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2025-04-05-accounts

REGISTERED CHARITY NUMBER: 201589

Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2025 for EDGAR E LAWLEY FOUNDATION

EDGAR E LAWLEY FOUNDATION

Contents of the Financial Statements for the year ended 5 April 2025

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

EDGAR E LAWLEY FOUNDATION

Reference and Administrative Details for the year ended 5 April 2025

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
JCS Accountants Limited
5 Robin Hood Lane
Sutton
Surrey
SM1 2SW

1

EDGAR E LAWLEY FOUNDATION

Report of the Trustees for the year ended 5 April 2025

The trustees present their report and accounts for the year ended 5 April 2025.

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 Grant making.

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 2025

Objectives and activities Grant making

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

  1. Community

5. Disabled

  1. 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 1,250 applications:

1 Abbey Mead Primary Academy
2 Acacia Family Support
3 Accessible Arts & Media
4 Acheinu Cancer Support
5 Age UK London
6 Ailsa’s Aim
7 Arts Active Trust
8 Back on Track Manchester
9 Berkshire County Blind Society
10 Bexley Mencap
11 Birmingham Opera Company
12 Birmingham Settlement
13 Blythe House Hospice
14 Brentwood Community & Voluntary Service
15 Buckinghamshire Disability Service
16 Cambridge Cancer Help Centre
17 Campaign Against Living Miserably
18 Cask Research Foundation
19 Cerebral Palsy Scotland
20 Change Birmingham Brief Therapy
21 Chaos
22 Citizens Advice in North & West Kent
23 Claremont Project (Islington)
24 Climate Ed
25 Community at Linden Lodge
26 Compton Care
27 Coventry Resource Centre for the Blind
28 Daisies Kids Club
29 Dementia Support Sage House
30 Dementia UK
31 East Bristol Advice & Information Centres
32 Endometriosis UK
33 English National Opera
34 Epilepsy Action
35 Erasmus Darwin Foundation
36 Every Little Helps
37 Fare Share Midlands
3

EDGAR E LAWLEY FOUNDATION

Report of the Trustees (continued)

For the year ended 5 April 2025

38 First Touch 39 Forty Limited 40 Gilgal Birmingham 41 Global Healthcare Projects 42 Hastings International Piano Competition 43 Helm Training 44 Helping Disabilities 45 Home-Start Birmingham North-West 46 Hoo Peninsular Cares 47 Hope for Tomorrow 48 Hospice in the Weald 49 Ignite Life 50 Jigsaw Thornbury 51 Kids Konnect 52 Leukaemia Care 53 Listening Books 54 Mary Stevens Hospice 55 Menai Bridge Band Porthaethwy 56 More than Grandparents 57 Multiple Sclerosis Trust 58 Museum of Carpet 59 Mycelium Thinking 60 New Model Institute for Technology & Engineering 61 NHS Pensioners Trust 62 Northumberland County Blind Association 63 Ozer Umagen 64 People United 65 Quaker Social Action 66 Reach Community Projects 67 Read for Good 68 Retina UK 69 Royal Shakespeare Company 70 Search Newcastle (Services for Older People) 71 Shopmobility Melton Mowbray 72 Signpost 73 SOS Special Educational Needs 74 St, John’s Hospice 75 St. Giles Hospice 76 Sue Young Cancer Support in Leics. & Rutland 77 Support for All 78 Tailored for Me 79 Team Oasis 80 Teen Action 81 The Amber Foundation 82 The Brain Tumour Charity 83 The Family Trust 84 The Green Team 85 The Manchester Deaf Centre 86 The Passage 87 The Refugee & Migrant Centre 88 The School Bank West Lothian 89 The Welcome Centre 90 Tube Station 91 Twilight Kindness 92 Walsall Society for the Blind 93 Warwickshire Vision Support 94 We can Dance 95 West Wellbeing Suicide Prevention 96 Winchester & District Young Carers 97 Wingate Special Children’s Trust 98 Yateley Industries for the Disabled 99 Youth Enquiry Service (West Wycombe) 100 Youth options

4

EDGAR E LAWLEY FOUNDATION

Report of the Trustees (continued) for the year ended 5 April 2025

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 2025 (including cash held for investment) totalled £4,061,789 compared with a total value of £4,170,667 at 5 April 2024.

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 (2023/24) - £200,000).

