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2025-04-05-accounts

Charity no. 275372

THE LEIGH TRUST

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

THE LEIGH TRUST

CONTENTS

Legal and administrative information 1
Trustees' report 2 - 3
Independent examiners' report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7-18

THE LEIGH TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Charity number 275372 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 & Co 37 Fleet Street London E4CP 4DQ Solicitors Charles Russell Speechlys 5 Fleet Pl London EC4M 7RD Auditors Begbies Chartered Accountants 9 Bonhill Street London EC2A 4DJ Investment managers Julius Baer International Ltd 1 St Martin's Le Grand London EC1A 1HQ

Page 1

THE LEIGH TRUST

ANNUAL REPORT FOR THE TRUSTEES

FOR THE YEAR ENDED 5TH APRIL 2025

The trustees present their report and accounts for the year ended 5th April 2025.

Structure, governance and management

The trust was created by a deed dated 29 March 1976 as a trust exclusively for charitable purposes, 'charitable' meaning charitable according to English law. The trust was registered with the Charity Commission on 7 April 1978 (charity registration no. 275372). Trustees are appointed in accordance with the deed.

Risk management

The trustees minimise investment risk through the use of professional investment advisors and the maintenance of a diverse portfolio. General operating risk is minimised through the regular review of the trust's activities and procedures.

Objectives and activities

The trustees review the trust's areas of interest on a regular basis. Currently the trust provides support to organisations working in the field of drug and alcohol rehabilitation, criminal justice, asylum seekers and youth at risk.

Organisations applying for grants must provide their most recent audited accounts, a registered charity number and most importantly: a cash flow statement for the next twelve months. Similarly all organisations to whom conditional commitments have been made must submit their annual report and accounts each year until these commitments have been fulfilled. The policy of the trustees is to support those organisations which they believe to be in greatest need. The trustees can only respond favourably to very few applicants.

Achievements and performance

119 grants were made during the year and these are listed in note 12.

Financial review and reserves policy

Investment income for the year was steady at £73k (2024: £73k), while the market value of the investments held by the trust decreased from £2,805k to £2,507k due to sales of investments exceeding new purchases. Profits on sale and revaluation of £73k were credited to the Statement of Financial Activities (2024 profits: £186k). The investment profits are consistent with the overall performance of the market. The trustees are satisfied with the current investment policy and confirm that sufficient reserves are available for future grants.

Page 2

THE LEIGH TRUST ANNUAL REPORT FOR THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2025 Statement ol tru5tees' responsibilities Law applicèble to ch8rities in England and Wale5 requires the trustees to p￿pare financial statements lor each financial year which give è true and fair wew of the trust's financial activities during the year and of it's fin3ncial position at the end of the year, In prep&ring those financial statements. the trustees are required to.. select suitable accounting policies and then apply them con515tently,' rnake judgements and estimates that are reèsonable and prudent,. state whether applicable accounting standards 3nd statements ol recomrnended practlce have been followed subject to any departures disclosed and explained in the financial statements.. prepare the financial statements on the going concern basis unless it is inappropriate to assume that the trust will continue in operation. The trustee5 are responsible for keeping accounting records which disclose with reasonable accurary at any time the financial position of the trust and enable them io ensure that the financi31 statements comply with the Charities Acr 2011. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustee5 confirm that they have complied with their duty in Section 17 01 the Charitie5 Act 2011 to have due regard to the Charity Commission's Eeneral guidance on public benefit. The report was approved by the trustees on......... behalf by and signed on their The Hon D. S. Bernste Page 3

THE LEIGH TRUST

ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025

INDEPENDENT EXAMINER REPORT

I report on the accounts of The Leigh Trust for the year ended 5th April 2025, which are set out on pages 5 to 16.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Andrew Brooker FCA Begbies Chartered Accountants 9 Bonhill Street London EC2A 4DJ

11th December 2025

Page 4

THE LEIGH TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 5TH APRIL 2025

Notes Unrestricted Unrestricted Unrestricted Unrestricted
Fund Fund
2025 2024
£ £
Income from:
Investments 3 72,783 73,171
Interest 376 198
Total Income 73,159 73,369
Expenditure on:
Raising funds
Investment manager's fees 17,009 17,315
Charitable activities
Grants payable 4 319,496 328,000
Other expenditure
Examiner and accountancy fees 7,200 6,900
Miscellaneous expenses 674 704
Currency exchange (gains)/ losses 3,441 345
Total expenditure 347,820 353,264
Gains / (losses) on investments 72,274 187,899
Net income/ expenditure (202,387) (91,996)
Total funds brought forwards 2,797,981 2,889,977
Total funds carried forwards 2,595,594 2,797,981

All amounts derive from continuing activities.

All gains and losses recognised in the year are included in the Statement of Financial Activities.

