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2023-04-05-accounts

Pege
TRUSTEES' REPORT 1-8
REPORT OF THE AUDITOR 9-10
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET 12
STATEMENT OF CASHFLOWS 13
NOTES TO THE FINANCIAL STATEMENTS 14-25

The Trustees The Trustees The Trustees present present their their financial financial statements statements and
annual
report		 for the for the year ended year ended 5 April 2023. The financial 5 April 2023. The financial 5 April 2023. The financial
statements have been prepared In accordance with the accounting pogcles set out in note 1 to the accounts and
comply with the charity's trust deed dated 29 September
1952, the Charities		 Act 2011 and Accounting and Reporting
by Charities: Statement of Recommended Practice (FRS102)and update Bugetlns 1&2.
Reference and Administration Detags of the Charity,
Its Trustees and Advisors
Settlors John Wggam
Lalng -		 deceased
Beatrice Laing - deceased
Date of Deed 29September 1952
Trustees SirJohn Martin
Kirby		 Lalng
David Eric Lalng
Christopher
Maurice		 Laing
Paula Joan Stephanle Blacker
Charles Wggam
Davkl LainB
Alexandra
Catherine		 Beatrice Jane Gregory
Registered Address c/o Laing Family Trusts
33 Burma Lane
Mill Hill
London NW7 2DX
Nature ofTrust Registered
Charity No.		 211884
Website www
rusts.		 or .u
Bankers National
Westminster		 Bank Pic
Edgware (B)Branch
317Hale Lane
Edgware
Middlesex
HAB 7AX
Accountants TMF Global Services (UK) Ltd
23rs Hoor
One Angel Court
London
EC2R 7HJ
Auditors Mercer & Hole LLP
72 London Road
St Albans
He rtfordshlre
AL1 1NS
Irwestment Advisors Vermeer Partners
130Jermyn Street
London SW1Y4UR
Director Miss EA Harley
33 Burma Lane
Mgi HRI
London NW7 2DX

Objectives and Activities The Trust's obiects, as set out In the Trust Deed, are the advancement
of
the evangelical
Christian
faith, both at home and abroad, and the relief of
poverty; these are achieved throu gis the Trust's grant-making
programme,
which
remains
Its only
charitable
activity.
The Trustees
continue
to
support
a wide range ofcharities working to relieve poverty
ln Itsbroadest
sense, both throughout
the UK and overseas.
In doing so, they confirm
that they have referred to the Charity Commission's
general guidance
on
public
benefit.
Grant
recipients
Include
organisations
working
with
disadvantaged
children
and young people, the elderly, the homeless
and
those with physical,
mental health or learning
difficulties,
whatever
their
religion,
ethnidty
or background.
An Increasing
number
of these
are
Christian
organlsatlons
seeking to express Christian
faith through
practical
action to help those
In need,
Evidence
suggests
that churches
made
a
significant
contribution
to social welfare
provision
during
the Covkl-19
pandemic
and continue
to do so during
the cost-of-gvlng
crisis,
with
churches at the forefront ofthe Warmer Places Initiative. Trustees believe
that there
Is a continuing,
and potentially
increasingly
signlfkant
rote for
churches,
both as places of worship
and as a hub from which support
Is
provkled
to the local community,
and, with
this
In mind,
continue
to
support
proJects of new church
building,
extension
or redevelopment,
focusing on churches which can demonstrate
active outreach to the local
community,
both
In communicating
the Christian
message
and helping to
relieve poverty by meeting social need.
The I rust's grant-making
programme
Is financed
by income derived from
the Trust's
investment
portfolio,
which
Is managed
by Vermeer
on an
advisory
basis and
In line with the guidance
of the Church
of England's
Ethical
Advisory
Group. Their performance
Is reviewed,
and measured
against published
indices, on a regular basis. The objective continues to be
to seek to maxlmise
dividend
Income from the existing
capital.
In May
2022, as an
Initial
engagement
with
social
Investment
models,
the
Trustees
used some of the Trust's
resetves
of unexpended
income
to
purchase
a three-bedroom
house
In Bury St Edmunds.
This has been
leased to the charity Hope Into Action for a minimum
period of five years
and Is now providing
a settled home for a family at risk of homelessness,
supported
by Sellg Suffolk (Hope Into Action ipswichj and volunteers
from
StEdmundsbury
Cathedral. Ihe Trustees are In the process of purchasing
a second such home
In ipswich, which wgl be used to house single men on
licence agreements
as they seek to rehabilitate
their lives.
Achievements and Performance 247 grants
were awarded
during
the year under
review. Ihey totalled
E2,113,330, a small Increase on the previous year. A list of all 247 grants
Isprovided
In note 7,from which It wgl be evident that the greater number
of grants
continue to be for amounts
up to ES,000, representing
either
modest grants towards the core costs of organlsatlons
working
nationally
within
the Trust's
priority areas of giving or small capital grants to local
organlsations
working
to relieve
poverty
In their
local
communities.
Charities
offering support
to the most vulnerable
and disadvantaged
In
sodety, Including
the homeless,
elderly, former Servicemen
and women,
ex-offenders
and people with dlsablgtles
and their families,
all continued
to receive support.
For a third year, the Trustees
also Joined with other
members
of the Christian
Funders
Forum to provide
matched
funding
through
the Together
Fund to enable Christian
charities to participate
In
The Big Give Christmas
Challenge.
Many ofthese charities are involved
In
social action projects
In their local communities,
and participation
In the
Christmas
Chagenge
provided
them with an opportunity
to raise valuable
funds and make contact with a wider donor base. Atotalof 9607,909was
raised for 31charltles, a9.7 multiplier
on the Champion
funding
utilized
In
the campaign,

