Wllllam Whlteslde And Irene Whiteside Memorial Trust
Statement of fmancial activities
For the year ended 30 June 2023
Restticted
fiinds
2023
Total
fiinds
2023
Total
funds
2022
Note
Income from:
IThiTCStnients
215
215
323
Total income
215
215
323
Exponditure on:
Cliarltable 2Ctivitie5
4,200
4,200
3,056
Total expenditure
4,200
4,200
3,056
Net expenditure before net gainsl{lossès) on
investments
(3,985)
566
(3,985)
566
(2,733)
(1,381)
Nct ga1115/(lo ) on investments
sscs
Ngt movement in funds
(3,419)
(3,419)
(4.114)
Rgconciliation of funds:
Total ￿ndS brouglit fonvArd
Net moircmcnt in Eunds
15,350
(3,419)
15,350
(3,419)
19,464
(4,114)
Total funds carried fonNard
11,931
11,931
15,350
All amounts relate to continuing operations.
The Stktement of fjnancial activAties includes all gains 2nd losses recognised in tlie )Tear.
Tlie notcs on pages 9 to 15 form pArt of these financial statements.
Page 7

Wllllam Whiteside And Irene Whiteside Memorlal Trust
Balance sheet
For the year ended 30 June 2023
2023
2022
Note
Fixed assets
IniTestments
14,289
16.659
CAsli at bank And in l)2nd
42
851
42
851
Creditors: amounts fqlling due ivithin one year
(2,400)
(2.160)
Ngt current liabilities
(2,358)
{1,309)
Total net assets
11,931
15,350
Charity funds
Restricted ￿ndS
io
11,931
15,350
Total funds
11,931
15,350
Tlie financlal statements haiTe been prepArcd in AccordAnce witli die pmvisions of FRS 102 Section IA
enuties.
siiiall
Tlie fin41ncial 5tAtements ivere approved #nd authorised for issue b}, the Trustee on 29 April 2024 and signcd on
theiL bcliAlf by.
Cleaver Fiiltoii
(rrustee)
nkin Triistees Limited
'rhe notes on pAges 9 to 15 form part of these fin?ncial statements.
P4e8

William Whiteside And Irene Whlteslde Memorlal Trust
Notes to the f￿ancial statements
For the year ended 30 June 2023
General informatlon
The IVftlliAm Ivhtteside and IIene Ivhiteside fvIemon21 Trust is an unincorpoiRted tDJSt. Its principal office is
50 Bcdlord Strcct. Bdfast, BT2 7FIV, 2nd it has a cliarity registration nwnbei of100271.
Accounting pollcles
2.1 Basis of preparation of financial statements
The Financial statements are prepared on a going concem basis, under tlie historical cost convention
iinless othenvise noted in the accouniing policies beloiv. Tlic), IIAITe been prepslted in accordancc
applicable laiv and accounting stand￿rdS issued b}1 tlie Fin2ncial Reporung Council, including FRSI 02
'The Financial Reporting Standard Applicable in thc UK and Republic of Iieland" ("FRS102'), and tlie
Statement of Recommended Practice - Accounting and Reporring b), Charities. efFectAve l J2nu2ry 2019
C'SORP,).
The financial stAtement5 2re piesented irk Ster
ling I
The Young Fund constittites a public benefit enuty as de[￿ed b). FRS 102.
2.2 Going cotteem
The trustees liave assessed that the Ivffliam Iylhiteside And Irene IYQlltesRde MemoIial Trust has
adequate resource5 to mcct thc ongoing costs of die entity for 2 minimum of 12 montlis from tl)e date
of signing the financial statements. For this ieason the Fjnancial statements l)aTrTe been piepared on a
goiog concern basis ivhich p￿sumeS tlie realisation of assets and liabilities in the nonnal course of
busAness.
2.3 Income
All income ts iecognised once the Trust has entitjement to the income. it is ptobkble diat the incoine
vill bc rcccivcd and the amount of income receivable can be measured reliibl),.
Investment income is included ivhen receiwdble.
Income tsx tccoverablc in ic]ation to investment income is Ieco8ni5ed at the time die investmerLt
income AS receivable.
2.4 Expendittite
Expenditure is recognised once there is a leg21 or constructive obligation to transfer economic benefit to
a third pRrty'. it is piobablc that a transfer of economic benefits ivffill be required In settlement and die
amount of the obligation can be measured Ieliably. Expendi￿re is classified by acttirity. Tlie costs of
each Actiirlty Are made up ol the total of direct costs sh￿rea costs, including support costs involved
in uftdertaking each actiiryty. Direct Costs attributAble to a single actiiuty Ate allocated dirccd}T to that
activity. Sliarcd cost5 Ivhich contribute to moIe than one 2CtilFityI 2nd support costs ivl]ich are not
xtttibutable to a single actiitity, ale Apportioned bettvccn those activitie5 on a bx5is consistent ivitli tlie
use of resources. Central staff costs are allocated on tlie basis of time spent. and depIeciAtion chatges
allocated on the portion ol die asset's use.
GoiFern2t]ce costs include those costs associated iVAth meeting tlie COnsti￿tiOnAl And statutO4'
requircnients ol dje trust.
All expenditure 15 indusiiTe of irrecoverable IIAT.
P￿Je 9

