ChJrity rn9l*traUon number 1186957
THE WILLIAM LEECH CHARITY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE WILLIAM LEECH CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Tru$lg08
RD Laeth
DA Stat4er
B Walace
DA Vllkmson
HM Short
Charlty numb
118
Princhpal address
Glo Rob%)n LoKller AccoLthftts Lld
Femwood Ro*1
Jesmond
N￿￿(aStte wn Ty
NE2 ITJ
Audltor
Robson L￿dIer AcC(M￿larrtS Limded
Statutory Audit(x
FeTrn¥crf)d House
Fefrh¥ood Road
Jesmond
Nv•4caslkn Tyne
NE2 1TJ
Solleltors
Muckbes LLP
Time Central
32 Galthgale
Ne￿astle urth T
NE1 ABF
Investm•nt managers
Investec ￿￿1th and Investment Lmted
2 Gresharn Street
LoNk)n
EC2V 70N

THE WILLIAM LEECH CHARITY
CONTENTS
Pa
Trustees, ￿pOrt
Indep￿d￿rt 8udrt¢￿s rem¥t
Slaiemenl of ffinanck81 acbbities
B¥l8rKe sheet
10
Staterr￿1 of cash fk)w$
11
Notes to the finanrAal staternBnls
12-20

THE WILLIAM LEECH CHARITY
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Th¢ trustees present Iheif ￿nu* rekKyI wM1 fin•i(ia slalwwrts for ￿ yw eTh1èd 31 March 2024.
The financial 5taternents h•bY b￿n prepared in xeorda￿e with Ihe accounlin9 out in Th)te 1 to the
finanual slalemenls and comply wth Ihe the Chaftss Acl 2011 and "Ae¢ounting and ReportiThJ by Charit￿$..
Statément of Rècommended Practice applKabie lo ¢harilies preparing t￿"1 ￿ntS in accordarte with the
FinancAal RepDrtmg Starvjaid appb'cat4e n the UK Repubhc of Ireland IFRS 1021 leffedi¥e 1 Janu8ry 20191..
OblÈctfjvès and activili•s
In 1972 Sir William Le￿h set up The Wlliam Leeth Tmst Inow The ￿lliaM Leech Charrtyl and donated
to it sorne 3LxI len￿ted propert*s. Ihe fents from represented for Ihe Charity. sin￿ Ihen w051 of
the propert*s have been sold and the proceeds of sabe. logether wth the UFLsd¢J propert*s, now form Ihe
Trustees, Asset Portr￿￿).
The Asset Portlc4io is diwded into unrest￿led dewgnaled luThJs namety The Mawh FurKI and The Lady Le￿h
Fund. The Main F￿￿ make3 gtants aThl Interest free k)J)s to re9islered charttses working In Mythurn*)erland.
Tyn8 and Wear and County Durliam, whilsl The Lady Leech Fund award5 grants to charrties w¢Nking overseas".
particularly those wth projects whKh benefit chiklren in urthdeveloped areas in the world. and whith usual
have Ink5 wTrlh the North East ol England. Grants are award*l al discretion of lh8 Trusle8S.
Oblectlves and aims
The objecl Df the Gharity is to pay or apwy caprtal or Incon￿ lo any c*aiitabSe 50ryety. institulw)n or other body lor
any Charilab￿ purposes. The Twu5tee5 lake inlo a(u)unt Ikw Guidelines wlw makmg grant awards. but they
are not binding wn Ihem.
Granlmaking
Histofically the Trusl Secteiary has mmitored aN grant loan aFOcab"ons whith are I￿￿￿lY reviewed by the
appeals sub-commrttee cK)mwsw the Chairman. a Truslee aThJ the Trust Seuetary before being placed belo
the Trustees wrth the sub-cc¥nmitlee's recomrnendalK)ns. Ik)wever nK)wng fcmard Ihe charity has devèloped
and Implemented a wèb based applLqtion system and has updated Ihe web page to reflecl tlw's. Applicaliorns
received online are now aval￿ble to all Iiustees and the rewew ol r)ew a￿l￿tionS 1$ continuous. The truslees
Ilo however cb)se new apF*cations 2 week5 PFlOt to a twste¥$ meetry.
FOT some proposed gfanrs or loans one or rnore Trustees may make fvrlhw enquiries and report to the meeting
of Tnjslees wilh 3 further recommendth￿ beft)re any grarf or loan is awarded It is the Trustees, policy
whèrever possible Io collstder al ap￿icatI)n$ ai Iheif bi-monihty meetir¥Js. successf￿ applicants are required to
provide a wriiien undertakiro ￿en they ackn(￿￿ge ieceipl of Ihe donaljon thal giant ot loan will be usgy
lor the purFoses slated In the ovvJina 3ppIK>tiL¥) and to ￿lurn any funds not used lor that sr￿or1ed purpose.
Grant mking polley
The Main Fut￿ award5 giarrts and interest fr¢e loans whKh are m* al the dtsuth'on of Ihe Trustees. Thè
Trustees wish to encourage local community.¥x"rited who CTeale Sustsin interest in the ¥ohJntary
sector. and they part￿￿larlY want to supwt tts)se who are ¥oluntarily he￿ng olheTS". Ih05e with an adive
Christsan involvement." and those who engaged in areas of gre* deprivab"on. The Truslees do rot lavour
gNing charitabfe suppyt lo indivkltjalg. Sludents. the Arts, ￿IdayS ￿￿1 expedrtions Of rrinibuses.
The Lady Leech Fund is to m*e grwts tor ¢)verseas pfc1￿ fcu5sin9 primarty on the med￿al.
educational and enviranmenlal ne8ds ol cAdren in undeTdevelop8d Countries, aThJ ￿s0 emer￿n￿ aid in
response to natural disasters.
The trustees have paid c*Je ￿3rd lo guKlan¢* issued by Ihe Charily commi￿*￿ ￿ decidwvj whal aCt￿ltIeS Ihe
charity shcxjld undertake.

