THE SIR EDWARD LEWIS FOUNDATION
(Registered Charity No. 264475)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
RAWLINSON
& HUNTER

THE SIR EDWARD LEWIS FOUNDATION
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
CONTENTS
Pa
Trustees, Annual Report
1-12
Independent Examiner's Report
13-16
Statement of Financial Activities
17
Balan￿ Sheet
18
Statement of Cash Flows
19
Notes to the Financial Statements
20-27

Page 1
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2022
The trustees of the Sir Edward Lewis Foundation ('the trusff or'the charty") present Iheir report and th8
independently audited financial statemenls for the year ended 5 April 2022. These have been prepared
in accordance with the accounting policies set out in note 1 and comply with the charity's Trust Deed and
applicable charity law. Th8 comparative figures ar8 independently examined and are for the year ended
5 April 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
UK Charity Registration Number:
264475
Registgred Offlce:
Eighth Floor
6 New Street Square
London EC4A 3AQ
Email Addrèss:
Lewis.Foundation@rawlinson-hunter.com
Trustèes:
Richard Alfred Lewis (Chairperson)
Sarah Jane Noel Dorin
Mark Harris
Christopher John Alfred Noel Lewis
David Edward Noel Lewis
Independont Auditor:
John Pudduck F.C.C.A.
The Martlel Partnership LLP
Martlet Hous8
E1, Yeoman Gate
Yeoman Way, Worthing
West Sussex BN13 3QZ
Accountants:
Rawlinson & Hunter LLP
Eighth Floor, 6 New Street Squ8re
London EC4A 3AQ
Inv•slment Managers:
Brewin Dolphin Securities Limited
12 Smithfield Street
London EC1A 9BD
Bankers:
CoLrtts & Co
Composite Office
Level 1, Thanet Grange
Westcliff On Sea
Essex SSO OEJ
Solicilors:
Farrer & Co LLP
66 Lincoln's Inn Fields
London WC2A 3LH
Tax District and Reference:
HMRC Charities - ref.. XN 29042
HMRC Trusls ref- 18717 38525
Legal Entity Identifier (LEI):
213800WMXZG6RV7X8H75

Page 2
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED S APRIL 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Sir Edward Lewis Foundation was established by a Trust Deed daled 19 July 1972 and is an
unincorporated charitable trust bound by the proper law of England and Wales. The original selllor
was the lale Sir Edward Roberts Lewis.
The entire resources of the charity have been unrestricted throughout the year and the trustees
have complete discretion for their use.
The tnjstees usually consider new donations bi-annually.
The trustees. investment powers are unrestricted.
The Irustees have the power to appoint new or additional trustees provided that the total number
does not exceed nine at any time.
Statèmènt of Trustees, Responsibilities
The law applicable lo charities in England and Wales requires the trustees to prepare financial
statements for each financial year which give a true and fair view of the state of the affairs of the
charity and of the incoming resource5 and application of resources of Ihe charily for that period. In
preparing those financial statements. the trustees are required to..
select suitable accounting policies and apply them conslstently.
observe the methods and principles in the Charity SORP IFRS 102).,
make judgements and estimates that are reasonable and prudent-,
state whether applicable accounting standards have been followed, subjecl to any material
departures disclosed and explained in the financial statements., and
prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them lo ensure thal the
financial statemenls comply with the Charities Acl 2011. the Charity {AGcounts and Reports)
Regulations 2008 and the provisions of the Trust Deed. They are also responsible for
safeguarding the assets of the charily and hence for taking reasonable steps for the prevention
and detection Df fraud and other irregularities.
In accordance with trust law, as the charity trustees, we certify that:
so far as we are aware, there is no relevant infomation ofwhich the auditor is unaware,. and
as the charity trustees, we have taken all the steps that we oughl lo have taken in order to
make ours&lves aware of any relevant infomialion and to establish thal the charity's auditor is
aware of that information.
The trustees have complied with their public benefil duly under section 17 of the Charities Act
2011 to have due regard to guidance published by the Charity Commission.

Pa3e 3
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2022
STRUCTURE. GOVERNANCE AND MANAGEMENT {continuftd}
Indu¢tion and tralnlng
No special policies or procedures have been adopted for the induction and training of trustees, all
of whom are nominated on account of their knowledge and expertise in the field of the charity's
operations. All truslees are aware of their duties and obligations towards the rna1ntenan￿ of the
charity and the protection of its ass8ts.
Internal Controls
The trustees have overall responsibility for ensuring that the charity has appropriale systems of
internal controls. They are also responsible for keeping proper accounling records which disclose
with reasonable accLJraw al any time the financial position of the charity and enable them to
ensure that the financial slalements follow b8St practice. They are also responsible for the charity
safeguarding its assets and hen￿ for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Th8 System of internal rnntrols is designed lo provide reasonabl6. but not absolute. assurance
againsl material misstatement or loss.
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
Tha objecls of the charity are to apply income and capilal for such charitable purposes, charilable
institutions or charitable foundations, in such Gountri8s and in such manner as the Irustees in their
absolute discretion think fit. The trustees usually consider new donations bi-annually. every May
and December.
In general, the Irustees are more inclined to benefit charities known personally to them and, in
addition. charities which were known to be favoured by the Settlor. Furthermore, Ihe trustees have
adopted a practice to make donations to a number of charities who re￿1ve payments from the
Foundation on a regular annual basis. However, new appeals are still regularly reviewed and
considered accordingly.
Postal and email appeals are sent to the registered Offi￿ and emaS1 address of the Foundation
respectively. Th8y are then forwarded to the trustees al regular intervals for consideration.
statement of Public Benefit
As a grant-funder. the charity's activities will provide public benefit to the individuals and
communities who are beneficiaries of Ihe charity's funded projects. The Trustees are aware of the
Charity Commission guidance on Public Benefit and confirm that they have complied wth Ihe duty
in Section 17 of the Charities Act 2011 to have due regard to it. They consider the information
which follows in this annual report, about the trust's aims, activities and achievements, in the areas
of interest that the Irust supports demonstrates the benefit to ils beneficiaries and through them to
the Public Ihat arise from those activities.

