CCalPANY REGISTRATION NUMBER". 02222950 CHARITY REGISTRATION 14UMBER: 802711 The Whltlingharn Charitable Trust Company Llmlted by Guarantee Report and Unaudited Flnancial Statements Year ended 31 March 2024 *AMv04Y* 1411212024 COMPANIES HOUSE A16 The Whltllngham Charitable Trust Company Llmited by Guarant•e Report and Unaudltsd FlnanGial Ststements Yoar ended 31 March 2024 Pago Trustees, annual report (incorporating the dlrectort8 report) Independent examiner's report to the members Statement of flnanclal activities 10 12 Slatement of flnancial position Note8 to the financial statements 13 14 followlng pag•s do not fomi part of tho financlal 8tatsm•nts: Detailed Statement of financial activllies 36 The Whltlingham Charltable Trust Company Llmited by Guarantee Report and Unauditsd Flnanclal Statemènts Year onded 31 March 2024 Ref•ronco and adnknhtratlve detal R•gi8tered charfty Mm• Ch•rlfy rgglstratlon numb•r The Vthlulngham Charitable Trust 802711 coM￿nY rngI•tr￿on number 02222950 Prfnelpal of￿• and r•gl8terad CIO Adepta Umtted offlce Hifi Farm Klrby Road Kirtjy Bedon NoNAch NR14 7DU England Th• Tnmtoas MrJ R Colman Mr M FaEcon Mr C Penn Mr R D Hutton Mr N R Savory Mr M &adbury Mrs T Brown Mr D DwJgens Company 8•cretary Adepta LlmFted Indopgndont Exarnln•r Kerry Gallager RSM UK Tax and Arwunllng Urntted Davk180n House Forbury Square Readlng Berkshlre RG13EU The Whitlingham Charftable Trust Company Llmlted by Guarantse Trusto•8' Annual Report (Incorporatlng tho Dlrèctorfs R•port) Year anded 31 Ma￿h 2024 Thè trustees, who are 21so the dlrth8 ft¥ the purposes of company law, Present thelr report and the ffinancial statements of the for th8 y8ar 8nded 31 March 2024. Struthrn, govomanGe and monaym•nt Compary •t4ts• The Tru8t13 a tharlt8ble company. Ilmitad by guarnntee. Every member oflhe company Is a guarantor and undertakes to contrlbute to th8 888ets of the company In the event of it being wound up with a d8r￿￿t of funds, such amounts as may b8 required up to the Ilmft of thelr ouarantse. Each guarantor's liabilty is limlted lo £1. At 31 March 2024, there wer6 such members; Jame8 Colman, Jake Colm8n, Chrfstopher Penn and the Broads Authortiy. The V+lhitllngham Charftable Truet hold8 100% of the Is8ued share capftal of Whhllngham Tradlng Company Llmlted, 8 company reglstered In England and Wales incorporated on 14 February 2022. Th8 FYincApal actlvlty of ￿TrIllIngharn Tradlng Company Llmlted Is that of operatlNJ a café in the Fllnt Bam. The company has iaken advantage of the exemptlon under sectlon 399 of the Companles Act 2(￿8 not to prepare con8olldat8d accounts, on the bas18 that th• group of whFch thls 18 the parent qualfie¥ a8 small group. Tru8taa• The Trustees of the Charrtab￿ company during the yggr, who aro dlrector8 of the company for the purposes of Ihe Companles Act 20(￿, were; Mr J R Colman Mr M Falcon Mr C Penn Mr R D Hutton Mr N R Savory Mr M Bradb Mrs T Brown Mrs A Croty Mr D Diggens (appolnted 3 August 2023) (appointed 3 Augusi 2023) (appointed 3 August 2023, re8lgned 4 Octol)er 2024) (appolnted 3 August 2023> None ofthe truslees exwt Mr J R Colman and Mr C Penn 8ra rnembers of the tharltsble ￿mpaTry. The Broads Authority, 88 nominating body, may appoint a number ol mem￿r8 to the charltablo company and may appolnt up to four trustee8. Olher Trustee8 are appdnted by the members In a gen8ral me8tlng. The nimb8r olTru8tees shall not be less than fve but Shall not exceed nln8. Trustees moet Tegularfy and are responsiblo ftjr m*ing decisions. Tn￿te8 aN)ointrnents are made on the basls of nomnalions by members li asS￿l￿tkIn wllh thè Mernorandum and Arttdes of Assoclatlon. The Whltllngham Charitable Trust Company Llmited by Guarantee Trustse8' Annual Report (Incorporating the Dlrector's Report) {cont Year ended 31 March 2024 ObJoctivo• •nd aetlvi110o The charltabla company rthe T￿￿r), a reglstsred ehar6ty and company Iwnited by gu8rants8, was created to manage and maffttainfor the publ[¢ bone￿￿ttIt11ngharn Country Park, nèar Norwich. Norfolk. Thg Trust W48 established under 8 Memorandum of As$ociation and is govern8d by Its Artide8 of Assixlation. Tho Trust was established in 1988 under the t8mis of an agreement between Norfolk County CouncAI and the Arminghau Settlement Oandowners) for th8 extraction of gravd from the sits. Thls agreement requlres the restoration and manaofjment ofthe $lte, post4xtradion, to provldg an open place where publ￿ can enjoy quiet. peaceful wrsuits In a rural environment. The re6toratlon of the slte was the r8SPffl8ibility of the landowners and mlneral operators. Followkng storatlon. th8 Idnd was leased lo the Trust under a long-t8rm lease. The orfginal Path Infra8truGture was specified and funded In aGGordanca with planning agreemonts between Norfolk County Councll and tho landownern. The Tru81 is n¢M responslble for th8 malntsnance and management of the araa as Country Park. Th• Trust commenced operatlon In 1g92 wlth the handover of Trow88 Wood and Meadow. The acquigitson of Whltlingham Wood 8nd VlhStllngham Uttle Broad followed In 1994 and 1996, rgspectw. v￿lt11ngharn Ltttle Broad wa8 Qpenod to publlc in Augu8t 1997 wlth IAthltllngham Great Broad followlng In 2004. Mlneral 8Xtractk)n and subsequenl restoratlon have béen completsd on the area of land and water whlth form8 Mltlingham Country Park. The Trust ha8 developed the Country Patk In Ilne with succes1￿e business plon8. A 24-hour mooring on Ihe Rlver Yare was ostabllstr￿d Sn 21x15. The Fllnt Bam Msltor Contra was cornpletod h 2TrJe, The Flint Bam is a focal Polnt for vtsltors lo the Country Park and tha Trust18ased part of the ground Iloorto a caterfng company to provlde c8fé Service8 to ¥lsllor8. On the 1 April 2022 th8 TfLl3t took thi8 in h42U28 and It now OFerate8 the café through Its wholly owned subsldlary company th6 V¥hlUlngh8m Tr8dlng Company Ilmlted. Vthltllngham Adventure, an outdoor edU￿t￿n r*ntre. on the edge of Vthltllngham Great Broad began operatlng In 2005,. It18 owned and man8Ged by Norfolk County Councll on land lea8ed from th8 Tru8t. By a management 8groem8nt. they Bre also respon8lbl8 for managlng thg water 8pace ofthe Iwo Broads the Country Park. Thls outdoor éducatlon complex dellver8 a Mmpr8hen81ve ranp of 8POrt and adventurou8 actlvltl88, e8peGlalty for young people-. Land has been lea8ed to V¥hitllngham Boathouses Foundation for the constructlon by them of purpose-bu1￿ facility for rowlng and canoeing cio38 to the dv8r Yare, The INhlUlngham Boathou$e8 projeca was completed in August 2015. It has pro¥id8d an outstandlng communlty facillty for both rowlng and canoelng aTrJ has altra(#ed vL8ttor5 to tha Park. During the year under review, the TN8t contknueAI lo managa the County Park in close co-operduon wtth its Partners. including N¢ylolk County Councll. There18 a range of aceass opportuniti86 for vtsllors across th8 Country Park area wlth oNJolng Improvements to the Infrastrudure both underway and planned In the future. L8rge number8 of people o)ntlnueto vlsft ￿ltlIngharn Country Park to enjoy the peaceful surrounthngs, wtth vl$ltors having the opportunSty