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||`Page`|
|---|---|
|`Trustees' report`|`1-3`|
|`Independent auditor's report`|`4-6`|
|`Statement of financial activities`|`7`|
|`Balance sheet`|`8`|
|`Notes to the financial statements`|`9-12`|





MICHAEL DEWHIRST CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Truste•s pr•$eN their Annual Report on the affairs of the Mieha•l Dewhirst Chafitable Tru￿ (Ch8rity1, together
the fmancAal stst•ments lorihe y•ar endeo 31 December 2024.
The finBnci81 $18tement¥ h8ve l)een prepwed in accordance ￿1h (he accwnbng pdiu8S Sd out In note 1 to Ihe
financi81 stalernents and comply wth the Ch8rity's Iwsl deed. th+ Cha￿￿t5 Ad 2011 and"Accounllng and Reporti419
by Chaiiiies". Statemenl of Rècommended Prattiee applicabk lo charities preparfng Iheir a¢￿￿nIS in accordance
with the Fin4nd￿ Reporting Stsndard appl•bl* in thg UK and R•publi¢ of Ireland IFRS 1021'1gffectNe 1 January
2019).
Oblo¢t1V￿ •nd acllvlO•s
Thi$ is an urNncorporatod grartrmaking tru51 cons￿l￿ted by a tru51 dt8d dal•d 4 Mar¢h 1980. Clause 12lhl ol the
Iru51 deed requirei Tru8ts•s io navg fina￿181 ststoments audKed yearty ty a ¢harterea acwunthni.
Thè objects ofthé trust arè As folows..
To rèlie¥e pTrJr per¥ons and in partiular Ibui wlthoul in any way linrfing th8 oeneralty of the foregolno)
parson8 who are or havo been (¥ sh811 from tim to ts.mè be".
in the ernployrnent of l J Deth'rjt Hoklingj timitsd or any othw ttmpany or other Co￿018t• b¢pdy
olwl¥ch ts Sèthr shall b8#n 8 diradorlor a per*Jd ol nol fèss th4n y•ars
bl
ÈmrAoy8d on any lami owfttd ty the sa￿erW￿￿OI as sde ty•4Mr or in p*knTshlp wiU18ny other
petson or pwsms
othemlsw kn th• ern￿oyMent olthe S•ttr or any wlfe of hls
dopendants of any such person as aforg$aid wthelh8r or Tr)18uch dependants shan bè related or
be or have been rnarried lo any Such person ané whgtheT wholy or PBrlty dependent upon or
mainlained by 8ny8u¢h person
for such other tharitable purpose or charNablè purpos06 as th• Tn*ioes sham thir* fiL
PROVIDED ALWAYS that rf al any trm• thè Tyvstees sh811 in Ihelr absolute tJtsGrth"on tl¢¢ide Ihat the TNst Fund or
the In￿Me Ih8reof cannot usefully be apphed in the manner al0￿5¥1￿. then the Twst&e$ may pty and translel th8
whglo 01 th• Trust Fun<1 and th• incom• th•reof io su¢h other ¢ha¥lty or chpritses •s tl*y $ho118elect.
Pubhc b8n6fit
The TNstees have paid Oue regard to gUIdar*￿ issued by the Charty Commission in deciding whBI aciMtK8S the
Charily ShO￿d und8rtakg.
Grnni mokingpolity
The Trustees havg Identif￿d 8 nurnber of individua15 who were ernployed by or were i¢lated to an èmployee of l J
D￿hirSt Holding$ Lid who are in pov•ity and make granls lo those indiwduals. The Trnstee5 hav• also identifièd a
nurnb¢r of r¢gionaWocal charftios linduding communily groups and churehesl io whom regular donations are mad•.
The Tru$tees also rnak• donations to nat￿nI1 ¢haritiè$. whom they-consid•r fit. The Trusl•e$ review the grants
made and appeals frem organisatson$ and indl¥idua15 on an ongoing bosis.
