THE BARBARA WHATMORE CHARITABLE TRUST Created b Deed dAted 14tli A rll 1981 istered Number: 283336 ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025 INDEX Page Annual report I to4 R¢port of the ind¢pend¢nt examiner Statement of financial activities Balance sheet Notes forniing part of the accounts 8t0 10 Grants payable Inv¢stmenls aiid incoine I'e¢eived 12to 14 KNOX CROPPER
Page I THE BARBARA WHATMORE CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR NDII D 5TH APRIL 2025 Tlie trustees present their repoit for the yeai. ended 5th Api'il 2025. REFERENCE AND ADMINISTRATIVE DETAILS The Barbara Whatmore Chai'itable Trust is a R¢gister¢d Charity No. 283336. The Principal office addi'ess is 6 Balmoral Close, Licl)field, Staffs, WSI 4 9SP. The Trustees who held office during the year and up to the dale of this report wei'e'.- Mr E Gai'dinei. (Chairman from 28, Octobei. 2024) Mr D Borrow Mrs S Carter Mr D Eldridge Mi. L Gardiiier (ChaiiThan until 28 Octobei. 2024) (Relii'ed 28, Oolobei. 2024) Ms G Lewis On 28 ' Ootober 2024 Mr Luke Gardinei. retired as Chainnan and as a Trustee. Mrs Denise Gai'diner also I'etired as Administi'ator. Mi. Edinuiid Gai'din¢i' was thei) appointed as Cl)aii'man and Ms Catherine Gai'diner as Adminislralor. The Professional Advisers of the Cliarity are as follows: INDEPENDENT EXAMtNER.. GNCD Stevenson FCA Knox Croppei. LLP Office Suite I, Hasl¢mei'e Hoiise Lowei. Sti'eet Haslemere Sui'rey GU27 2PE BANKERS.. HSBC Bank plc 20 High Sii'eel Saxinundham Suffolk IP17 1 DB SOLICITORS.. Veale Wasboi'ough Vizards 24 Icing Williain Sii'¢et Loiidon EC4R 9AT STOCKBROKERS: Redinayne-Bentley LLP Market Place House 43 Market Place Henley-on-Thaine5 RG9 2AA STRUCTURE, GOVERNANCE AND MANAGEMENT ikgal Status and Constitution The Charity was cl'eated by Ti'ust Deed dated 14th April 1981. Trustees Appointment and Training The Ti'iistees al'e I'eci'uited and appoint¢d as and when required by the remaining Ti'ustees and pi'ovide a l'ange of peitiiieiit skills aiid ki)owledge. New Ti'ustees are inducted by the othei. Ti'llSt¢es and may attend i'elevant training courses.
Page 2 THE BARBARA WHATMORE CHARITABLE TRUST ANNUAL REI PORT FOR THE YEAR ENDED 5TH APRIL 2025 (Continued) STRUCTURE, GOVERNANCE AND MANAGEMENT (continued) M#nogement Arrangements Tlie Tnistees meet lialf yearly to monitoi. the activities of the Chai'ity, including the investment pei'forinance. During the year, the day to day adininistralion of tlie Charity is now undertaken by Mr E Gai'dinei. and Mr D Eldridge willi Ms C Gardiiier providi118 a focal point as trust adminisli'atoi.. Appi'opi'iate advice and support is also pi'ovid¢d by the Chai'ity's professional advisei's. Risk M#nagement Tlie Ti'ust¢es continiially review tlie majoi. risks to which th¢ charity is exposed, in paiti¢ulai' tl)ose related to the finai)ces of th¢ ehai'ity, and are satisfied tliat systems al'e ii) place to Initigate theii. exposui'e lo majoi. risk. The major risk of the charity is its ii)vestinent portfolio. OBJECTS AND ACTIVITIES Objects of the Charity The objects of the charity. as set out in the Ti'ust Deed, ar¢.. lo foster and pi'omote the education of the geii¢i'al public in tlie appi'ecialion of the aits aiid music, the I'elief of poveity, such other purposes I'ecogiiised by tlie law of England and Wales to be exclusively cliarilable. Criterio for Grants Within these objectives, the Ti'usl funds carefully chosen