##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
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##
##
##
##
##
##
##
##
##
##
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##
##
##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||Funds|Funds|
|||Notes|2020|2019|
||||f|f|
|Income from:|||||
|incoming
resources from|generated funds||||
|Investments|||||
|Dividends
receivable|||139,054|137,806|
|Bank Interest receivable|||215|173|
|Donations|||||
|Totalincome||1(e)|139,269|137,979|
|Expenditure
on:|||||
|Charitable
activities|||||
|Performing
Arts|||112,966|111,588|
|Conservation
—Historic|buildings||33,687|11,475|
|Conservation
—Places ofWorship|||55,727|41,480|
|Conservation
—Historic|Objects and Collections||25,400|60,741|
|Education —Bursaries|||25,694|25,817|
|Education —Overseas students|||18,272|20,310|
|Cost ofgrant making|||271,746|271,411|
|Investment
Management|Costs||24,700|23,917|
|Governance
Costs|||7,399|7,194|
|Total expenditure|||303,845|302,522|
|Net resources expended|before net gains on investments||(164,576)|(164,543)|
|Net gains on investment|assets||170,230|115,925|
|Net movement
in funds|||5,654|(48,618)|
|Reconciliation
offunds:|||||
|Totalfunds
brought
forward at 1August 2019|||6,952,294|7,000,912|
|Total funds carried forward at 31July 2020|||6,957,948|6,952,294|
##
|The Leche Trust|||||
|---|---|---|---|---|
|Balance Sheet|||||
|as at 31July 2020|||||
||||Unrestricted|Unrestricted|
||||funds|funds|
|||Notes|2020|2019|
||||f|6|
|Fixed assets|||||
|Investments
-Waverton||1(&I),4|3,871,644|3,931,772|
|Investments
—Ruffer|8&Co|1(&I),4|3,067,837|3,005,125|
|Total fixed assets|||6,939,481|6,936,897|
|Current assets|||||
|Debtors|||392|383|
|Cash at bank and in|hand||170,510|141,424|
|Total current assets|||170,902|141,807|
|Creditors: amounts|falling due within one year||||
|Other creditors|||7,350|7,110|
|Grant commitments||1(b),2,6|145,085|119,300|
|Total current liabilities|||152,435|126,410|
|Net current assets|||18,467|15,397|
|Total net assets|||6,957,948|6,952,294|
|The funds ofthe Charity:|||||
|Unrestricted funds:|||||
|General|||6,957,948|6,952,294|
|Designated|||||
|Total Charity funds||8|6,957,948|6,952,294|
##
##
##
##
##
##
##
##
##
##
##
|2.
Grant commitments|2.
Grant commitments|2.
Grant commitments||||||||||2020|2019||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||f|f||
|Balance brought|forward|1|August 2019|||||||||119,300|107,100||
|Grants approved|in the year|||||||||||241,165|241,500||
|Adjustment
for Grants not|||taken
up|/|cancelled|||||||(3,200)|(4,964)||
|Net payments
in|year|||||||||||(212,180)|(224,336)||
|Balance carried forward 31July 2020||||||||||||145,085|119,300||
|3. Resources expended,||related party transactions||||||and|Trustees expenses and remuneration||||||
