CORNWALL LEUKAEMIA TRUST
ANNUAL REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2025
|
Page |
| Trustees' Annual Report |
2 - 4 |
| Independent Examiner's Report |
5 |
| Statement of Financial Activities |
6 |
| Balance Sheet |
7 |
| Notes to the Accounts |
8 - 10 |
| ofessional advisors: |
|
| Bankers |
Lloyds Bank plc |
| Investment managers |
Brewin Dolphin |
| Accountants |
Francis Clark LLP Chartered Accountants |
| Independent examiner |
Mr A J Fry |
|
Unrestricted |
funds |
|
2025 |
2024 |
|
£ |
£ |
| Income from: |
|
|
| Donations |
14,583 |
21,425 |
| Gift Aid |
(409) |
(657) |
| Investment income |
17,782 |
21,056 |
| Total |
31,956 |
41,824 |
| Expenditure on: |
|
|
| Charitable activities |
|
|
| Patient grants |
93,805 |
61,642 |
| NHS administration expenses |
2,876 |
577 |
| Professional charges |
11,376 |
12,063 |
| Salary contribution |
|
9,994 |
| Sundry |
|
458 |
| Honorarium |
1,000 |
1,250 |
| Training and tuition fees |
|
6,255 |
| Total |
109,057 |
92,239 |
| Net (expenditure) |
(77,101) |
(50,415) |
| Other recognised gains and losses |
|
|
| Unrealised and realised gains |
|
|
| on investment assets |
62,682 |
52,839 |
| Net movement in funds |
(14,419) |
2.424 |
| Fund balance brought forward at 1 January 2025 |
828,522 |
826,098 |
| Fund balance carried forward at 31 December 2025 |
814,103 |
828,522 |
|
|
|
2025 |
|
2024 |
|
Note |
|
|
|
|
| Fixed assets: |
|
|
|
|
|
| Investments |
2 |
|
789,086 |
|
797,069 |
|
|
|
789,086 |
|
797,069 |
| Current assets |
|
|
|
|
|
| Debtors and prepayments |
|
3,503 |
|
4,658 |
|
Monies held with investment managers
Cash at bank and in hand |
|
7,695
20,539 |
|
16,206
17,167 |
|
|
|
31,737 |
|
38,031 |
|
| Current liabilities |
|
|
|
|
|
| Creditors and accruals |
3 |
(6,720) |
|
(6,578) |
|
| Net current assets |
|
|
25,017 |
|
31,453 |
| Total assets less current liabilities |
|
|
814,103 |
|
828,522 |
|
|
|
|
|
====== |
| Funds |
|
|
|
|
|
| Unrestricted |
|
|
814,103 |
|
828,522 |
|
|
|
|
|
====== |
| INVESTMENTS |
|
|
Listed Investments |
|
£ |
| Market value at 1 January 2025 |
797,069 |
| Additions at cost |
204,878 |
| Disposal proceeds |
(275,543) |
| Unrealised and realised gain on revaluation and disposal |
62,682 |
| Market value at 31 December 2025 |
789,086 |
| The individual market values of the investments were: |
|
|
|
2025 |
2024 |
|
£ |
£ |
| Alcon AG |
11,282 |
- |
| Allianz Global |
- |
10,732 |
| Alphabet Inc |
10,704 |
11,332 |
| Amazon |
13,042 |
13,309 |
| Artemis US |
- |
24,166 |
| Baillie Gifford Japan |
13,260 |
12,029 |
| Barclays |
14,302 |
- |
| Berkshire Hathaway |
14,200 |
18,452 |
| BFNI United Kingdom BDS |
- |
10,030 |
| BFNI United Kingdom Gilt |
15,352 |
15,421 |
| BNY Mellon Hinc |
17,476 |
15,428 |
| BNY Mellon Inv Funds Asian inc |
14,560 |
- |
| BNY Mellon Fund Managers Gilt (previously Insight Inv. UK Gov) |
10,790 |
10,587 |
| Brown & Brown |
- |
11,482 |
| Colchester GLB BND |
17,434 |
12,089 |
| Diageo |
- |
11,875 |
| Dodge & Cox |
24,012 |
23,330 |
| Experian |
10,459 |
15,158 |
| Fastenal Corn |
- |
16,243 |
| Fidelity Inv Funds Pacific ex Japan |
- |
10,800 |
| Fidelity Inv Svc |
- |
11,214 |
| Fidelity UCITS ICAV |
26,180 |
24,547 |
| Findlay Park |
- |
20,872 |
| First Sentier |
17,714 |
13,554 |
| Fundsmith Equity |
- |
16,861 |
| Glaxosmithkline |
16,202 |
11,957 |
| Inditex |
- |
10,832 |
| Institutional Cash Series Sterling |
15,000 |
- |
| Intercontinental Exchange Inc |
11,078 |
10,942 |
| Invesco Far Eastern Inv |
21,745 |
13,077 |
| Invesco Markets NASDAQ |
27,714 |
24,924 |
| Shares II PLC USD Treasury 7-10yr |
12,575 |
|
| Janus Henderson |
17,951 |
20,142 |
| JP Morgan Fund ICVC Macro |
- |
11,667 |
| JP Morgan US Equity Income |
25,995 |
24,739 |
| Legal and General |
10,109 |
|
| Man International |
- |
13,359 |
| MI Select Managers Bond |
30,003 |
|
| Microsoft |
10,786 |
10,093 |
| Muzinich Funds |
12,228 |
11,975 |
| National Grid |
16,654 |
13,860 |
| Ninety-One Managers Diversified Income |
10,391 |
10,135 |
| Physical Gold Index tracker |
27,719 |
22,172 |
| PIMCO Global |
- |
15,454 |
| Relx PLC |
- |
14,262 |
| Rio Tinto |
13,247 |
10,438 |
| Royal Dutch Shell |
13,344 |
12,058 |
| Schroder (FDRE) Unit Trust |
12,097 |
|
| SSGA |
18,144 |
18,347 |
| ThermoFisher |
11,631 |
11,211 |
| TR Property |
- |
12,250 |
| Twenty -Four Global |
- |
16,243 |
| Unilever |
10,205 |
10,779 |
| Vanguard Funds PLC S&P 500 |
35,508 |
|
| VISA Inc Corn Stk USD |
10,429 |
|
Xtrackers
II GBL INFT LKD BD |
10,843 |
|
| Others less than £10,000 |
156,721 |
136,642 |
|
789,086 |
797,069 |
| CREDITORS |
|
|
|
2025 |
2024 |
|
£ |
£ |
| Accruals |
6,720 |
6,578 |
|
6,720 |
6,578 |