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|Reference and administrative detailsoftheFoundation,itsTrustees and advisers|1|
|Trustees'report|2 - 4|
|Independent examiner'sreport|5|
|Statementoffinancialactivities|6|
|Balancesheet|7|
|Notestothefinancial statements|8 - 16|





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## **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: 

1. accounting records were not kept in respect of the Foundation as required by section 130 of the 2011 Act; or 

2. the accounts do not accord with those records; or 

3. 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 



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|**Income from:**<br>Investments<br>**Total**income<br>**Expenditure**on:<br>Raising funds<br>Charitable activities<br>**Total expenditure**<br>**Note**<br>3<br>4<br>6<br>**Net expenditure before net losses on**<br>**investments**<br>Net lossesoninvestments<br>9<br>**Net movement in funds**<br>**Reconciliationoffunds:**<br>Total funds brought forward<br>Net movementinfunds<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**2025**<br>£<br>**103,378**<br>**103,378**<br>**24,603**<br>**137,703**<br>**162,306**<br>**(58,928)**<br>**(91,706)**<br>**(150,634)**|**Restricted**<br>**funds**<br>**2025**<br>£<br>**1,009**<br>**1,009**<br>**1,200**<br>**1,200**<br>**(191)**<br>**(191)**|**Total**<br>**funds**<br>**2025**<br>£<br>**104,387**<br>**104,387**<br>**24,603**<br>**138,903**<br>**163,506**<br>**(59,119)**<br>**(91,706)**<br>**(150,825)**||_Total_<br>_funds_<br>_2024_<br>£<br>_113,048_<br>_113,048_<br>_15,237_<br>_223,267_<br>_238,504_<br>_(125,456)_<br>_(25,598)_<br>_(151,054)_<br>_3,357,192_<br>_(151,054)_<br>_3,206,138_|
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||**3,205,075**<br>**(150,634)**<br>**3,054,441**|**1,063**<br>**(191)**<br>**872**|**3,206,138**<br>**(150,825)**<br>**3,055,313**|||
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|**Fixed assets**<br>Investments<br>**Current assets**<br>Debtors<br>Cashatbank and in hand<br>**Current liabilities**<br>Creditors: amounts falling due within one<br>year<br>**Net current assets**<br>**Total net assets**<br>**Charity funds**<br>Restricted funds<br>Unrestricted funds<br>**Total funds**<br>**Note**<br>9<br>10<br>11<br>12<br>12|**3,231**<br>**304,393**<br>**307,624**<br>**(115,888)**|**2025**<br>£<br>**2,863,577**<br>**2,863,577**<br>**191,736**<br>**3,055,313**<br>**872**<br>**3,054,441**<br>**3,055,313**|_3,231_<br>_295,494_<br>_298,725_<br>_(4,261)_|_2024_<br>£<br>_2,911,674_<br>_2,911,674_<br>_294,464_<br>_3,206,138_<br>_1,063_<br>_3,205,075_<br>_3,206,138_|
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|Income from listed investments<br>Other bank income<br>Royalty income<br>_Total 2024_|**Unrestricted**<br>**funds**<br>**2025**<br>£<br>70,353<br>33,025<br>103,378|**Restricted**<br>**funds**<br>**2025**<br>£<br>1,009<br>1,009|**Total**<br>**funds**<br>**2025**<br>£<br>**70,353**<br>**33,025**<br>**1,009**<br>**104,387**|_Total_<br>_funds_<br>_2024_<br>£<br>_111,205_<br>_600_<br>_1,243_<br>_113,048_|
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||_111,805_|_1,243_|_113,048_||



