THE WILLIAM LEECH FOUNDATION LIMITED - THE CHARITY TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity's unrestricted reserves were £4,736, which the trustees describe as a balance not held in significant sums to maximize endowment investment. The endowment fund decreased in value to £22,030,149 due to investment losses, yet the charity maintained its distribution policy of £800,010 to beneficiaries, funded by transferring unapplied total return from the endowment.
What the accounts disclose
“At 31 March 2025, the balance in the unrestricted fund was £4,736 (2024: £6,307). This balance was used to fund part of the distribution to the Five Charities in April 2025. The policy is not to hold significant sums in the unrestricted fund, so maximising the amount in the endowment fund that can be invested.” — page 8
“The Trustee considers that it is related to William Leech (Investments) Limited by virtue of having common directors. 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 23
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £120k | £809k |
| 31/03/2024 | £57k | £773k |
| 31/03/2023 | £0 | £712k |
| 31/03/2022 | £0 | £646k |
| 31/03/2021 | £0 | £635k |
Common questions
Is THE WILLIAM LEECH FOUNDATION LIMITED - THE CHARITY TRUST financially healthy?
The accounts state that the charity's unrestricted reserves were £4,736, which the trustees describe as a balance not held in significant sums to maximize endowment investment. The endowment fund decreased in value to £22,030,149 due to investment losses, yet the charity maintained its distribution policy of £800,010 to beneficiaries, funded by transferring unapplied total return from the endowment. Its FY2025 accounts were audited by Azets Audit Services.