The Alan Robert Laken Charitable Trust
Registered Charity Number: 1158209
Report of the Trustees and Financial Statements
Year Ended 5 April 2024
Higgs LLP
3 Waterfront Business Park
Brierley Hill
West Midlands
DY5 ILX

The Alan Robert Laken Charitable Trust
Index to the Financial Statements
Year Ended 5 April 2024
Page
Contents
Reference and Administrative Information
Trustees, Annual Report
Statement of Financial Activities
Balance Sheet
10-12
Notes to the Accounts
13
Independent Examiner's Report

The Alan Robert Laken Charitable Trust
Reference and Administrative Information
Year Ended 5 April 2024
Governing Document
The Charity is governed by a Declaration of Trust dated
4 June 2013.
The Charity's registered charity number is 1158209.
Trustees
Miss Judith Kay Laken
Mr Robert Hugh Laken
Mr Philip Oaten
Clerk
Ms Kirsty McEwen
Bankers
Barclays Bank PLC
Edgbaston
Birmingham
B16 8PE
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Mailing
Kent
ME19 4JQ
Solicitors
Higgs LLP
3 Waterfront Business Park
Brierley Hill
West Midlands
DY5 ILX
Investment Managers
Evelyn Partners
9 Colmore Row
Birmingham
B3 2BJ
Financial Advisors
Oculus Wealth Management (Wolverhampton) Limited
2 Grove Park Court
Harrogate
HGI 4DP
Independent Examiners
Churchill Taxation
835 Birmingham New Road
Tipton
DY4 8AS

The Alan Robert Laken Charitable Trust
Trustees, Annual Report
Year Ended 5 April 2024
The Trustees present their annual report and financial statements of the Charity for the year
ended 5 April 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 Charity's governing
document, the Charities Act 2011 and the Statement of Recommended Practice applicable to
the charities preparing their accounts with the Financial Reporting Standard applicable on I
January 2019.
structure, Governance and Management
The Charity was registered with the Charity Commission on 12 August 2014 under registered
charity number 1158209, and is constituted under a Declaration of Trust dated 4 June 2013.
Trustees must hold one meeting each year, either in person or by suitable electronic means.
The quorum at any meeting is at least one third of the total number of Trustees at the time,
or two, whichever is the greater.
At the Trustees, meetings, the Trustees agree the broad strategy and areas of activities for
the Charity, including consideration of grant making, investment, reserves and risk
management policies and performance. The day to day administration of grants and the
processing and handling of applications prior to consideration by the Trustees is delegated to
the Clerk.
The Trustees would take account of the recommendations of the ICSA best practice guide
'Recruitment, Appointment and Induction of Charity Trustees, should the need to recruit new
Trustees arise. The Trustees would look to recruit in light of an appropriate skills audit of the
current Board and taking into account the experience, expertise and diverslty of the current
Board, as well as their knowledge of the Charity's area of benefit and beneficial class.
The ultimate decision on selection is a matter for the Trustees.
On appointment new Trustees sign a Trustee Declaration and Undertaking committing them
to the giving of their time and expertise. It also confirms their ability to act in the role of
Trustees. When required, the induction process for new Trustees will follow the ICSA good
practice guide. Any induction programme for new Trustees will be led by the Clerk and will
include initial training on the grant making process, the duties and responsibilities of the
Trustees and the role of any sub committees. A welcome pack wibe provided including,
amongst other information and guidance, a brief history of the Trust, copy of recent Trustee
(and sub committee) minutes, a copy of the last three years of annual reports and accounts,
a copy of the Governing Document and a copy of the Charity Commission's guidance'The
Essential Trustee: What You Need to Know, and 'Charities and Public Benefit,.
The Trustees intend, with the support of the Clerk, to begin activities as against the Charity
Governance Code to ensure they are compliant with the law and relevant regulations and
that they are promoting a culture in vvhich they are working towards fulfilling the Charity's
vision.
All Trustees give of their time freely and no Trustee remuneration was paid in the year other
than that disclosed in the accounts. Trustees are entitled to claim reasonable out of pocket
expenses and where they do those are noted in the accounts.
Trustees are required to disclose annually (and as they arise) any potential interests which
might conflict and register them with the Clerk and in accordance with the Charity's written
conflicts of interest policy.

