| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| Notes | 2021 | 2020 | |||
| f | f | ||||
| Income from: | |||||
| Incoming resources from | generated | funds | |||
| Investments | |||||
| Dividends receivable |
107,414 | 139,054 | |||
| Bank Interest receivable | 17 | 215 | |||
| Total income | 1(e) | 107,431 | 139,269 | ||
| Expenditure on: |
|||||
| Charitable activities |
|||||
| Performing Arts |
128,689 | 112,966 | |||
| Conservation —Historic |
buildings | 6,853 | 33,687 | ||
| Conservation —Places ofWorship |
33,127 | 55,727 | |||
| Conservation —Historic |
Objects and Collections | 48,159 | 25,400 | ||
| Education —Bursa ries | 25,702 | 25,694 | |||
| Education —Overseas students | 18,272 | ||||
| Education —Learning R |
Research | Fund | 22,846 | ||
| Cost ofgrant making | 265,376 | 271,746 | |||
| Investment Management |
Costs | 26,659 | 24,700 | ||
| Governance Costs |
7,674 | 7,399 | |||
| Total expenditure | 299,709 | 303,845 | |||
| Net resources expended | before net gains on investments | (192,278) | (164,576) | ||
| Net gains on investment | assets | 865,039 | 170,230 | ||
| Net movement in funds |
672,761 | 5,654 | |||
| Reconciliation offunds: |
|||||
| Total funds brought forward at 1August 2020 |
6,957,948 | 6,952,294 | |||
| Total funds carried forward at 31July 2021 | 7,630,709 | 6,957,948 |
| Balance She s at 31July |
et 2021 |
||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| Notes | 2021 | 2020 | |||
| f. | |||||
| Fixed assets | |||||
| Investments | -8/averton | 1(d),4 | 4,302,230 | 3,871,644 | |
| Investments | - Ruffer | 5.Co | 1(d), 4 | 3,301,045 | 3,067,837 |
| Total fixed assets | 7,603,275 | 6,939,481 | |||
| Current assets | |||||
| Debtors | 3,392 | 392 | |||
| Cash at bank | and in | hand | 181,732 | 170,510 | |
| Total current | assets | 185,124 | 170,902 | ||
| Creditors: amounts | falling due within one year | ||||
| Other creditors | 7,620 | 7,350 | |||
| Grant commitments | 1(b),2, 6 | 150,070 | 145,085 | ||
| Total current | liabilities | 157,690 | 152,435 | ||
| Net current | assets | 27,434 | 18,467 | ||
| Total net assets | 7,630,709 | 6,957,948 | |||
| The funds ofthe Charity: | |||||
| Unrestricted | funds: | ||||
| Generai | 7,625' 709 | 6,957,948 | |||
| Designated | 5,000 | ||||
| Total Charity funds | 7,630,709 | 6,957,948 |
| 2. Grant commitments |
2. Grant commitments |
2. Grant commitments |
2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| f | f | |||||||||||||
| Balance brought | forward 1August 2020 | 145,085 | 119,300 | |||||||||||
| Grants approved | in the | year | 242,320 | 241,165 | ||||||||||
| Adjustment for |
Grants | not | taken up |
/ | cancelled | (10,000) | (3,200) | |||||||
| Net payments / |
receipts in |
respect ofthe year | (227,335) | (212,180) | ||||||||||
| Balance carried | forward | 31July 2021 | 150,070 | 145,085 | ||||||||||
| 3. Resources expended, related party transactions |
and | Trustees | expenses and remuneration | |||||||||||
| Education | ||||||||||||||
| Historic buildings |
Places of Worship |
Historic Objects & Collections |
- Learning fk Research |
Arts | Education Bursaries |
Governance | Investment Fees |
Total 2021 |
Total 2020 |
|||||
| Fund | ||||||||||||||
