The Maurice & Hilda Laing
Charitable Trust
A Registered Charity
Report and Financial Statements
31 December 2024

The Maurice & Hilda Laing Charitable Trust- A Registered Charity
CONTENTS
Page
TRUSTEES, ANNUAL REPORT
AUDITOR5, REPORT
STATEMENT OF FINANCIAL A￿1VITIEs
io
BALANCE SHEET
li
STATEMENT OF CASHFLOWS
12
NOTES TO THE FINANCIAL STATEMENTS
13-20

The Maurice & Hilda Laing Charitable Trust - A Registered Charity
TRUSTEES, ANNUAL REPORT
as at 31 December 2024
The Trustees present thelr financial statements and annual report for the year ended 31 December 2024. The financial
Statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with
the tharity's trust deed dated 19 August 1996, the Charitles Act 2011 and Accountins and Reportlng by Charitles.. Statement of
Recommended Practice IFRS 1021 and update Bulletins l and 2.
Reference and Admlnlstratlon Detslls of the Charlty* Its Trustèes and Advlsors
Settlor
Slr ljohnl Maurice Laing
Date of Settlement Deed
19 August 1996
Trustees
Stephen John Haine5 Ludlow
Andrea Jane Currie- Died 26 March 2025
Charles William David Laing
Simon David Martle
Paul Michael van den Bosch
There shall be at least three Trustees. The power of appointing Trustees Is
now vested in the Trustees.
Registered Address
clo LaSng Family Trusts
33 Bunn5 Lane
London
NW7 2DX
Nature of Trust
Registered Charity No. 1058109
Banker5
Bank of Scotland
33 Old Broad Street
London
BX2 ILB
Accountants
TMF Global Services IUKI Ltd
13lh Floor
l Angel Court
London
EC2R 7HJ
Auditors
Mercer & Hole LLP
72 London Road
St Albans
Hertfordshire
ALI INS

The Maurice & Hilda Laing Charitable Trust- A Registered Charity
TRUSTEES, ANNUAL REPORT
as at 31 December 2024
Investrnent Advisors
Rathbone Investment Management
8 Finsbury Circus
London
EC2M 7AZ
Solicitors
Pothecary Witham Weld
84 Eccleston Square
Pimlico
London
swiv ipx
Dlrettor
Ms E Harley
33 Bunns Lane Mill Hill
London
NW7 2DX
Destlnation of Funds
al Income
To charitable purposes only but princlpally for the following purposes..
the advancement of the Christian religlon in any part of the world,.
Ihe advancement of religious educatlon in accordance with the doctrines
and princlples of the Christian falth by such means as the Trustees think fit,.
the rellef of poverty throu8hout the world,. and
the protection and preservatlon of health and the rellef of 5ickne55 and
mental and physical disabllitv.
bl Capital
To be Tetained by the Trustees or, at their discretion, applied as income.
Investment Powers
Under the terms of the trust deed the Trustees have the power to invest
and reinvest the Trust Fund..
al in any account with any bank, bulldlns society or other finantial institvtion,.
bl In buylng any property Itanglble, rnovable or immovable) in any part of the
world whether or not It produces income,. and
cl In making secured loans.

The Maurice & Hilda Laing Charitable Trust - A Registered Charity
TRUSTEES, ANNUAL REPORT
a5 at 31 December 2024
Structu¥e, Governance & Mana8ernent
The Maurice & Hilda Laing CharitableTiust Wa5 established in 1996with funds
made avallable from the Maurice Laing Foundation. The Trust's objectives. as
set out in the Trust Deed, are the advancement of the Christian religion in any
part of the world, the advancernent of religious educatlon in accordance with
the prlnciples and doctrines of the Christian faith. the rellef of poverty
throushouttheworld and the protection and preservation of health and rellef
of sickness and mental and physical disabillties. These are achieved through
the Trust's grant-making programme, which 15 Its only tharitable activitv.
The Trust Deed requlres the Trust to have a minirnum of three trustees.
Followingthe very sad and unexpected death of Andrea Currie in March 2025,
post the year end.. there are cvirently four trustees. The niece of Sir Maurice
nd Lady Hllda Lain& Andrea was appointed as a trustee In 2(￿6 and was a
fine ambassador for the Maurlce & Hilda Laing Charitable Trust. She was
approachable by all and a passionate advocate for the vulnerable, particularlv
children and families. She provided practlcal guldance and encouragement to
beneficlaries, staff and her fellow Trustees alike. along wlth gentle reminders
of the Chrlstian falth and compassion which underpinned Sir Maurlce and
Lady Hilda Laing's original gift.
The power to appoint new Tfustees rests wlth the existing trustees as a body.
Hastened by Andrea's Ios5, they are continuing to review the range of skills
and experlence represented among their number with a vlew lo
stren8thening the Trustee Board. whlle cognlsant of the need to stay true to
the original legacy. PrO￿dureS for the appolntment and induction of new
Trustees, who will in future be appolnted for a maximum of three 4-yeaT
terms, are Sn place. The day-to-day administration of grants and the
processing of applicatlons prior to consideration by the Trustees. including
meetings with applicant5 and project vlslts where larger grants ale
tontemplated, have been delegated to the Trust Director. who is supported
by a small staff team. The Trust Director and staff are shared wlth the Klrbv
Laing Foundation. the Beatrlce LalnÉ Trust and the Martin Laing Foundation;
the Trusts are known collectively a5 the Lalng Family Trusts and the Chair of
Trustees slts on a joint Employment Committee. The Trusts also share office
Space owned by the Reculver Trust,. a Memorandum of Understandlng sets
out the basis upon which adn)snistratlve costs are shared.
An application to any one of the Laing Family Trusts is treated a5 an applicatio
to all, although after initial review applications consldered suitable for further
consideration by the Maurice & Hilda Laing Charltable Trust followthe Trust's
own administrative procedures and declslon-making processes. Application 15
by letter and the 8rant application process, guidance on which appears on the
L3lng Fèmlly Trusts, website, is designed to be as simple as possible whilst
drawing out the key Information required for a decision. The Trustees meet
four times a year to tonslder recommendations for, and rnake decisions on,
the award of grants over £IO,(K)O. The Trustees have delegated power to
make grant5 of £IO.OOD and below to the Trust Director, up to a Maximum of
£30,000 In any one quarter. These grant5 are made on an ongoin8 basis and
ralified by the Trustees at their qijarterly meeting5.