Cliltural aiid h¢i'ltage presei'vation projects in the UK (especially East Aiiglia). Eli&yible ureas include support for.. Schemes or bursaries foi. cliissical niusic eiliicnlioii, to enable young musicians to attend coiir8es or Inusic groups and oi'chesti'as, lo provide pi'actical expei'ience for singei's and instrumeiitalists with th¢ prospect of a career in ¢lassical Iniisic. eoiiservailoii aiid crafls Irniitiiig, via bursari¢s to recognised highei. educational teaching oi'ganisations. ediiculioii projecls iii niiiseiinis, Ilie ilielllre Iiiiil poelry, whicl) ii)spire young people and enhance tlieir expei'ience. Coii,servulioii of specifie eiidlliigci'ecl lii.slori¢ rtrlefllc15 aiid of the itiiliiral lieriloge eiiviroiinieiil is also eligiblc, as arepreveiilivepiojeels to pi'otect l)istoi'ic oi. natui'al collections. Exelusioits The Trust nevei. fiinds repair work to the fabric of buildings or sli'iictures. noi. the purchase of miisical instl'liments or works of art. Choi'al societies al'e ineligible as are festivals. llldividiials cannot be funded dii'ectly All applicatioi)s must b¢ on behalf of a registei'ed charity. Appliciilioii process Tlie Ti'ust holds meetin8S twice a year in Api'il and October. Applicatioiis shoiild be seiit to tl)e Adinii)istratoi', eithei. by post or as an einail attacl)ii)enl, to the Pi'iiicipal offi¢e address. Applications ¢an be I'eceived at any liine, biit not later tlian 15111 Mai'ch oi. 15th Septembei. to be in titne for coiisidei'ation foi. inclusion on tlie Agenda of the following month's half-yearly meeting.
Page 3 THE BARBARA WHATIVIORE CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDEI D 5TH APRIL 2025 (ContTnued) OBJECTS AND ACTIVITIES (conlinued) Objectives for the Year The enlii'e funds for the Charity were piovided by Ilie late Bai'bai'a Wliatmoi'e and the Trustees seek to make gi'ants, within the tenns of the Trust Deed. tliat are appi'opriate as a meiiiorial to liei.. ACHIEVEMENT AND PERFORMANCE Achievement of Objective and Public Benefit Tlie Cliarity coiitinued lo make donatiOllS to appiopriate chai'ilies, which this year tolalled £103,341, as listed in the Notes to the Accouiils, page I l. In making tl)ese grants the Ti'uslees liave refei'red to the giiidanee contained in the Charity Commission's guidance on public benefit. In particulai- the Trustees ¢onsidei'ed liow planned activities conti'ibute to the aims and obje¢liv¢s of the Chai'ity and are satisfied tl)at this is the case. Grant Making Policies Gi'ant appli¢ations ale reviewed to ensure they comply with the requirements of the Charity and the Ti'ustees authorise each payment. FINANCE REVIEW Results for the Year The Charity plans lo expend ils in¢ome on cliai'ilable donations, whilst keepiiig its eapital intact. In the year the Chai'ity received investment income aiid bank intei'est of £91,427 and expended £106,905, resulting in net expenditui'e for Ilie period of £15,478 before losses on investinenl assets. The Chai'ity saw a de¢i'ease of £120,582 in the mai'ket value of ils inv¢stm¢nts duriiig the yeai.. The inv¢stmenl portfolio is managed pi'ofessionally. Reseiwes Policy The Trustees Inainlain suffi¢i¢nl i'eserves in tlie Income Fund to Ineet expeeted direct chai'ilable expenditui'e. The Capital Fund is investd lo produce incoine foi. the Income Fund. FUTURE ACTIVITIES The Charity will continue lo generate incoine to make gi'aiils to charitable bodies.
