Laing

The current asset value of the Trust is £50 million (as at January 2012). This is made up of fixed interest, UK and overseas unit trusts, corporate bonds and shares.

The Trust owns the original house built by John Laing in 1848 and this is let to the Salvation Army at a peppercorn rent.

These combined assets realise an income of approximately £1.5 to £2.0 million. It is the Trustees policy to spend the income annually. Any under-spend is carried forward and added to the following year's proposed expenditure.

The budget and priorities for the following year is set in November.