The Maurice & Hilda Laing Charitable Trust- A Registered Charity
TRUSTEES, ANNUAL REPORT
a5 at 31 December 2024
Oblectlves & Aclivltie5
The Trustees, grant-making prioritles fall into three main categorles=
To advante Chrlstlan falth and values, wlth an emphasls on..
maklng the Christian messaÈe accessible to 311 through Innovative 'fresh
expressions, of church and ploneer ministries
nurturing children and young people in the Chrlstlan faith- helping them to
explore. and grow in, Christlan faith
providing support for oppressed Christian communlties over5ea5
To supporl organlsatlons, prlmarlly those Insplred by Chrlstlan falth, offerlnB
prartltal support to those In thè U.K. who are dlsadvantaged, vulnerable and
/ or sotially i501ated. wlth a partlcular focus on helplng:
families and young people at risk
prlsoners and ex-offenders. particularly women In the criminal justice
system
the homeless
refugees
Rellef of povertyoverseas. prlmarlly through Chrlstlan organlsatlon5 worklng
In the low income count¥les of Sub-saharan Afrlca,focuslng on projecls whlch
seek to Improve educatlonal opportunitles and bulld sustainable livellhoods
for..
street children and young people at rlsk
those wlth disabilities
In all area5 the Trustees are lookin8 to 5UPPOrt projects which are financially
and envl¥onmentally sustainable and replicable.
The grant-m3klng programme is financed by income derived from the Trust's
Investment portfolio. The Investment portfolio is manaÈed by Rathbones on a
discretionèry basis and, at the Trustees, request, in line wlth the guidance of
the Church of England's Ethlcal Advisory Group. The Trustees met regularly
with the Rathbones team throu£hout the year to review performance and
ensure that their ethical and income requirements were fully understood. The
Trustees are seeking to rnalntain an endowment fund of £24.Imillion, a figure
whlch Is revised annually In Ilne with inflation and are currentlytarseting grant
expenditure of £lmilllon per annum. They are also actively exploring soclal
Investment opportunities, tts which a proportion of any fund5 in excess of the
£24.Imillion target figure might be directed. The refurbishment of the house
in Hinckley, which was purchased in 2023 with the IntentloA of leasing it to
Hope Into Action Coventryfor an initial perlod of fiveyears a5 a home for slngle
men who might otherwise be homeless, was finally con)pleted post the year
end and there are now two tenants in Tesidence. The tenants are recelving
support from Hope Into Aetion and mentoringand friendship from members of
a local partner church. Rental income will be recelved 6 months in arrears, but
the Trustees are also interesied in explorin8 ways of measuring the soclal
impact of thls investment.