||||||Historic|||||||Investment|||
||Historic
buildings||Places or
Worship|Objects &
Cogectlons|||Overseas
sttldents||Arts|Education
Bursaries|Governance|Fees|Total
2020|Total
2019|
||6||E||6|||6|E|E|||6|E|
|Grants approved|29,500||50,800||24,685||16,000||97,680|22,500|||241,165|241,500|
|Grants not taken|||(2,000)||(1,200)||||||||(3,200)|(4,964)|
|up/cancelled|||||||||||||||
|Administration
fee|3,620||5,989||1,655|||1,964|13,215|2,761|796||30,000|30,000|
|General expenses|459||759|||210||249|1,675|350|100||3,802|4,872|
|Investment
Fees||||||||||||24,700|24,700|23,917|
|Auditors|||||||||||||||
|remuneration|||||||||||6,480||6,480|6,270|
|Accountancr|108||179|||50||59|396|83|23||898|927|
||33,687||55,727||25,400||18,272||112,966|25,694|7,399|24,700|303,845|302,522|
##
##
##
|||Waverton|Ruffer &Co|Total|
|---|---|---|---|---|
||||6|f|
|Market value at 1August 2019||3,931,772|3,005,125|6,936,897|
|Realised gains / (losses)||9,471|(1,471)|8,000|
|Unrealised|gains/
(losses)|15,996|146,234|162,230|
|Dividends|and interest receivable|89,105|49,949|139,054|
|Transfers|to CAF bank account|(150,000)|(132,000)|(282,000)|
|Charges||(24,700)||(24,700)|
|Market value at31July 2020||3,871,644|3,067,837|6,939,481|
|The historic|cost ofthe investments|cost ofthe investments|cost ofthe investments|held at 31July 2020 isf5 428 480 (2019 —f5 773410).|held at 31July 2020 isf5 428 480 (2019 —f5 773410).|||
|---|---|---|---|---|---|---|---|
|Net investment||gains in|the year —summary||2020
f|2019||
|Movement|on unrealised||gains||162,230|228,752||
|Realised (losses) / gains|||on historic|cost|8,000|(112,827)||
|Net investment||gains|||170,230|115,925||
|. Debtors||||||||
||||||2020|2019||
||||||f|f||
|Prepayments|||||392||383|
||||||392||383|
##
##
##
|.
Grants|||||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Outstanding|
|||||||Approved
2020|Paid|including
amounts|
|||||||||b/fwd|
|~Hit
i
B cd'||||||||f|
|The Landmark
Trust
—02/17|||||||4,000||
|Hay Castle Trust
—02/17|||||||2,500||
|Castle Combe Parish Council, Market||Cross|—05/18||||3,000||
|Burton Constable
Foundation
—02/19||||||||2,000|
|National
Heritage
Ironwork
Group|—02/19|||||||3,000|
|Stowe House Preservation
Trust,|Buckinghamshire||||10/19|5,000||5,000|
|Wentworth
Woodhouse
Preservation||Trust||10/19||5,000||5,000|
|Knutsford
Town Council 10/19||||||1,000||1,000|
|Strawberry
Hill Trust
—10/19||||||3,000|3000||
|Gwrych Castle Preservation
Trust|—02/20|||||2,000||2,000|
|Horncastle
Ik District Community|Association|||—02/20||1,500|1500||
|Mary Roxburghe
Trust
—02/20||||||2,000||2,000|
|Ditchley Foundation,
Oxfordshire|—6/20|||||4,500||4,500|
|Painshill
Park Trust, Surrey
—6/20||||||2,500||2,500|
|Windmill
Hill Windmill
Trust- 6/20||||||3,000||3,000|
|||||||29,500|14,000|30,000|
##
##
|.
