Charity registration number: 1153591 THE FRIENDS OF LEIGHTON HOUSE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE FRIENDS OF LEIGHTON HOUSE CONTENTS (coTINUED} Reference and Athiinistrative Details Tnjstees, Report 2to6 Statement of Trustees. Responsibilities Independent Examiner's Report 8t09 Statement of Financial Activities 10 Balae Sheel 11 Notes to the Financial Statements 12to17
THE FRIENDS OF LEIGHTON HOUSE REFERENCE AND ADMINISTRATIVE DETAILS Trustee8 Sir David Verey, CBE Lady Emma Verey Joanna Banh8m Joanna Elizabeth Bergin Catherine Savina Boel Cathy Giangrande Melanie Gibson David Moody Karen Bernice Moore Dante Vanoli Tamsin Wallendahl May Yasmine Marie Dingle Timothy Peter Saloman Claudia Harding David Moody Secretary Principal Offi¢0 21 Holland Park Road London W14 8LZ Charity Reglstration Number 1153591 Independent Examiner Rotherham Taylor Limited 21 Navigation Business Vlllage Navigation Way Ashton-on-Ribble Preston PR2 2YP
THE FRIENDS OF LEIGHTON HOUSE TRUSTEES. REPORT The trustees have pleasure in presenting their report and the unaudlied financial ststements of the charity for the year ended 31 March 2024. The Friends of Leighton House Charitable Incorporated Organisation (CIO) Charity number 1153591 'the charity was set up in August 2013 and memberships and records were transferred to it in December 2013 frcrn the Friends of Leighton House (Association) Charity Number 262330. The Frlends of Leighton House Association remains as a registered charty to receive legY donations. 1. OBJECTIVES AND ACTIVITIES To support ongoing restoration and refurbishment projects. To support the funding of the acquisitions of works of art arKI fumiture for the Leighton House Museum ("the Museum.). To raise additional furKls for the Museum where possible. To organise events in collaboration with the Royal Borough of Kensington and Chelsea ("The Coundl). To support the devebpment and delivery of a rich and varied public education programme. To act as ambassadors for Ihe Museum in local, academic and other communities of interest. 2. STRUCTUR& GOVERNANCE & PIJANAGEMENT The charity is govemed by its constitution dated 4 August 2013 as amended by a resolution of the members at a general meeting on 3 October 2016. The charity is a Charitable Incofporated Organisation (CIO) 1153591 with voting members. Membership of the CIO is open to anyone who is intsrested in furthering its purpose. plicatIOnS for membership are made to the charity throughout the year. Trustee recrultment and appointm•nt There must be at least three trustees and the maxinum number of trustees is 15. Applications to becune a trustee are made to chaInan in the first instance. At every annual general meeling of Ihe members of the charty, one-third of the charity trustses shall retire from office. If the number of trustees is not three or a multiple of three, then the number nearest to one-thiTd shall retire from offKe. The trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. If any trustees were last appointed or reappointed on the same day those to retire shall (unless they otherwise agr8e among themselves) be detemined by bt. Rlsk revlews The trustees have examined the major risks which the charty faces and confim that procedures have been established to erk3ble regular risk evaluation so that necessary steps can be taken to lessen those risks. Page 2
THE FRIENDS OF LEIGHTON HOUSE TRUSTEES, REPORT (CONTINUED> 3. PUBLIC BENEFIT STATEfdlENT The trustees have referred to the guidan contained in the Charity Commission's general guidance cn public benefit when reviewing the aims and objectives and in planning future activities. The charitable objectives are also set out in order to provid8 a c18ar and demonstrable public benefit The key charitable activities are: . To SUPKK)rt financially any refurbishment or restoration of the Museum. . To design and deliver cultural and edurAtional programmes for the community. To host visiting exhibitions. . To support financially th8 acquisition of works of art and furniture . To preserve and promote the Victorian artistic heritage of the area. . To provide the (x)mmunity with a cultural centre. ACHIEVEMENTS AND PERFORMANCE Visitor numbers to Leighton House for the perithd 2023-24 were almost 60,000, double the number in Ihe final year prior to closing for the capital refurbishment of the building. These unprecedented numbers have been aGGompanied by highly positive feedback and commentary from visitors. many of whom have discovered the museums for the first time. Award8 Leighton House w88 a finalist in the Art Fund Museum of the Year Prize 2023. The shortlisting recognised the success of the rApital project. which VRS supp)rted wth a donation of £1.8M pounds Irom the Friends, in transforming the museum and the 8xperience offered to 811 usefs. The project also won the 'Cultural Projects, category at the Architectural Awards 2023 and was highly commended at the Civic Trust Awards. The museum achieved 4.5 out of 5 rating on TripAdvisor. Acqulsltlons The museum was successful in acquiring an important painting for the pemianent collection at Leighton House with the support of the Friends. 