Page 4 THE BARBARA WHATMORE CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5TH APIUL 2025 (Continued) STATEMENT OF TRUSTEES, RESPONSIBJLITIES Law applicable to chai'ilies in England and Wales requii'es the Trustees to prepare fiiiaiicial slalements foi. ¢ach financial year whi¢h give a Iriie aiid fail. view of the state of the chai'ity's financial activities during the y¢ai' and of ils financial posilioi) at lh¢ end of the yeai.. In pi'epai'iiig those financial slatemellls, giving a true aiid fail. view, the trustees Should follow best practice and.. select suitable accounting policies and apply them consistently. Inake judgeinei)ts and estimates that al'e reasonable and pi'udenl. state whether applicable accounting standai'ds have beeii followed subject to any malei'ial depaitui'es disclosed and explained in the financial slatement5' pi'epai'e financial statements on the going concern basis unless it is inappi'opriate to presuTne that the Charity will continue to operate. The Truste¢s al'e responsible foi. keeping proper accounting records which disclose with reasonable acciii'acy at ai)y tiine the financial positioii of the Chai'ity and which enable tliein to eiisui'e that tlie financial stateinenls comply with I'elevant l¢gislation and the trust deed. They al'e also re8ponsibl¢ for safeguai'ding the assets of the Chai'ity and hence taking i'¢asonable steps foi. the prevention and detection of fraud and otliei. ii'r¢gularities. B Y ORDER OF THE TRUSTEES E GARDINER CHAIRMAN 2025
Pagc 5 THE BARBARA WHATMORE CHARITABLE TRUST REPORT OF THE If4DEPEI f4DENT EXAMINER TO THE TRUSTEES I repoit to tlie ti'uslces on my exainii)alion of tlie a¢coiints of tl)e Bai'bara Wlialmore Cliaritable Ti'iisl (tlie Trust) for the year ended 5t1) Api'il 2025, wliicli comprise the Stateinelll of Financial Activities, the Balance Sheet and I'elated notes. This repoit is Inade to the Trustees, as a body, in accoi'dance with the tei'ms of my engagement. My work has b¢¢n iindertaken so that I might cai'iy out an Independent Examination of the fsnancial statements in accordance with the Genei'al Directions given by the Charity Coininissioiicrs. To the fiillest extent pei'mitted by law, I do not aecept or assume responsibility to ai)yone oih¢r thai) Ilie Ti'ust and the Ti'ust's Truslees as a body for tny work or for this I'eport. Responsibilities and basis of report As the Ti'uslees of the Trust you are i'esponsible foi. the pi'eparalion of the accounts in accoi'dance wilh the requii'einents of the Charities Act 2011 {'Ih¢ Act,). I I'eport in respect of my examination of the Ti'usl's accounts carried out undei. section 145 of tlie 201 l Act and in carrying out my exatninalioii I have followed all applicable Directions given by the Charity Commission under se¢tion 145{5){b) of tlie A¢t. Independent examiner'5 Statement I have coinpleled my examination. I confimi that no material matters have come to Iny attention in connection with the exatninalion giving me cause to believ¢ that in any Inatei'ial respect.. accounting IECOI'ds were not kepl in respect of the Ti'ust as required by section 130 of the Act. or t]ie accounts do not accoi'd with those r¢cords' or tlic accounts do not coinply with the applicable requirements concerning the fonn and content of accounts set oiit in tl)e Charities (Accoiints and Repoils) Regulations 2008 othei. tlian any I'equii'emenl tliat the accounts give a true 8nd fair view wliich is not a matter considered as part of ai) independeiit examination. I have no concerns and have come across no oiher mattel's in connection will) tlie examination to wliich attention sliould be drawn in tliis repoi'l in order to enable a pi'oper understanding of the aceounts to be I'ea¢h¢d. Office Siiite I, Haslemere House Lowei. Street, Haslemere Sui'rey GU27 2PE Gi'eg Stevenson FCA Knox Croppei. LLP Chartered Accountants II, 2olS
