Ch•rity nUrnb•r 350D30 THE LESLIE SMrrH FOUNDATION UNAUDITED TRUSTEF_£' RFPORT AND FINANCIAL STATEMEfvtrs FOR THE YEAR ENDED 5 APRIL 2024 THE LESUE SMifH FOUNDAIION CONTENTS Paue R8l•rqnc• and Admlnlstr•tlv• D•tai15 of Ihe Foundllloty Its Trusle•s and Advi59rs TrusteES" Report Ind•p•nd•nt Ex•mln•es R•porl Stat•rn•nt •1 Flrt•m¢l#l ActlvMIc= Balane• Sh••t Not•s ¢0 th• Flnan¢lal Slat•rnent8 8-17 THE LESUE SMITH FOUNDATION REFERENCE AND ADMINIStRATIVE DEr￿Ls DFTHE FOUNDATION. rrs TrU5TEES ANO AOVISERS FDR THE YEAR ENDED S APRIL 2OZ4 D Thshgr AER Hayles CAR Hayles EOR HAylÉ4 MLR Hayles Chirlly reglst•r•d numb•r 250030 Prln¢lpal •fflc• Uhit & Hill Farm Klrby Road Klrby 8e¢Jon Norwich Norlolk NR14 7DU DW Audil Ltd Charl•r•d Accounlants Berry S Warren 54 Thorpè Road Norwich NRI IRY Page I THE LE5UE SMITH FOUNDATION TRUSTEES. REPORT FOR THEYEAR ENDED S APRIL 2024 ThE Trusteps present their annual reporl together with Ihe linancial slatements ol the FoundaliDn lor the year 6 April 2023 10 5 April 2024. The Trustee5 have adopted the provislons ol Accountlng and Repurting by Ch4ritie$', Stalernenl ol Recommtrnded Practice applicablÈ Its eharities preparing their accounts in accordanc4 with th¢ Flnancial Reporting Standard applicable in the UK and Rèpublic of Ireland IFRS 1021 lelleclive l January 20191. Obl•cliv•s Ind 4¢tlvltl*s Pvll¢lo$ arbd •bl•ctlv•• Tho FoundaliDn is a grant making body and has Ihe widest ol charitable objec15. Th? Trustees have rovlewed Ihelr obl@tl_4 and. Wilhniit siirr•ndoring th•lr discrgtlon. h•v• •9r••d to IocuB m¥tnly •M' Ehildron in thc UK with lo changing illnesS?s,' orphans.. educatlan and special n••ds schools based in the UK- social deprivation,. the ¢h•ll*n9•¥ ¢1 rllrnate chang• pi¥l¥Llliiy Ili¥ ¥nYirDnrn*nt •nd r•CIpl•n￿ of pr•vlous yranis. In jetting obltclSves and planning lor èctlvltle5. the Tru$tt•$ hav• glv•n du• conildirallDn tg 9gn•ral uuldanrg ptih154h•d by th• Charfty Comrnli•l•n r•l*llng tv public b•n•fil. Ineludlng th• guld•n¢•'Publlc ben•llt.' runnlni • charlty IPB21'. A Ir(*m su¢Gessful 4pylSi0111> Iv hv¢y Ilie Tiu¥lres UV￿•jIt1j Ihe ¢lfeciivè use ol those lunds usu4IIyi this is dorbe by re¢el¥Sng • newsl•lt•r or slmilar. Grants durin9 Ihe year amountqd lo £201,000 12023- £4015LX)J, Flnanclal r•vlèw Going concern Aiier maklny approprlait •nqulrles Ihe Trusiees have a reasonable eXpe￿all0￿ Ihat th? Foundation has adequale res¢urtès lo continue in opèrational existence lor the foreseeable future. For this reason, they conlinue lo adopt the going concern b3515 in preparing Ihe linancial slalem¢nl$. Further details regarding the •doptian ol th• gtting eonc•rn basis can b• found in lh• a¢¢•uDtln9 ppIi¢i•& b. R•5vrve5 poIIEy Thè unreslricled lund5 01 the Foundation at 5 April 2026 were £3,205,075 (2023 £3.356.3721. The restricted fun¢JS OT th¢ Founoaiion at 5 Apnl 20214 were kl,06J 13023- £8201. Allh¢ugh thè Irusteès are able lo apply the investments as il Ihey wore