| f | f | f | f | f | f | f | ||||||||
| Grants approved | 6,000 | 33,500 | 44, | 660 | 20,000 | 115,660 | 22,500 | 242,320 | 241,165 | |||||
| Grants not taken | (4,500) | (2,500) | (3,000) | (10,000) | (3,200) | |||||||||
| up / cancelled | ||||||||||||||
| Administration fee |
753 | 3,640 | 5,291 | 2,510 | 14,139 | 2,825 | 842 | 30,000 | 30,000 | |||||
| General expenses | 77 | 374 | 544 | 258 | 1,453 | 290 | 86 | 3,082 | 3,802 | |||||
| Investment Fees |
Ze,659 | 26,659 | 24,700 | |||||||||||
| Auditors | ||||||||||||||
| remuneration | 6,720 | 6,720 | 6,480 | |||||||||||
| Accountancy | 23 | 113 | 164 | 78 | 437 | 87 | 26 | 928 | 898 | |||||
| 6,853 | 33,127 | 48,159 | 22,846 | 128,689 | 25,702 | 7,674 | 26,659 | 299,709 | 303,845 |
| Investments | |||
|---|---|---|---|
| Waverton | Ruffer 8Co | Tata I | |
| Market value at 1August 2020 | 3,871,644 | 3,067,837 | 6,939,481 |
| Realised gains / (losses) | 2,303 | 6,058 | 8,361 |
| Unrealised gains / (losses) |
522,919 | 333,759 | 856,678 |
| Dividends and interest receivable |
82,023 | 25,391 | 107,414 |
| Transfers to CAF bank account | (150,000) | (132,000) | (282,000) |
| Charges | (26,659) | (26,659) | |
| Market value at 31July 2021 | 4,302,230 | 3,301,045 | 7,603,275 |
| Net investment gains in |
the year —summary | 2021 f |
2020 f |
|---|---|---|---|
| Movement on unrealised |
gains | 856,678 | 162,230 |
| Realised (losses) / gains | on historic cost | 8,361 | 8,000 |
| Net investment gains |
865,039 | 170,230 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Other | debtors | and | prepayments | 3,392 | 392 | |
| 3,392 | 392 |
| . Grants |
||||||
|---|---|---|---|---|---|---|
| Outstanding | ||||||
| Approved | Paid | including | ||||
| 2021 | amounts | |||||
| b/fwd | ||||||
| Historic Buildin s |
||||||
| Burton Constable Foundation -02/19 |
2,000 | |||||
| National Heritage Ironwork Group - 02/19 |
3,000 | |||||
| Stowe House Preservation Trust, |
Buckinghamshire | 10/19 | 5,000 | |||
| Wentworth Woodhouse Preservation |
Trust 10/19 | 5,000 | ||||
| Knutsford Town Council 10/19 |
1,000 | |||||
| Gwrych Castle Preservation Trust |
- 02/20 | 2,000 | ||||
| Mary Roxburghe Trust - 02/20 |
2,000 | |||||
| Ditchlcy Foundation, Oxfordshire |
—06/20 | 4,500 | ||||
| Painshill Park Trust, Surrey —06/20 |
2,500 | |||||
| Windmill Hill Windmill Trust —06/20 |
3,000 | |||||
| Minchinhampton Market House —02/21 |
2,500 | 2,500 | ||||
| Coldharbour Mill Trust —06/21 |
3,500 | 3,500 | ||||
| 6,000 | 7,000 | 29,000 |
| he Leche Trust otes to the Financial Statements or the year ended 35 July 2021 (continued) . Grants (continued) |
||||
|---|---|---|---|---|
| Outstanding | ||||
| Approved 2021 |
Paid | including amounts |
||
| b/fwd | ||||
| Durham Cathedral -05/18 |
1,000 | |||
| St Michael Archangel Church, Theydon Mount, Essex - 10/18 |
2,500 | |||
| StJames Church, Kinnersley, Herefords - 02/19 |
2,500 | |||
| St Michael Rc All Saints, Lower Machen, Gwent-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 St Peter's Church, Hoyland, South Yorks - 06/19 |
1,500 750 |
|||
| St Malachy's Church, Hillsborough, N Ireland - 06/19 |
2,000 | |||
| StGeorge's Church, Didbrook, Gloucesterhire —10/19 |
1,000 | |||
| St Mary's Church, Hawkesbury, Gloucestershire —10/19 |