to enjoy outside relaxation and exerose. The Whltllngham Charltable Trust Company Limitsd by Guarants• Tru3tees' Annual Report (Incorporatlng the Directorfs Report) (conW•Ju•d) Yéar ondad 31 March 2024 Achlovéments and porfornian In deckllng what actlvltles, thg charty Should undertake the Trustees hove kept in mlnd the Charfty Commission's guidano on publfc benefit, The National Cycte Route 1 follow8 Imiiilingham Lane through the Pprk. Also, The IMTrerryman's Way traverses closa to th6 soulhèrn boundary of the ParK c(x)nwXM)g Nonyich to Gr8•t YarmoLrth ovar dl8tance of 35 mlles. Tha water ar8a8 of the Great and Lttue Broads provlde sp8ce for rthatlon and adu¢e*lon, The Partl OP8rates a VisTrtor Safety PoI￿Y which ha$ been endorsed by all partner organlsatlon8 Withln the Paik. A8 part of ensurlng safety In lh6 Park. 81gnage has baen updated and ts regularly checked. NoThYlch Canoe Club has use of the LFttle Broad for Its tralnlng sessions and 8oathou$• usern hove dtrect 8cce88 to the River Yare n3vlgatk)n. NoThvlch Model Yacht Club meets tWiC8 a weék and memb*B rac8 thelr craft on th9 Great Brood. Norfolk Fire & Rescue Se(vlce practlce? water 8afety tralnlng at Imihllngham, ct088 to thelr Statlon at Tiow8•. 2023124 h8s been one of the We￿¥t year8 recDTd wth tho E98t of England Sufferlng 1.5 tlmes ft8 overage ralnfall. A blockage In a key pipe that helps lo drain the Great Broad together wSth th8 TrusV8 Inabllity to U88 the watar pump du& to Ingress by fish exacerbated thé 8ituatlon and contributed to very hlgh-water18ve18. Con8equentty, the path9 around the Gi88t Broad Iloodad and damage wa8 caused to both Ihem and to the banks. Although immedi8te Temedlal work has t*en carrled oul, a longor-tem Solution whlch wlll require 8lgnifi¢ant funding needs to be put In placa to 8afegugrd tha park from the 8avffe w8ather patterns assocFated wlth global warnilng. The Park provldes a poputar v•nue for events and educalh)n drawlng atte￿lanCeS from Nonvich and the reglon. Durfng the year the Park secured fvndlng to enable rt to purchase a stretch tent that helps to make Ihe operatlon of event81&8s rellant upon thare b&lng good we8ther. Tho Park hosted the Ea81 Of England Open Water Swlm Champion8hlps, tha NoTwlch Tilathlon, Palnt Oul and the Qulll and Inkllng Theatre Company'j productlon of Don Qijtxolo. Thanks to Whillingham Adv9ntura, the Mu•l¢ In tlie Woods event was ablo to take place under Canopy. The Trust has also Secured funding to enable It to purtha8e erknational boxes %thich will bengfft school trips to Par The grass areas cbse to the Fllnt 8am are mown to a short sward for amanty purposes, conducted fortnighuy over summer months. In certain sactlons of th8 Park, consetvallon objectlvos take precedence and publlc access Is discouraged for the bénefft of wildlrfe and h8bitat8. Th8 Picnlc Meadow 18 m¢M lo a cDn8erv8tlon 8chedule and has e MO￿ natur81 appearanca. H8y raklng Is undertaken In parts of the Perk to encourage the grtrth of wild I1￿MerS. Tree work8 wfthin the Park ere conduL*ed by tralned stsff 8upplemented by contraGtors as 8cale and type of work dictates in line with Ihe adopted tree pollcy. R¢)adslde tre8 work and essenlal thinnlng wer8 carrled oul in Whitlingham and Trowse INood8 as part of the long4erm management plan. A trep survey has identSfied felling and maintenance operatK)ns In order of taking into consideration health and Safety proLlém8, wlldllfa habltats, hlstorfc importaTKe and bndseape value. Thls ye8rf5 maintenance programme included 60(kn of GopplcThig work on ts South and Northeast of the Great Broad. In add]tlon to thi5, coppicing and thinning was carri8d ￿1 along the Little Broad path edge. Staff and volunteers reslor8d 40m of eroded bank on the South side of th& Great Broad using recycled materials and pre planted o)Ir rolls. Constructtrx) of a nlw ￿[d hlde and board walk ramp look place through April and opened to the public on1he 25th May. Tho Whitlingham Charltable Trust Company Limltsd by Guaranteo Tru8toes' Annual Report (Incorporating the Dlrectoffs Report) Y￿r ended 31 March 2024 The Trus( through its wholly owned sub$idh4ry company the i14lhitllngham Trading Company Limited C) manage the operalion ol th8 Flint Bam Café. t)uring the year the Flint Barn Café was recOnf￿Ured, and a naw husband and wife team was recruited to manage th8 café. The CAfé is benelitting from thelr experience and these change5 are providing fr8sh impetus. wrc'5 Jlaff provide our visitors ￿th a wami welcome and excellent fcoj and drfnks. The Trustees are mDSt gratefvl to them for their support and hard work. Turnover was £536.000 and the wrc conlrfbuted £4Q.C4JO In rem and In addition Glrt Ald8d proffts of £29.772 to the Twst post year end. The trustees ar8 enomiously grateful to the principals of its management o)mpany, HK Countyside Management Limlted. Thay work tir8188sly on the Trust's behalf runnlng the Park and the Flint Bam Café on a day-trAay b8818 Tho PaTl¢8 volunteer8 continuo lo make a hugety valuable wntylbutlon lo the County Park. The volunleers contlnue to use thelr tralning In mowing, brush cutting. tractor drfvlng and 74vood thipplng to OSSiSt t￿rn to help maintaln the Park, independenty and alongslde the m8nagement company. Our rewlar Pad( Volunte8rs gave 1,978 hours to the Park In 2023124 and have assisted wlth slt8 checks; vegetatlon man8gemant', furniture repolrn: Inva8iv• specles eontrol; Iltter picklng. engaglna with th8 publlc and day lo day mainténance. 2,325 add*ional volunteer hour8 were provlded by Corp(Yate Voluntserlng. During the yoar the Trust acquired a portable pavlllon wa8 lowered inb the compound and followlng refurblshm8nt will be used as a dedlcated 8pace for the Park's volunteers. The Trust a180 secured the use of the old Nomlch Rowing Club bullding on a >year leas8 wlth a peppefcom rent from s landowners, th8 Aminghall Settlement. This building provld68 the Trust wllh greater f18xibility and much n08d8d secure storag8 spar*. Tho Tru8tees would Ilk8 to record thelr appredatlon of the Input made to the Park by its voluntè8rs vthlckn helps to make the park such beautfful plKo. Under the agrewnent between the landowners and tha Trust. the Trust has been endowed wllh a capital 8um of £553,000 rec8lved by Instalments, the flnal belng r8celved In 1999, The Tru8t ha8 imi88ted thls to 8881st In lundlng annual malntenance and 8dmlnister the Park, Furtlxrfvndlng Is requlr8d to thance the d8velopm8nt and malntenance of new amenltle8 and facilltle8 to cope with the Increaged number of people visiting the patk. The Tru8t relles on grant akl and the generation of Income from car parklng for this purpose. Durlng the year th8 Trust 8wJned a new 5-year agreement wtth its Car Parking management Company, RCP. Terms were revlewed and amended, and new mambership packages will be 8vailable to kyovide vlsttors more ch¢ice and better deals. The tru8tses would 8180 Ilka to record Ihelr appreclatlon ofthe follo¥lng charftle8 and pathers who have pro¥lded funding to anab￿ Iha Trust to make further wogress during the year as descrlb8d above: Norfol￿8 