intome. they airn to distribute at least the income each ygèr aThd relain An appropriate Itvpl ol the inve51rnenls to fund future grants Page 2 ThE LE5UE SMTh FOUNDAnoN TRUSTEES. REPORT ICONllNUEOI FOFI THE YEAR ENDED S APRIL 21124 c. lnvpslments pollcy Th• Trusl••g hav• wlde powers of inve$tm¢rtl vested in Ihem by IheTrust Deed. Thq oblectlve fur the porirollo managed by ciiy A55¢1 MaDag•ment Vic (CAMI, Is lor long t•mi growl￿ Th? Inveslmenl objeclive is lo produce rtlurn5 in excess ol a benchrnark of the UK Consumer Price5 Index ICPII plus three percent per annum, o¥•r an inveslment ¢yElt. The portfolio is constructèd using a range ol a55Pt tl•i8A* In fJrd•r lrt •n*itrn11 if adoqiialely div•r5ih•d. d. PrlThclpal fundln9 and Ilnand•l r•¥l•w Th8 TrustF•s arq ablg to apply any or all ol Ihg upital ol lh• fvnd a$ 1111 wer? Income, and d•¢ld• ••¢h y•ar whelher to •x•r¢l¥• thlg pow•r. Th• nel oul9olng r•scurc•s lor thp year was £151,054 {2023. £774,7431 aller a Ios$ on Investrnents ol £Z5.598 12023 E420.533 105sI. Th15 loss 15 a r¢llecllon ol the oeneral valatili*y In Ihp glnhal mArkpl4 durlr*g th• p•riad. Since Ihg year ond thère has beerb a full recov•ry In the valu• ol inv•slm•nts. Slrvcture. gov•rnanc• ind m•n•g•m•nl CqnJ151ullpn The LeslSe Smllh Foundaiiun Is a regislernd charfly. number 250030, and 1$ consliluted under a Tru51 Oe•d dhted 10 Novembèr 1964. Th• Feundalicn was eslablished by an Inlllal 9111 from Leslle Hertjert Allred Smilh. Mernber5 of the Srnlth farnily conllnu? lo be Involved wllh th• running of Ihe Fovndaliofi. The Foundation does not aclivgly lunlrai$g and seek5 lo continug th? philanthropic work desired by L H A SnNth through car•fvl stewardshlp 01115 exlslln9 resources. b. M•thods of ippolThlrn•ni or •leciioTh oiTrusiees Tht managernÈnl ol Ihe Foundatlon Is the responsibility of Ih? Trusl••s who ar• elected and to-opled under lh• lorni= the Trupt Oeed. M•w tru$lg•$ ar• appolnt•d by Ihg gxlsting Truslfes. Th•r• is no minimum number of trustees set out In the Tru51 Deed. The Trustees keep the skill requirements of trustees under re¥i¢w. New trustgos arè encouraged lo allend leclures or 5eminar5 intended lo ensur? Ihat charity Irustees mèinlain th• n•¢•$s•ry skills lo ¢ontinue th• phil•nthropic work b•gun by L H A Smith. L Organlsallonal slruclur• and d•¢lslDn-rnaklng poildes The Trustees keep in conlacl by email during the course of Ihe year and aim to meet at least once a year lo CDnsidpr and agrEE the broad strategy and areas of aclivily for the Fovndaiion, including consideration of grant makiny, investmenl. reserves and risk management policies and performance. The day to day adrnini5tralion ol yrants and Ihe proce55ing and handling ol applications prior to con5ideraliDn of the Trustees is delegated lo the dmini51ratDr. Page 3 THE LESLIE 5MtTH FQUNDAIION TRUSTEEY REPORT ICONTtNVEDI FOR THE YEAR ENDED 5 APRIL 2024 SINcture, govprThance and manayement {CDnllnuedl R•lated party