ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Company R•glstrallon No. CS001760 {S¢otl•nd) Charlty Reglstratlon No. SC047040 (Scotland) WHITELEYS RETREAT LEGAL AND ADMINISTrAllvE INFORMATION Tru%ts Charlty number ISGOtland) SC047040 Prfnclp•l ad(tr•ss R•glslw•d offlc• Ikxl•pend•nl eMminBr Bankern Santsndor 23>237 Fthgh Street Ayr Ayrshtre KA7 1RB Sollcltorn Thg MclQrW Cornpony Que8n's Court Hou8e 39 Sand9ats Ayr Ayr8hlre KA7 1BE WHITELEYS RETREAT CONTENTS TN8tees report Ind8pend8flt gxamlnerfs r¥wrt statement of financial adivili Balance she•t Notes to the financial stal•mnts 7-17 WHITELEYS RETREAT TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Tho Thist￿ We$8nt th•lr ann￿1 repjrt and 15nandal staternents tr the year 31 De￿[￿b￿r 2024. The acc(￿nts have been prgpgred In acc•￿4n¢• vAth th• acco￿￿￿n9 pollde8 8et out In nole 1 to the accounts and compty wllh Ihe tharitys Constitulion, th8 Charrti&s and ThJsts6 Investment (Scollandl Act 2005, the Charitles IS¢))tlandl RegulJtion8 20C618s amèndadl and 'ACe￿Inting and Reporhng by Charibes.. Statement of Recommended Praclce aFplicable to prepartng thglr a¢wunts Sn gC¢uda￿8 the Ftrwndal Repcrtrwj Standard appll¢xbb In th• UK and Republk of IroL4nd IFRS 102) {éff8cllvè 1 January 2019). Obj•ctIv￿ And aetMtI•s Th• charws obl•cls wo: Th8 provision of holiday acccffnmodatson for ￿T8p•￿tIC br8aks. r8creatfonal fadlUes, or the organisatlon of reatlonal a￿￿tieS w5th the object of impromng the cOndti￿5 of Ile for th¢ perscm ksr whom th fgciliti9g or a¢bMtieg arp primarfty knltmlod . The 8dv8ncam8nt Df heatth The rg1I8f of thos8 In n88d by reason of 8ge.11 heallh, thsabMIty. finandal hardth¥) or other fJIsadV￿lago Thè pollcies adoptèd In furthernnce of these ofy'ects are: thg provl$lon of holdayg and hollday accommodalon lo chIld￿n and thgir familios vAwrg Ihg ¢hSkJ or chlldrén havè Ilfa Blièring illnass8s or or chltdron aro uThYeTgoing or have Und¥gO￿ tre8lmÉnt for c￿cer. d there has been no chang• h Ihtra• dvrtno th• yw. The winc4pal actTriitie8 in the pgriod w¢r¥'. Encx)ur8girvJ don8Oon6 and pledg•s through 4ppoals Organlslng funthalslng events Ap￿I￿ng for charftstde gTar . Pro￿dIng hdidey homes for thornpeuU¢ breaks for famllw of thldron vAlh ¢an¢w Cf ofhor Ifo ilnesses EM￿o￿n9 staff to Nn the tharty A¢hlèvom•nts •nd p•rftwmanG• The facllKlfrs at Whltdeys Retreat have been fully 0￿￿Pied throughout th• y•ar and wo CA)ntlnve to enjoy the addItI¢￿al 34edroom mob5kg urft located al Croftheaé Car3van pa￿ d8spk8 8 chgngè of ownership of thg Pa￿. DemBnd remains high trtherap￿tic breaks, and we hav8 a waldng Ilsl ftytsmilies. A Fknb unit has b8•n croated at Blackbum Road Car Park in Ayr to hougè our spedally ad8Pted beach wheelthalrs •T• now tn usa by ly)th ow families vi5iling Wlvleleys aNJ thg ￿lder commLmlty 5$ 8 fr*¢ s•rvlc• to 811. No major rolurbl$h￿nI has been carrl8d out at the propertres, but regular malntwanc• and Is ¢anl•d out ) an on9dng bA￿S to keep the cottages and gardens in fiTrt class order. c*xUnug to wJrf( ¢10sgty wth other slmllar arKI C￿Thntary o*artty tyganlsalkM6 who rglgr Iwnlllg8 for r95Pite breaK We ¥￿1￿m• s&Kwr6feffals. W8 gro•tly aprKèd8ts th• dadlcation and a)ntllbut*Jn of our t￿M of vclunteer8 who around tho accotr#n(NJatlon gach wggk and b)ok aftgr the FffOPWtles, gardens and