Christopher Laing Foundation
- A Registered Charity
Report and Financial Statements
5 April 2024

Christopher Laing Foundation A Registered Charity
CONTENTS
Page
TRUSTEES, REPORT
AUDITOR'S REPORT
STATEMENT OF FINANCIAL ACTIVITrES
ALANCE SHEET
STATEMÉNf OF CA5HFLOWS
io
NOTESTO THE FINANCIAL STATEME￿5
11-18

Christopher Laing Foundation A Registered Charity
TRUSTEES, REPORT
at 5 April 2024
The Trustees present their financial statements and ann￿?1 report for the year ended 5 April 2024. The financial
statements have been prepared in accordance with the accounting policie5 Set out in note I to the occounts and
comply with the charity's trust deed dated 9 July 1979. the Charitie5 Act 2011 and Accounting and Reporting bv
Charities.. Statement of Recommended Practice IFRS 1021 and update Bulletlns l and 2.
Reference and Admlnlstratiott Detalls of the Charlty, Its Trustees and Advls¢rs.
settlor
Chrlstopher Maurice Lain8
Date of Deed
9 July 1979
Trustees
Christopher Maurice Laing
Diana Christina Laing
John Ernesr Keeble (retired 16 October 20231
Michael Richard Warwick Laing
Richard Walter Minton Halnes
Carla Ltsis Patricia Laing
Registered Addre55
clo TMF Global Services IUKI Ltd
13th Floor, l Angel Court
London
EC2R 7HJ
Re81Stered ChaThty Number
278460
Website
to
oundation.com
8ankers
C Hoare & Co
37 Fleet Street
London EC4P 4DQ
Accountants
TMF GIDb31 Service5 IUKI Ltd
13th Floor. l Angel Court
London
EC2R 7HJ
Auditors
Mercer & Hole LLP
72 London Road
5t Albans
Hertfordshire ALI INS
Investment Advisors
JMFinn&Co
25 Copthall Avenue
London EC2R STA
Vermeer Partners
130Jerrnyn Street
L(Indon 5WIY 4VR

Christopher Laing Foundation A Registered Charity
TRUSTEES, REPORT
at 5 April 2024
Destination of Fund5
Income
To charitable purposes only. (The Trustees had the p¢)wer to
atturnulate until 9 July 21)00 when the accumulation period ended),
Expendable Endowment
Tc be retained by the Trustees or, at their discretion. applied as lor
income.
Investment Powers
Unrestricted.
5trutture, Governante & Management
The Foundation is constituted under a trust deed dated 9 July 1979
and is a registered charity, nurnber 278450. TheTrustwas established
by a gift from the Settlor, Christopher Maurice Laing.
The Tru5tee5 zre appointed by the Settlor during his lifetime.
ThÈ Induction process for any newly appointed Trustee comprlses an
initial meeting with Christopher Laing and hi5 ctrTrustee5 to cover
investment policy, the grant making proces5 and the powers and
responsibilities of the Trustee board. After appointment, newTru5tees
will be provided with copies of accounts. annual returns and
invÈstmeAt ￿PortS.
TMF Global Services IUKI Ltd is responsible for the administration
)nd accounting functions of the Foundation and acts a5 corre5pcndent
for applications for Brants. Applications received by TMF are in the
first instance sent to Chftstopher and Oiana Laing for consideration
and if appropriatÈ. they are tonsiderÈd by all Tnjstees. Large
donations arÈ ÈpnÈrally ¢onsiderÈd and approved at Trustees,
meetings which are held bi-4nnu4lly. Srnall donation5 are considerÈd
as and when they arise. The Foundation does not actively fundraise
and Seeks to continue to support charitable projerts frorn careful
stewardship of its investment portfolio.
Risk
The Trustees have examined the major Strategic ènd operational risk5
that the Foundation faces and confirm that appropriare measures are
in place to protect the Foundation from them as far as possible.
Objectives and Actiwties
At the Trustees. meetin8S, thE Trustees agree their objectives and
areas of artivaty for the Foundation, including consideration of grant
makin& Inve5tmenty re5erve5 and risk m3nagetnent policle5 and
performance.
The FDundation derives its Income from investrnents. It istheTru5tee5'
Inve5trnent policy to accept investrnent advlce from fund rnana8ers
under a discretionary arrangement in order to a£hieve a reasonable
balance between capital grovrth 3Thd income yield. The investment
managers have been instru¢ted not to directly invest in gambling or
tobacco stocks.
A large nurnber of requests for donations are received and
unfcrtunately only a small proportion of these requests czn be

