THE VALEFUE WHrrE MEMORIAL TRUST
ACCOUNTS TO
5 APRIL 2024

ES. ANNUAL REP
TH
Legal and Administration Information
The Valerie White Memorial Twst is consdtuted by Deed of Trust dated 28th Marth 1977 and is a registered
charity No. 273489. Its address is SecoThJ Hoor South, The Fittaj Rigging House, Anchor Wharf, The Hi5tOT
Dothard, ￿ath8m, Kent ME4 4TZ. The trust was set up in merKiry of Va￿rie White, who was a well-known and
Suc￿sful attress in the Landon Tratre for more than three decades arKI in addition was a recojnised artist and
novelist.
END
PRI
T.L. Lawes- Chairman
H. Hesketh
H. Watson
L. Richard5
Structurei governan￿ and management
The trust deed does not speofy the numter of trust￿ l)ut currently empowers T L Lawes to appoint new or
additional trustees. When the trustees are appointed Lawe5 will be ￿￿nSible for their induction including.,
making them aware of thelr responsibllities,. supptylrKJ them with a copy of the governing d￿ument,.
administratron procedures,. the hlstory and the philosophical approach of the charity, New trustees will also
receive a copy of the last filed annual repJrt5 and accounts and a copy of the current guidan￿ a5 Issued by The
Charity Commission to assist new trustees.
Due to their geogrdphic separation trustee5 m￿t on an Infomial basis and C￿￿mUnicate and hold meetingg
te￿raph1(a[1y. Of the current trust￿ one is a founder.
The risks tr) the continuation of the tnjst are reviewej annually and are currentty (xjnsidered to be relevant in two
areas. The first is the risk to the investments as the funds are with one fund manager (of good stsnding and past
perfomiance), The trustees are considerirg the Splitting of the funds as s￿n as an alternatwe manager of equal
worth and future assurance has been Klentrficxl. The second risk is the inability to appoint suitable people who
are prepared to accept the increasingty onerous lask of trustees. Both risks are of C￿￿ent con￿rn although the
ap￿intment of a couple of new tru5tee5 over the last few yeats has alleviated the latter.
Going Con￿rn
The trustees currenty have no CO￿emS r&Jarding the futu￿ of the charity.
Objectlves and activities
The object of the trust is to make provision for pyjor and deseNiro actors and actresses under the age of twenty
five years and affording financial aSSistar￿ to any wdl e5tablish& tharitable animal honE, sanctuary or zoo.
The trust has no employees and all it5 affairs are handled by the trustees. The Trustees through their day to day
contscts identify individuals and organisations whose obiecbves may be 5UPPOrted by grants from the trust. The
trustee5 as a whole detemiine the aLtual grants to Ee made. The trustees do not advertise Mder their activities
as the px)tential grantees would be beyond their resources to review or assist. In detemiining which grants to
make, the trustees have had due regard to public benefti guidan￿ published by the Charity Commission.
Achievements and perfomiance of the trust
The tnjst is funded by the incc*ne from its investrnents and does not seek donated funds friKn the general pubiic.
During the year under review the trust supported 26 separate animal sancbjarles. none of these grants was over
£1,000.
26 1nstitutlons- Grants of £l,(KO or less
14,OOD
and, 4 separdte drama students We￿ suppjted:
Ruby Sephton
Sophkl Roberts
Emlly Lockheart
Laurie She￿n
Total Grants per the S.O.F.A.
1,5LKI
2,000
1,500
Page I

