REGISTERED CHARITY NIIMBER: 1141997 FOR THE YEAR ENDED JI H 2•24 FOR Sh•w Gibh (A111) Limit Ststtltory AjitOr 25 St Tlb)mu Str Hamp5birc S023 9HJ
LAW FAPtllLY ABLE FOUNDATION IIIE FINANCIAL STATE FOR THE YEAR KNDED JIST MARCH 2ts24 Refere•ce iod Admhlrtrnllve Detllk Tr•sttts' Ryrt stste¢t of TrwtttJ' RE¥owslblliti ep•rt of ¢he ind¢p¢llde•t Awdtorj 7 10 9 stateent •f FlttAthI Aeli io SIK¢t Cth Fkny Stateme#t 12 Notu to th¢ C Flow Stst¢men¢ 13 to the Fknneknl Statements 14 w 20 Detlkd stt¢¢t ol Fl•••¢W Aedv 21 to 22
REFEREN E AND ADMIMrnTIVE DET FOR THE YEAR ENDED 31ST MARCH 2024 TrUSTEES AEIAW Mr5 Z Law {Tesi8ned 21.62024) Caxton Eur(ye ASS Manag¢wt 40 Berkl¢y SqyaT¢ WIJ SAL REGlStfBID CIIARITY NUMBER 1141997 INDEPENDENT AUDITORS Sknw Gibbs (Audit) Litt)i¢ed 25 St ThLYtw Street S023 9FU soucrroRS 31 Hill Street WIJ 5LS Coutts & Co 440 Srand WC2R (QS
FOR THE YEAR ENDED 31 MARCH 2•24 The ffitsttts Prellt thcir rewt with th¢ 5tstCrnrS of the ¢hwKity for th¢ yr•r endul 31s1 MaT¢h 2024. The tnte¢S b8v¢ gdopted the Provisions of Accounting and RetnIng by Ch•ri¢i¢s: of Rrxommended Praclice applicabl¢ to cbarities Prepari their acCOts in accotdance wlth th¢ Fin8ncial ReportiD8 Stantsd applicable in the UK and Republic of ItrlaTrJ (FRS 102) (CfftCti l Jry 2019). Legal Jthinistrtive itifomwtxffi s# OOrt the infornmiion p•Be fOrnP of this IIE OBJgcfivES AND ACTIVIT1ES Obleetlvd attd The Tru was r5tsblislKd undeT aTnth Dced dthj 24th MaTcb 2011. The obj¢dtve of thr Tru is to hold futtds wbich public 800 Pwb¥¢ bthefit The Tn¢5 tlwt thty have tskth of tl (Jwity Cornmi55ion% Benual guidae on publhc bellefiL PUTpose. Most 8rant aid ts dite¢trd to Te8iS¢¢red clthTilies. In with othtt trusts. tyj followhng currettt clwity 1¢8isIioD, The L•w Family Clwi"tsble will COlder applic*ioM from c4)mmuAity in¢¢res¢ ¢ompani¢s
Do£Us Ert¥•fy ID., E433941441503468m78&74C912IJ LAW FA TRUSTEES. RE OR THE YEAR ENDED 3 ACHIKVEiWIT AND PERFORMANCE Ch%rltAbl¢ activltie5 The Law Family Charitable Foundation (LFCF) w85 set Wy in 2011 tth a ott Edwiioffj H¢41th, aad the Art8. It has yincc broadcned 10 inelude enviroLnThtsl woie¢ts. Speaker8 for Scbooh LFCF rernains the priticipal fithder of the UK'S larges¢ social Thbility ¢h¥ity. Th¢ mi&¥ioD of the cbarity 15 to close the oppomnity g8p •nd level th¢ p]ayll fi¢ld for 211 11-19-yW-old $ta 1)01 colleges pupils by providing inspirational ts]ks alld facilitating acce&s to WO experiu that will help them to rcach thciT full c•xeer pot¢llti. Clos¢ to 25W stste schoo15 a1 collc8es re8 aiwside •PFwximatcly speakers •od 350 ¢mployer In totsl £4.743m w&8 disbu to the dlarity. Th¢ L•w FnLlly Edtyc#th> Tr• LFCF kn conlillu¢d to supM The LAW Fnily Educalional TnLSt that i% thc pro4 sponsor of the Launjs TNs¢, A Multi Academy Trust (MAT) headquartered Cheadle HuJD4 near Matthter. The MAT cncornp8sses the 4.18 48¢ 'Our visb)n 15 for everyone, ffgardltss of or ¢irCurny. to b¢ thriv¢ in all ertvirtittmts. io GT¥nts hayc cnablcd a rin8c of sport4 voice. other ¢0]rrI¢ 1VitieS io b¢ Provided creatin8 a morc IcYcl- playing field with privat¢ {)01 pwvisi£m. £1.89m was disbwsed to LFET in th¢ pmod Eartkjhot prize LFCF is a global alliatt¢¢ founding parther 0(EanI1 The