Charlty regi$trotion number 11869S7 {England and Wales)
THE WILLIAM LEECH CHARITY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE WILLIAM LEECH CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trust••$
RD Lo9th
OA Stabler
B Wallace
DA Wilkinson
HM Short
Charlty nUM￿r
1186957
Prln¢ipal addrg
rjo Robson Laidtar Accounlanls Ltd
Fernwood House
Fernwood Road
Jesmor7d
New¢aslle upon Tyne
NE2 1TJ
Auditor
Robson Laidler A¢couttsnts Limited
Fe¥nwood Hovse
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ
Soli¢itor•
Muckle5 LLP
Time Central
32 Gallowgale
Newcastte upon Tyne
NE1 ABF
Investment managers
Investec Weatth and Investment Limited
2 Gresham Streèt
London
EC2V 7QN

THE WILLIAM LEECH CHARITY
CONTENTS
Page
Trustees, report
Indèpendent audilorfs report
Slatemenl ol financial activrties
8818n¢è sheet
10
Statement of cash fiows
Notes to the finan¢ial statements
12-20

THE WILLIAM LEECH CHARITY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Irusle85 presenl their annual rèport at)d finarrial siatem&nts for the year ended 31 March 2025.
The financial slalemenls have been prepared in accordance with the accounting poliries sel out in note 1 to the
financial statements and comply with the the Charities Act 2011 and "Accounting and Reporting by Charities..
statement of Recommend¥d Practice applicable lo charities weparing their accounis in ac¢ordan¢e wilh the
Financial Reporting Slandèrd applicable in the UK and Republic of Ireland IFRS 102} leffoctive 1 January 20191"
Obje¢tive$ and activities
In 1972 SIT William Leech set up Thé William Leèch Property Trust {now The Wmiam Leech Charity) an4 donated
lo il some 300 tenanted properties. the rents from which rep￿Sented income for the Charity. Since then most of
the properbès have been 501d and the proceeds of sale. together with the unsold Pfoperties, now fomi the
Twstees, Asset Portfolio.
The Asset Portfolio is divided into tsyo unrestricted designated funds namety The Main Fund and The L8dy Leech
Fund. The Main Fund makes grarils and interest free loans lo registered charities working in Northumberland.
Tyne and Wear and County Durham, whilst The Lady Leech Fund awards grants lo charrties working overseas",
parts"cularfy those with proiects which benefit chiklren in und8¥developed area5 in the world, and which usual
have links with the North East of England. Grants are awarded al the discretic*n of the Trustees.
Objectlv•s and alm$
The obje¢l of the Charity is lo pay or apply Capital or tncome to any charitable society, inslifution or other body fo¥
any charitable purposes. The TNste8s take into account their Guidelines when makn.ng grant awards, but they
are not binding upon them.
Granlmaking
Historicalty the TnJ$l Seuelary has monifored all grant and 1ts8n applicatk?ns which are initially reviewed by the
appeals sub-cornmittee comprising the Chairman. a Trustee and the Trust Secretary before being placed before
the Trustees with the Su￿comMittee,$ ie¢omrnendalions, however moving fo￿ard the charity has developed
and implemented a web basert applicaiion system and has updated the web page to reifect this. Ap￿1¢allonS
received online are now available lo all trustees and the review of new applications is continuous. The trustees
do however dose new applications 2 weeks prior to a trustees meeting.
For some proposed grant$ or loans one OT more Trustees may make further enquiries and feport to the meeting
of Trusteès with a further recommendation before any grant OT loan is awarded. It is the Truslee5' policy
wherever possible lo consider all applications al their bbmonthly meetings. Su¢¢es5ful 8pplicants are required to
provide a written undertaking when they acknowledge receipt of the donation that the grant or loan will be uswj
for the purposes statèd in the orig*nal ap￿iCatiOn and to return any funds not used for that spécrfièd purpose.
Grnnt making policy
The Main Fund awards grants and interest free loans which are made al the discretion of thé Trustees. The
Trustees wish to encourage local Community-spirited people who create and sustain Inte￿$1 in the volLsnlary
sector, and thèy particularfy want to support those who are voluntarily helping others. those with an active
Christian involvement.. and those who arè engaged In areas of great depnvalion. The Tr¢Jstees do not lavoui
giving charitable support to individuals. students. the Arts. holidays and èx￿drtlon5 or minibuses.
The L8dy Leech Fund is used to make gr8nls for overseas projects fowssing primarity on the med￿31.
education81 and environmental needs of ¢hildTen in underdevèloped rA)unlrie$. and also em8rgency aid in
response lo natural disasteis.
The Iruslees have paid due Tegard lo guidance i$SL$6d by the Charity Commission in deading what actiwties the
chaiity should undertake.