Achievements and Performance continued Further
details
of ag grants		 Further
details
of ag grants		 Further
details
of ag grants		 of of 625,000 and 625,000 and abave, broken
down		 by
category, are provided
below:
Sh~ldre ~aun
Pe~a
National Star College
Building a Brighter Future Appeal E50,000
RAW Workshop
Purchase
of Panel Sow/Trainee
Ihe Exodus ProJect		 Places (1sto/3 grants) E25,000
Convers/on
ofSanctuary
Inta		 accommodation F35,000
pe~I~Medi
gtyfgtfere
Autism
Bedfordshlre
Supported
Living Accommodorfon		 for Autistic Adults E30,000
Henshaws
Soclely for Bgnd		 People
New Arts & Crafts Centre, North Yorkshire 630,000
The Lowdovm
Redevelopment
a/Outbuilding		 E120,000
OversggLDevelgg&tggt
Ripple Effect
Enterprising
Migorl, Western		 Kenya (2nd of3grantsJ
)gg)g)fg n
All Saints Church, Woklngham
spaceforaii Project E25,000
Diocese In Europe(2 grants)
StPaurs Pro-Cathedral,
Vaiietto		 - Restoration Appeal E39,500
Evesham
Baptist Church
CIO
Church
& Communhy
Centre		 E30,000
Gateway
Church, Poole
Construction ofnew church bulkfing / Kitchen re/orb 640,000
Holy Trinity Perish Church, St Austeg
The Trinity Centre 630,000
Hope Church, Oswestry(2 grants)
New church/
Commun i!yCentre		 building E31,000
National
Churches Trust
Repair Grants Programme (Last o/5 gronts J 625,000
St Luke's Church,
Blackburn
Youth Resourcing
Church		 E50,000
St Luke's Church, Thurnby
The Hub Community
Cenbe		 ond Cafe 625,000
St Michael's Church,
Framgngham
Costie Community
Rooms		 E25,000
The Deptford
Ragged Trust
The Ragged Project E100,000
oci
Ifa
Commu
Emmaus Hertfordshlre
The Hill End Revedelopment ProJect (1sto/2 grants) 6100,000
Emmaus
UK
Buslness support 0//ger-
salary		 625,000
One Small Thing
Hope Street Hub 6100,000
hl)gggf(BBBBE
The BigGive
Christmas
Challenge
Big Give Match Funding		 626,250

