Stanley & Zea Lewis Famlly Foundatlon Financlal Statements Year Ended 31 March 2024 Charlty No: 1021805
Stanley & Zea Lewis Famlly Foundation Report and Financlal Statements for the year ended 31 March 2024 Contents Page: Adm inistrative information Report of the trustees Independent examinerfs report Statement of financial actlvities 8alance sheet Notes forming part of the flnanclal statements Trustees Renée FelnsteSn Cheryl Lewis Wendy Press Michael Lewis Princ5pal Office I" Floor, 38/39 Hamp5tead Hlgh Street Hampstead, Londcn NW3 IQE Independent Examlner Nelson Colafo FCA
Stanley & Zea Lewis Family Foundation Report of the trustees fi)r the year ended 31 March 2024 The Trustees present their report along with the financial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accountlng policies set out on page 7 and comply with the charity's Trust Deed and applicable law. Structure, Governance and Mana8ement The Stanley & Zea LewSs Family Foundation is constituted under a Trust Deed dated 23 December 1992 created by the Settlors, Stanley and Zea Lewis. It is a registered charity no. 1021805. The Trustees who have served during the year were: Zea Lewis {reslgned 10 July 20241 Renée Feinstein Cheryl Lewis Wendy Press Michael Lewls At the Annual Trustees, meeting, the Trustees agreed the broad strategy and areas of actlvity for the Trust, including consideration of srant makin& investment, reserves and risk mana8ement policies and performance. Rlsk Manasgment The Trustees have examined the major strategic, buslness and operatlonal rlsks whlch the charityfaces and confirm that systems have been established to enable regular reports to be produced so that such risks are not continuously monitored and that appropriate steps can be taken to lessen these rlsks. Oblertlves and Artlvltle$ The Trustees shall hold the Trust Capital and the income thereof upon Trust to pay or apply the whole thereof as the Trustees may from time to time in their absolute discretion detemiine. The Trustees have had due regard to the Charity Commission's guidance on public benefit when considering the Trust's activities and objectives. Charltable donatlon pollcy Donations are made to various not for prof it or8anisation5 to be applied for the public benefit, All applications received are considered by the Trustees on their own merit for suitability of f unding. Achlevements and Performance The Trustees have continued to apply their funds in accordance with the objectives of the Trust. Donation5 totalling £474,447 were made in the year12023: £273,999). Flnanclal Revlew The Trustees operate a single bank account into which donations are received and paid out. The balance of the bank account at 31 March 2024 was £62,95212023: £30,629). During the year donations were received prlmarily from Lewis family trusts.
Stanley & Zea Lewls Famlly Foundatlon Report of the trustees for the year ended 31 March 2024 Icontlnued) Rosèrves pollcy The Tru5tees' policy is to maintain their continulnR level of support under the grant making policy that they have agreed. If income resources are insufficient to cover the donations then recourse is made to the other funds of the Foundation. In 2D23124, the Foundation had net incomlng resources of £30,523 (2022123: £16,665). The Trustee5 do not consider that any minimum level of resource5 15 required, Plans for the future The Trustees intend to continue providing grants in a similar way to the recent past but retaining flexibility as to the timing and scale of grant makin8. Trustees. responsibllltles In relatlon to the financial statements The Trustees are responsible for preparin8 the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practlce (United Kingdom Accounting Standards). The law appllcable to charitles in England and Wales requlres the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resource5 of the charity for that period. In preparing these financial statements, the Trustees are required to: Select Sultable ac¢ountin8 pollcies and then apply them consistently; • observe the Methods and principles in the Charities SORP; • rnake judgments and estimates that are reasonable and prudent,, state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless It Is inappropriate to presume that the charity will continue in business. Tne Trusiees are re5ponslble for kevplnR adequaie accouniing records that are gLJffieient to show and explain the charitvs transactions, discI05e wlth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the fi'nancial statements comply with the Charities Act 2011. the Charities IAccounts and Reports) Regulations 2C¥J8 and the provisions of the harivs constitution. They are also responsible for safeguardin8 the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and sl8ned on thelr behalf bv: Mlch Trustee Date: 9 Ortober 2024 wls
Stanley & Zea Lewls Family Foundatlon Independent revlewerfs report Independent revlewer's report to the Trustees of the Stanley & Zea Lewls Famlly Foundation I report on the accounts of the Foundation for the year ended 31 March 2024, which are set out on pages 5t09. Respectlve responslbllltie5 of the trustees and examlner The charIt$ trustees are responsible for the preparation of the account5. The trustees conslder that an audit is not required for this year (under section 144121 of the Charities Act 2011 (the 2011 Act)) and that an Independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act,. to follow the procedures lald down in the general Directions 8iven by the Charlty Commission under settion 145(51Ibl of the 2Qll Act,, and to state whether particular matters have come to my attention. Basls of Independent examiners, report My examinatlon was carried out In accordance with the 8eneral Directions given by the Charity Commission. An examination includes review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes conslderation of any unusual items or disclosures in the accounts, and seekin8 explanations from you astrustees concernin8 any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair Vie and the report is Ilmited to those matters In the statements below. Independent examiners, statement The charlty's gross Income exceeded £250,000 and l am qualified to undertake the examination bv bein8 a qualified member of the Institute of Chartered Accountants in England and Wales IICAEW). In connection with my examination, no materlal matters have come to my attention which gives me cause to believe that in any material respect: accounting record5 were not kept in accordance with section 130 of the Charities Act; or accounts did not accord wlth the accountlng records., or the accourits did not comply with the accountin8 records of the 2011 Act. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thls report In order to enable a proper understanding of the accounts to be reached. Nelson Cola£o F.C. A TC BSG Valentine Limited Lynton House 7- 12 Tavistock Square London WCIH 98Q Date:
Stanley & Zea Lewls Family Foundatlon Staternent of Financlal Actlvities for the year ended 31 March 2024 Notes 2024 2023 IncomlnE resources Voluntary income Donation5 506.863 330,000 Resources expended Charltable Activltles: Donations payable Fundraising activities Mana8ement and administration- bank charges 474,447 273,999 37,364 172 93 Governance costs 1,800 Total resources expended 313,335 Net incoming/lout8oln8) resources 30,523 16,665 Balance at l April 2023 28,829 12,164 Balance at 31 March 2024 59,352 28,829 All f unds are unrestrlcted. The notes on page 7 to 9 form part of these financial statements.