Earthshot challenge is a 5impk but ambitious and unive1 goBI fw 2030 thai if a¢hieved, will r¢pair the planet befoTe irreversible damage orcw5. DEv¢loprd in Gol]abLxalion with ldIng wvironmeAtal exrlts the go815 ar¢ to Protec¢ artd Restore Nanjre. cl ourAir; R¢vive our(ke•lls" Build 4 W8Ste-FTee World: and Fix our Clirnat¢. A n¢w prograrn of grani was agreed in DKmb¢T 2022 of £3m PAy•bl¢ ov¢¥ 3 yeats and iti lirte wilh sfactory delivery of th¢ proie¢L A totsl of £lm was di51xJrs&4 in the year. Scknte Museum (Mnekttttr) LFCF rne th multi-yeard(wtion iti suort of the rtxM)v•tiM of th¢ SGielltt MusewN both for the Power Hall and an education pD)grnm. The Pow¢r Ha]1 will b¢ based iti th¢ 1855 shipping shed for Liverpool Koad statio the WOTld& first purpos¢-built plNger railway sta1. It is placed to lye one of the m05t beloved industrial heritsg¢ galleries in ihe country, siD8 ott¢ of the UK lar Coll10$ of workin8 Steam engl the majority of which w¢ built in Man¢lwsier. An edu1"On tKO8raw i5beiTr8 devetoped alon8side the proJe£L £0.9m was disburscd in thc per1J. Pl•¢e2be. Tke L•w FmJ]y Mford Rex*r¢h projert
TRU FOR THE AR ENDED 1ST hfARCH 2024 Salford Th¢ ith¢ent 1$ 4]$0 to provide evth¢ of P¢2B¢.$ iniawehtion beD¢fit pw>il$, parenls, and teachets. liecent P11¢ Health fi8wes 5knw that 139.3 p¢r IIKI.(KKI in Salfotd Ih8vE bEen thirted to hospital with rntntal hcalth issues. The overnil r Eogiarf is 89.5 ebildren ptT 100.000. With cbiidrell and young pwle ross Salford suffering at a muth higher ra the UKavw Saiforf was An Ide p14¢¢ forth¢ proj¢d. A total of£780.(W was di51m]xI in the year fTOTn 4 tsjtai e4Jxled mUlti.Yearprn8r Df £2.7m Tkn FAetory International. ahettd of its openiD8 iti 2023. This will be i global dcstinthots for art& music CuirU cooMniuioniD8 J pTes¢nl i y¢ar.roundpro8ramnK of ¢xtrwrdwory. wow-break& Ind Int¢.1P1IDary by lead artists. A total of £2.9rn has bezn comnlltted.. £2rn for eX11th Thl ¥ fiwther £9LKI.iKKI towth The F4dory A¢adethy to help youDg people work in the tt810 £694.iKKI Wds dithmtd iti the pui(l Pro BoD0 Etomomkl PBE use eeottomic attalyw their miique corned1 w the SLXi81 Sed help ¢haritieK. fimder4 and poli¢ymak¢rs. To8etber th¢y coikctively t¥kl¢ th¢ 2nd nst¥V¢¢$ oflow puwl weUbein8 iD the UK. 8 aD example of their work IPBE) unveiled. ID December. a very in¥1 new T on the sllbjed of eoutwlling for Mothets. LFCF sp)n50red the Law Family on Civil Society. as we41 as wingbmadu A total of £584,(th di8bw¥td in the 1. IveStment performirtee Durillg the penod lh¢ investnKDt porrfolio eeneratrd ill¢(e of U65.983. The disFosai of SEeS in the peri1 were th to # traDs(cr of iDve5tments to a new 88¢[ and did Dot give rise to any Tealised yin or losses. Tr movemeDt in mk¢t valucs getTed ullttalised gains 01 £4.654.497. Al th¢ riod end tr iftv¢sllneN portfolw was valued £80.045,434, an irt¢reas¢ of 42A from th¢ ryior year. The Tn¢¢$ reaffinned the Investment lleY aThl Lj1ve%. The tsitste¢s' illV¢SEm¢nt policy i8 to rnaximise IoD8 term toral retllrn. tski08 inti)rne and L3pi¢al 8ains tO8cts witkn undue risk. Fthming YearalhjcallL to be consi a draw on casts. curr¢ntiy balatt¢¢d atsl apprroriat¢ for the peritsl abea& TIn8 the year oveMII p#fe of the irtV¢ed fuTM15 w&$ appTOXim•te]y 7 The wyres with the ARC £ B4ian¢ed Cknty +7.2Y• IiXI +9Y4 FtSE +250 + Th Gill indic¢8 +3%}. We soutted higller Yield1 rnoney rnatket accounts rather thaD c&%h to expknit the highcr inlaCS¢ rates. We n•¢ial pojitio At 31st March 2024 the b•laTK% £71551684 (2023.. £74.gn.856}. Pr51 f¥Ddllli Wr¢¢$