Soclal Infra8tnKture Fund Paul Ba88ham Tru8t RC Sn6lling Trust Anguish's Edu(xtional foundation (pwt of Nomfich Char. Trusts) Alan Boswell Group Charltable Tru8t Birds on the Brink The Whltlingham Charltable Tru8t Company Limltod by Guarantse Truste88' Annual Report (Incorporaung the Director's Roport) (conllnu•dJ Y￿r ended 31 March 2024 Rural Bu81n988 Buiklor Capital Grant Funding SNDC Communttles Fund Lady Hlnd Charhabl8 Trust Norfolk County Coundl Trea Grant The Ellerdale Charftable Tru8t R••orv•• pollcy It Is the Intention of the Tru8tee$ that the freety avallable reseN8s of the Trusl should be built up to, and maintalned at, a18vel whlch is $ufficl8nt to ensure the contlnuath)n of th8 Trusvs adibfjtle8. Fro•ty avallable re8erv88 are unrestrfcted fvnd8 whlch ar9 not commltted to or Inve8led In tanglblo flxed 8888ts. In d•iemilnlng an approprfate levol ol ré8erv08 the Truste86 have regard to a number of mattar8 whkh indudg: 1. Forecasts of expendlture on the ba¥is of danned a(Xlvtty. In fuiure y?arn h 18 antidpated that managerrnnl ar#J maintenance ol the County Park Is Ilkely to Increase due to age and Intens￿ of use. 2. The requlr8ment for day to day worklng cgpltal. 3. Income rl8k which would Include the d1ver8ityofs￿rCe8 of inc￿@, th8 rellabillty ol Income sources. prospects for developlng new sourc88 of Income and an a8sesgment on tho evld8nce avallabla of Ihe Ilkallhood of each of iheso varylng and the potential Impact on the Trust of not belng able to deal with stsch ffuctuatlon8. 4. Analysls of future rtsks and Gonlingencl8s which would be unllkely to be mat out of règular Income, 5, Funds whlth wlll be raqulred to replaoe fixéd a88et8. After consideratlon of the above the Trustees h￿e dedded that an approprlate level olfreo re88rv8818 at leasl mDnth8' normal experMJitur8 to grow In line with p18nned expendltur8. At 31 Marcli 2024, unrestrlcted free re8erves were £537,997 whtth excaeds twelve months of annual unre8trfGted expendlture. The FLKed A888t fund of £95,189 has b8en designed to cover the purchas88 and installalion costs of the tollet block, tractor Mower and first phase of the SIg￿ge rgplacemenl. Th8 r98efves for future capital spend 8118 at £27,087. Thls period a$sume$ the continuance of grants and donations lor restrfcted purposes expendlture vthlch, If 8uch were to decreas8. could result In the period b8ing much shorter. The reserves poliw L8 subject to regular re¥1￿ by the TnJ8tees. Inv•8knent POW•rni pollcy & perf0m￿nCe The charitabb company's artlcles of 8880clallon, vthi¢h g￿e3 wije powers of Investment, govam the Trustee8' investrnent powers. The Truste8s' policy is, after recervrThJ 3ultable advke. to invest in 15ted 8ecurltie3 on the London Sloc* Exchange and Since July 2016 has re81ticted its inve8tment into tobacco companles and tho88 companles that may polentlally darnage the local areas to the County Park 88 well as d￿erSifyIng ts portfolto to Indude inv85tm8nl in blue chip global equities. The Investment objectives are to maintsln The Whitllngham Charltable Trust Company Limlted by Guarantse Trustses. Annual R•port (Incorporatlng the Director's Report) (cont Year ènded 31 March 2024 income at a reasonable level. whlst weserving the wl value of ondowed fijnds. and to maxlmlso Income ￿ tsmpor8rUy Invested unrestrlcted 8nd restricted funds. The cNgrlty's inveslments have contlnued to b8 managed In confmlty with our policy. The In￿rne return on the average c08t of investrnents for the year was approxlmatety 4.24%12o23.'2.9￿A), which th8 Trustees consider to be 88tlsfact¢)ry. Flnanclal revknw The balanca of the endowed capllal fund at 31 March 2024 of £1,135,071 represents the capltal In8talrvtents reoived of £553.000, plus the cumulative Increase in the market value of the underlylng I￿stments of £582.071. The net change In the market value of investments for lh6 year was an Increas8 of £52,203. The Trustees, having undertaken a ￿eW In the yaar, now operate an ethically oeared polty on its Investments. The inve8tment portfollo will contlnue to be managed to provlde Jong tami wowth and lo maxlmi$e income without undue risk. However, in vlew of current worfd event5 the outlook In the CLxrent year for satlsfactory Investrn8nt perfomiance continues to be uncertain, both In terns of markgl value and IncL)me relum. The Tru8t18 enr￿led with EfftUST8s an erwlronmental body under the Landfill Tax regulatf¢ns. Tha Tru81 has prevlously rffelved grant fundlng whkh resultsd in thè opening of the Fllnl Barn, ENTRUST regulations requlre it8 interest lo be reglstered, and as at 31 March 2024 the r88lrlct•d funds balancè was £747.609. Unrestricted income to the general fund for the year of £430.193 represents Investrnent income, car park Income and unrestricted gran18 and donation8 for appllcation to the pon6ral running and admlnl8tralion costs of the Trnst. UnrestrKted exp8ndlture In the year of £278,567 on makntenan and management ol tha Park and general administration ha8 been tharged 8galnst thi8 Sncom8. The balance of tho ge￿ra1 fund eAnkd forward of £669,488 wil be requfred to meet InLYeasing fubjre maintenence Bnd rnanagemenl oo8t8. R18k Manogom•nt Thé TnJ81ees undgrtake a perlodic re￿eW of m•Jor 8trat8giG. bu￿n9￿ and op•rallonal rlsk8 18cing tha thar6ty. This r6 effeduated through a Rlsk Regl8ter bywhlch the TrusteBG can Identify and as8es$ ea category of rlsk whlch could potentially jeopardlse Ihe buslnesfj, the TrusV8 key objectives and the way It operata8. R18ks are Id8ntified and measured on thelr probabilty and Impa(* or 80verlty uslng a scale of 1 to 310 ascertain a risk tolerance level. The aim is to manage all rlsks to as low a toleranGe level a8 reasonabty pradcable ty th8 introduction of mltigatK)n measures whlch are reviewed to ensure that Ihe 8y8tems In place to manage the rtsk are robust and reas¢)nable. At the Ilme of the last revtew, the TnJ8t has Identified and considered several risks to be above Iha accemable l018rw level. These are ouilined and mltigated a8 follows.. The non-avallobiitynoss of the I￿lff1ngharn Chair. memben8. Dlrecth and Company Se￿￿tary. In thls event the Articles of As8ociat#)n govems the procedures to be pui In place for nomlnatlng new memkn. Loss of key management SignifKant Ioss of income as a result of a reduclion in Ihe retum on Investments, lower car p￿knng revenue income from operating the Flint 8am café. The Tru318es meet Baryatt & Cooke, the Trusf5 Investment Man￿er$, annualty In addition to rec8iving regular reports The Whltlingham Charitablo Trust Company Llmit•d by Guaranteé Tru8ts88' Annual Raport (Incorporatlng the Dlro¢torf8 Report) (wJdnu•d) Yoar ended 31 hlarch 2024 i order to revlew the Trusfs Inv8slments. A dlsuetlonary 8eNS¢0 Is In place with the TrusV8 Investment managars allowlng them lo trade securitses in Ihe portfollo accordingly. The Trusteès have èntered a contract w6th RCP Parking Llmlt8d for the managem8nl of the car parks and an arrangement Is In pkn to a￿p1 cashless payments, The management and OP8ratlon of th8 Flint Barn CAfé has bèen t8ken In hou88 and18 now operated by through the Whltlingham Tradlng Company Llmit•d. Ineffective èngagomentwlth key p8rtnerslstskeholder8 whith could breakdown key relations on1s8ues affecting the Park and iesult in tho fallure to d8llv8r oblecliv68,10$8 of hcome at)d opportunities. The Tru$1 endeavour8 to malntaln an open and transparent relationshp wlth key partnerslstakeholders. Key partners s￿h as staff from Whltllngham Adventure 8tt8nd rrust meétings in order to ke8p abr8a8t of ongoing158ue8. Tha daath or 80dou$ Injury to voluntoern and cMtractor$ whlch could lead to 108s of expertl8&. 