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2022-04-05-accounts

REGISTERED CHARITY NUMBER: 201589

Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2022 for EDGAR E LAWLEY FOUNDATION

EDGAR E LAWLEY FOUNDATION

Contents of the Financial Statements for the year ended 5 April 2022

Page Page Page
Reference and Administrative Details 1
Report of the Trustees 2 to 7
Report of the Independent Examiner 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 13
Detailed Statement of Financial Activities 14

EDGAR E LAWLEY FOUNDATION

Reference and Administrative Details for the year ended 5 April 2022

Trustees J H Cooke (Chairman) F S Jackson OBE P J Cooke L L Cooke K A Coates Principal address PO Box 456 Esher Surrey KT10 1DP Registered charity number 201589 Independent Examiner Miriam Hickson Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM1 2SW

1

EDGAR E LAWLEY FOUNDATION

Report of the Trustees for the year ended 5 April 2022

The trustees present their report and accounts for the year ended 5 April 2022.

The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102), effective 1 January 2019.

Objectives and activities Objectives and aims

The primary objects of the Foundation as set out in the trust deed are:

a) the advancement of medicine and surgery including the promotion of medical education and research and the provision of medical treatment and aid and comforts and facilities for the sick.

b) the relief and assistance of the aged and poor and

c) educational purposes.

but subject thereto, the trustees are empowered to hold the Trust Fund and the income thereof upon trust to pay or apply such income to or for such charitable purposes as they may in their absolute discretion think fit and it is the present aim of the trustees to assist smaller charities engaged in the kinds of activities mentioned below under the heading Grantmaking.

The aims of The Edgar E. Lawley Foundation are for general charitable purposes with reference to medicine, to necessitous elderly persons, and to educational purposes with reference to the arts, commerce, and industry.

Its area of benefit is undefined within the United Kingdom and grant applications are welcome, in accordance with the Foundation’s published grant application procedure, from any Registered Charity or Not for Profit organisations within the United Kingdom. The Foundation will not consider applications for grants from and on behalf of private individuals.

The Foundation maintains a preference for awarding unrestricted grants to smaller charities and in an attempt to assist as many organisations as financially practicable has in recent years tended to award grants of a set amount to each successful applicant. The current amount of grant is £1,500.

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The trustees believe that in providing grants to the organisations listed below, help is ultimately being provided to a significant proportion of the general population.

2

EDGAR E LAWLEY FOUNDATION

Report of the Trustees (continued) for the year ended 5 April 2022

Objectives and activities Grantmaking

The Foundation receives more applications than it can fund and uses six broad areas to ensure balance in its grant giving programme.

Those areas are -:

  1. Hospices

  2. Children and Young People

  3. Elderly

  4. Community

  5. Disabled

  6. Medical, Research and other Miscellaneous projects

The trustees require applications to be made via the Foundation's Online Grant Application Form available on its website https://www.edgarelawleyfoundation.org.uk

The Foundation's grants are normally wholly unrestricted to allow grantees maximum flexibility. Grants of £1,500 each amounting to £231,000 were made, during the year, to the following 154 organisations: 1 Children’s Hospice South-West

2 South Bucks Hospice

3 The Mary Stevens Hospice

4 St. David’s Hospice Care

5 Katherine House Hospice

6 East Anglia’s Children’s Hospices (EACH)

7 St. Joseph’s Hospice Hackney

8 The Myton Hospice

9 Wessex Children’s Hospice Trust

10 Primrose Hospice

11 Michael Sobell Hospice Charity

12 St. Wilfrid’s Hospice (Eastbourne) 13 Martlets Hospice 14 Mary Ann Evans Hospice 15 Ellenor Hospice

16 Richard House Children’s Hospice

17 Garden House Hospice Care

18 The Norfolk Hospice

19 Douglas Macmillan Hospice

20 St. Richard’s Hospice 21 Salisbury Hospice 22 Children Ahead

23 Dodford Children’s Farm

24 National Literacy Trust 25 Henry 26 Chris Westwood Charity for Children

27 Sudden Productions

28 New Vic Theatre 29 Growing Hope 30 Stem4 31 Life Cycle UK 32 Sandwell Asian Development Association

33 Acheinu Cancer Support

34 Kurdish House London

35 Bliss – The National Charity for the Newborn

36 Change Birmingham Brief Therapy

37 Team Oasis Children’s Charity 38 Kingswood Trust

3

EDGAR E LAWLEY FOUNDATION

Report of the Trustees (continued) for the year ended 5 April 2022

Objectives and activities

39 The Jericho Foundation 40 Families United Network 41 Sport 4 Life UK 42 My Time Young Carers 43 Birmingham Royal Ballet

