2025-04-05-accounts

THE SIR EDWARD LEWIS FOUNDATION (Reglstèred Charity No. 2644751 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 RAWLINSON & HUNTER

THE SIR EDWARD LEWIS FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S CONTENTS Page Tm8lees' Annual Report Independent Audilorfs Report 15-17 Statement of Finanaal Adivities B81anrÈ She8t Statement ofCa5h Flows 20 Notes lo the Financial Statements

p￿tr1 THE SIR EDWARD LEWIS FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2025 The Iruslees present their report and indepen(lenlly audited financial slalemenls of the Sir Edward Lems Foundation I"IhÈ trust" or Ihe chariWI for the year Ènded 5 April 2025. Thesè have been prÈp8fftd in 8ccord8ncÉ with th8 8ccounting policies 8el out in no18 1 and comply wilh lh8 charity's Trusl Dead and appl￿ble charity law. ThÈ financial slaiemÈnl8 compty wlh thÈ Charit￿$ A¢1 2011 and whÈrÈ re￿Vant. th& ChariliÈ$ Act 2022, the charity'8 tru81 deed dated 19 Juty 1972 and Accounting and ReportirKJ by Charities.. S181emenl of Recommended Practice applicable lo chBrilies preparing Iheir accounts in accord8nce wlh the Fin8n￿￿1 Reporting Standard applicable in the UK and Republic of Ireland- SORP IFRSI. REFERENCE AND ADMINISTRAfVE DETAILS UK Charty Registration Number.. 264475 Registered OffiGe= Eighth Floor 6 New Street Square London EC4A 3AQ Email Addre5S= [e-mail] Tru8t808.' Sarah Jane Noel Dorin Christopher John Alfred Moel Lewi5 David Edward Noel Lewis Mark Harri8 Independent Auditor.. John Pudduck FCCA. Martlet Audit Limited M8rtlel House E1, Yeoman G3te Yeoman Way. Worthing West Sussex BN13 302 Accountsnts: Rawlinson & Hunter LLP Eighth Floor. 6 New Street Square London EC4A 3AQ Investment Managers.. RBC Brewin Dolphin 12 Smithfield Street London EC1A 9BD Bdnk?r5'. Coulls & Co Composite Otfice Level 1, Thanel Grange we$l￿lff On Sea Essex SSO OEJ SollcltOf8'. F8rrer & Co LLP 66 Lincoln's Inn FElds London WC2A 3LH Tax Dfj8trfct and Rofor8nco'. HMRC Charities- ref.. XN 29042 HMRC Trus15 ref 18717 38525 Legal Entlty Idènt611or ILEII.. 2138OOVVMXZG6RV7XBH75

P￿tr2 THE SIR EDWARD LEWIS FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Sir Edw8rd Lews Foundation w88 established by a Tru81 Deed d8ted 19 July 1972 and 18 an unincorporaleLI charitable trust bounij by the proper law of En9land and Wa￿s. The original selllor as the late Sir Edward Roberts Lewis The entire resources of Ihe tharity have been unreslrided throughout the year and the Irusiee8 have cornplele discrelion forlheir use. ThÈ Iruslee8 U8ually consider new donations bi-annually. The trustees, investment powers are unrestrided. IrusleÈs have the power lo appoint new or additional Iru8tees provided that Ihe total number does not ex￿e0 nine at 8ny time. ststèment of Trutstèets, Responsibilities The 18w 3pplicable to charilEs in Engl8nd and Wales requires the trustees to prepare finanoal stalernents for each finanaal year which give a true and fair ￿eW of the stale of the affairs of the chanty and of the inix)ming resources and 8ppli£tion of resourtss of thÈ d)arity frjr that period. In preparing those financial staletnenls, the Iruslees are required to.. seled suitable accounting policies and 3ppty them consislenlly.- obsenfe the methods and printip￿s in the Charity SORP IFRS 1021", make judgemen18 8nd estimates Ih818re reasonable and prLJdenl', slate whether appIl￿ble accounling s18ndards have been followed, subject to any rnalerial departures disdosed and explained in the financial statements, and prÈp8re the fin8na81 statements on 8 going Concern basis unless It Is Inappropriate io pre8ume that the charity will continue in oper8tion. The Trustees are responsiNe for keeping proper accounting records that disclose ￿￿th reasonable acthr8Cy 81 any IimÈthefinancial p081tion of the charity and Èn8ble them lo èn8urè that the finanti81 slalemenls Comp￿ bvilh the Charities Act 2011 and where relevanl, the Charilies Act 2022. the Charity (Accounts and Reports) Regulations 2008 and the provision5 of the trust deed. They are also responsible for safeguarding the assets of the ¢harily and hence for iaknng reasonable $ieps forthe prevention and detection of fr8ud and other irregularities. Disclosure Of informatitsn ttsAuditor In so far as the Trustees are aware". there is no relevant au(lit information of which the charity's auditor is unaware." and Ihe Trustees have taken 8118teps Ihal they ought to have taken lo make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. The Iruslees h8ve complied wlh their public benefit duly under section 17 of the Charities Act 2011 lo have due regard lo guidan published by the Charity Commission.

P￿tr3 THE SIR EDWARD LEWIS FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2025 STRLICTURE, GOVERNANCE AND MANAGEMENT Icontinuedl Inductlon and tralnlng No 5peaal policies or procedure5 have been adopted for the inducbon and training of ItU51ees, all of whom art nominated on account of their knowledge and experti$È in the field of the charity's oper81ions. All Iruslees are 8ware ol their duties and obligalions towards Ihe mainlenance of the charity and the proledion of ils assets. Iniernal Controls The ITuslees have overall responsibility for ensuring that the charty has appropriate systems of internal controls. They are also responsible for keepirwj proper accounting records thich disclose with reasonable accxJr8cy al any lime the financial position of the charity and enablè them lo ensure that the financial slalements follow l)esl practi￿. They are also responsible for the ch3rity safeguarding its assets and hence f￿ tsking reasonable steps for the prevention and deleclion of fraud and Other irregularitiès. The system of intemal controls is designed lo provide reasonable. bul not absolute. assuran against tnalerial tnisstalement or loss. OBJECTIVES AND ACTIVITIES FOR THE PUBUC BENEFIT The object5 of the charity are lo apply income and capital for such charitable purposes, charitable inslilulions or tharitable foundations, in suth countries and in such mannÈr as the Injstees in their absolute disuelion think fil. The trustees usually consider new donations bi-8nnually, every May and December. In gènèral, the trustee8 are more inclined lo ￿nefIt chanlies known personally lo them and, in addilion, charilies which were known lo be favoured by the Settlor. Furthermore. the trustees have a(lople(l a practitr lo m4ke donations lo a number of charities who reTrive payments from the Foundation on a regular annual basis. However. new appeals are 5ti11 regulady rewewed and con81dered accordingly. Postal Ind email appea15 are sent to the registered office and email addres5 of the Foundation respectively. They are then forwarded to the trustees at regular interv8ls for consideration. Statement of Public Benefit As 8 granl-funder, thÈtharity's adivitieswill providÈ public benefrtlothe Individua188nd communities who are beneficiaries of the charty's funded projects. The Trustees are aware of the Ch3rity Commission guidance on Public Bènefit and confirm IhatthÈy have complied with thè duly in Sèction 4 of the Charities Act 2011 lo have due regarLI lo it. They consider the inforrnalion which follows in this annual report. aboutthe trust's aims. adivities 8nd athièvement8 in the are8s of Interesith8ithÈ ITUSI supports. (lemonslrales the benefit lo ils benefiuaries and through them to the publiG whi arise from those acti￿11&$.