an1￿￿￿. Wvg 8re also fortunatè to ha small bul molv•t•d who eater for Ihe famllies every need a8 evidenced by our evaluation fgpdback WHITELEYS RETREAT TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 FIn￿Gi￿1 revi• The Twstees ccfflsEder Ihe fin￿GIBl perfonnBnce of Charity ftjr thg y￿1 ¢0 31 D￿rnb•r 2024 to be rrKtsl satBfaclwy. Ojr C￿ partnws 0$ wo11 as th8 local communlty offer wonderful 8w)ptsrt to t1￿ ¢h8rtty mosty In (ssh txrt oL80 In ￿ftd from moryvorfed 5￿Jr¢eS. The Kllhvalk (x)nttnu88 to b& a m8prfunth8isgr. Con8iderable savings rgsult from our h)yal leom of voJunt8er8 who tirethsty cere for thg 8nimab, koop I propsrti88 and gard•n$ In 9)od conditton manogg thg W88kty turnaround so So8￿￿8s5￿. We conllnually al ways of Irr4)roving the $ervus and facilitYa5 at Whitdey5 and have tentauve plans for developrnenL Wthin the next 5 year8. wo alrn to pur¢h8s• 8 s•pwat8. Indiv#lual cottage to prov*Je respite tweaks bespoke onty for palliatfve ¢hlldren g41d yThJng peopkn a¢Yo8s Ayrsh￿& and beyond. Th8r8 is a hug demand In the dlnical 8e(#or ar¥J no Euch acwm￿d8lk)rn 8v8llab]¢ In th8 communty. We regard thls as a pri￿ty and musl look to anolher locaticffl due to the natur8 of diagno¥i¥. R8S8rvo funds wll be omocatod to th• pr￿¢1 a c¥Jn¢wtratsd elbrt ￿ fvndralskng. W¥ thank wthu¥S8sUc ¥dunteern ably led by our Clief Executwe, ¥tho tcrfdether albw us to provtde a ffst ¢￿$S 8grvl¢• to ourf¥milios. Is Ihè pdicy of thè charity to ènd•avour to hava unraslrkt￿ firnds vthlth have not been d•5ignated for a 4)eofiG u$¥ to ￿ m•lntskned ot a level equlvalenl to a yearf8 wnThng c06ts. Tho Twsl08s have assessed th6 m¥Jor thsks to vthlch thg r*8rfty Is 8XFosgd ano are satlsl18d Ihat syst8rns are Sn place to mlllgale exposure to the maior risk5. 11 Is th• plicy of th• eharfty ￿deaV￿r to have unrestricted knd8 vthith have not been de¥vJnatsd for a spe¢lf US8 to b8 rnaintairwd at a18vo1eq￿valent to a yeats nmrlng C•JSts. The Tnjstses have 8ss¥s$ed lh8 malfx rlsks to %4th1th th• charity is ewed. and we Sal￿ed Ih8t systems are In place to mlUg8ts exposure to the ri6k& struc￿re. govemance and management Thg tharity was ?slablish8(l as a Scotbsh Charttable In￿rp￿ted lTrganisation ISCIO} on the 12th December 2016 when 1hey were awonled th￿r charita￿e stalus by Th8 Office of Iho Scotush Charlty ￿Ul¥tOr {OSCRI. Try •r& w • roglstgrsd th•nty. SC047040. The Trustses 59tygd d￿n9 Ihg yo8r a￿1 up to thg dgtg of $Ign8￿re of the ffflandal statements ware: Truslees are re(*ulted through contaGts ￿￿1 bus[no￿ rglallonsh￿>S of tIK• ¢Ur￿l trust•as. Any proposed rthy trn8tg0 Is d18eussod al the next moeting ol thg Iruslees and a vtstè is easl tD aA)rovè appoknlm8nt. Th8 alm Is to cTrat8 a board ofTnJslees Ihe nece&3ary ￿￿11$ lo develop 8ThJ run the ¢harty. WHITELEYS RETREAT TRUSTEES REPORT (coKnNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 There w¥¥ ¥ Board of 7 trusla88 who meet querterfy to the ongolro progress And aims of the tharty. The daY4￿daY manog8m8nt Is carrled oth by dèwelopment 8nd daily op8ratkJn of th8 charfty. Is asslsted bookin re$Fqt¢ brn#￿. communty aworeness and fundraising. r8p¢xts to tho Boanl both in ond ¢xrt of meetYig8 whon d•dslcffi$ mu$l bo SFproved. Is roswn$lbtg for s ol part4irro staff wtho hdp kn With ts exception ol the Chief Execuuvè. vA)o