2023-07-31-accounts - The Leche Trust

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				Unrestricted	Unrestricted
				Funds	Funds
			Notes	2023	2022
				f
Income from:
incoming resources from	generated funds
Investments
Dividends receivable and similar income				171,399	149,144
Bank Interest receivable				1,869	133
Total income			1(e)	173,268	149,277
Expenditure on:
Charitable activities
Performing Arts				80,368	141,655
Conservation —Historic buildings				5,997	10,784
Conservation —Places ofWorship				52,538	81,496
Conservation —Historic Objects and Collections				59,148	10,564
Education —Bursaries				26,990	25,328
Education —Learning Ik Research Fund				29,316	31,519
Cost ofgrant making				254,357	301,346
Investment Management	Costs			20,577	28,658
Governance Costs				8,998	7,948
Total expenditure				283,932	337,952
Net resources expended	before net gains on investments			(110,664)	(188,675)
Net (loss) / gain on investment		assets		(126,434)	96,313
Net movement in funds				(237,098)	(92,362)
Reconciliation offunds:
Total funds brought forward at		1August 2022		7,538,347	7,630,709
Total funds carried forward at		31July 2023		7,301,249	7,538,347

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			f	f
Fixed assets
Investments —Waverton		1(EI),4	4,157,255	4,258,094
Investments —Ituffer		1(d), 4	3,072,207	3,228,980
Total fixed assets			7229462	7487074
Current assets
Debtors			3,428	408
Cash at bank and in	hand		197,219	214,069
Total current assets			200,647	214,477
Creditors: amounts	falgng due within one year
Other creditors			8,500	8,008
Grant commitments		1(b),2,6	120,360	155,196
Total current liabilities			128,860	163,204
Net current assets			71,787	51,273
Total net assets			7,301,249	7,538,347
The funds ofthe Chadty:
Unrestricted funds:
General			7,301,249	7,523,347
Designated				15,000
Total Charity funds		8	7,301,249	7,538,347

						Education	Education
			Historic	Places of	Hlstorlc	-	teaming		Education			Investment	Tote I	Total
			bugdlngs	Worship	Oblects 8 Collections	& Research			gursarles		Governance	Fees	2023	2022
							Fund
			F.	6			6		6				E	6
Grants approved			5,00D	46+00	49,310		24,5DO	72,0DO	22,	50D			219,610	275,317
Grants not taken				(2,500)			03)	(5,000)					(7,573)	(7,615)
up/canceged
Adminlstratlon		fee		5,983	6,736		3,347	9,153	3,074		1,024		30,000	30,000
Generalexpenses				2,550	2,871		1,427	3,901	1,310		438		12,788	3,584
Investment	Fees											20,577	20477	28,658
Auditors
remuneration											7,500		7,500	7,060
Accountancy				205			115	314		106	36		1,030	948
			5,997	52,538	59,148		29,316	80,368	26,990		8,998	20,577	283,932	337,952

4. Investments
	Waverton	Ruffer LLP	Total
		f	6
Market value at 1August 2022	4,258,094	3,228,980	7,487,074
Realised gains/(losses)	(58,298)	163,539	105,241
Unrealised gains / (losses)	32,302	(263,977)	(231,675)
Dividends and interest receivable	95,734	75,665	171,399
Transfers to CAF bank account	(150,000)	(132,000)	(282,000)
Charges	(20,577)		(20,577)
Market value at 31July 2023	4,157,255	3,072,207	7,229,462
The historic cost ofthe investments	held at 31July 2023 isf6,725,117(2022 —65,566,374).
Net investment gains in the year —summary		2023	2022
		f	f
Unrea lised gains / (losses)		(231,675)	130,519
Realised gains / (losses)		105,241	(34,206)
Net investment gains		(126,434)	96,313
5. Debtors
		2023	2022
		6	f
Other debtors and prepayments		3,428	408
		3,428	408

										Outstanding
								Approved 2023	Paid	including amounts
										b/fwd
~Hit i		Bg~i								f
Painshill		Park Trust, Surrey —06/20							2,020
Windmill		Hill Windmill Trust -06/20							3,000
Hospital		ofWilliam Brown, Stamford		—10/21					1,500
Stratford-upon Avon Town Council			—10/21						1,000
Wheatley		Windmill Society, Oxfordshire			—03/22				5,000
Bournemouth University, Marine Archaeology						Unit	—06/22		3,000
Copped	Hall Trust —06/22								4,000
Beckford's Tower Trust —11/22								5,000		5,000
								5,000	19,520	5,000