P￿tr4 THE SIR EDWARD LEWIS FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2025 ACHIEVEMENT AND PERFORPMNCE Investmonts ThÈ assets of the tharity con$l prinfxpally of invÈsknents and c2sh these are Co1￿￿1¥1Y recorded on the Balantt Sheeland supportiNJ notes 81theirm8rfKel v81ue on th81 dale. Any Increase or decrease over cost on the restalernenl of these values is recorded in the Slatement of Finanoal ACtI￿lies. RBC Brevrin Dolphin act on behalf of the trustees lo manage the investment portfolio and provide safe custody. RBC Brwn Dolphin primarity uses ils own whollywned subsidiary nominee cotnpanies within the RBC Group to hold client assets in safe custody. The value of the portfolio. excluding income cash. as 31 5 April 2025 sto(rtl at £10.950.99612024 £11.390,5951 producing a net income of £290,03112024- £285.6581. 8 y￿Id of 2.65% The trustee8 report inveslmenl10s5es for the year of £439,92012024- £756,350 gain51. Market Commontary from Inv88tmont Manager8 (provided by RBC BRTrwn Dolphin PIC- May 20251 lrtvestsnentperfomiartce over 1. Sand fo years Th6 Lswis Ftrundation is managed to the RBC Br￿￿ Dolphin L&v&l 6 risk c&l69ory Iotrt of fo, wilh 10 being the hwhest) wh￿h has ¢.TO% olits v8lue invested in glob&l sh8res and ¢.30% in bonds and other non-equities Over l yeèr. 5 yeèrs. and 10 years IhÈ nèl total r8tUTn lèltÈT èll int8m81 RBC BD costs and ellexlemslcosts emanatino from thirdp&rty fvndsl to 5th Apri12025 wes +0.76%. +30.82% and +56.21%. r8spectively The Foundation outperfonned the relevant ARC IAss&l Risk Consultants) Balanced Total Relum 8enchm8rt(aversge of +21.81% over 5ye&rs end +36.91% over IOye&rs but Unde￿erf0m￿dthe average of+3 35% over l year. The l-yearrelative perf0nrja￿￿ a bit disappDirJting given Ihat the l-year data was looking much better vet3us fhe benchmart( before the stock msrket sell ofl that occurtEd behveen Febmsry 2025 l&tt&r US President Trump's inauguralion) and 2ndAprtl (his taiiffff announceFnentsl As al Febrtjary 20th 2025 the r&l8tive perforn?attce dsl was outperfomiing overall Ihree time ptrriods, as In the t8ble below. NEt N¢t Petforman¢e PertOrrnan¢e 11Yto Isyto 2010212SI 2WOW251 Net Pert¥rm8n¢E 110Yto 2QiD21251 Portlollo BlskCatg40ry SirEdwaid LEWIS Foundation 9.1196 20.80 6892 A￿et RlskConsuitsnt3lARCI Batsnced 8.95 15.49 43.15 The reason why the timing proved importantis th3t Ihe cut trff point for the 5th Apnlretstive performance versusARC turnedoutta be a majorlowpointin global stock n7athets Ihatculfftinated w7th the global falls after Trump's tanff announcements. The Found3thon's portfolio is ptrstiioned to meet its objective trf producing a Teturn balanced behveen Ca￿talgrOWth andincome. Forthe capital growth. ￿ ate cuT￿n￿lY positionedin we frEferb 8s'oualitygmwth"stocks which we*E hithart. During moments ofstnfe the rFJarkEtcan be prettyundisceming. Sinkingldropp￿9 allships. The tiffning of the tarrfl selkoff co{￿ldIng the 5th April (lata cut therefofft had the effect of the l-ye&roufp8rfom)8nce Ih8t h8d b$6n in place before. However, we contsnt that the longer tsmi horizons are slil1showingou￿erf0Trn￿rj¢e undereitherscenarto arjdshow thatthe capitslgrowth ststegy 16 stsll out.

p￿&$ THE SIR EDWARD LEWIS FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2025 ACHIEVEMENT AND PERFORMANCE Icontlnuodl TLiming ttr the In￿Me part of thtr Foundatth's objective, as 8t 5th April 2025 the 8nticp8ted incom& is £298.OOJ based on Ihe CUr￿￿tportAoI1C>. whth is up c>n the incon7e figure of £276.000 in 2024, whKh irj tum was up fmm £248,OOOin 2023. dtrmons￿tI1Y9 thètÈh6 trbPcti￿ ofproducirtg a rising l&velofinctrm6 is also being achieved M4rket updat& Afterthe declar&t￿ of Trumps electhon wctory on 6th November 2024 stock matets reactedp￿t1VeIy. gairjing about 6% in the run up lo his inauguration 20th Jarjuary. Afflong lh8 elite eager to algn themselves with the newpre&dent we? Ame17ca s weathiest tsch m8gnates, e8ch payino a minimum of slrFJiII￿n to standbythe newPTesidentas he MrdSSWOm MJ. Howevei, frorn that day on the markets grew increasingly sceplical each Executive Order that he swned. and esch Tweetposled, espe￿&11￿ those relating ttr internatiortl ￿l•￿0n$ and Irsde. The speed at wh￿h Tffurnp Mffjsrnoving thep0S￿on ofthe Urjited Slate5 awayfrom being a stable andreliable ally to the Westem took 811 by sufrprise, hitting pesk shock with his treatment off Pr$6identZelensky in the Whits House Although Trump wamed that he would be biinging new 18riff5 Qn April 2nd. the srie and somewhat irr8titrn81 n8tur8 in wh￿h they W8T8 C81culat&d w8É dest8biliÈing. Even couniri$s in 8 tr8d6 dsfrtit to the U.S. were hit with a lar￿. un¢lermining Ameft7¢a s credibility further. When these We￿ announced. the strverity olthe tariffs hitm&rkets hard. p&thul8rly Ihtr US m8th&t. krtowing th&tthe t8rrffK&lloutlntr&8strd the likelihood of recession, due to slow￿9 trnde. &nd also incre35ed the nsk ofhigher US ￿flatIon. with thé c0st0ftèr￿ béiiygp8ssed on to consumèrs Ihrough higherprices on importedgoods. This unc&rtairJtycaused the S&P500 to hav8 anothershap18gdown. The totaldrDP frcffl lh8 inaugui8tion high was aIn￿tst20%. butnol quite byenough lo be declareda be8rmatet The NASDAQ fell a bitmoE. Tffufflp States that he is plawng the long game to improve Ihe US econorny and has tiled to reassure markets thatinvestors are being too focused on the short tenr. The reshoyng endinward investmentinto Èhe US ￿lItake fime. thatisundeniable. andlnarkets areoftendrivenbyshDrtterrn thinking. Nevertheless. aftersome confl￿ting V￿wts from big names Such as Elon Musk &nd j&M￿ Oimon ICh&inn&n &nd CEO trf JP Morgan Chase), Trump arjnoUrJ￿d a g(Pday delay on tariffs for all countiies, except China, to allow time forne9trtlal￿ns. Tre US martel felt 8 Strong tsense ofrelEfand )otsnced almotst io%. However, Trump Ist6r tsa￿ in s Tw86t fh8t he wsnted fo Jemm$ Powell, the h$8d ol the Federnl reserve. the US Central Bank, because he wouldnot¢utinterest rates. The independence of the FED is som&wh8t s&cros&nct, snd Ihis csused &nother sell off irt slock m&rk8ts, Slmost back to where Ih&y h8d beena weekorsoeafttier. importantlythe USbondm8rkelalso S￿Off swilYyan(Iseverely. not unlik& tho fo Liz Ttyss's budg&t in the UK. Snd the US dollarwe8kén6dsh8rply loo. Wtshin 24 hours Trump ts81isédfhath6 h8dov8rp18yédhis hand 8ndtook bèckhis words. This mw-b8ck. plus the eatlierpause on 1817ffs, showed that ¢fie￿ aftE some guafflrails ￿tfvin Trun7ps pOI￿leS, and that his administration mwhtbe restrèintrdfrcffl V&8Ting too farlo extr&m&s. R&l￿fatt￿ls discovèryh8s allowed markets to rewver8 bitmo￿. ￿th the S&P500 r￿Wonty8 5% off its alktme h￿h Thismovementin the m8rt(etsoverthisperndisshownbelow, elbeitlhisdoesnoldemonstrnle thebounce back to where it 15 8tnow- abo(rt 2% above where it was on electron day.