TRUSTEES, REPORT FOR THE YEAR ENDED 31S FINANCIAL REVIEW Investment poliry ¥nd objectlves The trustees, iDYeslment policy to mxl IoDg terni to lelu tskitig ITMe and capital 8ains tO8cthct without uttdve risk. Ruervu poil¢y li is th¢ poli¢y of the TnLSt to rnaintsin the free reservej of the Trust it a level to Fwovidc suff1¢¢ funds to ¢ov¢r FUTURE PLANS The Charity will cotttinue to provth grafft to kknitabl¢ W8ls2t10S a8 xel J¢ in its obicctiVC5 aTKI #im STRucrU COVERNANCE AND MANAGEMENT Governing doc¢ Retrultm¢•t •nd xppolDtrne•t •f D¢w tn•ttes The Tn]stees of the cFLarity are listed on thc inf0rnmti0 pagc. Ncw trus¢s may be appoitiied by th¢ settlor andlor existin8 tNstcts. In aPPOiDliDg a DCW Trusf¢c th¢ scttIoT or ¢XiMi8 Twstees will t8kc ith account the bencfits of appointiti8 a persots who is able by ¥]¢ of bi$ or ber pasonal OT PrIDn qualification5 to makc a contriiwjtiort to the putsuit of tbe obj¢¢¢ive$ OT m4llO8¢wi of the Chan"ty. Th¢ Tn Lked provides for a rniDitnum Dfhvo tnts¢s and a MlMU of ei8ht. The T[ttes rnttt at leLst tivice a year to discu58 aDd rykment policy. Decisions Ore nde by 8 $in)ple majority of vote5 cast at a rneeting of theTtU5tees. Rlsk maDageme•¢ Th¢ TnLslees have ¢attig1 oui a r¢vs¢w of ttrx ¢haritys activities and the risks whith it is expose418rtd ¢onfym thAt controls are place to mitigate those riskL The main Tisk to the charity C(¢rns the invesbnents The trwtees Yeview the valuation of iDYeBthMts and th¢ income strc#m gcDerated. Approved by of the knard of trustees 24th Jnu*ry 2025 and its bthlf ty. A E Lgw- TnL3t¢¢ 23D18WJ5 Roger sadewsky
TATEMKNT FOR THK YKAR ENDED li¢able14w and United Tratig&)m A¢¢ouw Sta1•ys (United Kingthm elY Ac¢eNa A¢countin8 PtiC¢}. The law applicabl¢ to cbltie¥ in Fm8JaTrJ Wales. the (Jwrilies Act 2011. CtiaTity (Accounts Ij Reports) Regulations 2(}8 and the provisions of the trust deed requires the trustees to prepr fin•n¢ial ststemetsts for each financial year which give a tsue and flir view of the sts¢e of affai of the ¢l)arity and of the incoming resour$ and application of resourtes, including the ittc4)me exp&i of the (arity for that In prepsrin8 thole seleci sui¢able cOuntIng policies and thett them - obsery¢ th¢ methods and ryin¢ipl¢s in th¢ (hrity SORP. . stslc whether applicable attounw standards have been followaL Abject to •Dy miiai d¥Te5 disc105cd and explained in the finatt¢iai statements. . pr¢p4Te the finatKial sta¢en)¢nts on the 80iTh8 basis yo1¢s5 it is to that th¢ dJaTity will continue in busineu. ¢b¢ posilion of th¢ cFwiry trj enable them io ¢ngJre that th¢ finan¢ial sta*Dxnts with th¢ tharities Act 2011. thc cIlty (Accoullts and RtwL8) Rt8ulatMJ Xl)8 and the provisioos of the trust deed. Thcy are 10 r¢spoDsibk for safcgwding the •55ets of the charity a1 for taking T¢8sonable 5tCP5 for the preyettti alld de¢edion of frawl other Iegul1.