Achievements and Performance continued In order to assess the effectiveness
of their grant-making
programme,
the
Trustees ask ag recipients
of grants of 65,000 and above for a report 12
months after the grant has been paid, describing
briefly how the grant has
been spent and commenting
as appropriate
on what has been achieved.
Most ofthe larger grants are only paid fogowlng the fulfilment
of certain
conditions,
and some grants are paid in instalments,
usually over 3years.
The second and subsequent
instalments
of such grants are not released
untg
a review
of progress
has been
satlsfactorgy
completed
and the
Trustees
reserve
the
right
not to make
payment
should
progress
be
deemed
unsatisfactory.
In general
grants to overseas projects are made
through
UK registered
charities
which
are tasked
with
monitoring
and
evaluating
the use of funds on behalf ofthe Trustees
In addition
to grant
expenditure,
a further
E220,245 was
spent
on
investment
manager's
fees, a reduction of4.836on the previous year, and
E119,494 on support
and governance
costs, resulting
In an overall excess
ofIncome over expenditure
ofE401,974. Reserves of unexpended
income
from previous years Increased to E8,018,368.The level ofthese reserves
wgl vary according to the investment
returns
being achieved
and the level
ofgrant expenditure,
but it Isthe 1 rustees'
Intention
that they should not
generally
exceed twelve
montirs
expenditure.
The level
of reserves
Is
currently
well above this which
wig enable the Trustees to continue
to
Increase the level of their grant expenditure
In the short to medium
term
and to continue to explore social Investment
models. Taking into account
a loss on investments
of E595,182, In addition to Investment
managers'
charges,
the value of the Foundation's
expendable
endowment
at the
year-end
fell by E815,427(1.21(j to E67,157,732.
ObJectlves and Activities The Trustees annually
review the maJor risks to which they feel the charity
is exposed. These
fall Into three
main areas: protection
of assets and
income,
integrity
of the
grant-making
process
and
employment
and
retention
of staff. Having
carried out their annual
review of these risks
they remain
confident
that they
have
ln place systems
and procedures
which mitigate the risks as far as possible.

----Unrestricted Funds —-- Tota I
Restricted Expendable Total Fumls
Fund Endowment Income 2023 2022
Note E E f E E
INCOME AND ENDOWMENTS
Investments 2a 2,855,043 2,855,043 2,759,435
Donations
and legacies		 2b 106,551
TOTAL INCOME 2,855,043 2,855,043 2,865,986
EXPENDITURE
Cost of ra(sing funds 220,245 220,245 231,342
Charitable
activities		 2,232,824 2,232,824 2,243,086
TOTALEXPENDITURE 220,245 2,232,824 2,453,069 2,474,428
NET INCOME/(EXPENDITURE) BEFORE
GAINS AND LOSSESON INVESTMENTS (220,245) 622,219 401,974 391,558
OTHER RECOGNISED GAINS AND LOSSES
Net gains/(losses)
on Investments		 10a (595,182) (595,182) 5,620,334
NET INCOME/(EXPENDITURE) AFTER
GAINS AND LOSSESON INVESTMENTS (815,427) 622,219 (193,208) 6,011,892
NET MOVEMENT
IN FUNDS		 (815,427) 622,219 (193,208) 6,011,892
FUND BALANCES BROUGHT FORWARD 7,551 67,973,159 7,396,149 75,376,859 69,364,967
FUND BALANCES CARRIED FORWARD 7,551 67,157,732 8,018,368 75,183,651 75,376,859
2023 2022
Note
FIXEDASSETS
Investments 10a 73,182,648 73,963,027
Social Investment 10b 290,448
73,473,096 73,963,027
CURRENT ASSETS
Debtors 11 35,663
Cash at bank 12 1,807,047 1,449,646
1,807,047 1,485,309
LIABILITIES:amounts faglng due within one year (96,492) (71,477)
NET CURRENT ASSETS 1,710,555 1,413,832
TOTAL ASSETS LESS CURRENT LIABILITIES 75,183,651 75376,859
Representing:
UNRESTRICTED FUNDS
Expendable
endowment		 14 67,157,732 67,973,159
Income Account 14 8,018,368 7,396,149
RESTRICTED FUND 14 7,551 7,551
75,183,651 75376,859
Approved
by the Trustees on
Date
and signed on their behalf by

