t)ocu&gn En￿ ID.. AL17c￿ls230￿4OlE￿g$ButKj1fv2B4g2D
Chrity r•gislrntion numb•r 1175245
Cony•Thy r•gltsatlon numb•r 10780620 (England and Wal￿}
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
LEGAL AND ADMINISTRATIVE INFORMATION
Chris Maybury
Lofd LaKlaw of Roth
Sr Damd Cart
Dame Louise RiL*thson
Ja Doy
(Appointed 13 January
2022)
Charfty numI￿r
1175245
CompAny n¢mib•r
10780520
6 Slardey Street
Greatgr ￿n¢*￿ter
M3 5GS
Audltor
A20tsAudit Sw¥i
T11￿￿M 1
g's Inch Plac*
Ronfw
R•nfr¢wslir•
Unrted lfjngdc*D
PA48

DO￿￿90n Er￿￿4¢F¢ ID.. ￿l7c6F1C-23O￿1E￿9wc2tKI7A2B4v￿1
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
CONTEKrs
P•g•
Trustses. reF(fft
Statsment ofTN8t¢•$' fespon%kn￿rt
12
IndepoThJ*nt auditorf8 report
13-15
Stat•ment of f￿andal xtiVI￿•s
16
Balan¢0 8he¢l
17
Stalgmgnl of cath fl(￿5
18
Notes to the financial $tataments
19-28

LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JULY2022
Th• Tru8t¢•s pr•sent Ihwr ￿nY•1 rermxl arxl fuwnaal Statem￿ *)r the ￿r éndod 31 J￿Y 2021
The finaN4al st*tenwnt$ havo be￿ prnp•rnd kn ￿n¢& with th• •cuMmlirMJ pol￿$ W cArt in not• 1 to th0
financial statements and eompty with the ckntt8ble Mon￿14ndum and A￿deS of A8sodatbn. the
Companlos Ad 20C6 aThJ 'ACC￿nting ￿ RewliThJ by ChBritss'. stateMw￿ of R•c£ffim¢TrJed PTrdic8
4pplicable to thaithes preparing th￿r accounts In acwrdancè wlth the ReFrfJtrg Standard appllcable in
the UK WKI RewblK of IrglwKI (FRS 102>.
Obl•ctJvM •rMI •ctlvlll••
Incorporoted on 19th May 2017. the obj'ed of the FoundaU¢)n ts thè advancement of èduta￿¢)ft, esp8Ci81ty the
educallon of deprive(l young peoF48, Yi parti￿18r by means of grants and other lonns of financlal 86sislan¢e lo
In81ilutions wht¢h aro wg•d In th• pmwskjn ol •du¢alKffial pwt of the wivhj.
During this ffinandal year the Foundation's actfvities wefo the pro¥i$K)n of fvndlng kn 1hreè maln areas..
Lgidl8w Schools Trust. Laidlaw Undergraduate s￿￿¥T$hips •nd lthmèn4n-Busines$ S¢holarnhI￿. Across tho
three programrnes Ihe Foundalh)n invests In edu¢atlon ol the undwth*td and under￿￿e30nféd In ordér
lo break tho oydo of pov¢rty. feduce ingquakty and develop • 9er*rtt￿ of olhi¢al1oadorts.
LAIDLAW SCHOOLS TRUST ILST) (company number 057350931- AFvoved ty The Department lor Edwion
4$ 8 MU￿￿0¢0￿emY $Fon$or. the mkq8ion of this trust 18 lo work in partMr8hlp wllh ¢hlldf•n. th•lr families and the
wlder ¢ommunlty. by providing a sofg and nurturirvJ emlronmenl for each child, irre5peclive of abllty or
bac*giound. Its 8im is to •mpow•r chddr•n to bdl•ve In Ihemselves and lo embrace the fvtura as 8Cti￿,
re8pectlul and reBponslble ribz¢n$. Th• Tru$l is based in Ihe North Easl of England. 8erying childr•n gnd f8mili•$
in the wesl of Newca8lle, In Pennywg11 and South Ftykn in Sunderfand, and in Sedgefield in County Durham.
The Trust's vlslon is lo transform the IN•$ of childr•n and ¢>)mmunit￿8 in tha North of England through
In8plrnUonal •ducallon'.
LAIOLAW SCHOLARS- The Found•tion pgrfn•r8 wilh1•8ding unr4ffsrbes around tho workl to run a L•gderJhip
and R8s•af¢h Schdar8 Programme lor thelr mosl outstsnding und8rgraduat8s. The PLwpose 68 to pro￿￿e
fvnding to the Univernilie$ lo recrurt and de¥eb)p stLthnts MTrth Ihg PQtgntl81 to t)ecome Igaders In Ihew d)o$en
occupatlons. There are ffi¥e ccfe e￿ments to tho programm•'. a ro8¢arth proJe¢l, 198d•rship training and
development, a Ioadtrshipwfvaction expèrie￿6, #n eth￿1 leadership mAstgfdass and 8 gk)b81 vlrtual nètrMrk.
By working wth an acadernic supeN60r OT a sklle(l and èxpèri•nc•d rasèarch loam {?nd in some cases bolhl,
scholars develop tholr abllltl88 In analysls. pToblem sc4vi19 dats mana9emenl. Leadersh￿ trainkng and
development coveTs core leadership skils, attnbutes and vahJe$. The leadershlpkn-a¢av)n ImmersNe exper￿n¢
¥nsur8s (hat Scholar8 know the praC￿ce as wel a5 the theory of lèadorship. It 1$ ￿$0 dosigntsd lo ￿￿tAte their
yndtsrsianding of diverse and developing communths. makir¥J them better global crtFzen8 8nd building the
moral musde. A custom masterdass delpmed by the Lonth)n BusTh8s S¢lKd on ethical leadeTsh¥> lurth
dèvelops their Int89rity and r8sitsenea.
WOMEN'S BUSINESS ECrfJCATIONAL SCHOLARSHIPS - Tre programm&'s aim 1$ lo encourage more women
to graduate with an M&4, ramoving one of Ihe ob5tades to women athiewng pay party and battar
representation in •xerJJtNe l•adershsp mles. The prograrn￿ Spon￿ women from SOa￿0)nOMicallY
dlsadvantsged backgrounds to &arn their MBAS from London Business School and Oxlord's Sgld Bu$ine85
Schoc4, giving 1htm accass both to an unparalekd bu￿ne$S oducatKffl and wovld dass nefv￿rks. London
Bu$ine8s School ha8 c8mpuse$ In LoNlon and Dubai. and a presence in three addthonal intemats)nal C￿.¢8-
New York, Hong KoThJ and Shanghai. rt is consist8nty ranked among the best bjsiness schools globaly and is
widety acknovle(Iged as 8 onlre far OLrtstsnding Ms•arch. The School has more than 44,000 alumni working in
over 155 countries. Oxlord's SaTd Buslness S(￿￿1, emwdgd in the old85t unwersty in the EThJllsh-yaking
worfd, 15 a young and innovalive bus￿¢$5 schod that se¢ks to d￿￿10p the nexi generation of busness leaders
and entrepreneurs. Oxford SaTd offers 8 broad range of bwness-rdated tsgree programme$ and execulve
edu¢ation taught course6. The sch(xil uses its a¢ademi¢ strèiigth$ and global n8trwork lo addres$ long-tem
transf0mlat￿nS suth as dwnate thange and Ihe impKI of t¢chr￿￿0Y. The Foundation prèviously provided
s¢hol8rship at Columbia Business School also but has not ren￿d tts qfft agr8qnwnL

LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY2022
Nw• ￿ •¢d¥llkn• •tart•d In th• y
In th• yw •r#ling 31 Juty 2022, nw gft •af•w*￿ tAw• &•t•d wlh thrw ¢ol*•$ al the Lkthr•ity of
Cambridge, Georgetown Univwsty the Swi8J Federnlion Instilute of Lausann• IEPFL> to run Undèrgra(knle
L68dw8hlp and R￿arth SctyJlars prowmes commencty In the academoc yaar 22r23.
The glft 8grt•mènl was rentrwèd for arth thrèè yo¥s at Urnr8dy OfT￿Ont0.
Tha awrag8 glft agre•M￿ kn th• Ur*aduate SdKAws progrwnm• Is E277k 8Mualty forllve•
An agwmenl wa8 al80 $tyn•d on 21 S•Fthkn 2021 wrfh Trnty Coll898 ￿lIAn to fund P•tlw•ys for IAlim
In Bu8￿3$. ThL8 a prtyr¥mry* *thlch •lms lo h•lp Ihe rTh)st dlsodv8Wd. exr￿mIed. Ind dlsempoHw8d
wc#nen130) kn Ihotr erwjagement wlih adufakxo to bulld and wrtr8pr•neurfal car•m.
Tho Tw8t•08 pald ro98rd lo Wn¢*18￿￿1 ty th• Ch¥*y Commltsh)n kn d8ddlng ¥b4181 adfvftt•8 th•
Foundatim undw*o.
L•ldl•w 3¢hoo1• Tnwt IL8n
Th• FO￿datiOn sponsorn LST. * kYiyMng muti￿a￿nY tru81 In the North E88t of England that
dl8a¢fvantaged commLmtti08. In FY2022 thero ￿1? 7 aC￿l•M1&y wthn LST.. al through 6¢hool8, OM
Jwondary sthool and four pffl￿ry sclM>ols. Th¢ 8cthool• 110￿￿• the nationd av•rng• for ev•ry Ma￿•r of
dl8thantag8d corTwnunlU88.' Fr90 SdbooJ$ Mod8. Pupm Pr8mhJn. Sp8d81 Education81 N•eils, Englroh
on Addth'onal Language and mo￿lty. The Foundab'M gfft$ add￿On01 to th• Tru$l Sn ord•r lo pay for hdf
of the cenlral tgam ￿$1¥ and to T￿$9 fv kn¥el d(Und￿ per pupl lo the Iwol a8 that of 8 LoTrJon boriKyh
Sn ord•r lo give ¢hildf•n b•tt•r lif• Chan￿. Th• of th• fvYogf•nYn• is ¢0 h•lp break Ihg Cydv of pov9rty
and g•ner•tlM41 un•ftWoym•nt kn tr*xth E4•t EngthThJ.
The Tru51ee8 have due reg8ffjd to guidanr* IBswd by the Ch*ity CoffwniMv)n in d•ddlw ¥that xtl%thi th•
chat11a￿ Company sh(￿k1 uThlertakn.
A¢N•v•m•nlB and p•rfornMn
By funding the central team, the Foundation ensures that..
. SGhools arg asked tr a $maN8r lop 8lw' of thglr fvnds lo ￿ntral a)sl& LST ￿deM￿S pay 2.5% of
th•ir irhxm• comparo(I to th• natK)nal KIAT nomi crf S+%.
. IT and pmp•ty mThg•mwrt CQ8ts fAn b• Iytlol•d r•dudry th• twol¥l• and Intarilblè co811 for
schools.
. HR for 811 the sthods 18 oul8ourced to ¥ tr¥fd party who wothe8 re¢r￿trnent. d￿k￿.
le9￿ and r061ru¢tudng Support 1¢ thè gchoots, alknthi ec*￿8 to opt#ni8e thèir Staff and 1g•m
Flnance and admlnl8tratknn18 manag•d centraltry. en8urfNJ that M￿age th￿r b￿a￿t$ efik•,
maintain apprcsjriale ffinanu* reser￿. and avoNJ the financial stresyes tlweats that many $LtrJob fKe.
. Estste5 planning is prudenty financed and quality contrThled.
. Best practKe teaching and methodolcgies ¥ffjthJ d•1* ￿rIN￿￿M8 ar• d8*d for and
•mb8dd•d al evory school.
. EdToth and dlgltal lgambng Is I￿Y 8n8tthl thmughout Ihe Aradonth. that ￿ LST wpll8
ax•¥s•d and •ngag•d with R¢mot• L•omir¥J.

LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORD ICONTINUED)
FOR THE YEAR ENDED 31 JULY2022
attendanc8. beh￿QUr. w*farg. h8*th w0lbgw￿.' (Igilal 81rnt•￿. ip*xl •d￿allon ntièds; irrtemational ngw
s￿￿1 R8adlne8s Induded:
A programme wilh 8 feeder nurnery S¢*￿4 to w￿*jo free day for tW￿YOar okjs. The program
moasur8s prograss in sevon core areas..
P•rnonal. sodal aThl omc￿t)nol
2. Phy￿¢al doxlerity
3. Communk•ticffi •nd *u•g• skils
4. Llt8racy
5. Malh?mats'¢s
6. Understanding oftr* Tworfd
7. Expre6Bl¥e art ind c4)th1rf1•8
Sm•l8r Cl•s• Slz•8 thd￿..
. Addthnal 1gach8rs In kay r8POrtwvJ years
. Addthn•l t•ach8rs targ•lkng sp8dW weak L¥
H&her IMI To8thing A8$1slarf$ lo WPF4MI int•Mntion gro
. Toach Flrst candldales lo reduc• da8$ sk•$ 'gr¢)Af wr Mi, t•**•N
Attendèr￿. Beha￿oUr, KWlar• Heath and Ihwbelng Pro￿$th In(a*Jod:
Building and dev•loping weltsr• sw wilhin schools
. ￿lIar0 famlty WFQrt worker
Counsdlng and emotional support
. Pgr8onaM8ed cwem ad¥ice for slud*
. Altemolive prw51￿ ad¢knd
Dlqlld Slr•tegy Indu￿￿..
. New Chrorn¢book$ •0 Ihjt all thilthfjn w acixss rvAntsto Iwn
. su0￿P￿￿ to an A.1. baled EdTeth plalfrym. C•nlixy T•th
Intemational N8wArrivals YKhJd•d".
. spe0d1￿ 16achirvJ 8nd int•MJnYon$ in ordw to lfforoY4 w(¥bulwy fof Int•gratlon
malnstream Ioachlng
. Home language leachiNJ k* enwre pmgre$8 aThl lewrdThJ In ciY•
The 8ddltKJn81 leacharn suppwb'ng kny r•poiting h•W boo•1 hlerary. and 8odal ￿19 w6th1n
the academi￿.
In Key Stay• 2 SAT$. the primwi•s. Soulh Hylton Thomag V￿lIng. ¢y*pWfO￿ national averages In
reading. wrtllng and malh8. At Westgalg Hlll, a￿ther primvy acadomy, addtsonal bjlorn and merrtors for
identrfied thli dr￿ helped kYpro*a 0￿ComeS for those m05t in need. Thfr 3dN￿l I￿eN￿l an Olsted judgement of
Outstsnding. Thank8 In large pwl to Laidl•w fundkng the n￿d from a pl￿ou$ judgem•rrt of Spo￿1
Moasur06 to Outstanding S yews.
The 'al￿through" 6d￿Cl. Academy 360 aC*1￿0d a In Sts Olsted knsF*don. Th* ig thg ffir81 Ilme In thg
hlstory oflhe communty that a sdth has ￿￿ed su¢h a strMg judgement. Sedg•fi8kl Commurmty Collo9•. th•
Trust'$ secondary sth)ol. retained Mg of Outstsnding. Under 2(fA of x*ookn ludged
Outstandlng retaingd their ralkng., the ¥dI￿110n81 by the Foundation pla￿1 8 slgnifiwit part #i
•n$uring the Sl*￿Or5 continued
The Regional S¢hoob COMMI￿On ha5 c4>mmended the F(wd4thon its SPLV￿Clshlp of the kndemy
Tru81 {MAD and nrw desLv*es Laidéw sd￿1$ TN8t as one oltr* I￿¥•2 MAT¥ in Ihe North Ea8t.
Delaled reports arg availaLle per Bd￿￿.

Errtky ID.. AD7C8F1&23oHD1E-89￿c2[X)IN2Blw￿l
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY2022
L•idlaw S¢holarn- Und•rgrndu•t• L•ad•r4hip •nd R•Mar¢h Progr•mm•
The FoundatK)n provides scholarnhips for up to 26 sbjdenls at eath of the Foundalion's partn8r ￿ri￿rsit1és.
The8e stholarships afe ained al developThw a new geneTation of d￿￿TSe leaders wh) embrace dat+ba$ed
decision maknng, beli8v8 in the moral imperalr¥e of ethical leadership and are adN8 global otizgns. It Is c10ar,
looking at todays politicd and ￿sInesS leadus, that there is an urgenl need to deveknp leaders with the sklls
and wlll to add￿$5 tho worfrfs mosl intra¢tobk problems. This progr8mmo Is designgd lo do that.
The Scholarships continue to grow Sn popularity arwj irryd. Th• Inaugural cthorts at partn•r hlgher Instilutlons,
B8m8rd College. G•orgeliywn University and LondM School E¢onomK* wew al slr¢ywJ. The latter in particular
had an excellent Start wlth 7% 01 Its sludont bth 4ppfying forth? coveted 25 pLgce8 on offer.
Prc¥ramme grants to tho UnfversWe8 cthffjr thecl payTronts to tho students as wel as the costs of adrniniBtérfng
the scholarship progr¥mm• •l•ments. In frnnci￿ y•¥ 2022. on averny 56% of tK* I￿rKI wa8 on 51ipgnd$ for
thè students thtm8éfvè8.
Average spend
10
• Sbpend
S614
T¢4¥11•xl sab (tJSIs
15

0ow&gn EnbThJpe ID.. AD7C6F1c-23OHD1E499￿2C￿1A284S2D
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORD (CONTINUED)
FOR THE YEAR ENDED 31 JULY2022
LeadErthip training using the a¢*"on leadership n￿1¢1 lo ￿Ver ￿dY￿￿￿1. lewn ond
Situational leadership to al schoth to de¥¢k)p lh¢ altrMos.'
Selkknuwledge and awareness
Creallng and crtlcal thIr￿r￿j
. Colaboration and tèam w￿kkng
Swal and ￿￿VraI Intelligen￿ and 8warn)088
Indu$ion and div•rsty •mpNernient
Re￿I￿nce and determThbon lo
. R186arc* and project management
. Globgl connection$, Intdigenc• knspkation thwh its blrtual communKy'. tha Lamlaw
holars Netrmork
. Lèadershlp￿4d1OTh •xpwt•n(*s ￿) Kir ￿ SrtK4arn In twr 8e¢ond 8￿Me1 of thè
programme {with tho exc•plion ol London Sthool of EcorK)mK* Who￿ SdKlaTS do their
LUA in Ihglr first summer). Stholgrs C￿ld (*oose behveen..
Infield implomèntaOon ol Ihelr year on• research Ichowi by 48 whol•r8)
2. DgsigrNng a bespoke LL4 proJ8Ct devehjpad on th￿[ M or through a
p￿ner wg8nrLation lthosen by 127 sthdars}
3. Parlicipaling in a Foundalon 8PMW8d LIA opportunlty {¢1#)8en by 131 x*)olw8}.
These piogram)es arfr ￿e￿gned to:
. Prowd• an lrnmeTsi¥e 6 week o¥er8ea8 eyrience for ¥bJder
In a new and thalenging •nMronmenl {wo￿Ing txrtsth of wmfort 2¢￿¢, *8ming
aboLrt cultures and COMM￿1118•1
Working with ¢ommuniti•s in naad
. Chvnng a wojed wilh a dear ofyerarm and set gods whith tllthv Ih•m lo d￿strate
8nd dovelop th8k leadershlp capaillthey Iperyonal, team and 5ttuatbonal)
. Doing somethlng that makes the wtyhj a t•tter plm.

LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORn ICONTINUED)
FOR THE YEAR ENDED 31 JULY2022
Prol¢¢t pla￿nerts around the gkts Vlith the 1dkv￿r#j pathr org￿1$￿tIOnS.'
anllation
ink Pac4fic, Fiji
ommunty and YrAth Volunts
ecl
Ink PacifiG. Fi
ink P8i¥fic, Fi
tyronm•nt
Susts1￿￿￿1itY
ink Paufic
ONLINE HK
al PrWt8
M¥keSense,
Mexlco
Umatg
ro
Change
akeSens6
ONLINE HK
Umale
ch￿90
olumbla GLIA,
han8
gr Sanrtolh)n W￿￿￿n9 the SDG
olumt4a GLIA.
mbio
tr S•nit&lw)n 8UPFQt'ng th• S
olumN8 GLIA.
en
er Sgnhalk)n the SDG
SmNh
Boston
rnpro¥ing to t￿hn
etsyo
asiisl Profvca.
anda
age Health T￿rn TrainirrfJ
asllsl Prothe
ando
n8emts.on Eduth Peer Le•Jers
aslisl Prolèd
nda
vdopmenl of Prqed FaM as an
cotOLrri$I Site
ortolse Medlo.
ondon
ommunty Netsvc¥*8 engagem•nl
ndèx
nsbon
Ethlcs Masterd•
Scholars parridpated In a ¢xwlom d8ggned gthi(s cuThi¢xlum cnated and run by London Busirwss
School. Two onffine ethKs maslèrdass•s tLrtor8d by the leading acadern￿ Professor Dani81 Effron w•re
followed by Inryperson debriefing sessions. The ¢urriwlum is designed lo help Scholars build Ihoir moral
resilience prepare them to l¢ad ethi•.

LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY2022
L*ldtsw Scholarn, Wom•n In Bwln•
Th6 ￿￿m￿n,8 MBA Programm* is design￿ lo he¥* propel more wornen inio kadership posilKJns and tackle one
of the barriers to women brèakn"Nd thfough the gla$$ ￿th'n9. It sponsors outslandir4J women who woukl not
OtheTh￿Se b8 able to afford an MBA from 8 fitst4lass school to attend London Businass Sthool (LBS)
and Oxford's SaTd Busine65 Schod ISBSI.
Both London Busbness Sthoofs arHI Sayrfs ffirst L*hort$ of S&￿I31s ￿adUated in summer of 2022. Th
S¢hol8rs have exceled at their academic 5tudie5 as wel as beng athe members ol their o)mmunty. L8ldLqw
Scholars lead numwous LBS dubs wrfh Scholars as the tsPresident of the FLII (First Gèneration, L(M or
Intemiedialè Income)., the C￿PreSident of Black in Busrness Club Bnd the Co-PreshJenl ol Women In Bu￿￿886
Club. At SBS S¢hc48r8 won th• Oxtsd Enlrepreneurship Innovation Com[￿n and thè IESI Bu8lness School
Impact Investin9 ComptitK*n.
CuThenl ar￿ alumnl Women In Buslness Laidlaw Sthdars now surpass 45 nation•lit￿l #nd 8 broad rang8 of
professional ba￿rOund$ ¥rKI imp8¢1 0mbih￿. O¥er 65% of LBS L8kll8w Stholars are the IIT81 gorwalkn) in
their family lo hav• attènded un6versrty.
Post graduation. Lahalaw Sdlolws 8r¢ fwnding tr•ir own bu￿nesS•S, sorJJlng D*•ctor. VP and C-&Jrto
posrtions and joinirKJ loading fm8 8uth a8 EY, McKrfw. BCG. Mityosoft and Bb)ombwg.
SOS Chlldrnn* VIIW•
Follcming iho OLrtbreak of war In Ukr8ino crf 24th Ftrbr￿ry. the FQurdatk￿ deaded to mak• an extrnordinory
donalbn. OLrtsid¢ of its 0)￿ progr4wffling. lo supwt Ukr4lnkgn chldren Impacted by the war. Tho gwt was lo
ensur• tholr conllnugd gducation. After a carefijl searth for NGOS alre•dy M th• ground in th• region wlh a
proven track r•¢ord in wovmling effeCtr￿ care and educ4tk)n lo ¢hlbJren and young pewè In n8•d, SOS
Childrèn's Vlllages wa$ 8el8¢18d lo rgulve 0 £2SOk grant. The grfi frcrfn the Fwidali¢)n •nablod'.
Rèhjcatlon and accommod￿10￿ in new hom•s In Bu￿8￿8
Immediate, short-lem het• lor families". be￿ficiar79s re¢eNed b8$K foc*J support. dothing. gnd porsonfjl
hygiene ftgms such 85 Soap, monthty hygiene pads, hand sanitlz•rs. masks etc.
P$y(hological support.. group counselliryJ seS￿on$ wer• hdd. #nd wid1￿￿￿al$ ra￿1￿d psy¢hothorapy, wlth
focus on 0￿r￿n1Th3 war trauma. AJI taT9eted thihjren parerts look pwt kn tho gro￿ ctrjnselllng
868sk*ns.
. Hearth.. Al thldién wwe mod￿alY checkod and ¥isit•d a d6nti8t Ilw ath¥ed kn Bulgaria and som
thlhjren received medl¢81 tre8lm8nl.
Education.. children wer¥ enroll•d in school or kindargarten. They re￿1￿1 slalionary productB. laptQP8, and
lablels according lo Ihew needB, •3 well as a¢¢*ss to Intemet.
Recreational actNrtie6.' thildren had lo Idsure ar*Mtr8s suth 95 SF¥Jts, music, painlirrfj, Ihey
partlgp8tod in ex￿r$I￿3 lo the countyside #r¥J In c4lturnl adr4Thti88 toyth8r with the local

LAIDLAW FOUNDATION (FORMERLYTHE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
Flnan¢l•l r•vl•w
The Trustees take serfousty Iheir rosponsibMI•8 to Thplèm•nt 4)PToprf•t• l]nan￿1 ¢ontrd8 to en$urg the
Foundation is managed lo a high 6tandwd.
Dvring this financi81 y••r •ndad 31 2022, total •xp¢ndituT• of £7,784.328 {2tr21- £16.278,853> wa¥ coverod
by lotol Charitab￿ income of £8.085.230 12021 £10.249,163). The gr8rrts payat4e commrtted lo by the
Foundation al the year end of £6.774,68012021- £8.158,5ts)), sh¢Avn Y*ilhMI 9r•il ¢rndiloTS, wll be fundgd by tho
Foundats'on's sole sponsor. Lord Lai01aw of Rcthlemay, aj they fal d￿.
Th• tharty8 Income18 dofw from tts 3019 #pon￿r. Lryd Laidl•w of Rothiemay.
Totsl cha￿18￿1• expendttwe the flnan￿1 pwlod, a￿￿UnI￿g to £8.483.646 noto 4, Grants Pay#ble)
waB Bs follow8..
. Laidlow ScholorB Re￿a[Ch & D8¥•lrwth Pwramrne. £3.807.865 I￿21- £7.640.4(Y2)
- Tho Laldlgw S¢hool8 Tm81- £1,922,084 I￿rI1- £3.144,8181
- ￿fjn in Bu￿ness- £375205 (2021- £2242,938}
- 8ulldkngs- £328.69212021- £2.418.7441
- Oth•r- £250,Cth12021- £250.C