Page 5

THE LEIGH YRUST BALANCE SHEET AS AT 5TH APRIL 2025 2025 2024 Fixed A$5ets Investments Cash held for investment purposes 2,507,415 19,206 2,526,621 2,804.863 12.8491 2,802,014 Current assets Cash at bank 195,970 16.288 Current Ilabllltles 9 1126,9961 120,3201 Net current assets 68,974 14,0321 Non ¢urrent liabilities io Net assets 2.595,594 2,797.981 Funds Unrestricted funds 2.595.594 2,797,981 The financla tatement5 were approved by the trustees on..,.. The Hon. D. S. Bernstel Trustee Page 6

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

1. Accounting policies

1.1 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 (FRS 102), 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 substantial 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 £.

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.

1.2

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.

1.3

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 when any conditions attached to the grant are not in control of the trustees.

1.4 Investments

Investments are included in the accounts at market value at the end of the financial year. Realised and unrealised gains and losses are credited or debited to the statement of financial activities in the year in which they arise.

1.5 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 of the transactions. All differences are taken to the SOFA.

Page 7

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

1.6 Financial instruments

Aside from the accounting policy in respect of listed investments (see 1.4 above), the only financial instruments typically held by the charity are cash at bank or other basic financial instruments such as debtors and creditors receivable or payable in less than one year, which are carried at transaction price subject to provision for impairment.

2 Taxation
The trust is a registered charity under the Charities Act 2011 and is not subject to taxation.
3 Investment income 2025 2024
From investment portfolio 72,783 73,171
Deposit interest 376 198
73,159 73,369
4 Grants Payable
2025 2024
Number £ Number £
Drug and Alcohol Rehab 16 54,876 14 55,000
Asylum Seekers & Refugees 24 51,000 22 54,500
Criminal Justice / Youth at risk 75 185,620 69 171,500
Other 4 28,000 16 47,000
119 319,496 121 328,000

Details of grants paid to institutions are listed in note 13.

5 Trustees' remuneration

No trustee received any remuneration or was reimbursed any expenditure in respect of his or her duties during the year (2024 - nil).

Page 8

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

6 Investments

Investments
2025 2024
£ £
Market value at 6th April 2024 2,804,863 2,882,798
Additions at cost 729,125 754,953
Disposals at carrying value (1,123,813) (978,315)
Net gain/(loss) on revaluation at 5th April 2025 97,240 145,427
Market value at 5th April 2025 2,507,415 2,804,863
Historic cost at 5th April 2025 2,246,994 2,560,124
All of the above investments are held within a managed portfolio and carried at fair value. All equity
investments are in respect of listed investments. The composition of the investment portfolio is as
follows:
2025 2024
£ £
Cash and short term investments 139,283 202,916
Bonds and similar positions 871,566 942,627
Equities and similar positions 1,386,378 1,596,287
Other alternative 110,187 63,033
2,507,415 2,804,863

The following investments represented more than 5% of the portfolio at market value at 5th April 2024 or 5th April 2025

Ishares GBP Corp Bond UCITS ETF
Blackrock STERLING Liquidity
2025
£
164,560
139,283
303,843
2024
£
152,695
202,916
355,611

Page 9

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

7 Gains / (losses) on investments

7 Gains / (losses) on investments
2025 2024
£ £ £ £
Disposal proceeds 1,098,847 1,020,787
Original purchase cost 1,040,412 984,888
Unrealised gain/(losses) to date 83,401 (6,573)
(1,123,813) (978,315)
Realised gains/(losses) for year (24,966) 42,472
Unrealised gains/(losses) for year 97,240 145,427
72,274 187,899
8 Reconciliation in movements in unrealised gains / (losses)
2025 2024
£ £
Unrealised gains at 6th April 2024 246,582 94,582
Unrealised (gains)/losses crystallised on disposals (83,401) 6,573
Net gains on revaluation at 5th April 2025 97,240 145,427
260,421 246,582
9 Creditors: amounts falling due within one year
2025 2024
£ £
Committed grants 123,876 10,000
Accrued accountancy and audit 3,120 10,320
126,996 20,320
10 Creditors: amounts falling due after one year
2025 2024
£ £
Committed grants 0 0
0 0
11 Grant Commitments
2025 2024
£ £
At 6th April 2024 10,000 20,000
Charged to SOFA in year 123,876
Grants paid in year (10,000) (10,000)
At 5th April 2025 123,876 10,000

Page 10

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

12 Related party transactions

During the year the trustees made a grant of £5,000 (2024: £0) to The Forward Trust. The Hon David Bernstein was a trustee of this charity.