1058 of credibility with the publiclst3keholder8 and pot8ntlal leg81 acilon agalnst the Trust. Health and safety procedurés and polica68 are already In place to counter and prevent such rlsks frorn 8risinG. Regular risk assessménts afe caryled out to ensure the safety of surroundlngs as wall as Indlvldual8 and vthere requlred heallh 8fKI safety tralnlng Is provldad loo. C￿tInuOuS 8af8ty audlt8 and ongolng mointenance wogramme$ for tools artd equlpmènt also ensure minimi8ing potential hazards. Tho death or sorious injury to 8 member ol thg wbllc vthich could rèsult in civll or criminal action agalnst the Trust, potenlial ch)sure of the Park, legal costs and Itnes, 1088 of Cfedlbiltylreputstion with the public and also hlghgr knsuran¢8 prpmiums. Rigorous policies and plans ar8 In place to cover haz8rd8 presented for both Land and water through a Vlsltor Safety management plan whlch is also publishad, Furthemiore, regular slte Inspectlons of furnituré. faciliYe8 and annual trea 8ur4eys In addÉtlon lo the audlt and revlaw al slgnage and public rescue equlpment 8r8 conducted as part of the 8lte safety system In place forthe Park. 13olng Concorn The Trustses adrnowledge unc8rtainty surrounding the nallonal 8conomy 8nd the TnJ81'8 act6vit￿. They wlll conllnue to monitor the impact on the Trust and Its financlal arrangements. The Trusl has been mon￿0￿ng its C88h )l(xv monthly to enswe that M has sufflclent cash res0￿$ to continu8 to operate on a day to day basis. Th8 Trust hes prePa￿d a budget for the year endlng 31 March 2025 and has considered Its medlum term finandal plan for the perfod at least 12 months frorn thg date of $19ning the Ilnand81 statements. The Trustees view at the date ol slgnlng the finandal statements Is that the Trust remalns vlable and remains a going concern. Plans for Future Perlod$ The Trusl remains wmmitted to delNerirvJ Its ¢xJre purpose of providing a place of quiet enjoyment for s vlsttors. Overthe next few years, the Trust and the landovmer are looking to lrnprove facllkn'es wrthin the Country Park. Key projects being worked on are to improve the management of the water levels withln the park The Whltlingham Charitable Trust Company Llmltod by Guarantse Trustses. Annual Roport (Incorporating tha Dlrectorf8 Raport) (coTrttnu Yoar ended 31 March 2024 and to bulld a wetland. also I￿ILKI0 the knslallation of an array of solar pan818 lo provide green energy forlho Trn8Y8 own use a8 well as provldlThJ vlsitors to1he park wilh electric tharglng points. The Trustses are all looklng forward lo the trJtur8 wlth enthuslasm. TruetseB' r8spoMlblliti•s •latem•nt The trustees, WI￿ are akn threctors for the purposes of company law. are reSponsIb￿ for preparing the tru8tee8' rewt and the financlal statements In a¢cNdan¢* with applicable law and United Klngdom ACcC￿￿tI￿ Stsndards (United KNigdom Generaly A•d AC￿u￿ng Pradice). Company lthv requires the thartty trustees to prepare financlal slatements for each year whkh gkve true atxl fair view of the slate of affairs of the charitable company arKI the Incoming fosources and appfication of rosources, includknq the Income and expenditure. fr)r thai perKKI. In preparfng iM8e financlol statomants. the tru8téè8 arg fequired to,, 8elect 8ullablg accounilng polkles and Ihen apply them consistsnty; ob60rv8 th8 mothod8 and principl68 In the appllc4bl8 Chariti88 SORP; maka Itmjgments and accountlng estimatos that 8re rea80nable and prudenL prepare the financlal statements on Ihe golng concern basls unle8$ ft Is In8pprowiat• to presuma that th8 charfty wlll c(¥rtinua In business. The tru8tee8 are re8ponslt48 tor keeping adequate acu)untlng records that are 8ufflclent to Show and •xplain the d￿rIty8 transactlons and dl8dose with raason8bie Accuracy at any tima the financ￿1 PO8illon of the charity and enable them to 8n$ure that the finandal Statements comply with the Companie8 Act 2006. They are also respon$lbl¢ for safeguardlng the assets of the charity and hence for taklng r&a80nable steps for the prevention and detectlon of fraud and other Irr8gularlttes. The tru3t8es' annual rewt and the straleglc report were approvod on ThI213•tar￿ 8lgned on behalf of the bo* I Irustee8 by" Mr N Savory Trustee The Whitlingham Charitable Trust Company Umlted by Quarants• Independont ExamineVs Report lo the Trugtees of The Whillingham Charitable Trust Year ended 31 March 2024 I rgport to the trustees on my examlnation of the Inandal statsments of Thè WhItl￿gharn Charitable Trusl Cthe companY) for thg year amled 31 March 2024, whlch are set oul on pago$ 12 to 34. R•8poMlbllttlo• and ba•h of r•port As the tnJ3teo5 of the company (and also tt8 directors for th8 Pufposes ol company lthv) you are responslble for the preparation of the finandal statements In awdance wlih tha Tequlr8ments of th6 Con1)an￿$ Act 20118 Ctha 2CQ6 Ad,). Havlng s8t1811ed myselfthatthe fmanaBI statements ofthe company arè not requlred lo be audlted ￿￿jer Part 16 of the 21YJ8 AGt and ara ellgbla lor Independent examlnailon I report in respect of my 6xamlnatlon of your tharity's fknancial statements as corried wt under 8ert1￿ 145 01 th8 Charltl68 Act 2011 Clhe 2011 Act.). In carrykng out my examlnallon I have folloéied th6 Dlreclbns gfven by the Charlty Commls8ion under 8adion 145 (5)Ib) of the 2011 Act. An indèpendent exam*i3tion does not Involve gatherlng all the evldence that would b8 requir•d in an audlt and ¢￿Sequentty d088 not cover all the matters that an author con81ders In gmng thelr oplnk)n on the financA818tat8ments. The planning and eonduct of an audli goeB beyond the linSted assurance that an Ind8pondent exarnlnation can provklg. CoTrsequenlly. l express no opinion as to whether the fin8nrial 8taternents present a Irue and falr view. and my report l& limlled to tho88 Speufio matters set out In th8 Independent 8xaminerf8 statement. Indopondantaxaff￿n•rs •l•1oment Sln(¥ the eA)mpanV8 SV068 incom6 exceeded £250,000 your examlner must be a member of a body Istsd In 88Ctlon 145 ofthe 2011 Act. I conftrm thal l am qualllled to undèrtak8 Ihe examinatlon b6cau8e l arn a rnembgr of The Instituti of Chartered Ac￿Untants in England and V￿al@s, whlch lty one of the listed bodie8. I havé completed my examlTratlon. I confirm that no ffjaterl81 matters have com to my attention In connection wllh the 8xaminatlon gfvlng me rea￿nable caus8 to b•lleve that In any rnatarial re8 a¢￿untIng ffjcord$ were not kept in re6POCt ot the company as required by $e¢tvJn 386 of the 20LN3 ACL. Cf the financlal Statements do not accord wlth those record8: or the financial stslements do not CoM￿Y with the accourning requirem8nta of sedioft 396 of the 2rx6 Act other than any requirement that the llnanaal Statements give a Irue and falr ¥lev/ vthach is not a matter consldered as part of an independent ex8mination; or 4. the fir￿n￿81 statem&nts have not been prepared in accordancewth methods and kNineiples ofthe Statement of R8comm8nded Pradice: Accountiig and R8PXting by Charllles applicable to thAn￿$ preparing Iheir finan¢lal statements In aC￿rdan￿ with the Financlal Repjrting Standard applcablé In the UK and Ireland (FRS 102). 