Christopher Laing Foundation A Registered Charity
TRUSTEES, REPORT
at 5 April 2024
Grant Making Pollcv
The Trust Deed states that the Trust funds are to be used exclusively
for charitable purposes at the Trustees, discretlon. The Foundztion
therefore makes donations to a wide and varied number of ch3rities.
The Trustees, priority area5 of Eiving are focussed on Hertfordshire and
oxfordshi￿ and cover..
Re£onstiu¢tion of cornmunitie5 following the Covid-19
pandernic
Youth & Education
Hornelessness
Environmental and conservation work
The Trustees make resular payments to a number of charitable
organlsatlons who afe inwted to apply on an annual ba515.
Achlevements, Public Benefit
and Performance
During the year to S Apri5 2024. the Foundatlon made donattons
totalling £522.$0012023 É432,0961. This includes £35.000 deposited
with the Charlties Aid Foundation 12023 £70.0001. The Trustees
confirm that they have referred to the guidance ¢ontained in the
Charity Q)mmi$5ion'5 general 8uidance on public benefit when setting
their 8rant rn)king policy for the year, in line with the charity's 3ims
aThd objectives.
The Trustees are satisfied that all grants made durin8 the year are for
the benefit of the public and that the benefit of each and every grant
is clearly idenrifiable. A list of grants can be seen in note 7 to the
accounts.
Major donations made durlng the year We￿..
Oxfr*rdshlre Communlty Foundatlon
£200,0￿)
The Tru5tee5 continue to provide core 5UPPOrt to this charity. which
provide5 grass roots support to orBani5ations in the comrnunity.
The Trustees a8reed a further donation of £50,000 each year from
October 2024 with £2S,(MJO of that going to the Thriving Nature
carnpaiEll.
London Air Ambulance
£60,000
The Trustees agreed to provide support to this charity in the purchase
of new helicopters, training pilots and maintenance.
Duke of Édlnburgh's Award
£50,000
The Trustees continue to provide core support to thls charity, which
provides young people with1Sfe changlng opportunitles.
Fletds In Trust
The Trustees continue to provlde core support to this charity, which
proterts green spaces nationwlde.
£50,000
Oxfordshlre Homeless Mo¥ÈmÈnt
£2S,000
The Trustees agreed to provide £25.0(10 to this charity forthe support
of helplng those who are horneless Oxfordshlre.

Christopher Laing Foundation - A Registered Charity
TRUSTEES, REPORT
at 5 April 2024
Financial Review
The Flnancial 5t6ternent5 have been prepared in accordante with the
accountinE policies set out on pages 11 and 12 and comply with the
CharitV5 Trust Deed and applicable law.
Incoming resource5 for the year from inve5tment5 and cash totalled
£478,33612023 £504,413).
There were varlous acquisltions and disposals of Investments during
the year. ThÈ net loss tsn revaluation and disposals of investment
assets amounted to £78,438120231055 £145,6511. The market value
of Inve5trnents at 5 April 2024 was £13.287.40712023 £13,353,669).
The Trustees have considered the financial health of the charity and
the Trustees believe that the ¢haritY* at the date of slgnln& will
continue as a golng concern ftirthe foreseeable future.
Resenfes
At 5 April 2024 unrestritted ￿serveS of E71,361 were carried forward
in accordance with theTru5tees' policy on reserve5, which isto expend
income to the fullest amount each year with any re5erve5 to be used
in the followinB year.
Plans for Future Periods
The Trustees are sat15fied with their grant makin8 prioritie5 and it is
their intention to continue to support a wide and varled number of
charities in zccordance wlth their priorities.