RIL2
The Trust has no annual commtrnents to any grdntee at the date of rep)rtlng.
Finan(ial review, Invest￿ policy and reserves
The irKome for the year was £41,519, the costs £1,936 (5% of Income) and the total grants £23,OC().
The trustees, poly on invthents is to limit risk of capfol loss whilst maximisirMJ both capitsl growth and
income. The investments have ¢Yecwsed in market value by 2% during the year and yielded 6.00/0 income on
marl*t value at the Winnlng of the year or 21% on the cost of funds invested. The tru5tee5 mn5ider the
apF¥)intment of a continuous investment adviw to be inappropriate to the trusys needs and wasteful of the
There is a small end0￿￿ent fund (£200) as part of the accumukitoj capital fvnd that stands at £586,429 at the
year end. The trustees may use the incume fund to make grants during the year or to retsin to enable larger
grants to be made Feriodically. The ￿liCY on reserves 15 to redu￿ the generdl fuThJ whilst maintaining the
contingency fund and instant artlon fund to ensure cont(nuty of SUPkY)rt should the assessed risks to income
me a reality.
Future plans
The trustee5 see no need to introdutr rddinl reforms to an operation that is successfully fulfilling its objett. It
will conttnue to supwt ￿th eager student arbsts and dedicated aninwl lovers.
statement of TNstees' responsibilities
Chaiity Law require5 the trustees to p￿pare finanaal statements for each flnanclal year which give a tnje and
fair view of the State of affairs of the charity and its financial activitEs for that ￿riod. In preparing those financial
statements, the trustees are r￿U[red to.,
select suitsble accounting poliaes arKI then apply thern consistendy.
make judgements and estimates that are reasonable and prudent.
stste whether appllcable accounting standards arKJ statements of ￿0MMended pTrcti￿ ￿*ve b￿n
follDwed, subject to any departures discbseJJ arKI explainej in the financ￿1 statements. and
prepare the financtal statements on the going conom basis unless it is inappropriate to presume that
the charity will continue in operational e￿Stence.
The trustees are responsib￿ for keepiThJ accounting records wh￿h disdose with reasonable accuracy at any time
the financial p0S￿On of the charty and to enable them to eTr5U￿ that the finanoal statements comply with the
Charities Act 2011. They are also responsibk for safeguardlng the assets of the charty and hen￿ for tsking
reaSCfflab￿ steps for the preventlon and detection of fraud and other irregulariknes.
Independent Examiner
The Trustees intend to ask the existing auditors to undertake the Independent examination of the Twst in the
following year.
T. L. Lawes . Chaiman
On behalf of the Eoard of Trustees.
Dated 17th Ottoter 2024
Page 2

INDE
RT
ESOF
E VALE
MEM
I rewrt ￿ the financial Statements of the charity ts the year ended 5th Aprfl 2024, which are set out on pages 4
Resijective Responsibilities of Trustees and Examlner
The charfvs trustees are ￿￿nSIb￿ for the Fryaration of the fina￿al ststements. The charws trustees
Cc￿51der that an audit is not required for this year under section 144(2) of the Charities Att 2011 Clhe ACY? and
that an independent examination 15 needed.
It15 ry resw)nsibility to..
examine the financial ststements uTrJer section 145 of the Act.
to follow the prc£edures laid (knvn in the General Direct#)ns gr￿7 by the Charity Commisslon under
Section 145(5)Ib) of the Art,, and
state whether Pa￿CUlar matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the Generdl Dlrethons given by the Charity Commisgion. An
examination indude5 a review of the accounting records kept by the charity and a comparison of accounts
presented with those records. It also includes consideration of any unusual btems ￿ disdosures in the accounts,
and s&king explanations from the trustees con￿rnIng any such matte￿. The prc(edures undertaken do not
provKie all the evidence that would required in an audit, and consequendy no opinion is given as to whether
the ac(J)unts present a 'True and fair VW, and the rep￿t is limited to those matters set out in the ststement
below.
Independert Examinerfs Ststement
I have completed my examlnation. I confirm that no mats￿al matters have come to my attentlon In connection wlth
the examlnation giving me cause to believe that in any materfal respert:
accounting records were not kept in respect of the Trust as r84uired by section 130 of the Art; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requlrements Con￿mIng the form aThJ content of accounts
set out in the Charities (Accounts and Rep)rts) Regulation5 2008 other than any requirement that the
accounts give a ￿e and falr view whlch is not a matter consldered as part of an Indep*ndent examination.
I conffrm that there are no other matter5 to which your attention should be drawn to enable a proFer understsnding
of the accounts to ￿ re￿hed.
44154 Or5ett Road
Grays
Essex
RN17 SED
D. Flood
ROWLAND HALL
CHARTERED CERTIFIED ACcOUNTA￿rS
t>ated 29th November 2024
Page 3

THE VALERIE WHrrE MEMORIAL TRUST
srATEMENT OF FINANCIAL ACIIVITIES
FOR THE YEAR ENDED 5TH APRIL 2024
Income
Funds
Capi131
Fund
Total
Funds
Total
Funds
Donations
Investments..
Deposit Interest
Charifund Interest (listed investment)
Total Income
203
203
245
2,126
2,126
Charitable Activities:
Grants to Animal Welfare
Grants to Drama students
Sub-totsl
14,000
14,000
12,5CQ
28,000
Book-keepirvJ and Administration
Independent Examinerfs Fee
pps
1,260
576
loo
1,260
576
loo
1,440
552
50
Totsl Expenditure
Net IncOme/(EX￿ndItUre)
16,583
16,583
8,898
Gains/(L055es) on Revaluatlon of Investment Assets
Net Movement in Funds
15,132
(10,894)
4,238 {35,095)
Reconclllation of Funds
Totsl Funds brought foTward
Total Funds carried fornard
235 676
597 323
832 999 868 094
250 808
586 429
837 237 832 999
Page 4