44 The Happy and Healthy Trust 45 Believe to Achieve

46 Gwealan Tops Adventure Play 47 Duchenne UK

48 St. Francis’ Children’s Society 49 The Gap (Sutton Coldfield)

50 Belarussian Victims of Chernobyl

51 Dorset Mind 52 The Amber Foundation 53 Ulster Orchestra Society 54 Bentley Beginnings 55 Kids Cancer Charity 56 Gospel Oak Community Forum

57 Warwickshire Young Carers 58 Get Set Girls 59 Love for Life 60 The Haven Wolverhampton 61 Autism Wessex 62 Lichfield Garrick Theatre 63 Leadership Through Sport and Business 64 Tools 4 Teens 65 Safeline 66 Happy Days Family Group 67 George Coller Memorial Fund 68 Koi Bonaich 69 Ormiston Families 70 Tea Pot Trust 71 Teen Action 72 Over the Wall 73 Children and Families in Grief 74 Newman Youth Community Association 75 Home-Start High Peak 76 Wellspring Therapy and Training 77 Family Support Derbyshire 78 Birmingham Children’s Hospital 79 Ryders Green Methodist Day Centre

80 Dolphin Society 81 Axe Valley Ring and Ride 82 Sandwell Youth in Action 83 Home from Hospital Care 84 Age UK Birmingham 85 InterAct Stroke Support 86 Birmingham City Mission 87 NHS Pensioners Trust 88 Basingstoke & Alton Cardiac Rehabilitation Charity 89 Hot Line Meals Service (London)

90 St. Mark’s Church, Oscott 91 Painshill Park Trust 92 LawWorks 93 The Compassionate Friends 94 Acacia Family Support 95 West Midlands Anti-Slavery Network

96 Franche Community Church & Wyre Forest Food Bank 97 Red Trust Bushey

98 SIFA Fireside 99 Parenting Mental Health

100 Azad Kashmir Welfare Association

4

EDGAR E LAWLEY FOUNDATION

Report of the Trustees (continued) for the year ended 5 April 2022

Objectives and activities

101 Gilgal Birmingham

102 Help Appeal, County Air Ambulance Trust

103 Working Class Movement Library

104 St. Gabriel’s Centre, Weoley Castle

105 Oakleaf Enterprise 106 Mind in Somerset

107 The Laverton Institute 108 Friends of Cotteridge Park 109 Staffordshire Sexual Health Charity

110 The Veterans Farmable Foundation

111 The Old Vic Theatre Trust 2000

112 Exeter Food Action 113 Community Money Advice South Wiltshire 114 British Liver Trust 115 Birmingham Settlement 116 The Friends of Conway Park 117 The Chiltern Centre 118 Children’s Liver Disease Foundation

119 The Meath Epilepsy Charity 120 Crohn’s & Colitis UK 121 Newent Association for the Disabled 122 Marches Family Network 123 Smiling Families 124 Strongbones Children’s Charity 125 Calvert Trust Exmoor 126 Worcester Snoezelen 127 The Disabled Sailors Association 128 The Open Doors Project 129 Headway – the brain injury association 130 Noah’s Place Care Farm 131 Living Options Devon 132 Solihull Moors Foundation 133 Walsall Society for the Blind 134 Caring Breaks 135 Dogs for Good 136 Haworth Riding for the Disabled 137 Boccia England 138 Allsorts Gloucestershire 139 Douglas Bader Foundation 140 Oxfordshire Association for the Blind 141 Soundabout 142 Listening Books 143 Crohn’s & Colitis Relief 144 Twins Trust 145 Prostate Cancer UK 146 Target Ovarian Cancer 147 Antibiotic Research UK 148 The Brain Tumour Charity 149 Wellbeing of Women 150 Action on Pre-Eclampsia 151 Thames valley Air Ambulance 152 Retina UK 153 Tommy’s 154 Breast Cancer Now

5

EDGAR E LAWLEY FOUNDATION

Report of the Trustees (continued) for the year ended 5 April 2022

Achievement and performance

Investment performance

The Foundation's investments comprise quoted stocks most of which are within the FTSE 100 & 250 indices. The investment policy of the trustees is to achieve a balanced portfolio with the aim of securing a reasonable level of income and a degree of capital appreciation. The investments are managed on a discretionary basis by EFG Harris Allday.