THE WILLIAM LEECH CHARITY
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievemonts and p•rformanc8
Investment perfomiance
The Trustees. investmènt objective is lo ger7erate s(th(ient income to allow il to meet ils purpose5 COllSlStently
year on yeaf. while al least maintaining the real value of its capital assets. From time to time the trustees may
distribute in any one year more than the incomè generated In that year, and will use capital lo make up the
difference. On very rare oc¢3sions they may disl¥ibute in any one year less than the income generated in that
year and will invest the undislnbuted in￿me. Over a penod of years, they expect to fully distiibute any
undistributed income from previous years.
As both capital and income may be used * any time IOT the lurth•rance of the Charitys aims and obj8¢ts, the
Stock market portfolio shoLsld be managed on a total retum basis. The detailed invesimenl objectives and
r￿uIrementS ale as follows".
"Balancod" retum betsyeen income and ¢aprtal
Medium
Discretionary
30 years plus
Objective
Risk
Mandate
Time Horizon
The remaining 6 investment properties ¢ompri5e residential tenanted properties and #re induded al their market
value which is adjusted annually u51rsg the IPD UK residenb.al investment index discounted from vacant
posses510n value. Ovèr the year the house price index in the area of the north east where thè properties are
silualed has rèmained $18tic. The Trustees review this poli¢y from time lo time and are satisfied th81 this method
gives a realistic property valuation without incurring undue costs. Wnen a pro￿rty bewmès vacant il is valued
by a chartafed Su￿ey0f and offefed for sale at market value.
Although the Trustees have a discretionary power lo distribute capital, and have done so from lime lo lime. their
long term policy 15 to try to ensvrè that the real value of the capital assets of the Tfust is maintsined.
Fin4n¢lal revlew
Incoming resour¢$s
Total incoming resources for the year arnounled to £624.536. Investment income totalled £624,536 conssstsng of
£39.261 fental income wrth the balance being from dividends and inlere5t.
Exp•ndlture during the year
Of the total resources expended of £1.288.664. £1,098.264 was paid out as grants. Property costs amount to
£22,073. with administration of chantabk activities £12,283 and SLSPPOrt and govemanc* at £61.925.
AnalysÉ$ of net a$$¢ts be￿e¢n funds
Note 18 Sets out an analysis of the assets attributable to the fv40 unrestricted funds. These asséts are sufficient
to meet the Charity's obligations.
Trustees would wish to encfjurage applications from organi58tions Iradilionally supported by the Trustees.
namety charities who are voluntarily helping others, as these have remained subdued. The G¥ant Application
Managemenl System became active at the beginning 012020. It is hoped that now the system 15 lully developod
that il will encourage more tsrgeted appli¢ations and streamline the review procèdures for Trustees.

THE WILLIAM LEECH CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Dhclosuro of Inlorniation to auditor
Each of the trustee5 has confimed that theTe is no informa150n of which they are aware whi¢h is relevant Its the
audit but ol which the auditor is unaware. They have further confimied that they have taken appropriate steps lo
identfy such relevant information and lo establisf> that the auditOT is aware of suth infomation.
The trustees, report was appToved by the Board of Trustees.
RD L￿ch
Trustee
Dated. 12 January 2026

