Charlty rogl$tration number 233696
LASLETT'S (HINTON) CHARITY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

LASLETT'S (HINTON) CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trusts
Mr C R Anstey
Mrs L C Baxter
Mr T J Bridge5
MrDBDale
Mr P W Hughe5
Mrs A T King
Mrs G T Newman
Mi J V Panter
Mrs LA Prèèce
Mrs N J Rogers
Mr M J Tarver
Mrs K M Vincent
(Appointed 1 April 20231
(Retired 31 January 2023)
Chairnian
Mr J V Panttsr
Finance &
Investment Committee
Mr C R Anstey
Mrs L C Baxter
Mr080ale
Mr P W Hughe$
Mr J V Panter
Mrs L A Preece
Mr M J Tarv81
(Retired 31 January 2023}
Grants Commltt••
Mr C R Anstey
Mrs L C Baxter
Mr T J Bridges
Mrs G T Newrnan
Mrs LA Preece
Mrs K M Vincent
Property & Ayricultural
Committee
Mr C R Anstey
MrDBDale
Mi P W Hughes
Mr J V Pant8r
Mrs N J Rogers
Mr M J Tarver
(Retired 31 January 20231
Each Committee meeting is attendod by the Clerk andlor the Agent as appropriate.

LASLETT'S (HINTON) CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Clerk to thè TruBtees
Mi S P Inman
Kateryn Heywood House
Berkeley Court
The Foregate
Worcestei
WR13QG
Agent to the Trustees
MrA L Robinson MRICS
ARC Surveyors Limited
The Cedar Offioe
5 Thackholme
Vvorcesler
WR4 ORZ
Charity Number
233696
Registered Officè
Kaleryn Heywood House
Berkeley Court
The Foiegale
Worcestèr
WR13QG
Auditor
Kendall Wadley LLP
Merevale House
27 Sansorne Walk
Worcester
WR1 1NU
Bankèrs
Lloyds Bank PIC
4 Thè Cross
Worcester
WR13PL
Investment Advisors
Quilter Cheviot Inve$lFnenl Management
Senator House
85 Queen Victoria Street
London
EC4V 4AB
By a Resolution passed at a duly consliluled meeting of the Trustees of Laslelt's (Hinlonl Charity on the 30th
day ol October 1962 there was conferred upon any three or more of the Trustèes the power to execute Deeds
or instruments in the names ol the Trustees in accordance with the provisions of Section 34 of the Charities
Act 1960.

LASLETT'S (HINTON) CHARITY
CONTENTS
Page
Trustees, report
Statement of Trustees, responsibilities
11
Independent auditor's ￿port
12-14
Sta16ment of finan¢ial activitiès
15- 16
Balance sheet
17
Slalemenl of cash flows
18
Notes lo the financial slalemenls
19-31

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The TfUSlees present IheiT report and accounts for the year ended 31 Oecernber 2023.
The accounts have been prepared in accordance with the accounting poliaes set out in note 1 and comply with the
Charity's Trust Deed. the Charities Act 2011 and 'Accounling and Reporting by Charities.. Statement ol
Recommended Practice applicable to charities preparing their accounts in aceordance with the Financial Reporting
Standard applicable in the UK and Rèpublic of Ireland IFRS 1021. las amendèd foi accounting periods commencing
from 1 January 20191
Rèfèrène• and admlnlstrative details
Rèference and administrative details are prowded on the pages preceding this report. Details of the Trusl8e$
serving during the year are given below in the structure. govemance and rnanagemenl section.
Objectives and activities
Objective5
The Charitab￿ purposes of the Charity are sel out in the 1879 Trust Deed and the Tru51ees consider that the
following (quoting from the deed) are the most relevant'.-
assisting in the repair, resloralion. rebuilding or refitting ol any Churches and Chapels connected with th&
Established Church ol England.,
assisting poor, 3ged 01 Infirm persons in such a mannèr as the Trustees rnay think fit.,
providing and mainlainillg Almshouses or other home5 lor aged poor men or women either in cortjunclion with
or separate frotn and in addition to the Almshouses in the City of Worcester already established and endowed
by the said Wlliarn Lasletl and making allowanoe5 to the inmates ol any of the said Almshouse5 and other
homes so as lo be provided and maintained or already established and endowed aforesaid foi their
maintenance and clothing.
The Charity carries out these objectives piimarily by..
prowding grants to ehurches notably in relation to thè ropair and upkeep of the fabric but also lo their overall
irnpiovemenl by the oreation of additional facilities",
pioviding grants lo charitable organisalions which have as their key priority the health and welfare of persons in
need.. and.,
acting in conjunction with and providing finanaal assistance il and when ￿qUired lo the La51etl's Almshouse
Charity.
Public benèllt
The Trusle8s havè paid due regard to guidance issued by the Charity Commission in deciding what adiwties the
Charity should undertake.
The benefit derived Iiom grants awarded is 6vidènl from..
a. the improvernent of Church structures enabling them lo continue to provide a place of worship lor the local
comfflunity and in turn for the church as a body to prowde support to local groups largely of a volunteer kind.
Some 32 churches were offered grant provision during the course 012023. The payment Is then dependent on
the work proceeding and is available Ic> be claimed for a period of years as from the date of the awawd.
This may be extended with discretion".
b. the ability of a variety of charitable organisalions to maintain their presence and viability and provide help and
support whether of a financial. social. medical or advisory kind to tTTretnbers of the public who rely on such acts
ol generosity. Some 25 organisalions (including the 18 referred lo elsewhere in this report with longer term
ILJndingl were the beneficiane5 of such grants during the coursè 012023..
c. th& knowledge that the residen15 of the Almshouses can be a55uied ol continued housin9 provision in a
pleasant and safe environment.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Activities
The main activities for the charity relat& first lo thè management of the farms and resid8nlial properties and Ihe
liai50n Wlth their respective tenants and thèn secondly lo the distribution of any surplus in the form of grant funding.
These land and property holdings are looaled prirllaiily in and around the village ol Hinton on the Green near
Evesham though during the course ol the last couple of years the decision has been taken a5 Part ol the pioperty
portfolio review lo acquire residential properties on the southern and Sout￿easter￿ outskirts of Worcester due lo the
buoyant housing market there. These assets along with a porilolio ol investments ale managed with a view to
securing a consistent revenue 51ream which can be ulilised towards the provision of 9ranls. The management of the
residential properties Include5 their improvement and renewal and having plan5 in pla￿ for repair and maintenance
works to be carried out. With the financial surplus generated from the pwoperty rentals, the piovision and
administration of gran15 is an important resultin9 activity.
Aehièvements and perfomiance
lal Income (Renlsl
During the course ol the year the level of incorne from farming and residential tenants remained good with ren15
being paid broadly on time. Thi5 ha5 been oorllmendable given the ever present economic uncertainties in the
farming industry and the budget pie55ure5 for residential tenants. The level of long teiw rent arrears has remained
at £0. This allowed the chaiity to con501idale ils balance sheet and to contemplate with greater certainty how future
surpluses could be channe51ed towards its charitable objectives namely grant provision.
In addition to ensuring a salislactory rental inwme from farm tenants, the Agent worked with them lo mainta￿￿ and
enhance their farming practices particularly in relation lo the upkeep of the main farmhouses bul importantly other
anallary buildings and facilities.
The charity has continued to review its asset base, in order lo identify potential opportunities. During 2022, the
Charity sought lo realise capital value by Submitting a Class Q Permitted Development 8pplicalion lor the
conversion of a redundant modern agiicultuial building lo residential use. The application lo collvert the building into
five residential units was sueeesslul. Following further consideration and planning advice. the Trustees resolved lo
enhance the potential capital receipt further by submitting a subsequent application for derrolilion ol the redundant
building and replacement with five new build dwellings. The Class Q approval would remain as a fallback position.
Whilsl discussions have proved lo be extremely protracted with the Local Authority largely in rdation lo the
proposed external design of the proposed new dwellings the oullook towards the end 012023 appeared posltive. A
Class Q Permitted Development application for the conversion of another range of modern buildings at another of
the Charity's faims was submitted in 2023. Approval was secured lor the creation 015 residential Ljnils in two
agii¢ullural buildings. Again to optimise the likely capital receipt the Trustees intend to apply lor permission to
demolish and replace with 5 new build dwellings.
In terms of its agricultural holdings . the Charity continued with its collaborative investment policy with thè current
oceupiers of Grev111e Hall Farm. As envisaged previously, it was pleasing that with rnatch funding from other grant
funder5 and a oonlribulion by the tenants themselves, Laslett's unconditional grant towards the cost of upgrading
the extensive yard concreting ensure the project was suc¢6ssfully completed.
The Charity continues lo look to implement the long-term disposal strategy agreed some years ago involving further
properties that were considered unsuitable lor producing a long-term and stjslainable nel income stream. However,
no further disposals weie made in 2023 other than two ancillary strips of land adjacent to privately owned pioperties
lo those owners. There were also no acquisitions ol land tsr buildings within its estate.

