R.U.B. WHITE CHARITABLE TRUST
Trustees, Report
and Unaudited Financial Statements
for the year ended 31 December 2024
Registered Charity Number l 135303

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
INDEX
Charity information
Trustees, report
Independent Examiner's report
Statement of financial activities
Balance sheet
Accounting policies
Notes to the financial statements

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CHARITY INFORMATION
Trustees
Mr Robert Blower
Mr Stephen Harvey
Mr Peregrine Liltleboy
Mr Robert Partridge
Principal office
clo Charles Russell Speechlys LLP
5 Fleet Place
London
EC4M 7RD
Registered charity number
1135303
Independent Examiner
Geoffrey Frost
Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
P019 1SY
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Investment managers
Brewin Dolphin Limited
12 Smithfield Street
London
EC1A 9BD
Solicitors
Charles Russell Speechlys LLP
5 Fleet Place
London
EC4M 7RD
Page 1

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REPORT
The trustees have pleasure in presenling their annual report for the purposes of the Charities Act 2011, together with
the accounts for the period ended 31 December 2024. The truslees have adopted the provisions of the Statement of
Recommended Pra¢li¢e ISORP) "Accounting and Reporting by Charilies" (FRS 102) in preparing the annual report
and financial slatements of the charity.
STRUCTURE GOVERNANCE AND MANAGEMENT
R.U.B. White Charitable Trust is a registered charity constituted under a trust deed dated 30 January 2009 and
registered as a charity 30 March 2010.
The trust is controlled by the trustees. The power to appoint and remove trustees rests wilh the trustees.
On agreeing lo become a trustee of the charity, the new trustees are Ihoroughly briefed by the existing co-trustees on
the history of the trust, the day-lo-day management, responsibilities of the trustees, the current objectives and future
plans.
The trustees have assessed the major risks towhich the charity is exposed and are satisfied that they have established
effective controls over financial and other systems to mitigate those risks.
OBJECTIVES AND ACTIVITIES
The charily's objects are..
"To further such other objects or purposes which are exclusively charitable according to the law of England and Wales
in any part of Ihe world and in such manner as the trustees may in their absolule discretion think fit.
In pursuance of its objects for the public benefit, the charity's income and capital is applied in making grants to
charitable organisations amounting to £475,00012023'. £495,000) in the year to 31 December 2024.
In determining how the charity should pursue ils objects, the trustees have had regard to the Charity Commission's
guidance on public benefit.
ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW
Total income for the year amounted to £63,600 and comprised income arising on the charity's investments {2023'.
£65,476}.
Charitable expenditure in the year comprised grants to charitable organisations, bank charges and governance costs,
lotalling £515.687 (2023.. £560,728) while investment management fees totalled £4 12023.. £14,220) giving total
expenditure of £515,691 (2023.. £574,948}.
As at 31 December 2024 free reserves were totalled £2,003,144 (2023.. £2,449,730) to support Ihe charity's ongoing
grant making activities.
PLANS FOR FUTURE PERIODS
The truslees intend to utilise capital more subslantially with a view to winding up the trust in the next four years. In
light of this, the Iruslees do not consider unsolicited grant requests.
Page 2

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REPORT
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charilies in England & Wales requires the trustees to prepare financial statements for each
financial year which give a true and fair view of Ihe state of affairs of the charity and of the incoming resour￿$ and
application of resources of the charity for that period. In preparing these financial statements, the trustees are required
to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subjectlo any material departures disclosed
and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation
The trustees are responsible for keeping proper accounting records that disclose wilh reasonable accuracy at any
time the financial posilion of the charily and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Irust deed. They
are also responsible for safeguarding the assets of the Charity and hence fortaking reasonable stepsforthe prevention
and detection of fraud and other irregularities.
APPOINTMENT OF AN INDEPENDENT EXAMINER
During the year under review the charity remained below the audit threshold and the trustees retained Geoffrey Frost
of Blue Spire Limited as independent examiner. Geoffrey Frost has expressed his willingness to conlinue as examiner
to the charity provided the charity remains below the audit Ihreshold.
Approved by the trustees and signed on their behalf.
Robert Blower
Trustee
Date
l(&
Page 3