P￿tr6 THE SIR EDWARD LEWIS FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2025 ACHIEVEMENT AND PERFORMANCE Icontinuedl Aftèr the Trump bump. the Trump hump. and Into thè Trump slump l Trurnp election Mump 105 IIKJ Riimp 95 TrurnD inou8uraliOn Slump 90 NOV 24 Dec24 ion 25 Feb25 Mor 25 Apr 25 North A Tr￿¢0￿ eqviues Evropeonequitie$ The reason I show Ihis to demonstrate how it is impossible to realis￿allY prBdict the mov8menE Df m&rkets In the shorttenn. Indeed, in mynoles b the Trustees al ourmeeling & ye8rgo I mentioned then the danger of Twffnps 18iTffs and his likely 8tt8ck on Jerome Powell. We a150 knew ￿￿k then his dislike fforthe level olsupptrrt for Ukrsine and that he w8nled lo chaslen the EU for notpawng MO￿ forits ow deffence However, the ￿81S￿O¢kIaYln the severityofthe tsriffs-theirsweepingscope and the abruplness oltheir Im￿&M$￿t&tI0n, appl￿d ￿￿lS¢￿Minattr￿y, wh$lh$rto lri$nd orfoe. TffUfflPS Style seeffls aknn to lh8 way h8 opeTrted as a prDp8Fty deVelo￿r. You don't neèd to sèe thèm again Perhaps he is beginning to realise that such ta￿S do not apply 8s well to counti7es th8t the US will have to live nextto and ITade with foTeverThorE. And global consumers do have ¢hoKes. Whether lo buy 8 car from Tesl3. a coffee from ste￿￿Cks. a Bosing r8th&r than èn Airbus, and niany moT8 &xm￿s. tt will 18ke 8 whil8 forth6 ramir￿￿tionS of 811 trf this topl8yOiIt, plus the t8riff rep17eve ￿ only untr12ndJuly. What will happen then? Bu&ness senlimenthss been dmpping, as Sho￿ by th& chart below which displays the lallin ant￿patsd production froin US comp8rJies tt> a level thatis arOundr￿sSIOnary levels

P￿tr7 THE SIR EDWARD LEWIS FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2025 ACHIEVEMENT AND PERFORMANCE Icontinuedl A Recessionary Fall in Production The foul times lower for this index since 1990 camÈ thè mÈstsitints / ISM ManulaclurWJ Prrxluclion Indèx R¢ctrs￿tsnS 65 60 50 45 40 tsu Saurco. BloombBrg These Fig￿RS 8re a harbingerof how bu&nesses re3rt to untrrt3inty Building new plant Snd M￿h￿￿ery andemplowngrjewslaff willhave beenputonholdforrnanyusglobalcompanies. TarTfffralesonoverseas ntnes. espe¢i8lly Chin8, signifficanlly disrupt supply chains. Apple, lor example, has ennounced that it will move all prodildion out of China 10 India. but this be &xp8n&v& and take soine tim8. Am8zon snnounced Ihst it expects lo be hit by 8lmosl $7 of extr& costs per quarter in the short- rFJedium terrn. China announced rt would not be faking delivery of 50 Boeing aircraft Boeing is the Us's biggest exporter. snd these plsnes &re $500 Million ormore each. but Manysmsllercomwnies wll be hrt Èoo. Unsu￿riS1￿g1Y. the IMF has downgBded global growlh fow851s due to trade tensions dete￿ratIng sentiment. Th$ 2￿25 U.S. GDP growth forec86t hss bsen slashed by 0.9% ts 1.8%. a v8ry signific&nt downgrade just a n78tterof th￿ rnonlhs While a U S ftEcession is not expected. the IAdF has raised the prtrb8bility of this h8pp&ning lo 40%. Other economists sre mots besrish. setting Ihtr likelihood &t 50.50. Setting aside cyclical worrps, the new reality highlighted by the IMF is tlat the global econornic tsystem, Ih81 hss opgr8tsd forth6 Isst 80 ￿arts, is b$ing res&È. Imf down8rode5 Its world economlc outlook 8rowth projectlons AS ¢Jf API'II 2025 •As oiiorwry Its25

THE SIR EDWARD LEWIS FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2025 ACHIEVEMENT AND PERFORMANCE Icontinuedl FJDM aninwestmentperspectrrfe. Iheresre howetrErre8sons to believe the outcome msynotbe &ssevetE as some fea￿d. Firsty, the trade war belween the U.S. and Chirja is not sustainable" accordjng to Treasury Secretary Scott B$ssent. Th$ worst off the provoc&lions Srs hopeftslly trv&r8nd whatw& ha￿ lesmed from lh& psst week3 that economic pragmabsrn and mathet pressures do h￿d TrurFJP hack. at least to some extent. Secondly. globslcentralbankts do hsve levers to pullto try snd counter Sn econom￿ slowdown. The ECB has been cuthng rates by the most. but the Bank of England will likely cut next week The US ￿11 fjnd it h8rder to cut du8 to the Iik8ly infl8lion fmm t8rfftÈ, bul if the ertd rtrsult for Imptrrts is a t8rrff trlonly 10% then some of th81 cost be bome by business thus. the effect on the US ctrnsumer mwhl be prolonged. Lastly. the US stack mathet was looking sofftewhaÈ Gver-valued going into Ihis peffTod. certainly in paits. andso a sell olf throws sonje interesting opportunities. AMKI the cuffent market noise. in rnanaging the Lewis FGundaÈiorJ funds, w8 are acbvely seeking IDng- temi opportunities lo ￿￿￿1gh￿ua{lfy compan￿$ lo the portfolio- particularfy those that heve historically been too expensive bulhave nowreEuFned lo mcKe attractive ValUa￿n levels There is, however. no doubt that the CffEdibility of the U.S. administration is darnaged. investors a asswning a h19hernskp￿MIuM on U.S. assets under Trump 2.0. To this end l &m adding some Europesn rJarFJes to give sorFJe diversir￿￿tion out off the US. plus Europe and the UK should now start posit￿ning theirec0n0m￿S landdsffencs ssctorsl a msnnerthathss Ihem standing mor8 on Iheirown two fset. Reafflimln9 the mostsultable ￿$￿ Category Duriiyg lh& m&eting of Thursday Mèy ¥ 2025, the Trustees discussed wrth m& Ihs CUffr8ntpo&tsoning of the FOunda￿nsportrollo in rel&1￿￿ to its 3ssetml¥ 3ncl 85SOCRtedlevel ofiFsk. Given th3t Trustees. altitud6 to risk had notchanpd, and norhad th8 obpctivés and circumstsnc&s of th& Foundat￿rt, rt was 8gEed to maintsin the cuT￿nt risk catsgory of Level 6 with its approximate weighting of 7cPA to global èquth8s and 30% to bortds and trÈhérntrTr6quitiés such 8$ ctrmm8rtialpro￿rtY 8nd infraÈÈructure fvnds. Production ofa nèwlnvtrstmentPolicy Ststernent Due to the appoinbnent of TTUStees follo￿￿9 the death of the longest standing ortginal Trustee. Richatyl Lewis. il was agreed thal this was 8 sen&ble time for the Investment Policy St8tement to be reviewed. As a resuttof Ihis appTaisala newstaternerjtwas crealedfollowing the rneebng whichhasbeerj 619ned by all the cunEnt Trusle&s snd lodged with us atRBC Brewin Dolphin. George Shsw. Division81 D1￿clOr. RBC Bre￿￿ Dolphin,e May 2025.

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THE SIR EDWARD LEWIS FOUNDATION

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 5 APRIL 2025

5. CHARITABLE ACTIVITIES

Charitable activities included donations made during the year totalling £189,500 (2024 - £185,500) with the number of charitable causes benefiting from such donations being 73 (2024 - 73). A full list of the grants made during the year ended 5 April 2025 are shown under Note 6.

During the year the charity met its objectives in the following way:-

Small donations of under £5,000 totalled £119,500 (2024 - £125,500)

Large donations of £5,000 and over totalling £70,000 (2024 - £60,000) were:­

The Childhood Trust- £5,000

The Childhood Trust is a London child poverty charity dedicated to alleviating the impact of poverty on children and young people living in the capital. They aim to alleviate the impact of poverty for children in London by funding and delivering programmes that meet children's practical and emotional needs.

