
NOTES
(fomiing part of the financial ststaments)
Other R8sgrves
Other reserve comprises arnounts appropriated from the income and expenditure
account to equal the value of the investments.
Approval of financial statements
The effect of events relating to the year ended 31¥t December 2024 which
o¢Gurred before 15th September 2025, the date of approval of the financial
statements by the Council of Management, have been included in the statements
lo the extent required to show a true and fair view of the state of affairs at 31.
December 2024 and the result for the year ended on that date.