v￿unta0red her full-lime semces from 2016 to 2020, the Board of Trust8é$ are all vtsluntsets vtho recebK no remunerakn. expw*o$ or othgr bgngflt from thglr w¢xk undgrtaklThJ their role as TNstO85 of the charfty. conn￿00n be￿￿en a trustee of Ihe charity and an extern￿ uwyrts#tlon Ihol k tran88clTrJ wlth the charfty rThJ5t be discbsod to the ful board of INSts￿. The trustees re rtwa5a roved b the Board of Trust•gs. iust£e 24 Septombgr 2025 WHrtELEYS RETREAT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WHITELEYS RETREAT I report on the ffinanc5al6tatsw￿nts of the CF￿￿tyft￿rth• year •nd¥d 31 Decen*•r 2024. whkh are 8et (xrt on page8 5t017. RMp•ctive r05ponslbllltl•s ol Tn￿t••$ and •xamln•r The charftys Trustees we responsib18 for the pr8par8tion of tlw finandal stat8monts In accordanco vAih tho te￿5 of the Ch*ities and Twstee Investment IScg>Uandl Act 2005 and thè CharNfjès Acwunts IScoUBndl Regulations 2006. The charlty Trustees o)n8ider that Ihe audit ￿quir￿M￿l of WuW)n 1011K¥kl¢l ol thg Ch￿11￿ Acuunts {S¢ollarKI) R*BulalJons 2006 thes Trot apply. It18 my rn8porwlbllty to ¥xgmlM thg financial statsmDnts ès wulrèd undor $8¢tbn 44<111¢> of the Charftlg8 and Tw8ts& Inv•stment IScotlandlAci 2￿5 and to stat8 whothor partlcLlar mattors havo ¢omo to my #ttenfjon. B*sl$ of Ind•p•nd•nt •xarnln•f8 •tst•m•nt My •xamln8tlon 18 eanl•d out in accordance with Regulalon 11 of th8 Chartllos Arxwnts (Scotlandl Rogul810 2006. An examlnatlon Indu¢Jes a re￿9W of the aoxunung rgGoTds kept by the charlty and a (xxnparfson of Ihe I￿￿cIal P￿$Onl•d thtss• records. It also Indudes con3ideTal'on of any unusual item8 or di?cloJwg3 in the )Inancial statsments, and Egoknng •xpl8natbws from th• trustees concerning aty suth mattw8. The pro¢odur•s undertakèn do not provid8 all Iha evKJ8nc8 Ihat bo r•qulrod In an audit 8T￿ consequenuy I d¢ not OXW8ss an audlt c¢)Irkn on the vlvw gfven by thg flnan¢S¥l slotsmerts. Ind•p•Thd•nt •xamln•rf$ •Litomont In the courst of my eXa￿nalkIry no matt&r has (ono to my attfjnti 1. whlth gives me re£son£ble cause to beleve Ihat In any mat•Tial r•spoct lh8 roquirernents.. to keep accounting rnc>)rds in 8¢cordan¢e wjih Sectlon 14(1Xal of the Charilres and Trustee Inyestrnent IScoUandlAct 2005 and Rggulauon 4 tsf Ihg Ch•dfj8s A¢￿Unts IScDtlandl Regulations 2006, and to prepare ftnanclal staternerts whl¢h aecord wlth tha 8CCt)uning rac￿rdS and comply wElh Ro9￿all(￿l 8 of th8 Charit￿AC￿Unts IScx)Yand) Regul8llon$ 2008 hove rnt been mel. or 2. to whlch, In my opinion. attention shouhj bo (Iravm In ordor to ￿#blO a proyr Und0￿ndIng of th• finandal ilf/s_ WHITELEYS RETREAT STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrn81rlet•d R•strlctgd fund8 fund• 2024 2024 Tolal Unr•stt1¢t•d RMtrt¢tsd lunds fvnd$ 2023 2023 Tolal 2023 Incom• and •ndowments fr¢xM: Donatk)ns andlggados Ch8rttabl8 advhlos Investments OtfAr Ino)m8 242.309 73.307 315,616 375,524 576 66,762 442,286 576 2.825 2,825 3,685 Total Incom• 245.862 73.307 319.169 379,785 66,762 446,547 Exp8ndltur• on: Ra151ng funds CharKablo 29.224 185.312 29.224 228.210 34.190 195.078 34.190 235,992 40.898 40,914 Totsl •xp•ndttur• 214,& 40,898 255,434 229268 40,914 270,182 N•t In¢om• 31,326 32,409 63,735 150,517 25,848 176,365 Trdnsferé be1w￿n frjnds 1540) Net movement In funds 10 30,786 32,949 63,735 