The Alan Robert Laken Charitable Trust
Trustees. Annual Report
Year Ended 5 April 2024
Legacy
The Charity received a substantial legacy during the year, to be applied for the ongoing
administration of the Charity and to continue to award grants to beneficiaries for many
years. The Trustees wish to record their thanks to that family member for the significant
contribution that the legacy will make to the work of the Charity moving forwards.
Risk Management
The Trustees have considered the major risks to which the Charity is exposed and have
reviewed those risks and established systems and procedures to manage those risks.
The major financial risk is the variability of investment returns on the portfolio and its impact
on income levels and capital growth. The Trustees have actively sought to manage this risk
by appointing Evelyn Partners as Discretionary Manager of the investment portfolio. Their
role is to monitor the performance of the portfolio, to take appropriate action to mitigate any
loss to the portfolio, and to ensure that the objectives as detailed in the Investment Policy
Statement are following and reviewed annually.
The major operational risk is the extent to which grants awarded to individuals and
charitable or not for profit organisations advances the objects of the Charity and demonstrate
sufficient public benefit. The Charity has managed its risk by retaining Trustees of sufficient
expertise and experience, and through the quality of the institutions and the people who they
support. In addition, the Trustees rely on the Clerk to undertake appropriate and
proportionate due diligence on applications and ensure all grant giving retains a focus on the
public benefit.
The major regulatory impact of the Common Reporting Standard ('the CRS,), on the
operation of the Charity. CRS is being an international tax transparency regime aimed at
preventing tax evasion. CRS came into force from l January 2016 and the Charity is now
required to provide information about their beneficiaries, tax residency status to HMRC, who
will then share this information with the appropriate tax authority in other jurisdictions.
The Charity is subject to this regime because it relies on investments for more than 500/0 of
its income and those investments are professionally managed by a financial institution under
discretionary mandate. This means the Trustees are required to carry out due diligence to
establish a tax residency status of all beneficiaries, keep records of efforts to comply with the
regime, register with HMRC as a financial institution ("Financial Institution") if they have
reporting requirements and report to HMRC if required.
The grant application process is reviewed annually and the grant application form expanded
to collect the necessary due diligence information that is required in order to establish tax
residency status of all grant recipients, both individuals and charity and not for profit
organisations. This includes additional information including tax resident jurisdiction, tax
identification number (for individuals) and entity status (for organisations). The Trustees will
keep this under review.
Objects and Activities for the Public Benef it
The objects of the Charity are'to make grants to such charities and for such charitable
purposes as the Trustees shall in their absolute discretion decide"
The Trustees confirm that they have referred to the guidance contained in the Charity
Commission's general guidance on public benefit when reviewing the Charity's objects and
purposes and in planning future activities and setting the grant making policy for the year.