Arnold Foundation for Rugby School - £10,000

The purpose of the Arnold Foundation, which is funded entirely from voluntary donations, is to provide bursaries, subject to means testing, for students in boarding places at Rugby School. Working in partnership with educational charities, the Arnold Foundation aims to reach out to boys and girls from some of the country's most disadvantaged communities, where under­ achievement is prevalent.

Action 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 towards a greater understanding of the illness and ultimately a cure.

Brixton Chamber Orchestra - £5,000

Brixton Chamber Orchestra is a versatile group of instrumentalists which provides thrilling live orchestral experiences for wide-ranging audiences in Brixton and beyond. Their aims are to reach new audiences with live orchestral music by presenting it in new ways and places; to provide a performance and training platform for musicians from Brixton; to innovate new orchestral experiences through diverse collaborations; and to embed in their community and be an orchestra of and for Brixton.

David Shepherd Wildlife Foundation - £5,000

DSWF is an adaptable and flexible, non-bureaucratic organisation 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.

The Christie Cancer Fund (Ella Project) - £5,000

Rare cancers like Adenoid Cystic Carcinoma (ACC) are less funded than common cancers. This means it takes special people like The Christie's supporters to help make research into ACC happen. Cancers like ACC are difficult to treat and this means patients often have limited treatment options. The Ella Project, a UK-wide study focused entirely on ACC.

Pag8 10 THE SIR EDWARD LEWIS FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2025 CHARITABLE ACTIVITIES lcontlnuedl Devas Club- £5,000 Based in South London, the Devas Club'5 youth ￿￿trE CUTrently include5 a gym, a recording studio. performance space, cooking 8nd computer facilitie8. a range of meeting 8nd rehearsal rooms, and a baskelball court on the roof. The club Is primarily lar9eled al prowding a youlh nlre forlhe purpose of helping educating young persons underlhe age of 25 years through Iheir physical. mÈni818nd spiritual trAPaClties that they may grow 10 full m8turity as Individuals and members of sofaety and thai th8ir condiiions of lif8 may bè improved. Gurkha Welfare Trust-£S,000 The charity ensures that Gurkha veleran8, their wdow8 and thÈirwidÈr communitiès arè able to live wilh dignity. T￿Y 8chieve th18 primarily through the provision of financial, medical 8nd community aid in Nepal. and operate through 22 Area Welfare Cenlres spread across Irallilional Gurkha recruiting areas. In the UK, in conjunction with other senrice charities and government bodiÈs, thÈy offer advice and 8UPPOrt to help IhÈ Ihou$8nd8 of retired Gurkha$ and their families %tho choose lo settle here. St Bartholomew Parochial Church_ £5,000 The Iru8lees' donation lo thi8 local church will help contribute towards the building and grounds r￿aintenan￿ workthat is required. Kenslngton Trust Ltd-£5,000 This London based charity ha5 been set up for the preventionlrelief of povety of children or young people, and to help young ppople advan￿ in lrfe by pmviding support and activities that develop their ski1181o enablÈ them to p8rtlClP8te In society 88 responsible Individuals. Their main aclivily is the suppori of Vdesl London FC, a oyoss borller community football club with Iwo teams M[￿ling in a London league. They have e￿ended Iheirwork lo indude outreach" aimed al 16- 26 year olds who are either in trime, OLrt of work orjust out of prison. UKSA_£S,000 UKSA is a yOLrth GhaTity that uses sailing and water sports as a catalyst lo Iransforni young pèoplè's lives. Their inspirational yOLrth development and marit1r￿ Iraininy courses eguip young people with newwork skills and life skills that start al se8. Wateraid. £4000 W8leraid 18 an intemalional not-for•rofit org8nisalion, delemiirEd lo make dean water, decent lo1￿lS and good hygiene nortnal for everyone. everywhere World Trdn5plant Game5- £5.000 The Worfd Transplant Games Federation is a worfdwide organisalion with representation frThn rnore Ih8n 60 countries that celebr8les SU￿SSfUl Iransplanlalion and Ihe gift of lrfe through unique and instHring events- n3mely the Summer and Winter World Transplant Games. Their principle aim is to raise public awareness of the i[npOrtan￿ and benefits of organ donation and tran8p18nlalion by demonslr81ing the health and filnes8 that tan be ath￿¥￿d p08t-Iransp18nl. The Charitable Activities tolal of É216.746 12024 £211.7801 indude5 Support costs of É27.246 12024 £26,280) relating to accountancy fees, IndepèndÈni examination and audit fees and bank ch8rges.

Pag811 THE SIR EDWARD LEWIS FOUNDATION TRVSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 202$ FINANCIAL REVIEW Income and Expenditure d)arity generated income for Iheye8rof £295.837, compared lo £290.949 in 2024. TfE charity'8 income is entirety generale(I fr(Kll the trust's investment portfolio and interest from cash deposits. Inu>mÈ from quoted inves￿ents for IhÈ year w8s £290,031 Inole 21, reflecLing a 1.53% increase from 20241£285,6581. FINANCIAL REVIEW Icontlnuodl Charitable Activities were £216.74612024 £2117801 as detailed in Note 3. The Cost of Raising Fund8 W88 £51.201 12024- £47,19018nd mainly re181ed lo Investment management cost8. All charity expenditure for the year ha5 been charged to the unrestriGted inGorne fund. For the year Ènded S April 2025. there wa8 nei inix)me of £25.961 12024 nei Income- £27.7681. In 8ccor(lance V¢ilh the ChBnlies Act 2011, the trustees are require(I lo carry out an independent audit of the charity accounts as the gross income is in excess of £250.000 and total assets (before Re5erve$ Policy The Truslee5 have examined the charity'5 requirements for resources in light of the m3in risks lo the organisaiion and have no ouisiandirwJ commiimènis or cash demands thai are not adequately covered by ex181ing resources. The nel 88sets of the charity are regarded 88 tree reserves and the available funds al 5 April 2025 wll be retained to make grants In accordance with Ihe charity's charil4ble objects and any policie5. The trustees policy Sin￿ 1990 has been lo aitn to make one subslanlial donation every hvo or three years lo an appropnale cause, In addition lo a number of Smaller don8tion$ on an annual ba818. To that end. they would not 8hvay8 distribute the vthole of one ye8r's Income In th81 year. Ineome reserves as ai S April 2025 loia11ed £326,501 12024- £300.5401 an increase of £25.961. The trustees communic8te on a regular basis 8nd meet form8lly al le8s1 1￿ce 8 year lo reviewlheir investment and donation policy. Their Jon81ion policy Emains unchange(I since 1990. Total charity re$Èrves lunrestrictedl decreased by £413,959 during thÈ year to 5 April 2025 to £11,005,37512024- Increased by £784.118 10 £11,419.3341. Invèstment Policy The Sir Edward Lewis Foundation Is an unincorporated grant making charity e81ablished by Trust Deed, vthose purpose isto support charitable institLrtions orcharilablefoundalions as determined by the tmslees. The finanual objective of the FOUnd8t￿n is to.. grow the capitsl overthe investment period lo generate a total relum 8head of UK inflation from the combin8tion of the yeneralion of income 4nd capital growth lo fvnd twiTr yeadygrant making. The infialion measure most relevant to the Foundation'8 expenditure is the Con8umer Price Index. generate income lo a sustaina￿e and gro%sing income strea * over Ihp long-term