Grants (continued)|||||
|---|---|---|---|---|
|||||Outstanding|
|||Approved
2020|Paid|including
amounts|
|||||b/fwd|
|~PI
fW|||E||
|StJames the Greater, Sutton Cheney, Leicestershire|-06/16||2,000||
|All Saints Church,
Brocklesby,
Lincolnshire
-05/17||||2,500|
|St Mary's Church,
Lydiard Tregoze
—10/17|||3,000||
|St Peter Ik St Paul's Church,
Bardwell - 10/17|||3,000||
|Winchester
Cathedral
—02/18|||3,000||
|St Peter's Church, Thornbury,
Devon - 05/18|||1,000||
|St Mary's Church, Almondsbury,
Gloucestershire
—05/18|||2,500||
|Durham
Cathedral-
05/18||||1,000|
|St Michael Archangel
Church, Theydon
Mount, Essex - 10/18||||2,500|
|St Michael
(k All Angels Church,
Lamplugh,
Cumbria|—10/18||2,000||
|All Saints Church,
Drinkstone,
Suffolk - 10/18|||3,000||
|St Swithin's
Church,
NatelyScures,
Hants
—02/19|||1,500||
|StJames Church,
Kinnersley,
Herefords
—02/19||||2,500|
|StJohn the Baptist Church, Bishops Tawton,
Devon|—02/19||1,000||
|St Michael & All Saints, Lower Machen,
Gwent -02/19||||2,000|
|St Peter's Church,
Diddlebury,
Sa lop - 02/19|||2,000||
|St Mary's Church,
Lytchett Maltravers,
Dorset - 02/19||||1,000|
|St Clement's
Church,
Outwell,
Norfolk - 02/19||||500|
|All Saints North Street, York - 06/19||||3,000|
|St Mary the Virgin, Buckland, Oxon - 06/19||||1,500|
|St Peter's Church,
Hoyland,
South Yorks - 06/19||||750|
|St Malachy's
Church,
Hillsborough,
N Ireland -06/19||||2,000|
|St George's Church,
Didbrook, Gloucesterhire
—10/19||1,000||1,000|
|St Mary's Church,
Hawkesbury,
Gloucestershire
—10/19||750||750|
|Carstairs
Parish Church,
Midlothian,
Scotland —10/19||2,500|2,500||
|St Denys Church, Warminster,
Wiltshire —10/19||2,000||2,000|
|St Michael's
Church,
Hernhill,
Kent —10/19||2,000||2,000|
|St Mary Magdalene
Church, Geddington
—10/19||4,000||4,000|
|Churches
Conservation
Trust for Holy Trinity Church|—10/19|2,000||2,000|
|Putley Parish Church,
Herefordshire
—10/19||1,000||1,000|
|All Saints Church, Morston,
Norfolk —2/20||2,000||2,000|
|All Sa1000ints Church,
Patcham,
Brighton —2/20||3,000||3,000|
|Great Mee3000ting
Unitarian
Chapel, Leicester-02/20||1,000||1,000|
|Hexham
Abbey, 3000 Northumberland
—02/20||3,000||3,000|
|St Giles Church, South Mimms,
Hertfordshire
—02/20||3,000||3,000|
||||||Outstanding|
|---|---|---|---|---|---|
||||Approved
2020|Paid|including
amounts|
||||||b/fwd|
|Places ofWorshi
continued|||f||f|
|St Margaret's
Church, Alderton,
Northamptonshire||—02/20|3,000||3,000|
|St Peter and St Paul's Church,
Preston,
Rutland|—02/20||1,000||1,000|
|St Andrew's
Church, yardley
Hastings —06/20|||1,000||1,000|
|St Bartholomew's
Church Orford, Suffolk —06/20|||2,500||2,500|
|Church ofStJames the Great, Stoke Orchards|—06/20||3,000||3,000|
|St Mary Magdalene
Church, Great Hampden,|Bucks|—06/20|2,800||2,800|
|St Nicholas's
Church, Standish,
Gloucestershire|—06/20||1,000||1,000|
|St Mary's Church,
Laverton, Somerset —06/20|||2,000|||
|St Bartholomew's
Church, Tong, Shropshire —06/20|||1,500||1,500|
|Friends of Bath Jewish Burial Ground —06/20|||3,750||3,750|
|Friends ofShenstone
Tower, Staffordshire —06/20|||2,000||2,000|
||||50,800|26,500|65,550|
##
|6.
