2022-04-05-accounts - The Leigh Trust

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Legal and administrative	information
Trustees' report		2-3
Independent auditors'	report	4-6
Statement of financial	activities
Balance sheet
Notes to the financial statements		9-16

Charity number	Charity number	276372
Date of trust		29 March 1976
Trustees		The Hon. D.S.Bernstein
		Caroline Moorehead
		Mr Jonathon Bond
Registered	office	9 Bonhill Street
		London
		EC2A 4DJ
Bankers		Hoare Ik Co
		37 Fleet Street
		London
		E4CP 4DQ
Solicitors		Speechly Bircham	LLP
		6 New Square
		London
		EC4A 3LX
Auditors		Begbies Chartered	Accountants
		9 Bonhill Street
		London
		EC2A 4DJ
Investment	managers	Julius Baer International		Ltd
		1St Martin's Le Grand
		London
		EC1A 1HQ

	FOR	THE YEAR ENDED 5TH APRIL 2022	THE YEAR ENDED 5TH APRIL 2022
		Notes	Unrestricted	Unrestricted
			Fund	Fund
			2022	2021
				E
Income from: Investments			62,300	64,910
Total income			62,300	64,910
Expenditure on:
~Rit t c Investment manager's fees			20t813	14,205
Charitable activities Grants payable			260,014	119,252
~0th Ctt Currency exchange (gains) / losses Audit and accountancy fees Miscellaneous expenses			(11,351) 6,000 942	15,034 5,400 990
Total expenditure			276,418	154,881
Gains / (losses) on	investments		135,766	593,826
Net income / expenditure			(78,352)	503,855
Total funds brought	forwards		3,410,147	2,906,292
Total funds carried	forwards		3,331,795	3,410,147

FOR THE YEAR ENDED STH APRIL 2022
Accounting policies
Accounting convention The accounts have been prepared in accordance with applicable accounting standards under the historical cost convention, modified to include the revaluation of listed investments to fair value. In preparing the accounts the charity has followed best
practice as set out in the Accounting and Reporting by Charities: Statement of Recommended Practice Applicable to Charities preparing their accounts in accordance
with the Financial Reporting Standard for applicable in the UK and Republic of ireland
(FRS102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis as the trustees believe
the charity's susbstantial reserves means that no material uncertainties exist regarding
the charity's ability to continue as a going concern.
The financial statements are prepared in sterling and rounded to the nearest E.
The charity constitutes a public benefit entity as defined by FRS 102.
Cash Flow The Fund qualifies as a small charity under the terms of the Charities Act 2011, As a
consequence it is exempt from the requirement to publish a cash flow statement.
Income
Income from listed investments is accounted for by reference to the date on which
distributions are receivable. Interest is accounted for on an accruals basis.
Expenditure Expenditure is accounted for on an accruals basis, Grants are accounted for when the trustees have agreed to pay the grant without condition or any conditions attached to
the grant are not in control ofthe trustees.
Investments
Investments are included in the accounts at market value at the end of the financial year
less a provision for any permanent diminution in value. Realised and unrealised gains and losses are credited or debited to the statement of financial activities in the year in
which they arise.
Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date ofthe transactions. All differences are taken
to the SOFA.
Page 10

Taxation The trust is taxation.	a registered charity under t	he Charities Act 2011and is not sub	ject to
Investment	income	2022 E	2021 6
Equities		62,300 62,300	64,910 64,910

Grantspayable
	2022		2021
	Number	E	Number	E
Drug and Alcohol Rehab Asylum Seekers 8 Refugees Criminal Justice / Youth at risk Other	11 18 61 14	37,000 36,000 108,093 78921	6 19 23 5	25,500 33,500 46,331 13,921
	104	260,014	53	119252

Investments
		2022	2021
		E	E
Market value at 6th April 2021		3 205 137	2,704,360
Additions at cost		425,874	2,082,857
Disposals at carrying value Net gain/(loss) on revaluation	at 5th April 2022	(647,095) 84,592	(1,826,554) 244,474
Market value at 5th April 2022		3,068,508	3,205237
Historic cost at 5th April 2022		2,777,467	2,965,095

