Charity rèyistration number 233696 (England and Wales)
LASLETT'S (HINTON) CHARITY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

LASLETT'S (HINTON) CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr C R Anstey
Mr G W Ballard
Mrs L C Baxter
Mr T J Bridges
MrDBDale
Mr P W Hughes
Mrs A T King
Mrs G T Newman
Mr J V Panler
Mrs LA Preè¢g
Mrs N J Rogers
Chairman
Mr J V Panler
Flnance &
Investment Commlttee
Mr C R Anstay
Mr G W 8allard
Mrs L C Baxter
MrDBDale
MT P WHughes
Mr J V Panter
Mrs LA Preece
Grants Committee
Mrc RAnstey
Mrs L C Baxter
Mr T J Bridges
Mrs A T King
Mrs G T Newman
Mrs L A Preece
Mrs N J Rogers
Property & Agrl¢ultural
Commiit•e
Mr C R Anstey
MrDBDale
Mr P W Hughes
Mr J V Panter
Mrs N J Rogers
Eath Committee meetsng 15 allended by the Clerk andlor the Agent a5 appropriate.

LASLETT'S (HINTON) CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Clerk to the Truytee$
Mrs P Inman
Kateryn Heywood House
Berkeley Court
The Foregale
Wor¢esler
WR13QG
Agent to the Tntstees
Mr A L Robinson MRICS
ARC Surveyors Limited
The Cedar Office
5 Tha¢kholmg
wor￿Ster
WR4 ORZ
Charity Numbèr
233696
Registerèd Office
Kaleryn Heywo¢xl House
Berkeley Court
The Foregate
Worcester
WR1 3QG
Auditor
Kendall Wadley LLP
Merevale House
27 Sansoma Walk
Worcester
WR1 1NU
Bankers
Lloyds Bank PIC
4 The Cross
Worce51er
WR1 3PL
Investment Advisors
Quilter Cheviol Investment Management
Senator House
85 Queen v￿torIa Street
London
EC4V 4AB
By a Resolution passed at a duly constituted meeting of the Trustees of Laslett's {Hinlonl Charity on the 30th
day of October 1962 there was conferred upon any three or more of the Trustees the power to execute Deeds
or inslrurnenls in the names of th8 Trustees in a￿ordan￿ with the provisions of Section 34 of the Charities
Act 1960.

LASLETT'S (HINTON) CHARITY
CONTENTS
Page
Trustees, report
Slalemenl of Trustees, responsibilitiès
11
Independent auditor's report
12-14
Slalement of financtal activities
15-16
Balance sheet
17
Statement of cash flows
18
Notes lo the finanaal slalemenls
19-29

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report and acrounls for the year ended 31 December 2024.
The accounts have been prepared in accordance with the a¢counling poliaes set out in note 1 and comply with the
Charity's Trust Deed. the Charities Act 2011 and "Accounting and Reporting by Charities." Staletllent of
Recommended practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 la5 arnended for accounting periods commencing
from 1 January 20191
Reference and administrative details
Reference and administrative details are provided on the pages pre￿dIng this report. Detsils of tha Tiuslees
sèrving during the year are given below in the structure, govèinance and management section.
Objective$ and aetlvitl•$
Objethes
The charitablè purposes of the Charity are set out in the 1879 TNSI Deed and the Trustee5 considw that the
following (quoting from the deed) are the most r¢levanl:_
assisting in the repair. re31oralion. rebuilding or refrtting of any Churches and Chapels connected wtth thg
Established Church of England..
assisting poor, aged or infirm persons in such a manner as the Trustees may think fil,.
providing and mainiaining Almshouses OT other homes foi aged poor men or women effher in conjunction with
tsr separate from and in addition to the Almshouses in the City of Worcester already e51abli5hed and endowed
by the said William Laslett
The Charity carrie5 Out these objedive5 primarly by..
providing grants lo churche5 notably in relation to the repwr and upkeep of the fabric but also to their overall
improvement by the creation of additional fa¢ililies',
providing grants to charitable organisalion5 which have as thèir key priority the health and welfarè ol persons in
need", and".
acting in conjunction with and providing financial aswslance If and when required to the La8lett's Almshouse
Charity.
Public benefit
The Truslees have paid due regard to guidancè issuèd by the Charity Cornrni55ion in deciding what activities the
Charity should undertake.
The benefit derived from grants awarded is evident from..
a. the improvement of church structures enabling them to continue lo provide 8 place of worship for the local
communily and in lurn for the church as a body lo provide support to local groups largely of a volurteer kind. Somè
49 churches were offered granl provision during the coursè of 2024 which was a signrfiGant incr&ase on the
previous year's figure of 32. The payment is then dependent on the work proceeding and is available to be claim8d
for a period of Iwo years as from the date of the award. Thi5 may be exlended with discretion
b. the ability of a variety of charitable organisalions to maintain their presence and viability and provlde help and
support whether of a financial, social, medical or advisory kind lo members of the public who rely on suth acts of
generosity. Sorne 27 organisations lincluding the 18 refeTred lo elsewhère in this report with longer lerrn funding}
were the beneficlaries of such grants during the course of 2024-
c. the knowledgè that thè rèsidents of the Almshouses can be assured of continued housing Provision in a pleasant
and safe environment.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Activities
The main a¢livilies for the charity r81ate first to the management of the farms and residential propertie5 and the
liai50n with their respective tenants and then secondly lo the dislribuliorh of any surplus derived from those rents in
the fomi of grant funding. These land and propety holdings are located piimarily in and around the village of Hinton
on the Green near Evesham though during th& course of the last couple of yeaTS thè decision has been taken as
part of the property portfolio review lo awuire rèsidential properties on the southern and south-eastern outskirts of
Worcester due to the buoyant housing matkel there. These assets along with a portfolio of investments a
managed with a view to securing a consistent revenue stream which can be ulilised towards the provision of grants.
The management of the residential properties includes their improvement and renewal and having plans in place ft>r
repair and maintenance works lo be carried out. Wlh the financial surplus generated from the property renla15. the
provisitsn and administiation of grants is an important re5ulling Hctimty.
Achievements and performance
(al Income IRenlsl
During the course of Ihe year the level of income from faming and residential lenan15 rernained good with rents
being paid broadly on time. This has been commendablè given the ever present economic uncertainties Sn the
farming industry and the budget pressures for residential lenan15. The level of long term rent ariear5 has iemained
al £0. This allowed the charity to consolidate its balance Sheet and to contemplate with greater certainty how future
3urpluse5 could be Channelled towards its charitable objectives narnely grant provision.
In addth'on to ensuring a satisfactory rental income stream from farm lenanls, the Agent worked wllh thom lo
maintain and enhance their faming practices particularty in relation to Greville Hall Farm. Primarily as a result of
the occupational tenant's astute business management and exemplary herd management, their business ¢onlinues
lo flourish allowing cow numbers to increase. As a consequence of se¢uring an improved rnilk contract and with an
increasing priority bein9 rightfully givèn to animal welfare, the Chaiity sUPPOrted the tenant with their proposal lo
erect a further cubicle building lo provsde more space per cow and also access to external gazing and exercise
paddocks. In addition lo pioviding addilh)nal accommodation for the existing hÈid. the new building facililaled the
number of cows being milked lo be increased to 600 head.
During the year Ihe Charity continued lo progress ils application for new build dwellings 81 Downrip Farm in place of
Ihe Class Q approval for conversion of a steel farmed building that had been secured prevlously. It look the majority
of 2024 for the Local Planning Authority to agree a final deslgn in terms of external appearance and unil numbèrs.
Following rather protracted negotiation a courtyard arfangernent of 4 new dwellings was agreed. Al the end of the
year solicitors were instructed to agree the terms of a Section 106 Agreèment that was to be a condrtion of planning
permission being granted. The Section 106 Agreement will require the ultimate developer lo make a contribution of
£51,188 toward5 off-site affoidable housing provision. 11 is anlicipaled that the final Planning Permission will be
granted early in 2025.
At another location known as Manor Fami, the Charity submitted an application to replace an extant Class Q
approval with a new build scheme of 5 units providing a courtyard style scheme. This proposal ensuied each unit
would bè provided with allocated parking spaces and a private garden. The key design principles followed those
that were agreed with the Local Authority following the extensive engagement in respect of the Downiip Farm
scheme. At the end tsf 2024 3 decision was awaited.
Towards the end of 2024 and followlng a competitive tender process. the Charfty accepted a quolalion for extensive
external works lo one of ils main faimhouses known as Ballard's Farmhouse. This property has suffered from
meaningful structural movement over the years. The Charity is obliged lo complete the nècessary repairs under the
larms of the lease by which the farm is occupied. The Trustees lake their obligations seriously and as a result the
bri8f provided to the instructed structural engineer and architect was to cornplele a schedule of worf(s that would
Secu￿ the external fabric of the property for a period of 50 yèars save for limited routine maintenance.
The Charity continues lo look to implement the long-lemi disposal strategy agreed some years ago involving further
propertie5 that were considered unsuitable for producing a long-lerm and sustainable ne( income stream. However,
no further disP05als were made in 2024 and neither were there any acqui511ions of land or buildings within its estate.