The Alan Robert Laken Charitable Trust
Trustees. Annual Report
Year Ended 5 April 2024
The Trustees have set a Grant Making Policy and review this on an annual basis. This is
available on request.
The Trustees have a wide discretion to make grants to charities and for charitable purposes,
but for the year ended 5 April 2024, have decided to focus their activities on:_
l.Charities (registered or otherwise) and voluntary organisations (for exclusively charitable
purposes) in England and Wales only that seek to relieve those in need by reason of youth, ill
health, disability, financial hardship or other disadvantage, specifically for the benefit of
children and young people. and
2.Charities (registered or otherwise) and voluntary organisations (for exclusively charitable
purposes) in England and Wales only involved in the advancement of animal welfare
(specifically those animal charities involved in relieving need or ill health, disability or other
disadvantage amongst humans.
The Trustees confirm that they have referred to the guidance contained in the Charity
Commission's general guidance on public benefit when reviewing the Charity's objetts and
purposes and in planning future activities and setting the grant making policy for the year.
The Charity carries out its objects by providing grants to individuals (for exclusively
charitable purposes) and to charitable and not for profit organisations within the area of
benefit (for exclusively charitable purposes).
By focusing on these areas, the Charity achieves its strategic priority of maintaining a stable
grant making programme, with balancing support to individuals and to charities and
voluntary organisations (for exclusively charitable purposes).
Grant Making Policy
The Charity has established its grant making policy to achieve its objects for the public
benefit, to improve support to charities and voluntary organisations (for exclusively
charitable purposes) within its objects and to advance the public benefit. The Trustees
review the grant making policy annually to ensure it reflects these two principles.
The Trustees have power to spend or retain both capital and income. Thus both income and
capital is expendable without distinction in furtherance of the objects.
The Charity's beneficiaries are charitable organisations and voluntary organisations (for
exclusively charitable purposes). All organisations must demonstrate that the activities they
undertake advances the public benefit.
The general policy of the Trustees is not to give retrospective grants and the Trustees will
only consider one application from any applicant.
Grant Making Procedure
Applications can only be considered if they are on the Charity's standard application form.
The application form must be completed and returned (together with a copy of any
supporting information relevant to the application) to the Clerk at least four weeks before the
meeting at which the application is to be considered.
The Trustees meet once a year to consider applications.

The Alan Robert Laken Charitable Trust
Trustees. Annual Report
Year Ended 5 April 2024
It is the policy of the Trustees to consider grants on an equal opportunities basis, regardless
of gender, religion and ethnic background.
Public Benefit
The Trustees confirm that they have referred to the information contained in the Charity
Commission's general guidance on public benefit when reviewing the Charity's objects and
activities, their grant making policy and plans for future period. The objects and activities of
the Charity are largely determined by the provisions of the Trust deed, and from there the
Trustees exercise a discretion in considering how best to meet the public benefit test and
ensure that as many individuals and charitable and not for profit organisations with
particular needs will gain advantage.
Monitoring and Achievement
The Trustees have continued with an aspiration to seek a reasonable return over the long
term, In recent years the portfolio has shown a welcomed recovery and it is considered that
the long term objectives to meet income needs and grow the capital remain obtainable.
During the year the performance of the principal investment portfolio was managed by Mr M
Willis of Evelyn Partners and was considered satisfactory with all benchmarks being largely
achieved.
Financial Review
The Charity's work is entirely reliant on income and investment returns from its capital. As
at 5 April 2024, the value of the capital fund stood at £601,675 (2023.. £581,449). During
the year the income of the Charity was £251,808.05 which was comprised of investment
income of £16,978.27 (2023: £17,530.51) and a legacy payment of £234,829.78.
The i nvestment powers of the Trustees are wide and allow the Trustees to invest funds in any
matter (after taking such advice as they consider necessary) and having regard to the
suitability of investments and need for diversification.
Investment Policy and Performance
The principal investment holdings of the Charity comprise funds and portfolios of quoted
securities. As at 5 April 2024, the value represented 100 % of the Charity's investments.
The management of the portfolio is undertaken on a discretionary management basis by
Evelyn Partners and the written investment policy is reviewed on at least an annual basis by
the Clerk in conjunction with the investment managers and ultimately approved by the
Trustees.
The discretionary managers are instructed to maximise the income on the portfolio whilst
preserving the capital, within the constraints of a medium risk investment portfolio.
Following investment advice, the Trustees agreed to retain cash on deposit with Evelyn
Partners for the capital account of £2,566.85 (compared with 2023., £5,701.76) and for the
broker account of £2,942.66 (compared with 2023: £2,369.32). Cash in bank with Barclays
Bank of nil (compared with 2023: £1,959.03) and cash in bank with CAF Bank Ltd of
£244,431.29 (compared with 2023: £10,991.72),
Reserves Policy
The vvhole of the Charity's capital is expendable and this distinction between capital and
income is not relevant. The Trustees appreciate that the general principles of charity law
require Trustees to spend their income within a reasonable period of receipt.