THE SIR EDWARD LEWIS FOUNDATION TRVSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 202$ FINANCIAL REVIEW Icontlnu8dl The Foundation has £10.95m of inve51tnenl assets. These are Ihe entirety gf the charity's assets other than cash held 81 the b8nk. Foundation aims lodislribule grantsof between £200,000 8nd £300.000 per8nnum buLlhis can vary from year lo year depe[￿l￿g on grant making opportunities and investsnent returns aftertsking account of the costs of operating the Foundation. The Trustees of the Foundation h8ve (leleg8ted deCi￿On makiTrJ on investment rnatters to the investment tnanager. RBC Brewn Dolphin. Invesltnenl Ob"eclives Thè Foundation Seeks to produce the bÈstfinan¢ial rèlum Mlhin an acceptable lÈvel of risk. Investment objective is lo generate a reium of Inflation plu$ 2.5.￿ per annum over the long temi, after expense5. This should 3llow the Found3tion lo al least mainl4in the real value of its assets. whilst funding granis in the region of £200,000 8nd £300,000 per annum. Found8tion adop18 a lolal return appr08ch lo investment, generating the investment relum from income and capilHI gains lor 1055esl 11 is exp¥ted that if in Hny one year the total relum is in$uffi(xenl to meèt the budgÈied grant making expendilure, In IhÈ long term the real value of the Found3tion wll still be maintained in accordantr wlh the investment objective above. In terms of assessing the portfolio's toial relum, a$ per the Charity's attounts, IhiÈ Is measured 8981nsl the overall largeled investment objective of CPI +2.5%. as perabove. 8nd the ￿e￿vant ARC (Asset Risk Consullantsl charity peer group bènchmath. Risk Allilude lo risk The FounJ81ion has hisloricalty relied on Ihe income poriion of the total relum lo fund grant making. The key risk 10 the long4erm susi8inability of the Foundation is inflation, and the 8ssÈts should be invested lo miligale this risk over Ihe long term. The Trustees understand th81 this means that investment rbeeds to be COn￿￿trated In real assets, rather than cash, ar￿ that the caprtal value will fluctuate. The Trustees are able lo lolerale vol¥lilily of Ihe capital value of tt)e Foundalion. 88 long 88 gr8nl making eommiimènis be made Ihmugh either income or liquid tspital assets. The Trustees ￿11 reV￿lheIr attitude to risk annualty in CDnjunction with th￿r invesltnenl manager. Assets Found8lion's 88sets can be invested widely and should be diver8ifi8d by asset class and security. Asset dasses couW indude cash. bonds. equities, propety. hedge funds, structured pwjucts, private equily, commodities and any other asset that is deemed 8LJilabk for the Foundation. The Trustees are charged with agreeing a suitable asset allocation strategy vAlh the investment manager. which is sel so as lo achieve the overall Foundation Investment obieclive. This strategy is lo be reviewed annually. Currency base ￿rrerLY of the Investment portfdio is Steding, butinvestment may be m8dÈin non-sterling assets. Credil Foundation's cash balances shouW bè deposited with institutions wlh a minimum rating ofA- or invested in a diversified money market fund.

Pag813 THE SIR EDWARD LEWIS FOUNDATION TRVSTEES, ANNUAL REPORT FOR THE YEAR ENDED S APRIL 202$ FINANCIAL REVIEW Icontlnu8dl uiremen The Foundation aims to distribLrte grants of between £250,000 and £350,000 FEr annuTll. This can be funded from both income and c8pilal, albeit historically from Income alone. To allow for vol8tilily of capital values, Ihe Trustees wish lo maintain al le8s1 3 years, worth of budgeted grant maknng in cash or lower risk liquid investments such as bonds Time Horizon The Found8110n 18 expected to 8xisI in perpeluily and Inv8s1menls 8hould be man8ged lo meet the investment objective and ensure this sus1ain8bility. The Found3tion can adopt a long-terrn inveslmenl tiffle horizon I Investment Poli The Foundation assets should be invested in line with its aims. The TtUStees do not wish to adopt an exclusionary policy, bul indiwdu81 investments may be excluLleLI rf perceived to conflict wlh the Foundation's purpose. Mana etnenl Re ortin and Monitorin The Foundation has 8PPOlnted RBC Brewin Dolphin 8$ the profe￿lOn81 investment management firm lo man8ge Ihe assets on a discretionary b8ws in line with Ihis policy. The inveslmenl tmanager provides ￿stOdY of assèts. M8n8gers are required io produce a v81uation and performancè report quarterty. The Foundation has nomin8leLI a list of aulhorised sign8lories. a minimutm of two olwhom are required to sign instructions lo the invesltnenl tnanager. ThÈ Tru$iees have responsibility for agffting Strategy 8nd monitorirv) the invÈstmenl assets. The investment manager is require(I to present to the Trustees on an 8nnu81 basis. The investment manager's report should include 3 rewew of 8ssel allocation strategy. performan￿, risk profilÈ. and ton$isten¢y with thè long-lemi inve$lmenl objedive. rov81 and Review This Investment Policy Slal8mentwas prepared byth8Trustees ofthe Sir Edward Lews Foundation lo provide aframewoTkforlhe rnanagemenl of 115 investment assets. Itwill be rewewed on an annual ba8181o ensure continuing appropriateness. Ris Management A risk assessment re￿eW has been undertaken which cofflprises." an annual review of the risks the charity may face, the eslablishmenl of systems 8nd procedures lo milig81e Ihose risks., and the Implemenlalion of prO￿d￿rS designed to minimise 8ny poiÈniial impact on th& charity should Ihose risks rnalerralise. This continuing process wll identrfy risk areas to which the trust is vulnerable and highlight any nete$sary safègu8rds that will rted to be put in place. No major risks were idèntified at the dale of these financial statements The Iruslees have passed fil and proper declarations in line wlh HMRC guidan￿.

Pag8 14 THE SIR EDWARD LEWIS FOUNDATION TRVSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 PLANS FOR FUTURE PERIODS The Iruslees are 5alisfied with the current grant making objectives and aim lo continue lo operate this policy goirvj fotward. No charitable commitments had been made during the year ended 5 Npril 2025 for ftbture years. Following the death of Rithard Lèwis Iformerfy the Chairpersonl. the charity Is due 10 receive lega(#e8 of over £2m from the Eslale of Richard Lewis 8nd thè Christine Lewis Will Tmsl. The legaoes will be paid over on* the Eslale Adminislralion is complete. and will be recognised as income vthen recewed. Approved by the trustees on and signed on thÈir behalf by". 0510212026 Marf< Harris Date

Pag81S INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE SIR EDWARD LEWIS FOUNDATION Opinion We have audited the financial statements of The Sir Edward Lewis Foundalionllhe charity") for the year ended S April 2025 which comprisÈ the siaiemenl of Fin8ncial A¢tivilie$ Iincluding IneomÈ and Expen(lilurel. Balantr Sheet, Stalernenl of Cash Flows and notes to the finanual slatemenls. including a summ8ry of significani accounting poliues. The financial reporting frameworfK that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Finanoal Reporting Sl8ndard 102 The Financial Reporting Standard applicable in IhÈ UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Practscel. In our opinion the financial sl8temenls.' give a true and fair view of the slate of the ch8rity's affairs &s al 5 April 2025 &nd of incorning resources and application of resourtss, for the year then ended-, have been properly prepared in accordance with United Kingdom Generally Accepletl Accounting Practice, and have been prepared in accordan￿ with the requirements of the Charities Act 2011 and where applicable, IhÈ Chariiies Act 2022. Basi5 for opinion WÈ conducted our a￿11 in 8ceordance ￿th Inlemational Standards on Auditing IUKI (1s￿ IUKII and appl￿ble law. Our responsibilities under those slandards are further described in the Audilorfs responsibilrties for the audit of the financial $18temenlS sedion of our repDrt. We are Independent of the charity in aCcordan￿WIth the ethical requirements th81 are relevant to OLJf8udil of the fin8nual 818temenls in the UK. including the FRC'S Ethical Standard, and Trwe have fulfilled our Dlher ethical responsibilities in 8ccordance with these requirements. Wle believe that the audit evidence we have obtained Is sufficient appropriate to prowde a basi5 ft>r our opinion. Conclusions rolating to going concorn In auditing the finanual slalemenls, we have conLluJed Ih¥l the Trustees, use of the going concern basis of accounting in the preparation of the financial stalernents is appropriate. 88sed on the work WÉ have performed. wè have not identified any material uncertaintiès relating 10 events or conditions that, individualty or colleclively. may cast Significant doubl on Ihe charity's ability to continue as a going con￿rn fora peri[￿ of atleasllwefve tnonlhs frotnwhen the financial slalements are authorised for issue. Our respon8ibililies and the responsibilitie8 of Ihe Tw81ees with respect lo going conr*m are described In the ￿e￿vant sections of this report. Other inforniation The Trustee5 are responsible for the other information. The other inforniabon comprise5 the infotrnation induded In the TrusieÈs' Annual Rèport and Finana81 Statemènts, otherthan the financA81 stsiements and our audilorfs report thereon. Our opinion on the financial slalemenls does not coverthe other infotrnalio and we do not express any fortn of assurance conclusion thereon.