A¢hl•vem•nts and p•rF•monc
Signifjcant aclivib•s and &C￿eVen￿￿ts agalnst otygGIIvos
The Charity has awarded grdnts ot £35,00012023. £35,0001 In thè year to cyganisotions ￿ lin• with Iheir obj'eetsves.
fund5 continue to be invested with the of generating 8dditional Ir￿ome lo be used for gr￿¢ making
ctiwl¢¢$ as o￿lIned above. All urants awaftkd afe in accordance wlth furthering the charilable objeclives of the
Charily.

MICHAEL DEWHIRST CHARITABLE TRUST
TRUSTEES, RÈPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnan¢lal r•vl•w
There are no restrictions on th• ch8rrty's power to Invest. Thè alm 18 its maintain Ihe Incom0 and maintaln
Iho trust ￿￿1•1 in real tern¥.
The income reeeived in the year amounted to £38.25S12023". £28.86718nd lurMl•d grants and related eosts were
£56.149 {2023". £S4,6531. The reserves held at Ihe year end tot81 £1,893,058 12023.. £1.793,1101.11 is not8d thal
res8rv•s have i￿reaso￿ bn Value ov8r the year by £99.948.
Going concern
After making enquTries, the Tnt5tees have a ￿asOnable expedation that the Chaifty has adeouate resources to
¢ontinue in eptralional ?xist*ncè for th¢ lo￿$t?￿ble future due to 18vel of net assèts. Tho Ch•rtty ha8 no
tmmadwte r8quiremenl kj u68 Its investments anl has minimal overf￿allS and 90Veman￿ costs. The chantablè
obje¢l$ are met lknugh the ma￿"n4 of donati?ns whith ar? ¥greeil periodically throughout th? year, are intsnded to
match Ihe income. and there arg no oTrgolng c4mmilments to poy fulure donalion¥. Accordlryjty thgy ¢ontinug to
adopi the going COn￿M basis in preparing Ihe financid st•lements.
Reserves policy
Th• policy of the Trustèès is to bioadly malntain thè d)arity's lund$ at such a l•vel in O￿or to SLrffiLienl
caprt81 growth and Incorno to eontinu• to m8•t th• TnJst8•5' •xp•ottd grant maklng obpe¢fv•s.
ma￿rI1$*$
The Trust•es aro awaf? ol the maiDr str*ggio budness and operational r15k5 which the ehanty lace8. The funds
have bèan invested withia view to protecting thè caprtal value in temis and maintatning th• income yield.
AddrtiOn￿IY they verlfy the charilable sialu5 of all indiwduals ar￿ bodie$ to whjm grants Bre m*.
Stru¥tyr•J govem•ne• th•n¥ggment
Thè Tru5t•es who $•ry81I during lh¢ yw and up to th? doie'of sign*urn tsf the financi•l Sl*ments w•re'.
tan Robert$ Dthvhir8t
Rozanne Cosgrove
York• Joseph John Eolon
S•ra Srnart
(Apwrttad 24 January 2024}
On an annual basi$, the Tr￿lee$ con%der and approve dcfflatlons to th• chorrtabl8 obj'ocls.
Th¥ Trust's capital is invested with Cazenove Capitwl Msnagement Invesled mainly in Stoth markel$. Th•
Trystees have delègated the day to day management olthe trust fund$ to caleTh)￿ Capital Man8gèment.

MICHAEL DEWHIRST CHARITABLE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEM8ER 2024
ststement of Trustees. rtSP0115ibililtes
The Trustees are responsible lor preparing the Trustees Repori and the finan¢i81 statements In 8ccordance with
ppli¢able la￿, and United Kingdom Accounting Standards Iuniled Kingdom Generally Accapied Accounting
Praclicel.