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Page 7 THE BARBARA WHATMORF CHARITABLf. TRUST BALANCE SHEET A T 5TH APRIL 2025 2025 2024 Notes FIXED ASSETS Investments 2.tk72,664 2,193,183 2,072,664 2,193,183 CURRENT ASSETS Balan¢¢s at bank 45,992 64,477 45,992 64,477 CURRENT LIABILITIES Pi'ofessional fees Unpaid gj'ants 1,380 56 1,380 3,000 1,436 4.380 NET CURRENT ASSETS 44,556 60,097 £2,117,220 £2,253,280 Represented by UNRESTRICTED FUNDS Capital fund Income fuiid 2,072,664 44,556 2,193,183 60,097 £2,117,220 £2,253,280 The accounts set out on pages 6 to 14 wei'e approved by the trustees and al'e signed on their behalf. ) TRUSTEES 3"..()L.u..... 2025
Page 8 THE BARBARA WHATMORE CHARITABLE TRUST NOTEI S FORMING PART OF THE ACCOUNTS FOR THC YEAR EIYDEI D 5TH APRIL 2025 I. ACCOUNTING POLICIES (a) Basis of Preparatioii and Assessmeiit of going Concern The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise slated in the relevant notes lo 1S]ese accounts. They have been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Cliariiies preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 102) and the Financial Reporting Standard applicable in the United Kir)gdom and Republic of Ireland (FRS 102 effective January 2019) and the Charities Act 2011. The accoiiiits l)ave been prepared to give a 'true and fail. view, and have depaited fi'om the Charitle5 (Accoiints and Reports) Regulations 2008 oiily to the extent I'equii'ed to provide a 'ti'ue and fair view,. This depai'lui'e involved following Aecoui)ting and Repoi'ling by Charities pi'epariiig theii. accouiits in accordance witli Il)e Financial Repoitiiig Standard applicable ii) tli¢ UIC and Republi¢ of Ireland (FRS102) issiied on 16 Jiily 2014 l'ather than the Accoiintliig and Repoi'ling by Chai'ities Statetnent of Recommended Practice effective from l Api'il 2005 whicl) has sin¢¢ been withdi'awn. The Charity constituies a public benefit entity as defined by FRS 102. The Trustees consider that there are no uncertainties about the Charity's ability ts) continue as a going concern. The Charity has taken advantage of the exemption not to prepare a cash flow statement. (b) Funds The Capital and Income Funds repi'esent the fiinds of the Charity that al'e not siibject to any I'esti'ictions I'egarding their use and al'e available for appli¢ation to tlie geiici'al pui'poses of Ili¢ Charity. Funds designated for a particular purpose by the Charity al'e unifstl'icted. Resti'icted Funds al'e fiinds wliicli al'e used in accoiylaiice witli specifi¢ i'estrictions imposed by donors oi. which have been I'aiscd by the Charity foi. a particular purpose. (c) Jneome All incotne is i'ecogi)ised once the charity has entitlement to the income, it is probable that Il)e income will b¢ received and the amount of incoine i'eeeivable Can b¢ measured reliably. (d) Expenditure Liabilities al'e recognised as expcnditure as sooii as there 15 a legal or constructive obligation coininitting the ¢harity to that expenditure, il is pi'obable that settlement will be required and the amount of the obligation can be Ineasured IEliably. All expeiidituir is accouiited for 01) an a¢ci'Lials basis. All expenses including support costs ai)d governan¢e costs al'e allocated oi. apportioiied to the applicable expenditui'c l)eadiiigs.