750 | |||
| St Denys Church, Warminster, Wiltshire —10/19 |
2,000 | |||
| St Mary Magdalene Church, Geddington —10/19 Churches Conservation Trust for Holy Trinity Church |
—10/19 | 4,000 2,000 |
||
| Putley Parish Church, Herefordshire —10/19 All Saints Church, Morston, Norfolk —2/20 |
1,000 | 2,000 | ||
| All Saints Church, Patcham, Brighton —2/20 |
3,000 | |||
| Great Meeting Unitarian Chapel, Leicester —02/20 Hexham Abbey, Northumberland —02/20 St Giles Church, South Mimms, Hertfordshire —02/20 |
1,000 3,000 3,000 |
|||
| St Margaret's Church, Alderton, Northamptonshire |
—02/20 | 3,000 | ||
| St Peter and St Paul's Church, Preston, Rutland —02/20 |
1,000 | |||
| St Andrew's Church, Yardley Hastings —06/20 |
1,000 | |||
| St Bartholomew's Church Orford, Suffolk-06/20 |
2,500 | |||
| Church ofStJames the Great, Stoke Orchards —06/20 | 3,000 | |||
| St Mary Magdalene Church, Great Hampden, Bucks |
—06/20 | 2,800 | ||
| St Nicholas's Church, Standish, Gloucestershire —06/20 |
1,000 | |||
| St Bartholomew's Church, Tong, Shropshire —06/20 |
1,500 | |||
| Friends of Bath Jewish Burial Ground —06/20 |
3,750 | |||
| Friends ofShenstone Tower, Staffordshire —06/20 |
2,000 |
| Outstanding | ||||
|---|---|---|---|---|
| Approved 2021 |
Paid | including amounts |
||
| b/fwd | ||||
| Places ofWorshi continued |
f | |||
| St Michael &All Angels Church, East Anstey, |
Devon —10/20 | 2,000 | 2,000 | |
| St Peter &.StThomas Church, Wormbridge —02/21 |
2,500 | 2,500 | ||
| Putley Parish Church, Herefordshire —02/21 |
2,500 | 2,500 | ||
| St Giles Church, South Mimms, Hertfordshire |
—02/21 | 1,000 | 1,000 | |
| St Mary' s, Standon, Hertfordshire —06/21 |
2,000 | 2,000 | ||
| St Mary's Church, Bridlington, East Yorkshire |
- 06/21 | 2,280 | 2,280 | |
| StJulitta's Church, Lantglos, Cornwall —06/21 |
1,000 | 1,000 | ||
| St Peter' s, Little Barrington, Oxfordshire —06/21 |
2,410 | 2,410 | ||
| St Neat's Church, St Neot, Cornwall —06/21 | 4,000 | 4,000 | ||
| St Mary's Church, Cloford, Somerset —06/21 | 4,000 | 4,000 | ||
| StStephen's Church, Bristol —06/21 |
3,000 | 3,000 | ||
| St Andrew's Church, Hempstead, Essex —06/21 |
650 | 650 | ||
| Church ofSt Mary the Virgin, Hull —06/21 |
1,000 | 1,000 | ||
| All Saints Church, Crostwight, Norfolk 06/21 |
4,160 | 4,160 | ||
| St Bartholomew's Church, Tong, Shropshire —06/21 |
1,000 | 1,000 | ||
| 33,500 | 28,750 | 65,800 |
| Outstanding | ||||||||
|---|---|---|---|---|---|---|---|---|
| Approved | Paid | including | ||||||
| 2021 | amounts | |||||||
| b/fwd | ||||||||
| f | ||||||||
| Historic Ob'ects and Collections | ||||||||
| Paxton House, Scotland —02/18 |
4,000 | |||||||
| Guildhall Feoffment, Bury St Edmunds |
—05/18 | 2,000 | ||||||
| The Foundling Museum —10/18 |
2,500 | |||||||
| Bournemouth University/Maritime |
Archaeology | Trust - 10/18 | 1,500 | |||||
| NE InstituTe of Mining 5.Mechanical | Engineering | —10/18 | 2,500 | |||||
| Roya I Museums Greenwich —06/19 |
3,500 | |||||||
| Tunbridge Wells Museum —06/19 |
1,500 | |||||||
| British Museum -06/19 |
2,350 | |||||||
| Wallace Collection - 06/19 | 3,500 | |||||||
| SirJohn Soane's Museum -06/19 |
5,000 | |||||||
| Glasgow Life —02/20 |
5,000 | |||||||
| British Library —02/20 | 3,000 | |||||||