Christopher Laing Foundation - A Registered Charity
TRUSTEES, REPORT
at 5 April 2024
statement of the Trustees, resp¢Asibslities In Te5pert tsf the Itnandal statements
The TTU5tee5 are re5POn5ible for preparing the Report of the Trustees and the flnanclal ststements in accordance with
applicable13w and Unlted Kingdom Generally Accepted Accounting Practice.
The law appllcable to t￿ritIeS in EnBland and Wales, the Charities Act 2011. Charity (Accounts and Reports) Regulatitsn5
2008 and the provision5 of the Trust Deed requires the Trustees to P￿pare flnancial statements for each financial year
which give a true and fair view of the state Of affairs of the eharity 3nd of the Incorning resource5 and application of
resources. including the income and expenditure, of the charity forthat period. In preparing th05efinancial statements.
the Twstees are required to-
select 5ultable accounting policies and then apply them conststently*
observethe methcds and PTlnctple5 in the Charlties SORP..
makelud8ement5 and e5tirnales that are reasonable znd prudenL'
state whether applicable accounting standards have been followed, 5ubjert to any material departure5
disclosed and explained in the finantial ststements,.
prepare the financlal statements on the goin8 concem basis unle55 It 15 inapproprlate to presume that the
Foundatlon will Continue in operation.
The Trustee5 are responsible for keeping proper accountlng records that disrlose with ￿#$￿￿8b¢e a¢¢uracy at any time
the financial position of the Foundation and enable them to ensure that the financial statements comply with the
Charities Act 2011. the Charity (Accounts and Reports) Regulation5 2008 and the prDV15ioll5 of the trust deed. They are
also responsible for safeguard¢ng the assets of the Foundatitsn and hence fortaking reasonable step5 forthe prevention
and detertion of fraud and other irregularitie5.
Approved by the Trustees or*=
Date
and slEned on their behalf by..
Trustee

INDEPENDENT AUDITOR'S REPORT
to theTrusteesof the Christopher Lalng Foundation-A Reglstered Charfjiv
Opinion
We have audited the financial statements of Christopher Laing Found2tion Ith*'charit¢l forthe year ended 5 Aprll 2024
which comprise Statement of Financial Activities. the gelance Sheet and note5 to the financial 5taternents, including significènt
ac<ountin8 policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards. Includlng Financial ReportinE Standard 102 rhe Financial Reportlng Stondord opplicoble in the UK
and Republic of IrelLTnd Iunited KinEdom Generally Accepted Accounting Pracricel.
In our oplnion the financial statements..
give a true and fair view of the state of the charit(5 3ffèirs as at S April 2024. and of Its incoming resources and application
of re50urce5. including Its Income and Èxpenditure, for the yearthen ended..
have been properfy prep2red in a¢cordance with United Kingdom Generally Accepted Accounting Prattice.. and
have beefi prepared In accordance with the requirernents of the Charitles Act 2011.
Basls for oplnlon
WÈ conducted our audit in accordance wlth International St¥ndards on Auditing IUKI IISAS IUKII and applicable 13w. Our
re5ponstbilities underthose Stand￿rdSarefurtherdeScrlbed in theAuditorfs responsibilities fortheauditof thefinancial Statements
Section of our report. We are independent of the charity in accordance with the ethical requirements that are relev8nt to our audit
of the financial statements in the UK, including the FAC'S Ethical Standard, and we have fulfilled our other ethit81 rÈsponsibilities
in accordance wlth these requirernents. We believe that the audit evidence we have obt3ined is sufficient and appropriate io
prowde a basis lor our opinion.
Conclu51ons relating to golng concern
In auditing the financial statements, we have ¢oncluded that the trustees. use of the 8olng concern basis of accounting in the
prep3r3tion of the financial statements 15 appropriate.
Based on the work we have perforrned, we have not 1dentifled any materi¥l uncertainties relètiTr8 to events or conditions that,
individually or collectively, may cast significant doubt on the ¢hèriW5 ability to continue 35 a goinE concern for a period of at least
twelvÈ months from when the financial statements are authori5ed lor issue.
Our re5ponsibilitie5 and the responsibilities of the tru5tee5 Wlth respect to going concern are descrlbed in the relevant sections of
thi5 report.
Other infomiatlon
The other informBtion ¢owprise5 the information included In the trustee5 annual report, other than the fi'n3ncTal 5titement5 artd
our auditorfs report thereon. The trustees are responsible for the othÈr inforrnation contained within the Ènnual ieport. Our
oplnion pn the fin3ncial 5taternents does not cover the Dther inlorrnation and, except to the extent otherwise explicitly stated in
our report. we do not expre55 anyforrn of assurance concluslon thereon.
Our re5pon5ibility is to read the other information and, in doing so, consider whether the other inforrnation 15 material
in¢onslStent with the fin3ncial statement5 or our knowledge obtained in the course of the audit or otherwise appears to be
materially rnisstated. If we identify such material incon51Stencies or èpparent material misstaternents. we are required to
determine whether this gives rise to a material mi5Stoternent in the financial statements themselves. If, based on the workwe have
performed, we conclude that there Is a material mi55taternent of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matter5 on whlth we are required to report by exception
We have nothing to report in respect ol the following matters in relatlon towhich the Charitie5 (Attounts and Reports) Regulatlons
2008 requlre us to report to you If, in our opinlon..
the ¢nformati(Fn given in the financial Statements is InconsSsrent In any matEri?I respert with the tru5tees' report., or
the charity has not kept adequate accounting records.. or
the financial statements are not in a8reement with the èccounting records and returns,. or
we have not received 211 the information and e¥planations we require for our audlt.
Responsibilities of trustee$
A5 explained more fully in the trustees, responsibilities statement. set out on page 5. the trustees are responsible for the
preparation of the financial staternents 3nd for being satlsfied that they give a true and fairview, and for su¢h internal control as
the trustees determine is ne(e554ry to enable the preparation of financial statements that are free from material mlsstatemenL
whether due to fraud or error.
In preparlng thÈ financial statements. the trustees are responsible for asse55ing the charitfs 3bilityto continue as a 80in8 concern,
dls¢losing, as applicable. rnètters related to going concern and using the going concern basis of accounting unless the trustees
elthEr intend to liquidate the charity or to cease opeotion5, or have no realistic alternative but to do so.