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
INDEPENDENT EXAMINER'S REPORT
Independent ExamSnerfs Report to the Trustees of R.U.B. White Charitable Trust
l Teport to the charity trustees on my examination of Ihe accounts of the charity for the year ended 31 December 2024
which are sel out on pages 5 to 13.
Responsibilities and basis of report
As the Charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements
of the Charities Act 2011 {'the Act.).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying
out my examination I have followed all the applicable Directions given by the Charity Commission under seclion
145(5){b} of the Act.
Independent examiner's statoment
I have completed my examination. I confirm that no material matters have come to my altention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the Act., or
the accounts do not accord with those records., or
the accounts do not comply with the applicable reqLtirements concerning the form and content of accounts set
out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give
a 'lrue and fair view, which is not a matter considered as part of an independent examination
I have no concerns and have come across no other matters in Connection with the examination to which attention
should be drawn in this report in order lo enable a proper understanding of the accounts to be reached.
Geoffrey
ros
BSclHons) FCA
Blue Spire Limited
Cawley Priory
South Pallanl
Chichester
West Sussex
P019 1SY
Date
Page 4

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF FINANCIAL ACTIVITIES
31 Oe¢ 2024
31 Dec 2023
Unrestrl¢ttd Unrestrlcted
Total
Total
Funds
Funds
Note
INCOME AND ENOOWMENTS FROM:
Inveslmenis
73.664
65.476
Total
73,6e4
65,476
EXPENDITURE ON:
Raising funds- Investment management fees
Charitable activities
14,220
560,728
515,687
Total
515,691
574,948
Nel gain51{lo$sesl on investments
5,505
151,246
Not Incomell•xp8ndlturel and movom&nt on funds
1436.5221
1358,2261
RECONCILIATION OF FUNDS
Total funds brought forward
11
2,449,730
2.807,956
Total lunds carrl•d fotward
11
2,013,208
2,449,730
None ol the charity's aclivilies were acquired Of disconlinued during the above financial years.
The charily has no fecognised gains or losses other than those de811 ￿th in Ihe stalement of financial a¢livilies.
Page 5

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
BALANCE SHEET AS AT 31 DECEMBER 2024
31 De¢ 2024
31 Dec 2023
Note
FIXED ASSETS
Inveslmenls- managed funds
1,945,937
2,423,864
CURRENT ASSETS
Cash al hand 8nd in bank
Debtors
Total curr•nt assets
175,475
10,064
185,539
54,011
4,641
58,652
CURRENT LIABILITIES
Creditors.. amounls falling due ¥￿thIn one year
Not currant assètsllllabllltlesl
10
118,268
32,786
67,271
2S.866
Nèl a$$•tsl(Ilabllltle51
2.013,208
2,449,730
THE FUNDS OF THE CHARITY
Unr¢$trlcted funds
2.013,208
2.449,730
Total charlty funds
2.013,208
2,449,730
The notes on pages 910 13 form part of the financial slalemenls.
The financial slalemenls on pages 5 10 13 we approved and aulhori5ed for issue by the Iruslees on
signed on their behalf by..
Cltk. i..O.c.t....a.o.a.5.......
and
Robert Blowef
Trustee
Page 6

