The Alan Robert Laken Charitable Trust
A Charitable Incorporated Organisation
Registered Charity Number: 1207968
Report of the Trustees and Financial Statements
Year Ended 5 April 2025
Higgs LLP
3 Waterfront Business Park
Brierley Hill
West Mldlands
DY5 ILX

The Alan Robert Laken Charitable Trust
Index to the Financial Statements
Year Ended 5 April 2025
Page
Contents
Reference and Administrative Informatlon
Trustees, Annual Report
statement of Flnanclal Artivities
Balance Sheet
10-12
Notes to the Accounts

The Alan Robert Laken Charltable Trust
Reference and Administrative Information
Year ended 5 April 2025
Governing Document
The Charoty is governed by the CIO Foundation
Constitution dated 23 April 2024.
The Charity's reglstered charity number Is 1207968.
Trustees
Judith Kay Laken
Robert Hugh Laken
Philip Oaten
23-Apr-24
23-Apr-24
23-Apr-24
Secretary
Ms Klrsty McEwen
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Mailing
Kent
ME19 4JQ
Solicltors
Higgs LLP
3 Waterfront Business Park
Brierley Hlll
West Midlands
DY5 ILX
Znvestment Managers
Evelyn Partners
103 Colmore Row
Birmingham
B3 3AG

The Alan Robert Laken Charitable Trust
Trustees. Annual Report
Year ended 5 April 2025
The Trustees present thelr annual report and flnancial statements of the Charity for the year
ended 5 April 2025. The flnanclal statements have been prepared In accordance wlth 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 wlth the Flnancial Reportlng Standard applicable on I
January 2019.
structure, Governance and Management
The Charlty was registered wlth the Charity Commission on 23 April 2024 under registered
charity number 1207968, and Is constituted under the CIO Foundation Constitution dated 23
April 2024 ("the Governing Document").
The Charity does not artively fundraise and seeks to contlnue charltable work through the
careftsl stewardship of it5 existing resources.
The Governing Document provides for a minimum of three Trustees and a maxlmum of six
Trustees.
Trustees must hold at least one meeting each year, either in person or by sultable 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 Trustee5' 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 perforrnan￿. The day to day administration of grants and the processlng and
handling of applicatlons prior to consideration by the Trustees is delegated to the Secretary.
The Trustees would take account of the recommendations of the ICSA best prattl￿ guide
'Recruitment, Appointment and Induction of Charity Trustees, should the need to recruit new
Trustees arise. The Trustees would look to recrLJIt in light of an appropriate skills audit of the
current Board and taking into account the experience, expertise and diversity of the current
Board, as well as their knowledge of the Charity's area of benefit and beneficial class.
New Trustees may be sought by open advertisement or through a dialogue with major grant
reclplents and local communlty groups respecting the ethos of the Charity to continue the
charitable work intended by the settlors, the Trustees actively seek those with a knowledge of
the local area when conslderlng any prospective candidate. 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 thelr time and expertise. It also confirms their ability to act in the role of
Trustees. The inductlon process has been changed to follow the ICSA good practlce guide with
a formal Indurtion programme for any newly appointed trustee belng led by the Secretary, to
include initial training in the grant making process, the duties and responsSbllltles of the
Trustees and the role of any sub committees. The welcome pack includes. amongst other
Information and guidance, a brief history of the Trust, copy of recent Trustee (and sub
committee) minutes, è copy of the last three years of annual reports and accounts, a copy of
the Governing Document and a copy of the Charlty Commission's guidance 'The Essential
Trustee.. What You Need to Know, and 'Charities and Public 8enefit'.
The Trustees intend in the upcomlng year, wlth the support of the Secretary, to developing a
code of conduct for Trustees including formal statements of roles and responsibilities and to
undertake work on the Charity Governance Code.