'In My Studio, by Sir Lawrence Alma-Tadema was part of Leighton's original collection sold after his death in 1896. The picture was reacquired from an American private collectlon with the assistance of Chrislie's at a total Cost of £850,000 with a donation of circa £430,000 frorn the Friends. The acquisitton marks a big step in rfrinstating L8ighton's collections and adds an important work by A1Ma-Tadna to a UK public collection. Learnlng Officer The Friends continued to support 50% of the salary costs of a Learning Officer to help develop the museum's expanding Learning and Outreach offer. Page 3
THE FRIENDS OF LEIGHTON HOUSE TRUSTEES. REPORT (CONTINUED) L•amlng and Publlc Progrnmm• Enthusiasm fr7 schools for our learning offer has grown exponentially across this period, with 821 children and accompanying adults participating in our livety. innovative programme. Relationships with local schools have cemented, with multiple year groups retuming regularty throughout the school year, nurturing a sense of ownership of the museum. The leaming offer has expanded, with new Workshops developed in house exploring printing, slow looking and guided drawing. as well as Workshops delivered by specialists in life drawing. ecology and the natural Scien5, ceramics. maths and geomety. Feedback is consistently positive. with teachers commenting on the range and quality of workshops. and the integration of the learning centre with both the garden and the historic house. Bridging ?th learning and public programming, two grants - one from The Roy81 Society Places of Science scheme and one from Cosman Keller - supported the development and delivery of activity for schools. Family Fun and Young People. We were delighted to be invited to take part in The Royal SocEty Summer of Science Exhibition 2023. showcasing our programme celebrating the dialogue beiween science, sound and music. Over 2000 people visited the event on the Saturday, with the Leighton House drop-in workshops and musical performances cited by many as highlights of the day. As part of a wider re-emphasis on life drawing across museum programming, three free, tutored lrfe drawing dasses funded by the Cosman Keller grant were delivered specifically for young people, led by emerging young artists, with 88 registrations for the series. The past months have seen more geneRlly a targeted focus on audien development with young people. For this p8riod, over 140 young people participated in a new programme offer of weekend 120-minute wrkshopS for unaccompanied young people, delivered in the Leaming Centre and LH garden, and including aCS to historic house and exhibitions. The museums also hosted 10 young people on curated summer work placements giving a taster experien of all aspects of museum and herikge work. taik)r8d to individual student interests and skills. A rich, vibrant public programme was also delivered. with free and tid(eted activty. as well as the re-launch of an online offer. The programme has induded specialis[ creative-led workshops and short courses, talks and debates. and live music. A newEy authored Leaming and Public Programme Policy, sitting in parallel to a new Exhibrtions Policy, articulated a key purpose of programming being to drive visitors to temporary exhibitions and highl¥Jht particular themes being explored by the programme. The variety of the programming has also enabled the museum to welcome a breadth of new, divense audiences and continue to grow participant numbers - aided by over 100 volunteers and by the addition to the team of two part time Learning & Engagement Offer8. Over 2000 people participated in the ticketed public programme. Ccxnmunity programming also continues as a priority focus. For example, as a regY from the KHEIT projert three ctrproducers from the local community facilitated free stitching circles in the Learning Centre. sharing their skills, knowledge and enthusiasm for stitching in a relaxed and sociable Sunday morning gathering. Nine circles were delivered, with 148 registrations. The stitching circles also went out on the road, as part of a new capacty to deliver outreach activity, enabled by the expanded Leaming and Public Programme team and in partnership wÉth RBKC Libraries. Stitch as well as museum objecl handling sessions were delivered under the banner of 'Warm Welcome Spaces,. supporting k)cal residents during the colder months. offering a space to meet. chat, learn and connect with other people. Page 4