THE WILLIAM LEECH CHARITY
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achiev•ments and p•rfom)an¢e
In¥•stment perf0rn7ance
The Tru51ees' Inveslmenl objeclw is io gÈrtÉraie suff￿nI Income to a#ow rf lo rts purp)ses consistenlly
year on ieai. whi* ai least maintaining the real value of its capital assels. From time to time the trv3lee3 may
distribute in any one year mo¥¢ Ihan the income gwwated in thal year. and wtll USFJ capilal to rnakÈ up thè
differertce. On very rarè occasions Ihey may distribut8 ￿ any one yeaf less than the income generated In that
year and will inves1 the undislrtr)uted Income. Over a period of years. tr￿Y expect lo lully distribute any
undislributed In￿Me from previous years.
As both capital and income may be used at any time fLY the furtherance of the Ch¥ty's aims a￿1 objects. the
stock market portfol￿ sts)ukJ be matk¥aed on a tclal rnlum b￿.$. The investment ot¥'8ckn¥85 and
rèquirements are as f￿1(p*S..
ObjectNe
Risk
Mandate
Time Plorizon
alarKed" ￿luM teiween incorrte and capi14
medi￿
Discrebonary
30 years ￿u5
The remainry 6 investment properties ￿$￿I￿￿'al lenanted prLwts'e5 and aTe W￿luded al their markel
value whith is adjusted annuauy u*ng Ihe IPO UK resKJÈntial ￿￿tmen1 Index discountèd from vacanl
possessior) valuè. Over Ihe yèar the house price index In the orea of the north east where the propertie$ are
siluated has remained slaliG. The Trustees rewew this policy from brt)e lo trne and are sattsfied that Ihis rnethod
gives a reahstic propety WdluatM)Th undue ￿$ts. IM)en a woperty bÈrAMneS vacanl il ¢s valued
by a chartered sUrv￿Or and offered frx sale al markel v￿￿e.
Amhough thè Trustees have a dis(xetionary power lo dtstr4yJle cap￿. and havè done so from ttme lo Iirrt, Ih¢tr
long term policy is to try lo ensure that the ieal value of the caprta assets of the Tru51 is maintained.
Flnancl•l review
Incoming resour¢•$
Tolal Incoming resourcAs lor thè yèar •nounted to £￿.170. Inv8slmèni 1￿me tcialkd £566.170 consists.ng of
£35.826 rental income with the balan¢¢ bery frc*n dI￿dendS interest.
ExpendlturÈ du¥iftg yèar
Of the total resource5 expended of £509.920. £374.007 was pahl OLrt as granls. PToperty costs amount lo
£21.100. wilh adminiuralbon of chaiitabbe athwties £12.082 and supK¥Jrt and governa¢u at £16.254.
DuriThJ the yw the Trustees *arded ￿ separate grants.
Analysis of net assets betsv••n fund¥
Nole 18 sets out an analysis tsl the assets alln'butable to the kn Unrest￿led funds. These assets are suffioent
lo meet Ihe Charivs oblvJatK)ns.
Trustees would wish lo encourage a￿￿￿￿"0n$ from ￿ganISat￿)nS traditKJnaAy supported by Ihè Trustees.
namely ¢haritiès who are voluniarAy helpiTrJ olhers. as these have femained subdued. The Gtant App4i¢alion
Management System became athive ai the be9inn¥Y) 012020. tt Is IKJped Ihal rK)w the system is lully deVe￿ped
Ihal il wll enwragg more largded aptth"CthKJis streamh'ne the wew p¥ocethJres for Trusteès.