Grants (continued)||||||||
|---|---|---|---|---|---|---|---|
||||||||Outstanding|
||||||Approved|Paid|including|
||||||2020||amounts|
||||||||b/fwd|
||||||||E|
|Historic Ob'ects and Collections||||||||
|Gunnersbury
Museum
Ik Park Trust|-|02/17||||2,500|2,500|
|National
Trust, Newton
House - 02/18||||||3,000|3,000|
|Paxton House, Scotland - 02/18|||||||4,000|
|Guildhall
Feoffment,
Bury St Edmunds||-05/18|||||2,000|
|Royal Collection Trust -05/18|||||||2,500|
|The Foundling
Museum
- 10/18|||||||2,500|
|Postal Heritage Trust - 10/18||||||2,000||
|Bournemouth
University/Maritime|Archaeology||Trust|—10/18|||1,500|
|NE Institute of Mining
Ik Mechanical||Engineering|-10/18||||2,500|
|Unicorn Preservation
Society - 02/19||||||2,000||
|Royal Museums
Greenwich
—06/19|||||||3,500|
|Museums
Worcestershire
-06/19||||||1,500||
|Tunbridge
Wells Museum
—06/19|||||||1,500|
|British Museum
—06/19|||||||2,350|
|Wallace Collection - 06/19|||||||3,500|
|York Museums
Trust
—06/19|||||||1,500|
|SirJohn Soane's Museum
—06/19|||||||5,000|
|Spalding Gentlemens
Society
—06/19||||||||
|Norfolk Museums
Dev Trust (Special||Reserve Fund) -||07/19||16,000||
|Armagh
Robinson
Library, Northern|Ireland —10/19||||2,000|2,000||
|Glasgow
Life —02/20|||||5,000||5,000|
|British Library —02/20|||||3,000||3,000|
|Chiddingstone
Castle (Denys Eyre Bower Bequest) —06/20|||||1,685||1,685|
|College ofArms Trust —06/20|||||3,000||3,000|
|National
Gallery
—Finding ofMoses|(Special Reserve Fund) —02/20||||10,000|10,000||
||||||24,685|40,500|43,535|
##
|.
Grants (continued)||||||
|---|---|---|---|---|---|
||||||Outstanding|
||||Approved|Paid|including|
||||2020||amounts|
||||||b/fwd|
||||||f|
|Education
Bursaries||||||
|University
of Northumbria|||7,500|5,000|2,500|
|Prince's Foundation|||7,500|7,500||
|National
School of Blacksmithing|Hereford|S.Ludlow College|7,500|7,500||
||||22,500|20,000|2,500|
|Education
Overseas
PhD Students||||||
|20grants|||16,000|16,000||
|Arts||||||
|The other Room, Cardiff
—06/19||||1,000||
|Chamber
Music Tours Scotland —10/19|||1,000|1,000||
|Buxton International
Festival —10/19|||2,000|2,000||
|Attic Theatre Company —10/19|||2,000|2,000||
|Wiltshire
Music Centre Trust —10/19|||2,000|2,000||
|Almeida
Theatre —10/19|||2,000|2,000||
|IMS Prussia Cove —10/19|||3,000|3,000||
|Magohany
Opera —10/19|||2,000|2,000||
|Brighton
Early Music Festival —10/19|||3,000|3,000||
|Rabble Theatre Company —10/19|||2,000|2,000||
|La Nuova
IVlusica —10/19|||2,000|2,000||
|Vamos Theatre Company —10/19|||1,000|1,000||
|Music Theatre Wales —10/19|||3,000|3,000||
|Papatango
Theatre Company —10/19|||1,000|1,000||
|New Perspectives
Theatre Company —10/19|||1,200|1,200||
|Tom Dale Company —10/19|||2,000|2,000||
|Young Actors Theatre —10/19|||2,000|2,000||
|Cardboard
Citizens —02/20|||2,000|2,000||
|INK: From Pen to Performance —02/20|||1,000|1,000||
|Wassail Theatre —02/20|||1,000|1,000||
|Rifco Theatre —02/20|||1,500|1,500||
|City ofWolverhampton
—02/20|||2,000||2,000|
|Dash Arts —02/20|||2,000|2,000||
|Nottingham
Playhouse —02/20|||1,500|1,500||
|New English
Ballet Theatre —02/20|||2,500|2,500||
|Ludus Dance —02/20|||1,100|1,100||
|Dance Umbrella —02/20|||2,500|2,500||
|||||||Outstanding|
|---|---|---|---|---|---|---|
|6.