THE WILLIAM LEECH CHARITY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE WILLIAM LEECH CHARITh~.
Opinlon
We have audited the financial statements of The WThlliam Leech Charty (the '¢harity'l for the year ended 31 March
2025 which compiise the slalement of finanual actiwties. Ihtt balance sheèt. the statement of cash ftows and notes
to the finanaal statements. Including significant accounlir7g polifyes. The financial reporting framework that has been.
applied in their prep8ralion is applicable law and United Kingdom Ac£ounting Standards, induding Financial
Reporting Standard 102 Th& Financial Reporting Standard applicable in th& UK and R&public of Ire18nd Iunited
Kingdom Generally Accepted Accounting Practi￿1.
In o¢Jr opinion. the financial slalements..
give a true and fair view of the state of the chanty's affairs as at 31 Marth 2025 and of its incoming ¥esour¢os
and application of resources, fo¥ the year then ended,"
have been properly piepared in attordancg with United Kin9dom Genarnlly Accopted AccoLfnling Practice.,
have been p￿pared in accordance ￿th the Charitigs Act 2011.
8asls for oplnlon
We conducted our audit in a¢¢ordance with Intemalional Standards on Auditing IUK) IISAS {UlQl and applicable
law. Our responsibi1t1￿3 undei those standards are further described In the Audilorfs rnsponsibilifyes lor the audil of
the finsncial statements sedion of our report. We are independent of the charity in a¢¢ordancè with the othical
requirements lttal are relevant to our audit of the financial statements in the UK, induding the FRC'S Ethical
Standard. and we have fU￿111￿d our other Qlhical responsikn'lih'es in accordance with these requiiements. We believe
thal the audit evidence we have obtained 1$ sufficient and appropriate to PToMde a basis for our opinion.
Conclusions rnlatlng to golng ¢onc•rn
In auditing the financaal stslements, V4e have conduded that the trustees. use of the going concem basis of
accounting in the preparatson of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or
condition5 that, individually ot collectively, may cast significant doubt on the charity's ability to continue as a going
concem for a period of al ltrasl tsvelve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the Iruslees with resp¢et to going cor￿eM are described in the
relevant sections of this report.
Other information
The other information compri$&s the informat¢on indu¢Jed in the annual report othef than the financial stslements
and our auditor's report thereon. The trustees are responsible for the other infom*ion contained wrthin the annual
report. Our opinion on the ftnancAal stslements does not cover the other information and we dc* not express any form
of assurance conclusion thereon. Our responsibilty is lo read the olher information and, in doing 50, consider
whether the other infomat¢on is materially iftcon51sl¢nl with the financial $lalements OK our knowledge obtained in
the course of the audit, or Othen￿Se appears to be materially mfSSlated. If we idenbfy Such material in￿nSistenc1es
or apparent material misstatements, wè are required to detomine whether this gives rise to a rr*atersal misstatemellt
in the finanrAal statements ttriemselves. If, based on the work we have perfomied. we conclude that there is a
material misstatemeni of this other infomialion, we ale required lo report that fact.
We have nothing to report in this regard.
Matt•Tr on whl¢h we ar• fequirèd to report by exceptlon
We ha¥e nothing lo report in respect of the following matters in rtrlation to whith th& Charities {Account$ and
Reptrrtsl Regulations 21J08 requires us lo report to you if, in our opinion..
the information given in ltrie financial statements is incortsistent rn any material respect with the trustea$'
report., or
sufficient accounting records have not been kèpl,. or
the financial statements are not in agreemor7t with thè accoLtnb"ng recA)rd$.' or
we have not received all the infomi3lion and ewanations we Tgquire for our audit.

