| Trustees | RD Leech | |||||
|---|---|---|---|---|---|---|
| AC Gifford | ||||||
| Mr DA Stabler | ||||||
| BWallace | ||||||
| DA Wilkinson | ||||||
| Charity | number | 1186957 | ||||
| Principal | address | cfo Robson Laidler Accountants | Ltd | |||
| Fernwood | House | |||||
| Fernwood | Road | |||||
| Jesmond | ||||||
| Newcastle | upon Tyne | |||||
| NE2 1TJ | ||||||
| Auditor | Robson Laidler Accountants | Limited | ||||
| Statutory Auditor | ||||||
| Fernwood | House | |||||
| Fernwood | Road | |||||
| Jesmond | ||||||
| Newcastle | upon Tyne | |||||
| NE2 1TJ | ||||||
| Solicitors | Muckles LLP | |||||
| Time Central | ||||||
| 32 Gallowgate | ||||||
| Newcastle | upon Tyne | |||||
| NE1 ABF | ||||||
| Investment | managers | Investec Wealth and Investment | Limited | |||
| 2 Gresham | Street | |||||
| London | ||||||
| EC2V 7QN |
| Page | ||
|---|---|---|
| Trustees' report |
1-4 | |
| Independent auditor's |
report | 5-7 |
| Statement of financial |
activities | 8-9 |
| Balance sheet | 10 | |
| Statement ofcash flows |
||
| Notes to the financial | statements | 12-19 |
| Current financi |
al | year | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Total | Total | ||||
| funds | funds | ||||||
| general | Lady Leech | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Notes | 6 | 6 | 8 | 6 | |||
| lnamudtgm; | |||||||
| Donations and legacies |
2 | 18,271,147 | |||||
| Investments | 3 | 425,815 | 73,921 | 499,736 | 487,235 | ||
| Total Income | 425,815 | 73,921 | 499,736 | 18,758,382 | |||
| ~tglttIIItttg~n: | |||||||
| Raising funds | 4 | 121,239 | 14,183 | 135,422 | 109,421 | ||
| Charitable activities |
6 | 187,113 | 13,000 | 200,113 | 687,306 | ||
| Total resources | expended | 308,352 | 27,183 | 335,535 | 796,727 | ||
| Net gainer((oases) | on investments | 837,241 | 251,082 | 1,088,323 | 3,400,634 | ||
| Net movement | In | funds | 954,704 | 297,820 | 1,252,524 | 21,362,289 | |
| Fund balances | at 1 April 2021 | 18,359,917 | 3,002,372 | 21,362,289 | |||
| Fund balances | at | 31 March 2022 | 19,314,621 | 3,300,192 | 22,614,813 | 21,362,289 |
| Prior financial | yea | r | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Total | ||||
| funds | funds | |||||
| general | Lady Leech | |||||
| 2021 | 2021 | 2021 | ||||
| Notes | 6 | 6 | 9 | |||
| ~ltgg1rrttK | ||||||
| Donations and |
legacies | 2 | 15,808,746 | 2,462,401 | 18,271,147 | |
| Investments | 3 | 416,082 | 71,153 | 487,235 | ||
| Total income | 16,224,828 | 2,533,554 | 18,758,382 | |||
| Kttttttttftlttttttgtt; | ||||||
| Raising funds | 93,447 | 15,974 | 109,421 | |||
| Charitable activities |
627,99B | 59,310 | 687,308 | |||
| Total resources expended | 721,443 | 75,284 | 796,727 | |||
| Net gains/(losses) | on investments | 2,856,532 | 544,102 | 3,400,634 | ||
| Net movement | in | funds | 18,359,917 | 3,002,372 | 21,362,289 | |
| Fund balances | at 16December 2019 | |||||
| Fund balances | at | 31 March 2021 | 18,359,917 | 3,002,372 | 21,362,289 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | ||||||
| Fixed assets | |||||||
| Investment | properties | 9 | 609,729 | 598,680 | |||
| Investments | 10 | 20,540,732 | 18,963,681 | ||||
| 21,150,461 | 19,562,361 | ||||||
| Current assets | |||||||
| Debtors | 415,593 | 541,583 | |||||
| Cash at bank | and in | hand | 1,081,389 | 1,285,479 | |||
| 1,496,982 | 1,827,062 | ||||||
| Creditors: | amounts | falling | due within | ||||
| one year | 12 | (32,630) | (27,134) | ||||
| Net current | assets | 1,464,352 | 1,799,928 | ||||
| Total assets | less current | liabilities | 22,614,813 | 21,362,289 | |||
| Income funds | |||||||
| Unrestricted | funds - | Lady Leech | 3,300,192 | 3,002,372 | |||
| Unrestricted | funds - general | 19,314,621 | 18,359,917 | ||||
| 22,614,813 | 21,362,289 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 6 | f | ||||||
| Cash flows from operating | activities | |||||||
| Cash absorbed by operations |
16 | (204,050) | (795,873) | |||||
| Investing | activities | |||||||
| Proceeds | on disposal of investment | |||||||
