2023-04-05-accounts

	PBBA
TRUSTEES' REPORT
AUDITOR'S REPORT	6-7
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
STATEMENT OF CASHFLOWS	10
NOTES TOTHE FINANCIAL STATEMENTS	11-18

Reference	and Administration Detail	s ofthe Charity, its Trustees and Adv	isers.
Settlor		Christopher Maurice Laing
Date ofDeed		9July 1979
Trustees		Christopher Maurice Laing
		Diana Christina Laing
		John Ernest Keeble
		Michael Richard Warwick	Laing
		Richard Walter Minton Haines
		Carla l.ois Patricia Scale
Registered	Address	c/o TlvlF Global Services (UK) Ltd
		960Capability Green
		Loton
		Bedfordshire LU1 3PE
Registered	Charity Number	278460
Website		w. hri o h I i	d ti n.corn
Bankers		CHoareg Co
		37Fleet Street
		London EC4P4DQ
Accountants		TMF Global Services (UK) Ltd
		960Capability Green
		Luton
		Bedfordshire LU13PE
Auditors		Mercer &Hole LLP
		72London Road
		StAibans
		Hertfordshire AL1 1NS
Investment	Advisors	JM Finn &Co
		25Copthag Avenue
		London EC2R 5TA
		Vermeer Partners
		130Jermyn Street
		London SW1Y4UR

Financial Review	The Financial Statements have been prepared in accordance	with the
	accounting policies set out on pages 11and 12and comply	with the
	Charity's Trust Deed and applicable law.
	incoming resources for the year from investments and cash	totalled
	E504,413(20226454,508).
	There were various acquisitions and disposals of investments	during
	the year. The net loss on revaluation and disposals of investment
	assets amounted to E145,651 (2022 gain 61,507,998}.The market
	value of invesbnents at 5 April 2023 was 613,353,669 (2022
	613,330,075).
	The Trustees have considered the financial health ofthe charity and
	the Trustees believe that the charity, at the date of signing, will
	continue asa going concern forthe foreseeable future.
Reserves	At5Aprg 2D23 unrestricted reserves of6147,621were carried	forward
	inaccordance with the Trustees' policy on resenres, which istoexpend
	income to the fullest amount each year with any reserves to	be used
	in the fogowing year.
Plans for Future Periods	The Trustees are satisfied with their grant making priodties	and it is
	their intention to continue to support a wide and varied number of
	charities in accordance with their priorities.

								Total
								Unrestricted
					Expendable		Total	Funds
					Endowment	Income	2023	2022
				Note	E	E	E	E
INCOME AND ENDOWMENTS
Investments						504,413	504,413	454,508
TOTAL INCOME						504,413	504,413	454,508
EXPENDlTURE
Cost ofraising funds					49,530		49,530	51,419
Charitable activities						458,868	458,868	352,432
TOTAL EXPENDITURE					49,530	458,868	508,398	344,851
NET INCOME/(EXPENDITURE)		BEFOREGAINS
AND LOSSESON	INVESTMENTS				(49,530)	45,545	(3,985)	50,657
Gains/(losses) on	revaluation	ofinvestment	assets	8	(145,651)		(145,651)	1,507,998
NET INCOIVIE/(EXPENDITTJRE)		AFTER GAINS
AND LOSSESON	INVESTRIIENTS				(195,181)	45,545	(149,636)	1,558,655
TRANSFER BETWEEN FUNDS
NET MOVEMENT	IN FUNDS				(195,181)	45,545	(149,636)	1,558,655
FUND BALANCES	BROUGHT FORWARD				13,529,892	102,076	13.631,968	12,073,313
FUND BALANCES	CARRIED FORWARD				13,334,711	147,621	13,482,332	13,631,968

				2023	2022
			Nolo	8	F.
AXEDASSETS
investments			8	13,460,151	13,639,733
				13,460,151	13,639,733
CURRENT ASSETS
Debtor			9	7,297	5,009
Cash at bank			9	70,192	129,827
				T/,489
SILITIES:amounts		faIRng due wlthiri one year	10	(55,308)	(107,601)
				22,181	27,235
Provision for EabiSties		and charges			(35,000)
				22,181	(7,765}
				13,4S2,332	13,631,968
Representing;
UNRESTRICTED FUNDS
Expendable endowment				13,334,711	13,529,892
Undistributed	income			147,621	102,076
TOTAL CHARtTT FUNDS				13,482,332	13,631,968

				2023	2022
			Note	6	6
Cash fhws from operating	activities:
Net cash provided by (used In) operating activities			14	(597,979)	(490,063)
Cash flows from Investinli	activitiew
investment income				504,413	454,508
Proceeds from sale ofinvestments				1,057,268	1,251,015
Purchase ofinvestments				(1,226,513)	(917,230)
Net cash provided by (used In) Investing activities				335,168	788,293
Change In cash and cash equhralents		in the year		(262,8111	298,230
Cash and cash equivalents	atthe beginning ofthe year			439,485	141,255
Cash and cash equivalents	at the end	ofthe year		176,674	439,485
Represented by:
Cash held within the investment portfolio				106,482	309,658
Cash at bank				70,192	129,827
				176,674	439,485

						2023	2022
				Unlisted	Usted	Total	Total
	investment	income		f	6	E	E
	Investment	income from assets
	- IntheUK			'163,465	202,766	366,231	376,496
	- outside the UK				151,067	151,067	90,982
	Less non-recoverable		tax credits		(15,134)	(15,134)	(12,970)
				163,465	338,699	502,164	454,508
	Deposit interest					2,249
						504,413	454,508
8.	COSTOFRASING FUNDS					2023	2022
						E.	E
	Investment	managers'	charges			49,530	5R419

