Charity number." 313214
The Hale Trust
Unaudited
Trustees, report and financial statements
For the year ended 31 March 2024

The Hale Trust
Contents
Page
Reference and administrative dotails of the charity, its trustaos and advisers
Trustees, report
Independent examinerfs report
Statement of flnanclal activities
8alance shèet
Not8s to the flnancial statements
7-13

The Hale Trust
R￿erence and administrative details of the Charity. ts trustees and advisers
For the yoar ended 31 MarGh 2024
Trustees
Guy Humphry-Baker, Chairman
Stuart H. Paterson
Mrs Rachel Newns. Treasurer
Mrs Charlotte Wilkinson
Mrs Sarah Henderson
Mrs Heather Kelso
Charlty reglstored number
313214
Principal offic8
Ryefield, Dairy Lane, Crockham Hill, Edenbridge. Kent, TN8 6RA
Accountants
Kreston Reeves LLP, Springfield Hijuse, Springfield Road, Horsham. West Sussex, RH12 2RG
Independent Examinor
J A Peach. Kreston Reeves LLP. -8pringfipld Hoiise. Springfield Road. Horsham, Wost Su66ex. RH12 2RG
Investment Advisers
Ralhbones Investrnent Management Limited, 8 Finsl)ury Circus. London. EC2M 7AZ
P3Je I

The Hale Trust
Trustees. report
For the year ended 31 March 2024
Th8 Trustees present their annual report together with the financial ststemgnts of the Charity. The Hale Trust for
the year 8nded 31 March 2024. These have been prepared in accor(iance wf(h slatutory requirements and
Stat8ment of Rec￿rnended Practi￿, 'Accounts"ng and Reporting by Charities preparing their accounts in
accordance wlh the Financial Reporting Standard aoplicable in the UK and Republic of Ireland (FRS 102)
ISORP 201g)° effecttve 1 January 2019.
Objective¥ and Actlvities
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance
published by the charity commissron relating to public benefrt.
The objectives of the Charty. as eslablish6d in thg goveming document dated 5th March 1970. have been to
award bursaries and grants to enable beneficiaries to putsue education, and to provide financtal assistance to
any charttable volLtntary organisats'on the objects of which are directed to advaniing the education of, or
improving the conditions of life for beneficiaries by developing their physical, mental and moral Gapacities
through their leisure time activitiès.
Achievements and perfomiance
REVIEW OF ACTIVITIES
The Truslk*eb are empowere¢J to apply Ihe income, after expenses of manageTnent, and at their discretion. the
whole or part of the propety of the Chanty to beneficiaries, who have not attain8d the age of 25 years. for the
promotion of education or training in Kent. Surrey. Sussex and Greater London.
INVESTMENT POLICY AND PERFORMANCE
Totsl income from invested funds amounted to £38.745 {2023 - £42.466).
Net qains on investment8 in Ihp. yoar wore £73.335 (2023 losaeg of £04.300>. NeL inflow of Tunas after
direct Charitable Expendrture and Administration costs was £30,802 (2023 - inflows of £5,470).
Total charitable expenditure was £62,261 (2023 £64.162). whth included charitable distrtbutions of £50,250
{2023 - £54,253).
An analysis of charitable distributions is given in the detailed notes to the Accounts.
Financial review
GOING CONCERN
After making appropriate enquiries, the tTUSlees have a reasonable ex￿CtatIOn that the Charity has adequate
resources to continue in operational existence for tre foreseeable future. The Trustees have taken into
cfjnsideration the current global uncertainty and the iTrpact of this on the investment portfolio in making this
dcci8ion. for this redbull Uiey conllnue to a¢Jopi the going concem basis in preparing the ffinancial statements.
RESERVES POLICY
There are no ongoing commitments for management expenses and it is. therefore, considered that it is not
necessary to provide a reserves policy.
Page 2

