The Leathersellers,
Barnet Charity
Annual Report and Accounts
For the year ended 31 Oecember 2024
Charity Registration Number
247986

Contents
Reports
Legal and administrative information
Report of the Trustees
Independent examin&rfs report
Accounts
Statement of Financial Activities
Balance Sheet
Notes to the accounts
9-18
The Leathersellers, Barnet Charitv

Legal and administratlve information
Trustee5:
Mr CJ V Williarns
Mr M T Berman
Chairman lappointed 10 December 20221
Ireslgned as Chairman on 10 December 20241
INomlnatlve Trustee until 9 December 20271
(resigned as Ex-officlo Trustee on 24 july 20241
(Ex-officio Trustee appointed 19 July 20231
(Ex-officio TTUStee appointed 24 July 20241
(retired a5 Norninative Trustee on 10 December 20241
(Norninative Trustee appointed IO, December 20241
(Nominative Trustee appointed 10 Decernber 20241
Mr M J Brad￿ Russell
Mr M G Wllliams
Mr RN Tusting
Mr MDI Dove
MrR WPeart
Mr JM Spurlin8
Mrs SL Barr
Address:
7 St. Helen'5 Place
London
EC3A 6AB
Management
Company.,
Harri50n Housing
46 St James's Gardens
London
W114RQ
Independent
Examlner.,
MHA
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS
Prlnclpal Banker:
H58C Bank plc
1-3 Blshopgate
London
EC2N 3AQ
5ollcltor:
Farrer & Co LLP
66 Lincoln's Inn Fields
London
WC2A 3LH
The Leèthersellers, Barnet Charlty I

Report of the Trustees
For the year ended 31 December 2024
The Trustees present thelr annual report and accounts of The Leather5ellers' Bainet Charlty for the year
ended 310ecember 2024. The accounts have been prepared in accordance with the accounting policies set
out on pages 9 to 11 of the attached accounts and comply wlth the Charity's trust deed, the Charitie5 Act
2011 and the Statement of Recommended Practice.. Accountlng and Reporting applicable to charitSes
preparing their accounts in accordance with the Financial Reporting Standard appllcable In the Unlted
Klngdom and Republic of Ireland IFRS 1021.
Stiucture• governance and management
The Leathersellers, Barnet Charlty is a reglstered Charity, number 247986, governed by a kheme approved
by the Charity Commlssitsn dated 25 Ivne 2CX)7.
The frustees are appointed by the Court of Assistants, the controlling body ol The Leather5ellers' Companv,
The Master and Second Warden of the Leathersellers, Company are EK Officio Tru5tee5 and are elected to
serve for one year commencing on or about the 19 July each year. The other Trustees are appointed for an
initial period of four year5 which can be extended as the Leathersellers. Company determines.
The current Trustees of the Charity are shown on page l.
Each trustee takes responsibility for monitoring the Charity's activities and consideration is given to the skills
mix of the Trustees to ensure that the Board of Trustees has all the llece5sary expertise required to
contribute fully to the Charity's operatlons and development. Periodic briefinss and courses are also
provided for Trustees.
No trustee received any remuneration from the Charity durirsg the year llorwere any out of pocket travelling
expenses reimbursed to the Trustees. No trustee had any beneficial interest in any contract with the Charity
the year.
Harrison Housing who themselves are an almshouse charity manage the Barnet properties on a day-to-day
basls.
Risk Management
The Trustees have revlewed the Risk Register which Seeks to identify the Significant risks to which the Charitv
is exposed. Areas considered include the daily operations of the Charlty, its investment5 and its finances.
The Trustees seek to mltigate identlfied rlsks by ensurlng controls exlst over the flnanclal svstems and safe
custody of the Charity's assets and Investments. The Trustees believe that by monitoring the reserves of the
Charity over the long term, the stability of the reserves provides assurance that they have established
effective rneans to rnitigate material risks.
Purpose. Oblectlves and actlvltles for tht publit benefit
The Charity's primary purpose, as pei its Scheme, 15 to provide, maintain and manage accommodation for
people who are In need and to provide lor the general well-being of the residents. The Trustees confirm that
they have consldered the Charity Commission's general guidance on public benefit when planning the
attivities of the Charity and believe that the Charlty's activitie5 provide a clear public benefit.
The Le3thersellers' Barnet Charlty 2

