COW>ANY REGISTrATION NU￿ER. 02222910 CHARITY REGISThATION NUAIBER: 802711 The Whitlingham Charitable Trust Company Limited by Guarantee Report and Unaudited Financial Statements Year ended 31 Imarch 2023 111 1111 *ACIUQ5Q3* 2111212W23 CfAIPANIES HOUSE The Whldlngham Charitable Trust Company Llmlted by Guarante• R•port and Unauditad Flnancial Statement8 Y•ar gnd•d 31 March 2023 Pag• Trustees. annual report (incorporating the directo¢s report) Independent examinerfs report to the trustees 10 Statement of financial acthiities 12 Statement of financial position 13 Notes to the fina￿la1 stat￿ents 14 The followlng page8 do not forni part ofith• fjnanclal statsments: Delailed statement of finarKial actsvil￿S The Whltllngham Charitable Trust Company Limbted by Guarantee Report and Unaudited Fin•n¢Sal St•temnts Yftar ended 31 March 2023 Ref•r•n¢e and •dmini¥tr*llve d•tal R•gl8tered ch•iity name The Kffiitlinghom Charl*Jle Trust Charlty r•gl8trallon Nmb•r 802711 Conyry r•glstratlon number ￿2222950 Prfnclpal offke and regl8*red CJO 11 Farn Road Kity Bedc Norwich NR14 7DU Engla￿1 Th• Tr￿1¥ MrJRCokn Mr M Falcon Mr C Penn MrRDHLthn MrNRSav Mr M Bradi Mrs T Brown MrsA Croty Mr D Diggens Compafty 8•¢f¢tsry Ind•pendent Ex•nln•r RSM UK Tax Al￿ Ao>)urrtry Lirri*d 81enham House Bury St Edmunds fftilk IP33 3SB The Whitlingham Charltable Trust Company Llmlted by Guarnnteo Trustses, Annual Roport (Incorporating the Dlr•ctorfs Report) Y•ar •nded 31 March 2023 Tho trustees, who are also the direraors for tre Purpo￿ of c(￿￿Y law, present Ihir report Ihe ancial slalements of the ¢harity forthe yew ended 31 March 2023. SlrutthR* gov•rnafte• •nd managem•nt The Trust Is a cPorilable cowy, ljrrited ty guarantee. E¥w ry￿rnber ofth8 company Is a guarontor and undertakes lo c£JntrityJle lo the 8ssetsoflhe ￿n￿anY In the e¥entol rtbÈing wound up wilh a deficit of hjnds. $uth amounts as ￿Y be required up to the limrt of their guarantee. Each guarantofs liablity is h'mited to £1. Al 31 March 2D23. thwe V•Ere IDur such r￿￿)bers.. James Colman. Jake Colman, Christopher Penn and the 8ro* Auththity. The ￿lIlinghaM Chantabk TTus1 P￿Id$ 1(XS% of Iho issued share capital tsf Whitliryham TrwJing Company Limited. 8 company registered in EThJlarhJ and V4*$ irKorwrated on 14 Fe￿Uary 2022 Th8 n￿paI activty ol Ilhilingham Tr•ding Company Limited is that of a café ￿tablIShmEnt operatirvJ in Flint Bam. The company has laken advanlvJe oftt* extmpkn under section 399 oflhe Companies Act 20C6 not tD wepare o)nsolKlated ac£ourts. ￿ the b85ts that the group of whth this is the parent qualifies as a small gr(￿p. The Truskes oflhe charitatle cornpary duriry ts ye*. who are thrtttor5 crfthe comwy for the purposes of the Compan￿$ Act 21)J6. w•rB: Mr J R Colman Mr M Falcon Mr C Penn rRDHutton rNRSavory Mr M Bradbury Mrs T Brown Mrs A Cfotty Mr D Dig9ens (appointed > AUg￿t 2023) (appointed 3ffj August 20231 (¥pointed August 20231 (appointed 314 August 2023) Nort otlhe trusteas except Mr J R ColffBn aKI Mr C Penn are oflhe charitabfo conpaw. Th8 Bro•J$ Authfty, as the norr*￿ting W. gppoint a meth lo ts chgrilobl8 c4Jmpany and may apy)int up to fourtrustee& OlherTrust￿s are apptynted by the ffembers in a genera fTWting. The number olTrustee$ Shall nol be le85 than five bul shall not exeeed nu*. Trustee5 meet wularly a)d are r8sFth&ble lor makin9 deci%bns. Trustee aFpoinlJnènts arn mth on ts basis of rK*minatK>n$ by rn￿berS in association with the MerrKnndum and Articlè5 ofAssrfoti0n. The Whitlingham Charftable Trust Company Limit￿ by Guarantee TnMtee8' Annual Report (Incorporatln9 the Dlrectoes Report) (¢M& Y￿r ended 31 March 2023 Obl•ctlv•s and actMII The ¢h*abh eompany rt centre. on Ihe edge of Vthiuingham Great Broad tegan opeTating ift 2005; it is owned and managed by Norfolk County Council on land leasod from the TTU5t. By a managernentagreerr￿t they are also ￿sIble formanaging thewater space ofthetrwo Broads in the County Park This outdcor edu(¥llon comrAex dellvers a tt*mprehen8he Tar￿ of sport arpj adventuro￿ activilies. especkqlly yourKJ reop￿. Land has b•¢n Igased to wh￿11¥jharn Boath(yJses Foundatkx) for the constr￿1￿)n by them of purpc*built knlity for ￿Ing and canoeing ck￿e io the river Yare. The ￿)llingh8rn Boathouses project was ry)m*ted in August 2015. It has provKled an outstsnding ry)mmunty fadllty for both rowing and canoeing and ha¥ altra¢ted vistots to the Pa￿. [￿rIng the year under revw. the Tnst ts)ntiNed to ffon•3e the County Park in dose co￿Pe￿b0n vmth its parlners. inC￿ding N(xfc4k County Coundl. There 15 a rarwJe of a(￿$ OPFortunities for vi5it0 across the CoLrnty Pwk area w*h tyngovig imFxovements to the iftfraslr￿￿re bcrth underway and planned in the future. Large numbers OfpeOp￿0)nt￿iue tovisit ￿lI￿￿8M cO￿ty Part to W4oy thepoxefvl surroundings, with visitcKs having trte oppc*ttmity to enjoy outside rela￿{11n exercise. OL5f Volunteers coTrlucted a survw of usuig the Park during ts 2023 Easter holKlays. Thts Survey supp)rted by dats ctltained from the Flthit B8rn Cafè till car parkiry records provKles evwjence that about 300,000 peop￿ visit the County Pa￿ each ytsr. Th• Whltlingham Charftable Trust Company Limited by Guarnntsè Trustees. Annual Roport (Incorporaong the Dlrectorfs Report) (¢tythwrf) Year ended 31 March 2023 Aehlw•m•nts abMI p•rfgnYAn In deciding ¥thal a¢lNities the chaty slmxthl undertake tr* Tnthes have kept in Mir￿ tre ChaTty Commlwn's guxlwKg ￿ pubkG beneffit The County Park 1$ q)•n lo all of the put* a￿1 proyidgs a w4ir8d landscaF¢ v*hKh 15 rural in character ar￿ p￿fvI. The Park suppkments Ihe green Infra6trueture, arKI this role . Pro￿?t￿j and $upp)rted by the laThJ0Wne￿ and ILYal autlvity partnws. The network of pgthways witFu"n the Park is used ty ic9Jers. rnmbkn. fa￿￿1￿5 and dog Main pathways suitable for disabled access and there is a diswunted Pa￿1r¥j schenE for badge hJJder5. The first stagè ofthe projectto resurface the pathway that suffounds the npl2te ar£ess t> the G￿1 Broad will te greaty enhancod. The Nat￿)nO1 Cycle Route 1 ftslcpws VthIIIN4ham Ihg Part Akn. The lfy*eryman'$ Way traverses ek)se to the ts)Lmdary of the ronn￿￿n9 NLYVthich to Great Yarmouth over a éistance of 35 ffiles. The water areas of the Great and Litlle Broads pThlde sw for recreatson and education. The Park operates a Visltor Salety Policy wh¢h has been endorsed by all partr*r ¢yganisats"ons wthin tre Park. As part of