The Hale Tn￿t
Trustees. report (continued)
For the year ended 31 Mar¢h 2024
Structure. govemance and managoment
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the Charily is the responsibility of the Trustees who are elected and coopted under the
temis of the Trust deed.
R18K MANAGEMENT
The capital of the Trust has been invested in St￿ and shares and is managed by Rathi)on8s Investment
Managemellt Limited, the Trust's Investment Advisors. The investment portfolio is under constant review by
them and the Trustees. The fflain risk is the general state of tha UK and world economy and the affect it has on
the value of the investments. The Trustees o)nsider that to minimise the risks, as far as possible, a prudent
investment strategy and adequats controls are in place.
On regular basis. a fo￿￿81 appraisal of investment risks is carried out by the Trustaes assisted by the TnJst'3
investment managers to ensure the Trust conb'nues to invest in a manner that balances capital growth with
incotne availat￿e for distribution.
The Trustees are of the opinion that the Charwty has sufficient resources to meet its Charitable objectives.
The Trustees do not recèivo any remuneration.
TRUSTEES, RESPONSIBILITIES STATEMENT
The Truslees are responsible for preparing the Truste>s' rekK)rt and the financial ststements in accordance with
applicknble law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AcGounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
•aeh financial year which givc a true and fair Yiew of the State of affclllb uf ilie Gharlty anu of the incoming
resources and application of reSoU￿eS of the Chatity for that period. In preparing these financial statements. the
Trusiees are required to:
Sel￿t 8Uitable aGcounting FX)licies arKI then apply them consisienuy;
obberve the methods and principles in the Charitse5 SORP {FRS 102);
mAkp judgments and accounting e£timato2 that are rcasonable and pnjdent"
state whether applicable UK A¢xountng Standards {FRS 102) have been followed, subjecl to any material
dapartures disclosed and explained in the finanoal statements.,
prepare the finanaal statoments on the going concern basis unl8ss it is inappropriate to presume that the
Charity will continue in operatior).
The Trustees are responsible for keeping proper acccAJnting records that are sufficient lo show and explain the
Chartys transactions and disclose with reasonable accuracy at any time the financial position of the Charity and
enoblc thcm to enaure that the financial 5tateiii¥iils WlTiply wilh the Charltles 2011, the Lharity (Accounts
and Reports} Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding
the assets of the Charity and hence for taking reasorpble steps for the prevention and detection of fraud an
other irre
larities.
s approv
Trustees, on 15 Novemb
024 and signed on their beha￿ by:
umphry-Bake ,
ir5 Rachel Newns. Treasurgr
Paje 3

The Hale Trust
Independent examiner's report
For the year ended 31 March 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HALE TRUST (the 'Charlty')
I report to the Chanty Trustees on my examination of the acc￿nts of the Chan'ty for the Sear ended 31 March
2024.
This report is made solely to the Charitvs Trustee& as a body. in accordan￿ wtth Part 4 of the Charities
(Accounts and RerKJrts) Regulations 2008 My work has been undertaken so that I might state to the charit￿s
Trustees those matters l am required to state to th￿n in an Independent examiners report and for no other
purpose. To the fullest extent P8nnitted by law, I do not accept or assume reswnsibility to anyone olher than the
Charity and the Charit￿S Trustees as a boty. for my vhyk or for this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the Charity you are responsible fcr the prepar8ts.on of the accounts in accordance wilh the
requirements of the Charities Act 2011 (Vie 2011 Act.).
I report in respect of my examination of the Chariws accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed all the applicable DIre￿.OnS given by the Charity Commission
under section 145(5){b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the Charity has Jrepared the accounts in accordanTr with A￿OUnting and
Reporting by Charities. Stalement of Recommended Practi￿ applicable to chantses preparing their accounts
aGcordance with the Financial Reporting StaE]dard applicable in the UK and Republic of Ireland IFRS 102) in
preference to the Accounting and Reporling by Charities. Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulats'ons but ￿S been wthdrawn.
l understand that this has been done in order for the accounts to [￿0VIde a true and fair view in accordance with
the Cenerally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I can confirm that fjo matters have come to my attention in connection with
Ihe examination giving me cause to believe thal in any material respecL"
accounting records were not kept in respect of ihe Chanty as required by section 130 of the 2011 Act., or
the accounts do not ac￿rd with ihose iecords" or
th8 accounts do not comply wth the appli¢aè.le requirements CA)n￿ming the form and content of
accounts sèt out in the Charities (Accounts and Reports} Regulatsons 2008 other than any requirement
Ihat the accounts give a Irue and fair view whic*) is mt a matter considered as part of an independent
examination.
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enabk a proper urKlerstanding of the accounts to bp rp.Ar.hp.d.
Signed..
Il.,k etsuÉs LLP
Dated: 15 NOVem￿r 2024
J A Peach
FCA
Kreston Reeves LLP. Springfield House
Springfield Road
Horsham
West Sussex. RH12 2RG
P￿e4

The Hale Trust
Statement of financial activities
For the year ended 31 March 2024
Tolal
unrestricted
funds
2024
Total
unrestricled
funds
2023
Note
INCOME FROM:
Investments
Other income
38,745
300
42,466
TOTAL INCOME
39.045
42,466
EXPENDITURE ON:
Investment management fees
Charitable activities
Other &xpenditure
10,511
50.250
1.500
8,709
54,253
1,200
TOTAL EXPENDITURE
62,261
64,162
NET EXPENDITURE BEFORE INVESTMENT GAINSI{LOSSES)
Net gainsJ(lossesl on investments
NET INCOME I (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS
AND LOSSES
123.216)
71335
(21,696)
(84,300)
50,119
{105,996)
NET MOVEMENT IN FUNDS
50,119
(105,996)
RECONCILIATION OF FUNDS:
Totsl funds brought forward
1,283,455
1,389,451
TOTAL FUNDS CARRIED FORWARD
1,333.574
1.283.455
The notes on pages 7 to 13 fonn part of these ffinancial statements.
Paoe 5

