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|Trustees||Ms CEBarman|||||
|---|---|---|---|---|---|---|
|||Mr A Faux|||||
|||Mr G Goldkorn|||||
|||Mr AM Sorkin|||||
|||Mrs A Sorkin|||||
|||Mr JSorkin|||||
|||Mr 8Goldkorn|||||
|Administrator||Ms N Shoffman|||||
|Charity number||288293|||||
|Principal address||The Kennedy<br>Leigh||Charitable||Trust office|
|||853 Finchley Road|||||
|||London|||||
|||United<br>Kingdom|||||
|||NW11 BLX|||||
|Auditor||Grunberg<br>gr Co Limited|||||
|||5Technology<br>Park|||||
|||Colindeep<br>Lane|||||
|||Colindale|||||
|||London|||||
|||United Kingdom|||||
|||NW9 68X|||||
|Bankers||SG Kleinwort<br>Hambros|||Bank|Limited|
|||8StJames Square|||||
|||London|||||
|||SW1Y4JU|||||
|Sogcitors||Goldkorns<br>Solicitors|||||
|||25Southampton|Buildings||||
|||London|||||
|||WC2A 1AL|||||
|Investment|advisors|Schroder 8 Co Ltd|||||
|||12Moorgate|||||
|||London|||||
|||ECZR 6DA|||||
|||Veritas Investment||Management|||
|||90Long Acre|||||
|||London|||||
|||WC2E 9RA|||||
|||Sarasin and Partners|||||
|||100St Paul's Churchyard|||||
|||London|||||
|||EC4M BBU|||||





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|||Page|
|---|---|---|
|Trustees' report||1-6|
|Statement ofTrustees'|responsibilities||
|Independent<br>auditor's|report|8-10|
|Statement offinancial|activities||
|Statement offinancial|position|12|
|Notes to the financial|statements|13-22|





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|||||Unrestricted|Unrestricted|Total|Unrestricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||general|designated||general|designated||
||||||funds|||funds||
|||||2022|2022|2022|2021|2021|2021|
||||Notes|f|f||f|f||
|Income from:||||||||||
|investments||||482,553||482,553|502,521||502,521|
|4||||||||||
|Raising funds|||4|39,814||39,814|57,740||57,740|
|Charitable<br>activities|||5|374,512||374,512|577,614||577,614|
|Total expenditure||||414,326||414,326|635,354||635,354|
|Net gains/(losses)||on||||||||
|investments|||10|1,096,335||1,096,335|2,727,714||2,727,714|
|Net incoming|resources before|||||||||
|transfers||||1,164,562||1,164,562|2,594,881||2,594,881|
|Gross transfers|between|||||||||
|funds||||(135,150)|135,150||1,140,387|(1,140,387)||
|Net movement|in|funds||1,029,412|135,150|1,164,562|3,735,268|(1,140,387)|2,594,881|
|Fund balances|at|1April 2021||23,998,590|281,600|24,280,190|20,263,322|1,421,987|21,685,309|
|Fund balances|at|31March 2022||25,028,002|416,750|25,444,752|23,998,590|281,600|24,280,190|





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|||||||||||2022|2021||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Notes||||||
|Fixed assets|||||||||||||
|Tangible assets|||||||11|||579||772|
|Investment|properties||||||12|||4,235,000||4,030,000|
|Investments|||||||13|||19,959,441||18,842,413|
|||||||||||24,195,020||22,873,185|
|Current assets|||||||||||||
|Debtors|||||||15||53,141||28,522||
|Investments|||||||16||89,703||268,833||
|Cash at bank||and in||hand||||1,132,718|||1,140,650||
|||||||||1,275,562|||1,438,005||
|Creditors: amounts||||falling due||within|one||||||
|year|||||||17||(25,830)||(31,000)||
|Net current|assets|||||||||1,249,732||1,407,005|
|Total assets|less current||||liabilities|||||25,444,752||24,280,190|
|Income funds|||||||||||||
|Unrestricted||funds|—designated|||funds|18|||416,750||281,600|
|Unrestricted||funds|—general|||||||25,028,002||23,998,590|
|||||||||||25,444,752||24,280,190|
|The financial||statements|||were|approved|by the Trustees|on ..&. ..|,...,fX|3C2nutctFf|||
|Mr||||||||Mr 8 Goldkorn|||||
|Trustee||||||||Trustee|||||





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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2022|2021|
|||f||
|Rental|income|58,801|52,687|
|income|from listed investments|420,337|447,605|
|Interest|receivable|3,415|2,229|
|||482,553|502,521|
|Raising|funds|||
|||Unrestricted|Unrestricted|
|||funds|funds|
|||general|general|
|||2022|2021|
|||6||