| property | 95,000 | |||||||
| Cash transferred from old charity |
982,814 | |||||||
| Purchase | ofother investments | (4,557,968) | (2,867,880) | |||||
| Proceeds | on disposal ofother investments | 3,963,192 | 3,479,163 | |||||
| Investment | income received | 499,736 | 487,235 | |||||
| Net cash | (used in)/generated | from | ||||||
| Investing | activities | (40) | 2,081,352 | |||||
| Net cash | used in financing | activities | ||||||
| Net (decrease)/Increase In |
cash and | cash | ||||||
| equivalents | (204,090) | 1,285,479 | ||||||
| Cash and | cash equivalents | at beginning | ofyear | 1,285,479 | ||||
| Cash and | cash equivalents | at end of | year | 1,081,389 | 1,285,479 |
| Total | Total | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| f | ||||
| Donations | and | gifts | 18,271,147 |
| Unrestricted | Unrestricted | Total | Unrestricted | Unrestricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| general | Lady Leech | general | Lady Leech | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| f | f | f | f | |||
| Rental income | 37,682 | 37,682 | 41,869 | 41,869 | ||
| Income from listed | ||||||
| investments | 388,062 | 73,918 | 461,978 | 373,531 | 71,149 | 444,680 |
| Interest receivable | 71 | 5 | 76 | 682 | 4 | 686 |
| 425,815 | 73,921 | 499,738 | 416,082 | 71,153 | 487,235 |
| Unrestricted | Unrestricted | Unrestricted | Total | Unrestricted | Unrestricted | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||||||
| general | Lady Leech | general | Lady Leech | |||||||||
| 2022 | 2022 | 2021 | 2021 | 2021 | ||||||||
| E | E | E | E | |||||||||
| Ptgggt(yegg)8 | ||||||||||||
| General | property | running | ||||||||||
| costs | 23,969 | 23,969 | 10,557 | 10,557 | ||||||||
| Agents commissions | 4,370 | 4,370 | 6,427 | 6,427 | ||||||||
| Insurance | 4,883 | 4,883 | 4,973 | 4,973 | ||||||||
| Legal fees | 12,421 | 12,421 | 10,035 | 10,035 | ||||||||
| Property | costs | 45,643 | 45,643 | 31,992 | 31,992 | |||||||
| nves me | ana | emen | 75,596 | 14,183 | 89,779 | 6'I,455 | 15,974 | 77,429 | ||||
| 121,239 | 14,183 | 135,422 | 93,447 | 15,974 | 109,421 | |||||||
| Charitable | activities | |||||||||||
| Grant | Grant | |||||||||||
| making | making | |||||||||||
| costs | costs | |||||||||||
| 2022 | 2021 | |||||||||||
| E | E | |||||||||||
| Secretarial | support | 111 | ||||||||||
| Computer | costs | 1,095 | 9,322 | |||||||||
| Bookkeeping | and | support | 3,551 | 7,308 | ||||||||
| 4,646 | 16,741 | |||||||||||
| Grant funding | of activities (see note 6) | 189,314 | 666,255 | |||||||||
| Share of | support costs (see note | 7) | 2,865 | 1,094 | ||||||||
| Share of | governance | costs | (see | note 7) | 3,288 | 3,216 | ||||||
| 200,113 | 687,306 | |||||||||||
| Analysis | by | fund | ||||||||||
| Unrestricted | funds | —general | 187,113 | 627,996 | ||||||||
| Unrestricted | funds | - | Lady Leech | 13,000 | 59,310 | |||||||
| 200,113 | 687,306 |
| Grant making | Grant making | |
|---|---|---|
| costs | costs | |
| 2022 | 2021 | |
| E | E | |
| Grants to institutions: | ||
| Main fund | 176,314 | 606,945 |
| Lady Leech fund | 13,000 | 59,310 |
| 189,314 | 666,255 |
| Support | costs | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2022 | Support | Governance | 2021 | ||
| costs | costs | costs | costs | ||||
| E | E | E | E | E | E | ||
| Legalfees | 1,506 | 1,506 | 1,032 | 1,032 | |||
| Bank charges | 303 | 303 | 62 | 62 | |||
| Trustee expenses | 1,056 | 1,056 | |||||
| Audit fees | 3,288 | 3,288 | 3,216 | 3,216 | |||
| 2,865 | 3,288 | 6,153 | 1,094 | 3,216 | 4,310 | ||
| Analysed | between | ||||||
| Charitable | activities | 2,865 | 3,288 | 6,153 | 1,094 | 3,216 | 4,310 |
| Investment property |
||
|---|---|---|
| 2022 | ||
| E | ||
| Fair value | ||
| At 1 April 2021 | 598,680 | |
| Dlsposals | (82,869) | |
| Net gains or losses through | fair value adjustments | 93,918 |
| At 31 March 2022 | 609,729 |
| Listed | ||||||
|---|---|---|---|---|---|---|
| Investments | ||||||
| E | ||||||
| Cost or valuation | ||||||