The law applicable lo chariiies In Eng12ntl and Wales requires the Trkjslees to prepare financial slalernenls for each
financial year which give a trve and fair vievw of the stale of affairs of the charily and of the inGomin9 iesources and
application of resources ol the charity for that period In preparing Ihese financial slalemen15 the Triisiees ale
required to
seleci suitable accounting pol￿1$5 and then apply them consislenuy.
observe Ihe rneihoas and prin¢ipies in Ihe Chaniies SORP IFRS1Q21,
make judgrnenls and eslirnale5 that are rEasooable and prut5enl.
Stale whether applicable A¢coiJnling Standards havt been followed. subiecl lo any material departur•s
disclosed and explained In Ihe financial slalernenis..
prepare Ihe financial slalemenis on the going concern ba51s unless Il Is Inappropriate lo presume that
the charity will continue in operation.
The Tfusiee3 are iesponsible lor keepin9 a¢¢ouniin9 records that 413close ivilh re8$on8ble 8¢cura¢y 818ny time
Ihe financial posilion of the charily and enable them to Ensuie Ihal the financial slatetnenls comply with thè Charities
Acl 2011. the Charily (Accounts and Reports) Regulations 2008 and the provisions Df Ihe Irust deed. They are also
responsible lor safeguarding Ihe assels of the charity and hence for taking reasonable steps for the preven110n and
deleclion of fraud and other irregularilies.
IT.
The fru$lees' report was approved by the Bosrd of Trustees 8ncl signgd on tts behalf by"
lan Roberis Dewhirst
Trustee
nne Cosgrove
Truste?
Yorke Joseph John Eaton
Trustee
Sara Calherine Srnarf
Trustee
Dale
14110/2025

MICHAEL DEWHIRST CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF MICHAEL DEWHIRST CHARrrABLE TRUST
Oplnion
W8 hav• 4Lr(lii•d thÈ financial statements of ￿Chael D&thlrst Charitable Tru¥1 Ilh8'Charity'l for yoar ended 31
Oecember 2024 which ￿mprbS¢ the stalernent of financtal atttiwlles. the balance sheel and notes to the financial
statement8, induding signlficant ac¢ountsng F￿￿1*S. The fin8nual reporting frarnwwrk that has been applied in
their pr¢porat*sn 1$ applicable law and Unhed Kingdom Accounting Standords, includiNJ Financia Roporfing
Standar¢J 102 Th• FIna￿l81 Reporbng Standard applkable in Its8 UK 8nd R8puts1￿ of lrnland IUnit8d Klngdom
Generalty Attapt•dAecountiro PrAclieèl.
In our opinion, the rm0￿1018tatèmèrtt$.'
91ve 8 true and fair w•w ol the state ol Ihe cthai¢ty's affairs a5 al 31 Doc•rnb8r 2024 and of iti incoming
re$rwrce$ And Op￿￿tIOn of resourc8$. for y*ar Ihen end8d.
have been properfy prep3red in aeLordance wilh Unitod Kin9dom Generalty Accepted Aceountir*d Practiee.,
and
been p￿pared in accordance with iho rnqulrnmenls of the Chgrib'es A¢t 2011.
Bas1$ f•r gplnion
condu(aed (￿r audit in Bccordanc• with Inlemationjl Standards on Auditing IIXI IIW IUIQI and applleable
law. Our responslbilibes underlhosè gla￿lardS a￿ fvrthèr dèscribed in the Audilofs respon$lblllffjs forthe audlt or
the fJnanci41 st8i•monts Sectlon of ovr report. We are indepenrjenl of the Charity in acwfdan¢e with the ethi¢01
fequirem•nts thal are relevant to our audit ol the fin•n¢i81 statements in the VK. induding the FRC'S Ethic
Slandarrl, and we have'fvlfilled our oth•T ethical re3ponyibillhg5 In accordance wlth ¢hese reouiremonts. We believe
that lh• atsdrt •wdence we have ebtaln•d is $ufik*nl and appropriale to provlde a basi8 for our tpirtion.
co￿1￿*10￿• rel•tsng to golny COn￿M
In wdibng the fin*ncial $tatements. w• have ¢￿￿)uded lh* th8 Trust8qi' use ol the 90ing concern ba818 of
ac¢ount5ng In the preparation of lh8 finanual statements 1$ appTOPri8te.
