LAUCHENTILLY CHARITABLE FOIINDATION ANNUALREPORT AND FINANCIAL STATEMENTS FOR THE YEAR EIYDED 5 APRIL 2025
LAUCHENTILLY CHARrrABLE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 TruStee'sADnU R¢pJrt Stotem¢nt of Finan¢ialActivities BA]ance Sheet SChule of Inv¢sttn¢tLts atml Incom¢ Notes to theFiDanci81 S¢atrmffli$ 9-13
LAUCHENTILLY CHARITABLE FOUNDATION TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trusi¢¢ Is pleased to present its wort tog&hw with the finan¢i&l statcmcnts of the charity for the year ended 5 ApTiI 2025. Th¢ fJn8llJcial Stateme1 hav¢ been prepared in accordance with the accounting poliGi¢s 5¢t out in tk notes to the financial statements 8nd comply with th¢ charity's gtsvcrning document. the Charitics Act 2011 and Accounting and Rewrting by Charities.. Sialement of Recommended Pctice applicable to ch8riti¢s preptring their accounts in accordarttt with the FiThancia] Rwrting Stsndard appltcable in the UK and R¢publi¢ of Ireland published in Oc¢ob¢r 2019. Obje¢tfv¢$ Ind •ctlvities The Twst¢e may pthy or apply the wirtstricted capital and incom¢ of the Charity lo or for such charitable instiftrtions or purw>5es as the Trustee in its absolute di$¢rdi(pn ¢hink8 fIt. The Trustee wries ou¢ ihese objectives by regularly consideruw appeaJ$ from othET dwiiie5 and making policy and fimdithg deci5lOW. Pmblie BeDeffit Th¢ Trustee confirnu ih8t it has ¢omplied with the duty in section 17 of the Charitie5 AGt 2011ad has refetred to the guidan¢¢ contained in ihe Chgrity Commission's general guidance on public iefit when reviewing the Charitys aims and objective5 in planning future activities and Xtting the donations policy for the year. The benefit that arises is the provision of funding to org&Tiis#tion5 th&t d&nowtrate charitable pwyos¢. AchStvettLents aod perfornallce During thc year the Trustee mad¢ grall¢s totaIling £26.523 12024.. £7,616] in fi]rtber8nce of its objtttives and continue8 to makc grants to charitable organisations knth on a one-off and recurring basis. The larger wts awarded during the yw art stabj in the notes w the fin9ClaI statem¢nts. Th¢ Trustee is ple8se4 with the pro8res8 mode in thc fjnancial ye4r ended 5 April 2025 and looks fcThard w ¢xp3nding its work with oth¢r¢hwi1i in the years to com Fln¥4ttcial review The Tntee rccciwtd £15,050 in investment inwme in the current year12024.. £143871 and the Tru$te¢ has 8¢hi¢v¢d its intention of snding the income on charitable artivitie$. Net incoming rcsourn for the year were £130,65312024.. outgoing £3.3181. In addition the Trust realised a gain on invutroents of £7,48012024: gain £157,196] and made an unreali5ed losy of £47.86612024.. 105s £66.213]. The net incomin8 ]novcrncnt on funds was £90.26712024'. incoming £87.0651. Inv*sto)¢nt policy Th¢ Truste hos instn]cted the lrtvestent Manager that thc portcolio is to be invest kn produce a suitsble mixture of in¢om¢ in ordw that th¢ level of may be tnaintained and ¢apitsl growth to secwe the futur¢ of the Charity over thc coming yettr5. The Tn]5tee 1$ confident the firture in¢ome Streth is secur¢. The investment poli¢y is Onitored by r¢gular investm¢ni reFths meetirlgs with the Investment Monag¢r. A breakdown of the invesknents held during the financial yeended S April 2025 ran be seen on pag¢ 8. Ruk Manigement The major risks io which the Charity 18 ex1&ed have Ixen