Report of the Trustees
For the year ended 31 December 2024
Achlevements durlng the year
The Charlty eontintJe5 to provide almshouse accommodation in Barnet comprising 22 flats, five of which can
accommodate couples with the other seventeen sultablè for single occupancy. The occupanry rate for the
year wa5 98.85%12023..97.6%1.
Investment income was comparable with the prior year desplte difficult market condltlons and iesldents,
Contributions Increased by almost 10%.
The resldenis at Leathersellers Close appear to be happy and are highly supportive of each other wlth the
Scheme Manager playing a crucial role in providin8 them with help and support over a range of matters
affectlng thelr daily live5.
Flnanclal Revlew
Total income for 2024 was E262,375 compared to the previous year when income from the same SOUTce5
totalled £240,193. Two flats were void in the year for a short period. The occupancy rate rernalned high at
98.85%.
Investment income for 2024 was £36,280, èn increase of £2,260 over the Income for 2023. The charity has
contlnued to enjoy good returns and the sale ol Investments of £40.OODwas late in the year, thus mlnlmlslng
the Impact on returns in the year.
Expendlture Increased by 27.21% year on year. There Is an element of cost inflation, particularly regarding
utility charges and labour-intensive service5 such as cleaning and grounds maintenance. Cyclical expenditure
comprised of fire door maintenance, Brounds works to the paths, carpet replacement, internal and external
decorations. totallin8 £92,360.
The surplus for the year on General Funds before tran5fefS wa5 £50,46112023'. £34,834). The Trustees
approved a transfer of £82,328 from the Extraordinary Repairs Fund12023.. £50.000 to the Extraordinary
Repairs Fund) leaving a surplu5 of £132.789 before an investment gain of £2,60712023.' gain of £3,390). The
net movement in General Funds for the year was a surplus of £135.39612023.' £11,776 deflcltl. The General
Fund stood at £315,23212023.. £179,8361 at the year end.
The Extraordinary Repalr Fund IERFI is held for future malor repalrs, both cyclital and capital, to the fabric
of the buildings and expenditure in year from this fund was £92,36012023.. £33,832). Additionally, Trustees
have approved a transfer of £82,328 from the ERF to the General Fund for the capital works completed i
the year (roof replacementsl. The value of the fund at the end of the year was £100,69612023.. £272.6311
after including the transfer from General Funds. There is no transfer from general reserves back into the
fund in 2024 as the fund is sufficient based on the busine55 plan, although future years, tran5fer5 3re
proposed.
The value gf the Permanent Endowrnent Fund started the year at £553,724 and grew by £13,410 due to the
performance of the investments. The year end fund was £567,134. Income from the fund is used for the
well-bein8 of the residents and the capStal of the Permanent Endowment must be held indefinitely by the
Charlty.
The Leather5eller5' Barnet Charity 3

Report of the Trustees
For the year ended 31 December 2024
Investment markets have experlenced volatility slnce the year end. Looking at the investments of the
Charity..
CCLA COIF Income Unit investments, invested globally, have seen a decline of 4.0% in unit price at
31st March 2025 compared with the year end valuation. This worsened to a 7.6% decline, compared
with the year end valuation, at 16th April 2025.
By contrast, M&G CharSfund Accumulation Unit investments, malnly Invested in UK markets. saw an
improvement of 4.1% to 31st March 2025 compared with the year end valuation. This fell to
decline of 0.2% at 16th Aprll 2025.
M&G CharSfund Income Unit investments, malnly invested in UK markets, saw an improvement of
3.1% to 31st March 2025 compared wilh the yearend valuation. This fell to a decline of l.l% at 16th
April 2025.
Reserves Policy of the Charlty
It is the policy of the Trustee5 to retain sufficient general reserves to allow lil the unhlndered Immediate
operations of the Charity in respect of it5 principal objects. lill the enhancement of common facllitles and
liill the refurbi5hfflent of the kitchens and bathrooms in the flats as vacancies permit.
The Trustees have examined the requirement for free reserves i.e. those unrestricted funds not Invested In
tangible fixed assets, designated for specific purposes or otherwise committed. The Tru5tee5 sonsider that.
given the nature of the Chèrlty's work, the level of free reserves should be equivalent to at least three
months, expenditure on charitable objectsat any one tlme. TheTrustees are of the oplnlon thatthls provides
sufficient flexiljility to cover temporary shortfa115 in Incomlng resources due to tlming dlfferences in income
flow5, adequate working capltal to cover core costs, and will allow the Charity to cope and respond to
unforeseen ernergencles whilst Specific action plans are Implemented. The actual level of free reserves is
£139.85112023.. E77,3281 which is more than the required reserves policy level.
Long term re5erve5 to fund malor repairs and refurbi5hrnent to the premises occupled by the Charity ère
held in the Extraordinary Repair Fund. This is shown a5 the Designated Fund on the Balance Sheet.
Investment Pollcv
There are no re5trirtions on the Charity's power5 to invest. The Trustee5 have set an investment strateÉv
consistent with specific requirements across the Funds held.
Quoted Investment5 totalled £759,50712023.. £774,062) at year end market value, allocated as £567,134
12023.. £553,724) in Permanent Endowment Funds, £100,6968 In Designated Funds12023.. £220,338) and
£91,676 in unrestricted12023.. NIII. 53% of fund5 are Invested in M&G Charifund Income units and M&G
Charifund Accumulation units and the rest in CCIA COIF funds.
Statement of fTUStee'5 responslbllltles
Charlty Law requires the Trtjstees to prepare accounts for each financial year which give a true and fair view
of the state of affair5 of the Charity and of the income and expenditu￿ of the Charity for that period. In
preparin8 accounts whlch give a true and fair view, the Trustees are required to..
select suitable accounting policies and then applythem consistentlv,.
make judgments and e5tlmate5 that are reasonable and prudent,.
The Leathersellers, Barnet Charity 4

