Hall's Exhibition Foundation
Financial Statements
Year ended 31 March 2021

Hall's E.xhibition Foundation
Financial Statements
Year ended 31 March 2021
INDEX
P2tre Nos
Tntstees, Report
Ststcmcnt of Financial Activitics
BalEtnce Sheet
Notes to the Balance Sheet
Examiners report

Hall's Exhibitiou Foundation
Charity Retststration Ni umber:
325128
Correspondence Address:
4 Bewick Close. Snettibham. Kin17's Lynffj PE317PJ
Aflministrator:
CJHolt
The Tn]strccs have pleasure in presentin(F their T￿￿tel￿, Report artd the finaneial statements of the
chatily for the y￿[ eiidcd ) l March 2021.
Stjtement of trustees, respoosibilities
chai.ity law reqiiire% the Trt￿le￿ lo prepare accounts ivhich lyive a true and fair vicw of tl)e charity
and ot-its income aELd eXF￿nditUre for the financ￿1 year. In doing so the TNstees are required to.'-
Selcct suitable aLcounting policies and apply them consi5tcntly"
Make judgctncnts and estimates that are r&winable and Prudent.
State wlicthci applicable accounting standards have been folloNITed, subjcct lo any TtTraÉeriAI
departures disclosed and explaincd in the financial stat£tnenL%"" and
PKpare tlre fllwiciai statcments on the going concern basis unless it is inappropriate to
presume thai the charity H411 conlinue in operaiion.
The TtL151ees are responsible for maii)taining proper dccountin(v ￿CordS ivhicli disclose ivith
asonable acciirncy at any time the fin8J]cial position of the elmrity and which enable them to ensure
that Ibc accounts comply with the Chariiies Act 2011. They dre also responsible for safegu<Erdiiig Ihc
a&%els of the charity and hence for takill￿ reasonable steps for the prevention and detection of fraud
and other irre￿￿1￿rities.
Legal status & organisation
The Foundation is 2 reiiisteted charity (Charity h'uniber 325128). The goveming documents of Ihe
Foui)dation are the Schemes of the Charity Commissionets dated 2 June 1915. 6 September 1974 and
22 S£pteit]ber 1987.
Prtne
l Bankers
Barclai'.% Bank PIC
42 HEJI Strect
Hunstanlon
NorfoIk
PF.36 5AQ
I￿v￿[ment Advisots
BlackRock Investment
Management (UK) Limited
33 Kino William Street
London
EC4R 9A3
Accoiii)tanls
Mapu5-Smith & Lemmon LLP
48 Kintr Street
King's Lynn
Norfolk
PE30 IHE

Hall's Exhibition Foundation
The Foiiildation is an unincorpor<iled associ￿lon and is administered by duty appointed Trustees l￿b0
for the yLar ended J l MJrch 20? I were as folloiis=_
E N Stanton
P Norris [Chainnan]
Mr E Lan&iford
Mr M Wri-ht tWIce Chairn?an]
Lady M Ponder
AJCave
l Devereux
Mi N Madgyctt
. M Hoivard
Mr P Sbeerin
The Trustees meet during the yrar lo review and n)[u￿t (he affdlfs of the Foundalioii. Incoming
TnL8tees are £2ppoinled by a resolution of the Trustee.$ passed at aTn15tees' Tneetinv. The Trustees are
respon%ible tor the governance of the charity and en%ute ihat it putsu&s the objccts for Vlhicb it was
founded.
Objectives aTrd activitiw ofthe charity for the publte benefit
The object of the Fowidation is to alloc4ite its income lor the bLiicfil of Ihc cducation of yoiinu pcople
in Snettishain between the ages ot I l and ?5. Ediicational tYraT)IS Ttiay dilso be made at the Trustces.
discretion to local thcalional estsblisbments which serve Snettisham student
TheTn￿ge$ bave badregardio the Charity Commi&sion's.(Juld¢in￿ on public beE]efit2ndhave sought
to cnsurc that all activitics undcrtaken have been in line with Ihc charity'5 objectives.
Achievements and perfomallte
Diirinn an exceedingly difficult year livints with Covid 19. the Foundation has managed 10
support the many pupils and sthdents who I￿re not been able to get their Full cducatioyj within
thcir cduLational uslablishmcnls but havc bad to work from bomc.
All the S￿dents (Tot their full ￿ants and the Foiindation made special allow2( nce to ciiablc the
University students to get their second balf of theii gtant withoui haviii(y io ￿et 0￿1ClaI
confirmazion from their respeetive coursc ttitors ihat Ihey bad orwill bavc complctcd tbeir thll
year's coiir5e suLc£5sfully.
In cellain cases, special awards were given 10 cn2blc io work from homc to purcl)ase equipment
to ellablc them to follow their practical course from home.
An award of £9,0(K) IYMS given to the local village Primary School to enable all 18 pupils in Year
7 10 have Iheii own petsonal laptops and inrernet conllection for home lean)ing.