id¢ntified and steps tak¢n ¢0 mitigatc those risks. Th¢ maiT) riskto the Charity ¢oncErn5 thc investments hel¢1 The Trustee mitigated thi5 risk by engaging Cazenove Capital to I]w8¢ the inVeSentS 8nd monitor th¢ Wprtfolio financial risks to the Charity. Thc Trustr¢ regul&ly T¢view5 the valuation of investments atMI thc income streatn g¢nerate(L The Trustee has $iSfied its¢lf that th¢ trust is a going concem and h85 adequate resources to cthtinu¢ in opttational existence for the foreseeable fithire. The chatitable activities are fided by the investment F¥)rtfolio and although Covid-19 did have a negative imparton the w)rtfolio has recow¢r¢d with suffjcient value to 5UPPOrt continued 8fdTht makin&
LAUCHENfiLLY CHARITABLE FOUNDATION TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 Rtsetves polley It 18 the intcntion of the Trustee to Sustsin the u[trIcted fimds 4¢ a level whicb will provid¢ suffi¢i¢ni for the level of paid 8JLd to cfjver the Charity's managcment and administration (x)sts. At the Balart¢¢ SIK¢t datc the unrestrictcd rEServes amounted ¢0 £l.110,909. Fyture The Trgle¢ doES noi envis&8e any materiaj change to the operation of the Charity in th¢ long-term and the invcstments will ¢orttinue to be managed on a 5LInilar b&8is ¥ they are now. Notwithstanding this. thr Trustee r¢mairn flexible in ternis of the type of orgdnis8ti(pns it supports. Strnttxre governanee aDd m8Dag•men¢ The Trust charitable sthtus and w&8 set up by Mirond& Countess of Ive8gh by Detyj d8ted 6 April 1988. Th¢ Thanagement of the Charity 1$ vcsted in the Trustee and they actively review PCTrcived major risk8 which the Charity face5 aJKi the TrStee is satisfied thatthe $yst¢ms in place to mitiR8te those risks. The Tnlet has rC]Ved appropriate bTlefing on its responsibilitics under the law relating to Clties and its duty to Ensure that its ciwitable activitics ar¢ for the publi¢ benefit. The appointtn¢nt of n¢w tru8t¢CS 18 vested in the Tnjste in place at the time of th¢ app)in¢menL The selection of firture tnLStces will have rcgard to th¢ skilL8, knowledg¢ and experience needed for tbe effe¢tiv¢ admirti$tration of the Charity. Induction and training for tr¢5 is provided wheff r¢levanL R¢t¢r¢N¢¢ ODd dmiDiitrAtiv¢ Informatio A re8iStetrd ¢h8fity* rc8iStered with the Charity Commi8sioners for England aThd Waks as nthnber 299793. Principal oifI¢e'. 4th Fl(M>r. 7 Swallow Street Lon(bn WIB4DE The Trustee 13 CowdTay Trust Limite4L The DirectOTS of Cow¢troy Trust Limited or¢: Th¢ Hon H M T Gibson {ChaiThian) Th¢ VLSCOUllt Cowdray (ReSid 12 March 2025) The Hort C APeaTson The Hon P N Cib50n The Hon B C Gurdon MrJRESmtth Mr R C P Troughtw (R¢5igned 13 June 20241 Ms S J Burrell Mr S JAtkitwn Mr8 F A Rice Mr M P Harris Mr K Wright Mrs CABullough {Appoint¢d 30 August 2024) The Hon PJ D Pe8Json (App)int¢d 14 M&y 2025) Soli¢itors'. Currcy & Co LLP 33 QueenAnne Street Londo WIG9HY
IAUCHENTILLY CHARITABLE FOUNDATION TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 rnd¢pendott Examiner. Harriet Ser8eo Shaw Gibbs {Audii) LimSte4J 25 St Thorn Street S023 9HI Banker.. Royal of Scotlw 119- 121 Vjthia Strect London SWIE6PA Schroder & Co l London Wojl Place IA)ndon EC2Y SAU Investm¢nt Manager.. Cazenov¢ Capital l Londott W[ Place London EC2Y 3AU