Report of the Trustees
For the year ended 31 December 2024
state whether applicable accountlng standards and statements of recommended practice have been
followed, subject to any departure5 discloseij and explalned in the accounts,.
prepare the accounts on the goin8 concern basis unle$5 It is inappropriate to presume that the
Charity will continue operatlon.
The Trustees are responsible for keeping proper accountinE records whleh dlsclosewith reasonable aCCUTacy,
at any time, the financlal position of the Charity and which enable them to ensure that the accounts comply
with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charlty and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees have reviewed and updated thelr 10-year forecasts and remain satisfied that the forecasts
demonstrate the CharitWs ability to continue normal operations for the foreseeable future.
The Trustees have every reason to be confident that the Charity should continue to operate as a going
concern for the foreseeable future.
ned on behalf of the Trustees..
Trustee
Approved by the Trustees tsn 30 April 2025
The Leathersellers. Barnet Charlty 5

Independent examlnerfs report
Independent Examlnerfs Report to the Tru5tee5 of The Leathersellers, Barnet CharStv
I report to the trustees on my examlnalion of the accounts of the above charity for the year 31
December 2024 which are set out in pages 7 to 20.
Responslbllltles and l>asls of report
As the tharity's trusrees, you are responslble for the preparatlon of the accounts In accordance with
the requirements of the Charlties Act 20111.the Act-l.
I report in re5pett of my examlnatlon of the Trust's accounts carried out under section 145 01 the 2011
Act and in carrying out my examination, I have followed all the applicable Directions gwen by the
Charity Commi55ion under section 14515llbl of the Act.
Independent examlnerfs statement
Since the charities, gross income exceeded £250,OOOyour ex3mlnermu5t be a rnembey of a body Ilsted
in section 145 of the 2011 Act. I confirm that l am qualified to undertake the @xamination because I
am a member of the Institute of Chartered Accountants in England and Wale5, which is one of the
listed bodies.
I have completed my examlnatlon. I confirm that no materlal matters have come to my attentlon Sn
connection wlth the examination whlch glves me cause to believe that In, any materSal respect..
the accounting records were not kept in accordance with section 130 of the Charitles Act,. or
the accounts did not accord with the accounting records,. or
the accounts dld not comply with the applicable reqLJirements concerning the form and
content of account5 set out In the Chailtles IAccounts and Reportsl Regulations 2008 other
than any requirement that the accounts gSve a 'true and fairf view which Is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Rachel Doyle
MHA
MHA House
Charter Couit
Swansea Enterprise Park
Swansea
SA7 9FS
30 April 2025
The LeatherselleTS' Barnet Charity 6

