Charity registration number. 1153591 THE FRIENDS OF LEIGHTON HOUSE ANNUAL REPORT AND FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 MARCH 2026
THE FRIENDS OF LEIGFrroN HOUSE coprrENTS (coKfiNUED) Reference arKI Administratwe Details Trustees, Report 2107 Statement of Trustees. Responsibilibes Independent Examinerfs Report 9t010 Statement of Finandal Athittes Balan Sheet 12 Notes to the Financial Statements 13to18
THE FRIENDS OF LEIGHTON HOUSE REFERENCE AND ADMINISTrATIVE DETAILS Trust808 Joanna Banham Lena Dernashkieh May Yasmine Marie Dingle Melanie Gibscn Claudia Harding Karim Khwanda Dav Moc*Jy Karen Bernice M¢)ore rimothy Peter Saloman David Moody Secretary Prfnclpal Ofll¢o 12 Holland Park Road London W14 8LZ Charity Rogl$trallon Number 1153591 Independent Ex•min•r Rothetham Taylor Limited 21 Navigallon Buslness Vlllage Navigalion Way Ashtonwon-Ribble Preston PR2 2YP Page 1
THE FRIENDS OF LEIQHTON HOUSE TRUSTEES, REPORT The trustees presenl Iho annual report together with the financial ststements of the charity for the year ended 31 March 2026. The Friends of Leighton House Charitable Incorporated Organlsation ICIOI Charity number 1153591 'Ihe charity. was set up in August 2013 and memberships and records were transferred to it In December 2013 from the Friends of Leighton House (Assoclatlon) Charity Number 262330. The Friends of Leighlon House (Association) remains as a registered charity to rece5ve donatbjns. 1. OBJECTIVES AND ACTIVITIES To Support ongoing restoralion arKI refurbishment projects. To Support the funding of the aCqUisn$ of works of art and fumiture for the Leighton House Museum {'the Mu8eum'). To support an active programme of exhibition$ at the Museum. To raise additional funés for the Museum Whe possible. To support the development and delivery of a iich and varied public education programrne. To organi8e events In collaboration the Royal Borough of Kensington and Chelsea I'The Council.). To act as ambassadors for the Museum in Ioc81, academi¢ an(1 other communities of interest 2. STRUCTURE, GOVERNANCE & MANAGEMENT The charty is govemed by its Constitution dated 4 August 2013 as amended ty a resolution of the rnembers at a general meeting on 3 O¢tober 2016. The charity is a Charitable Incorporated Organisation (CIO) 1153591 voting rnernbe. Membership of the CIO is open to anyone who is interested in furthering its purpose. Applications for membership are made to the charity throughout the year. Ttst r•cruitment and appolntment The must bg at least three Iruslees and the maximum number of trustees is 15. AppIlth)nS to be¢om¢ a trustee are rnade lo the Chair in the first instsn. Al every annual general meeting. cn&third of the charty trustees shall retire from offi. If the number of trustees is not three or a multiple of three. then the number nearest to one-third shall retire from The trustees to retire by rotatien shall be those who havg been longest in office Since their last appointment or reappoinlmenL If any trustee5 were last appointed or reappointed on the same day those to retire shall (unless they otherwise agree among themselves) be delorminod by lot R15k rgvlgws The trustees have examined the major risks which the charity fa and confimi that procedures have been established to enable regular risk evaluation so that necessary steps can be taken lo lessen those risks. Page 2
THE FRIENDS OF LEIGHTON HOUSE TRUSTEES. REPORT (CONTINUED) 3. PUBLIC BENEFIT STATEMENT The trustees have referred to the guidance contained in the Charity Commission's general guidance on Publ benefft when rewewing the aims and objectives and in planning future acts'vrtw. The dwritable objectwes are also set out in order to provwje a clear and demonstrable public benefrt. The key charitable activities are.. . To support finanelally any refurbishment or restoration of the Museum. . To desb3n and deliver cultural and education81 prfrjrammes for the Community. To host $Ing exhibition8. . To support financially the acquisit of works of art and furniture. . To preserve 8fKI promote the Victorian artistic heritage of the area. . To provide the Community with a Cultural centre. 4. ACHIEVEMENTS AND PERFORMANCE Vtsrior numbers to Leighton House {the "museum") for the peiv)d 1 April 2025 - 31 March 2026 were 58,730, a slight increase on the previous year due lo a strong close to the year as the museum marked its centenary as a public museum. For the second year in succession, the museum generated over £1 M income. 