LAUCHENfiLLY CHARITABLE FOUNDATION TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 StatemeDt of Truste'$ Rsponslbilitl¢$ The Trustee is r¢snsIble for preparing the Trustee'5 Rem and the finan¢ia] Statements in aeeordance with appli¢Able law and rc8ulations. The law applicabl¢ w ChilleS in England and Wales requir¢s the tTWtee to prcpare financiaj statement5 for cach financial year in accordance with United Ktngdom GerallY A¢¢¢pted Accounting Practice (United Kirtgdorn Accountin8 Standards and applic8bl¢ regulations). Under that law the trustee tnu3t no¢ approve the financiol $tsments unless it 15 satisfied th8t they giv¢ a Ino and fair view of the slate of affairs of the charity and of the incoming SOurCeS and application of WUTCe5 of the charity forthat rKriod. In preparing these financial sthtwjents the tn]si¢¢ is required to: select 8Uitable &¢u>unting p>licies and then apply them eonsistcntly - observe th¢ tnethods and principle$ in the Charities SORP (FRS 102)" - make judgements 8nd acts)unting estimates that ar¢ aSonable and prude - slate whether appli¢8bl¢ accountin8 standards have Fen blloived, subject to any matcriai departur¢s di5G105¢d explained in thc finartciaI statrmcnts" and - pryare the financial Stat¢m¢r on the80in8 concrm basis unless tt 18 iJJapprowia to pUme thatthe ch&rity will conunue in business. The Trusts¢ 18 resN)nsible for ke4¥ing adcquate a¢Uting record5 which are suffi¢ien¢ to $W and explain the ¢h8riW$ transaction$ and disclose with reasonable aceuracy at any time the financi FX)Sition of the thoJity and ¢nablc thcm to ensute that the financial statcmejjts tomply with the Clwities Act 2011, th¢ Ch8ritie5 (Accounts and Reports) RegulaiTOll$ 2(KJ8 and the PTOVi5ions of the Tnjst Deed. It is $0 responsible for safeguarding thc Sets of the charity andhen¢e for taking reasonable steps for the prevention and detection of fraud other iryeguiaritbcs. Approved by the TnL8tee on 3010112026 attd s[ed on its b¢hoif by.. CowdNyTr•st Limited D1ctOr
LAUCHENTILLY CHARTTABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR EIYDED 5 APRIL 2025 I ryn to the charity bustee on my cxamination of the fman¢ia] statanents of the dwity for the year ¢nd¢d 5 April 2025 which are set out on pages 6-13. RtSPODslblllties #nd ba81s of ftport As the charity's trustee you are restK)n$ible for the pr¢p8Jation of the fYwla1 staknents in accordw with the requnet of the chariti¢$A 2011 {IheAct'). I r¢p)rt in respect of my examination of the charity's fJnan¢ial statem¢nts ¢8yried out under section 145 of ihe A¢t #t in carrying out my examin&ion I have followed aIl th¢ 8ppli¢ablc direct10t given by the Charity Commission Ujer Section 145(5Mb) of th¢ Act. Imd¢p•nd¢t txaminer's sts¢ement I have completed my examllwio]L I confirm that no material matt¢rs have come to my attthtion in connection with the examittion giving me cauqe to believe that in any material respect.. a¢countin8 records were not kept in rcspcct of the chlty a5 requir¢d by $ertion 130 of theAa' or the firncIal statement5 do not accord with those rrfords,. or the financial Btatements do not compty with the applicable requirements ¢0ming thc form and content tsf financial siatements set out in the Charities {AccountS and R¢wrts) Regul10$ 2008 other than any requirement that the flnancial 5tatemenrs WVE a'ttu¢ fairview which is noi a Matt considered as part of an indepethdeot examinatio I v¢ no Cotr[L$ 8nd have Come across no other matters in conTL¢Ctton with th¢ exojnination to whi¢h att¢ntion slx>utd Et thwn in ¢hL5 rerM)rt in ord¢r to enabl¢ a Proper uThderstÉnding of the fjnanciai statetncnts to be rhe Harriet Sergeant Shaw Gibbs (Audit) Limit¢d 25 St Thom&8 Street Winchest¢r Hampshire S023 9HJ