relatlon5hl Mrs U Plsher, a InJst•e, Is a Principal Member of FisherLegal LLP, a fi.rni 01 SOllCllur5 Whirh raise5 Invgices lo the Foundation for Legal and administrativ? services r•ndèrèd. Payment ol these invoices is authoris•d by th• other Trustee5. No tru5tee5' expen5?s haye bttn reimburs¢d during the year. Rlsk manig•minl Thg Tru5l•os havq asso$s•d lh• m•jor rigks lo whith *h• FouThdalidn tg •xpos•d. in particutar thoGo rotot•d lo th• oporalioTh$ and linance5 01 the Foundatlon. and are sali51ied that sy51ems and procfrdur•s ar• in plae• to rrilligdlw vxyvsur¥ lu Iliv>¥ i15k￿ ni¥ Ti ublvv¥ LvliSl￿VI ili¥i ¥ 10 bv iio sJyidflLdiil dl edy vl Sl•t•m•nl of Trust••i' r•sponslbllltS• Th• Truslets are r?sponsible for pr?parin9 thp Trust8¢$' Report and th¢ fiDanclal $talem•nls In accordance wlth applicable law and United Kingdom Accountlng Standards (United Klngdorn Gentrally Accepted Acc¢unllng Praclic•l. The law applScable to charities in England & Wol•s rtguires lh• Trusl•B5 ID propare finan¢lal slatemenls lor each 1Snanclal whlch glvo a true and lasr view of the slale DI allalrs ol the Foundallon and ol Ils Incornlng r•sourc•s and application ol r¢sources. including ils inrom? and expenditure. lor Ihat p•rlod. ln pr•p•rfng Ih•s• tlnl Thr511 $lhti*meThls, the Trusleeg are required to.. 5qlect suitable accounting policies and Ihen apply them coThs1stenlly, abserve Ihe methods and prlnciple5 01 the Charitie5 SORP IFRS102): make judgmenli and oG¢ovnting ¢Jlimot¢J Ihot •r¢ r¢a*•••bl¢ •nd prud•ntr, stale whEthBr applicable UK Accounling Standards IFRS 1021 have been lollowed. subl•et to any mal¢rlal departures dt5c105ed and explaln•d in ibe linancial slaiemeThls,' prepare thè linanclal slalements on Ihe uoinq concern basis unle55 il Is inapproprialg lo pr•sum? that Ihe Foundallon wlll conilnu• In busln•ss. Th? Tru5tpes are responsible lor keeping adequale accounting recor¢J5 thal are 5uflicienl lo show and explasn Ihe Foundèlion's transactSons and d55close with reasonable accuraey at any lime the linancial position of the Foundation and ènable them lo ensure that the financial statements comply with the Charities Act 2011, the Chèrily (Accounls and Reporlsl Regulations 2008 and the provisions ol the Trust Deed. They ar¢ also responsible for safeguarding lh• assets of the Foundation and hence lor lakiny reasonable steps lor the prevgnlion and detection oi fraud and Oihqr Irregularitles Approved by order ol the Trustees and signed on Iheir bèhall by. D Fisher Page 4 THE LESUE SMrtH FOUNDAnoN INDEPENOENT EXAMINEWS REPORT FOR THE YEAR ENDEO 5 APRIL 202 Independent ExaminePs Reporl lo the Trusiees of The Leslie Smith Foundation Cthe FDundation I report lo the charityTrustees on my examination of Ihe accounts of Ihe Fotsndalion for the year ended S April 2024. R•sponslblllll•s and Ba81s ol R•port A5 the Truslees of the Foundalion you are responsible lor the preparation of the accounts in accDrdancE wlth Ihe