The Hale Trust
Balance sheet
As at 31 March 2024
2024
2023
Note
CURRENT ASSETS
Investments
Cash at bank and in hand
1.272.430
71,444
1.246.263
40,642
1.343.874
1,286,905
CREDITORS: amounts fallin9 due ￿thIn
one year
(10.300)
(3.450)
NET CURRENT ASSETS
1.333.574
1,283,455
NET ASSETS
1,333.574
1,283,455
CHARITY FUNDS
Total unrestricted ftjnds
10
1.333,574
1,283,455
TOTAL FUNDS
1,333.574
1,283,455
The fina
statements were ap
Vgd by the Trustees o
November 2024 and signed on their behalf, by.
Guy
mphry4ak
, Chaimian
rs Rachel Newns. Treasurer
The notes on pages 7 to 13 fom part of these financial statemants.
Page 6

The Hale Trust
Notes to the financÈal statements
For the year ended 31 MarGh 2024
Accounting pollcie5
1.1 8asls of preparation of financial statements
The financial statements have been prepared in accordan￿ wtth the Charities SORP (FRS 102) -
Accounting and Reporting by Charities: Statement of Recommended PraGtice applicable to Gharities
preparing their ac(xJunts in accordance wrth the Financial Reporting Standard appli(xble in the UK
and Republic of Ireland (FRS 102) (etfecltve 1 January 2019), the Financial reporting Standard
applicable in Ihe UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The finanaal statements have tEen prep&ed to gtve a Irue and fair Mew and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true
and fair view. This departure has involvedfollowing thg Ch3rities SORP IFRS 102) published on 16
July 2014 rather than the Accounting ard Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 whiGh has sin(2 been withdrawn.
The Hale Trust meels the definits'on of 8 public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value with the exception of inveslments which
are measured at markel value.
No slatement of cash flows has been prOV￿￿ed as the charity is small under the Charities SORP
(FRS 102)
The ffinancial statements are presented in *terting and rounded to the nearest £1.
1.2 Incom8
All In￿me is recognised once the Charity has entitlement to the income. it is probable that the
income will be re￿iVed and the amount of inC￿Me receivable cxn be measured reliably.
1.3 Expendlture
Expenditure is recognised On￿ there is a legal or construckn've obligation to transfer economic
benefil lo a third party, it is probable that a transfer of economic benefits will be required in
setmement and the amouTrt of the obligatson can be measured reliably. Expendtture is dassified by
activity. The Gosts of each activity are rnade up of the total of direct costs and shared costs,
inGluding support costs involved In unoertaking each activty. Direct costs attn'butable to a single
aclivity are allocated directly to that actNity Shared ￿sIS whith contrtbute ta mnre than one activity
and support costs which are not attributsble to a single activty are apportioned be￿een those
activities on a basis consistent with Ihe use of resources. Central staff costs are alloc8tÈd on the
basis of time spent and depreciab'on charges allocated on the portion of tho asseys use.
Costs of generaling fijnds are costs incuned in attracting voluntary income. and those incurred in
trading activibes that raise funds.
Chatilable activities and Govemance costs are costs incurred on the Charitys educalional
operalions, including support costs and costs relatinq to the govemance of the Charity appnrtionpd
to charitable aGttvities.
Grants payable are charged in the year wien the offer is made except in those cases where the
offer ig conditional. such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to condits'ons which have not been met at the year end are noted as a
commitment, but not accrued as expenditup.
1.4 Interest receivable
Interest on funds held on deposit is indueed when rec£ivable and the amount can be measured
reliably by the Charity: this is nomially upon not[fica￿n of the interest paid or payable by the Bank.