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|4|Raising funds||||(Continued)|
|---|---|---|---|---|---|
||dchd|||||
||Other trading activities|||4,676|19,946|
||Investment<br>man|ament||35,138|37,794|
|||||39,814|57,740|
|5|Charitable<br>activities|||||
|||||2022|2021|
|||||6|6|
||Consultancy<br>fees|||15,381|16,346|
||Grant funding of|activities (see note 6)||316,340|510,612|
||Share ofsupport|costs (see note 7)||26,470|37,872|
||Share ofgovernance||costs (see note 7)|16,321|12,784|
|||||374,512|577,614|
|6|Grants payable|||||
|||||2022|2021|
||||||6|
||Grants to institutions||(25grants):|||
||Total charitable<br>donation|||316,340|510,612|





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|Support costs|||||||
|---|---|---|---|---|---|---|
||Support costs|Governance|2022|Support costs|Governance|2021|
|||costs|||costs||
||f|f|f|E|E||
|Staffcosts|18,353||18,353|18,423||18,423|
|Depreciation|193||193|257||257|
|Office overheads|4,158||4,158|18,088||18,088|
|Other expenses|3,766||3,766|1,104||1,104|
|Audit fees||15,845|15,845||12,000|12,000|
|Accountancy||476|476||784|784|
||26,470|16,321|42,791|37,872|12,784|50,656|
|Analysed<br>between|||||||
|Charitable<br>activities|26,470|16,321|42,791|37,872|12,784|50,656|



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|The average|monthly<br>number<br>of employees<br>during the ye|ar was:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|Employment|costs|2022|2021|
|||f|f|
|Wages and salaries||18,000|18,000|
|Other pension costs||353|423|
|||18,353|18,423|





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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||general|general|
||||||2022|2021|
||Revaluation|of investments|||956,784|2,640,207|
||Loss on sale|ofinvestments|||(59,101)|(26,147)|
||Revaluation|of investment||properties|205,000|130,000|
||Loss due to|foreign currency fluctuations|||(6,348)|(16,346)|
||||||1,096,335|2,727,714|
|11|Tangible fixed assets||||||
|||||||computers|
|||||||6|
||Cost||||||
||At 1April 2021|||||4,143|
||At 31March|2022||||4,143|
||Depreciation|and impairment|||||
||At 1April 2021|||||3,371|
||Depreciation|charged|in the year|||193|
||At 31March|2022||||3,564|
||Carrying amount||||||
||At 31March|2022||||579|
||At 31March|2021||||772|



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|Investment<br>property|||
|---|---|---|
|||2022|
|||6|
|Fair value|||
|At 1April 2021||4,030,000|
|Net gains or losses through|fair value adjustments|205,000|
|At 31March 2022||4,235,000|





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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||E|E|
||Freehold|||||4,235,000|4,030,000|
|13|Fixed asset investments|||||||
|||||||Listed|investments|
||Cost orvaluation|||||||
||At 1April 2021||||||18,842,413|
||Additions||||||3,919,169|
||Valuation<br>changes||||||956,784|
||Disposals||||||(3,758,925)|
||At 31March 2022||||||19,959,441|
||Carrying amount|||||||
||At 31March 2022||||||19,959,441|
||At 31March 2021||||||18,842,413|
||Listed investments|included||above:||2022|2021|
|||||||E|E|
||Listed investments|carrying||amount||19,959,441|18,842,413|
|14|Financial<br>instruments|||||2022|2021|
|||||||E|E|
||Carrying amount offinancial|||assets||||
||Instruments<br>measured||at fair value through||profit or loss|19,959,441|18,842,413|





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|15|Debtors|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
||Amounts|falling due|||within one year:|||E|E|
||Other debtors|||||||53,141|15,485|
||Prepayments||and accrued income||||||13,037|
|||||||||53,141|28,522|
|16|Current|asset|investments|||||||
|||||||||2022|2021|
|||||||||E|E|
||Unlisted|investments||||||89,703|268,833|
||Current|asset|investments<br>comprise ofcash held|||in investment|portfolios.|||
|17|Creditors: amounts|||falling due within one year||||||
|||||||||2022|2021|
|||||||||E||
||Other taxation||and|social security||||329|390|
||Accruals|and deferred|||income|||25,501|30,610|
|||||||||25,830|31,000|



## 

||||Movement|Movement|in funds||||
|---|---|---|---|---|---|---|---|---|
||||General fundsoesignated||funds|Fair value|Balance at|Balance at|
|||||||reserve|St March 2022|1April 2B21|
|||||||||E|
|Balance at|1April|2021|19,811,067|281,600||4,187,524|24,280,190|21,685,309|
|Income|||482,553||||482,553|502,521|
|Expenditure|||(414,326)||||(414,326)|(635,354)|
|Transfer between||funds|(135,150)|135,150|||||
|On investment<br>disposals|||(59,101)||||(59,101)|(26,147)|
|Quoted investments|||(60,318)|||1,017,102|956,784|2,640,208|
|Foreign currency|||(6,348)||||(6,348)|(16,346)|
|Investment|property|||||205,000|205,000|130,000|
||||19,618,377|416,750||5,409,626|25,444,752|24,280,190|





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