**Charity Registration No. 264175** **Company Registration No. 01047390 (England and Wales)** ## **THE CATHERINE LEWIS FOUNDATION** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2021** ## **THE CATHERINE LEWIS FOUNDATION** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|D J Lewis| |---|---| ||H Lewis| ||H S Lewis| ||J Shasha| ||N Plaskow| ||R E Lewis| |**Secretary**|H S Lewis| |**Charity number**|264175| |**Company number**|01047390| |**Registered office**|Catherine House| ||76 Gloucester Place| ||London| ||W1U 6HJ| |**Independent examiner**|Andrew Rich| ||c/o HW Fisher LLP| ||Chartered Accountants| ||Acre House| ||11-15 William Road| ||London| ||NW1 3ER| |**Bankers**|C. Hoare & Co| ||37 Fleet Street| ||London| ||EC4P 4DQ| ## **THE CATHERINE LEWIS FOUNDATION** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 10| ## **THE CATHERINE LEWIS FOUNDATION** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ The trustees present their report and financial statements for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association dated 24 March 1972 as amended by special resolutions 2 0 February 2019 and 9 October 2019 , the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective from 1 January 2019) . ## **Structure, governance and management** The charity is a company limited by guarantee governed by Articles of Association dated 24 March 1972 as amended by special resolutions 20 February 2019 and 9 October 2019. The trustees who are the directors for the purpose of company law, and who served during the year were: D J Lewis H Lewis H S Lewis J Shasha N Plaskow R E Lewis ## **Recruitment and appointment of trustees** Every descendent of D J Lewis on attaining the age of 18 years is entitled to become a member of the Foundation, as is any person proposed by a majority of the members. New trustees would be inducted in their legal obligations under charity and company law, the decision making processes and their role in administrating and promoting the Foundation. ## **Objectives and activities** The objectives of the c harity are to apply the trust funds for the benefit of such charitable purposes. Charitable institutions and charitable foundations as the trustees may from the time to time determine. The trustees receive applications for donations from a wide variety of charitable institutions including those engaged in medical and ancillary services, education, helping the disabled and old aged, relieving poverty, providing sheltered accommodation, developing the arts etc. The trustees have unrestricted powers of investment. ## **Pubilc benefit** The trustees have paid due regard to guidance issued by the Charity Commission on the public benefit requirement under the Charities Act 2011 in deciding what activities the charity should undertake. ## **Achievements and performance** During the year, the charity made 6 (2020 : 10) grants totaling £7,250 (2020 : £14,350) to the charitable organisation s supporting a range of activities. ## **Financial review** The results for the year and the financial position at the year end are considered satisfactory by the trustees . At the year end the charity has unrestricted funds of £167,929 (2020 : £49,106). It is the policy of the charity to maintain unrestricted funds (free reserves), at a level which will enable the charity to meet grant commitments over the long term. Grants paid during the year are disclosed in note 6 of the financial statements . ## **Risk management** The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. - 1 - ## **THE CATHERINE LEWIS FOUNDATION** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **Plans for the future** The charity will continue to make a wide spread of donations. The trustees r eport was approved by the Board of Trustees. ## **D J Lewis** Trustee Dated: 24 November 2021 - 2 - ## **THE CATHERINE LEWIS FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF THE CATHERINE LEWIS FOUNDATION** I report to the t rustees on my examination of the financial statements of The Catherine Lewis Foundation (the Charity) for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable d irections given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no 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 charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a true and fair view which is not a matter considered as part of an independent examination; or - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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 financial statements to be reached. Andrew Rich c/o HW Fisher LLP Chartered Accountants Acre House 11-15 William Road London NW1 3ER Dated: 26 November 2021 - 3 - ## **THE CATHERINE LEWIS FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ |||**Unrestricted**|Unrestricted| |---|---|---|---| |||**funds**|funds| |||**2021**|2020| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations|**3**|128,440|39,375| |Investments|**4**|118|2| |**Total income**||128,558|39,377| |**Expenditure on:**|||| |Charitable activities|**5**|9,735|16,504| |**Net income for the year/**|||| |**Net movement in funds**||118,823|22,873| |Fund balances at 1 April 2020||49,106|26,233| |**Fund balances at 31 March 2021**||167,929|49,106| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 4 - ## **THE CATHERINE LEWIS FOUNDATION** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2021**_ |**Notes**
**Fixed assets**
Investments
**10**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**12**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2021**
**£**
688
128,121
128,809
(7,100)|**£**
46,220
121,709
167,929
167,929
167,929|**2020**
**£**
2,500
3,986
6,486
(3,600)|**£**
46,220
2,886
49,106
49,106