. Grants (continued)
				Outstanding
		Approved	Paid	including
		2023		amounts
				b/fwd
~PI fW hi
St Mary's Church, Lytchett Maltravers —02/19			1,000
St George's Church, Didbrook, Gloucestershire —10/19			1,000
St Mary Magdalene Church, Northamptonshire —10/19				4,000
Hexham Abbey, Northumberland —02/20			3,000
St Mary Magdalene Church, Great Hampden, Bucks	—06/20		2,800
St Bartholomew's Church, Tong, Shropshire —06/21				1,000
St Peter tk StThomas Church, Herefordshire —02/21			2,500
Putley Parish Church, Herefordshire —02/21			2,500
St Neat'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
All Saints Church, Crostwight, Norfolk —06/21			4,160
Church ofSt Mary the Virgin, Hull - 06/21			1,000
StAndrew's Church, Alfriston, East Sussex —10/21				1,250
All Saints Church, Graveney, Kent —10/21			2,000
St Helen's Church, Wheathampstead, Hertfordshire	—10/21			4,000
St Nicholas Church, Little Saxham, Suffolk —10/21				2,500
St Mary's Church, Antingham, Norfolk —10/21				1,000
StJohn Evangelist Church, Oxburgh, Norfolk —10/21				3,000
StSimon lk St Jude's Church, Buckinghamshire —10/21			4,000
StGeorge's Church, Gloucestershire —10/21			1,000
St Moran's Church, Lamorran, Cornwall —10/21				3,000
Wells Cathedral —03/22				4,000
St Laurence's Church, Wormley, Herts —03/22			5,000
St Mary the Virgin Church, Holne, Devon —03/22			3,000
St Matthews' Church, Butterleigh, Devon —03/22			1,500
Cheltenham Borough Council (churchyard tombs) —03/22			2,000
St Peter's Church, Windrush, Gloucestershire —06/22			2,000
St Martin's Church, Desford, Leicestershire —06/22				1,500
PCC of Clare with Poslingford, Suffolk —06/22			2,000
St Laurence's Church, Warborough, Oxfordshire —06/22				2,000

. Grants (continued)
					Outstanding
			Approved 2023	Paid	including amounts
					b/fwd
Places ofWorshi continued
All Saints Church, Darton, 5Yorkshire —06/22					3,000
St Edward's Church, Goathurst, Somerset —06/22					1,000
St Mary's Church, Froyle, Hampshire —06/22				2,000
Discover Decrypt - St Mary De Crypt, Gloucester —06/22				2,240
St Mary's Church, Southwick, Northamptonshire	—06/22			4,000
St Edmund's Church, Castleton, Derbyshire —06/22					1,000
All Saints Church, Sandon, Staffordshire —06/22					2,500
St Mary's Church, Titchmarsh —11/22			4,000	4,000
St Mary the Virgin, Arlingham —11/22			2,000		2,000
St Mary the Virgin, Great Milton —11/22			4,000		4,000
St Bartholomew's Church, Tong —11/22			3,000		3,000
StJohn the Baptist Church, SCarlton —11/22			3,000		3,000
Lichfield Cathedral —11/22			1,500		1,500
St Leonard's Church, Bulford —11/22			3,300		3,300
All Saints Sandon, Staffordshire -03/23			5,000		5,000
St Matthew's Church Morley, Derbyshire —03/23			5,000		5,000
St George's Church Trotton, West Sussex —03/23			5,000		5,000
StJames the Great Church, Cranham, Gloucestershire		—03/23	5,000		5,000
Church ofthe Holy Rood, Gloucestershire —03/23			2,500		2,500
St Magdalene Church, Wethersfield, Essex —03/23			2,000		2,000
St Morran's Church Lanmorran, Cornwall —03/23			1,000		1,000
			46,300	63,700	77,050

6. Grants (continued)
					Outstanding
			Approved	Paid	including
			2023		amounts
					b/fwd
Historic Ob ects and Collections					6
Royal Museums Greenwich, Van de Velde	the Younger —06/19			3,500
British Library —02/20				3,000
Royal Albert Memorial Museum, Exeter —06/21				2,000
Society of Genealogists, London —06/21					2,100
Royal Pavilion &Museums Trust, Tomkison	Piano —10/21			2,000
British Museum- Beiruit Project —10/21				5,000
Culture Perth & Kinross/Perth Art Gallery,	18th cent. clock —03/22				3,000
Dulwich Picture Gallery, London —06/22				5,000
College ofArms —06/22					2,000
Cromwell Museum, Huntingdon —11/22			2,600		2,600
Huguenot Museum, Rochester —11/22			2,600	2,600
Hestercombe Gardens Trust, Somerset —11/22			2,600		2,600
Spalding Gentlemen's Society, Lincolnshire	—11/22		2,000	2,000
Pitthanger Manor &Art Gallery Trust, Villa	Negroni	prints —03/23	2,500		2,500
Museums &Galleries Edinburgh, Sicilian Commode		—03/23	1,200		1,200
Bodleian Library, Oxford, portrait of unknown lady		—03/23	2,000		2,000
Soc.Pres. ofAncient Buildings, Robertson	Sketchbooks —03/23		2,000		2,000
Colchester Museums Dev. Found. , Roman	lead coffins —03/23		2,500		2,500
Dr Johnson's House, London —Book conservation —03/23			2,000		2,000
Chiddingstone, Denis Eyre Bower Beq.,Japanese swords —03/23			2,310		2,310
Portrait ofOmai by Joshua Reynolds —02/23 (Special Reserve)			25,000	25,000
			49,310	50,100	26,810