The Maurice & Hilda Laing Charitable Trust- A Registered Charity
TRUSTEES, ANNUAL REPORT
as at 31 December 2024
Achievernents and Performance
Grant expenditure In 2024 totalled £1,049,250, an increase of 15.9% on the
prevlous year's total of E905,360. All grants of £5,000 and above are listed by
category in note 7 to the accounts. An addltional 19 grants, totalling £55,500,
were distributed through the Chariti@5 Aid Foundation. Taken together, the
Trustees are confident that the grants demonstrate a hish degree of public
beneflt lo a number of different sections of society, including vulnerable and
disadvantaged people whatever their age, background, ability or additional
needs.
Further details of all grants of £25,000 and above are provided below..
hlldren & Youn
South Wight Area Youth Partnership ISWAYI
Community Hub
Transforming Llves for Good
Expansion of Eorly Intervention Progromme (2. of 3
UKSA
Lister Building refurbishment
Rell lon
Bible Reading Fellowship
Trtsinlng & Development Leodfor Me55y Church (Lust of 3
Church Army
Growlng Imptsct acr055 Northern Irelond (1st of 2 gronts)
Church of England Foundation for Educational Leadership
Pald
£so,o(x)
£50.CLIO
£50,000
£25,000
£25,￿0
nd
Growing F(Flth Foundation Learning Hubs12 of 2 grunts?
Salmon Youth Centre
Faith in the City- Resident Warden & PostorolSupptsrt (I"
SAT-7 Trust Ltd
Arobic Digit(Fl Medio andAUdIen￿ Relorions
The Big Glve
Christmos Challenge Big Glve (Together Fund}12 grontsj
Soclal Welfare and Communlt
Christians Agalnst Poverty
New Debt Help Productsystem (I" of 2 grantsj
One Small Thing
Hope Streetsalory Funding Il" of 3 grants)
£39.375
£30,0
£25,000
£52,500
£45,0
£50,IM)O
There was a continuin8 focus on re50UltinÉ churches to engaÉe wlth the
younger generation through a variety of initlatlves, including Messy Church,
sports actlvities and the development ol creatlve or innovative practlces to
build strategic partnerships between school, chureh and home, with the aim
of placing children, young people and families at the heart of the mlsslon and
ministry of the Church. The grant of £50,000 to Christian youth tharity SWAY
will contribute towards the construction of a new Community Hub In Chale on
the Isle of Wight, a place dear to Sir Maurice and Lady Hilda Lain& provlding
base for SWAY and external agencies working wlth young people and their
familles in the South Wight area, with Spate for education, training and leisure
activitles, and a small café and grocery shop. This was one of bNo significant
grants made to project5 onthe Isle of Wight, the other beinga grant of £50,000
towards the refurbishment of accommodation and classrooms at UKSA,
charlty based in Cowes which provides Opportunities for young people from
the local community and further afield, partlcularly those who are
disadvantaged, to develop Ilfe skills and broaden their horizons through the
water-based activities which Slr Maurice Lain& as a keen sailor. a150 enjoyed.

The Maurice & Hilda Laing Charitable Trust - A Registered Charity
TRUSTEES, ANNUAL REPORT
a5 at 31 December 2024
Achievements and Performance- continued
The Trustees continued to respond to the cost-of-Ilvin8 crisis by supporting
churches or faith-based charitles addressing needs in their local ctsmrnunities
through the provision of low-cost food, debt advice or simply a warm space in
which to meet with others, fotU55ing particularly on deprived areas in the Isle
of Wight, Thanet and the north of England. Following the discontlnuation of
the Warm Spaces Church Fund by the Good Falth Foundation, staff were 8iven
discretlon to make grants of £1,000 lup to a total of £25,0001 to support
churches running 2024125 Warm Spaces re8lStered with the Worm Welcome
Compolgn in areas of deprlvation in Thanet, Isle of Wight and Cumbria, over
and above their normal discretionary limit. The 'Fund' was launched in
December 2024 on the Lalng Family Trusts website,. applicants were invited to
apply via email, using a simple two-page application form. The geographical
reach was later extended to more of the top 20% of deprived are35 in EF>gland
and by April 2025, 25 grantees from across England had received grants of
EI,000 a5 a contributlon towards the Cost of running their Warm Spaces. Thls
could include increased utility costs, staff or volunteer Costs. the purchase of
sundrles such as food, tea & coffee or the cost of running activities. Building
on th@ lessons learnt, this programme will run again, opening In the autumn of
2025.
For a fifth year, the Trustee5 a150 joined with other members of the Christlan
Funders Forum, of whlch it is an active member, to provide matched funding
through the Together Fund to enable Christian charlties to participate in The
Blg Give Christmas Challenge. Many of these charities are Involved in soclal
action projects in their local communities, and this gave thern an opportunity
to raisé valuable funds and make contatt with a wider donor base.
In addltion to 8rant expenditure, a further £118,790 was spent on investment
manager's fees and £138,706 on support and governance costs. Income
genewated from the Foundation's Investments was sllghtly lower at £725,182.
The excess of expendlture over income wa5 balanced by a 8aln on investments
of £1,452,599. The value of the Foundation's expendable endowment at the
year-end was £25,107,299, a rise of £857,81313.5%1 on the previous year.
Risk Assessment
The Tfustees annually review the major ri5k5 to which they feel the charlty is
exposed. These fall into three main areas: protedlon of assets and income,
Integrity of the grant-rnaking process and employment ènd retention of staff.
Having carried out their annual review of these rlsks they remain confident
that they have In place systems and procedures whlth Mitigate the rlsk5 as far
5 possible.

The Maurice & Hilda Laing Charitable Trust- A Registered Charity
TRUSTEES, ANNUAL REPORT
as at 31 December 2024
Statement of the Trustees. responslbllltle5 In respect of the financlal Statements
The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with
pplicable law and United Kingdom Generally Accepted Acctsunting Practice.
The law appllcable to ¢haritles in England and Wales. the Charities Act 2011, Charity (Accounts and Reports) Re8ulation5 2008
and the provislons of the Trust Deed require the Trustees to prepare financial statements for each financial year whlch give a
true and fair view of the state of affairs of the eharity and of the incoming resources and application of resources, including
the income and expendSture, of the eharity for that period. In preparing those financial statements, the Trustees are required
to:
select suitable accounting policles and then apply them conslstently;
observe the methods and prlntlples in the Charlty SORP,.
make judgements and estimates that are reasonable and prudent;
state whether applicable accoUnt￿ng standard5 have been followed, subject to any mater131 departures dlsclosed
and explained In the financlal statements,. and
prepare the financlal statements on the 8tslng concern basls unles5 It Is Inappropriate to presume that the Charltv
will continue.
The Trustees are respon5sble for keeping proper accounting record5 whlch disclose wlth reasonable accuracy at any time the
finaneial position of the charity and to enable them to ensure that the financial statements comply with the Charitles Act
2011, the Charity (Accounts and Reportsl Regulattons 2008 and the provisions of the trust deed. They are also responsible for
safeguardingthe assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
Approved by the Trustees on..
Date
and slgned on th Ir behalf bv:
Trustee