150.517 25,848 176,365 R•conclllatlon of funds: Fund balarTh6 at 1 J8lliWry 2024 1.354.758 56.889 1.411,647 1.204,241 31.041 1235282 Fund balanG•s at 31 D*￿M￿r2024 1.385,$44 89,838 1,475,382 1,354,758 56,889 1,411￿7 The staternent of finanrjal activrfies includes el gains and l¢Ksg5 rg(¥)gni5gd In tho yvr. All Incomo •YndI￿r8 derive from ccffrtinuinp $¢YvlUos. WHITELEYS RETREAT BALANCE SHEET ASAT 31 DECEMBER 2024 2•24 2023 Not•5 Flxod ••s•ts Tanglblts 0$8¢ts 14 914,003 905,449 Current •8•et• Debtors Ca$h •t bank and In har 15 4,723 2,749 515.955 ,787 518.704 Credttorn: amounts falllng du• ¥Athln on• y•ar (8.408} I12.￿6> 561,379 SfJS.198 Total ￿•t* I•￿ cun•nt Il*bllfj•¥ 1.475.382 1,411,647 The funds olthe Char Restsictad ir*>)ma funds Lknr8s1rlct8d funds 17 18 89.838 1.385.544 56,889 1.354,758 1.475.382 1,411,647 The fln8ndal ststsmènts were approved by the Tmstees on 24 Sèptember2025 stee WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ounllng poll¢l•• Charlty Inlorm•tlo Whiteleys R8treat is a Scottish Charitable Incorporated Organisation ISCIOI. Thè princlpal office Is The 1.1 A¢countlng ¢onv•ntlon Tho a¢￿ul)ts bggn pr8pargd In aCc￿￿anC8 vAth th8 diarws Cxjnsilttrtkjn. the #nd Twstee Invéstmènt IScE)tland} Ad 20OS. th& Charfllgs Accounts (SGoVand} Regulatlons 2006 las amended) and °ArKounting and Rowiting by Charlllx Stslement of Recommended Pr8Ctice appIC8b￿ lo thaiilies prepariTrJ thelr accounts in aC￿rdanCe with Ihfy FIn￿¢191 RowJrUng Standard applicablo In th8 UK 8rn1 Rep￿11¢ of Ir•l•nd IFRS 1021 leffècfvè 1 January 2019). Thè chBIlty Is 8 Putsl￿ B8n8fit Entty as d8fin8d ty FRS 102. Tho charity has takon thanlago of tho provwons In ts SORP for th9r1t￿8 aFptylrg FRS 102 UF418tg Bull81kn 1 not to prepare a Statement of Cash Flows. The fflnandol slatoments are Prepared kn stsrlng, whi(* Is tho fun¢llon81 curnncy of tho charfty. mO￿tsry amounts finartlal stat8m•nts aro rounded to the nearest £. Thg ￿n￿￿￿1 $tsttynents ha￿ pr•par8d undar the hlstorfcal cost convenuon. The prindpal arzounllng poSiag8 adoptsd are sel out below. 1.2 Golng COn￿M Al th• of 8ppYovlng Ilw ffin8n¢ial statamgnts. tha Trusto8s havo a roAsonablg •xpoctation Ihal tho charity has adffjuatg r¥sour¢e$ tr) ¢on￿nUe kn 0para￿Onal axlst8nc8 tr the fmseeabl8 fubJr8. Thus the Tm$té•s continue to adopt the going concern basis of acGounting in pIPpa￿ng the flnanclal stslanents. 1.3 Charftsblo funds Unrestricted funds are available fLY us8 at 1hg 1th8GTetion of th¥ Trustsgs In furthfjro￿ of th¥lr thorlt*Jlg obJ8cllv8s. Desigroted fund8 ￿MPriSe furKl¥ whlth havo bew s¢t 88hJo ¥t thg dlseretlon of Ihe TNslees for 9pedfic pUry>0￿$. ThÈ puwptJsès and usès of thè d8￿gr￿tsd funds ara set ￿Jt In the TrJt8S to the flnandal stat8m8nts. R•thd•d fvrbJ$ arè $ubl8¢t to spèdfic eonditlons by don0￿ or grantors as lo how they may be used. Th8 pu￿068$ and uses ofthe reslrfjc￿ fun¢s arg $ot out In tha no*$ to lh8 fnanclal 51at8monts. 