Statement of Financlal Actlvltles
for the year to 31 December 2024
2024
2023
Unrestrlcted
funds
Designated
funds
Endowment
funds
Total
funds
Total
funds
Note
It)come and Ethd)fftents
Investment Incomè
36,280
226,095
36.280
226,095
34.020
206.173
Residents contributlon5
Total Income
261375
262,375
240,193
Expendlture
Expenditure on charitable
211,914
92.360
304,274
239,191
Total Expendlture
211.914
92,360
304,274
239,191
Net Intom¢ belo
transfer5
50.461
192,3601
141,8991
I,IYJ2
Transfer between funds
15
82,328
182,3281
Net inrome before IL05sII
Galtt on Inve5tmEnts
132,789
1174,6881
141,8991
I,OC12
et IL055llGain on
Investment assets
2,607
2,753
13,410
18,770
20,550
Net Movernent In F￿1￿15
135,396
1171,9351
13AIO
123,1291
21,551
Fund Balances
atihe start ol the year
179,836
272,631
553,724
1.006.191
984.639
Fund Balances
at the end of theyear
315,232
100,696
567.134
9B3,062
IW6,191
The notes on p88È5 9 to 18 form part Df these financial statement5.
The Leathersellers, Barnet Charity 7

Balance Sheet
as at 31 December 2024
2024
2023
Unrestricted
Funds
Designated
Funds
Endowment
Funds
Total
Funds
Totèl
Funds
Note
Flxed assets
Tangible f￿Xed assets
Investment poriftslio
at market value
175,381
175,381
lo2.￿8
91,676
100,696
567.134
759,507
774.062
267,057
IIJO,696
567.134
934,888
876.570
Current aSSÈls
Debtors
Investments
Cash at bank ar￿ In
hand
io
li
7,494
7A94
6.159
156,000
6J,816
61,816
16.912
69.310
69,310
179.071
Credltors: amounts
fallin8 due within one
year
12
21.135
21,135
49,450
Net current assets
48.175
48,175
129.622
Total assets les$ ¢urren¢
315,232
100,696
567.134
983,062
1.006.191
Represented by:
Funds and reserves
Permanent endowtnent
funds
15
567.134
7,134
553.724
Designated funds-
extraordinary repairs
100,696
100,696
272,631
Unrestrlcted Igenerall
funds
315,232
315,232
179,836
315,232
100,696
567.134
983,062
1.006,191
roved by the Trustee5 on 30 April 2025
Trustee
The notÈs on pages 9 to 18 form part ofthese financlal ststements.
The Leathersellerg Barnet Charlty

Notes to the accounts
for the year ended 31 December 2024
l Accountln8 Pollcles
The LeatherselleTS' Barnet Charity Is a Charity registered In England & Wales. number 247986, and is
governed by a Scheme approved by the Charity commission dated 25 June 2007.
Basls of A¢countln8
The accounts of the Charlty have been prepared on a going concern basis under the historical cost
convention. with the exception that investments are included at market value. The account5 have been
prepared in accordance wlth the Statement of Recommended Practice.. Accounting and Reportlng
applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard
IFRS1021 and applicable UKAccoullting Standards and the Charities Act 2011 and UKGenerallyAccepted
Practlce as it applies from I january 2015.
The financial Statements have been prepared to give a 'true and fairf view and have departed from the
Charities (Accounts and Report51 Regulations 2008 only to the extent required to provide a 'true and
fair view. This departure has involved followln8 the Accounting and Reportlng by Charltles.. Statement
of Recommended Practice applicable to charities preparlng their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5 1021 issued on 16 Julv
2014 rather than the Accounting and Reporting by Charities.. statement of Recommended Practice
effectlve from l April 2005 which has since been withdrawn.
The Charity meets the d&finition of a public entlty under FRS 102.
The financial statements afe presented in sterlin8 which is the functlonal currency of the Charity and
rounded to the nearest pound.
The flnancial 5tatetnents have been prepared on a golng concern basi5 as the Trustees belleve that no
material uncertaintie5 exist. The Trustees have etsnsidered the level ol funds held and the expected
level of income and expenditure for 12 month5 from authorising these flnancial statements. The
budgeted Income and expenditure 15 sufficlent with the level of reserves for the Charity to be able to
continue as a going concern.
Income and Endowments
All incoming resources are included in the Statement of Financlal Activltles ISOFAI when the Charity is
legally entitled to the income. Residents. contrlbutions Iwhich include Service charge income) are
accounted for in the period to which they relate.
Expenditure and the Basls of Apportloning Costs
All expendlture is accounted for on an accwals basls and has been clas5ifi.ed under headings that
ggregate all costs related to the category. Expenditure 15 recognised once there is a legal or
constructlve obligatlon to make payments to third parties, it is probable that the settlement will be
required and the amount of the obligation can be me3sured reliably.
Charltable e
enditure
Costs for the full year include the costs of refuiblshment. maintenanceand managementof the property
and costs relating to the general welfare of the residents. All expenditure is charged in the financial
year to which it relates.
The Leathersellers. 8arnet Charity 9