Page 4
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2022
ACHIEVEMENT AND PERFORMANCE {continued)
Investment mandate risk
The risk profile thal is assigned to the Brewin Dolphin portfolio determines the subsequent mix
bétween equities (company shares) and fixed interest investments (such as gilts and corporate
bonds). In the case of the Trust. Brewin Dolphin adopt a middle risk category of Level 6 'Diversified
Risk. with the aim of producing a balance of income and capital growth from Ihe portfolio. A typical
Level 6 portfolio benchmark will have 68.5Yo of ils assels invested in UK ané internatior)al equities.
170/0 fixed interest, 12pO/D in alternatives, and 2.5% in cash. with 8 7.5¢/0 tolerance. The trustees
consider that this mix remains suitable for the Trust.
Suitability of investments
Stock and share portfolios should be viewed as long temi investments generally held for a period
of at least 3-5 years, and the Iruslee5 could get back less than they invested. The trustees are
accepting of this fact and are prepared to tolerale capital losses.
The portfolio is measured against the APCIMS Balanced Total Return Portfolio Index and Brewin
Dolphin Consider it lo be the most appropriate measure available on which to provide comparative
performance for the portfolio. The portfolio is managed on 8 bespoke basis and so it is unlikely to
mirror exactly the constituents of the benchmark. However, it does proviée a useful reference point
against which to cornpare performan￿.
Financial information and suitability of investment objectives and risk
It is important that Brewin Dolphin are kept informed of any significant changes in circumstsnces
surrounding the Trust, as this could impact on the suitability of service and the investment
decisions they make. Each year Brewin Dolphin write to the trustees with an inveslment review.
where they review the portfolio lo ensure that the trustees consider whether it remains suitable,
relative lo the investment objective and risk profile. Brewin Dolphin will also carry out a detailed
suitability review every Iwo years, either on Ihe telephone or facevto-face, so that both parties can
lry to ensure that the stated investment objective remains appropriate for its Circumstan￿$. Where
Brewin Dolphin become aware of a significant change in the circumstances. these reviews will be
brought forward as necessary. Brewin Dolphin meel with Ihe trustees once a year at a family
meeting.
The trustees have not instructed Brewin Dolphin not to invest in any specific sector on ethical or
other grounds.
ACHIEVEMENT AND PERFORMANCE
Investments
The assets of the charity consist principally of inv8StmentS 8nd Cash and these are collectively
recorded on the Balan￿ Sheet and supporting notes at their market value on that dale. Any
increase or decrease over cost on the restatement of these values is recorded in the Ststement of
Financial Aclivilies.
Brewin Dolphin Securities Ltd act on behalf of the trustees to manage the investment portfolio and
provide safe custody of the securi118s under their nominee company, Brewin Nominees Limited alc
Charity.

Page 5
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2022
ACHIEVEMENT AND PERFORMANCE (continued)
The value of the portfolio. excluding income cash, as al 5 April 2022 stood at £12,155,205 (2021
£11.785,822) producing a net income of £277,111 {2021 £230,296), a yield of 2.280/0 (2021
1.95Y.}. The Irustees report investment profits of £364,297 for the year {2021- £2,961,084)
Market Commentary from Investment Managers (pmvid8d by Brewin Dolphin Securities Ltd-
May 2022)
Investment Portft>lio Overview
Over the last 12 months the Sir Edward Lewis Foundafion showed a tolal return after all
inveslment costs and f88s of -3.29%, versus a positive 4.380/0 return from its risk calegory
benchmark. In absolute value terms the Foundation was valued at £1 1,5T5, 645 on 3rd May 2022
versus £12,206,556 on 3rd May 2021.
The portfolio is invested to our Brewin Dolphin risk remil of Level 6. By way of a reminder, Level 6
portfolios are invesled with G. 70/0 in global equilies (Gompany shargs) with the balance in bonds
(both government and ￿rpOrate), infrastructure funds, absolute return, and commercial property.
For comparison a Level 7 portfolio is invested with c.85/0 in global equilies, with the balanc&
invested in the same non-equilies as above, and a lower risk category of Level S is invested with
c.55% in equities. with Ihe balance in these oth8rasset classes.
11 is important to note that the absolute valuè figures in themselves do not a¢¢ur8t8ly represent the
actual investment performance of the portfolio given that income is wrfhdrawn from the portfolio
periodically to cover chan"tabJe giving, 88 w8118s payments for additional legal and accounting fees.
The absolute value and investment perfonnance figures have tumed negatlV8 over the lasl 12
months, and the Foundation has underperformed versus ¢he benchmark, which is a departure from
the performance of recent years. I will therefore talk about why the value of the portfolio has fallen
8nd led to this period of underperfom7ance.
Market Updato
Global stock mathet8 h8V8 fallen sharply over the last year. Over this per￿d the Dow Jon8s Index
has fallen 1.260/0 in total return terms, the Nasdaq is down 9.20/., Ihe German DAX index is down
8. 5/0, the Hang Seng is down 23.8%, the mainland China indices are down by more than 50010,
and the UK FTSE250 index is down 5.920A. However, the one outlier is the FTSE100 irpdex which
is showing an anomalous positive total retum over 12 months of 12.350/0. More on this later.
In addition, thé normally dull government bond market has also been very weak, with the UK
Government All Stocks index down IOYLTr In the last year, and corporale bonds have had their worst
year since the Global Financial Crisis, down 12%, in both cases due to the accelerated rise in
glob81 interest rates. We are underweight bonds in the family portfolios. in favour of other
alternatives to equities such as infraslructure and commercial property, bul we do have to hold
some bonds, espe￿allY government bonds, in case of anolh8r flight to safety as W8 saw when
COV￿ fiared up two years ago.