The Alan Robert Laken Charitable Trust
Trustees. Annual Report
Year ended 5 Aprll 2025
All Trustees glve of their time freely and no TrLJStee remuneration was paid in the year.
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 potentlal Interests whlch
might conflitt and register them with the seC￿tary and in accordance with the Charity's
written conflicts of Interest pollcy.
Rlsk Management
The Trustees have considered the major risks to which the Charity is exposed and have
reviewed those risks and est8blished systems and procedure5 to manage those risks.
The major financial risk 15 the variability of investment returns on the portfolio and its impact
on income levels and capltal growth. The Trustees have actively sought to manage this risk by
appointing Evelyn Partners as Discretionary Managers of the investment portfollo. Thelr 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 objettives as detailed in the Investment Policy Statement
are following and reviewed annually.
The major operatlonal risk is the extent to which grants awarded to individuals and charitable
or not for proflt organisations advances the objects of the Charity and demonstrate sufficient
public benefit. The Charity has managed its rlsk by retalning Trustees of sufficient expertise
and experience, and through the quallty of the institutbons and the people who they support.
In addition, the Trustees rely on the Secretary to undertake appropriate and proportionate due
dlligence on appllcatlons and ensure all grant giving retains a focus on the public benefit.
The major regulatory impart of the Common Reporting Standard I'the CRS'}, on the operation
of the Charlty. 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 jurisdictlons.
The Charity is subject to this regime because it relies on investments for more than 50 % of its
income and those investrnents are professionally rnanaged by a financi31 institution under
discretionary mandate. Thls means the Trustees are requlred to carry out due diligence to
establish a tax residency status of all beneficiaries, keep records of efforts to comply with the
reglme, register with HMRC as a flnanclal 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
organisatlons. This Includes additlonal Information including tax resident jurisdirtion, tax
identification number (for individuals} and entity status (for organlsations). The Trustees will
keep thls under revlew.
ObSects and Actlvltles for the Public Benefit
The objects of the Charity are to advance such charitable purposes {according to the law of
England and Wales) as the Trustees see fit from time to time.
The Trustees confirm that they have referred to the gUIdan￿ contalned in the Charéty
Commlssion's general guldance on public benefit when reviewing the Charity's objects and
purpose5 and in planning future activities and settlng the grant making pollcy for the year.

The Alan Robert Laken Charitable Trust
Trustees, Annual Report
Year ended 5 April 2025
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.
y focusing on these areas, the Charity achleves 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 Maklng Pollcy
The Charity has established its grant making policy to achieve its objects for the public benefit,
to improve the Ilves of Indlviduals wlthin the area of benefit. The Trustees review the grant
maklng policy annually to ensure it reflects the Charity's objects and thereby adVan￿S publlc
benefit.
The Trustees have power to spend or retain both capital and Sncome. Thus both Income and
capital is expendable without dlsb'nctlon in furtheran￿ of the objects.
The Charity's beneficiarie5 are charitsble organisotions and voluntary organisations (for
exclusively charitable purposes). All organisations must demonstrate that the artivitles they
undertake advances the public benefit.
The general pollcy of the Trustees is not to glve retrospective grants and the Trustees will only
consider one application from any applicant.
Grant Making Procedure
Appllcatlons can only be considered If they are on the Charity's standard application form. The
application form must be completed and returned (together wlth a copy of any supportlng
information relevant to the application) to the Secretary at least four weeks before the meeting
at which the application is to be considered.
The Trustees meet once a year to consider applications.
It is the policy of the Trustees to consider grants on an equal opportunltles basls, regardless of
gender, religion and ethnic background.
Public Benefit
The Tnjstees conflrm that they have referred to the Information contained in the Charity
Commission's general guidance on public benefit when revlewlng the Charlty's objects and
activities, their grant making policy and plans for future period.
The objerts and activities of the Charity are largely determined by the provisions of the
Governing Document, and from there the Trustees exercise a discretion in considering how
best to meet the public benefit test and ensure that as many Indlvlduals and charltable and not
for profit organisations wlth particular needs wlll gain advantage.
Monltorlng and Achlevement
The Trustees have continued with an asplratlon to seek a reasonable return over the long term.
It is Intended that the portfollo will show a welcomed recovery and that the long tem
objectives to meet income needs and grow the capital are obtainable.