ensuriNJ • in P* IHS bw updated arrtl & regukty thecw. Nopwi¢h car￿ CILO has use of the Litlle Broad for its trainru se$$￿n5 and Bothuse users have direci access to the River Yare navp38tb)n. Model Yacht Club meets ￿l¢e a week and mb8rs race their craft on the Great Broad. N¢rfdk Fire a Rescue Ser¥lce practi¢es w*er safety 8iniry at Wh1Uln￿•n. c*se tr> theirsl3tDn at Trows•. The PaFk promdes a FopuLgr venue for events educalK*n drawing attendances from NO￿￿h and the region. During the year the P•k hc6ted East Air Ambulance's Tre¢k 24, and also tr hb)rw￿h Trtathion. Juty wos a busy rrN)nth with Plen￿ ui the Pa￿. a mthi fesbval with INe bands. food and drink and film $C￿enIng$. tr* Open Water Swwrniing Championshijs. Paint Out Plein Air painting compebbon and the Qull arrtl Inkjing Theatre Company's production gf Ihe Pn"soner of Zender. At Halloween there was a special SIrn¥K￿ of Po¢us 0￿r 11JOO attended. The tharity a&0 wryked vlith Th2 FreelorKe Crea1tr4es to expknelurther(Pkvlunilie$forexp￿Oln9 the volunteer roks into foresi sthwls gutded wAlks. The grass arpas close lo the Flint Bam Bre w lo a shryt swar(f for arnnity purposes. ¢¢fidu¢tsd fortnightty over sumrner months. In certain See￿nS ol Park, conserva1￿ffl obj'ectpm lake wecedeNLX and publ￿ accFSS is discouraged for the beMfrtaf wiiJTrfe and habtsts. The Picnic Meadow is rrwi lo a conser4alion sthedule and has a nwe nabjral apparano¥. Hay Rbj'ng Is undertaken in parts of the pa￿ tsi encouraje Ihe gru•*lh ofwikl Tfee withn the Park ￿ conducted trrf tralned stsff $uWerTWtt8d ty contraclor5 as s¢ale and tyF* ofwort diclates in linevAlh the adopted tree polw. tree thand essential thinning were carried oth in thillingham and TrtrAfse Woods as part ofthe kJryJ tm management plan. Atree survey has Identrfiod lelliNJ and maintenan(x operalions in orderof wh)rity ts￿ing lito ￿nS￿l￿ration health arnd satsty probleff￿ ¥&ikllbfe habitsts, historK imFOrtanc8 Iw)ds¢ape v8luè. The Whitlingham Charitable Trust Company Limitsd by Guarnnl•• Trustses. Annual Report (lncorporatlng the Dirnthrfs Roport) (a)rf*J Year ended 31 March 2023 Thlg yea¢s maintenance Pmgrammg I￿uded 400m of (¥4yi¢#w tth on Ihe South Sldo ol the Great Bro•J. Thk4 hos hjd tho of operty up Ihe to hIgh1￿m Ihe Parf¢s natural bèauty. Wth effect from the 1 Awl 2022 the Whitlingham ChaiilaL49 Tntst, througli its wlK>ty subsidlary coffparry the Ihmlngham Trading Company ￿rnrted IIWC). to)k fv OFwaion of the Fllnt Bam Café In house. All the staff who wothed for the prevbus ￿erator across lo the new company. They ovide ourvisit¢ys with a Yarni tAElcome and excellent ftKKI and drinks. The Tru51ees are mctst graleful to them for Ih*r GUPPOrt and hard work DilapKlations were pui rvJhL whibl the Café trnded throughout year. Tumover was Just short of £500,OCQ and the Ivrc c￿nin￿Uled £40.ofNJ in rent and in addition GiftAided profits of£57.958 to the charty post year end. At Ihe end 91 the year the palio was re3urf￿ed wlih a nomlip resin swlace and the %Yknnteeis have Iwill new br this outside area. Th8 trustees are entyrrnu$ty grateful to principa15 of its mar)aFn￿ft a)mpany. HK Counlry8id8 Management Llmited. They work ￿'r￿e$s￿ ¢)n our behalf running th8 Park on a day-l￿tsy basi5 and in 2022 they also tOL* on the management of thevthillingham Trading Cornpany Lirriled. The Part¢s volunteets o)ntinu8 to make a va￿1￿1e contrlbuuon to the County Park. Tho volunteers continue to use their trainiThJ in tYts*lrKJ, trxush ￿ttr￿J, traclor drrviNJ and wood chipping to assist them to herp maintsin the P*k, iwèrtd￿1ty and alorgside the m8n4errenl company. O regular P*k Volunteers gave 1.970 hoLWS to the Park in 2022f23 and have awsted with $rte ¢he¢ks,' vegetst￿n managemn( fumitufv vepairs: SP)ectS C4)ntrol; ltter pckvw, eng￿1￿9 With the publt and day to day maintenartt. 2.112 additional ¥O￿nteer were rANded ty Cwate v￿untEering and 182 Y￿n9 people have benefitted from work and outdclir edu¢*iw wilh the P* TeaffL The Trustees Vlvuld like to record their appre(Ja￿n of all vA>rk by the vduntews as with th&r effDrts. Park contnues lo be a beautilul en¥ronff*nt for Vksilors. Under the agreementbefvmn the landowners and the Trust. Ihe Trust has been erthW￿ with a capital sum of £553.IXIO received by instalments. Ihe final being le￿Ned in 1999. The Trust has invested this to 8ssist in lunding annual maintenance arKI administrabon costs otthe Par Funding is rewired to finance further dvleloprrnnt of ar*nitss arKI fxilit*S and subsequent maintènance to cope with the irKreased nurn￿rs visiting ts P¥k. Grant luThJing knr this purpos8 ha5 been obtained through enrdment as an en￿ronmÈntal tr par￿ll￿ for Ihi5 PufF￿e. The Whltlingham Charltable Trust Company Limlted by Guarants• Trustees. Annual Réport (Incorpornting the Directors Report} (¢ty*thu•¢ Year ended 31 March 2023 poM¢y 1115 the intentton of Ihè TNstO8s th* the fre* availaile re¥eNe$of Tw*shouhY be bulll up to. arrfl nkq1tsir￿d al, a level iy sumo¥¢nt to ertsure tho LXX)knuation ofthe Trusfs athilte5. Fredy awlatjle res•rves are unrestriL*ed Ivnds which am not commiited to or invesbj in tangi1￿8 r￿ed In detgrminlry an 8pproprfole18¥el ol reser¥es IheTnJs*85 have ward to a number ol rretters wh*h I￿l￿de.. 1. Forecasts of expenthiure on the basis of ￿aTrThed adi¥ity. In fijwre years it 15 anlicTrp3 that Man￿ery￿rrt arwj rr*intenance of ihe CW Park * l*ety to increw due to age and intensty of use. 2. The roquiTementfoT day to wrykww ￿p1a[ 3. Income woukl irKlwlethedNerstyofsourcesofincorre, the relwbihty of in¢omg sources, prospe¢¢s for developing S￿l¢eS of Inco￿ and an assessment on Ihe evidence availab* ol the likeknho(xl of each of these varying and the ￿tent￿l impact on the TNstaf being able lo deal with such IIuL*uatw. 4. Anatysis of future iisks WKI Mntingenups whith *xwld be to be fT*t out of re9LAar Nicotte. S. Funds ¥￿11 be Tequirnd to ￿lIac¢ fixed a￿. After0)nS￿lerall0ft of the aL*we Twsiee5 have deeKled Ihat an appropriate level of fr* ￿SeNe$ 18 Al 31 2023. unrestncted Iw merves were £3eg.407 7*thich is apyoximale￿ months of annual unrestiicted expenditiffe. The Fixed Asset fuThJ of £87,021 h85 b8on deswied to cover the purchases and Wtskltstton costs of the tsjilet t4￿￿ trxtor and fi￿t phase of Ihe signage repLx*ment. The reseNes for futyre eapital spend srts at £27.087. This period assumes the o)nlinu*m of grants and for re5trKtsd pUr[￿se3 expenditure