En%thpelD: A07ceF1C-fJ0¥4D1E-89gW2C(11h2B492D
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY2022
Flnantl•l v•vl•w (¢ontlnu•d)
ere unctsnditlona grants are offer¥d, the dwrity r80)grwses the total gft expense, fv the duration of the gift
Teemenl. at the Foint a grarrt is committsd to {se¢ note 1.51 and a c¥edbtor for the grant payable 15 r￿gnISed
within tho finandal 5taloments. As paY1r￿nts are made to ￿ ben8fKMMs thmughout the duration of th8 gift
•Jr8em8nt this is Tdeased from the grant ¢>edrtor rewnisod. The tst40 bdow shows the op&ning gr8nt8
payabl$, th& ngw Gommhmgnl$ In the year wh** have l)een ra￿nIs￿ in tho Stst¢m•nl of Fir￿nd￿l Acliv*Sos
and tht wft ￿YM•nIS m*1• in the year.
knthE
atsl Jdy
LO￿1￿ s￿￿18[5 Resoarth &
6A1285cfi
3KA)7.665
3,65L¥ao
1?21
1.922
375205
L714.760
32&692
328,692
250Am (2￿1￿￿1)
1585(￿ 6MaM6
7A67A66
6,T14MI
Th•yt flgur08 have b•en furth•r belv* 4gr••m•nts 80w•d thring th• y•ar *rnl trxiitirvj
gift agreemnts..
5,984.235
The Laldlaw SdK>o15 Tn￿t
Women In 8u51
Bultdi
2J30JXK)
Labylaw Scholars Researth &
3J)76.7
575,170
195L740
3XB1495
Thè Laldlaw Schools Trust
WotYM kn Buslne55
34,760
Bulld
328m2
Total
7JA17SJ6 859J30 3MIL740 3.371910
The Tw$lfjfj$ Lyjntinualy re￿eW thè f•SWWJ lev816 01 the FO￿d4110n a￿1 8n$ure th8t Irwme mgtches onqolng
commitments. The FcHJndats'on holds m￿lma1 reserves a¥ •1 its furbying is deriv•d fmm its sdt ￿￿or, Lord
Laidlaw of Rothiemay, and this bs pro￿led as th6 FI￿nda￿on'3 prtragreed c¥>mmitmenls arise.
The FourHlation mgy not Synd mor• than 30% of its caJm￿l￿e aysely during its e￿StenCe on grants to build
edltca1l￿al andlor medical buildng$. In the ovent that thg Foundation mak88 8 grant (or equvalènl} or promdes
financiai assistsnce lor equN¥lenl) that lund$ MO￿ than 33% of the purthase {or equrrfaknt) or 33% (rf the
¢)JnstruGtion of a building that buiklir& must indude'L8iW in its name.

En￿lOpe ID.. ND7CeF1&2&J￿4D1E￿?3￿2c¥)1A2B492D
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
At 31 July 2022 the Foundatif￿ had negati¥8 re8er4w of £4,680.746 12021 £5,087,335) due lo future
commitm8nls made prior to lh¢ yfjar and. Th8s8 comnytments bè met by donations rècéNed from t
Foundation's sc46 8ponsoi. Lofd of Rthway.
Th• Trustws haila assesstd Ihè malor rl8k8 to whkh th• Climpany is exposed. and arft $•tisW Ih•l
8y81em8 are In to fflitigate expo8ur8 to th8 m8iN r*ks.
Futur• pl*M
tt ￿ Ihe Intent￿ of the Trusltts to sel up a ￿$8 F¢wndalM in 2023. The trad8 and assets of LaKIIow
Foundation wlll be tranofenpd lo th¢ n•w Foundotiffi in 2023 al ￿ll* time thls tharty wll b8 wound up and
8tru¢k off.
Struclur•. g¢)v•m•n¢• •nd m•n•g•Th￿bt
Th• F￿datIon 18 a cornp￿y I'mit•d by guar4ntee wrflwut shar• c•prf•l and was ifKryrat•d on 19 May 2017.
Thé Foundauon 18 gov•med by artkJe$ of associab'on on IrKowatK)n and amend•d ty srrial
rasolutions rtyslered at Companw trtrJuse on 10 1)Gtober 2017, 16 Odobtrr 2017, 20 Juno 2018 #nd 5 JLt
2019.
Tho Tru$l•e$, who are al80 the dir8Cttxs lor tho pu￿)80 Olcom￿nY IMT. •nd ¥&*¥) w4•d d(trfng th• y••r and up
to the dale of s￿nal￿O of the financao18tatem•nts wert..
Chris Maybury
Lord Laidlaw of Rothiemay
Slèffèn DK*l
Slr Dawld C8rt?r
Dam• Loui8e Rkh•rdion
L¢nda Doyle
(R8*ned 13 Janu￿ 2022)
{Appokrted 13 J•rwJary 2022)
Tru$l¢tss of the charlty art nomlnated by Lord L•dl8w of Rothlemay. the mèln $pon80T of Ihe chArfly. Th•
8ub8Crtbern lo the M•morandum (being tho first Membernl arg a180 the fir¥1 Trusteos. Subsgqugnt Tw$leg8 Org
appowrt8d by nolk8 by the Founder to the FoundalK)n *thilst h• is alrv• and th•rnaftar by M•mbern
by ordinary rgsolulion. A Tru8tee's term ol offKè autom￿￿81￿ o)m•s lo gn end on the tenth gnnfversary of hi8
inrlial appolnlmgnl.
Thé tralnlng and In¢￿¢1Kln yo¥ided for ngw TrusleeB 7MII thpend on thèir ￿$tIng exwlen￿. ￿810 nece88ary,
induction wil prowde traiiiNJ on diwlty, l* and lknan¢xal mattu5.
Duiing the year, th8 Foundation made a ch8ritsW to th8 Lamllknv Sthools Tntst. of %thich Lord Laidlaw
of Rothiemay 15 a rnember. totaling £1.922.084 (2021- £3,144.818).
The person$ r•spon*t4e for t￿ day lo day runniNJ ofthe thartty ar• Susanna Kemp. Matt WaLuh. GTah•m
Robertson.
Auditor
In accordan￿ wilh the Company's artKJes. a resolknon Nop￿n9 bWAzetsAudlt S•pl￿5 b• reappolnted 08
auditor olthe Lx)mp8ny wll be put at a Genwal MeetwvJ.
Dlxlosurt of Infomi•llon to audltor
Eath of the Truste•s has confirn￿ that there is no infonythn ofwtrath they a￿ aware whlth Is rethnt lo the
audit. but of vthlch the audllor is unawa￿. They have further Confir￿￿￿ that they t&ken appropriate stops to
idontify suth rdevant iifom)atTh and to establish that the a￿lI￿or is 84We of suth irfrym8b"on.
-10-

LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (coKfiNUED)
FOR THE YEAR ENDED 31 JULY 2022
Th• Tr￿SleeS. raport was appro￿￿ ty the B¢wd olTrnotets.
L*ldl•w ol Rothlwn•y
T￿18￿1 4/612023
11

DooJSW ID.. K•7CAF1C-23014D1E•gW2CQ1AZB4
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
STATEMENT OF TRUSTEES, RESPONSI8ILrriES
FOR THE YEAR ENDED 31 JULY2022
The Tru$tse$. who aro also the directc¥s of Laidlaw Fc4Jndation (fornth The Imie Laidknv Foundation) for tho
purpos8 of comparw law. are respJnst4e preparing the Tw51ees' Report arKI the financAal statèmènts in
ac¢ordanc4 with aPFlicab￿ l•¥ and UnAed ￿l￿dorn Accounting Stsndards IUnit•d lQngdom GerbernI￿ Acc*pted
A¢￿Un￿n9 Praclk•l.
Company Law réqulr•s thè Tru8tse8 to kKepwè ￿n￿cIal statornnt8 for ￿ch financlal y••r which Ovè 8 In￿ and
fair wew of the 81ate of affair8 of tharrtable company and ot th• irtorring r•sc*Jr¢a8 and aFfAiration of
re8ource$. Indudlng the Income expendrture, olthe charitable corTwny for that year.
In proparlng these finanLI81 stglements. th8 Tru•teas ￿ required lo:
. telect surta￿• accounlkng pdb•s •nd ap￿ th•m c<wis1￿.
- observe the rnethod8 and prfnopbos in tho Charlli•s SORP..
- mako ludgemenls and estkn8t•8 that arn rnasonable and prudont:
- 8lale whether aFvli¢at4¢ UK Awjuntwig StaTrdard8 ho￿ b••n folmd. to •ny materfal d•parture8
thsclos•d and •XFdaln•d in th• finan¢yal stalgmgnls: and
- PmP8fe the finandal 8tat8mwrts on Ong cuK*m ba818 unl988 11 Is knapproprlato to pre&ume that the
tharilabte ¢empany wll continu• in opera1￿.
The Trustees aro rosFonsible for keèping thwalt acr>)unting r•c¢xd¥ that disdom wilh r•asonable acouraoy ot
any tlm8 the finandal p051tlon of the thaiitabl8 company and enab￿ them lo ensure that the finandal statements
cOM￿Y wlth tho Companies Ad 2006. T￿ are al80 re6ponsib￿ for safagu*rding the è&6ets of th& thorttabk*
mpany and lor tskry rn•sonobl8 steps for the pre￿￿ti￿ •nd dotedw)n of fraud and othw IrregularfUe•.
12-

