THE VALERIE WHTfE MEMORIAL TRusr ACCOUNT5 TO 5 APRIL 2025 PORT F l and Admlnistration Information The vakn￿ Whrte Memorial Trusl 15 const￿uted by Da of Trust dated 28th March 1977 and 15 a registered charity No. 273489. Its address Is Secornl Fk))r South, The Fitted Rtgglry House, Anchor Wharf, The Historlc D(xkyard, Chatham, Kent ME4 4TZ. The tnjst set up li memory of Valerie White, who was a well-known and succe55ful actress in the London Theth for more than three d￿leS arKI In addltlon was a recognised artist and novelist. YEAR T.L. Lawe5 - Chaimian H. Hesketh H. Watson L. Richards struLturei govemance and management The trust deed does not Specify the nUm￿r of trustees but Cul￿n￿Y empowers T L Lawefj to apwint new or additional trustees, When the trustees are appjintd Mrs Lawes will be respDnsibk for their induction induding: maknng them aware of their reswnsibllitie5; SUPPtying them with a copy of governing document; a(kninistration prO￿vre$,. the history and the philosophlcal approath of the charity. New trustees will also r￿1Ve a copy of the last filed annual repots and accounts and a copy of the current gUi(tsn￿ as by Charty Commission to a55i5t new trust￿. Due to thelr gechJraphk SeParat￿n trustees n￿t on an irrfomial basis and communicate and hold nRetings telegraphicalty. Of the current trustees one is a founder. The risks to the continuation of the tswst are reviewed annualty and are cunEnty consldered to ￿ relevant in area5. The first is the risk to the inve5trnents as the funds are with one fund manager (of 9JoJ stsnding and past perf0rnwn￿). The trustees are considerlng the splitting of the funds as soon as an alternative manager of equal worth and future assuran￿ has tRen identified. The secoThl risk is the Inabllity to appoint Suitab￿ people who a￿ prepared to ￿pt the Incmsingty onerous tssk of trustees. Both risks are of current cotKern altlh)ugh the appointment of a o)upk of new trustees over the last few years has allemated the latter. Going Concern The trustees currentty have no COn￿mS regandlng the futu￿ of the charfty. ObJectlve$ and activities The object of the trust i5 to make provlsJon for poor arKI deservir¥J actors and actresses under the age of tfftnty five years and affording financial assistan￿ to any well estsblished charltable animal home, sanrtuary or zoo. The trust has no employees and all affair5 are handbj by the tnjstees, The Trustees through thelr day to day contstts identify indivkauals and organlsations whose objecttves may be suptxjrted by grants from the trust. TIE trust*s as a whore detemiine the aLtual grants to made. TFE trustees do not adverknse wder their act￿￿e5 a5 the px)tential grantees wouid be teyond their resour￿ to revlew or asslst. In deteminlng which grants to make, the trustees have had due regard b public ￿neIrt guidan￿ published by the Charity Commisslon. Achlevements and performance of the trust The trust Is funded by the income from ts investments and does not seek donatetl funds from the general public. During the year under rewew the tnJ5t SUPPOrted 25 separate animal sanctuaries, none of these grants wa5 over £1,000. 25 Institutions - Grants of £l,(N)O or less 13,000 and, 3 sepaTrte drama St￿gents were SUPFQrteJ: Conmr Smith Emily Lockheart Laurie Sheknn Totsl Grants per the S.O.FA. 4,OCKJ 2,000 Page I HE ED The Tnjst has no annual commii ments to any grantee at the date of reptsrting. Flnancial revtew* investment policy and reserves The Ir￿ome for the year was £43,863, the costs £1,980 {4.5% of IK(xne) arKI the totsl grants £21,000. The trustees, poliq on Imieslments is to limit rfsk of capitsl loss whilst maximislng both capital growth and income. The investments have Increased in market value by 4.3% during the year and welded 6.2% income on market value at the teginning of the year or 22% on the cost of funds invested. The trustees consider the app)intsnent of a CDntinwus investment advig)r to be Inapproprlate to the trust's needs and wasteful (rf the trusvs resour￿. There is a small endowment fund (£2LK)) a5 part of the accumulated capti al fund that 51ands at £611,451 at the year end. The trustees may use the income fund to make grants during the year or to relain to enable larger gTrnts to te made reriodicalty. The poI￿Y on reserv￿ is to redu￿ the general fund whil¥( maintaining