Page 6
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2022
ACHIEVEMENT AND PERFORMANCE (continued)
The are sever81 reasons why markets have fallen and they are all somewhat interconn8cted. I do
not wanf lo write a long verse repeating what I have recently written to you about back irp April, and
you will already know much of the background from the news. In precis though, the expeGfation of
upward moves in global interesl rates began in the Aulumn of lasl year as post Covid demand for
goods and seNices exceeded levels of supply that had not oaught up to pre-covid levels, such as
for semiryconductors and capacity on container ships. Al the same lime economies were still
running hot, fuelled by hislorically low interesl rates and unprecedented levels of global
govemment support by way of QE.
As interèst rales risg, thé perceived value of companies that ar8 growing but not as yet pmducing
pmfits, falls, hence there b&gan to be som8 rotation In markets from growth orientated companies
into hislorically slower performing companies that had suddenly became relatively more attractive
in a rising interest rate envimnment, such as banks and commodily stocks. Howevèr as soon as
Russia invaded Ukraine the inflation piGture was exacerbaled significantly, pushing oil, gas and
other commodify priGes such as grains and fertiliser much further.
Prior to the Ukrainian invasion the Bank of England was predicting inflation to peak at aboul 7% in
April and then fo gradually re￿de, but the Bank is now expecting inflation to peak at around 10A0
in October, which is when the next increase in the energy price cap comes in. Thereafter Ihe rate
of inflation should start to plateau and then be falling in 2023 because of the base effect or
comparing prices then with the very elevated prices from now. One slight glimmer of hop8 IS that
the oil price has fallen back from its peak of $130 a barrel lo $110, and is unlikely to hit a higher
peak as things stand currently with data showing Ihat global consumption has dropped below the
level of global production, in part du& to the Covid lockdowns in China and some "demand
destructlon" from people using less energy, e.g. driving more consarnatively, being more efficient
with their heating.
The inflationary worries will influence consumer spending and Gompanies themselves will have to
pass on or absorb rises in Iheir input costs. Some of these Gosts Gan be passed on to customers
but not 811, and so profitabilily will be affected for a while in some industries.
Therefore inflation and rising inlerest rates are affecting stock markets at the momenl, and the
Russian invasion of Ukraine adds another layer of unGertainty to investors too.
Underperformance
The reasons above explain the falls in most global markets over the last year, mosl of whiGh
happened in Ihe last few months. However l also need to explain the unusually negative relative
performanGe of the portfolios versus Ihe benchmark.
The main reason is due to the benchmark global equity component having 8 very high perGenlage
weighting to the FTSE All Share index, to the extenl that about 35% is made up of the UK market.
As I mentioned earlier, major slock markels in the world have fallen over the last year apart from
the UK market which is up 12%. However when one looks even Gloser, il is just a small number of
very large companies that have driven the FTSE higher this year, namely Shell and BP, Ihe mining
slocks of Rios and BHP Billiton, Glaxo and Astrazeneca, British American Tobacco (BA TS) and
Diageo. The valu8 of just (hese nine companies makes up almost half of the FTSE100 s total
value. The family do own these shares, except for BATS and Astra, but in nothing like the
perGent8ges needed to have kèpt up with the benchmark. To h8ve done so would have meant
investing 17Q/o of the familys lotal global equity shareholdings in your portfolios in just these nine
companies.

Page 7
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2022
ACHIEVEMENT ANO PERFORMANCE {conllnued)
Whilst Shell for example is up 600/0 over 12 months, th8 rally in commodity stocks has largely been
due to the spike in oil and other commodily pri￿S sinGe exacerbated further by the Ukrainian crisis
and so whilst this would have been a perfect trade in hindsight it would not have been a realistlG
one. Added to that, Shell and BP alone make up 12.5/0 of the FTSE100 it would have been a risky
trade to make. The oil price is likely to have peaked and so I do not expect this level of
oiJtP8rfOrman￿ from these small number of UK company shares to continue as a medium to long
term phenomenon.
A second reason for the underperfomiance is in some ways the corollary of the above. Rather than
be invested largely in old eGonomy Gompanies your portfolios are instead invested wilh a slrong
leaning lowards Gompani8S that are growing. These companies have been hit hardest over the
short term bul wè still see Ihem as being where stronger returns will come in the years ahead,
rather than high streel banks, oil companies and toba¢co stocks.
The last reason for the underpgrformance lies with us invesling in a ￿rtain number of investment
trusts. There are two types of collective investments - open ended investment companies and
closed ended inveslment trusts
and the value of both are detemiined by the value of their
underlying investments and this value, or Net Asset Value (NA V), is published every day. However,
beG8use investment trusts are freely traded on the stock m8rkel they can be bought and sold af a
Pric8 that might be af a premium or at a disGount to the actual value of the underlying invastmenls
and dunng periods of market weakness this is usually at a discount, which is a change from when
they traded at premiums a year ago. We see investment trusts outperforming other collective funds
over the long term but their struclure has contribuled to some underperformance over the last year.
Actlon being taken
After the invasion of Ukraine and th8 subsequent inflat￿nary and interest rate baGkdraught, 8V8ry
investment in clients, portfolios has been reassessed for its medium to long t8m7 Potential and in
the Gase of just a few holdings some have been sold and the pmceeds largely retained as cash in
case of further market weakness. However this cash will be employed before too long.
Outlook
So we have seen a sharp fall in global equily and bond markels, most notably since the beginning
012022. Where do we see markets moving fmm here?
Markets tend lo look about 9 months ahead based upon Gurrent infom7ation and analyws, but that
data can be changgd very quickly during moments of shock from events like Covid or the Ukraine
inVas￿n. Based upon what we know now, inflation in the US is likely to peak in the next few
months, although the peak will be later in the UK. The combination of higher interest rates and less
consumplion will slow economiG growth, and there is a chance of recession in 2023 which is whal
often leads to bear markets. However stock and bond markets have already pricéd in much of this,
with the Nasdaq already in b8ar market tem'tory down 22/ from its peak. and the S&P500 is off
740A.