THE VALERIE WHrrE MEMORIAL TRUST
BALANCE SHEET AS AT 5TH APIUL 2024
FIXED ASSErs
Investments
663,535
675,880
CURRENT ASSETS
Debtor5
Bank Current Account
Bank Deposit Account
1,260
3,500
154 147
3,000
172 513
175,513
158,907
CREDITORS: amounts falling
due within one year
Creditors and Accruals
NET CURRENT ASSErs
173 702
NET ASSETS
837 237
832 999
REPRESENT BY:
Restsirted Funds
Capital Fund
586,429
597,323
Unrestrlcted Funds .
General Fund
Contingency Fund
Instant Actlon Fund
170,808
40,000
40 000 250,808
837 237
155,676
40,000
40 0(K) 235 676
832 999
The accounts on pages 4 to 7 were approved by the trustees on 17th October 2024 and signed on
their behalf by..
T.L. Lawes FCA . Chairman
Page 5

THE VALERIE WHrrE MEMORIAL TRU
NOTES TO THE ACCOUNTS 5TH APRIL 2024
I LEGAL FORM
The Valerie White Memorial Trust Is a registered charty and governed by a deed of trust.
2 ACCOUIfflNG POLICIES
Basis of Accounting
The charity is a public ￿nefit entty. The financlal statements have b￿n prepared In accordance
with FRS 102, ststement of Recommended practi￿.. Accounting and Reporting by CharSties
{SORP FRS102) and the CharEtses Act 2011.
Incomlng Resources
All income is recognised in the Statement of Financlal Acuwties On￿ the charity has entldement to
the funds, it is probable that the income will be received and the amount can be measured ￿lIably.
Expenditure and Liabilities
Expenditure on grants is recorded once the Trust has made an unconditional commltment to pay
the grant and this is communicated to the beneficiary or the grant ha5 ben paid, whichever is the
eadier. The Trust has not made any grant commitmerts of more than one year. Other expendtture
is included in the accounts on an accruals basis.
Investments
Investments on a recognised stock exchange are valued at market value at the year end.
Unreallsed and realised investft*nt gains and losses are shown net in the ststement of financial
activities.
3 FIXED ASSErs
20
Investments
Market value at 6th April 2023
Net investment gainsl{1055)
675,880
719,873
At 5th Aprll 2024
663 535
Cost at 5th April 2024
184 872
4 CREDrroRS AND ACCRUALS
Accruals
5 CAprrAL FUND
This is comprised ()f .
Endowment
Designated from income
Designated from investment revaluatlon surFIus
20
20
200
140,253
445 976
2LX)
140,253
456 870
586 429
597 323
6 ANALYSIS OF FUNDS
Unrestrlcted
Funds
77,967
Capltal
Fund
585,568
862
Total
663,535
173 703
Investsnents
Net current assets
837 238
Page 6

THE VALERIE WHITE MEMORIAL TRusr
NOTES TO THE ACCOUNTS 5TH APRIL 2024
7 UNREsfRIcfED FUNDS
Instant
General Actton Contingency
Totsl
Balan￿ brought fonvard
Net Incoming ReSoUr￿S
235,676 155,676 40,￿0
15 132 15 132
40,000
250 808 170 808
The Contingency Fund
This has ken set up to ensure that the support glven to, and relled upon by, animal
charities and students, is not wtthdrawn without notice. Thi5 fund 15 based on one yearfs
grants anticipated to be £40,000.
instant Action Fund
This fund has been set-up to ena￿e res￿n* to k made In cIrcumstan￿$ demandlng a rapld
response to a request for help or to fund new projects with a ontroff and substantial grant. The
fund is available to help either students or anlmal charltles.
8 RELATED PARTY TRANSAcfIoNS
Carleys a Partnership in which the trustee, T L Lawes, is a parts)er, provided
accountancy and administration seNices amounting to £1,260 (2023: £1,260) induding VAT.
9 TRusfEES EXPENSES AND REMUNERAThON
No truSt￿S were reimbursed expenses either this year nor last year.
No other trustees received any remuneTrtlon or expenses In either thls year or the previous year.
10 OTHER MAThERS
The charity ha5 no employees.
There have been no changes in its activities during the year.
The charity has no intangible assets.
The charty has no subsldlary companles.
The trust is a registered charity and accordingty is exempt from tsxation on its income and
gain5 where they are applied for charftrdble purposes.
Page 7