The Alan Robert Laken Charitable Trust
Trustees. Annual Report
Year ended 5 April 2025
Financial Review
The Charity's work is entirely ￿lIant on income and investment ￿turnS from its capital. As at
5 April 2025, the value of the capital fund stood at £0. During the year the Incorne of the
Charlty was £0.
Investment Policy and Performance
The investment 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 dlversification.
The principal investment holdings of the Charity comprise funds and portfolios of quoted
securSties. As at 5 April 2025, it Is intended the value will represent IOOO/o of the Charity's
investments. The rnanagement of the portfolio Is undertaken on a (Jiscretionary management
basls by Evelyn Partners and the wrltten investment policy Is reviewed on at least an annual
basis by the Secretary in conjunttion with the investment managers and ultimately approved
by the Trustees.
The discretionary managers are instructed to maximise the inc0￿e on the portfolio whilst
preserving the capltal, wlthln the constralnts of a medlum rlsk Investment portfollo.
Following investment advlce, the Trustees agreed to retaln cash on deposlt with Evelyn
Partners for the capbtal account of £0 and for the broker account of £0. Cash in bank with CAF
Bank Ltd of £0.
Reserv￿ Pollcy
The whole of the Charity's capital is exper)dable and this distinction between capital and
income is not relevant. The Trustees appreclate that the general prlnclples of charlty law
require Trustees to spend their income within a reasonable period of receipt.
The Trustees have set and agreed a policy whlch broadly Sdentlfies the framework withln whlch
the Charity wlll operate Its reserves. The Intention Is that the Charlty wlll retain an appropriate
and reasonable level of reserves whllst concurrently ensuring that It uses the income in a
manner that IS Wlthin the objects at the best interests of the Charity and its beneficiarie5,
Slnce the Charity receives all of its income from the investment portfolio, the Trustees are
mindful that the source of income can be volatlle and subjert 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 commltments as and when they arlse, due to any
fluctuatlons In the market whlch may prevent or significantly reduce Income.
The Trustees have therefore considered, in conjunction with the professional advisers, the level
of reserves to retain from surplu5 ur)restricted funds. They have decided to build up a pot of
reserves equivalent to one year's adminlstratlve and professlonal expenses but excludlng grant
commitmerbts. This will ensure that should there be any fluctuations in the rnarket which
reduce the income available for Lfjistribution, 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 will translate into significant public benefit. In cementing the
arrangements already i n place, and beginning with its activities as set out in this report, so
that the many and varled charitable and not for profit organisations, and Indivlduals may
continue to benefit in real terms from its financial support, the Charity aims to provide a long
tem) commltment and thereby encourage and support individuals and charitable and not for
profit organisations.

The Alan Robert Laken Charitable Trust
Trustees. Annual Report
Year ended S April 2025
The Intention is to establish a programme of grant giving which will translate into slgnificant
public benefit. The Trustees will focus on those individuals and organisations who would
benefit in real terms (impact) from its flnancial support, thus providing and ensuring a longer-
term commitment to 5UPPOrt.
Tru$tees' Responsibilities in Relation to the Financlal 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 requlred the Trustees to glve a true and
fair view of the state of affairs of the Charity and of the incoming resource5 and application of
resources, including income and expenditure of the Charity for that period.
In preparlng these flnancial statements, the Trustees are required to..
•Éèlert suitable accounting policies and then apply them consistently;
•6bserve the methods and principle5 of the Charities SORP;
•￿ake judgements and estimates that are reasonable and prudent-
•Étate whether appllcable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements,. and
.￿epare the financial statements on the golng concern basis unless It Is Inapproprlate to
presume that the Charity wlll contlnue in operation.
The Trustees are responsible for keeping adequate accountlng records that are sufficient to
show and explain the Charity's transactions and disclose with reasonable accuracy at any time
the financlal position of the Charlty and enable them to ensure that the financial statements
comply with the Charities Act 2011, the Charity (Accounts and Reports} Regulatlons 2008 and
the Governing Document.
They are also responsible for safeguarding the asset5 of the Charity and hence for taklng
reasonable steps for the prevention and detertlon of fraud any other irregularitie5. The
Trustees are responsible for the maintenance and Integ￿ty of the Charlty and financial
information Included on the Register of Charitie5.
Approved by the Trustees and signed on their behalf by:
Mlss J K Laken
Chair