requirements of Ihè Charities Acl 2011 Cthe 2011 Aclj. I report In re5pecl ol my examlnation ol the FouThdaliDn's account5 carrled out under 5ecllon 145 Df the 2011 Act and in carrying out my exarninalion I have followed the applicable DireclioThs given by the Charily Comrni5SlOn under section 1451511bl of Ihe 2011 Act. Indop•ndent Exarnln•e* Sial¢menl I have Compltled my •xamlnalion. I confirm Ihal no mallors hav• com• to my att•nlion In conn•cllon wllh th• examlnation giving me cause to believe thal in any material respect.. accountlng records were not kepl in respect of Ihe Foundation as requlred by sectlon 130 of the 2011 Acl.. or the accounts do nol accord wSlh those records.. or Ihp accounts do not Cornply wilh Ihe applitable requirernents coftcernlng the lorrn and content ol accounts spt out in Ihe Charities (Accounts and Reporisl Regvlalions 2008 olher Ihan any requirernenl that the actounls glv• a Irut and fal￿ vitw which is not a rnattèr considerod as part ol an Snd•pendÉnl examinatlon. I hav• no conc•rThs and hav• c•m• across no •th•r matt•rs In conn•ctlon wlth th• •x•mlnallon to whlch attention should be drawn in Ihls report in order lo enable a proper underslandlng of the accounts to be reached. Thi$ report Is mèd• sol•ly lo lh• Foundation's Truslees, as a body, ¢n accordan¢• with Parl & ol th• Charitiès IA¢counls and Reporis) Regulalivns 2008. My work has been underlaken $0 that I might slate to th• Foundation's Trustees those rnallers l am required to slate lo Ihem in an Independent Exarninerfs Report and for no other purpose. To the fullest extent perrnitted by law. I do not accept or assume re5ponsibilily lo anyone other than Ihe Foundallon and the Foundation's Truslees as a body. lor my work or for thls reporl. Slgned.. Joanne Fox BA FCA Daled.. 4 February 2025 BW Audlt Ltd Chartered At¢ouThlants N¢rwi¢h Page 5 THE LESLIE SMITH FOUNDATION STA7EMENf OF FINANCIAL ACTNMES FOR THE YEAR ENDED 5 APRIL 2024 Unr¢slri¢l¢d lunds 2024 Reslrlcled lunds 2024 Tolal funds 2024 Toiol funds 2023 Nol• Incomo Iro InVc￿trncnIS 111,805 1.24J 113.048 95,269 Tolll In¢om• 111,805 1.243 113.048 95.269 Exp•ndltur• or& Rai51ng lund5 ¢harlt•ll• •ctlvitl•s 14137 221217 15.237 223.267 24741 42¢738 1.000 Tolil •xp•ndllur• 237,504 1.000 238.SO& 449,479 N•t l•xp•trdlltrr•JMntom• bAlorp n•1 loss•s on Inv•slrnents Net105ses on Investments 025.699) (25.S98} 243 025A561 (25,5981 1354,2101 1420.5331 N•t mov•m•nt In f¢Jndo osl2￿> 243 051.0541 1774.7431 R•¢on¢lll•llon of lundx TAi#l flind* hrnijghl fThrwarrf N•1 mov•rnenl In lunds J.356.372 051,2￿) 120 3,357,1112 051,054) 4.131935 1774.7431 243 Total lunds ¢arrled Igrward 3.205,075 1.063 3,206,138 3.357.192 The Slatement Oi fin•ne5ol Aetivllles lthdud¢J oll geiTri aTrd 103se¥ r¢¢o9nls•d In th• year. The notes on pa9es 8 to 17 form parl ot Ih•s• Ilnanclal stalernents. Page 6 THE LESUE Smmi FOUNDAllON BAL4NCE SHEET AS AT 5 APRIL 2024 2024 2023 Note rix•d 3sg•ls Inveslm•n15 2.111,&74 3,047.787 1911,674 3.047.787 ¢urr•nt a55011 nahlnr 10 3.231 215,414 3.231 344316 Cash al bank and In hand 298.725 3419.547 Crpdilors.. 