Page 8
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2022
ACHIEVEMENT AND PERFORMANCE {continued)
Whether or not we quite gel hit by two sequential quarterly falls in GDP, which defines a recession,
will depend on how well Ihe Cèntral Banks Iread the line belwgen overdoing the interest rale rises
whilst trying to Curtail inflalion. Much of the inflation should however have worked its way through
the global system by March 2023, as year on year comparisons decline versus the high prices of
oil elc that we are seeing now, and some of the goods thaf are in short supply now will have been
produced in greater numbers by then. For example at some point there will be a glut of goods like
semi-conductor chips once markel forces have had the chance to rebalance supply and demand.
We therefore think that the inflationary condilions will start to look better again in a years time and
so markets should start to seltle in the coming few months when looking ahead to 2023, and to this
end Ihe bond market is now pricing in most economists, expectations as to where interesf rates will
peak and so bond yields should not rise much lurther based on what the market knows now: which
would be a relief lo rhe growth stock valuations that ar8 th8 ones that have bean hit hardest by
nsing rates affec¢ing their relative value.
Looking at inflation over a longer lime period, il is also worth ren7embering that most mortgage
holders have fixed rate mortgages in a way that they did not have before, and also that for m8ny
years inflation was und&rs¢oring the 2/0 lgvel that central Banks tyPlGal targel and so, whilst
painful in the short tem7, provided that inflation does not persist beyond the next 12 months then
when averaged out over a GyGJe the damage should not be as bad as the headlines read. Personal
savings were buill up during the Covid lookdown, and unemployment is at low hisloric levels, with
more jobs available than people seeking employment. House prices are 8180 at all time highs
whiGh does help with Gonsumer sentiment.
Our overall view Iherefore is that whilst some countries, economies may drrft into a brief recession.
the global economy as a whole should still expand in 2023 and thereby continue to give companies
the opportunity to grow profits, 8lbeil some industries doing better than others.
Due to share prices having already moved Quickly lower in 2022 we see much of the bad news
being in the price, and in facl the average Price to Earnings ratio (PE) of the US market is now
down to 18 times, from a peak of 24 times. The twenty-year average PE is 16 limes, but relative to
bonds equities still look attractive.
Markel sentiment is very bearish af the moment with 71 % of investors Ihinking that global growlh is
set to weaken, which is the lowest reading on record going back to 1994, and the highesl
percentage of investors descnbing themselves as bearish, being the highesl since 2008, and the
VIX index is al one of its most elevated levels looking back over 20 years. Whilst this might not
sound good, it is al momen¢s of elevaled levels of doom and gloom Ihat markets usually find their
bottoms.
To conclude, whilsl there may be a bit more weakness to come in equity and bond markets, we do
not see why equity markets should f811 very much further from here, atthough fhe summer months
tend to drift a bit lower historically. We therefore expect to see markets impmving towards the end
of Ihe year and it is certainly not sensible for long term investors to be shaken out of markets by
setbacks that should be relatively short term from an historic perspective.

Page 9
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2022
CHARITABLE ACTIVITIES
Charitable activilies included donations made during the year totalling £214,500 {2021 £216,500)
with the number of charitable causes benefiting from such donations being 77 (2021 82). A full list
of the grants made during the year ended 5 April 2022 are shown under Note 6.
During the year the charlty met its objectives in the following way',-
Small donations of under £5,000 totalled £134,500 (2021- £136,500)
Large donatlons of£5,000 and over totalling £80.000 we￿..-
Amold Foundation for Rugby School - £25,000
The purpose of Ihe Amold Foundation, which is funded entirely from voluntary donations, is to
provide bursaries, subject to means testing, for students in boarding pla￿S at Rugby School.
Working in partnership with educational charilies. the Arnold Foundation airns to reach out lo
boys and girls from some of country's most disadvantaged communities, where under-
achievement is prevalent.
Kent, Surrey and Sussex Alr Ambulance Trust - £10,000
The Kent. Surrey and Sussex Air Ambulance Trust fights every day to save lives with a team of
dedicated individuals wilh a high lèvèl of expertise. With their operating bases in Rochester
Airport and Redhil Aerodrome, they are able to reach any part of Kent. Surrey or Sussex within
30 minutes.
Actlon for M.E.- £5,000
Action for M.E. provides support to children, young people and adults with myalgic
encephalomyelitis {chronic fatigue syndrome) both now and in the future. They empower
people with M.E. to fulfil their potential and secure the care and support they need. while
working lowards a grealgr und8rstanding of the illness and ultimalely a cure.
The Childhood Trust- £5,000
The Childhood Trust is a London chlld poverty charity dedicated to alleviating the impact of
povety on Children and young people living in the capilal. They aim to allevi8te the impact of
poverty for children in London by funding and delivering programrnes that meet children's
practical and emots'onal needs.
David Shepherd Wildlrfe Foundation - £5,000
DSWF is an adaptable and flexible, non-bureaucratic organisalion responding promptly to
conservation threats by supporting trusted. reputable individuals and organisations operating in
the field. The trustees, support continues to assist in the charity's efforts to help save critically
endangered mammals in Africa and Asia.
Devas Club- £5,000
Based in South London, the Devas Club's youth centre currently includes a gym, a recording
studio, performance space, cooking and computer facilities, a range of meeting and rehearsal
rooms. and a basketball court on the roof. The club is primarily targeled at providing a youth
céntre for the purpose of helping and educating young persons under the age of 25 years
through their physical, mental and spiritual capacities that they may grow to full maturily as
individuals and members of society and that their conditions of life rnay be improved.

Page 10
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2022
CHARITABLE ACTIVITIES {continued)
Duty to Care Trust- £5,000
The charity aims lo provide wèllbeing support to improve and sustain the m6ntal health and
wellbeing of heallhcare professionals. They recognise that NHS workers face an enormous
amount of pre&sure everyday which has a direct impact on their mental health and offer support
to combat this.
Gurkha Welfare Trust - £5.000
The charity ensures that Gurkha veterans, their widows and their wider communities are able lo
live with dignity. They achieve this primarily through the provision of financial. medical and
Community aid in Nepal. and operate through 22 Area Welfare Centres spread across
traditional Gurkha recruiting areas. In the UK. in conjunction with other service charities and
government bodies, they offer advice and support to help the thousands of retired Gurkhas and
their families who choose to settle here.
Kensington Trust Ltd - £5,000
This London based charity has been set up for the preventionlrelief of poverty of children or
young people. and to help youn9 people advance in life by providing support and activities that
develop their skills to enable them to participate in society as responsible individuals. Their
main activity is the support of West London FC, a cross border community football club with Iwo
teams competing in a London league. They have extended their work to include "outreach"
aimed at 16-26 year olds who are either in crime, out of work orjusl out of prison.
St. Bartholomow's Church, Leigh - £5,000
The truslees, donation to this local Church will help contribute towards buildin9 and grounds
maintenance work that is required.
UKSA- £5,000
UKSA is a youth charity that uses sailing and watersports as a catalyst lo transform young
people's lives. Their inspirational youth development and maritime training courses equip young
people wilh new work skills and life skills that start at sea.