The Alan Robert Laken Charitable Trust
statement of Financial Activities
Year ended 5 April 2025
Notes
Unrestricted
Fund$
Total Funds
2025
2024
Income resources:
Income resources from generated
funds
Total Incomlng resources
Resources expended:
Investment management tosts
Charitable actlvitles
Cost of grant making
Governance costs
Total resources expended
Net loutgoing)/incoming
resources before other recognised
gains and losses
Realised gainsl{losses) on
investment assets
Unrealised gains/{losses) on
investment assets
Net movement In funds
Reconciliation of funds
Total funds brought forward
Total funds carrled forward

The Alan Robert Laken Charitable Trust
Balance Sheet
Year ended 5 April 2025
Notes
Unrestricted
Funds
Total Funds
2025
2024
Fixed Assets
Investrnents
Total Fixed Assets
Current Assets
Cash with bank and investment managers
Debtors
Total current assets
Liabi1Stles
Creditors falling due within one
year
Net current a55ets
Total asset5 less current liabilities
Creditors falllng due after more
than one year
N¢t asset$
The funds of the Charity
Vnrestrlcted Income funds
Total Charity funds
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

The Alan Robert Laken Charitable Trust
Notes to the accounts
Year ended 5 April 2025
l. Accounting policies
{al Basis of preparatlon
The ffinancial 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 prattl￿.. Accounting and
Reportino by Charities (FRSEE) issued in January 2015 and applicable UK Accounting Standards
and the Charities Act 2011.
Ib) Funds strncturn
The Charity has one fund, an unrestrlcted Income fund. Thls is a fund which the Trustees are
free to use for any purpose in furtherance of the charitable objects. Unrestrirted funds include
designated fLsnds where the Tru5tee5, at their discretion, have created a fund for a specific
purpose.
(c} Incomlng resources
All incoming resources are recognised once the Charity has entitlement to the resources, it is
rtain 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 reSoUr￿S 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 vyhen 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.
{el Expenditure on generating funds
The costs of generating funds consists of investment management fees, legal fees, accountancy
fees and other governance and regulatory fees.
(f) Charitsble activities
The cost of charitable actlvities includes grants made.
Ig) 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
preparatlon 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.
li) Reallsed galns and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised
gabns and losses on investments are calculated as the dbfference 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
Activities.
12

The Alan Robert Laken Charitable Trust
Notes to the accounts
Year ended 5 April 2025
(j) Contlngent Ilabllltles and provisions
In accordance with the SORP, a contingent liability is disclosed for those grants, which do not
represent lièbilities, where the possible obligation, which arises from past events, will 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 determinin9 a
basis for reasonable estimation of the Iiabllity arlsing from that constructive obligation.
2. Related party transactlons and Trustees. remuneration
There were no related party transactions or Trustees, remuneration pald for the flnancial year
ending 5 April 2025.
3. Investment income
2025
2024
Dividends - UX equitities
Dividends - Non-UK equities
Interest - UK fixed interest securitie5
Interest on cash deposits
Interest - Non-UK fixed interest securities
4. Investment Manager'$ costs
2025
2024
Evelyn Partners
LEI Fees
5. Analysis of charitable expenditure
The Charity undertakes its charitable activities through grant making and awarded grants to a
number of organisations In furtheran￿ of its charitable activities.
Grant funded actlvltles:
2025
2024
Total
6. Governance costs
2025
2024
Independent examination fee
Bank charyes
Legal fees- Administration
Accounts preparation
VAT

The Alan Robert Laken Charitable Trust
Notes to the accounts
Year ended 5 April 2025
7. Fixed asset Investments
Movement In flxed asset Investments
Market value as at 5 April 2024
Additions to investments at cost
Disposals at carrying value
Net gain/{loss) on revaluation
Net movement on cash
Market value as at 5 April 2025
Investments at market value comprlsed:
2025
2024
Equities
Fixed interest securities
Cash held within portfolio
Total
8. Analysls of current Ilabllltltes and lon9 terni creditors
Creditors under l year
Legal fees
VAT thereon
Independent examlner's fee
12