| At 1 April 2021 | 18,963,681 | |||||
| Additions | 4,557,968 | |||||
| Valuation changes |
818,048 | |||||
| Dlsposals | (3,798,965) | |||||
| At 31 March 2022 | 20,540,732 | |||||
| Carrying amount |
||||||
| At 31 March 2022 | 20,540,732 | |||||
| At 31 March 2021 | 18,963,681 | |||||
| 11 | Debtors | |||||
| 2022 | 2021 | |||||
| Amounts falling due |
within one year: | E | E | |||
| Northern Homes &Estates |
14,850 | 10,346 | ||||
| Concessionary loans |
to charities | 121,500 | 122,000 | |||
| Other debtors | 35 | 53 | ||||
| Prepayments and accrued Income |
26,208 | 35,184 | ||||
| 162,593 | 167,583 | |||||
| 2022 | 2021 | |||||
| Amounts falling due |
after | more than | one year: | E | E | |
| Concessionary loans |
to charities | 253,000 | 374,000 | |||
| Tota I debtors | 415,593 | 541,583 | ||||
| 12 | Creditors: amounts | falling | due within | one year | ||
| 2022 | 2021 | |||||
| F | E | |||||
| Trade creditors | 5,748 | 5,973 | ||||
| Other creditors | 326 | |||||
| Accruals and deferred |
income | 26,556 | 21,161 | |||
| 32,630 | 27,134 |
| 13 | Analysis of |
net assets | between funds | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Lady Leech | Total | Unrestricted | Lady Leech | Total | |||
| funds | fund | funds | fund | |||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
| 6 | 6 | 6 | F | |||||
| Fund balances at 31 | ||||||||
| March 2022 | are | |||||||
| represented | by: | |||||||
| Investment properties |
609,729 | 609,729 | 598,680 | 598,680 | ||||
| Investments | 17,240,540 | 3,300,192 | 20,540,732 | 15,967,021 | 2,996,660 | 18,963,681 | ||
| Current assets/(liabilities) | 1,464,352 | 1,464,352 | 1,799,928 | - | 1,799,928 | |||
| 19,314,621 | 3,300,192 | 22,614,813 | 18,365,629 | 2,996,660 | 21,362,289 |
| 15 | Cash generated from operatio |
ns | 2022 | 2021 | ||
| F | 6 | |||||
| Surplus for the year | 1,252,524 | 21,362,289 | ||||
| Adjustments for |
||||||
| Investment income recognised |
in statement | offinancial | activities | (499,736) | (487,235) | |
| Non cash donation | (18,271,149) | |||||
| Gain on disposal of investment | property | (12,131) | ||||
| Gain on disposal ofinvestments | (164,227) | (134,173) | ||||
| Fair value gains and losses on | investments | (911,965) | (3,266,461) | |||
| Movements in working capital; |
||||||
| Decrease in debtors |
125,989 | 9,177 | ||||
| Increase/(decrease) in creditors |
5,496 | (8,321) | ||||
| Cash absorbed by operations |
(204,050) | (795,873) | ||||
| 16 | Analysts ofchanges In net funds |
|||||
| The charity had no debt during | the year. |
| Main fund | ||
|---|---|---|
| Catholic Marriage | 2,000 | |
| Little Theatre | 5,000 | |
| Dspaul | 1,000 | |
| Blyth Star Enterprises | 6,000 | |
| Pelton Youth Project | 2,000 | |
| Charles Young | 1,500 | |
| Road to Recovery | 3,000 | |
| Cowpen Quay Community | Association | 1,000 |
| Vale Mill Trust | 2,000 | |
| Henry Dancer Days | 2,000 | |
| Veterans at Ease | 4,000 | |
| Spinal Injuries | 1,000 | |
| Whitfield | 1,000 | |
| Community Foundation |
2,000 | |
| Beyond Limits | 2,000 | |
| The Altitude Found |
1,050 | |
| Youth Ministry Trust | 10,000 | |
| PDSA | 1,000 | |
| Action for Children | 2,000 | |
| Newburn and District |
2,000 | |
| BELS | 1,000 | |
| St Oswalds | 35,000 | |
| Tynsside Hospice at Home |
2,500 | |
| Ocean Youth Trust | 5,000 | |
| The Wildlife Arc | 1,000 | |
| Brass in Concert | 1,000 | |
| Age DK | 500 | |
| Charlotte Straker Project |
3,000 | |
| North EastAutism | 3,000 | |
| Tyne rivers trust | 6,632 | |
| Headway Darlington |
1,000 | |
| North East Stem | 6,640 | |
| The Guide Dogs | 2,000 | |
| Haven Tyneslde | 2,000 | |
| Eyes open | 1,000 | |
| ME Bradshaw | 20,000 | |
| Stiongsr Together | 1,500 | |
| Tees Valley Womens | 1,500 | |
| Furniture Racy |
2,262 | |
| Inspiring Minds |
3,000 | |
| Foodcycle | 5,000 | |
| The Community | 4,500 | |
| StAndrews | 2,000 | |
| Ths British Disabled Anglin | g Association | 1,000 |
| NERAF | 4,000 | |
| STC Philanthropy | 5,000 | |
| Heel and Toe | 5,000 | |
| Total main fund | 176,314 |