LASLETT'S (HINTON) CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
{b} Grants
A reading of the original trust deed and Snlerpreling that into the modem era suggests that grant awards can be
made in two specific areas.
First. by giving support to the work of the Church of England mainly within the historic Worcester Dio¢esa Ibul also
lo the five adjoining dioceses of Hereford, Gloucester and Lichfield 35 well as Birmingham and Coventyl by
conlribuling towards the Cost of church fabric repairs and irnprovemenls to lacililies for the congTegalion.
Secondly, to support a whole varièty of organisations who themselves can demonstrate charitable objectives in the
provision of financial. social. educ81ion81, health and welfare assistance lo those rllembers of the cornmunity who
are unable economically or physically lo do so themselv&s. Grants are nol made lo individuals direcl.
In 2024 grant support was provided to some 49 churches and 27 charities. Of those charilies 18 receive lon9 tèrm
support as detailed below and nine were given grants in re5ponso lo on8-olf applications.
Initially in 2024 the Grants Committee worked to a budget of £250,000 for awarding grants. That figure was split as
between:
a sum of £93,750 allocated lo ¢hurch8s within the six defined dioceses and
the balance of £156,250 for charitable organisations fulfilling the terms of the gr8nts policy.
However, during the course of the year il was noted that the number of grant applications from churches for
worthwhile projects which could be supported was showing a considerable uplift. Consequently the Board agreed lo
increase the Iwdget available by £20,000 to a total of £113,750. Thi5 sum was utilised in full.
In terms of grants lo the charities, as In previous years after hawng accounted for the long term grant awards and
the one-off applications. there was surplus within the budget In 2024 this amoLJnted to £13,250. This was then
allocated equally as a bonus paymenf lo each of the 18 long tem supported charities. As a resuli the budget of
£156,250 became fully utilised.
A Combination of grants awarded which were paid out thls year plus gTants awarded bul payable in lulure years
amounted to £295,424. Adding ihe separate grant awarded to the In¢umbant of the Parish ol Hinton on the Green of
£600, leads lo the figure shown in the accounls of £296,024.
{il Grants to Churches
Grants to churches are paid out upon T￿lpt of invoices relating to the work spècified in the application and
¢ompleted. .A period of two years plus a discretionary provision for extension 15 allowsd for such works to be
completed for example if the church has enGountered delays in completing the fundraising. or delay in obtaining
requisite consents or difficulb'es with appointment of contractors.
If the claim is unlikely to be made within a fijrther period of one year, applicants may be advised Its ￿-applY and with
the original grant offer being rescinded.
A grant may be rescinded if the work has been completed wilhout recourse lo the grant
{iil Grants to Charities
Grants to charities are paid out shortly after the fomi81 offèr has been rnade.
In administering the grants to charities, the tru51ee5 rely on the grant policy they adopted in January 2018 and
subject lo minor revision in October 2020 and again in October 2023. This sets out the criteria lo Gonsidered
when making a decision as to whether or not lo award a grant and if so in what sum. In exercising their dls¢relion
under the policy the trustees are aided in this process by a scoresheet which they may utilise lo hdp them lo reline
an initial judgement. A further review is ¢urrent5y ongoing and due for adoption in aarty 2025.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Although historically grants weie made in ￿sponSe to one-off applications from ¢haritable organisations, the
Trustees have felt that two such organisalions based in Worcester bul also operating within the county should be
grant aided over a longer period ol tsme and lo an enh8nced degree compared with other5.
One such organisation that was based in Worcester but whith opèiated throughout Worcestershire and further
afield wa5 Youth Support Services (YSSI. This group was well established and had a particular focus on providing
support for the rehabilitslion of offenders following completion of Iheii custodial sentence. Laslett's has supported
YSS with grar)ts sincè June 2015., ils prèsènt stream ol funding was renewed in 2024.
A further organisalion that the Trustees fell should be given longer lerm support was the Worcèstèr Citizèn's Advice
Bureau. This organisalion has been well established in Worcester. Laslett's has supported the GAB with gran15 10
fijnd an Advice and Housing Support Worker Sin￿ April 2017,. Ihg present stream of funding was renewed in 2021
for a furthèr p&riod of three years.
During 2020 given the success appertaining lo the YSS and CAB grants noted above, the trustees extended the
concept of providing certain other charities wllh longer term funding up lo a maximum of 3 years. Charities whl¢h
have re￿iVed grant funding from LasletV5 in al least two of the previous three years 318 invited to subrnil
applications for such funding with supporting documentation and to attend forrnal interview$. A further 16 charitie5
have been successful lincluding one addition in 20241 with 5u¢h applications and which ha5 then provided them
wrth thè ban6fit of having the Trrtainly of funding for that longer period and avoided the nece5511y of subrnittin9 new
applications each year. This provided sorne reduction in the adminislralive process tor both the charities concemed
and Laslell's. The lolal awarded fr>r the ￿lendar year 2024 under thi5 heading amounted to £119,000.
Financial review
During 2024 the income for the Charity was £644,707 and the expenditu￿ Iln¢luding grants) was £457.698.
With gain5 in the walue of investments of £115.456 and an upward revaluation of properties of £1,260,343. the
overall value of the charity increased by £1,562,808 from ￿2,741,187 10 £24,303.995.
Following their appointment Quilter Cheiriot drafted a fresh 51alemenl of investsnent policy which was approved by
the Trustees. Although It was revi￿ed in 2024. no changes wer& made lo It. The key features ofthis are..
a. Investment objective - Longer-lemi assets (reserves and endowment) will be invested with the aim of at
leasl maintaining the value or purchasing power in real terms [i.e. against inflation).
b. Total relum largel- The ltslal relum tsrget ftsr the investment porttolios has beon sel at inflation ICPI} plus
3.5D% p.a. net of fees.
c. Income Tequirement- Incorne target has been sel 81 a minimum of 3QA per annum.
d. Time HorrLon - The time horizon for the inveslrnent portfolio is ¢OnSKJe￿d to be long lerm11.e. mole than five
years}.

