## LAWSON BECKMAN CHARITABLE TRUST REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ## LAWSON BECKMAN CHARITABLE TRUST INDEX TO THE TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |Index||Page|Page| |---|---|---|---| |Trustees' Annual Report|1|-|3| |Independent Examiner's Report||4|| |Statement of Financial Activities||5|| |Balance Sheet||6|| |Notes to the Accounts|7|-|11| LAWSON BECKMAN CHARITABLE TRUST 1 ## TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report and accounts for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and "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)". ## Reference and administrative information ## Charity Number: 261378. ## Principal Office 2nd Floor, 25 Old Burlington Street, London W1S 3AN ## Trustees Melvin Anthony Lawson Francis Colin Katz Lynton Robert Stock ## Independent Examiner Rachel Chim of UHY Hacker Young, Quadrant House, 4 Thomas More Square, London E1W 1YW ## Bankers Barclays Bank Plc, London Corporate Banking, 54 Lombard Street, London EC3V 9EX ## Investment Managers Barclays Bank Plc, 1 Churchill Place, Canary Wharf, London E14 5HP ## Structure, Governance and Management The trust is an unincorporated body, constituted under a trust deed dated 30 May 1970 and is a registered charity (numbered 261378). The trust was established by an initial gift from Maurice Lawson (deceased) and Alan David Beckman (deceased). The trust does not actively fundraise and maintains a careful stewardship of its existing resources. The trust deed provides for a minimum of two trustees. The power of appointing new or additional trustees is exercisable by the trustees. The trustees meet at such intervals as they consider appropriate. The charity has no full time or part time employees or volunteers to assist in the running of the charity; the daily administration being carried out by the trustees themselves. ## Risk Management The trustees have reviewed the major risks that impact on the work of the trust. The systems that have been established enable the trustees to review and take necessary steps to lessen these risks. LAWSON BECKMAN CHARITABLE TRUST 2 ## TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued) ## Objectives and Activities The object of the trust is to apply the capital and income of the trust fund for the advancement of health and social welfare, education, religious activities, and other general charitable purposes as the trustees in their absolute discretion think fit. The policies adopted by the trustees in achieving these aims are to award grants to suitable organisations that are themselves charitable in nature. ## Public Benefit The trustees have complied with section 17(5) of the 2011 Charities Act, having due regard for the Charity Commission's guidance on public benefit when reviewing the trust's aims and objectives, when setting their grant making policy and in making awards. ## Grant Making Policy The trustees consider all grant applications on an individual basis and will make donations to approved applications, when funds are available. ## Achievement and Performance During the year 19 grants totalling £133,500 were awarded to charitable organisations compared with 24 grants totalling £114,500 awarded during the previous the previous year. The trustees consider that these represent an appropriate exercise of their discretionary powers. ## Financial Review The trust utilises its income to provide funds to cover grants, administration costs and to increase reserves. ## Investment Policy and Performance The trustees continue to be satisfied that their current investment portfolio provides the charity with sustainable income from which it is able to make donations to other charities and good causes and expect that their investment income will continue to grow going forward. This investment strategy accords with the Trustees' long term aim of achieving underlying income growth for the charity into the future. ## Reserves Policy The trustees' policy is to consider a part-retention of any of the charity's net incoming resources on an annual basis. The trustees consider this prudent as they wish to build on the charity's free reserves thereby enabling an increase of grant funding towards important projects in furtherance of the charity's objectives and to diversify the charity's investment portfolio. The level of free reserves at 31 March 2025 amounted to £4,839,961 (2024: £4,789,374). ## Plans for the Future The trustees have no immediate plans to modify or significantly change any of the objects, activities or policies described above. LAWSON BECKMAN CHARITABLE TRUST TRU￿E￿s, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 {tontiDued) Sthtement of trusle¢s' responsibilities The trustees are res￿)nsIble for preparin8 the Trustees. Report and the accounts in accordance wilh applicable law and United Kingdom Accountin8 Standards (Uniled Kingdom Generally Accepted Accounting Pra¢tic¢). The law applicable to charities in England and