DJc4JSgn Erm?kn￿1o.. AD7￿FI&23o￿4DlE49￿￿1A2Bl
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
INDEPENDENT AUDrroR'S REPORT
TO THE TRUSTEES OF LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
Oplnlon
We ha￿ al￿11￿d thg )Inanaal stalemenis ol L•rfMaw Fc￿dat￿￿ {lonn8rfy The lrnfjne Laid￿ FO￿d911¢nI Ith•
'charitatrAe ¢ompanYI for the year ended 31 July 2022 whic* ¢fJmprise the Btal8m8nt of financial a¢tivlUeg, the
balanc8 sh8et, the Statement of cash IIM and ihe notes to the financ4al statements, induding significant
accounting pofioes. Thg financial r8wb.ng framework that has bgen in their preparalhjn Is appllGable law
8nd United Kbngdom Ac(*unting Standards. induding Fin8nd81 Rep￿n9 StaThJord 102 Thg Financial Rgportmw
St8ndard 8￿Cable in the UK and Republlc ollr•land (United lQngdom G•n•rak¥ Accépted Accounting Practical.
In our OF4nkin. Ihtr finandal stslèmant8'.
gi￿ a tru8 and lalr ￿eW of th8 stat• of tr• thaiitablg corrvn￿s 8ff8lr8 as at 31 JU￿ 2022 8nd of kn Inc¢mlng
rosour¢o8 and application of resources, for th• year th8n ended:
havo boon prowly wepar•d in 0¢f￿￿ce with Unit8d Klngdcrtn Gemraly Ac<•pt•d Aw•Lmlir4J Pr&GI￿,.
and
h•vo beon prèpar￿1 In a¢40rdan￿ *ith the ￿q￿reMInts of th• Companlg¥ Act 2008.
8••1• for oplnlon
We oonducled our audll In accordanco vAlh Int8m8tlonal Standards on Audllng (UK) (ISAS (UK)) and oppllcabl8
law. Our responsibl1it￿ undor those stsnd•rd$ are further described in the A(4thtofs f9spo￿9I￿IbOs for the audit of
the finan¢i8lsl8lements 8¢d￿n of our rwt. ore Ind8pendenl of Ihe ch•rrtabl• C¥)mpany In 0cWd¥n￿ wlth the
•lhi¢al r￿uIreMentS Ihat are relovanl to ¢yJr audit of the ffinancial statements in the UK. induding th• FRC'S Ethi￿1
Standard. and wé have fuffill8d our othèr èthlcal respon$ibihtr'es in aco)rdance with these requirements. We b8110
that th¢ audft e￿￿ence we have cthined is suffic4.￿1 aTrJ approwlote lo prowde a basi5 for our opiniorL
Emphasls of m•tt•r- fln4n¢l•l stst•m•nl• pr•parnd on • bA•l* oth•r th•n golng ¢I￿¢•M
We draw attention lo th• going eoncem aco)unting polky Indud•d within note 1.2 of the ffinandal 8tAimnts. whkh
explains that thè Trustees, inl0ntK￿ 1$ to wind up the Foundation th 2023 and thereforo th& Trustees do not consKler
to be appropri¥te lo adopt thg go4ng CAJncem baw5 of account￿ThJ in praparing th8 flnandal 8tstem8ntB.
Aceordingty, the fin8ndal 8t¥temants have toen prepared on a ba81s than going e￿nCern as d8suibad in note
1.2. Our oplnion 18 not mOdffi￿ In fe8F•Gt ofthis mott•r.
Oth•r Informallon
Tho other information comwI￿ Iho 1nloThna1￿ In(*Jded ￿ th• onrwl rewt other th*) th• flnand418latém•r*s
and our audAorfs report theffjon. The Twstees are reSP￿￿[tI& for the other infomialion contained within tho annual
report. our opinKJn on the fina￿￿1 sts18merrts does not cy)ver tho otlw Infomiatlon ond, ex¢¢pl lo the oxtwrt
othervlsg gxplicrty stated in our report. W8 do not axpress any form of a$suraneo condusion thereon. Our
re$pon%bilty is to road the otheT inf(Km8tsn and, in dory so, consider whether the other inforniatlon Is materlalty
In￿nsIstenI wlth the financAal sl8tements or our knowledgfj obtained in Ihe g)urse of the audit. or olheMisg 8ppè8rs
lo be molwially mlsstat8d. 11 we idenlrfy suth m¥terial inconsislenc4es or apparent material mis$tstemenl¥. we are
requlred lo detemine whether this gives rtse lo a m8lwlal misststwnenl in tha fylancial statements themselves. If.
b#6ed on th• work wg hov9 pgrformed, conr*Jde thal thor9 Is a rnaterial m1s5tat0n￿nI of tho other infmaliM,
we are required to r•port that fact
Wg have nothing to report wi this rgwd.
Oplnlon* on oth•r m*tt•rn pm¢rfb•d by th• Compan1•• Act 2006
In our oplnkn, based on the work undertaken n Ihe cowsè of our audit".
the wrformgtion given in the TN8tees' report for the financaal year for vA)ith tho finalK￿l 8tatoments are
preparèd. whith indude$ th• directors. report prepared for the purwses of (•mpany Lw, 1$ r￿￿$161ent with the
finanryal ststem•nts' and
the dIrect￿, report ir¥AudedwrthM) thtr Trus¢8os' rwt has been pre￿red In ￿(￿lar￿* wth aPFIIc8bkn I•y81
reqUI￿rnents.
13-

D)(JJg4gn En￿1¢￿¢ ID.. AD7¢￿1&230￿4DIE4g9&c2DQlA2B4g2D
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
Matl•r• on whlch w• •r• r•qulr•d to r•port by •x¢•pO¢)n
In the light of the kntrwledge and understsndkn9 of Ihg tharitatlo cyJmp8ny and it8 enbirorwnent obt4inod in the
cour88 of th8 audrt, we have not identffied m•tsrial missiaterr*nts in the direclors, report induded within thè
Tru¥tees' reporL
In the ltrahl of the knowled9e and LK*Jerstandllw of the company and it8 ￿VIrOnMe￿ t)bt8iied in the e4urse of th•
audlt, we have not identsfigd malen91 mi￿tateMents in the Trustths, Taport. have nothlng lo rewl In rosp&ct ol
the folk)wing matt&rs in rdatK>n to whith tha Companies Act 2(￿ requires u5 tts rwrt to you rf, in our opinion..
adaquale accounllThJ records have not be•n kepL or r•tums ¥d•quat• for our au¢*l ha￿ not b••n r?￿Ned
frcmn br8n¢h•s not Msitad by us., or
th8 finandal statem&ntS are not in agreement with th• x¢ounting I￿)rdS and relumi,. or
c•rtain disckjsures of Iruslètrts, r￿Ur*all0rt $p•dfi8d by baw 8re not mgde.. or
we have not r￿fved all the Informalkn and explgnalths we requ￿ for our 8udlt', or
the Trusl¢e$ were not ¢nlrtl8d lo prepa￿ the ffinanrial Ststern￿ts In accordance wllh tho Sm￿1 comp8nlo8
regime and a¢Jvantage of thg small comp&n￿s. e¥ernptions in wtpwing tré Tru$lee$' rtport and from th•
r¢qulremènt lo pr•par• a str•l•gi¢ r¢porL
R••pon•lbMlts• of TnMt••
As eX￿ained n￿0 lulty In the stalemgnl ol Tru$lges' r•SpOn￿lI11￿8O, th• Trv$tae$, who •re al$0 thè diradors of th&
l*8rtt9b￿ company fof the purpos¢ of o)mpany IyAt, ar• re5ponslt4è lor the preparat6on of thè flnandal 8latemèn18
and for belng $ib8fied that 9lve a In* ar#J folr thew. and for s￿h inlemal control a5 thè Trustees dete￿￿1￿0 k8
necgs$ary to enable tho preparation of financial statement$ that 8re free from materi81 misslal8Thnt, wheth8T du
to fra￿j or error. In preparing the finarKial statements. th• Trusiaes are resptsn51￿e for assessing the tharftablè
mpany'$ ability to continue as a going con¢•m. diK408kng, os 9ppli￿b18. matters relgted to g￿n9 Cl￿GeM and
uslng Ihg golng ¢on¢em ba￿3 of accounting unl•s$ fv Trusl80s intand to Ilquidale Iha tharltsbl8 company or
to c84￿ oper8Yorrf. ￿ ha¥9 no r8all%lk aR•malO¥* but to do ￿.
Audltorf• mpon•tblllUM fov th• •udlt ofth• Ilmncknl •1thm•nts
Our obJedlv•s are lo obtaln Tea¥on8￿• a55urnnce ab¢yJt whether finanual statemwts 98 8 whol• •r• fr•• from
material misslalemenl, whet￿r due to fraud or •mr. and lo issu¢ w auditorfs raport that ind￿Je$ our opinion.
Reasona1￿• 888ur8n¢o 1$ a hKJh level of assurance but Is not ¥ guarantee that an audll ￿ndUCted In a¢xordan(*
th ISAS {UK) will akyays d•t8et a materf81 mlsst8tement wh8n it •xi61s. Missl8l¢monts can arlsts from fraud c
roi and are consid•rgd material rf, indiwidually or in the aggfegats, Ilwy c¢ukl re•Sona￿Y be expeclotl lo Influ&nc•
eccffiomic d•c4s•)n8 01 u8w$ t8ken on It• b8118 of these fin4nc4al ststem•Yts.
A further deSC￿p110n of Ouf responsibilities 18 a￿11￿1* on th• Financial Rewtry CourKI's webBite It.. htty)s.'Il
www.fr¢.org.UkJ8uditorsresponsiblrt￿. Trys dO￿PIlOn fornis part of our auditorfs report.
14-

