Charity number: 313214
The Hale Trust
Unaudited
Trustees. report and financial statements
For the year ended 31 March 2025

The Hale Trust
Contents
Page
Reference and administrative details of the charity, its trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
7-12

The Hale Trust
Reference and administrative details of the Charity, its trustees and advisers
For the year ended 31 March 2025
Trustees
Guy Humphry-Baker, Chairman
Stuart H. Paterson
Mrs Rachel Newns, Treasurer
Mrs Charlotte Wilkinson
Mrs Sarah Henderson
Mrs Heather Kelso
Charity registered number
313214
Principal office
The Answer Centre, Albany House, 14 Shute End, Wokingham, Berkshire, RG40 1 BJ
Accountants
Kreston Reeves LLP, Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG
Independent Examiner
J A Peach, Kreston Reeves LLP, Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG
Investment Advisers
Rathbones Investment Management Limited, 8 Finsbury Circus, London, EC2M 7AZ
Page 1

The Hale Trust
Trustees. report
For the year ended 31 March 2025
The Trustees present their annual report together with the financial statements of the Charity, The Hale Trust
for the year ended 31 March 2025. These have been prepared in accordance with statutory requirements and
Statement of Recommended Practice, "Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(SORP 2019)" effective 1 January 2019.
Objectives and Activities
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the charity commission relating to public benefit.
The objectives of the Charity, as established in the governing document dated 5th March 1970, have been to
award bursaries and grants to enable beneficiaries to pursue education, and to provide financial assistance to
any charitable voluntary organisation the objects of which are directed to advancing the education of, or
improving the conditions of life for beneficiaries by developing their physical, mental and moral capacities
through their leisure time activities.
Achievements and performance
REVIEW OF ACTIVITIES
The Trustees are empowered to apply the income, after expenses of management, and at their discretion, the
whole or part of the property of the Charity to beneficiaries, who have not attained the age of 25 years, for the
promotion of education or training in Kent, Surrey, Sussex and Greater London.
INVESTMENT POLICY AND PERFORMANCE
Total income from invested funds amounted to £34,263 (2024 - £38,745).
Net gains on investments in the year were £21,408 (2024 - gain of £73,335). Net cash oufflow of funds after
direct Charitable Expenditure and Administration costs was £10,957 (2024 - inflows of £30,802).
Total charitable expenditure was £58,306 {2024 - £62,261), which included charitable distributions of £45,171
(2024- £50,250).
An analysis of charitable distributions is given in the detailed notes to the Accounts.
Financial review
GOING CONCERN
After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. The Trustees have taken into
consideration the current global uncertainty and the impact of this on the investment portfolio in making this
decision. For this reason they continue to adopt the going concern basis in preparing the financial 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 Trust
Trustees. report (continued)
For the year ended 31 March 2025
Structure, governance and management
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
RISK MANAGEMENT
The capital of the Trust has been invested in stocks and shares and is managed by Rathbones Investment
Management Limited, the Trust's Investment Advisors. The investment portfolio is under constant review by
them and the Trustees. The main risk is the general state of the UK and world economy and the affect it has
on the value of the investments. The Trustees consider that to minimise the risks, as far as possible, a prudent
investment strategy and adequate controls are in place.
On regular basis, a formal appraisal of investment risks is carried out by the Trustees assisted by the Trust's
investment managers to ensure the Trust continues to invest in a manner that balances capital growth with
income available for distribution.
The Trustees are of the opinion that the Charity has sufficient resources to meet its Charitable objectives.
The Trustees do not receive any remuneration.
TRUSTEES. RESPONSIBILITIES STATEMENT
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 AC￿pted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming
resources 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 (FRS 102).
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to 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 are sufficient to show and explain the
Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
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 trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
This rep
s approved by
e Trustees, on 7 November 20
and signed on their behalf by:
Guy
ak
hainnan
Mrs Rachel Newns. Treasurer
Page 3

The Hale Trust
Independent examiner's report
For the year ended 31 March 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HALE TRUST (the 'Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March
2025.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an Independent examiner's report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
the Charity and the Charity's Trustees as a body, for my work or for this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 Act,).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions 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 prepared the accounts in accordance with Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued
on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January
2015.
I have completed my examination. I can confirm that no matters have come to my attention 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 2011 Act. or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements 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 'true 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 to enable a proper understanding of the accounts to be
reached.
Signed:
Il.,u 2t4ies LL
Dated: 7 November 2025
J A Peach
FCA
Kreston Reeves LLP, Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG
Page 4

The Hale Trust
Statement of financial activities
For the year ended 31 March 2025
Total
Total
unrestricted unrestricted
funds
funds
2025
2024
Note
INCOME FROM:
Investments
Other income
34,263
38,745
300
TOTAL INCOME
34,263
39,045
EXPENDITURE ON:
Investment management fees
Charitable activities
Other expenditure
11,679
45,171
1,456
10,511
50,250
1,500
TOTAL EXPENDITURE
58,306
62,261
NET EXPENDITURE BEFORE INVESTMENT GAINSI(LOSSES)
Net gainsl(losses) on investments
NET INCOME I (EXPENDITURE) BEFORE OTHER RECOGNISED
GAINS AND LOSSES
(24,043)
21,408
(23,216)
73,335
(2,635)
50,119
NET MOVEMENT IN FUNDS
(2,635)
50,119
RECONCILIATION OF FUNDS:
Total funds brought forward
1,333,574
1,283,455
1,330,939
1,333,574
TOTAL FUNDS CARRIED FORWARD
The notes on pages 7 to 12 form part of these financial statements.
Page 5