1A Incom• Incorne 15 recogni88d ￿trn the chartty18 *81ty anlttbd toll aft•r any pgrfomi8ncg ￿nd1￿¥ ts8￿ m8L the a￿unt& can tse rneasured rdlabty, and il is probable that income VAII bg r•c81v￿. dondcrt arn rn¢))gnl$￿ on r¥¢•lpL Other donations are recognised once the charity t￿8 been nolffied of the donatFon, unlgSS Pgrforrnancg tyJndllons r¥qulrg dotsrral of tho arnount. Incorne tax r•cov6rabl8 In relation to donatiorts rècèlved under GfftAJd or de8ds d covonant is ro￿gnised at the timo of Iho ¢SJnation. Rovgnu6 gr8nts ar8 rnci*Jn158d In the SOFA when tho th¥￿ty has ènlllèmènt C8pItsI grants 8r8 also r8cognls8d In th8 SOFA wh8n the charfty ha5 endtlement., both are credited to reserves Js appr(yiale to the n•ture arml eondllcffls attachlng to the grant Fundrnl￿ng IrKome 18 Tecc4Jnlsed In the the ￿•r cl rn¢wpl gxcgpt for ¢¥ent Income where Inwme Is recognised when invoKed. WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢•untlTrvJ pollcl {Contlnu•d} Wo h8v8 a numb8r of partnws vtho suppty us With good8 aNI ¥eMces frge of ctsrgg. Th? aLwurts do not r8fi8et aly V8lu• aithor as incomo or oxp•ndiiure relating to $lthtlons. 1.5 ExpondStw• E￿eT￿lI￿re is indudod on an acmFly wth stslulory oblvJallon$. AII costs and ¢xp¥nw ars allocat•d 8S 8PFfopriate. 1.6 Tanglblè fix•d ass•ts TaThJit4e Ilx•d assets are Inltl¥ty me4swéd 8t C¥)St and sutWU8ntty measured al cost or valuaJon, not of dopr8dation and any irnpaSrm•nt losse5. DepTedaUon Is r•cognlsed 80 as to whte (rtriho cost or of a$sots f8ss t￿r r•sldval valuos over thdr useftd Ilves C￿ the follthryJ b&ses.' Freehdd land buildings Flxtur•$ fithng$ 2% stralght Iln 20% 8tral9ht tlne The gain or108s arising on the di5P08al of an a8xI Is det¢milned •$ the dfftrenw betsyen Ihe 88fe proceed8 thg Value of tho A66è(8nd 16 rè¢ognls•d In th• statThnl offlnando18dMI108. 1.7 knpalrm•nt of fix•d a8•0ts Al ¢8¢h rwrtlng dat8, th• charity rovi8w8 the wying ¥moLtnts of Ils tsngl)l• ass•ts to dètwmlne wh8lh•r thèrè 1$ any indication that those assets havè suffered ￿ Impaimènt loss. N any suth Induts exlsts, the TO￿￿bI9 anJ)unt of the as88t Is estjmated In order to detormtne lh8 axtant of lh& Impalm￿t 1088 Ilf any}- 1.8 Ca¥h •nd Ga•h •qulv•l•nt8 Cash and cash equlvalents Indthyo ¢ash In Mnd, dfrpogts hgld at CAN wHh bonks, other short-tsrm Ilqukl Inv•slmonls wlth ￿gIn•l malurfttès of months orloss. Bnd bank ov8rdrafts. Bank owordrafts aro shry wilttin t4)rrowings in current Ik?bilths. 1.51 Flnanclal Instrumvnts The th8rlty has electei1 10 appty Ih& [x0￿S1onS of S8ctk)n 11 '8ask Fknandal Instrum?nts' and Seclkjn 12 'Other Financial Instruments Issues, of FRS 102 to all of Its flnanaal ins*nrnents. Finand¥l knslnjmonts arn ro¢ognl$$d In th8 cha￿tyS baknce sheet whBn the charity becomes paity to ihg contractual provi6v)ns of the ￿3t[w￿￿L Financaal assets and li•bllll•s ar• offg•L vAth th• not 8mounts presented In the finandJ 5talernents. vthen th8re Is a legalty enforceable rtght to sei olllhe rg¢ryJnisgd amounts and ther6 Is an Intsrfon to $8tUe on a nei basls or to realt8e the asset and S￿19 Ihe li¥iMIty slmultsneously. WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polici•s {Ct¥ffjnu•dl aslc Iln•n¢l•lassets Basic fin8n(¥al 4$$gts. whlch In¢ludg dobtors and eash and bank baL9n￿s. are In￿1allY measured at tr8n$8ctbn prk• Indudng transaekn costs and arè subs￿u8ntty carrtod al amortisod cost using th8 8ff8ctiv8 Interest mèthod unless the arrnnoement ccn$Jlut89 8 financlng transa￿￿, where the transactsn L% measured al the wesent Yalu? 01 thg future rgo¥Trpts dIS￿U￿t9d at a mark•1 rats of Int*r0sL Flnarhdal #￿ts da6STfied as Teceivable wlthln on¢ year?rg nol amryli¥eil. B••l¢ Iln•n¢l•llkblHrf•8 