INDEPENDE AUDITORS TO THE Opinlott We have audited the financia] Sththents of The IAW Famity c&118b1e Foundation (thE '¢harity? fw th¢ year ¢nd¢d 3 1st Mah 2024 which COllViBe th¢ Statement of Financial Adivities. the BalaThce Skn¢¢( the C¥h Flow Statement nd notes to the firtancial sthtemenK irt¢ltsding a gJnyn•ry of signific[ x¢ounting policies. The financial rcporting fraMEWo that has be appli¢d io their preparntiott is applic•blt l•w and United K¥drn AteOWltiDg Startdar Iunited kngdom Generally A¢¢epted A¢¢ountiog Prxtic¢). In rA0P1n1Oll the fla1 ststcmcnts: 8ive a true and fair view of the state of the charitys affaiTh •t 31A m 2024 and of its inMiDS re)ureeA 8ppli¢ation of res()w¢¢s, fot th¢ year Mdai. have beet) properly pr¢par¢d io a¢¢ordan¢¢ with i1n1t King&th Genernlly Accepted Acc(wting Praciice. and . have been ptqjared in accor with the n4UItem1sof the (Jharitics Act 2011. Basb for oplDltsn Wc conducted our adi1 in a¥YordATKe with lttfern&tico81 Ststyjwds ott A3)ling OJK) (ISAS IUK)) alld opplithlr law. Our resp)nsibilities under tIM)se sthndarth are fiJrtheT descn.bed in the Auditors, Tesportsibilities fw the audit of the fancial wtements section of our report. We are Inthndent of the tharity it) g¢¢old¢¢ with th¢ ethirnl r¢quirements that are relevant lo our a111 of the fujancial stsIemts in the UK, illcludin8 the FRCS Ethical Standard. and wc have fuifilkd our other ethical responsibilities in x¢ordwKe with thes¢ requirements. We belie that th¢ audit cviden(¢ we bave obtaimed is suffitiettt and 4)prwi to wovid¢ a b&sis for our opllhion. Con¢lu51oNs relatlng to golng MRcern In audititJ8 the finaDCia] thtcm¢n¢S. we have ¢LxKluded thttt the trustr¢s' us¢ of the going concern basi5 of acc¢ntIng Based on the work we have [ornI)I, w¢ hav¢ ftot idenufied any rnateri Uertainti¢s relating to events or conditions that. individually or ¢ollectively. may ¢ast signifLCallt thubt the ¢harity$ ability to coniiniie a going CODcern for a period of at ka5t t1ve months from wh¢n the fuban¢iai s¢atrm¢rtts ar¢ a1$1 for i55ue. Our resp)nsibiliti¢s the responsibilities of the tru#ees with tesFttt to going conrffli d¢8uibed in th¢ r¢l¢vant sections of thiB r¢po Other lttf•rm•tb)tt The tri¢¢$ are responsTri Ile for th¢ othu inforD)aM. Th¢ dh¢r inforn conyises the itifonnatiott induded in th¢ Annual R¢poTi other than the fuwicial stat¢m¢nts and ow Report ofthe IDdepetht Auditors th¢r¢on. OUT opinioll on the fm•Dcial 5tstczn¢nts doES cover thc (th¥ infrymion cxKpt to the exttst othenyise explicidy swed in oMrtArt we &) expffM wy forn of awrnDce COl510nthcr¢l. In ContctiOn wRth our awlit of the fmanciai stst¢rnts. OUT resp)7)111ty is to reld Ibe other inforroation znd. in (knin8 $0. consider whether the othcr infoTmalNM is materially inconsist1 with the financial 5tatcmcnts or our knowled8e obtained in thc audit or othenwi 4years to be nhthliIY 11 w¢ idrntify sucb mater1 inCODsisiencies or apparent tnaterial miSseMents. we e to derttmiA¢ whether giv¢s rise to a material mi55tat¢ment in the finoth¢ial ststw¢nts themselvts. If. b&8ed the work we h8Vt tKrfonn& we eoncltyk thai theT¢ 1$ a material t))isslat¢m¢nt of this other infonnation, we are requir•J to rqxxt thatfxL We hve nothit)g ¢CTeport ID this Te8ard. Matters wlrfch wt #r rtqiirtd to rep•rt by x¢•ll•• We have nothing to report in r¢spt of the followin& mDt¢cT5 wIKre the Clwitiej (Accwits and Reports) Re8u]auons 2(M)8 requiT&% U% io re to you if. iti ouropltti. the InfOallon giv¢n ill th¢ Inre¢S R¢rKrft is io¢owist¢nt io aDy llbaterial w with the financ1 staterneDt4' OT suffici¢nt ¥COUDli08 recor& have DDt been kept" or the finawial statements are not in agreemuLt with the acco118 records*1 1¢DJn. w¢ hav¢ not tEceived #ll th¢ iDfomwtith and exp1amil we relwire forow 011.