10 The Whitlingham Charltable Trust Company Llmitsd by Guarantse Ind•pendgnt Examingrfs Report to the Tntstees of The Whltllngham Charitable Tru3t Yèar ended 31 Pllarch 2024 I have no ￿n￿nS and have come across no other matters in ￿nnectIon wtth th8 examlnatlon to whloh attention should b8 drawn In Ihl8 r8PCIt in ￿der to en8bJ8 a proper understanding of the fJnarKial Stat￿￿￿￿ to b8 rea(*ed. Name: Kwry Gallagher FCA DthA Name of appllcabla li8ted boty.. The IrAtituta of Charterad A￿ountants ih England and Walas R8lev8nt professional qualification or membor8hlp of profe88lonal body,, Chartared Accwntant On bghaff of RSM UK Tax and Accountlng UrnSted Chartered acojuntsm Davldson House Forbury Square Readlng Berkshire RG13EU 13112124 11 Th8 Whltllngham Charstablo Trust Company Limlted by Guarantse ststement of Flnancial Activities (Including Incom• and exp•nditur8 account) Year ended 31 Ma￿h 2024 2024 Unrejtrthd Restrlcied Endowment fund8 funds Totsl fund• Total fiJnd8 2023 In¢omo and •ndowmonts Donatlon8 and legacies Ctsrftable a￿1￿11&S 84.845 50,500 135.345 157,887 81.680 223,71 27,545 3.372 57.125 239,088 39,699 9,438 other tr•Jlng 8CtIv￿lIS Investment Incomg Other incune 57,125 239,088 39,699 9,438 10 Totsl Ineon* 430,193 480,693 474.170 Exp9ndl￿r0 Expendlture on raising funds: C08ts ofothér tradlng activhies Inve8lment management co$t$ 12 Fundin9 coordinator 11 97,084 97.084 93,398 5,303 6,303 4,302 13 13,123 13,123 Expenditure on charltable xtivities 14 178,180 278,567 31,480 44,803 207.eeo 323,170 294,140 391.840 Total •xpendltur• Net gainsl{105885) on knve8tments 16 4,770 47,433 52203 (47,814) Not Inconw and n•t mmn*nt In funds 158,398 5,897 47,433 209,728 34,716 Recondllatlon of funds TOL￿ funds brought forward Total lund8 carrfed forward 513,090 689,486 741,612 747,509 1,087.638 2.342.340 2,307,824 1.135,071 2.552,066 2,342.340 Th• not98 on pw 14 10 34 forni part of the80 finan¢ial 8tat•merrts. 12 The Whitlingham Charitable Trust Company Llmited by Guarantee Statement of Financial Position Year ended 31 March 2024 Fixed assets Tangible fixed assets Investments 2024 Note 2023 19 20 903.197 1,245,272 2,148,469 710,652 1.197.025 1,907.677 Currnnl asBet8 Debtors Investments- COIF charity deposit fund Cash at bank and in hand 21 22 48,091 166,750 256,144 470,985 230,221 166,750 225.942 622,913 {67,388) (188,250) 403,597 434,663 2,552,066 2,342,340 Credkor8: amount8 falllng due whhln one yoar Not current a88ets Net a88et8 23 Fund8 of the charlty Endowment funds Restricted funds Unrestricted funds". General funds Designated funds Total unre8trlcted funds Total charlty funds 1,135,071 747, 509 1,087,638 741,612 537,997 131,489 669,486 24 2,552,066 389,407 123,683 513,090 2,342,340 For the financial year in questlon the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of it accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilty for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the board of trustees and authorised for issue on 11th December 2024 and are signed on behalf of the board by: Mr N Savory Trustee The notes on pages 14 to 34 forni part of these flnancial statements. 13 The Whiuingham Charitablè Trust Compary Limlted by Guarnntse Nots8 to the Flnancial Statwnents (com Year ended 31 hlarGh 2024 Gw•ral Informallon The charlty Is a publlc benefit entlty and a ptlvate company Ilmlted by guaranlee. reglstergj In England and Wales and a regl8t8red charty In England and Wales. The address of the registered ofke Is CIO Adepta Llmlted. Hlll Farm, tfjrby Road, Klrby Bedon. NoTrvlch, NR14 7DU. England. stst•ment of compllan The88 financlal statemants have been prepared In ¢ompll8nce with FRS 102, 'The FIn￿l81 Reporting Stsndard applicable in the UK and the Republ￿ of I￿land,, the Slalem8nt of Recommended Practlce applicable to tharittes preparlng thelr 8cwunts in ac¢otdan¢e with the Flnanclal Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102) (Charlllos SORP (FRS 102)) and thè Compan188 Act 2006. Aceountlng pollcl•• Ba811 ol praparauon The financlal slatements have been prepared under the hislorlcal c08t convention. modified ta Indude investm8nts and Certain Ilnanclal In8trument8 at f&'r value The financlol statements are prepared In sterliig, which is th8 functional currency of the entity. Whitlingham Tr•Ying Company Limtt•d wa$ IncorpcY8ted on 14 February 2022 wlth The Trust a8 the 8018 8harehokler. Thls tradh)g company has been set up k) order to operale Fllnt 8am a8 café and bogan to trade on 1 Aprfl 2Q22. The tpdlng company wltl continue to pay r8nt to The Tru81 at the same rate as kYevtOU5 tsnanls but int8nd¥ to the donaie proflts to The Trust on an annual bas18. The company ha8 taken advantage ofthe exemptlon under6edion 399 olthe Compan198 Act 2008 not to prèpare consolidated accounts, on the bas18 Ihal the group of whlch Ihls Is th8 pwent qualif￿5 as a small group. The financlal 8latements pre8ent SnformRtiM about the company as an Indivldual entty and not aboul Its group. 14 The Whitllngham Charitable Trust Company Llmltad by Guarantse Notss to thg Financial Ststem8nts (tth Year ended 31 Uarch 2024 Accountlng pollcim (¢oDttnu•d) Qolng concorn The Trustees 8￿M￿ledge the sigthnt un¢ertaknty surrounding the natlonal e(x•ni%ny and the Trnses adivitres. Th6y will ccKrtinue to rnonStor the impact on the Trnst and Its fmoncial arrangemenls. The Trust has been monltorhg ts cash fl¢yw monlhty to ensure that It has 8uffKiont cash reswrces to continue lo opèrate on a day to day basis. The Tru8t has ￿•pared a budg8t for thè year endlng 31 Marc* 2025 and has con81dered Its rwllum term financkl plan ftir the period at lea8t 12 months from the data of $lgr#ng the ffina￿la1 8tat6rnents. The Trustees view at the date of slgning thé financFal 8tstament8 Is that tha Trust remain¥ vlable and remain8 a gdnG cmcem. Fund a¢￿￿n11n9 unrellrlct￿ funds are available for use al the di8crellon of the Trustee8 to furth•r any ol the charty'8 pwpose8. De81gn*ed furth are uwe8trtctad funds earniark8d by the Tru8tee6 for partlcular future project or cMimltmenL The Endowment fvnd reFre8ents Cap￿41 Instalments rnceived to provid8 th8 pemianent capltal ol thè charlty arKI wmulative increase in tha martet value of the undèrlylng investments. Income e￿ad from the inv88tment of these funds is lo be u88d lo tlnance tha day to day running and conllnued d8veWm8nt of the charlty. AJI such income IB credlted tsj th& unrestricted genaral fvnd on reG8iM. Restrlcted funds ar• ¢￿ated when grants. Income and donations