INDEPENDENT AUDITOR'S REPORT
to the Trustees of The Maurlce & Hllda Lalng Charltable Trust- A Reglstered Charltv
Oplnlon
We have audited the financlèl statements of The Maurice & Hilda Laing Charitable Trust Ithe'charlty'l forthe yearended 31 December
2024 which comprise Statement of Financlal Activitles. the Balante Sheet and notes to the financlal statements, including significant
accounting policles. The financial reportlng frameworkthat has been applied in their preparation is applicable law3nd Unlted Kingdom
Accounting Standards, including Financlal Reportlng Standard 102 The Finorjtiul Reporting Stt7ndord applicoble in the UKond Republic
of Ireland Iunlted Kingdom Generally Accepted Accounting Pra¢ticel.
In our opinion the financlal statements..
give a true and fair viewolthe state of the charitvs affair5 35 at 31 December 2024. and of Its incoming resources and application
of resources, including its incorne and expenditure, for the year then ended,.
have been properly prepared In accordance with Unlted Kingdom Generally Accepted Accounting Prattlce; and
have been prepared In accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audlt in accordance wlth International Standards on Auditing IUKI IISAS IUKII and applltable law. Our
responsiblllties under those standards are further described in the Auditor'5 responsibilities for the audit of the financial Statements
settion of our report. We are independent of the charity in accordance wlth the ethlcal requirements that are relevant to our audlt of
the financial statements in the UK. includinÉ the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We belleve that the audit evidence we have obtained Is sufficient and approprlate to provide a
basis for our opinion.
Concluslons relatlng to golng concern
In auditlng the financial statements, we have concluded that the trustees, vse of the going con￿rn basis of accounting In the
preparation of the financial statemènts is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that,
individually or collectively, may cast significant doubt on the charlty's ability to continue as a going concern for a period of at least
twelve months from when the financial statements are authorised for Issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described In the relevant sections of this
report.
Other Informatlon
The other Informatlon comprises the informatlon included In the trustees, annual report, other than the financial statements and our
auditor's report thereon. The trustees are responsible for the other Information contained within the annual report. Our oplnlon on
the financial statements does not cover the other informètion and, except to the extent otherwise explicitly stated in our report. we
do not express any form of assurance concluslon thereon.
Our responsibility is to read the other information and. In doing so, consider whether the other information is materially Inetsn51Stent
with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially mSsstated.
If we Identify such material incon51Stencles or apparent material mlsstatements. we are required to determine whether thls gives rise
to a mateTial misstatement in the financlal statements themselves. If, based on the work we have performed, we tonclude that there
is a matevial misstatement of thi5 Other Information, we are requlred to report that.fact.
We have nothing to report in this regard.
Mattels on whlth we are requlred to repori by exception
We have nothing to report in respect of the following matters in relation to whl¢h the Charitie5 IAccounts and Reports) Regulations
2008 require us to report to you if, in our opinion:
the information given in the financial Statements (s inconsistent tn any material respect with the trustees, report,. or
the charity has not kept adequate accounting records., or
the financial statements are ntst in agreement with the accountln8 records and returns,. or
we have not recelved all the Inforrnation and explanatlons we require for our audit.