THE FRIENDS OF LEIGFrroN HOUSE TRUSTEES, REPORT ICONTINUED) Across Leaming and PuLlic Programming, we are pleased to continu8 to be working in partnership. with Imperial College, The Barakat Trust, th8 Arab British Centre, Kensington and Chelsea Muslc Society IKCMS). Makani. Connaught Opera, KOFMA. and wlth colleagues aGross the Council including Libraries and Housing, as well as numerous independent scholars, authors. historians and creatrves. Member Events The year was busy with our popular Friends. events. We are at the stage now when places are snapped up the same day invitations are sent. and we operate a Reserve st for each. We have had some tremendous feedback from Friends. who seem to thoroughly enjoy the programme on offer. We set out a varied schedule. In the year. our Friends enjoyed.. .A private. curator-led tour of The Rossettis at Tate Brrtain in April. Carol Jacobi was incredibly ompelling as our guide- •A Friends-only Breakfast View at Leighlon House. showing our members the Shahrzad Ghaffari exhibition and the Evelyn de Morgan gold drawings. over coffees and croissants, in May. •A wonderful trip to Pitzhanger Manor and Gallery in Ealing, with Direclor Clare Gough as our guide, which incorporated their fabulous exhibillon of Anthony Caro: The Inspiration of Architecture.. .In June. we look our Friends to the Sir John Soane Museum in central London, wher8 the art and architecture, in equal Measure, enthralled our group during an intimate, out of hours tour- •The Garden Party was superbly well-attend8d. and Friends donated generously on the lawns of Leighton House; •ln July. Friends spent a wonderful aftemoon at Osterley Park. on the outskirts of London, enjowng the architecture and exhlbits at this fascinating historical house- •Sept8mber's sunshine held for a visit to the Freud Museum in North London. with coffee and cakes seNed in their lovely garden before a private tour of the museum and housè- .Frieze Fair tickets were offered to Friends onc8 again this year in October, and feedback received was very positive ind88d. Lat8r in the month. we laid on an Evenlng Prlvate Vlew of the Autumn 8xhibitions al Leighton House., .The Golden Hours Gala Dlnner had not takèn place for years due to Ihe refurbishment, and so it was wonderful to see so many Friends dressed up for a glamorous evening of drinks and dinner in Ihe Summer Studio in November, .In December, the Impressionists on Paper exhibition at the Royal Academy was offered to our Friends as a private tour, and proved very popular. as did a visit and private. curator-led tour of Apsley House, just down the road, to kick off 2024's events in January. We heard tales of the Duke of Wellinglon, and enjoyed seeing and leaming about the family's silvetware, porcelain. Old Masters and amazing sculptures., .An "awaydal. to the Ashmolean Museum in Oxford was on the agenda for February. and a small group loved the exhibition of Colour Revolution - Victorian Art, Fashion and Design there. .Later in the month, we offered two tours of the Collect Art Fair, kindly led by Trustee Cathy Giangrande. and the contemporary art there was a thrill for a good number of Friends,. .In March, Friends enjoyed a trip to see the Sargent & Fashion exhibition at Tate Britain - our group was given a personal guided tour by Exhibition Curator James Finch. Later in the month, we invited our Friends to a private preview of Out Shopping at Leighton House, over drinks and canapes. It was a gr8at success. Wlth Hannah and Daniel. a5 well as the Vereys. Speaking and in attendan. 5. STATEMENT OF THE CHARITY'S POLICY ON RESERVES The reserves amount to £72,607. This includes a restricted fund of £51,621 which represents donations r8ceived toward specific ring fenced micro projects. The Friends of Leighton House decide, with the senior curator, how the General (unrestricted) Fund is best applied to support the Museum and Its actlvitl8s. Page 5