LASLETT'S (HINTON) CHARITY
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
ReSe￿•S polley
The total reserves of the charity are as shown on the Statement of Financial Aclivilie$. They comprise prinapal
héadings..
a. the capital fvnd. which represents pemanenl endowed assels and is hence restricted in the nature of ils
application,. and.,
b. the income funds, which are less restricted in IheiT application an¢Y contain two component parts-
the designated fttnd to be utilised for (al refurbishment of properties and Ibl grants
the general fijnd whlch the Iwstees can ulilise within their overall discretion.
The endowed fund is repieser)ted mainly by the value of freehold land and buildings together with some finan¢ial
investment5 and any cash arising on property disposals hald on a tamporary basis that will be ulilised lo acquire
further properties.
The position is summarised within figures taken from the balance sheet as follows..
Description
2023
GainllLoss}
2024
Ca ital
Restricted
End()wed Fund
Fund
£21.394,503
£1,343,453
£22.737,956
Designated (Refurbishmentl FLtnd
Designated {Grantsl Fund
£436,000
£297,015
£0
1£2.5231
£436.QOO
£294.492
General (Unrestricted) Fund
£613,669
£221.878
£835.547
Totsl
£22,741.187
£1,662,808
£24.303,995
The Designated Fund comprises tsvo elements- one for refurbishment of properties and one for future payment of
grants.
Refurblshmenl. The Trustees took the decision some while ago that given the nature, agè and use ol the various
properties in their ownership it was prudent to have a healthy fund available for any necessary refurbishments
particularly in respect of works which are beyond the usual liability of their agricuttural and residential lenanl8. This
stands al £296,000. It is likely that part of this fund will be used during 2025.
Grants. Although discretionary in 115 nature. the provlsion of grant funding lo charities and churches is one that the
Trustees wish to maintain on a regular basis and enhance if possible. Consequently they have determined that it is
impcirtant that there should also be set aside in advance an 8mount èquival&nt to the anticipated budget for grant
provision for the ensuing year. That figure for 2024 is £250,000. Allowing as W911 for grants awarded but not yel paid
(largèly applicatitsns from churches for repair and upgrade project5 where funding needs to be assembled firstl the
fvnd now stands al £434.492.
The General Fund increased in 2024 by £221,878 and now stands at £835,547. The Trustees have aimed lo retain
a level of unreslricled reserves equivalent to the wnning costs of the Charity for a period of al lea51 one year. In
2024 those running cos15 arnounled lo £457,698. The Trustees determined, therefore, that the reserves were
sufficient.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Investmen£ Powers
The Trustees. Stock Exchange investments are either equities or government slo¢ks. The Trustees regularly ￿nSult
with their Investment adviser and lake due regard ol any recommendations and invesltnents made.
The Trustees will invest the funds in accordance with the Twstge Aci 2000. wr(hin IheA¢t the Trustees..
sh811 exèrcise such power with the care that a prudent person of business would in rnaking investments for
pe150n for whom they felt morally obliged lo provide:
shall not make any speculative or hazardous investment (and for avoldance of doubl thi5 power to invest
does not extend lo18ying oul money on the acquisition of futures and or trading options).,
shall have regard lo the need foi diversification of investments in Ihe circumslancas of the charity and lo
th& suitability of the proposed inveslmenls.,
there are no ethical or geographical resliictions.
Trustees additionally have a duty to remew their investments at regular intervals. The Trustees will ravigw the
investment policy al least annually. The Trustees rnay change any part of the policy at any lime.
The Investment Manager must be an aulhorised person who is enlilled lo ¢arry out investment business under the
provisions of the Financial Services Act 1986.
The TriJst¢es have delegated the powers of investment managamenl to Quilter Cheviol.
Perfomian¢e
The balance sheèt shows thal as al 31 December 2024. rnvestments amounted to £2.068,606 compared with
£1,953.150 as 8131 December 2023, an increase of£115,456.
The majority of such monie5 were invested by Quitter Cheviol in their bespoke Global Income & Growth Fund for
Charities., the balance was held with M&G Charity Multi Assets Fund.
The income derived from investments increased during 2024 as compared wlh the prewous year by £38,049 from
£110.196 to £148,245.
Cash deposits
Cash deposits ale pla¢ed with approved bank5 with suitable cradit ratings. The Tru51ee5 agreed last the year.
having taken advice, lo open an account with Flagstone Inveslrnenl Management Limited. Thls enablèd thé Charity
to select and operate 4Jeposil accounts with selected financial institutions on behalf of the Charity. All such deposits
were made with bank5 covered by the FSCS guaranlee scheme. The dèposits are made on a v8rlety of lerrns.
Some accounts are instant a¢¢ess. some are fixed temi, some are noticè accounts ranging from 35 10 95 days,
notice. At the end of Ihe term or the noli¢è period the cash can be reinvested in the same or different deposit
holding. This has subsianlially raised the level ol income compared with that when held at the Charty's own bank.
Cash dgposts may also be retained within the ¢harity fund managed by Quilter Cheviot.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Risk management
Thè Ttustèès havè considered the major risks lo which they ¢onsidèr thè Charity has been exposed and concluded
that these lie in the inherent risks of prevailing conditions in agricultu￿ arKI in the residential property market and in
the stock eKchange. The Trustees are well aware of the econornic uncertainties both in agri¢ulliJre and the stock
market generally and will lake whatever steps they consider necessary after taking professional advi￿ lo mitigate
and reduce those risks.
During the course of the pandemic the trustees were very mindful of the Ihreal posed lo the business operations of
the charity, and in particular to the ability of thè farming and residential tenants to maintain rental payments. The
trustees have considered themselves fortLJnate that again in 2024 and to date such payments have not fallen into
arrears and the faming businesses of their tenants appear lo remain strong.
Risk identification and manag&rn&nl are sp8cifiGaily discussed and minuted at all Board meetings. At its February
meeting and following discussions in 2023. the Board adopted the substantially remsed risk register based on
cognised slandaid form315 identifying risk of a governan￿. operational, financial, @nwronmental or reputational
nature. Such risks had been appropriately scored by Board members. None had been idèntified as being in the red
category bul rather all fell within the moderate or low risk category. The Board will now review this doCu￿ent on a
regular basis each year.
The Trustees confirm that no serious incident has taken place which they should have ￿pOrted lo the Charity
Commission bul have not.
Plans for th• futurè
The Tru5te85 overall objective is lo maximise the level of incom& that is available for grants and thereby lulfil the
oble¢tlves of the Trust Deeds. They will ¢onlinue lo do this by pursulng a policy of sound estate management.
Arising from the review of the property porttolio in 2017. the Trustees will continuè with the disposal ol certain
dwellings and building plots. Aligned to those disposals the Trustees will conts.nue their programme to Invest in
alternative lrnore modern and energy efficientl properties which can produce a higher 18nlal return frotn which an
increased level of grants to churches and charitable organisalions 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 lo hold cash
with banks and building societies linduding deposits held through Flagstone referred to above) which can pay an
attractive rate of intèrést.
In ￿SpeCt Of the agricultural land and holdings il remains the Trusleos, ovèrall viaw that thar8 should bg no
large5cale disposal of the Estate though as and when opportunities present themselves, they would look lo enhance
value.
During the course of 2023 the Truslees had made the decision lo convert the charity from fts current legal status of
being unincorporated to that of a Charitable Incorporaled Organisalion ICIOI and selected and engag￿ a firrn ol
well*stablished solicitors to eary out the necessary legal work for this to be achieved. Ouring 2024 the Clerk has
coordinated the necèssary procedures and providèd the dètailed instructions with a view lo the submk8sion of an
application to the Charity Commission in the early part of 2025. It is hopèd this work will be compleled during th8
course of the coming year.
Structure. governance and management
The Charty was established by Williarn Laslett 11799-18841. a Worcester member of parliament. mayor.
dignitary and philanlhropist. It opelates under the temis of a Trust Deed dated 17 January 1879. Its Registered
Charity number is 233696.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees who served during the year and up to the dale of signature of the finanaal statements were..
Mr C RAnstey
Mi G W Ballard (Appointed 1st April 2025)
Mrs L C Baxter
Mr T J Bridgès
MrD8Dale
Mr P W Hughes
Mrs A T King
Mrs G T Newman
Mr J V Panler
Mrs LA Preece
Mrs N J Rogers
Mrs K M Vincent (Retired 31 sl Decembgl 20241
The Trustees of this Charity also serve a5 Trustees of Laslett's Aln5hou5es and have bean appointed by a long
series of Deèds of Appointmenl andlor Retirement Sin￿ 1879. There is no provision as to the length ol service or
requirement for re-appointment after a specified period of lime.
All Trustees give their tiTlle freely and no rernuneration was paid to any ol them during the year. Trustees are
required to disclose all relevant interests and to register them with the Clerk. The Trustees are also reqUI￿d lo give
details of any interest that may relate lo an agenda item in which event if there is a conflict or perceived conflict of
interest, they will withdraw frorn the meeting.
Appointment of Trusleos
The Board of Trustees have a wide range of professional and commercial experlence including agriculture,
charflable bodies. church architectule, estate m3na9ément, social work, care lor the elderly, and accountancy. The
Charity seeks to appoint Trustees who have ski115 and expertise which are relevant lo the areas in which the Charity
operates.
At the time of appointmenl, new Trustee5 are provided with an induction pa¢k within which are notes setting out the
history and background of Ihe charity including its original objectives, current policies and copies of Board and
Committee minutes for the preceding Iwelve months or longer period if ￿e￿Ssary. Prior to formal appointment,
potential new Tiustees who have been interviewed and accepted the role in princtple ale provided with the
opportunity lo have some one-to-one discussion with the Clerk and Agent and with the Chairman. In addition they
are invested in a gLJest and confidential capacity to the Board meeting prior to the dale of their intended
appointment to gain first-hand èXPaTience of the Board and ils worknngs.