LAUCHENTILLY CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 5 APRIL 2025 2025 Ullrtstrbtd funds 2025 2024 Prlorye*r totsl fuDds Nots ds Ivome from.. Donations and legleS Investsnenis 153,150 15,050 153.150 15,050 14.387 Totsl 168,200 168.2C4) 14,387 Expendltllre om: Raisin8 fvnd8 Charitable a¢tlVitic3 364 37,183 364 37,183 331 17,374 Total 37,547 37,547 17,705 N¢t lTr¢om¢l(expendititM) 130,653 130,653 (3,318) Other rewlsed gAiNsI{1085ts1'. Gainsl(1055ts) on inVllent assets 12 (40.386} 140,386) 90.983 N•t mov¢th¢t ID fuRdJ 90,267 90267 87.665 Reconclliatlon of fuDds: Totsj fjJnd5 brou8ht forward 16 1.020,642 1,020,642 932,977 Totsl carriÈd forY4ard 1,110,909 ,1 ia.909 1.020.642
LAUCHENfILLY CHARITABLE FOUNDATION BALANCE SHEET AS AT 5 APRIL 2025 Note 2024 Tot41 funds Prioryear funds xedAssets.. Tangible w¢ts Jnveststtents li 12 153.150 944,802 1.003,642 Tolal Flxtyj Assets 1.097.952 1,003.642 CUneA$sets. Cash at tlJk 13 14,457 19,783 Totsl CrymDtAs8tts 14,457 19.783 Lffiabill¢l¢g: Creditors:AmouTLts failll)8 due within onc year 14 {1.5> (2,783) r4rt CurreTrtkntts or LiAbili(k& 12,957 17,(KlO Totsl NetAss¢ts OT Uabithlo8 1,110. ,020,642 The of tbe Charity: 16 1.110,909 1,020,642 Total Cbarfty FuMd$ 1.110,909 1.020.642 Approved by th¢ Tnth on 3010112026 and signed on its behalf by.. Cowdr•yTrust Limlt¢ Dirtetor
LAUCHENflLLY CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Sttstory Infomatlo Lau¢hentilly Charitable FoundatTon 15 a registered charity. 11)e regi5terEd number al prinetpaj office th$s ¢8n be found in the Report of the Trust¢ds. Accoynting PolieiÈ5 ) Basis of fiuineial ststsmellts ptYp4r4tloD The fJnan¢iat ststements of th¢ ¢hariry, which i5 a public benefit entity, have been Prepared in aCcordce with the Charili SORP (FRS 102) 'Accounting and Rwrting by Charities: Sthiement of R0mended Practice applicable w chorities pr¢Png their accounts in accordance with the Fin0n¢1 ReFQrting Standard applicable in the UK atkl Republic of Ireld {FRS 1021 l¢ffeciive l January 20191., th¢ Finan¢i81 Reporting Standard applicable in the United Kingdom 8llJd Republic of Irel8nd (FRS 102) and the Charities Act 2011. The financial statem¢nts hav¢ b¢¢n preped urLd¢r tht historical e ¢onventio The fin181 Statements have been prepared to wve a Irue and fairf view and have departed from the Chariti¢$ (A¢¢ot$ tKi Reports) R¢gulations 2008 only to the extent required to provide a Irue and fail view. This dwarture h85 involved following Accounting and Reporting by Charities preparing their aw)unts in accordance wilh the FinallGiai Rerx>rtin8 Stgndard Applicable in the UK 8nd Republic of Ireland IFRS 1021 issued in Othbcr 2019 rather than the Accountin8 and R¢p)rtin8 by Chariite8.' S¢at¢tn¢nt of Recommended Pra¢ti¢e eff¢¢tive from l April 2005 which has since been removed. The Tnee eonsiders that there are no mari8] vnctrtaimies about the TnL8t's ability to ¢otttinu¢ as agoing ¢onGcrn. b) N•tsrÈ of fuDds All fi]nds hcld are unrestricted and the Trusiee is free to usc them in ordance with th¢ ¢h&itablt objects. Flxed asset lllv¢s¢Thents