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 (co￿TINUED}
Reference and Athiinistrative Details
Tnjstees, Report
2to6
Statement of Trustees. Responsibilities
Independent Examiner's Report
8t09
Statement of Financial Activities
10
Bala￿e 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 leg￿Y 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 chaI￿nan 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-Tad￿na 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 fr￿7 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 Scien￿5, 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 w￿rkshopS for
unaccompanied young people, delivered in the Leaming Centre and LH garden, and including aC￿S
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 Off￿er8. Over 2000 people participated
in the ticketed public programme.
Ccxnmunity programming also continues as a priority focus. For example, as a reg￿Y 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 offi￿r
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 resoUr￿S
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) R￿UlationS
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 d￿8 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 p￿sent 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
unr￿t￿Cted
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 p￿e8 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 ac￿rdanCe 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 in￿me, 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 reSoUr￿S 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 ex￿pIe. 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 reIMt￿rSed
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