	2021 or	5th April 2	022
								2022		2021
								f		E
	Treasury	Stock 0.125%		2026				156,626
								156,626
7	Gains /	(losses) on	investments
						2022			f	2021 f
	Disposal Original	proceeds purchase	cost			613,502	698,269		2,065,679 2,175,906
	Unrealised gain/(losses)				to date	33,593			(239,125)
							(647,095)			(1,826,5541
	Realised	gains/(tosses)		for year			51,174			349,352
	Unrealised gains/(losses)				for year		84,592 135,766			244,474 593,826

8	Reconciliation in movements	Reconciliation in movements	Reconciliation in movements	in unrealised	in unrealised	gains / (losses)	gains / (losses)
							2022	2021
							E	f
	Unrealised gains at 6th April			2020			240,042	(243,557)
	Unrealised (gains)/losses		crystallised		on disposals		(33,593)	239,125
	Net gains on revaluation		at 5th April		2021		84,592	244,474
							291,041	240,042
9	Creditors: amounts	falling due within one				year
							2022	2021
							E	E
	Accrued accountancy and		audit				10,320	10I320
							10,320	57,820
10	Grant Commitments
							2022	2021
							E	f
	At 6th April 2021							11,000
	Grants paid in year							(11,000)
	Grants written off in year
	Charged to SOFA in	year
	At 5th April 2022

Grants agreed during	the year	Charity no	2022		2021
			E	E	E	E
Drug and Alcoholic Rehab
Adapt		1182087	5,000
Brynawel House		1113952			5,000
Faithwork Wessex		1108714	3,000
Hebron Trust		1020095			5,000
The Keys Project		1154263	3,000		3,000
MYPAS		1161284	1,000
Pathways for All People		1154530	3,000
The Matthew Project		1122801			5,000
New Note Orchestra		1161284	2,500		2,500
Recovery Cymru		1154530	5,000
Spitalfields Crypt Trust		1075947	5,000
Surrey Drug and Alcohol Care		1151494	1,500
The Amber Foundation		1051388	5,000
Tower Hamlets Mission		1154842	3,000		5,000
				37,000		25,500
Asylum Seekers &Refugees
Access		1186714	1,000
Action for Refugees	in Lewisham	1116344	2,000
Article I		1124746			4,000
Asylum Welcome		1092265			4,000
BACA Charity		1124569			2,000
Birbeck College		RC00048			2,000
Boaz Trust		1110344	1,500		1,000
Citizens Advice South Lines		9935120	2,000
Coventry Refugee Migrant Centre		1090123	1,000
Entraide UK		1142919	2,000
Groundworks London		291558	2,000
Hear Me Out Music		1119049	3,000
Helen Bamber Foundation		1149652	4,000		4,000
Home Start UK		1108837	1,000
Hope For The Young Islington Centre for	Refugees	1127017 1135205			2,500 3,000
8 Migrants
Migrants Organise		1077116	2,000		2,000
Migrateful		1180110	3,000

FOR THE YEAR ENDED STH APRIL 2022
Grants agreed during the year Charity no 2022 f	f	2021 E	f
Asylum Seekers Ik Refugees (conitnuedj Morton Hall Detainee Visitor 1174085		1,500
Centre Music in Detention New Vic Theatre Pecan Refugee 8 Migrant Centre Refugee Info Bus Seperated Child Foundation Shropshire Supports Refugees The Destitution Project Together Now Waterloo Comm Counselling Women's Health Matters 1119049 253242 2,000 801819 1104779 2,000 1168538 1120669 1,500 1196673 1,000 1109703 11183639 3,000 1045444 1000 2048788 1,000	36,000	1,500 2,000 2,000 1,000	32,300
Criminal justice / Young offe 2MakelT All Saints Youth Projects Aspire Oxfordshire Back On Track Bang Edutainment Barnabus Manchester Bede House Association Bentley Beginnings Bethany Christian Trust Birmingham Centre for Arts Brighton Oasis project Bristol Childrens Help Society CHESS Homeless Chapter 2 Children Ahead Climbing Out Clapton Common Boys Communigrow Criminon UK Derventio Charitable Trust Ditch The Label Eastside Community Trust Eating Matters nders and Youth 1157740 1136158 1117726 1169764 1086541 1055993 303199 1081484 SC003783 1051570 269167 1092921 1093901 1177011 1138140 1145023 802717 1159534 1098120 1142979 1156329 1081691 1003974 at Risk 2,000 1,000 1,000 1,000 1,000 1,000 3,000 1,000 2,000 1,000 1,000 1,000 2,000 1,000 1,000 3,403 2,000 1,000 1,000 1,500		1,000 1,000 2,000 3,000 1,000 2 731