100 Yearn of Lelghton House To mark the 100 Years of Leighton Hou8e in 2026 a special prcoramme of exhibltions and events was delNered by the museum from October 2025. An exhibition of images of Leighton House, charting ts journey over the 18sI 100 years was shown in the Tavolozza Galtery. Within the house itsew, Ghost Objects showcased four 1-1 replicas of original objects from Leighton's collection which are currenlly Untrad. Made by paper artist Annemarieke Kloosterhof. Ihese were located wthin their original posfLions in the house. On 21 March 2026. The Arab Hall, past and psent opened wtth a specially commissioned film, When the Tikes Spoke. by Syrian filmmaker Soudade Kadaan, an exhibition in the Tavolozza Gallery and Ihe first of three installations in the Arab Hall itseK. In addition, the Friends supported 'On ihe Road, a pro9ramme of workshops and activities tsking place around the borough in partnership wth schools and community groups designed to raise awareness and engagerrwit, The Friends also supported the commission of an illustration to mark the 100 Years whith has been used for promotion and merchandise. Collo¢tlons The Friends supported the museum in acquiring a highqualty scanner to facilitate the digibsation of the museums. archives - particulady the extensive collections of photographs and images relating to the work of Edward Linley Sambourne. Once digib'se¢J, the images will b8 catslogued and made available to the publio through the new Colle¢tion Management System currentw being procured for the museum. P8g¢ 3
THE FRIENDS OF LEIGHTON HOUSE TRUSTEES. REPOltr (CONTINUED) Garden The museum's exlensNe garden has continued lo be developed with a grant of £5,C(10 from the Friends including a commission from artist Samira Mian for a gril for the garden fountsin. Based on an eightfolé geometric pattem from the 14th-century Mausoleum of Sultan Oljeitu in Iran. the piece made from laser cut slainless Steel. refers to the interior8 of the luse while crealng a new ftjcus wrthin the garden. L•aming Officer The Frlends Supp the creatlon of a new Family Trail within Ihe museum. designed to encourage sitlng families to discover the house and ¢ollectK)ns together. The Friends continued to support Str of the salary costs of a Leamlng Officer to help devebp thè museum's expanding Leaming and Publ Programme offer. Learnlng and Public Programm• The upward trajectory of growth for schools pa1pation has corfnued, rfslng from 821 to 1124 to 1184 children and 8ccompanying alults joining the musem's live and innovative programme. Activities included clothed life drawing in the Studio, printing, Islamic pattem making and design, textiles, guided drawing and slow looking, interactwe tours of the hkstor interiors, storytelling, natural sciences and ecology. calligraphy and collage. As part of the long established collaborati)n with the Kensington and Chelsea MUS Scoety, museums again offered daytime workshops led by a music facilitator with opportuntties to hear and talk to the musicians and singers performing as part of the programme. Both workshops were attended by chitdren arKI teachers from Avondale Park Primary School, a school Particular impacted by the Grenfell tragedy. A new project was launched in collaboration with RBKC Children's servi and the SEND Participation and Engagement team. The project focussed on the Equal Voices group. young people rawn from four special schools across the Borough and will resuh in a public exhibition of the work produced at the Town Hall. The project slts within the museum mission to widen access to creabvlty and the arts, parttcularly prowding all young people wrth opporbjnibes io expk)re their creative potential. At the beginning of 2026 the 'On the Road, initiative was Lounched. $UpFed by the Frnds, taking the museum programme of creative workshops out into the community and around the Borough. As part of this project, Leighton House visited St Thomas CE Primary Schc*)l tsVI, working with years 3.4,5 and 6 1111 children). exploring Arabic call¢gr8phy and Islamic geometry. On the Road also visited the Persian Care Centre. the Clement James Centre and the Earls Court Community Hub, taking Egyptian plaster craft. Iranian music and Syrian book illustration to intergeneratlonal audien. As well as enabling new conne¢tbns to be made with other organisaknons, On the Road slgnposts Leighlon House to attendees and encourages visits lo the museum as well as highlighting free to access sp8ce8 such as the garden, free I low-cosl proJramming such a5 neighbourhc4)d walks and volunteering opportunitie8. Page 4