THE WILLIAM LEECH CHARITY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE WILLIAM LEECH CHARITY
Rosponsibilitlès of trustees
As explained more fully in the statement of tru5tees' responsibilrties, the trustees are responsible for the preparation
of the financAal statements and for being satisfied that they give a true and fair view. and for such internal control as
the trustees determine is necessary lo enable tho preparation of finan￿al statements that are free Irtsm material
misstatement. whether due to fraud or erTor. In preparing the financial staiemenls, thè trustees are responsible for
assessing the chaiily s ability lo continue as a going concem. disclosing. as appliGable, matters related lo going
concern and using the going concern basis of accounttng Llnless the trustees either intend to cease operats'ons. or
have no realistic altem*ive but lo do 50.
Audltorf$ rnsponsibillties for the audlt of the flfiaTrcial $tatem¢nts
Vltr have been appointed as èudrtor under sect¢on 144 01 the Charities Act 2011 and report in a¢cordan¢8 wilh the
Act and relevant regulab.ons made or hawng effect Ihereunder.
Our objectives are lo obtain reasonable assurance about whether the finanry81 statements as a whole are free from
matenal misstatèment. whether due to fraud or eTror. and to issue an auditor's ￿port that indudes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan¢e
with ISA5 IUKI will a￿ayS delect a rnalÈrial misstateme￿1 when il exisls. Misslatemtrnts can arise from fraud or
error and are ¢onsidertrd material rf, individually or in the a99regate. they could reasonably be expected to influence
the economic decisions of users taken on the basis ol these financial statements.
The extent to which our procedures are capable of detecting Irregularities, including fraud, is detailed betow.
The risk of material misslaternenl due lo error or fraud has been assessed in conjunction with how internal Controls
may mitigate any such risk. These Gontrols are reviewed as part of the audit by performing systems walkthroughs
to ensure they are operating elfectivety. Analyts"¢al review and substantive testing is also performed on all material
balances and therefore any instances ol non-compliance should be identified cir considered a5 insignificant. In
identifyin9 and assessing risks ol material misstatement in respect of irregulaTitses, induding fraud. the audit
engagement team..
obtained an understanding of the natufe of the industry and sector, it)duding the legal and regulatory
framework, in which the charity operates and how the charity complies with that legal and regulatory
framework
inquired with management and those charged with govemanTr about their own idèntification and
assessment of the risks of irregulafilies, induding any know actU81, suspected or alleged instsn¢es of fraud
discussed with rnanagement and those charged with governance any non-compliance with laws and
regulations and how fraud might ocwr induding assessments ol how and where the financial slalements
may be suscepts.ble to fraud.
The risk of management override of controls was also c¥)nsidefed an area of potenti41 misstatement due lo fraud.
Audit procedures performed included testing of manual jotjfflal entries and other adjustment5 and evaluating the
business rationale in relation to significant, unusual transactions and transactions entered into outside the normal
course of btjsiness.
TheTe are inherent limitations in the audit procedures described above arKI the primary responsibility for the
prevention and detedion of irregularities including fraud resls w¥th management. As with any audit, there remained
a ￿sk of non-dete¢tion of irregulaTlties, as these may involve collusion. forgery. Intentional omissions.
misrepresentations Of Ihe override of Intemal controls.
A furthèr de$￿ptIOn of our responsibilities is available on the Finanual Reporting Counul'5 website at.. https.'Il
www.tr¢.org.uklauditorsresponsibil¥ties. This description forms part of our audrto¢s report.

THE WILLIAM LEECH CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governanc• and managemont
The charrty 15 controlled by ils goveming documonl, a deed of trust, and ¢onslilutes a Charitable Incorporated
Organisation.
Charity constitution
The William Leech Charity is a cbarrtat￿e Incorporated Organisation registgred charity number 1186957. The
PUIPOse ofThe William Leech Charity is to make grants and interest froe loans for chaT¥table PUWises.
The trustees who served during the year and up to the dale of signalule of the financial statements were..
RD Leech
AC GitFord
DA Sl8bler
B Wallace
DA Wilkit)son
HM Short
(Resigned 24 Juty 2024)
Risk managam*nt
The trustees have identified the major strategic business and operational risks to whth the charity might be
posed. and confirni that these have been roviewed and strategies aro established to miti'gate such risks. In
partI￿laT larger grants are only paid after more in depth Tesearch by trustees.
The Trustees, Asset Portfolio, othèr than the few remaining propert1è5. is held in a portfolio of quoted investments
which is managed by external investment managers. Inveslee Wealth and Management Ltd. Trustees meet
a year wrth Investec whts have discretionary powers bul have been given a fvll statement of the Investment
Policy by the Trustees.
Statement of tru$t¢•$' rosponslbllltl•s
The Iru51ees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom A¢couriling Standards (United Kingdom Generally A￿pIed Accounting
Pract￿¢1.
The law applicable 1¢ charities in England and Wale5 requires the Iwslees lo prepare finan(i81 statements for
each financtal year which give a true and fair wew of th& stsle of affairs of th6 charity and ol the in¢oming
resources arid application of resour¢es of the charsty for that year.
In preparing these financial statements, the trustees are reqLtired trJ-.
select suitablè a¢counling poli&es and then apply them consi$lenlly',
obseNe the methods and prinuples In the Charitiés SORP..
make judgements and eslim81es that are reasonable and prudent.,
slate whether applicable accounting sland¥rds have bèen followed, Subject to any rnalerial departures
disclosed and explained in the finanryal statements; and
prepare the financial statements or¢ the going concem basis unless rt is Trnappropriate to presume Ihal the
charity will continue in opèration.
The trusteès are responsibl& for keeping sufficient accounting iec4JTds that dis¢lose with reasonable 3¢curacy al
any time the finanual position of the charity and enable them lo ensure that the financial statements comply with
the Charities Act 2011, the Charity (Acuunts and Reports) Regulations 2008 and the prtsvisions of the trust
deed. They are also responsible for safeguarding the assets of the charty and hence fw takn.ng reasonable steps
for tha prevention and detection of fraud and other irteguEarities.