LASLETT'S (HINTON) CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Organlsalionalstructure
The Board of Trustèes meets on a regular quarterly basis. Usually the venue for Ih05e meetings is the community
room in Lasletys Almshouses, Union Street, Worcester bul for the July quarterly meeting, il rnee15 at Elmley Castle
Village Hall close to the Hinton Estate properties. With the input of their Aggnt, Clerk and Investment Advisor by way
of written reports andlor attendance at the meetings, they initiate, rewew and adopt policies which further the
objects of the Charity a5 sel out in the Trust D&ed and ensure Complian￿ with current legislation and recommended
good practice. The Trustee5 are also responsible for ￿tting the remuneration levels of staff appointed by the charity.
To enable the more expedillous conduct of business the Trustees have creatéd three Committee5 which may
examine relevant issues in more delwl and which may make recomrnendation5 to the TNstees lo rnake a formal
decision.
The Grants Commiitee which meets on a regular quarterly basis is 9hien the duty of giving detailed consideration to
all grant applications received and to recomrnend approval or rejection to the Board of Trustees. It does not havè
delegated power to make a final decision. Applications for grants afe submitted lo the Clerk prior lo their submission
lo the Grants CommittÈe. The form on which applications are submitted is designed lo provide the Trustees with
the data they require lo make informed decisions.
The Finance and Investment Commiltee meet5 quarterfy with one of those meetings being attended by the Charity's
inveslrnenl managers when the overall direciion and performance ol the investments can be rewewed and heed
given to emerging trends. The Committee receives and reviews management accounts throughout the year and
approves those for the year-end in ￿adIneSS for audit. The Committee also has responsibility for producing a
budget for the forthcoming year WTthin which it endeavours to maximise the amount available for grant awards.
The Property and Agriculture Committee meets on an ad hoc basis to consider i55ues relating to the rnanagement
of the Charity's assets {primarily farm5 and landholdings) where decisions of a significant nalurg arè required to be
taken and which the Agent feels would benefit from closer 5cruliny. A full racommendalion then be made to thè
Board.
Trustees are required lo declare any spe¢ific interest before any discussion relating to grants or any other rnatlers
diseLJssed at either Trustees, meetings 01 at the Grants and Investrnenl Cornrnitte& mèetings. There have been no
declarèd intérests in Ihe year of account.
The Agent lo the Charity is Mr Adrian Robinson of ARC Surveyors Limited, The Cedar Office, 5 Thackholme.
Worcesler. WR4 ORZ whose duties and responsibilitie5 include the following..
Management of the Charity's properties induding liaison with tenants and licensees and overseeing
finances.,
Reporting lo each quarterfy meeting of the Trustees
All aspects of finanrial admini51ralion including the Charity's needs and cash flow position and the
preparation of quarterly rnanagement a¢¢ounts.
Advising the Tiuslegs on what funds are available for distribution as grants.
The Clerk to the Charity is Mr Stephen Inman whose duli8s and responsibilities include the following..
Preparation ol agendas for quarteTly Trustee eoard meetings, Committee meellngs and drafting of minutes.,
Provision of guidance on legal and governance issues al meetings and generally
aison with Agent, Accountants, Investrnent Manager 8nd Tnjstees as to administralwe matters
Oversight of the process in relation lo grant applications.
Relat*d charities
The Charity has a close relationship with Laslett's (Almshousel Charity gNen ils Agent. Clerk and investment
advisers, as well as its Trustees are common on both. Thls arises historically from both Charthes have a common
benefador and founding philosophy.
The main object of La51etV5 Atmshouses is to manage the almshouses s4tuated at Union Street Worcester for its
residents.

