Charity number: 204844
THE LEACH FOURTEENTH TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 17 |
Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024
| Trustees | Mr W J Henderson |
|---|---|
| Mrs J M M Nash | |
| Mr R Murray-Leach | |
| Ms T Murray-Leach | |
| Mr G Nash | |
| Mrs K Brooking | |
| Charity registered number 204844 Principal office Gosbrook Cottage Common Lane Binfield Heath Henley-On-Thames RG9 4JY Accountants BHP LLP Rievaulx House 1 St Mary's Court Blossom Street York YO24 1AH Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Solicitors Wrigleys 19 Cookridge Street Leeds LS1 3AG Investment Managers Rathbone Investment Managers 8 Finsbury Circus London EC2M 7AZ Independent Examiner Mr G Baragwanath FCA C & GB Associates 37-39 Westgate Thirsk North Yorkshire YO7 1QR |
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together with the financial statements of the The Leach Fourteenth Trust for the year 6 April 2023 to 5 April 2024.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published in October 2019.
Objectives and activities
a. Policies and objectives
The object of the charity is to support charitable activities through the making of grants to appropriate institutions and individuals.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Grant making policies
The charity invites applications for funding. The applications are reviewed against the criteria set out in the Trust Deed. In the current year the Trustees have awarded grants in exercise of their discretion.
Achievements and performance
a. Review of activities
The charity is a general charitable trust and the trustees have discretion to pay the income and the capital of the Trust for such charitable purposes and objects as they from time to time decide. The Trustees consider applications for funds and decide what distributions should be made.
During the year, the charity gave grants totalling £94,500 (2023: £92,000) to a total of 41 (2023: 42) separate charities.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
It is the policy of the charity to maintain unrestricted reserves, which are the free reserves 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 reserves, which amount to £59,995 (2023: £41,520) are below this level.
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
Structure, governance and management
a. Constitution
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 appointment or election of Trustees
Trustees are recruited from within the family together with their associated professional advisors. Potential Trustees are invited to be in attendance at meetings prior to their appointment as Trustees.
c. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by: Date: 6 November 2024
Signer ID: 0OQAI27KPQ...
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024
Independent Examiner's Report to the Trustees of The Leach Fourteenth Trust ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated: 06/02/2025 GMT Signer ID: YL2LC10VTN... Mr G Baragwanath FCA
C & GB Associates 37-39 Westgate Thirsk North Yorkshire YO7 1QR
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024
| Note Income from: Investments 3 Total income Expenditure on: Raising funds 4 Charitable activities Total expenditure Net expenditure before net gains/(losses) on investments Net gains/(losses) on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 117,455 117,455 18,449 116,511 134,960 (17,505) 94,202 76,697 3,897,421 76,697 3,974,118 |
Total funds 2024 £ 117,455 117,455 18,449 116,511 134,960 (17,505) 94,202 76,697 3,897,421 76,697 3,974,118 |
Total funds 2023 £ 103,424 103,424 18,244 101,838 120,082 (16,658) (241,040) (257,698) 4,155,119 (257,698) 3,897,421 |
|---|---|---|---|
The notes on pages 7 to 17 form part of these financial statements.
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
BALANCE SHEET AS AT 5 APRIL 2024
| Note Fixed assets Investments 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total net assets Charity funds Unrestricted funds 13 Total funds |
2024 £ 2,851 72,739 75,590 (8,000) |
2024 £ 3,906,528 3,906,528 67,590 3,974,118 3,974,118 3,974,118 |
2023 £ - 80,142 80,142 - |
2023 £ 3,817,279 |
|---|---|---|---|---|
| 3,817,279 80,142 |
||||
| 3,897,421 | ||||
| 3,897,421 | ||||
| 3,897,421 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Date: 6 November 2024
Signer ID: 0OQAI27KPQ...
The notes on pages 7 to 17 form part of these financial statements.
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
1. General information
Leach Fourteenth Trust is a registered charity in England and Wales, and is operational under the rules of its Settlement Deed dated 2 August 1961. The principle office of the charity is Gosbrook Cottage, Common Lane, Binfield Heath, Henley-On-Thames, RG9 4JY.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and 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 of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Leach Fourteenth Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
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
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
2. Accounting policies (continued)
2.3 Expenditure (continued)
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 attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.5 Taxation
As a charity, The Leach Fourteenth Trust is exempt from tax on income and gains falling within the available tax exemptions to the extent that these are applied to its charitable objectives. No tax charges have arisen in the charity.