THE WILLIAM LEECH CHARITY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE WILLIAM LEECH CHARITY
U¥e of our report
Tttis report is made solely lo the ch3rfjty's trustees, as a body, in accordance with Part 4 of the Charili8s IAco)unts
and Report51 RegulalioT7S 2008. Our audit work has been undertaken so that we tTtight stat6 lo the charity's trusteès
those matters we are required lo stale to them in an auditor's ￿pOrt and for no other purpose. To the fuuest extent
permitted by law. we do not accept 01 assume responsibility lo anyone other than the charity and the charlty's
trustees as a body, for our audit wort(. for Ihis feport, or for the opinions we have fomiéd.
Nl¢holas Cunnlngham Msc BS¢ FCCA Isgnlor Statutory Auditor)
For and on behalf of Robson LaidlerAccount8nls Limited, Statutory Auditot
Fèmwood House
Femwood Road
Jesmond
Newcast￿ upon Tyne
Tyne and Vvear
NE2 1TJ
England
12 January 2026
Robson Laidler Accounlanls Limited ss eligible for appointment as atjdiltsr of the charity by wrtLtè of Ils eligibilty for
appointrnent as audf(or of a company under seth.on 1212 of the CornpaniesAct 2006.

THE WILLIAM LEECH CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current financlal yoar
Unr•strictsd Unr•s￿¢ted
funds
fund5
general L¥dy Lee¢h
202S
2025
Total
Total
2025
2024
Notes
ncome from:
Inve51menls
535,770
88.766
624,5
566.170
iturè
Raising fijnds
101.133
15,059
116.192
107,577
Charitable activities
1.OCE.711
165,761
1,172.472
402,343
Totsl •xp•nditure
1,107.844
180.820
1.288,664
509.920
Net gainslllos$es} on investrnents
7,977
1.519
9.496
1.051,806
Not movttm&nt in funds
1564,097)
190.5351 1654.6321
1,108.056
Fund balances al l April 2024
19.155,370 3.163,225 22.318.595
21,210,539
Fund balances at 31 March 2025
18,591.273 3.072,690 21,663,963
22,318.595

THE WILLIAM LEECH CHARITY
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Prior ftnaftcial y•ar
Unostrlct•d Un￿trIC￿d
fund$
fvnd$
general Lady L￿ch
2024
2024
Total
2024
Nots$
Income from..
It)veslments
483,315
82,855
566.170
Ex
ithre on:
Rai￿￿9 funds
93,741
13,836
107.577
Charitablè activities
297.360
104,983
402,343
T¢tal ewnditure
391,101
118,819
509,920
Net gainslllossesl (Jn investments
908,781
143,045
1,OSt.8Q6
Net mov•ment In funds
1,000,975
107,081
1,108,056
FLtnd baL4nces at 1 Aprd 2023
18.154,395
3,056,144 21,210.539
Fund balan¢e$ at 31 March 2024
19,155.370 3,163,225 22,318,595

THE WILLIAM LEECH CHARITY
BALANCE SHEET
AS Af31 MARCH 2025
2025
2024
Mot*¥
Fixed assets
TangiNe assets
Investment property
Inv¢stmer
10
11
12
892
609.729
20,430,420
888
609.729
20,238,758
21.041.041
20,849,373
Curr•nt assets
Debtors
Inveslmonts
Cash al bank and in hand
13
14
1C6.940
212,065
200,000
1,080,626
542,744
649,684
1,492.691
Cr*dltors: amounts falling due within
one ye4r
15
126.7621
123,4691
Nèt ¢urr•nt assets
622,922
1.469.222
Net a$sets
21.663,963
22,318.595
Th• funds of the charfty
Unrestricted lunds- general
Unrestricted funds- Lady Leech
18,591,273
3,072.690
19,155,370
3.163,225
17
21,863.963
22.318.595
The financial st81ements were a
proved by the trustees on 12 January 2026
Trustee
10-

THE WILLIAM LEECH CHARITY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2026
2024
Notes .
Ca$h flows from op•rallng aclvlties
Cash absorbed by operations
19
{1,779,8321
1235.6621
Investing activities
Purchase of tangible fixed assets
Purchase ol investments
Proceeds from disposal of investments
Investment ino)me received
{4181
{10,643,539)
10,661,371
624,536
{9991
18,267.3291
8,379,393
5e6,170
N•t ¢4sh generat•d from investing actlvitl•$
641,950
677,235
Nfjt cash 9ènoratsd from financlng activitles
Net Idecreasellln¢re#se in cash and c#$h
equivalents
1537,8821
441,573
Cash and cash equivalents at beginning of year
1,080.626
639.053
Cash and cash oquiyalents at end of yèar
542.744
1,080,626

