Charity number: 219846
LESLIE AND LILIAN MANNING CHARITABLE TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Armstrongwatson,
Accountants, Business & Financial A￿lserS

LESLIE AND LILJAN MANNING CHARITABLE TRUST
CONTENTS
Page
Reference and administrative details of the charity, its Trustees and advisers
Trustees. report
Independent examiner'$ report
statement of financial activities
Balance sheet
Notes to the financial statements
8-15

LESLIE AND LILJAN MANNING CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED S APRIL 2024
Trustees
D Jones
K L Andersen
U Fagandini
Charity registered
number
219846
Principal office
clo Amislrong Watson LLP
First Floor
One Strawberry Lane
Newcastle upon Tyne
NE148X
Accountants
Armstrong Watson LLP
Chartered Accounlanls
One Strawberry Lane
Newcastle upon Tyne
NE148X
Bankers
Virgin Money
132-134 Northumberfand Street
Newcastle upon Tyne
NE1 7DG
Investmgnt advisors
Rathbone Investment Management Limited
Earl Grey House
75-85 Grey Street
Newcastle upon Tyne
NE1 6EF
Page 1

LESLIE AND LILJAN MANNING CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Iruslees present their annu81 ￿port together with the unaudited financi81 statements of the eharity for the
year 6 April 2023 to 5 April 2024.
Reference and administrative details set out on page 1 form part of this report. The financial statements have
been prepared in accordance with the accounting policies sel out on pages 8 10 10, and comply with the charity's
trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland- Charities SORP FRS 102.
Objectives and activities
a. Polieies and objectives
The object of the trust in accordance with the trust deed is to make distributions to such ehari18ble institutions or
purposes as the trustees in their absolute discretion select.
In setting objectives and planning for activities, the Iruslees have given due eonsidemtion to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit." running 8
charity IPB21'.
The trust carries out these objectives by providing grants that are in general applied lo supporting charities that
either operate or run specific projects in the North E8sI of England that support children, the physically or
mentally disabled and the disadvantaged.
b. Grant making policy
Grants will notmally be made out of income and not capital. The trustees may, however, at their discretion, use
the capital of the trust for charitable purposes.
At the trustees, discretion, some eh8rilies are supported on a regular basis, but the trustees will also consider
individual appeals on a one-off basis.
The gr8nts to be awarded are decided al the twits yearly trustee meetings.
Achievements and performance
a. Main achievements of the charity
The year proved suecessful in terms of the number of grants awarded. The grants paid in the year are listed in
note 4 to the financi81 statements.
Financial review
a. Financial review
The principal source of unrestricted ineome comprised dividends and interest of £24,85712023.. £23,018) from
the investment portfolio.
Nel expenditure for the year before transfers for the unreslrieled income fund was £9,239 12023". £9,684), as
shown in the statement of financial aclivib'es on page 6.
Page 2

LESLIE AND LILJAN MANNING CHARITABLE TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED S APRIL 2024
b. Going concem
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 lo adopt
the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going
cOn￿M basis can be found in the accounting policies.
c. Reserrfes policy
11 is the policy of the charity lo maintain unrestricted fvnds, which are the free reserves of the charity, of al least
£5,000 to ensure that management and administrative expenditure for ￿e1ve months can be mel out of
undislribuled investment income. Free reserves at 5 April 2024 were £5,093 12023.. £5,332). The Iruslees
review both the reserves policy and the reserves position on a regular basis.
d. Investment policy
There are no restrictions on the trustees, powers lo invest. The Iruslees sel the investment strategy taking into
account the income requirements, risk profile and the investment manager's view of economic market
conditions. The portFolio risk profile is medium. This strategy is sel within the overall policy whereby the
principal aim was for the portfolio to be managed on a total return basis. The charity aims lo obtain a balan￿d
return from capital growth and income. This policy is reviewed annually by the trustees and the portfolio is
monitored by them regularly.
The asset allocation is al the discretion of the investment managers and will be reviewed regularly with reference
lo the long term objectives of the Iruslees. No individual holding should exceed 5Q/o of the portfolio value. No
investments should be made in companies with over 1 O0k of their turnover from tobacco or armaments. There
should be no direct investment in tobacco production or in armaments.
The investment portfolio is administered by the trustees taking advice from a leading firm of stockbrokers.
The adviser presents an investment review and reports on performance every six months and makes
recommendations as appropriate al Iruslees, meetings.
The total return on investments, before fees, for the year ended 5 April 2024, was 7.4Qk against a benchmark
return of the CPI plus 4.09/0, which equated lo 7.30/0 for the year.
structure, governance and management
a. Constitution
Leslie and Lilian Manning Charitable Trust is a registered charity, number 219846, and is conslituled under a
trust deed dated 22 January 1960.
The Iruslees who have served during the year are set out on page 1. The board of trustees is responsible for the
appointment of trustees, their tenure of office and election of the chairman.
The charity is managed by the trustees who normally meet ￿lce a year.
No Iruslee remuneration was paid in the year. Details of trustee expenses and related paty transactions are
disclosed in note 6 to the financial statements.
b. Methods of appointment or election of trustees
New and existing Iruslees are briefed on the powers and responsibilities of the trustees, the grant making
process, investments and the recent financial performance of the charity.
Page 3