LASLETT'S (HINTON) CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Ibl Grants
A reading of the original trust deed and interpreting that into thè modern era suggests that grant awards can be
made in Iwo specific areas.
First, by giving sUPPOrt lo the work of the Church ol England mainly within the historic wOr￿ster Dioeese (but also
lo adjoining dioceses notably He￿10rd, Glouce51er and Lichfield as well as 8irmingham and Covenlryl by
contributing towards the cost of church fabric repairs and improvements lo facilities for the congregation.
Secondly, to support a whole variety of organisations who themselves can demonslrale charitable objectives in the
provision of financial. social, educational, health and welfare assistance lo those members of the (x)mmunily who
8fe unable econornically 01 physically to do so Ihèmselve5. Grants arè not made to individuals dirèct.
In administering the grants. the Iruslees rely on the grant policy they adopted in Janu8ry 2018 and subject to rninor
revision in October 2020 and again in October 2023. Thi5 set5 out the criteria to be considered when m8king a
decisionas to whelhei or not lo award a grant and if so in what sum. In exercising their discretion under the policy
the tiustees are aided in this process by a scoresheet which they may ulilise to help them to refine an initial
judgemént.
Although grants are generally made in response to one-off applications from rhanlable organisalions, the Trustees
felt that Iwo such organisalions based in Worcester but a150 operating within the county should be grant aided over
a longer peiiod of lime and lo an enhanced degree compared with others.
One such organisation that was based in Worcester bul which operated throughout Worcestershire and further
afield was Youth Support Services IYSSI. This group was wèll established and had a particular focus on providing
support lor the rehabililalion ol offenders following completion of their custodial sentence. Laslett's has supported
YSS with grants since June 2015.. ils Present stream tsf funding was renewed in 2021 for a further period of three
years.
A further organisation that the Trustees felt should be given longer teim support was the Worcester Citizen's Advice
Bureau. This organisation has beèn well established in Worcester. Laslelt's has supportèd the CAB with grants lo
fund an Advi￿ and Housing Support Worker Sin￿ April 2017", the present stream ol funding was renewed in 2021
lor a ftjrther period ol Ihiee year5.
During 2020 given the success appertaining to the YSS and CAB granls noted above, the trustees extended the
concept of providing certain other charities with lon9er lerrr funding up to a m8ximum of 3 years. Chaiilies which
had received giant funding from Laslett's in at least two ol the prewous three years We￿ invited to submit
applications with supporting documentation and lo 8ttend formal interviews. As a result some nine local charitable
organisations were successful which provided them with the benefit of having the certainty of funding lor that longer
period and avoided the necessity of 5ubrnilling new applications each year. This provided some reduction in the
adminislralive process lor both the charilies concerned and Laslell's. The total awarded for the calendar year 2023
under this heading amovnled lo £38.500.
During 2021 in view of the success of providing longèr leim funding lo speeific charities as above, the scheme was
expanded. Again charities which had received grant funding from Lasltstl's in 31 least two of the provious three years
weie invited lo submit applications and attend for interview. As a resLJIt, a further six local charitable organisalions
weie successful. The total awarded foi thè calendar year 2023 under thi5 heading amounted 19 £25.020.
There were no futher charities added lo this category during 2022.
During 2023 thè scheme was further expanded in the same manner as before lo two other local charities with grants
amounting lo £11.000.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Throughout 2023 the Grants Committee worked lo a budget of £250.000 for awarding grants. Of that figure
£93.750 was allocated to churches within the six defined dioceses and lor the purposes as referred to above
and the balance of £1 $6,250 lor charitable organisalions again as defined above and coming within the overall
grants policy provision.
In awarding grants, commitments weie made for longer temi funding again in a¢¢ordance with the paragraph5 sel
out above tts the value of £72,000 p8yable in future years.
A combination of grants awarded which were payable this year plus grants awarded bul payable in fvture years
amounted lo £248.678. Adding the separate grant awarded to the In¢umbenl of the Parish of £1200, leads to the
riguie shown in the accoun15 of £249,878. Grants. mainly lo chuiches rnay be rescinded if the work has been
cornpleled wilhoul recourse to the grant or the church has been unable lo proceed with the intended work8. A period
of two years plus a discretionary provision lor extension is allowed lor such works to be completed.
Financial review
During 2023 the income for the Charity was £581,922 and the expenditure lincluding grants) was £4ts9.514.
th gains in the value of investments of £128.000 and 3n upward revaluation of properties of £890.000. the overall
value ol the charity increased by £1,190,408 from £21,550.779 to £22,741,187.
Following théir appoinlTnenl Quilter Cheviot drafted a frèsh stslemenl of investment policy which was approved by
the Trustees. Although il wa5 reviewed in 2023, no changes weTe made lo it. The key features of this ar&.,
Investment objective - Longer-term a$5els (reserves and endowmenll will be invested with the aim of at
least maintaining the value or purchasing power in real terms li.e. against inflation).
b. Total relum largel- The total return target for the investment portfolios has been set at inflal'on ICPII plus
3.5°/v p.a. nel of fees.
c. Income ¥equirement- Income target has been set at a minimum of 3OA per annum.
d. rime Horiion The limts horizon for the investment portftslio is considered lo be long term li.e. more than five
years).