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting polici¢$
Charity Informatlo
The William Lèech Charity is a Charitable Incorporated Organi5alion, charity r*umber 1186957.
1.1 Accounting convention
The financial statements have been Prepafed in accordance with Ihe chafity's govèrning document. the
Charities Act 2011 and "Accounting and Reporting by Ch3rities.' Stalement ol Recommended Practice
applicable to charittes preparing their accounts in accordan¢e with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 leffèctive 1 January 20191" The cha￿ty is a Public
Benefrt Entity as defined by FRS 102.
The financial slalèmenls are prepared in Ste￿Ing. which is the functional curiency of the chanty. Monetary
amounts in these fin8nual 9talements are rounded to the nearest £.
The finanaal ststemenls have been prepar&d under the historical cost convention, modffied lo include
investment properties and certain financlal in51tuments al fair value. The pnneipal a￿oUntIng policies adopted
are set out below.
1.2 Going cone•rn
At the lime ol approwng the financial statements. ihe Iruslees have a ￿aSOnable expectation that the charty
has adequate resour¢es to conlinutr in operational existence for the foreseeable fvIuTe. Thus the trustees
continue to adopt the going concern basis of accounting Irs preparing the financial stalemenls.
1.3 Charitablè fundy
Unre51ricted fund5 arè available for use al the discietion of th¢ trustees in ftsrtheTance of their chafitable
objectives.
Restrided funds are subject to specific conditions by donors or grantors a5 to how they may be used. The
purposes and vses of the reslncted fund5 are set out in the notes to the financial statements.
Endowment lund$ are subject to speufic condition$ by donors Ihal the capital must be maintainèd by the
charity.
1.4 In¢omo
Income is recognised when the charity is legally enlilled to il afier any perfomance conditions have been met,
the amounts can be measured reliably, 8nd il is probable that income will be received.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constntdivg obligation committing the
charity lo that expenditure, it IS Pfobable that a transfer of eGonomic benefits will be fgquired In settlement and
the amount of the obligation can be measL*red reliably. Expendituré is account￿ for on an accrua15 basis and
has been dassified under headings that aggregate 811 Cost related to the category. V￿eFo Costs cannot be
directly attributed lo particulaf headings they have been allocated lo activities on a basis consTrslent with V)8
use of resources.
Grants payable are chargert in the year when the offer is made exeept in thos8 cases where the offer is
conditional. sudi grants being re¢ognised as expenditure when the conditions attaching are fulfilled. Grants
offered subject lo ￿nditionS which have not been met at the year end date are noted as a commitrnenl but
not accrued as expenditure.
All expenditure is indusive of irrecoverable VAT.
12-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢¢ounting pollcl•$
Icontlnuedl
1.6 Tanglbk Ilx•d assèts
Tangible fixed assets are initialty measured at r£*sl an¢J subsequenlly measurad al Cost or valuation, nel of
depreciatson and any impaimient losses.
Depfgoalion 15 recognised so as lo write off the cost or valuation of assgls te$5 their residual values over their
useful lives on the following bases..
Computers
Straight Line 33%
The gain or lo$$ arising on the disposal of an assel is detenninèd as the dIff0￿nCe be•￿een the sate
pro¢eeds and the carrying valug of Ihe asset, and 1$ re￿gnISed in the statèment of financial aclivities.
1.7 Invèstment proporti08
Investmènt property. which is property held to eam renta15 andlor foi caprtal apprecAation. is inrtially
rècoyni5ed at cost, which indL*des the puichase Cost and any directy attributable expenditure. Subsequentty
it is measured at fair value al the reporting orxl dale. The Su￿1￿5 or deficit on revaluation is fecognised in
profit or loss.
1.8 Flxed a$$et investments
Fixed asset investments are initially measured al transaction price exduding transact￿n costs, and are
subsequenlty Tneasured at fair valve al each reporting dale. Changes in lair value are recognised in nel
in¢omellexp6ndilU￿I for the yeai. Transaction ￿)sIS are expensed as inujrred.
1.9 Impa[m￿nt of fixed assets
At each reporting end dale, the charity re¥riews the carrying amourrts of its tangible assets lo detemiine
whether there is any indication that those assets have suffered an impaimerrt 1055. If any s4Jch indi¢alion
exists. the recoverable amount of the asset 1$ esty"maled in order lo delemine the extent of the impaifment
loss Irf any).
1.10 Taxation
The charity is exempl from lax on ils charitable a¢tiwties.
1.11 conc￿*10n1ry loans
Concessionary loans are inrtially measured in the finanual statements at the amount paid, adjusted for any
amount which is deemed Irre¢oveTable. Subsequent valuatKJns are aiso al cost where adwantsge has been
tsken of the exemptitsn available lo publi¢ benefit organisations not lo discount such loans.
13-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Investmonts
Unrnstricted Unr•strict¢d
funds
fund$
genero1 Lady Lee¢h
202S
2025
Totsl
Unre$tri¢ted Unre$trl¢t•d
funds
funds
general Lafty Leèch
2024
2024
Totsl
202S
2024
ReFtsI income
Income from listed
investments
Interest receivable
39,261
39,281
35,826
35.826
342.506
154,003
65.240
23,526
407,746
177,529
385,227
62,262
73,376
9,479
458.603
71.741
535,770
88,766
624.536
483.315
82.855
586.170
Raising fund8
Unre$trl¢ted Unrt8trlctsd
funds
funds
gèn•ral Lady Leech
2025
2025
Total Unrestricted Unreslricted
nds
fund5
general Lady Leech
2024
2024
Total
2025
2024
Property costs
Genèral propety njnning
C051$
Agents commissions
Insurance
Legal fees
13,482
4,615
2,936
1,038
13,482
4,615
2.938
1.038
14,004
4,463
2.633
14,004
4,463
2,633
Pioperty costs
22,073
22.073
21.100
21.100
nv
stmenl mana
emenl
79,060
15.059
94.119
72,641
13.836
86.477
101,133
15.059
116,192
93,741
13,838
107,577
14-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expènditure on charitablè aclviti¢$
CharTrtable
activities
2025
Charitable
activities
2024
Dlrè¢t costs
Depreciation and impairment
Computer costs
Bookkeeping and support
414
2,789
9,080
4,117
7,854
12,283
12.082
Grant tjnding ol activities (see note Sl
1,098,264
374.007
Share of support and govèrnancè costs Is•• note 61
Support
Govaman¢e
58,085
3,840
12,6(
3.648
1,172,472
402.343
Analysis by fund
Unreslricled funds- general
Unrestricted fiJnds- Lady Leech
1,006.711
165.761
297.360
104.983
t,172.472
402.343
Grants payabl8
Grant making Grant making
costs
costs
2025
2024
Grants lo institutions..
Main fund
Lady Lèedi fund
932.503
165.761
269,025
104,982
1.098.2e4
374,007
15

