MRS VERA LEIGH CHARITABLE TRUST Registered Charity Number 274872 Financial Statemgnts and TrUSt￿S Report for y•ar ended Sth Aprfl 2024 PENNINGTONS MANCHES COOPER Ground Floor North The Bottle Works Guildford Surrey GU14LP Tel. 01483 791800 Fax.. 01483 424177 Our Ref.. 200Q9861APM MRS VERA LEIGH CHARITABLE TRUST Iregist•r•d charty no.: 2748721 CONTENTS OF THE FINANCIAL STATEMENTS forthe yéargnded 5 April 2024 Item Pagè Charity Inforrnab'on Trvstees. Report Receipts and Payments Account Slalement of Assets and Liabilrtie5 MRS VERA LEIGH CHARITABLE TRUST {r•glstèrèd charity no.: 2748721 LEGAL & ADMINISTRATIVE INFORMATION as 8t 5 April 2024 GOVERNING INSTRUMENT: The Trust wa5 established on 16 March 1977 by the Will of Mrs Vera Leigh Deceased. CHARITY REGISTRATION NO: 274872 CURRENT TRUSTEES: Mr T A Cole and Mr J H Woollcombe PRINCIPAL ADDRESS FOR CORRESPONDENCE: Penningtons Manches Cooper LLP Ground Floor North The Bottle Works Guildford Surrey GU1 4LP SOLICITORS & ACCOUNTANTS.. Penningtons Manches Cooper LLP Ground Floor North The Bottle Works Guildford Surrey GU1 4LP INVESTMENT MANAGERS: Rathbones (formerly Inve5tec Wealth and Investment) 2 Gresham Street London EC2V 7QP INDEPENDENT EXAMINERS.. Anthony Kelly FCA 2 Woodberry Close Chiddingfold Godalming Surrey GU8 4SF Charity Informabon Page 3 MRS VERA LEIGH CHARITABLE TRUST Ireglstered charity no.: 2748721 TRUSTEES. ANNUAL REPORT for the year end•d 5 Aprll 2024 Specific Investmènt Powers The Trustees, powers Include full discretionary powers to make gran15. They a150 have full disGretionary power to make investments. Appointment ol New Trustees The Gurrenl Tru51ee5 have power lo appoint new trustees Objects of the Charity In accordance wth its governing inslrumenl, to distribute revenue only by way ol grants for the benefit of suGh inslilulionlsl, obiectls) or purposes as are charitable within the legal meaning of the terrn as the trustees may in their absolute discretion select. Future Plans of the Charity Future plans of the Charity are to continue its grant making 8diwlie5. Organisational structure and decision making proc8$$ of th& charlty The Trustees make grants throughout the year after conferring electronically, or by telephone, or at periodic meetings. Investment policy and the pgrformance achieved against the policy The Trust has a diverse equity and fixed Interest portfolio managed by Rathbones Iformerfy Investe¢ Wealth and Investment), through which it is hoped the portfolio wll outperform the FTSE I Share Index Over time. In the yeaf lo 5 April 2024, the value of the portfolio rose from £1,111,830 to £1,160,516, an increase of 1.18% 12023. fall Df 4.930hl. Ouring the same period, the FTSE All Share Index rose by 3.66%12023' fall of 1.82%). Review of the developm•nt, aGUvlties and achievements of the Charity during th& yèar In 2023124 the Trust had net assets of £1. 160,39812023 £1, 128,3881 and nel incoming resources of £18,976 12023 incoming £52,798). In the year, grants totalling £20,000 12023." £20.5001 have been paid, in furtherance of the charily's objects'ves. Regard for public bÈnefit The Trustees have had due regard to the guidance published by the Charity Commission on public benefit and lo that end have continued lo make grants to varied charitable organisations within the charity's charitable objects. continu8d ov8*leaf Trustees Report Page 4 VERA LEIGH CHARITABLE TRUST Donatlons approvedlratified In the year 2023124 In furtherance of the Charity's objectives and lollowin9 8 dis¢ussion wth my ¢trtrustee. it was agreed that the follo￿ring donations would be made:_ Arnounl 1£) The Migraine Trust Macmillan Cancer Support Bribsh Red Cros5 Society Phyllis Tuckwell Memorial Hospice Glencoe Mountain Rescue CanGeT Research UK Epilep8y Research UK Royal Surrey County Hospital Foundation Trust Windsor Horneless Proiecl Guildford Samaritans Royal National Institute of Blind People Water Aid CAFOD Tearfund Marie Curie Brain Research Trust Meningitis Research Foundation Alzheirller's Research UK Sense Fight For SighVBritish Eye Research IFound81ion Mental Health Foundation Siloam Chrislian Minitries NSPCC The Haemophlia Society The Mud House Children's Foundation Parkinson'5 Africa Pursue John King Brain lumour Fovndab'on 500 00 750 00 750.00 1,000.00 1,000.00 750.00 750.00 1,000.00 500 00 500.00 500.00 750 00 750.00 500.00 750.00 750.00 500.00 750.00 750.DO 500.00 500.00 500.00 500.00 500 00 1,000.00 1.000.00 1,000.00 1,000.00 TOTAL Donations for year 20,000 00 agreed Terence Cole on behalf of the Trustees Mr Cole Truste Donations 23-24 MRS VERA LEIGH CHARITA8LE TRUST (registered charity no.