Hall's Exhibition Foundation
Financial Reviem., InTrestment policy and Resern'es
The d￿ched dncLEments demonstrate in financial ternls the actlvities of the eharity for the past y&?1.
As can bc SC¥n the Chariiy has an exccss of income over expenses in thc Lurreni year of £3i,322
compared iyith at] CXLthS of £68.777 in the prev104L% Ye￿. Thcr¢ ar¢ _￿InS in thc ycai on in￿￿tMent
asse￿ ot"£J43.800 comp&red to a loss of £2iO.989 li) ?020.
Thr Lharity retains slltYiLicnÉ rcseTres to mect its indirect charitsble expendits]re for a period of at least
12 months. The direct charitable expenditure is mostly mLi with Investment incotne and rent on tlie
c3n%totRe quany and adjoining land.
Reserves policy
The TnLSteeq' policy ts twofold:_
all myalties received from the cxtrdclion of carrllonc al thc Foundation'5 quany are applicd to
the Permanent Endowneni Capithl Fiind. because the quarrv is a w&siino asset and the Trustees
wish to have established an equivalent asset wben the quarry 15 exhausted
all othcr incotne is available for distribution to studLmts. In ccrtain years applications for
arL not su£Yicicnt to utilisc thc iTtcome and a balancc is carried forwar(L th,hich the Trustce5 hopL
will be paid out in ￿rants in Futu￿ yeats. -IThe TrUSt￿S do not ￿1$h to haTre lartre fliictuations in
the value of indii'idiol grants from year to year and therefore apprectate that there ll'ill be an
undistributcd balance on theAccumulated Income Fund for a numbcr of years. In ts.me this fvnd
will be utilised to compcnsate for the loss of quary income.
Investment policy
The Trustccs, pollcy on investtnent is a prudent approach which combines"
maintenance an(L if w>ssiblc, enhancement ofthe value olinvested funds:
adequate financiat return: and
mtnimisin£ risk.
To this end theTrUS￿ have appoinlcd ini'eslment￿VIs0￿ to manaoc the in%'esttnentof [L￿￿S. Funds
are inve5tted in Chartnco Charishare Distribution Units.
The Trustees are satisfied with the trdnsaclions of the Foundation and its fitwicial position as at
J l March 20?1 &s sho￿￿ tn the accompanyino accounts.
Sign
C"hairn]an
Sigmed
Tn￿tee
Dale..
Jc J4 JoJi