| Chiddingstone Castle (Denys Eyre |
Bower Bequest) —06/20 | 1,685 | ||||||
| College ofArms Trust —06/20 | 3,000 | |||||||
| Museums Worcestershire —10/20 |
3,200 | 3,200 | ||||||
| The National Gallery —02/21 |
5,000 | 5,000 | ||||||
| Paxton House Trust, Scotland —02/21 | 10,000 | 10,000 | ||||||
| Fort Amherst Heritage Trust, Chatham |
—02/21 | 1,500 | 1,500 | |||||
| The Quilters' Guild, York —02/21 |
3,000 | 3,000 | ||||||
| The Spalding Gentlemen's Society |
—02/21 | 3,000 | 3,000 | |||||
| Royal Albert Memorial Museum, |
Exeter —06/21 | 2,000 | 2,000 | |||||
| Royal Shakespeare Company, Stratfnrd |
upon Avon —06/21 | 1,960 | 1,960 | |||||
| Society ofGenealogists, London —06/21 |
2,100 | 2,100 | ||||||
| Chawton House Library, Hampshire |
—06/21 | 2,000 | 2,000 | |||||
| NationalTrust, Oxburgh Hall, Norfolk |
—06/21 | 1,000 | 1,000 | |||||
| National Portrait Gallery, London |
—06/21 | 4,900 | 4,900 | |||||
| Ashmolean Museum (Special Reserve |
Fund) —02/21 | 5,000 | 5,000 | |||||
| 44,660 | 42,235 | 43,460 |
| Grants (continued) | ||||
|---|---|---|---|---|
| Outstanding | ||||
| Approved | Paid | including | ||
| 2021 | amounts | |||
| b/fwd | ||||
| f | ||||
| Education Bursaries |
||||
| University of Northumbria |
2,500 | |||
| City 5 Guilds of London Art School | 7,500 | 7,500 | ||
| West Dean College | 7,500 | 7,500 | ||
| Fitzwilliam Museum, Hamilton Kerr Institute |
7,500 | 7,500 | ||
| 22,500 | 17,500 | 7,500 | ||
| Education Learnin 5 Research Fund |
||||
| City R Guilds of London Art School Institute ofConservation |
10,000 5,000 |
10,000 5,000 |
||
| Attingham Trust |
5,000 20,000 |
5,000 20,000 |
||
| Arts | ||||
| City of Wolverhampton —02/20 Kent Wildlife Trust —06/20 |
2,000 1,500 |
|||
| Fertile Ground —10/20 | 2,000 | 2,000 | ||
| The Alternative Theatre Company |
Ltd (Bush Theatre) —10/20 | 2,500 | 2,500 | |
| BoxofTricks Theatre Company —10/20 | 2,000 | 2,000 | ||
| Fuel Productions —10/20 | 1,000 | 1,000 | ||
| Activate Performing Arts —10/20 |
1,500 | 1,500 | ||
| Big Brum Theatre in Education Company —10/20 Hopscotch Theatre Company —10/20 Roya I Scottish N ation a I Orchestra —10/20 Britten Pears Arts —10/20 |
1,500 1,500 1,500 2,000 |
1,500 1,500 1,500 2,000 |
||
| City of London Sinfonia —10/20 Two Moors Festiva I —10/20 |
3,000 2,000 |
3,000 2,000 |
||
| The Voice Project —10/20 | 1,200 | 1,200 | ||
| Irene Taylor Trust —10/20 | 2,000 | 2,000 | ||
| Dunedin Consort —10/20 |
2,000 | 2,000 | ||
| Opera North —10/20 Op ra Cymru —10/20 British Youth Opera —10/20 |
2,000 2,000 2,500 |
2,000 2,000 2,500 |
||
| Hidden Door Charitable Company |
—10/20 | 2,500 | 2,500 | |
| Royal Northern College of Music —02/21 |
5,000 | 5,000 | ||
| London Chamber Orchestra —02/21 |
3,000 | |||
| Sound Festival, Scotland —02/21 | 2,500 | 2,500 | ||
| UK Friends of Cape Town Opera —02/21 | 2,000 | 2,000 |
| The Leche Trust | |||
|---|---|---|---|
| Notes to the Financial Statements | |||
| for the year ended 3'I July 2021 (continued) |
|||
| 6. Grants (continued) |
Approved | Paid | Outstanding |
| 2021 | including | ||
| amounts | |||
| b/fwd | |||
| f. | |||
| ~Arts cont. | |||
| Opera Holland Park —02/21 Pegasus Opera —02/21 Rambert —02/21 |
2,500 2,000 5,000 |
2,500 2,000 5,000 |