49,106| |---|---|---|---|---| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021. The t rustees acknowledges their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 24 November 2021 D J Lewis **Trustee** ## **Company Registration No. 01047390** - 5 - ## **THE CATHERINE LEWIS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **1 Accounting policies** ## **Charity information** The Catherine Lewis Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 76 Gloucester Place, London, W1U 6HJ. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the c harity's Articles of Association dated 24 March 1972 as amended by special resolutions 20 February 2019 and 9 October 2019 , the Companies Act 2006 and "Accounting and reporting by Cha rities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” ( effective from 1 January 201 9 ). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a statement of cash flows. The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention . The principal accounting policies adopted are set out below. ## **1.2 Going concern** T he trustees have considered the effect of the prolonged Covid-19 outbreak and they consider that the outbreak is unlikely to impact the charity or its activities. At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **1.5 Expenditure** Liabilities are recognised as expenditure once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis, inclusive of value added tax. All expenses, including support costs and governance costs, are allocated to the one charitable activity in the statement of financial activities. Governance costs include those costs incurred in the governance of the charity's assets and are primarily associated with constitutional and statutory requirements. Costs of charitable activities include grants made. Grants payable are payments made to third parties in the furtherance of the charity's objectives. The grants are accounted for where either the trustees have agreed to pay a grant without condition and the recipient has a reasonable expectation that they will receive a grant, or any condition attaching to the grant is outside the control of the charity. - 6 - ## **THE CATHERINE LEWIS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **1 Accounting policies** **(Continued)** ## **1.6 Fixed asset investments** The unlisted investment is valued at cost as it is not possible to obtain a fair value valuation. The trustees have reviewed the information available in respect of the holding in Marylebone Property Corporation Limited (see note 9) and concluded that they are not impaired. ## **1.7 Financial instruments** The charit y only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2 Critical accounting estimates and judgements** 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 trustees are satisfied that there are no significant estimates or judgements in the financial statements. ## **3 Donations** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2020**|2019| ||**£**|£| |Donations and gifts|102,752|31,500| |Gift aid|25,688|7,875| ||128,440|39,375| ## **4 Investments** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2021**|2020| ||**£**|£| |Interest receivable|118|2| - 7 - ## **THE CATHERINE LEWIS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ |**5**|**Charitable activities**||| |---|---|---|---| |||**Unrestricted**|Unrestricted| |||**funds**|funds| |||**2021**|2020| |||**£**|£| ||Grant funding of activities (see note 6)|7,250|14,350| ||Share of support costs (see note 7)|685|354| ||Share of governance costs (see note 7)|1,800|1,800| |||9,735|16,504| **6 Grants payable** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2021**|2020| ||**£**|£| |Grants to institutions:||| |CHICKS Charity|-|250| |The Elias Ashmole Trust|-|1,000| |Holocaust Memorial Day Trust|-|1,000| |The Bowes Museum|5,000|-| |Jewish Care|-|500| |Jewish Museum|-|3,000| |The New London Synagogue|1,300|1,300| |National Portrait Gallery|-|2,500| |The National Holocaust Centre and Museum|-|1,000| |The summer Camps Trust|500|-| |Canine Partners|100|-| |The Walpole Society|250|-| |Happy Days|100|-| |United Synagogue|-|2,800| |Wellbeing of Women|-|1,000| ||7,250|14,350| - 8 - ## **THE CATHERINE LEWIS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ |**7**
**Support costs**
**Support costs**
**Governance**
**costs**
**£**
**£**
Bank charges
385
-
Professional fees
300
-
Independent examiner's fees
-
1,800
685
1,800
Analysed between
Charitable activities
685
1,800|**2021**
Support costs
Governance
costs
**£**
£
£
385
354
-
300
-
-
1,800
-
1,800
2,485
354
1,800
2,485
354
1,800|2020
£
354
-
1,800| |---|---|---| |||2,154| |||2,154| Governance costs includes payment to the independent examiner of £ 1 ,800 (2020 : £1,800). ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration, expenses or benefits from the charity during the year. ## **9 Employees** There were no employees during the year. ## **10 Fixed asset investments** |||**Unlisted**| |---|---|---| |||**investments**| |||**£**| |**Cost or valuation**||| |At 1 April 2020 & 31 March 2021||46,220| |**Carrying amount**||| |At 31 March 2021||46,220| |At 31 March 2020||46,220| ||**2021**|**2020**| ||**£**|**£**| |Investments at fair value comprise:||| |228 Marylebone Property Corporation Ltd £1 "A" Non-Voting shares|46,220|46,220| - 9 - ## **THE CATHERINE LEWIS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ |**11**
**Debtors**
**Amounts falling due within one year:**
Gift aid receivable
**12**
**Creditors: amounts falling due within one year**
Grants payable
Accruals|**2021**
**£**
688
**2021**
**£**
5,000
2,100
7,100|**2020**
**£**
2,500| |---|---|---| |||**2020**
**£**
-
3,600| |||3,600| ## **13 Related party transactions** At the year end, the c harity held investments in Marylebone Property Corporation Limited, a company which was under the common control of the trustees (D J Lewis, H Lewis and H S Lewis). During the year donations of £102,752 (20 20 : £ 31,500 ) were received from two trustees (2020 : one of the trustees) . There were no other related party transactions during the year. - 10 -