Wllllam Whlteside And Irene Whiteside Memorial Trust
Notes to the f￿ancial statements
For the year ended 30 June 2023
Accounting policies {continued)
2.5 Investments
Fixed Asset iniTe5tmcnt5 arc * form of finAnci&l in5truinent and are initiAll}I recogtiised at dieir transaction
C05t subsequentl}I measured at fair iTalue at the BAlance shcet date, unlc5S tIIc &Talue cannot be
measured retiabl}' in ivhicli ca5C It is Incasured At cost less llnp*iiLnent. Investsnent gains and losses,
vlicdier Iealised oi unrealised, are combined and presented As 'Gains/(Lo ) on inircstJnent5' in tl)e
5SCS
St41tement of financi%tl activlties.
2.6 Cash at bank and in hand
Ca511 At bank And in Iiand includes casli and sliort-term liigljly liquid inirestments ivfjdi 2 shoit M¢1t￿lt],
of three months ot less from dic dAtc of Acquisition oi opcning of die deposit or sitnilTrr account.
2.7 Liabilities and ptovisions
Liabiltties qre recognised ivlien tliere is n obligation at tlie B114lnce slicct dqtc As a result OF A pqst ClTcnt.
it is probable tliat a ttan5fcr of economic bcncfit ivill be Ieqll￿ed in settlement, and tl)e ainount OE die
sCt￿￿llent cAn be estimated reliably.
LiabiIities are recognised at tlie 1mount t112t tlie Tiust 2nticipRtcs it ivill pa), to setde die debt or the
mount it I￿S rcceived as advanced pa}pments for dic goods OK sentices it must pIoTr'ide.
Proipisions are measured at the best estimate of the iinounts required to settle tlie obligAtion. Ivliere tl)e
effect of the time value of moncy is matcriAI. tlic provision is based on die present value of tliose
amounts. dtscounted at the pre-tax discount rate diit reflects tkie risks specific to tlie liability,. Tl)e
univinding of die discount is recognised in tlie Scatement of fmancial acUIFities as a finance cost.
2.8 Flind accoiinting
Geneiiil funds ate unrestticted funds ivliich are available for use li t tlie discretion of tlie Trustee in
furtlierance of tl)e general objectives OE tlie Trust and Nvhich Iiqvc not bccn dcsignatcd Eor othei
purposes.
Rc5trActed funds are funds ivhicli are to be used in accordance ivitli spcciFic rcstrictions Amposed by
donors oi ivhich have been raised by thc Trust lor particuknr purpose5. Tlie costs of raising and
administering sucli funds are cliarged ?gAinst tlie specific fund. The aim and use ol each restIicted Fund
is set out ia tlie notes to thc financial statement5.
Page10