The Alan Robert Laken Charitable Trust
Trustees, Annual Report
Year Ended 5 April 2024
The Trustees have set and agreed a policy which broadly identifies the framework within
which the Charity will operate its reserves. The intention is that the Charity will retain an
appropriate and reasonable level of reserves whilst concurrently ensuring that it uses the
income in a manner that is within the objects at the best interests of the Charity and its
beneficiaries.
Since the Charity mainly receives all of its income from the investment portfolio, the Trustees
are mindful that the source of income can be volatile and subject to sudden changes in the
market. They are concerned that in any year there is a risk that they cannot meet their
ongoing administration and professional expense commitments as and when they arise, due
to any fluctuations in the market which may prevent or significantly reduce income.
The Trustees have therefore considered, in conjunttion with the professional advisers, the
level of reserves to retain from surplus unrestricted funds. They have decided to build up a
pot of reserves equivalent to one year's administrative and professional expenses but
excluding grant commitrnents. This will ensure that should there be any fluctuations in the
market which reduce the income available for distribution, the Charity can use its reserves to
continue to meet its obligations and liabilities as and when they fall due.
Plan for Future Periods
The Trustees believe their grants have translated into significant public benefit. The Charity
is a lasting testimony to the generosity and charitable concerns of the Settlor, In cementing
the arrangements already in place, and continuing with its current activities as set out in this
report, so that the many and varied charitable and not for profit organisations, and
individuals may continue to benefit in real terms from its financial support, the Charity aims
to provide a longer term commitment and thereby encourage and support individuals and
charitable and not for profit organisations within the area of benefit.
The intention is to continue a programme of grant giving which will translate into significant
public benefit. The Trustees will focus on those individuals and organisations who would
benefit in real terms (impact) from its ffinancial support, thus providing and ensuring a longer-
term commitment to support.
Trustees. Responsibilities in Relation to the Financial Statements
The Trustees are responsible for preparing the Trustees, Report and the financial statements
in accordance with applicable law and regulations and United Kingdom Accounting
Standards. The law applicable to charities in England and Wales required the Trustees to
give a true and fair view of the state of affairs of the Charity and of the incoming resources
and application of resources, including income and expenditure of the Charity for that period.
The Trustees are responsible for keeping adequate 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 Governing Document.
They are also responsible for safeguarding the assets of the Charity and hence for taking
reasonable steps for the prevention and detection of fraud any other irregularities. The
Trustees are responsible for the maintenance and integrity of the Charity and financial
information included on the Register of Charities.

The Alan Robert Laken Charitable Trust
Trustees. Annual Report
Year Ended 5 April 2024
Approved by the Trustees and signed on their behalf by:
Miss J K Laken
Chair of Trustees

The Alan Robert Laken Charitable Trust
statement of Financial Activities
Year Ended 5 April 2024
Notes
Unrestricted
Funds
Total Funds
2024
2023
Income resources:
Legacy received
Income resources from
generated funds
234,829.78
234,829.78
16 978,27
16 978.27
Total incoming resources
251,808.05
251,808.05
17,531
Resources expended:
Investment management costs
Charitable activities
Cost of grant making
8,432.86
10 474.00
18,906.86
8,432.86
10 474.00
18,906.86
9,065
23,543
Governance costs
10 268.25
10 268.25
Total resources expended
29,175.11
29,175,11
31,953
Net (outgoing)/lncoming
resources before other
recognised gains and losses
222,632,94
222,632.94
(14,422)
Realised gains/(losses) on
investment assets
3,807.98
3,807.98
27,913
Unreallsed gains/(losses) on
investment assets
24,621.30
24,621.30
(75,804)
Net movement in funds
Reconciliation of funds
Total funds brought forward
595 105.07
595 105.07
657 417
Total funds carried forward
846 167.29
846 167.29
595 105

