A simple explanation of the accounts.
The accounts show that Leeds Art Fund supports projects through two income streams:
The timing of purchases and grants is unpredictable since they may depend on other funders and the availability of suitable items for purchase.
May 2026
The accounts show that the LAF supports projects through two income streams:
The timing of purchases and grants is unpredictable since they may depend on other funders and the availability of suitable items for purchase.
In the year to 30 September 2025, there was a surplus on unrestricted funds of £1,649. During the same period there were purchases and grants of £64,516 from our unrestricted, designated and restricted funds. The principal items were £18,537 for the purchase of contemporary silver for Temple Newsam, a first contribution of £6,000 to the Bursary, a grant of £11,700 towards reproducing the carpet for the Oak Passage at Temple Newsam, and a grant of £10,000 towards improving the acoustics in the Henry Moore Lecture Theatre.
Our surplus funds were invested in the COIF Investment Fund which has performed well for many years. Our investments ideclined in value by ££36,677 following a gain of £201,743 the previous year. At 30 September 2025 our investments were valued at £1,647,244. There has been a small fall in value since then. The value of our unrestricted funds was £243,184.
Robert Wivell
Hon Treasurer
23.05.26
The accounts show that the LAF supports projects through two income streams:
The timing of purchases and grants is unpredictable since they may depend on other funders and the availability of suitable items for purchase.
In the year to 30 September 2023, there was a surplus on unrestricted funds of £9,759 and during the same period we spent £43,730 from our unrestricted, designated and restricted funds. The principal purchase was £23,834 on “Iris Barry Seated 1921” by by Percy Wyndham Lewis. At that date, we were willing to commit, subject to a detailed justification, a further £90,000.
Our surplus funds were invested in the COIF Investment Fund which has performed well for many years. Investment growth resumed last year and our investments increased in value by £56,142 compared with a fall of £88,821 the previous year. At 30 September 2023, our investments were valued at £1,701,669. There has been a further improvement since then. The value of our unrestricted funds was £226,610.
In the year to 30 September 2022, there was a surplus on unrestricted funds of £18,984 and during the same period we spent £311,892 from our designated and restricted funds.The principal purchase was “Reflections on the Aire” by Atkinson Grimshaw costing £280,000. At that date, we were willing to commit, subject to a detailed justification, a further £38,000.
Most of our surplus funds were invested in the COIF Investment Fund which has performed well for many years. However, last year saw a period of turmoil on stockmarkets and our investments fell in value by £88,821 compared with a gain of £293,763 the previous year. At 30 September 2022, our investments were valued at £1,657,426. There has been a small improvement since then. The value of our unrestricted funds was £218,821.
Our detailed accounts are filed each year with the Charity Commission and are available to the public.
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