THE WILLIAM LEECH CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
StTU¢ture. 9overnanco and fflanag•m•nt
The tharrty 1$ w)Irolled by rts goverr4ng ¢knumwt. a deed of trusl. a￿1 ccthiules a Charitable Int(￿Orated
org￿1$4110n_
Charlty eon8titutlon
Thè William Leech Charity is a Charrtab￿ In￿rporale￿ 0rgantsats.on rwstered chwity number 1186957. The
purpose of The W41iam Leed) cl￿rity is to make grants and intwest free loan5 lor tharrtable purposes.
The trustees who Ser￿￿ during Ihe year wvj up lo tr* dole of ￿gnatUre of the final￿181 5ts1ementg were..
RD Leech
AC Gifford
DA Sl?bler
Wallace
DA Wilkins
HM Smrt
IReswJned 24 20241
Rl8k management
The trustees have idenlified Ihe major strategic business OFefational risk5 to whtcth the tharity mfghl be
exposed. and confirm Ihal Ihese have been re￿eWed and 5tfalegie5 are eslaL4ished to mrtigate su¢h risks. In
partthlar largef ￿ants are (￿lY paKI after more In depth resewth by Irijslees.
The Truslees. Asset Portfolio. L*her than the few iefflaining Pfopertses, Is hdd in a portfoth"o of quoted Investments
which Is managed by 8Xtemal investment rnanagers. InvÈstèc Weatth and Management Ltd. Truslee$ meet tw
year wilh Invesiec who have discretion￿ Pry•vers but have gwen a hjll ststemenl of the Investment
Pdicy by the Tw5tees.
ststttm•fit ot trnstees. responsibilities
The trustèès are r8sponyble fo¥ preparry Ihe Tftjstees. Repofl and the finan(¥al stateThnts in 3cCtydar￿e with
applicable law and United ￿.￿gdoM Accour)ling Standards Iunrtefl King&Jm Ger¥erally Accepted A¢xountsng
P¥acti¢21.
The law applicable to charth'es in England and requires Ihe InJstees lo wepafe financial slalemenls fw
each finanoal year W￿"Ch gNe a true WKI fair view of thè stste ol affairs of thè charrty and of Ihe ineoming
resources and apph"ca￿On of resources of the charty lor that year.
In p￿pan￿ll these finanpal statements, the tntstees we rewThl to..
. select suitthle ac(ounknng pth.es aTrJ Ihw •p￿Y th￿ consislenlty..
. observe the mÉth(*Js and in the Charrbes SORP..
- make judgements and estimales thai *e reasofiab￿ pwdènt:
stale whether applicat4e accounting standards have been t(l￿wed. subpd lo any malwBI deparlures
(tisdosed and explained in the finanoal st*ements.
prepare the financial $lat*mtyits on Ihe grmng corwn basis ￿lesS il is inappioprialtr to presume that Ihe
charty %wll continue in opwatM)n.
The Iruslees are respon￿ble lor keel￿n9 sufficient accourtw recotd5 th* &'sdos¢ with ￿asOna￿e accuracy al
any lime the finanoal wsthon of the charity and enable them lo ensurè thal ihe financial statemgnls comply wlh
the Chanlies Act 2011. Ihe Charrly IAcctyJnts and Reports) Regulalions 2008 and the prowsKJns ol Ihe trust
d¢ed. They are also responsrtAe ILY 5aleguarthng the a55els of the dwrity and hen￿ lor tskn.ng reasonable steps
for the prevention and detect￿ of fraud aThY other irregularib"ès.

THE WILLIAM LEECH CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2024
Di$¢lo$ur• of information to auditor
Each of the trustees has confimwd that Ihere is no ￿form4￿"￿ of Wh￿ Ihey are awa￿ 15 relevant lo Ihe
audit. but ol which Ihe auditor ss unaware. TW have further conhmied that they have taken appropriate sleps lo
Jentty such relevant #)lom)alion and to gstabh'sh that ts wd*or ts awarÈ of Inform*"on.
The Iruslees, report was appro¥Ed by the Board of Tw51ee3.
RD Leech
Trustee
Dated.. 30 January 2025

