AIRS VERA LEIGH CHARITABLE TRUST R•gist•red Charity HuM￿r 274872 Financial Slat•monts and Trust90$ Report for year ended Sth Aprll 2021 PENNINGTONSNGTONS MANCHES IANCHES COOPER 31 Chertsey Street Guildford Surrey GU14HD Tel.. 01483 791800 Fax." 01483 424177 Our Ref.. 20009861APM MRS VERA LEIGH CHARITABLE TRUST Ir•glstered ¢harfty no.: 2748721 CONTENTS OFTHE FINAP4CIAL STATEMENTS forthe y•arènded 5 Aprll 2021 Itèm Page Charity Informab'on Trustees. Report Receipts and Pay7nents Account Statement of Assets and Liabilities MRS VERA LEIGH CHARITABLE TRUST Ir•gistsred charlty no.: 2748721 LEGAL & ADMINISTRATIVE INFORMATION #S at S Aprll 2021 GOVERNING INSTRUMENT.. The Trust was established on 16 March 1977 by the Will of Mrs Vera Leigh Deceased. CHARITY REGISTRATION NO: 274872 CURRENT TRUSTEES: MrT A Cole and MrJ H Woollcomba PRINCIPAL ADDRESS FOR CORRESPONDENCE: Penningtons Manche$ Cooper LLP 31 Chertsey Street Guildford Surrey GU14HD SOLICITORS & ACCOUNTANTS: Penninglons Manches Cooper LLP 31 Chertsey Street Guildford Surrey GU1 4HD INVESTMENT MANAGERS: Inve8lec Wealth and Investment 2 Gresham Street London EC2V 7QP INDEPENDENT EXAMINERS: Azels Ashcombe Court Woc4sad( Way Godalming Surrey GU7 1LQ Charity Inforn￿tiOn Page 3 MRS VERA LEIGH CHARITABLE TRUST {regi$ter•d charity no.: 274872) TRUSTEES. ANNUAL REPORT for the year 8nd•d 5 April 2021 Spfrclfic Investment Powors The Trustees., powers include full discretsonary p0￿r5 lo make grants. They also have full discretionary power to make investments. Appointment of New TrustO•S The current Trustees have power to appoint newtruslees Objects of the Charity In ac￿rdanCe wth ils governing inslrumenl, to diStrib￿e revenue only by way of grants for the benefit of such institutionlsl, objectls) or purposes as are charitable wthin the legal meaning of the term as the trustees may in Iheir absolute di$¢relion select. Futur• Plans of the Charity Future plans of the Charity are lo continue rts grant making actiwties. Oryanisationgl $try¢tU￿ and decision maklng piocess of the Charity The Tru51ees Fnake grants throughout the year after conferring electronicalty, or by telephone, or al periodic meetings. Investment policy and tho porfemiance achiovèd 4g•inst the policy The Trust has a diverse equity and fixed interest portfolio managed by Investec Wealth and Investrnenl, through which rt is hoped the portfolio wll outperform the FTSE AJI Share Index over time. In the year to S April 2021, the value of the portfolio rose from £877,085 10 £1,173.157, an increase of 33.76% 12020.. fall of 20.48%). During the same period, the FfsE All Share Index rose by 37.490kn12020.' fall of 27.27%). Revltsw of the d8v•lopmen( actlvities and achievements of the Charfty durfng the year In 2020121 the Trust had net assets of £1.199,88312020.' £931.055) and net outgoing resources of £26,706 12020.. incoming £31,833). In the year, grants totslling £17.250 12020.. £34,500) have been paid, in furtherance of the charity's objectives. Regard for public benefit The Trustees have had due regard to the guidance published by the Charity Commission on public benefit and to that end have contsnued to make grants to varied charitsble organisations wthin the charW$ ¢harrtable objects. continued overfeaf Trustees Report Page 4 MRS VERA LEIGH CHARITABLE TRUST Ireglst•r•d charity no.: 2748721 TRUSTEES. ANNUAL REPORT for th• yèar onded 5 April 2021 Grants Pald Asthma UK Altheimerfs Society Windsor Homeless Pmject The Stroke Association ChTistsan Thrombosis Research Institute Cystic Fibrosis Trust Br((ish Heart Foundation Save The Children Fund Multiple Sclerosis Society MND Association Versus Arthritus Beds Whitechapel Mission John lfjng Brain Tumour Foundation Chronic Disease Research Foundation The Mud House Children's Foundation Muscular Dystrophy So¢iely of GB & NI UK Committee Sr Graham's Hornes Fight for Sight Alzheimer's Research UK Brain Research Trust Siloam Christian Ministries Cancer Research UK Meningilus Research Fryjndatson Action on Hearing Loss IRNIDI Macmilan Cancer Support less.. Returned donations from previous year Total grant$ pald during year 1,250 500 250 750 750 750 750 750 750 750 750 750 500 500 500 750 750 750 500 500 750 750 500 750 500 500 750 17501 17,250 R•8erves Pollcy In accordance wth the governing instrument. the Trustees wll only make distributions of available Revenue, annotated as 'Unreslricled Fund. in the accounts. Capital Reserves are maintained, annotated as 'EndowMenl Fund. in the accounts. The available revenue as at 5 April 2021 is £8.33312020. £5,766) Risk Managamgnt The Trust has no operational