The William Leech Research Fund
The objective is the advancement of religion for the public benefit by the award of grants to support research and theological reflection on social, economic and pastoral issues of relevance to the mission and ministry of churches of the North East of England and to the communication of the Christian gospel in the contemporary context of the UK.
Objects
THE OBJECTS OF THE TRUST ARE THE ADVANCEMENT OF RELIGION FOR THE BENEFIT OF THE PUBLIC BY THE AWARD OF GRANTS TO SUPPORT RESEARCH AND THEOLOGICAL REFLECTION ON SOCIAL, ECONOMIC AND PASTORAL ISSUES OFRELEVANCE TO THE MISSION AND MINISTRY OF CHURCHES OF THE NORTH EAST OF ENGLAND AND TO THE COMMUNICATION OF THE CHRISTIAN GOSPEL IN THE CONTEMPORARY CONTEXT OF THE UK. THE RESEARCH WILL BE UNDERTAKEN IN WAYS THAT INVOLVE ENGAGEMENT WITH THE CHURCH COMMUNITY, AND THE USEFUL FINDINGS OF THIS RESEARCH WILL BE DISSEMINATED TO THE CHURCHES AND THE WIDER PUBLIC. WHEN AWARDING THE GRANTS, THE TRUSTEE SHALL EXPRESS A PREFERENCE FOR PERSONS WHO INTEND TO RESIDE IN THE NORTH EAST OF ENGLAND FOR THE DURATION OF THEIR WORK, IN ORDER TO FACILITATE ACTIVE ENGAGEMENT IN THE REGION AND THE DISSEMINATION OF THEIR RESEARCH.
Financial health, per its FY2025 accounts
The accounts state that the charity’s unrestricted reserves were £7,388 at the end of the financial year, which is below the stated policy target of holding sufficient reserves to meet financial commitments. The charity reported a net expenditure of £127,707, driven by a £108,006 loss on investments, resulting in a decrease in total net assets from £2,690,199 to £2,562,492.
What the accounts disclose
“Total income - 72,250 72,250” — page 19
“The policy is to hold sufficient reserves in the unrestricted fund to meet the Trust’s financial commitments.” — page 9
“Certain administration services are provided free of charge by the staff of William Leech (Investments) Limited. These services have not been quantified for inclusion in these financial statements, as the amounts are considered immaterial.” — page 26
Policies the charity declares
- Bullying and harassment policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- William Leech Foundation Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £72k | £92k |
| 31/03/2024 | £71k | £177k |
| 31/03/2023 | £71k | £17k |
| 31/03/2022 | £76k | £3k |
| 31/03/2021 | £68k | £62k |
Common questions
Is The William Leech Research Fund financially healthy?
Per its FY2025 accounts: The accounts state that the charity’s unrestricted reserves were £7,388 at the end of the financial year, which is below the stated policy target of holding sufficient reserves to meet financial commitments. The charity reported a net expenditure of £127,707, driven by a £108,006 loss on investments, resulting in a decrease in total net assets from £2,690,199 to £2,562,492. Its FY2025 accounts were audited by Azets Audit Services.