Hall's Exhibition Foundation
Statement of financial activities
Year ended 31 March 20?1
AtcwnulxtÈd Endoivment
F-und
FuRd
Total
20?1
20?0
Incvmino resources
Invcstmcnl income
Bank and oilier inteiesi
R￿1 on Carrstonc Qii?L ny and adjoiDinr* land
l)JaTry infill andothcrtharfres
Radio Mast rent
Oiher- UK powerN¢¢w()tk
Oiher-M¢Cau"
.herty DonaliLin
56.774
56.774
55.275
S77
12,500
35.171
25,181
16.060
5238
?1?
40
2S,181
16.060
212
Tot81illcorniryg resoiirtt5
103.617
103.617 IIS,771
Rcsourcts expended
Adminib1raior's salary
AdMin￿lF￿1￿['S e.xpvnses Ip￿•1. t¢lwboDe ¢lc]
Accouiitancy tCLS
c$r￿lI% JpprovLd ￿1nd P411d dur2nu yL7r_-
liid1￿IdullI￿ Il¢%s rryaynients]
Scl)oolslOr(Yiini&itiOllS
Pr(plL%%ional
3.9(K>
244
648
3,840
409
630
244
63503
63.503
45.115
Total resour1*5 expended
68295
49.994
Net iIKon)JIig resOUrcL￿ for yCaT bcfiire
other re￿>E￿iKe￿ Ea1￿,110sSc￿)
35022
35,)22
68.777
other recouni5ed g2in5
ILA)kY.%yfJdlliS on Iiii'r5tmtiil assets"
130518 ￿45,8￿ 1750,9891
Net movenient in ￿ndS forthe year
48.604
i30.51S 379.122 1182.2121

Hall's Exhibition Foundation
Balance sheet- 31 March 2021
2021
Ffftied A&stÉS
Itttrestments
1.507.406
Current.1￿etS
Banktsal&Kes
Debiot
24? 676
I I.IK>3
?Oi290
Curre￿¢ tAabilitie$
Cr¢ditOTS and a¢¢waL%
118,6i5)
118.6351
Net 1155ets
? ts86￿0
1,707 128
Represented Bv:
PemianLmt End0￿me￿I FttThd
1.431.43?
.100,914
Aecumutated Income FutMI
644.818
606,214
?,0862iO
1.707.128
Approved by tEEeTru5tee5 Qn.......
signed OD their bthaifbv:.
TTU5L¢¢
Administra

Hall's Exhibition Foundation
INotes to the financial statements - 31 March 2021
Accountinv policies
The Iindncial blalemLnts are prepared in accordance with applicable JCLOLinting s￿ndal{l& dnd
on the IMSIS that the charity can continue to opera:e &s a going coiicern. The Tnistees bcli¢kc
this b&sis to bc appiopriatc as the Fotu)dation has sulfieient funds available to fLtLancc its
operations for the foreseeable future.
The financial statcmellts of the ¢l)arity. which is a public b￿nefIt entity under FRS 102,
have been prepared tn accordance with the Chariti¢s SORP ( FRS 102) ' Accounting and
Reporttn(F by Charities.. Statement of Recornmciidcd Prnctiec applieable lo charttics
preparintr their accounts in accordance with the FinaTEcial Rcportin¢r Stand2Td applieable
in the UK and Rcplkblic of Iieland ( FRS 102) ( effective l January 2015), Financial
Reportin(y St<indard 102 . The Financial Reportino Siandaid applicable iti the UK and
Republic ot Ircland" and the CharEties .4cL 2011. The financiaE statctnenls have been
prcpared undei- rhe historical cost COn￿ention wilh th¢ cxccption of Investrn￿}tS which are
IDcluded al nthrket value. as modilied by the revaluation of eertaiti assets.
iiii) Inveslment gaiDS d losses include 8ny
ain or Ios5 on the sale of investments and Any oain
or loss resulting from revaluing investments to market value at the end of the vear.
iv)
Investments quoted on a rccogniscd stock cxchangc air valued at market value at the ycar end.
All income is recooni.sed in the sta￿￿ent of Financial Activitics once the charity knas
entitleD]ellt to the funds; it is pmbable that the income ivill be received and the amount
can be measured Teliably.
vi)
Liabilities are recognised as expenditure as soon as thcrc is a I¢￿￿] or constructiN'c
obliqalion committii)g the cliarity 10 that exi)enditure. it Is probable that a transfer of
economic benefits 14.ill bc iequited io settlement and the amount of the obl(gation can be
measured reliably. Expenditure is accounted for on an accruals basis and has been
classified ulldcE headings that aggtcgatc all cost relatcd to the category.