Pag811
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED S AORIL 2022
FINANCIAL REVIEW
Income and Expenditure
The charity generated income for the year of £277,114, compared to £230,300 in 2021. The
charity's income is entirely generated from the trust's Investment portfolio and interest from cash
deposits.
Income from quoted investments for th8 year was £277.111 (note 2), reflecting a 20.4Vb increase
from 2021 (£230,187).
Govemance costs were to £24,050 (2021 £23.3401 and are detailed in Note 4. The Cost of
generaliThJ funds, were £49,060 (2021 £46,026) and mainly related lo investment management
costs.
All charity expenditure for the year has been charged lo the unrestricted income fund. For the year
ended 5 April 2022, there was net expenditure over inwme of £10,496 (2021- £(55,566)1.
In accordance wlh the Charities Act 2016, trbe trustees arè raqulred to cary out an Independent
audit of the charity accounts as the gross income is in excess of £250,000 and total assets (before
liabilities) exce8d £3.26 million.
Reserves Pollcy
At a meeting on 2 February 1990, the trustèes detemiined that their poli￿ would be to aim to
make one substantial donation every Iwo or three years lo an appropriate Cause, in addition lo a
number of smaller donations on an annual basis. To that end, they would not always distribute the
whole of one year's income in that year.
Income reserves as at 5 April 2022 totalled £286,700 {2021 - £297,196). a decrease of £10.496.
The trustees communicate on a regular basis and meet formally at least twice a year to review
their investment and donation policy. Their donation poliw r8mains unchanged since 1990.
Total charity reserves (unrestricted) increased by £353.801 during the year to 5 April 2022 to
£12,142,672 (2021- £11,788,871).
Risk Management
A risk assessment review has been undertaken which eomprises..
an annual review of the rlsks Ihe charity may fa￿..
the establishment of systems and prO￿dureS to mitigale those risks.. aTh
the im lemenlation of procedures designed to minimise any potential impact on the Gharity
shouil
those risks materialis8.
This continuing process y￿11 identify risk areas to which the trust is vulnerable and highlight any
necessary safeguards Ihat will need lo be put in place. No major risks were identified at Ihe date of
these financial statements.
The truslees have signed fil and prop8r declaralions in line with HMRC guidance.

Page 12
THE SIR EDWARD LEWIS FOUNDATION
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2022
PLANS FOR FUTURE PERIODS
The Iruslees are satisfied with the current grant maklng objectives and aim to continue to operale
this policy going fo￿ard.
No chari18bl8 commitments had been made during the year ended 5 April 2022 for future years.
Approved by thè truste8s on
and signed on their behalf by:
Mark Harris
Date

Page 13
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF
THE SIR EDWARD LEWIS FOUNDATION
Opinion
We have audited the financi81 statements of The Sir Edward Lewis Foundation ("Ihe charity.) for the year
ended 5 April 2022 which comprise the Statement of Financial Activities, Balan￿ Sheet, Statemenl of
Cash Flows and notes to the flnancial statement5. including a summary of significant accounting polici8s.
Th8 financial reporting framework that has been applied in their preparation is applicable law and Unitèd
Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of Iréland (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial stalements..
give a true and fair view of the slate of the charity's affairs as at 5 April 2022 and of its incoming
resour￿$ and application of resou￿$, for the year then ended;
have been properfy prepared in accordance with Uniled Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemat￿naI Standards on Auditing (UK) {ISAs (UK}) and
applicable law. Our responsibilities und8r those standards are further described in Auditor's
responsibilities for Ihe audit of the financial statements section of our report. We are independenl of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Elhical Standard. and we have fulfilled our other ethical
responsibilities in accordance wth these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have GonGlud8d that the Trustees, use of the going con￿rn basis
of accountiro in the preparation of the financi81 statements is appropriate.
Based on th8 work we have perfomied. we have not identif￿d any material uncertainties relating to
events or conditions that, individually or colleclively, may cast significant doubt on the charity's ability to
continue as a going concern for a period of at least ￿efve months from when the financial statements
are authorised for issue.
Our responsibililies and the responsibilities of the Trustèes wilh respect to going con￿rn are described
in the relevant sections of this report.
Other information
The Trustees are responsible for the other infonnation. The other information comprises the information
included in Ihe Trustees, Annual Reporl and Financial Statements. other Ihan the financial statements
and our audilor's report thereon. Our opinion on the financial statemenls does nol cover the other
information and, except to Ihe extent othetwise explicilly stated in our report, we do not express any fomi
of as5uranc8 conclusion thereon.

Page 14
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF
THE SIR EDWARD LEWIS FOUNDATION
Other information (continued)
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether Ihe other information is materially inconsistenl with the financial
statements or our knowledge oblained in the course of the audit or otherwise appears to be materially
misstateé. If we idenlify such material inconsisten¢ies or apparent material misststements, we are
required lo determine whelher this gives rise to a material misstatement in the financial statements.
themselves. If. based on the work we have performed, we conclude that Ihere is a material misstatement
of thls other information, we are required to report that fact.
We have nolhing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to whiGh the Charities (Accounts
and Reports) Regulations 2008 require us to report to you if. In our opinion..
the infomiation given in the financial slat8menls is inconsislent in any material respect with Ihe
Trustees, report. or
adequate accounting records hav8 not been kept., or
the financial statements are not in agreemenl with the accounting records., or
we have not received all the information and explanations we require for our audit.
Responslbllltlos of Trustees
As explained more fully in the Trustees, responsibilities stalemenl sel out on page 2, the Trustees are
responsible for the preparation of financial statements which give a true and fair view, and for such
inl8mal control as lh8 Trusteès detemiine is necessary to enable the preparation of financial statements
that ar8 free from material misstslement, whether due to fraud or error.
In preparing the financial statements, the Truslees are responsible for assessing the charity's abilrfy to
continue as a going concern, disclosing, as applicable, mallers related to going con¢ern and using the
going con￿rn basis of accounting unless the Trustees either intend to liquidate the charity or lo cease
operations, or have no realistic altemative but to do so.
Auditor's rosponsibilities for the audit of the financial statemgnts
We have been appointed as auditor under seclion 144 of the Charities Acl 2011 and report in
accordan￿ with regul8tions made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from malerial misstatement, whether due to fraud or error. and to issue an auditor's report that
Includes our opinion. Reasonable assuran￿ is a high level of assurance. but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always det8cl a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material rf, individually or in the
aggregate, they could reasonably be expecled lo influ8nc8 the economic decisions of users taken on the
basis of these financial statements.