2.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
2. Accounting policies (continued)
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 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 which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Investment income
| Income from UK listed investments Bank interest received Total 2023 |
Unrestricted funds 2024 £ 116,230 1,225 117,455 103,424 |
Total funds 2024 £ 116,230 1,225 117,455 103,424 |
Total funds 2023 £ 101,748 1,676 103,424 |
|---|---|---|---|
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
4. Investment management costs
| Investment management fees Total 2023 Analysis of grants Income fund Total 2023 |
Unrestricted funds 2024 £ 18,449 18,244 Grants to Institutions 2024 £ 94,500 92,000 |
Total funds 2024 £ 18,449 18,244 Total funds 2024 £ 94,500 92,000 |
Total funds 2023 £ 18,244 |
|---|---|---|---|
| Total funds 2023 £ 92,000 |
|||
5. Analysis of grants
A total of 49 grants were made during the year (2023: 50). See note 6 for details of the grants made in the year.
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
6. Grants payable in the year
The grants payable in the year comprise:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Action Against Hunger UK | - | 3,000 |
| AKU Society | 2,000 | - |
| Akwaaba Migrant Social Centre | - | 1,000 |
| Alexander Devine Children's Cancer Trust | 3,000 | 3,500 |
| Baraka CommunityPartnerships | 2,000 | 2,000 |
| Be Free YoungCarers | 1,000 | 1,000 |
| Breast Cancer Now | 2,000 | - |
| CALM | 1,500 | 2,000 |
| Cameron Bespolka Trust | 2,000 | - |
| Carers Trust | 2,000 | 2,500 |
| ColostomyUK | - | 1,500 |
| Crisis | 1,250 | 2,000 |
| Deafblind UK | 2,000 | 2,000 |
| DEBRA | 1,500 | - |
| Durrell Wildlife Conservation Trust | 3,000 | 6,000 |
| Fareshare UK | 4,000 | 2,000 |
| Fareshare South West | 1,000 | 1,000 |
| Greenpeace Environmental Trust | 4,000 | 1,500 |
| HackneyWinter Night Shelter | 1,250 | 1,000 |
| Hope and Homes for Children | 3,000 | 3,000 |
| Isles of ScillyMuseum Association | 1,000 | 1,000 |
| Julian House | 2,000 | 1,500 |
| Kent Refugee Action Network | - | 2,000 |
| Kids for Kids | 4,000 | 2,000 |
| Launchpad Reading | - | 1,500 |
| Lupus UK | - | 1,000 |
| Macular Society | 2,000 | 1,000 |
| Make 2nds Count | 1,500 | - |
| Mary's Meals | 1,000 | - |
| Medicins Sans Frontieres | 18,000 | 21,000 |
| MND Association | 3,500 | 1,000 |
| Muscular DystrophySociety | 2,000 | - |
| Myeloma UK | - | 1,000 |
| Plan International UK | 1,500 | 2,000 |
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
| Population Matters | - | 1,000 |
|---|---|---|
| Refugee Council | 1,000 | - |
| RewildingBritain | 3,000 | - |
| Salvation Army | 5,000 | 5,500 |
| SCI Foundation | - | 1,000 |
| Separated Child Foundation | - | 1,000 |
| Shelter Box | - | 1,000 |
| Support Dogs | 1,000 | - |
| Surfers Against Sewage | - | 1,000 |
| Thames ValleyAir Ambulance | 1,000 | 1,000 |
| The CountyTrust,Suffolk | 1,000 | - |
| The Hygiene Bank | - | 1,000 |
| The PCC of the Isles of Scilly | 1,000 | 1,000 |
| The Royal Marsden Cancer Charity | 1,000 | 4,000 |
| The Virtual Doctors UK | 1,000 | - |
| The Winchester Beacon | - | 2,000 |
| Water Aid | 3,000 | - |
| World Land Trust | 2,000 | 1,000 |
| Grantsgiven under £1,000 | 1,500 | 1,500 |
| 94,500 | 92,000 |
7. Analysis of expenditure by expenditure type
| Investment management costs Grants payable Governance costs Total 2024 Total 2023 |
Unrestricted funds 2024 £ 18,449 94,500 22,011 134,960 120,082 |
Total funds 2024 £ 18,449 94,500 22,011 134,960 120,082 |
Total funds 2023 £ 18,244 92,000 9,838 120,082 |
|---|---|---|---|
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
8. Governance costs
| Accountancy fees Bank charges Total 2024 Total 2023 |
Unrestricted funds 2024 £ 21,914 97 22,011 9,838 |
Total funds 2024 £ 21,914 97 22,011 9,838 |
Total funds 2023 £ 9,738 100 9,838 |
|---|---|---|---|
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 5 April 2024, no Trustee expenses have been incurred (2023 - £NIL).