ttyXuS￿n En￿ope ID: A07c6F1C-23WD1E-8W2￿1A2B4
LAIDLAW FOUNDATION (FORMERLYTHE IRVINE LAIDLAW
FOUNDATION)
INDEPENDENT AUDITOR'S REPORT (coMfiNUED)
TO THE TRUSTEES OF LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
Extent to *thl¢h th• audltwas coMid•rnd capabl• of d•t•cllng irv•gul•rlti•s. Including fr*ud
Irregularib&s. induding fraud, are instance$ of nor￿oMF11a1Ice with laws and regulations. ￿ dèsign procedure8
line with our respongbilrt*s. oudinetj at4)Vg and on the Fknan(¥al Reporting Coun(¥l's wgbBite, lo d91￿¢ matgrlal
m15slal8ments ￿ respect of irr¢gularits•s. indL*4ing fraud.
Wg obialn and update ow understanding of t￿ entrty, its athb8s, Its control ￿%￿ronMant. and lik•ty futur•
developments, including in r8lation lo Ihe legal and regulat1￿ framewoth apFAicabl& and how the ¢nlty 13 cornplylng
wlth th81 fr8rrW￿r￿ Based on this understanding. we idenllfy and assoss tho rf$ks of Mat￿al mlsstslemènl of tho
financial stateM￿t$, wh8th8r due to fraud or error, de￿9n al￿ perfoThn •udit pffj¢odures rosp)n*ve lo those risk8.
and obtain audit •￿￿￿nCe that is suffti8nt and appropiiale lo proNid& a ba￿3 lor our oplnhy). This includes
consideTallon ol the ol ath by the entlty Ihat were contrary to apph'cable laws and regulalions. induding fr8ud.
In responsè to th8 risk of Irregulath"e8 aThl norfrc¥)mpllarK• wrfh Iw$ and r•gul&tion8. indwling fraud. wo d￿igned
pr￿dur•S whith induded..
. Erwjulry of mgnagemerrt t1¥￿0 d*Tg8d with •clual and pot•nllal I￿9&{￿n and
clalm$ a$ well a$ actual, suspected and al8￿d fraud..
. Rwiwn9 minLrte$ ol meetings of those charged wtth goNwnwth'.
Asse881ng the extent of ￿mplianCe wilh the Liws and regulalb)nG c4nsid¥td to have a diroct rn*tsrfil
ehc4 on the finwual stst•ments or the op8r8tion8 of Ihe entty thmugh enquiry and inspedlon..
Ra￿ewIng finanrid 8t•t¢menl dis¢h)sur•8 and tostiry to supF¥Nting ￿0￿mentatiOn to a8Bes8 c•mpll•rKg
with apph'cthe laws and rggulallon8',
Pertonning audit work ¢)v•r th& risk of mwwg•Thnl bias of controls. I￿￿ding t￿tkn9 of
jownal entrie5 4nd olh8r adlu8tments for apWcwiot￿0ss. ovaluating the bu$ingss rationale of $SonIfi¢￿t
Iransaclions outw'de the nornal wjrse of busines$ and retskn￿ng a￿untIng g$tr"M8t￿ for Ind1￿10r$ of
pol•nUal bla#.
Becou80 of the knbe￿I lrnttollons of on audit, th•re is • risk IW we nol det•¢t 811 Irregularhlts, induding Ihoje
leadlng to a malerfol mi$8taiern8nl in the flnlncial sts16mènts or nor￿P￿arth wtth regulallon. Thls ￿sk
increa￿6 Ihe more that coM￿￿nce wilh a law or regUlat￿n is removed from the events #nd transactions reflected
In the finan￿al ¥ts1e￿nts, ¥$ we wll ￿ kn88 likoty to b8com8 aw8Te of ￿$tant•S of nonllcompllanc•. Tho r15k of
not delecung a malertal mi96talwnent rnSU￿n9 from fraud is hvJher lh￿ for ono rèBulting from error, as fraud may
invdve collusion. forgery, 1rtent10n￿ omlsslcns, ml$reprewttoOryM. LY lh• 0￿rride of Int•mg1 control.
U•• of ouv r•port
Thi$ reP￿t is made solety lo tho ¢haritabl8 ¢<*mparf8 mombws. a8 a bxly. in •c¢orf•nc• wllh Chapter 3 of Part 16
of the Companle$ Acl 2￿6. Our audit work has been undert8k¢n 80 that wg might stslo to tho th8Tit8ble ¢ompany's
ffltmbers, 4$ 8 boty, th0￿ matters we are r8wired lo state lo them in •n audilors, report and for no olher purpo8e.
To the fvlle51 extent perrrult*d by law, we not accept or assume Tesrthslblllty to anyone other than the charit8bltr
company and tho chan1￿0 o)mpony'¥ mgmboTS os a tyjdy. lor Ouf wofK for this report, or for Ihe oynionB
w8 have formed.
IL
J•nnlftrAleMnder (Senlor St•tsrtory Audltor)
for and on beh•lf olAz¢ts A￿lIt S•Thlc
6 Aw"120ZJ
Chart•r•d Accountants
Stahrtory Audltor
Ttsnium 1
lcmg's Inth Placo
Renfrew
Renfrgwshlr8
UThted lfjngdom
PA4 8￿F
-15-

Doafjgn Erh*W ID.. AD7CeF1C-Z3OHD1E-899PX2tK)1A
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDrfuRE ACCOUNT
FOR THE YEAR ENDED 31 JULY2022
Unvntrlcl•d Unv••tslet•d
fund*
funds
2022
2021
Not••
Donalons and legades
8.085.230 10,249,183
Ch•rrtable
7.764,326 16.278,853
Net Incomoll•xp•ndltyrnl for th• y••rf
N•t In¢omlnglloutyolng1 rn•ourc••
320.904 (8.029,690)
Oth•r ￿99n1*•d g•ln¥ athd Io•M•
Oth8r 9ain8 Qr iossos
78,885
178.9191
N•t mov•m•nt In lund•
397,S89 18.108.809>
Fur¥J balan￿1 at 1 August 2021
(5.078.335) 1,030,274
Fund bal*n¢M •131 Juty 2022
(4,680.746) IS.078.3351
The Stolemgnt olffinancial aL*bIl￿ inchJd8s 01 g*n$ and rwnlsed In th• ye•r.
Tho slatement of flnancL41 0180 wnplw wlth Ihè requlrements for On Ino)m• eXpend￿UrO a0￿Unt
und&r Ihe CompaniosAd 2006.
-16-

LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
BALANCE SHEET
ASAT31 JULY2022
2021
Flx•d a•••l¥
Inwstrnents
CuTh•nt ats•ts
Doblus
Cath at baThk In hmd
74,n6
2,017.843
3,034.702
2.092.
3.103.270
Cr•dltorn: amouDts f•lkng du• T*lthl
on• y••r
10
I4.1{￿.14n
14.822.358)
(2.013.578)
{1.719.0801
Totsl •M•ts l•M ¢uvv•nt
(2.013.5
{1.719.0851
Cr•dltorn: •mounl• l•llng du• •fvr
mor• Ihan on• y
11
(2,e67,1691
{3,3S9,2501
N•t Ilablllll••
(4.680.746)
15,078,335)
Incom• lund*
Unre8trft#ed fvnd•
{4.680.748)
15.078.335)
{4.880.748)
15.078.335)
41612023
Th• Ilngnd•l $lat•n*th w¢rn apw0￿d by tho Tw#fjos on............. ...
Lwd LaKllaw of Rothiemay
Comp•ny R•gl•hfjon No. 1078OS20
17-

t)0C￿95￿ En¥ekpe ID.. AD7C6F1C-2WD1E49gwafKJ1h2B4W2D
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY2022
2022
2021
Ca¥h flo￿ from op•ratlng xtlvltl•s
Cash Ibsothd by Opera￿n$
14
{1,016.8S9)
(2,4622361
Il•t ￿*h u*•d kn Invmtlng acthTItI••
N•t c••h u••d kn flnwKlng a¢tl¥ltkn•
N•t d•cv•a•• In ¢a•h and ¢uh •qulvaknnts
11,016,859)
12,4622361
Cash and ca8h 9qtl￿¢nts al ￿InnIng ofy•4r
3.034.702
5.496.938
C••h and ￿$h •qul¥*l•nts 4t •nd ￿Y••r
2.017.843
3.034.702
18-

