2022-07-31-accounts - The Leche Trust

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				Unrestricted	Unrestricted
				Funds	Funds
			Notes	2022	2021
				f	f
Income from:
Incoming resources from	generated	funds
Investments
Dividends receivable				149,144	107,414
Bank Interest receivable				133	17
Total income			1(e)	149,277	107,431
Expenditure on:
Charitable activities
Performing Arts				141,655	128,689
Conservation —Historic	buildings			10,784	6,853
Conservation —Places ofWorship				81,496	33,127
Conservation —Historic	Objects and Collections			10,564	48,159
Education —Bursa ries				25,328	25,702
Education —Learning 5	Research	Fund		31,519	22,846
Cost ofgrant making				301,346	265,376
Investment Management	Costs			28,658	26,659
Governance Costs				7,948	7,674
Total expenditure				337,952	299,709
Net resources expended	before net gains on investments			(188,675)	(192,278)
Net gains on investment	assets			96,313	865,039
Net movement in funds				(92,362)	672,761
Reconciliation offunds:
Total funds brought forward at 1August 2021				7,630,709	6,957,948
Total funds carried forward at31july 2022				7,538,347	7,630,709

				Unrestricted	Unrestricted
				funds	funds
			Notes	2022	2021
				f	f
Fixed assets
Investments	—Waverton		1(d),4	4,258,094	4,302,230
Investments	—Ruffer		1(d),4	3,228,980	3,301,045
Total fixed assets				7,487,074	7,603,275
Current assets
Debtors				408	3,392
Cash at bank	and in	hand		214,069	181,732
Total current	assets			214,477	185,124
Creditors: amounts		falling due within one year
Other creditors				8,008	7,620
Grant commitments			1(b),2,6	155,196	150,070
Total current	liabilities			163,204	157,690
Net current assets				51,273	27,434
Total net assets				7,538,347	7,630,709
The funds ofthe Charity:
Unrestricted	funds:
General				7,523,347	7,625,709
Designated				15,000	5,000
Total Charity	funds			7,538,347	7,630,709

2. Grant commitments	2. Grant commitments										2022 f	2021 f
Balance brought	forward 1August 2021										150,070	145,085
Grants approved	in the year										275,317	242,320
Adjustment for	Grants not taken up		/	cancelled							(7,615)	(10,000)
Net payments /	receipts in respect of			the year							(262,576)	(227,335)
Balance carried	forward 31July 2022										155,196	150,070
3. Resources expended, related party transactions							and	Trustees expenses and remuneration
						Education
	Historic buildings Places of Worship		Historic Objects & Collections			- Learning & Research			Education Bursaries	Governance	Investment Fees	Total 2022	Total 2021
						Fund
					E							E
Grants approved	14,580	72,397			12,000	28,000		125,840	22,500			275,317	242,320
Grants not taken	(5,000)				(2,615)							(7,615)	(10,000)
up / cancelled Administration fee	1,046	7,905			1,025	3,057		13,740	2,457	770
General expenses	125				122		365	1,641	293			3,584	3,082
Investment Fees											28,658	28,658	26,659
Auditors
remuneration										7,060		7,060	6,720
Accountancy	33	250			32		97	434	78	24				928
	10,784	81,496			10,564	31,519		141,655	25,328	7,948	28,658	337,952	299,709

. Investments
	Waverton	Ruffer LLP	Total
	f		f
Market value at 1August 2021	4,302,230	3,301,045	7,603,275
Realised gains / (losses)	(35,854)	1,648	(34,206)
Unrealised gains / (losses)	136,344	(5,825)	130,519
Dividends and interest receivable	85,032	64,112	149,144
Transfers to CAF bank account	(201,000)	(132,000)	(333,000)
Charges	(28,658)		(28,658)
Market value at 31July 2022	4,258,094	3,228,980	7,487,074
The historic cost ofthe investments	held at 31July 2022 isf5,566,374(2021 -f5,586,122).
Net investment gains in the year —summary		2022	2021
		f	f
Unrealised gains / (losses)		130,519	856,678
Realised gains / (losses)		(34,206)	8,361
Net investment gains		96,313	865,039
. Debtors
		2022	2021
		f	f
Other debtors and prepayments		408	3,392
		408	3,392

