THE CECIL AND HILDA LEWIS CHARITABLE TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS for tho year ended 31 DECEMBER 2023 THE CECIL AND HILDA LE￿s CHARITABLE TRUST INDEX Page Charity Infomiation Report of the Tru8tee8 Independent Examinefs Report statement of Financial Athibe8 Balance Sheet Notss to the Flnancial Statements 10 THE CECIL AND HILDA LEWIS CHARITABLE TRUST CHARITY INFORMATION REGISTERED CHA141TY NUMBER 2S8763 GOVERNING DOCUMENT Tru81 Deed (Dated 21 Mgrch 19821 TRUSTEE8 Ro￿rt Low Catherine wl181rn81gn￿ 13 March 2023) Rogèr IAfj80 Ajan Ma80n 8ECRETARY AND PRINCIPAL OFFICE Robert Lowis Rolherwood Jump8 Road Churt Famham Surrey GU10 2JZ ACCOUNTANTS Shaw Gibbs (Audlt) Llmhd Way Court West Union Road Famham OU9 7PT INVESTIAENT MANAGERS Charte8 Stanley & Co. Llmbted 55 8i$hopAgate London EC2N 3AS BANKERS 8ven8ka Handelsbanken AB M1 Mlllennlum Centre Crosby Way Famham Surrey GU9 7XX THE CECIL AND HILDA LE¥VIS CHARITABLE TRUST REPORT OF THE TRUSTEES December 2023. The fNwicial statements have been prepared in accordance wilh the accounting policies sot CArt on pages 10 11 arrfl crynpty with the tharity's trust deed and applicable bw. AIMS AND OWECTNES OF THE CHAIIITY The Charity operates a ggnwa furKI all ti acli¥its TRUSTEES Catherlne {resigned 13 Marth 2023) Robert Lew&¥ Roger Ajan Ma80n well aware of their dutie8 aThd and any Tnb8lees would be required to havo this knowledge as wel. REVIEW OF THE YEAR Interest and di¥ideNI Trncom totslling £202,864 PIY22 . £307.31￿) wa8 generated from the bank accounts and lnvèsth￿nts. The offundsfor the year under re￿WaS £77.079 (2022- £228,600>. During the year, the TWSL wrlh Charity Commtssion approval. S￿ the value of the net assets ofthe Trust equalty with the Cathy Charitth TntsL A donation of£3.444.284 was made to th8 Cathy Wllg Charitable Trust du1W￿ the y8ar (2022- £158.785). Thg Trustees have di8(xetson to irNest in any ftym they ¢onsNJer appn>priale. THE CECIL AND HILDA LEWIS CHARITABLE TRUST REPORT OF THE TRUSTEES Vi8ers. At the yearend, th8 value ofquoted investsmnts hekl affKJunted to £3,141.99112022 - £6.283,7061 after provAling for a h)ss n vdue of£205.281 {2022- £437.027). The charity's investment policy has teen lo mainiain subslantial funds on d8p)$it to ènsufe thatthey are readily availablewhen required. TheTwstees revie*the polry on a regular basis. GRApif4AAKING P¢XICY poly is to distribute furmts to a wlde rry of t￿11 deserwrvJ causes in ac¢orylm wilh the objectives of the Tn￿L Th8J Trustees intsnd to c¢￿tinue these p0￿cts future periD¢ts. and with regard to the Charity ComMis￿n guwJan¢e on puLqiG bend RESERVES POUCY Th& Tn￿t a gTrnt4nthirvJ charily aims to o1strfi￿ a prowtwjn of its assets and income each year. The Twstees will nwntain the fund to guarantee invesknent income in the futurè but mty on oCtssi￿ dtslrknute rN)niesfrcrfn its funds. Unrestrlc*8d fund8 atthe yearryend totalled £3,425,11712022- £6.993.045). RISK ASSESSMEKr AIMS AND O&JECTives OF THE CHARITY FOR THE PUBUC BENEFrr Organisati¢)n5 whith hw b￿6fitad from the (￿ar￿1 inrjude wellaye, nwdic81. artistic and educational chariknes in the UK and Israel fO￿$s1n9 on ¢hIkI￿n. espec• with phystcal or leaming disabtlities. medical research. disaster reSef. st￿Jants thg dderty, edutslional THE CECILAND HILDA LE￿s CHARITABLE TRUST REPORT OF THE TRUSTEES STATEMENT OF TrUSTEES' RESPONSIBILrrEs eath financial year in accordance with appI￿able and United Ifjngd￿ Acuunting Siandards {United I￿ngd￿n Generalty A£cephl kn￿nIN79 Praclice) and whith gNe a true and fair of the state ofaffairs ofthe Charity arvj ofthe in￿ming resour￿ and aPpl￿tion are required to.. Select ￿ltab[e