**REGISTERED CHARITY NUMBER: 201589**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2024 for EDGAR E LAWLEY FOUNDATION**
**EDGAR E LAWLEY FOUNDATION**
**Contents of the Financial Statements for the year ended 5 April 2024**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|6|
|**Report of the Independent Examiner**||7||
|**Statement of Financial Activities**||8||
|**Balance Sheet**||9||
|**Notes to the Financial Statements**|10|to|12|
|**Detailed Statement of Financial Activities**||13||
**EDGAR E LAWLEY FOUNDATION**
**Reference and Administrative Details for the year ended 5 April 2024**
|**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 CTA FCA|
||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 2024**
The trustees present their report and accounts for the year ended 5 April 2024.
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 £2,000 per successful applicant..
## **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 2024**
## **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 during the period August to October inclusive each year.
The Foundation's grants are normally wholly unrestricted to allow grantees maximum flexibility. Grants of £2,000 each amounting to £200,000 were made, during the year, to the following 100 organisations selected from in excess of 1,200 applications:
|1|ABC to read|
|---|---|
|2|Action on Pre-eclampsia|
|3|AGE UK Solihull|
|4|Al's Pals|
|5|Axis Educational Trust|
|6|Being The Cure|
|7|Bipolar UK|
|8|Birmingham City Mission|
|9|Black artists on the move|
|10|Bliss|
|11|Bolton Lads & Girls Club|
|12|Brain Tumour Support|
|13|Build on Belief|
|14|Cancerwise|
|15|Careplus|
|16|Chasdei Sholom|
|17|Chesed Car Transport|
|18|Child Brain Injury Trust|
|19|Circle Community|
|20|ClearVision Project|
|21|Core Clapton|
|22|Creating Community Space|
|23|Crohns & Colitis Relief|
|24|Deaflinks Staffordshire|
|25|Derbyshire Community Health Service|
|26|Dogs for Good|
|27|East Anglia's Children's Hospices|
|28|Eastbourne Eco Action Network|
|29|Elizabeth House Cookham|
|30|Fire Ministries International Church|
|31|Gilgal Birmingham|
|32|Give. Help. Share.|
|33|Headway Birmingham & Solihull|
|34|Headway Sussex|
|35|Healthbus Trust|
|36|Home Start Birmingham North|
|37|Hospice in the Weald|
**3**
**EDGAR E LAWLEY FOUNDATION**
**Report of the Trustees (continued) for the year ended 5 April 2024**
|38|Human Rights Solidarity||
|---|---|---|
|39|Improving Lives Notts||
|40|Independent Arts||
|41|Insight Counselling, Coaching Services||
|42|InterActive Whitby and District||
|43|Isse||
|44|Kingstanding Regeneration Trust||
|45|Learning Partnership West||
|46|Lewis-Manning Hospice Care||
|47|Life and Soul Youth Work||
|48|Lifeskills Learning for Living||
|49|Made for More NI||
|50|Maidenhead Festival||
|51|Making a Difference to Maidstone||
|52|Mental Health Independent Support Team||
|53|Mind and Soul Community Choir||
|54|Motus||
|55|My Time Young Carers||
|56|NHS Pensioners Trust||
|57|Noah's Ark Children's Venture||
|58|North-West Pre-hospital Critical Care Charity||
|59|Northern Ireland Hospice||
|60|Omega, The Nat. Assoc. for End-of-Life Care||
|61|Open House (Christian Outreach) Trust||
|62|Outfit Moray||
|63|Pets in Need Herts||
|64|Prodigal Bikes||
|65|Quest for Learning||
|66|Rainbow Trust Children's Charity||
|67|Redditch & Bromsgrove Talking Newspaper||
|68|Sanctuary Scotland||
|69|Revive FM||
|70|Riding for the Disabled Association||
|71|Rising Stars Young People Services||
|72|Roald Dahl's Marvellous Children's Charity||
|73|Roam||
|74|Scope||
|75|Seachange Devon||
|76|Sexpression:UK||
|77|Shape||
|78|Side by Side (Children)||
|79|Spectra||
|80|St Peter & St James Hospice||
|81|St Richard's Hospice||
|82|Tarka Child Contact Centre||
|83|The Alice Cross Centre||
|84|The Home at School Association||
|85|The Jericho Foundation||
|86|The Old Mill Foundation||
|87|The Shack Food project||
|88|The Shakespeare Hospice||
|89|The Winchester Project||
|90|Totally Local Lancaster||
|91|Tube Station||
|92|Veterans' Growth||
|93|Walsall Society for the Blind||
|94|Warwickshire Young Carers||
|95|Wellbeing of Women||
|96|Wingate Special Children's Trust||
|97|Woodgate Valley Urban Farm||
|98|Yorkshire Dance||
|99|Young Lives vs Cancer||
|100|Young People First||
|||4|
**EDGAR E LAWLEY FOUNDATION**
## **Report of the Trustees (continued) for the year ended 5 April 2024**
## **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 2024 (including cash held for investment) totalled £4,170,667 compared with a total value of £4,461,880 at 5 April 2023.
