Charity number: 204844
THE LEACH FOURTEENTH TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022

THE LEACH FOURTEENTH TRUST
CONTENTS
Page
Reference and administrative details of the Charity. its Trustees and advlsers
Trustees. report
Independent examiner's report
Statement of flnancial activities
Balance sheet
Notes to the financial statements
7-16

THE LEACH FOURTEENTH TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2022
Trustees
Mr W l Henderson
Mrsl MMNash
Mr R Murray-Leach
Ms T Murray-Leach
Mr G Nash
Mrs K Brooking
Charlty Teglstered number 204844
Principal offlce
GosbTook Cottage
Common Lane
Binlield Heath
Henley-On-Thames
RG9 4JY
Accountants
BHP LLP
Riev3ulx House
I St Mary's Court
Blossom Street
York
Y024 IAH
Bankeis
CAF Bank Limited
25 King5 Hill Avenue
West Malling
Kent
ME19 4JQ
Solicltors
Wrigleys
19 Cookridge Street
Leeds
LSI 3AG
Ivvestment Managers
R3thbone Investment Manager5
8 Finsbury Circu5
London
EC2M 7AZ
Independent Examlner
Mr G Baragwanath FCA
8-10 Millgate
Thirsk
North Yorkshire
Y07 IAA
Page I

THE LEACH FOURTEENTH TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2022
The Trustee5 present their annual report together with the fin3ncial Statements of the The Leach Fourteenth Trust for the
year 6 April 2021 to 5 April 2022.
The flnancial statements have been prepared in accordance with the accounting policie5 set out in the notes to the
accounts and comply with the charity's governing document, the Charities Act 2011 and Reportlng by Charities.. Statement
ol Recornrnended Practice applicable to charltiÈs preparing their account5 in accordance with the Financial Reporting
Standard applicable in the UK and Republlc af Ireland published in October 2019.
Obiectlves tsndactfvlties
Poll£ies and oblectlves
The object ol the charity is to support charitable activities through the making of grants to appropriate institutions and
individual5,
In setting objectives and planning for activities, the Trustee5 have given due consideration to general guidance published
by the Charity Commission relating to public benefit, including the 8uidance'Public benefit.. running a charity IP821'.
b. Grant maklng pollcles
The charlty invites applications for funding. The application5 are reviewed ag8inst the criteria set out in the Trust Deed. In
the current year the Trustees have awarded grants in exercise of their discretion.
Achievement5 GndperJormun
Revlew of actlvities
The charitv 15 8 general charitable trust and the trustees have discretlon to pay the income and the capital of the Trust for
such charitable purposes and obj&cts a5 they from time to time decide. The Trustees Consider application5 for funds 2nd
decide what distribution5 Should be m8de.
During the year, the charity gave grant5 totalllng £78,00012021.. E102,0(MJl to a totsl of 5012021.. 611 separate tharities.
Flnan£iolreview
Golng concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resource5
to continue in operation31 existence for the forosee3blo future. For this r@3s0n, they continue to adopt the going concern
basi5 in preparing the financial statements. Further details rogarding the adoption of the going concern basis can be found
in the accounting policies.
b. Reserves pollcv
It Is the policy of the charity to maintain unrestrirted reserve5. which are the free reserve5 of the charity not invested in
fixed assets, at a level which equates to approximately six months unrestricted expEnditure. At this level, the trustees feel
that they would be able to continue the current activities of the charity. At present the free reserve5, which amount to
£32.144 12021.. £21,1381 are below this level.
Page 2