Based cffi tht work we have performed, w• h8¥e not idenb.fied any rnat8rKal uneertalnth.es le￿.n9 io gv?nfs or
ondit•)ns that. in¢JNiduony or colle¢￿vely, rnay c8St signfficant doubt on the Chortty's abllty ¢0 ￿nIInue as a gow
¢>newn lor • peritxl of al l¢a* tr￿1ve months fr￿n when Ihe financial statements are aullkvis8d Sjr istsuè.
Our ￿sponSIbl1rtles and thè Tesponsibilrfies of Ihè Twstses with ￿paCt 10 90ing ￿corn are described in Ihe
relevonl $ections of thi5 report.
Othér infomiatlon
Thp oth&r Infomiation ¢ornpris8s Ihe infDrmabon includ8d in the annual report Sn¢1{￿in9 the truste•'8 feport, oth•r
than Ihe finanual statemMt5 and our audi￿$ raport ther8on. The Truslees arè responsib￿ for the other
nfomiatson contained within th6 annual ieporL Our opinion on th8 financial stalemartts dop5 Th)t cover the other
inlormalion and except tts the exlenl othgrwi$e exp11ei￿Y ststed in our report. We do nct exp￿¥ any forn ol
as$urArKe condusK>n thereon.
Our Tesponsibility is to rea¢J th• other infomab"oTh and. in doing so, conslder whelher the other irwormation
maierially Inconsistenl with ihe financial statements or our knowledge obtained In the course of the audit. oi
othewise appears io be matenally misslated. If we identify mateiial Inconsi51en￿es or apparenl matariat
mi$slatèments, we ale requtred to dètemine whether this gNe5 rise ￿ è materfal mi5ststernent in Ihè financial
statements themselves. If, based on the work we hav8 performad. we conclude that thère is a materlal
mi$$latement of Ihis ot￿r Infom)ation. w¢ arg ￿quired to r•port that lact.
W• have nothing to raport In this ￿￿rd.

MICHAEL DEWHIRST CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MICHAEL DEWHIRST CHARITABLE TRUST
Malt•r• on whkh ￿ •r• reqUIr￿ to r•port by •x¢•ptlon
In Ihg Ivjht ol lh8 know￿￿0• and'underslandlng of thg ch¥rrty aThJ its envFronmBnt obt&in•d kn the ¢ourse of the
audil. we have nol Idgntihd material mi$8talgmont5 in the trust•o$ feport.
have nothing to ￿pOrt in respect of the following matters in relalion lo which Ihe Ch#rfts•s (A¢eount$ An
Reports) Regulations 2008 raquire us to reptyt to you rf. in our opinion..
the infomiaticn given in the fin•nciAI slatemenls Is hMnsistent In any materKI1 re¥pgCt wlh th# Truslg¢8'
r8Wrt: or
suff￿ent accounth.ng record6 have nol been kèpt,. or
the financ¢al statements are Mt in agro$ment wlh the accounttng records,. or
w• have nol r•ceNed all the information and explanaI0ft6 wè rnquire tor our audK.
Rè•pOMlblll￿•$ of Trust¢e8
As explained more frJNy in the slatement ol TiusIe￿. responsibilities on pag• 3. th• Trustees are r8spon8lble for t
prgparation of the financ&1 slatements and for being 8aUsfléd that they glve a irue and fair wew, for such
intemal ctsntrd as Ihè Trust•es delermine is nKe8sary lo en8￿e the preparalion of fjn8n¢kg1 slatem8Dts that are
frtr from mat•rlal misstat•menl, whether due lo fraud or error. In preparing the financial slalgment$, thg Truslees
are r¢$pon8ible for asi•ssing the Charltys atiilty lo ¢onkn as 8 going concem. disdtssing. 8s applicable, matters
related lo going conopm and u51rng the going concern ba81$ of 8C¢Dunling unless the TrnsteeB Orther Int•nd to
Ilqu**ale thÈ tharty or eease Opéra￿0nS. or have no rea1181ic dtwnativg txrt to do so.