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
RèseNe$ policy
The total resetve5 of the charity are as shown on the Slalement of Financial Activities. Thèy ¢omFXi5e Iwo principal
headings, lal the capital fund. which rèpresents permanent endowed asset5 and is hence reSt￿￿ted in the nature of
its application". and., Ibl the income funds, which are less restricted in their application and contain two component
parts - first. the desigrialed fund lo be ulilised for lal relurbishmenl of properties, and. Ibl grants and secondly the
general Iijnd which the trustee5 can utilise within their overall discietion. The endowed fund is represented mainly
by the value of freehold land and buildings together with some financial investmefj15 and any cash arising on
pioperty disposals held on a temporary basis that will be ulili88d to acquire further properties.
The position is summarised within figures taken from thè balance sheet as follows..
D¢scription
2022
GainllLossl
2023
Endowed Fund
£20,403,865
£990.fj38
£21,394.503
Designated (Relurbishmenll Fund
Designated (Granlsl Fund
£296.000
£333.557
£0
£103,458
£296,000
£437,015
General IUnrestri¢tèdl Fund
£517,357
£96,312
£613,669
Total
£21,550,779
£1.190.408
£22,741,187
The Designated Fund ¢ompri5es iwo elements- one for refurbishment of propertie5 and one for futu￿ payment of
grants.
Refurbishment. The Trustees look the dècision some while ago that 9ivén the nature, age and use ol the various
properties in their ownership it was pnjdenl to have a healthy IL4nd available for any nece55ary refwbishrllents
particulady in Tespect ol works whieh ale beyond the usual liability of their agricultural and residential tenants. This
stands al £296.000.
Grants. Although discretiollary in 115 nature. the provision of grant funding to charitie5 and churches is one that th&
Trustees wish lo maintain on a regular basis and enhance if possible. Consequently they have detertnined that Il 1$
important that there Should also be set aside In advan￿ 8n arnount equivalent lo the anticipated budget for grant
provision lor the ellsuing year. That figure foi 2024 is £250.000. Allowing as well for grants awarded but not yet paid
(largely appliealion5 from churches for repair and upgrade projects where funding needs to be assembled first) the
fund now stands al £437,015.
The General Fund increased in 2023 by £96,312 and now stands al £613.669. The Trustees have aimed to retain a
lèvel of unreslricled reserves equivalent lo the running costs of the Charity for a period of at least one year. In 2[123
those running costs amounted lo £409,514. The Trusteès determined. therefore. that the reserves were sufficient.

LASLETT'S (HINTON) CHARITY
TRUSTEES. REPORT (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2023
Investment Powers
The Trustees, Stock Exchange investments are either equities or govemmenl stock5. The Trustees regularfy consult
with their investment adviser and take due regard ol any reeommendalions and investments made.
The Trustees will invest the funds in accordanc& with thè Trustee Act 2000. Within the Act the Trustees..
shall Èxer¢ise such power wrth the ¢are that a piudent person of business would in making investments for
a person ftir whom they moially obliged lo provide..
shall not rrake any speculative or hazardous investment land for avoidanee ol doubl this powèr to invest
does not extend lo laying out money on the acquisition of futures and or trading Optionsl",
• shall have regard to the need for diversification of investments in the circumstances of the charity and to
the suitability of the proposed inveslmenls.,
there are no ethical or geographical restrictions.
Trustees additionally have a duly to review their investments al regular intervals. The Trustees will review the
investment poliey at least annually. Th6 Trusteès may Change any part ol the policy at any lime.
The Investment Manager must be an aulhorised person who is entitled to carry out investment business under the
piovisions of the Financial SeNices Act 1986.
The Trustees have delegated the powers of inveslrnent management to Quilter Cheviol.
Performance
The balance sheet shows that as at 31 Oecember 2023, invÈslmenls amounted to £1.953,150 compared with
£1,825,149 as at 31 December 2022, an increase of £128,001.
The majority of such monies were invfrsted by Quilter Cheviol in their bespoke Global Income & Growth Fund for
Charities", thè balan¢È was held with M&G Charity Mulli Assets Fund.
The income derived from inveslrnenls incre8sed during 2023 as compared with the p￿VIouS year incfeasing from
£44,020 10 £110.196.
Cash deposits
Cash deposits are placed with approved banks with suitable eièdil rating5. The Trustees agreed last the year,
having taken advice, lo open an account with Flagstone Investment Mallagement Limited. This enabled the Charity
to select and operate deposit accounts with selected financial inslilulions on behalf of the Charity. All such dep05115
were made with banks eovered by the FSCS guarantee scheme. The deposits are made on a variety of terms.
Some accounts are instant a¢￿55. some are Iixed lertn. some are notice accounts ranging from 35 to 95 days,
notice. At the end of the term 01 the notice penod the cash can be reinvested in the same or differènt deposit
holding. This has substantially raised the level of income cornpared with that when held al the Chaiity's own bank.
Cash deposits may also be retained within the charity fund managed by Quilttsr Chewot.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Risk managemènt
The Trustees have ctsnsidered the major risks to which they consider the Charity has been exposèd and concluded
that these lie in the inherent risks ol prevailing conditions in agriculture and in the r&sidenlial property market and in
the stock exchange. The Truslees are well aware ol the economic uncertaintiès both in agriculture and the stock
market generally and will lake wha18ver steps they consid&[ necessary after taking profession31 advice to mitigate
and redLI￿ those risks.
During the cours6 of both 2020 and 2021 the trustees were very mindful ol the thieal posed by the pandemic to the
business operatio￿S of the charity. and In particular to the ability of the farming 3nd residential tenants lo maintain
rental payments. The trustees have considered themselves fortullate that again In 2023 and to date such payments
have not fallen into arrears and the farming businesses of their tenants appear lo iemain slrong.
Risk identification and management are specifically discu55ed at each Trustee Board meeting. An important step
was taken duiing the year lo draw up a fresh risk register based on recognised standard formats, identifying risk of
a governarice. operational, financial. environmental or repulalional nature. Such risks were apprOpr￿telY scored by
Board rnembers. None were idenlilied as being in the red category but rather all fell within the moderate or low risk
category. The 8oard will now review this document on a regular basis each year.
The Tiuslees confimi that no serious incident has taken place whi¢h they should have reported to the Charity
Commission but have not.
Plans for the futurè
The Trustees overall objective is to maximise the level ol income that is available for grants and thereby fulfill the
objectives of the Trust Deeds. They will continue to do this by pursuing a policy of sound estate management.
Arising from the review ol the property portfolio in 2017. the Trustees will continue with the disposal of certain
dwelling5 and building plots. Aligned lo those disposals the Trustees will continue their programrne lo invest in
alternative Imore modern and energy efficientl properties which can produce a higher rental ieturn from which an
increased level ol grants lo churches and charitable or9anisalions can be made thus fulfilling the objectives of the
Trust Deed. As an interim measure whilst seeking to purchase such properties, the Trustees will look to hold cash
with banks and building so¢ielie5 (including deposi15 held through Flagstone referred lo above) which can pay an
attractive rate of interest.
In respect of the agricultural land and holdings il remains thè Trustees, overall vièw that there should be no large-
scale disposal of the Estate though as and when opportunities present themselves. they would look lo enhance
value.
During the course of this last year the Trustees having previously made the decision lo convert charity from its
urrent legal status of being unincorporated lo that of a Charitable Incorporated Organisalion ICIOI. selected and
erTrgaged a firm of well-established solicitors to Carry out the necessary legal work for this lo be achieved. The Clerk
has coordinated the necessary procedures and provided the detailed instructions. 11 is hoped this work will be
completed dijring the ¢ourse ol the coming year.
Structure, governance and management
The Charity wa5 established by Williatll Lasletl 11799-18841. a Worcester member of parliament, mayor, civic
dignitary and philanthropist. It opeiales under the lemis ol a Trust Deed dated 17 January 1879. Its Registered
Chaiity nufflber is 233696.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
The TFuslees who served during the year and up lo the date of signature tsf the financjal statements werè".
Mr C R Anstey
Mrs L C Baxter
Mr T J Bridges
DBDale
Mr P W Hughes
Mrs G T Newtn8n
Mr J V Panter
Mrs LA Preece
M15 N J Roger5
Mr M J TaNer
Mrs K M Vincent
rsA TKing
IRe5igned 31 January 2023}
(Appointed 1 Apfil 2023}
The Trustees ol this Charity also serve as TIu5t8e5 of Laslett's Almshouses and have been appointed by a long
series of Deeds of Appointment andlor Reliretnenl since 1879, There is no provision as to the length of service or
requirement for re-appointm&nl aftei a specified period of lime.
All Trustees give ttteir Iirne freely and no rerlluneration was paid to any ol them during the year. Trustees are
required to disclose all relevant interests and lo register them with the Clerk. The Trustees are also required lo give
detai15 of any Interest that may relate lo an agenda item in which event il there is a conflict or perceived conflict ol
interest. they will withdraw from the rneeting.
Appolnfment of Trustees
The Board of Trustees have a wide range of professional and ¢orrTnercial experience including agriculture,
charitable bodies. church archileclLJre, estate management, soeial work. care for the elderly, and accountancy. The
Charity seeks lo appoint Trustees who have skills and èxpertise which are relevant to the areas in which the Charity
operates.
At the lime of appointment, new Trustees are provided with an induction pack within which are not&s selling out the
history and background of the charity including ils original objective5. current policies and eopies of Board and
Committee minutes for the preceding twelve months or longer period if necessary. Prior to formal aptx)inlment,
potential new Trustees who have béen Interviewed and ac¢epled the role in principle are PTovided with thè
opportunity lo have some one-to-one discu5510n with the Cleik and Agent and with the Chairman. In addition they
are invested in a guest and conlidenlial capacity to the Board meeting prior to the dale of Iheir irtended
appointment to gain first-hand experience of the Board and its workings.