5tsnley & Zei Lewts Famlly Found•tlon Balance shoet as at 31 M•r¢h 2024 Plote4 2024 2023 Current assets Cash at bank 62,952 30,629 Credltors: Amounts fallln8 due wlthln one year Accruals (3.6CKII (1,8) Total net •s%•ts 59.352 28,829 Unrestrlrted Funds 28.829 Ih Approved by the Trustees and authorised for issue on 9 October 2024 and signed on their behalf by Mk Is Trustee All tunds are unrestricted The notes on page 7 to 9 form part of these flnancial statements
Stanley & Zea Lewis Famlly Foundation Notes fonThlng part of the financlal statements for the year ended ai March 2024 Principal accountin8 pollcles la) Basis ol preparatlon of accounts The accounts have been prepared under the historical cost convention wlth items re¢ognlsed 3t cost or transaction value unles5 OthenNise stated in the relevant note5 to these accounts. The financlal statements have been prepared in accordance wlth the St3tement of Recommended Practice,. Accounting and Reporting by Charities preparing their accounts in accordance with the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP IFRS1021} and with the requirement5 of the Charitie5 Act 2011. The Foundation constltutes a publir benefit entity. The Trustees 3re satisfled that the charity has sufficient commitments from donors to continue its activities for the foreseeable future. Accordingly, the Trustees continue to adopt the 8oin8 concem basls in the preparation of the financial statements. (b) Golng Con¢•m The trustees have not identified any material uncertainty re8ardin8 going concern. Ic) Donations Donations receivable are accounted for in the period in which the charity is entitled to receipt. {d) Investment Income Investment income is accounted for in the period in which the charlty is entitled to recelpt, (el Charitable Artlvities Charitable activlties comprlse all costs which are dlrectly attributable to the objects of the charlty. Donarlon5 peyable are reco6rr15ed when a con5trucrive or legal obligation to the reci pient has been created by the charitv. In Governance Costs Governance cost5 cornprlse the costs of statutory compliance, whlch consist of the costs associated with the Independent Examination Of the Foundation's accounts.
Stanley & Zea Lewls Family Foundatlon Notes formlng part of the financlal statements for the year ended 31 March 2024 (contlnued) Donatlons payable 2024 2023 Grants I£IO,000 and larger) Assoc Rashad Academy Chai Cancer Community Security Trust Cure EB The Greenaway Foundation Institute of Strategic Dialogue Jeppe School Trust Jewish Care Jewish Learning Exchange Norwood Policy Exchange Telfed The Holocaust Educational Trust United Jewish Campaign UK Toremet UJIA United Synagogue Unlimbited IPaley) Foundation Weidenfeld Hoff man Trust 10,783 10,000 io.ooo 10,DOO 25,000 25,000 10,000 10,000 12,000 10,000 11,000 109,565 15,000 18,543 15,000 40,000 42,000 16.384 50,000 10,452 25,CM)O 10,000 12,SOO 10,300 15,000 20,725 15,000 62,000 50,000 450,275 24,172 474,447 230,977 43,022 273,999 Other grants (less than £lO,0001 Total The Foundation made grants to 29 charitable institutions.12023: 22 charitable institutionsl.
Stanley & Zea Lewls Famlly Foundatlon Notes formln8 part of the flnanclal statements for the year ended 31 March 2024 (contlnued) Trustee Remuneratlon No Trustee received any rernuneration or wa5 reimbursed for expenses during either year. Governance Costs 2024 2023 Independent Examinatlon fee Credltors due within I year 2024 2023 Accruals 1,800 Related Party transactions Mlchael Lewls {Trusteel Is also a trustee of the followlng charitles to whom the Foundation made charitable awards: The Weidenfeld Hoffman Trust was paid £50,00012023: £50,000) and; The Institute of Strategic Dialogue which was paid £IS,00012023: £25,000).