8a61c flnanc4al liatllNles, Indudlng ¢rodltOT8 and bank ban$ am InibaFty rocognisod al tr8nsadon prico unl06S tho arranggmont C￿$￿￿rt¢S ¥ fln•ndng tr￿Sact￿trn. *•JhèrÈ the dèbt Inslnjment Is me8sur8rf 8t the presénl value of the fijture payThents discounted at a market rale of intere31. Financiaj liaLNlitieB classified as payabl8 thin one year are not amorb88d. Debt Instrumonts subsequenty caThied at amorlised C•JSt, U51TrJ Ihe effectwe inteTe5t rnts fTthod. Trade creditors are obligations to pay for goods or semces thBt have beon acquired in the ordinary course of OPgralknn$ from Sup￿￿•T$. Amounts payabl• aré classlfiod as current Ilablllt16s K poyrnenl Is due wthln one year or loss. If not. they are pr8s8nted as nonacurr8nt liabilili8s. Trade credltorB are recognised inltialty at price 5ubwu*ntty measured at am￿*Sed cost uslng the effective interest methcxl. Dere¢ognltlon of fina￿1•1 Ilablllth Flnandal Ilablkn'es ar• dar￿n￿OSed t**hon tho charftys oJntra¢#ual obllgaknns explre or are dl8charged or ¢an¢•ll$d. 1.10 Employ•• bèn•1 Th• cost of any unuBgd hDllday On￿1•mont Is rocognls•d In th• porfod in tr* •mploy••'$ s•rvlc•$ •r• Ternilnalon bènofits are recognlsed Imm6dlatèly as an expense whgn the charity is dDrThJnstratrAy commiitod to I•m￿nat& employrnont of 8n •mploy8e orto promdè tom1lnalic￿ benefits. 1.11 Rthfr•m•nt b•n¢fft• PayTnants to defined ccfitrljution retiromgnl bon8fft schomBs gro thargod as an 04)on60 as tsy fall d￿. Crlll¢al a¢¢ountlng utlmat•s and judy In the 8p￿iCatiOn of thB ch8rity8 a¢￿￿11￿0 polldè$. thè TNste•s 8r8 rnquir8d to mak8 ludg8m8nts. estlm8les and assump￿on$ atr￿Ul tho canwng 8mount of assets ond liabilit*s that org not rgad1￿ apporort from Qthor source8. The esfjrn?tss and a¥$¢¢l¥1gd •8sunyllon$ aro basod on hktorfcal experfoncè and othar factors that are considwed to ￿ relgv8nL Athial rgsults rnay diffw frw) th￿0 estlmalas. Thg ￿tiMate8 and undgrfying as8umpkn$ are rgvl¥w¥d on an ongoSng ba$ls. Rwlskn$ to a¢wunllng estimates are rec4n15ed In the pérfod In vthlth thè 8Stlmato Is rèvls8d wh8Y8 tho 8ff8cts only th8E period. or in the peliod cl the rfyvtslon fiJlur& p8rfod$ ￿*r8 th8 r￿SsIon affects both ￿rIen1 and perlc*a8. WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAfBER 2024 Income from donallon• and lfjgaGi un￿trICted Ro•trlctsd fun fund* 2024 2024 T¢)tsl Unwtrl¢tsd R•8trl¢t•d lunds funds 2D23 T¢)tsl 2024 Donalk>ns gffts Grants 242.309 4,000 69,307 248,309 69.307 375,524 15,887 50A75 391,411 50.875 242,309 73.307 315,616 375,524 66,762 442,286 D•n•llon• •nd glft• other donations Fundraising gvonls and campa￿n$ 128,275 4.(Y)O 132.275 304.917 15,887 320,804 92.984 21,050 92.984 21.050 56,932 13,675 56.932 13,675 242,309 4,000 246.309 375.524 15.887 391,411 South AyrshSr8 Councll The Bhj Lottery Splfox Wooden Spc¥Jn 18,910 27.500 18.910 27.500 28,875 22,000 28.875 22,( 22.897 22,897 69.307 69,307 50.875 50,875 In¢tyrn from charltabl• actlvStl•s Unmtrl¢tsd Unmtrl¢t•d funds fvnd• 2023 sal￿ th?ritabl• •¢tlvltt•s S818 of gocMIs In¢¢)m•from Investments uTrre8trlct￿ Unrn8trScted lund• fuTrd¥ 2024 2023 Intsr¢st r￿￿obl• 648 10- WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Oth•r InMm• Unr•strl¢t•d funds Totsl 2024 Greing In￿rne & kn￿¥bI? En•rgy 3,685 Exp•ndllw• •)n r•l•lng fund• Unmtrithd Unrmtrictsd