10. Fixed asset investments
| Cost or valuation At 6 April 2023 Additions Disposals Revaluations At 5 April 2024 Net book value At 5 April 2024 At 5 April 2023 |
Listed investments £ 3,787,278 563,571 (592,433) 148,112 3,906,528 3,906,528 3,787,278 |
Other fixed asset investments £ 30,001 - (30,001) - - - 30,001 |
Total £ 3,817,279 563,571 (622,434) 148,112 3,906,528 |
|---|---|---|---|
| 3,906,528 3,817,279 |
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
10. Fixed asset investments (continued)
All the fixed asset investments are held in the UK.
The value of the investments allotted under ranges under the Trustee Investment Act is as follows: Broad range: £3,179,415 (2023: £3,150,778), Narrow range: £727,113 (2023: £666,501).
11. Debtors
| Due within one year Prepayments and accrued income |
2024 £ 2,851 2,851 |
2023 £ - |
|---|---|---|
| - |
12. Creditors: Amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 8,000 | - |
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
13. Statement of funds
Statement of funds - current year
| Balance at 6 | Balance at 6 | Gains/ | Gains/ | Balance at 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| April 2023 | Income | Expenditure | (Losses) | April 2024 | |||||
| £ | £ | £ | £ | £ | |||||
| Unrestricted funds | |||||||||
| Designated funds | |||||||||
| Designated Funds - all funds | 3,855,901 | - | (35,980) | 94,202 | 3,914,123 | ||||
| General funds | |||||||||
| Income account | 41,520 | 117,455 | (98,980) | - | 59,995 | ||||
| Total Unrestricted funds | 3,897,421 | 117,455 | (134,960) | 94,202 | 3,974,118 | ||||
| The income fund represents the free funds of the charity which | are available for distribution for such charitable | ||||||||
| purposes and objects as the trustees from time to | time decide. | ||||||||
| The capital fund represents the total fixed asset investments that are maintained in separate capital accounts fo | |||||||||
| the purpose of generating sufficient | income for the continuing of the charity's objects. | ||||||||
| Statement of funds - prior year | |||||||||
| Balance at | Gains/ | Balance at | |||||||
| 6 April 2022 | Income | Expenditure | (Losses) | 5 April 2023 | |||||
| £ | £ | £ | £ | £ | |||||
| Unrestricted funds | |||||||||
| Designated funds | |||||||||
| Designated Funds - all funds | 4,122,975 | - | (26,034) | (241,040) | 3,855,901 | ||||
| General funds | |||||||||
| General Funds - all funds | 32,144 | 103,424 | (94,048) | - | 41,520 | ||||
| Total Unrestricted funds | 4,155,119 | 103,424 | (120,082) | (241,040) | 3,897,421 |
The income fund represents the free funds of the charity which are available for distribution for such charitable purposes and objects as the trustees from time to time decide.
The capital fund represents the total fixed asset investments that are maintained in separate capital accounts for the purpose of generating sufficient income for the continuing of the charity's objects.
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
14. Summary of funds
Summary of funds - current year
| Designated funds General funds Summary of funds - prior year Designated funds General funds |
Balance at 6 April 2023 £ 3,855,901 41,520 3,897,421 Balance at 6 April 2022 £ 4,122,975 32,144 4,155,119 |
Income £ - 117,455 117,455 Income £ - 103,424 103,424 |
Expenditure £ (35,980) (98,980) (134,960) Expenditure £ (26,034) (94,048) (120,082) |
Gains/ (Losses) £ 94,202 - 94,202 Gains/ (Losses) £ (241,040) - (241,040) |
Balance at 5 April 2024 £ 3,914,123 59,995 3,974,118 |
|---|---|---|---|---|---|
| Balance at 5 April 2023 £ 3,855,901 41,520 3,897,421 |
15. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 3,906,528 75,590 (8,000) 3,974,118 |
Total funds 2024 £ 3,906,528 75,590 (8,000) 3,974,118 |
|---|---|---|
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9
THE LEACH FOURTEENTH TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
15. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Fixed asset investments Current assets Total |
Unrestricted funds 2023 £ 3,817,279 80,142 3,897,421 |
Total funds 2023 £ 3,817,279 80,142 3,897,421 |
|---|---|---|
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Document ID: 9834ec7c029cc0486289694d899963f83b351151d9ac24016c1e2a7ef54e6dd9