2023-03-31-accounts

Trustees			RD Leech
			AC Giffard
			DA~hler
			BWallace
			DA Wilkinson
			HM Short
Charity	number		t1M957
Principal	address		cra Rabson	Laidler Accountants			Ltd
			Fernwood	House
			Femwood	Road
			Jesmond
			Newcastle	upon	Tyne
			NE2 1TJ
Auditor			Robson LsidlerAocountants			Limited
			Statutory Autlitoi
			Fernwaod	House
			Fernwaod	Road
			Jesmond
			Newcastle	upon	Tyne
			NE2 1TJ
Solicitors			Muckles LLP
			Time Central
			32 Gallowfl	ate
			Newcastle	upon	Tyne
			NEt 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 offinanmai	activities	8-9
Etalance sheet
Statement ofcash flows
Notes to the finanraal	statements	12-17

Current fina ncfal year	Current fina ncfal year	Current fina ncfal year
				Unrestricted	Unrestricted	Totai
				funds	funda
				general	Lady Leech
			Notes	2023f	2D23	2823f	2822f
Investments			2	452.824	76.865	529,689	499,736
~Ex indite rndffb
Raising funds			3	81,665	13,I031	94,696	135,422
Charitable activities			4	345,505	82.000	427,505	200,113
Total expenditure				427,170	95,031	522,201	335,535
Net gains/(losses)		on investments		I1,185,880)	(225,882)	I1,411,762)	1,088,323
Net movement	in	funds		l1,160,226)	(244,048)	I1,404.274)	1,252,524
Fund balances al 1 April 2022				19,314,621	3,300,192	22,614,813	21,362 289
Fund balances	at	31 March 2D23		18,154,395	3,D56,144	21,210,539	22,614.813

					Unresbtcted	Unrestricted	Tatal
					funds	funda
					general	Lady Leech
					2922	2922	2822
				Nates		6	8
Investments					425,815	73.921	499,736
~E«dil
Raising funds					121,239	14,183	135,422
Chantabls acttvtties					187,«3	13,000	200,113
Total expenditure					308,352	27,1S3	335,535
Nst gains/ttosses)		on investments			837,241	251,082	1,088,323
Net movement	in	funds			954,704	297,820	1 252,524
Fund balances ai1			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

								2923	2022
							Nates		8
Fixed assets
Investment	property						9	609,729	609,729
Investments							10	19,299,014	20,540,732
								19,908,743	21,150,461
Current assets
Debtors							11	490,150	415,593
Investments							12	200,000
Cash at bank		and	in	hand				639,053	1,081,389
								1,329,203	1.496,982
Creditars:	amounts			felling due within
one year							13	(27,407)	132,630)
Net current	assets							1.301,798	1,464,352
Total assets		less	current			liabilities		21,210,539	22,614,813
Income fun	ds
Unrestricted		funds	-	Lady	I	ecch		3,056,144	3,300,I92
Unreslricted		funds	-	general				18,154.395	19,314,821
								21,210,539	22,614,8'l3

				2623		2022
			Notes	6		6
Cash flows from operadng		activities
Cash absorbed by operations			16		(601,982)		(204,050)
Investing	activities
Proceeds	from disposal of investment
property						95,000
Purchase	of other investments			(4,702,982)		(4,557,968)
Proceeds	from disposal ofother Investments			4,332,939		3,963,192
Investment	income received			529,689		499,'738
Net cash	generated from((used in)
Investing	activities				159,646		(40)
Net cash	used in financing	activiTies
Net der,rease in cash and		cash equivalents			(442,336)		(204,090)
Cash and	cash equivalents	at beginning	of year		1,081,389		1,285,479
Cash and	cash equivalents	at end of	year		639,053		1 081,389

	Unrestricted	Unrestricted	Total	Unrestricted	Unrestricted	Total
	funds	funds		funds	funds
	general	Lady Leech		general	Lady Leech
	2023	2023	2023	2022	2022	2022
	8		8	2
Rental income	40,764		40,764	37,682		37,682
income from listed
investments	360.666	68,699	429,365	388,062	73,918	461,978
lnlerest receivable	51,394	8,166	59.560	71	5	76
	452,824	76,865	529.689	425,815	73,921	499,736