funds funds 2024 2023 Fundral•lng and publlclty Stsglng funthAl$ing gvonts staff costs 28,856 27,730 29.224 34,190 11 WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Charltabl• a¢llvltl•g 2024 2023 Staff ¢0818 Ront & rBt•s Hoat & InBurance Td•phona. prlntlng. p)stsgo & stakn R•noVati¢￿. ropaiTr & maintsnan 58P91 6252 16.157 4251 3NO 18034 55,828 17,837 4.198 3.354 18.436 105,52S 102.733 Shar• of supp)rt ¢0sts1$09 not* 91 120,685 133,259 226.210 235,992 Analysls byfviml Unrgslrfcted lunds R88trtet8d lunds 185.312 40.898 195,078 40,914 226.210 235.992 For th• year ended 31 Decenthr2023 Unresthcted funds Restrlctèd fLmds 195.078 40.914 235.992 Support ¢o$ts •11o¢at•d to a¢lMtle¥ 2024 2023 Staff costs Depre￿at￿ Athruslng 8nd rna￿ RenoVatiC￿. rewr3 and maintenance Subxrtptlm$ Bank charges General expen8e3 58.091 19,905 11.651 24,486 3,110 55.829 19A78 16,869 33.553 3,183 335 4.012 3,337 105 120,685 133259 AnalyB•d beiw•gn: Ch8rllab]è a¢tNities 120,685 133259 12- WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 M•t mov•m8nt In ￿ndS 2024 2023 Th• not movwngnl In lun(Js 16 $tst¢d aft¢r ¢h8rglntylcThdSlng}: Fees payable forthe indeper¥Jent exaninatim of the cl)artty¥ flnandol ststemonts Dopr•d•lon ofovm•d l•NJt4¢ fix¢d 0$8ets 19.905 19,479 Ono of tho TruFlg9s (or any pgrscry w)n•¢tad t•Alh th8ml we￿ad romuneratlon dlrectly from th8 charfty during the year. Authortty for the remuneratlon was unanlmously granted by Ihg Board of TTUStso9 In Ilnè wlth tho Ch9rftys conS￿tU￿0n. The r•nKJnoration package totalled £70,21412023- £67.3641 whlch iiclJd8d emplO￿r p8nsion contn"butKJns of £1.321 12023 - £1,321). The remuneration packago was 8UPkX)rt¥d partlally by o ie8tr1ct•d dwotlon tr￿￿ The Big Lottery Fund. This sum is included ￿thIn re8tr1Gtsd lunds al note 17 rglatgd paty tr8nsg(thrts at notg 20. None of the Twslees {LY any persons c¢￿nthd wlth thernl r￿1¥8￿ relmbursemenl of exp￿Se5 bomè p¢r$on￿lY durtrrfd the ye8r12023- ona- £3001 . 12 Employ••¥ The average monthly number ol emF4oyee8 during th? Ye￿r￿s." 2024 Numb•r 2023 Num￿￿ Chlef Exe¢utSva FundrAi81ng SupF¢)rt Totol Employmont ¢￿ts 2024 2023 Wa9￿ •nd sal•rfes Sod81 seeJJrity ¢08ts other pension costs 133,752 8.438 2.848 128,855 7,761 2.771 14S.038 139.387 The nLThber rA èmpknyé￿ 8nnual r8mun8r8Uon was mora than £80.0 15 as follows.. 2024 Numb•r 2023 Numb £60,ChyJ- £70,000 13- WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 EnWoy••s (Contlnu•dl R•mun•r•tlon of k•y manag•m•nt p•r•onn•l The remuneratic￿ of key m•n8gement per8(¥)no1 was as fc4lows: Z024 20 Aggryts compensatlon 70.214 07.364 13 Taxatlon The chty is exew from taxation on it¥ athltlu becAu80 all tt8 Srwme 18 applied for cheiitatle purp0888. 14 Tanglble Ilxed lènd Plxtum •r Total Cost Al 1 J8rthry 2￿24 Addlkn)8 839,215 151244 27.919 990,459 28A59 At 31 Decwrbor 2024 179.163 1,018,918 D•Prnc￿on and Impalrn)ont At 1 Janu8ry2024 Depr•cl8lc•) ye 85.010 19,9)S 85,010 19,905 At 31 DeCern￿r 2024 104,915 104.915 a￿yIng amount At 31 December 2024 839.755 74248 914,003 At 31 December 2023 839.215 66234 905,449 The Twslees Leleve c06101 land and bjlldlngs to bo •wal to tho reslthal value and therefore no depYec4ation is tharged. 