vthth. rf Income were to docrease. c¢￿Id resurt ￿ Ihe perh￿ beKvJ mu(* 5h(xter. The resw¥es Poly Is SLknject to wogular revlew ty the Tntstees. Inveslm•nt polky & perform•fftc• Th& rknrtlablE rxm￿nIS ol assodatK>n. %thich Wide p(r4￿ of investsnenL govem the The Trustees. poty Is. after fec*piiffj 5utskAe athe. to Invest in IBled 5ecurftss en tr* London Stod Exchange and S￿￿.jUlY 2016 has restricted its investrrwrt inio tOts￿) companies and those cofflpanEs that rrwy wtentialty dam•Je ts ILKal areBS to Ihe Country Park as well as dNersfying its rorttolio to thKlude Investrnent wi b1￿ chip gk)bal e4Uiti•s. Tr investrnenl 0tr4eclives are to ￿1Th￿In income al a reasonable kvel. whitst preservirKJ the real value of en¢*y￿1 funds, and lo maximis& in¢rrfne on temFKxanTr inve*d ur￿eStr￿ reslricled tunds. Th8 chty's Investme￿ have continued lo be ryw4ged In o)nfoimity with our p)liGy. The income return on the avwage co¥1 of investm￿ts fN the yew was approxim* 2.9ts%12022: 3.15%), the Trustees oJn*ler to te saknsfad￿. The Whitlingham Charitable Trust Company Llmited by Guarantse T￿￿te•s. Annual Report (Incorpornllng the Directorfs Report) (cowthu•dJ Yoar end•d 31 hlarch 2023 Flnan¢l•l Te¥le•• The balaKe of the endowed caplal fund at 31 Mar(* 2023 of £1,LW7.638 rewesents tr* ￿pital trtstslft￿ts recelved of £553,(KIO. plus vJnthtr4e Incr￿ in ￿ market ValL￿ of the underlying Investrnents of £534.638. The net change in the market value (* Inveskn￿ts for the y￿r was a decrease of£47.614. The Trust￿, h8wng u￿lertaken a in the year. now operate an ethicalty geared policy on ts investThwls. The Inve5trent pc*ifalh) T￿11 c£rtlnue to te managed to provide tem) grty¥th and to maxlmise ineJ)m wlh(xrt undue iisk Huhtver, in vtw of current wofvj events. the outlook in the yew br 5ati5taW n¥estsr*nl perfom)3nce aThtinues to be uncertain. both In terw* of marketvdue incom reium. Th8Trust 1$ onrolled wrth ENTRUST as an environmenlal body ￿der Ihe Landfill Tax regulations. TNst has pre￿OuSty wer4eii grant fundir9 resulted in the op￿ing oflhe Flinl 8am. ENTRUST regulafjons requtre rts knterest lo bè hs at 31 March 2023 Ihe resti1c￿ funds balance was £737.407. Unrnstricted income to the genwal fvnd for the year 01 £322,903 represents inVeSt￿t income, car rk wieome and unrestrleted grants and 4*xk*ions appl¢catr*n to the general r￿n1r@ and adnlnlstrallon costs of the Trust. Unrestrthd eypenditure in y￿r of £342.757 on maintenance and management of the Park and general admintstr*ion ha5 (*ar9ed against thi5 income. The balance of the unrestricted general fu￿1 carried forwa￿ of£389.407 wil be required forincreasing fvlure rnintenance aThJ managementcosts. As at 31 March2023the baance on the designated Un￿￿ted lund amounted to £123,683. In totsl the balarte of the Unrestric￿ thJnd as at 31 March 2023 amunted to £513,09). Rlsk M￿ageM•nt The Trustees undettske a of m8i(Y slratsgiq bAsiMss and operatiorAI risks lacing the charity. This is effectuated tr￿ugh a Risk RegBter by whth the TnBto8s can Klontfy and assess each category of ii6kwh*th sX*ukY r￿entialty ieopwdkne the Ihe Tpjsfs key obJKtr¥es and the way it operates. Risks are hlentified and ff¢asfftJ ￿ Ilw S￿￿•b￿rtY and inwt or sevwthi using a scale of 1 to 3 to ascertain a risk t￿erance level. Th8 aim isto managg ￿ fT4kstoas h)wa tu￿rancelOVe1 a5 rèasonabty practK4blg by intrrKlu(tsn of measures vthith arn reviewed to ensure that the systems in place to mana3e the risk are rO￿t and reasonatrAe. At the t#ne of the re¥￿, tho Tn￿1 h85 Id￿lir￿j aNI ¢ffjwdèr6d E8varal risks to be aiove the ac¢eptsble toleran￿ level. These are oulkned arA1 n¥trJated as folky*%' Thè non-ayaikbilityibss of the lfyhitlingham Chair. men*8rs. DweCtO￿ and Company So¢retsry. In Iho evwtll￿ATtsC￿s ofAsso(4alion govems the pIc￿edureS to b& pulin pkce fr*r noM￿al]r￿J mert)ets. Signifitxnt loss of irKome as a resuK of a reduclK)n Kb the on investrnents. lower car parktng fevenue and rtcom from owdtyng Ihe F&)t Bam café. The Tr￿le¢S meet Barratt & Cooke, th8 Trusfs irN6St￿ nw*ers, annLKaty in addilM to rewving rBgular repoTts in QTrSerto revw the TrLHVs nveslm￿. A dl8creoonary sw¥1￿ is in fv w¢th the Tfusrs Investff￿ mawers allowin9 th￿7 to trade secufibes in thè portfolio actsrdingly. The Trustees h￿e entered a contract with RCP Parking Lirr•ted for the management of thè car parks and PJ) orwi9eff￿t is ￿ Fla￿ to a￿p1 Gashless Pa￿ts. The management and The Whltllngham Charitsble Trust Company Limlted by Guarantee Trustee8' Annual Report Ilncorporating tho Dlrectorfs Rèport) Yoar ended 31 March 2023 Operation of the Flin¢ Café has Lw taken in I￿V$8 and is nw OFer*d by through the ￿llIngh￿n Trajing C{M￿anY Lwiwted. I1￿ erwemeniwith key Partr￿￿&￿&1￿￿detswhirh o)Lld brgakd¢xvn key relat￿nS on issues affecting tho Pa￿ and rewft in the faflU￿ to delwerobiective8. loss of irlcoffo and rpFOrtunities. The Trust endeavours ￿ Thwintain an open and Irartsparent ￿lalI0n$hlp with key Partfier￿takeho1Oets. partrws suth as steff 1￿M thiuingham A(*¥an￿re attend Trust meebngs in order to keep abreast of ()nwirg issues. The death or serious injury to Yolunteers and contrxtors which could lead to loss of exrRrtise. loss of cre(ri￿7ty with fv puMrJslakeh￿ders arKI prrtential lryal aLtion against tre Tnjst He4lh and safety pffjcedures and pdDi8s are already in pthe to counter an event $4Kh iisks from aiisbry. Regular ri¥k Sssessrf￿ts are wried DUI to @n5ure the salety of suffouThlings as well as sftdmd￿S and where wu1￿1 health and safety tralnlng is provided tw. Contfftuous satsty èudits and ongoiig rr01nl￿ft¢t PTcsrammes forlools Jnd ewiprnent also ensure ffir¢irnigng FQtential hazanls. The death or serious In￿Ury to a mmber of the wblic which could result In criil or Criminal 8CtkM against the T￿￿( potentiaj dosure of the Pèrk. *al costs and fines. l¢)ss of edibiltylrewtstion with the puUi¢ ard *0 higlw inswarKe P￿￿lUMs. Rwrous policies and plans are in pl* to cover hazards presented ftt b)th larwj and water throu9h a Visitor Safety management Fkn thlch is atso published. FuthernYJre. regular wle inspeGbon$ of Iwniture. fac1￿)eS and annual tree surveys in to the audit end reviewof slgnage arKI reS￿e equipn*nt are conducled as p•loftr*E sts safety system in place for the P*k. G¢ihB Conc•m The Trustees xkJ*yAled9e unceitwty sun0und*￿ Ihe nètional ecrxw and the Tn￿r8 xtlvlljes. They ￿11 Contin￿ lo rTh)nTtL* the inw8Ct