accounting polKies and appty them conskstenty. ObseNe the methods and prin0* in Ihe Chaiities SORP: Makè judgments aThl acvjjnting estirnth that are reasonable and pnNJgnt State whetherapplicablo aeo)unting slar#lanls have been foK(r•nd. subject to any material départures disckxed and in the Financial stateM￿ts., aTKI Prepare tha Financi81 Statern￿ on the g¢xng CAYKem basis urte¥s it is inapprwte to presume that the ch￿ will eonlinue in bu￿￿% The Trustees a￿ responsblg for keeping prow ac#Jiunting ￿cordS whth dixlose with 80nable accuracy at th• time the financaal post￿ of the Charity and io er￿919 them to ensuro that the Finanaal Statements c(¥mpty wilh the Charbties Act 2011. the app￿cable Charities (Accounts and Rep￿ts) Regulatio￿ and ts provisions of the Tnlst Deed. They aro also responsibte lor safeguarding the assets of Charity and hen(*4 for taklng reasonabla Apwovod on bohalfoflhe Tnth ty:. Tru8ts• Date 15 IcJ&12D? + THE CECIL AND HILDA LEWIS CHARrrABLE TRUST INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF THE CECIL AND HILDA LEMS CHARITABLE TRUST Oplnlon 8t015. R08pon•lbllftl•• •nd 8a*kn of R•port AS the of tho Charity you are res￿n* for the prOparati￿ of the acC￿ntS In accordance with ts rtyuwmnts ofthe Chwitm kt 2011 2011 Acr). I report in re8pect crfmy examlnatlon oftt* chwi￿$ *x¥xmts CWTiod *>Jt urKler ￿tion 145 of the 2011 Act and in (•￿1ng out my exernination I havefolkN4ed the arwlcable 0lrecll￿S g by the Charity Commission under 80¢lion 145(SXb) of Ihe 2011 fv Ind•pond•nt Ex4mln•f• Strt•m•nt Your attention Is drwwn to th• fact that the Charty wowed th• accounts in ac¢ordanca wrth A(xountlng and Reportlng ty Choflli88.' Slatement of Recommended Practlca applicab to tharitles preparing thoir accounts in acconlance wbth the FlnoncBI Roportlng Standard applicable in the UK and Republic of IrgbrKI IFRS 102) in prefeT8nco to the Accounting and Reportlng by Charltles: Stst&nMt of Recomm•nded Practice i88ued on 1 Awil 2005 whi¢h18 reforred to in th8 •xtant r•gulgtion8 but ha$ been WIthdrn￿. l und•r8t8nd that thi• h¥8 bew done In *xdef forth• Kcount• to wovid• a lJu• and falr vlthv In b8glnnirKJ on or after 1 January 2015. I have c4)mpleted my examln81iM. I confirn that no mettern h•¥e come to my 8tt8ntlon In connoction with tho •xamination giving m• to that tn any tmterial re8pgct . accounting records wern not k•pt In r••p•¢l oftho Chwlty 88 requirnd by ￿ction 130 oflh¢ 2011 Art" 3. lh& a(£ounts do rnt clynply with ap￿ble requirernnts ￿n(￿MIng tho lo￿n and ¢ontent of accounts 8et the Chariti8¥ (A¢cl￿nts arvj Reports) Regulatbns 2008 othar than any requirrnt thal the accounts give a 'true and fair vi** whth i• not a matter conth￿ ￿ part of ￿ in*ondont examlnatlon. I have no conc8m$ and hm (¥Jm• across no othormattern In cMno¢llon with tho examination to wh￿h attonlton should be drawn in thIB f8FMJ1 In ord•r to onablo a pn)por under•tandlThJ of the accounts to be le￿h￿l. THE CECIL AND HILDA LEWIS CHARITABLE TRUST INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE CECIL AND HILDA LEMS CHARITABLE TRUST Thi8 I8￿rt i& made 80kn1y lo tho Charty8 TnJstw as a bc*. kn ac¢(*tsncewith Part4 ￿ the Charilies {AC￿UThts and Roports) Regukti¢yM 2008. My woth has been undertaken 80 that I might 8tate to the Charity's Trustees those mattors l am requirnd to stst8 to thtyn in an Independent exarnw*s roport and for no other purpose. To the full88t exlent Pgrmitted by law. I do not accept or 88surM responsibilty to anyone 4Xher than Charity and thè Chority's Trustees as a body, for my woth orfor thi8 repo ma￿ D￿nSOn FCA Shaw Gibb$ {Audlt) Limit•d Statutory Audltor Wey Court Vk8L Union Road Famham. Gug 