LASLETT'S (HINTON) CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Oryanisational structure
The Board ol Trkjslees meets on a iegular quarterly basis. Usually the venue lor those meetings is the cornmunily
room in Laslett's Almshouses. Union Street, Worcester bul for the July quarterly meeting, it meets al Elmley Castle
Village H811 close lo the Hinton Estate properties. With the input of their Agent, Clerk and InveslrrEnt Advisor by way
of written reports andlor allendance al the meetinos, they Iniliale, review and adopt policies which further the
objects of the Charity as set out in the Trust Deed and ènsuie compliance with current legislation and recommellded
good practice. The Trustees are also responsibl& for setting the remuneration levels of staff appointed by thè charity.
To enable the more expeditious conduct of business thè Ttuslees have created Ihrtre Commillees whith may
examine relevant issues in more detail and which may make recommendations lo the Trustees lo make a formal
decision.
The Grants Committee which meets on a regulai quarterly basis is given the duty of giving detailed considèration to
all grant applications received and to recommend approval or rejection lo the Board of Trustees. 11 does not havè
delegated power lo make a final decision. Applications lor grants are submilled lo the Clerk prior to their submission
lo the Grants ComTnillee. The form on which applications are subtllitted is designed to provide the Trustees with
th& data they require lo tnake informed decisions.
The Finance and Investment Committee meets quarterly with one of those meetings being attended by the Charity's
investment managers when the overall direction and performance of the investments can b6 revièwed and heed
given lo emerging trends. Ttte Comrnitlee receives and reviews management accounts throughout the year and
approves those lor the yeai-end in readiness lor audit. The Committee also has respon51bilily for producing
budget lor the forthcoming year within which it endeavours to maximi5e the amount available for giant awards.
The Property and Agriculture Committee meets on an ad hoc basis to consider issue5 relating to the management
ol the Charity's assets (primarily farms and landholdings) where decisions of a si9nilicant nature are required lo be
taken and which the Agent feels would benefit fiotn Glosei scrutiny. A lull reoommendation can then be made to the
Board.
Trustees are required lo declaie any specific interest before any di5cvssion relating to grants or any other matters
discussed al either Tru51ees' meetings or al the Grants and Investment Committee tneeling5. There have boen no
decjared interests in the year of account.
The Agent lo the Charity is Mr Adrian Robinson of ARC Surveyors Limited, The Cedar Office. S Thackholrne,
Worcesler, WR4 ORZ whose duties and rèsponsibilities include the following..
Management of the Charity'5 properties induding liaison wrth tenants and licensèès and overseeing
rinances.,
Reporting lo each quarterly meeting of the Trustees
All aspects of financial administration including the Charity's needs and cash flow position and the
preparation ol quarterly management account5.
Advising the Twslees on what funds are available for distribution as grants.
The Clerk lo the Charity is Mr Stephen Inman whose duties and responsibilities in¢lude the following..
Preparation of agendas lor quarterly Trustee Board meetings, Comrnittee meetings and drafting of minutes.,
Provision of guidan¢e on legal and governance issues at meètings and generally
Liaison with Agent, Aocounlants, lllvestment Manager and Trustees as to administrative matleis
Oversight of the process In relation to grant applications.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Related ¢harities
The Charity has a ejtsse relationship with Laslett's Almshou$è$ and ils professional adwsers, as well as its Trustees,
btring thè samè. Both Charities have a common benefactor and founding philosophy.
The main object of Laslett's Almshouse5 15 lo manage the almshouses situated al Union Street Wor¢esler lor its
residents.
James Panler is a Iruslee of Lasletl's (Hinlonl Charity. He is also a Iruslee of The Worcestei Heritage and Amenity
Trust Lilniled. operating a5 Tudor House Museum. During the year Laslelts (Hintonl Charity paid £50 for the hire ol
a meeting room for the October 2023 8oard and Committee meelings at Tudor House Museum.
On behalf of the Board of Trustees
Mr J V Pantar
Chairman
MrDBD#le
Trustee
30 July 2024
30 July 2024
10