risks. Its risks are related to investrnent strategy and il guards against those risks by ensuring, with advice from its investrnent managers, a reasonable diversification on investment$. Commentary on Accounts The T¥ustees are satisfied bwlh the performance of the Trust, the results for the year and the situation at the year-end. The Accounts comply with current Statutory requirements and wlh the Trust Deed. Ralation5hip with othèr cha￿tIeS There is no relati ip ￿1th any other general grant making charitable organisations. Signed.. Mr T A Cole. Trustee Date.. Trustees Report Page S MRS VERA LEIGH CHARITABLE TRUST (rtrgl•t•Y•d eh•rlty no.: 2748721 RECEIPTS AND PAYMENTS ACCOUNT forthe year•￿d￿ S Aprfl 2021 2021 2020 nrestr Fund owmen Fund Total Funds FurK Fund Total FunLI$ Ineomt RKelpts Donatsons reCeI￿j 82,820 82.820 InVeSt￿nt Income Bank Int￿￿t OLh8r Interest UK Company Dividends Unl¢Trusl Dividends PropÈrty Inco￿￿ 0i5tribJtKtns Fweign dwklends 8,596 11,260 3.447 8,59S 11,280 3.447 592 4.513 111,228 9.048 18,563 4,809 18,563 4.809 360 6.C65 38.847 4,513 111,228 38,847 other Recelpts Prèceeds from sal8 of In￿tMentS 157,354 157,354 162.686 162.686 Total Reeelpts 111.228 157.354 38.847 162,686 201.533 DTm¢t Charitable Expendlture Gr8nts paid 17,250 17,250 34,5C other Expendlturn Purtha5e of investTr*nts Legal & Professionol fee$ Independent Exami￿￿$ fees Travel expenses Rounding adjushknt 82.800 7,560 1,050 176,5ti 10,116 259,311 17,676 114.816 10.836 114.e16 19.364 978 8,528 978 243 Totsl Payments 108,661 186,627 295.288 44.248 125,4S2 189.700 N•t r•rnlptsllpaym•nt81 lor y*•r 2,567 129.2731 I26.7(￿) 15.4011 37,234 31.833 Cash •nd bank balances •t S April 2020 5,786 50,485 56,251 11.167 13.251 24,418 C•sh and bank balance¥ * S AprFI 2021 8,333 21,212 29,545 5,766 50,485 56,251 Rec8ipts ants P3yrnentsAccount Page 6 MRS VERA LEIGH CHARITA8LE TRUST Ir•gistered ¢harity no.: 27487ZI STATEMENT OF ASSETS AND LIABILITIES AS AT 5th April 2021 2021 Endowmont Unrestricted Fund Fund 2020 Endowment Unrestrl¢tsd Fund Funtl Cash Funds Cash and bank balan¢e$'. AIB (Penningtonsl Client Account Inveslec Deposit Account Investec Income Account 8,333 5,766 21,212 50,485 21,212 8,333 50,485 5.766 Llablllties Creditors Due to Investment Manager (2.819) {2,281) 12,8191 12,2811 Invostment Assots Investments at cost.. Shares and Securitie5 at Investe¢ Portfolio 871,451 82,800 888,720 Maiket Value of investments 1,090,357 82.800 877,085 Signe(J". Mr T A Cole, Trustee Slalemenl of Assets and Liabs. Page 7 Independent Examinerfs Report to the Trustees of Mrs Vera Leigh Charitable Trust I report on the accounts of the charity for the year ended 5 April 2021 which are set out on pages 6 and 7. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the prep8r8tion of the accounts. The charity's trustees consider that an audit is not required for this year under 5ectioN 144121 of tre Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my re5ponsibilily to.. examine the accounts under section 145 of the 2011 Act", follow the prO￿dureS laid down in the general Directions given by the Charity ComMiss￿n under section 14515llbl of the 2011 Act.. and state whether particular matters have come to my attention. Basls of Independent examlner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual ilerns or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a "true and fair view. and the report is limited to those matters set out in the statement below. Other matters Your allenlion is drawn to the fact that the charity has prepared the ￿￿OUnt$ Ifinanci81 slalementsl in accordance with Accounting and Reporting by Charities.. Statement of Recomrnended Practi￿ applicable to ch8rilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iie18nd IFRS1021. 2ThJ edition. Issued in October 2019 In preference to the Accounting 8nd Reporting Charities.. Statement of Recomtnended Practice issued on 1 April 2005 which Is r8feir8d to in th8 8xtant regulations but has since been withdrawn. We understand that this has been done in order for the accounts to provide 8 true and fail view in accordan with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. Independent examiner's statemant In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that, in any material respect, the requirements". to keep accounting records in acwrdance with section 130 of the 2011 A¢t.' and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met., or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. M S Leigh BA FCA CF Azels Chartered Accountants Ashcombe Court Woolsack Way Godaltning, Surrey, GU7 1LQ Dale.. 12 January 2022