The Alan Robert Laken Charitable Trust
Balance sheet
Year Ended 5 April 2024
Notes
Unrestricted
Funds
Total Funds
2024
2023
Fixed Assets
Investments
601 675.00
601 675.00
581 449
Total Fixed Assets
601,675.00
601,675.00
581,449
Current Assets
Cash with bank
Debtors
244,431.29
61.00
244,431.29
61.00
15,320
61
Total current assets
244 492.29
244 492.29
LiabilitFes
Creditors falling due within one
year
Net current assets
244 492.29
244 492.29
Total assets less current liabilities
846,167,29
846,167.29
595,105
Creditors falling due after more
than one year
Net assets
846 167.29
846 167.29
595 105
The funds of the Charity
Unrestricted income funds
846 167.29
846 167.29
595 105
Total Charity funds
846 167.29
846 167.29
595 105
The notes on pages 10 to 12 form a part of these accounts.
Approved by the Trustees and signed on their behalf by:
Miss J K Laken
Chair of Trustees

The Alan Robert Laken Charitable Trust
Notes to the Accounts
Year Ended 5 April 2024
l. Accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historic cost convention, with the
exception that investments are included at market value. The financial statements have been
prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting
by Charities (FRSEE) issued in January 2015 and applicable UK Accounting Standards and the
Charities Act 2011.
(b) Funds structure
The Charity has one fund, an unrestricted income fund. This is a fund which the Trustees are free
to use for any purpose in furtherance of the charitable objects. Unrestricted funds include
designated funds where the Trustees, at their discretion, have created a fund for a specific
purpose.
(c) Incoming resources
All incoming resources are recognised once the Charity has entitlement to the resources, it is
certain that the resources will be received and the monetary value of incoming resources can be
measured with sufficient reliability.
(d) Expenditure on raising funds
Liabilities are recognised as resources expended as soon as there is a legal or constructive
obligation committing the Charity to the expenditure. All expenditure is accounted for on an
accruals basis and has been classified under headings that aggregate all costs related to the
category.
Grants payable are payments made to charitable organisations in the furtherance of the charitable
objects of the trust. Single or multi-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 receive a grant
and any condition attaching to the grant is outside the control of the Charity.
Provisions for grants are made when the intention to make a grant has been communicated to the
recipient but there is uncertainty about either the timing of the grant or the amount of the grant
payable.
(e) Expenditure on generating funds
The costs of generating funds consists of investment management fees, legal fees, accountancy
fees and other governance and regulatory fees.
(Q Charitable activities
The cost of charitable activities includes grants made.
(g) Governance costs
Governance costs comprise all costs involving the public accountability of the Charity and its
compliance with regulation and good practice. These costs include costs related to the preparation
of the accounts, the independent examination fee and legal fees.
(h) Fixed asset investment
Investments are stated at market value as at the balance sheet date. The statement of financial
activities includes the net gain and losses arising on revaluation and disposals throughout the
year.
(i) Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains
and losses on investments are calculated as the difference between sales proceeds and opening
market value (purchase date if later). Unrealised gains and losses are calculated as the difference
between and market value at the year end and opening market value (or purchase date if later).
Realised and unrealised gains are not separated in the Statement of Financial Artivities.
io