Page15
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF
THE SIR EDWARD LEWIS FOUNDATION
Audltor's responsibilitiès for the audit of the financial S￿￿0Ments {conlinued)
Irregularilies. including fraud. are instances of non-compliance with laws and regulations. We design
procedures in line with our ￿SponsIbl11t1e$, outlined above, to delect material misstatements in respect of
irregularilies, including fraud.
Our assessment of the susceptibility of the charity's financial statements to material misslatemen(
including how fraud might occur, is considered to be low. This conclusion was reached after the
consideration of the following..
due lo the relatively simple business model and number of transactions within the charity thére arè
comparatively few unexpected fluctuations in the reported results and balances and any such
unexpected items would be specifically enquired into by us., and
there are a number of individuals which comprise °management' and therefore there is no single
individual who is likely to be able to override controls lo effecl a fraud.
We designed our audit procedures to respond to idenllfied audit risks, including non-compliance with
laws and regulations (irr8gularitiesl that are material to the financial statements. Some of the specific
procedures performed to detect irregularities, including fraud, are detailed bebw..
Ihe review of control accounts and joumal entries for large. unusual or unauthorised entries..
the analytical review of the detailed statement of financial activities for variances that are either
unexpected or felt not to be in accordance with our und8rslanding of the charitsble artivities during
the year.,
obtaining and reviewing for compleleness a list of entities and persons considered to be related
parties (as defined by Finanaal Reporting Standard 102) and reviewing the ledgers of the Charity for
previously unreported related party Iransactions.,
review of transactions and journals for any indication of fraud or management override- and
review of Trustees, meeting minutes for unrecorded transactions.
Because of the inherent limitatlons of an audit, there is a risk thal we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-complian￿ wilh
regulation. This risk increases the more that compliants with a law or regulation is removed from the
events and transactions reflected in the financial statements. as we will be less likely to become aware of
Instances of non-compliance. The risk is also greater regarding irregularilies occurririg due to fraud
rather than érror. as fraud involves intentional concealment, forgery. collusion. omission or
misrepresentstion.
A further description of our responsibilities for the audil of the financial slatemenls is located on the
Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description fomis
part of our auditor's report.

Page 16
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF
THE SIR EDWARD LEWIS FOUNDATION
Use of this report
This report is made solely to Ihe charity's Trustees. as a body, in accordan￿ with Part 4 of the Charities
(Accounts and Reporls) Regulations 2008. Our audit work has been undertaken so that we might slate
to the charity's Trustees those matters we are required to stale lo them in an auditor's reporl and for no
olher purpose. To the fullest extent permitted by law. we do not accept or assurne responsibility lo
anyone other than the charity and the charity's Trustees as a body, for our audit work, for this report, or
for the opinions we have formed.
John Pudduck FCCA
Senior Statutory Auditor
Martlet Audit Limited
Martlet House
E1 Yeoman Gat8
Yeoman Way
Worthir)g
West Sussex 8N13 3QZ
0210212023

Page 17
THE SIR EDWARD LEWIS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2022
Unrestricted Funds
Income
Capital
Fund
Fund
Total Funds
2022
2021
Note
Income from..
Inv8Stments
Bank deposit interest
277.111
277,111
230.296
Total income
277,114
277,114
230,300
Expenditure on:
Charitable activities
Cost of raising funds
238,550
49,060
238.550
49,060
239.840
46,026
Total expenditure
287.610
287,610
285,866
Net gainsl(lossos) on investments
10
364,297
364,297
2,961,084
Net movement In funds
{10,496)
364,297
353,801
2,905,518
Re¢on¢iliation of fvnds:
Total funds brought forward at 6 April 2021
297,196 11,491.675 11,788,871
8,883,353
Total funds carried fonvard
at 5 April 2022
£ 286,700 £11,855.972 £12,142,672 £11,788,871
There are no recognised gains or losses other than those included in the Statement of Financial Aclivities.
All income and expenditure relate to continuing aclivities.
The notes on page$ 18 10 24 fomi part of these flnancial statements

Page 18
THE SIR EDWARD LEWIS FOUNDATION
BALANCE SHEET
AT 5 APRIL 2022
Note
2022
2021
Fixed assets:
Investments
10
12,155,205
11,785,822
Current ass•ts:
Deblor
Cash at bank
288
1,612
1,514
21,508
1,900
23,022
Liabilitios:
Creditors - amounts falling due
within one year
(14,433)
(19.973)
Net current assets
112,533)
3,049
Total net assets
£12,142,672
£11,788,871
The funds of the charity:
Capital Fund
11,855.972
11,491,675
Income Fund
286,700
297,196
Total charity funds
£12,142,672
£11,788,871
Approved and signed on bohalf of the Trustees by:
Mark Harris
Date
The notes on pages 20 to 27 form part of these financial statements

Page 19
THE SIR EDWARD LE￿s FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 5 APRIL 2022
2022
2021
Cash flows from operating activities
Net movemenl in funds for the y8ar
Adjuslmenls for:
Investment income
Deposit interest
Net Igainllloss on investment assets
Nel lincrease)Idecrease in debtors
Nel increasel(decrease) in creditors
353,801
2,905.518
(277,111)
(3)
{364,297)
1,226
{5,540)
(230,296)
(4}
(2,961,084)
(1.514)
2,002
Net cash generated from operating activities
{291,924)
(285,378)
Cash flows from investlng activities
Investment income
Deposit interest
Payments to a¢quire investments
Re￿IPtS from sales of investments
277.111
230,296
11.910,585)
2.002,915
(1,764,554)
1,644,945
Net cash generated from investing activities
369,444
110,691
Net incrèasel(dècr8asel In cash and cash •qulvalents for the year
77.520
(174.687)
Cash and cash equivalents at 6 Aprll 2021
214,235
388.922
Cash and cash equivalonts at 5 April 2022
£291,755
£214,235
Cash and cash equivalents consist of:
Cash held with..
Brewin Dolphin Securities
Capital account
Income account
Coutts & Co
290,143
192,727
19.898
1.610
1,612
£ 291,755
£ 214,235
The notes on pages 2010 27 form part of these financial statements

