MRS VERA LEIGH CHARITABLE TRUST Registered Charity Number 274872 Financial Statements and Trustees Report for year ended 5th April 2025 PENNINGTONS MANCHES COOPER Ground F5oor North The Boiile Works Guildlord Surrey GU14LP Tel. 01483 791800 Fax" 01483 424177 Our Ref.. 20009861APM
MRS VERA LEIGH CHARITABLE TRUST (registered charity no.- 2748721 CONTENTS OF THE FINANCIAL STATEMENTS for the year ended S April 2025 Item Page Charity Information Trustées, Report Receip15 and Payments Account Statement ol Assets and Liabilities
fvIRS VERA LEIGH CHARITABLE TRUST (registered charity no.: 2748721 LEGAL & ADMINISTRATIVE INFORMATION as at 5 April 2025 GOVERNING INSTRUMENT: The Trust was established on 16 March 1977 by the Will of Mrs Vera Leigh Deceased. CHARITY REGISTRATION NO.. 274872 GURRENT TRUSTEES.. Mr T A Cole and Mf J H INoollcombe PRINCIPAL ADDRESS FOR CORRESPONDENCE.. PerTninglons Manches Cooper LLP Ground Floor North The Bollle Works Guildlord Surrey GU14LP SOLICITORS & ACCOUNTANTS: PenninglDns Manches Cooper LLP Ground Floor North The Bottle Works Guildlord Surrey GU1 4LP INVESTMENT MANAGERS.. Rathbone5 (formerly Investec Wealth and Inveslmenll 2 Gresham Street London EC2V 7QP INDEPENDENT EXAMINERS: Anthony Kelly FCA 2 Woodberry Close Chiddinglold God31ming Surrey GU8 4SF Charity Information Page 3
MRS VERA LEIGH CHARITABLE TRUST (registered charty no.: 2748721 TRUSTEES. ANNUAL REPORT for the year ended 5 April 2025 Specrfic Investment Powers The Trustees, powers illGlude full disGrelionary powers to make grants. They also have full discretionary power to make investments. Appointment of New Trustees The current Trustees have power lo appoint new trustees Objects of the ChaTIty In accordance wlh its governing instrument, lo distribute venue only by way of grants for the benefit of such inslitulionlsl, obiectlsl or purposes as are eharitable wthin the legal meaning of the term as the trustees may in their ab501ute d15cretion select. Future Plans of the Charity Future plans of the Charity are to continue ils grant making a¢livities. Organlsatlonal structure and declslon maklng process of the Charity The Trustees make grants throughout the year after conferring electronically. Of by telephone, or al periodic meetings. Investment policy and the perfomiance achleved agalnst the pollcy The Trust has a diverse equity and fixed interest portfolio managed by Ralhbones Ifomerly lllve5tec Wealth and Investment}, through which il is hoped the portfolio wll outperform the FTSE All Share Index over lime. In the year lo 5 April 2025, the value of the portfolio fell from £1,124,982 10 £1,077,041. a fall of 4.260k 12024". rise o11.180AI. During the same period, the FTSE All Share Index rose by 0.65QA12024'. rise of 3.660AI. Review of the development, actlvities and achlevernents of the Charity dung the year In 2024125 the Trust had net assets of £1,091,491 12024. £1,160,398) and nel outgoing resoLsrces of £21,021 12024. incoming £18,976). In the year, grants tolalling £15,50012024 £20,000) have been paid, in furtherance of the charitys objectives. Regard for public benefrt The Trustees have had due regard lo the guidance published by the Charity Commission on put4ic benefit and lo that end have continued lo make grants lo varied chantsble organisalion5 Within the charity's charitable objects. continued overt1 Trustees Report Page 4
MRS VERA LEIGH CHARITABLE TRUST (registered charty no.: 2748721 TRUSTEES. ANNUAL REPORT for the year ended S April 2025 Grants Paid Appin Community Development Trust Multiple Sclerosis Society Christian Blood Cancer UK Research Thrombosis Research Institute British Heart Foundation Stroke Association Versus Arthritis Cystic Fibrosis Trust Am)y Benevolent Fund Asthma and Lung UK Muscular Dystrophy Group of GB & NI Motor Neurone Disease Association st Stephen Society Friends of Holy Cross Hospital Kings Medical Research Trust Save The Children Glencoe Mountain Rescue 1nternab.onal Team5 UK Pursue Total grants paid durlng ygar 1,000 750 750 750 750 750 750 750 750 500 750 750 750 500 750 750 750 1,000 1,000 1,000 15,500 Reserves Pollcy In accordance with the governing instrument, the Trustees will only make distributions of available Revenue, annotated as 'Unrestricled Fund. in the accourlls. Capital Reserves are Maintained, annotated as 'Endowment Fund, in the accounts. The available venue as at 5 April 2025 is £11,93212024. £9,706) Risk Management The Trust ha5 no operational risk5. Its risks are related lo investment strategy and it guards against those risks by ensuring. wlh advice from ils investment managers, a reasonable diversification on Investments. Cornrnentary on Accounts The Trustees are salislied with the pertorrnance of the TTUSt, the results for the year and the situation at the year£nd. The Accounts comply wth current stalulory requirements and with the Trust Deed. Relationshlp wlth other charltles There Is no relationship Ilh any other general grant making charitable organisations. Signed.. Mr T A Cole, Trustee Date.. Trustees Report Page 5