THE FRIENDS OF LEIGHTON HOUSE TRUSTEES. REPORT (CONTINUED) Seventeen workshops for f8mlIs and young Feople were developed and delivered, attended by 359 chiK1ren and teens, and 314 accompanying adutts, The calendar was structured around calendar moments, green skills and art and ¢reativty, and included mini beasts in the garden, a new aclor-led crime mystery for Halloween, Artivi$m Zines, calligraphy. and music and storytelling for NowruL Musuems also coltaboraled vAth th• organisation Brain Spark, working wth groups of Children from Norlh Kensington as part of a holiday activity progiamme to support working parents and parents faclng economic challenges. A targeted bcus on audpnce development with young people has conts'nued, particularly recognising the challgnges young people face in securing work experlence placements in the arts, museums and heritage sector. Museums hosted 17 young Feople on curab summer work placements this year. A rich, Mbrant public programme was delivered once agaSn, by the museum (supported by the Friends}, encompasslng over 40 daytime. evening and weekend workshops, classes, courses and events for adults. with the partiripation of over 1300 people, excluding families and young people participating in the Family Fun and Young People programme. Tuesday afternwn life dr8wng classes in the Studio and curator I specialist led lunchtime tours were particularty popuLar. In tot8121 evening events were delivered, including an After Hours for London Craft Wed( in collab)ratK)n yth the Barakat Trust. Drink and Draws vlth near to sold out paTbcipation, an opening panel disCuss)n event for the Ramzi Mallal installation and the KCMS coert season. A major marker for the museum has been the design, development and launch of a new evaluation framework. working with the Museum of London Devebpment Fund. The framework COnsts of bank of tailored questionnaires that can be used to collect feedba¢k across all audiences, including children and community group leaders. The new framework not onty suppJts critical review of tho leaming and public programmes in isolation and also in compartSQn with other museum activty Including exhibitions. but also generates invaluable data for reporting 8nd funding applicatM)ns, and as such 1$ a major step forward. Page 5
THE FRIENDS OF LEIGHTON HOUSE TRUSTEES. REPORT (CONTINUED) Membor Events Vislts and events for Friends remain incredibly popular. gnd very well received. This past year. from Aprfl 2025.. . We took a small group to the Emery Walker House in Hammersmith, in Awil. . In May, members were invlted lo a prfvate view of the openiro exhibitK•ns at Leighton House and to highlighls tour of a Sotheby's sale, led by one of the Friends. . June saw the annual Garden Paty, themed Ancient Ge¢e, with an impressive turnout arKI ever popular raffle. Members visiied an artist's Studio in Kenslnglon In Juty Anthony Wlshaw RA - filled vmh hi$ paintings and also sculptures made by his wrfe Jean Glbson. Cosmic House was the venue for a sFecialtyvrganI8ed vislt for Frfends in August - the fomer home of Charles Jenck& near Holland Park. • September saw Fryands taken to th8 Grayson Perry eXhibitn at the Wallace Collecfjon in central London, entrued Delusions of Grandeur. Friends were invited to the exhibiti'ons private view at Leighton House in October, and members were a150 offed VIP invitation5 to hugely popular Frieze Art Fair in Regents Park. . In November, a group wa$ given a privaie Curator tour of SpenGer House. The Golden Hours dinner was held in December this year, Jenny Watdman CBE. Art Fund Director, as Guest Speaker. The AGM d8 aL80 held in Devmber at Leighton House. . The sPenr House tour had been $0 over-subscribed that we invited those FrierKl$ unable to gain a pla to a second tour in January. Latèr that month, memkfrs were invited to a tour of Ihe Foundling Museum in central London. . The Design Museum hosted a group for a private tour of the Wes Anderson exhibition in February. before opening hours and by the curator. In March, th& Garden Museum was the venue for a prrvate tour for Friends, a small but love museum and ¢afè near the banks ofthe Thames. 5. STATEMENT OF THE cHARl's POLICY ON RESERVES The reserves amount to £84.814. This includes a restricied fijnd of £16,202 whith represents donations received toward specific ring fenced projects. The Friends of Leighton House de¢id&, with the serbior curator, how the General (unrestricted) Fund is besi applied to supw the Museum and rts objectives and activities. 6. FINANCIAL REVIEW The CIO accounts are prepared on an accruals and prepayments basis. The asse15 of the FrndS of Leighton House {CIO) Charty NumLw 1153591 are materialty its cash al bank. At 31 March 2026 this sum was £83,005. Page 6