Pag8 16 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE SIR EDWARD LEWIS FOUNDATION In connedion with our audit of the financial staletnents, our responsibility is to read the other infortnalion 8nd. in doing so, consider whether the other Information is materially Incon81slÈnl ￿th the finan(#al slalements or our knowledge obtained in the course of the audit or olhetwryse appears to be maleri31ty misslaled. If we Idenlrfy sud) m8ieri81 Inconsisten(xÈÈ or apparÈnl m8leri81 mi88tatemenls. we arÈrèquired lo (lelerrnine whelher this gives rise to 8 rnalerial rnisstalement in the finanoal statements Ihefflselves. If, based on the wort we h8ve pertormed, we conclude that there is a m81erial misstsiemenl of this other information, we are required lo report that fact. We have nothing lo ￿port In this regard. Matters On which we are required to report by exception We have nothing to report in respect of the following mallers in relation lo whith the Charities (Accounts and Reports) Regulations 2008 require us to report lo you if, in our opinion.. the Information given in the R8POrt of the Trust888 is inconsistent In any materi81 respect with the Financial Statements or sufficEnl accounting records have not been kept., or the financial stalernents are nol in agreement with the accounling record5.- or we have not ￿te1Ved all the Inform81ion and explanations we require for our audit. Rosponslblllt608 of Trustoe8 As Èxplained MO￿ fully in thÈ Tru8tees' re$ponbilitie8 8tatèmenl set out on page 2, the Trustees are respon￿ble forlhe preparation of financial slalemenls and for being satisfied that they 9ive a true anLI fair view, and for such intemal ¢ontrol as the Tmslee8 determinÈ is necessary 10 enable thÈ preparation of finanoal statements that are free from material misslalemenl. whether due lo fraLKI orerror. In preparing the financial stalemenls. the Trustees 8re responsible for assessing the charrfy's ability lo continue a5 a going con￿[￿, disdosing, as applicable. matters related lo goirbg concern and using the going conttrn basis ol accounting unless the Truslee8 either intend lo liquidate the charity or to ase operations, or have no realistic allemalive bLrt to do so. Audit(￿5 responsibilitie5 forthe audit of the financial Statements We have ￿en appointed as auditor undersection 144 of the Charities Act 2011 and report in accordance ilh the Act and relevant regulations made or having effect Ihereunder. Ourobiectives 8re lo obtain reasonable as$ur8nce about whèther the financial È18temenls 88 8 whole are freefrom rnalerial rnisstalernent. whelherdue lofraud orerror. 8nd to i55ue an aullilorfs report th31 includes our opinion. RÈasonable assur8n¢e is a high level of as8urance, bul Is not 8 guarantee th8t an audit conducted in accordance with ISAS IUKI bwll a￿ayS detect 4 rnaterial misstement when il exists. Mi$slalÉments can arise from fraud orerrorand arts considered material if, individually orin the aggregate, they could re4sonably be expected lo Influen￿ Ihe econornic deosions of users taken on the basis of these finanu81 siaiÈmenis. Irregularities. including fraud. are instanfS of non-compliante ￿th laws ar￿ regulations. We design protrdures In line wilh our respon8ibililies, outlined above. lo delect malerial misslalemenls in respecl of irregularities, including fraud. The extent to thich our procedures are capable of deleding irregularities. including fraud, 18 detailed below.

Page 17

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF

THE SIR EDWARD LEWIS FOUNDATION

Our assessment of the susceptibility of the charity's financial statements to material misstatement, including how fraud might occur, is considered to be low. This conclusion was reached after the consideration of the following:

• due to the relatively simple business model and low number of transactions within the charity there are 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 to effect a fraud.

We designed our audit procedures to respond to identified audit risks, including non-compliance with laws and regulations (irregularities) that are material to the financial statements. Some of the specific procedures performed to detect irregularities, including fraud, are detailed below:

• the review of control accounts and journal 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 understanding of the charitable activities during the year;

• obtaining and reviewing for completeness a list of entities and persons considered to be related parties (as defined by Financial Reporting Standard 102) and reviewing the ledgers of the Charity for previously unreported related party transactions;

• 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 limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance 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 irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of this report

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to 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 Gate Yeoman Way Worthing West Sussex BN13 3QZ

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10/02/2026
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Pag818 THE SIR EDWARD LEWIS FOUNDATION STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED S APRIL 202S Unrostrfcted Fund8 InGome pital Fund Fund Totsl Fund5 2025 2024 Notè Income from.. Investments Bank depO￿t intere81 290.031 5.806 290,031 5,806 285.658 5,091 Total Incomè 295,837 295,837 290,749 Expenditure on.. Charitable acliwlies Cost of r8ising funds 216.746 53.130 216,746 53,130 211.780 51.201 Totsi expÈndfturè 269.876 269,876 262.981 N8t 8XP8ndrtur8 bofor8 not gaI￿l(lo88￿8) 25.961 25,%1 27,768 Nel IIOs8esllgains on investments 10 1439,9201 1439.9201 756,350 N8t mo¥6m8nt In fund8 25,981 1439,9301 1413.9591 784,118 Rèconclllatfjon of fund8'. Total funds broughl fthvard at 6 April 2024 300,540 11,118,794 11.419,334 10,635,216 Total fund8 tarrlod forward at 5 April 2025 326.501 £10.678.874 £11.005,375 £11,419.334 There 8rÈ no re￿gnISed gains or losses ot￿rihan those induded in Ihe siaiÈment of Financial Actmties. l income and expenditure relate lo continuing arti￿11e5. The nDtes on pages 19 10 26 forrn partof Ihesefinancial stAlementg

Pag8 19 THE SIR EDWARD LEWIS FOUNDATION BALANCE SHEET AT S APRIL 2025 2025 2024 Foxed 888ets: Inve$lmÈnl8 10,950,996 11,390,595 Current a880t8'. Debtors Cash al bank 55,358 16.781 39.174 3.952 72.139 43.129 Li8bilitiès: Creditof8- amounts falling due within one year 117.7601 114.3871 Not current a888ts 543,79 28,739 Totsl not 8s80ts £11,005,375 £11.419,334 The fund5 of the charity= Capital Fund 10,678.874 11,118,794 Income 326.501 300,540 Totsl charity funds £11,005.375 £11.419,334 Approved and Signed on behalf of the Trusts85 by.. 0510212028 Mark Harris Date The nDtes on pages 21 10 28 forrn partof Ihesefinancial stAlementg

Pag8 20 THE SIR EDWARD LEWIS FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 Cash fl¢)w$ from operating aciivitiès Nel movement in funds for the year Adjustments for. Invesknent incomè Deposit Interest Nel Ilossesllgains on inveslrnenl 8ssets Net decreasellincreasel in debtors N&t decreasellinu88sel in u8dilorÈ 1413,9591 784.118 1290,0311 15,8061 439.920 116.1841 3.373 1285 6581 15.0911 1756,3501 138.2631 11,567 Net cash exp8ndedin oper47ting aclyvities 1282,6871 1289,6771 C88h flow8 Irom Inve8Ung 8CtlvlU88 Investment income Deposit Interest Payments lo acquire inve8lmenls Receipts from sales of investment5 290.031 5.806 1935,9661 871.307 285.658 5,091 12,569,249) 2.458,063 Net ¢•sh recelved trom Anvestln9 a¢tlvlUes 231,178 179,563 Nèt IdtcrÈatsè)lincrèatse in ca$h and cash 4uivalènts fort￿ year £ 151,5091 Reconciliation of n8tcash fflow to movement in net fvnd5 N81 cash resourc88 at 6 April 2024 Decrease in c8sh 183,440 151,5091 293,554 Nat Cash rè$our¢e8 at 5 April 2025 £ 131,931 £ 183,440 Analy515 of netfunds Cash held with.. RBC Brewin Dolphin Capital account Income account Coulls & Co 115.150 14.757 2,025 179,488 648 3,304 £ 131.931 £ 183.440 The nDtes on pages 21 10 28 forrn partof Ihesefinancial stAlementg