## **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 treated as restricted 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 broadly 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 a future date, reconsider their current decision not to adopt a Total Return approach to their investment management.
The Foundation awarded grants during the year of £200,000 (2022/23) - £229,500).
## **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.
5
**EDGAR E LAWLEY FOUNDATION**
**Report of the Trustees (continued) for the year ended 5 April 2024**
## **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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 26[th] July 2024. and signed on its behalf by:
....................................................................
## **J H Cooke – Chairman of Trustees**
6
**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 2024 set out on pages 8 to 12.
## **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:
**7**
**EDGAR E LAWLEY FOUNDATION**
**for the year ended 5 April 2024**
## **Statement of Financial Activities**
|**Unrestricted**
**Fund**
**£**
**Income and endowments**
**from**
Investment income
4
195,382
**Expenditure**
Raising funds
Charitable activities
5
(1,158)
(212,697)
Net gains/(losses) on
investments
(13,584)
**NET**
**INCOME/(EXPENDITURE**)
**AND NET MOVEMENT ON**
**FUNDS**
(32,057)
**Reconciliation of funds**
**Total funds brought**
**forward**
254,581
**Total funds carried**
**forward**
**222,524**
**________**
|**Restricted**
**Fund**
**£**
**2024**
**Total funds**
**£**
**Unrestricted**
**Fund**
**£**
-
195,382
_214,451_
(19,340)
-
(20,498)
(212,697)
_(858)_
_(241,622)_
(226,846)
(240,430)
_(31,420)_
(246,186)
(278,243)
_(59,449)_
4,209,581
4,464,162
_314,030_
**3,963,395**
**_________**
**4,185,919**
**__________**
**_254,581_**
**__________**
|**Restricted**
**Fund**
**£**
**2023**
**Total Funds**
**£**
_-_
_214,451_
_(15,906)_
_-_
_(16,764)_
_(241,622)_
_(582,245)_
_(613,665))_
_(598,151)_
_(657,600)_
_4,807,732_
_5,121,762_
**_4,209,581_**
**___________**
**_4,464,162_**
**___________**|
|---|---|---|
8
**EDGAR E LAWLEY FOUNDATION**
**Balance Sheet as at 5 April 2024**
|**Fixed assets**
Investments
7
**Current assets**
Cash at bank
**Creditors**
Amounts falling due
within one year
8
**Net current**
**assets/(liabilities)**
**Total assets**
**plus/minus current**
**assets/liabilities**
**NET ASSETS**
**Funds**
Unrestricted funds
Restricted funds
**Total funds**|**Unrestricted**
**Fund**
**£**
207,272
17,002
(1,750)
_______
15,252
_______
222,524
________
**£222,524**|**Restricted**
**Fund**
**£**
3,963,395
-
-
__________
-
__________
3,963,395
________
**£3,963,395**|**2024**
**Total funds**
**£**
**Unrestricted**
**Fund**
**£**
4,170,667
252,299
17,002
3,482
(1,750)
(1,200)
_______
_______
15,252
2,282
______
______
4,185,919
254,581
_________
__________
**£4,185,919 254,581**
222,524
3,963,395
__________
**£4,185,919**|**Restricted**
**Fund**
**£**
4,209,581
-
-
_________
-
_________
4,209,581
_________
**4,209,581**|**2023**
**Total Funds**
**£**
4,461,880
3,482
(1,200)
_______
2,282
_____
4,464,162
________
**4,464,162**|
|---|---|---|---|---|---|
||||||254,581
4,209,581
________
**4,464,162**|
**The financial statements were approved by the Board of Trustees and authorised for issue on the 26[th] July 2024 and were signed on its behalf by:**
**----------------------------------------------- 9**
**J.H. COOKE - TRUSTEE**
**EDGAR E LAWLEY FOUNDATION**
**Notes to the Financial Statements for the year ended 5 April 2024**
## **1. Charity information**
Edgar E Lawley Foundation is an unincorporated charity (Registration number: 201589) operating throughout the United Kingdom. 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.