Invcstmenrs are stated It market vu£ f4t the Ba]ance Sheet date. Overseas invr5tm¢nts arc translated into sterlin8 at the ratrs ruling the year en(L The s¢¢Ent ofFinancial Activitiu (SOFA) includes the net gains and losses on revaluation and disph)sa]s thToughout the year. d) Inoom¢ Income is recoglli5ed in the SOFA once the chArity h&8 ¢ntiilement to th¢ fund5, it ts probablt that the in¢ome wrll be received and the amount ¢an be tne&%ured ttliably. Expendityrt Li8bilities &e recolSed as expenditure 8s soon there is a lega] or constsuctive obligation canmitting th¢ charity to that expcnditur4 it is probable that a transfer of nole benefits will be Jwuired in settlement •JLd the amount of the tsbligation can be measured reliably. Exrthditure is acLounted for on att at¢ru$ basi5 and h&8 been classified und¢r headings tIMt aggregatr all costs r¢lated io that cate80ry. Where costs cBnnot be dIrtlY attributcd to particular heading4 they hav¢ Fen allocated to activitie5 on a basis consistent with th¢ use tsf ruources. Chiritable grAnts Gtts w&ble arc re£X)istd in the SOFA when they ar¢ approved by the TNstee atMI th¢ r¢¢ipi¢nt has be¢n infornled of the amount to be pai(L
LAUCHENTILLY CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 5 APRIL 2025 IcontiNedl Foreip currencies Trarysa¢tion8 denominated in a fo1 Currency Ire translated into swling at the rate of exclnge rUIti at the date of the transaction. At the Balan Shcet datt monettry assets aJLd liabilities denominated in a foreign curr¢n¢y are troThslgI the rate Nling at that date. All exchange difference$ are dealt with in the SOFA. b) Irre¢ov¢rble VAT ITrecoverdble VAT is written off to the $8m¢ ¢xwse catrgory in which the acthat ¢xdIttr¢ in¢urr¢d Remunera¢iTrn of Thlgtees In the financial ycar to 5 April 2025 the Trustee did not Te]ve any remuneration or have its expenses reimbursed by th¢ Charity. Cowdray TTUStLimited char8ed administration expenses of £7.17512024.. £5,375]. DonxtiOn8 glld legatles 2025 2024 Capital addition. Library of knoks 153,150 153.150 IILve8tmeDt income 2025 2024 Income from investrnujts Dwsit iJ]ter¢st 15.031 19 14387 15.050 14,387 Exp¢ndltur¢ raising fvmds 2025 2024 Investmeni management fees 364 331 364 331 ChritAble *ctfvltS Direct Costs Spport costs {se¢ Dots 8) {see Dote 9) 2025 Totsl 2024 T•tal Charit8bl¢ expendittw¢ 26,523 10.660 37,183 17.374 10-
LAUCHENTILLY CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Icontinuedl The CILaTity ndertOOk dire¢t charitable activitie$ but award gTants to a numtcr of institutiorns in filrtherat of its haritable objectiv¢$. Thes¢ aT¢ as follows.. The Iveagh Trust St Patri¢k'$ Cathedr M8rsh's Library UCAN GrBmpian 14,663 6,465 3,895 1.250 26,273 250 Othw (equal to or individually le55 than £250) Totsl fortht ytr 26J23 Aalysis of ivants m*d¢ Gr•nts to $¢h¥tlotts Grants to Imdividuajs Thtal Advarttefflent of health or the saving of ILV¢S AdvCeMent of th¢ 0rt4 culture. heritag¢ or s¢ien¢¢ Relief of thos¢ in need, by reason of yollth, ag4 ill-hedlth, disability, financial h8Jd$hip oroth¢r di8advant88e Any oth¢r ¢hl¢&ble purposes 1,250 10.360 1,250 10,360 14.663 250 14,663 250 26.523 26,523 Support costs 2025 Athninistration expenses Curw & Co frcs Bank charge5 Ae8is Hrritsg¢ Service5 Portfolio Si¢wardship fres 7,175 2,556 5,375 3,936 440 486 10,660 9,758 DlThg the yw administration expen$¢s of £7.175 w¢r¢ Charged by Cowdray Trust Limited {trtee}. The amount of £935 plus VAT was char8ed by Shw Gibb5 {Auditl Limited for the Independent Examination of th¢s¢ Finon¢ial stat¢tnt5. 10 Staff costs There 2re no empk>y¢es so consequently no stsff costs have been incujye f1
