Company number.. 08ll7765 Charity number. ll48962 TEAM LEWIS FOUNDATION (A company limited by guarant) TRUSTEES, REPORT AND UNAUDITED STATUTORY ACCOUNTC FOR THE YEAR ENDED 31 JULY 2024
TEAM LEWIS FOUNDATION (A company rnited by guarantee) CONTENTS Page Legal and administrative information Trustees, report ststement of trust. responsibilities Independent examiner's report statement of financial activities Balance sheet Notes to the accounts 8-10
TEAM LEWIS FOUNDATION (A company rnited by guarantee) LEGAL AND ADMINISTRATIVE INFORMATION TNstees C N Lewis J M Oehlcke E A Wittermann Company secretary S L Aitchison Company registered number 08117765 Charity registered number 1148962 Registered address Top Floor 50 Electric Boulevard London SWII 8BJ Accountants S&W Partners LLP Accountants Onslow House Onslow Street Guildford Surrey GUI 4TL Independent examiner Keir Singloton S&W Partners Audit Limited Webster House 22 Wycombe End Beaconsfield Buckinghamshire HP9 INB Page I
TEAM LEWIS FOUNDATION (A company rnited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2024 The trustees Iwho are also directors of the charity for the purposes of Company lawl present their annual report and statutory accounts for the year ended 31 July 2024. The statutory accounts comply with the Charities Act 2011. the Companies Act 2006, the charity s governing document and Accounting and Reporting by Charitios.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Objects and activities The objects of the Charity are to promote the creative arts through giving grants. bursaries. other payments or other forms of asslstance to individuals in full or part time education or to educational institutions attended by such beneficiaries to enable them to continue or undertake a course of study or training relating to the creative arts,. or to enable them to travel abroad to pursue their education in tho creative arts. The trustees confirm that they have had regard to the Charity Commission's published guidance on public benefit. Achievements and perfomian The Lewis Commuriications Group continues to develop its major giving program. While this is formally separate from Team Lewis Foundation. it uses common branding with the Foundation to assist in the promotion of this initiative. The Group provides every employeo in the group up to £l.000 to donate to a charity of their choice and gives each employee a matching bonus for each donation the Group makes. Many employees choose to donate this bonus to charity as well. In total. the Group donatod £658,000 during the year to over 500 charities. In addition to the cash donations. pro bono marketing support was provided to many of these individual charities. The Trustees, believe that this is one of the largest employee-directed phitanthropic programmes in the marketing communications industry. It is not only worthwhile in its own terms. but is also an important contributor to staff recruitment and retention. The work done was rocognised extensively by the marketing and philanthropic industries - ten awards were won during the year. Going concem The trustees consider that the charity is a going concern as Lewis Communications Limited provides funding and will be able to honour any liabilities. Flnancial review The charity is funded by donations from Lewis Communications Limited. Lewis Communications Limited has undertaken to provido sufficiont funds to meet its grant and other commitments and therefore it is not considered necessary for the charity to accumulate reseres. At the year end. there were reserJes of £2,81912023. a net deficit of £7,107). structure, govemance and management Team Lewis Foundation was established by a memorandum and articles of association dated 25 June 2012. The Charity is a company limited by guarantee not having any share capital and is registered with the Charity Commission number 1148962. The trUstS, who are also directors for the purposes of company law, who served during the year were.. C N Lewis J M Oehlcke E A Wittermann The charity has no employeos and is managed by the trustoes. Page 2
TEAM LEWIS FOUNDATION (A company rnited by guarantee) TRUSTEES. REPORT Icontinuedl FOR THE YEAR ENDED 31 JULY 2024 The trustees have reviewed the risks to which the charity may be exposed and are satisfied that controls have been established to mitigate them. New charity trustees are elected by the members or co-opted by the existing trustees. Related party transactions Lewis Communications Limited is a related party by virtue of the company being controlled by C N Lewis, a trust of the charity. During the year Lewis Communications Limited made donations to the charity totalling £40.00012023. £17.3981. During the year C N Lewis donated £6.18512023'. £nill. This report was approved by the Trustees and signed on their behalf by.. J M Oehlcke J M OehLcke Trustee and director Date.. 29 April 2025 Page 3