LASLETT'S (HINTON) CHARITY
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
On behaLf of the Board of Trustees
MrJ V Panter
Chaimian
MrDBDal¢
Trustee
18 Augu512025
18 August 2025
10-

LASLETT'S (HINTON) CHARITY
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees are responsible for prèparing the Tru51ee5' Report and the accounts in accordance with applicable law
and Uniled Kingdom Accounting Stsndards (United Kingdom Generally A¢¢epted Accounting Prad¢el.
The law applicable to charities in Engl8nd and Wales requires the Trustees lo prepare accounts for each finan¢lal
year which give a Irue and fair view of the stsle of affairs of the Charity and of the incoming resour¢es and
appli¢alion of rasources of the Charity for that year.
In preparing these accounts, the Trustees are required lo..
select suitable accounting pollcies and then apply them eonslslenUy'.
observe the methods and principles in the Charities SORP.,
make judgèments and eslimales that are reasonable and prudent-
51ale whether applicable accounting standards have been followed, subject lo any material departures
disclosed and explained in the accounts,. and
prepare the accounts on the going concern basis unle55 11 is inappropriate lo presume that the charity will
continue in operation.
Thè Trustees are responsible for keeping sufficient accounting record5 that disclose with reasonable accuracy al
any time the financial position of the Charity and enable them to ensure that the accounts comply with the Charities
Act 2011. the Charity IAccounls and Report51 Regulations 2008 and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the charity and hence for taking Teasonable steps lor 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 Laslett's (Hinlonl Charity Ilhe 'Charity'} for the year &nded 37
December 2024 which cowpiistr the statement of financial aclivities, Ihe balance sheet, the Statement of cash flows
and not6S to the financial slalemenls. in¢ludin9 significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including
Financial Reporting Standard 102 Thg Fin8ft¢Aal Réporting Standard 2pplKable in the UK and Republic of Ireland
(United Kingdom Geneially AC￿pted Accounting Pradi¢el.
In our opinion, the finaneial statements..
give 8 IrLJe and fair view of the slate of the charity's affairs as at 31 De￿mber 2024 and of ils incoming
resour¢e5 and application of resour￿$, for the year then ended.,
have been properly prepared in accordancè with United Kingdom Generally Accepted Accounting Pra￿1￿..
and
have been prepared in accordance with the Charities Act 2011.
Basi$ for oplnlon
We ¢onducted our audit in accordance with Intèrnational Standards on Auditing IUKI IISAS IUKII and applicable
law. Our ￿SPonSIbl51t1eS under those standard5 are further described in the Auditorfs Fpsponsibilities for th8 audit ol
ttje t7nancial statements section of our report. We are indèpendent of the Charity in accordance with the ethical
requirements that are relevant lo our audit of the financial statements in the UK, induding the FRC'S Ethical
Sland8rd, and we have fulfilled our other ethical responsibilities In aecordance with these iequiremenls. We believo
that the audit evidence we have obtained is suffKient and appropriate lo provide a basis for our opinion.
Conclusions relating to going Concern
In auditing the financial statements, we have concluded th81 the Trustees, use of the going concorn basls ol
accounting in the preparation of (he financial slalemenls is appropriate.
Based on the work we have perfomièd, we have not identrfied any material uncertainties relating lo events or
conditions thal, individually or collectively. may cast significant doubl on the Charity's ability lo continue as a going
concern for a period of al least twelve months from when the financial statements are authorised for issue.
Our rèsponsibilities and the responsibilities of the Trustees with respect to going ￿nCeM are described in the
relevant se¢tions of this report.
Other information
The other information comprises the information included in the annual report other Ih8n the financial statements
and our 8udilor's report thereon. The Trustees are responsible for tha other information contained within the annual
report. Our opinion on the financial statements does not cover the othèr information and we do not express any form
of assurance conclu5i0n thÈreon. Our responsibility is to read the other information and. in doing $0. Conslder
whether the other infomafjon is matèrially inconsistent with the financial slatemenls or our knowledge obtained in
the course of Ihe audit. or olhennfis8 appear5 to be malerially misststed. If we identify such material in¢on5islencies
or apparent material misslaternenls. we are required to determine whether this givès rise to a materHI misstatement
in the financial statemenls themselves. If. based on the work we have perfomèd, we conclude that there is a
maléiial misstatement of this other inforrnalion, we are required to report that fact.
We have nothing lo report in this regard.
Matters on which w• ar& roqulr¢d to rèport by exception
We have nothing lo report in respect of the following matters Sn rèlation lo which the Chadlles (Accounts and
Reports} Regulations 2008 requires us to report to you if, in our opinion".
the information given in the financial slalements is inconsistent in any m81erial respect with the Trustees.
report". 01
sufficient accounting record5 have not b88n kèpt., or
the financial slalemenls are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.
12-

LASLETT'S (HINTON) CHARITY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF LASLETT'S (HINTON) CHARITY
R¥$ponslbillt1￿ ol Tiu$tse$
As explained more fully in the statement of Twslees, responsibilities, the Trustees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and lor Such
internal control as the Trustees determine is necessary lo enable the preparation of financial statements that are
free from matorial misstatemént. whether due to fraud or errol. In preparing the financial stalemenls. the Tru51ees
are responsible for assessing the Chaiity's ability to continue as a going c()ncern, disclosing, as applicable. mallers
related lo going concern and using the going concern basis of accounting unless the Trustees either intend lo cease
operations, 01 have no realistic allernalive but to do so.
Audltorfs responslbillties for the audit of the finan¢ial $tatsments
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with Ihe
Act and relevant regulations made or haking effe¢t Iheraunder.
Our oble¢tives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement. whether due to fraud or error. and Io i55ue an auditor's report that include5 our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in ac£ordance
with ISAS {UKI will always delect a material misstatement when il exi51s. Misslalèmènts can arise from fraud or
error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence
the economic deasions of users taken on the basss of thesè financial slalemenls.
The extent to which our procedures are capable ol detecting irregularities, including fraud, is detailed below.
Extent to which the audit was ¢on$idergd eapabl8 of det•cting irregularities, intluding fraud
an understanding of thè risk assessment process (including the assassment ol the risk of fraud) adople(I by the
Tru51ee Boaid is obtained and their attitude to risk ascertained.
an assessfflenl of the svs¢eplibility to material mis-statement of the finanaal statemenls as a result of
management over-ride or fraud is made.
it is ensured that the engagement team have. collectively. the appropriate competence, capabilities and skills to be
involved in the a55ignrnent. are fully biiefed and understand the Tisks specific to the chality.
Audlt responses to rfsks Identified
processes to test the outcomes of our assessment indude, a review of Trustee Board minutes, analytical rewew.
the ielevance and accuracy of significant accounting estimatès, substantive testing of significant transactions. work
lo idèntify unusual or unexpected accounting entries including the testing of journal entries. infotmalion disdtssed In
the financial statements is traced to supporting documentation. In all instances il is acknowledged that material mis-
slalemenls that arise from fraud may involve deliberate concealment or collusion and are, therefore, by their very
nature harder lo delect than thosè arising from error.
an understsndlng of U)e legal and regulalory frarnework as appllcable lo the charity is obtained together with
knowledge of the procedures Put in place by the charity in order to cornply with the same.
il is established if there have been any instances of noTrcomplian¢e with applicable laws and regulalions. where
there are such breaches. a full understanding. including gathering of relevant documantslion appertaining lo the
èvent is obtained and assessed.
It should be noted that Auditing Standards limit the audit procedure5 required to identify no1￿Compliance with laws
and regulations lo enquiry of the Iru51ee5 and oth* management and the inspection of regulatory and legal
correspondence. rf any.
A further d85criplion of our responsibilities is available on the Financial Reporting Council's webslle at.. https'.11
￿V￿.fr¢.org.UklaudItorsresponSlbI1f(les. This description forrns part of our auditols report.
13-