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs alloeated to aetlvitie¥
2025
2024
Sundries
Bank charges
Payroll costs
Travel expenses
Admin wage5
Management fee
Govemance costs
B26
821
380
1.078
2.500
52.500
3.840
895
702
691
4,318
6,000
61.925
16.254
Analys•d befv￿en:
Charttable activth.es
61,925
16,254
Net mov•ment In funds
202S
2024
The nel movement in fvnds is slated after char9ingllcredittng)'.
Fees payable fof the audit of the charity's financial slalements
Depreciation of owned tangible fixed assets
3,840
414
3,648
Trnsteé$
None of the tTUSlees lor any persons connected with them) received any remune¥81ion or benefits from the
charity during the year other than those disclosed in the relale¢J party transadions note to the accounts.
Taxatlon
The charity is exempt from tsxation on its acttvities because all its income is applied for charrtable purposes.
16-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Tangiblo ftxed asuts
Computors
Cost
Al 1 April 2024
Additions
999
418
At 31 March 2025
1.417
Deprnclatjon and Impalmient
Al 1 Apnl 2024
Depreciation ¢haiged in the year
414
At 31 March 2D25
525
Carrylng amount
Al 31 March 2025
892
At 31 March 2024
11 Inveslment prop•rty
202S
Fair valuo
At 1 April 2024 and 31 March 2025
609,729
12 Fix•d asset Investmfynts
Listed
Investmonts
Cost or valuation
At l April 2024
Addit4'0ns
Valuation changes
Transfers
Disposals
20.238,756
10,613.461
I2,038.￿8)
230.079
(8,814.908}
At 31 March 2025
20.430.420
Carrying amount
At 31 March 2025
20,430,420
At 31 March 2024
20,238,756
17-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Debtors
2025
2024
Amounts falling duo within one year:
Rental debtors
Concessionary loans lo tharsties
Other Eleblofs
Prepayments and accwed income
6,720
18.051
35
8.134
7,277
117,000
35
7.508
32.940
131.820
2025
2024
Amounts f•lllng due aft•r moro than on• year.
Concessionary loans lo charities
74.000
80.245
Totsl debtors
106.940
212.065
14 Currgnt au•t Investments
2025
2024
Unlisted investments
200.000
IS Cf•dltorn: amounts falling due withln one year
2025
2024
Trade Creditors
Olhef ¢reditor5
Ac¢ruals and deferred income
1,189
45
25.528
3,317
547
19,605
26.762
23,469
16 Unrestricted fund#
The un¥estricted funds of the charity comprise the unexpènded balances ol donations and gran15 whi¢h are
not subject to specific condrtions by donors and grantors as lo how they may be used. These include
designated funds which have been set aside oul of uniestricted fund5 by the twstees lor specific purposes.
At 1 April
2024
Incomlng
v•sourceJ
Resourc•s
expended
GaTn¥ and At 31 Mareh
los¥•$
2025
General funds
19,155,370
535.770
11,107,844)
7.977
18.591.273
18-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Unrnstrl¢tèd fund
Iconvnuedl
Pr•vlous year:
At l April
2023
Ineoming Resources
$ources
expendèd
Galns •nd At 31 Mar¢h
losses
2024
General funds
18.154.395
483,315
1391,1011
908.761
19,155,370
17 Unyestrictod fund$ - Lady Leech
These are unrestricled fvnds which are matersal tg the chartys 8ctivities.
At l April
2024
Incomlng Re$ources
r•$oui¢e#
ex￿nd&d
Galns and At 31 March
lo$$e3
202S
3,183.225
88,766
{180.8201
1.519
3.072.690
Prèvious year:
At 1 Aprfl
2023
In¢oming
resources
Resoure•8
•xpend¢d
G#in$ and At 31 March
losses
2024
3,056,144
82,855
1118,8191
143,045
3,163,225
18 Analysis ol net assgts b&ts¥••n funds
Unrestrictsd Unrestricted
funds
funds
goneral Lady Le¢¢h
2025
2025
Totsl
2025
At 31 Mar¢h 2025-
Tangible assets
Investment properttes
Investments
CurTent a5setsllliabilitiesl
892
609.729
17.357.730
622,922
892
609.729
20,430.420
622,922
3,072,690
18,591.273
3,072,690
21,663,983
19-