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Gèn8ral Informatlon, scopè and basls of th¢ flnanclal statomants
The R.U.B. While Charitable Trusl is an unlncorporaled ¢harily consliluled under a deed ol selllemenl. The address of Ihe principal offi¢o1s
given in Ihe refeienee and adminlslralive details section and the nature of the charily's operations and principal aclivilies are given in the
trustees, report.
The charity ¢onslilules a public benefit entity as defined by FRS 102. The financi81 slalemenls have been prepared in accoTdan¢e with
Ac¢ounling and Repo￿.ng by Charities.. Slalemenl of Recommended Pr8¢1i¢e applicable lo Charities preparlng their accounts in accordance
wilh the Financial Reporting Standafd applicable In Ihe UK and Republic of Iie18nd issued in October 2019. the Financial Reporting
Standard applicable in Ihe United Kingdom and Republic of Ireland IFRS 1021, Ihe Charities Ad 2011, the Companies Acl 2006 and UK
Generally A¢¢epled Accounting Practice.
The financial slalemenls are prepared on a going concern basis under the hisloTl¢al ¢ost convenllon, modified lo include certain Items al fair
value. The finanelal slalemenls are presented In slerling whl¢h is the functional currency ol the chafily and rounded lo the nearest £.
The slgnificanl ac¢ounling policies applied in the preparation ol Ihese financial slalemenls are set out below. These policies have bee
consislenlly applied lo all years presented unless olherwlse slated.
Cash flow $tsl•ment
The charity does not include a slalemenl of cash Ilows on the grounds thal11 Is applying FRS 102 Section 1A.
In¢omlng resour¢8s
All incoming resources are included in Ibe Statement ol Financial Acllvilies ISOFAI when the charity Is legally enlilled lo the income after any
performance condilions have been met, the amount can be measured reliably and il is probable (hal the in¢ome will be received.
Investment income is earned through holding assets for investment purposes such as shares. 11 in¢ludes dividends and interest. Where it is
ol practicable lo Identify inveslmenl management costs Incurred within a scheme with reasonable accuracy the inveslmenl income is
reported nel of these costs. It is included when the amounl can be measured reliably. Interest income is recognised using the effe¢live
inleiesl method and dividend and ienl income is recognised as the charity's right lo receive payment is eslabllshed.
R&sources &xpended
All expenditure is a¢¢ounled for on an accruals basis and has been classified under headings Ihal aggregate all costs related lo the
category. Expendilure is recognised where Ihere is a legal or conslru¢live obligation lo make payments lo Ihird parties, il is probable that the
selllement will be required and the amount of Ihe obligation Can be measured reliably. 1115 calegorised under the following expendilure
headings..
Raising funds,. Ihese include inveslrnenl management fees charged by Ihe charity's inveslmenl managers
Charitable aclivities.. these include granls lo third parlies and the ¢osls ol administering the ch8rlly inclusive of governance costs
Grants payable lo Ihird parties are within the charitable obje¢lives. Where un¢onditional gronls are offered, this is accrued as soon as the
recipient is notified of the grant, as this gives rise lo a reasonable expeclalion that the recipient wlll receive the granls. Where granls are
condS1ional relating lo performance then the granl is only accrued when any unfulfilled conditions are outside of the control ol the ¢haTIIy.
Support and governance costs are Ihose that assist the work of the charily bul do not direclly represent charitable aclivilies. They are
incurred directly in sUPPOrt ol expenditure on the objecls of the charity. Governance cosls are those incuired in the governance ol Ihe charity
and primarily asso¢ialed with the conslilulion and s(alulory requirements.
VAT
The charity is not registered lor VAT and 15 unable lo recover VAT incurred. On this ba51s costs are recorded Inclusive of VAT wilhin the
SOFA.
Taxation
The charity is considered lo pass the lesls sel out in seclions 521 to 536 Income Tax Act 2007 IITA 20071. as such no In¢ome tax is payable
on the charity's aclivilies.
Page 7

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Investmènts
Inveslmenl8 are recognised initially al fair value whl¢h is normally Ihe Iransaclion prl¢e eKcluding Iransaclion costs. Subsequently, they are
measured al fair value wilh changes re¢ognlsed in 'nel gains I Ilossesl on inveslmenls, in the SOFA if the shares are publicly Iraded or their
fair value Can othe￿iSe be measured reliably. Other Investments are measured al cost less impairment.
Vvhere investments are denomlnaled in currencies other than Slerling, Iransaclions are Iranslaled at Ihe fate prevailing 81 the dale ol the
Iransacllon and year end values are calculated usbng the exchange rale prevailing 81 the year end.
Debtor$ recelvablg and ¢redilors payabl• wlthln one year
Debtors and creditors v￿th no staled inlttresl rale and receivable or payable within one year are iecorded al transaction pri￿. Any losses
alising from Impairment are recognised in expenditure.
Cash and cash equivalents
Cash and cash equivalenls includes cash al bank and in hand and cash balances within the investment portfolio available for investment
Iransaclion purposes.
Fund accounllng
Unreslricled Income funds are available for use al the discretion ol the trustees in furtherance ol the gener81 objectives of the charily and
which have nol been designated for other purposes.
Golng concern
The financial slalemenls have been prepared on a going concern basis as the Iruslees believe that no material uncertainties exist. The
Iruslees have considered the level ol funds held 8nd Ihe expe¢led level of income and expendllure for 12 months from authorising these
rinanci81 slalemenls. The budgeted in¢ome and expenditure is sufficient wilh the level of reserves for (he charity lo be able lo continue as a
going concern.
Page 8