LASLETT'S (HINTON) CHARITY
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees are r8sponsible for preparing the Trustees. Report and the accounts in accordance with applicable law
and United ￿ngdoM Awounling Standard5 (United Kingdom Genèrally Accepted Accounting Praclicel.
The law applicable lo charities in England and Wales requires the Trustees to prepare acoounls for each financial
year which give a true and fair view of the state ol affairs of the Charity and ol the incoming resources and
application ol iesources of the Charity for that year.
In preparing these accounts, th& Trust8es arè required lo..
select suitable accounting policies and then apply them consistently,
observe th8 methods and principle5 in the Charities SORP.,
makè judgements and estimates that are reasonable and prudent..
51ale whether applicable accounting standafds have been followed, subject lo any material departures
disclosed and explained in the accounts". and
prepare the accounts on the going concern basis unless it is inappropri8le lo presume that the charity will
continue in operation.
The Trustees arè responsible for keeping sufficient accounting records that disclose with reasonable accuracy at
any time the financial position ol the Charity and enable them to ensure that the accounts Comply with the Charities
Aet 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Ilust deed. They are also
responsible for safeguarding the assets ol the charity and hence for taking reasonable Steps for the prevention and
detection of fraud and other irregularities.
11

LASLETT'S (HINTON) CHARITY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF LASLETT'S (HINTON) CHARITY
Opinion
We have audited the financial statements of Laslelt's (Hinton) Charity (the 'Charity'l for the year ended 31
December 2023 which compiise the statement of financial activities. the balance sheet, the statetnenl of cash flows
and notes to the financial statements, including significant acwunting policies. The financial reporting framework
that has been applied In Iheii pieparation is applicable law and United Kingdom Accounting Standards. including
Financial Reporting Standard 102 The Financial Reporting Slandartl applicable in thè UK *nd Republic of Ireland
(United Kingdom Generally Aocepted Accounting Practice).
In our opinion. the financial statements..
give a true and laii view of the stale of the charity's affairs as at 31 Decèmber 2023 and of it5 incoming
re50urce5 arid application ol resources, for the yeai then ended.,
have been properly prepared in accordance with United Kingdorn Generally Accepted A¢¢ounling practi￿,.
and
have been prepa￿d in accordancè with the requirernents of the Charities Act 2011.
Basls for opinion
We conducted our audit in accordance with International Standards on Audilir)g (UN IISAS IUKII and applicablé
law. Our responsibilities under Ih05e stand8rd5 are further described in the Auditofs ￿SpOnsIbl11118s lor the a£Jdit ol
the financial slatements section of our report. We are independent ol the Charity in accordance with the ethical
requirements that are relevant lo our audit of the finanaal slalements in the UK, including the FRC'S Ethical
Standard. and we have fulfilled our other ethical responsibilities In accordance with these iequiiements. We believe
that the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis foi our opinion.
Conclusions relating to going conc•rn
In auditing the financial slalerrenls, we have concluded that the Trustees, use of the going concern basis ol
a¢oounling in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to evenls or
conditions that. individually or collectively, may cast significant doubt on the Charity'5 ability lo continue as a going
concern for a period of al least ￿e1ve months from when the financial slalemen15 are authorised for issue.
Our responsibilities and the rèsponsibilities of the Trustees with respect lo going concern are de￿libed in the
relevant sectitrns ol this report.
Other inforrnation
The other information comprises the inforrration included in the annual report other than the finatKial statements
and our auditorfs report Iheieon. The Trustees are responsible lor the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and WÈ do not express any form
of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider
whether the c)ther information is materially inconsistent with the financial slalement5 or our knowledge obtaifjed in
the course of the audit. or olherwise appears to be tllateiially fflisslated. If we identify such material inconsistencies
or apparent material misstatements, we are required lo determine whether this gives rise to a material misslalement
in the financial statements themselves. If, based on the work we have perforrlled, we condude that there is a
material misstalemenl of this other information. we are required to report that fact.
We have nothing lo r&port in this iegard.
Matters on which we are required to report by èxeèption
We have nothing lo report in respect of the following mattèrs in relation lo which the Charities (Accounts and
Reports) Regulations 2008 require us to report lo you if, in our opinion..
the information givèn In the financial slalemenls is inconsistent in any material respect with the Trustees,
report". or
sufficient accounting records have not been kept.. or
the financial statements are not in agreemènt with the accounting records., or
we have not received all the information and explanation5 we require for our audit.
12-

LASLETT'S (HINTON) CHARITY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF LASLETT'S IHINTONI CHARITY
Rasponsibilities of Trustees
As explained more lully in the slalement of Trustees. responsibilities, the Trustees are rèsponsible for the
preparation of the financlal slalements and for being satisfied that thèy give a true and fair view. and for such
internal control as the Trustees determine is necessary to enable the preparation of financial statements that are
free from material misslatemenl. whether due to fraud or error. In preparing the financial statements. the Trustees
are responsible ftsr 355e551ng the Charity's ability to continue as a going concern. disclosing. as applicable, mallers
related lo going eoncern and using the going concem basis of accounting uriless the Trusle&s either intend to Cease
opèrations, or have no realistic alternative but to do so.
Auditorf5 responsibilities for th• audit of the financial statements
We have been appointed as auditor under section 144 of thè Gharilies Ac12011 and report in accordance with ihe
A¢1 and iÈlevanl regulations made or having effect thereundei.
Our objectives are lo obtain feasonable assur8nce about whether the financial slalemenls as a whole are free from
material rnisslatement, whether due lo fraud or error, and to issue an auditor's report that ineludes our opinion.
Reasonable assurance 15 a h￿gh level of assurance but is not a guarantee that an audit conduded in accordance
with ISAS IUKI will always dele¢l a rnaterial misslalemenl when il exis15. Misstatements ean arise from fiaud or
error and are considered rnalerial il. individually or in the aggregate. they Could reasonably be expected lo influence
tho eeonomie deeision5 of users taken on the basis of these financial Statements.
The extent lo which our procedures are capable of delecling irregularities, induding fraud, is detailed below.
Extent to whlch thè audit w?s conSide￿d capable of detsctin9 irregularities, includlny fraud
an understanding ol the risk ass6ssmenl process (including the assessment of the risk of fraud) adopted by th
Trustee Board is obtained and their allilude lo risk ascertained
an assessment of the suseeplibility to rnalerial mis-statement of the financial slalemenls as a resutt of
management over-ride or ffaud Is made
it is ensured Ihat the engagement learll have. collectively, the appropriate competence. capabilitie$ and skills lo be
involved in the assignment, are fLJlly briefed and understand the risks specific to the charity
Audit re$pon$es to risks identified
processes to test the oulcorres ol our assessment includ¢, a ieview of Trustee Board mfnules. analytical ieview.
the relevance and a￿U[a¢Y of significant accounting estimates. Substantive testing of significant transaction5. work
lo identify unu5U81 or unexpected accounting entrie5 Including the lesling of joumal entiies. information di5c105ed in
the financi315talemenls is traced lo supporting docurnenlalion. In all instances it is acknowledged that material mis-
statements that arise from fraud may Involve deliberate concealment or collusion and are. therefore, by their v•ry
nature harder lo detect than those arising fiom error.
an understanding of the legal and regulatory frarnework as applicable to the charity is obtained together with
knowledge of the prO￿dureS put in place by the charity in order to comply with the same
il is established if there have been any Instances of non-compliance with applicable laws and regulations. whefe
there are such breaches. a full understanding, including gathering of relevant documentation appertaining lo the
event is obtained and asse55ed
11 should be noted that Auditing Standards limit the audit procedures required lo identify non-compliance with laws
and regulations lo enquiry ol the trustees and other m8nagement and the inspoelion of regulatory and legal
orre5pondence. rf any.
A further description ol our responsibilities is available on the Financial Reporting CouncAI's website at.. https'./l
www.frc.org.ukjauditorsresponsibilities. This description forms part of our audil0rf5 report.
13-