4moyAl¢ f•lling duo within on• year {4.26 14Q1421 N•1 eurr•nl •i••li 294,411 309.405 Tolll n•t ass•¢i 3.206.138 3,357,192 Charlty lund5 Re51ricled fund5 12 12 l.U63 3.205,075 820 Unrestricted funds 3.356.372 T•lil lundi 3.206.138 3.357,192 The linèncial slalement6 w•re approv*d •Ad •ulh¢ris•d lor issue by IheTnJslees arbd signed on Iheir b¢holl by.. D Flsh•T Dat•: Tho AolÈs on pauos B ltt l? form part of IhÈsÈ financi31 glatempntq Page 7 THE LESUE SMITH FOUNDATION NOTES TO ThE ANANCIAL ￿ATEmENTs FOR THE YEAR ENDED 5 APRIL 2024 Genernl Inlormallon ThB Leslle Srnllh Faundation is • Charity registered in England and Wal2¥ (Chirily no. 2500301. The prlncipll address is FishrrLeyal LLP, Unit 4 Hill Fann, Klrby Road. ￿rbY 8edon, NortolK NR14 7DU. Ac¢Dunling pollcles 2.1 B•sls ol prepar4t5on ol Ilttanclal stJttm•thls The Ilf>anclal statements have been prepared In a¢¢ordance wllh lh• Charitie5 SORP (FRS 1021 Accounting and Reporting by Charities.. Slalement ol RecommEnded Practice applicable to charilies preparino Iheir accounts in accordancq wlth the FinaThelal R•pnrling Siandard applie•bl4 ITr tho UK and RÈpublic ol Ireland IFRS 1021 lellective l January 20191. the Financial Reporting Standard applicabl• In th• UK and Republ1¢ of Ir•lar*d IFRS 102) ond th• Chorfll•s Art ZOII. Yh• Ilnanclal 51aiemonis have been pr•pared lo give a 'lnJ• and tairt vlew and have dtparted from thq Charltles (Accovnls and Reports) Regulations 200B only to the Qxlenl requlred lo provlde a'lru• nd fal￿ vlew. Thls departure has Irs¥Dlved loll(&wing the Charitie$ SORP IFR5 102) published in Octobèr 2019 ralh•r thar* Ihg Account*n9 •rtd k•porting by ¢hJritips: 5tatomont ol A¢¢omm#nded Pr4CtSc• oll•ellve from l April 2005 which has Since been wllhdrawn. The LÈ511e Smllh Foundallon m••ts th• dèfinilion ol a public bgnefll Inlity und•r FRS102. A55els and liabilities are initially reco9ni$?d at hl$toric41 Cost or tran￿¢tIon value unless otherwise slalod In the relevant accounling poIScy. 12 Golng ¢on¢•rn Th• Trusiees have reviewed Ihe level ol Investments held at the year end along51dg mDYèmènt$ In vJlu¢ sinc• the year end and eonsidered the level ol anticipat•d grants. Basèd on thls, they hav• a reasonable èxpectation that the Foundation can meet ils fiabllllSes as they lall due and h•vo Ihorolor• pr•p•r•d thp ¥ccour•ls on a g•l*y ¢oncorTh basis 22 Incom• All Income 55 recognlsed once the Foundalion has entill•rn•nt to tho Incomt. 11 is probable that Iho income will be received and the amounl of incom• r•c•ivab14 can be measur•d reliably. lThv¢stm•nl income is in¢ludod when recelvable. 