arn received for a partlrxjlar purpo8e. the use of which Is reslrlct8d to Ihat purpos•. Th& alm and u88 01 each restrlcted fund Is Set out In note 2410 the financlal statements. Re8trfcted funds are subjected to re8trktlons on thelr expend¢lure declared by the donor orthrough the ternyd ofan appeal, and lav into one of two 8ubunt recelvable or poyobl• IrKludlng any related transactlon c08ts. Current assets and current Ilabilitles aro subsequenty measurad atthe ¢a8h or olher con8lderation expected to be pald or r8¢8lved and not dS8counted. Debt In8truThnts are subsequentty measured at amort18ed ￿$t. Vthere Inve8tm8n18 In shares Are publlcty traded or thelr falr value rAft Otherwioe be measured rellably, the Investmenl is subsequently measured at falr value wlth changes In lalr value rerA)gnised In income and expendiiure. All other such Inveslments are subsequently measured at ost less ImpalmienL Flnanclal assets that are measured al cosl cf amortised cost are reiryawed for objectlve evld8nce of Impaim)ent at the end of eath r8SX)rtlng date. If Ihere Is objectNe eviden￿ of Ifflpalrm8nt. an impairment Ioss 18 recognlsed undgr the apFYoprl8te heading In the statement of fin¥*cial activitie8 In which the initlal gain was ￿0￿1$ed. FDrall equliy Instruments regardless of slgnlffcance, and otherllnanclal assets that are irKlivldually sbJniftant, these are assessed Indlvldually for Impalmient. Other fnancial assets 8re either assessed Indmdualty or grouped on the basis of similar credit risk characterlstics. Any reversals of Impalrment are re(xgnised immedlately, to the axtènt that the rwersal does r￿t re8uIi in a (xrrying amount of the financial asset that exceeds what the orrying omunt would hav8 b&n had lh8 impaitment not prevlousty been reGogntsed. 18 The Whitlingham Charitable Trust Company Llmitsd by Guarantee Nots8 to the Financlal Statemonts {conthu•a) Year ended 31 March 2024 Judg•m•nts and kny g¢>urce• ol 08lknatlon un￿rtaInty Th8 preparation of the finanssal statem8nts ￿uIreS manag8m8nt to make judgements. eslimates arnl asSWip￿On5 that affect the amounts rewted. These estimatss and ludgements are o)ntKiually rethed arKI are b8sed on experfence and other factcts. includirKJ expectations of future events Ihat are believed to bo reasonable th8 drcumstances. C818ccounJng 88tkn8te8 The Tru8tee8 hav• considered that no amount will be due at th8 year end to Parkwith Ea88 LI￿￿ted with whom they ended the management L￿ntract of its car parks on 31 March 2019. Critical arn85 ofiudgwnént The twstees hav8 iy)nsldarBd thgre to b6 no critical arna8 of judgement to dl¥fJose wilhln the Statement of AC￿Unt Umltod by guarants• Tha Trust 16 a ¢harttable company, limited by guarantee. Evary member of the company Is a guarantor and undertakes to conlrfbute to the a88ats ofthe company In Ihe event of It belng wound up wilh a deficll of fund8, Such as may be requlred up to the limit ol thelr guar8nt8e. Each guarantoff8 Ilabilty Is lirnited to £1. As at 31 March 2024, there werg four S￿h rn8mbers: J R Coknan, J Colman, C Penn and the Broads Authorlty. Av•rag• Dumbor ol •mploy•o8 Avèrege number of amployees during the year was l (2023 . nio. Donatlon• and1ggacl•• Unrestricted Regtrk*l Total Fund• Funds Fund8 2024 t>onatlon• Donalion8 84,845 50,5(￿1 135,345 84,845 50,5rA) 135,345 Unrestrfcted Funds Restrfcied Total Funds FuThJs 2023 Donatlon• Donatlons 8,860 151.287 157,867 151.267 157,867 19 The Whitlingham Charitable Trust Company Llmlted by Guarants8 Notss to the Flnancial Ststsmonts Iconllnu•dJ Yaar ended 31 March 2024 Charftablo •ctlvltle• Unr8strlthd Total Fund• Unrestricted Total Fwds Funds 2024 Funds 2023 Lottlng of propety 57,125 57,125 57,125 07,125 S1,680 81,880 61,680 61.880 Oth•r tradlng acllvlfj•• Unre8trlcted Totsl Fund• Unr88trlcted Total Fund& Fund8 2024 Funds 2023 Car park charges 239,088 239,088 223,708 223,706 239.088 239,088 223.700 223,706 Inve8tm•nt Incomo Unre8trlfAed Total Fund• Unrestrithd Total Funds Fund8 2024 Fund8 2023 Income from118ted Inve•tment8 Inwme from cash Investments 31.585 8.114 31,585 8.114 24.130 3,415 27,545 24.130 3.415 39.699 39,699 27,545 20 The Whitlingham Charltable Trust Company Limitsd by Guarantse Notss to the Flnanclal Statarnents {cDntinu•o) Year ended 31 March 2024 10. Other Income Unrestrlcled Restricted Total FuTxIs Funds Funds 2024 0th8r Ino)me 9,436 9,436 Unrestrlctod Rostrfcted Total Fun(ts Fund8 Funds other inMm8 3,372 3,372 11. CoBts ol othor tradlng acllvltlo• Unrestricted Funds Restrlcted Totsl Fund• Funds 2024 Costs of other trading aGtivitle8 97,084 97,084 97,084 97,084 Unrestrictad Restrlcted Totsl Funds FU￿1• Fund8 2023 Cost$ of other trading acttvitios 93,398 93,398 93,398 93,398 21 The Whitlingham Charitable Trust Company Limit•d by Guarant Nots8 to the Flnanclal Statements ( Year erKled 31 March 2024 12. Invmtsiiqnt maThqgomont GO8t• UrYestri(knl Total Fund8 Unr8slrkthl Total Funds 2024 Funds 2023 Portft)lio rnanag8ment Support C08ts 4,854 4.854 449 3.990 312 3,990 312 5.303 4,302 4.302 13. Fundlng eoordlnator Restricted Total Fund• Funds 2024 Restr￿ Total Ful Fund$ 2023 Coordinator 8alary 13.123 13.123 13.123 13.123 14. Exponditurn on chartlablo activftla• by athlty and lund typ• Unrestrlded Funds Restrfcted Tolal Fund• Funds 2024 Atfvic• and Infom)atlon Management ofWCP (IncludirKJ Support costs) 7.J4e 200,514 207.860 170,534 178,180 29,980 31,480 Unr88tricted Funds Restrkted Tot81 Funds Funds 2023 Advlce 8nd Infomiation Management of ￿p (Includlno Support costs) 7,065 237,992 245.057 7.065 287.075 49,083 49.083 294,140 The Whitlingham Charitable Trust Company Llmited by Guarantee Notss to the Flnancial Stat8m8nts fconthu8d) Year ended 31 March 2024 15. An•ly•ls of •upport co•ts vk8 & Management Man8gem8nt InfO￿allOn afWCP costs TradirvJ Total 2024 Total 2023 Profassionaulegal hA￿8gem8nv Administr*lon charg6 8,952 237 4,334 12.523 12,461 7,148 7,146 1.136 30 550 1,716 3,259 Insurance 6,899 182 3,340 10,421 12,179 7,146 18,987 449 8,224 32.ac 34,964 16. N•t galnW(10•8881 on Invosknent• Unrestricted Roslrfcted Total Fund• Funds Funds 2024 Galnsl(losses) on Isted inve$tments 4,770 47,433 52,203 Unreslrfcted Funds Restrkt8d Totsl Fund8 Fund8 2023 Galn8lUos$e8) t)n1181ed investments {4.352) (43.262) (47.614) 17. Not Incorn81(•xpondlknr•l Net incomel(expendlture) 1$ stat8d after charging:" 2024 2023 Depreciatlon of tangible fixed assets Op8rating16ase rentals Ind8pendent examinatlon fee8 51,010 12.470 31,603 12,470 4.375 The Vvhltllngham Charitable Trust Company Lirnited by Guarantse Nots8 to the Flnanclal Statsmants (con&nvedJ Year end8d 31 March 2024 18. Tru8t•M romungrntlon No remuneration or other benefits from employment wlth the chartty or a related entty were re¢elv8d by the Trustees. 