LASLETT'S (HINTON) CHARITY
INDEPENDENT AUDITOR'S REPORT {CONTINUEDI
TO THE TRUSTEES OF LASLETT'S (HINTON) CHARITY
Other matters
Your attention is diawn lo the fact that the charity has prepared financial statèments in accordance with 'Accounting
and Reporting by Chaiities.. Slalement of Recommended Practice applicable lo charities preparing their accoun15 in
accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" las
amended) in preference to the Accounting and Reporting by Charities. Statement of Recommended Practice issued
on 1 April 2005 which 15 referred to in the extant regulations but has now been withdrawn.
This has been done in order lor the financial statements to provide a true and fair view in aceordan¢e with current
Generally Accepted Accounting Practice.
Use of our report
This report is made solely to the company's mémbers, as a body. in accordanTr with sèction 391 of the Cornpanies
Act 2014. Our audit work has been underiaken so that we Tnighl State lo the company's members those matters we
are required to state to them in an auditorfs Teport and for no other purpose. To IhE lulle51 extent permilled by law.
we do not accept or assutlle ie5ponsibilily lo anyone other than the company and the company's mernbers as a
body, lor our audit work. lor this report. or for the opinions we have formed.
Sarah Morlèy BA IHgnsl ACA (Senior Statutory Auditorl
for and on behalf of Kendall Wadlèy LLP
30 July 2024
Chartèr•d Accountants
Statutory Auditor
Merevale House
27 Sansome Walk
Worcesltrr
WR1 1NU
Kendall Wadley LLP 15 eligible for appointment as auditor of the Charity by virtue of ils eligibility for appointlnenl as
auditor of a company under section 1212 of the Cornpanies Act 2006.
14-

LASLETT'S (HINTON) CHARITY
STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Current financial year
Unr•stri¢ted Unrestricted Endowm•nt
funds
funds
funds
general desSgnat•d
2023
2023
Totsl
Total
2023
2023
2022
Notes
Charitable aclivilies
Investments
Other incomo
462,122
110.1
462,122
110.196
9,604
444.220
44.020
10,000
9,604
Totsl income and endowments
572.318
9,604
581.922
498.240
Raising funds
1.815
1.815
1.165
Gharilable activities
407.699
407.699
339.188
Total expondlturg
409,514
409,514
340,353
Nel ineoming rèsour¢es btsfore
investment movernenls
162,804
9,604
172,408
157.887
Nel gainslllossesl on invesiments
13
36.966
91,034
128.000
1149.0991
Net incoming resources beforo
transfers
199,770
100.638
300,408
8,788
Gross transfers bètwèén ft5nds
14
1103,4581
103.458
Net incoming resources
96.312
103,458
100,638
300.408
8.788
Other recognls•d galns and lo$$e¥
Revaluation of tangible fixed
assets
890.000
890,000
752,380
N•t movement in funds
96,312
103,458
99Q.838
1,190.408
761,148
Fund balances at 1 January 2023
517.357
629,557 20,403,865 21.550.779
20,789.631
Fund balancés at 31 Dèe¢mber 2023
613,669
733.015 21,394,503 22,741,187
21.550.779
Th8 slatÈmenl of financial activitie5 includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
15

LASLETT'S (HINTON) CHARITY
STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Prior financial year
Unrestrictod Unrnstrlct•d Endowment
funds
funds
funds
general destgnated
2022
2022
Totsl
2022
2022
Notes
Charitable activitiès
Investments
Other income
444,220
44,020
444.220
44,f)20
10,000
10,000
Total Incom8 and •ndowmgnts
488,240
10.000
498,240
Raising funds
1.165
1.185
Charitable activitses
339,188
339,188
Total expenditure
340,353
340.353
Net incoming resources before invèstmgnl movements
147,887
10,000
157,887
Net gainsl{lossesl on inveslmenls
13
183.1741
165,9251 1149.0991
Net incoming resource¥ before transfers
64,713
155.9251
8.788
Gros5 transfers between fvnds
14
{38,9941
38,994
Net incoming resources
25,719
38.994
155,9251
8,788
Other recognised gains and losses
Revaluation ol tangible fixed assets
752.360
752,360
Net movernent in funds
25,719
38,994
696,435
761.148
Fund balances at 1 January 2022
491.638
590.563 19.707,430 20,789.631
Fund balanc•s at 31 D•eèmb•r 2022
517,357
629,S57 20,403.865 21.550,779
16-

LASLETT'S (HINTON) CHARITY
BALANCE SHEET
AS A T 31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
Investments
1S
16
19,290.382
1.953,150
18,390.668
1,825,149
21,243,532
20.215,817
Current assets
Debtors
Investments
Cash al bank and in hand
17
18
88.940
426.507
1,346, 172
59.701
458,040
1.117,299
1.861.619
1,635,04
CTeditor¥'. amounts falling due withln
one year
19
1327.9641
1272.8281
Nel current assets
1,533.655
1,362,212
Totsl as$gts less current liabilities
22,777,187
21,578,029
Creditors.. amounts falllng du8 after
more than ono yèar
20
136,0001
(27,2501
Net assets
22,741.187
21,550,779
Capital funds
Endowment funds
Income funds
Unr
stricted fun
Designated funds
General unrestricted funds
22
21.394,503
20.403,865
23
733,015
613,669
629,557
517,357
1,346,684
1.146.914
22,741,187
21,550,779
The financial statements were approved by the Trustees on 30 July 2024
Mr J V Panler
Chairnian
DBDale
Trustee
17-

LASLETT'S (HINTON) CHARITY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operating activities
Cash generated from operations
26
87.255
36.242
Investing activltlès
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Purchase of investments
Proceeds from disposal ol investments
Investment incorne received
110.1101
13,2331
10.000
10,000
11,458,040)
458.040
110.197
44,020
Nèt cash gènèrat•d fromllus•d Inl
investlfig activities
568,127
11,407,253)
Net cash used in financing activitie5
Net increaselldecreasel In cash and eash
equlvalents
655,382
11,371,011}
Cash and eash equivalents al beginning of year
1,117,299
2.488.310
Cash and cash equivalents at end of year
1.772.681
1.117.299
18

