## THE CILEX FOUNDATION
(Registered No. 11995446)
## TRUSTEES' REPORT AND FINANCIAL STATEMENTS
## FOR THE YEAR ENDED
31 DECEMBER 2024
Registered Office: 2nd Floor, The Pinnacle Midsummer Boulevard Milton Keynes MK9 IBP
## The CILEX Foundation
Company Information
Reference and Administrative Information
## Trustees:
The following Trustees held office during the year to 31 December 2024 and up to the date of this report:-
His Hon Judge Marc David Dight Angus Duncan Maclver
Resigned on 17 July 2024 Ian David Hunt Thomas John Edward Morgan Emma Davies Abbey Webb Appointed on 05 March 2024 Christine Baer Appointed on 05 March 2024
## Registered Office and operational address:
2nd Floor, The Pinnacle, Midsummer Boulevard, Milton Keynes. MK9 IBP
Charity Number: 1185862
Independent Examiners:
Mercer & Hole LLP
The CILEX Foundation
Trustee and Directors' Report
For the Year Ended 31 December 2024
## Report of the Trustees
## For the year ended 31 December 2024
## Objectives and Activities
The CILEX Foundation is a registered charity (charity no.1185862) offering charitable grants and support to members of the Chartered Institute of Legal Executives (CILEX). The Charity operates within England and Wales and supports CILEX Lawyers, current and former members of the profession and their dependents.
The CILEX Foundation administers an academic support fund by way of scholarships, bursaries and grants. The CILEX Foundation may support any other charitable cause which it feels furthers these charitable aims. These charitable activities are funded by donations, both from CILEX directly, and from other fundraising streams.
## Achievements and Performance
- During the year, the Foundation awarded the following scholarships, bursaries and grants: • 10 Scholarships, covering the costs of training to become CILEX lawyers to candidates from underrepresented backgrounds.
- • 13 CILEX Foundation Bursaries, providing funding to CILEX members to access training and continue their studies.
• Over E124k in scholarships and bursaries were awarded, supporting students progress their legal careers.
In 2024, the CILEX Foundation also piloted a new programme, the Millicent Grant Career Enhancing programme, offering mentoring, networking and career support.
## Financial Review
As at 31st December 2024, the Foundation is holding reserves of €165,078, comprising unrestricted reserves of E40,404 and restricted reserves of f124,674. These funds are held to be utilised in support of the Foundations activities through 2025.
## Structure, governance and management
The CILEX Foundation is a company limited by Guarantee registered with the Charity Commission. The Foundation operates [as a limited company] under its Memorandum and Articles of association.
The Trustee Board comprises at least 3 Trustees who are appointed by the Charity's Member (CILEX). This will include at least one Independent Trustee and at least two Trustees who are office holders of CILEX.
Trustees, upon induction, are provided with guidance from the Charity Commission on public benefit and their responsibilities. Further, Trustees receive an update/refresher training from the Charity Lead each year on their key responsibilities.
Page
## The CILEX Foundation
Trustee and Directors' Report
For the Year Ended 31 December 2024
During and enlisted the reporting the support period, of a Trustees specialist committed fundraising to strategist a fundraising to further and income this area generation of work. This strategic aligns withplan the longer term strategy to provide a sustainable and reliable source of support to members, satisfying our charitable aims.
Day to day management is delegated to CILEX, as the Member. A Charity Lead is employed to oversee the activity of the CILEX Foundation, and there is a Service Level Agreement in place which sets out the day to day operational/management support for charitable activities and delegated authority forms exist setting out limits for both spending and approving incoming donations.
The CILEX Foundation has established policies which set out our grant making activities and associated procedures. The Assessment and Award — Scholarship and Assessment and Award — Bursary and Welfare Grants policies defines the aims and objectives of our Scholarship Programme, how this activity aligns with our strategic charitable aim of furthering education opportunities to underrepresented groups and sets out the nature of award to be made.
## Directors' report
The directors present their report and the financial statements for the year ended 31 December 2024.
## Directors' responsibilities statement
The directors are responsible for preparing the Directorsi Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 'Reduced Disclosure Framework'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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## The CILEX Foundation
## Trustee and Directors' Report
For the Year Ended 31 December 2024
## Principal activity
The CILEX Foundation is a registered charity (charity no. 1185862) offering charitable grants and support to members of the Chartered Institute of Legal Executives.