Auditorfs re5ponsibllltlesfor the audil of the financial statements
We have been appointed a5 auditor under section 144 of the Charities Act 2011 and report In accordan¢e with regulations made
under seaion 154 of that Act.
Our objectives are to obtain reason3ble a55urance about whether the financial statements as a whole are free from material
misstatement whÈther due to fraud or error, and to issue an auditor's report that includes our opinlon. Reasonable 355urance
is a high level of assuran¢e but is not a guarantee that an audit conducted in accordance with ISAS IUKI w¥ll alway5 detect a
m)teTial mis5tatementwhen st exists. Misstarements £an arise from fraud or error and are considered materi31 rf, individually or
in the aggregate, they could reasonably be expected to influence the economic deci5ion5 of users taken on the basis of these
financial statements.
Irregularltles, includinEfraud, are Instances of non-compliance with laws and regulètlons. We design procedures in line with our
responsibilities, outlined above, to detectmateri31 mi5Statements in respect of irre8ularitie5, includingfraud. Theextent towhich
our procedures are capable of detetting Ir￿gularItieS, including fraud. Is detalled below.
Explanatlon as to what ertent the audit was consldered capable ol detert5ng Irregularitle5, Includln8 fraud
We gained an understanding of the legal and rEgulatory framework applicable to the charity and the environment in which it
operates and considered the risk of acts bythe charity that were contrary to appllcable law5 and regulations, including fraud.
We evaluated management's In¢entive5 and opportunities for fraudulent manipulation of the financial statement5 and the
financial report lintSuding the risk of override of controls), and determined that the principal risks were related to posting
inappropriate entries includinE iournals to overstate revenue or understate expenditure and management bia5 in accounting
estimates.
Audit procedures performed by the engagernent team included-.
discussions with management, includingccn5iderations of known orsuspettÈd instancesof non-cornpliancewith law5 ar
regulations and fraud..
Eaining an understanding of rnanagement's contro15 designed to prevenr and dete¢t irre8ularities,' and
identifying and testingloumal entries.
Because of the inherent IlmitatlOn5 of an audit, there Is a risk that we will not detect all irregularities, includiTrg those leadin8 to
material misstatement in the finantial statements or non-compliance with regulation. This risk increases rhe more that
compliance with a law or regulatlcn 15 rernoved from the events and tran5aCtion5 reflected inthe financial statements, a5 wewill
be less likely to become aw2rÈ of instances of non-compliance. The risk is also greater re8ardin8 irregularities occurrinE due to
fraud rather than error. a5 fraud involves intentional concealment, lorBery* collusion, ornission or misrepresentation.
A further description cf our responsibilities Is available on the Financial Reporting Council's web51te at..
htt
standards-code5-
udit-a5
urance-and*thics
auditor5-res
e-audi
Thls
des¢rlptlon forms part Df curauditorfs report.
Use of our repprt
Thi5 report 15 made solely to the chaiity's trvstees, a5 a body. in accordance with Part 4 of the Charities IA¢¢ount5 and Reportsl
Regulations 2008. Our audit work has been undErtaken SQ that we might stzte to the charitvs trtsstees those rnatters we are
required to State to them in an auditorfs report and for no other purpose. To the fvlle5t extent permitted by law. we do not
accept or assume responsibilityto anyone other than the chzrity and the chariws trustees as a body, for ourauditwork, forthis
report, orfor the opinions we have formed.
Steve Robinson,
Senior StatutoryAuditor
Mercer & Hole LLP Chartered Accountants
72 London Rd, 5t Albans ALI INS
Dote.. 24 January 2024
Mer¢er& Hole LLPis eligible to octus on audittjrin termsof5ection 1212 of the ComponlesAcr 2006.