Pag8 21 THE SIR EDWARD LEWIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S ACCOUNTING POUCIES The financial statements have been prepared in accordan￿ ¥wlh Accounting and Reporbng by Charities.- Statement of Recotnmended Practice applicable lo charities preparing their accounts in accordance with Ihe Financ#81 Reporting siand8rd applicable in the UK and Republic of Ireland IFRS 1021 I'charilies SORP FRS 102.1 issue(I In October 2019, the Financial Reporiing Standard applicable in the United Kingdorn Republic of Ireland IFRS 1021, the Charities Act 2011, where relevant the Charities Aci 2022 and UK Generally Atcepied Accounting Pract￿e. The trust conslitules a public benefrt enlily as defined by ChariLies SORP FRS 102. The finanoal 51atemenls are presented in 51erfing which is the functional currenw of the charity. The princip818ccounling policies 8dopled are as follows'.- Fixed a$set investments Inveslrnenls are included at dosiw mid-market value at the Balan￿ Sheet d8le. Realised gains and losses on investments are recognised on disposals of investsnents and any gain or loss on rèvaluation is taken lo the Staltme￿ of Financial Actiwlies ISOFAI. ThÈ delÈrminalion of any gains nd losses are calculated by referen lo the mid-market ¥alue of SUL assets al the beginniTwJ of the accounting period. Cash held for Investment is Included vAthin the Fixed Assets Investments in accordan￿ with Charities SORP IFRS 1021. Incoming resources l incoming resour￿ are included in the SOFAwhen the Charity is enlilkd to the income and the 8mount can be quantified with reasonablè accur8cy. Investment income is derived from dividend 8nd Interest rettivable from investments. Dividends and bond inlere818re8ccounled forinthe period in which the Irusl is enlilled to re*ive. Interest from deposit accounts is included as and when received only. R880urco8 oxpended Expenditure is indudÈd on an accruals basis and 18 recognised whÈn Ihere is a legal ortonslrucbve obligation lo pay expenditure. Direct charilsble expenditure comprises gr8nls and don8tions made during the year together with the recognition 9f￿rtain commiltnents tnade bythe Trustee5. G0Veman￿ costs are induded wlhin Support Costs. These cosls relate to the general running of the trust as opposed lo the m8n8gemenl functions inherent to generating fund5. Such costs can indude extemal audit. legal advice and cosls assora81ed vAlh constilulional and slalulory requirement8. Stalus ¢)f funds All funds are held on an unre81ricted b8SI8. The trustees have coM￿ete d18crelion for the use of the funds in pursu3nce of the Trusfs 0￿.ectiVes. Flnanclal Instruments Foundation only has finantial 888e18 ar￿ finan(xal liabilities of a kind Ih8t Qualify as basic fin8na81 Instrumen18. Basic financial Instruments are recognised 8t Irans8clion value, ex￿p1 where selllernent is delayed. in which case Ihe transaction is recognised al the present value of the selllernent amount.

Pag8 22 THE SIR EDWARD LEWIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S ACCOUNTING POUCIES lcontinuèdl Debtors and ¢reditor5 reGeivablelpayablewithin one year Debtors and creditors with no slated interest rale and reTrivable or payable within one year are recorded 81 Iran$8Ction price. Any losses ari81ng from impaimienl are recognised as expenditure. Cash 8nd cash èquivaknts Cash and Cash e4uiva￿nts include tAsh in hand. deposits held al call wlh banks. other short-tem highly liquid investments wlh original malurdies of three months or kss and b8nk overdrafts. Bank overdrafts, when applicable, a￿ Shown Wllhin borrowings In current li8bililies. Cash held by investment managers for investing is treated as part of the in¥eslmenl portfolio. Taxatlon The Charity is not subject to any taxes on it5 charitable adNitie5. Irrecoverable VAT 15 charged lo the SOFA ay8in$l the category of ￿SOUrceS expended for which it was derived. Going concern The financial slalemenls have been prePa￿d on a going concern basis 88 the Tmstees believe that no [llate￿al un￿rtaInlieS emsl. The Trustee5 have considered the level of funds held and the expected kvel of income and expenditure for twelve months from the dale of si9ning of Ihese financi81 slatemenls. The forecast income and reserves a￿ sufficient lo cover all of the budgeted expendiiure 10 be able lo coniinue as a going concem. The currÈnt ongoing eonflici In ukrair￿ 8nd resulting inflationary Impacts have 8ffected the global econorny. Having consKlered the contingenw plans in place. the Trustees consider the adoption of the going concem basis in prÈparing these financial statements continues lo be approprialÈ. Judgements and Key Sources of Estimation Uncertainty prep8r8tion of Ihe finanraal 818temenl8 requires managemenl lo make judgements. eslimales and assumptions Ihal affect the amounts reporte(l. These eslimales and judgements are continually reviewed and are based on eXpe￿en￿ and other factors, Indudirvj expedalions of future events that are bÈlievÈd to be reasonable underthe cArtumstance8. T￿re were nojudgement8 lapartfrom those involving eslimalionsl that man8gemenl has had lo make in Ihe process of applying the enlivs accounting policies and that have a Signifi￿￿1 effect on the amounts recognised in the finan041 stalernents.

Pag8 23 THE SIR EDWARD LEWIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S 2025 2024 Iwtated-mlo 111 INCOME FROM INVESTMENTS Income from UK quoted se￿rItieS UK cotnpany t11v￿lendS UK unil trusts dividends UK unil trust Interest UK real estate investment trust income Other UK Interest 68,374 48,645 91,769 9,190 25,928 100,222 33 893 68,441 5,682 29,514 IncomÈ from overseas quoted securitie8 Overseas dividends Over8eas interest 43,690 2,435 37,706 10,200 Total Incomo from quotèd sècur1￿￿8 £ 290,031 £ 285,658 CHARITABLE ACTIVrnES CharitsNe donatiQn5 m3de Ingle 61 Support C08ts InolÈ 41 189.500 27.246 185,500 26,280 Total charitable activit￿$ expendiiure £ 216.746 £211.780 SUPPORT COSTS Accountancy fees Independent audit fees Igovemants costs) 24.156 3.090 23,340 2,940 Total support costs £ 27.246 £ 26.280 COST OF RAISING FUNDS Inveslm8nl manag8ment f8e8 FO￿Ign non-redaimable tax credit5 47.029 6.101 44,981 6,220 Total cost of ralslng fund8 £ 53.130 £ 51,201