THE WILLIAM LEECH CHARITY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE WILLIAM LEECH CHARITY
Opinion
We have aurfited the finanaat slalemenls of The Leeth Charty {the 'ch*ity'l lor the year ended 31 March
2024 which comprise the statement of fnancial aclNibes. thè balancÈ sheet. thè st3tem8nt ol cash Ilvws and notes
to lh8 finanrial slalemenls. in¢kJdtn9 s￿nIf￿nI ￿￿1￿r￿j polues. The finawal rep(xtillg Framework that has been
ap￿led in Iheir preparatton Is aptliG*le and Unrte(J Kirydtsm AccounlirKJ Standards. induding Finanoal
Reportino Standard 102 Tho Fin&n(ial Reportiiig SlaThJanl 8i¥h*cabl8 in tho UK and Repubk of Ireland (Unrted
lfjngdom Generally AC￿pted Practicel.
In our opNion, the fjnawKial statements".
give a Irue and fair wew ol the stale of the ctharty's a5 at 31 Marth 2024 *)d ol its inceming ￿S0￿rC8S
and applicabon of ￿$(mIrees. for the year than ended.
have been woperty tyepared acTr)rtl￿ Tmlh Unrtwj lfjngdcmn A￿pIed Ac(ounlt'ng Pra¢t¢&',
and
have been prepared in accordance wrth the requi￿￿nts oflhe charl￿ Att 2011.
8a¥is for oplnlon
We conducted our au(kt in a￿Or￿ar￿ wlh lfiiemalional Slandards on Auditing (UK) (ISA5 IUKI} and applicable
law. Our responsibill*s under Ihose standards are lurthei de5(xbed In IIE A(rtth)rs ￿$￿>￿&b￿1￿￿S lor ¢h8 a￿￿.1 of
Ihe ljn8ncial $18teinènts section ol our r8p(￿t. W8 are inde￿tKIe￿I of the charrty in accordance with the elh*al
réqvirèmènls that are relevant to Crtjr audit ol the financial statemer)ts n the UK. ini4uding Ihe FRC'S Eth￿al
Standard, and we have fulfilknl ow othei etriGal respon%bil*ies in a¢c¢xdance with these requirements. We believe
that Ihe audit evidence we c&taned is sulTty)enl ¥yt)priate to Pr￿ide a basis ts our opnion.
Conrlu¥ions ￿latIng to going concem
In auditing Ihe financial state￿Ills. we have eoncbjded that ihe twslee3' use of going ￿Ce￿ basis of
accounting in Ihe p￿paratI￿ ol the financ4al statements is aFvopriate.
Based on Ihe we have pwlormed, we have vjen1rf￿d any m*enal ￿￿erta￿Tr11eS relatiNJ lo events or
conditions thal. IndivKJu*ly or collechvc4y, may cast Sipr￿n1 doLtbt t)n thè eharty's ability lo cOnt￿ve as a gclng
concèrn for a period of al le•s1 twel¥È months from ¥btsn the rnar￿jaI statements are auhjcised for issue.
Our ￿SponSIbl1￿￿e8 and th¢ re¥*)nyb"lrties of ts tiuslees re6perA Io going cLwm are d*s¢ribed in the
rdevant secbons of Ihis report.
Other Informatlon
The other Informati￿ compn'w the in10m￿￿on induded in Ihe ￿Ual rep￿1 other than the financial statemenls
and our audrtorfs report theceon. The tfttst￿ are respons1t￿e for Ihe other inlormats.on contained w#hin the annual
reporl. Our 0￿"nIOn ￿ the financial 5tatement5 doBS not ¢over ihe other information we do nol express any forfyh
of assurance condusion Ihereon. Our resp(￿s￿l￿Y is to Tead the other IrTforTnaI￿n and, li doing $0, tx)nshler
whether the olher infoimab.on is materialfy inconsistent with the finaroal statements or our kno%￿edge obtained in
the c¢xJise ol ihe audrt. OT other￿$? appears tts be maleriaRy misstated. 11 we Identify such m*erial inconsislencies
or apparent material misslalements, we are reQ￿red lo determine whether this gNes rise lo a rnalerial mtsstatement
) the finwci31 Sialements themselves. If. based on the ¥¥crfk wt have perfNmèd. w8 CA)ndude that there is a
malerial mi55tat8m8nl of ths olh¢r inlomialitin, we are required to re￿1 that ￿1.
have nothing lo report in this rogard.
MatterB on v•hieh w• are required to report by exception
have nothing lo report ￿ respeca of the folkywiTrJ matt¢r¥ in rdat*)n lo the ChaiilEs IA¢¢ounts
Reportsl Regulalions 2008 ffjquire us to report lo you il. in ow opinion".
the inlormatlL¥) given n Ihe finanTral statements is inc￿￿151¢nI material resped vAlh the Iruslees.
report..
sufkient accounliry reccrfds have n¢X kew.. Of
the finan¢ial statemenis are not in afftmenl wrth the ac0x￿lIng reco￿s". or
we ha￿ not received all the inlormakn and ex￿￿￿#t￿)￿S we feye our audit.

THE WILLIAM LEECH CHARITY
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF THE WILLIAM LEECH CHARITY
Responsiblllllès ol trust
As explained more fully in the statement of 1fu￿ee￿ ￿5p(KIS￿"1kn"e9. the trustees are re5Frt)nS1b￿ for Ilx Pfèpacalion
of the finanaal slalements and lor being satisfied that they gNe a Irue and fa￿ view. and lor such internal control as
the Irusle¢s determine is neees5ary 10 en3￿e the preparaton of finanual statements that are free fvom material
misslatemenl. wheihei due to fraEvJ or wror. In prepanng Ihe [ffi￿al stateménts. irustees are respOn￿ble for
assess￿9 the charity's abilrty to ￿n11n￿e as a goin9 Co￿n. disclosing. as aprlicable, matters felated to goirKJ
Concern and usiTrJ the going CO￿￿r￿ basis ol aGcounbng unless Ihe twslees either Intend lo cease ryeralion5, IX
have no realist￿ 4lernalNe bul lo ¢*) so.
Auditorfs responsibrfities for the audit of the financial Stst￿nts
We have been aFvoinled as auth'lof ￿￿er section 144 of the Chwrfies Acl 2011 rewl in accordance with tht
A¢t and felevant cegulalions made N hawng effect thereunder.
Our objeclwes are lo oblain rea50rhable assufarte aboui whether the finawal sla¢emen15 as a whd¢ are Iree from
matenal misstalemenl, whether due lo IraLKI or errol. an(1 lo issue an a￿￿110r,$ retx*t Ihal indudès our opinion.
Reasonable assurancè is a hioh level of assutance trAJt ts a guarantee that an audrt conducled in accordance
with ISAS IUKI will ahyays deieci a matefial misstatemenl rt exist5. Mi551at¢m¢ni$ can arise from fraud or
error and are consKlered malenal rf. irtthvKlualy or w Ihe aggregate. Ihey coukl reasonabty be expeded to influ8nce
the oconomic dec&￿n$ ol users taken on Ihe ba￿$ ol Ihèsè statemenls.
The exlent lo which our wocedures are Gapabk of detecling Irreg￿ts$. irtJt•Jing fvaud. Is deta1￿￿ below.
The risk of material misstatement due lo e￿0{ or ha5 been assessed n conp#)ction with how Inlemal conird5
may miligale any s￿h risk. These contids ale reviewed as parl of Ihe a￿111 by performing systems walkthioughs
to ensure they are ope¢aiiThJ elfÈeiNely. Analyts"cal revw an(J subsiantive testing is a5s0 perform￿ on all Inalerial
balances and Iherelore any Instances of nOrFComphan￿ shoubj be identi1￿d or consmleied as in5ignifioanl. I
Klenlrfying and a5$¢5$￿g r*ks of material M￿Lement Ul fesped of ￿gulan￿8$. indud4)g fraud, the audil
engagèment team".
obtained ￿ ￿derstand1r￿j of Ihe nalwe of Ihe induslry * sect￿, the legal and regulalory
rramework, in Ihe tharity cwaies w¥J how IhÈ dw.ty complie5 Wlth that legal and regulalory
framework
inquir￿1 wilh managemenl and those tha¥ge(I wrth govemance about thetf (ywn idènb"fiCAt1￿ and
assessment of the risks of irregulariti85. induding any know actual. suspected or al￿ed instances ol Iratld
discussed with management and Ihose chty wth governance *y non-compliance wilh law5 and
regulation5 and how fra￿1 ￿Igh1 OC￿[ irb(knkng assesS￿nIS ol how and whÈfe Sts finanoal statements
may be susceptible lo fraud.
The risk of management ovewrKle of conltolg was al¥0 cons¥kned an area ol polentHI m￿St￿en￿lI due to fraud.
Audit procedure5 ￿rforrned induded lesiing ol manual joumal enlnes and other adjustr￿lS and evaluating Ihe
busTrne$5 rationale in relat¥Jn to ￿gnIficant. unusual trans•th'ons and Iiansathons entered ￿10 outside the normal
COUW5e of busrne5S.
A further descriptKfft ol our responsi￿*"1￿ is avalable on Ihe FThntyal Reporting CO￿￿'r$ websile al". https."Il
www.frc.oig.ukjaudrtor5resp0n5i￿.l[h.eS. This deSthpl￿n lom￿ pan of our audi￿9 report.
Use of our rgport
This reFK)rt is made solely to the tharity's trustèes. as a body in aCCordar￿e wth part 4 of ihe Charities IAccounls
and Reports} Regulati￿S 2008. Our audit work has been urKkniaken $0 Ihat we might slate lo the chaiiV5 Iruslee5
those rnatteis we are requFred lo stale lo Ihem rn an audrtorfs report and no other purpose. To the lullest extenl
p•miitled by law. we (kn nol accepl or assume re¥KJn&tM"lily to anyone other than Ihe ¢h•iily and the charity's
Irusiees as a boty, lor OLW autht work. for this report. or lor the opffjions we have I￿rned.