The market value of quoted stocks held at 5 April 2022 (including cash held for investment) totalled £5,122,832 compared with a total value of £4,767,136 at 5 April 2021.

Financial review

Principal funding sources

The Foundation's principal funding source is income from its portfolio of investments.

Reserves policy

The capital settled on the Foundation by the Founder, adjusted by net gains on investments, is restricted and therefore represents a permanent endowment from which only the income arising therefrom can be spent. The unrestricted funds available to the Foundation have arisen solely from previous years undistributed income. The trustees aim to maintain a consistent level of grant distribution each year and having regard to variable factors such as fluctuating investment returns have used their unrestricted funds, as a reserve, to achieve that consistency. The trustees will at an appropriate time consider availing themselves of the opportunity that is now permitted with regard to permanent endowment by the possible adoption of a ‘total return’ approach to their investment management.

,

The Foundation awarded grants during the year of £231,000 (2020/21 - £225,000).

Future plans

The Foundation intends to continue with its well-established annual grants programme. The Foundation will continue to monitor and adapt its programme of grants to ensure that its funds are used to best effect.

Structure, governance and management

Governing document

The Edgar E. Lawley Foundation is a grant giving Charitable Foundation founded in 1961 by a gift from the late Edgar E Lawley (1889 - 1977) and is controlled by its governing document, a deed of trust. It is an unincorporated charity.

The trustees who served during the year were:

K A Coates J H Cooke - Chairman

L L Cooke

P J Cooke F S Jackson OBE – Administrative Trustee

Organisational structure

The charity has no staff. The day to day running of the charity is dealt with by the Administrative Trustee. The trustees collectively make all decisions.

Recruitment and appointment of new trustees

It is not currently the intention of the trustees of the Foundation to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and induction procedures.

Related parties

Details of transactions with trustees and related parties are given in the note 6 to the financial statements.

Risk management

The trustees have assessed the major risks to which the charity is exposed and are satisfied systems are in place to mitigate exposure to the major risks.

6

EDGAR E LAWLEY FOUNDATION

Report of the Trustees (continued) for the year ended 5 April 2022

Statement of trustees' responsibilities

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, FRS 102 and the Charities Act 2011 and the provisions of the trust deed requires 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 resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with FRS 102 and the Charities Act 2011, and the provisions of the trust deed.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 29[th] day of July 2022. and signed on its behalf by:

....................................................................

J H Cooke – Chairman of Trustees

8

Report of the Independent Examiner to the Trustees of Edgar E Lawley Foundation

Independent examiner’s report to the trustees of Edgar E Lawley Foundation

I report to the charity trustees on my examination of the accounts of the Edgar E Lawley Foundation (the Foundation) for the year ended 5 April 2022 set out on pages 9 to 13.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Foundation’s accounts as carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Foundation as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

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.

Miriam Hickson CTA FCA Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM1 2SW

Date:

9

EDGAR E LAWLEY FOUNDATION

Statement of Financial Activities

for the year ended 5 April 2022

Unrestrict Endowmen 2022 Unrestricte Endowme 2021
ed t Total d nt Total
Not Fund Fund funds Fund Fund Funds
e £
£ £ £ £ £
Income and
endowments from
Investment income 4 205,707 - 205,707 215,916 - 215,916
Expenditure on
charitable activities
General fund 5 (242,596) - (242,596) (237,200) - (237,200)
Net gains/(losses) on
investments 24,027 366,668 390,695 61,023 831,119 892,142
NET INCOME/
(EXPENDITURE)AND (12,862) 366,668 353,806 39,739 831,119 870,858
NET MOVEMENT ON
FUNDS
Reconciliation of
funds
Total funds brought
forward 326,892 4,441,064 4,767,956 287,153 3,609,945 3,897,098
Total funds carried
forward £314,030 £4,807,73 £5,121,76 £326,892 £4,441,06 £4,767,956
2 2 4
__ ____ _____
___ ____ _____