|
| RicNic Theatre —02/21 | 1,000 | 1,000 | |
| Ta lawa Theatre —02/21 | 2,500 | 2,500 | |
| Dundee Rep R Scottish Dance Theatre —02/21 Wayward Productions —02/21 Perth Festival ofthe Arts —02/21 |
3,000 2,000 2,000 |
3,000 2,000 2,000 |
|
| Little Angel Theatre, London —02/21 | 2,000 | 2,000 | |
| Thickskin Theatre —02/21 | 2,000 | 2,000 | |
| East Neuk Festiva I —02/21 |
1,500 | 1,500 | |
| Iris Theatre, London —06/21 | 2,000 | 2,000 | |
| High Tide Festival Productions Ltd, touring —06/21 Icarus Theatre Collective, touring —Ob/21 |
1,000 1,500 |
1,000 1,500 |
|
| BigTelly Theatre Company, Belfast —06/21 The Gate Theatre, London —06/21 |
1,650 1,500 |
1,650 1,500 |
|
| Lung Productions, touring —06/21 Theatre Royal Stratford East, London —06/21 State ofTrust, London S.Bristol —06/21 |
2,000 3,000 1,500 |
3,000 1,500 |
2,000 |
| MOTUS Dance, Milton Keynes —06/21 | 2,000 | 2,000 | |
| Turtle Key Arts, touring —06/21 Lost Dog Dance Ltd, touring —06/21 The Tunnell Trust, Scotland —06/21 |
2,000 1,500 2,000 |
2,000 1,500 2,000 |
|
| Brecon Beacons Music Trust, Wales —Ob/21 | 2,000 | 2,000 | |
| Young Musicians Symphony Orchestra —06/21 NMC Recordings —06/21 |
2,000 2,000 |
2,000 2,000 |
|
| Street Orchestra Live, touring -06/21 |
2,000 | 2,000 | |
| Spiritato, touring —06/21 Psappha Ensemble, Manchester-06/21 Lake District Summer Music —06/21 |
2,000 2,500 1,500 |
2,000 2,500 1,500 |
|
| Musica Secreta, touring —06/21 | 1,500 | 1,500 | |
| Opera Circus Ltd, touring -06/21 Northern Opera Group, Leeds —06/21 Longborough FestivalOpera —06/21 |
1,500 2,000 2,310 |
1,500 2,000 |
2,310 |
| 115,660 | 111,850 | 4,310 |
| Outstanding | |||||
|---|---|---|---|---|---|
| 6. Grants (continued) |
Approved 2021 |
including amounts |
|||
| b/fwd | |||||
| f | f | f | |||
| Historic buildings Places ofWorship Historic Objects and Collections Education (Bursaries) |
6,000 33,500 44,660 22,500 |
7,000 28,750 42,235 17,500 |
29,000 65,800 43,460 7,500 |
||
| Education Learning Arts |
8 Research | Fund | 20,000 115,660 |
20,000 111,850 |
4,310 |
| 242,320 | 227,335 | 150,070 |
| Apart from the Education grants | Apart from the Education grants | Apart from the Education grants | which are to Individuals, | all other grants are to institutions. | |
|---|---|---|---|---|---|
| 7. | Grants not | taken up / Cancelled | f | ||
| Royal Collection All Saints Church |
Trust -05/18 Brocklesbury |
Lincolnshire —05/17 | 2,500 2,500 |
||
| St Michael's Church Herne Hill |
Kent —10/19 | 2,000 | |||
| London Chamber | Orchestra —02/21 | 3,000 | |||
| 10,000 |
| . Unrestricted | Funds | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| General | f | f. | ||||
| Balance b/fwd | 6,957,948 | 6,952,294 | ||||
| Net movement | in General | Fund | 677,761 | 15,654 | ||
| Transfer to Designated | Fund | (10,000) | (10,000) | |||
| Balance c/fwd | 7,625,709 | 6,957,948 | ||||
| ~Desi neted | ||||||
| Balance b/fwd | ||||||
| Net movement | in Designated | Fund | (5,000) | (10,000) | ||
| Transfer from | General | Fund | 10,000 | 10,000 | ||
| Balance c/fwd | 5,000 |
| Total | |||
|---|---|---|---|
| Balance b/fwd | 6,957,948 | 6,952,294 | |
| Net movement | in funds | 672,761 | 5,654 |
| Balance c/fwd | 7,630,709 | 6,957,948 |