Responslbllltles of trustees
As explained more fully in the trustees, responsibilities statement Iset out on page 71, the trustees are responsible for the preparation
of the financlal statement5 and for being satisfied that they give a true and fair view, and for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the trustees are responsible for assesslng the charlty's ablllty to continue as a Èolng concern,
di5c105ing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either
intend to liquidate the charity or to cease operations, or have no realistic alternatlve but to do so.
Audltor's responslbllltles for the audlt of the flnanclal statements
We have been appointed as auditor undersection 144 of the Charities Act 2011 and report In accordance wlth reÈulatlons made under
section 154 of that Act.
Our objectives are to obtaln reasonable assurance about whether the financial statement5 a5 a whole are free from rnaterial
mlsstatement. whether due to fraud or error. and to Issue an auditor's report that include5 our opinion. Reasonable assurance is a
hlgh level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material
misstatement when it exi5t5. Mi55taternents can arise from fraud or error and are considered material if, individually or in the
a@Èregate. they ctsuld reasonably be expected to Influence the economic decision5 of users taken on the basis of these financial
statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures In line with our
respon5ibilitie5, Outlined above, to detect material mi5Statements in respect of irregularities, including fraud. The extent to which our
procedure5 are capable of detectin8 irre8ularities, including fraud, is detailed below.
Explanatlon as to what extent the audlt was con51dered capable of detectln8 IrreBularltles, Includlng fraud
We gained an understanding of the legal and regulatory framework applicable to the charity and the environment in whlch It operates
and considered the risk of acts by the charity that were contrary to applleable laws and regulations. Includlng fraud.
We evaluated management's incentives and opportunities for fraudulent manlpulatlon of the financlal statements and the flnanclal
report (including the risk of override of controls), and determined that the prlncipal rlskswere related to postlng Inappropriate entries
including journals to overstate revenue oi understate expenditure and management blas In accountlng estimates.
Audit procedures performed by the engagement team included:
discussions with rnanagement, including considerations of known or suspected instances of non- compllance wlth laws and
regulations and fraud,.
gaining an understanding of management's controls designed to prevent and detect Irre8ularltles.' and
identifying and testing journal entries.
Because of the inherent limitations of an audit, there is a risk that we wlll not detect all Irre8ularlties, Including those leading to a
material misstatement in the financial statements or non-compliance with re8ulation. Thls risk increases the more that complianee
wilh a law or reÈulation Is removed from the events and transactions reflected in the financial statement5, a5 we will be le55 likely to
become awère of instances of non-compllance. The risk Is also greater regarding irregularitie5 occurring due to fraud ratherthan error,
as fraud Involves Intentlonal concealment. forgery, collusSon. omlsslon or misrepresentation.
A further description of our responsibilities15 3v3llable on the Financial Reporting Council'5 website at.. Auditor's Res
the Audit
Financi31 Re
ortin
Council
frc.or
This description forms part of our auditor's report.
Use of our report
Thi5 report is made solely to the charitvs trustees, as a body, in accordance with Part 4 of the Charities IAccounts and Reportsl
Regulations 2008. Our audit work has been undertaken 50 that we might state to the charity's trustees those matters we are required
to state to them in an auditor'5 report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for thls report, or for the
opinion5 we have formed.
Inson, Senior Statutory Auditor
Mercer & Hole LLP Chartered Accountants
72 London Road, St Albans, ALI INS
Dote.. 24 Seplernber 2025
Mercer& HolelLPiseligible to uctos on tjudltorln terms ofse¢tion 1212 of the CompGnie5Act2006.

The Maurice & Hilda Laing Charitable Trust - A Registered Charity
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2024
Unrestrlcted Funds
Expendablè
Endowment
Total
Total
Incomè
Z024
2023
Note
INCOMEAND ENDOWMENTS
Investment5
725,182
725,182
752.402
TOTAL INCOME
725,182
725,182
752,402
EXPENDITURE
C05t of Faisin8 funds
Charitable attivitie5
118,790
118,790
1.187.956
112,552
1,039,204
1,187,956
TOTAL EXPENDITURE
118,790
1,187,956
1,306,746
1,151,756
NET INCOMEIIEXPENDITUREI BEFORE GAINS
AND LOSSES ON INVESTMENTS
1118,7901
1462,7741
1581,5641
1399.3541
Net gain51llos5esl on investments
Ioal
1,452,599
1,452,599
855,846
NET INCOMEIIEXPENDITUREI AFTER GAINS
AND LOSSES ON INVESTMENTS
1,333,809
1462,7741
871,035
456.492
TRANSFER BETWEEN FUNDS
13
1462,7741
462,774
OTHER RECOGNISED GAINSIILOSSESI
Gains/llossesl on foreign currency
113.2221
113,2221
13,1361
NET MOVEMENT IN FUNDS
857,813
857.813
453,356
FUND BALANCES BROUGHT FORWARD
24,249,486
24.249,486
23.796,130
FUND BALANCES CARRIED FORWARD
25,107,299
25,107.299
24.249,486
io

The Maurice & Hilda Laing Charitable Trust- A Registered Charity
BALANCE SHEET
as at 31 December 2024
2024
2023
Notè
FIXED ASSETS
Quoted investments
Soeial Investment
Ioal
Iobl
24,59D,756
201,734
23,992,722
201,734
24,792,490
24,194,456
CURRENT ASSETS
Cash at Bank
li
402,190
113,144
402,190
187,3811
113,144
158,1141
LIABILITIES.. amounts falllng due wiihln one year
12
NET CURRENT ASSETS
314.809
55,030
TOTAL ASSETS LESS CURRENT LIABILITIES
25,107.299
24,249,486
NET ASSETS
25.107,299
24.249,486
Representing:
FUNDS.. UNRESTRICTED
Expendable endowment
13
25,107,299
24,249,486
Reglstered Charlty No: 1058109
Approved by the Trustees on..
Date
and signe
n their behalf by..
Trustee
li

The Maurice & Hilda Laing Charitable Trust - A Registered Charity
STATEMENT OF CASHFLOWS
for the year ended 31 December 2024
2024
2023
Note
Cash flows from operatlng actlvltie5:
Net ¢ash used In operatlng actlvltles
14
11.290,7011
11,164,904)
Cash flows from Investlng artlvltles..
Investment Ineorne
Proceeds from sale of investments
Purchase of investments
Purchase of Social Investment
725,182
4.826,532
14,921,893)
752,402
4,202,820
12,927,489)
1201,7341
Net cash provlded by {u5ed In) Investlng actlvltles
629,821
1,825,999
Change In cash ènd cash equlvalenls In the year
Cash and cash equivalents at the beginning of the year
1660,8801
1,129,391
661.095
468,296
Cash and cash e4ulvalet)ts at the end ot the year
468,511
1,129.391
Represented by..
Cash held withln the investment portfolio
Cash at bank
Ioal
li
66,321
402,190
1.016,247
113.144
468,511
1.129,391
As the trust has no borrowings, no analysis of net debt is included in these financlal statements.
12