Notes to the accounts
for the year ended 31 December 2024
Support cost5
Support costs are those that assist the work of the Charity but do not dlrectly represent charitable
activities and include office costs, governance costs and administratlve costs. They are Incurred directlv
in support of expendlture on the objects of the Charity.
Tanglble flxed assets
A review lor impairrnent ol a fixed a55et 15 carrled out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value
of fixed as5et5 and thelr recoverable amounts are recognised a5 impairments. Impairment losses are
reco8nised in the Statement ol Financial Activities.
The surplus or deficit on di5P05al of lixed assets Is accounted for in the income and expenditure account
of the period in which the disposal occurs as the difference between the net Sale proceeds and the net
carrying value.
Depreciation
All assets over £5,000 are capita1ised. Depreciation is provlded on all tanglble flxed assets, at rate5
calculated to write off the cost, less estimated residual value. of each asset on a systematic basls over
it5 expected useful life. No depreclation is provided on f￿ehOld land.
Asset Llves
Kitchen
Bathroom
Boilers
Electrics
Security equipment
Car park Improvements
Roofs
Years
15
15
15
40
50
50
Inv•$tments
Fixed asset investrnent5 are a form of b35ic financial instruments and are initially recognised at their
transaction value and subsequently measured at fairvalue using the c1051ng quoted market price or the
share of the Net Asset Value of the fund Ilf unllstedl. All gains and105ses are taken to the Statement of
Financial Activities as they arise, The Statement ol Financial Activities includes the net gains and losses
arising on revaluations and disposals throughout the year. As investrnent5 are revalued to fair value
continuously, no reali5ed gains or losses arise.
Debtors and Credltors
Debtors are recognised when the Charity is legally entltled to the income after any performan
conditions have been met, the arnount can be measured reliably and It Is probable that the Income wlll
be recelved.
Credltor5 are recognlsed when the Charity ha5 a present legal or constructlve obllgatlon resultlng from
a past event and the settlement is expected to result in an outflow of economlc benefits.
The Leathersellers, Barnet Charity 10

Notes to the accounts
for the year ended 31 December 2024
Fund Accountlng
Restrictedfunds
Restricted funds comprise monies raised for, or their use restricted to a speclfic purpose Isee note 161.
Deslgnated funds
Designated funds comprise unrestricted funds that have been set aside by the Tru5tee5 for particular
purpose5. The aim and use of each designated fund is set out in the notes to the fSnaneial statements.
Endowment Funds
The majority of these are funds permanently endowed for the particular charitable oblectives set out In
the Trusteès, Report where the capital may not be spent.
General Fund
The general fund comprises unrestricted accumulated 5UTpIuses and deficits on continuin8 activlties. It
Is avallable for use at the discretion of the Trustees in furtherance of the Charity's objectives.
Financial Instruments
The Charlty tsnly holds ba51c flnancial It)strurnents. The flnanclal assets and flnanelal Ilabilitleg of the
Charity are as follows..
DebtOTS- trade and other debtors lincludlnE accrued ineomel are ba51c financlal Instrument5 and are
debt Instruments measurèd at amortlsed cost as detailed in Note 12. Prepayments are not finantial
instruments.
Cash at bank- is classlfied as è basic financial instrument and is measured at face value.
Liabllities- Trade creditors. accruals and other creditors will be classified as flnancial instruments and
are measured at arnortised cost as detsiled in Note 11. Deferred Income is not deemed to be a financial
liabillty as the cash settlement has already taken place and there Ss simply an obllgatlon to deliver
charitable services rather than cash or another financial Instrument.
2 Investment Income
2024
2021
Dlvidend5 from Endowment Funds
29,202
6,676
402
27,065
5.907
L048
Dividends from General Funds
Bank Oeposlt Interest
36,280
34.020
The Leèthersellers, Barnet Charity 11