Grants agreed during the	year		Charity no	2022 E	2021 E
Criminal justice / Young	offen	ders (contlnuedj
ENYP			1089474	1,000
Families Outside			SC025366	1,000
Finding Rhythms Fine Cell Work			1151872 1049095	1,500 5,000
Get Set Girls Give a Book			1089566 1149664	2,000 2,500	7,500
Grove Adventure Playground			1124802	1,000
Halow Birmingham			1150445	1,000
Home Link Family Support			SC001360	2,000
Hope, Housing, Training			1133284	1,000
gr Support Key4Life Kids N Action Kids Out UK			1152426 1096182 1075789	1,000	3,000 2,500
Kids Space Kingswood Trust Kol Boniach			1175338 1149688 1147599	2,500 2,087 1,000
Lending Hope Live Unlimited Loughborough Junction	Action		1179132 1176418 1150852	3,500 2,500	1,000
Group The Koestler Trust			1105759		1,000
Linden Church Trust			1053050	2,000
Music Relief NACOA Narthex Sparkhill			1100358 1009143 1100358	2,500 2,000	1,000 1,000
NEPACs The No Way Trust North London Hill Club Oarsome Chance			1088051 1049059 1191936 1167787	1,000 1,000 2,500	2,000 2,500
Open Door Exmouth Pennywell Youth Project Police Community Club of GB			1094599 1143789 1079612	1,000 1,000	500
Power House Community			1107472	2,500
Prevent 2 Protect			1188884	1,000
Prisoners Abroad			1093710	7,500
Prodigal Arts Resolve West Safe Families			1169287 1000641 1150405	1,000 1,000	1,000
Sapphire Community	Trust		1196142	2,000
			Page 16

FOR TI-IE YEAR ENDED STH	FOR TI-IE YEAR ENDED STH	FOR TI-IE YEAR ENDED STH	FOR TI-IE YEAR ENDED STH	APRIL 2022
Grants agreed during	the year		Charity no	2022			2021
				E		E		E
Criminal justice / Young		offenders	(continued)
St Edmonds Society			1157532	1,000
Stonebridge City Farm			1125245			2,000
Sudden Productions			1018887	1,000
Healthy Livings Project			1087256	2,000
Tall Ships Youth Trust			314229	2,000		2,100
The Gifted Organisation			1151327	1,000
The Kingswood Trust			1149688			2,000
The New Bridge Foundation			1103511	2,000		2,000
The RAW Workshop			1014416	1,000
The Tavistock 8 Portman		Charity	1191405	2,603
The Upper Room			1174700	2,000
The Venture Trust			285891			2,500
Total Insight Theatre			1184076	1,000
Voices From Care			1108430			1,000
Volunteering Matters			291222	2,000		2,000
Wellspring Counselling			1042995	1,000
Wycombe Youth Action			287035	1,000
Youth On The Move			1171778	1,000
					108,093			47,331
Other
African Prisons Project			1121764			1,000
Arts At The Old Fire Station			1140525	2,921		2,921
Anthony Matsena						1,500
Cardinal Hume Centre			1090836			1,000
Centre for Social Justice				10,000
Disasters Emergency	Committee		1062638	25,000
CRESS UK			1141343	1,000
Glyndebourne			243877	10,000
Hazara Charitable Trust			1100194	5,000
ITSchools Africa			1146157	2,000
La Nuova Musica			1144998	10,000		7,500
Medical Aid for Palestinians			1045315	10,000
Tibet Watch			1114404	3,000
					78,921			13,921
					260.014			119,252