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
1, Income Irom Invastments
31 Dec 2024 31 Dec 2023
Unre$trlct8d Unrestri¢t•d
Tot81
Total
Funds
Funds
Income from Investments
Interest receivable
71,498
2,166
73,664
58,597
6.879
65,476
2. Expèndlture on ral$lng funds
31 Oèc 2024 31 Doe 2023
Unrestricted Unr&strlcted
Total
Total
Funds
Funds
Investment management fees
14,220
14,220
3. Expendltur• on charitablg actlvltles
31 Dac 2024 31 D&¢ 2023
Unr&strlcted Unr¢$trlct8d
Total
Total
Funds
Funds
Granls (see note 41
Tr8nsaclion charges
Support and governan￿ costs (see nole 51
475,000
45
40,642
515,687
495.000
65,728
560.728
4. Grants awardgd to Instllutions
31 Dèe 2024
Unr&$trlcted
Total
Funds
31 Dec 2023
Unre5trict•d
Total
Funds
Disabllil Assislance
Back Up
Canlne Partners
Dogs lor Good
Fighl for Sight
Henshaws Society for Blind People
Orbis
10,000
10.000
10.000
10,000
10,000
10,000
60.000
10,000
10,000
10,000
10,000
10,000
10,000
60.000
Tolal caffied down
60,000
60.000
Page 9

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
4. Grants awarded to Instltutlons Icontinuedl
31 O&c 2024
Unrestrlct*d
Total
Funds
31 Dec 2023
Unrestricted
Total
Fund$
Tol81 brotsghl down
60,000
60,000
Hos
ices an
Palli81ive Ca
SI Francis Hospl¢e
Sl Luke's Hospice
Sl Clare's Hospice
Farleigh Hospice
Marle Curie Cancer Care
Sue Ryder
Greenwch & Bexley Communlly Hospice
Hospice UK
20,000
20,000
20,000
20,000
20,000
20,000
20,000
70,000
150,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
10,OOQ
150,000
Medical Rese8rch
Bowel Cancer UK
Brain Tumour Charlty
Brain Tumour Research
Macmillan Cancer Support
Medical Detection Dogs
Proslale Cancer UK
Target Ovarian Cancer
10,000
5,000
5,1100
10,000
10,000
10,000
10,000
60,000
10,000
5,000
5,000
10,000
10,000
10,000
10,000
60,000
oVe￿eaS Aid
Brlllsh Red Cross- Gaza Appeal
British Red Cross- Ukraine Appe81
Disasleis Emergency Commlllee - Tuikey-syria Earlhquake Appeal
Disasters Emergency Commillee - Middle East Hurnanilarian Appeal
Help Tbbel Tiusl
Internalional Rescue Commi(lee- Alghanlslan Appeal
Medicins Sans Fionlieres IUKI
Molivalion
Operation Smile UK
Cohere Charity (Xavier Pfojecll
MSF (Sudan Appeal}
10.000
10,000
10,000
20,000
10,000
10,000
10,000
10.000
10,000
10.000
10.000
5,000
10,000
10,000
10,000
5,000
10,000
75,000
95,000
Povert Relier
Chelsea Physic Garden Community Outreach
Crisi5
Help the Homeless
Jamle's Farm
Sl Mungo's
Swilcht>a¢k
The Big Issue Foundation
The Conne¢lion ISI Martin in the Fieldl
The Salvalion Army
5.000
15.000
15.000
10,000
15,000
15,000
1 S,000
15,000
15.000
120.000
5.000
15,000
15,000
10,000
15,000
15,000
15.000
15.000
15.000
120,000
Tol81 carried down
465.000
485,000
Page 10