Investments
Book Yalue
l April ?020 Purchases
Book valve
Marktl i'alue
Markct N'Jlue
Ch*noe
31 hlarth 2021 31 March 2021 31 rch 2020 in ?car
PerniTrnent Endowment
Cb)riiico
Charishare
49,140
1.686,533
-i0.349
11 ?09)
1.3i4,806 3J1.727
628215
330.518
JnromeA¢cumulations
Chariiico
40.￿)
30.0(MI
40.(KM)
30,(KIO
43,719
(1.050)
72.R63
7iO.897
750.897
1.851206
1507,406 343,8(
Previo￿% yeaT
750.897
750,897
1.507,406
1.758.i95 (250.9891
The book vdlue of invcstmcnts at ) l March 2021 rqjresents thc TnaTkct valuc as at Mawh 1985 witli
subsequent additions at cost.
In addition to the above fiAed asset investments, the Foundation owns tbe Snettisbam ca￿$t￿lle
Qu<1lry 1nd the surrounding land which arose from the benefactors donation many years aoo. It is
not possible to place a tnarkct value on thc quarry as Ihc Trustccs have no intention of di5POSLllts of
Èl an(l. in <1ny Casc, disposal would rcquire Charity Cotnmission approval. In view of this, and the
unusual nati￿C ol- the asse4 a fom]al valuation is not Considered pra¢tical or Tneaningful.
CoiL%equently the qu1ry is not shown in the balance sheet_
Permanent Endowment Fund
2021
?020
BalanLc broughi Forward
1.100914
1.34I,8S?
Excess fur year
(LO&￿¢SYGOinS on invcstrncnt as5cIs
330.518
{240.9681
Bnlxnceearried fonvard
1,431.432
I,IIKb,914
Accumulated Income Fund
Ba]ancebrought forward
6(kn.?14
Nci movetnent funds forthe YLW
Balance cthrrled forward
651,818

Hall's Exhibition Foundation
Independent examiners, report
ITe report on the accounts of the Ttust for the ycar elided 31 March 2021 which are set out on pageb
3to6.
Re.YpecÉike respoJi.¥ibilitie.% ofin1.t1e￿ aiid£iuminer
The charity's tftist¢es arL responsibl¢ for thc preparation of the acco[Jr￿. The chaiily's ttuslccs
conqidei. Ihat an audit is nnt required forihis yeaF (under section 144(2) ofthe Charities Act 2011 (Ihe
2011 Act). and that an indepcndcut cxatDiDation is needeiL
It is our rcsponsibilkly to:
examine tlie accounts (under seclion 14) of the ?01 l ACL
to follow the procedures laid dollm in the Genml Directions given by ihe Charity
CotXllnissioneTS (under section 145(5)(b) olthe 201 l ACL and
to state ivhether particular marters have c¢xnc to our attention.
BuFi.s oJ"indcpcnclenl exaniineis'Tepoit
My examination was carried out in accordance with the General Dircctions given by tIiL Charity
Coinmi5sioners. An examination includes a re*iew of the 8c¢ourttin￿ records kept by the charity and
a comparison of the accounls presented with those recor(Ls. It atso includes coi)sideralion of any
unusual items or disclosurcs in the accounLs. and the seekints of explanations from you as tNslees
conccrlling any such Matt￿S. The pr4)cedurc5 undertaken do rrf)t provide all the evidence tbal woutd
be required in an audit consequent]y. we do not exprLss an audit opinion on the view given by
tlie accouDts.
Independent erLmtners'slaicinent
In connection with our examination. no n￿tter has come lo our aitention-.
(i)
whiLh gives us ieasonable cause to believe thaL tn any material respect, the trustecs have
not met the requirements to ensure thaL"
Proper accounting records are kept (in accordance with s41 of the Act); and
accounts are prepared wbiLh agree with the accounting records and to comply
with ihe accolinting reqiiiremcDt5 of the Act- or
to whiclu itk Olir opinion. attention sliould be dtawll in order to enable a proper
nderst2nding of the accounts to be reached.
{2)
Jwhdlj I L4f
J W I-lall F
A FCCA
Mgpiis-smith & Lemmon LLP
Chai'lered Accountants
48 King Strecl
King s Lynn
NoTfolk
PE30 IHE