TEAM LEWIS FOUNDATION (A company rnited by guarantee) TRUSTEES, RESPONSIBILITIES The Trustees (who are also directors of Team Lewis Foundation for the purposes of company Lawl are responsible for preparing the Trustees. report and the statutory accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. Company law requires the Trustees to prepare statutory accounts for each financial year. Under company law the Trustees must not approve the statutory accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing these statutory accounts, the Trustees are required to.. seloct suitable accounting policies and then apply them consistently.. observe the methods and principles of the Charities SORP". make judgements and accounting estimates that are reasonable and prudent., stste whether applicable UK Accounting Standards have been followed.. and prepare the statutory accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trust5 are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the statutory accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for tho prevention and detection of fraud and other irregularities. In preparing this report. the trustees have tsken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Page 4
TEAM LEWIS FOUNDATION (A company rnited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEAM LEWIS FOUNDATION Ithe'charity'l I report to the trustees on my examination of the statutory accounts of Team Lewis Foundation for the year ended 31 July 2024, which comprise the Statement of Financial Activities. the Balance Sheet and the notes to the statutory accounts. including a summary of significant accounting policies. Respective responsibltIeS of trustees and examiner and basis of repo As the trustees of the charitable company land also the directors for the purposes of company lawl you are responsible for the preparation of the statutory accounts in accordance with the requirements of the Companies Act 20061.the Companies Act'l and the Charities Act 20111'the Charities Act'l. Having satisfied myself that the statutory accounts of the charitable company are not required to be audited under Part 16 of the Companies Act and are eligible for independent examination. I report in respect of my examination of the charity s statutory accounts carried out under section 145 of the Charities Act 20111'the Charities Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 1451511bl of the Charities Act. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in onnection with the examination giving me cause to believe that in any material respecL' accounting records were not kept in respect of the charitable company as required by sectior) 386 ofthe Companies Act.. or the statutory accounts do not accord with those records., or the statutory accounts do not comply with the accounting requirements of soction 396 of tho Companies Act other than any requirement that the statutory accounts give a 'true and fair, view which is not a matter considered as part of an independent examination". or the statutory accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practico for accounting and reporting by charities applicable to charities preparing their statutory accounts in accordance with the Financial Reporting Standard applicable in the UK IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Keir Singlelon Keir SingLeton Fellow of The Institute of Chartered Accountants in England and Wales S&W Partners Audit Limited Webster House 22 Wycombe End Beaconsfield Buckinghamshire Hpg INB Date.. 29 April 2025 Page 5
TEAM LEWIS FOUNDATION (A company rnited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND pENDITURE ACCOUNT FOR THE YEAR ENDED 31JULY 2024 Unrestricted funds 2024 Total funds 2023 Note Income from.. Donations 46,185 17,398 Total income 46,185 17.398 Expenditure on.. Charitable activities and support Costs 36.259 36.469 Total expenditure 36.259 36.469 INCOME / IEXPENDITUREI NE[ INCOMING /IOUTGOINGI RESOURCES AND MOVEMENT IN FUNDS 9,926 (19.071) 9.926 (19.071) RECONCILIATION OF FUNDS.. Deficit brought forward at l August 2023 (7.1071 11,964 2.819 (7,107) FUNDS/IDEFICITI CARRIED FORWARD AT 31 JULY 2024 All funds are unrestricted. All activities are classed as continuing. There are no recognised gains or losses other than those passing through the Statement of financial activities. The notes on pages 8 to 10 form part of these statutory accounts. Page 6