2023 2022
Note 6
Cash flows from operating activities;
Net cash provided
by (used In) operating		 e«tlvltles 16 (2,392,391) (2,400,012)
Cash flows from Investing activities:
Investment
Income		 2,855,043 2,759,435
Proceeds from sale of investments 4,047,025 5,300,754
Purchase ofSocial Investment (290,448)
Purchase of Investments (5,016,395) (3,953,384)
Net cash provided
by (used In) Investing		 activities 1,595,225 4,106,805
Change
In cash and cash equivalents		 In the year (797,166) 1,706,793
Cash and cash equivalents at the beginning of the year 2,837,481 1,130,688
Cash and cash equivalents at the end of the year 2,040,315 2,837,481
Represented
by,
Cash held within the investment
porffogo		 10 233,268 1,387,835
Cash at bank 12 1,807,047 1,449,646
2,040,315 2,837,481

a) Investment income Unquoted
Investment
Tnrstees Quoted Total Total
Names Investments 2023 2022
6 E
UK Investments 360,433 1,670,679 2,031,112 1,876,441
Overseas Investments 880,864 880,864 973,752
360,433 2,551,543 2,911,976 2,850,193
Less: non-recoverable and overseas tax (74,089) (74,089) (90,906)
360,433 2,477,454 2,837,887 2,759,287
Interest on cash deposit 16,693 148
Other income received 463
2,855,043 2,759,435

and individual s
in further		 ance
of		 Its charitable
ob		 iectlves.
Total Total
2023 2022
E E
Grant funded activity - Out of restricted funds 104,500
- Out of Income funds 2,113,330 2,026,987
Support and governance costs - Charitable Activities 91,667 87,949
- Governance costs 27,827 23,650
2,232,824 2,243,086

ALLOCATION OF GOVERNANCE
AND SUP		 PORT COSTS PORT COSTS
2023 2022
Charitable Charitable
Activities Governance Activities Governance
E E 6 6
Audit fee 5,040 4,140
Accountancy fees 9,715 9,715
Maintenance costs 3,126 347 2,453 273
Employment costs 75,104 8,345 74,165 8,240
Legal fees 2,730
Administration and computer costs 13,437 1,650 11,331 1,282
91,667 27,827 87,949

ANALYSIS OF CHA RITABLE EXPENDITURE OU T OF INCOME FUNDS
2023 2022
No E No E
Chgdren
gr Young People		 26 219,500 26 145,000
Health &Medical Welfare 21 258,150 28 188,000
Overseas Development 20 165,130 34 282,150
Regglon 103 736,000 93 1,017,237
Social Welfare and Community 75 688,800 55 394,600
Miscellaneous 31,250
247 2,098830 236 2,026,987
Grant adjustments p/y 14400
247 2,113,330 236 2,026,987
Brent Adolescent
Centre
Calvert Trust Exmoor
Coleg Egdyr Camphgl
Community
Dean And Cauvln Young People's Trust
Famgy Holiday Charity
Grief Encounter
GROW
Kids on Track
Klngstanding
Regeneration
Trust
Life Education, Wessex BrThames Valley
Llfespace Trust
Linden Lodge Charitable
Trust
National
Star College
Paces Sheffleld
RAW Workshop
Royal National
College for the Blind
Schoolreaders
The Amber Foundation
The Bell Tower Drop In
The Exodus Project
The ilgsaw Trust
The PACE Centre
Tlddlywlnks
Centre
Training
Ship Broadsword SeaTraining Corps
Transitions
UK
Young Carers Development
Trust		 2,500
15,000
10,000
2,500
6,000
2,500
2,000
2,000
2,500
1,000
2,000
5,000
50,000
5,000
25,000
5,000
10,000
5,000
5,000
35,000
2,000
6,000
5,000
5,000
5,000
~300
219,500

7. ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS —continued ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS —continued ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS —continued ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS —continued
jjgylth
IBJHedl~ca ~lfare
Autism Bedfordshlre 30,000
Communities
1st		 5,000
Designablgty 18,000
Diverse Abgitles 2,000
Families United Network 5,000
Favell Day Services 2,500
Heel &Toe Chgdren's Charity 7,000
Henshaws
Society for		 Bgnd People 30,000
KIDS 2,000
Northdale
Horticulture		 4,000
PHAB Ltd 3,500
Pursuing
Independent		 Paths 2,500
SENSE 6,400
Space Cheshire 1,750
Special Need and Parents SNAP 3,000
The Egzabeth
Foundation		 3,500
Thelowdown 120,000
The Sequaj1 rust 2,500
Walsall Society for the Blind Umited 2,500
Walthew
House		 2,000
Youth Ielk Limited 5,000
258,150
jhgtaeas D~lo
IDgltt
Action on Dlsablgty and Development 5,000
Ada ml Project 3,000
Addenbrooke's
Charitable		 Trust 2,500
Book Aid International 10,000
Brldge2Ald 15,000
British Red Cross UK/International 15,000
Build ITInternational 5,000
Christian
Engineers
In		 Development 12,500
Footsteps international 5,000
Himalayan
Trust UK		 6,000
IMPACT Foundation 10,000
International
Centre for Eye Health		 10,000
Uvingstone
Tanzania Trust		 5,000
Motivation 5,000
Ripple Effect 25,000
SafeHands for Mothers Charitable Trust 6,000
The Busoga Trust 5,000
The Huge Partnership
I2grants)		 13,500
World Child Cancer UK 6,630
165,130

ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS -continued ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS -continued
aeeglon
Adelaide
Place Baptist Church, Glasgow		 5,000
All Saints Church, Eaton 2,500
All Saints Church, North Runcton 2,000
All Saints Church,
Rayne		 2,500
All Saints Church, Wokingham 25,000
All Souls Church,
Langham
Place		 10,000
Balderton Methodist
Church		 5,000
Barking Churches
Unite		 5,000
Beacon Church, Newbugdings 2,000
Beulah Baptist Church,
Bexhgl		 2,000
Birmingham
City Mission		 4,000
Brldgwater
Baptist Church		 7,500
Caersalem
Baptist Church
Calvary Baptist Church,
Brynmawr		 2,000
3,000
Christ Church,
Kllkeel		 5,000
Cobham
United Church		 5,000
Crossgate Church 5,000
Dalton Community
Church		 5,000
Diocese In Europe (2grants) 39,500
Dornoch Free Church ofScotland 5,000
Edenderry
Memorial
Methodist		 Church 5,000
Emmanuel
Church
Plymouth		 2,0CO
Emmanuel
Church, Eastbourne		 10,000
Evesham
Baptist Church
CIO		 30,000
Eyemouth
Parish Church		 5,000
Gateway
Church, Poole		 40,000
Glengeld
Methodist
Church		 7,500
Godnrst 5,000
Gwithlan
Chapel Umited		 3,000
Holy &Undivided
Trinity Church,		 Edale 2,500
Holy Trinity Church,
Hurdsfleld		 5,000
Holy Trinity Church, Tarleton 3,000
Holy Trinity Parish
Church, StAusteg		 30,000
Hope Church
Ferndown		 5,000
Hope Church, Coatbrldge
Hope Church, Oswestry
(2grants)		 5,000
31,000
Hope Church,
Rhydyfegn		 5,000
Life Church Bedworth 2,000
Llnton United Reformed Church 2,500
Manchester
Vineyard		 5,000
Mglom Baptist Church 2400
Mount
Egm Evangelkal
Church,		 Swansea 5,000
Nafferton
Methodist
Church		 5,000
National
Churches Trust		 25,000
New Ufe Church, Warwick 1,500
Oughtlbrldge
Parish Church		 2,500
Pattern Church, Swlndon 5,000
Portland
Parish PCC		 2,500
Portree &Bracadale Free Church of Scotland 10,000

ANALTSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS-continued ANALTSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS-continued
Reg
lon
C urchgu
I
cts-contlnu
Ragway Street Presbyterian
Church,		 Usburn 5,000
StAndrew
by the Wardrobe		 7,000
StAndrew's
Church,
Dean Court		 5,000
StAndrew's
Church, Good Easter		 2,000
StAndrew's
Church, Moffat		 5,000
StAugustine's
Church,
Ipswlch		 2,500
St Barnabas Church, Peasemore 3,000
St Boniface Church, Whlpton 5,000
St Botolph without
Aldgate		 20,000
St Egrs Church,
Llanelg		 5,000
StEthelburga's
Church, StLeonard's-on-Sea		 2,500
StGiles Church, Graffham 5,000
StGiles Church, Shermanbury 2,000
St Helen's Church,
Northwlch		 2,500
StJames Church,
Leckhampstead		 5,000
StJames Church,
Nayland		 2,000
StJames Church, Weybrldge 5,000
StJohn the Baptist Church, Granborough 2,500
StJohn the Baptist Church, Snape 3,000
StJohn the Evangegst
Church, Abbeydale		 5,000
StJohn's Church,
Bgborough / St Martin's Church		 2,500
St John's Church,
Blackpool		 7,500
St Lawrence Church,
Bldborough		 1,000
St Luke's Church,
Blackburn		 50,000
St Luke's Church,
Holbeck		 1,000
St Luke's Church, Thurnby 25,000
StMark's Church,
Anlaby Common		 2,000
St Mark's Church,
Newby		 5,000
St Mary the I/Irgln Church,
Buddand		 5,000
St Mary the Virgin Church, Monkseaton 2,000
St Mary the Virgin, Hlgham
Ferrers		 5,000
St Mary's Church,
Feltweg		 3,000
St Mary' sChurch,
Llanfalrtalhalarn		 2,500
St Mary's Church, Plmgco 10,000
St Mary's Church, Westwell 2400
St Mary's Community
Centre, Sheffleld		 4,500
StMichael &AB Angels Church, Sutton 4,COO
StMichael's Church,
Framgngham		 25,000
St Nicolas
Church, Great Bookham		 7,500
St Paul's Church, Bow Common 1,000
StPeter's Church, Copdock 2,500
StPeter's Church,
Eagng		 2,500
StPeter's Church, Haverlngland 2,000
St Swithin's
Church, Lincoln		 16,000
St.Peter's Church Chertsey 5,000
Stanway
Evangegcal
Church		 4,500
Sussex East Area Quaker Meetlrig 5,000
The Parish Church ofSSSimon RJude 2~0
The Plisdon Community 4,000
The Wesley Trust 5,000
Vineyard
Christian
Fellowship ofStAlba ns		 20,000
Wlndmgl
Community
Church, Wolverhampton		 2,500
736,000

ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS -continued EXPENDITURE OUT OF INCOME FUNDS -continued EXPENDITURE OUT OF INCOME FUNDS -continued EXPENDITURE OUT OF INCOME FUNDS -continued
Soda l Welfare
d Co		 unit
Age Concern Slough and Berkshire
Aspire Oxfordshire
Asylum Welcome
Azalea		 East 2,000
7,500
6,000
7,500
Back On Track 1,500
Bethany Christian
Trust
CARE Lt&I		 5,000
5,000
Daventry
Area Community
Transp
The Deptford
Ragged lrust
Disabglty
Challengers
Dundee Women's
Ard		 ort 5,000
100,000
5,000
5,000
Emmaus
Herffordshlre		 100,000
Emmaus
UK		 25,000
Fam Ries Outside 5,000
Feeding Coventry
FirmFoundatlon		 5,000
4,500
Freedom from Torture 5,000
Friends ofthe Elderly 5,000
Good Shepherd
Services
HALOW (Birmingham)
Hlghgate
Newtown
Community
Homeless People and the Oxford
Homeless Support Pro)ect
Hope into Action
InHope (Bristol) Limited
International
Aid Trust		 rtners
Chul'cites
Pa		 5,000
5,000
15,000
2,500
4,000
17,750
5,000
2,500
Jericho Foundation 5,000
Just-Ice Poynton
Justgfe
Key4Ufe
Launchpad
Reading
Lewlsham
Local		 5,000
5,000
7,500
5,000
5,000
Ufegne (Harrogate)
Limited		 2400
Ughthouse
Homes
Living Hope -Belfast
National
Autistk society
NEPACS		 S,DCO
1,800
5,000
5,000
Newark
Emmaus Trust		 2,500
NewStarts 5,000
Noah Enterprise
OffThe Fence Trust		 5,000
5,000
One Small Thing
Open Door Exmouth
Prisoners Abroad		 100,000
5,000
5,000
Prisoners'
Advke Servke		 5,000
Prisoners'
Educationzrust		 5,000
Re5ource Blackburn 2,500
Response Organlsatlon
Restore(York)
Umlted
ROC SOLID		 10,000
5,000
5,000

ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS-continued ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS-continued ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS-continued ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS-continued ANALYSIS OF CHARITABLE EXPENDITURE OUT OF INCOME FUNDS-continued
Soc
elfare		 d Comma -continue
Roundabout 7,000
Ryedale YMCA 5,000
Saracens Sport Foundation 10,000
Segg Suffolk Trust 13,500
SERVE 2,500
Sevem Angels Housing &Support 2,500
Southampton
City		 Mission 5,000
Spite lflelds Crypt Trust 5,000
St Paul's Hostel 5,000
St Peter's Church, Brighton 5,000
St Petrocs 5,000
Staying Put 2,000
Step by Step 5,000
SVP Furniture
Store		 2,000
The Conservation Volunteers 2,750
The Hardman
Trust		 5,000
The Oasis Centre, Gorton 5,000
the Parish Trust 1,500
The Shrevrsbury
Ark		 5,000
The Well Mulu-Cultural Resource Centre 2,500
Trinity Winchester 10,0CO
Turning Tides 2,500
Via Wings 5,000
Wafford Sheltered Workshop Ltd 2,500
Wlntercomfort
for the		 Homeless 5,000
//~ele~ 688,800
The Cranfleld
Trust		 5,000
The BigGive 26,250
31,250
TOTAL GRANTS BYCATEGORY 2,098,830

The Irustees have made non-binding
grant commitments		 payable
In 2023/24,		 and 2024/25 which are detaged below:
2022/23 2023/24 2024/25
E E E
Commitments brought forward at 6 Aprg 2022 291,380 131,320 20,625
Commitments made during the year 139,000 71,000
Commkments paid during the year (216,380)
Commitments outstanding
during the year		 (75,000) 75,000
Commitments carried forward at 5 Aprg 2023 345,320 91,625

FIXEDASSETS
al
Investments		 Cash held
within the
Investment Total
Listed Ungsted portfogo Total 2022
E E 6 E E
Market value at 5 Aprg 2022 62,927,424 9,647,768 1,387,835 73,963,027 68,552,704
Disposal
proceeds
Add: acquisitions		 at cost (4,047,025)
5,016,395		 (4,047,025)
5,016,395		 (5,300,754)
3,953,384
Investment
gains		 (1,393,049) 797,867 (595,182) 5,620,334
Movement ofcash (1,154,567) (1,154,567) 1,137,359
Market value at 5 April 2023 62,503,745 10,445,635 233,268 73,182,648 73,963,027
Investment
assets		 in the UK 3t,827,855 10,445,635 233,268 42,506,758 45,681,796
Investment
assets		 outside the UK 30,675,890 30,675,890 28,281,231
62,503,745 10,445,635 233,268 73,182,648 73,963,027
Historical cost at
- 5 April 2023 46,718,348 3,590,925 50,309,273
-5 Aprg 2022 43,223,863 3,590,925 46,814,788

14. FUNDS
Restricted Expendable Tot aI Total
Funds Endowment Income 2023 2022
E 6 E 6 E
Comprise
the fogowlng:
- Investments		 73,473,096 73,473,096 73,963,027
- Cash 7,551 (6,258,820) 8,058,316 1,807,047 1,449,646
- Creditors (56,544) (39,948) (96,492) (71,477)
- Debtors 35,663
7,551 67,157,732 8,018,368 75,183,651 75,376,859

2023 2022
E 6
Net movement
In		 funds (as per the Statement of Financial Activities) (193,208) 6,011,892
(Gains)/losses
on		 Investments
shown		 in investing activities 595,182 (5,620334)
Deduct investment income shown In investing activities (2,855,043) (2,759,435)
Increase/(decrease) in creditors 25,015 3,528
(Increase)/decrease In debtors 35,663 (35,663)
(2,392,391) (2,400,012)