The Hale Trust
Notes to the financial statements
For th8 year endod 31 March 2024
Accounting policies (continued)
1.5 Cash ai Bank and in hand
Cash at bank and in hand indudes ￿$h and short temi highly liquid investments with a short
maturity of three months or less from the date of acquisilion or opening of the deposit or similar
account
1.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance ghoet date as a result of a past
evenl. il is probable that a transfer of economi¢ benefit will be required in settlement, and the
amount of the settlement can be estimated reliably. Lsabilities are recognised at the amount that the
Chartty anticipates It will pay to setue the i*bl or the amounl it has received as adVan￿d payments
for the goods or services it must provide.
1.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of Charity and which have not been designated for other
purposes.
Invostment Ineome
Total
unrestricted
funds
2024
Total
unrestricted
funds
2023
Investment income - It)cal listed investments
Dank inl¢r¥&L i¥￿1¥<1￿1￿
38,531
214
42,447
19
38,745
42.466
Total 2023
42,466
Investmont management costs
Total
unrestricted
funds
2024
Total
unrestricted
funds
2023
Investment management fees
10.511
8,709
Total 2023
8.709
Paoe 8

The Hale Trust
Notes to the financial statements
For the year ended 31 March 2024
Analysis of expenditure on charitable actfvities
Total
unrestricted
funds
2024
Total
unrestricted
funds
2023
Educational Bursanes
Distribution to Educational or Chantable Bodies
22,400
27,850
21,000
33,253
50,250
54,253
Total 2023
54,253
Other experKliture
Total
unrestricted
funds
2024
Total
unrestricted
funds
2023
Independent Examinees Fee
1,500
1,200
Tolal 2023
1.200
PaJe 9

The Hale Trust
Notes to the financial statements
For the yoar endgd 31 March 2024
Grants Payable
2024
2023
Activiteens
Asdon Jazz Academy
Build Up Foundation
Caldecott Foundation
CASE
City Escape
Drama Expressions
Ed8nbridge Pnmary School
EHAS
Friends of Holcot
Frtends of TEAL
Fun 4 Kids
Hackney Quest
Handicapped Children's Action Group
Happy Kids
Hindleap Warren - Funded Tnps
Hindloap Warren- Various Items
Kent Enterpnse
Kids in the Swllight
Kias N'Aciion
Kids Space
Oxted School
Parallel Youth Enterprise
Scamps in Surrey
St George's Youth Club
St Silvan's Area Charity
Summer Adventure for Inner Londoners (SAIL)
The Clockwork Charttabl8 Trust
The HeJe Foundalion
Tools4Teens
Tower Hamlets Parents Centre
Treasured Moments
Up n'Away
William Robinson Gravety8 Charity
Young & Inspired
21 T(KJether
1,000
700
1,000
1,000
1,500
2.000
1,000
2.000
1.000
750
1,000
1,000
2.000
1.500
1.000
700
1,000
2,700
1.000
750
700
700
5,000
3.581
4,250
2,850
750
700
750
1,000
672
1,500
1.000
1,000
750
500
1,000
1.000
750
9DO
700
750
700
1.000
1,000
1,000
1,000
1,000
27,850
33,253
Net incomel(expendilure)
During trt9 year, no TrUstcC￿ received ary remuneration (2023 - £NIL).
During Ihe year. no Trustees received any beneffts in kind {2023 - £NIL).
During the year. no Tnjstees re￿iVed reimbursanent of expenses totalling £NIL {2023 - £Nil).
Pago 10

The Hale Trust
Notes to the financlal statements
For Iho year ended 31 March 2024
Current asset investrnents
2024
2023
Listed invesknents
1.272.430
1.246.263
Credltors- Amounts falling due wlthin one year
2024
2023
Accruals
10,300
3,450
Pag811

The Hale Trust
Notes lo the financial statements
For the year ended 31 MarGh 2024
10. Statement of funds
Statement of funds - current yèar
Balance at
31 March
2024
Balance at
1 April 2023
Gainsl
(Losses}
Income Expenditure
Unrestricted funds
General Funds
1,283A55
39,045
{62,261}
73.335
1,333,574
Statém@nt of funds - prior year
Balance at
31 March
2023
Balance at
1 Apnl 2022
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General Funds
1.389.451
42.466
(64,162}
(84,300) 1,283,455
Total of funds
1.389.451
42,466
(64,162)
{84,3001 1,283,455
Summary of funds - current year
Balance at
31 March
2024
Balance at
1 April 2023
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
1.283.455
39,IM5
(62,261)
73,335
1,333,574
Summary of fund5 - prioryear
Balance 3t
31 March
2023
Balance at
1 April 2022
Gainsl
(Losses)
In￿rne Expenditure
Unrestricted funds
1,389.451
42,466
164.162}
(84,300) 1,283,455
Page 12

The Hale Trust
Notes to the financial statements
For the year endod 31 March 2024
11. Analysis of net assets between funds
Analysis of net assets between funds - cuThont year
Total
unrestrlcted
funds
2024
Current assets
Creditors due within one year
1,343,874
110,300)
1,333,574
Analysis of net assets between funds - prior year
Total
unrestrictad
funds
2023
Current assets
Creditors due within one year
1.286,905
(3,450)
1.283,455
12. Rolatèd party transadion8
There were no ieldlltd party transacDons Ounng me cu￿ent or prior yEar.
Page 13