THE FRIENDS OF LEIGFThON HOUSE TRUSTEES, REPORT (CONTINUED) Income 1$ deiw•d mainly from donations from trusts and individuals and the gift aid thereon, membership subscriptions and income generated al functions and events. Income this year evidences matsrial incr•a5e on prvJr year. This year expenditure has been knussed on exhibition support. A varied exhibition programme. to celebrate 100 years of L8ighton has se8n support of the IAclori4n Treasures. Landscapes and 100 years exhibitions by the Friends of Leyhton House. As in prior years, amounts are paid to the Royal Borough of Kensinglon and Chelsea to defray SFecffic costs incurred on behalf of the Friends relating to fundralsing events and employment support of a leaming officer at the museum. Administration eA)sts relate to the outsour&4I accountancy fvnction and various administration charges relating lo the tid(eting and funds collection plafforms. Exceptionally, this year Nitment fees were incurred to tdentify and hire a new chair. All costs are scrutinised monthly. The Friends of Leighton House have outsourced the monthly preparation of management aOUnts to Rotherham Taylor ACUntants. Total cash at year end represents the charitys main asset. Certain funds retained are designated for particular LevJhton House projects. Such funds a designated as restricted and reported as such. 7. ADMINISTRATIVE CHANGE8 Claudia Harding was appointed as new chair on 19th March 2026. The following trustee was appointed during the accounting peric#J.' • Lena Demashkieh- appolnted 5th December 2025 The following trustees resigned during the accounting period.. Catherine Boel - resigned 1st August 2025 . Danle Vanoli - resigned 5th DecernbeT 2025 . Tam$in Wallendahl- resigned 5th Dember 2025 . Lady Emma Verey - $[ged 19th Mar¢h 2026 Sir David Verey- wsigned 19th Mar¢h 2026 The annual report was approved by the trustees of the charity ono9 .0}2nd signéd on its behalf by.. Davld Moody Secretary and trustee Page 7
THE FRIENDS OF LEIGHTON HOUSE STATEMENT OF TRUSTEES. RESPQNSIBILITIE3 The tru$lees are re$pon$ibb for preparing the trustees, report and the financial statements in accordance with the Unitod Kingdom A¢¢ounting Standards (United 'ngdorn General A¢¢eptod Accounting Practice) and applicable law and wulabons. The law applicable to ch8rrf requires the trustees lo prepare financial statements for each ffnanci81 year which give a true 8nd fair view of the state of affairs of the charity and of the incoming resources and aPPltion of resources of the charity for that period. In preparir¥J these flnandal statements, the trustees are required lo.. select suitable ac¢ounts'ng policies and then appty them consistenly: observe the methc<Js and principles in the Charities SORP; make judgements and estlmates thai are reasonable and pruden¢ stste whether appllcable accounting standards have been followed. subpct to any malerHI departures di8clo8ed and explaine(l in the financial statements,. and prepare the financial ststements on the going COnM basis unl8ss it is inappropriate to presume that the charity will continue in business. The trustees are sPOnSible for keeping proper accounting records that disdose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charrt Act 2011. the charits (Accounts and Rewrtsl Regulatlons 2008, and Ihe provisions of the constitut•)n. The trustee5 are also reswnsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the pr8VentiC and detection of frathl and other irregularities. The trustees are resFonsible for the maintsnance and iniegrity of the corporatt and financtal information included on the charitsble company's website. Legislatson goveming the pparatIOn and di$$&mination of financial ststements may differ from legisLatK)n in other juriSdOn$. Approved by the truslees of the charity on o.q.:01..*And signed on its behalf by. David Moody Secretary and trustee Page 8