10

EDGAR E LAWLEY FOUNDATION

Balance Sheet as at 5 April 2022

Not
e
Fixed assets
Investments
7
Current assets
Cash at bank
Creditors
Amounts falling due
within one year
8
Net current assets
Total assets less
current liabilities
NET ASSETS
Funds
Unrestricted funds
Endowment funds
Total funds		 Unrestricte
d
Fund
£
315,100
130
(1,200)
_
(1,070)
_
314,030
__
314,030		 Endowment
Fund
£
4,807,732
-
-
_
-
_
4,807,732
__
4,807,732		 2022
Total
funds
£
Unrestricte
d
Fund
£
5,122,832
326,072
130
5,860
(1,200)
(5,040)
_
_
(1,070)
820
__
_
5,121,762
326,892
__
__
5,121,762
326,892
314,030
4,807,732
____
5 ,
121,762		 Endowmen
t
Fund
£
4,4541,064
-
-
_
-
_
4,441,064
___
4,441,064		 2021
Total
Funds
£
4,767,13
6
5,860
(5,040)
_
820
_
4,767,95
6
______
4,767,95
6
326,892
4,441,06
4
__
4,767,95
6

12

The financial statements were approved by the Board of Trustees and

authorised for issue on the 29[th] day of July 2022 and were signed on its behalf by:

J .H.COOKE - TRUSTEE

13

EDGAR E LAWLEY FOUNDATION

Notes to the Financial Statements for the year ended 5 April 2022

1. Charity information

Edgar E Lawley Foundation is an unincorporated charity (Registration number: 201589) operating throughout England and Wales. The registered office is PO Box 456, Esher, Surrey, KT10 1DP.

2. Accounting policies

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ' 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 (FRS102) (effective 1 January 2019)', Financial Reporting Standard 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost as modified by the revaluation of investments.

The financial statements are prepared in Sterling, which is the functional currency of the charity. Monetary amounts are rounded to the nearest £.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, and it is probable that the income will be received and the amount can be measured reliably.

Investment income is stated on a receivable basis. Realised gains and losses arising on disposal of investments are separately identified in the Statement of Financial Activities.

Cash and Bank

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

Financial instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Creditors

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

14

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

15

EDGAR E LAWLEY FOUNDATION

Notes to the Financial Statements (continued) for the year ended 5 April 2022

2. Accounting policies (continued)

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Investments are stated at fair value at the balance sheet date. All movements in value arising from investment changes or revaluation are included in the statement of financial activities. Gains or losses on investments are calculated as the difference between the disposal proceeds and the carrying value.

Going concern

There are no material uncertainties about the charity’s ability to continue its operations.

3. Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

4. Investment income

4.
Investment income
Dividends from listed investment
Deposit account interest
5.
Expenditure
Charitable activities
Administration fees
Grants to institutions
Support costs
Governance costs
Examiner’s remuneration		 2022
£
205,700
7
205
,707
2022
£
6,931
231
,000
237,931
3,465
1
,200
242
,596		 2021
£
215,898
18
215
,916
2021
£
6,773
225
,000
231,773
3,387
2
,040
237
,200

16

EDGAR E LAWLEY FOUNDATION

Notes to the Financial Statements - continued for the year ended 5 April 2022

6. Related party transactions

Mr F S Jackson OBE FCCA, a trustee, received fees during the year amounting to £9,000 (2021: £9,000) in respect of work for the Foundation, not related to his duties as a trustee. The payment of fees to a trustee is permitted by the Foundation`s trust deed.

During the year, expenses amounting to £1,000 (2021: £800) were reimbursed to one trustee wholly in respect of disbursements made for costs incurred on behalf of the Foundation. There are no other related party transactions.

The Trust has no employees.

7. Fixed asset investments

Fixed asset investments
Listed
investments
£
Market value
At 6 April 2021 4,767,136
Additions 366,683
Disposals (401,682)
Revaluations 390,695
At 5 April 2022 5,122,832
Net book value
At 5 April 2022 5,122,832
At 5 April 2021 4,767,136

Notes: There were no investment assets held outside the UK. The above investments have at 5 April 2022 a book (historical) value of £4,078,756 . All equity investments are measured at fair value through statement of financial activities.

8. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2022 2021
£ £
Other creditors and accruals 1
,200		 5
,040

17