					Unrestrlchld	Unrestricted	Tata I	Unrestricted	Unrestricted	Unrestricted	Total
					funds	funds		funds		funds
					general	Lady Leech		general	Lady	I each
					2023 f	2023 f	2023 f	2022		2022 f	2022f
	Property		costs
	General	properly		running
	costs				4,906		4,906	23,969			23,969
	Agents	commissions			4,235		4,235	4,370			4,370
	Incur ance				2,921		2,921	4,883			4,883
	Legalfees				1,191		1,191	12.421			12,421
	Property	aasts			13.253		13,253	45,643			45,643
	Inv st		ana	ament	66,412	13,031	81,443	75,596		14,183	89.779
					81,665	13,031	94,696	121,239		14,183	'l35,422
4	Charitable		activities

					Grant	Grant
					making	making
					casts	costs
					2023	2022
					f
Computer	costs				2,720	1,095
Bookkeeping		and	support		7,967	3,551
					10,687	4,646
Grant funding		af acbvities (see note 5)			402,188	189,314
Share of	support		casts (see note 6)		11,077	2,865
Share of	governance			casts (see nate 6)	3,553	3,288
					427,505	200,113
Anafysis	by	fund
Unrestricted		funds	-	general	345,505	187,113
Unrestncted		funds	—Lady Leech		82,000	13,000
					427,505	200,113

Grants payable
						Grant making Grant making
							costs	oosts
							2023	2022
								6
Grants to institutions'
Main fund							320,188	17I3,314
Lady Leech fund							62,000	13,000
							402,188	189,314
Support casts		Support costs	Governance costs	2023	Support costs	Governance costs		2822
		f	6	8	8		F
Legal fees Bank charges		827 577		827 577	1.506 303			1.506 303
Payroll Bureau fees Trustee expenses		1,194 2,479		1,194 2,479	1.056			1,056
Administrative	wages	6,000		6,000
Audit fees			3,553	3,553			3,288	3,288
		11,077	3,553	14,830			3,288	6,153
Analysed between Chentable adivities		11,077	3,553	14,630	2,865		3,288	6.153

			Listed
			in vs slments
	Cost or valuation
	At 1 April 2022		20,540,732
	Additions		4,702,982
	Valuation changes		(1,065,216l
	Dnposals		(4,879,484)
	At 31 March 2023		19,299,014
	Carrying amount
	At 31 March 2023		19,299,014
	At 31 March 2022		20,540,732
11	Debtors
	Amounts falling due within one year;	2023	2022f
	Rentaldebtors	10,660	14,850
	Concessionary loans to charities	331.000	121,500
	Other debtors	35	35
	prepayments snd accrued income	6,455	26,208
		348,150	162,593
		2023	2022
	Amounts falling due after more than one year:		f
	Concessionary loans to chanties	142,000	253000
	Tata I debtors	490,150	415,593
12	Current asset investments
		2023f	2022f
	Unlisted irlvealmerlts	200.000

Creditors	: amounts	fs ging due within one year
			2023	2022
			2
Trade creditors			1,075	5,748
Other creditors			2,283	326
Accruals	and deferred	inoome	24,049	26,556
			27,407	32,630

Analysis o	f net assets b	etween funds
		Unrestricted	Lady Leech	Total	Unrestricted	Lady Leech	Total
		funds	fund		funds	fund
		2023	2023	2023	2022	2022	2022
		6	F	6	6		F
Fund balances at 31
March 2023are
represented	by:
Investment	properties	609,729		609,729	609,729		609,729
Investments		16,242,870	3,056, 144	19,299,014	17,240,540	3.300,192	20,540,732
Current assets/(liabilities)		1.301,796	-	1,301,796	1,464.352	-	1,464.352
		18,154,395	3.056.144	21,210,539	19,314,621	3,300,192	22,614,813

provided. Mrs J Leech is the wife of Mr R L	provided. Mrs J Leech is the wife of Mr R L	eech, a Tru	stee ofthe Charity.
Cash generated from operations				2023	2022 6
(Degmt)/surpus for the year				(1,404, 274)	1,252,524
Adjustments for Investment income recognised	in statement	ot finanisal	activities	(529,689)	(499,736)
Gmn on disposal of investment	property				(12,131)
Loss/(gain) on disposal of investments				346,545	(164,227)
Fair value gains and losses on	investrnenls			1,065,217	(911,965)
Movements in working cspilal
(Increase)/decrease in debtors				(74,558)	125.989
(Decrease)bncrease in creditors				(5,223)	5,496
Cash absorbed by operations				(601,982)	(204,050)