Notes to the accounts
for thE year ended 31 December 2024
3 E¥pendlture on Charltable actlvltles
2024
2023
Direct Expenditure
Repalrs & malntenance (note 41
CleaninÉ
Upkeep of Garden5
Li8hting and Heatlns
Water rates and Council tax
57.485
2,494
30,984
32,470
3,311
4,782
I,TrJi
57,552
3,701
31,255
24,127
3,683
4,203
Insurance
Telephone & Computer Costs
Gifts to resSdÈnts
1,122
4,665
1,622
13,007
59,326
Re5Ident5 Welfare
4,710
1,346
9A55
63,876
Carellne Emergency Service
Depreciation
Support tost$ (note 51
211,914
205.359
Cyclical repalrs IDesl8nated Fundsl
92,J60
33,832
Total Expendltule all funds
304,274
239.191
4 RepaSrs
2024
2023
Flat refurblshments and access
Boller & Heatln8 overhaul & repair
Water hygiene works
Fire alami, extin8uishers & doors
Electrical testirsE Ind repairs
Dayto day rep4lrs
Pest Control
11,638
14,065
996
4.553
11.310
3.462
214
241
9.789
19,592
1,164
57,485
15,091
22,Q76
I,D56
57,762
S Support Costs
2024
2023
Managernenl Fee
Independent Examiner's Fee
Other expendlture
58,900
3,818
1,158
54,448
3.652
1,226
63.876
59.326
The Leathersellers, Bamet Charrty 12

Notes to the accounts
for the year ended 31 December 2024
6 Tru5tees' and Key Management Personnel Remuneratlon and Expenses
The Trustees, who comprise all the Key Management Personnel of the Charity, neither recelved nor
waived any remuneration during the year 202412023.. £nill. rhe Trustees did not have any expenses
reimbursed during the year12024.. £nill. Harrison Hou5inE were employed by the Trustees to act as the
Managing Agent for the charity and are responsible for dèy-to-day administration.
7 Employees
There were no employee5 in 202412023.. NIII.
8 Tangible Flxed Assels
Freehold Land and Buildin
The charity owns freehold land and bulldings, being its almshouse properties in Barnet.
The land and building5 were originally held in trust in perpetuity by the Leather5ellers' Company for uso
of the poor under a Declaratlon ol Trust dated 22 April 1846. The Detlaratlon was Incorporated into
the Charity Commission's scheme of 1984, The Oeclaratltsn ol Trust was for land purchased by the
Leathersellers, Company in 1603 for £100 and for buildin8s erected thereon in 1838 at a cost of E3.274.
Part of the property was r&built in the 19605. The trustees have assumed that the bullding5 have been
fully depreciated and consequently neltherthe land nor the buildings has been included in the accounts
on the grounds ol materiality. The custodlaD5hlp of the property was transferred to the charlty in 2007.
Building Improvements
Cost
At l January 2024
Additions durln8 the year
Disposal during the year
At 31 December 2024
135.809
82.328
218,137
At l January 2024
Cha￿e for the year
Dispos31
At 31 De£ernber 2024
33,301
9.455
42,756
At 31 December 2024
175,381
At 31 December 2023
102,508
The Leathersellers, Barnet Charity 13

Notes to the accounts
for the year ended 31 December 2024
9 In¥estm•nts
2024
2023
Unirs
Cost
ElldOwm￿tS
&G Charifund
come U
Grasvenor Trust
The Leathersellers, Barnet Charltie5
formerly Coverley and 8uncel
The Leathersellers. Barnet Charftiès
Iformerly Buncel
The Leathersellers. Benevolent Fund
The Leathersellers. Benevolent Fund
The Ann Elllott and Others Tru#
23.05
339
331
507.95
8,502
7,479
7,289
BB.77
1.486
1.307
1,274
1,746.37
971,10
14,716.LlO
18,053,24
29.232
JO.4J9
235,858
285,883
25,713
14,298
216,679
265.817
25.060
13,935
211,173
259.062
CLA COIF
Leather5eller5' 83met Charity 8enevolent & Others
Fund
The Leathersellers. Barnet Charlty Ann Elliott
2,747.50
51,054
55,756
54,524
12.100.80
14,848.30
224,853
215,907
245,562
301,518
240.136
294.660
General and 0o$6Bnatod Fund$
M&G Charlfund Accumulation Units
The Leatherseller5' Birnet Charity
251.53
251.53
29,983
44,832
82,245
82,245
112,817
112,815
M&G Charlftjnd Income Unlts
The Leathersellers. Barnet Charlty
3,514.36
3,514.36
57,834
57,834
51,745
51,745
50,431
50.431
CCLA CO
Leatherseller5' Barnet Charity General
2,876.92
2,876,92
53,175
53,775
58,382
58,382
57,092
57,092
Total at end of year
715,231
759,507
774,062
Movement on Investments
Valuatlon atthe start of the Year
Addltlonal Investment IRestrictÈd fund)
CCLA COIF
774,062
6,675
584,190
5,907
329,682
919,779
1166,2661
780.737
140,0005
Sale of investments
Realised and Unrea1ised ILossesllGalns on
investments
IB,770
20,549
Valuatlon at the end of the year
759,507
774,Q62
The Leathersellers, Barnet Charity 14