The Alan Robert Laken Charitable Trust
Notes to the Accounts
Year Ended 5 April 2024
(i) Contingent liabilities and provisions
In accordance with the SORP, a contingent liability is disclosed for those grants, which do not
represent lia bilities, where the possible obligation, which arises from past events, wi I l only be
confirmed by the occurrence of one or more uncertain future events not wholly within the
Trustees, control. Provisions are recognised for those grants where there is uncertainty as to the
timing or amount, and any uncertainty regarding the amount is more than one of determining a
basis for reasonable esti mation of the liability arisi ng from that constructive obl igation.
2. Related party transactions and Trustees. remuneration
Oculus Wealth Management (Wolverhampton) Limited were paid an advisors fee of £3,441.98
(2023: £3,671). One of the trustees, Mr Philip Oaten, is employed by Oculus Wealth Management
(Wolverhampton) Limited.
3. Legacy income
The Charity received a legacy payment of £234,829.78,
4. Investment income
2024
2023
Dividends - UK equitities
Dividend5 - Non-UK equities
Interest - U K fixed interest securities
Interest on cash deposits
Interest - Non-UK fixed interest securities
11,692
1,625
2,365
334
962
14,623
1,127
639
20
5. Investment Manager's costs
2024
2023
Evelyn Partners
Oculus Wealth:
4,991
2,868
574
5,322
3,059
612
72
Fees
VAT
LEI Fees
6. Analysis of charitable expenditure
The Charity undertakes its charitable activities through grant making and awarded grants to a
number of organisations in furtherance of its charitable activities.
Grant funded activities:
2024
2023
Dogs for Good
Kids Konnect
Make Them Smile
The Island, Nl
British Disa bled Angling Associated
Douglas Bader Foundation
In Touch / Kids United
SNAPS
The Second Chance Children's Charity
3,000
2,000
3,000
2,474
2,500
2,750
2,000
5,228
2,000
Total

The Alan Robert Laken Charitable Trust
Notes to the accounts
Year Ended 5 April 2024
7. Governance costs
2024
2023
Independent examination fee
Bank charges
Legal fees.. Administration
Accounts preparation
Incorporation
VAT
68
5,750
1,500
1,250
io
5,750
1,250
8. Fixed asset investments
Movement in fixed asset investments
Market value as at 5 April 2023
Additions to investments at cost
Disposals at carrying value
Net gain/(loss) on reval uation
Net movement on cash
581,449
186,455
(187,716)
24,621
648,325
105,351
(90,790)
(75,804)
Market value as at 5 April 2024
601 675
581449
Investments at market value comprised:
2024
2023
Equ ities
Fixed interest securities
Cash held within portfolio
475,072
121,091
487,991
85,386
Total
601 675
581 448
9. Analysis of current liabilitites and long term creditors
Creditors under l year
Legal fees
VAT thereon
Independent examiner's fee
1,438
288
12

The Alan Robert Laken Charitable Trust
Independent Examiner's Report
Year Ended 5 April 2024
I report on the accounts of the Charity for the year ended 5 April 2024 which are set out
on pages 8 to 12.
Respective Responsibilities of Trustees and Examiner
As the Trustees you are responsible for the preparation of the accounts; you consider that
an audit is not required for this year under section 122{2) of the Charities Att 2011 (the
2011 Att) and that an independent examination is needed. It is my responsibility to..
examine the accounts under section 145 of the 2011 Att;
to follow the procedures laid down in the general Directions given by the Charity
Commission under settion 145(5)(b) of the 2011 Act. and
to state whether particular matters have come to my attention state.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the
Charity Commission. An examination includes a review of the accounting records kept by
the Charity and a comparison of the accounts presented with those records. It also
includes consideration of any unusual items or disdosures in the accounts, and seeking
explanations from you as Trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit, and
consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
(i)
which gives me reasonable cause to believe that in any matertal respett the
requirements
to keep accounting records in accordance with Section 130 or the 2011 Att.
and
to prepare accounts which accord with the accounting records and to comply
with the accounting requirements of the 2011 Act
have not been met; or
(2)
to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Signed:
Name:
Relevant professional qualification or body:
Address: itxj -rf * 54-S
Date..
13