THE FRIENDS OF LEIGHTON HOUSE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF LEIGHTON HOUSE I rewrt to the charity trustees on my examination of the finandal statement8 of the charity for the year ended 31 March 202e which comprise the Statement of Financlal Activities, the Balance Sheet and related notes which are set out on pages 11 to 18. This report is made solety lo the charity's trustees, as a body, In accordance Yith section 145 of the Charities Act 2011. My work has been undertaken so that I mlght state to the charity's trustees those matters l am required to state lo them in this report and for no other purpose. To the fvllest extent p8mittgd by law. I do not accept or assume responsibility lo anyone other than the charity and the charitls InJstee8 as a ljody, for my work, for this report, or for the opinions I have foned. Responslbllltles and basis of report As the chanty's trustees of The Friends of Leighton House you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act.). I report in respect of my examination of the The Friends of Leighton House's accounts carried out under sects'on 145 of the 2011 Act and in carying out my examination I have followed all the applicab Directijns given by the Charty Commissicfi under section 145{5llb) of the Act. An independ8nt examination does not involve gathenng all the evidence that would be required In an audit and consequently does not cover all the matter5 that an auditor considers in gmng theii opinion on the financial slalements. The planning and conduct of an al11 goes beyond the limfted assurance that an independ8nt examination can provide. Consequently l express no opinion as to whether the financial stslements present a 'true and fairf view and my report is limitsd to Ihose Specif matters set out in the independent examinerfs statement. Ind&pgndgnt gxaminer's statement Since The Friends of Leighton House's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 ACL I confirm that l am qualified lo undertake the examination because l am a member of the Association of Chartered Certified Accounlanls, which is one of th6 listed bodies. I have ¢ompleted my examination. I confim Ihat no material matter8 have come to my attention In COnntIon with the examination giving me cause to klieve that in any material respect 1. accounting record$ were not kept in resFect of Thg Friends of Leighton House as required ty secb'on 130 of the Act,, or 2. the accounts do not accord with those records., or 3. the a¢Unts do not ¢omply with the accounting requlremenls concerning the fom and content of accounts Set out ir) the Charib'es (Accounts and Reports) RegulatK)ns 2008 other than any requirement that the a¢¢ount$ give a 'true and fair vievl whth is not a matt8r consided as part of an independent examination. I have no concerns and have come across no other matters in connection with the eXaMinatn to which 8ttenkn.on should be drawn in this port in order to enable a proper understanding of the accounts to be reached. Page 9
THE FRIENDS OF LEIGHTON HOUSE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF LEIGHTON HOUSE {CONTINUED Mrs C D Green 21 Navigation Business VIILqge Navigation Way Ashlon-on41ibble Preston PR2 2YP 09 .01 <aogb Page 10
THE FRIENDS OF LEIGHTON HOUSE STATENENT OF Fif+lANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2026 Unrestricted funds Restrlcled funds Total 2026 2026 Noto Income and Endowments from: Donations and gaCleS Charitable acb'vities 22,363 60,727 55,235 133.512 77.598 194,239 Total income 83,090 188,747 271,837 Expondlture on: Raising funds Chari18ble activities Support costs Total expenditure Net incomellexpenditure) Net movement in funds (25,5061 (18.1951 27,98 {556) 1208.3771 {101) 126,0621 1226,572) {28,088 71,688 {209.0341 280,722 11,402 20,287 8,885 11,402 {20,2871 {8,885) Reconclllallon of funds Total funds brought forward 57,210 36,489 93,699 Totsl funds carrfed forward 68,612 16.202 84,814 UTrr•strict•d funds Rutrl¢t•d funds Total 2025 2025 Income and Endowments from: Donations and legacies CharilAble actiVeS 8,760 59,381 54,883 53,200 63,643 112.581 Totsl income 68,141 108.083 176,224 Exp•n4lituro on: Raising funds Charitable activities Support costs Total expenditure Net income Gross transfers beeen funds {30,731) {25,989) 5,197 {30,731) 1114,IC(I) {5,301 188,111) 1104 161,917 88,215 150,132 6.224 30,000 19,868 130,000 26,092 Net movement in funds 36,224 110,1321 26,092 Recon¢lllatlon of fund$ Total funds brought ft)rward Total funds Carried foward 20,986 57,210 46,621 67.607 36.489 93,699 The notes on pages 13 to 18 form an integral part of these financial statements. Page 11