UD0 TO T11E TRU Respo•slbll#l¢s •f tryst¢ As explained more fully in the Ststetnent of Truste ReVD?¥111t1eS. the InLStees are rc5p¢Jn5iblc for the prcp8rnti¢)n of the finaTrCi enThts which give a true and fair view. and f¢x illtemal control the Iru5tets det¥mine is nx¢ssary to ¢nable the w¢paratbOn of finattci ftte from thuterial mi$51at¢rnt, whether du¢ to fraud w erroT. tn prcparing thc fManCi 5tstcrncnts. the truskes are re5p)n5ible a&se55ing thc tharitfv ability ty ¢Otttinu¢ as a going Conce dis¢lo$itig, Is appliclbk m•tters relAd to going ceM and using the going ceM basi$ of 4c¢ouniin8 un1¢5s the tsw¢s eithu int¢nd to liquidat¢ th¢ dwitywlo c¢as¢ or haye realistic alternative butto th> 50. Omr r¢sp•wlbllltl¢s for th¢ •ydlt ofthe fi#au¢ial slt¢Thats We hav¢ been apwjinted as 4uth"tor8 under Se¢ll 144 of the Charill Art 201 l and t¢pxt in W[dan with th¢ Act (hjr obje¢tives are to obtsin reonab assutw abw¢ the $tatemeThts as a whole are free fmm material misstatemeni whether due to frawj or ¢ryor. and iw a R¢port of the lendeTht Auditors th&t includes our opinion. Reawnablc Is a hi8h le1 of asswantt. but is not a 8uarantre th8t kn audit Conducted i a(rdance with ISAS (UK) will alway5 ddcct a matcrial misslat¢rncnt when it exists. Misstsienlents can arise from fraud or eor and are ¢OnsI n•t¢rial if, ilIVIdUally or in the aWEgat< th¢y could re&wnably be expected to Th¢ ¢x¢¢n¢ to which our are c•pthof thttding utegulriti4 itt¢lbtsJing frnd is det•iled b¢low: W¢ obtained an of the Ae821 ¥1 regu] alICable to the chuity via discu55i¢)ns with the trustees and our previous knowledge of the cllarity. Thii identified that the most sibThificant lThs and regulalion5 rela to the fonn and con1¢ of the fuwwiol thiements as the Ch111¢$ A¢t 2011, the Cbariu¢5 SORP (Fils 102) and Fitwiciai RetN)rtin8 Stalldard 102 The cbity complies with these laws ood Te8uLati0ts8 by apprOat¢1y qualified PTofe58ionals to prepare the rmanc1 ststements. As partof our planning pmcess we assessed suwibility of the eJwiiYs f0¢5&] sraments io ma¢¢ri41 ti)isstst¢ments, it)¢ludin8 bow fraud might octur by making n asses$nt of tb¢ key risks. The k¢y Ti5 identified in respect of The Law Family Cbaritable FoundatTh is revenue recognitK and eligibility of ¢lwitsble giving. Th¢ trustees confirnied no KtuaL swted or4llegeAI ca5e5 of fnu Bd on this 85s¢ssm¢nt we desi8n¢d OUT Auth"1 pr(K¢S address tb¢s¢ k¢y rith •Tta• with an aryhasi$ on I11 the income and gains on thc invtstnKnts, and the dwiuble donations mwle. A fivther dexYiptio of ow wsibiliti¢S for the adI¢ of the fthuKi81 stmeThL8 1$ I(ted on tk Fin8n¢ial Keponing cow11 w¢bsit¢ al htlpsjlwwiv.fi¢.org.ukllibT8rylstsod•Tds-Ies-lICYlaydIt-aWallnd<thirs This
Iku8ffJn En%W ID.. E4339414-(O18w8974cSv42 of•Dr rel1 Thi$ report 15 made solely the charitys tnth4 as a body, in accord with Part 4 ofthe Chariiies (Accounts and RePts) Regulations 2Ci18. audit work h$ beth UNIen¢th * that we mighi stste to the Charitys trustees those matte we ar¢ requir¢d to stat¢ to them in audiws. t¢pon and (or no oth¢r puryJos¢. To th¢ fiLll¢st extent pcrrnitted by law. w¢ do moi a¢¢¢pt or agsum¢ r¢swisibility to anyow th than the ¢harity al th¢ ¢trority$ tntytees as a body. for ouroudii wort for this rew¢ or for the opinioos we have forn. Shaw Gibbs (Audit) Limited Chart¢r¢d Certified AccouDlants Statsrtory Auditor 25 SiThoma8 Strrct Wuthe5tcr Hampthire S023 9HJ Shaw Gibbs (Audil) Limited is eli8iblc for apIntment as alif0r of the clwity by v1thof its cligibility for aprA)intment audilor of a company unthr section 1212 of the CO[l1C5 Act 2(. Pw9