Docuslw En¥Tk)pe ID.. ID7￿1&280¥4OlE￿9s￿¢2cI)lA2B4
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
Ac¢owrttng pollcl••
Chartty Informallon
Laidlaw Found¥bcx) The lThlne L•d•w FO￿￿) is • prpole tharit4b￿ ¢ornp8ny limited by
guaranlot IncoTPOTat6d In England and IN>I88. Thè reg18ternl offi¢0 h 2 New Ballèy, 6 Stanlèy Streèt. Sth,
Greater Manthestei. M3 SGS.
Vdth èff•d from 21 August 2020. Ihe name of the tharilabla (xirnpany wa8 tharyd from Th• IMn• LaSdl
F¢wndatiM lo L8id8w Foundation.
1.1 Atcountlng Mnv•ntlon
The finan￿￿ ilalem•nts have b••n pr•p¥r•d in •c¢ordm with th• tha111a￿9 tr)mpanY$ Memorandum and
Art￿￿3 of A88tti8lbn. th• C¢)mpanle8 Ad 2006 "Acf)>Jn15ThJ and Repor￿n9 by Charities.. Statement ol
R8commended Practice applKat4e to tharities prepariThJ thèir a¢c¥)unts in accordance with the FlnanGlg1
R•porting Standard applublo in Iho UK and Rowc ol Ireland IFRS 102). Tha charita￿& ￿mpO￿Y r
Publi¢ 8￿¥r￿ Entty a8 defin•d by FRS 102.
Th• lknawal stst•ments arn prnp•r•d in stwlir¥J. t*thlth is fvnthnal of th• (hrttabkn rx)nyany.
Monetary amount8 in the80 finond81 stalemw)t8 are rounded to ￿ n•ar•sl £.
The flnandal 8tatsment8 have been drawn ￿ lor the ￿r erthd 31 JU￿ 2022. Th• Comparat￿ p8￿MI 1$
drawn up for lh• y￿1 •nd•d 31 July 2021.
Tho flnarthl fjl¥1gm8nls ha￿ b•gn pY0pa￿l histotsl ¢￿$t
1.2 Golng ¢on¢•m
It Is th& Inlenlbn ol the Tw$lee8 10 8¢t up a Swiss Found8tlon in 2023. Th• lJad8 and 88se18 of L8Kllaw
Foundation wll b• tran$f•rr•d lo th• Foundation in 2023 al whth thi$ charty ￿11 be wound up aTra
8truck off.
The char*able company has suffiuent funds aval*Ae to ￿nIlI¥J* tr¥dlw unill tt i* wound up and to moet all of
Its Ibablllues as théy fall du•.
The financlal ststamonts havo thu8 bagn prnpw•J on 8 bath Otherth￿ going c£￿•m.
1.3 Ch•rttabl• l￿d¥
Unreslridwj lund8 ar• a¥￿I￿tIo for u8• at tho d8¢xelh)n of the Trustees In fvrth8rnnc6 of their th￿itatIo
obJeclive3.
1A Incom•
Inrome is rwnis•d wh•n th• charlabb• conwny is entillod to * aftw any ￿rfo￿an¢4 c¢ndlUon$
hav8 been met. Ihe amounts ¢an bg m•o$wed r•Ugbty. and it is wobatl& ihat inuJm• wll be recefved.
C8$h dMatk)n$ ar• r•eognis•d on I￿p1. Othw (k)nthns aro r•cognis•d onc8 th• charitable ¢cthpany hai
been nolifigd of the don8tion, unle$$ perforni8nc* c￿TrI1110nS requirn doforral of thg 9mount. Income tax
recoverable In relalon lo donallons TKefved under GiftAid or d8ods of covenant Is re¢ognlsod at the Ilme of
the dOna￿on.
19-

LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS {coKfiNUEDI
FOR THE YEAR ENDED 31 JULY 2022
Ac¢ounllng pollcle•
IContJnu•dl
Exp•ndlknr•
Eypendrture is rtcognised once there 18 9 legal or ¢￿¥t￿￿ti￿ obh'gob'on to tr8nsfrr economic benefft to
Ihird party, il is prcèoble that a transfer of ec¢nomk beMfjt$ wiu ￿ rwthrad in salll8mrt ar￿ the amount of
the olAigation can be mtasuftd relably.
Exp•nditure rd class1f￿ by actlvlty. Tho (x>8ts of eath a(thity arB mad• up of tho totsl of COBts and
Shored ¢o$t$. indudin9 $UPPOrt costs invofved in undertaking a¢aMty. ￿316 attribulat4e lo a sir4Jl8
t￿Y are alocalfjd dlrecty to that athlty. Shar8d costs which clmtribute to more than on9 0¢*vlty and
lupport ¢08ts which ¥e ntsl attributablg to a single acliwty are apporb'oned ￿tween those acttrwties on a ba$ig
consiglènl wlth lh6 use ol re80urce8. Centr818t8ff cosls are 010¢gl¢d on bays of lime went. and
dopredalion charges are alocatod on the PO￿ ofth• u8•.
Al èxponL¥tuw18 account•d for ￿ an a(xmls ba81s aThl ha$ t•￿ dpssffi•d undgr h•gding8 that agw•Jate
11 costs related lo the (xlegory. Expendrturtr is r•cognis•d whoro th•rg 1$ a logal ty con$lwcti¥* obligat￿￿n lo
make payrMn18 to Ihlrd parties, it i8 wobat4e that th¢ setllem•nl WO b8 requ￿￿ and the amount of the
oblvJo1ion can b• ffle88ured reI8tJly.
1rrnc0￿rabI¢ VAT 1$ 88 an •xp•M• agaktst Ihè adfvlty lor*fik* exp6Mbtw• ar08è.
Grants Payab￿ lo thyd part*s 8r• wilhln th• dwllth oblecaThw Wther• u￿01￿￿1 grgnls grg ¢)fforod,
thls 18 accruvd a8 soon as the f•opwnt * notiw of the 9ranl. as this gives rise to a reasonable expectalon
that the ret3p￿nI rtcèive tm grants. W)ere grants are wnditKThl r818ling to P8rfomionce the gr8nt 1$
only acuued when any unfvtrised e4Mdthn$ are oulshJ8 of lh• c4Nrtrd oftho thartty.
1.8 Flx•d a•••t knv••lm•nts
Fixed 8$s•t inv8stmènts ￿ initialty measured at tranSac￿n pri¢* •xdudlng transaction c￿15, and arn
8ubwuenty mea8ure(l ai tslr va￿• 8t •8(* rowting date. ChawwJe8 in fail v*AJe are recognised In net
In￿Mell0xpondl1Urfj1 for the y•ar. Twsxthon eosts are expansod a5 hcjjwred.
A jubsfdlary h an enJty ￿ntro￿ ty I￿ ¢h•rflAbl• company. Control 18 the pmr lo wvem th¢ finond81 fjnd
optsrating poIKies of the efttty so 88 lo obtain b8noffts froffl lls actMlle#.
1.7 Flnan¢l•l In•lnmwnl•
The Foundation has elected lo aFs)ly thè p￿slon$ of Se¢Uon 11 'B•s￿ FIng￿￿￿ In8lruments' and Sedon 12
'Oih8r FinancAal InBtrurnenls l$sue5' of FRS 102 10 #ll of its fin•t)cial instrumonts.
FSnan¢S01 inslwments are rwni5od in Ihe FoundatKJn's balanc* sh•èt when the FOundat￿n b8comè8 Party
to the ¢ontradual pro￿$10n$ ol the in$lwment.
Financld ass•ts and labilth are offsrt wlh the net amounts presented in the fina￿al $taloment$, whon
there is ¥ leg81ty enfor¢eabk right to s•t off th• recognised amounts and the￿ is an Intention to satll8 on a not
ba￿8 ￿ to rea￿$0 the asset and sotlle the babih'ty simultaneousty.
8a8k ffn•nctsl •ss•ts
Basic fin¥wal 888ols, t*thkh dabtors and cash and b￿k bAl&n￿s. are inibaly rn6asured al
tran&iction price induding transa¢tK)n v)sts and are subsequenty camed at amortised cost using the effectiva
inlerest ff￿th0d unless thè arrarwnent ￿nSItIu1•S a finar￿￿￿ transaction. where the transxtion 1$
measured at the present value of the future receipts diso)unt8d at a markgt rate of int8r&sL Finawal as$81$
dassrfiod as r•coivabb8 witth ono year I￿t amartswd.