LAUCHENTILLY CHAIUTABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR TItE YEAR ENDED 5 APIUL 2025 Icontintsedl li TaAgible •ss¢ts 2025 2024 Books on loan to The Naiionai TTU5t for Scot]and 153.150 153,150 By a Loan In Agreement dated 3 September 2024 Cowdray Ttusi Limited Itsed a ¢olle¢tion of book5 to The National Tnt for Scoiiand to be displayed at Castle Fras¢r. Th¢ period of loan is fjve years from 17 October 2023 to 16 Octob 2028. with Opiion ofrenewaj aftcrthc Loan Period. 12 Fixed asset iMve5tments 2025 21124 va]ue brought forw 1,003,642 912,659 Additions 1703) 305.IKK> Lc55 disrx)sa] proceedq (17,751) {305.IK)o) Net 8a1(lO$s¢sI on investments {40.386) 90,983 Market value carried fOard 944.802 1,003.642 GrphiCal analysis 2025 2024 Uniied Kingdom investments 944,802 I,W3.642 944.802 .003.642 The investm¢nts wer¢ revalued each ye&r vp to 5 April 1999. Therefore, there is no htstoric cost figure Av&il&ble. The knok walue of the inve5ttnents at 5 April 2025 was £588.617. Net gainsl(los$es} on investments includes r¢alis¢d gains forth¢year of £7.480 [2024.. gain £l57,196J and unrea]is¢d lo&fje5 on revUtion to rnarkct value of £47,86612024.. loss £66.2131. 13 C#5h at bauk 2025 2024 Royal B9j of Scotland Schroder & Co 13,4(M) 1,057 19.128 655 14,457 19,783 12-
LAUCHEiYfiLLY CIIARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 5 APRIL 2025 (Continued) 14 Credhors: AmifvMn($ falling duewlthl one ytir 2025 2024 Administration expens¢$ Portfolio Stewardship fees Payment5 due to ChItIeS 839 444 1,500 1,500 1.500 2,783 15 ComThitmeDts mgd• vslue Numbtr of yean Totgl No condition5 aitached.. S¢1ce Mus¢um 1,500 l J(¥) 1.500 16 Movemtttt in funds 2025 2024 Unrestri¢i¢d futLd5: BaIanc¢ brought forwatyl N¢tmovement in funth 1,020,642 90.267 932,977 87,665 Balance tarried forward 1,110,909 1.020,642 Net movetneni in fimds in¢luded in the above are follows: Gatns Ind MovÈment 105ses in futtds Income Outgoillgs Unre5trictcd Fund8 168.21X> {37,547) 140,3861 90,267 17 Related PArty TrAn$ctions Dwing the year Millbak Financial Service5 Limited I'N(FS) ch4rged fees of £486 12024.. £4441 for their Portfolio Stewardthip VICe a[ Cowdray Tnl Limited charged administration exp¢nscs of £7.17512024.. £5.3751. The Hon H M T Gibson, Tk Hon CA Pearson and Mr M P H¥nis {Direct(pts of CowdT&y Trust Limited) are Directors of MFS. li shou]d be noted that a Sibling of Hon H M T Gibson and Hon PN Gibson. the father of Mrs C A Bulbugh, the son of Mr J R E Smith and thc mother of Mr R C P Troughton IDir¢Gtor5 ofcowdray Trust Limit&J) a]E DiTeCtors of MFS, nalnely Hon W K Gibso Hon CA Pear50n, Mr O G E Smith and Mrs S H Troughton rcsFLtively. MrR C PTroughton resiyed &8 Directorof Cowdray Tr81 Limitrd on 13 June 2024. Mrs S H Troughton rcsigneij a8 Dirxtor of MFS on 17 September 2025. Duting the yeaJ Mr R M B GuiT]n¢&s, the son of the Setdor of the Lauchentilly Charirable Foundation, the late Miranda, cote$S of Ivea8h, made a gift of a library of ix)oks to the charitsble llu$¢ by way of a Ded of Gifi of Chattels datrd 23 August 2024. 13-