##
||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)|