Oo¢uS9n ID: AD7C6FI¢-2W01E-899K2tK11A2B4WAJ
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 JULY 2022
Accounling polici
IContlnu•d)
Flnandal liabllthes and equity InstnThnts are da8sif*d aclxrding to the &Ut￿nCe of the eontr8¢tu81
arrangement8 enlered into. An equty instrumeni 18 any (￿tralI that eNidenc4s a re8idual Into￿$¢ In the
assets of Ihe company after dedu(*'ng al of its Iwtmlrtw.
1.8 Employ•• b•n•fft•
The o)st of any unusad hc4￿aY enti1kn￿rt is recognis•d in the in vhlch lfrh• •Mpby￿.$ sepAceB arè
T¢rmlnaUon bènefrts art re¢e4Jn1￿d inynedialely as en wense wfien th• d￿rtta￿e company 1$
demon8lrably commltttd lo lèminate Ihe •mpkJyinenl of an emF*)yet txto prtiwde le￿￿allOn b•nefrt8.
1.9 R•tlr•m•nt b•n•fits
Paym8nt8 to d8fined contrlbulon r811rwnent benefft ad￿Me5 arè char￿d as an 8>p8nge as Ih•y fall d￿.
1.10 For•lgn •xchaw•
Transactions in curr•na6s 0lh•r Ihan pounds sterlng arn roc￿rdad at thè rats$ ol fjxthang• pr•vallng at thè
dat88 of the Ir8nsadions. At each rgporlkng end date, monet8ry assets and labu￿9$ Ihat ar• denominated in
forfjlgn ¢urr¢no¢$ are retran$lal•d at lh¢ rale6 prwaa'ng C￿ the repoiting eThJ dato. Galn$ and1088e8 ari￿n9
on Iran818tlon are inGludgd in net hicom¥lexpendrturel for1￿ pwiod.
DoMtlon• *nd l•g•¢1••
Unrn•tsl¢t•d UThrnJtrletod
fund•
funds
2022
2021
Donallon8 and 9fft8
,085,230 10,249,183
Donatlon* and gllts
Highfand Group Hcldings Ltd
8,085,230 10,249,183
8,085,230 10.249,163
-21-

Dor￿9￿ En¥*Jpe ID." IJ)7C6F1&2>)UD1E4￿￿D01￿w2D
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY2022
Charltsbkn *Gtivilie•
21J22
2021
Staff costs
Legal and prof•swon•l I￿$
Prtsgrnmm¢ t>)8ts
Consultsw 18•$
Travd costs
Webstte running costs
Brandlrw arwj event o)6
Bank ¢hargo8
Ggngrgl expenBèB
Subscriptions
520.421
1CQ,805
557,496
40.719
34.S47
3.271
411.289
50.125
9,276
56,700
8.957
3.432
9.115
255
6,472
19,870
6.911
4.031
1,273,480
575,471
Grant fundlng of t£1M1￿ note 41
Shar• ofgov•m8fK• ¢08ts
8,483.646 15.698,902
7.2C(I
7,784.328 18.278.853
GOV•man￿ indud* paymènts to th8 audttors of £7,2(KI (2021.. £6,480) for audit f••i.

0o(xJSbJn EtA*by ID.. AD7c￿lc-23O￿D1E-889￿￿1A2Bl920
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
Grnnts p•y*bl•
2022
2021
Gran13 10 ins161utioni'.
C￿jmbia Bu6iness School
Cc*Jmbla Unfv¢rnMy
Comell Unlv•rsty
Laidlaw Schools Trust
Leeds UnNer8ity
Royal Opera House
so￿ Oxftyd Bu*n&$$ School Ilkn¢n in
Loidlaw Teathing and Leaderstiip C•ntr8 {Buildiffj8)
Skngapore UnNer8ty
Trfnlty Col•98 Dublin IMkn)en In Bus**68)
Unlverstty ol Durham
UnI￿rsty of Hong KoThJ
Univorsity of TNonto
Univ•rsity of Tufts
London Scthool of E¢>￿¢M
Ukrnnian SOS Fund IOlh•rl
Swoss Federal In6litui• of Tethnology In
GeorgelfJ*m Unlvgrnty
Nthvharn Colege
Bamard Colege
2,242.938
810,769
825.358
1.922,064 3,144.B16
740,(KIO
250,000
1.350.000
328,892 2.418.744
204,3871
731,223
510,000
454,210
1112,1961
8S5,425
810,OLYJ
375.205
918.548
250.000
949.083
931.454
810,000
870,000
8.483,fj4e 15.696,902
Du• lo the now ag￿￿￿nIS being in Ihe name of tho FeAJndation tho fum amount d the agreem•nl has boon
Snduded In the expenditurè in Iho year. in line with c*arty amnb.ng requiremfrnts. Se• Nolg 3 and algo th?
Finan¢ial R¢vw $ection's tabkn on page 9. Fundlng for the agr¢•m•nts whl contknue to b8 provid•J by the
main Sponsor a$ the pgymenl dat¢$ fgu dug.
A fwther payinent of £1,371.501 was m¥d• to th• Laidlaw Sthools TnMI after th• y•or •nd In August 2022.
None ofthe trustees lor pwson8 ca)nr￿ded wlth them) recthed ary remunef8tson thJrlr4J the year.
Ouring the yaar 8)ynses of £nl were reimburned to tn¢tees (2021.. enl).
-23-

LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED)
FOR THE YEAR ENDED 31 JULY 2022
Empl¢)y•
The average fflonthty number of tmpbyee8 duiThvJ the year was..
2022
Numbor
2021
Numb•r
Staff
Employm•ntco•ts
2022
2021
Wages and salarlos
Sockg18ecurity co811
Other pension t>)sts
447,966
58,897
13,558
353.￿)0
47.319
10,950
520.421
411.209
Key Management P•rsMn•l w•re o)mp•ns•tsd £398.429 during the y•¥ •ThJod 31 JJJY 202212021-
£388,173).
Th• numbar of •mF4w•i annual remunwallon was mDr• than £eo.fy)o
Is 48 follow•.'
2022
Numb•r
2021
Numb•r
£330,000. £340,C
£340,000. £350,C
Contrlbulong lolallng £10,01312021.' £9,000) wore made to deffined c0rAribL*￿n panslon SL*•m•J on bgh8lf
Of ern￿oyeeS who80 emoluments exceed £80,C*XI.
Oth•r g•lM IK Io•M•
Unmtrictsd Unrestsictod
[￿d*
frjnds
2022
2021
Foreign exchang8 gains
176.6851
78.919

EN¥d¢Fe ID.. AD7C6F1fr230HOIE-a￿￿2￿J1A2￿ffj92D
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
NOTES TO THE FINANCIAL STATEMEKrs (coKriNUED)
FOR ThIE YEAR ENDED 31 JULY2022
Flx•d as591 lThv•slmonts
Oth•r
Inv••tm•nts
Co•1 or valuatlon
Al 1 A￿JuSt 2021 & 31 2022
Carrylng amount
Al 31 Juty 2022
Al 31 Juty 2021
2022
2021
Olher Inv￿lM•nts comprls•.'
Inv•8lm•rrt8 wi 8ubsidlari88
13
O•btor•
2022
2021
Amounts l•llng du• f*Athln on• yw.
Trade debt¢Jf8
ot￿r debtors
74,728
67,e80
74,726
10 Cr•dltsrn: amounts f*lllng du• wlthln on• y•ar
2022
2021
Other tualion and 8¢MI seaKiy
Trade uedllors
Other creditw4
Acuuals and def0rr8d Ino
25.794
2,498
4,097.346
8,303
4,790,280
6,302
4,1C6,147
4.822,356
Induded wilhii Other Creditors •e m•d• wior to th• year emd for ffiJtur• grants payabl• by the
FoundatKJn, amoLmVng to £4,097,34812021- £4.790.260).
-25-

Docu&w ￿￿k)Fe ID.. NL17c8F1C-2￿lE￿￿c2￿lA2Bl92D
LAIDLAW FOUNDATION (FORMERLY THE IRVINE LAIDLAW
FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED)
FOR THE YEAR ENDED 31 JULY 2022
11 Cr•dStorn: amounts hlllng du• aft•r mor• than y•ar
2022
2021
Other Ixodit(Ys
2,887.189
3.359.250
othor credllors ￿late to wmnments made lo firtufa grnnts payable by th& Foundation pllor to Ihe p¢Ylod
end. Thes• grants be fU￿le￿ by donation8 m•Je by th• Found•tKin'$ sole sponsor, Lord Laldlaw of
Roihiamay.
12 R•l•l•d party traM•GtSon*
During th• y••r th• Foundthn d¢￿ti￿5 01 £8.085.230 (2(r21: £10,249.1631 from Highland Group
Holdlngs Ltd, a ¢J)mpany wfiolty ty*n•d by Tnth L(xd La*Jlaw of Rothlomay.
At the yeor ond. a balance of £87,8eii (2021.. £67.8801 wo8 lo tho Foundgyon by Spg¢ba¥8gd
Trangportalhjn Lld.
During the ygar the FOund￿10n mgde a charltat4& ¢*onoti¢)n lo ts Laldlaw Sel￿$ TMI lotsllkng £1.922,084
12021.. £3.144.818) ofwhich Lord Laldlaw ol Rothtemay is a mernb•r.
13 Suhldlarf••
Thèsè fkn8nd418latem•nl• ￿ 8yrat• tharitablo CoMp￿Y Ilnandal 8taterne￿ for the year eThJed 31 July
2022.
D•taS18 of tho ¢hgrit*lo a)mpanY8 $ub8Sdlary at 31 20221$ M folIty￿..
N•m• of und•rt•klng
R•gl•t•nd
N•luTr ol buBln•
Cl•M of
% H•ld
•h•rn• h•ld Dlr•¢t Indh•ct
ROth￿mIY Tr¥#Jts)g Lbmtted Englard
Dormwrt company
Ordinary
1fKI.00
14 C*•h g•n•rnt•d from op•rntlon•
2022
1021
Surplusllilglkttl for the y•gr
320,904
16.029.690)
Adiuslments for.
Foreiw exthar4Jo dlffgrMe¢s
178,9191
Movernents in wtr￿n0 ca￿•1.
Oncreas61 In debtor8
IDecreasolfincreas6 in ¢yediiO
(6,158>
{1.408.29))
{908)
3.647.281
C••h #bMrt•ed by t)p•r•tl•n•
{1,016,BW 12.462,236)
16 An•fysls of¢hangu in net lun
The thartt4bk c¢mp*y had no debt the year.