## 

## 

|||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<br>annual<br>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<br>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,<br>Its Trustees and Advisors|||||||||
|Settlors|||||||||||John Wggam<br>Lalng -|deceased|||||||
||||||||||||Beatrice Laing - deceased||||||||
|Date of|Deed||||||||||29September 1952||||||||
|Trustees|||||||||||SirJohn Martin<br>Kirby|Lalng|||||||
||||||||||||David Eric Lalng||||||||
||||||||||||Christopher<br>Maurice|Laing|||||||
||||||||||||Paula Joan Stephanle|Blacker|||||||
||||||||||||Charles Wggam<br>Davkl LainB||||||||
||||||||||||Alexandra<br>Catherine|Beatrice||Jane Gregory|||||
|Registered||Address|||||||||c/o Laing Family Trusts||||||||
||||||||||||33 Burma Lane||||||||
||||||||||||Mill Hill||||||||
||||||||||||London NW7 2DX||||||||
|Nature ofTrust|||||||||||Registered<br>Charity No.||211884||||||
|Website|||||||||||www<br>rusts.||or .u||||||
|Bankers|||||||||||National<br>Westminster||Bank Pic||||||
||||||||||||Edgware (B)Branch||||||||
||||||||||||317Hale Lane||||||||
||||||||||||Edgware||||||||
||||||||||||Middlesex<br>HAB 7AX||||||||
|Accountants|||||||||||TMF Global Services|(UK) Ltd|||||||
||||||||||||23rs Hoor||||||||
||||||||||||One Angel Court||||||||
||||||||||||London<br>EC2R 7HJ||||||||
|Auditors|||||||||||Mercer & Hole LLP||||||||
||||||||||||72 London Road||||||||
||||||||||||St Albans||||||||
||||||||||||He rtfordshlre<br>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<br>of<br>the evangelical<br>Christian<br>faith, both at home and abroad, and the relief of|
|---|---|---|
|||poverty; these are achieved throu gis the Trust's grant-making<br>programme,|
|||which<br>remains<br>Its only<br>charitable<br>activity.<br>The Trustees<br>continue<br>to|
|||support<br>a wide range ofcharities working to relieve poverty<br>ln Itsbroadest|
|||sense, both throughout<br>the UK and overseas.<br>In doing so, they confirm|
|||that they have referred to the Charity Commission's<br>general guidance<br>on|
|||public<br>benefit.<br>Grant<br>recipients<br>Include<br>organisations<br>working<br>with|
|||disadvantaged<br>children<br>and young people, the elderly, the homeless<br>and|
|||those with physical,<br>mental health or learning<br>difficulties,<br>whatever<br>their|
|||religion,<br>ethnidty<br>or background.<br>An Increasing<br>number<br>of these<br>are|
|||Christian<br>organlsatlons<br>seeking to express Christian<br>faith through<br>practical|
|||action to help those<br>In need,<br>Evidence<br>suggests<br>that churches<br>made<br>a|
|||significant<br>contribution<br>to social welfare<br>provision<br>during<br>the Covkl-19<br>pandemic<br>and continue<br>to do so during<br>the cost-of-gvlng<br>crisis,<br>with|
|||churches at the forefront ofthe Warmer Places Initiative. Trustees believe|
|||that there<br>Is a continuing,<br>and potentially<br>increasingly<br>signlfkant<br>rote for|
|||churches,<br>both as places of worship<br>and as a hub from which support<br>Is|
|||provkled<br>to the local community,<br>and, with<br>this<br>In mind,<br>continue<br>to|
|||support<br>proJects of new church<br>building,<br>extension<br>or redevelopment,|
|||focusing on churches which can demonstrate<br>active outreach to the local|
|||community,<br>both<br>In communicating<br>the Christian<br>message<br>and helping to|
|||relieve poverty by meeting social need.|
|||The I rust's grant-making<br>programme<br>Is financed<br>by income derived from|
|||the Trust's<br>investment<br>portfolio,<br>which<br>Is managed<br>by Vermeer<br>on an|
|||advisory<br>basis and<br>In line with the guidance<br>of the Church<br>of England's|
|||Ethical<br>Advisory<br>Group. Their performance<br>Is reviewed,<br>and measured|
|||against published<br>indices, on a regular basis. The objective continues to be|
|||to seek to maxlmise<br>dividend<br>Income from the existing<br>capital.<br>In May|
|||2022, as an<br>Initial<br>engagement<br>with<br>social<br>Investment<br>models,<br>the|
|||Trustees<br>used some of the Trust's<br>resetves<br>of unexpended<br>income<br>to|
|||purchase<br>a three-bedroom<br>house<br>In Bury St Edmunds.<br>This has been|
|||leased to the charity Hope Into Action for a minimum<br>period of five years|
|||and Is now providing<br>a settled home for a family at risk of homelessness,|
|||supported<br>by Sellg Suffolk (Hope Into Action ipswichj and volunteers<br>from|
|||StEdmundsbury<br>Cathedral. Ihe Trustees are In the process of purchasing|
|||a second such home<br>In ipswich, which wgl be used to house single men on|
|||licence agreements<br>as they seek to rehabilitate<br>their lives.|
|Achievements|and Performance|247 grants<br>were awarded<br>during<br>the year under<br>review. Ihey totalled|
|||E2,113,330, a small Increase on the previous year. A list of all 247 grants|
|||Isprovided<br>In note 7,from which It wgl be evident that the greater number|
|||of grants<br>continue to be for amounts<br>up to ES,000, representing<br>either|
|||modest grants towards the core costs of organlsatlons<br>working<br>nationally|
|||within<br>the Trust's<br>priority areas of giving or small capital grants to local|
|||organlsations<br>working<br>to relieve<br>poverty<br>In their<br>local<br>communities.|
|||Charities<br>offering support<br>to the most vulnerable<br>and disadvantaged<br>In|
|||sodety, Including<br>the homeless,<br>elderly, former Servicemen<br>and women,|
|||ex-offenders<br>and people with dlsablgtles<br>and their families,<br>all continued|
|||to receive support.<br>For a third year, the Trustees<br>also Joined with other|
|||members<br>of the Christian<br>Funders<br>Forum to provide<br>matched<br>funding|
|||through<br>the Together<br>Fund to enable Christian<br>charities to participate<br>In|
|||The Big Give Christmas<br>Challenge.<br>Many ofthese charities are involved<br>In|
|||social action projects<br>In their local communities,<br>and participation<br>In the|
|||Christmas<br>Chagenge<br>provided<br>them with an opportunity<br>to raise valuable|
|||funds and make contact with a wider donor base. Atotalof 9607,909was|
|||raised for 31charltles, a9.7 multiplier<br>on the Champion<br>funding<br>utilized<br>In|
|||the campaign,|