Hallys Exhibition Foundation
Snettisham
(Registered Charity No.325128)
Annual Report
1st April 2020 -31st March 2021
www.hallsfoundation.co.uk

Halls Foundation Introduction to Annual Report.
31st March 2021
This Annual report gives a summary of the Foundations activities during the year
ending 31st March 2021
The income of the Foundatio￿ wbich is distributed each year in grants. is derived
from returns on the Foundations considerable inveslrnents, rent for the quarry, the
processing and recycling of other materials on the site and the rent received from the
tel¢cottunllrrication mast.
The 10 Tn￿e are responsible for managing the Foundation's &ssets and for
allocating the income for the benefit of the education of young people from the ages
of I l up to 25. They are always concerned to ensure that atl young people who have
lived in the village for a minimum of one tear. and who qualify. should receive help
from the Foundation.
This year the Foundation w&s pleased to allocate a grant of £9.000 to Snettisham
Primary School to provide 18 laptop computers to enable all Year 6 children to access
school work from home during the OVID 19 lock down peiio(L
If you know of someone who may qualify. but who has not yel applie￿ please contact
the A(hninistrator, Chris HolL or any of the Trustees. Their names and addresses are
given in this Teport.
Paul NorrAS
(Chainnan)

List of Governors 2020/2021
Chairman
Mr P. Norris
Long Cottage, Shernbome, Kings LyDn PE316RZ
Vice Chairman
Mr M. Wrighl
6 Goosander Close, Snettisham, Kings LYI￿ PE317R
Governors
Mr N Madgiett
6 Norton Hill. Sn¢ttisham. Kings Lynn PE317LZ
Mr l. Dev¢r¢ux
l Little Acre, Manor Lane, Snetti5￿ K LyDn PE317NH
Mr A. Cave
49. The Birches, South WOotto￿ Kings Lynn PE30 3JG
Mr M Howard
Manor Lane, snettiSha￿ Kings LY[￿ PE317NH
Mr E Langford
Lancaster Lodge, Lancaster Place, Snettisham. PE31 TNL
Mrs M Ponder
Sutton Fields, Bircham R(L Snettisham Kings Lynn PE317NF
Mr P. Sheeri
17 Sh¢rnborne Rd DersiDgbaDL Kings Lynn PE316HZ
Mr E. Stanton
I Park Farn) Bams, Snettisham, Kings Lynn PE317NQ
Administrator
C. J. Holt
4 Bewick Close
Snettisham
Kings Lynn
PE317PJ
T¢1 . 01485 541534
Email mail @chrisholtphotographic.co.uk

GRANT LEVELS FOR 2020 12021
Each yeaT the individual grants are re-assessed in view of the income of the
Foundation and the anticipated number of students applying for grdnts.
In future all students attending Further Education courses will deemed independent of
parental support and will eligible for the filll grant. This grant will be awarded in
two stsges. Half will be awarded at the start of theit y&2[ and the second half, on the
success￿1 completion of their academic year in June.
The grant levels for 2020 12021 were set &s follows: _
Students moving from Primary.
to Secondary Education £350
Students of16 + Higher Education £500
(Including Apprenticeships/ Training Courses)
Universi
Students Further Education
Ist12 /3 14 15thYearstudents
(Two £1 000 payments)
£2000
Post Graduate students £IOOO single payment
Grant fonns are
downloadable from our website
www.hallsfoundation.co.uk