LASLETT'S (HINTON) CHARITY
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF LASLETT'S (HINTON) CHARITY
Other matters
Your attention is drawn to the fact that the charity has prepared financial 51alements in accordance with A¢¢ounllng
and Reporting by Charities". Statement of Recommended Practice applicable lo charitiès preparing their account5 in
accordance with the Financial Reporting Standard appli¢ablÈ in the UK and Republic of Ireland IFRS 1021" la5
amended) in preferen￿ lo the Accounting and Reporting by Charities.. Statement of Re￿mmended Practice issued
on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn.
This ha5 been done in order for the financial statements lo provide a true and fair view in a¢¢ordance with current
Genefally Accepted Accounting Practica.
Use of our report
This report is made solely to the charity'5 trustees, as a body, in accordance with Part 4 of the Charllies (Accounts
and Reports) Regulations 2008. Our audit work has bèen undertaken 50 that we might stale lo the chaiity'5 trustee5
those rnallers we are required to state to them in an auditor's report and foi no other purpose. To the fullest extent
permitted by law. we do not accept or as5urne responsibility to anyone other than the charity and the charity s
trustees as a body. for our audit work, forthis report, or for the opinions we have forrnd.
Sarah Morlgy BA (Honsl ACA Isenior Ststutory Auditor)
for and on behalf of Kondall Wadley LLP
18 August 2025
Chartered Accountants
Statutory Auditor
Merevale House
27 Sansome Walk
Worcester
WR1 1NU
Kendall Wadley LLP is eligible for appointment as auditor of the Charity by virtue of ils eligibility for appointment as
audiloi of 8 company under section 1212 of the Companies Act 2006.
14-

LASLETT'S (HINTON) CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Current rinancial y*ar
Unrestricted Unrestri¢téd Endowment
funds
lunds
funds
general designated
2024
2024
Total
Total
2024
2024
2023
Notss
como a
Charitable actithlies
Inveslrnents
Other income
496,482
148,245
496,462
148,245
462.122
110.196
9,604
Total income and endowments
644,707
644,707
581,922
Raising funds
1,894
1,894
1.815
Charilable actiwlies
455,804
455,804
407.699
Total expendiiure
457,698
457,698
409.514
Nel income beforo investment
movements
187,009
187,009
172,408
Net gainslOosse51 on investments 13
32,346
83.110
115,456
128,000
Net Incomlng resources before
trans￿r$
219,355
83,110
302.465
300,408
Gross transfers b8twè@n funds
14
2,523
12,5231
Net incoming resources
221,878
12,5231
83.110
302.465
300,408
Other rocognis•d gains and losses
Revaluation of tangible fixed
assets
1.260,343
1,260,343
890,000
Net movement in fund$
221,878
12,5231 1.343.453
1,562.808
1,190,408
Fund balances at 1 January 2024
613,e69
733,015 21.394.503 22,741.t87
21,550,779
Fund balances at 31 December 2024
835,547
730,492 22.737.956 24,303,995
22,741.187
The stslement of financial activities includes all gain5 and1053es re¢ognised in the year. All incorne and expenditure
derive frorn continuing a¢ts"vili¢s.
15-

LASLETT'S {HINTON) CHARITY
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
Prior financlal year
Unrestrict•d Unrestricted Endowmènt
funds
funds
funds
general designated
2023
2023
Total
2023
2023
Notes
nd endowments frnm:
Charitable activities
Inveslments
Other income
462,122
110,196
462,122
110,196
9,604
9.604
Total Ineome and endowments
572,318
9,604
581,922
ndt
Raising funds
1,815
1,815
Charitable activiti'es
407,699
407,699
Total expenditure
409.514
409,514
Nel incoming resources before investment movements
162.804
9.604
172.408
Net gainsl(losses) on investments
13
38.966
91,034
128,000
Net incoming re$our¢es before transfers
199,770
100,638
300.408
Gross transfers between funds
14
1103,4581
103.458
Net Incomlng resources
96,312
103,458
100,638
300,408
other re¢ogni$ed galns and losses
Revaluation of tangible fixed assets
890,000
890,000
N•t movement in fund¥
96,312
103,458
990,638 1.190,408
Fund balances at l January 2023
517,357
629,557 20.403.865 21,550,779
Fund balancès at 3108cember 2023
613.669
733.015 21,394,503 22,741,187
16-

LASLETT'S (HINTON) CHARITY
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixèd a$s•ts
Tangible assets
Investments
15
16
20,550,725
2,068,606
19,290,382
1,953,150
22,619,331
21.243,532
Current assets
Oeblors
Investments
Cash at bank and in hand
17
18
125,322
837.431
1.294,148
88,940
426.507
1.346,172
2,056,901
1.861.819
Creditors: amounts falling due within
ong year
19
1320,2371
1327.9641
Net current assets
1,736,664
1,533,855
Totsl ass•ts less current liabilities
24.355,995
22,777.187
Creditors: amounts f•lling duè after
more than one year
20
152.0001
136.0001
Net assets
24,303,995
22.741.187
Capltal funds
Endowment fund5
Income funds
nrestrict8d funds
Designated funds
General unrestricted funds
22
22,737,958
21,394,503
23
730.492
835,S47
733,015
613,669
1,566,039
1.346,684
24,303,995
22.741,187
Tho financial statements were approved by the Trustees on 18 August 2025
Mr J V Panler
Chairman
DBDale
TTustse
17-