The Maurice & Hilda Laing Charitable Trust- A Registered Charity
NOTES TO THE FINANCIAL STATEMENTS
as at 31 December 2024
ACCOUNTING POLICIES
The principal accounting pollcles adopted are as follows:
al Basls of preparatlon and assessment of golng concern
The linanclal statements have been prepared in accordance with Accountlng and Reporting by Charities.. Statement of
Recommended Practlce IFRS 1021 and update Bulletins l and 2, and the Charities Act 2011 alld applicable regulatlons.
The financial statement5 have been prepared under the historical cost conventlon, modified to include the revaluation
of Ilxed asset investments. The Charity constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertaintles about the Charlty's ability to continue as a going concern.
bl Funds structurè
The expendable endowment represents the funds settled originally by the Settlor and additional funds from the Estate
of Lady Hilda Lalng. The Trustees are permitted to apply the endowment as If it were intome. Income Is to be used
for charitable purposes only.
cl Income recognltlon
All income is recognised once the chaTlty has entitlement to the incorne, there is sufficient tertainty of recelpt and so it
is probable that the Income will be received, and the amount of Ineome receivable can be rnea5ured reliably.
Interest on funds held is included upon notlfication of the interest paid or payable. Dividends are recognised once the
divldend has been declared and notification has been received of the dividend due. Credit 15 taken in the accounts for
income tax deducted from investment income whieh has or will be reclalmed from H M Revenue & Customs up to 31
December 2024.
dl Expendlture rètognltlon
Llabllitie5 are retognised as expenditure as soon as there is a legal or con5tructlve obligation committing ihe Charity to
that expenditure. it Is probable that settlement will be requifed and the amount of the obligatlon can be measured
reliably.
All expenditure is accounted for on an accruals basls and ha5 been classified vnder headin85 that aggregate all costs
related to the category.
Single or rnulti-year grants are accounted for when either the recipient has a reasonable expectation that they will
receive a grant and the Trustees have agreed to pay the grant without condition, or the recipient has a reasonable
expectation that they will recelve a grant and any conditlon attached to the grant is outside the control of the charity.
el Allocatlon of governance and other Support cost5
Governance and support costs have been allocated between charitable activities and governance. Governance and
support costs relating to Charitable activities have been apportioned based on the estimated time spent by staff at the
office of the Lalng Family Trusts in the admlnistration of donations and assessment of projects. The allocation of
governance and support Costs Is analysed in note 5.
Governance costs cornprise all costs involving the publlc accountability of the Charity and its compliance wlth regulation
and good practice. These costs include the accountancy and audlt costs relating to these financlal statements together
with an apportionment of overhead and support costs.
fl Cost of ralsln8 funds
The cost of generating funds comprises the investment management charges.
gl Charltable actlvltles
The expendlture on charltable activitles comprises Èrants made in the year and governance and support costs. An
analysis of the grant expendlture for the year is shown In note 7.
h} Flxed asset investment5
Listed investments are valued in the Balance Sheet at market value. The net gainlllossl on revaluation and disposal of
investments 15 shown in the Statement of Financial Activitles.
13

The Maurice & Hilda Laing Charitable Trust- A Registered Charity
NOTES TO THE FINANCIAL STATEMENTS
as at 31 December 2024
ACCOUNTING POLICIES- tontlnued
11 Reali5ed galns and losses
All gains and losses are taken to the Statement of Finantial Activitles as they arlse. Realised galns and losses on
investments are calculated as the difference between sales proceeds and their opening carrying valve or thelr purchase
value If acquired on or subsequent to the first day of the financial year. Unreallsed 8ains and losses are calculated as the
dlfference between the fair value at the year end and their carrying value. Realised and unrealised investment galns
and losses are combined In the Statement of Financial Activities.
11 Currenty
The financial statements are prepared in Sterling, which is the functional currency of the charity. Monetary amounts in
these finèncial statements are rounded to the nearest £.
INCOME AND ENDOWMENTS
2024
2023
Investment Income
Dividends- equiti@S
Interest- fixed Interest securities
573,014
167.215
618,110
145,102
740.229
763,212
Investment Income arising from listed investment5 is split geographically as follows...
2024
2023
Wlthin UK
Outside the UK
463,245
276,984
522,498
240,714
Total Gross income
Les5 non-recoverable tax
Interest on cash deposit
740,229
130,4071
15,360
763,212
121,3061
10,496
725,182
752.402
COST OF RAISING FUNDS
2024
2023
Investment management fees
118.790
112,552
ANALYSIS OF CHARITABLE ACTIVITIES
The charity undertakes Its charitable activities thiouÈh grant maklng and awarded grants to a number of institutlons in
furtherance of its chèritable activlties.
2024
2023
Grant making actSvlty
Expendable endowment fund
Income
1.049,250
905,360
Total per note 7
Charitable activities
Governance- income
1.049,250
108,328
30,378
9D5,360
Support and governance costs
105,284
28.560
1,187,956
1,039.204
14