Page 11

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

13 Grants agreed during the year Charity no 2025 2024
£ £ £ £
Drug and Alcoholic Rehab
Adapt 1182087 5,000
Broadway Lodge 269167 5,000
Faithwork Wessex 1108714 3,000
Gifted Women 1195795 3,000
Hawkspring 1120320 3,000
Hebron Trust 1020095 5,000
Hope, Housing, Training 1133284 1,000
& Support
Hope + Vision Communities 1191323 5,000 5,000
Kairos Women Working Together 1136695 5,000
NACOA 1009143 3,000
Nehemiah Project 1058536 3,000
New Note Strummers 1161284 2,500 2,500
Outside Edge Theatre 1080948 5,000
Pathways For All People 1146161 2,876 3,000
SMART CJS 1069087 2,000
Spitalfields Crypt Trust 1075947 5,000
Steps To Active Recovery 1191725 4,000
Surrey Drug and Alcohol Care 1151494 2,000 2,000
The Amber Foundation 1051388 5,000 5,000
The Keys Project 1154263 4,500 4,000
The Living Room 1080634 2,500
Tower Hamlets Mission 1154842 5,000
Treasures Foundation 1131292 5,000
Wallich Clifford Community 1004103 2,000
54,876 55,000

Page 12

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

13 Grants agreed during the year (cont.) Charity no 2025 2024
Asylum Seekers & Refugees £ £ £ £
Abigail Housing 1120729 1,500
Assist Sheffield 1154862 2,000
Asylum Welcome 1056672 4,000
BEACON 1149646 3,000
Bristol Refugee Rights 1126646 1,500
Boaz Trust 1110344 3,000
Breaking Barriers 1161901 2,500
Cardinal Hume Centre 1090836 2,000 2,000
Children and Families Across Borders 1085541 2,000
Doctors of the World 1067406 2,000 2,000
English For Action London 1133268 2,000
Enthum Foundation 1135493 3,000
Hackney Migrant Centre 1122363 2,500
Hear Me Out Music 1119049 3,000 3,000
Helen Bamber Foundation 1149652 4,000 4,000
Islington Centre for Refugees & Migrants 1135205 3,000 2,000
Learn English at Home 1153425 2,500
Migrants Organise 1077116 2,000 3,000
Plymouth Music Zone 1100878 2,000
Rainbow Migration 1158228 2,500 3,000
Refugee & Migrant Centre 1104779 2,000 2,000
Refugee Radio 1133554 2,000
Seperated Child Foundation 1120669 2,000 2,000
St Mungo's 1149085 3,000
START 1108113 3,000 2,500
The Haven Wolverhampton 1065427 1,500
The Mustard Tree 1135192 2,500 2,500
Upbeat Communities 1162856 2,000 1,500
Waterloo Comm Counselling 1045444 1,000 1,000
Welcome Churches 1177344 1,000 1,500
Women’s Health Matters 1048788 1,500
Young Roots 1139685 2,000
51,000 54,500

Page 13

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

13 Grants agreed during the year Charity no 2025 2024
£ £ £ £
Criminal justice / Young offenders and Youth at Risk
2MakeIT 1157740 2,500
A Spark In the Dark 1199465 1,000 1,000
All Saints Youth Projects 1136158 1,000 1,500
Aspire Oxfordshire 1117726 1,000 2,000
Bede House Association 303199 2,500
Bendrigg Alternative 1074546 2,000
Bentley Beginnings 1081484 1,500 1,500
Bethany Christian Trust 1171231 3,000 5,000
Boxing Futures LTD 1162086 2,000
Boys and Girls Clubs South Yorkshire 1143471 1,000
Camp Aguda 2,000
Carney's Community 1150650 2,500
CASSPLUS 1160513 1,000
CHESS Homeless 1093901 1,000
Children Ahead 1138140 2,000 2,000
Clement James Centre 1009253 2,000
Clapton Common Boys 802717 2,000
Communigrow 1159534 1,000
Coventry Boys and Girls Club 1062220 2,000
Create Arts LTD 1099733 4,000 3,500
Cruse Bereavement Support 208078 2,000
Curiosity Collective SC043974 1,000
Dean & Cauvin Young People’s Trust SC013890 1,000 1,000
Derby Toc H Children’s Camp 223219 2,000
Ditch The Label 1156329 2,000
Eastside Community Trust 1081691 1,500 1,500
Eating Matters 1003974 1,500
Emerge UK 1152146 2,000
Ezer Leyoldos Limited 1132971 1,000
FACET CIO 1195254 2,000
Families Outside SC025366 2,500 2,000
Fet-Lor Youth Club SC013866 1,000
Fife Young Carers SC047519 1,000 1,000