IALA R ENDED 31ST MARCH 2024 THE YE 2(124 2023 INCOME AND ENDOWMENTS FROM Donaiiotts attd lega¢i4g 898122 35.750.1 Invabn¢nt inme J23 006 Totsl •ui 36 073 )6 EXPENDITURE ON Raisins (und5 41174 20.545 4rltsble *¢t5vldes Charitable 8IViD8 95 30 467 766 T•t4J 69 30488311 Nei Bain$ 00 inv¢stm¢nls 557 155 NET INCOMFJ(EXPENDITitRE) 12J49,992) 6.141.850 RECONCILIATION OF FUNDS Total funds brought fonvard 7V02856 68.761,006 TOTAL FUNDS CARRIED FORWARD 74 902 856 The Tr)tes forn p#t of these fuwKial stknents Pa8e io
TION BALANCE SHEE 31ST MARCH 2024 2•24 U#rtstrlettd 2023 Total FIXED A&SETS Tangible assets Inv¢stm¢nts 126 168 12 80045J60 76,829.630 CURRENT A&SET8 Cash 41 &712,104 CREDITORS Amtyjnts f8llin8 due within one ye 13 (5WN2) (4,848.858) I¥ET CURRENT A&8rrs TOTAL ASSETS LESS CiIRRENT LIABILITIES 7439•,667 80.692.876 CREDITORS Amounts f4llin8 thje 8fter more th*n one yeaT 14 (1.737W3) (5,790.020) NET ASSETS 72 74 2 856 FUNDS 15 74 gY12 856 TOTAL FUI¥DS $2 74 902 856 The financial stat¢m¢nts were approved by th¢ B(Ard of Tntte5 •Dd aU)riSed for issue on 14thJanuory.2Q2S............ and wet¢ brthaifby: A E Law- Tntee R Sadew3ky. Trusttt Pa8¢11
HFL TATEMENT R THE YEAR ENDED 31 2023 Cx¥h flows frgm oper8thig Acth Cash geDerated from operatiLms Netetsh (used itiyNovided by operakn8tivilies Purchase of asset investments Sale of fixed &sse¢ irtvesthnts Int¢res¢ receive4 Dividends received {18377S4 2•.n•.oo• SSZ75 (21.302,894) 3.843.555 46.086 276.920 PO,545) {<074) Movement hcld iti invesime Net Casb FvIded byqw¢O iti) inv¢ing tly1¢S Chnge ID ¢ash ¢q•lval¢lltsh tkn¢ rtportlDg ptTlod (US7.11 (&044.735) begitsaiAt of the reportlot perl•d 71 14 756 839 Cash and eth eqth•lMts •¢ the e•d •f the r¢pordn¢ perlod 8712 1(M Pag¢ 12
NOTES TO THE CASH FLOW STATEMEh ED 24 RECONCILIATION OF NET (EXPENDITUREy1NCOP TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net (upeNditureoIllt for the r4rti•l PErthe StAttment of TIDalldal Atth4th4) AdJustm¢ts for. Ikpreciation char8es Gain OA investments Interest received {2J49,992) 6.141.850 42 (4W97) (55375) 1565983) 4,074 56 (557,155) (46,086) 1276,920) 20.545 5 763 953 {Drras¢V1r ill cr¢ditDfS Net ¢ash {used illY0ded by optrxth 71 11046243 ANALYSIS OF CHANGES IP4 FUNDS At 1.4.23 C4slL floY4 At 31A24 Net cash 71 71 li T•tsl 71 P•8e 13
FOR THE YEAR ENDED 31ST MARCH 2024 STATUTORY INFORMATION The Law Faffjily Ctwitsble FouDdation is a Charity registered in EDand Waks. The Ch1$ regisieml ACCOUNfiNG POUCIFS The financial statements of the charity. which ts a pthlic lJenefiL etttity llthr FRS 102. have been prcparcd in accordanc¢ with the Charities SORP {FRS 1021 'Accountin8 and Rep(Ktm8 by (Jwitie5: Statement of R¢commetthd Pra1 applicable to charities prepariD8 their accounts in accordance with the Finmrial Rcporting StandJrd applirabk iti the UK •Dd R¢pJbli¢ of iT¢laj (FRS 102) (effective l Jaou4ry 2019),. Finaniial Rcportio¥ Staoilatd 102 Tr Stsudard applicabl¢ tn the UK and Rwub]ic of Irelaod, and the CILariiies Act 2011. The finan1 statemEnts have been prepared UDder the histori1 cost eonveThtion. with the exception of investi which Iwe incith mthet valu4 a5 nhodified by th¢ Tevaluation of¢erfain assets. (Accounts 4Dd Rcportsl R¢gula¢ioDS 21J)8 only to the extcnt Tequired to provid¢ a tsue and view. This d¢pornrt1)as involved following A¢¢oyniing •ThJ Rq)Ortll by Cl)arities prepaJiD8 their accounts in a¢¢oTdaDce with the FtiCIa[ Reporti118 Standard applicabk in & UK and Re[blIC of Irel8rd (FRS102) issued in Octsber 2019 rather than the Accounting aDd Ryrtsng by (Jwitie5'. Ststement of ReCleth Practi¢¢ eff¢c¢iv¢ from 1st April 2(K15 which ha5 sirKe been widKlrxvrn. The trtee$ wo3id¢r that there are Tr) llutcr1 un¢ertainliN about th¢ Chuityj abilty to nI1U¢ &8 a 8Oiti8 All Incon is reco8niseA in the Ststemcnt