THE WILLIAM LEECH CHARITY
INDEPENDENT AUDITOR'S REPORT ICONTINUED)
TO THE TRUSTEES OF THE WILLIAM LEECH CHARITY
Nichola¥ Cunnlngham Msc Bse ACCA Isenlor 5tatLrtory Audltor)
for and on behalf of Robson Liidler Accountants Liffiited
J 2025
StatutoryAuditor
Femwood House
Fernwood Road
Jesmond
Newwlle urKffi Tyne
Tyne alld ￿ar
E￿￿arnd
NE2 1TJ
Robson Laidler Ar￿U￿tants Limrted 1$ elW4e for apwnlment as audrtor ol IIE tharity by vytue ot ils eh"g*ility lor
appointment as auditor ol a company under Se￿￿ 1212 ofthe Companies Acl

THE WILLIAM LEECH CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Currgnt financial yoar
Unréstrleted Unrestricted
funds
funds
gon•ral Lady L•tth
2024
2024
Total
Totsl
2024
2023
Notes
Incom& from:
Investments
483.315
82.855
566.170
529.689
Ex
nditure on:
Raising fund$
93.741
13.836
107.577
94.6
ChwrtatAe acliwties
297.360
104.983
402.343
427,505
Totsl expenditure
391.101
118.819
509.920
522.201
Nèt gainsllk)ssesl ￿ irNeslm8nts
908.761
143.045
1.051,806
11.411.762)
Net movement in funds
1.1Y)).975
107,081
1.108.056
11.404.274)
Fund bal•n¢¢s ai 1 Aprl 2023
18,154,395 3,￿.144 21.210.539
22.614.813
Fund balan¢¢$ al 31 March 2024
19.155.370
3.163.22S 22.318,595
21.210,S39

THE WILLIAM LEECH CHARITY
STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Prior financlal year
Unrestricted Unrestricted
fvTrds
funds
g•n•ral Lady L￿ch
2023
2023
2023
Nol•¥
Income from:
Inv8stmenl$
452.824
76.865
529,689
ndlture on.
Raisiro funds
81.665
13.031
94,696
Char¢lable è¢tivilies
345.505
82.LYyJ
427,505
Totsl expendi￿re
427.170
95.031
522.201
Net gainslllossesl C￿ inveslments
11.185.880> 1225.8821 11.411.762}
Net mo¥ement In funds
11.160,226) P44.0481 11.404.2741
Fund balarKxs al 1 April 2022
19.314.621
3,3￿.192 22,614.813
Fund balanG•s at 31 March 2023
18.154.395
3.056.144 21,270,539