LESLIE AND LILJAN MANNING CHARITABLE TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED S APRIL 2024
structure, governance and management Icontinuedl
c. Risk management
The trustees have examined the major strategic, business and operational risks which the charity faces and
confirm that systems have been established to enable regular reports to be produced so that the necessary
steps can be taken lo lessen these risks.
Plans for future periods
The charity plans to continue to make grants to charitable institutions.
statement of trustees. responsibilities
The trustees are responsible for preparing the trustees, report and the financial slalemenls in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally AC￿pIed Accounting
Practice).
The law applicable to charities in England & Wales requires the trustees lo prepare financial statements for each
financial year which give a true and fair view of the stale of affairs of the charity and of ils incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
slalemenls, the trustees are required lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to p￿SUme that the
charity will continue in business.
The Iruslees 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 lime the financial position of the charity and
enable them to ensLJre 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..
D Jones
Trustee
Dale.. 20 June 2024
Page 4

LESLIE AND LILJAN MANNING CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Independent Examinerfs Report to the Trustees of Leslie and Lilian Manning Charitable Trust
I'the charity'l
I report to the charity trustees on my examination of the aceounls of the eharity for the year ended 5 April 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the prepar8tion of the accounts in accordance with the
requirements of the Charities Act 2011 I'the 2011 ACVI.
I report in respect of my examination of the charity's 8ecounls 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 14515llbl of the 2011 Act.
Independent examinerfs statement
Your attention is drawn to the fact th8t the charity has prep8red the accounts in accordan￿ 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 IFRS 1021 in
preferenTr to the Accounting and Reporting by Charities." Statement of Recommended Practice issued on 1 April
2005 which is referred to in the exlanl regulations bul h8s been withdrawn.
l understand that this has been done in order for the aceounls lo provide a true and f8ir view in aceordanee with
the Genemlly Aecepled Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have eompleted 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".
aecounting 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 aecounts do not comply with the applicable requirements cOn￿rning the form and content of
account5 set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other mallers 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.
This report is made solely lo the charity's Iruslees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the charity's
Iruslees those mallers l am required lo slate to them in an independent examinerfs report and for no other
purpose. To the fullest exlenl permitted by law, I do not a¢￿p1 or assume responsibility lo anyone other than the
charity and the charity's Iruslees as a body, for my work or for this report.
Signed..
Dated.. 20 June 2024
D R Gold FCA
Independent Examiner
Armstrong Watson LLP
Chartered Accountants
One Strawberry Lane
Newcastle upon Tyne
NE14BX
Page 5

LESLIE AND LILJAN MANNING CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Unrestrieted Endowment
funds
funds
2024
2024
Total
funds
2024
Tot81
funds
2023
Note
Income and endowments from..
Investments
24,857
24,857
23,018
Total income and endowments
24.857
24.857
23,018
Expenditure on:
Raising funds..
Investment management costs
Charitable activitie$
7,541
7,541
34,096
7,362
32, 702
34,096
Total expenditure
34,096
7,541
41,637
40,064
Realised net gainslllossesl on
investments
49,167
49,167
(41,658)
Net lexpenditurellincome
Transfers between funds
19.2391
9,000
41,626
19,0001
32,387
(58, 704)
10
Net movement in funds
12391
32,626
32,387
(58, 704)
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
5,332
12391
1.039,557
32,626
1.044,889
32,387
1, 103,593
(58, 704)
Total funds carried forward
5.093
1.072.183
1.077.276
1,044,889
The Ststemenl of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 10 15 form part of these financial statements.
Page 6