THE FRIENDS OF LEIGHTON HOUSE IREGISTRATION NUMBER: 1153591 BALANCE SHEET AS AT 31 MARCH 2026 2026 2025 Note Currnnl a880ts Debtors Cash at bank and In hand 17.696 83.005 100,701 (15.8871 84,814 10,C67 122.357 10 132,424 Cr•ditots: Amounts fslllng duo wlthin on• yur Net assets 11 {38,725 93,699 Funds of the charlty: RtrIcted Income funds Restricted funds 16,202 38,489 Unrestrl¢ted Income funds Unrestricted funds 68.812 57,210 93,699 Total funds 14 84,814 The nancial stalements on pages 11 to 18 wer8 approved by the trustees, and authorised for issue signed on their tehalr by: David Moody Secretary and trustee Karen Bemice Moore Trustee The notes on pages 13 to 18 fom an integral part of these financial statements. Page 12
THE FRIENDS OF LEIGHTON HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 1 ACCOUNTING POLICIE8 Statement of ¢ompllance The financial stalernenls have been prepared in accordance with the second edition of the Charities statement of R8comm8nded Practice issue(l in October 2019, the Financial Reporting Standard applicable in the Unilod Kingdom and Republic of Ireland IFRS 102) and the Charities Act 2011. Basls of preparatlon The Friends of Leighton House meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initialty r¢¢ogr)ised al historical cost or transaction value unless otheNise stated in the relevant accounling poIY notes. Golng ¢on¢ern The trustees consider that there are no material uncertalnties about the ch8riV8 abilrty to contsnue as a going concern. Incom• and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the chanty has entitlement to the income, il is probable that the inwme Wbll be received and the amount can be measured wth $ufficienl reliability. Donations and legacies Donations and legacies are ffcognlsed on a receivab18 basis when reGeipt is probable and the amount can be reliably measured. Expendlluro and liabilitl¢s All expend¢ture is recognised On there is a legal or constructive obligalron to that expenditure, tt rs probable 88tt1ernenl is required and the amount can be measured reliably. All costs are allocated lo the applicable expenéilure heading that aggregate similar costs to that ¢ate90ry. Where costs cannot be directly attributed lo particuLar headings they have been all¢)caled on a basis consistent with the Use of resources, wth central staff costs allocated on the basis of time spenl. and depreciation chaTges allocated on the portion of the asset's use. Other support ¢osts are allocated ba59d on the spread of staff costs. Raising funds These are costs Incurred In attracting voluntary incnme, the management of investments and those incurred in trading activllies that raise fvnds. Charltabl• actlvlrfes Charitable expendtlure compris85 those ¢osts incurred by the charity in the delivery of its activities and serviGes for its beneficiarie5. It includes both costs that can be allocal8d dirfj¢ty to such activities and those costs of an indirect nature necessary to support them. Page 13
THE FRIENDS OF LEIGFrroN HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 {CONTINUED} Ll£blllty rn¢ognltlt)n Liabilibes a recognised Whe rt is more likely than not that there is a legal or construclNe obllgation committing the charity lo pay out resources and the amount of the DblMJ8tion can be measured wth re88onable certalnty. Governance costs These include the costs attributable to the charity's compliance with n$t(rutIonal and statutory requirements, Including audit. strategic management and trustees, meetings an(i reimbursed expenses. Deblorn Trade debtors are amounts due from customers for merchanéige sold or seNces performed in the ordinary course of business. Trade debtors are recognised at the transaction price. They are subsequently measured at arnort15ed cost using the effective interest method, less provision for impaiment. A provision for the impaiment of trade debtors is established when there is objective ewdence that the charity will not be able lo collgct all amounts du8 according lo the original terms of the re¢eivables. Credltorn Creditors are recognised where the ¢harity has a present obligation resulting from a past event that will probably su in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliabty. Creditors arfj nomialty recognised al their settlement amount after allovmng for any discounts allowed. Fund 5tructur8 Unrestricted income funds are general funds that a availab for use al the tru8tees' di8cretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a parb¢ular area or for specific purposes. the usg of which is restrictsd lo that area or purpose. Flnanclal Instrnments The charity only has financial assets and financial liabilitse5 of a kind that qualify as basic financial instruments. Basic financial instruments are In[tlty recognised al transactK)n value and subsequently measured at their setuemenl value. P8g¢ 14