7PT THE CECIL AND HILDA LEWIS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES far tho yèar ended 31 DECEMBER 2023 Unraètrlcted fund8 2023 2022 Incom• Investrn¢nt in¢ome 202.864 307,306 Total Income 202,864 307.306 Expendlturo Cost of Raising Funds 28,938 38,032 Charitable A￿vitieS 92,289 245.950 Gift to Cathy CharilaNe Trust 3.444.284 158,785 Total Expandltsra 3.565.511 442,767 Net (EXpen￿lAnC0rno B•forn Invè8tment Galn81{Lo88es) (3.362.647) (136,461) Surplus on R8valuatlon of Art Net Gainsl{Losses} on Investménts 12,600 {437,0271 {205.281) Not Movement In Funds {3,567,928) {559,8881 Fund Balance 8rought FoTrvard at l January 2023 6,993,045 7,552,933 Fund Balance Carrlod Fofward at 31 Decombor 2023 £ 3,425.117 £6,993,045 All tncome and eXper￿lIU18 are derived fTom continuing a¢bvibes The notes on paw 10 to 15 fcKm part ofthese financial statements. THE CECIL AND HILDA LEWIS CHARITABLE TRUST BALANCE SHEET AT 31 DECEMBER 2023 Unrestrlctod funds 2023 Unr•strf¢tod fund8 2022 FIXED ASSETS Olher Investments Quoted Inve6tments 120,000 3,178,747 12,600 6,756,276 io 3,298.747 8,768,878 CURReKf A88Ef8 Cash ot bank and In hand 138,437 242.166 138,437 242.188 CREDITORS: Amounts Fairing Du• thin One Year 11 (12,067) <17.997} NET CURRENT ASSETS 128,370 224.189 NET A88Er8 £ 3.425,117 £ 6,993,045 FUNDS Unrn•trlct•d Fund• Unr•8trict8d Fund8 £ 3,425,117 £ 6,993.045 Th880 financlal 8tatem8nt8 were approved by the 80ord ol Truste￿ on ........ iigned on thelr bohaw by-" Tw¥t Tw•t•• The notes on pages 10 to 15 fomi part of these financlal ststom•nt& THE CECIL AND HILDA LEWIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS 1 ACCOUPrnNG POLICIES al Accounllng Convontlon The financlal statemerts have been prepared in accordance with the Chafibo# SORP (FRS 102)-Ac£ounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in acCordar￿e with the Financial Reporting Standard applicable In the UK and Republicof Ireland (FRS 102) leffectlve 1 January 2019), th8 Financial Reporttng Stsndard appllcable In the UK and Republ￿ of Ireland IFRS 102) and the Charities Act2011. The financial statements have been prepared to give a 'true $rKI fait vlaw and have departed from the Charities (Accounts aTKI Reports) Regulations 2008 onty to tho extent required to provide a 'true and faif view. This departure has Invofved following the Charthes SORP (FRS 1021 publish￿ in October 2019 rather than the Accountsng and Reportlng by Chawities.. Stslement of Recommended Practit£ effecliva from 1 April 2005 whtth ha$ since been withdrawn. The Trust constliuies a pubbc benefit entity as defined by FRS 1(r2. The Trustees consider that th8Te are ng matertal uncertainties obout the Trust's abllity to continue as a going ¢oncem. The most signrficant aréa of judgement is the valuation of Investrnents gt market value st the reporting date. bl Funds Unrestricted Income furth comprise those funds tr￿ Tru8tee8 are free to use for any in furtheran¢e of the ¢harilabl8 objects. c) Incomlng ReJourco¥ All income 16 recognised once the charity has entitlement to the income, il is probable that the Income will be r¢¢oivèd and the amount of Income receivable can bg mea$ured rnllabty. Interest on fijnds held on deposit is included when reGeivabla and the amount can b8 measured reliabty by the ¢harity,' thls Is nOmial￿ upon notification of the inte￿$t paid or payable by the ban Dlvldends are recognmd once the dt¥idend has been declared and notifution has beèn received of the dNidend due. Thks is noTmalty upon notificatlon by ts investrn￿l advisor ofthe dividend yiekl of tho investment portfolio. io THE CECIL AND HILDA LEWIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEKrs d) Expendlture Recognltlon Jfflmitting the charity to that expendrbJre. it is probth th* ￿l￿ntW1N be requyed and amount of the oLligation (an be measured reli￿. All e￿ndItUre ig acxounted foron an a(xrua15 Al exp￿e8 in(￿1ng supportcosts and govemance oxts are alltxated ￿ apwh￿7ed to appftcabte expwdiiur• headlngs. Grants payatlo are paym￿ made trj thwd pwties in the furthrnco of thè chvty objec18 of the Tru8L In the case ofan UfK4)ndiknal grant offerthis is aCcn￿l once Ihe reopignt has been notifiad of the grant award The notsficknn &M¥es the ￿>￿nt 8 reasonth expectation that they will re¢eNe the on&yearormulWeargranL Grants w•rnr(ts thatare subject to the recipient fvlfilling perfonnance conditions are onty ac(xu8d 7*hen the recip￿1 h8s bgen rM)tifted of thg grant arÈd any remaining UrrfUmH￿d conditions attachifwJ to that grant is outside of the control of the TTUSL Provisions for 9rants are made when the ntsntion to ffoke a grant has cAmmunicated to the recipient Ixrtthere is wKertaintyastothglvnwy ofthe grant orthe aMOunt￿grant payab￿. e> IrrKovw•bh VAT Govemanc• Co8ts This expendliure compyws (x%ts in corn￿ti￿ c 10.000 12,lJOO 12,000 15.000 189.600 87.079 £ 77.079 £ 228.800 12 THE CECIL AND HILDA LEWIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS 6 SUPPORT COSTS 2022 ¢ounling Con8uling Fees 5,750 5,750 £ 12.000 £ 11,500 7 NET MOVEMENT IN FUNDS 2023 2022 Th880 arn •latod after chargirffj.. Audftorn. Remun•rnl*)n £ 5,850 £ 3210 8 RELATED PARTY TRANSAcnoNS lor expw•o8 tho yow. No •taff aro ompbyed ty tha Chwlty. Se¢retorf0l w•rn ch•rged ty Famham Ella￿ Llmllod In th• yow of£5,IM)0 (2022. £8,OOO>. There no bakn￿ ry*Sng at the end ofth• yw (2022. £0). Durkng the year, fvAlvlw8. 8 txnin¢88 by Rtw WAe, a Trustee, receN £12,000 (2022. £11.500) from the Trust kn respect of profeswW 80rvke8 prtyékled. At thg year end, the Tn*t (y*éd W88 fvafv*er8 £4.000 {2022. £4,000). Durlng th• y••f, th• Tru8t tran8l•rred £3.444.28412022- £158.785) to tho Cathy Wl Charltable TrusL with Charity Cixnmisgiffi 4pprtrrfal. Catherine is a Truslee of Cathy Wills Charitsbl8 and wa8 al80 a Tnmtee ofTr Coal and Hild• L￿ Chwilable Tnrt in th period arKI rewgned fr(m thi8 on 13 March 2023. for £120.000. 13 THE CECIL AND HILDA LEWIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS 9 OTHER INVESTMENT8 2023 2022 Value at 1 January 2023 Surplus on revaluation Invoslm@nt8 801d Investment purcha5eg 12,600 12.800 (12,800) 120.000 Value at 31 D8￿mbar 2023 £120.000 £12,600 Tho other Inva81ments held at 31 Oecember 2022 ropre8onting pi¢tur08, 8¢ulpturo8 and ramics were dl¥posed of durlng the year. Durfng the year ended 31 D9￿rnber 2023, tho Tru8t acquired a vintage car for £120,000 to hold as on Inve8tmonL 10 QUOTED INVe8TMENTS 2023 2022 Markot V•lu• Brought forward at 1 January 2023 Addlllon• DIsp￿91• Cash movemonts Nel gAlnl{10s81 on rovalualton 8,756,276 376,158 (3,313,230) 1435,3781 (205.0791 6,979,284 1,176,412 1401,6881 1560,7051 1437,027) Carrled foThv8rd at 310ocombor 2023 £ 3,178.747 £ 8,758.276 Quoted Investments can be further anaty8od ai follows.. 2023 2022 Flxed Intere8t- UK Equiti08- UK Equiti88- Non UK Property AStemalives Cash- UK MIX￿ lnVestrn￿ts 648,001 819,678 489.220 254,043 833,754 36,756 97.295 1.012,520 1,546,217 942.606 559,475 2,008,054 472,570 214.834 £ 3,178,747 £ 6,756,276 14 THE CECIL AND HILDA LEWIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS 11 CREDITORS 2023 2022 ACGn￿lS 12.067 17.997 £ 12.067 £ 17,997 13 LEGAL STATUS The Trust is a charity constituted by Trust Deed. The prfnclp81 place of busine88 is at Rothekwood, Jumps Road, ChuTL Famham, Surrey, Guqo 2JZ. 15