LESLIE AND LILJAN MANNING CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Note
Fixed assets
Investments
1,080,280
1,047,377
1,080,280
1,047,377
Current assets
Debtors
Cash al bank and in hand
2,000
2,223
1,709
1,436
4.223
3,145
Creditors.. amounts falling due within one
year
17,227}
(5,633)
Net current liabilities
13,0041
(2,488)
Total net assets
1,077,276
1,044. 889
Charlty funds
Endowment funds
10
1.072,183
5,093
1,039,557
5,332
Unrestricted funds
10
Total funds
1,077,276
1,044,889
The financial stslemenls were approved and authorised for issue by the Iruslees and signed on their behalf by..
D Jones
Trustee
Dale.. 20 June 2024
The notes on pages 8 10 15 form part of these financial slatemenls.
Page 7

LESLIE AND LILJAN MANNING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
General infomiation
Leslie and Lilian Manning Charitable Trust is an unincorporated charity registered in England and Wales,
charity number 219846. The princip81 office of the charity is clo Armstrong Watson, First Floor, One
Strawberry Lane, NE14BX. The principal 8ctivity of the charity is grant giving from investment ineome.
Aecounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordan￿ with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
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 IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities.. Ststemenl of Recommended
Practi￿ effective from 1 April 2005 which has Sin￿ been withdrawn.
The 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
ststed in the relevant accounting policy.
The financial statements are prepared in sterling which is the functional and presentational currency
of the trust.
2.2 Going concern
The trustees consider that there are no material uncertainties about the trust's ability lo continue as a
90ing concern.
2.3 Income
All income is recognised On￿ the charity has entitlement lo the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
Investment income is included in the financial statements when re￿1Vable.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably.
Page 8

LESLIE AND LILJAN MANNING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies Itontinuedl
2.4 Expenditure {continued)
The cost of raising funds Consist of investment management costs.
Cost of Charitable 8elivilies include grants made, govemanee eosts and support Costs as shown in
note 3.
Grants payable without performance conditions are only recognised in the financial statements when
a commitment has been made and there are no conditions to be mel relating to the grant whieh
remain in the Control of the charity.
Support costs are allocated on the basis of lime spent on each activity.
Governance costs include costs of the preparation and examination of statutory financial statements,
the costs of trustees meetings and cost of any legal advi￿ to trustees on governanee or
constitutional matters.
2.5 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.
2.6 Investments
Fixed asset investments are a fom of financial instrument and are initialty recognised al their
transaction cost and subsequently measured al fair value at the balance sheet dale using the middle
price quoted market V81ue.
Investment gains and losses include any gains or losses arising on disposal on the sale of investment
and any gain or loss resulting from rev81uing investments lo fair value at the year end.
2.7 Cash at bank and in hand
Cash at bank represents the balance on the Irusl's eurrent bank account at the year end.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet dale as a result of 2 past
event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount
of the settlement C8n be estimated reliably.
Li8bilities are recognised at the amount that the charity anticipates it will pay lo setue the debt or the
amount it has retsived as advanced payments for the goods or services it musl provide.
2.9 Financial instruments
The eharity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction v81ue and subsequently
measured at their settiemenl value.
Page 9

LESLIE AND LILJAN MANNING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies Itontinuedl
2.10 Fund accounting
Income funds are available for use at the discretion of the trustees in furthemnce of the general
objectives of the Charity and which have not been designated for other purposes.
Unrestricted income fund
The income fund is c￿dited with the investment income arising from the trust's investments and is
charged with charitable grants made by the trust and the trust's administration costs. Transfers are
made at the discretion of the trustees and take into account the amount of income required to
maintain the level of charitable activity.
Endowment fund
The endowment fund represents the original expendable endowed funds of the charity, together with
the accumulated gains or losses arising from the active management of the investments which may
be used lo supplement the income when making grants.
Anatysis of expenditure by activities
Grants
payable
{note 41
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charitable activities
26,000
8,096
34.096
32, 702
Anatysis of support eosts
Total
funds
2024
Tot81
funds
2023
Bank charges
Governance costs
98
2.262
5,736
306
2, 736
3,960
Accountancy fees for other services
8,096
6,202
Governance costs comprise accountancy fees for the preparation and examination of the slatulory
financial slalemenls of £2,262 12023.. £2,136). Included within accountancy fees for other services are
governance costs of £1,91212023'. £1,320) in respect of governan￿ and conslitulional mallers.
Page 10