THE WILLIAM LEECH CHARITY
BALANCE SHEET
AS Af31 MARCH 2024
2024
2023
Note$
Fixed assets
Tang￿le asset5
Inveslmenl propety
Invèstn)ents
10
11
12
888
609,729
20.238.756
609,729
19.299,014
20.849,373
19.908.743
Current assets
Debtors
In¥e51mènls
Cash ai bank and Sn harnl
13
14
212,C65
490.150
200.1)
639.053
1.080,626
1.492.691
1,329203
Creditors.. amounts falling due within
one year
15
{23,4691
127.4071
Net current Assets
1.469,222
1,301,796
N•t a88•t8
22.318.595
21.210,539
The fvnd¥ of th• ¢h*rity
Unrestricted funds general
Unrèstrict8d fund$- Lady Le8th
19.755,370
3.163.225
18.154,395
3.056, 144
16
22.318,595
21.210,539
The fin¥neial statements were approved by the trustees on 30 Januwy 202$
eech
Trustee
10-

THE WILLIAM LEECH CHARITY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2Q23
Notes
Cash Ilows Irom opernting actl¥lt598
Cash absort)ed by operaliw$
19
1235.e62)
1601.982)
Investing activities
Purchase ol tan ￿ble fixed assots
Purthase ol investments
Prwxeds frtyn disposal ol investments
Inv¢stmenl income received
9991
{8.267,3291
8.379,393
se6,170
14,702,982)
4.332,939
529.689
Net cash g*ner4ted from inv•s￿n9
activiti98
677,235
159,646
Net ¢ash used In financlng acts¥￿9
N•t in¢r•aselldecreasel In Gash and cash
èqulvalents
441.573
{442.336
C•sh aThJ eash equivatents at beginnw of yeaw
639.053
1.081.389
Cash and cash •q￿¥•I*nts at ènd olyear
1.080.626
639.053

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Aceountin9 policies
Charlty Inf0m￿tIon
The wllb.am Leech Chanty is a Charf*le ItKorwated (kganisab"on. d￿rity number 1186957.
1.1 A¢eounllng eonvention
The finanrial 5tateThnt5 have been prepared in accordance wilh Ihe tharity's govern￿9 document. Ihe
Charrties Act 2011 aThJ -Accwiting arnl Rep(wb"ng by Charrties". Stalement of ReC￿mmènded Practic*
applicab￿ io char￿"éS weparing their acmin15 in •ydance %thth Ihe Financial Reporting Standard
¥plICab￿ In the UK arKI Repubh'¢ of Ireland IFRS 102} {effeGtive 1 janu￿ 20191" The charity is a Pubkn"c
Benefil Entity as delineil by FRS 102.
The fin8nck4 slalomenls we prepa￿ in stthj, 15 the fUr￿.onal wrrency ol the chartty. Monetary
ounts in these linarKAal slalemenls ¥e rt)unded lo Ihe nearest £.
The finano•l $iat¢menls ha¥e wepared whjer the l¥'sIc￿l¢al D)n¥enkn. modified lo inc¢ude
vestment Pl0k￿rtIeS and r￿ain firwKial inslnNn8nts al faf value. The pnrryal ￿jInty1g p(Aiues adopted
¥e Set oul belurt.
1.2 Going concern
Al the time ol approfftg tl* financial state￿nts. the tru5tee5 have a reasonable exFedèiiofi Ihal the charity
has adequate iesources io ￿fitin￿ in operational existence for Ihe loresèeablè future_ Thus Ihe tru5tee5
continua lo adopi the g￿Thj basis of ac￿ntIng In p¥eparirvJ the finanThal slalemenls.
1.3 Charitabl• funds
Unrestricted funds are avalable use at the do(xption of the tntslees m lurtherance of their tharit*lp
cèie¢tEves.
Restricted funds are subject lo speofic condilw)rffj by dorK¥5 (Y grarfo¥s as ¢0 how they may be us&Y. The
rposes aTrJ uses ol the ￿51￿cted funds we sel oul in io hiar￿JaI statemenls.
Endowmeni IEThJs are wbiecl to SPBufK ¢ondrtions by donors that the CaFNlal wwst be mainlained by the
charity.
1.4 Incom•
Income is recognised when ihe charrty 5s18galty entilled to li aftèr any perfomiance condth.ons have been met.
the amounts can be fneasured relTrably. arbj rt is probable Ihat incorne w41 be ￿ceIved.
1.$ Exp8ndltsJr•
Liabilities are recogr)i5ed as expenditwe a5 SO￿ as the￿ is a legal or constructNe ¢Y)h.gatw￿ ￿mMittIng the
d)aiity to thal èxpenditure. it is probat4e Ihal a Ir3nsfÈr tjl ÈcorKxmtc benefits will be reqwred In setllemenl and
the amounl of Ihe Obl￿al￿4) can be measured relk2bty. Expendrtufe Is a¢¢ounted for on an accrua15 ba515 and
has been dassified under headings that awregate am cost related 10 the ¢*gory. ￿ere costs cannol be
diredy attribuled to parbwlar hpadiThJs Ilw havè alIc￿ted to act￿￿eS cm a basis ¢on&stenl with the
use ol resources.
Grants payable are tharged in ts ye•r the off8f is made eXC￿p1 in those cases where the offer is
ndilional. such granis ￿Ing recognised as expenditure when the condilions attaching are fulfilled. Gian15
offered subiect lo cond¢tions whK* have not begn m¢1 al the year end date are noted as a ¢ommitmenl bul
)1 a¢Grued as expenditure.
All expenditure is ￿￿￿jSr￿e of iwecoverable VAT.
12-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢ounllng polO¢l¢s
IContinu•dl
1.6 Tangibl• fix•d ass•ts
Tangible fixed assels are inrtialy measured at eosl and subsequently mèasur8d at cost or vauabon, net of
depreciai*)n and any impaiinMI kssses.
Depreciation is iecognised so as lo wnte off cost or vthJal￿n of assets b¥s thw residua values over th￿r
useful liv05 on ts followirKJ bas8$'.
Computer¥
Strathl Line 33%
The gain c¢ loss on Ihe ol an asset is determ1￿0 as the dtherenrA behveen the sale
prweejs the canw'ng vakne ofthe asset. and is recogni5ed in the statery￿nI of finanL?al xtivilwts.
1.7 Investmènt propèrtfje$
Inve51menl pioperty. wh¢h is pro￿rtY h¢kJ to eam renlals andlor Tor ¢aplal appreoalion. Is initially
recogThsed al ¢OSI. which includes the FxKchase cosi and any diredty altribuiable expenditure. Subsequenlly
it is measured ai fair value al the rwknrvJ end date. The sU￿u6 ry defiui on revauation is recogni5ed in
profil orloss.
1.8 Fixgd In¥•stmonts
Fixèd asset Investments are initi'aly measured al transxtion pric8 exdudiThJ Ii¥ns￿ti0n cosl5. are
subsequentty measured al fair value al each rew1in9 date. Changes In fair va*Je we reG(yJni5ed in n¢1
incomel(expendilurel for the yeai. TranSa￿￿n costs are expensed as
1.9 Impairw*nt of fixod
Al eath re￿rtIng end dale. the thanty re¥iews Ihe earryry am04mts of its taryJit4e assets lo determine
whether there Is any indicabon that Ih05e assets have suffewed an ttnpairmenl loss. If any such indication
exists. the r￿0￿rab￿ ol ￿ assel is e6tifftaled in ¢xde¢ lo detwmine Ihe extent of the impawm8nl
loss {rf any).
f .10 Taxallon
The charity 15 ex¥nyl lax on rts tharitabk *i%*ies.
1.11 Con¢•ssionary loans
Concessionary loans are Mea$￿ed in th8 financial statomenls at Ihe •m￿nI pak1, adjusted for any
amounl whKh dee￿1 irrerx>vw8ble Subseqltent walualions we aso at cost vthere advantage has been
taken of the exefflpl￿n avarfable to Plth'c benefft or9anisatws rM)I lo diswunl 5uGh kyans.
13.