. Grants
						Outstanding
				Approved		including
				2022		amounts
						b/fwd
Historic Buildin s						f
Stowe House Preservation Trust,	Buckinghamshire		-10/19		5,000
Knutsford Town Council - 10/19					1,000
Gwrych Castle Preservation Trust	-02/20				2,000
Ditchley Foundation, Oxfordshire -06/20 Painshill Park Trust, Surrey - 06/20					4,500 480	2,020
Windmill Hill Windmill Trust - 06/20						3,000
Minchinhampton Market House	—02/21				2,500
Coldharbour Mill Trust —06/21				80	3,580
Hospital ofWilliam Brown, Stamford —10/21 Stratford-upon Avon Town Council —10/21				1,500 1,000		1,500 1,000
Wheatley Windmill Society, Oxfordshire —03/22				5,000		5,000
Bournemouth University, Marine	Archaeology	Unit	—06/22	3,000		3,000
Copped Hall Trust —06/22				4,000		4,000
				14,580	19,060	19,520

			Outstanding
	Approved 2022	Paid	including amounts
			b/fwd
Places ofWorshi
Durham Cathedral -05/18		1,000
St Michael & All Saints, Lower Machen, Gwent - 02/19		2,000
St Mary's Church, Lytchett Maltravers, Dorset - 02/19			1,000
St Mary the Virgin, Buckland, Oxon —06/19		1,500
St Peter's Church, Hoyland, South Yorkshire - 06/19		750
StGeorge's Church, Didbrook, Gloucestershire —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			4,000
Churches Conservation Trust for Holy Trinity Church —10/19		2,000
All Saints Church, Morston, Norfolk —2/20		2,000
Great Meeting Unitarian Chapel, Leicester —02/20		1,000
Hexham Abbey, Northumberland —02/20			3,000
StGiles Church, South Mimms, Hertfordshire —02/20		3,000
St Bartholomew's Church Orford, Suffolk —06/20			2,500
St Mary Magdalene Church, Great Hampden, Bucks —06/20			2,800
Friends ofShenstone Tower, Staffordshire —06/20		2,000
St Michael & All Angels Church, East Anstey, Devon —10/20		2,000
St Peter &StThomas Church, Wormbridge —02/21			2,500
Putley Parish Church, Herefordshire —02/21			2,500
StGiles Church, South Mimms, Hertfordshire —02/21		1,000
St Mary' s, Standon, Hertfordshire —06/21		2,000
St Mary's Church, Bridlington, East Yorkshire - 06/21		2,280
StJulitta's Church, Lantglos, Cornwall —06/21		1,000
St Peter' s, Little Barrington, Oxfordshire —06/21		2,410
StNeot's Church, St Neot, Cornwall —06/21			4,000
St Mary's Church, Cloford, Somerset —06/21			4,000
StStephen's Church, Bristol —06/21			3,000
StAndrew's Church, Hempstead, Essex —06/21		650
Church ofSt Mary the Virgin, Hull —06/21			1,000
All Saints Church, Crostwight, Norfolk —06/21			4,160
StBartholomew's Church, Tong, Shropshire —06/21			1,000

. Grants (continued)
					Outstanding
			Approved 2022	Paid	including amounts
					b/fwd
Places ofWorshi continued
St Andrew's Church, Alfriston, East Sussex —10/21			1,250		1,250
St Mary's Church, Bitton, Gloucestershire —10/21			1,000	1,000
St Blasius Church, Shanklin, Isle ofWight —10/21			1,000	1,000
All Saints Church, Graveney, Kent —10/21			2,000		2,000
St Andrew's Church, Sandon, Essex —10/21			1,250	1,250
StVigor's Church, Stratton-on-the-Fosse, Somerset —10/21			1,500	1,500
St Helen's Church, Wheathampstead, Hertfordshire		—10/21	4,000		4,000
St Nicholas Church, Little Saxham, Suffolk —10/21			2,500		2,500
St Mary's Church, Antingham, Norfolk-10/21			1,000		1,000
Great Meeting Unitarian Chapel, Leicester- supp.	Grant —10/21		1,000	1,000
StJohn Evangelist Church, Oxburgh, Norfolk —10/21			3,000		3,000
StSimon 5St Jude's Church, Castlethorpe, Bucks	—10/21		4,000		4,000
StGeorge's Church, Didbrook —supp. grant —10/21			1,000		1,000
St Moran's Church, Lamorran, Cornwall —03/22			3,000		3,000
Wells Cathedral —03/22			4,000		4,000
St Laurence's Church, Wormley, Herts —03/22			5,000		5,000
St Mary the Virgin Church, Holne, Devon —03/22			3,000		3,000
St Leonard's Church, Bulford, Wiltshire —03/22			531	531
All Saints Church, Wretton, Norfolk —03/22			2,500	2,500
St Matthews' Church, Butterleigh, Devon-03/22			1,500		1,500
St Mary Magdalene Church, Wethersfield, Essex —03/22			2,000	2,000
Cheltenharn Borough Council (churchyard tombs)	—03/22		2,000		2,000
St Peter's Church, Windrush, Gloucestershire —06/22			2,000		2,000
St Martin's Church, Desford, Leicestershire —06/22			1,500		1,500
PCC ofClare with Poslingford, Suffolk -06/22			2,000		2,000
St Laurence's Church, Warborough, Oxfordshire —06/22			2,000		2,000
All Saints Church, Darton, South Yorkshire —06/22			3,000		3,000
St Edward's Church, Goathurst, Somerset —06/22			1,000		1,000
St Mary's Church, Froyle, Hampshire —06/22			2,000		2,000
Discover Decrypt - St Mary De Crypt, Gloucester —06/22			2,240		2,240
St Mary's Church, Southwick, Northamptonshire	—06/22		4,000		4,000
Westminster Abbey —06/22			1,126		1,126
St Edmund's Church, Castleton, Derbyshire —06/22			1,000		1,000
All Saints Church, Sandon, Staffordshire —06/22			2,500		2,500
			72,397	40,121	98,076