THE FRIENDS OF LEIGHTON HOUSE TRUSTEES, REPORT (CONTINUED) 6. FINANCIAL REVIEW The CIO accounts are prepared on an accruals and prepayments basis. The assets of the Friends of Leighton House (CIO) Charity Number 1153591 are materfally Sts cash at bank. At 31 March 2024 this sum was £70,118. Income is derived mainly from donats'ons from trusts and individuals and the gift aid thereon, membership subscriptions and functions and events. This yéar, expenditure relates materially to costs associated with the the acqusltlon of the art work by Sir Lawrence Alma-Tadema and expenditure on fundraising events lo support the Museum. Additionally. amounts are paid to the Royal Borough of Kensington and Chelse8 to support exhibition costs and defray specific costs incurred on behalf of the Museum relating to events or employment recharges. The18tter relates to a contribution to support the 8mployment by RBKC of a leaning offir at the Museum. Administration costs relate lo the oulsourced accountancy function and various administration charges relating to the ticketing and funds collection platforms. In addition, expenditure includes marketing costs and costs associated with maintaining the gard8n al Leighton House. All costs are scrutinised monthly. The Friends of L8ighton House have outsourced the monthly preparation of management accounts to Rotherham Taylor Accountants. Total cash al year end refle¢ts the completion of the Phase 3 project. Certain funds retained are designated for particular Leighton House projects. Such funds are designated as restricted and reported as such. 7. APPOINTMENT OF TRUSTEES The following trustee was appointed during the accounting period.. May Yasmine Marie Dingle - appointed 14th March 2024 The following trust88s wère appointed after the year end: Claudia Harding - appointed 16th May 2024 . Timothy Peler Saloman - appointed 22nd May 2024 8. INDEPENDENT EXAMINER A resdution to rethappolnt Mr NP Smlth BA (Hons) FCCA as independent examiner for the ensuing yéar will be proposed at the annual general meeting. behalf by. David Moody Secretary and trustee Pag8 6
THE FRIENDS OF LEIGHTON HOUSE STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are responsible for preparing the trustees. report and the flnancial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PrdCtice> and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resoUrS and application of resources of the charity for that period. In preparing these financial statements. the trustees are required lo- select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prud8nt', state whether applicable accounting standards have b6&n followed. subject to any material departures disclosed and 8xplain8d in the financial statements. and prepare the financial statem8nts on the going concem basis unless it is inappropriate to presume that the charlty will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial stateménts comply with the Charities Act 2011, the Charities (Accounts and Reports) RUlationS 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the Maintenan and integrity of the corporate and financial information included on the charitable companls website. Legislation goveming the preparalion and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on .... . .... ...... . and signed on its behalf by. David Moody Secretary and trustee Page 7
THE FRIENDS OF LEIGHTON HOUSE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF LEIGHTON HOUSE I rerx)rt to the charity trustees on my examination of the financial statements of the charity for the year 8nd8d 31 March 2024 which comprise th8 Statement of Financlal Activities. the Balance Sheet and related notes which are set out on pages 10 to 17. This report is made solely io the charity's Irustees, as a bc(ly, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might stste to the charity's tru51ees those matters l am required to state to them in this r8POrt and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charily's trustees as a body, for my work, for Ihis r6POrt, or for thé opinions I have formed. Responslbllftlas and bas1$ of report A5 the charity's trustees of The Friends of Leighton Hous8 you are responsible for the preparation of the accounts in accordanc8 With th8 requirements of the Charities Act 2011 Ilhe Acl'>. I report in respect of my examlnation of the The Friends of Leighlon House's accounts carried out under s6Ctlon 145 of the 2011 Act and in carrying out my examination I have fcllowed all the applicable Direciions given by the Charity Commission under section 145(5){bl of the Act. An independent examination d8 not involve gathering all the evidence that would be required in an audit and cons8qu6ntly does not cover all the matters that an audltor considers In givlng thelr oplnion on the financial st8tements. The planning and conduct of an audit goes beyond the limite(l assurance that an ind8P8ndont examination tan provide. Consequenlly l express no opinion as to whether the rinancial statements psent a 'true and fairf view and my report is limited to those specific matters set oul in the independent examiner's statement. Indep•ndent examlner's statemènt Since The Friends of Leighton House's gross income