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Unre$trict8d Unr•strl¢tsd
funds
general Lady Leech
2024
2024
Total
Unrnstrict•d Unr•strictgd
fund$
funds
general Lady Leech
2023
2023
Total
2024
2023
Rental Income
Income trom Isted
investmènts
Interest receNable
35,826
35.826
40.764
40,764
385.227
62.262
73.376
9.479
458.eAJ3
71.741
68.699
8.166
429,365
59.560
57.394
483.315
82.85$
566.170
452.824
76,865
529,689
Ralslng funds
Unresfficted Unre5trirted
funds
fundg
g•ngrn1 L#dy Leech
2024
2024
Totsl L)nrestrictsJ Unreslricte¢J
fvnds
funds
general Lady Lee¢h
2023
2023
Total
2024
2023
Propety eosls
General property rumiry
cost5
Agents ¢omrni$¥ons
Insurance
Le9a fees
14,CQ4
14.1X)4
4.235
2.921
1.191
4.235
2,921
1,191
Property costs
21.1CQ
21.1(X)
13.253
13.253
Investment ma
ement
72.641
13,836
86.477
68.412
13,031
81,443
93.741
13,836
107.577
81.665
13,031
94,696
14-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2024
Expend1￿￿ on charltable activities
Charitabl*
aetl¥ltles
2024
Ch•ritabl¥
activ1￿e5
2023
Dlr•ct Costs
Deprea8tion aThJ inyrnient
CompLrter costs
Bookkewng and SUPF<ffl
4.177
7.854
2.720
7,967
12.082
10.687
Grant funding ol aG1Th7tM (see note 5>
374.007
402.188
ShJr• of ¥uprM)rt and gov•rnartcè costs Is•e note 61
&Jpp(%l
Goverrhance
12.806
3,648
11.OT7
3.553
402,343
427,505
Analysh by fund
Unrestricled funds . gener
Unreslricled luryts - Lady Leeth
297.360
104,983
345.505
82.000
402,343
427.505
Grants payaljle
Gwanl m8king Gr¥nl makFng
¢osis
costs
2024
2023
Granls 10 insliluts"ons'.
Main fund
Lady Leech (und
269.025
104,982
320.188
82.OCKI
374,007
402.188
15.