## 

## 

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





## 

## 

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





## 

## 

|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Note||6|
|Cash flows from operating|activities;|||||||
|Net cash provided<br>by (used In) operating||||e«tlvltles|16|(2,392,391)|(2,400,012)|
|Cash flows from Investing|activities:|||||||
|Investment<br>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<br>by (used In) Investing|||activities|||1,595,225|4,106,805|
|Change<br>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<br>by,||||||||
|Cash held within the investment<br>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<br>in further|ance<br>of|Its charitable<br>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<br>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<br>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<br>Centre<br>Calvert Trust Exmoor<br>Coleg Egdyr Camphgl<br>Community<br>Dean And Cauvln Young People's Trust<br>Famgy Holiday Charity<br>Grief Encounter<br>GROW<br>Kids on Track<br>Klngstanding<br>Regeneration<br>Trust<br>Life Education, Wessex BrThames Valley<br>Llfespace Trust<br>Linden Lodge Charitable<br>Trust<br>National<br>Star College<br>Paces Sheffleld<br>RAW Workshop<br>Royal National<br>College for the Blind<br>Schoolreaders<br>The Amber Foundation<br>The Bell Tower Drop In<br>The Exodus Project<br>The ilgsaw Trust<br>The PACE Centre<br>Tlddlywlnks<br>Centre<br>Training<br>Ship Broadsword SeaTraining Corps<br>Transitions<br>UK<br>Young Carers Development<br>Trust|2,500<br>15,000<br>10,000<br>2,500<br>6,000<br>2,500<br>2,000<br>2,000<br>2,500<br>1,000<br>2,000<br>5,000<br>50,000<br>5,000<br>25,000<br>5,000<br>10,000<br>5,000<br>5,000<br>35,000<br>2,000<br>6,000<br>5,000<br>5,000<br>5,000<br>~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<br>IBJHedl~ca ~lfare|||||
||Autism Bedfordshlre||||30,000|
||Communities<br>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<br>Society for|Bgnd People|||30,000|
||KIDS||||2,000|
||Northdale<br>Horticulture||||4,000|
||PHAB Ltd||||3,500|
||Pursuing<br>Independent|Paths|||2,500|
||SENSE||||6,400|
||Space Cheshire||||1,750|
||Special Need and Parents||SNAP||3,000|
||The Egzabeth<br>Foundation||||3,500|
||Thelowdown||||120,000|
||The Sequaj1 rust||||2,500|
||Walsall Society for the|Blind Umited|||2,500|
||Walthew<br>House||||2,000|
||Youth Ielk Limited||||5,000|
||||||258,150|
||jhgtaeas D~lo<br>IDgltt|||||
||Action on Dlsablgty and Development||||5,000|
||Ada ml Project||||3,000|
||Addenbrooke's<br>Charitable||Trust||2,500|
||Book Aid International||||10,000|
||Brldge2Ald||||15,000|
||British Red Cross UK/International||||15,000|
||Build ITInternational||||5,000|
||Christian<br>Engineers<br>In|Development|||12,500|
||Footsteps international||||5,000|
||Himalayan<br>Trust UK||||6,000|
||IMPACT Foundation||||10,000|
||International<br>Centre for Eye Health||||10,000|
||Uvingstone<br>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<br>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<br>Place Baptist Church, Glasgow||5,000|
|All Saints Church, Eaton||2,500|
|All Saints Church, North Runcton||2,000|
|All Saints Church,<br>Rayne||2,500|
|All Saints Church, Wokingham||25,000|
|All Souls Church,<br>Langham<br>Place||10,000|
|Balderton Methodist<br>Church||5,000|
|Barking Churches<br>Unite||5,000|