Page 14

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

14 Grants agreed during the year (cont.) Charity no 2025 2024
£ £ £ £
Criminal justice / Young offenders and Youth at Risk (continued)
Finding Rhythms 1151872 1,500 1,500
Fine Cell Work 1049095 5,000
Framlingham Area Youth Action 1200241 1,000
Partnership
Get Set Girls 1089566 1,500
Give a Book 1149664 5,000 5,000
Go Beyond 1080953 2,000
Grove Adventure Playground 1124802 1,250
Healthy Livings Project 1087256 2,000
Home Link Family Support SC001360 1,000
Hope for the Young 1127017 3,000 5,000
Hull and East Yorkshire Children's 1124329 2,000
University
Inspire a Teen 1199975 1,000
IT Schools Africa (ITSA Digital Trust) 1146157 2,000 2,000
Jack Winter ‘Leg Up’ Fund (Key4Life) 1152426 3,000
Kids N Action 1096182 3,000
Kids Space 1175338 2,000
Kingswood Trust 1147599 2,370
Life Education Wessex and Thames Valley 1071094 2,000 2,000
Light Up Learning SC045701 1,000 1,000
Lung Productions CIO 1187346 2,250
Maths On Toast 1151486 2,000
MYCOS SC028306 1,000
Narthex Sparkhill 1100358 2,000
National Aids Trust 297977 2,500
Oarsome Chance 1167787 2,500
One Small Thing 1180782 7,500 7,500
Open Door Exmouth 1094599 1,500 1,500
Open Door Society 1189664 2,000
Ormiston Families 1015716 4,000 3,000
Pallion Action Group 1064481 1,000
PEP in UK Prisons 2,000

Page 15

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

14 Grants agreed during the year (cont.) Charity no 2025 2024
£ £ £ £
Criminal justice / Young offenders and Youth at Risk (continued)
Prevent 2 Protect 1188884 1,000 1,000
Prison Advice and Care Trust 219278 4,000 3,000
Prison Radio Association 1114760 5,000 5,000
Prisoners Abroad 1093710 5,000
Prisoners Advice Service 1054495 3,000 2,000
Prisoners Education Trust 1084718 3,000
Prisoners of Conscience 213766 5,000
Prodigal Arts 1169287 1,500
RAW Workshop 1014416 2,000 2,000
Regenerate 1191234
Resolve Now 1189333 3,000 3,000
Safe Families 1150405 1,500
Seeds4Success 1193737 5,000 5,000
Seventh Heaven 1201946 1,000
Shannon Trust 1117249 5,000 5,000
South West Community Chaplaincy 1128372 2,000
Sparks of Success 1193418 2,000
St Edmunds Society 1157532 1,000 1,000
St Giles Trust 801355 2,500
Standout Programme 1177813 3,000 5,000
Step One Charity 235434 3,000
Success Club CIO 1180864 2,500
Sudden Productions 1018887 2,500
Sunbeams London LTD 1158753 2,000 1,500
Tall Ships Youth Trust 314229 3,000 3,000
The ClementJames Centre 1009253 2,000
The Forgiveness Project 1103922 5,000
The Forward Trust 1001701 5,000
The House on the Corner Community Projec 1107670 1,000
The Irene Taylor Trust 1073105 5,000
The Mustard Tree Foundation 1104631 1,000
The New Bridge Foundation 1103511 2,750
The No Way Trust 1049059 3,000

Page 16

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

14 Grants agreed during the year (cont.) Charity no 2025 2024
£ £ £ £
Criminal justice / Young offenders and Youth at Risk (continued)
The Upper Room 1004354 3,000 3,000
The SOFA Project 287088 2,000
The Super Power Agency SC046550 2,500
The Wheels Project 1081236 2,500
The House On the Corner Community 1107670 1,000
Project Limited
Total Insight Theatre 1184076 1,000 1,000
Trailblazers 1074453 2,000
Treasured Moments 1193854 2,000
Upcycle 1136858 2,000 2,000
Venture Trust 285891 2,500 2,500
Volunteer Centre Kensington & Chelsea 1076392 2,500
Volunteering Matters 291222 2,000 2,000
Wellspring Counselling 1042995 2,000 1,000
White Gold Cornwall Foundation 1169622 1,000
Women's Health Matters 1048788 1,000
Wycombe Youth Action 287035 1,000
Yes Outdoors 1144916 1,000
Young People Taking Action 1102645 2,000 1,000
Youth on the Move 1171778 1,000 1,000
185,620 171,500

Page 17

THE LEIGH TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

13 Grants agreed during the year Charity no 2025 2024
£ £ £ £
Other
Arts At The Old Fire Station 1140525 3,000 3,000
Foundling Museum 1071167 5,000
Matthew Barley Arts Foundation 1202012 4,000
Medical Aid for Palestinians 1045315 15,000 30,000
Paines Plough Limited 267523 5,000
Power Play Theatre 11361707 5,000
University of Oxford 5,000
28,000 47,000
319,496 328,000

Page 18