Christopher Laing Foundation - A Registered Charity
STATEMENTOF FINANCIAL ACTIVITIES
for the year erded 5 April 2024
Total
UnrÈstrlded
Expendable
Endowment
Total
Funds
Income
2024
2023
Note
INCOME AND ENDOWMEMrs
Investments
478.336
478.336
504,413
TOTAL INCOME
478.336
478,336
504.413
PÉNDITURE
C05t cf r3i5ing funds
Charrtable activities
49.461
49.461
554.596
49,530
554,596
458,868
TOTAL EXPENDITURE
49,461
554.596
604.OS7
508,398
INCOMEIIEXPENDITUREI BEFORE GAINS
AND LOSSES ON INVESTMENTS
149.4611
176,2601
1125.7211
13,9851
Gainslllossesl on revaluatlon of investment assets 8
178.4381
178.4381
1145,6511
INCOMEIIEXPENDITUREI AFfERGAINS
AND LOSSES ON INVESTMENTS
1127.8991
176.Z601
1204.IS91
1149,6361
TRANSFER BETWEEN FUNDS
NET MOVEMENT IN FUNDS
1127.8991
176.2601
1204,1591
1149,6361
FUND BALANCES BROUGHT FORWARD
13.334.711
147.621
13,482,332
13,631.968
FUND BALANCES CARRIED FORWARD
13.206.812
71.361
13,278,173
13,4B2.332
The Statement of Financial ActMt¢e5 includes all 83in5 and1055es reco8nlsed in the year.

Christopher Laing Foundation - A Registered Charity
BALANCE SHEET
as at 5 April 2024
2024
2023
Note
FIXED ASSETS
Investments
13.332.489
13,460,151
13,332.489
13.460,151
CURRENT A5SEts
Oebtor
Cash at bank
10,380
122.817
7.297
70.192
133.197
187.5131
77,489
155,3081
LIABILITIES: amounts talling due wlthln one year
io
N￿CuRRENT ASSETS
45,684
21181
Provision for118bilities and charges
li
iioo.0001
154,3161
22.181
NET ASSETS
13.278.173
13.482,332
RepTesenting'.
UNRESTRICTED FUNDS
Expendable endowment
12
13,206,812
13,334.711
Undi5tributed income
12
71,361
147,621
TOTAL CHARITY FUNDS
13,278.173
13,482.332
Approved by thETrustee5 on-
Date
and Signed on their beh31f bv..
Trustee

Christopher Laing Foundation A Registered Charity
STATEMENT OF CASHFLOWS
for thè year ended 5 April 2024
2024
2023
Note
Cash flows from operating activities:
Net cash provlded by (used In) operatlng actlvltles
14
1474.9351
1597,9791
Cash flows from Investln8 artivltles..
Investment income
Proceeds frarn sale of Tnve5tment5
478.336
1,497.052
11.509,2281
504.413
1,057.268
11,226.5131
Purch35e of investments
Net cash provlded by (used Inl Investln8 tctlvltles
466.160
335.168
Change In ta$h and cash equi¥alents in the year
Cash and cash equivalents at the beginning of the year
18.7751
176.674
1262,8111
439,485
Cash and cash equlvalents atthe ertd of the yÈar
167.899
176,674
Represented by..
Czsh held within the investment portfolio
Cash at bank
45.082
122,817
106,482
70,192
167,899
176.674
As the trust has no borrowinEs, rFo analysi5 of net debt is included in these financial ststernents.