the contingency fvnd and instsnt artion fund to ensure continuity of support Shou￿ tIE assessed risks to income ttcome a reality. Future plans The trustees see no to Intrcdutr radical reforms to an operation that is successfully fulfilling its obfrcL It will contlnue to support b)th eager stLKlent artists and dedicated animal lover5. statement of Trustees, respon$ibilltles tharty Law requires the trustees to prepare fina￿JaI statements for each flnanoal year which grve a tnE and fair wew of the stste of affrdifs of the charity and its finanaal a(*vit¢es for that perioJ. In preparing those flnancial statements, the trustees are requir&J to: selett suitsbie accounting policies and then apply them conslstenuy,. make judgements and estima￿ that are reasonable and prudent. state whether applicable accountitvJ stsndards and statements of recommended pr7¢x￿ have b*n followed, subject to ary departures di5d05ed and explain&J in the financial statements; and p￿pare the financk?I statements on the going con￿r￿ basis unless it Is Inarvopriate to sxesume that the charty will continue in operatKsnal existen￿. The trustees are resp)nslble for keeping accounting record5 which dlsdose with reasonable accuracy at any time the financial Fosition of the tharity and to enable them to ensure that the flnanaal statements comply with the Charitles Act 2011. They are aLso responsible for safeguarding the a55ets of the charity and hen￿ for taking reasonable steps for the prevention and detettion of fraud and other irwularities. Independent Examiner The Trustees intend to ask the existing auditors to undertake the Independent examlnation of the Trust In the following year. T. L. Lawes . Chairman On behalf of the Boaryl of Trustees. Dated 2￿1 September 2025 P¥2 EXAMINER THE TR WHrrE ME I reFQrt on the flnanclal statements of the tharty for the year e￿ 5th April 2025, which are set out on pages 4t07, Respertive Responsibilities of Trustees and Examiner The charitvs trustee5 are re5FonsibEe for the preparation of the finanaal statements. The chariivs trustees cc*)sider that an audit 15 not requi￿ for thls year under sectlon 144(2) of the Charf(ie5 Act 2011 Clhe ALf and that an independent examination is needed. It is my ￿￿nsibl1ty to: examine the fina1￿￿￿1510teMents under section 145 of the Act; to follow tIE procedures laid down in the General Directions given by the Charty Commission under sedion 145(5)(b) of the Act,. and state whether parbcukr matters have come to my attentlon. Basis of Independent Examinerfs Report My examination was ￿rrIed out In accordance with the General Directions given by the tharity Commission. An examination indudes a review of the accounting records kept by the charity and a comparison of accounts presented with those records. It also indudes consideration of any unusual items or dlsclosures In the accounts, aThJ ￿kIng explanations from the trustees conceming any such matters. The pr¢)cedures undertaken do not provtde all the eviden￿ that would LE required in an audi( and consequently no opinion is given as to whether the accounts preser¢t a "true and fair view" arKJ the re￿rt is limited to thjse mattet5 set out in the siatement bebw. Independent Examlnerfs Statement have completed my examinatlon. I cC￿rirM that no material matter5 have come to my att￿tion In Connec￿On wlth the examination giving me cause to belleve that in any material respett.. a(xounb'ng rKords were not kept in respect of the Trust as required by sectlon 130 of the Att; or 2, the accounts do not accord wlth those records; or 3. the accounts do not comply wlth the applicabie requirements cOn￿rnIng the form and content of accounts set out in the Charitie5 (Account5 and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vbew which is not a matter conslderej as part of an independent examination. I CDnfirrn that there a￿ no other matters to whlth your attention should be drawn to enaNe a proper understanding of the accounts to be reached. 