of Financial Activities 0e the cbty has ¢ntit]ernent to the fimds. il is probable that the incom¢ will bc re1Ved and the amount can be reliably. Ezpeathtu Liabilities are reco8DiJed ¥ eX[.llE ¥ sotsn &$ thtre ¥ a l¢8ai or eQDBtrucfft obli8titb)tt con11]g the charity to CXPEndiiure, it is wbable tha¢ a transfer ofe¢onorniG bcnefits will be required in settlemen¢ amd thc amount of thc obligatioD tdiably. EKpAdittw¢ is arrount¢d foT on an J¢¢ruals blS and I been classifi¢d headin8s that a88re8ate all CO relat&J to the catyry. Where costs cannot be dirECtIy 8ttribukd to particular hewJin8s they have bEen allocated to adivitics OD a basis ¢LMtsiSttht with the u6e of Grallts off¢r¢d subject to colI10n& vknith bav¢ noi bern m¢t * th¢ y¢ar ¢nd dat¢ ¥e Doted 85 a COmTDilrnellt but &s exprndith Tatt1¢ flx¢d •Its De181100 is prnvm at the following aTmual rates in to wrile off eacb asset over its utimated u5efi Offic¢ ¢quiplltht Comput¢T eqyipment . 25Y• OD rethw8hl 25Y• on cost T#xtioA All fibnds held by the ¢lwrity ar¢ wwtstyi¢l¢d I1¢h C be used in with the charitable obie¢tiv¢$ at the diretioo of thc Tnmtecs. Pag¢ 14
FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POUCIES- eomtlll•ed Investrtt¢•ts aod knves¢m¢Dt EIIN ••d IOH Stwks and shares quoted on the Imdon st Exthanse are Inclu in thr balaTKe shed #i their M¢t Value at the year end. The differen¢es Ixtw¢en th¢ market vkn and the origiDal of th¢ investsiient 8r¢ ]b)ded in the Statemcnt of Financial Acriyities. DONATIONS AND IIGACIFS 2024 2023 Donation5 Gift aid 719,145 28,(IX¥.I 7 150 OLkl 21 35 750 0(KI INVESTMENT INCOME 24 2023 Portfolio it)come Deposii a¢coutti inter¢ 276,920 55 621 2•24 2023 CHARrrABLE ACTIVITILg cosrs fiMdin8 of auivities (se¢ not¢ Supt costs (see not¢ 8) Totals Charitable giving Page IS eorttinued..
ANC ATEMEN ENDED 31ST MARCH 2024 GRANTS PAYABLE 21124 2023 awrtable givin8 61 30 392 550 The tothl payable io iThStilut1r ID the p1 were as folknv&" 31J24 31.3.23 Speakers for Schools tAW Fornily Edu¢t21 Tntyt National Portrait Gallery Pro Bono Eeon¢Jmi New Tav Youth café The Centre for Sttial Jusli¢¢ Policy Exchao8e Game & Wildlif¢ conservati Tn Manclhestu City in the Cthllmrrity Royal Shakespeare Cowy &>utherby's In5tibJte Icultswal leaders pmAr) The Savage FodatiAide Slllne Ailaniic Partoerthip t¢lass- Stsg¢ Right Other donations under£l.or Maggi¢'s 4.743.• iJ9O,•00 8,71xI.() 3,rKKI,( 319.3CiI 140,0 7SOOO .000 000 120, 50,OC 75,000 6,527 3926 3.832 I,(w,( 8.106.674 The Earthshot Prize The Scicncc Th¢ Fory Tnt Th¢ Sutton Tnjst Finito Education Limi Britlsh Fashion Council Art Hislory Link_up PhotOgrap1r$ Gall¢ry The AtlaDtic PartheTrh 3.(M)),LKKI 3.1,(• 888.617 33.( 15,Otxi 15,0(Ml 7.500 1.100 FTan¢is Hollattd Torai grnnts to organisai¥ons GTrllts payabl¢ to inth"vNlual$ ITh the paK#J: A Williams MBE- for the blICation of Racivti in Foothall Other donatioDs urth£I.O &460hfj6 30J87.550 5,000 6 30 392 $50 Pag¢ 16 ¢oniiAua...
UNDATION THE FINANCIAL STATEMEKrs. R THE YEAR ENDED 31ST MARCH 2024 SUPPORT COSTS Costs Totsls 19 Support costs. Iluded in the ab(>v< we as follows: 2•24 Charitsble givin8 2023 Total activities Ren¢ 25J31 Offlce costs Advcrtisin Depreci&iio 7W3 &255 1,043 42 Goveroaoet Costs 2024 2023 Totsl ¥¢tiviti¢s ghving Auditor¢ remun¢ratiott 2J40 9J7S 2,288 2S1 Consultancy Legal fees 19 TRUSTELS, REMUNERATION AND BENEFITS No Intytee rKeived aoy renumOrt except ¢imsult¥ncy fe¢$ of £9.375 (2023 . £25,(W) rlArged by Rog¢r SAdewsky (tn1¢¢) frjr 4 VOTi¢ty of SPlfi¢ non-ttw Wrt inchth8 due diliseDce and mODLtoring of f4uknkd Thrrr were no trustees, expensts paid for the year ended 31st March2024 nor for the year ethled 3161 March 2017. Page 17 continued..