THE WILLIAM LEECH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Analysis of net assfrts betwe•n funds
IContinuÈdl
Unr•gtricted Unrestrlet¢d
funds
funds
gen•ral L•dy Leech
2024
2024
Totsl
2024
At 31 March 2024:
Tangible assets
Investment properties
Investments
Current assetsllliabilitiesl
888
609,729
37.075,531
1,469,222
888
609.729
20.238,756
1.469,222
3,163,225
19,155,370
3.163.225
22,318.595
19 Cash gen¢rated from oporatlons
202S
2024
(Defiatllsurpus foi the year
1854,6321
1.108.056
Adjustments for.
Inve51menl income Tecognised in slalemenl of financial activitiès
Gain on disposal of investments
Fair value gains and losses on Investments
Depreciation and imp8imient of tangible fixed asset3
1624.5361
12.046,4631
2,036,967
414
1566.1701
11.252.501}
200.695
Movements in wo¥king capital..
D8iyease In debtOTS
Increaselldecrea5el in credrtors
105.125
3.293
278.085
13,9381
Cash absorbed by oporations
11,179.8321
1235.662)
20 Related party tr#nsactlon$
Ourin9 the year the charity entered into the following transactions with related parties.
Fees tolalling £2,50012024.. £6,000) wore paid lo Mrs J Leeth for 3dminislration sefwces prowded. Mrs J
Leech is the wsfe of Mr R Leech. a Trustee of Ihe Charity.
Fees lolalling £52,SIIO (2024'.Nill was paid lo MT R Leech and Mrs J Leech for management servicos
provided.
21 Analy81$ of changès in netlunds
The charity had no material debt duftng the yea¥.
20-