## Business review
The CILEX Foundation administers an academic support fund by way of scholarships, bursaries and grants. The CILEX Foundation also provides hardship grants to qualifying members of the chartered institute of legal executives. The CILEX Foundation will also engage in the promotion of Pro Bono (voluntary) work amongst its members. The CILEX Foundation may support any other charitable cause which it feels furthers these charitable aims. These charitable activities will be funded by donations, both from The Chartered Institute of Legal Executives directly, and from other fundraising streams.
This report was approved by the board on
and signed on its behalf.
His Hon Judge Marc David Dight
## The CILEX Foundation
## Independent Examiner's Report
For the Year Ended 31 December 2024
## Independent examiner's report to the trustees of The CILEX Foundation
We report on the accounts of the Trust for the year period 31 December 2024, which are set out on pages 5 to 9 of the Trustees Annual Report and Accounts and signed by the Trustees.
## Respective responsibilities of trustees and examiner
The charitvs trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
## It is our responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
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The CILEX Foundation
## Independent Examiner's Report
For the Year Ended 31 December 2024
## Independent examiner's statement
In connection with our examination, no matter has come to our attention:
(1) which gives us reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
For and on behalf of Mercer & Hole LLP
## The CILEX Foundation
## Statement of Financial Activities
For the Year Ended 31 December 2024
## Statement of Financial Activities
||||||||Year|
ended|
ended|Year
ended|Year
ended|Year
ended||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||31.12.2024|||31.12.2023||||
||||Unrestricted||Restricted|||TOTAL||TOTAL||||
|INCOMING
RESOURSES||||||||||||||
|Income
from
Donations|Note|
3||38,247||82,400|120,647||||5,372|||
|Investment
Income||||4,207||||4,207||||||
|TOTAL
INCOMING||||42,454||82,400|124,854||||5,372|||
|RESOURSES||||||||||||||
|RESOURCES
EXPENDED||||||||||||||
|Salary
Costs|Note|
4||23,153||11,577||34,730|||29,263|||
|Grants
Made|Note||||80,933|||80,933|||44,631|||
||4/5|||||||||||||
|Other
Admin
Costs|Note
4|||8,257||1690||9,947|||11,190|||
|TOTAL
RESOURCES||||31,410|94,200||125,610||||85,083|||
|EXPENDED||||||||||||||
|NET
INCOMING||||11,044|(11,800)|||(756)||(79,712)||||
|RESOURCES||||||||||||||
|TRANSFER
BETWEEN||||||||||||||
|FUNDS||||||||||||||
|NET
MOVEMENT
IN
FUNDS||||11,044|(11,800)|||(756)||(79,712)||||
|RECONCILIATION
OF||||||||||||||
|FUNDS||||||||||||||
|TOTAL
FUNDS,
Brought
forward||||29,360|136,474||165,834|||245,545||||
|TOTAL
FUNDS,
Carried||||||||||||||
|forward||||40,404|124,674/|||||165,834||||
Page 6
Balance Sheet As at 31 December 2024
## BALANCE SHEET
||||||||||||Year
ended|Year
ended|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||31.12.2024|31.12.2023|
|CURRENT
ASSETS|||||||||||||
|Debtors||||||||Note||
9||1,358|
|Cash
at
Bank
and||||in|
Hand||||||173,480|170,361|
||||||||||||173,480|171,719|
|CREDITORS|||||||||||||
|Amounts
falling|||due||within|1|
year|Note|
10||(8,402)|(5,885)|
|NET
CURRENT
ASSETS|||||||||||165,078|165,834|
|NET
ASSETS|||||||||||165,078|165,834|
|FUNDS
OF
THE|
CHARITY||||||||||||
|Restricted
Funds|||||||||||124,674|136,474|
|General
Reserve||
Fund|||||||||40,404|29,360|
|TOTAL
FUNDS|||||||||||165,078|165,834|
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the prectors and were signed on behalf of the Charity by His Hon Judge Marc David Dight on .
His Hon Judge Marc David Dight Director
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## The CILEX Foundation
Notes to the financial statements
As at 31 December 2024
Notes to the financial statements:
## 1 Basis of preparation
## 1.1 Basis of accounting
The financial statements have been prepared in accordance with the Charities SORP 2nd edition (FRS 102) (effective 1 January 2019) - Accounting and Reporting by Charities: 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 (FRS 102), Section IA the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities Act 2011 and the Companies Act 2006.
The CILEX Foundation meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
The accounts are prepared in sterling, which is the functional currency of The CILEX Foundation. Monetary amounts in these financial statements are rounded to the nearest E'O.