14 Exp•ndllur• Expendilure iy re¢oyni5ed on an accruab basis once Ihere Is a legal or conslructive obligation to Irantrlor o¢pnorni¢ benefil tg • Ihird porly. il 13 prob•ble Ihai a tr6n5fef of eco¢ioiiiic b¥llvfit> wlll requlred in 5eltlemenl and the amount ol the obligation can be measured re￿ably. Expenditure is classified by activity. The costs ot each activity are made up ol Iho lolal ol dir¢cl costs and 5hèred osls. including supporl costs involved in undertakiny eath activily. Direct cos15 attributable lo a single activity are allocated directly to Ihal aciivity. Support costs which are not attributable to a singlo activity ar• apporlioThed between Iho*e activities on • bè¥is ¢on#iJlcnt Yrfilh Ihe uje of resources. Page THE LESUE SMITH FOUNDA￿0￿1 NOTESTO THE FINANCIAL STATEMEKts FOR THE YEAR ENOED S APRIL 2024 Accountlnu paliei•i leanllnu•d) 1.4 Exp?ndltur* l¢oDtinu•dl Expenditur• on raislny lunds Includ•s all eypenditure Incurred by Ihe Foundalion lo ra19e lunds for Ils charitable purpos•s and Inrlud•s inv•strnenl manager fees. ExperidilurE Eharllablr aciivllles Is Incurred on dlreciiy untlenakiny th? activitle$ whSch lurther the Founda¢lon's oble¢lSv•s. as well as any a550clated support costs. Grants p4yablo are charood in lh• y•xr whr&n Ihg aller is m•dg •xcgPt irb tho$• e•s•s wh•r4 Iho ullcr Is Eondilional, such grants bèing recognised as •xpendilure when the condition5 attaching are lullillqd. Crant¥ ofl•rtd subj•¢t t• ¢•Trditions whith hè¥* iiul b¥vri rii¥l dl lh* yvar ond are noted as a commllm?nt. bul no¢ ac¢ru•6 as •xpenditure. All expendlturg Is in¢luslv• •1 Irrecoverabl• VAT. 2.0 Inv•slM•Dts Flxed assei Inve51rneThis ar• a form 91 Ilnanciai Inslrument and ar4 Initlally recognised at thèir Iransacllon cost and subsequgnlly m•asured al fair valu• al the Balance Sheet dale, unlÈs$ th• v4lue cannot b8 m•astsrod rellably in whlch case 11 Is measured al cost less impairmenl. Investment galns and 10$5e5. whether realisod or unreaused, ar• umbln•d and pr•sgnl•d 46 'GaSn51lLo$s•$l on Inv•stm¢nts' in th• Stalemen¢ ol Nnanclal Actlvitlo$. 2.6 D•btorg Other debtors are r•cognls•d at Iht 5ttiitm•nt arnounL 2.7 ¢a*h Il bank •nd In hand Cash ai bank and In hand Incluo•s tash and shofl-1•rn) highly 114uid Invtstmenls with a short maturity ol three months or le55 from Ihe date ol atquisilion or opgning ol the dèposit or slmilar account. 18 Llabllltl•s and provlslon Liabilities are recognised when Ihere is an obliyatiun al the Balance She?1 dale as a rèsult ol a past gv•nl. It Is proboble thal a transfer ol economic benelit will be required in 5eltlement. and the amount ol the selllemenl can b@ Èstrrnalpd r•liahly. Llabililies are recognised at the amount thal the Foundalion antl¢lpale$ It wlll pay to 5ellle the debt or the amounl it has roceivtd as advanced paym•nts lor the goDds or Se￿1£¢$ il musl provide. 