The Maurice & Hilda Laing Charitable Trust - A Registered Charity
NOTES TO THE FINANCIAL STATEMENTS
as at 31 December 2024
ALLOCATION OF OVERHEAD AND SUPPORT COST5
Charltable
Actlvltles
Governan¢e
Total
Z024
Property maintenance
Salaries and offlce costs
Accountancy services
Auditors, remuneration
Trustee expenses
Bank charges
Support costs
Sut)dry expenses
309
11,091
13,800
4,980
52
12531
2,785
99,815
3,094
110,906
13,800
4,980
527
12531
1,661
3,991
475
1,661
3,592
399
30,378
108,328
138.706
Charltable
Actlvltles
Governart¢e
Total
2023
Property maintenance
Salaries and office costs
Accountancy services
Auditors, remuneration
Trustee expenses
Bank charge5
Support cost5
Sundry expenses
357
10.643
12,322
4,680
16
50
3,214
95,792
3,571
106,435
12,322
4,680
164
50
1.706
4.916
148
1,706
4,424
492
28,560
105,284
133,844
The Maurice & Hilda Lalngcharitable Trust is admlnlstered alongside The Beatrice Laing 7rust, The Martin Laing
Foundatlon and The Kirby laing Foundation wlth which it shares the latter's three full-time members of staff and offtce
spate. Mr C W D Laing, a Trustee. is also a Trustee of The Beatrlte Laing Trust. The Maurice & Hilda Laing Charitable
Trust, The Beatrlce Lèlng Trust and The Martin Laing Foundation make contributions to The Kirby Laing Foundation
towards employment tosts. The Maurice & Hilda Laing Charitable Trust contrlbuted £102,90612023 £97,935) during
the year towards these cost5.
2024
2023
Gross salarles
Employer's natlonal insurance
Other salary related costs
Pension contrfbutitsn5
78,304
9,504
2,930
12,168
71,716
8,558
6,019
11,642
102,9D6
97.935
The Maurice & Hilda Laing Charitable Trust also made contrlbutlons of £3,094 to The Retulver Trust, the landlord of the
office, In respect of maintenance costs for the offlce 12023 £3,571). Ms E Harley is a Trustee of The Reculver
Trust.
15

The Maurice & Hilda Laing Charitable Trust - A Registered Charity
NOTES TO THE FINANCIAL STATEMENTS
as at 31 December 2024
ALLOCATION OF OVERHEAD AND SUPPORT COSTS- tontlnued
Expendable
Endowment
Totsl
Total
2023
Governance costs
Income
2024
Property maintenance
Salaries and office cost5
309
309
357
11.091
13.800
4.980
52
ii,ogi
13,800
4,980
52
10,643
12,322
4,680
16
Accountancy seivice5
Auditors, remuneration
Trustee expenses
Bank charges
Sundry expenses
12531
399
12531
399
50
492
30.378
30.378
28,560
In 2024 and 2023 all c05t5 were charged to Income.
TRUSTEES EXPENSES AND REMUNERATION
The Trustees received no remuneration during the year12023 £nill. Three Trustees incurred travelling costs totallng
£527 during the year12023- £1641 and no subsistence costs were inturred12023- Enlll.
GRANTS
2024
2023
No
No
Children & Young People
Envlronment & Heritage
Health & Medical Welfare
Overseas Development
Religion
Social Welfare and Comrnunity
Miscellaneous
Returned grant
223,250
75,000
15,000
s,000
160,750
203,175
366,435
80,IJOO
12
15
24
iii,000
245,375
292.125
177,500
12
14
27
Grants made during the year
62
1,049.250
61
905,360
The following grants were made In 2024..
Chlldren & Youn
Peo
IÈ
Queens Road Baptist Church, Broadstairs
Salmon Youth Centre
South Wlght Area Youth Partnership
South Yorkshire Chaplaincy and Listening Services
STEP
The 267 Proje¢t
Transforming Live5 for Good
UKSA
YMCA London Cityand North
8,250
30,000
50,000
5,000
5,000
5,000
50,IX)O
50.IKJO
20.1i00
223.250
16

The Maurice & Hilda Laing Charitable Trust- A Registered Charity
NOTES TO THE FINANCIAL STATEMENTS
as at 31 December 2024
GRANTS- contlnued
Oversèas Develo
ACET UK
Anglican Internatlonal Development
CURE International UK
Ethiopiaid
Friends of the Holy Land
Hope Internatlonal Development Agenty
Medalr
Reseed
The Li Tim-oi Foundation
Too15 wlth a Mission
Turnbull Famlly Charitable Trust
WeSeeHope
ment
iO,CK)O
16,000
10,0
15,OOC)
io,tKJO
7,500
io.o(KJ
5,000
7,500
io,ooo
5,000
5,000
iii,(x)o
Rell lon
Bible Reading Fellowship
Church Army
Church of England Foundatlon for Educational Leadership
Intercultural Churches UK
Office of the Archbishop of York
Premler Chrislian Media Trust
Release International
SAT-7 Trust Ltd
Thanet Community Churche5
The Cinnamon Network
The Wooll Institute
Welcome Churches
Wlntershall CIO
YMCA UK National Council
Youthscape
25,0(K)
25,QOO
39,375
9,5(K)
8,50D
15,000
iO,CMJO
25,000
15.OCKJ
iO,O(K)
io,Lx)o
18.000
iO,O(K)
5,000
20,000
245,375
Soclal Welfarè and Com
nit
Belfast Central Mission
Chiistians Against Poverty
Church of Ireland, Diotese of Down and Dromtsre
City of Sanctuary Sheffield
5.000
45,000
5.000
5,000
io.ocxj
iO,O(K)
7,500
5,CKJO
7,500
5,OCK)
20,OCM)
20.625
15,000
20,000
50,000
Oepaul UK
Derby City Mission
Emmaus Transformatlon Trust
Famlly Support Work
Gloucester City Mission
Grace Enterprises
Hope into Actlon Coventry
Hope Into Actlon UK
L'Arche UK
One Small Thlng
17