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.
**EDGAR E LAWLEY FOUNDATION**
**Notes to the Financial Statements (continued) for the year ended 5 April 2024**
## **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**
|Dividends from listed investment
Deposit account interest
**Expenditure**
**Charitable activities**
Administration expenses
Grants to institutions
**Support costs**
**Governance costs**
Examiner’s remuneration|**2024**
**£**
194,811
571
195,382
**2024**
**£**
27,452
200
,000
227,452
3,993
1,750
233
,195|**2023**
**£**
214,243
208
214,451
**2023**
**£**
24,045
229
,500
253,545
3,641
1
,200
258
,386|**2023**
**£**
214,243
208
214,451
**2023**
**£**
24,045
229
,500
253,545
3,641
1
,200
258
,386|
|---|---|---|---|
||||253,545
3,641
1
,200
258
,386|
## **5. Expenditure**
**11**
**EDGAR E LAWLEY FOUNDATION**
**Notes to the Financial Statements - continued for the year ended 5 April 2024**
## **6. Related party transactions**
Mr F S Jackson OBE FCCA, a trustee, received fees during the year amounting to £9,000 (2023: £9,000) in respect of professional work for the Foundation, not related to his duties as a trustee. The payment of fees to a trustee in those circumstances is permitted by the Foundation`s trust deed.
During the year, expenses amounting to £1,208 (2023: £1,275) were reimbursed to one trustee wholly in respect of disbursements made for costs incurred wholly 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 2023|4,461,880|
|Additions at market value|289,249|
|Disposals at market value|(302,471)|
|Losses on revaluation|(239,238)|
|Changes in cash funds|
(38,753)|
|At 5 April 2024|4,170,667|
|**Net book value**||
|At 5 April 2024|4,170,667|
|At 5 April 2023|4,461,880|
Notes: There were no investment assets held outside the UK. The above investments have at 5 April 2024 a book (historical) value of £4,073,088 . All equity investments are measured at fair value through statement of financial activities.
## **8. Creditors: amounts falling due within one year**
|**8.**
**Creditors: amounts falling due within one year**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Other creditors and accruals|
1,750|1,200|
**12**
## **EDGAR E LAWLEY FOUNDATION**
## **Detailed Statement of Financial Activities for the year ended 5 April 2024**
|**Income and endowments**
Dividends from listed
investments
Deposit account interest
**Total income**
**Expenditure**
**Raising funds**
Investment management
fees
**Charitable activities**
Administration costs
Grants to institutions
**Support costs**
**Governance costs**
Examiner’s remuneration
Total expenditure
**Net (expenditure)/income**
**before gains and losses**
**Recognised gains and**
**losses**
Realised gains/(losses) on
investments
Unrealised
gains/(losses)on
investments
**NET**
**INCOME/(EXPENDITURE**)|**Unrestricted**
**Fund**
**£**
194,811
571
________
195,382
_______
195,382
1,158
6,954
200,000
_______
208,112
3,993
1,750
_______
213,855
________
(18,473)
(67)
(13,517)
(32,057)|**Restricted**
**Fund**
**£**
________
-
_________
-
19,340
-
19,340
-
-
_______
19,340
------------
(19,340)
(1,125)
(225,721)
(246,186)|**2024**
**Total funds**
**£**
194,811
571
_______
195,382
________
195,382
20,498
6,954
200,000
_______
227,452
3 ,993
1,750
_________
233,195
________
(37,813)
(1,192)
(239,238)
(278,243)|**Unrestricted**
**Fund**
**£**
_214,243_
_208_
_________
_214,451_
_________
_214,451_
_858_
_7,401_
_229,500_
_________
_237,759_
_3,521_
_1,200_
___________
_242,480_
______________
_(28,029)_
_(8,651)_
_(22,769)_
_(59,449)_|**Restricted**
**fund**
**£**
_________
_-_
__________
_-_
_15,906_
_-_
__________
_15,906_
_-_
_-_
___________
_15,906_
____________
_(15,906)_
_(160,321)_
_(421,924)_
_(598,151)_|**2023**
**Total**
**Funds**
**£**
_214,243_
_208_
__________
_214,451_
_________
_214,541_
_16,764_
_7,401_
_229,500_
__________
_253,665_
_3,521_
_1,200_
__________
_258,386_
__________
___
_(43,935)_
_(168,972)_
_(444,693)_|
|---|---|---|---|---|---|---|
|||||||_(657,600)_|
This page does not form part of the statutory financial statements.
**13**