exc88ded £250,000 your examiner must be member of a Ix)dy listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of the Association of Charter&J Certified Accountsnts. which is one of the listed bodles. I have completed my examination. I confirm that no materi81 matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of Th6 Friends of Leighton House as required by section 130 of the Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements concerning the form and conlent of accounts set out in th8 Charities (Accounts and Reports) Regulations 2008 other than any requirément that the accounts give a 'true and fair vievl whlch is not a matter considered as part of an independent examination. I have no concems and have come across no olher matters in connection with thè examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be r8ach8d. Page 8
THE FRIENDS OF LEIGHTON HOUSE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF LEIGHTON HOUSE (CONTINUED) Mr N P Smith FCCA 21 Navigation Business Vlllage Navigation Way Ashton-on-Ribble Preston PR2 2YP Date.. Page 9
THE FRIENDS OF LEIGHTON HOUSE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 unrtCted funds Restricted funds Total 2024 2024 Note Income and Endowments from: Donations and legacies Charitable activities 55,350 53,426 326,942 382.292 53.426 Totsl income 108,776 326,942 435,718 Expenditure on: Raising funds Charitable activities Support costs Total expenditure (27.958) (163,215} 9,035 (27.958) {499,247) 9,178 (336.032) 143 2(KJ,208 {336.175) (536.383) Net expenditure Net movement in funds 91.432 9.233 100,665 {91.432) (9.233) (100,665) Reconclllatlon of fund8 Total funds brought foDNard Total funds carried forward 112,418 60,854 51.621 173,272 72,607 20.988 Unrestrlcted Restricted funds funds Total 2023 2023 Note Income and Endowmonts from: Donations and legacies Charitsble activities 17.138 30.400 110,286 127,424 30.400 Totsl income 47.538 110,286 157,824 Expenditure on: Raising funds Charitable activities Support costs Total expendltu Net incomel(expenditure) (6,125) (370) 3.501) (6,125) (299.270) 3,555 {298,900) {54) 19.996 298,954 308.950) 37,542 188,668) (151,126 Net movement in funds 37.542 (188,668) (151,126) Reconclllatlon of fund8 Total funds brought forward Total funds carried foN¥prd 74,878 249.522 324.398 112,418 60,854 173,272 The notes on pe8 12 to 17 form an integral part of these financial statements. Page 10
THE FRIENDS OF LEIGHTON HOUSE (REGISTRATION NUMBER: 1153591) BALANCE SHEEf AS AT 31 MARCH 2024 2024 2023 Note Current assots Debtors Cash at bank and in hand 10.087 70,118 7.931 260.179 10 80.205 268.110 Credltors: Amounts falling due within ono year Net assets 17,598) 72.607 {94.838) 173,272 Funds of the ¢harlty: Restricted income funds Restricted funds 51.621 60.854 Unrestrlcted income funds Unr8strict8d funds 20,986 112,418 Total ftinds 13 72,607 173,272 The finan on .171.4 ial stalem8nts on pag6s 10 to 17 were approved by the trustees. and authorised for issug .l.Y... and signed on their behalf by.. David Moody S8cr8tary and trustee Karen Bernice Moore Trustee The notes on pages 12 to 17 fomi an integrdl part of these financial Statements. Page11
THE FRIENDS OF LEIGHTON HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1 ACCOUNTING POLICIES Statomenl of compliance The financial statements have been prepared in acrdanCe with the second edilion of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republtc of Ireland {FRS 1021 and the Charities Act 2011. Basls of preparation The Friends of Leighton House meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenNise stated in the relevant accounting policy notes. Going ¢on¢ern The trustees consider that there are no material uncertainties about the chariws abilily lo continue as a going concern. Income and endowments Voluntary income including donations. gifts. legacies and grants that provide core funding or are of general nature is recognised when the charity has entitlement lo the income, it is probable that the income will be received and the 8mount can be measured wilh sufficient reliability. Donations and legacies Donations and 18gaci8s are rec&Jnisad on a receivable basis when recelpt Is probable and the amount can be reliably Measu. Expendtture and Ilabilities AJI expenditure is recognised once there is a legal or constructlv8 obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All cosls are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary inme, the manag8ment of inv8strn8nts and thos8 incurred in trading activities that raise funds. Charitablg activiti05 Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and servlces for Ils beneflclaries. It Includes both costs that can be allocated direclly to such activities and those wsts of an indirect nature necessary to support them. Page 12