on the Trust and its financol arrangements. The T￿￿1 has beèn mntioring its eash flow rrwjnthty w ensure that it has Sufftient res￿rCeS to continue to oporate on a day to day basB. The Trust h85 prepaftd trw(Igel for Ihg year ending 31 March 2024 and has Considered ts rr*dium twm firwcial plan for the kviod atleasl 12 nKffiths frDrn ts dats of svJning the finan￿1 state￿nts. The Trustees al the date of swaning Ihe fir￿￿￿• sl*wtts Is that the Trust remain$ vrable and rem8ins a going wrKem. Plans for Future PeAodB The Trust remins comnMtteAI to I18tbwwu ts ￿re puw of P￿vIl￿￿ a tkn of quiet enjoyment lor its visitors. ¢￿er the next few years the Trusiand ts landww are Icc&ing to ¥nprovetsciSities wdhln the CrAJntry Park. The p8th surrounding the Gwl Broaj 1$ in the pnxess of being resurfaced in its entirety and RISE toilet 1$ also beffj e4JnstnKied. These piojects ￿11 impri)ve acce￿ arwj facilit￿ wthin the Park The Nint 8am Café 15 planned lo be refuflxsthl in 2023r24. The Whllllngham Charllablo Tr￿t Company Llmliod by Gurnkn• Tnrnto0•' Annual R•part {In¢ory>Drating th• Dir•ctof• Report>￿•￿*0 Ya4r and•d 31 Mar¢h 2023 htors when tlw attend exlwn•l vrtrbts kn lh• pwk. pkn kn •Kp8nd thè prothtsi¢>n of *ustsos' report and Ih• finwKiAI Statem￿ In a¢AYthr￿ app** law and Unrtgd lfjngthjm tnjo *wJ fall vw ol 11• 5ts1o of affairs of the dw*able rjxnpary ￿$0￿r(•S thal dwrftywil buwne6•. S￿on d the aThl 8nat* ID ewra that th& fr*al ststern?rts crnipty with Ihe Companies Ad ￿. aro #I￿ rwpomthi for skfegu*dlnp thè a•80ts ollh• doriy and herKe Thetru&ees' annual Tewt andts str*okYep>lw•v "13 and sillr￿d on Mr N SAvw¥ TNst8• The Whltllngham Charftabh Trust Company Llmitffil ty Ouafa•th• Indep¢ndefit Ex•mlnee• Report tr• the of Th• Whllungharn Charlt•b Trnot Yur •ndod 31 Ma￿h 2023 Trust cuny•rf) yow •rthl 31 207a. whh* •p •01 ￿tOn 12 to 36. As Iho ol th0 (•#14150 h dlwedorn tr the cOM￿nY Ix) you • 8alsff￿ my￿￿that￿e￿nane￿$l•Ivr*nts dthe Lsxftp#ny¥ernl ￿9￿re￿ to beauthd under Potl 18 of the 20[￿ Ad and ￿ elw fL* ti)daF￿￿1￿TrI 8x8m•aiiDn l rnport In Yosp8ct 01 my •xornlftatton ol w ca8￿S st8toments as uTrthT 8oEim 145 of Charfes Ad 2011 flhe 2011 Acf). In carrying rrty exavrinatkn I ha¥elolbJ*ed ￿ DtrethTh ¥ven bytre ChaT undergodll￿ 14515)O>l oftr* Z011 An ndeFendort a￿¥nal￿ (knes Mt in¥ol4* the Ilka vodd ￿ requirgd in an dtt wnsequenty Ik￿ th• that an audtr rATh*l#rs lli gr¥ino ¢yinion on the f#Mntaal s&it•Ththts. F4thng and ¢)￿1￿cl of an a￿1￿ goes beyDrd the lkntted asStjr￿e ttot an ￿dep￿dent exarrinaiKfi w prnide. ConseqLwU¥. l no wion as kn whethor the fjnon¢tai Btaternents pre$￿t a 7￿￿ arrfl f&r rewt li Ffflited 1011M? 8p**ff4itern 5 out inthe wKlependert eX•wi￿$ sloleN*rL Ind•widethtwrnln•rfi *t•t•mrt li51ed lrt sedton 145 of ts 2011 Iwffirm Iw l am qu8fthed to ur•Jèrtak¢ tr*examtnatKin b*xuse 2006 *' Z the financ¥al Slatern￿lS dD *iih or 2￿ Ad Gtsr than Wy iery¥errnnt tW the fjnarwl stsièments 9pM a and falr %ia¥K ofthe Staknent Prndr*.. arAI by Ch¥lkn applk4b trJ ch8rittes wepgrir#J Ihw IlnaN91 ststffinents li ac4x¥dgrtt th the Fknaraal Rwbtng Stand•d ap*abkn UK (FRS 102k 10 T.he Whltlingham Charitable Trust Company Llmlted by Guarnnt•e Indep•ndont Examirnrf• Roport to tho TnMt•o• of Th• Whmllngham Charitablo Trust Yoar ended 31 March 2023 I tdvo no wi¢ems and havecome a(Yoss no oth•r rrotters in conneclwt wilh Ihg examnation to ¥thi¢h attentKsn sh￿Id trE drawn in this rewl in 0￿er to groble a prDper uTrJwstanding of tho thanaal Statements to t• reacl*d. Name.. Clalre Suthertar#d Name ol aFpll¢abk Ilsted brxly". The Insliluts ofChart•red Ar£ountants n E￿￿ftd and Wales Reknnl professthal qualficalion or menkner¥hp of rKofessiond IW.. Chartered knounianl On behalfol RSM UK Tax and Lwnrted Blenheim House Nèwmarket Road Bury St EdmurKIs Sijffolk IP33 3SB 19 Oecembef 2023 11 The Whitllngham Charitable Trust Company Limited by Guaranlee Statoment of Financial Activities (including In¢ome and expenditure account) Year ended 31 March 2023 2023 funds funds funds Tot•1 fun* Totsl funds I1￿0m9 and •nd¢yrnnts Don#t￿n6 and logattes 151.267 157.867 21,500 Charrtable aclTrvittes 61.680 61.680 93,214 Olhei tr•Jing activrt 223.7 223.706 225,588 Inveslrnenl irKoTh 27.545 27,545 27.690 Olher iricome 3.372 1372 51,682 Total Incom¢ 322.903 151,267 474,170 419,674 Expendlturn ExpendilurE on rdisirq funds.. Costs of other tradin9 adNib'es 93.398 89.504 Investment management costs 11 4,302 6,228 ExpenditurE on charitablg activities 12 24S.057 49.083 294,140 391.840 228.080 323.812 Total •xp•ndllur• 342.757 49.083 Net (lossesygains on 14 14.352} {43.262} (47,6141 81,814 Tra￿fer bet*een furKIs 67.206 4.416 (71,822) Net Incom•ll•xpendlturel and not movement in fund# 43.000 1￿.600 (114.8841 34.716 177.676 R•¢onclll•tlofv of fvndB Total lund$ Lyoughl fornvard Totsl lunds carried forwanl 470.090 635.012 741.612 1.2tr2.522 2.307.624 1.087,638 2.342.340 2,129,948 2.307.624 513.0 nol•• on pag8$ 14 10 34 ftym p•rt of#wo•fin•n¢L•l •tal•m•n 12 The Whltllngham Charitable Trust Company Lrnltsd by Guarantse Stat•m•nl of Flnan¢lal Poslllon Year ended 31 ltsrch 2023 2023 F￿•d Tangibl6 T￿•d a880ts lffii&lments 17 710.652 18 1.197,025 1.9i17.677 708.338 1.2%.847 1,985,185 Current ••••ts 19 230,221 166,750 225.942 622,913 206,046 166,750 108.101 480,897 (188.250) {136,458) 434,863 342.439 2.342,340 2,307,624 Investments- COIF chaity dEpog* furnl Cash at bank and in hand Cr•d#on¥: amounts tslllng du• TAlthln *)n• ye•r N•t a88•18 Fund• of th• ¢haffty Endowmert funds Restrictgd fvnds Unrestricted funds. Generdl funds Dosignated funds Totsl unrnBtrIGt•d funds 1.087,638 741,612 1,2￿2.522 835.012 389,407 1.23.683 513,090 2.342.340 J6,471 163.619 470.090 2,307.624 Totsl ch*rity fvnd* The Fin8neial stato￿ts hwe been prepared in with Ihe WOVi5hins opFIiG8ble to ¢omp8nios $ubie¢t to tho $WAII companiBs w¥ne. For the finan¢ral year ended 31 March 2023 the company ¥As enbthd kn exty¥Jn frcrfn undw 68cts.on 477 of the Comp￿leS 20C6 relaling to sff•ll conwanies. The members have not requrred Ihe company * obtain an of its fingrKlal staten*nts for the y￿1 in question In atte￿arr& wth 476. The finarKlal slakn*nts qppro￿d ty th& board of t￿tsteeS and thrisetl fof iSSL* '.￿.•￿ ar8 *gned ont&bafDf the board ty: Mr N SaY￿y Truste• The not•¥ on 14 10 34 forn.1 part ol Ih•Be IlnanpJ•l •lAl•m•nt•. 