Page 20
THE SIR EDWARD LEWIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
ACCOUNTING POLICIES
The financial statements have been prepared in accordance with Accounting and R8POrting by
Charities.. Statement of Recommended Praclice applicablé to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102} ("Charities SORP FRS 102.1 issued in October 2019. the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 1021. the Charilies Acl 2011 and
UK Generally A￿epted Accounting Practice. The trust constitutes a public benefit entily as defined
by Charilies SORP FRS 102.
The financial statements are presented in sterling which is the functional currency of the charity.
The principal accounting policies adopted are as follows:_
Fixed asset investments
Investmenls are included at closing mid-market value at the Balance Sheet dale. Realised gains
and losses on investments are recognised on disposals of investments and any gain or loss on
revaluation is taken to the Statement of Financial Activities (SOFAI. The detemiinalion of any gains
and lossés ar8 calculated by rèferèncè to the mid-market value of such assets at the beginning of
the accounting period.
Cash held for inveslmenl is induded wilhin the Fixed Assets Investmenls in accordance with
Charities SORP {FRS 102).
Incoming resources
Investment income is derived from dividend and inlerest receivable from investments. Dividends
and bond interest are accounted for in the period in which the Irusl is entilled to receipt. Interest
from deposit accounts is included as and when received only. All incoming reSoUr￿S are included
in the SOFA when the Charity is entil￿d to the income and the amount can be quantified wlh
reasonable accuracy.
Resources expended
All expenditure is recognised once there is a legal or constructive obligation to make a payment to
a third party. Cosls of raising funds cornprise the investment management costs. Grant
expenditure are grants payable to charitable entities.
Charitable activities are comprised of grants and donations made during the period. These are
expended through the Statement of Financial Activities when the offer is conveyed to the recipient.
Governance costs relate to the general running of the Charity, as opposed to thè management
functions inherenl in generating funds.
Status of funds
All funds are held on an unrestricted basis. The trustees have complete discr8tion for the use of
the funds in pursuance of the Trust's objectives.
Taxation
The Charity is not subject lo any taxes on its charitable activities. Irrecoverable VAT is charged lo
Ihe SOFA against the category of reSoUr￿S expended for which it was derived.

Page 21
THE SIR EDWARD LEWIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
ACCOUNTING POLICIES (continued)
Debtors and creditors rocelvablelpayable wlthln one year
Debtors and creditors with no ststed interest rate and receivable or payable within one year are
recorded at transadion price. Any losses arising from Impalm￿nt are recognised as expenditure.
Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term
highly liquid inveslments with original maturities of three months or less and bank overdrafts. Bank
overdrafts. when applicable, are shown within borrowings in current liabilities. Cash held by
investment managers for investing is treated as part of the investment portfolio.
Flnancial instruments
The Foundation only has financial assets and financial li8billtles of a kind Ihat qualify as basic
financial instruments. Basic financial instruments are recognised al transaction value, except
where settlement is delayed. in which case the trdnsaction is recognised at the presenl value of the
settlemenl amount.
Going concern
The financial statements have been prepared on a going con￿rn basis as the Truslees believe
that no malerial Un￿rtaInlieS exisl. The Trustees have considered the lev81 of funds held and the
expected level of income and expenditure for iwelve months from the date of signing of these
financial statements. Th8 forecast income and reserves are sufficient to cover all of the budgeted
expenditure to be abl8 lo continue as a going concem.
The Covid-19 pandemic arKI current ongoing conflict in Ukraine have affect the global economy.
Having considered the contingency plans in place and having reviewed updated Cashflow
forecasts. the Trustees consider the adoption of the going concem basis in preparing these
financial statemenls conb'nues to be appropriate.
Judgements and Key Sources of Estimation Uncortalnty
The preparation of the financial statemenls requires management to make judgements, eslimates
and assumptions Ihat affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other fartors, including expectations of
future events that are believed to be reasonable under the Circumstan￿S. There were no
judgements (apart from those involving estimations} that managemenl has had to make in the
process of applying the entity's accounting policies and thal have a significant effecl on the
amounts recognised in the financial slatemenls.

Page 22
THE SIR EDWARD LEWIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
2022
2021
INCOME FROM INVESTMENTS
Income from UK quoted securities
UK company dividends
UK unil trusts dividends
UK unil trust intérest
UK real estate investment trust income
other UK interest
Income from overseas quoled securities
Overseas dividends
Overseas interest
130,966
30,816
33,052
14,922
1,545
106,069
32,714
33,461
11,259
47.396
18,414
30.317
16,367
Total income from quoted securities
277.111
230,187
Brewin Dolphin deposit interest
109
Total Investment Incomè
£277,111
£ 230,296
CHARITABLE ACTIVITIES
Charitable donalions made (nole 6)
Governance costs (note 4>
214,500
24,050
216.500
23,340
Total eharitablè activities expenditure
£ 238,550
£ 239,840
GOVERNANCE COSTS
Accountancy fees
Audit fees
Bank charges
Independent examination fees
21.696
2.340
14
22,200
1,140
Total govern8nee eosts
£ 24,050
£ 23.340
COST OF RAISING FUNDS
Investment managemenl fees
Foreign non-reclaimable lax credits
48.986
74
46,026
Total cost of raising funds
£ 49,060
£ 46,026

Page 23
THE SIR EDWARD LEWIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
2022
2021
CHARITABLE DONATIONS MADE
The Sir Edward Lewis Foundation undertakes its charitable actiwties through grant making and
awarded donations to the following charitable inslilutions:_
Arnold Foundation for Rugby School
Kent, Surrey and Sussex Air Ambulance Trust
Action for ME
The Childhood Trust
David Shepherd Wildlife Foundation
Devas Club
Duty to Care Trust
Gurkha Welfare Trust
Kensington Trust Ltd
Sl Bartholomew's Church, Leigh
UKSA
Combal Stress
CRISIS
Dogs Trust
Earl Mountbatten Hospi
Fareshare
London Youth Choir
Ridgegale Home
Versus Arthritis
Surrey Opera
The Children's Trust Tadworth
City Chamber Choir
Institute of Economic Affairs
Music in Hospitals
Royal British Legion
St Catherine's Hospicè
Trinity Hospice
Help Musicians UK
Age UK
Airey Neave Trust
Alzheimer's Society
Dame Vera Lynn Children's Charily
Hampshire & Isle ofwight Communty Foundation
Lislening Books
Maggie's Centres
Marie Curie Cancer Care
Music Action International
National Osteoporosis Society
New English Ballet Theatre
Prostate Can￿r UK
Reed's School
Royal National Institute of Blind People
SeeAbilily
St Giles Trust
Starlight Chlldren's Foundation
25,000
10,000
5,000
5,000
5.000
5,000
5,000
5.000
5,000
5,000
5,000
4,000
4.000
4,000
4,000
4,000
4,000
4,000
4,000
3,500
3,000
3,000
3,000
3,000
3,000
3.000
3,000
2.500
2,000
2,000
2.000
2,000
2,000
2,000
2,000
2,000
2.000
2,000
2.000
2.000
2,000
2,000
2,000
2,000
2,000
27.000
5.000
5,000
5,000
5.000
5,000
5,000
5.000
5.000
8,000
4,000
4,000
4,000
4,OCIO
4,000
4.000
4.000
3.500
3.000
3,000
3,000
3,000
3,000
3,OQ
3,ODO
2.500
2.ODO
2.000
2.ODO
2.000
2,000
2,000
2.000
2,000
2,000
2,000
2,000
2,000
2.000
2,000
2,000
2,000