Audltorf# r•spon$lbllrtl•8 forthe a￿dIt of the finaDclo1 ststsmènts
We have been ¥ppoinl*d as a￿[lOr undw sethon 144 of the Chowibe$ Acl 2011 and report In accordance vAth the
Act and reknv¥nt T•gulalfjon¥ made or havin9 effeca therBundèr.
Our Obl￿￿ve5 are to obtain reasonable assurance about whthher Ihe financial statements as a whole are free from
molerial mi85tatèment. whethei due to traud or error, and io Issue 8n auditor's report thal indudes our opinion.
Re8son¥tAt assuraneo is a high level of 888urance trArt is nol a guarantee that an audit conducled in accordance
with ISA5 IUK) ¥￿11 •￿y9 detect a material mi88tslemeni it 8XiSt5. Misstaiemenls ¢an arise from fra￿j or
error and are consldered material il, indiwdualty or in Ihe aggrogate, Ihey coul(J [￿Son&bty be eypedgd to
the economic derisions ol users taken on Ihs bosis of I￿$È finan&al statements.
Irregulanlies. induding fraud. are instances of non-cornpliance wth laws and regulations. dtsign procedur•s In
lin8 with OUT ￿sponsIbl1rtie$. outjined ot¢vo. to delect material rnisslatemenls in resFrtt of iN•gulanties. i￿luding
Iraud.
The exlenl to whith our procedur85 ar8 capabl• of d•t*eliw itre9Utaritie$. induding fr•ud is dètslleLI belrmt.
The thaiity i% sut4.eet to laws and regulations Ihat dsreclty and iTrdiredly alf•¢t th* financial statement$. Based on
our und8¥Standin9 of the charty and th8 environrnenl it operates wllhh. we determined that thè laws and
r•gul8lions which wero rnD$t signific8nt indudèd FRS 102 and the Charitie$ acl 2011. W8 eonsidèrod the tsxtent to
whleh non-complance with thgse laws and regulations might have a malerial effed on Ihe fH)ancia staternents,
incEuthr¥J hw fraud mlyht oceur.
Wo ewdlualed m8nagemenfs Incentivès and opportunthes for Iraudulent manipulation of the financial staloments
Ilnduding the risk of 0￿rride of eontrolsl, and determined Ihal the principal risks wer• related to Ihe postlngs ol
inappropriats journo18ntiiès lo imtvove the c*arty's res￿ for the period, and manag•m•nt bias in key accounting
e$tirnales.

MICHAEL DEWHIRST CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MICHAEL DEWHIRST CHARITABLE TRUST
Audit procedures ptrformtd by the engagement team kneluded..
Di5GLf58knns wilh Fnonagem￿l and those responsible for legal complknce procedure5 t￿1￿ Ihe tharity to
obtain an underBlanding of th? legal and regulatory frarnewoth applicable to the charily and how thè chanty
cornplies wlth thal framework, induding consideiation of known or SUSFeGted in$lan￿$ of non-compliane¢
wth laws and regulations ol frAud,'
Ident￿ing an¢J 35sesskng the design effectiveness of Controls Ihat mana9¢ment has In pla¢e lo prevent and
detecl traud and non-compllance wilh laws and regulations;
ChallerrfJin9 assump11(￿¥ and lud9ernenls m•J? by manyy8menl In thair svJnificant artounts.ng esth"males.'
[den￿fying ahd tesliTh9 joumal eniries. In parti&Aar any journal •nln'os posted wNh unuJu81 account
nblnatlon or posted ty senior rnanogement.