				TOtal	Charitable
	Cost Type			Allocated	Activities	Governance	BasisofApportionment
				E	6	6
	General trust		administration	14,239	5,696	8,543	Time ofprofessional	advisers
6.	GOVERNANCE		COSTS
					Expendable		Total	Total
					Endowment	tncome	2023	2022
					E	E	f
	Auditors' remuneration					4,080	4,080	3,180
	General trust		administration			8,543	8,543	7,525
	Accountancy	services				8,009	8,009	7,055
	Bank charges					409	409	370
	Sundry expenses					35	35	35
						21,076	21,076	18,165

The charity awarded	grants	to a number	ofinshtutions	in	furtherance	ofits charitable activittes	which	are
summarised as follows:
				2023		2022
				No	E	No
Child and Youth				2	55,000	4 69,750
Cultural and Environmental				1	80,000	2 52,500
Other				15	227,096	13 163,000
Charities Aid Foundation					70,000	44,000
					432,096	329,250
Details ofthe institutions	are as follows:
DONATIONS TD REGISTEREDCHARITIES
Chgd and Youth
Duke of Edinburgh's Award						50,000
The Lord's Tavemers						5,000
						S5,000
C~IIEIIILgnviranIDEDtal
Fields in Trust (National	Playing	Fields Association) I2)				50,000
Greenhouse Sports						30,000
						80,000
Other
Action for ME (2)						20,000
The Amber Trusts						10,000
The British Red Cross						10,000
The Chiltern Centre						25,000
Henley Festival Trust						5,000
Henley Rugby Charitable	Trust					7,500
John Laing Charitable Trust )2)						10,000
My Cancer My Choice.						S,000
National Emergencies Trust						25,000
RAW Workshop						10,000
RNLI						5,000
The Silver Line						20,000
StLawrence College						50,000
Sue Ryder						20,000
Swiss Cystic Fibrosis Foundation						4,596
						227,096
TOTAL DONATION5 TO REGISTERED CHARITIE5
CHARITIES AID FOUNDATION						70,000
TOTAL DONATION5 FOR	THE YEAR					432,096

ANALYSIS OF CHAIOTABLE	EXPENDITURE -continued	EXPENDITURE -continued	EXPENDITURE -continued
H T SAI F T
Balance held as at0Aprg 2022				3,743
Payments to Charities Aid Foundation				70,000
CAF Administration Charge	(including		VAT)	(2,250'„
Grants paid				(51,000}
Balance as at5April 2D23				20,458
Asample ofgrants toinstitutions		ofE2,000and over isgiven below:
Qg~n Youth
Make-a-Wish Foundation UK				1.,500
NSPCC (3}				3,500
The Princes Trust				1,000
MERI~JR Bgrch
The Institute ofCancer Research				1,000
r
Alexander Devine Childrens	Cancer	Trust		1,000
British Wheelchair Sports Foundation			Ltd	1,000
County Air Ambulance				1,000
Hearing Dogs forthe Deaf				1,000
Magglas Keswick Jencks Cancer Caring			Centres Trust	1,000
Marie Curie Cancer Care (2)				1,750
Medical Detection Dogs				1,000
North Herts Hospice care Association			(Garden House Hospice)	1,000
Peace Hospice Care				1,MO
Rennie Grove Hospice Care				1,000
Riverside Counselling Service				1,000
Rotary Club ofStort Valley				1,000
Royal National College for the Blind		(2grants)		1,500
Treloar Trust (2)				1,000
				22,250

9.	CURRENT	ASSETS	ASSETS				2023
							6
	Debtors	-	Income tax recoverable					4,351
		-	Stamp duty					658
							7,297
	Bank balances
	- CHoare	&Co					49,275	114,325
	Brokers' income accounts
	- Vermeer						20,918	13,293
	- IM Finn							2,209
							70,192	129,827
10.	LIABIUTIES:		AMOUNTS FALUNG DUE WITHIN ONE			TEAR	2023	2022
	Auditors						4,080	3,180
	Accountants						17,029	15,067
	Investment		managers				9,199	9,354
	Grants		- Livability 2022 2"sof3					3Q,QQQ
			- Oxfordshire	Community	Foundation	3rs of3		50,000
			- StLawrence	Cogege 2vs	of2		25,000
							55,308	107,601
11.	PROVISION		FOR LIABIUTIES	AND CHARGE5
							2023	2022
							6
	Grants		—Little Green	Pig 3'"of3				5,000
			- Livabglty 2023Seof3					30,000
								35,000
12.	UNRESTRICTED FUNDS
	Unrestricted		funds at 5April	2023comprise the following:

	Expendable	Undistributed	Total	Total
	Endowment	Income	2023	2022
			E	F.
Investments	13,353,669		13,353,669	13,639,733
Debtors		7,297	7,297	5,009
Cash	(9,759)	186,433	176,674	129,827
Creditors	(9,199)	(46,109)	(55,308)	(107,601)
Provision for liabilities				(35.000}
	13,334,711	147,621	13,482,332	13,631,968

				2023	2022
				F.	3
Net movement in	funds (as per the Statement of		Financial Activities)	(149,636)	1,558,655
(Gains)/losses on	investments shown	in investing	activities	145,651	{1,507,998)
Deduct investment	income shown in	investing activities		(504,413)	(454,508)
encrease)/decrease	in debtors			(2,288l	(3,046)
Increase/(decrease)	in creditors			(87,293)	(83,166)
Net cash provided	br (used in) operating activities			(597,979)	(490,063)