The Hale Trust
Balance sheet
As at 31 March 2025
Note
2025
2024
CURRENT ASSETS
Investments
Cash at bank and in hand
1,274,641
60,488
1,272,430
71,444
1,335,129
1,343,874
CREDITORS: amounts falling due within
one year
(4,190)
{10,300)
NET CURRENT ASSETS
1,330,939
1,333,574
NET ASSETS
1,330,939
1,333,574
CHARITY FUNDS
Total unrestricted funds
10
1,330,939
1,333,574
TOTAL FUNDS
1,330,939
1,333,574
The finan
statements were ap
roved by the Trustees on 7
ovember 2025 and signed on their behalf, by:
Guy
mphry-Baker
airman
Mrs Rachel Newns, Treasurer
The notes on pages 7 to 12 form part of these financial statements.
Page 6

The Hale Trust
Notes to the financial statements
For the year ended 31 March 2025
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) -
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a "true and fair" view 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 involved following the Charities SORP (FRS 102) published
on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of
Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Hale Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value with the exception of investments
which are measured at market value.
No statement of cash flows has been provided as the charity is small under the Charities SORP
(FRS 102).
The financial statements are presented in sterling and rounded to the nearest £1 .
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one
activity and support costs which are not attributable to a single activity are apportioned between
those activities on a basis consistent with the use of resources. Central staff costs are allocated on
the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the Charity's educational
operations, including support costs and costs relating to the governance of the Charity apportioned
to charitable activities.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as
a commitment, but not accrued as expenditure.
1.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.
Page 7

The Hale Trust
Notes to the financial statements
For the year ended 31 March 2025
Accounting policies (continued)
1.5 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that
the Charity anticipates it will pay to settle the debt or the amount it has received as advanced
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 the Charity and which have not been designated for other
purposes.
Investment income
Total
unrestricted
funds
2025
Total
unrestricted
funds
2024
Investment income - local listed investments
Bank interest receivable
33,884
379
38,531
214
34,263
38,745
Total 2024
38,745
Investment management costs
Total
unrestricted
funds
2025
Total
unrestricted
funds
2024
Investment management fees
11,679
10,511
Total 2024
10,511
Page 8

The Hale Trust
Notes to the financial statements
For the year ended 31 March 2025
Analysis of expenditure on charitable activities
Total
unrestricted
funds
2025
Total
unrestricted
funds
2024
Educational Bursaries
Distribution to Educational or Charitable Bodies
28,356
16,815
22,400
27,850
45,171
50,250
Total 2024
50,250
Other expenditure
Total
unrestricted
funds
2025
Total
unrestricted
funds
2024
Independent Examiner's Fee
Sundry
1,260
196
1,500
1,456
1,500
Total 2024
1,500
Page 9

The Hale Trust
Notes to the financial statements
For the year ended 31 March 2025
Grants Payable
2025
2024
Activiteens
Build Up Foundation
CASE
City Escape
Drama Expressions
Edenbridge Primary School
EHAS
Friends of Holcot
Friends of Teal
Fun 4 Kids
Hindleap Warren - Funded Trips
Hindleap Warren - Various Items
Kent Enterprise
Parallel Youth Enterprise
Scamps in Surrey
St George's Youth Club
Summer Adventure for Inner Londoners (SAIL)
The Dandelion Trust
Team Tutsham
Tower Hamlets Parents Centre
Up n'Away
William Robinson Gravetye Charity
Young & Inspired
21 Together
1,000
1,000
2,000
1,000
750
1,000
1,000
2,000
1,500
1,000
4,250
2,850
750
1,000
1,000
750
1,000
3,000
5,000
2,815
2,000
1,000
1,000
1,000
1,000
1,000
2,000
1,000
16,815
27,850
Net incomel(expenditure)
During the year, no Trustees received any remuneration (2024 - £NIL).
During the year, no Trustees received any benefits in kind (2024 - £NIL).
During the year, no Trustees received reimbursement of expenses totalling £N IL (2024 - £Nil).
Current asset investments
2025
2024
Listed investments
1,274,641
1,272,430
Creditors: Amounts falling due within one year
2025
2024
Accruals
4,190
10,300
Page 10

The Hale Trust
Notes to the financial statements
For the year ended 31 March 2025
10. Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at
1 April 2024
Gainsl
{Losses)
Income Expenditure
Unrestricted funds
General Funds
1,333,574
34,263
(58,306)
21,408
1,330,939
Statement of funds - prior year
Balance at
31 March
2024
Balance at
1 April 2023
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General Funds
1,283,455
39,045
(62,261)
73,335
1,333,574
Total of funds
1,283,455
39,045
(62,261)
73,335
1,333,574
Summary of funds - current year
Balance at
31 March
2025
Balance at
1 April 2024
Expenditur
Gainsl
(Losses)
Income
Unrestricted funds
1,333,574
34,263
(58,306)
21,408
1,330,939
Summary of funds - prior year
Balance at
31 March
2024
Balance at
1 April 2023
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
1,283,455
39,045
(62,261)
73,335
1,333,574
Page11

The Hale Trust
Notes to the financial statements
For the year ended 31 March 2025
11. Analysis of net assets between funds
Analysis of net assets between funds - current year
Total
unrestricted
funds
2025
Cu rrent assets
Creditors due within one year
1,335,129
(4,190)
1,330,939
Analysis of net assets between funds - prior year
Total
unrestricted
funds
2024
Current assets
Creditors due within one year
1,343,874
(10,300)
1,333,574
12.
Related party transactions
There were no related party transactions during the current or prior year.
Page 12