A fvrthw desuytion of our respon$ibilib¢s lor thg ¥udit of the financial 5tat•ments 1$ FoCat•d on th• Financial
ReporDng Coun￿1$. websiig at
Tl¥s dosertplion fomi$ part of our oudilorfs
Hawsons Ch¥rt¢fed Account￿t5 1$ digibl• for oppolntsr￿ as auditor ol lh• c￿rity by ¥wtue of ils edlblity k)r
appryntmenl #s auditor of a wmpany urKl•r s•clion 121 of the Compani•sAct 2006.
Uw g11)ur R•port
This report is made solels1 to the charity's tru$te•s. as a body, ￿ accordance vAh sec4￿ 144 01 the Charrfies Act
2011. Our audlt work has been undèrtakgn so that we might 51at• to the trustees those matter we Bre required to
stat* lo th8m in an auditoffs teport and for no olher PLifpo8e. To Ihe fullest extent perThltted by law. we L10 not
accept or assume reSponsi￿"1(ty to 8nyone olher than th8 chaity's trust•es as a bolty, for our audit work. for this
report. or for the opinions we have formed.
Hawsons
Hawsons Chart•r•d Ac¢ount*nts
Statutory Audltor
21 October 2025
Pog8sus House
463a G￿$Sop Road
Sheffield
S102aD

MICHAEL DEWHIRST CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unr49trierod
fvnd•
20Z4
fund•
2023
ote*
Incom• from..
Gross 8aHk Inleiest
Invo$tm*nlS
5,525
23,342
32.646
Totsl In¢om•
38.255
28.887
Exp•ndltur• on:
c￿lItabl• #d￿lSe$
56.149
54.853
Total •xp•rtdI￿rt
56,149
54,es3
N•t gainsllbssesl on invesbnenls
117,842
64,225
N•1 In¢t)m• •nd movern•nl In fund•
99.948
38.439
R•¢oneillatton of fund¥.'
F¥nd'bal8nces al 1 JAnuaty 2024
1.793.110
1.754.671
Fund bBlan¢•5 at 31 0e¢embar 2024
1.893,058
1.793,110
The 8tat•m9nl of financial actMtie$ includ¢s all 90ins •nd10$8e$ r￿OgniSed in th? year. All In￿me and expenditure
derive Irorn eonlinulng acliwbas.

MICHAEL DEWHIRST CHARITABLE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Frx•d 098gts
Investmenls
1.753,307
1,60Q,051
Currgnt ¥$¥ets
Cash at bank and in h•nd
152,B03
212,905
Cr•dltors: •mounts hlllng wmhin
ong year
113.0521
119,8461
Not Cu￿0nt *55•ts
t39,751
193.059
Totsl assets lois Ilablllt5es
1,893.058
1.793.110
The fund¥ of the Charity
Unr•Etiictgd fursd8
1,893.058
1.793.110
1,893.058
1,793.110
1411012025
The fanwKial stat•m•nts were appiov•d by th• T[￿t￿$ en .........................ond $wn•d on by..
Yorke Joseph Jthn Eaton
Trustee

MICHAEL DEWHIRST CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Arxounllng PDll¢leB
1.1 Accountlng ¢onventlon
The fin3KAal st•ternants have been prepared ￿ accordanc* I￿1b the Charit1$ deed, th• Choriti'es Ad
2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republt of Ir¢land" I'FRS 102
and thè Charilles SORP "A¢counts"ng ant1 Reporting by char￿05.. Ststgment of Recomènded Pra¢tic•
applirable to ¢harrfies preparing their accoun¢$ in a￿9rdance with th* Financial R•pDrtkng Stsndard
applicable in the UK and Republi¢ ol Irdand IFRS 1021. leffecfve 1 January 20191. Th8 Charity is a PubiiG
Bene￿t Erbtity os d•fined by FRS 102.
finanuAI slsl*n*nts havè dÈpart•d from th• Charilitts IAccounts and Reports) Regu18tion5 2008 only to
the extent roquired lo prowido 8 tru• and f•ir vi•w. This departure has wwolved follo￿n9 Iht SfBlement of
R•eommend•d Prnctice for eharths apPty￿9 FRS 102 rather than the version ol the Slaternent of
R8eommended Prnctice which i* reterred to in the Re9ulation9 but which h•5 $irte bt•n wKhdrawn.