Christopher Laing Foundation A Registered Charity
NOTES TO THE FINANCIAL STATEMENTS
at S April 2024
ACCOUNTING POLICIES
The princip21 a¢couThtinE policies adopted are as follows..
al Bas15 of preparation and assessment of golrtg ¢onrern
The financial statements have been prepared in accordance with Accountlngand ReportlnE by Charitles.. Statement
of Recommended Practice IFRS 1021 and update 8ulletins l and 2, and the Charities Art 2011 and applicable
regulations.
The finantial 5taternents have been prepared under the historical Cost convention, modified to include the
revaluation ol fi'xed asset investments. The charity constitutes a publlc benefit eatity a5 defined by FR5 102.
The Trustees have considered the financial health of thÈ tharsty and the Trustees believe that the f harity, at the
date of signin& will wntinue as a going concern for the foreseeable future.
bl Fund strurture
The expendable endowment represent5 the funds settled originally by the se￿Or and funds added from the
Estate of the Settlor's farher and the Trustees are permitted to apply the endowment as though It were income.
Income is to be used for charitsble purposes onlv.
I Income reco8nltlon
All income is recogni5ed once the chartty has entitlement to the income. there Is sufficient certainty of receipt
and so It is probable that the income will be received, and the amount of income receivable can be measured
Interest on funds held is included upon notification of the interesr paid or payable. Dividends are recoEnised
once the dividend has been declared and notification has been received of the dividend due. Credlt is taken i
the accounts for Income tsx deducted from investment Income which has or will be reclaimed from H M Revenue
& Customs up to 5 Aprll 2024.
Income from donatlon5 and legacie5 is recognised as it Is ie¢eived by the Trustees.
dl Expenditure recognltlon
Llabilities are reco8nised as expendltvre as Soon as there is a legal or constructrve obli84tion committing the
charity to the expenditure, ￿ Is probable that settlement will be required and the arnount cf the obligation can be
measured reliably.
All expenditure is accounted for on an accruals basis and has been ¢la$sified under headings that 388regate all
costs related to the category.
Single or multl-year grants are accounted for when either the recipient has a reasonable expettation that they
will recenie a grant and the Trustees have agreed to pay the grant without conditlon. or the ¥ecipient has a
reason2ble expectation that they wlll receive a grant and any condition attached to the grant 15 Outside the
control of thE charity.
el Allocation ofgoveman¢e and support Costs
Support costs have been allocared between charitable activ5tles and governance. Support cost5 relating to
£haritable activities have been apportioned b4sed on the estimated time spent by the prcfe5sional advisers
ernployed in the adminlstration of donations. The allocation of support Costs is analy5ed in note 5.
Governance costs comprise all costs involving the public actountability of the charity and its compliance with
reBulation and good practice. These costs include costs rÈlated to the audit of the financial statements and
zccountancy charges togetherwith an apportionment of support ¢05ts.
fj Cost of ralslnE funds
The cost of generatlnc funds cornprises the Investment manager5, charges.

Christopher Laing Foundation A Registered Charity
NOTES TO THE FINANCIALSTATEMENTS
at 5 April 2024
ACCOUNTING POLICIE5- ¢ont¥nued
gl Charltable adivffitlÈs
Costs 01 charitable activities include Eronts made in the year and an apportionment of governance and support
costs as shown in note 4.
hl Flxed asset Investments
Listed inve5trnents are valued in the Balance Sheet at market value. Unlisted invÈ5tments are Included at the
Trustee5' estimate of market vèlue. The net 8ainll10551 on revaluation and disposal of inve5tment5 is shown In
the Statement Df Flnancial Attivlties.
11 Reallsed gains and losses
All gains and losses are taken to the Statement of Financial Activitles a5 they arise. Re31ised sain5 and losses on
invÈsttnent5 are calculated as the diffEfence between sales procped5 and their opening carrying value or their
pur£ha5e value if acquired on or subsequent ta the first day of the financial year. Unrealised gains and losses ire
calculated as the difference between the fairvalue at the year end 3nd their carrying vHlue. Realised and
unre3lised investment gains and losses ère combined in the Statement of Financial Activitie5.
Il Foreign exchange
Transactions denominated in foreign £UTrencies ère recorded at the rate of exchange ruling at the date of the
transactions. Mon@tary assÈts and liabilities denominated In foreign currencies are translèted into 5terlin8 atyeJr-
end rates and translation difference5 are t3ken to the Statement of Fin3ncial Artivitios.
kl Currency
The financial st4ternents are prÈpared in sterlin& whith is the funttional ¢urrency of the charity. Monetary
amounts in these fin3nci31 statements are rounded to the nearest £.
11 C45h cash equivalents
Cash at bank and cash in hand includesca5h and Short term hiEhly liquid inve5tment5 Wlth a Short m•turity of three
rnonths or less from the date of acqussition or openlng of the deposr( or simllar account.
INCOME AND ENDOWMENrs
2024
Total
Z023
Total
Unlisted
Llsted
Investment in¢ome
Investment income from assets
in the UK
outside the UK
Less non-recoverable tax credits
166,041
198,310
126,580
118,0231
364.351
126,580
118,0231
366,231
151.067
115.1341
166.041
306,867
472,908
502,164
Deposit interest
5,428
2,249
478.336
504.413
COSTOF RAISING FUNDS
2024
2023
Invesrment rnanagers, chèrge$
49.461
49,530