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|Investment management fees<br>_Total 2024_<br>**Unrestricted**<br>**funds**<br>**2025**<br>£<br>24,603<br>_15,237_||**Total**<br>_Total_<br>**funds**<br>_funds_<br>**2025**<br>_2024_<br>£<br>£<br>**24,603**<br>_15,237_<br>_15,237_|
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|**Grants to**<br>**Institutions**<br>**2025**<br>£<br>Grants<br>116,200<br>_Total 2024_<br>_201,000_<br>The total grants paid to institutions during the year was as follows:<br>Black Swan Arts Limited<br>Cancer Research UK<br>Children's Hospice South West<br>Choose Love - Gaza Appeal<br>Dartmoor Search & Rescue Team Ashburton<br>Devon Wildlife Trust<br>Fair Frome<br>FriendsofCAMHS Phoenix School<br>Go Beyond<br>Great Ormond Street Hospital Children's Charity<br>Gwent Wildlife Trust<br>Helen & Douglas House<br>Kidney Research UK<br>Make-a-Wish<br>School readers<br>Surfers Against Sewage<br>The Charlie Waller Foundation<br>The Children's Society<br>The Heaton-Ellis Trust<br>The Shakespeare Globe Trust||**Total**<br>_Total_<br>**funds**<br>_funds_<br>**2025**<br>_2024_<br>£<br>£<br>**116,200**<br>_201,000_<br>_201,000_<br>**2025**<br>_2024_<br>£<br>£<br>**10,000**<br>**600**<br>**10,000**<br>**40,000**<br>**600**<br>**10,000**<br>**25,000**<br>**10,000**<br>**10,000**<br>**116,200**<br>_500_<br>_10,000_<br>_40,000_<br>_10,000_<br>_20,000_<br>_10,000_<br>_20,000_<br>_20,000_<br>_20,000_<br>_500_<br>_20,000_<br>_10,000_<br>_10,000 _<br>_10,000 _<br>_201,000_|
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|Education<br>General Welfare<br>Health<br>**2025**<br>£<br>**70,000**<br>**45,000**<br>**1,200**<br>**116,200**|_2024_<br>£<br>_40,000_<br>_80,500_<br>_80,500_<br>_201,000_|
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|Grant making<br>_Total 2024_||**Grant**<br>**fundingof**<br>**Support**<br>**activities**<br>**costs**<br>**2025**<br>**2025**<br>£<br>£<br>116,200<br>22,703<br>_201,000_<br>_22,267_<br>**Total**<br>_Total_<br>**funds**<br>_funds_<br>**2025**<br>_2024_<br>£<br>£<br>**138,903**<br>_223,267_<br>_223,267_|
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|**Grant**<br>**making**<br>**2025**<br>£<br>Bookkeeping and legal fees<br>19,721<br>Independent examiner's remuneration<br>2,982<br>22,703<br>_Total 2024_<br>_22,267_||**Total**<br>_Total_<br>**funds**<br>_funds_<br>**2025**<br>_2024_<br>£<br>£<br>**19,721**<br>_19,423_<br>**2,982**<br>_2,844_<br>**22,703**<br>_22,267_|
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||**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**|





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|**Due within one year**<br>Other debtors<br>**2025**<br>£<br>**3,231**<br>**3,231**|_2024_<br>£<br>_3,231_<br>_3,231_|
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|Other creditors<br>Grants committed|**2025**<br>_2024_<br>£<br>£<br>**24,688**<br>**91,200**<br>_4,261_<br>**115,888**<br>_4,261_|
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|<br>**Unrestricted funds**<br>General Funds<br>**Restricted funds**<br>Restricted Fund<br>**Totaloffunds**|**Balance at 6**<br>**April 2024**<br>**Income**<br>£<br>£<br>**3,205,075**<br>**103,378**<br>**1,063**<br>**1,009**<br>**3,206,138**<br>**104,387**|**Expenditure**<br>£<br>**(162,306)**<br>**(1,200)**<br>**(163,506)**<br>**Gains/ Balanceat5 **<br>**(Losses)**<br>**April 2025**<br>£<br>£<br>**(91,706)**<br>**3,054,441**<br>**872**<br>**(91,706)**<br>**3,055,313**|
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|**Unrestricted funds**<br>General Funds<br>**Restricted funds**<br>Restricted Fund<br>**Totaloffunds**|_Balance at_<br>_1 April 2023_<br>£<br>_3,356,372_<br>_820_<br>_3,357,192_<br>_Income_<br>£<br>_111,205_<br>_1,243_<br>_112,448_|_Gains!_<br>_Balance at_<br>_Expenditure_<br>_(Losses)_<br>5_April 2024_<br>£<br>£<br>£<br>_(236,904)_<br>_(25,598)_<br>_3,205,075_<br>_(1,000)_<br>_1,063_<br>_(237,904)_<br>_(25,598)_<br>_3,206,138_|
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|Fixed asset investments<br>Current assets<br>Creditorsdue within one year<br>**Total**|**Unrestricted**<br>**funds**<br>**2025**<br>£<br>2,863,577<br>306,752<br>(115,888)<br>3,054,441|**Restricted**<br>**funds**<br>**2025**<br>£<br>872<br>872|**Total**<br>**funds**<br>**2025**<br>£<br>**2,863,577**<br>**307,624**<br>**(115,888)**<br>**3,055,313**|
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|Fixed asset investments<br>Current assets<br>Creditors due within one year<br>**Total**|_Unrestricted_<br>_funds_<br>_2024_<br>£<br>_2,911,674_<br>_297,662_<br>_(4,261)_<br>_3,205,075_<br>_Restricted_<br>_funds_<br>_2024_<br>£<br>_1,063_<br>_1,063_<br>_Total_<br>_funds_<br>_2024_<br>£<br>_2,911,674_<br>_298,725_<br>_(4,261)_<br>_3,206, 138_|
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