Wales reqUI￿S the tNstee5 to prepar¢ accounts for each rmancial year which give a trne 2nd fair view of the sthte of affairs of the charity and of the incoming resources and the application of resources of the chaTity for that year. In preparing thes¢ accounts, the trustees are required to: select suitsbl¢ a¢counling policies and then appty them consistcnt]y' • ob￿rVe the methods and principles in the applicable Charities SORP. make judgements and e5tirnates that arc reasonable and pruden( stste whether applicable ac£ounting standards have been followe& subject to any material departures -d in the ec￿-Jnts. and diklosed and wilain- prepare the accounts on the goin8 WD¢ern basis Unless it is inappn)priatr to presume that the charity will continue ill oFration. The trnstees are Tesponsible for keeping sufficient accounting ￿r￿S that disclose with reasonable a¢¢uraey at any time the fitthncial position of the charity and enable them to ensure tknt the A￿*unts comply with the Charities Act 2011. th¢ Charity (Accounts and Reports) R¢gulations 2008 and the provisions of the trust deed. Th¢y are also r¢s￿nSible for safeguarding the assets of the charity and hence for taking reasonable sttps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trnstees and signed on their behalf by: Melvin Anthony tawson- Tr￿tee Date.. UHY Ulfl Ila&•rYow¥ LLP Quadrant House 4Thomas More Square don Elw IYW LAWSON BECKMAIY CHARITABLE TRusr INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAWSON BECKMAN CHARITABLE TRUST FOR THE YEARENDED 31 MARCH 2025 I report to the Injstees on my examination ol the of IAwyon Beckman Clthritable Trust f(v the yeaT ended 31 Mareh 2025, whith are set out oth pagts 5 10 11. This report l5 made solely to the charity'5 tru51ees a Edy. in accord￿ with secti￿ 145 of the Charities A¢1 2011. My examination has been utmtertsken so thai I might th¢ cljaritys trus¢¢¢s thos¢ mott¢TS l am required to state to the]n tn an it)d¢pendent ¢xamin¢Ws and for no thr To the fvllest ￿trnI pennitted by law. I do not accept or assum¢ rtsponsibility to anyLUL¢ Otkn than the dwitys Iruxee5 a5 a IM￿. for my ex8mittau¢ML for this or for th¢ opini￿8 I have fornied. Responsibilities •nd b•sis olr¢port As the charity trustees of thc Trus( you are reS￿rt￿bIe the ￿epa￿l￿ of the accwThts in 4¢¢ordan¢¢ with th¢ requirements of the Charities Act 2011 llhe ACVI. I rerM)rt in reS￿¢t of my e￿?MInati￿ of the TnLStees' accouns carri&J ou¢ utthr 145 of the 2011 Act and in ¢arrytng ou¢ my ¢xamination I have followed ail the a￿lICable Di￿0￿$ ￿Ven by the Charity C￿MiSsion under section 14515Xbl of the 2011 ACL Independent examiner's statement I have completed my examination. I conflnn that no m&erial mat*rs FAve corne w my attenurn in ¢omi¢¢iion with th¢ examination givtng me eause io believe that in any Materi￿ respect." 111 accounting re¢(Yds were [￿t kept in rapect of the TTU5t ￿ rcquired by scction 130 of the Act. 12) the accounts do nrrt accord with th￿e r 13} the accounts do C￿nplY with the applicable requirements coneerning the fonn and eonrent of accounts set out in the Charities (Aecounts and RerA)rLsI lie8ulatiorL$ 2(K18 other than any requirement th* the a¢couttts give a'tn ONI fai¢ view which is n¢X a mwer consider¢d as part of an independent £iamLnation. I have concern5 and havc come acrw5 llo Lther mat¢cr5 in connectkon with the exaMi[￿tion to which attentton should drawn in this rewjrt tn orderto enable aproper UThkrsth￿Jt￿8 ofthe acc(Mkn)LS to b¢ r¢a¢h&L Ra¢h¢l Chirn UHY HKk¢r Young LLP Quadrant House 4 Thom￿ More Square London Elw IYW Date.. Jq LAWSON BECKMAN CHARITABLE TRUST 5 ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 **----- Start of picture text -----**
2025 2024
Unrestricted Unrestricted
funds funds
Note £ £
Income and Endowments from:
Investment income 3 174,984 179,400
Donations 2 64,500 62,647
Total income 239,484 242,047
Expenditure on:
Raising funds (Investment management fees) (6,660) (5,425)
Charitable activities 4 (139,526) (119,017)
Total expenditure (146,186) (124,442)
Net income / (expenditure) before
gains and losses on investments 93,298 117,605
Net losses on investments 9 (42,711) (669,829)
Net movement in funds 50,587 (552,224)
Reconciliation of funds
Total funds brought forward 4,789,374 5,341,598
Total funds carried forward £4,839,961 £4,789,374
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LAWSON BECKMAN CHARITABLE TRUST 6 ## BALANCE SHEET AS AT 31 MARCH 2025 **----- Start of picture text -----**
2025 2024
Note £ £ £ £
Fixed assets
Investments 9 4,087,531 3,861,101
Current assets
Cash at bank 10 791,442 947,771
Debtors 11 55 -
791,497 947,771
Current liabilities
Creditors falling due within one year 12 (39,067) (19,498)
Net current assets 752,430 928,273
Net assets £4,839,961 £4,789,374
The funds of the charity
Unrestricted funds £4,839,961 £4,789,374