Christopher Laing Foundation - A Registered Charity
NOTES TO THE FINANCIALSTATEMENTS
at 5 April 2024
ANALYSIS OF CHARITABLE ACTlVtTIE5
Thecharity undertakes its charitable aCt￿tleSthr0Ughzrant rnakingand awarded grantsto a numberof instltutions
in furtherance of its charitable objectives.
2024
2023
Grantfunded activity
Support costs
522,500
6.910
25.186
432,096
5,696
21.076
charitable actNities (note 51
8overnance costs InotÈ 61
554,596
458.868
A detailed analysis of grant5 3warded durln8 the year is given in note 7.
ALLOCATION OF SUPPORYCOST5
Support Costs were allocated between charitable activities and governance as shown below..
Total
Allocated
Charitable
C05tTrpe
Artlvitle5
Governance
8a$ls of Apportlonmefit
General trust administration
17,274
6.910
10,364
Tin7e of professlonal adw5er5
GOVERNANCE COSTS
Expendable
Endowment
Total
2024
Total
20Z3
Income
Auditors, remuneration
fjeneral trust administratio
Accountancy services
Bank charges
Web51te Fees
Sundry expense5
4.260
10.364
9,717
420
4,260
10.364
9.717
420
4.080
8.543
8,009
409
390
390
35
35
35
25,186
25.186
21,076
The Trustees recelved no remuneration or expenses In ￿SpeCt of their seryices12023- £NIII.

Christopher Laing Foundation A Registered Charity
NOTES TO THE FINANCIALSTATEMENTS
at 5 Aprll 2024
ANALYSIS OF CHARITABLE EXPÉNDITURE
The charity awarded crants to a nLsmber of institutions in furtheTan¢e tsf Its charltable activities which are
summarisÈd as follows..
2024
2023
Child and Youth
Cultural and Environmental
55.000
50.000
382.500
35.000
55,WQ
80,000
227,096
70.oao
Other
li
15
Charities Ald Foundation
522.500
432,096
Detalls of the institutions ère as follows..
DONATIONSTO REGISTERED CHARITIES
Child and Youth
Duke of Edinburgh's Award
Oxftsrdshire Youth
S0,OOD
55,000
Cultural and Environmerrtal
Fields in Trust INatiana1 Playing Fields Associetionl121
50,000
50.000
Other
The Bradfield Foundation
2,500
5.000
25,000
5,000
5.000
The Tirn Henman Foundation121
The Chiltern Centre
Henley Festival Trust
Lhtle Green Pi6
London Air Ambulance121
National Emereencies frust
Oxfordshire Communty Foundation
Oxfordshire Homeless Movement
60,000
25,000
200.000
25,000
10,000
20.000
RAW Workshop
Sue Ryder
382.500
TOTAL DONATIONSTO REGISTERED CHARlnES
CHARITIESAID KIUNDATION
35.000
TOTALDONATIONS FOR THE YEAR
522,500

Christopher Laing Foundation A Registered Charity
NOTES TO THE FINANCIAL STATEMENTS
at 5 April 2024
ANALYSIS OF CHARITABLE LXPENDtTURE. continued
CHARITIESAID FOUNDATION
Balance held a5 at 6 April 2023
Payments to Charlties Aid Foundation
CAF Admlnistration Charge (including VAn
Grants p8ld
20,498
35,000
12,47SI
146,4SOI
Balance a5 at 5 April 2024
6,573
A sample of Erants to Institutlons of £l.000 and over Isglven below:
Chlld and Youth
East Anglia's Children's Hospices121
Quest for Learning121
The Prlnces Trust
1,000
2,000
1,000
Medital REseaTth
The Institute Df Cancer Reseaich
Soclal Welfare
Be F￿e Young Carers Ltd
8ritish Wheelchair Sport5 Foundation Ltd
Hearing Dogs forthe Deaf
Horne Start Southern Oxfordshlre
Hospice of St Francis (Berkhamstedl Ltd
Isabel Hospice
Macmillan Cancer Support121
Maggie's Keswick Jencks Cancer Carlng Cefitre$ Tiust
My Name's Doddie
Rennie Grove Hospice Care121
Thame5 Hospice
1.000
1,000
1.000
1.000
1,000
1,000
i.soo
1.000
1.250
i.ioo
1.000
16,8SO
Related Pa
Transartlons
The trustees made a one-off donation of £25.000 to The Chiltern Centre. a re8lstered charlty. ChrTrstophEr Lain8 is
patron of The Chiltern Centre.