LASLETT'S (HINTON) CHARITY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash ftows from op8ratlng activities
Cash genèrated trom operations
26
10.e53
87,255
Investing a¢tivitlès
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Proceeds from disposal of Investment
Inve51rnenl Income received
110,1101
10,000
458,040
110,197
148,245
Not cash generated from investing
actlvltles
148,245
568.127
Net ineTeas8 in cash and c￿h equivalents
158,898
655,382
Cash and cash aquivalents at beginning of year
1,772.681
1,117,299
Cash and cash equivalgnts at and of year
1,931,579
1,772,681
18-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity infomiation
Laslett's IHinlonl Charity is a charity registered in England and Wales (number 2336961. Ils reglslered
address is Kateryn Heywood House, Berkeley Court, The Foregate, Worcesler. WR1 3QG.
1.1 A¢¢ountlng conventlon
The accounts have been prepared in accordance wllh the Charitls Trust Deed, the Ch8rrftles Act 2011 and
Accounting and Reporting by Charities.. Slalerrenl of Recommended Practice applicable lo charities
prèparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
RepLJblic of Ireland IFRS 1021" {as amended for accounting periods ¢ommencing from 1 January 2019). The
Charlty is a Public Benefit Entity as defined by FRS 1Q2.
The financial statements have departed from Ihg Charities {Accounts and Report51 Regulations 2008 only lo
the extent required to provide a true and fair Mew. This departure has involved following the St8tèmenl of
Recommended Practice for charities applying FRS 102 rather than the version of the Slalement of
Recommended practi￿ which is referred lo in the Regulations but which has since been withdrawn.
The financial slalemenls are prepared In sterling. which 15 the functional currency of the Charity. Monetary
amoun15 ITI these financi￿ statements are rounded to the nearest £.
The accounts have been prepared under the hlsloiical ¢osl ¢onvenlion. modified lo include the rev￿uatIOn of
freehold properties and ￿rtain financial instruments at fair value. The principal acc4)unting policie5 adopted
are set out below.
1.2 Going concern
At the time of approving the financAal stalements, the Trustees have a reasonable expectation that the Charity
has adequate resources to continue in operational existence for thè foreseeable future and that there are no
malertal uncertainties about ils ability to continue. Thus the Trustees continue to adopt the going concern
basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestiicted funds are available for use at the di5cielion of the Trijstges in furtherance of their charitable
obje¢tives.
Designated funds are to be maintained, rf possible. al a levgl adequate to cover major future ￿abilItieS where
both thè liming and quantum cannot be accurately ascertained.
Endowment funds represent those assets which musl be held permanently by the Charity, principally property
and invèstm8nts.
1A Incom•
Incorne from investrnents and property is recogniséd when the Charity is legally enlilled to il after any
performance conditions have been mel, the affloun15 Can be moasured reliably, and il is probable that income
will be re￿ived.
19-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
{Continuedl
1.5 Expèndlture
Expenditure 15 re¢ogni5ed once there is a legal or constructive obligation to transfer economic ben&fit to 3
third party, it is probable that a transfer of economic benefits will be required in settlement, and the arnounl of
the obligation can be measured reliably.
Expgnditura is classified by activity. The costs of each actiwty are made up of the total of dIr￿t cost5 and
shared costs, including support costs involved in *Jndertaking each activity. Direct costs attribula￿e lo a single
activity aio allocated directly to that aclivily. Shared costs which conlribule lo rnor8 than one activity and
support ¢os15 which are not a￿Ibutab1e to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff wsls are allocated on the basis of lime sp6nt, and
depreciation charges are allo¢ated on the portion of the asset's use.
Re50urceg expended are included in the Ststem8nt of Financial Activities on an ac¢rual$ basis. inclusive of
any VAT which cannot be recovered.
Governance costs are the costs associated with the running of the charity and are wholly attribLJtablè to thè
charitable activities undertaken.
1.6 Tangible fixed assets
Properties whose fair value can be measured reliably are held under the revaluation modèl and are carried at
a revalued amount, bèing their fair value al the date of valuation less any subsequent accumulated
depreciation and subsequent accumulaled impairment losses. The fair value of the 13nd and buildings is
usually considered lo be Iheii market value.
Revaluation gains and losses are recognised in other recognised gains and losses and accumulated in equity.
except to the extent Ihal a revaluation gain reverses a revalualion 1055 previously recognised in nel incornel
lexpenditurel or a revaluation 103s exceeds the accumulated revaluation gains recognised in equty., such
gains and loss are recognised in nel incotnellexpenditurel for the year.
The Statement of Recommended Practi￿ IFRS 1021 requires that a pmvision be made for depreciation of
tangible fixed assets having a finite use of life. However, the Trustee5 are of the opinion that the residual value
al the ènd of tha èstimated useful life of the property is not likely materially to differ from ils cost, or re-valued
mount (re￿eWed annualty}. Therefore. any element of depreciation is considered lo be immaterial and no
provision is made. movements in valuation are taken lo the Statement of Financial Activthes as detemiined.
The gain or loss arising on the disposal of an asset is detemiined as the difference belween the sale proceeds
and the ¢airying value of the asset, and is recogni$8d in the statement of financial actiwties.
1.7 Fixèd asset Investments
Fixed asset investmen15 are initially measured al transa¢lion prf¢e excluding transaction costs. and are
subsequently measured al fair value al each reporting dale. Ch8nges in fair value are recognised in nel
incomèllexpènditurel for the year. Transaction costs are expensed as incurred.
1.8 Impairnient of fixed assets
At each reporting end data. the Charity review5 the Carrying amounts of ils tangible ass@ts to dètem)ine
whether there is any indioation that those assets have suffèred an impairment loss. If any SLJch indication
exists, the recoverable amount of the asset is estimated in order lo detemiine the extent of the impairment
loss {if any).
1.9 Cash and cash equlvalents
Cash and cash equivalents include cash in hand. deposvcs held at call with banks, other short-term liquid
investments wth original maturities of three months or less.
-20-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting poli¢ie$
Icontlnutrdl
1.10 Flnancial Instruments
The Charity has eleGled lo appty the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Chatiws balanco shaat when the Charily becomes party lo the
conlractual provisions of the inslrumenl.
Financial assets and liabiliiies are offsel, wth the net amounts presèntéd in the financial staternerits, when
there is a legally enforceable right to sel off the recognised amounts and ther¢ is an intentson to settle on a net
basis 01 lo realis& the asset and $gtt18 thè liability simLtltaneously.
Basic financial assets
Basic financial a55et5. which include dèbtors and cash and bank balanw. are Initially meaSU￿d at
Eransaclion piice including transaction costs and are subsequently carried al amortised. Financial assets
classified a5 receivable within one year are not aTllOrti5ed.
Baslc flnancial liatjilities
Basic financial liabilitie5, including creditors are Initial￿ recogni88d at transaciion price. Financial liabilities
classified as payable within one year are not amortised.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from Suppliers. Amounts payable are classified as current Iiabilrties if payment is due within one
year or less. If not. they are presented as non-currenl liabilities. Trade creditors arè recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Dereoognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expife or are discharged or
cancelled.
Crltleal aceountlng gstlmates and judgements
In the application of the Charity's accounting policies, the Trustees are required to make judgements,
eslimales and a55umplions about the Carrying amount of assets and liabilrties that arè not r&adily apparènt
from other sources. The eslimales and a550ciated assumptions are based on historical experience and other
factors that are conSide￿d to be relevant. Acttjal results may differ from these eslimales.
The estimates and underlying assumpts'ons are re*iewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
peiiod, or in thè p61iod of the revision and future period5 where the re￿slon affects both current and future
periods.
21

