| Page | |
|---|---|
| Reference and administrative detailsoftheFoundation,itsTrustees and advisers | 1 |
| Trustees'report | 2 - 4 |
| Independent examiner'sreport | 5 |
| Statementoffinancialactivities | 6 |
| Balancesheet | 7 |
| Notestothefinancial statements | 8 - 16 |
THE LESLIE SMITH FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2025
Independent examiner's report to the Trustees of The Leslie Smith Foundation ('the Foundation')
I report to the charity Trustees on my examination of the accounts of the Foundation for the year ended 5 April 2025.
Responsibilities and basis of report
As the Trustees of the Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Foundation as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' 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.
This report is made solely to the Foundation's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Foundation's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Foundation and the Foundation's Trustees as a body, for my work or for this report.
Signed: Joanne Fox BA FCA
Dated: 4 February 2026
BW Audit Ltd Chartered Accountants Berry & Warren 54 Thorpe Road Norwich NR1 1RY
Page 5
| Income from: Investments Totalincome Expenditureon: Raising funds Charitable activities Total expenditure Note 3 4 6 Net expenditure before net losses on investments Net lossesoninvestments 9 Net movement in funds Reconciliationoffunds: Total funds brought forward Net movementinfunds Total funds carried forward |
Unrestricted funds 2025 £ 103,378 103,378 24,603 137,703 162,306 (58,928) (91,706) (150,634) |
Restricted funds 2025 £ 1,009 1,009 1,200 1,200 (191) (191) |
Total funds 2025 £ 104,387 104,387 24,603 138,903 163,506 (59,119) (91,706) (150,825) |
Total funds 2024 £ 113,048 113,048 15,237 223,267 238,504 (125,456) (25,598) (151,054) 3,357,192 (151,054) 3,206,138 |
|
|---|---|---|---|---|---|
| 3,205,075 (150,634) 3,054,441 |
1,063 (191) 872 |
3,206,138 (150,825) 3,055,313 |
|||
| Fixed assets Investments Current assets Debtors Cashatbank and in hand Current liabilities Creditors: amounts falling due within one year Net current assets Total net assets Charity funds Restricted funds Unrestricted funds Total funds Note 9 10 11 12 12 |
3,231 304,393 307,624 (115,888) |
2025 £ 2,863,577 2,863,577 191,736 3,055,313 872 3,054,441 3,055,313 |
3,231 295,494 298,725 (4,261) |
2024 £ 2,911,674 2,911,674 294,464 3,206,138 1,063 3,205,075 3,206,138 |
|---|---|---|---|---|
| Income from listed investments Other bank income Royalty income Total 2024 |
Unrestricted funds 2025 £ 70,353 33,025 103,378 |
Restricted funds 2025 £ 1,009 1,009 |
Total funds 2025 £ 70,353 33,025 1,009 104,387 |
Total funds 2024 £ 111,205 600 1,243 113,048 |
|---|---|---|---|---|
| 111,805 | 1,243 | 113,048 |
| Investment management fees Total 2024 Unrestricted funds 2025 £ 24,603 15,237 |
Total Total funds funds 2025 2024 £ £ 24,603 15,237 15,237 |
|
|---|---|---|
| Grants to Institutions 2025 £ Grants 116,200 Total 2024 201,000 The total grants paid to institutions during the year was as follows: Black Swan Arts Limited Cancer Research UK Children's Hospice South West Choose Love - Gaza Appeal Dartmoor Search & Rescue Team Ashburton Devon Wildlife Trust Fair Frome FriendsofCAMHS Phoenix School Go Beyond Great Ormond Street Hospital Children's Charity Gwent Wildlife Trust Helen & Douglas House Kidney Research UK Make-a-Wish School readers Surfers Against Sewage The Charlie Waller Foundation The Children's Society The Heaton-Ellis Trust The Shakespeare Globe Trust |
Total Total funds funds 2025 2024 £ £ 116,200 201,000 201,000 2025 2024 £ £ 10,000 600 10,000 40,000 600 10,000 25,000 10,000 10,000 116,200 500 10,000 40,000 10,000 20,000 10,000 20,000 20,000 20,000 500 20,000 10,000 10,000 10,000 201,000 |
|
|---|---|---|
| Education General Welfare Health 2025 £ 70,000 45,000 1,200 116,200 |
2024 £ 40,000 80,500 80,500 201,000 |
|---|---|
| Grant making Total 2024 |
Grant fundingof Support activities costs 2025 2025 £ £ 116,200 22,703 201,000 22,267 Total Total funds funds 2025 2024 £ £ 138,903 223,267 223,267 |
|
|---|---|---|
| Grant making 2025 £ Bookkeeping and legal fees 19,721 Independent examiner's remuneration 2,982 22,703 Total 2024 22,267 |
Total Total funds funds 2025 2024 £ £ 19,721 19,423 2,982 2,844 22,703 22,267 |
|
|---|---|---|
| 22,267 | ||
| Listed | |
|---|---|
| investments | |
| £ | |
| Costorvaluation | |
| At 6 April 2024 | 2,911,674 |
| Additions | 973,446 |
| Disposals | (929,837) |
| Revaluations | (91,706) |
| At 5 April 2025 | 2,863,577 |
| Due within one year Other debtors 2025 £ 3,231 3,231 |
2024 £ 3,231 3,231 |
|---|---|
| Other creditors Grants committed |
2025 2024 £ £ 24,688 91,200 4,261 115,888 4,261 |
|---|---|
Unrestricted funds General Funds Restricted funds Restricted Fund Totaloffunds |
Balance at 6 April 2024 Income £ £ 3,205,075 103,378 1,063 1,009 3,206,138 104,387 |
Expenditure £ (162,306) (1,200) (163,506) Gains/ Balanceat5 (Losses) April 2025 £ £ (91,706) 3,054,441 872 (91,706) 3,055,313 |
|---|---|---|
| Unrestricted funds General Funds Restricted funds Restricted Fund Totaloffunds |
Balance at 1 April 2023 £ 3,356,372 820 3,357,192 Income £ 111,205 1,243 112,448 |
Gains! Balance at Expenditure (Losses) 5_April 2024_ £ £ £ (236,904) (25,598) 3,205,075 (1,000) 1,063 (237,904) (25,598) 3,206,138 |
|---|---|---|
| Fixed asset investments Current assets Creditorsdue within one year Total |
Unrestricted funds 2025 £ 2,863,577 306,752 (115,888) 3,054,441 |
Restricted funds 2025 £ 872 872 |
Total funds 2025 £ 2,863,577 307,624 (115,888) 3,055,313 |
|---|---|---|---|
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 2,911,674 297,662 (4,261) 3,205,075 Restricted funds 2024 £ 1,063 1,063 Total funds 2024 £ 2,911,674 298,725 (4,261) 3,206, 138 |
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