THE FRIENDS OF LEIGHTON HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) Liability recognitlon Liabilities are recognised where it is more likely than not that th8r8 is a legal or constructive obligation committing the charity to pay out reSoUrS and the amount of the obligation can be measured with reasonable certainty. Support costs Support costs include central functrons and have been aiocated to activity cost &qtegorres on a basis consistent with the use of resources, for expIe. allocating property costs by floor areas. or per capita. stsff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charitys compliance with constitutional and statutory requirements, including audiL strategic management and trustees, meetings and reIMtrSed expenses. Debtorn Trade debtors are amounts due from customers for merchandise sold or seTvices perfomed in the ordinary course of busin8SS. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using th8 effective interest method. less provision for impairment. A provision for the impaimient of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original tenns of the receivables. Creditorn Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts allowed. Fund structure Unrestrtcted income funds are general funds that are available for use at the trustees. discretton in furtherance of the objectives of the charity. Restricted income funds are those donated for us8 in a particular area or for specific purpose8. the use of which is restricted to that area or purpose. Financlal Instruments The charty onty has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequent measured at th8ir settlement value. Page 13
THE FRIENDS OF LEIGHTON HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) 2 INCOME FROM DONATIONS AND LEGACIES Unre8tr1cted funds Gèneral Restrlcted funds Total funds Donations and legacies; Donations from individuals Gfft aid reclaimed 50,590 4.760 326,942 3TT.532 4.760 382.292 Total for 2024 55,350 326,942 Total for 2023 17.138 110,286 127,424 3 INCOME FROM CHARITABLE ACTMTIES funds General TOL11 2024 Total 2023 Subscrtptlons Functtons 20,233 33.193 20.233 33.193 24.434 5.966 53,426 53,426 30,400 4 EXPENDITURE ON CHARrrABLE ACTivrriES Unrestrfcted funds General Restrfcted funds Totsl 2024 Total 2023 Education Acqusitic>n of Artwork Phase 3 construction Dress Restoralion 200 116,708 17,840 318,192 18.040 434,900 370 298.900 46,307 163,215 46,307 336,032 499.247 299.270 Page 14
THE FRIENDS OF LEIGHTON HOUSE NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MARCH 2024 (coKriNUED) 5 SUPPORT COSTS Unrostrictsd funds General Restricted funds Total funds Independent examiner fees Examination of the financial statements Marketing and publicity Administrative expenses Garden 1,140 202 2.949 4.744 1,140 202 3,051 4.785 102 41 Total for 2024 9.035 143 9,178 Total for 2023 3.501 54 3.555 6 TRUSTEES REMUNERATION AND EXPENSES No trustees have received any reimbursed expenses or any other benefits fr(xn the charity during the year. 7 INDEPENDENT EXAMINER'S REMUNERATION 2024 2023 Examination of the financial ststements 1,140 1.116 8 TAXATION The charity is a registered charity and is therefore exempt fr(#n taxation. 9 DEBTORS 2024 2023 rued income 10,087 7.931 10 CASH AND CASH EQUIVALENTS 2024 2023 Cash at bank 70.118 260.179 Page 15
THE FRIENDS OF L8GHTON HOUSE NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) 11 CREDITORS: AhlOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other creditors Accruals 1,362 5,001 1.235 7.598 420 11,180 83,238 94,838 12 ANALYSIS OF NEf ASSETS BETWEEN FUNDS 2024 Unrestricted funds General Total funds at 31 March 2024 Restricted funds Current assets Current liabilities 23.584 (2,598 20,986 56.621 (5.000) 51,621 80,205 (7,598) 72.607 Total net assets 2023 Unr•stricted funds General Total funds at 31 March 2023 Restricted funds Currenl assets Current liabilities 115.256 (2.838 112,418 152,854 92.000 268,110 (94,838) 173,272 Total net assets 60,854 13 FUNDS 2024 Balance at 1 April 2023 In¢oming resources Resources expended Balance at 31 March 2024 Unrestrlcted fund8 General 112,418 60,854 108.778 326.942 (200,208) 336,175 20,986 Restrlcted funds 51.621 Totsl funds 173,272 435,718 {536,383) 72,607 Page 16
THE FRIENDS OF LEIGHTON HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 (CONTINUED) 2023 Balance at I April 2022 Incomlng Resources expended Balance at 31 March 2023 Unrestricted funds General 74.876 47,538 110,286 (9,996) (298,954) 112,418 60,854 Restrtcted funds 249,522 Total fund8 324.398 157,824 (308,950) 173.272 Page 17
2 6 SEP 2024