44154 Orsett Road Grays D. Aood ROWLAND HALL CHARTERED ￿RTIFIED ACCOUNTANTS RM17 SED Dated 24° October 2025 Page 3 ThE VALERIE WHITE MEMORIAL TRUST srATEMENT OF FINANCIAL AcfIviTIES FOR THE YEAR ENDED 5TH APRIL 2025 IncY>me Funds stri Capltal Fund Total Funds Totsl Funds In Donations Investments., Deposit Interest Charifund Interest (listed investment) Totsl Income 155 155 203 2,467 41,241 2,467 2,126 43 863 41519 Charftable Ath'vltles: Grants tr) Animal Welfare Grants to Drama students Sutrtotsl 13,000 13,000 I4,(￿0 Book-keeping and Administraknon IndeFendent Examinerfs Fee pps 1,380 600 1,380 600 1,260 576 loo Total Expenditu Net Income/(Expenditure) 20,883 20,883 16,583 Gainsl(Losses) on Revaluation of Investsnent Assets Net Movement in Funds 24,215 25,022 49,237 4,238 Recmaliation of Funds Total Funds brought fO￿ard Total Funds carried forward 250 808 837 237 832 999 275 023 611451 886 474 837 237 Page 4 THE VALERIE WHrrE MEMORIAL TRUST BALANCE SHEET AS AT 5TH APRIL 2025 FIXED ASSETS Invesknnents 691,889 663,535 CURRENT ASSErs Debtors Bank Current Account Bank Dep051t Account 5,000 191480 3,000 172 513 196,480 175,513 CREDITORS: amounts falling due wlthin one year Creditors and Accruals NEf CURRENT ASSETS 173 702 NET ASSErs 886 474 837 237 REPRESENT BY: Restricted Funds Capital Fund 611,451 586,429 Unrestrlrted Funds .' General Fund Conttngenry Fund Instant Action Fund 195,023 40,000 40 000 275 023 170,808 40 000 250.808 886 474 837 237 The ￿COUnts on pages 4 to 7 were appr¢ved by the trustees on 2nd September 2025 and signed on their behaif ty., T.L. Lawe5 FCA Chalrman Page 5 THE VALEIUE WHITE MEMORIAL TRUST NOTES TO THE AccouKfs 5TH APIUL 2025 I LEGAL FORM The Vale￿e Whlte Memorial Trust is a registered charty and gmwerned by a deed of trust. 2 AccoupifING POUCIES Basls of Accounting The charity is a public benefit enttty. The financial statements have been prepared in accordan wlth FRS 102, the Ststement of Recommended Pract1￿.. Accountir¥J and Reportlng by Charlties (SORP FRS102) and the Charlues Act 2011. Incomlng Resou￿$ All income is recognised in the Ststement of Financial Activitie5 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 and Llabilities Expenditure on grants is recorded once the Trust has made an uncotKlitional a)mmitment to pay the grant and this Is communicated to the beneficiary or the grant has been paid, whlchever is t earlier. The Trust has not made any grant commltments of more than one year. Other expenditure 15 included in the accounts on an accruals basi5. Investments Investrnents on a recconised strKk exchange are valued at market value at the year end. Unrealised realised Investsnent gains and losses are shown net in the statement of financlal ttivities. 3 FIXED ASSErs Investments Market value at 6th April 2024 Net ir¢vestment gains/(loss) 663,535 675,880 At 5th Aprll 2025 691889 663 535 Cost at 5th Aprll 2025 184 872 184 872 4 CREDrroRS AND ACCRUALS Accruals 5 CAPITAL FUND Thi5 is comprised of '. Endowment Designated from income Designated from investment revaluatton surplu5 2CK) 140,253 470 998 200 140,253 445 976 611451 586 429 6 ANALYSIS OF FUNDS Unrestricted Funds 81,299 193 724 Capital Fund 610,590 861 Totsl 691,889 Investments Net current assets 275 023 611451 Page 6 THE VALERIE WHThE MEMORIAL TRusr NOTES TO THE ACCOUNTS sfH APIUL 2025 7 UNREsfIu￿ED FUNDS Instant General Actlon Contingency Total Fu Balance brought forward Net Incoming Resour 250,808 170,808 40,000 24 215 24215 40,000 275023 195023 40000 The Contin9ency Fund This has been set up to ensure that the support given to, and ￿lled upon by, animal charities and students, is not withdrawn without notice. This fund is based on one yearf5 grants anticipated to be £40,(KX). Instant Action Fund This fund has b￿n set-up to enable restM)n5e to be made in Circumstan￿ demanding a rapid 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 charities. 8 RELATED PARTY TRANSACTIONS Carleys, a partnership in which the trustee, T L Lawes, is a partner, provid&J countancy and admlnistration setviw amounting to £1,320 (2024: £1,260) Including VAT. 9 TRusfEES EXPENSES AND REMUNERATION No trustees were reimbursed expenses either this year nor last year. No other tru5tee5 received any ￿MuneratIon or expenses in either this year or the previous year. 10 OTHER mA￿ERs The charity has no empl(ry￿. There have been no changes in its activitie5 during the year. The charty has no intsngible assets. The charity ha5 no subsidiary companies. The trust is a registered charity and accordingly Is exempt from taxation on its inccffie and gains where they are applied for charitable purposes. Page 7