Grants (continued)||||Approved
2020|Paid|including
amounts|
|||||||b/fwd|
|||||||E|
|~At
t.|||||||
|Zoonation —02/20||||2,000|2,000||
|Motionhouse
—02/20||||2,500|2,500||
|Presteigne
Festival —02/20||||2,000|2,000||
|East Neuk Festival —02/20||||1,000|1,000||
|Royal Philharmonic
Society —02/20||||1,500|1,500||
|Ulster Youth Orchestra —02/20||||2,000|2,000||
|Opera Sunderland
—02/20||||1,500|1,500||
|Spectra Ensemble —02/20||||2,000|2,000||
|Bristol International
Jazz Festival|—02/20|||1,000|1,000||
|Oxford Lieder —06/20||||2,500|2,500||
|Aurora Orchestra —06/20||||3,000|3,000||
|International
Guitar Foundation|—06/20|||2,000|2,000||
|Kent Wildlife Trust —06/20||||1,500||1,500|
|Three Spires Singers —06/20||||2,000|2,000||
|Three Spires Singers —06/20||||2,000|2,000||
|London Philharmonic
Orchestra|—06/20|||1,500|1,500||
|The Tenebrae Choir —06/20||||2,000|2,000||
|Birmingham
Opera Company —06/20||||2,000|2,000||
|English Touring Opera —06/20||||2,000|2,000||
|Scottish Youth Dance —06/20||||2,000|2,000||
|Im pro ba b le —06/20||||880|880||
|Transform
Theatre Projects —06/20||||2,000|2,000||
|The Yard Theatre —06/20||||2,000|2,000||
|Theatre
Royal Haymarket
Masterclasses||Tru|st —06/20|1,000|1,000||
|Omnibus
Theatre —06/20||||1,500|1,500||
|Theatr na nOg —06/20||||2,000|2,000||
|The Old Vic —06/20||||2,000|2,000||
|||||97,680|95,180|3,500|
##
|||||||Outstanding|
|---|---|---|---|---|---|---|
|6.|Grants (continued)|||Approved
2020|Paid|including
amounts|
|||||||b/fwd|
|||||E|6|E|
|Historic|buildings|||29,500|14,000|30,000|
|Places of||Worship||50,800|26,500|65,550|
|Historic|Objects and||Collections|24,685|40,500|43,535|
|Education||(Bursaries)||22,500|20,000|2,500|
|Education||(Overseas|PhD Students)|16,000|16,000||
|Arts||||97,680|95,180|3,500|
|||||241,165|212,180|145,085|
|Grants not|take|n up / Cancelled|||||
|---|---|---|---|---|---|---|
|||||||E|
|Spalding Gentlemens||Society, conservation||equipment|-06/19|1,200|
|St Mary's Church,|Laverton, Somerset||—06/20|||2,000|
|||||||3,200|
##
##
|. Unres|tricted|Funds||||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|General||||||f|6|
|Balance|b/fwd|||||6,952,294|6,984,912|
|Net movement||in General||Fund||15,654|(22,618)|
|Transfer|to Designated||Fund|||(10,000)|(10,000)|
|Balance|c/fwd|||||6,957,948|6,952,294|
|~Di|td|||||||
|Balance|b/fwd||||||16,000|
|Net movement||in Designated|||Fund|(10,000)|(26,000)|
|Transfer|from|General|Fund|||10,000|10,000|
|Balance|c/fwd|||||||
|Total||||
|---|---|---|---|
|Balance b/fwd||6,952,294|7,000,912|
|Net movement|in funds|5,654|(48,618)|
|Balance c/fwd||6,957,948|6,952,294|