## ## |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)| ##