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 – Administrator

Organisational structure

The charity has no staff. The day to day running of the charity is dealt with by their Administrator. The trustees collectively make all key 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 2025

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 25[h] July 2025. and signed on its behalf by:

J H Cooke

.................................................................... 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 2025 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.

M Hickson

Miriam Hickson CTA FCA JCS Accountants Limited 5 Robin Hood Lane Sutton Surrey SM1 2SW

Date:

7

EDGAR E LAWLEY FOUNDATION

Statement of Financial Activities

for the year ended 5 April 2025

Unrestricted
Fund
£
Income and endowments
from
Investment income
4
203,163
Expenditure
5
Raising funds
Charitable activities
5
(1,036)
(212,333)
(213,369)
Net gains/(losses) on
investments
7
(4,606)
NET
INCOME/(EXPENDITURE)
AND NET MOVEMENT ON
FUNDS
(14,812)
Reconciliation of funds
Total funds brought forward
222,524
Total funds carried forward
207,712
__
 Restricted
Fund
£
2025
Total funds
£
Unrestricted
Fund
£
__
203,163
195,382

(19,807)
__
(20,843)
(212,333
)
(1,158)
(212,697)
(19,807)
(233,176)
(213,855)
(88,075)
(92,681)
(13,584)
(107,882)
(122,694)
(32,057)
3,963,395
4,185,919
254,581
3,855,513
_
4,063,225
_
222,524
_____
 Restricted
Fund
£
2024
Total Funds
£
__-
195,382
(19,340)
_
(20,498)
(212,697)
(19,340)
(233,195)
(226,846)
(240,430)
(246,186)
(278,243)
4,209,581
4,464,162
3,963,395
_
4,185,919
_		 Restricted
Fund
£
2024
Total Funds
£
__-
195,382
(19,340)
_
(20,498)
(212,697)
(19,340)
(233,195)
(226,846)
(240,430)
(246,186)
(278,243)
4,209,581
4,464,162
3,963,395
_
4,185,919
_
4,185,919
___

8

EDGAR E LAWLEY FOUNDATION

Balance Sheet as at 5 April 2025

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
£
206,276
3,326
(1,890)
_
1,436
_
207,712
__
£207,712		 Restricted
Fund
£
3,855,513
-
-

_
-
_
3,855,513
__
£3,855,513		 2025
Total funds
£
4,061,789

3,326

(1,890)

_

1,436

__

4,063,225

_

£4,063,225
207,712
3,855,513
____
£4,063,225		 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
£
4,170,667
17,002
(1,750)
_
15,252

_
4,185,919
______
4,185,919
222,524
3,963,395
__
4,185,919

The financial statements were approved by the Board of Trustees and authorised for issue on the 25[th] July 2025 and were signed on its behalf by:

J H Cooke

----------------------------------------------- 9

J.H. COOKE - TRUSTEE

EDGAR E LAWLEY FOUNDATION

Notes to the Financial Statements for the year ended 5 April 2025

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 2025

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
5.
Expenditure
Raising Funds
Investment management fees
Charitable activities
Administrative expenses

Grants to institutions
Support costs
Governance costs
Examiner’s remuneration
 20,843
20,498

6,962 6,954
200,000 200,000
3,481 3,963
1,890 1,750
212,333
212,697		 20,498
 2025
£
202,774
389
203,163
2025
£
 2024
£
194,811
571
195,382
2024
£

233,176 233,195

11

EDGAR E LAWLEY FOUNDATION

Notes to the Financial Statements - continued for the year ended 5 April 2025

6. Related party transactions

Mr F S Jackson OBE FCCA, a trustee, received fees during the year amounting to £9,000 (2024: £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 £1,225 (2024: £1,208) 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 2024 4,170,667
Additions at market value 1,460,048
Disposals at market value (1,504.000)
Gains /(Losses) on revaluation & disposals (92,682)
Changes in cash funds
27,756
At 5 April 2025 4,061,789
Net book value
At 5 April 2025 4,061,789
At 5 April 2024 4,170,667

Notes: There were no investment assets held outside the UK. The above investments have at 5 April 2025 a book (historical) value of £4,023,217. All equity investments are measured at fair value through statement of financial activities.

  1. Creditors: amounts falling due within one year
8.
Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors and accruals
1,890		 1,750

12