The financid ststemeTrt6 s￿ PrePa￿d In $t*rfinu. whith is the funcih)nal currew of the Chartty. Momlary
¥mount$ in these finana¥l stste￿nts ar• rounded to tho nè8résl t.
The financial stalemtnts have be•ft prepared under the hlstorical cost ¢cnvenbon. moi&fiéd to In¢lvde Ihe
¥evthluation of fréèhold properties and to indude inve¥tm•nt properltes Bnd certain finano81 in&truments al tsir
valutr. The prinapal •ttounlin9 poli(ie$ ¥doMéd *9 OLrt bel￿￿.
1.2 Golng conc•rn
At the tirne ol opprowng lh• finaneid statèments. th• TNsto•$ hove a reasOn•￿e expe¢10￿0￿ Ihgl the Chartty
has adequatt resour¢ès to ￿ntInue in operational existenc• foi the foreseeab￿ fU￿re. Thu5 th8 Tiuslees
eonb"nu• to adopt th• going ￿)nc￿n basis of3￿nting Ln preparino the fJnan¢ial 5tatsments.
1.3 ¢h•rltable funds
Unmstricted lunds aro ov￿$able for u$• at Ihe discretion of the Truslèes in ￿rtI￿r8￿ ol Ihelr ¢h4rilable
oblectlves.
IA In¢ome
IncLsme is reeognlsed when the Charfty is le901ty entlled to it after any performance eondiuons have b¢•n
mei, the 3mounts can be measured reliably. and it is probable that incorno wtll ￿ r8ceived.
1.6 Exp•ndlbJr•
All expenditure i¥ •Gcounted lor on an acGruèl8 basis ha8 bo•n dJ¥3ifierl under heading¥ 499re98t•
I costs related tD the category. Expondrture is rewgnlsed where thero is a leo81 w ¢onslwctsve obli9otion lo
makè payménis to third parties. rt is piobable that Ihe settlement will be ￿quirtd and Ihè amount of the
obligAtion can b• m•asured idiabsy.
Grants payable lo third pariies are made in Iht lurtherBnce ef the eharltablè oblecthvgs of the Chartty. Thè
Trustees pay grants oyl of ineomt and where Ih8 offèr is conditional Dn the reapient sabsfying performante or
olher disffttionary rwuirernents to the $8Usfaeti¢n of the TNstees. such gr8nts are reMgnlsed 8S
8xpendtturè when the cor)dibons aiiaehlng are fulfilled.
port costs e¢mpri$e ￿$18 forthe njnning of the chanty Ilsew. and processing grant5 to thE appI￿Ants.
1.8 Flxèd ass•t Investments
Fixed asset investm•nts a￿ Inltially me8sure(l al trafl$adion price exclud￿g transaction cost$. and are
subsequ6nlly measured al fair value al each feporting d8te. Change8 in fair value art ￿e0￿nISed In not
irtom•llexpon¢Jiturel for th• y•ar. TTBnBacth)n tosts Are experts•d As inrAtrr•d.

MICHAEL DEWHIRST CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounllng pollcles
Icontlnugdl
1.7 Ca$h and ca*h •quival•nts
Cash and cash equ￿alen1S Tnclude c43h in hand, deposits held •t call with banks, other slwrt-tarn) liquid
imiestments Wth orlginal maturities of three months or less, and bank ovwdrafts. Bank overdrafts are 6htr•m
within borrowmys in c*Jrrent liabiliies.