Christopher Laing Foundation - A Registered Charity
NOTES TO THE FINANCIALSTATEMENTS
at 5 Aprll 2024
FIXED A55ET INVESTMENTS
Un4UtstÈd
Investments
Tru5tees'
Cash held
whhln the
Quoted
Investment
Total
Name5
Investments
Portfolio
Z024
Market value at 5 April 2023
Disposal proceeds
Add.. acquisltions at tost
Investment galns/llossÈsl
Movements in cash
4.635.798
8.717.871
11,497.0531
1,509.228
203,609
106.482
13,460,151
11,497,052>
1,509.128
178.4381
161.4Tr)1
1282,0471
161,4001
Market value at 5 Aprll 2024
4,353,751
8.933.656
45,082
13,332.489
Historical cost at 5 April 2024
1.819,272
7.130.455
8.949.727
Flitttsrical cost at 5 April 2023
1.819,272
7.031.524
8.850,796
Unquoted
Investments
Cash held
wlthin the
Trustee5'
Qtsot¢d
Investment
Investment
Total
Names
Portfolio
20Z4
Investment assets in the UK
4.353.751
4,589,703
4,343,953
45.082
8.988.536
Investment assets Outslde the UK
4,343,953
4.353.751
8,933.656
45,082
13.332.489
The J M Finn & Co portfollo iftcludes an Investment made in M&G Investment Managemerft Limlted made
on behalf of the Trustees during the year ended 5 April 2010. on a non-discretionary basis.
The following itwestments comprlse rn0￿ than 5% of the value of investment gortFollo'.
Name
Holding
Market Value
Eskmulr Properties Itd
The Diver5if¢ed Property Fund for Charities
217,616 ordinary 5hare5 of £1
1.351.175 units
E2,511,289
El.842,462
Christopher Laing, a Trustee. Is Chairman of Eskmulr Properties Ltd. The Dlversifled Property Fund for Charitie5 15
managed by Eskmuir Propertles Ltd.
The market value of the unquoted investments. Eskmuir Properties Ltd and The Dlvelslfled Property Fund for
Charities, have been calculated using the estlmated market values provided to the frustees at 30 September
2023 of £11.54 per share, and at 31 March 2024 of £1.3636 per sha￿, respectivelv.

Christopher Laing Foundation - A Registered Charity
NOTES TO THE FINANCIALSTATEMENTS
at 5 April 2024
CURRENT ASSÈTS
2024
2023
Debtors
Income tax recoverable
10.380
7,297
10,380
7.297
Bank balance5
C Hoare & Co
Broker5, income accounts
Vermeer
JM Finn
103.325
49.275
19.237
255
20,918
122.817
70,192
10. UABILITIES- AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Auditors
5,640
22,436
9,437
4.080
17,029
9.199
25,OLKI
Accountants
Investment managers
Grants
- St Lawrence College 2nd of 2
Qxford5hire Comrnunity Foundation 1st of 3
SO.OOD
87.513
55,308
11. PROVISION FOR LIABILITIES AND CHARGES
1024
2023
Grants
Oxfordshire Community Foundation 2nd & 3rd of 3
IDO,000
ioo,ocK)
12. UNRESTRICTED FUNDS
Unrestricted funds at 5 April 2024 comprise the followin8-.
Expendable
Endowment
Undistributed
Income
Total
2024
Total
2023
Inve5rmeAts
Debtors
Cash
Creditor5
13,332.489
13.332,489
10.380
122,817
1187,5131
13,353.669
7,297
176,674
155,3081
10,380
239,057
1178,0761
1116.2401
19,4371
13,206,812
7L361
13.278.173
13,482.332

Christopher Laing Foundation - A Registered Charity
NOTES TO THE FINANCIALSTATEMENTS
at S April 2024
IS. VOLU14TEERS
Otherthan the Trustees, the Foundation retÈives no Contribu￿0￿ from volunteers.
14. RECONCILIATION OF MOVEMENTS IN f UNDSTO NETCASH FLOW FROM OPERATING ACTIVITIES
Z024
2023
Net movernent in funds las perthe Statement of Financial Attivftiesl
(Gainslllosses on investments shown in investing activitie5
Dedutt investment income shown in investing actwltles
Ilncreaselldecrease in debtors
Increa5e/ldecrea5el in creditor5
1204.IS91
78,438
1478.3361
13,0831
132.205
1149.6361
145.651
1504,4131
12,1881
187.2931
Net cash provided by lused inl oper3tin8 aCtNitie5
1474,9351
1597,9791