|Beacon Church, Newbugdings||2,000|
|Beulah Baptist Church,<br>Bexhgl||2,000|
|Birmingham<br>City Mission||4,000|
|Brldgwater<br>Baptist Church||7,500|
|Caersalem<br>Baptist Church<br>Calvary Baptist Church,<br>Brynmawr||2,000<br>3,000|
|Christ Church,<br>Kllkeel||5,000|
|Cobham<br>United Church||5,000|
|Crossgate Church||5,000|
|Dalton Community<br>Church||5,000|
|Diocese In Europe (2grants)||39,500|
|Dornoch Free Church ofScotland||5,000|
|Edenderry<br>Memorial<br>Methodist|Church|5,000|
|Emmanuel<br>Church<br>Plymouth||2,0CO|
|Emmanuel<br>Church, Eastbourne||10,000|
|Evesham<br>Baptist Church<br>CIO||30,000|
|Eyemouth<br>Parish Church||5,000|
|Gateway<br>Church, Poole||40,000|
|Glengeld<br>Methodist<br>Church||7,500|
|Godnrst||5,000|
|Gwithlan<br>Chapel Umited||3,000|
|Holy &Undivided<br>Trinity Church,|Edale|2,500|
|Holy Trinity Church,<br>Hurdsfleld||5,000|
|Holy Trinity Church, Tarleton||3,000|
|Holy Trinity Parish<br>Church, StAusteg||30,000|
|Hope Church<br>Ferndown||5,000|
|Hope Church, Coatbrldge<br>Hope Church, Oswestry<br>(2grants)||5,000<br>31,000|
|Hope Church,<br>Rhydyfegn||5,000|
|Life Church Bedworth||2,000|
|Llnton United Reformed Church||2,500|
|Manchester<br>Vineyard||5,000|
|Mglom Baptist Church||2400|
|Mount<br>Egm Evangelkal<br>Church,|Swansea|5,000|
|Nafferton<br>Methodist<br>Church||5,000|
|National<br>Churches Trust||25,000|
|New Ufe Church, Warwick||1,500|
|Oughtlbrldge<br>Parish Church||2,500|
|Pattern Church, Swlndon||5,000|
|Portland<br>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<br>lon<br>C urchgu<br>I<br>cts-contlnu|||
|Ragway Street Presbyterian<br>Church,|Usburn|5,000|
|StAndrew<br>by the Wardrobe||7,000|
|StAndrew's<br>Church,<br>Dean Court||5,000|
|StAndrew's<br>Church, Good Easter||2,000|
|StAndrew's<br>Church, Moffat||5,000|
|StAugustine's<br>Church,<br>Ipswlch||2,500|
|St Barnabas Church, Peasemore||3,000|
|St Boniface Church, Whlpton||5,000|
|St Botolph without<br>Aldgate||20,000|
|St Egrs Church,<br>Llanelg||5,000|
|StEthelburga's<br>Church, StLeonard's-on-Sea||2,500|
|StGiles Church, Graffham||5,000|
|StGiles Church, Shermanbury||2,000|
|St Helen's Church,<br>Northwlch||2,500|
|StJames Church,<br>Leckhampstead||5,000|
|StJames Church,<br>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<br>Church, Abbeydale||5,000|
|StJohn's Church,<br>Bgborough / St Martin's Church||2,500|
|St John's Church,<br>Blackpool||7,500|
|St Lawrence Church,<br>Bldborough||1,000|
|St Luke's Church,<br>Blackburn||50,000|
|St Luke's Church,<br>Holbeck||1,000|
|St Luke's Church, Thurnby||25,000|
|StMark's Church,<br>Anlaby Common||2,000|
|St Mark's Church,<br>Newby||5,000|
|St Mary the I/Irgln Church,<br>Buddand||5,000|
|St Mary the Virgin Church, Monkseaton||2,000|
|St Mary the Virgin, Hlgham<br>Ferrers||5,000|
|St Mary's Church,<br>Feltweg||3,000|
|St Mary' sChurch,<br>Llanfalrtalhalarn||2,500|
|St Mary's Church, Plmgco||10,000|
|St Mary's Church, Westwell||2400|
|St Mary's Community<br>Centre, Sheffleld||4,500|
|StMichael &AB Angels Church, Sutton||4,COO|
|StMichael's Church,<br>Framgngham||25,000|
|St Nicolas<br>Church, Great Bookham||7,500|
|St Paul's Church, Bow Common||1,000|
|StPeter's Church, Copdock||2,500|
|StPeter's Church,<br>Eagng||2,500|
|StPeter's Church, Haverlngland||2,000|
|St Swithin's<br>Church, Lincoln||16,000|
|St.Peter's Church Chertsey||5,000|