THE IAW F FOR T MARCH 21114 11 STAFF COSTS 11. TANGIBLE FIXED ASSETS uipnTht equipnKni C05T At 1st April 2023 and 31•t Marth 2024 DEPRECIATION At 1st April 2023 LThw8e rory 42 42 At 3 1st March 2024 NET BOOK VALUE At 3 1st Marth 2024 126 At 3 1st Mar¢b 2023 168 11 FIXED ASSET INVLSTMEiYrs C&8h and settlernents MARKETVALUE At 1st April 2023 Additio 76.76S4811 I¥37747 (2•.720.¢M) 74829,462 183TIJ47 I.IK13928 (19,71&072) Rev31uations At J 1st Marth 2024 l Q67 9111 434 NET BOOK VALUE Ai 3 ist Mar¢b 2024 At 3 Ist March 2023 76 765 480 76 829 462 H1#or11 cosl of investrts at 31 Mah 2024 £54.101.iKKI(31 M•Kch 2023: £61.424.fXK)). Page 18 ¢ontinue(L..
THE W FAMILY TO THE FINANCIAL STATEMEN FOR THE YEAR EIYDED 31ST MARCH 2024 13. CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YL4R 2024 2023 Gtants payabk 5103082 4.840328 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THhlY ONE YEAR 2023 Grants yble 5 790 020 I& MOVEMENT IN FUNDS Nct ovemeni At 1.4.23 31.324 Unrertrkt Gertera] Ojttd 740256 (2J49J92) 7252 49 72 52 Net mov¢JneJ)t ill iluded ID th¢ •lw¢ aT¢ as followT: Mov¢m¢nt in fimds losse5 G¢tJrdl fund lJ20J8• 18J24J69) W97 1¥749,992) TOTAL FUNDS Com[41fvel for nwvewe#t ltt [d$ Net At 31.3.23 At 1.4.22 in funds UrestrIcted General fiuwj 68.761.(KJ6 141,850 74.902.856 6 141850 74 902 856 Page 19 continued...
FOR THE YEAR ENDED 31ST MARCH 2024 Gains gnd Moyemettt Unrestrlrted 36.073.6 {30.488JI I) 557.155 6.141.850 TDTAL FUNDS 557 155 6 141 850 I& CONTINGEKT UABIL There is o ¢onth)8enl liability present for 8rant ward&J to ProBoM Economics totallin8 £2(Kl.(l)O. The 8rant is contingenl ProBo1 FLOrS xbievin8 a level of fixulin8 that will then be rnatched by The L*w Family Charitable Foundation in the 2025 yf•X. 17. rtteived * 1#1 of £6ffi33.CKKI in 8rnnts froth The Law Family allble FjAtIo in th¢ period ¢fftd¢d 31st 2024. The IAW Family Educaiional TTUSt esthbli51Kd to 5UPPOrt the Lawu5 TTUSI (a Multi A¢•d¢my Tntst) to provide sponsorship atMI fuTh]ith8 ¢0 sdw)ols and e&b¢Inl progTrnfftes in the Manrhestu are& The IAW Family EtIonal TnA%t is wbolly futsdedbyTr Law F•thily Cbritsbk Fouoth Mr A E Iaw is the chairman and cbief executKve officer of Cuton Associths. Ai 315t March 2024 Th¢ Law Family cIlbIe Foundation held invathnts worfh £30.056.288 which 15 by CaKts)n AwKtates. Try did not charge Y InveStsn man•gemthi fees thwing the year. Mr A E tAw is a tnLStee of The taw Famify awfitable who rnp•Je total donations ID thr year of £718.706 which qualified forgift ¥1 Pa8e 20
THE DAlLED STATEME OF FThANCIAL AlEs OR THE YEAR ENDED TMAR 2024 2024 2023 Don•009 •nd leeade5 Donations Gift aid 719.145 2(61,(1 198122 35.750,OLXI InvestheDt Ill¢ Portfolio incomc Dcpo8it acc04Wt iThtcr¢st 56S,983 55 276,920 621 Total Intokn¥ Ttuour IJ2O,•J80 36,073.Th)6 Investment tnNgernent costs 41174 20,545 Chlrftable &¢tlvltles Maggie's events Gratlts ¢0 iostinitions Grants to individuals 2.800 30J87,550 8.46ffj6Q6 8A613O6 30,395.350 Support ¢o$ts M*nag¢meot Rent 2&468 U04 7W3 iJ68 42 25,331 2,483 8,255 1.043 56 Offic¢ c05t5 Adycrlising Offi¢¢ equipnKni 4ffj015 37.168 GOvÈrMet Auditors, rrmuneraiion Accouotancy ConWltsY Legal f¢¢5 2J40 9J75 2.288 25.iNYJ 19 35 Tothl resourc eXd 569 30 488 311 Net (expElldliU}f1Nc0rnt before galns •md (7,•)V891 5,584.695 P4e21
CHAIUTABLE TAI STA FOR ThE YEAR ENDKD 31ST MARCH 2024 2024 2023 Gau(LoS5e5I on fixed asset inveslments 97 557 155 Net {expendIrty1tyt•m¢ 6 141850 This page thes part of the staTht( f#Wla1 slattments