13 The Whitlingham Charitable Trust Company Limited by Guarants• Not•8 to the Flnanclal Statements (¢*¥•¥•¢ Year onded 31 March 2023 G•n•r•l hrfornmtlon ¢t¢rfy Is a pUb￿C benefft enoty and 8 F¥Nate compaw fifflled ty guaantae. registe￿ in England and Wales and a regtstefftl charlty in Engkqnd and Vkles. The ￿dresS of the rwstered oifKe is CIO Liited. kfil Fam, Roaa. Kifby Bedon, Nor￿h, NR14 7DU. England. I st•torn•nt of complianc¢ These financial statsry*nts have b•en swared fft c4mplian¢e with FRS 102. Tr Flnencial Reporting Standard appth'cat)le in the UK and the Republlc of Ireknd.. th8 Ststement ot R8wmrrnnded Practice applicable to dwit* weparing thow aCt￿rtts in occ4rdènce with the FinarLi81 Reportry Stsndard applicable in the UK and Rewbl* of lie￿nd (FRS 1021 {Chaiittes SORP (FRS 102)) and the A£t2Cth. A¢¢ountOno poNcl Bash ol pr•parnllon firwcial ststernnts hove prep0￿ urthi fv histo￿￿ (x)st com1•nti￿. nxdified to In¢￿de ii¥estments aThJ certaHI finar¢k* i)stwments at tslr value Tre financwl sla*rf*nts are propared in sterfing. whKh is the lunc*onal cuffency of the enty. illingham Tr*Jing Company Limfted w•5 Irmrporated ¢)n 14 Februay 2022 The Trust as the soje she￿holder. This tra(ling c4nw has teen set up in orderto oper* F￿nI Barn as café and began lo trale on l April 2022. The tralry cOrnp￿Y will continue tr) rent kn The Trust 01 th8 rate as prevK)US tenants but intends to the donats profiis to The TTUSt on an annual The corrpa)y tsken advant8geofthe exomptK•n undet xtb)n 399 ofthe Coffpanks Act2006 t to PTepaTe ¢onsol*Jated amnts, on the ba￿5 that the group of whi¢h thi¥ is the parent quali￿5 as a small group. The financkal stalew*nts pmnt Inlxmation about the u>mpany as an indwidual entty and about its group. 14 The Whitlingham Charitable Trust Company Llmlted by Guarantee Notes to th• Flnanclal Stat•m•nts (¢w Year ￿ded 31 March 2023 Going cO￿•M The Tnjsws acknowlwJg8 fv signifKWt v￿OrtaInty n￿l￿al ocontyry and the Trusfs activlies. They will c¢nlinue to the iryact on •KI ts fina￿1￿1 ar￿geMents. The Trust IMS been wrf)nrtorry ts cash )lThv quartety to ensure that * has suffi(ient cash resources to continue to operate on a day lo day basis. The Tw$t has prepared budget for the year ending 31 Voreh 2024 aThJ h05 0)n5idBred its ThEdium term ffinartial plan ts the perlod at least 12 months from Ihe (l* ofsigning the fin￿la1 slateTh￿nts. The Trustees al the dale of slgriry the fin8ncial slatements is that Trust renwis voble and remairo a g(xng c<>ncem. Fund accounting Unrestricted lunds ￿e availatAe for use at the disc￿lI)n of Ihe Trustee$ to lurther any of the charity's purposes. Design*ed funds are ￿TeStricted frJThJs earmthd by the Twstees fly particular luture proje£* (x commilmenL Endowment fund rewesents capt* instalments reL*r￿d to rrnide the pmr*nt capilal of the Charity and the ￿MUlat￿e irwea5e in the mathet watue ofthe undertying investrnents. In(x)me earne¢J frDm the investrnenl of these funds 15 to be used lo financE the day tt) day running and conb'nued th*bpment of ihe tharty. AJI ii(xxne is (xedrted to the unresiricled general fund on receipL Restricted funds are crth*ed when grnnts. income aThl O)nations are received for a particular purpose. trE use ofwffi￿h is restricted to that purpose. The aim and use of exh restricted fvnd is $etout in note 22 to the th￿ck21 ststwrnnts. R•strthd funds suLyected to rE5trictK>n$ on theirexpendrluredethrEd by the donor or through tern￿ ofan ap￿￿. lall into one oflwo gjtscksses: restn"¢Xed jrKiTh funds oreThJowff*nt funds. Tha Whitlingham Charitable TNst Company Llmftad by Guarantee Notes to the Financtal stat￿lents (rtythw•dJ Year ended 31 MaKh 2023 Accountlng poIKI•• In¢omkng i•soiirces All incx)mww res¢)urces are irKlud•Y in Ihe statemert of financHI activlttes when entitlement has passed to the tharity. it is probable that￿ er¥)Th)mic I￿nefits a$soc4*ed the transaction will fy)w lo the ¢h8rty ar￿ the artunt can be ￿lia￿ mpa5ured. The folmng sperific are ap￿led k) pgrtKular of y￿rne. Income fTom c*arrtable activrt*s, donalv)ns or grdnts a￿ re(￿nISed when there is evidence of entitlwnert to the git rgceipt 15 wobab* and is amountcan be measuied reliabty. Incon* from drmaled gcc•Js L8 masured * the fair value of thg go￿*S unless this is irnpractral lo mpasure relk4t4y, in whth cas8 Ihe value is derived from the cosl to the donor Ihe estirnated re58lE value. Donated fac11rt￿5 and semces a￿ fecognised in the accounts when recwved rf the value can be reliabty rrEasured. No afthiunts are includeLI for thg anlrlbubon o19eneral vdunteets. Inve5trn￿ts and ¢)ther incoTh* are w*￿e r¥£r4able. IrKoTh Irom tsling is fOr.Wh￿ ea￿d. Exp8ndittwe is recc¥Jnis&l on an acw* as a liats.lty is incwTed Ex￿ndit￿e 11K￿deS any VAT which cannot be ful￿ recovered. ond is dassfvd under headings ofthe ststement offinan¢ial tNities ts vthich it ￿lates. Expenditu￿ on raising funds inc%Klesth8 cctsts associated with grarf appI￿n$, managing Iiveslments and geneiatry donat*Jns and ary other related cxlsts. Expendi(ure on charitsbk actNitw includes all wgts w￿U[red by a ¢harty in undertaking 8cbwts•s tr*t furlhei ifs ¢harit*lg frjr knefft of its benefic4aries. including those supwt costs costs rd81ry to the g0Vemar￿ of the charity apportion•d to charitable Supwrt costs are allocated l*tw the expenditure categones ofthe Statsn*nlof FmrKaal Activities on a basis destgned to w0port￿n o)sts wthin each heading. 16 The Whitlingham Charitable Trust Company Limited by Guarantee Notes to the Flnanclal Statements iconthwo) Year ended 31 March 2023 countlTra pollcl•8 (c￿¥ Op•rAting l•a89S Lease payments are ro(x>gnisod • an owse o¥er the tem) on a straigh14ine basis. The aggfegate benefft ol lease Wbcenti¥es is re￿nised as a ￿lucI1)n lo expense overthe lèase km, on a slraight4ine bags. Lease inconE is Tecognised in income or 8xpendrtUTe c¥) a stra**t h.ne t*sis over thelease teTm. The aggregate of lease incentNes a￿ reccMJntsed as a reduction to income over the lease tem ￿ a $lrafjht-Iwie baws. CcBts, Ind￿￿1n9 depre&at￿n. In￿rred in eaming the le8se income are recA)gntsed as an expense. Any initsl direct costs inLxYTed in negotiating and arranging the operating lease are atxed lo the CA￿1n9 amount ofthe lease and wnised as an 8xpwise over the lease term on the sam b* as the lease Tanglblo asuts Tangible a5$etsare initialty record￿1 al cosL andsubsequenty slated at c*st lessany aecumu￿ted d2prec1atK￿ and impaimwt losses. Any taThJille assets rarried al amounts a￿ recorded at thè fair vaknè at Ihè date Df revaluatK￿ less any subsequent xcumuL*d ¢w￿la110n and subwuent acc￿rnL￿ated Impalm￿nI loss D•proCiltion Depredaucn is rakulated so as to thwite off tr* ¢c6t of an asse( less ils residual value. over tho useful er))nomK lrfe of that asset as folbyws: Land and buldin9S Tractrff Mower Fixtures, fth'ngs and equipment PavilKJn and Gator Buggy Toilet b[￿k 2%- 5% ppr ￿nuM straitht line 25% per annurn reducing balance 25% pw annwn red￿19 bolance 25% w anrwm rnduung balarKe 2% annum straight Iw Listed inveslff*nts are w￿Sured at fair Va￿ with charoe8 in far value teing rec*)gnised In income or exFendilure. The investrnent in the sut6KJiary. Vthitl¥￿harn Traling Company Limited 1$ valued at Ihe MnNnal re value of £1. The subsidiary (1)n￿er￿￿j trading C￿ 1 Apnl 2022. 