Page 24
THE SIR EDWARD LEWIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
2022
2021
CHARITABLE DONATIONS MADE (continued)
Surrey Wildlife Trust
Telephones for the Blind
Thrombosis UK {Life Blood)
United Kingdom Antarctic Heritage Trust
War Memorials Trust
WaterAid
Wildlrfe Aid
Young Lives vs Cancer (fomierly CLIC Sargent)
Shipwrecked Mariners. Society
St John Ambulance
Stroke Asso¢ialion
Asthma + Lung UK
Blind Veterans (formerly St Dunstan's)
Breast Cancer Now
Brooke Hospltal for Animals
Compaid Trust
Demand Design & Manufacture for Disability
Disability Snowsport UK
Fight for Sight
Goldsmith's Choral Union
Kidney Care UK (British Kidney Patient Association)
London City Mission
Macmillan Cancer Support
Mission to Sèafarers
Motability
P.D.S.A.
The Pain Relief Foundation
Rainbow Trust Children'5 Charity
Royal National Lrfeboat Institute
Royal Star & Garter Homes
Samaritans (East Surrey)
SSAFA
King Edward Vll's Hospital (Sister Agnes}
Rugby Clubs Cenlral Fund
Bob Chudley Club for the Blind
British Wheelchair Sports Foundation
Frsends of the Elderly
Independent Age (Unlversal Ben8vo16nt Soci6ty)
St Peter's House Project (The Metro Centre)
Prin￿sS Alice Hospice
2,000
2,000
2,000
2.000
2.000
2,000
2,000
2,000
1.500
1.500
1.500
1,000
1.000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1.000
1.000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
1,500
1,500
1,500
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
5,000
2,000
1,000
1,000
1.000
1.000
1,000
1,000
Total charitable donations mado
£ 214,500 £ 216,500

Page 25
THE SIR EDWARD LEWIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
2022
2021
DEBTORS
HM Revenue & Customs- UK tax repayment
Investment incorne in course of collection
288
1,514
288 £ 1,514
CASH AT BANK
Brewin Dolphin Securities - capital account
Brewin Dolphin Securities - income account
Coutts & Co - Rawlinson & Hunter client a¢Gount
290.143
192.727
19.898
1.610
1,612
291,755
214,235
(290,143) (192.727)
Less: investmenl cash reported under note 10
1,612 £ 21.508
CREDITORS- amounts falling dug within one year
Investmenl management fees
Audit fees
Accountancy fees
Independent examination fees
12.093
2,340
11,873
6,960
1,140
£ 14,433 £ 19,973

Page 26
THE SIR EDWARD LEWIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
2022
2021
10. INVESTMENTS AT MARKET VALUE
Quoted investments at market value comprise:
Quoted investments within the United Kingdom
Quoted investments outside the United Kingdom
10,091,094
1,773,968
9,891,263
1,701,832
Total investments exduding cash
11,865.062 11,593,095
Investment cash held at Brewin Dolphin Securities
290,143
192,727
Total investment assets
£12,155,205 £11,785,822
Quoted investments
Markel value at 6 April 2021
Additions at cost
Disposal proceeds
Net realised gains on sales
Nel unrealised gains on revaluation
11,593,095
8,512,402
1,910,585
1,784,554
(2,002,915) {1,644,945)
17,571
273,195
346,726
2,687,889
Market value at S April 2022
£11,865.062 £11,593,095
Historical cost al 5 April 2022
£7,700,519 £ 7,504,022
Nel gains on investment assets
Nel realised gainsl(losses) on sales
Nel unrealised gainsl(lossesl on revaluation
17.571
346.726
273,195
2,687,889
Tolal net galnl{loss) on Invostmont assets
£ 364.297 £2,961,084

Page 27
THE SIR EDWARD LEWIS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Balance
brought
forward
Income
and
Gains
Expenditure
and
Lossès
Balance
carried
forward
11. FUND RECONCILIATION
For the y8ar ended 5 April 2022
Capital Fund
Incorne Fund
11,491,675
297.196
364.297
277.114
11,855,972
286.700
(287,610)
Total Funds
£11,788,871
£ 641,411 £ {287,610) £12.142.672
For the year ended 5 April 2021
Capital Fund
Income Fund
8,530,591
352,762
2,961,084
230.300
11,491,675
297,196
(285,866)
Total Funds
£8,883,353
£3,191,384 £ (285,866) £11,788,871
Income
Fund
Capital
Fund
Total
2022
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Investments
Debtors
Cash
Creditors
299,233
288
1.612
114,4331
11,855.972 12,155,205
288
1.612
{14,433)
Total Funds
£ 286,700 £11,855,972 £12.142,672
Income
Fund
Capital
Fund
Total
2021
Investments
Debtors
Cash
Creditors
11,785.822 11,785,822
1,514
21,508
{19,973)
1,514
21.508
(19,9731
Total Funds
£ 3,049 £11.785,822 £11,788,871
13. TRANSACTIONS WITH TRUSTEES AND CONNECTED PERSONS
No trustèe re￿1Ve￿ any remuneration or expenses during the year ended 5 April 2022.
Fees lolalling £21,695 (2021 - £22,200) became payable lo Rawlinson & Hunter for accountancy
and administrative services provided during the year. Mark Harris, a trustee, is also a partner of
Rawlinson & Hunter LLP. As at the year end, no fees (2021 £6,960) remained payable to
Rawlinson & Hunter LLP.