	Grants (continued)
						Outstanding
				Approved	Paid	including
				2022		amounts
						b/fwd
Historic	Ob ects and Collections
Royal Museums Greenwich, Van de Velde the Younger —06/19						3,500
Tunbridge Wells Museum, 18th century		robe —06/19			1,500
Wallace	Collection, repair of French flint-lock pistol —06/19				885
SirJohn	Soane's Museum, watercolour,	Joseph	Gandy —06/19		5,000
British Library —02/20						3,000
Paxton	House Trust, Scotland —02/21				10,000
The Quilters' Guild, York —02/21					3,000
Royal Albert Memorial Museum, Exeter		—06/21				2,000
Royal Shakespeare Company, Stratford		upon Avon —06/21			1,960
Society	ofGenealogists, London —06/21					2,100
Chawton	House Library, Hampshire —06/21				2,000
National	Trust, Oxburgh Hall, Norfolk —06/21				1,000
National	Portrait Gallery, London —06/21				4,900
Royal Pavilion & Museums, Brighton —Tomkison			Piano —10/21	2,000		2,000
Culture	Perth & Kinross/Perth Art Gallery, 18th c.clock —03/22			3,000		3,000
Dulwich	Picture Gallery, London —06/22			5,000		5,000
College	ofArms —06/22			2,000		2,000
				12,000	30,245	22,600

Grants (continued)
								Outstanding
						Approved	Paid	including
						2022		amounts
								b/fwd
Education Bursaries								f
Textile Conservation Foundation, University ofGlasgow						7,500	7,500
Courtauld Institute ofArt, London						7,500	7,500
University of Northumbria						7,500	7,500
Fitzwilliam Museum, Hamilton		Kerr Institute		(approved	in 2021)		7,500
						22,500	30,000
Education Learnin & Research		Fund
Attingharn Trust						5,000	5,000
University of Buckingham						7,500	7,500
British Museum Beirut Glass project						5,000		5,000
Westminster Abbey Terracotta		research project				2,500		2,500
Wentworth Woodhouse Preservation			Trust			8,000	8,000
						28,000	20,500	7,500
Arts
Lung Productions, touring —06/21							2,000
Longborough Festival Opera —06/21							2,310
Wilton's Music Hall —10/21						2,000	2,000
Southwark Playhouse —10/21						2,000	2,000
Company ofWolves, Glasgow		—10/21				2,000	2,000
Suffolk Philharmonia Orchestra		—10/21				2,000	2,000
Trac Cymru —10/21						2,000	2,000
National Youth Choirs ofGreat		Britain	—10/21			2,000	2,000
London Sinfonietta —10/21						2,000	2,000
Festival of Fools, Belfast —10/21						2,500	2,500
The Gemini Trust —10/21						500	500
IfOpera —10/21						1,500	1,500
Ulster Orchestra —10/21						3,000	3,000
Drake Music —10/21						2,000	2,000
Barbican Centre Trust —10/21						2,000	2,000
National Youth Jazz Orchestra		—10/21				3,000	3,000
Anjali Dance Company, —10/21						2,500	2,500
The People's Orchestra, West		Midlands —10/21				1,500	1,500
Bangor Music Festival, Wales	—10/21					1,500	1,500
Lyric Hammersmith Theatre,	London —10/21					2,000	2,000