MRS VERA LEIGH CHARITABLE TRUST (registered charlty no.: 2748721 RECEIPTS AND PAYMENTS ACCOUNT for the year ended 5 April 2025 2025 2024 Endownenl Fund Unre5tncted EndowTnent Fund Fund Unre51ricte¢J Fund Total Funds Total Funds Income Receipts Investment Income Bank Interest Other Interest UK Company Dividend5 Unit Trust Dividends Property Income Distributions FOl9n diwdends 455 9,124 5,481 2,247 455 9,124 5,481 2,247 583 10,887 1D.817 3.327 455 6,748 32,617 583 10,887 10.817 3.327 455 .748 32.817 10,049 27,356 10.049 27.356 Other Receipts Proceed5 frorn Sale of inve5trnents 290,373 290.373 854,826 854,826 Total Recelpts 27,356 290.373 317.729 32,817 854.826 887.643 Direct Charitable Expenditure Grants paid 15,500 15.500 20,OX) 20,000 Other Expenditure Purchase of investments Legal & Professional fees Independent Ex8mine¢s fees Travel expenses Rounding adjustrnent 302,255 11,364 302,2 20.244 750 827,267 10.706 827,267 20,6(kS 750 45 8.880 750 750 45 Totsl Payments 25.130 313,620 338,750 30,694 837,973 868,667 Net recelptsllpaymentsl for year 2,22fj 123,2471 121.0211 2,123 16,853 18,976 Cash and bank balan¢•s at 5 Aprll 2024 9.7( 28,490 38,196 7.583 11,637 19,220 Cash and bank balances at 6 April 2025 11,932 5,243 17,175 9,7( 28.490 38.196 Receipts and Payrnents Account Page 6
MRS VERA LEIGH CHARITABLE TRUST {registerod charity no.: 2748721 STATEMENT OF ASSETS AND LIABILITIES AS AT 5th April 2025 2025 Endowment un$t¢t&d Fund Fund 2024 Endowment Unr8Strlctsd Fund Fund Cash Funds Cash and bank balances". HSBC (Penninglonsl Client Account Investec Deposit Account Invèstec Income Account 11,932 9,706 5.243 28,490 5,243 11,932 28.490 9,706 Liablllties Creditors Due lo Investment Manager 12,7251 12,7801 2.725 2,7801 Investment Assets Investments at cost.. Shares and Secunties at Inveslec Portfolio 1,024,134 82,800 1,009,132 82,800 Market Value of investments 994,241 82,800 1,042,182 82,800 Signed.. Mr T A Cole. Trustee Date.. Statement of Assets and Liabs. Page 7
Independent Exarninerfs Report to the Trustees of Mrs Vera Lei8h Charitable Trust I report on the accounts of the charity for the year ended S April 2025 which are sct out on pa8es 6 and 7. Respective re$ponslbllltles of trustees and examiner The charity's trustees are re5pon5ible for the Preparation of the accounts. The charity's trustee5 consider than an audit is 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 @eneral Directions given by the Charity Commission under section 1451511bl of the 2011 Act,. and state whether particular matters have come to my attention. Basls of independent examiner'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 includes consideration of any unusual items or disclosures in the accounts and 5eekin8 explanation5 from you as trustees concerning any such matters. The procedures undertaken do not provide all ihe evidence that would be required in an audit and consequently no opinion 15 given as to whether the accounts present a "true and fair view" and ihe report is limited to those matters set out in the statement below. Other matters Your attention is drawn to the fact that the charity has prepared the accounts (financial statements) in actordance with Accounting and Reporring by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021, issued in October 2019 in preference to the Accounting and Reporting Charities.. Statement of Recommended Piaetlce issued on l April 2005 which is referred to in the extant reEulations bLLt 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 TeportinB 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 g%ve5 rne reasonable cause to believe that, in ary material respect, the requirements.. al to keep accounting records in accordance with section 130 of the 2011 Act,. and bl 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 nderstanding cf the accounts to be reached. Anthony Kelly FCA Independent Examiner 2 Woodberry Close Chiddingfold God3lming Surrey GU8 4SF Date.. 19 November 2025