TEAM LEWIS FOUNDATION IA company rnited by guarantee) REGISTERED NUMBER.. 08117765 BALANCE SHEET AS AT31JULY 2024 2024 2023 Note CURRENT ASss Cash at bank and in hand 13,795 892 LIABILITIES.. Creditors.. amounts falling due within one year 110.9761 (7.999) CURRENT ASSETS/ILIABILITIESI 2,819 17.107) ASss/{LIABlLITlEs 2.819 17.107) INCOME FUNDS Unrestricted funds 2.819 (7.1071 TOTAL FUNDS/IDEFICIT) 2,819 (7.107) The trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 1.the Act'l and members have not required the company to obtain ari audit for the year in question in accordance with section 476 of the Act. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of statutory accounts which give a true and fair view of the state of affairs of the company as at 31 July 2024 and of its net incoming resources for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to statutory accounts. so far as applicable to the company. The statutory accounts have been propared in accordance with the provisions applicable to companies subject to the small companies. regime The statutory accounts were approved by the Trustees and signed on their behalf by.. J M Oehlcke J M OehLcke Trustee and director 29 April 2025 Date The notes on pages 8 to 10 form part of these statutory accounts. Page 7
TEAM LEWIS FOUNDATION (A company kn'mited by guarantee) NOTES TO THE STATUTORY ACCOUNTS FOR THE YEAR ENDED 31JULY 2024 Accounting F)olicios 1.1 General information Team Lewis Foundation is a private limited company, limited by guarantee, incorporated in England and Wales with registration number.. 08117765. The registered office address is Top Floor 50 Electric Boulevard. London, SWII 88J. The charity meets the FRS102 definition of a public benefit entity. L2 Basis of preparation The statutory accounts have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with FR5102 the Financial Reporting Standard applicable in the UK ènd Republic of Iretand (effective l January 20191. and the Charities Act 2011 and applicable regulations. The ststutory accounts are presented in sterling which is the functional currency of the charity and rounded to the nearest whole pound. L3 Incoming resources All incoming resources are recognised once the charity has entitlement to the resources. it is certain that the resources will be received and the monetary value of incoming rosourcos can be measured with sufficient reliability. L4 Resource5 expended Expenditure is included in the Statement of Financial Activities on an accruals basis. Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates. Grants payable are payments made to third parties in the furtherance of the charitable objects of the Charity. Single or multi-year grants aro accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trust*s have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Charity. LS Funds All the funds are unrestricted and undesignated. L6 Going concem The statutory accounts have been prepared on the going concern basis as the trustees consider that there are no material uncertainties relating to the charity s ability to continue as a going concern. Page 8
TEAM LEWIS FOUNDATION (A company kn'mited by guarantee) NOTES TO THE STATUTORY ACCOUNTS FOR THE YEAR ENDED 31JULY 2024 Accounting F)olicios Icontinuédl L7 Charitable activities Costs of charitable activities include grants made to sponsored students and support costs. Employee5 The charity did not have any employees during the year12023'. none). Analysis of total rescources expended Charitsble actimties expenditure 2024 2023 Grants to individuaLs: Grants to individuals 31,360 31,267 Total direct charitable expenditure 31,360 31,267 Support costs.. Governance costs.. Accountancy fees Independent examiner's fees Bank charges 3,396 1,320 183 5.018 184 Total support costs 4.899 5.202 Total charitable activities cost 36,259 £ 36.469 Creditors.. Amounts faing due within one year 2024 2023 other creditors Accruals 2,981 7.995 7,g99 10.976 7,g99 Page 9
TEAM LEWIS FOUNDATION (A company kn'mited by guarantee) NOTES TO THE STATUTORY ACCOUNTS FOR THE YEAR ENDED 31JULY 2024 Accounting F)olicios Icontinuédl Related paty transactions Lewis Communications Limited is a related party by virtue of the company being controlled by C N Lewis, a trustee of the charity. During the year Lewis Communications Limited made donations to the charity totalling £40.00012023. £17.3981 During the year C N Lewis donated £6,18512023.' £niD. Trustees, remuneration and expenses During the year no trustees were paid any remuneration nor reimbursed expenses12023.' none). Page 10