##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||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|