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocat•d to acti¥iti•s
2024
2023
Sundries
Bank Charges
Payrol costs
Travel expènse$
Admin wages
Govemance costs
895
702
691
4.318
827
577
1.194
2.479
3.648
3.553
16.254
14,630
Anafy5ed bett¥eeD".
Charitabk actiwt*s
16.254
14.830
N•t movom•nt In funds
2024
2023
The net movement M) fvnd$ i8 Staled after Char￿n￿(Cred￿J)'.
Fees payable for the audit of the charivs fir￿la1 statemenls
Depreciation ol owned tangible fwed assels
3.648
111
Trustee5
NO￿ of the Irustees lor any pef50n5 ry)nnerAed wilh them) receNed any Temurwation or b￿¢r￿S from I
chaity during Ihe yea¥ other th￿ those disd0s￿l in rekled party Iiansactions note to Ihe accounis.
Taxatlo
The tharity 1$ ¢xempt from laxatmx) ￿ its adwib.es becaus8 aa its incxjme ¥4Jled chafitable purposes.
10 Tangible fixed assets
Computgr8
Cost
A¢*klv)ns
999
Al 31 March 2024
999
Depre¢lation and Impalm)ent
DepreGi*ion charged n the ye
Al 31 March 2024
Carrylng amount
Al 31 2024
888
16-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARGH 2024
11 Investment woporty
2024
Falr value
Ai 1 April 2023 31 Ma￿h 2￿24
609.729
12 Fixed asset investments
Llltsd
Investments
o$t orvaluatlon
At 1 Awl 2023
Addrtion$
Valuation
"sposat5
19,299,014
8.267,329
1200,6951
17,126,892)
At 31 March 2024
20,238.756
Carying ¥mount
At 31 March 2024
20.238.756
Al 31 Marth 2023
19.299.014
t3 Dobtorn
2024
2023
Amounts fallin9 du• within on• y•ar.
Rental debtors
Coneessionary bans to charilies
Other debtors
Prepayments and ¥x¥ued wKJJm8
7.277
117.01]0
10.660
331.0)0
3S
6,455
131.820
348.150
2024
2023
Amounts tslllng due after more than ong ygar.
Coneessionw bans to chariti'es
80,245
142,Cl)O
Total dobtor8
212,065
490.150
17-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Curr¢nt a$$et invesknents
2024
2023
Unl￿ted in¥è4m¢rt$
200.CQI
15 Crnditors: amounts falll•)g due within one year
2024
2023
Tradè ¢yèdilors
Other creditor5
Accruals and delerred I￿o￿e
3.317
547
19.605
1.075
2.283
24.049
23,469
27.407
16 Unrestricted fvnd¥- LI￿ Leg¢h
These are unrestrKted funds are material lo the Ltsitrfs actMiEs.
At 1 April
2023
Incoming
Resources
resources expended
Gains and At 31
10¥¥•8
2024
3.056.144
82.855
1118.8191
143.045
3.163.225
Previous year:
At 1 April
2022
Ineomln9
resourGes
Re50urce5
oxpèniknd
Gains and Al 31 hlarc
losse$
2023
3.31)0.192
76.865
19S.031}
1225.882>
3.056,144
18-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Unr•$tri¢tÈd l￿d$
The unre31ric#ed frjnds ol the tharity ec*npri5e unexF*nded balan￿$ ol donation$ and grants whrh are
not subject to speafic cx)ndrf]"ons by donors and grantors as lo hcw they rnay be used. These include
designated hjnds whKh have btren sel asKk (xrt of unrestricted fLmds by the trustee5 foi spe￿fiC purp)ses.
At1Apr
202J
Incoming Resourca$
rnsourtes
expended
Gains and At 31 March
losses
2024
General funds
1B.154.395
483.315
1391,101}
gJ8,761
19.155,370
Pfg¥lou8 y•ai:
At 1 Awil
Incoming
2022 rKourt•¥
R•sourcg5
•xp•nd•d
G*in¥ and At 31 March
losses
2023
General funds
19.314.621
452.824
1427.1701 11.185.880) 18,154.395
18 Analysis ol nel a$￿ts b•t4rt•n lunds
Unr•strict•d UN•#trbctsd
fvnds
funds
generdl Lady L￿ch
2024
2024
Total
2024
At 31 March 2024:
Tangible assels
Investment pioperties
Inveslmenls
Current aSset￿O￿*bI￿tieSI
609.729
17.075.531
1.469.222
e09.729
20,238.756
1.469.222
3.163,225
19.155.370
3.163.225
22.318,595
Unrestricted Unrostri¢tsd
funds
funds
neral Lady Leech
2023
2023
Total
2023
At 31 Marett 2023:
Investment propert
Investments
Current as5etgjok8bdrt￿s)
61YJ.729
16.242.870
1.301.796
609,729
19.2g9.Q114
1.301.796
3.056.144
18.154.395
3.056.1H
21,210.S39
19-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Ca$h generated operatlons
2024
2023
Surpluslldef￿rtI for Ihtr year
1.108.056
17.404.274)
Adjustments for..
Investment income reo)gnisèd in siaièment of financaal
(Gain)Iloss on d￿posal ol investsnen15
Fair Wdlue ga￿5 and k)sses on investM￿tS
Depreciation and Imp•irm¢nl of fixed assets
1586.1701
(1.252.501)
200.695
111
1529.6891
346.545
t.1￿5.217
Movemènts Ki working caprtal..
Decteasellirtfeasel In deblors
(Decrease) in crethlors
278.085
13.9381
174.5581
15,2231
Cash absorbgd by 0￿1￿*0￿•
1235.662
(601.9821
20 A￿ty$1$ ol ¢hangès In fund•
The chanty had no materk4 debl during Ihe year.
21 R•latèd party transactions
Ounng the year thè chanty eniere(l into the frAlowing Iransadion5 wilh relatèd part￿S..
Dunng the year fees t￿aling £6,000 12023. £6.CWI were paKJ to J Leèch lor admlnistrali(M) sgrvicos
provKled. Mrs J LeeGh is Ihe wrfe of Mr R Leech. a Truslee ol Charity.
-20-