2.9 FJnand41 Inslrum•nts Thc Foundation only has linan¢i81 asJel3 Bnd financiBI liDbilili¢¥ of • kind Ihal qualify as b*J>iL 1Snanclal in5trument5. Basic linancial Instruments are inllially recogThised at transaction value and suDsequenlly measured at Iheir seltlemenl value. Page 9 THE LESUE SMTh FOUNDATrON NOTES TO THE FtNANCtAL STATEMEiirs FOR THE YEAR ENDED S APRIL 21J24 A¢evuhllny poU¢l•s {¢tyhtln¥•dl 2.10 Fund a¢countln9 General lunds ar• tsnr85tricted lunds which are avallablv lor us• al the discrotlon ol th• Trustees In luriheranEe of the yeneral objectives of Ihe FouThd4tion and which have not been deslgN•l*d for other psjrposes. Reslrlclod funds are funds whlch are lo be used in accordance wlth specific reslrictlons Impo$gd by donors or whlch havè been raised by the Foundatlon for particular purp05es. The alm and use ol aeh roglrielpd hind is $•t ovl ID th• not•¥ to tho fiTharthelal •t•¢•m•nl•. Inv•stminl Incom• Unr•strlct•d lunds 2024 1•sirlct•d lunds 2024 Tolal Toro1 runds 2G23 2024 Income Irorn Ilsled Investments Olh•r bank Incom• Rtryalty Income 111.Z05 600 111.205 600 I,Z43 93,872 125 l.L4J 1,373 111.805 1.243 113,048 9S.269 Toto12023 93.996 1273 98169 Page10 THE LESUE SMrrH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Ihv•stmeht rnaThagement tasls Unre51rlcted fvnds 2024 Total funds 2024 Totol fvnd5 Z023 In¥e$tm•nt rnanagemlnl f••s 15.237 15,237 20.741 Tora12023 20.741 20.741 Anèly¥l> ul 9r•nl• GraNl• t• T•l•l fvnds 20Z4 Totol funds 2023 2024 Granl 20T.DQO zoi.ooo 4Ui,&UU Yot•12933 4Qi.500 Page 11 THE LE5UE SMrrH FOUNDAIION NOTE5TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis ot grants Iconlinu•dl The total grants paid to inslilulivns during thè y•ar was a$ follows= 2024 2023 Can¢•r R•5•arch UK Chlldr¢n's Hosplce South West Choose Love- Gaza Appèal hoos• Love- Turkey I Syrla Eirthquake Appeal Dartmcor Pr¢g¢rvallon A3ao¢io¢l•n Dtvon Alr Ambulance Tru¥t D•vDn Wildlife Trust Fair From• Frome Town Unlled Foolball Club- U15 Falcons Go Beyond Grtat Orrnond Strèet Hospltal Chlldrgn's Charity Gwenl Wlldlil• Trust H•len & D¢uglas House Home-slart Norfolk Kldnèy Research UK Lucy Alr Ambulanc• lor Children Mdk¢vd-Wi¥h Joo 750 ID.000 40.000 160.C LJ,C¥ 10,000 20.000 10.OOU 20,ODO 20,000 20.000 soo 75Q 20.000 Mary Har8 Foundatlon Priv￿5 Covrt Foundation Surfers Against Sewage The Charlle Wallor Foundalion Th@ Hoalon-Ellls Trusi The Shakespeare Globe Trnst The Trus5811 Trust We Hear You 10,000 10,000 10.000 20.CX]O 14,OlXI 201,000 401500 Page12 THE LESLIE SMITH FOUNDATION NOTESTO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 5 APRIL 2024 Analy515 of grants l¢onllnu•dl Th¢ grants paid ean b• analysed as follows.. 2024 2023 Educoiion Gpneral Wtllaro Hfrallh W•llarè 40,000 60,000 80.500 20,50D 125, 181L 45,CQO 201.000 401.500 Analy$ls of •xp•ndlturè by i¢tlvltles r•nl fvndln9 01 •dlvltles Z024 Supporl cosls 2024 Total funds 2024 Totol fvnds Gr•nl making 201.000 22,267 223.267 428.738 roto12013 27.238 42&f38 Analysis Of supporl cosls Grant Ma￿ng 202 Total funds 2024 Total lunds 2023 Bookkeepinq and leoai fees Ind?pendenl examinees remunpralion 19.473 2.844 19.421 1844 24.526 2,712 22.267 Zl267 27,238 Totu12023 27.2J8 27.238 Page13 TIIE LESLIE Smmi FOVNDATION NOTES TO THE RNANCIAL ￿ATEmENTs FOR THE YEAR ENDED 5 APRIL 20Z4 Ind•p•ndenl •xamlnorfs remunèration The independent examiner's remunerallon amounts lo arl ind•pèndèThF •xamin•r f•• •1 È1.146 12023 - £10921, and accountancy servrces of El.698 (2023- £L620J. Trusle•s' remuneralion and expens•¥ During Ibv year. no Trustees reteived aThy r¢rnuA•ration or Dlh?r benefits f2023. EAIILJ. Durlng th• year •nd•rt 5 Aprll 2021. no TruÉt•• expcng¢¥ hove b¢¢n incuii¥d12023-£NIV. Flx•d aii•l Inv•strnenls Llit•d InY•Jtm•nls Cost Qr valuotlon Al 6 April 2023 Addilions DIsp05als Revaluation5 3,047,787 516,642 1627.157) (25,5981 Al 5 April 2024 2,911,674 Paqe14 TFIE LE5UE SMttH FQUNDAnoN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL ZOZ4 Dèbtors 2024 2023 Du• wllhln gn• y••r Olher debtor5 3,231 3.231 3,231 3.232 ¢r•d5i•r&' Amgurbt• l•1tiftg wlthln on• year 2024 2023 Other ¢r•dltors Grants commilted 4.261 15,142 25,LtrXI 4.261 40,142 Page 15 THE LESLIE sM￿H FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL Z024 12. Statement of funds Slitvmenl ol lunds- currenl ye*T B4linEe ai o Aprll 2023 Galnol Balan¢t at 6 (Losses) Aprfl 2024 Incom* Expendlture Unr•sirlcted fuhds General Funds 3.356,372 (Z36,9041 (25.S981 32U5.075 R•ilri¢l•d fundi R•$trlcted Fund 820 1.243 11.000) 1.063 Tot•1 ot lunds 3.357.192 111448 1237,9041 125.5981 3,206.138 Th• rtstrScl•d lund r•pr•s?nts undlstrlbut•d spe¢lllt Incom• whlch Is lor th• b•n•lll ol Kldnoy R•sqarch and Can¢er R•s•arth U Stalgm•nt ot fund$- prtor y•ar Bolonceot l Apn12023 6oln51 Ho117nce (rt ILoss¢JJ SAprM3023 Intome Expertdirwe Unr•$lrl¢l•d lund• General Funds 4,130.88 93.996 1447.9791 f43Q.531J 1354372 Re5trfct•d lund¥ Re5tricled Fund 1,017 1273 820 Tolal (tl funds 4131,935 95.269 (449.4791 (420.5331 3,357,192 Page 16 THE LESLIE SMnH FOUNDATION NI)TES TO THE HNANCIAL 5fATEMEfiTS FOR THE YEAR EIIDED 5 APRIL 2024 13. Anilysis of n•1 ass•ts belween lunds Analysls of n•t ass•t5 b•tw••fv fvnds- currenl peri•d UThr•sirlCtg lunds 2D24 R•51rlcl•d lunds 2D2A Totol 2024 Rx•d as501 investments CurrgTh1 assets Creditors dut wllhln one year Z,911,674 2.911.674 29B.725 14,2611 i.n&7 14.2611 Tvlil 3.205.075 l.Q63 3,206.138 Anllysls ol n•t ass•ts betw••n funds- prtor p•rlod Unrestrkted fvnds 2023 Re5trtcred fvnds 2023 rorol fvnds 2023 Flx•d 4ss•1 Inv•stmènls Curren¢ ass•ls Lr•dllor$ du• Wlihin on• y•ar 1047,787 348,727 140,1421 3.047.787 349,547 (40,1422 820 Tr*lal 3.356.37Z 820 3,357,192 14. Rolalld party Irinsactlons Mr5 D F15her 15 a Principal Member ol Fish•rL•yal LLP. a firm of solicitors which raised Invoices to th• Fosjndalion lor legèl and adminislralive sÈr¥ice5 rendered. Professional fees amountlng 10 £19.42? 12023 £24,JZOI YlEre payable lo F15hErLegal LLP and Olher crediiors Include £1,417 fdUlJ - t/,y/oi oue to Fish•rL•gal LLP. No olhor Irustee or p•rgon r(*lat•d tts lh• charity had any p•rgon*l inlr*f•Bt In any ¢•ntr•d or Ir•ns•¢t5on enlered into by the FoundatlDN during the year. Page 17