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting pollcles
Charity Snformatlon
Laslelt's (Hinlonl Chèrity was established by William Laslett, a Woreesler major. civic dignitary and
philanlropist. 11 is governed by ils Trust Deed and Conveyance dated 17 January 1879. Its registered address
is Kateryn Heywood House, Berkeley Court, The Foregate, Worcester, WR1 3QG.
1.1 Accounting convention
The accounts have beèn prepared in accordan￿ with the Charity's Trust Deed, the Charities Aet 2011 and
°Accounling and Reporting by Charities.. Statement ol Recommended Practice applicable to charities
preparing their acwijnls in accordance with the Financial Reporting Sl8ndard applicable in the UK and
Republie of Ireland IFRS 1021. las amended lor accounting period5 corrmencing from 1 January 20191. The
Charity is a Public Benefit Enlily as defined by FRS 102.
The financAal statements have departed Iiom the Charities (Accounts and Reptsrts) Regulations 2008 only to
the extent required to provide a true 8nd fair view. This departure has involved following the Statement of
Recommended Practice lor charities applying FRS 102 rather than the version ol the Statement of
Recommended Practice whith is referred to in the Regulations but which has since been withdrawn.
The financial 51alemenls are prepared in sterling, which 15 the functional curren￿ of the Charity. Monetary
afflounls in these financial statements are rounded lo the nearest £.
The accounts have been prepared Ljndei the historical cost convention, modified lo include the revaualion of
freehold properties and cèrtain financial instruments al fair value. The prineipal accounting policies adopted
are set out below.
1,2 Going ¢on¢ern
Al the time ol approving the fsnancial statements, the Trustees have a rèasonable expectation that the Charity
has adeqLJale resources to continue in operational existence for the foreseeable future. Thus the TrLL8lees
continue to adopt the goirig con￿rn basis of accounting in prèparing the financial statements.
1.3 Charitable fund¥
Unrestricted funds arè available foi use al the discretion of the Trustees in furtherance of their charitable
objectives.
Designated funds are to be Tnainlained, if possible. al a level adequate to cover major future liabilities where
bolh the timing and quanluTn cannot be accurately ascertained.
Endowment funds represent Ih05e assets which musl be held permanently by the Charity. principally property
and investments.
1A Income
Income Irom investrnents and property is iecognised when the Charity is legally enlilled to it after any
performance conditions have bèèn mel, the amounts can be measured reliably. and il is probable that income
will be received.
19-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Ae¢ounting policies
Icontlnuèdl
1.5 Expenditure
Expenditure is reeognised onc6 th6ie 15 a legal 01 conslru¢live obligation to transfer economie benefit lo a
third party. it is probable that a transfer of economic benefits will be required in settlement. and the amount of
the obligation ¢an be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the lolal of dIr￿t costs and
shared costs. Including support costs involved in undertaking each activity. Dired ¢0sts attributable lo a single
activity are allocated directly lo that activity. Shared costs which contribute to More than one activity and
support costs which are not attributable to a single activily are apportioned belween those activities on a basis
consistent with the use ol resources. Central staff costs are allocated on the basis of time spent. and
depreciation charges are allocated on the portion of the asset's uso.
Re50vice5 expended are included in the Statement of Financial Activities on an accruals basis, inclusive of
any VAT which cannot be recovered.
Govemance costs are the costs associated with the running of the charity and are wholly attributable lo the
charitable activities undertaken.
1.6 Tangible fixed assets
Properties whose fair value can be rnea5ured reliably are held under the revaluation model and are carried al
a revalued arnounl. being their fair value at the date of valuation le55 ally subsequent accumulatéd
depieciation and subsequent accumulated impairment losses. The lair value of the land and buildings is
usually considered lo be their market value.
Revaluation gains and losses are recognised in other recognised gains and losses and accumulated in equity.
exTrpl to the extent that a revaluation gain reverses a revaluation 1055 previously recognised in net incomel
lexpendilurel or a ￿Valuation loss exceeds the aceumulaled revaluation gains recognised in equrty.. such
gains and loss are recognis6d in n6t incomellexpend*lurel foi the yeai.
The Statement of Recommended Practice IFRS 1021 requires th81 a provision be made for depreciation of
tangible fixed assets having a finite use ol life. However, the Trustees are of the opinion that the residual value
al the end ol the estimated useful life ol the pioperty is not likely materially to differ from its cost, or re-valued
amount (reviewed allnu3llyl. Therefore. any elernenl of depreciation is considered lo bè immaterial and no
prov15itsn is made. movements in valuation are taken lo the Statement of Financial Activities as deleimined.
The gain or loss arising on the disposal of an asset is determined as the difference between the salo prO￿edS
and the carrying value of the asset. and is recognised In the statement of financial activities.
1.7 Fixed asset invèstments
Fixed asset investrnenls are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in nel
incomellexpenditurel for the year. Transaetion eosts are expensed as incurred.
1.8 Impaimient of flxed assets
At each reporting end dale. the Charity reviews the carrying amounts of its tangible 8s5els lo determine
whether there is any indication that those assets have suffered an impaiimenl 1055. If any such indication
exists. the recoverable amount of the asset is estimated in order to determine the extent of the impaiitnenl
loss lif any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-lerm liquid
investments with original maturitie5 of three rnonth5 or less.
.20-

LASLETT'S {HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policlos
Icontlnuedl
1.10 Flnancial instruments
The Charity has elected lo apply the provisions of Section 11 'Basic Financial Instrumènts. and Section 12
'Other Financial Instruments Issuès. ol FRS 102 to all of its financial instruments.
Financial instruments are fecognised in the Charity's balance sheèt when the Charity becomes party lo the
eonlractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial statements, when
theie is a legally enforceable right to set off the recognised arlloun15 and there is an intention lo settlè on a net
basis or lo realise the asset and settle the liability sirnullaneously.
Basie financlal assèts
Basic financial assets, which indude debtor5 and cash and bank balances, are initially rneasured at
transaction price induding transaction cos15 and are Subsequently carried at amortised. Financial assets
cjassified as receivable within one year are not amortised.
Basle finanelal Ilabllities
Basic finanaal liabilities, induding creditors are inilially recognised at transa¢tion price. Financial liabilities
classified as payable within one year ale not amortised.
Trade ciedilors are obligali0TlS lo pay lor goods or services that have been acquired in the ordinary course ol
operations from supplieis. Arllounts payable are classified as ¢uirent I￿abIlitIeS if payment is due within one
yeai or les5. If not. they are presented as non-eLJrrelll liabilitie5. Trade creditors are recognised initially at
transaction price and subsequently measured al atnortised c051 using the effective interest method.
Derecognition of financial liabilltlès
Financial liabilities are derecognised wh6n the Charity's contractual obligations expire or are discharged or
cancelled.
Crltlcal aetountlng èstimate¥ and judgements
In the application of the Charity's accounting policies. the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of a55els and liabilities that are not readily apparent
from other sources. The estimates and associated assumptiolls are based on historical experienee and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are Tewewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the ievision affects only that
period, or in the period ol the revision and future periods where the revision affects both current and future
periods.
21