LESLIE AND LILJAN MANNING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Grants payable
2024
2023
During the year the charty made the following grants to intitutions:
Acoms INorth Tynesidel
Action Foundation
Age UK Northumberland
Alzheimer's Society
Batnardo's
Blood Can￿r UK
Burnhope Community Centre
Children North East
CHUF
Contact Imorpelh Mental Health Group Lldl
Comerstone - Benwell
Crisis UK Skylight Newcasue
Cruse Bereavement Support
Diabetes UK
English for All
Haven Tyneside Ltd
Inspiring Minds
Kids Kabin
1,000
1,000
1,000
f,000
1,000
1,000
500
f,000
1.000
1.000
1,000
1,000
1.000
1,000
1,000
1.000
1,000
f,000
1,000
1,000
1.000
1,000
1,000
f,000
1,000
1,000
1,000
Love, Amelia
Macmillan Cancer Support
Mencap (Royal Mencap Society)
Motor Neurone Disease Association
Northumbria Calvert Trust
Oasis Community Housing
Parker Trust
1.000
1,000
f,000
1,000
1,000
1.000
1.000
f,000
500
Royal Mencap Society IMENCAPI
Skills for People
Smile for Life Childrens Charity
Sunderland Women's Centre
1.000
1,000
1,000
500
The Bede Food Bank
1.000
1.000
1,500
1,000
f,000
1,000
1,000
The Cyrenians Ltd (operating as Changing Lives)
The Guide Dog's for the Blind Association
The People's Kitchen Limited
The Percy Hedley Foundation
The Respite Association
The Royal National Institute for Deaf People
West Northumberland Foodbank
1,000
1.000
1.000
1,000
f,000
1,500
26.000
26,500
Page11

LESLIE AND LILJAN MANNING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Independent examinerf$ remuneration
2024
2023
Fees payable lo the charitys independent examiner for the independent
examination and preparation of statutory accounts
Fees payable to the charity's independent examiner in respect of".
All other services not included above
2.262
2,136
5.736
3,960
Trustees. remuneration and expenses
During the year, no Iruslees re￿iVed any remuneration or other benefits (2023- £NIL).
During the year ended 5 April 2024, no trustee expenses have been incurred (2023 - £NIL).
Fixed asset investments
Cash
available for
Listed
investments
investment
Total
Cost or valuatlon
At 6 April 2023
Additions
993,819
130.479
1137.645}
55,104
53,558
155.895
(170.930)
1,047,377
286,374
{308,5751
55,104
Disposals
Revaluats'ons
At 5 April 2024
1,041,757
38,523
1,080,280
Not book valuo
At 5 April 2024
1,041,757
38,523
1,080,280
At 5 April 2023
993.819
53.558
1,047,377
The investments are subject lo the price and yield volatility of the investment portfolio, but this is
considered ne￿SSary to achieve a higher total return in the long term.
Page 12

LESLIE AND LILJAN MANNING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Debtors
2024
2023
Other debtors
2,000
1,709
2.000
1, 709
Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
7.227
5,633
Page 13

LESLIE AND LILJAN MANNING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
10.
Statement of funds
Statement of funds - current year
Balance at 6
April 2023
Transfers
inlout
Gainsl Balance at 5
(Losses) April 2024
Income Expenditure
Unrestricted
funds
General Funds
5,332
24,857
134,096)
9,000
S,093
Endowment
funds
Endowment
Fund
1,039,557
17,541)
19,0001
49,167
1,072,183
Total of funds
1,044,889
24,857
141,637)
49,167
1,077,276
Page 14

LESLIE AND LILJAN MANNING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
10. Statement of funds leontinuedl
Statement of funds - prior year
Balance 81
l April 2022
Tr8nsfers
in/out
Balance 8t
(Losses) 5 Apnl 2023
Income Expenditure
Unrestricted
funds
General Funds
5,016
23,018
(32, 102)
10,000
5,332
Endowment
funds
Endowment
Fund
1,098,577
(7,362)
(10,000)
{41,658J
1,039,557
Total of funds
1, 103,593
23,018
{40,064J
{47,658)
1,044,889
11. Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted Endowment
funds
funds
2024
2024
Total
funds
2024
Fixed asset investments
Current assets
Creditors due within one year
1,080,280
1.080,280
4,223
17,2271
4,223
870
18,0971
Total
5,093
1,072,183
1.077,276
Analysls of net assets between funds - prlor perlod
Unrestricted Endowment
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Current assets
Creditors due within one year
1,047,377
1,047,377
3,145
(5,633)
3,145
2,187
(7,820)
Total
5,332
1,039,557
1,044,889
Page 15