Grants (continued)
						Outstanding
						'
				Approved 2023	Paid	including amounts
						b/fwd
Education Bursaries						E
Building Craft Programme,	Prince's		Foundation	7,500	7,500
BA Conservation Course Year 2,		City	&Guilds of London Art School	7,500	7,500
Graduate Diploma Conservation		Course, West Dean College		7,500		7,500
				22,500	15,000	7,500
Education Learnin &Research		Fund
Attingham Trust				5,000	5,000
University of Buckingham				7,500	7,500
Wentworth Woodhouse Preservation			Trust	8,000	8,000
Westminster Abbey- 06/22					3553
Fitzwilliam Museum —11/22				4,000		4,000
				24,500	24,053	4,000
Arts
Vision Mechanics —03/22					2,000
Corbridge Chamber Music Festival —06/22					1,500
Sinfonia Cymru —06/22					2,000
The Night With. .. —11/22				2,000	2,000
The Opera Makers —11/22				1,500	1,500
Pavlion Dance South West —11/22				2,000	2,000
Half Moon Young People's Theatre —11/22				1,500	1,500
Brundibar Arts Festival —11/22				2,000	2,000
Theatre Peckham —11/22				2,000	2,000
Terra Nova Productions —11/22				2,000	2,000
UPROAR —11/22				1,500	1,500
The November Club —11/22				1,000	1,000
United Strings of Europe —11/22				1,500	1,500
Orchestras Live —11/22				1,500	1,500
Teatro Vivo —11/22				1,500	1,500
English Chamber Orchestra	—11/22			2,000	2,000
New Futures Collective, T/A	Hackney		Showroom —11/22	2,000	2,000
Kabosh —11/22				2,000	2,000
Lyric Theatre Nl —11/22				2,000	2,000

				Outstanding
6. Grants (continued)		Approved 2023	Paid	including amounts
				b/fwd
Arts cont.				E
High Barnet Music Festival —11/22		2,000	2,000
East Neuk Festival —03/23		2,000	2,000
INK Theatre Co —03/23		1,000	1,000
StJames Church Piccadilly- 03/23		2,000	2,000
National Dance Co Wales —03/23		2,000	2,000
South East Dance —03/23		2,000	2,000
Music in the Round —03/23		2,000	2,000
SICKI Productions —03/23		2,000	2,000
Manchester Collective —03/23		2,000	2,000
Vamos Theatre Co —03/23		2,000	2,000
Chisenhale Dance Space —03/23		2,000	2,000
Keynote Opera —03/23		2,000	2,000
Tortoise in a Nutshell —03/23		1,000	1,000
In Between Time —03/23		2,000	2,000
City Moves Dance Agency —03/23		1,000	1,000
Folio Theatre —03/23		2,000	2,000
Stopgap Dance Co —03/23		2,000	2,000
Wonder Fools Theatre Co —03/23		1,000	1,000
Egg Theatre (Theatre Royal Bath) —03/23		2,000	2,000
McNicoll Ballet Collective —03/23		2,000	2,000
Fruitmarket Gallery —03/23		2,000	2,000
Birds of Paradise Theatre Co —03/23		2,000	2,000
Playwrights Studio —03/23		2,000	2,000
Bruiser Theatre Co —03/23		2,000	2,000
Association of British Theatre Technicians	—06/22 (repaid/canc)		(3,000)
		72,000	74,500

						Outstanding
6. Grants (continued)				Approved 2023	Paid	including amounts
						b/fwd
				E	E	f
Historic buildings				5,000	19,520	5,000
Places of	Worship			46,300	63,700	77,050
Historic Objects and		Collections		49,310	50,100	26,810
Education	(Bursa ries)			22,500	15,000	7,500
Education	Learning	lk Research	Fund	24,500	24,053	4,000
Arts				72,000	74,500
				219P610	246,873	120,360

Grants	not taken up / Cancelled
~PI fff	A
St Bartholomew's Church Orford, Suffolk —06/20		2,500
Westminster	Abbey —06/22	73
~PA I	Af
South Bank	Sinfonia —06/22	2,000
Association	of British Theatre Technicians —06/22	3,000
		7,573

8. Unres	tricted	Funds
						2023	2022
General						f	6
Balance	b/fwd					7,523,347	7,625,709
Net movement		in General		Fund		(212,098)	(92,362)
Transfer	to Designated		Fund			(10,000)	(10,000)
Balance	c/fwd					7,301,249	7,523,347
~Di	sr
Balance	b/fwd					15,000	5,000
Net movement		in Designated			Fund	(25,000)
Transfer	from	General	Fund			10,000	10,000
Balance	c/fwd						15,000

Total
Balance b/fwd		7,538,347	7,630,709
Net movement	in funds	(237,098)	(92,362)
Balance c/fwd		7,301,249	7,538,347