Notes to the accounts
for the year ended 31 De￿mber 2024
The reserves policy and allocatiorn of investment funds is èxplained on page 4 of the Trustees, Report.
Further details are provided In note 15 to the account5 on pages 16 and 17.
10 Oebtors
2024
2023
Trade debtors
Prepayments
Other debtor5
3.704
J.790
2,115
3,619
425
7,494
6,159
11 Current Asset Investments
2024
2023
Short Term Bank Deposits
156.000
12 Credltors: amounts falllng due within one year
2024
2023
Trade creditors
10.987
2,110
8,038
21,138
16.564
1,620
31,266
49,450
Resident ac£ount5 in credit
A¢crua15
13 Contlngent Llabllltles
Thèie are no known contingent liabillties as at 31 December 202412023.. £nill.
14 Related Party Transartions
The Trustees of the Charity are all appointed, ex officio or as nomSnatlve Trustees by the Leathersellers,
Company.
There were no transactions dlrectly with the leather5ellers' Companyijuring eilheryear and there were
no balance5 Outstanding at either year end with the Leathersellers, Company.
There have been no related party transactlons in either reporting period.
The Leathersellers, Barnet Charity 15

FY r
r4
w w

r*
co
rs r
J m
wu ty

Notes to the accounts
for the year ended 31 December 2024
15 Funds Rètontlllatlon Icontlnuedl
Extraordlnary Repalr Fund
The Trustees rnaintaln an Extraordinary Repair Fund as required under the Trust Deed for the
extraordlnary repalr, cyclical repairs, improvement or rebuilding of the homes and the Dther propertv
of the Charity. The Trustees keep the size of the fund under revlew In the Ilght of the demands whlch
may be made upon the fund. Durlng the year ended 31 December 2024 £82.328 was transferred to the
General Fund for the capltal expenditure In year12023.. £50,000 from the General Fundl. This is to
present appropriate fund balances in line with the future forecast to 2034. Cyclical Repalrs tosrlng
£92,36012023.. £33,832) carrled out during the year were chargeable to the Extraordinary Repair Fund.
Endowment Funds
Income from the following permanent endowments are able to be used by the Charity in pursuance of
its general charltable objectives. Unrealised gains or losses on the value of the endowments are retained
in the relevant f￿nd.
In luSy 1984 the Charity Commission approved the transfer tts the Leathersellers, Barnet Charities
of one sixth of the permanent endowment and accurnulated income of the C J Coverley Trust
amounting to £1,397.
In April 1990 thè Commlssion approved the transfer of £4,713 from the capital and accumulated
income of the Charity of james 8un£e, Under the same Scheme £1,211 of the capital 8nd
accumulated income of the Charlty for the benefit of the churchwardens ol Otterden was
transferred and the related Sncome Is now paid to the Leathersellers Barnet Charities,
In May 2004 a transfer of Investments representing the Endowments ar5d accumulated General
Funds of the Leathersellers, Company Benevolent Fund (Charity Registration Number 2479871 at
values of £63,016 and £26.789 respectively were made to the Leathersellers, Barnet Charitles
under the Charity Commission agreement of 25 March 2004.
Iv.
In December2006 atransfer of investments representin8 35% ofthe endowments ofthe Ann Elliott
and Others Trust (Charity Registratlon Number 2558841 ai a value of £471,619 was made under a
charity Commission Scheme dated 6 November 2006.
Llnked Charltles
The Leathersellers, Barnet Charity ha5 the following linked charitles..
Anne Elliot
Barnet Almshouses
Elizabeth Grasvenor (Otherwise Gravenerl
James 8unce for Almspeople
John Sudbury
Nissen Trust
16 Post Balance Sheet Èvent$
Since the balance sheet dale, the charit¥l5 investment portfolio has reduced in value by approximatelv
£30,990, following the global market volatility in early 2025.
The Leathersellers, Barnet Charity 18