THE FRIENDS OF LEIGHTON HOUSE NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MARCH 2026 (CONTINUED} 2 INCOME FROM DONATIONS AND LEGACIES Unrestricted funds Genernl Total funds fund• t)onations and legacies., Donations Gift aid recLaimed 19,413 2,950 53.093 2,142 72,506 5,092 77,598 Total for 2026 22,363 55.235 Total for 2025 8.760 54,883 63,643 3 INCOME FROM CHARITABLE ACTMTIES Vnvgstrlcted funds G•noral Re5trfcted funds Total 2026 Total 2025 Subscriptr'ons Functions ExhibItn Support Garden 31,049 29.678 31,049 29,678 126,711 6,801 194,239 24,078 27,303 61,200 126.711 6,801 60,727 133,512 112,581 4 EXPENDITURE ON CHARrrABLE ACTIVITIES Unrestrictod funds G•ngrn1 R8strictod fund¥ Total 2026 Total 2025 Education Acquisitton of Arhvork Exhibition Support Garden Colleclionslconservation 20,678 20,676 15,950 15,OC(I 69,651 13.499 180,900 6,801 180,900 11,801 13,195 226,572 5,CQO 13,195 18,195 208,377 114,100 Page 15
THE FRIENDS OF LEIGHTON HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 (CONTINUED) 5 SUPPORT COSTS Unrestrkted funds General Restrlcted funds Total funds Trustee costs RecrUMent fees Independent examiner fees Examination of the financial statements Marketing and publicty Accountancy fees Bank fees Administrats've expenses Repairs and maintenanc Tol•l lor 2026 21,525 21,525 1,260 1,837 2,544 120 461 240 1,260 1.837 2,544 221 461 240 101 27,987 101 28.088 Total for 2025 5.197 104 5,301 8 TRUSTEES REMUNERATION AND EXPENSES No truslees have received any reimbursed expenses or any other benefrts from the charity during th8 year. 7 INDEPENDENT EXAPAINER'S REMUNERATION 2026 2025 Examination of the financial statements 1,200 8 TAXATION The charity Is a regl$tered charlty and Is thefOre exempt trom taxation. 9 DEBTORS 2026 2025 Accrued income 17,696 10,067 10 CASH AND CASH EQUbVALENT8 2026 2025 Cash at bank 83,005 122,357 Pa98 16
THE FRIENDS OF LEIGHTON HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 IcoKriNUED) 11 CREDrroRS: AMOUNTS FALLING DUE YrnIIN ONE YEAR 2026 202S Trade creditors other creditors A¢¢ruals 11,070 3,322 1,495 15,887 1,540 35,901 1,284 38,725 12 CONTINGENT LIABILITIES The charity may be liable for VAT of apprornately £1,972 in respect of certain 8XFenses defrayed by the council, depending on the outcomo of ongoing dIU8510ns regarding the correct VAT treatrnent of these costs. No provision has begn re¢ognised because, based on current advice, any ouffiow of economic benefrts is considered p)$$iblo but not probable at the reporting dale. The timing and outcome of any de¢i8ion by the relevant aLrthoritig5 are uncertain, and the matter will be kept under regular rowew. No securty h8s been given in respect of this matter and no reimbursoment 1$ expocted. 13 ANALYSIS OF ASSETS BETWEEN FUNDS 2026 Unrestrlcted funds General Total funds at31 March 2026 Restricted funds Current assets Current liabilities 80,621 {12,008 20,080 3,879 100.701 15,887 Totsl net assets 68,613 84,814 2025 Unrestrlcted fund8 General Total fundg at 31 March 2025 Restrlcted fund8 Currenl assets Current liabilities 59.400 2,190 57,210 73,024 36,535 132,424 38,725 Total net assets 36,489 93,699 Page 17
THE FRIENDS OF LEIGHTON HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 (CONTINUED) 14 FUNDS 2026 Balance at 1 April 2025 Incoming rnsourcgs Rosources gxpended Balance at 31 March 2026 Unrestrlcted funds General 57,210 83.090 (71,6881 {209,034 68,612 Restrfcted fund8 36,489 188,747 16,202 Total funds 93.699 271,837 {280,722) 84,814 2025 Balan¢0 at 1 Aprll 2024 £(As restated) Balance al 31 March 2025 £IAs rgstated) In¢omlng R•sou•S re•OUr •xp•ndod TransfoTS Unrestrlctod fund8 Gènèral 20.986 68,141 108,083 161,917) 188,2151 30,000 130,000) 57,210 36.489 Restricted fundB 46,621 Totsl funds 67.607 176.224 (150.1321 93,699 During the year ended 31st March 2025, a transfer of £30,000 from $trIcted funds to unrestricted funds was mad8. This transfer represents the remaining bakqnce on the fund after the phase 3 restricted project was completed. The remaining funds were then transferred to unrestricted funds as they were no hJThJer required for the purpose. Approval was received from the donor for this transfer. IS RELATED PARTY TRANSACTIONS During the year the charity made thg following reL91 paty transa¢llons'. Claudia Harding The Chair of The Friends of Lehton House is al linked to The Harding Foundation, who donated £100,000 in the period (2025.. Nill. At the balance she•1 dats the amount due lolfrom ClaudH HardiNJ was £Nil (2025 - £NII). Page 18