Guidelines for Pros
ective A licants
The Hall's Exhibition Foundation is a charity whose aim is to benefit educationally
young people between the age of 11+ and 25 resident in the village of Snettisham.
Applications are invited from students aged 11 years and under the age of 25 years
who have been resident in Snettisham for at least one year. For the purposes of
calculating the upper age of university students their age will be taken as of
1st September in the year of their course.
The Foundation's income is available eath year for the provision of qualifying grants,
the level of which are reviewed each year by the Foundation Govemors to take into
account the actual level of income being generated along with the number of
applications being received. sin￿ grants are reviewed on an annual basis, they can
increase or decrease, and the figures shown below represent the present level of
grant applicable to the cuThent academic year. The Foundation gives priority to
individual applicants. but should money be available having satisfied the demands of
all individual applicants, then grant requests can be considered from those local
organisations which exist for the benefrt l education of such young people
collectively
Individual grants can be made as follovts for the academic year 2020r21: All grants
have been increased this year.
(a) To young people of 11 + moving on to secondary education.
(b) Young people of 16+ staying on at school to take A Levels or to attend
equivalent Higher education Courses or APprenti￿Ships. A grant is available for
each of the anticipated 2 years. {£500 pei year)
(£350)
(c) Studenls of 18+ attending a Universty or an equNalent educational course.
Each student will be awarded £2CK)O per year providing they meet the criteria set out
by the Foundation. This payment will be awarded in two separate grants of £1000.
£1000 will be awarded at the commencement of each year and a further £1000 in
the final term of that year. provided they complete and retum the fortn, signed by the
college to say they have completed that year.
Grants are awarded to assist students in their higher secondary and higher
educatlon courses. They are in addition to any local authority or state
entitlemenL Grants are not linked in any way to any national or local
government education authority policy. It is up to the individual 5tudenl with
input from parent I guardian as appropriate, to decide just how the money is
spent be it on books, materials. uniform I dress. travel costs or. in the case of
university students. accommodation costs.
Grants must be returned if any year of the course is not completed.
cific Items

No additional grants will be made for word processors, computers, textbooks,
normal travelling expenses of work experience costs.
Grants for educational courses or visits will be considered providing the
appropriate application fonn is completed to the satisfaction of the Trustees
and copies of any substantiating details are enclosed.
All grant applications will be vetted on individual merit. by the
Governors.
Subject to availability of funds. an addttional grant may be considered. in exceptional
Circumstan￿$, from qualifying students. If you feel you have a request of merit that
you think could be considered, then please check with the Administrator.
Copies of all application fomis are obtainable from the Administrator or can be
downloaded from this website.
If you have a query on any aspect of the above then please seek clarification,
preferably in wrtting, from the Foundation's Administrator,
Mr C.Holt. 4 Bewick Close, Snettisham. Kings Lynn. PE317PJ

Grants Awarded During 2020/2021
Pupils moving from Primary to Secondary at 11+112 +
18 Grants of £350 were made. Total= £4,000
Students undertaking 6th FonY• IHigher Education Courses
at 16+
34 Grants of £500. Total-£7.000
Students undertaking UniversitylFurther Education
Courses
Grants of up to £2000 were awarded to a total of 25 students.
Total = £33.800
Other Grants
School Presentation Awards = £65.00
Snettisham Primary School for Computers for Year 6 - £9,000
ludividual Grant- £lOOO
Total Grants Awarded= £44,115.00

Election of Officers
At the Annual Meeting of the Trustees. Mr. Paul Norris and Mr. Marcus Wright
were elected Chairtnan and Vice Chairman, respectively.
Administrator
Mr. C. J. Holt
4 Bewick Close
Snettisham
Kings Lynn
PE317PJ
Snettisham Quarry
The Snettisham Quarry is now being used by Mick George Aggregates (formerly
Frimstone) to extract Carrstone from the adjoining Ken Hill Estate and for the storage
and resale of building aggregates and recycled materials.
The Radio Mast is still in use on our reinstated Quarry land.
Hall's Exhibition Foundation Website
For detailed information, history, and all applications forms please log onto
w.hallsfoundation.co.uk