15 D•bta 2023 Amoun1• falllng du• wlthln ono y•ar: Pr•paym¢rt8 and •¢¢ruod kn¢ome 4,723 2.749 14- WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Cr•thtor4: •mounts tslllng duo wlthln on• y•ar 2023 Trade G￿ditorS Other credltors 1,520 6.888 8.643 3,863 8.408 12,S06 17 R•strl¢t•d fvnds The restricted funds of ￿ Gharfty eomprisa tho unexpended balance8 of dcffjatlon8 and grnnts held on trust $ublsct to $po¢ffk Cond￿"c￿6 by donors as to how thgy rnay bo us•d. Mov•m•nt kn fundB Irmmkn9 Tr•Mf•N 31 Il•¢wnb•r X4 The Wooden SpO￿- Wèlt47mo HUB N8b"onal Lottèry Community FurKI- Irryovlng I￿e8 Beach Wheekhair Initialr 21,B07 (4,3991 17,948 27,500 45.807 (27,5001 9,0001 35,082 71,889 $6.889 73,307 {40,8981 89038 The Wooden Spoun Swety awdriled a grant lowards th8 Waknme HU8 p￿e￿. bal￿Ge of £17.9481$ vAthln flxed assets bging (*preiyated over S ye8rs. The Nalorol Lottery Communlty FuTrJ - Imkyovlng Lwgs awar(IwJ a grant of £27.500 as a contrfbulbn trAYards salary costs of th? chi￿ Executive Officer Devehpment and Charity Offi￿r in 2024. Thi8 haB been fulty spent in the ￿rrent year in lirn wilh restrictions. The Beach WheelchalFS Inhlatlve Indude8 funds brDught forward for the b&ach whedchars, a holst and box traller Ythlch are 811 included 7•Mhin fixed 888ets. The fvnding r￿oI￿d Sn 2024 Indudes grant fuTrJing of £22,897 frorn Wooden Spoon Society, £18,910 frtsm South Ayrshlrè Council and £4.000 from Egger to fund storage LFnll to house the equlpment at the beath. The fixed a￿ats are b81ng doprodated over 5 years. Th8 balar￿ of£31.341 rash wtspenl and15 plann&Y to be ulllsed In Ihè currant Y￿1. 15- WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Unr•strlcted fund• D￿figna￿ funds Al 1 January 2Q24 InGomSng r•Bourc R•sourc•¥ •xp•nd•d Tr•n At31 Do￿￿b9r 2024 Pro)orty Fund Genernl ftjnds 241.559 1.113,199 141.S201 (173.2161 200,239 1.185,305 245,862 (5401 1.354.758 245.862 (214.5361 {540} 1.385.544 Pw•vlous y•ar. At 1 January 2023 In￿mIng R•sour¢•s rMgurG•¥ •xp•nd•d Tran$f¢ At31 D•cember 2023 Property Devekjpment Fund General funds 293,548 910.693 151.989) (177.279} 241,559 1,113,199 379.785 1,204,241 379.785 P29.2681 1,354,758 The truste88 dewgnated fund$ Into ¥ kng tsmi PrO￿ty d•vèbpm•nt f￿d. This ftmd is intgmalw ring fonc*d wbth the intsntion to exparKI on the resou￿8$ avalkble to Iho tsmllle$ and vlsltors to th8 Whlteleys Retr6at. The r8souTces ex￿nded rep￿Sents renovation 8nd repar5 ?xpen59d. 19 Analys1* L* net a$￿t5 b•twwn funds Unr•StrIct￿ R•slrlcl•d fund• fund• 2024 2024 2024 Al 31 D•t•mb•r 2024: Tangknle asse15 Cu￿ent assetslll1abllll￿Tr 855.S25 530.019 58.478 31,360 914.003 561.379 1,385,544 89,838 1A75,382 Unrestrlctsd R•¥trl¢t funds funds 2023 2￿3 Totsl 2023 At 31 D•￿mb•r1l23. Tangiblg 9s$9ts Curent 8ssetslOiabilibe81 856,4C 498,3 49,041 7,848 905.449 5D6,198 1.354.758 58.889 1,411.647 WHITELEYS RETREAT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 R•lat•d party transactlons Chl•f Exg¢utlvo Offl¢•r {CEO) The charity's Chief Ex•uJtlv8 Offlcer {CEO} rol8 Is fllled ty ofthe Trustses. For thè year to 31st Der*mbsr ?024 thSs role cOntin￿d to be a remunerdted role. The CEO was not Involved In any remungr8tion dIs￿$s1o￿$ and thg pa¢kog& wa$ approved by the trustees as a market rdle for the rde. The Retreat received $ donatlon from Thé ￿ Lottary Fund of whith £13.750 was to part fund the CEO rolo. TheBe sum¥ arg includgd WbthSn r¢strl¢t¢d fLmdg At notè 17. 17-