17 The Whitlingham Charitsble Trust Company Limited by Guarnntee Notes lo the Flnanclal Statements Y￿r ended 31 March 2023 AcwurflrwJ pollcl•s f¢ Impaknwnt of Ilx•d a6Mts A revlew for indicalors of impairrrent o Ca￿led wt al reportkng da￿. with Ihe reujverable amount being estimated wh*re such ex&st Khere the eaffying value exceeds the rfLoverable arwunL the asset is impaired acc?￿ln91y. l*ior iwknients are 9[￿ revierted for possible revwsal at eath ieptyting date. Forthe purposes of impaimwil tesling. *fften it Is rot p)ssbi ￿ to estimate the recov&rable amount ol an indNidu81 asset, an esbffole is made of the re¢y)verable amount of the c8sh-generab.ng unit to ¥th￿h the asset belongs. The cashweraliry unrt ts the $mèliest thntffiable group of assets that indudes the asset an¢ gener*es cash infbws Ihat largety independent of the (Xsh inllows from ot￿r ass* orgrovps ofassets. Flnanci•l Inslrnments A financial asset or a finanei* fiatilty is rwnised onPy when the charty be￿rnes a psrty to the contractual provis￿nS olthe inthmenL Basic financlal irthments we ir¥tialy rwnised at the amunt receNable or payable In¢l￿J￿ any related trans&th?n costs. Curyentassets aThJ curreni tslyfibes are subsequenty Trwsured atthe cash orother¢on¥iderafion ex￿¢ted to be pahd or r￿e1¥￿ and ￿t dts(tiunbJ. Debt in51ruments are ￿￿￿enty Measu￿ at anMJ1ised cosL Vthere investrrnnts in Shares are publKty traded or the* faff value can othe￿iSe be measured relthty. the investrnent is subsequently m&8sured at Pair value Changes in fair value rec()3nised In irKon* and exper￿￿￿1•. All Otr￿ Such4n¥eS￿ts a￿ subsequenlly m&16ured at cost ￿ iryywm8nL Flnancol assets that are measured al Lx)st ty arrwti¥e¢ cost aTe revw*ed for otyectwe emdence of impa4rment at the end of eath rekW)rting d*e. If there is cojecbve evidence of iThyainent. an mP8iment loss is recognised underthe ryycoiiate heali￿￿ in the statement offin￿l81 athrylies in which the init¥l gain w8$ recogr4wJ. Fu all equrty 1n6tnJ￿nts regardless ofsignkn. and other financkl assets thatar8 inrfwidually s1gnif￿I, theye a￿ assessed individualty for irryaitmerf. Olher fmancial 8ssets a￿ ether assessed individ￿ty cr groupwd on the basb fl ￿71[ar cretht rlsk c*waciwistu. Any reversals ol I￿Vir￿lI are reco9nEed imn￿d￿lety. io the extent that the reve￿al does not result in a (*rrying arnunt of the fmancwl asset that ex￿d5 what the cwrymg amount would have b8en had the impaim*nt not previously been ￿¢c￿n189d. 18 The Whitlingham Charitable Trust Company Llrnltsd by Guarnntee Notss lo Ihe Flnanclal Stat•m•nts Yoar endod 31 March 2023 Judgem•nts and kay ¥Jource• ejllmatlon ￿¢0thty The p￿parat￿)Tr of fin￿181 siaiements ￿quireS 19 makè judgamènts. estiTra*s and assumptions that allect the a￿Unts Trw>rt8d. These estimates and judgements are c£*ntinually r9vith¥ed and arg basgd on ￿por￿Ce aTha other fxlors. irKbJding expectations of krture e¥ents Ihat are bolieved to bo rèasonabl• under Ihe CIr￿j￿￿tarKes. The Trustees haveconsidwed thal no amountw'll be atthè y￿r en¢J to Park*ith Ease timited with ￿orn they ended the management contr** of its car parks on 31 March 2019. Crltkal areas ofludgem8nt Tre trustees have Cons￿ered tt*re to be areas Of Pjthje￿￿nt to discb5e wilh"n the State￿Ent01A￿Unt Limit•d by guarwrt Trust is a Gharitsbk ts)M￿nY. Thnited by guarantee. Every nmiber of the compary 18 guwantor and undertakes lo ￿ntrIbUte to the assets ofthe comF4ny in the eventofit being wound up with a deficlt of funds, suth as may be ￿qui￿1 up to the Ilmit of guarantee. Each 9uarantorf$ I￿2￿41itY is liThted to £1. As at 31 March 2023, there were four such members.. J R Cohnan. J CdrrAn, C Penn arKI the eroads Auth¢xity.. 19 The Whitlingham Charitsble Trust Company Llmltsd by GuaraTrt•• Notes to th• Flnanclal Statementsi￿n*T￿•ffj Year and￿ 31 IAarch 2023 & Oonatlom •nd *gaclg8 Unrestri¢Xed Restr￿ Totsl Fundg Furn FuTh)s 2023 Donatlons 6,660 151.267 157.867 151,267 157.667 .RestrKted Totsl Funds Furls 2022 FuTrJs Donatlons Dl￿allonS 20.(￿)0 21.500 20.000 21.5CIJ Char*abh actlvlll•s UTh￿1£￿ Totsl Fund8 Unrestricaed Total Funds Funds 2023 Fur 2022 Leth'rvJ ol prom 61.680 61.880 81,680 01,680 93,214 93.214 93.214 93,214 un￿trICted T4)tsl Fund¥ Unrestriawj Tolal Funds Furvjs 2023 Funds 2022 Car park Charges Other events 221706 223.7 224.588 1,000 224,588 1,000 225.588 223,706 223.7cI% 225.588 iknre*Kied Total Funds Unrestrtied Total Funds Funds 2023 Funds 2922 Inc4Th from listed Investn￿nts Inco￿￿ from cash inveslnEnts 24.130 3,415 27,545 24,130 3,415 27.545 27.562 128 27.562 128 27.6K¢ 27,690 The Whitlingham Charltable Trust Company Limited by Guarantee Not•s to the Flnanclal Statemenls (¢￿•1￿0 Year endod 31 March 2023 other In￿me Unresththd R¢$trth Total Fund• Funds Funds 2023 Olher irKom¢ 3.372 3.372 Unresthcted Restricted Toial Fur FurKIs Funds 2022 Other income 51,682 S1,682 10. Costs of ¢thr tradlnq athll•6 un￿51￿cted ReslrSciwJ Tolal Fund8 Funds FuThJs 2023 Costs of other tradirvJ xbvit 93.398 93,398 93,398 93.398 Unrestrxled Restrthl Totsl Funds Fur Funds 2022 Cosls ¢fi)thw trad￿￿ a￿l¥￿'e8 89.