19. T•nqlblo flxad ••vts Planl, Land and machinery bulldlngs and fixtur88 Total Cost At 1 Aprll 2023 979,113 173,659 1,152.772 Addltlons 127,497 116,058 243.555 31 Mirch 2024 1.106,e10 289,717 1,396.327 D•prncl•tlon At 1 April 2023 3TT.941 64,179 442.120 Charge for the year 28.395 22,615 51,010 At 31 March 2024 406,336 86,794 493.130 Carrylng amount At 31 Marth 2024 7￿.274 801.172 202,923 3,197 At 31 March 2023 109,480 710.852 All flxed assets are held for charitable p￿pOse5. The land occupled by the Trust18 subject to long t8mi18ase as per histDrlcal agreements. It wa$ acquired at no cost. The Whltlingham Charltable Trust Company Llmltsd by Guarantse Nots8 to tho Flnanclal Ststwnents (¢onth Year ended 31 March 2024 20. Inve•th￿nt8 Fi¥8d asset Investrn8nts are held at their fair value. 2024 2023 Markot valu• At 1 Aprll 2023 1,175,891 1,224,793 Additlons DIBposals 161,2C (158,88n 162.800 {153,188) R•alsed (lose8) (771) (3,817) Unmallsed goin810088es) 54,717 1,228,219 1,175,891 Cash depo81ts 19.053 As at 31 March 2024 1,245 272 1.197.025 ma￿&1 v8lu& Can be anatys8d as follows.. UK fixed Intero8t 86oJrities 202,481 186,213 UK Ilsted equitle8 and unit tnrnts 1.023.737 1009 677 1,228,218 1,175,890 Whitllngham Tr8dlng Company Limlted Cash depoaits 19.053 1245 272 1197025 Tha Whitllngham Charitsble Trust Company Llmlted by Guarantee Notss to the Flnancial Statsmonts (COnd￿0d) Y￿r end•d 31 March 2024 20. In¥￿tMents (Mntinu Tre hlstorfcalGo8t ollnvgstments can be analysed 86 foffows.. UK fL¥ed Intsrest 8ecurfUe8 210,508 178,966 UK Ilsied equltle8 and unlt tn￿ts 917,501 908,578 Whillingham Trading Company Ltd Cash dep08118 19,053 938,555 929,711 The Charity own$ the whole of the188ued share caprtal of Whltllngh8m Tradlng Company Ltd, a COmP8ny roglstered in England. A Summary of the tradin9 results of the 8ub$idiary are shown below.. 2024 2023 Tumover Cost of sales 536,217 {170,799) 487.553 (145,751) Gross profit 365,418 341,782 Admlnlstr•tion expenses Donatlon to parent company (335,646) (283,824) (Lossywofjt for th8 year The Whitllngham Charitable Trust Company knmlted by Guarante• Notes to th• Financial Ststements (COfftthu•( Year ondod 31 March 2024 20. Iiw••knents (continued) aggregate of the assets, liabllitie8 and fund8 wa8". 2024 2(Y23 Flxed assets C￿￿nt assets Llabllilles 16,744 72,163 10.980 69,917 57,959 C8pltal arKI reserves.. Called up shares capllal (1 x £1 ordinary 8har•) Profit and1088 reserve 29,773 57,959 21. D•btor8 Trade debtors Prepayrnents and &crued Income Other debtor8 2024 2023 32,969 14,025 1.097 48.091 230.221 thln prepayments 2nd accrued income of £14,025 {2Q3.' £211,584), £nll (2023.. £29,030) reJot88 to 8¢crued Income whlch has been reduced by a wovlslon lor bad debt 22. Inve•tm•nt• 13,002 211,564 COIF deposit acrount 2024 2023 188.750 23. Cr•dltorn.' amounts falllng dug wlthln one year 1&8,750 Trade creditors Accruals and deferred Income Amounts due to group undwkkings Other creditors 2024 2023 2.339 24,140 5,509 35.400 78,885 87.620 20,000 1,945 188,250 67.388 27 Tha Whitlingham Charitable Trust Company Llmltsd by Guarantso Nots8 to the FInanc￿l Statsmonts (eortthu*d) Year ended 31 March 2024 Anaty913 of Gharllablg lunds Unrgstrlctod lund8 At 1 Aw 2023 Gakns and At losses 31 Mar 2024 Income Expendltur8 Transfers General funds Deslgnatsd funds: Flxed Asset future tspend Donated A839ts Woodland man8gement Fllnl Bam Renov8tion Flxed Asset 389,407 412.747 (268,927) 4,770 537.997 27,087 1,874 27,087 1,612 (382) 7,701 7,701 87,021 513.090 17,446 (9.278) (278,587} 95,189 669,486 430.193 4,770 Galns and At 108se$ 31 Mar 2023 1 Apr 2022 Income Expendltura Transfers General fvnds Deslgnated funds: Fixed As88t futur8 Spend Donated A888ts Wcodland management Flknl Barn Renovelton Fixed A88et 308,471 322.903 (292,821> 57,2Ce (4,352) 389,407 27,087 2,358 27.087 1,874 {482) 7.701 7,701 45,ti 81,475 (45,(KiO) (4,4541 1342,75n 10,OQJ 87,208 87,021 513,090 470.090 322,g)3 14,352) The Whltlingham Charltable Trust Company Llmited by Guarantse Nots8 to th? Financial Ststements (conthuedj Year endod 31 March 2024 24. Anaty$i6 of ch•rltablg lund• fc Gen6rBI fund Th& General fund repre8ents suryluses held in resern¢ to ensurn that th8 cpntlnu8d c4)gratbon of the Trust for the Imm&Jiatg fvturels reasonably assured. Flxed Ags81 fund Th• Flxed As8et fijnd ha8 been Created to cover the c08t ofmajor capital items Ind￿jIr￿ tho tollat block lactlity the tractrJr-mow8r. the balancè ofwhich 18 fftduced by tho annual depreclab'on charga. Flxed Awt future sp9nd fur#1 The Flxed Ag8et future sp￿d fvrKI represents thè Surnlus desIgna￿d to 811 capltal assst purchases golr*J forward withln th6 Country Parf(. Dcfftated Asset fvnd The Donated A$8et hjnd hok18 the fair value of asséts donated In the year ind on whlch the balanco 18 reduL* by the annual d8prBGlation Charge. Woodland Management fund The WIx4Yland M8n8gemènl lund reprwnts income To￿[Ved from the Salo ofb'mber 85 a re3ult of the dearance of wo(*Jland pèr the Wcrf>Jland Management agreernent which will be l￿d to fund furthei Fllnt Bam r¢r￿Ve￿On fund The Fllnt Bam ronovation lund represents the Income re￿1¥0d from the Bro•ds Authorfty In relatton to the rènovatlon of Fllnt Bam. R••trktsd fund• At 1 Apr2023 Income Expgndilure Galns Ènd At los$e8 31 Mar 2024 Tranaf•rs Moorinqs ITi8iLor fadlitles developmenl Orienteerlng Cour8e Wllow Weavlng Pathway Disablllty tolJ81 Funding coordlnator Bird hlde Webstte (4,084) 3,945 584,515 (17,95n 586,558 397 70 114,418 397 70 108.041 38.478 (8,375) (1,522) 40.oc 30.000 4,205 500 lo,0￿) {12,123) (62) (1,500) 16.877 4.643 8.500 741,612 50.600 {44.603) 747,509 The Whitllngham Charitable Trust Company LImitsd by Guarantse Notes to the Financlal Statsmgnts (cortthu• Year ended 31 March 2024 Anaty819 of ch•rltabl• fvnd• Ir¢wtknu• At 1 Apr 2022 Galns and At losses 31 Mar 2023 Income Expenditur8 Transtsr8 Moorlngs Visitor facilitie8 d8velopment Orienteering Course Wlllow v¥ea￿n9 Pathway Dis8bility toilet Fundlng coordinaior Blrd hide W8bJi18 12,073 (4,1]64) 8.009 802,472 (17,95n 584.515 397 70 20,OIJ> 397 70 114,416 107,01)J 10.000 {27,O)0) 14,418 {10,000) 30,0(M) 4,287 30,000 4,206 (82) 635,012 151,267 (49,083) 4,416 741.612 3Q The Whitllngham Charitable Trust C¢)mpany Llmitad by Guarantse Notss to the FAnancial Statements (conthiiedj Y•ar ended 31 March 2024 2& Anal￿1¥ of charitable futh (eoiiWnu•41 Moorfngs fund The Moorfngs fund holds recthed specKkaUy for the ptypose of construcllng 24 hour moorlngs wlthin the parfr. The tsnd balance 1$ reduced by the annual deprecation charge. Visitor facrlitlos d8velopment fund The Vlsitor fadfitie8 deW0{￿ent fund reKYesents grants r8celved Bpecificalty for the purp08e of the contraction of the Vrsitors Centre. The fund balan￿ Is reduced by the annual depredation ehwga. Imllow WeavlTrJ lund The WIIIOW Weaving fund represents a grant received from the 'Nalitinal Lottery Awards ft)r All" whlch is specifi¢alty almad at enhancing the skills of the vdurteers who undertak8 conseriat and ground8 at Mitlinuham Country Park Orferitating Interpretstlon fund The Orl8ntaling Interprelallon fund repre38nt8 a 9ranl r•c8*d8d from S¢)uth Norm81 Coundl towards the re-in8tallatlon of ￿ientatIng posts and Intgrpretlng *n3 afoufKI the County Park. Pathway fund The pathway furKI represents a donation rec8lved from Close 8chcol tcmards the Tes￿faC￿g ofthe pathway around the GrnAI Broad to maka wheelchalr user