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charitable activit1•$
Unr•$trieted Unrestrietsd
fund5
funds
general
general
2023
2022
Charitable rental income
Wayleave
460.683
1.439
442.781
1.439
462.122
444,220
Invèstmènts
Unrestricted Unrestri¢ted
funds
funds
general
general
2023
2022
Income from listed investmènts
Interest ieceivable
s5.￿6
54,230
34,871
9,149
110.196
44.020
Other income
Endowmet)t Endowment
lunds
funds
2023
2022
Net gain on disposal of tangible fixed assets
9,604
10,000
Raising fund$
Unr•stricted Unrestrictèd
funds
funds
general
general
2023
2022
Investment management
1,815
1,165
1,815
1.165
-22-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charitsble activities
Grants
Property
payable Expenditurè
Total
2023
Totsl
2022
Refurbishment costs
Mill House
8,144
8,144
Other costs
Insurance
Repairs and renovations
Agent's management fees
R31es
Professional fees
19,305
61,987
19,305
61,987
16.906
49,903
2.798
7.327
7.361
7.361
Grants lo other charities
249,878
249.878
192.442
Share of support costs (see note 11}
Share of governance costs (see note 111
59,344
1,680
59,344
1,680
68,212
1.600
249.878
157,821
407.699
339,188
Analysis by fund
Unrestricted funds general
249.878
157,821
407.699
249,878
157,821
407,699
For the year ended 31 December 2022
Unrestricted funds- general
192,442
146.746
339,188
192.442
146,746
339,188
Trn$t•
None of the Trustees lor any persons connecled with them) received any remuneration during the year nor
were any expenses re-imbursed.
During the year the Charity has again taken tsut insurance for Trustees, and Individual liability. employment
practiee5 liability and professional and legal liability In ea¢h instance to a limit of £1 million.
Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
Total
-23-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Employees
(Continued)
Included in clerks lees is remuneration recharged from L8slett's (Alrnshousel Charity of £5,18712022
£4.8351 in respect ol this appointment.
There were no employees whose annual ￿MuneratIOn was more than £60,000.
10 Grants payabl•
Grants
payable
2023
Grants
payablo
2022
Grants to inslilulions..
Rector of Hinton
Other Charitie5
1,200
248,678
1,200
191,242
249.878
192,442
11 Supportcosts
Support Governancè
costs
costs
2023
Support Governance
costs
costs
2022
Agent's management
fees
Clerk's fees
Sundry expenses
Accountancy
Accountancy- agent
47,646
5,187
2.053
968
3,490
47.648
5.187
2,053
55,544
4.835
3.050
1,412
3,371
55,544
4,835
3.050
1,412
3,371
3.490
Audit lees
1.680
1,680
1,600
1,600
59,344
1,680
61.024
68,212
1,800
69,812
Analysed between
Charitable activities
59,344
1.880
61.024
68,212
1,600
69.812
Gov&mance costs includes payment lo the auditors of £1.68012022 £1,600) lor audit fèos.
12 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxalionol Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
-24-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
13 Net galnsllloss•$l on investments
Unrestricted Endowment
funds
funds
Totsl Unrestricted Endowm•nt
funds
funds
genèral
2022
Totsl
2023
2023
2023
2022
2022
Revaluation of
inve51menls
36,966
91,034
128,000
183,1741
165,9251 1149,0991
14 Tran$fe
Transfers have been made between the unrestricted and designated funds to wver the costs of refurbishment
projects and presenvfutuie grant commitments.
15 Tanyible flxed assets
Tonantod
TBnaTried
Woodlands Dovèlopment
famis and land Cottages and and other land
resldeniial
proporty
Total
Cost or valuation
At 1 January 2023
Additions
Disptssals
Revaluation
12,729,243 4.360,000
10,110
13961
260.000
126.425 1,175,000
18,390,688
10.110
13961
890.000
630,000
Al 310ecember 2023
12,998,957 4,990.000
126,425 1,175.000
19,290.382
CarrySng amount
Al 31 December 2023
12.998,957 4.990.000
126,425
1.175.000
19,290.382
At 31 De¢embgr 2022
12,729.243 4,360,000
126.425 1,175,000
18.390,668
Land and buildings with a carrying amount of £19,290,382 wère revalued al 31 December 2023 by ARC
Chartered Sutveyors. independent valuers, on the basis of market value. The valuation confomis lo
International Valuation Standards and was based on r￿￿1 market transactions on arm'5 length terms foi
similar properties.
-25-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16 Fixed asset investments
Li$ted
Investhients
Cost or valuatlon
Al 1 January 2023
Valuation changes
1,825, 149
128,000
Al 31 December 2023
1,953.149
Carrying amount
Al 310ecernber 2023
1,953,149
Al 31 Decèmbèr 2022
1.825,149
17 Dobto
2023
2022
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
SS,118
33,824
55,378
4,323
88.940
59,701
18 Curr•nt as$•t Inv•$tments
2023
2022
Term deposits
426,507
458,040
19 Crodltors: amounts falliny du• within one y•ar
2023
2022
Not•s
Other taxation and social security
Deferred income
Othei ereditors
Accruals and deferred income
21,368
24,895
271.412
10,289
24,578
24,497
219,452
4.301
21
327.964
272,828
-26-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
20 Creditors: amounts falling duè aftèr more than one year
2023
2022
AceAJals and deferred income
36.000
27.250
21 Deferred income
2023
2022
Arising from rents paid in advanee
24,895
24,497
All the above relate to the following period and are released in full.
-27_

I

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
23 Designated fund
The income funds ol the charity include the following designated funds whi¢h hav8 been set aside out ol
unreslricled funds by the Trustees for specific purpose5'.
Balance at
f January 2022
Transfers
Balan¢9 at
1 January 2023
Tran8fors
Balanco at
31 DeceM￿r
2023
Refurbishmènt fund
Designated grants fund
210,000
380,583
86.000
147.0061
296,OOQ
333,557
296.000
437.015
103,458
590.563
38.994
829,557
103,458
733,015
The purpose of the refurbishment fund is to financè gssenlial expenditure on property owned by the Charity.
The designated grants fund is to finance grants awarded in the year which are yèt to be claimed and to also
provide for future grant awards.
-29-

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¢J) G)
nrrxj
ifjo
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0￿0
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i ,Iili I It

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
25 Related party transactions
Laslett's (Hinlonl Charity is related to Laslett's Almshouses due to the charitie5 having common Trustees.
L351Ètt's Almshouses charged remuneration for the year amounting to £5,18712022 £4,835). At the year end
there wa5 £nil12022 £nill due to Laslelt's AITnshouses.
26 Cash generated from operatlons
2023
2022
Surplus for the year
300,408
8,788
Adjustments for..
Investment income recognised in slatemÈnl of finanoial activities
Gain on disposal of tangible fixed assets
Fair value gains and lossès on investments
1110.1961
19.6041
1128.0001
(44.0201
(10,0001
149,099
Movements in working capital..
Ilncreasel in debtor5
Incieaselldecreasel in credittsrs
Increase In deferred income
129,2391
63,488
398
14.8501
163,4561
681
Cash generatèd from operations
87.255
36.242
27 Analysi$ of changes in net funds
The Charity had no debt during the year.
31