Wllllam Whiteside And Irene Whiteside Memorlal Trust
Notes to the ffftancial statements
For the year ended 30 June 2023
Critical accounting estimates and areas of Judgement
Estimates And judgements ￿re required ivlien appl)iing Accounting policics. TIIc5e Are continuall)T CITAluated
2nd are based on IustoricAI cxpcricncc And odier f2Ctois, including expectations ol future eirents tliat arc
believcd to be reasonable under tl)e c￿C￿mS1￿nce$.
Tlie trust makes e5timAte5 and assumptions concernmg tlie futuie. Ivhicli can initolve A Iiigli degree of
judgeinent or complexity. Tile resulting accounting estimRtcs ivill, b}, definition, seldom cqual tlie rel%ted
ctual result5. The estm2tes and assumptions tliat liave a significant iisk ol causing a Mat￿la1 adjusttnent to
die carrying amounts of assets and li2bilities ivithin die next fts]ancial ye2K are addressed beloiv.
Fair value of investments
Uses variou5 vsthiation techniques to deterni￿e tlie 19ii value of fin1￿CIaL instruments (Ivhcrc active market
quotes are not airailable) and non-financial assets. Tl)is iniTolves developing estimates and assumptions
con515tent ivith lioiv market P2rucip3nts ivould the instrumcnt. The trustee bases its assuinptions on
obsernTable dah R5 far as possible but diis ts not 21ivays 2i1ailable. lft di2t case. manAgement uses die best
information 2vAdable. Estimated fAir v*lue5 MAY var), from die actu81 prices tliat ivould be 2cl)ieved An An
arm's Icngth trkn5action at die repoiiing date.
Investment income
Restricted
Eunds
2023
Total
fiinds
2023
LASted ini'estments
215
215
Total 2023
215
215
Restsicted
funds
2022
Total
funds
2022
Listed investments
Inirestment income- other
322
322
Total 2022
323
323
Page11

William Whiteside And Irene Whlteslde Memorlal Trust
Notes to the financial statements
For the year ended 30 June 2023
Analysls of expenditure on charitable activities
Siimmary by fiind type
Restticted
fiinds
2023
Total
2023
Disbursements to beneficiary
Investment expenses
Legal and piofessional Eees
407
407
209
209
3,584
3,584
Total 2023
4,200
4,200
Restricted
fuods
2022
Toral
2022
Disbur5cmcots to beneficiar).
Investment expenses
Le￿1 and profession21 fees
450
450
368
368
2,238
2,238
Totil 2022
3.056
-3,056
Independent examiner's remuneration
2023
2022
Fccs pa}Table to the Truses independent examiner for tlie independent
eX￿nIn￿tion OF tlie Trust's annual xccounts
1,800
600
Resources expended
During die }reAr, no Trustees receiired an)1 remuneration P022 _ £NIL).
Diiring thc }Tcar, no Ttustccs rcccivcd An). bcncfit5 in kind (2022 - £NIL).
During die )rar, no Ttustees reccivcd an}r ieimbursement oFeNpenses (2022 - £NIL).
A5 dctTriled Note 12, the Trustees received [￿nuneratiOn for Services rendered to tlie Trust Èn tlie curient
year.
Pa9e12

Wllllam Whlteslde And ITene Whiteside Memorial Trust
Notes to the financial statements
For the year ended 30 June 2023
Fixed asset Investments
Listed
investments
Cost ot valijatio
At l July 2022
Ad(litions
16,659
9.199
(12,136)
566
Disposals
RevalDaUons
At 30 June 2023
14,289
Net book valiie
At 30 June 2023
14,289
At 30 June 2022
16,659
Creditors: Amounts falling due within one year
2023
2022
Accruals and deferIed income
2,400
2,160
Page13

William Whiteside And Irene Whiteslde Memorial Trust
Notes to the financial statements
For the year ended 30 June 2023
10.
Statement of funds
Statement of funds - current year
Balance at I
JiiI)' 2022
Gains/ Balatice at
(Losses) 30 Jiiiic 2023
Income Expenditure
Restricted fiinds
Restiicted Funds - all tunds
15,350
215
(4,200)
566
11,931
Statement of funds - prior year
Balance at
l July 2021
Gains/
Bilance qt
(Losses) 30 June 2022
Income Expenditure
Restticted fiinds
RestrLCted Funds - all funds
19.464
323
(3.056)
(1,381)
15,350
Page 14

William Whlteslde And Irene Whlteside Memorial Trust
Notes to the f￿ancial statements
For the year ended 30 June 2023
11. Analysls of net assets between funds
Analysis of net assets between funds - current year
Restricted
fiinds
Total
fiinds
2013
2023
Fixed asset investments
14,289
42
14,289
42
Curient assets
Creditors due ivithin one year
(2,400)
(2,400)
Total
11,931
11,931
Analysis of net assets between funds . prior year
Re5trictcd
Funds
2022
Total
funds
2022
Fixed asset Ini￿StmentS
16,659
851
16,659
851
CurIent 2ssets
Creditors due ivithin one srar
(2.160)
(2.160)
Total
15,350
15,350
12.
Related party transactions
During the }iear to 30 June 2023. fees of £1,784 P022: £1.560) Ivere incurred to Cle2irer Fulton Rinkin
solicitoIs. CleaiTCI Fulton RAnkin Trustees Limited is the sole corporatc trustcc of dic trust.
Page15