$04 89,504 21 The Whitlingham Charitable Trust Company Lirnlt•d by Guarante• Notes to the Flnancial Stalern¢nts fc•th•oJ Yur ended 31 Ma￿h 2023 Unrtstrided Tat•l Funds iknr¢stricW Total F￿d$ Funds 2023 FUNIS 2022 Portfolio managemnt Support cosls 3.990 312 3.990 312 5,833 395 395 4.302 4.302 6.228 6.228 12. Expenthlure ch•rftAble ty aetlvlty and lund typ• Unrestri¢Xed Restiicted Total F￿ Funds Fund5 2023 Ad¥K* and Infc1.603 At 31 M•r¢h 2023 3TI.941 64.179 441120 Ca￿1n9 amount At 31 March 2023 601.172 109,480 85.145 710.652 At 31 Marth 2022 623.193 708.338 Al fved assels are held for charit*le purFcées. The land OWJF¥ed ty the Tnjst 1$ sutied to a long term lease as Fer histryk21 agfeernEn￿ ItVJS ￿vited at no ¢osL The Whidingham Charitable Trust Company Limited by Guarantee Notss to the Financlal Stat•m•nts (cwAryu•O Year ended 31 hlar¢h 2023 Fixed asset investrw)ts ￿￿ ￿ld at their fa¥ value. These far Trnlues arr wided by Barratt & 21y22 At 1 April 2tr 1,r24.793 1,153,904 Addillons l)isF4)sals 162.800 (153.168) 208.956 (214.082) Reallsed {losesllgain$ 13.817) 12.675 Unrealised (k)ssesygains 1.175.891 1.224.793 Cash dewsits s at 31 March 2023 1 197025 125S 847 ma￿01 ￿lue can be analysed as UK fixed Interest se(￿n11e$ 166,213 177.205 UK listed equrties and trusts 1047587. 1.175.890 1,224.792 Vknitlywham T￿Sing Comparhy Limitgj Cash doposits 1197 025 Tho Whitlingham Charitable Trust Cornpany Umltad by Guarant•• Noto9 to the Finan¢lal Stat•ments Yèar end•d 31 March 2023 18. Inv••tments {contlnuodJ UK fixed intwest sKuiitses 178,956 177.441 UK listed equrtm and unlt tfU5ts 685 597. WJ8,576 863.038 Vth"l¥ntsm Trnling Company Ltd Cash deptisits 895 093 The charity v*ns the of the issu8d shafe captsl of Vthillngham Tradirwj Company Ltd, a ¢)Jffoany registertl kn England. A summary of the of Ihe subsrdiary we shown 2023 2022 Tvm(y48r C05t ol yles 487.533 (145,7511 Gross pmffl 341.782 AIn￿nIstr*I0n expenses 1283.824) Profil for the y Th? Whitlingham Charitable Trust Company Limited by Guarantee Notes to the Flnanclal Slatem•nts (¢ty* Year ended 31 March 2023 The agweg* ofthe assets. Ik?blil*s and ftmds was.. 2022 Fixed assets Current assets Liabbltt 10. 69,917 {22,938) Nela 57.959 Capitsl rnse Calw up shares (1 x £1 Ordin￿ sPor•) 19. D•btorn 2023 Trade deblo Prepayments and accrued income mounts owed to group undertakings Ott*r debto 13.002 211,564 20,291 148,836 20.000 16,919 206,046 5,655 230,221 thin wepayments and acuued Incx)me of £211.564 (2022: £148.836). £29.03012D22: É29.030} relales to &c￿ed irKome wh￿h has been redwd by a provision for bad debt 2023 2022 COIF deposrt account 186,750 186,750 21. Cr￿￿t0￿. fallwy due within on• yoar 2023 2022 Trade creditors A£cruals and deferred incorre Arrn)unts due to group undertaklngs Other r¥editc 78.685 87.620 20.OCKI 1.945 63,116 74,842 500 188,250 138,458 The Whitllngham Charitable Trust Company Llrnited by Guarants• Nots8 to the Flnanclal Statem•nts(conthw¢ Year endod 31 M•rch 2023 21 Anatys18 of Charltable fund8 UnMtri¢t•d lund* Al 1 2022 Gaiis and At losses 31 Mar 2023 Inccrfne E¥penditurE Trnnsfev5 General funds Dèsignated funds: Flxed Assetfulure SFend Donated Assets VkodlarMI nwnagemgnt Flint Bam X6,471 322,W3 1292,8211 57,206 14.352) 389,407 27.087 27.087 1,874 1462) 7,701 7.701 (45.rAx)) {4.4541 (342.757) Fixed Ass 81.475 470,090 10.Iy)O 87.021 513,090 322,933 67,2C6 14.352) Gains and At k￿5 31 Mar 2022 1 Apr2021 Inc¢rn ExFend#fft Trnns General fund5 Oe%gnated fund&. Fryed Assetfulure spend Doroled Assets Wotsdknd m8n8gement Flint 8wn Rerrf)vatK+n Fixe(l Asset 314.227 354.674 1295.6811 166.749) 306.471 27.087 27,087 2.356 16431 7.701 7,701 45.(Krf) 45.000 81.475 20.193 372.207 (5.46n (301.7911 SS,749 399.674 470,090 The Whitlingham Charitable Trust Company Limltod by Guaranlao Notes to the FlTran¢lal Statemen15 Year ended 31 March 2023 22. Analy¥i• of ¢haril•lA• funds Ggn8ral fiJrMI Thè G8n8ral furnl r•preaents SU￿￿8¢$ hdd In reseNe b) wro that the rAx*rrf￿d Ope￿￿On of tre Tntst for the Imrnedlgte firtLwe 15 reastyth asswoo. rixed AGSetfLWKI Thè Fix•d Assetfund has been created to cowthe u)51 d rn8iN caprtal rtems thètC41et bkn¢k kn'lty 8nd Ihe trathr.mower. Ihe balm tsfvthlth is rtthjced by the annual deprnoallon charg0. The Flxed Asset future spend fLThJ swpkn6 dwnatwj to all capital asset wrthases ¥ng foThv¥é vAthin the Cothty Park. Donated As8etluThJ The Donated Asset fund W$ the l•r v4ug rl asgets dDn*l in previouB y￿S and on wtrdch the Wood￿nd M8nagernent fund dearan¢• of per blkodlan(l Managwnenl 89rnen￿ftt whth VAI1 be uswj *) knnd fvrther Flint Bam renov*ion furKI The Flint Bam renovakn frjnd th• re¢efr4•J from Ih &vads Authority in rdatw)n to GaKTrs arvj At IC￿ 31 Mar 2023 .1.Apr 2022 In¢iTh EYpendittl￿ Trnnsfers Mo¢yirys Visitor facilities ￿e￿0pment Orlenteerir4J C*)urse WIIN Weavi Pathway Disablity toitel Funding coordinator Bird hide 12,073 {4.W> 8.009 601472 {17,957) 584,515 397 70 20.000 397 70 114,416 107.IXrfJ 10.LWJO (27.000) 14,416 (10.000 30,CrfJO 4,205 (62) 835.012 151.267 (49,083) 4.416 741,612 The Whitlingham Charitable Trust Company Llmlted by Guarante• Not•s to the Financlal Statem•nts Year ended 31 March 2023 22. AnatyslB of C￿rknbl• fwid• (MT* Gains ar•J 1 Apr 2ff21 lrtxxr* ExrAndluR Transfers k>sse¥ 31 Mar 2 Moorings V16rtor fa¢ilitses 16,137 14.W} 12,073 620.429 (17,957) 2,472 Orienteering Couf8e Ilow Weaving Palhway 397 70 397 70 20.thxl 635,012 20.r)00 637.(133 20.000 (22.021> 30 The Whitlingham Charitable Trust Company Limitsd by Guarantse Notes lo the Flnanclal Statem•nts Year ended 31 March 2023 22. Anatysls of ¢haitablo funds *xJrfng5 fund The Moorfngs fund holds ful￿$ received sFedficaNy fL¥ the purpose of conthKting 24 htyjr nKorings withwi the p*k. The fund balarte L8 reduced by the anrwal dwecalx)n charye. VBitor facilities deve1opff￿nt fvnd The Visitor fxilit￿s dwelopment fund represerts grants fKeb¥¢d spgufKally for thè PUfpc4e of Ihe cO￿tr￿LIK)n of Ihe Cth. Tts lund t*lan￿ 15 reduced ty th8 annual depreaakn.on V&ll¢x Weavlr¥J fund The Wllow Weakning frjnd reFrf8sents a grnnt ￿ved frcth the "Na￿o￿al Lottery Award$ for All ich is spe¢iftalty anw at enhanong the skilb of the vdunteets whD undertake conservakn.on and grounchsorks at Whi11ingham County P*. Oiientsfjng Interpretation fvnd The Ortentaling Inte￿[eL*lon fvnd represents a grantrec*i¥ed from s￿1h Norfolk CourKil t(**ards the ffrinsta11al￿n of orienw'ng FQ5ts and inWTeting &grts ￿ul¥j ￿ County Park. Pathway fvnd The pallmay fund rewesents a (k)natx>n T8￿1¥ed from Close school and Norfolk Sc¢ial fund tthV8rds the fesurt4cM￿ of the paI￿aY arourKI the Great Broad to makè wheekhar user friendty. Dlsabilty Ioblet fund The disabilty tol￿t fvnd represents a ￿ation received knvaols the instsllthn ofa tOl￿t to make the park more acces5ibk for all the LY40y. Fundin9 cJ)ordinator fund The fundin9 coordinator fund repr￿ftts tsvo