## 2 Accounting policies
## 2.1 Incoming resources
Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources and the resources have been received.
Grants and donations are included in the SOFA when received.
Volunteer help: The value of any voluntary help received is not included in the accounts but is described
## 2.2 Expenditure and liabilities
Expenditures are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## 2.3 Measurement basis for debtors
Prepayments are valued at the amount prepaid net of any trade discounts due.
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The CILEX Foundation
|||||||||Notes|
to|the|the|
financial
statements|
financial
statements|
financial
statements||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||As|
at|
31|
December||
2024|||||
||3|Analysis
of|||
incoming|||
resources||||||||||
||||||||||||||||2024||2023|
|||||||||||Unrestricted||||Restricted|Total||Total|
|||Donations||||||||||38,247||82,400|120,647||5,372|
|||||||||||||38,247||82,400|120,647||5,372|
|4|Analysis
of|||
resources
expended||||||||||||||
||Direct||
Costs|||||||Unrestricted||||Restricted|2024
Total||2023
Total|
||Salary||costs|||||||||23,153||11,577|34,730||29,263|
||Grants||
and
student||||
fees|||||||80,933|80,933
44,631|||
|||||||||||||23,153||92,510|115,663|73,894||
||||||||||||||||2024||2023|
||Support
Costs|||||||||Unrestricted||||Restricted|Total||Total|
|Administration||||||
costs||||||8,257||1,690|9,947||11,190|
|||||||||||||8,257||1,690|9,947||11,190|
Page 9
## The CILEX Foundation
## Notes to the financial statements
## As at 31 December 2024
||||2024||2023|
|---|---|---|---|---|---|
|5|Grant
making|activities||||
||Bursary
grants||36,165|22,164||
||Scholarship
grants||43,998||11,100|
||Welfare
grants||770||11,367|
||Total
grants||80,933||44,631|
All grants are awarded to individuals (albeit Bursary and Scholarship grants paid direct to the institution upon invoice).
||Details
of
certain|items|of|
|---|---|---|---|
|6|expenditure|||
||6.1
Trustee
expenses|||
|2024|2023|
|---|---|
|Nil|Nil|
## 6.2 Trustee remuneration
During the year ended 31 December 2024, no trustee received any remuneration or other benefits from the charity (2023: Enil).
|||||||||2024||2023|
|---|---|---|---|---|---|---|---|---|---|---|
|7.1|Staff
costs||||||||||
|||||||||||E|
||Gross
salaries||||||28,756||24,392||
||Employer's
National|||
Insurance||costs|2,713|||2,111|
||Pension
costs||||||3,261|||2,760|
||Total
staff
costs||||||34,730|||29,263|
|7.2|Average
number|
of||
employees|||||||
||Average
number|
of|
staff||employed|||1||1|
There are no employees who received total employee benefits (excluding employer pension costs) of more than E60,000.
Page 10
The CILEX Foundation
## Notes to the financial statements
||||||||As|at|31|December|2024|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||8
Independent||
Examiners|||
fees||||||||
|||||||||||||2024|2023|
||Independent|examiners|||
fees|||||||3,420|3,420|
||Total|||||||||||3,420|3,420|
|9
Debtors
and
prepayments||||||||||||||
||||||||||||2024||2023|
||Amounts
falling
due
within
one
year|||||||||||||
||Prepayments
and
accrued|||||
income|||||||1,358|
||Total||||||||||||1,358|
|10|Creditors
and
accruals|||||||||||||
||||||||||||2024||2023|
||Amounts
falling|
due
within||||
one|
year|||||||
||Trade
creditors||||||||||3,879|||
||Other
creditors||||||||||||706|
||Accruals
and
Deferred|||
Income|||||||4,523||5,179|
||Total||||||||||8,402||5,885|
Page Il
## The CILEX Foundation
## Income and Expenditure Accounts
For the Year Ended 31 December 2024
|Income|||
|---|---|---|
|Donations|120,647||
|Bank
interest
received|||
|Total
income||124,854|
|Expenditure|||
|Wages
and
Salaries|34,730||
|Grants
payable|80,933||
|Consultancy
fees|4,877||
|Insurance|1,035||
|Bank
charges|257||
|Subscriptions||322|
|Accountancy
fees|3,420||
|Sundry
costs||35|
|Total
Expenditure||(125,610)|
|Loss
for
the
year||(756)|
Page 12