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from Charitable activities
Unrgstricted
fund$
2024
Unrestricted
fund$
2023
Charitable actKvities
Charitable rental income
Other income
488,848
7,614
460,683
1,439
496,462
462,122
Income from investments
Unrestricted Uftrèstricted
funds
funds
2024
2023
Income from listed investments
Interest recèivablè
58,369
89,876
55,966
54,230
148.245
110,196
Other income
Endowment Endowmènt
funds
funds
2024
2023
Net gain on disposal of tsngible fixed assets
9,604
Rai$ing funds
Unr•$trict•d Unr•strrctèd
nds
funds
general
general
2024
2023
Investment management
1,894
1,81S
1,894
1,815
-22-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable activities
Grants
Property
payable Expanditure
Total
2024
Total
2023
Refurbishment costs
Ballard5 Farm
12.182
12,182
8,144
12.182
12,182
8,144
Other costs
Insurance
Repairs and renovations
Professional fees
22,207
35.807
23,080
22,207
35,807
23,080
19,305
61,987
7,361
Grants lo olheT ¢haiilies
296.024
296,024
249,878
Share of support costs (see note 91
Share of govemance c051s Isee note 9)
64,739
1,765
64,739
1,785
59,344
1,680
296,024
159,780
455.804
407.699
Analysi5 by fund
Unrestricted funds- 9&neral
296.024
159,780
455,804
296,024
159,780
455.804
Forthe year ended 31 December 2023
Unrestricted funds- general
249.878
157,821
407,699
249.878
157,821
407.699
Grants payabl•
Grants
payablè
2024
Grdnts
payablè
2023
Grants lo inslilutions..
R8clor of Hinton
Other Charities
600
295,424
1.200
248,678
296,024
249.878
-23-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs allocated to activities
2024
2023
Agent's management fees
Cler￿5 fees
Stjndry expenses
Accountancy
Accountancy- agent
Governance costs
51,347
5,538
2,645
1,585
3,624
1,765
47,646
5,187
2,053
968
3,490
1,680
66,504
61,024
Analysod b&tsYe•n:
Charitable activities
66,S04
61,024
2024
2023
Governance costs comprise:
Auditors. fees.. audit
1,765
1,680
1,765
1,680
10 Trustees
None ol the Trustees lor any persons connected with them) rècaivèd any remuneration during the year nor
weie any èxpenses re-imbursed.
During the year th8 Charity has again taken out insurance for Trustees, and individual liability, employment
practices liability and professional and legal liability in each instance lo a limit of £1 million.
11 Employees
Thfy average monlhly number of employees during the yoar was..
2024
Number
2023
Number
Total
Induded in clerks fees is remuneration recharged from Lasletts (Almshousel Charty of £S,538(2￿23'. £5.1871
in respect of this appointment.
Ther& were no 8mploy¥as whose annual remuneration was more Ih8n £60,000.
12 Taxatlon
The charity is exernpt from taxation on its activities be¢ausg al its income is applied for charitablo purposes.
-24-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Gains and losses gn investments
Unrestricted Endawmènt
funds
funds
2024
2024
Total Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Gainslllossesl arising on..
Rèvaluation of
investments
32,346
83,110
115.456
36,966
91.034
128,000
14 Transfer¥
Tian5fers have been made betrleen the unreslricled and designatèd tunds to cover the costs of refurbishment
projeds and presenvfuture grant commitment5.
IS Tangiblè fixed assèts
Tenanted
T8nantod Woodlands Dgvelopment
farm$ and land eottages and and othoi tand
slte$
residential
property
Totsl
Cost or valuatlon
At 1 January 2024
Revaluation
12,998.957 4,990,ocLI
680.343
580,0
12fj.425 1.175.OOCI
19.290.382
1.260.343
At 310acambgr 2024
13,679,300 5,570,0(xJ
126,425
1.175,000
20.550.72S
Carrying amount
At 31 Deeember 2024
13,679.300 5,570,ocx)
126.425 1,175,000
20,550,725
At 31 December 2023
12,998.957 4,990,ocx)
126.425 1.175,000
19.290.382
Land and buildings with a carying arnounl of £20,550,725 wère revalued at 31 December 2024 by ARC
Chartered Surveyors, independent valuers, on the basis of market value. The valuation conforms to
Intemational Valuation Standards and was based on recent rnaikel tran$a¢tions on am's length t&ms for
similar proportiès.

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Fixed asset investments
LIBted
inveslmerbts
Cost or valuation
At 1 January 2024
Valuation changes
1,953.150
115.456
At 31 December 2024
2,068,6a6
Carylng amount
At 31 December 2024
2,068,606
Al 31 De¢embar 2023
1.953.150
17 Debtors
2024
2023
Amounts falling due within onè year:
Tiade debtors
Prepayments and accrued ino)me
89,908
35,414
55,116
33.824
125,322
88.940
18 Current asset irtvèstm8nts
2024
2023
Term deposrts
637.431
426,507
19 Creditors: amounts falling due within one y•ar
2024
2023
Notes
Other taxation and social securfly
Deferred income
Other creditors
Accruals
22.857
25,078
254,399
17.903
21.368
24,895
271.412
10,289
21
320,237
327.964
-28-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Crèditors: amounts falling due after more than one year
2024
2023
Accruals for grants payable
52.000
36,000
21 D8f•rred income
2024
2023
Ari3ing from rents paid In advance
25.078
24,895
All the abovè relate to the following period and are released in full.
22 Endowmentfunds
The en(lowed funds iepresenl those assets which musl be held pem)anenlly by the Charity, principal
investments and property.
At1 January
2024
In¢oming
Tesource$
Rosources Revaluation
Fixèd asset
oxpènded
on tangible investments
fixed assets gainsllloss&sl
At31
Dècémber
2024
Permanent endovmignts
Endowed funds
21,394,503
1,260,343
83.110
22.737.956
21,394.503
1,260,343
83.110
22.737.956
Previous year-
At 1 January
2023
Incoming
resources
Resources Revaluation
Fixed asset
expended
on tsnglble Investments
fixed assets galnslllossesl
At31
December
2023
Pemianent endowments
Endowed funds
20,403.865
9.604
890,000
91,034
21,394.503
20,403,865
9,604
890,000
91.034
21,394,503
Income arisin9 on the listed investments held in the endowment fund can be used in accordance with the
objects of the Charity and is included as unrestricted in¢tsm8. The above income 15 in connection with the
drsposal of freehold property and is necessartly held in the fund and will be used to acqulre furthw freehold
property.
-27-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 Unrèstricted funds- Designated
The income funds of the charity include thè following designated fvnds which have been set aside out of
unrestricted fijnds by the Trustees for specific purposes-.
At 1 January
2024
Transfers
At31
Decèmbèr
2024
Refurbishment fund
Designated gran15 fund
436.000
297.015
436,000
294,492
{2.5231
733.015
(2.5231
730,492
Prevlous year.
At l January
2023
Transfers
At31
December
2023
Refurbishmènt fund
Designated grants fund
296,000
333.557
296,000
437.015
103,458
629,557
103,458
733,015
The purpose of the iefvrbishment fvnd is to finance essential expenditure on property owned by the Charity.
The designated grants fund is to finan￿ grants awarded in the year which are yet to be daimed and to also
prowde for future grant awards.
Analysis of nèt assets between fund
Unrestricted Unrèstrlctsd Endowment
funds
funds
funds
general
2024
Totsl
20Z4
2024
2024
At 31 December 2024..
Tangible assets
Investrnents
Current a55elsl{li8bililigs)
Long term liabilities
20,550,725
1,347,661
839,570
20.550,725
2.068.606
1,736,664
152,000)
592,488
295.059
152,0001
128,457
602,035
835.547
730,492
22,737.956
24,303.995
28-

LASLETT'S (HINTON) CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
24 Anatysis of nèt ass&ts be￿een funds
(Continued)
Unrèstrietsd Unrèstrictad Endowment
funds
funds
funds
general
2023
Total
2023
2023
2023
At 31 December 2023:
Tangible assets
Investments
Current assetsllliabilitiasl
Long term liabilitie5
19,290.382
1,274.088
830,033
19,290.382
1,953,150
1,533,655
{36.0001
560,142
89,527
{36,0001
118,920
614,095
613,669
733,015
21,394.503
22,741,187
Included in unrestricted funds are unrealised gains on inveslrnenls for the year of £32.34612023.' £36,966).
Included in endowment funds are unrealised gains on investments for the year of £73,573 12023.. £91,034)
and uniealised gains on tangible fixed assets of £1,260,34312023'. £890,000).
26 Relatod party transactlons
Laslett's {Hintonl Charity is related lo La51et¥5 Almshou5e5 due lo the ¢harrties having common Trustees.
Laslett's Almshouses charged remuneration for the year amounting lo £5,53812023.' £5,187). At the year end
there was £nil12023.' £nil} due to Laslelt's Almshouses.
26 Cash gènarated from operations
2024
2023
Surplus for the yèar
302.4fj5
300,408
Adlu$tmerrts f(trr.
Investment income recognised in slalemenl of financial activities
Gain on disposal of tangible fixed assets
Fair value gains and losse5 on investments
1748.2451
1110.196}
(9,6041
1128,0001
(115,4581
Movements In worklng capltal:
Ilncrease) in debloT5
Increase in creditors
Increase in deferred income
138,3841
8,090
183
{29,2391
63,488
398
Cash generatsd from operations
10,653
87,255
27 Analysis of changes in net funds
The Charity had no material debt during the year.
-29-