|Stanway<br>Evangegcal<br>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<br>Christian<br>Fellowship ofStAlba ns||20,000|
|Wlndmgl<br>Community<br>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<br>d Co|unit|||||
|Age Concern Slough and Berkshire<br>Aspire Oxfordshire<br>Asylum Welcome<br>Azalea||||East|2,000<br>7,500<br>6,000<br>7,500|
|Back On Track|||||1,500|
|Bethany Christian<br>Trust<br>CARE Lt&I|||||5,000<br>5,000|
|Daventry<br>Area Community<br>Transp<br>The Deptford<br>Ragged lrust<br>Disabglty<br>Challengers<br>Dundee Women's<br>Ard|||ort||5,000<br>100,000<br>5,000<br>5,000|
|Emmaus<br>Herffordshlre|||||100,000|
|Emmaus<br>UK|||||25,000|
|Fam Ries Outside|||||5,000|
|Feeding Coventry<br>FirmFoundatlon|||||5,000<br>4,500|
|Freedom from Torture|||||5,000|
|Friends ofthe Elderly|||||5,000|
|Good Shepherd<br>Services<br>HALOW (Birmingham)<br>Hlghgate<br>Newtown<br>Community<br>Homeless People and the Oxford<br>Homeless Support Pro)ect<br>Hope into Action<br>InHope (Bristol) Limited<br>International<br>Aid Trust||rtners<br>Chul'cites<br>Pa|||5,000<br>5,000<br>15,000<br>2,500<br>4,000<br>17,750<br>5,000<br>2,500|
|Jericho Foundation|||||5,000|
|Just-Ice Poynton<br>Justgfe<br>Key4Ufe<br>Launchpad<br>Reading<br>Lewlsham<br>Local|||||5,000<br>5,000<br>7,500<br>5,000<br>5,000|
|Ufegne (Harrogate)<br>Limited|||||2400|
|Ughthouse<br>Homes<br>Living Hope -Belfast<br>National<br>Autistk society<br>NEPACS|||||S,DCO<br>1,800<br>5,000<br>5,000|
|Newark<br>Emmaus Trust|||||2,500|
|NewStarts|||||5,000|
|Noah Enterprise<br>OffThe Fence Trust|||||5,000<br>5,000|
|One Small Thing<br>Open Door Exmouth<br>Prisoners Abroad|||||100,000<br>5,000<br>5,000|
|Prisoners'<br>Advke Servke|||||5,000|
|Prisoners'<br>Educationzrust|||||5,000|
|Re5ource Blackburn|||||2,500|
|Response Organlsatlon<br>Restore(York)<br>Umlted<br>ROC SOLID|||||10,000<br>5,000<br>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<br>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<br>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<br>Store|||||2,000|
|The Conservation|Volunteers||||2,750|
|The Hardman<br>Trust|||||5,000|
|The Oasis Centre,|Gorton||||5,000|
|the Parish Trust|||||1,500|
|The Shrevrsbury<br>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<br>for the||Homeless|||5,000|
|//~ele~|||||688,800|
|The Cranfleld<br>Trust|||||5,000|
|The BigGive|||||26,250|
||||||31,250|
|TOTAL GRANTS BYCATEGORY|||||2,098,830|





## 

## 

## 

## 

|The Irustees|have made non-binding<br>grant commitments|payable<br>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<br>during the year|(75,000)|75,000||
|Commitments|carried forward at 5 Aprg 2023||345,320|91,625|



## 

|FIXEDASSETS||||||||
|---|---|---|---|---|---|---|---|
|al<br>Investments|||||Cash held<br>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<br>proceeds<br>Add: acquisitions|at cost||(4,047,025)<br>5,016,395|||(4,047,025)<br>5,016,395|(5,300,754)<br>3,953,384|
|Investment<br>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<br>assets||in the UK|3t,827,855|10,445,635|233,268|42,506,758|45,681,796|
|Investment<br>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<br>the fogowlng:<br>- 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<br>In|funds (as per the|Statement||of|Financial|Activities)|(193,208)|6,011,892|
|(Gains)/losses<br>on|Investments<br>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)|