1.8 Flnanclal Insfxuments
The Charty has ele¢led lo oppty Ihe pro¥hsions of Secinn 11 'Bask Fknanclal Instruments, and Section 12
'Qh•r Finontial Instrumtnts Issues, of FRS 102 lo all olits finènrAal in6truments.
Financial instrum4nt5 ar• roe4gni3ed in Ihtt Chdrtty's ￿lance 6heel when the C￿rity becomes pwty fo the
conlraduol provlsl(Kts of the instrument.
Finan￿￿] a$aets and liabl1￿e6 are offset, ￿th the net arnounts yesenlèd In tho flnandal statements, when
thère is a legally enforceable right 10 Set off thè recogTrised arnounts and I￿rts is an h)ienOon to s?tUe on a n•t
basis or lo realise the asset an4 $g1I* the liabllty simuttaneousty.
Incomo ¢h¥rilabh actlvrtl
Unrestrlctsd Unmtrlctsd
fvnd
fvndB
2024
2023
Bank Inier?4t
5.525
Incom¢ frDm thv•*tm•nts
Unr•8trlctsd Unr••trlct•d
fund•
fund•
2024
2023
Incorn• from listed InvestmeDt$
23,342
io-

MICHAEL DEWHIRST CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendltur• on ¢horttabl? actlvltE••
2024
2033
Olr•¢t CO8ts
Legal Fees
Audii F
Coz8nov9. Managomenl F•¥
Cazenove- LEI fee
8,100
3.600
9.389
7,21)0
8.770
83
21.149
19.653
Grant fundhig of activtti•s Isee nole 51
35,000
35,000
56,149
54.653
Analysh by fund
Unrestricted lund$
56,149
54,653
Grnnts payable
AP￿¢tOn & Wellxty Cubs
£500
Appleton VW15ke Pre Sthool Club
£1.000
Durham Assoryation Clubs for young peopla
£4.000
St Leonard5 Church Welbury
£1,000
Welknjry Village Hall
£2.000
Highfield ComrnunÈty Prirnary Sthool
£3,000
Addènbrookes Hosprtal & Oncology D•partrn•nt £1,000
St Culhbert's Hospice
£4,OLXI
Garden Hous¢ H05PIC¢
£3,OLYJ
Durham Cathedral
£3,000
Sl Petsr & Sl Paufs Chwch Steepb Mordpn
£1,000
Braftf*pelh Paro¢hial
£3,000
£soo
£1.000
£4.OC¥)
£1,0(1)
£2,(
£3,OC
£2,000
£4,000
£2,000
£3,OCKI
£1,OC
£3,000
RAF 8enewJl8nl F￿￿
SSAFA
Motor Neurw Disease
£soo
£1,OOQ
£5C()'
£1.000
£3
£35
Tru$te
Staff Partlcular5
The TNSI has no empktyees.

MICHAEL DEWHIRST CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Galns •nd lo•?es on Inve$¢ments
Unrestrlct•d Unro8trfct•d
funds
fund•
3024
2023
Gain61{lossesl arI￿n9 on..
Revaluation of investments
Sale of investment$
90.339
27.503
67.956
13,7311
117,842
64.225
Flx•d assèt In¥esbneThts
Ust•d
Invukn•nts In￿StMents
2024
2023
vall￿ti1)N
As at 1 January 2024
Aqui$itws
Dispos•l$
GaIn￿￿O$s•s)
i.eoJ,os1
959.914
1,492.051
S25.470
1481,695)
64.225
117.642
At 31 D•cemb•r 2024
1.753.307
1.6DO.05J
Grndttor*: amèynts f•llinu due wtthin om y••p
2024
2023
ActW815
13,052
19.846
10 Related party traTr¥actlons
There wero no di$dosabl• relotgd party tronsacb'ons durln9 Ihe yeaT12023- [￿￿91.
11 Analys18 of ch•ng•¥ in net fund5
The Char￿Y had no matèrial debt during the yéar.
12-