- 2748721 RECEIPTS AND PAYMENTS ACCOUNT for the year ended S April 2024 2024 ndowmenl Fund 2023 ndtrwment Fund Unrestricted Fund nrestncted Fund Total Funds TDlal Funds Income Recelpts Investment Incow 8ank Interest Other Interest UK Company Dividends Unil Trust Dividends Propety Income Distribuiions FNeign dividends 583 10.887 10,817 3,327 455 6.748 32,817 583 10,887 10,817 3,327 455 6,748 32,817 603 7,723 12,723 2,848 409 6,152 3D,458 603 7,723 12,723 2,848 409 6.152 30.458 Other Re¢elpt5 Proceeds from sale of Inveslmenls 854,828 854.826 208.183 208,183 Totsl R¢ceipts 32.817 854,826 887.643 30.458 208,183 238,641 Direct Charitable Expenditure Grant5 paid 20,000 20,000 20,500 20,500 other Expenditure Purchase of inve$iment5 Legal & Professional fees Independent Exarniner's fee5 Tiavel expenses Rounding adjustment 827,267 10,706 827,267 20,6[ 750 45 251,002 10.934 251.002 18.614 1.140 9.900 750 45 7,680 1,140 Totsl Payments 30.694 837,973 868.667 29,504 261.935 291.439 Nei receiptsllpaymentsl loryear 2,123 16.853 18.976 954 153.7521 152.7981 Cash and bank balances at 5 A￿1 2023 7,583 11 637 19.220 6.629 65,389 72,018 ash and bank balances at S April 2024 9,706 28,490 38,196 11.63 19.220 Rettipt5 and Payments Account Page 6 MRS VERA LEIGH CHARITABLE TRUST Ireglstered charity no.: 2748721 STATEMENT OF ASSETS AND LIABILITIES AS AT Sth April 2024 2024 EndowmÈnt Unrestroctsd Fund Fund 2023 Endowment Unrtstrlcted Fund Fund Cash Funds Cash and bank balan¢e5' HSBC (Penningtonsl Client Account Investec Oepgsil Account Investec Incorne Account 9,706 7,893 28,490 11,637 11101 28,490 9,706 11,637 7,583 Liabiliti•s CreLli1018 Due lo Investmen, Manager 12,7801 12,6621 12,7801 12,6621 Investment Assets Investments at cost.. Shares and Securities at Investec Portfolio 1,009,132 82.800 847,999 82,800 Market Value of investments 1,042.182 82,800 1,029,030 82,800 Signed Mr T A Cole. Trustee Date.......... Statement of Asse15 and Liabs. Page 7 Independent Examiner's Report to the Trustees of Mrs Vera Leigh Charltable Trust I report on the accounts of the charity for the year ended 5 April 2024 which are set out on pages 6 and 7. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider than an audit 15 not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is needed. It is my responsibility to: ensure that the accounts under section 145 of the 2011 Act,. follow the procedures laid down in the general Dtrections given by the Charity Commission under section 14515llbl of the 2011 Act,. and state whether particular matters have come to my attention. Basis of independent examiner's ￿port 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 includes considerats.on of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerninE any such matter5. The procedures undertaken do not grovide all the evidence that would be required in an audit and consequently no opinion is given as to 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 attention is drawn to the fact that the charity ha5 prepared the accounts Ih'nancial statements) in accordante with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 prepariD8 their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021, issued in October 2019 in preference to the Accountfjng and Reporkn"ng Charities= Statement of Recommended practr.ce issued on l April 2005 which is referred to in the extant regulations but has since been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after I january 2015. Independent Examlner's statement In accordance with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that, in any material respect, the requirements= al to keep accounting records in accordance with 5ecbon 130 of the 2011 Act,. and bl to prepare accounts which accord with the accountr.ng records and comply with the accounting requirements of the 2011 Act have not been met,. or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Anthony Kelly FCA Independent Examiner 2 Woodberry Close Chiddingfold Godalming Surrey GU8 4SF Date.. 5 December2024