filendly. Dlsabllfty tollat fund The disabllity tollet fund repre8ents a donatlon recelved towards tha Installation ola dlsability toilet to make thè park more a￿$S1b1e for all to ènjoy. Fundlng coordlnator fund The fundlng coordinator fijnd repre8ents Iwo donations reGerved towards the employmanl of fundralsing ofikgr for Ihe Trust. Blrd hlde fund The Blrd hide fund represents the Income reCeIv￿ from the donatlons In relation to the instsllatlon of tha new ￿rd hide . Endovnnont fund• Al 1 Apr 2023 Income Expenditure Transfers Galns and At (losses) 31 Mar 2024 Perniangnt Endowment Fund 1.087,638 47.433 1,135.071 Al 1 Apr 2022 In￿rne Expendhure Gain8 and At lo&￿8 31 Mar 2023 Transfers Permanent Endowment FuTrJ 1,202.522 (71,622) (43282) 1.087,638 31 The Whitllngham Charitable Trust Coinpany Llmltod by Guarant Notss to the Flnanclal Statoments (contlnu•d) Year ended 31 March 2024 24. Analy•ls of charltable funds (withiu•d) Endowment fund The Endowment fund represents the long lemi ¢aprtal of the Trust. Interest generated from inv8Stfflents held In the Endowm8nt fund Is used for thé day-t¢>day runnlry cost8 of the Trust. Transfers bètween fund8 in the year relate to the release of restrlction on purcha8e of fixed assets arKI Bplrt of th6 galns and 108ses on Investments h8ld beiween the endowrn8nt and unresl1i￿ed funds. 25. Ana￿1# of not •••ets botwoen funds Unr8strlded Restrlct8d Endowment Total Fund8 Funds Funds FuTrJs 2024 Tanglble fixed assets Inve8lment$ Currenl assets Creditors le85 than 1 year 155,688 110.201 470,985 (67.388) 747,509 903,197 1,245,272 470,985 (67,388) 1,135,071 N•t a••ets 869,488 747,509 1,135,071 2,552.066 Unrestrlcted FuTra¥ Regtricted Endowment Total Fundg Fund8 Funds 2023 Tangiblè ffixed a3$ets I￿￿stments Current assets Credilors less than 1 year 92,222 109,387 499,731 (le8.2￿) e18,430 710,852 1.197,025 622,913 (188,250) 1,087,838 123.182 Not amèts 513.090 741,812 1.087,638 2.342,340 26. Oporatlng l••A• Gommltmgnts AB l•••ee The totsl future mlnimum ￿88@ payments under nonacan(%llable operatlng leases are as follows: 2024 2023 Not later than 1 year Latsr than 1 year and not later than 5 y8ar8 Later than 5 y8ar8 12,470 49.880 735,730 12,470 49,880 748.200 810,59J 798,080 The land of Whthingham County Park Is leased to ts TTUSt under long-tarm leases with amual peppercorn ren1$. The Old Rowing Club Bulldlng is leased to the Trust under a thTee year lease with annual p8ppercom rents. 32 The Whitllngham Charitable Trust Company Limited by Guarantse Notss to the Flnanclal Statements (c¢wthu•d) Year ended 31 March 2024 28. Opératlng lea•• commllmants Icontlnued) As 19980r The lotal future mlnlmum lease payments receivaU8 under non-¢ancellable operatlng leas6s are as follL)WS.' 2024 2023 Not later than l year Later than 1 year and not later than 5 y&ar8 Later than 5 years 15,500 62,tYJO 451,3CK) 528,800 15.S(M) 62,000 467,300 544.800 Th8 op8r8tlng lea8e8 represent lea88 of land for Whltlingham 8oathous8s Foundation Ltd (for con8trudion and us8 of a boathouse) and the lease of land lor the Outdoor EdLtcatSon and Aclivlly Centre. Th& le¥¥e8 arp negotkted over a tsmi of 78 y8ar3 and 15 year8 re8pedlvo1y. 27. Contlngont Ilabilltle8 Ourlng the 2019 financlal year the Tru8t tenninatsd a contrad as a result of Underperf0m￿n¢e and havé mad8 a dalm agalnst the contr8Gt provider In respect of amounts due lo the Trust. In respons8, the contractor ha8 made a counter clalm agalnst lh8 Trust ftjr breach of contract. The Trust has taken approprlale legal athice and belteve they arè in the strong posltion ta defaTrJ tho dalrn. The Trustee8 now belleve that sufficlent tlme has passed and consider that ther818 no conttngent asset or liabllity to dlsdo8e in the accounts. 2& Flnanclal In•trum•nts Th• following categories of f￿ancIal Instruments arg Carrf￿ In the balance 8heei' Fln•n¢lal a88•ts.' 2024 2023 Measured at falr value 1,226,219 1.175,891 29. Po•t balanc• •h••t •v•nts Followlng th8 year ended 3141 M8reh 2024. lthitjingham Tradlng Company Llmited (wrc) made an unr88tr1cled donatlon of £29,772 (2023.. £57,958). This amount is equal to the Iradlng profits ol Whlllingham Trading Company Llmlted for the year endod 3111 March 2024 before donatlons. The Whltllngham Charltable Trust Company Limit•d by Guarants• Notes to th• Flnancial Statsments {conJn Year gndod 31 March 2024 30, R•latsd partl89 During the year the Trust rented the Flint Bam from a famlly trust C*Jnne¢Xed wlth Mr J R Colman. The buildww is r8ntsd under a long t8rm lease (q)eraling lea8e8- nots 25) under tsnns negotiated on an amis-length basis. The renl dL* during the year was £12,470 {2023: £12,470). The amount out6tsndlng at the year end vms £nll (2023: £n1￿. Induded withln olher Income18 the ￿rcha￿ of thg removod York Stono palo from Fllnt Bam for £7.oc￿ plus VAT by Mr J R Colman. Tho amount outjtsndlng al th8 and of the year w8$ £8.4ts) {2023: nil). Whltllngham Trading Company LSmitgd 1$ a wholty owed subsldary of Whitlingh8m Charflable Trust. At the yèar end Whltlingham Char6tsble Trust owed ￿{tI1nghaM Trading cofflpany £5,509 (2023: £20,000). Th8 Tru8t holds the majorfty of ts Investm8nt8 with Barratt & Cooke Stockbrokers whlch Mr N R Savory 55 a nOfvex￿UtIy8 dlrector of. 31. Volunt•8r conlrfbutlon An average of 21 vDluntser8 dedlcated 4,301 hours to the Trust (excludlng events, sch(x)l and college groups). Volunleer$ 17ave conllnued to asslst in the mainienance and overall improvements around the Pad( through r&gul8r vegelatlon manggefflent, Iltter plcklng, fumiture repalr and replac*ment. Inva￿Ve 8peol6s control and visual wte inspoctlons. The Whitlingham Charitable Trust Company Llmited by Guarantso Managemant InfOrn￿tIon Y￿r end•d 31 March 2024 Thé foll¢Avlng pa9￿ do not forni part of the flnanclal •t•t•monts. 35 The Whitlingham Charltsbla Trust Company Llmit•d by Guarnntoe Detallod Ststemont of Financial Actlvities Y8Ar ènded 31 March 2024 2024 2023 Incon￿ and gndowments Donation• and legacl68 Donation8 135,345 135,345 167.867 157,887 Charltabl8 actlvltl•8 Letllng ol property 57.125 81.880 57.125 81,680 Other tradlng aGUvltle• Car park charg8$ 239.088 223,706 239,088 223,7C Inv•stment Income Income from h'sled kn¥eslment8 Income ffom cash investments 31,585 8,114 24,130 3,415 27,545 39.699 Other Incomo Other income 9,438 3,372 Totsl Income 480,693 474,170 36 The Whltllngham Charitsble Tru8t Company Limited by Guarantee Datsiled Statemont of Flnancial Acttvltles (c￿0￿1￿d) Year •nded 31 March 2024 2024 2023 Expondllure Co•tg ol other tradlng actlvitle• Support ¢*6ts Car p8rk management fee 8.225 88.859 8.772 86,626 97,084 93,398 Inv￿￿￿nt management Costs Portfolto manag8mont Support costs 4,854 449 3.990 312 5,303 4,302 Funding coordlnator co•ts Coordinator salery 13,123 13.123 Expendllure on charftabl• aGttvlU Slte management Sundry Depr8dallon Irrecoverable VAT Support cosis 121,903 756 51.010 9,859 24,132 229,386 133 31,802 5,139 27,880 207,660 294,140 Total ex￿ndItur• 323,170 391,840 Net galn81(lo•se¥) on invg8tments Gainsl(losse$) on listed Investments 52.203 {47.614) Net Incom• 209,726 34,718 37