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Approved by the Board of Trustees and signed on their behalf by: ……………………………….…. Melvin Anthony Lawson - Trustee ……………………………. Date LAWSON BECKMAN CHARITABLE TRUST 7 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ## 1 Accounting policies ## a) Basis of preparation These accounts have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and “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)”. The charity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## b) Funds structure All funds are unrestricted. Both the capital and income of the charity can therefore be applied at the discretion of the trustees in the furtherance of the objects of the trust. ## c) Income recognition All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. ## d) Expenditure recognition Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. ## e) Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it was incurred. ## f) Charitable activities The expenditure on charitable activities includes grants made and governance costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These include costs related to independent examination and legal fees. ## g) Investments Investments are stated at market value as at the balance sheet date. In the case of unquoted investments, their market value is estimated by the trustees. ## h) Gains and losses on investments All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sale proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. LAWSON BECKMAN CHARITABLE TRUST 8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) - 2 Related party transactions and trustees' remuneration M A Lawson is a director of Bantent Limited, a private company in which the charity holds shares. The charity received unconditional donations of £64,500 (2024: £62,647) from Bantent Limited during the year. No trustee or any person connected with a trustee has received or is due to receive any remuneration for the year directly or indirectly from the charity's funds. No trustee has been reimbursed for expenses during the year. |3 Investment income
Dividends - Listed investments
Interest on cash deposits
4 Expenditure on charitable activities
Grants awarded (ref. note 5)
Governance costs (ref. note 6)|2025
£
160,523
14,461
£174,984
2025
£
133,500
6,026
£139,526|2024
£
156,701
22,699
£179,400
2024
£
114,500
4,517
£119,017| |---|---|---| ## 5 Analysis of grants The charity undertook no direct charitable activities but awarded grants to a number of institutions in furtherance of its charitable activities. The provisions of the Charities Act 2011 section 132(4) have been applied to the analysis of grants under this note heading. |Health and Social Welfare
Religious Activities
Education
Conservation & Animal Welfare
Total|2025
£
69,500
35,500
28,500
-
£133,500|2024
£
52,500
29,500
31,500
1,000
£114,500| |---|---|---| LAWSON BECKMAN CHARITABLE TRUST 10 ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) |6 Governance costs
Accountancy fees
Bank charges|2025
£
5,864
162
£6,026|2024
£
4,498
19
£4,299| |---|---|---| ## 7 Staff costs No staff were employed during the year by the charity, the daily administration of the charity being carried out by the trustees. ## 8 Accountancy fees The remuneration constituted an independent examination fee of £900 (2024 £857) and accountancy and other work of £3,810 (2024 £3,641). |9 Analysis of fixed assets
Quoted Investments
Market value at 31 March 2024
Additions to investments at cost
Unrealised gain / (loss) on revaluation of investments
Market value at 31 March 2025|2025
£
3,786,594
269,141
1,226
£4,056,961|2024
£
4,135,303
245,627
(594,336)
£3,786,594| |---|---|---| The book cost of quoted investments as at 31 March 2025 was £1,876,187 (2024: £1,607,046). |Unquoted Investments
Estimated market value brought forward
Unrealised (loss) / gain on revaluation of investments
Estimated market value at 31 March 2025 *|2025
£
74,507
(43,937)
£30,570|2024
£
150,000
(75,493)
£74,507| |---|---|---| The book cost of unquoted investments as at 31 March 2025 was £15,033 (2024: £15,033). * Unquoted investments represent 33 ordinary £1 shares in Bantent Limited (UK company reg. 00653686). The value of the shares held in Bantent Limited is recorded at estimated market value in these financial statements. The investment in Bantent Limited represents a one-third stake in that company. This holding has not been accounted for as an associated undertaking. LAWSON BECKMAN CHARITABLE TRUST 11 ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) **----- Start of picture text -----**
10 Analysis of current assets 2025 2024
£ £
Cash at bank
Barclays Bank 66,389 385,155
Barclays Wealth 722,251 559,785
WH Ireland 2,802 2,831
Total current assets £791,442 £947,771
11 Debtors 2025 2024
£ £
Accrued income 55 -
£55 £ -
12 Analysis of liabilities 2025 2024
£ £
Creditors falling due within one year
Conditional donations on account 33,000 15,000
Accountancy fees 3,810 3,641
Independent examination fees 900 857
-
Investment management fees 1,357
Total £39,067 £19,498
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