THE LEACH FOURTEENTH TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2022
Structure, governunce und munogement
a. Constltution
The Leach Fourteenth Trust Is a registered charity, number 204844, is operational under the rules of its Settlement Deed
dated 2 August 1961.
b. Methods of appolntment or elettlon of Trustee5
Trustees are Tecruited from withln the family together Wlth their a5SOC13ted professional advisors. Potential Trustee5 are
Invited to be in attend3nce at meetings prior to their appointment asTrustees.
c. Financial risk management
The Trustees h3ve assessed the major risks to which the Charity is exposed, in particular those related to the operations
and finances of the Charity, and are satlsfied that systems and procedures are in place to mit18ate exposure to the rnajor
risks.
Statement of Trustees, responslbilitles
The Trustees ère r@sponslble lor preparing the Trustees, report and the financial st3tements in accordantt with appSicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wale5 requires the Trustees to prepare financial statements for each financial
which give a true and fair view of the state of allairs of the Charity and ol its incomlng resources and application ol
resources, including its income and expenditure, for that period. In preparlng these financial statements, the Trustee5 are
required to..
select suitable accounting pollcies and then apply them consistentlv.,
observe the methods and principles ol the Charities SORP IFRS 1021,.
make judEment5 and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departure5 disclosed and explained in the financial statements.,
PTepare the financial statements on the going concern basls unless It is inappropriate to presume that the Char4ty
will continue in busines5.
The Trustees are responsible for keeping adequate accounting record5 that are sufficient to show and exp131n the Charity's
transactions and disclose with reasonable accuracy at any time the linanclal position of the Charity and enable them to
ensure that the linanci315tatements comply with the Charities Act 2011, the Charity IAccount5 and Reports) Regulations
2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence
for takin8 reasonable steps for the prevention 3nd dotection of fr3ud and other irregularities.
Approved by order ol the member5 of the board of Trustees arsd slgned on their behalf bv..
Date.. 19 October 2022
Page 3

Guy Baragwanath 20/10/2022 Guy Baragwanath (Oct 20, 2022 11:08 GMT+1) 



THE LEACH FOURTEENTH TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2022
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from..
73,625
Investments
90,853
90,853
73,625
Total income
90,853
90,853
Expendlture on:
Raising funds
Charitable activitles
20,098
86,740
20,098
86,740
18,057
110.441
Total expendtture
106,838
106,838
128,498
Net expenditure before net gains on Investments
Net gains on investrnents
115,9851
IIIA51
115.9851
111,451
154,8731
872,372
Net movement in funds
95,466
95,466
817,499
Reconciliation of funds:
Total funds brought forward
Net movernent in funds
4,059,653
95.466
4,059,653
95,466
3.242,154
817,499
Total lunds carried forward
4,IS5,119
4,155,119
4,059.653
The notes ori pages 7 to 16 form part of these financial statements.
Page 5

THE LEACH FOURTEENTH TRUST
BALANCE SHEET
AS AT 5 APRIL 2022
2022
2022
2021
2021
Note
Fixed assets
Investments
io
3,985,334
3,971,097
3.985,334
Current assets
3,971,097
Cash at bank and in hand
169.785
88,556
169,785
88,556
Net current assets
169,785
88,556
Total net assets
4,155,119
4,059,653
Charlty funds
Unrestricted funds
li
4,155,119
4,059,652
Total funds
4,155,119
4,059,653
The financial ststernents were approved and authori5ed for issue by the Trustees and signed on their behalf by..
Date., 19 October 2022
The notes on pages 7 to 16 form part of these flnancial statements.
Page 6

THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
General Inlormatlon
Leach Fourteenth Trust Is a registered charity in England and Wales, and is operational under the rules ol its
Settlement Deed dated 2 August 1961. The principle office of the charity 15 Gosbrook Cottage, Common Lane,
Binlield Heath, Henley-On-Thames, RG9 4JY.
Accountlng pollcies
2.1 Basis of preporatlon olAtinL7nclo15totements
The financial statements have been prepared in accordance with Accountlng 3nd Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic ol Ireland IFRS 1021, the
Charities Act 2011, and UK Generally Accepted Accounting Practice.
The financi31 statements h3ve been prepared to give a 'true and fairf view and have departed from the
Ch2ritie5 (Accounts and Report51 Regulations 2008 only to the exrent required to provide a 'true and lair,
view. This departure has involved following the Charitles SORP IFRS 1021 publlshed on 16 July 2014 rather
than the Accounting and Reportlng by Charitie5.' Staternent of Reeommended Practice effective from l April
2005 which has since been wlthdrawn.
The Leach Fourteenth Trust meets the definition of a public benefit entity und2r FRS 102. A55ets and liabilities
are initially recognised at historical cost or tran53Ction value unless otherwise stated in the relevant
accounting pollcv.
2.2 Income
All income is recognised once the Charity has entitlement to the income. it Is probable that the income will be
received and the amount of Income receivable can be measured reliably.
2.3 Expenditure
Expendlture is recognlsed once there is a legal or constructive obligation to transfer economic ljenelit to a
thlrd party, It is probable that a transfer of economic benefits wil1 be required in settlement and the amount
of the obligation can be measured reliably. Expenditure is cla5slfied by activity. The cost5 of each activity are
made up of the total ol direct Costs and shared costs, including Support costs involved in undertaking each
activity. Direct costs èttributable to a single activity are alloc3ted directly to that activity. Shared costs which
contribute to more than one activity and support cost5 which are not attributable to a Single activity are
apportioned between those activities on a basis consistent with the use of resources. Central stall costs are
allocated on the basis of time spent, and depreciation charges allocated on the porilon of the asset's use.
Expenditure on r3islng funds includes all expenditure incurred by the Charity to raise funds for 5ts charitable
purposes and include5 costs of all fundraSsing actlvities events and non-charitable trading.
Expenditure on charitable activitie5 is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Page 7

THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2022
Accountlng pollcles Icontinuedl
2.3 Expenditure fcontinuedj
Grants payable are charged in the year when the offer is made except in those cases where the offer Is
conditional, such grants being recognised as expenditure when the conditions 3ttaching are fulfilled. Grants
offered Subject to condltions whlch have llot been met at the year end are noted as a tomrnitment, but not
accrued as expenditure.
All expenditure Is inclusive of irrecoverable VAT.
Z.4 Interestrecelvoble
Interest on funds held on deposlt is included when receivable and the amount can be measured reliably bv
the Charlty,. this is normally upon notification ol the interest p3id or payable by the institution with whom the
funds are deposited.
2.5 Toxotion
As 2 charity, The Leach Fourteenth Trust is exempt from tax on income and gains fallin£ wlthin the available
tax exemptions to the extent that these are applied to its charitable objectives. No tax charges have arisell in
the charity.
2.6 Investments
Fixed asset investments are a form of financial Instrument and are initially recognised at thelr transaction cost
and Subsequently measured at fair value at the 8a13nce sheet date, unle55 the value cannot be measured
reliably in which case it is measured at eost less impairment. Investment gains and losses. whether realised or
unrealised, are combined and presented as 'Gains/lLossesl on investments, in the Statement of financial
2.7 Cosh ut bank In hund
Cash at bank and in hand includes cash and short-term hi8hly liquid investments with a short maturity of
three month5 or less from the date ol acquisition or opening of the deposit or similar account.
2.8 Finunchl instruments
The Charity only has financial assets and financial liabilities of a klnd that qualify as basic financial
instruments. Basic firn3ncial instruments are initially reco8n15ed at transaction value and subsequentlv
measurod at their Settlement value with the exception of bank lo&ns which are subsequently rneasured at
amortlsed cost using the effective interest method.
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and whlch have not been designated for other purpose5.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund 15 Set out in the notes tts the financial 5tatement5.
Investment income, 8èins and losses are allocated to the appropriate fund.
Page 8

THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Investment Income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Income from UK listed investments
Bank interest received
90,849
90,849
73,606
19
90.853
90.853
73.625
Total 2021
73,625
73,625
Investment management costs
Unrestricted
funds
2022
Total
fund5
2022
Total
funds
2021
Investment management fees
20,098
20,098
18.057
Total 2021
18,057
18.057
Analysls of grants
Grants to
Institutlons
2022
Total
funds
2022
Total
funds
2021
Income fund
78,000
78,000
102,000
Total 2021
102,000
102,QOO
A total of 55 grants were made during the ye3r12021.. 731. See not& 6 for details of the grants made in the year.
Page 9

THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Grants payable In the year
The grants payable in the year comprise..
2022
2021
Action Against Hunger UK
Action Medical Research
AgeUK
Akwaaba Migrant Soclal Centre
Alexander Devine Children'5 Cancer Trust
Bar3ka Community Partnerships
8arnados
1,500
1.000
1,500
1,000
4.000
2,000
1,000
4,000
2,500
1,000
Be Free Young Carers
Become
1,000
1.000
1.500
I,ODO
CALM
1.000
Canine Partners
1,000
Carers Trust
3.500
Catch-22
1,000
1,000
Chlld Brain Injury Trust
Cornwall Air Ambulance
i.(M)o
1,000
1,500
Crohns and Colitis UK
Dealblind UK
1.500
2,000
2.OCM)
DEBRA
1.000
Dementia Trust
1,000
1,500
Dogs for Good
Douglas Bader Foundatio
Durrell Wlldlife Conservation Trust
Fareshare
1.000
1,000
3,500
4,500
1,500
i.soo
Fareshare South West
Friends ol The Elderly
Globalteer
1,000
1,000
Hackney Winter Night Shelter
Hart Wildlife
1,000
2,500
1,000
3,500
1,000
2,000
He3mochromatosis UK
Hope 2nd Homes for Children
Hope for Tomorrow
Huntington's Disease AsSOCl8tion
Isles of Scilly Museum Association
2.000
2,000
1,000
Page 10

THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
julian House
1,000
1,000
2,500
2,000
1.000
1,500
lumbulance Trust
Kent Hefugee Action Network
Klds for Kid5
2,000
1,500
Lupus UK
Macular Society
MACS
1,000
1,000
M3ggie's
Medicins Sans Fronrleres
1,500
15,(X)O
1,000
2,000
1.000
11,000
Mercy Ships
MND Association
1,500
Mobility Trust
Movember Foundation
1.500
Multiple Sclerosis Society
Muscular Dystrophy Society
NARA
1,000
1,500
1,000
1,000
Orbis
I,soo
1,000
PMNW
Population Matters
Prostate Cancer UK
1,000
I,soo
1,000
4,500
1,500
Refugee Council
Salvation Armv
Samaritan5
3.500
Separated Child Foundation
Support Dogs
Support Line
Surfers Against Sewage
Thames Valley Alr Ambularice
The CountyTru5t. Suffolk
The Cure Parkinson's Trust
1.000
1,000
1,000
I,(M)O
1,000
1,000
3,000
1,500
2,500
1,000
The Forever Friend5 Appeal
The Green House
1,000
The Leanne Pero Foundation
1,000
The Mustard Tree
1.000
1,000
The PCC of the Isles of killy
The Royal British Legion
The Royal Star & Garter Home
The Tuberous Scler051s Associ3tion
i.O(M)
1,000
1,500
1,000
Triangle Arts Trust
Tusk Trust
1,000
1.000
1,000
Page 11

THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Water Aid
1.500
Whizz-Kidz
1,000
1,000
1,500
World L3nd Trust
1,000
3.500
Grants given under £1,000
78,000
102.000
Analysls of expenditure by expendlture type
Unrestrl¢ted
funds
2022
rotal
funds
2022
Total
funds
2021
Investment management costs
Grants payable
Governance costs
20,098
78,000
8.740
20.098
78,000
8,740
18,057
102.000
8,441
Totu12022
106,838
106,838
128.498
Total 2021
128,498
128,498
Governance costs
Unrestricted
fund5
2022
Totsl
fund5
2022
Total
funds
2021
Accountancy fee5
Bank charges
8.616
8,616
124
8.364
124
77
Tota12022
8,740
,740
8,441
Total 2021
8,441
8.441
P3ge 12

THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Tru5tees' remuneratlon and expenses
During the year, no Trustees recelved any remuneration or other benefits12021- £NILI.
During the year ended 5 Aprll 2022. no Trustee expenses have been incurred12021- £NILI.
io.
Flxed asset Investments
Other fixed
a55et
investments
Llsted
investments
Total
Cost or valuotion
At 6 April 2021
Additions
3,941,096
247,922
1330.5541
96,869
30,001
3,971.097
247,922
1330,5541
96,869
Disposals
Revaluations
At S April 2022
3.955,333
30.001
3,985.334
Net book value
At 5 April 2022
3.955,333
30,001
3,985,334
At 5 April 2021
3,941,096
30,001
3,971,097
All the fixed 35set investments are held in the UK.
The value ol the Investments allotted under ranges under the Trustee Investrnent Act is as lolli)ws'. Broad range..
£3.233,01512021.. £3.198,1751. Narrow range: £752,31912021.. £772,922).
Page 13

THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
li.
Statement of funds
Statement of fund5. current year
Balance at 6
April 2021
Gatns/
(Lossesl
Balance at 5
Aprll 2022
Income
Expendltvre
Unrestrlttedfunds
Designotedfunds
Capital account
4.038.515
126,9911
111,4SI
4,122,975
Generulfunds
Income account
21,138
90,853
179.8471
32,144
Totol UnrestrktedAunds
4,059,653
90,853
1106,8381
111,451
4,155,119
The incorne fund represents the free funds of the charity which are 3vailable for distrlbution for such charitable
purposes and objects as the trustees frorn time to tirne decide.
The capital fund represents the total flxed asset inve5trnents that are malntained in separate capital accounts for
the purpose of generating sufficient income for the continuing of the charity's objects.
Statement of funds- prlor year
alance at
6 April 2020
Gains/
Balance at
IL055esl 5 April 2021
Income
Expenditure
Unre5trtictedfvnd5
De5ignutedAunds
Capital account
3,190.891
124.7481
872,372
4,038,515
Generolfunds
Income account
51,263
73.625
1103,7501
21.138
Totul Unrestrictedfvnds
3,242.154
73,625
1128,4981
872,372
4,059,653
Page 14

THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
12.
Summary of funds
Summary of funds- current year
Balance at 6
Aprll 2021
Gatn51
ILossesl
Balance at S
Aprll 2022
Income
Expeftditure
Designated funds
General funds
4,038.515
21,138
126,9911
179,8471
111,451
4.122,975
32,144
90,853
4,059,653
90,853
1106,8381
111.451
4,155,119
Summary of funds- prlor year
Balance at
6 April 2020
G3in51
(Losses)
B31ance ar
5 April 2021
Incorne
Expenditure
Designated fund5
Gener31 funds
3,190.891
51,263
124,7481
1103,7501
872,372
4,038,515
21,138
73,625
3,242,154
73,625
1128,4981
872,372
4,059,653
13.
Analysis of net assets between funds
Analysis of net assets between funds- current year
Unrestrlcted
funds
2022
Total
funds
2022
Fixed asset investments
3.985,334
169.785
3,985,334
169,785
Current assets
Totul
4,155.iig
4,155,119
Pège 15

THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
13.
Analysi5 of net assets betwoen funds Icontinuedl
Analysls of net assets between funds- prlor year
Unrestricted
funds
2021
Total
funds
2021
Fixed asset investments
Current assets
3,971,097
88,556
3.971,097
88,556
Total
4,059,653
4,059,653
Page 16

Final Audit Report 

## Leach 14th 05.04.2022 

2022-10-20 

Created: 2022-10-20 By: Micheal Wooldridge (micheal.wooldridge@bhp.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAJ9rmOWH15Meqqmzz0KYQJRW7WgGgXSmf 

## "Leach 14th 05.04.2022" History 

Document created by Micheal Wooldridge (micheal.wooldridge@bhp.co.uk) 

2022-10-20 - 7:52:39 AM GMT- IP address: 81.23.52.242 

## Document emailed to guy@cgb-associates.com for signature 

2022-10-20 - 7:53:09 AM GMT 

## Email viewed by guy@cgb-associates.com 

2022-10-20 - 10:07:35 AM GMT- IP address: 51.155.136.224 

Signer guy@cgb-associates.com entered name at signing as Guy Baragwanath 2022-10-20 - 10:08:54 AM GMT- IP address: 51.155.136.224 

## Document e-signed by Guy Baragwanath (guy@cgb-associates.com) 

Signature Date: 2022-10-20 - 10:08:56 AM GMT - Time Source: server- IP address: 51.155.136.224 

## Agreement completed. 

2022-10-20 - 10:08:56 AM GMT