The Maurice & Hilda Laing Charitable Trust - A Registered Charity
NOTES TO THE FINANCIAL STATEMENTS
as at 31 December 2024
GRANTS- tontlnued
oclal Welfare- contlnued
One25
Pact
Prison Fellowship
Sixty-one
The Recruitment junction
The Welcome Dirertory
Upbeat Communities
Willowfield Parish Community Association
Your Place (London) Ltd
5.000
io,cM)o
15,OOQ
5,OOD
5,000
5,QOO
5.000
6,500
5,000
292.125
Mlscellaneous
Charlties Aid Foundation12 grantsl
The Bi8 Give12 Èrantsl
125.000
52.500
177,5CX)
Total overall
1.049,250
RELATED PARTY TRANSACTIONS
There are no related party transactlons in the year.
FUTURE COMMITMENTS
The Trustees have made non-binding eiant commltments payable In the next three years a5 follows..
2024
2025
2026
2027
Cornmltment5 brought forward at l January 2024
Commltments paid during the year
Commitrnents made during the year
Commitments deferred
331,750
1321,7501
156,000
90,000
250.500
iO,(KJO
98.000
67,500
iio,0001
Commitments carried fonNard at 31 December 2024
416,500 188,000
67,500
In prineiple commitment5 amountin8 to £443.60112023 £484,101) have been made but not scheduled; the Trustees will
make a flnal decision on the award of these grants only when eertain condltions have been met.
18

The Maurice & Hilda Laing Charitable Trust- A Registered Charity
NOTES TO THE FINANCIAL STATEMENTS
as at 31 December 2024
FIXED ASSETS
Ioal QUOTED INVESTMENTS
2024
2023
Llsted
Listed
Opening rnarket value
Disposal proceeds
Add: acquisltlons at cost
Investment 8ains/llosse51
22,976,475
14.826,5321
4,921,893
1.452,599
23,395,960
14,202,820)
2,927,489
855,846
Closing market value
Cash held within the investment portfolio
24,524,435
66,321
22,976.475
1,016,247
24,590,756
23.992,722
Closing historical cost
19.783,862
18,795,518
No investments comprise more than 5% of the value of the portfolio at 31 December 2024.
Iobl SOCIAL INVESTMENT
A freehold property was purchased In the year to 31 December 2023 for the use of the charity, Hope into Actlon Coventry.
This purchase price plus subsequent additions to the property are capltalised in the accounts at cost. No provision has been
made for depretlatlon as the Trustees are of the oplnion that the recoverable amount of the property is not lower than the
carrying value. An annual impairment review will be performed by the Trustees to ensure that no change to this opinion
occur5.
11. CASH
2024
2023
Bank of Scotland
Rathbone5
Income account
390,568
100,614
11,622
12,530
402,190
113.144
12. LIABILITIES: amounts duè wlthln one year
2024
2023
Accountancy services
Audit services
Investment managers
Employment costs
Building costs
26,122
4,980
29,509
26,256
514
24,643
4,680
28,791
87,381
58,114
19

The Maurice & Hilda Laing Charitable Trust - A Registered Charitv
NOTES TO THE FINANCIAL STATEMENTS
as at 31 December 2024
13. UNRESTRICTED FUNDS
Expendable
Endowment Income
Total
2024
2024
Unrestricted funds comprise the following..
Investments
Cash
24.792,490
807,092
129,5091
1462,7741
24,792,490
402,190
187,3811
1404,9021
157,8721
462,774
Creditors
Transfer between funds
25,107,299
25.107.299
Expendable
Endowment Income
Total
2023
2023
Unrestrlcted funds comprise the following..
Investments
24,194.456
24,194,456
113,144
158,1141
Cash
370,623
128,7911
1286,8021
1257,4791
129,3231
286,802
Creditors
Transfer between funds
24,249.486
24,249,486
The transfers between funds represent the excesses of expenditure over Income during the years.
14. RECONCILIATION OF NET MOVEMENTS IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
20Z3
Net movement in funds las per the Statement of Financial Activltlesl
IGainsl/losses on investments shown in investing activltles
Deduct Investment income shown in investlng activitles
Ilncreaselldecrease In debtors
Increaselldecreasel In creditors
857.813
11,452,599)
1725.1821
453,356
1855.8461
1752,4021
29,267
110.0121
Net cash used in operating actSvities
11.290,7011 11,164,904)
20