Pag8 24 THE SIR EDWARD LEWIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S 2025 2024 CHARITABLE DONATIONS MADE The Sir Edward Lewis Foundation undertakes ils charitable activities through grant making and awarded dgnalion51o ItrE following charitsble instilutions'_ Action for ME Age Concern AArey Nesve Trusl zheirner's Disease Society Arnold Foundation for Rugby School Asthma + Lung UK Blind Veterans Breast Cancer Now Bri¥ton Chamber Orchestra Brooke Hospital forAnitnals child￿n'S Trust Tadworth City Chamber Choir Combat Stress Compaid Trust CRISIS D8mÈ Vera Lynn Children's Charity D8vid Shepherd Wik11ife Foundation Demand Design & Manufacture for Disability Devas Club Disability Snowsport UK Dogs Trust Farèshare 5,000 2,000 2,000 2,000 10,000 1.000 1.000 1.000 5.000 1.000 3,000 3,000 4,000 1,000 4,000 2,000 s,000 1.000 5,000 1.000 4,000 3,000 1.000 1.000 5,000 5,000 2,(M)O 2,000 2,ODO 10,000 1,000 1,000 1,000 1,000 3,000 3,000 4,000 1,000 4,ODO 2,(100 5,(M)O 1,000 5,000 1,000 4,ODO 3,(N)O 1,000 1,000 5,(100 2,000 2,500 2,(M)O 3,000 5,ODO 2,000 1,000 4,000 1,000 2,ODO 2,000 1,000 1,000 4,(100 2,000 3,000 1,000 3,000 Goldsrnith's Choral Union Gurkha Wèware Trust Hampshire Isle of Wight Foundation IHIWCFI Help Musiaans UK Individual TÈthnology Solution Ifonrerfy Telephone8 forlhe ￿1nd) Inslilule of EconomicAffairs KensiTrJlon Trust Ltd Listening Books London City Mission London Youth Choir Macmillan C8nr£r Support Maggie's Cenlres Marie Curie Can￿r Carè Mission to Se8farers Motability Mountbatten IS￿ ofwighl Hospite Music Action International 2,500 2,000 5,000 2,000 4,000 1,000 2,000 2,000 1,000 1.000 4,000 2,000 3,000 1,000 3,000 NÈW English Ballet Theat Ophtt)almic Aid lo Eastern Europe

Pag8 2S THE SIR EDWARD LEWIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S 2025 2024 CHARITABLE DONATIONS MADE Icontinuodl P.D.S.A. Pain Relief Foundation Prosl8tÈ Cancer UK Rainbow Trust Children's Charity Reed's Found81ion Ridgegale Home Royal Brilish Legion Royal National Lifeb031 Institute Royal Osteoporosis Society Royal Star & Garter Homes Royal Trinity Hospi Samaritans IE8S1 Surreyl Seaview Sailing Trust SeeAbilty Shipwrecked Mariners. SociÈty SSAFA, the Armed FOr￿S Charity St Bartholomew's Church, Leigh Sl Calherine'È Hospice St John Ambulan si8dighl Children's Foundation Stroke Assoo8tion Surrey Opera SurreyVII￿1Ife Trust The Chik1hood Trust The Christie Charity- TIE Ella Project UKSA United Kingdom Antarctic Heritage Trust Versus Arthritis Inow Athritis UK) War Metnorials Trust WalerAid Idlife Aid Wodd Tran8p18nl Games Young Lives vs Cancer Iformerty CLIC Sargent) 1.000 1,000 2,000 1.000 2.000 4.000 3.000 1.000 2,000 1.000 3.000 1.000 2.000 2,000 1,500 1,000 5,000 3,000 1.500 2.000 1,000 3.000 2.000 s,000 5.000 5,000 2.000 2.000 2.000 5.000 2,000 s,000 2.000 1,000 1,000 2,000 1,000 2,000 4,000 3,000 1,000 2,000 1,000 3,000 1,000 2,000 1,500 1,000 5,000 3,000 1,500 2,000 1,000 3,000 2,000 5,000 5,000 5,000 2,000 4,000 2,000 5,000 2,000 2,000 Tot81 ¢harfjtabl& don8tlon8 made £189,500 £ 185,500

Pag8 26 THE SIR EDWARD LEWIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S 2025 2024 I￿￿&19d-nots 111 DEBTORS Accrued inveslrnenl income Inveslmenl income in course i)f co1￿¢tH)n HM Revenue & Cusiorn8- UK tax rÈp8yment 50,554 4,804 38,887 287 £ 55,358 £ 39,174 CASHAT BANK RBC Brewin Dolphin- capital account RBC Brewin Dolphin- income account Coulls & Co- R3wlinson & Hunter LLP dienl account 115,150 14.757 2.025 179.488 648 3.304 131.931 183.440 1179.4881 Less.. investment cash reported under note 10 16.781 3.952 CREDITORS. amounts falling duè within onè yèar Independent audit fees Investment managetnentfees 6,030 11.730 2,940 11,447 £ 17.760 £ 14,387

Pag8 27 THE SIR EDWARD LEWIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S 202$ 2024 10. FIXED ASSEf INVESTMENTS IAT MARKET VALUE) Quoted investments at markot value ¢ompris8.' Quoted Investmen18 Mlhin the United Kingdom Quoted Investments oulshae the United Kingdom 8,460,294 2.375,552 8,136,648 3,074,459 Total investments exduding cash 10.835,846 11,211.107 Inveslmenl cash held al RBC Brewin Ddphin 115,150 179.488 Tot81 irwestrnèntassets £ 10,950,996 £ 11.390,595 Quoted imiestments Market value al 6 April 2024 Adllilions al cost Disposal prO￿ed5 Net gainsllloss8sI on investments 11,211,107 10,343.571 935,966 2,569.249 1871.3071 12.458,0631 1439,9201 756.350 Marketvalue at S April 202S £ 10,835,846 £11,211.107 Historical cost at 5 April 2025 £ 9,005,581 £ 8,765.898 Ngt g?ins on investrnent?ssets Net realised1088es on sale8 Met unrealised gainslllossesl on Evaluation 93,970 1533,8901 127,1831 783.533 Total net gainslll¢)sses1 on investment 3$5ets £ 1439.9201 £ 756.350 11. PRIOR YEAR ADJUSTMENT During the audit of thÈ Financial SlalÈmenls for the year ended 5 April 2025 tt)È Auditots have highlighted the requirement 10 8ccounl for acuued invesbr8nt income In th8 y8ar to 5 April 2024. As a resuh the followng prioryear adjustments were necessary. 2024 as previousty Prioi year r8POrted adjustment 2024 As restatod Income trom Investments Net expenditure before nel gainslllossesl Net tnovement of funds IncDtne fund caTried fotvrdrd To181 funds Carried forward Debtors Total net assets 246,771 38,887 285.658 38.887 27.768 38.887 784.118 38.887 300.S40 38.887 11,419.334 38.887 39.174 3e.8e7 11.419.334 745.231 261.653 11,380.447 287 11,380.447

Pag8 28 THE SIR EDWARD LEWIS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 202S Balancè brought forward Income and Gains Expenditure and Los8e8 Balancè rried forward 12. FUND RECONCIUATION For the ye8r ended 5 April 2025 Capital Fund Inf*)mÈ Fund Ireslaledl 11.118.794 300,540 1533.8901 295.837 93.970 1269.8761 10.678.874 326.501 Totsi Fundts IrÈ$tatedl £11.419,334 £1238,0531 £1175,9061 £11.005.375 For the year ended 5 April 2024 Capital Fund Income Fund Ireslale(11 10,362,444 272.772 783.533 290.749 127.1831 11,11B.794 1262,9811 300.540 Tijtdl Funds Ire5tatedl £10.635.216 £1 074.282 £1290,1641 £11.419.334 Incorne Fund Capital Fund Totsl 2025 13. ANALYSIS OF NET ASSETS BETWEEN FUMDS Investments Debtors Cash 81 bank Creditors 272,122 10.678.874 10.950,996 55,358 55,358 16,781 16,781 117.7601 117.7601 Tot31 Fund5 326.501 £10.678.874 £11.005.375 Incom8 Fund Capltal Fund Total 2024 ,'TrsIBt￿-nOts 111 Investments Debiof8 Cash al bank Creditors 271.801 11.118.794 11.390.595 39,174 39,174 3,952 3,952 114,3871 114,3871 T¢>tsi Fund5 £ 300,540 £11.118.794 £11.419.334 14. TRANSACTIONS WITH TRUSTEES AND CONNECTED PERSONS No tmslee received any remuneration or eyn8es during the year ended 5 April 2025. Fee5totalling £24.15612024. £23.3401 became payableto R￿l￿SOn & HunlerLLPforaccounlancy and administrative services provided during the ye8r. Mark Harris. 8 tru8iÈe, 1$ also a partner of R8vAin8on & Hunter LLP. As at the year end, no fees12024- £nill remained payabl8 io Rawlinson & Hunter LLP.