Page 9 THE BARBARA WHATMORE CHARITABLE TRUST NOTES FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 5TH APIUL 2025 I. ACCOLNTtNG POLICIES (continued) (e) Investments Inveslinei)Is are a forin of basic financial iiiveslment and are initially cogniSed at tlieir ti'ansaclion valiie and subsequciiily Ineasui'ed at fair value as at the balance slieet dale 11sing the losing qiiot¢d Inai'ket price. The stat¢ment of financial activities includes tlie nel gains ai)d losses arisii)g on I'evaluations and disposals througlioul the year. Realised gains and losses on investments al'e calculated as tlie difference between sales pi'oceeds and Iheii. opening cai'rying valiie or Iheii. pui'chase valu¢ if acquii'ed siibscqiient to tlie first day of the financial yeai.. Unrealised gains and losses al'e calculated as the diffei'en¢e between the fail. value at the year end and their carying value. (D Current Assets and Liabilities All known curiElIt assets are bi'ought into tlie ac¢ounts at the amounts which they al'e expected to r¢alise. All known liabilities al'e bi'ought into the accounts at their expected ¢ost. 2025 2024 2. CHARITABLE ACTIVITIES To cl)aritable and 'not-foi'_profit' organisations (page I l ) Ac¢ountancy fees Ti'ustees expe115es Legal fces Bank Cliai'ges Investinent Managers 103,341 1,380 1.104 907 73 100 85,384 1,380 sio 71 100 £106,905 £87,445 tNVESTMENTS (pages 12 to 14) Mai'ket valiie at 6th Api'il 2024 Additions at cost Disposal proceeds Realised gains and {losses) on disposals Uni'¢alised (losses)18ains on revaluation 2,183,827 9,030 (8,258) (1,552) (119,030) 2,075,409 8,306 (8,277) 16 108,373 2,064,017 2,183,827 Cash al liiveslinent Managers 8,647 9,356 Market value at 5th Api'il 2025 £2,072,664 £2,193,183 Historical cost of investmei)Is £1,258,123 £1,259,61S
Page 10 THE BARBARA WHATMORE CHARITABLE TRUST NOTES FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025 Contillued SUMMARY OF NET ASSETS BY FUNDS Unrestricted Fun(Is Capital Income Total 2025 Invcslments Balances al bank 2.072,664 2,072,664 45,992 45,992 2,072,664 45,992 2,118,656 Cui'rent liabilities (1,436) (1,436) £2,072,664 £44,556 £2.117,220 2024 Investments Balaiices at bank 2,193,183 2,193,183 64,477 64,477 2,193,183 64,477 2,257,660 Current liabilities (4,380) (4,380) £2,193,183 £60.097 £2,253.280 TRUSTEES, REMUNERATION Reiinbursement of expens¢s made to the Iruslees in respect of the year amount¢d to £1,104 (2024.. £510). RELATED PARTY TRANSACTION Othei. than tl)e r¢imbLirsemenl of Trustees Expenses set out in Note 5, tliei'e have been no related party transactions.
Page 11 THE BARBARA WHATMORf, CHARITABLE TRUST GRANTS PAYABLE FOR THE YEAR ENDED 5TH APRIL 2025 2025 2024 All Saiiils, Wighion Edward Bai'nsley Edu¢ational Ti'ust Edward James Foundation English Heritage Gainsboi'ougli's House Londoii Sympliony Orchesti'a National Youll) Orchestra Wallace Collection St NIary's Fi'oyle Southbai)k Sinfonia Benedetti Foundation Britten Peal's Arts City & Guilds of London Ait School English National Opei'a Foiindation foi. YoLing Musicians London Philliarmonic 0h¢st17 London Sinfonietta Textile Consei'vation Centr¢ Welsh National Opera Pi'o Coi'da King's Foundation (formerly Prin¢¢'s Foundation) Polka Tlieatre Royal Hoiticultural Society Sp¢¢ies Recovery Tnist Haslemere Educational Museum St Ni¢holas, Little Saxl)am Menagei'ie Theati'e Wilishii'e Wildlif¢ Ti'ust Dartington Music Summ¢i' School Gai'den Museum Little Ouse Headwaters Pioject Royal Society foi. Literature Chui'cli Cons¢rvation Trust s,000 5,000 5,000 5,000 5,000 5,000 5.000 4,771 4,620 4,500 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 3,950 3,000 3,000 3,000 3,000 2,500 4,000 5,000 4,000 4,000 4,000 4,500 4,000 4,000 4.000 3,000 4,000 4,000 4,000 4,000 3,575 3.000 3,000 4,000 3,000 3,000 2,500 2,309 2,000 2.000 500 £103,341 £85,384 (page 9) (page 9)
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