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
4. Grants awarded to Instltutlons Icontlnuedl
31 Dec 2024
Unreslrl¢t&d
Total
Funds
31 Dèc 2023
Unrastrlcted
Total
Funds
Total brought down
465,000
485,000
Other
Essex Communlty Foundation
10,000
10,000.00
10,000
10.000
Total grants
475,000
495,000
5. Svpport and governanc8 cost5
31 Dec 2024 31 Dgc 2023
Unrestrictèd Unr•strlcted
Total
Total
Funds
Funds
Charles Russell Speechlys fees- adminislralion of the charily
Charles Russell Speechlys fees- legal lees
Trustees expenses
Indepen(tenl examiner's fees (See nole 6.1
25,156
13,545
21
1,920
40,642
41,567
22,382
129
1.650
65,728
6. Independgnt &xamlnor's remuneratlon
31 Dec 2024 31 Dgc 2023
Unr•strlcted Unrèstrlct&d
Total
Total
Funds
Funds
Independent examine¢s lees- examinalion fees
Independent examiner's lees- olher accounting services
Independent examiner's lees- under accrual prior year
1,560
240
120
1.920
1,440
210
1,650
7. R•lated party tr8nsactlons
Fees payable lo Charles Russell Speechlys. for whom one of the charily's trustee5 is a consultant and another is a partner with the firm, are
aulhorised under secllon 4 01 Ihe Iru$l deed dated 30 J8niJary 2009. Fees are included with support and governance costs in note 5 with
£4.57112023'. £3,658) accrued the balance sheet dale in respect of fees payable lo Charles Russell Speechlys.
The charity ha5 no employees, all odminislration being Carried out by the Iruslees. None of the Charity's Iruslee5 were remunerated with one
Iiuslee receiving Ir8vel expenses lolalling £21 12023.. £1291.
Page11

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
8. Flx•d asset Investmonts- managèd funds
31 Dgc 2024 31 Dec 2023
Market value brought forward
Addilions al ¢o$l
Disposals al Carrying value
GainllLossl on revaluation
Mark¢t value cairlèd fonvard
2,423,864
8,716
1488.4911
1,848
1.945,937
2,387,699
2.353,703
12.420,501)
102,963
2,423,864
GaIn￿(losses) on investments..
31 Doc 2024 31 D8c 2023
Unrealised gainslllossesl on Inveslmenls
Realised g8inslllossesl on investments
1,848
3,657
5,505
102,963
48,283
151.246
9. Debtors
310ec 2024 31 Dèc 2023
Total
Total
Funds
Funds
Awued income- inleresl in¢ome on cash inveslmenls
10,064
10,064
4,641
4,641
10. Cr¥dltors: amounts falllng du& wlthln one year
31 Dèc 2024 31 Dec 2023
Total
Total
Funds
Funds
Accruals - independent examiner's lees
Accruals - investment management fees
Accruals- Charles Russell Speechlys lees
Accrued grants
3,360
337
4,571
110,000
118,268
1,440
2.939
18.407
10,000
32,786
11. N&t movgment In funds
Total fund$
brought
forward
Total
In¢oming
re$ources
Total
resourc9$
expèndéd
Galn$l
Ilossesl on
investments
Total funds
Carried
forward
Unreslrlcled funds
2.449.730
2,449,730
73.664
73,664
1515,6911
1515,691}
5,505
5,505
2,013.208
2,013,208
Page 12

R.U.B. WHITE CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
12. Flnanclal InstrLFmenls
The carrying amounts of Ihe charity's financial instruments are as folltsws".
310ac 2024 3109¢ 2023
Total
Total
Funds
Fund$
Financial assets
Measured al 1311 value Ihrough nel incomellexpendilurel..
Fixed asset investments
1,945,937
1,945,937
2,423,864
2,423.864
The income. expense, nel gains and nel losses allribulable lo the cha¥ity'5 financi81 Instruments are summari5ed as follows..
31 De¢ 2024
31 Dec 2023
Unrestri¢t&d Unrestrlcted
Total
Total
Funds
Fund5
Income and expense
Financial assets measured al lair value through nel incofflellexpendilurel
Investment In￿Me
Investment m3n8gemenl lees
71,498
141
71,494
58,597
114,2201
44,377
Net gains and losses {including changes In falr value)
Financial assels measured al fair value through nel incomellexpendiluiel
Unrealised gainslllossesl on Inveslmenls
Realised gainslllossesl on investments
1,848
3,657
5,505
102.963
48,283
151,246
Fixed as5el investments are held at fail v3lue wlh valuations obtained usin918sl traded or closing midlbid market pii¢es as available.
Page 13