			Outstanding
6. Grants (continued)	Approved 2022	Paid	including amounts
			b/fwd
Arts cont.			f
Stanley Arts, London —10/21	2,000	2,000
Pleasance Theatres Trust —03/22	2,000	2,000
Mimbre - 03/22	2,000	2,000
The Dartington Trust —03/22	2,000	2,000
The Albany, Deptford —03/22	4,000	4,000
Kantos Chamber Choir —03/22	1,000	1,000
Charles Wood Festival of Music —03/22	2,000	2,000
Shobana Jeyasingh Dance Company —03/22	2,500	2,500
Vision Mechanics —03/22	2,000		2,000
Winchester Chamber Music Festival —03/22	1,500	1,500
Edinburgh International Film Festival —03/22	2,000	2,000
Sadler's Wells Trust —03/22	2,000	2,000
SongEasel —03/22	1,700	1,700
Middle Child Theatre —03/22	2,140	2,140
Cathedral Quarter Arts Festival Belfast —03/22	1,500	1,500
JAM —03/22	2,000	2,000
Presteigne Festival of Music &Arts —03/22	2,500	2,500
Theatre and Dance Nl —03/22	3,000	3,000
Rarescale —03/22	1,000	1,000
The Marian Consort —03/22	2,000	2,000
Menagerie Theatre Company —03/22	2,000	2,000
Wassail Theatre Company —03/22	1,000	1,000
Chamber Music Tours Scotland —03/22	1,000	1,000
Corbridge Chamber Music Festival —06/22	1,500		1,500
Arts at the Old Fire Station —06/22	2,000	2,000
The Production Exchange —06/22	2,000	2,000
Assoc. British Theatre Technicians —06/22	3,000	3,000
South Bank Sinfonia —06/22	2,000		2,000
JMK Trust —06/22	2,000	2,000
Clonter Opera Theatre [Clonter Farm Music Trust] —06/22	2,000	2,000
Hatfield House Chamber Music Festival —06/22	1,500	1,500
Cowbridge Music Festival —06/22	1,500	1,500
NW Live Arts —06/22	2,000	2,000
Ensemble OrQuesta —06/22	1,000	1,000
Ballet Soul —06/22	2,000	2,000
Battersea Arts Centre —06/22	2,000	2,000

Hatfield House Chamber	Music Festival	Music Festival	—06/22	1,500	1,500
						Outstanding
6. Grants (continued)				Approved 2022	Paid	including amounts
						b/fwd
						f
Arts cont.
Benedetti Foundation —06/22				2,000	2,000
Whidden Autumn Festival		—06/22		1,500	1,500
Theatre de Complicite Education -06/22				2,000	2,000
Poet in the City —06/22				2,500	2,500
Serious Trust —06/22				2,000	2,000
Zoo Co Creative Ltd —06/22				1,500	1,500
Coma r —06/22				2,000	2,000
The Place/Contemporary		Dance Trust	—06/22	3,000	3,000
Sinfonia Cymru —06/22				2,000		2,000
Fishguard 5West Wales	International		Music Festival —06/22	2,000	2,000
				125,840	122,650	7,500

						Outstanding
6. Grants (continued)				Approved 2022	Paid	including amounts
						b/fwd
				f	f	f
Historic buildings				14,580	19,060	19,520
Places of	Worship			72,397	40,121	98,076
Historic Objects and		Collections		12,000	30,245	22,600
Education	(Bursaries)			22,500	30,000
Education	Learning	& Research	Fund	28,000	20,500	7,500
Arts				125,840	122,650	7,500
				275,317	262,576	155,196

Historic	buildin s
Burton	Constable	Foundation	—02/19	2,000
National	Heritage	Ironwork Group —02/19		3,000
Historic	Ob ects and Collections
Wallace	Collection,	repair of	French flint-lock pistol —06/19	2,615
				7,615

. Unrestricted	Funds
					2022	2021
General					f	f
Balance b/fwd					7,625,709	6,957,948
Net movement	in General		Fund		(92,362)	677,761
Transfer to Designated		Fund			(10,000)	(10,000)
Balance c/fwd					7,523,347	7,625,709
~Desi sated
Balance b/fwd					5,000
Net movement	in Designated			Fund		(5,000)
Transfer from	General	Fund			10,000	10,000
Balance c/fwd					15,000	5,000

Total
Balance b/fwd		7,630,709	6,957,948
Net movement	in funds	(92,362)	672,761
Balance c/fwd		7,538,347	7,630,709