donab¢Jns le￿1¥ed towards th& empbymenl of a ndralsing officer the TrusL rd hide fund The Bird hide fund rewewts re￿18a from th8 ¢*xwtions in relaion lo ts iiGtdl8tion of th8 ll￿1 txrd hKIe. Endowment lund8 (Losses) At Inccmne ExpendI￿re Tran8fern and gains 31 Mar 2023 1 Py 2022 Pemunent Endowment Fund 1.2ty2.522 (71.6221 (43,2621 1.087.638 Gawis arKf k*ses 31 Mar 2022 l Apr 2021 IKome Eynditure Trdnsfer8 Pern￿neAt Endowment FuThl 1.120.708 81.814 1.202.522 31 The Whitlingham Charitable Trust Company Limited by Guarants• Noles to the Flnanclal Statements Yoar ended 31 March 2023 22. Anafysll ol ¢hafftal￿ lundb {condnuod) ErvJown*nt fvnd The End¢￿ent fuThJ rnp￿nts tem capilal of the Tft￿l. irterest weratsd fram vestments hekl ￿ Ihe Enthy4rynert fvnd IB day.ttrtsy rlmning cosls oftrft Trust TMsfws be￿n furn18 in the year ￿1*10 re19w ofre*ytttJn on offwd assets and S￿11 ofthe galns and bsses on Investments hebj botween the endowFrtnl and unrestithd fund¥. 23. Anatysb n•t a•••ts b¢lw•tn lund Funds FuTrJ$ FundB 2023 Tangitle fLxed aB5ets Imieslrnents Current assets CredrtOTS fess 1 year 69.507 109,387 522.446 {188.2501 517.29S 641.145 710.652 1,197,025 622.913 {188,250) 2,342,340 1.087.638 11)0.467 737.407 1.087,633 Rethted EnthwmeTht Total FurKIs Funds Funds 2022 Funds Tangib￿fjXed assets IrNestrnents Current assets Creditots le￿ 1 ye N•t aM•ls 93.793 137.082 377.673 (138.458) 47tr.090 614.545 708,338 1.256.847 480,897 (138.4581 2,307,624 1.119.765 82,757 20.467 635.012 1.202,522 As1os8 2023 2022 Not later than 1 year Laterthan 1 .year and not ltr than 5 yew5 Later than S yews 12.470 49,880 748.200 12.470 49,880 760.670 823.020 810.550 Thelond of I￿￿11¥J￿?M Cwnty P¥k is leased to Ihe Tntst uTrJer IDng4em IEases with annual epper￿M rent The Whitlingham Charitable Trust Company Llmlted by Guarantre Notes to tho Financlal Statom•nts (¢MthJ Year end￿ 31 March 2023 Op•rallng lea•• comrrithents qcontlnued) The totsl fiAure lease payments receivable urKler nryi-(wKellable operatiry leases we as 2023 Not laterthan 1 year Later 1 year arwj Mt later than 5 years Later th￿ 5 yews 15,SQ) 62,0(KJ 467,3(K) 15,500 62,000 482,955 560.455 The operatingloasos r•wes6nttho l•as• of land for Vthrtlingham BoatlK)use5 Foundation Ltd (for construction and use of a boatP￿UseI and the le8se of Lgnd for the OLrtdcx)r Edu(*k)n Activity Centre. The leases afe negotsated over a term of 78 years and 15 years resF*th"vdy. 25. Contlng•rt tsbllllles DIKing the 2019 ffinanGial yeartheTrustteminated a contractas a resvtt of urtderperlomiance and have made a claim against the tt￿tract provider in respecl of amounts due to the Twst. In response. Ihe tx)ntracior has made a counter daim against the Trust lor brexh of uJntracL The Trust has tak￿ approwiate legal ad¥￿e and tekneve they are in the 5trDTVJ posilion lo defrnd Ihe im. Al the curTerrt tirr¢ no provisKJn has been made in the firwicial ststements in resF*d of the ckim against the TrLo1 as the ar￿￿ThI of ary transfer cl econc4rK benef( rf any. ￿nn0t be r￿aSured reliabEy. There 15 theref¢)re both a contingent asset and (xntiigenl1Satx'lty in existe￿e al the Oale of approval ofthe fMc4al staleff*nts. 26. FI￿nCIal Inslrum•nts The folk>win9 categoms ol financ4al Inslnjments are carried in th8 thet; Financlal assèts: 2022 Measured at far value 1.175,891 1.224.793 27. P￿t balance sheet ev•nts Foll(Y4¥iTrJ the year ended 3141 March 2023. IMillngham Trading Conyny L¥nited (wrci made an unrestriLled donatvjn of £57,958 to Ihe Trust This amwnt equat to the Irading of C for the yew to 31it March 2023. The Whitllngham Charltable Trust Company Limiled by Guarnntee Notes to the Financial Statsments (¢4 Year ended 31 March 2023 28. R•l•tod part D¥ring the ye¥ the Trust fentsd the Flint Bam from a faft￿ty trusl conneGled with Mr J R Colman. The building is rerted under a long te￿ co￿Tal￿ knases- note 241 under tenns rngotiated on an ams-length basis. The rent due during the year was £12,47012022.' £12.4701. The amounl outstanthng al the year end Vds £nd12022'. £nil). During the year the Trust received a dCfiati￿ ol £nl 12022.. £1.OLXI) Imm Paint ckrt Limited, any that Mr J R Colman is Ihe sole direC￿T aThJ shareholder of. Vthitliryhaffl Tradiry Cijmpany Llmit¢d is a WI￿ tr*eO subsidfrary of Vthitiingham Charitable Trust. During the year whitlingh￿ Traling Company ￿rThted paid the Trust £44,516 (2022.. £nill for the rental of Flinl Bam. At the year end. VbThrtlingham Chantable Trust oV￿d ￿lUIngharn Trading Company £20,IYJO12022'. £20,4￿ c*#ed lo the Trusl). Thi5 was repaid in fvll in Juty 2023. The Tru51 hokls ts majority ￿ its imie51w*nts with Barr*t & Ccth Stockbrekers whith Mr N R Savory is a nonoxeculive direcknr of. 29. Volunt••r ¢ortrfbulk)n An average of 16 TffjhJnl*rB ded￿tsd 4,or2 ￿Vr$ lo Ihe Twst lexduding evonts and schwl gfOUPS). Vobjnteers have c￿￿tInued to assist in Ihe rnaintenanee and overall imwovetrents around the Park through regular vegetat￿Tr mwJeffent, litter p￿kn.ng, fumiture rgpair and replacerrent. in¥￿ve 5peci8s control and visual site utswlions. The Whitlingham Charitable Trust Company Limlt•d by Guarantse hlanagement Infomiallon Year ended 31 March 2023 Th• follo**w pages do nol forni al thè finthcwl 8t*t•mtht The Whitlingham Charitable Trust Company Llmit•d by GuarnThte• Dota11￿ Statwnent of FlnaTrclal Acdvllle* Year onded 31 March 2023 2022 Incomè It￿ •ndo¥mwrtB DoTra11on8 and 1•gacle# Donations 157.867 157.867 21.500 21,5 Charltable tKllvlts•¥ of propwty 61.680 93.214 61.680 93.214 Olhrtradlng adlvkn• Car park charges 223.706 224.588 1,000 223,7C6 225.588 Investn*nt Income In¢m frorn lithd investments Income from cash ¥westments 24.130 3,415 27,562 128 27,545 27,690 Oth¢f bn¢offl• Other in¢oTh 3.372 51,682 Total Incom¢ 474.170 419.674 The Whitlingham Charitable Trust Company Limlted by Guarant•e Detalled Statsment of Financlal Activities Y•ar ended 31 March 2023 2022 ExpEndlture SuppNt costs Car park manayr*nt fee 6.772 86,628 5,683 83.821 93.396 knvgstmefit manag•mert ¢osts Porttolio management Support costs 3.990 312 5.833 4,302 6,228 Exp•ndlturn on chrhabk actlvkl•s Sile management Sundry Depr￿latIOn Loss on dispo&il Irrecoverable VAT Support costs 229.386 133 31.602 173,013 28.709 7,943 5,139 17.372 294,140 228,080 Totsl •XpendI￿r• 391.840 323.812 Not (IgsM8VgainB on InvMtmerts ILosse5ygains on IBled invesbments 147,614) 81,814 N•1 Inc¢w 34.716 177.676 37