THE EDGAR MILWARD CHARITY
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2023
The Iruslees present their report for the year ended 5 April 2023.
The Iruslees during the year were=
Mrs J C Austin Ichaimian)
A S Fogwill Icorresponding Secretsryl
S M W Fogwill
J S Milward (deceased 12 August 2022)
Mrs F Palelhorpe {ACAI Isecretsry and Treasurer)
Mrs E M Smuts
Mrs M V Roberts
Mrs I C Howlell (appointed 28 November 20221
The Charity was established as The Edgar Milward Charity by a trust deed dated 29 April 1980 and is
registered with the Charity Commission (number 2810181. The Charity's address is..
The Corresponding Secretary
Mr A S Fogwill
53 Brook Drive
Corsham
Wiltshire
SN13 9AX
Bankers:
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
Wesl Malling
Kent
ME194JQ
Investment Managers:
Redmayne-Bentley LLP
Market Place House
43 Market Place
Henley-on-Thames
RG9 2AA
Independent Examiner:
Wayne Thomas ACA
Bates Weston Audit Limited
Slatulory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

The Iruslees confirm that the Iruslees. annual report and financial statements of the Charity comply
with the current stslulory requirements, the requirements of the Charity's governing document and the
provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLJblic of
Ireland IFRS 1021 {effeclive 1 January 20191.
Structure. Governance and Management
By the trust deed of 29 April 1980 Alfred Edgar Milward settled investments on the charitsble trusts
outlined below. Alfred Edgar Milward died in 1986 and bequeathed the residue of his estate to the
trustees of the Charity, to be administered in accordance with the trust deed.
The trust deed has been updated by a supplemental declaration of trust dated 17 November 2009.
Tru$tO9$
The Charity is managed by the Injslees themselves who meet twice a year. They are responsible for
appointing any new trustees. 11 is the policy that one trustee shall be independent, preferably a
chartered accountant or soliolor. Except for the independent Iruslee, new trustees normally have a
direct or indirect family link to the settlor and are put forward for appointment following consultation
between the trustees and an interview with the chairman.
New trustees are provided with copies of the trust deed, previoLSS financial slalements and other
relevant documentation together with copies of appropriate Charity Commission publications.
Rlsk
The Charity has appropriate operating systems and, apart from the risks associated with stock market
investment. the trustees do not consider that the Charity has any major risk exposu￿.
Objectlves and Actlvltles
Distribution
Under the terms of the deed, the Iruslees hold the capital and income on tnjsl lo apply the income of
the Charity as il arises lor within a reasonable lime Ihereafterl as follows-
a} One half for th8 furtherance of the Christian religion within the United Kingdom and throughout the
world.
b} Four-lenlhs for such charitsble purposes as the Iruslees shall think fil.
cl One-lenlh for educational purposes within a radius of 15 miles from the Civic Centre, Reading.
The Iruslees have, in any financial year, discretion lo apply the income of one of the classes for the
benefit of another if they deem it fit lo do so, provided that such discretion shall not be exercised in
favour of class al and class bl above for more than two suc￿$S1ve years in any four-year period.
The trust deed requires The Edgar Milward Charity lo distribute all its income as il arises. Grants are
normally decided in advance at meetings of the trustees held half yearly and are paid as cash flow
permits. The Charity's grant making policy is lo support a limited number of causes known lo the
trustees, particularfy those supported by the selllor. Unsolicited applications are not normally
considered.
The Iruslees confirm that they have referred to the guidance contained in the Charity Commission's
general guidance on public benefit when reviewing the Charity's aims and objectives and in planning
future activities and setting the grant making policy for the year.
The Iruslees have sought lo benefit the public through a range of grants lo charitable causes within
the conditions of the trust deed. A number of the recipients were supported by the setuor and the
trustees have endeavoured to encourage the spread of Christianity and to meet different human
needs in a variety of practical ways.
The Charity does not undertake fund raising activities.

Investments
The Iruslees have power lo invest in any stocks, fvnds or securities or investments for the timo being
authorised by law for Iruslees for the investment of trust funds, including the purchase of freehold or
leasehold land having an Ljnexpired term of at least fifty years. Under aLJlhority obtained from the
Charity Commissioners for England and Wales by order under section 105 of the Charrf(ies Act 2011.
the Iruslees have appointed Redmayne-Bentley wf(h discretionary powers in relation lo the
management of the Charity's investments.
The Charity's investment policy seeks to achieve a balanced return from income and capital
appreciation and to maintain the value of the income stream in real terms whilst controlling the level of
risk.
Investment performance is monitored al the regular half yeady meetings of trustees which are
attended by the investment managers. In the light of current market conditions. performance during
the year under review is considered satisfactory.
Financial Review
Incoming resources have increased during the year. Total income from investments has increased to
£58,14912022.. £53,782). In line with this increase in income, grants made during the year has also
increased to £56,550 (2022.. £47,200).
Al the year end, there is £75,204 in cash reserves, of which £75,204 is restricted.
Statement of Trustees. Responslbllltles
The Iruslees are responsible for preparing the Trustees, Annual Report and the financial statements
in accordance with applicable law and regulations.
The Charities Act 2011 requires the trustees to prepare financial slalemenls for each financial year.
The Iruslees have to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl, including
FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. The Iruslees
musl not approve the financial slalemenls unless they are satisfied that they give a true and fair view
of the slate of affairs of the Charity and of the incoming resources and application of resources of the
Charity for that period. In preparing these financial stslements, the Iruslees are required lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP IFRS 1021.,
make judgements and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards have been followed, subject lo any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the Charity will continue in operation.
The Iruslees are responsible for keeping adequate accounting records that are sufficient lo show and
explain the Charity's transactions and disclose with reasonable accuracy al any time the financial
posiliori of the Charity and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the
trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the trustees
dcknts
J C Austin
Chairman

Inde
endent Examiner's Re
ort to the Trustees of
The Ed ar Milward Charit
Independent Examlnerfs Report to the Trustees of The Edgar Milward Charlty
I report lo the charity trustees on my examination of the accounts of the Edgar Milward Charity
Ilhe Charity) for the year ended 05 April 2023.
Responslbllltles and basls of report
As the charity's Iruslees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charrties Act 20111'the Acl'l.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act
and in carying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material mallers have come to my attention in
connects'on with the examination giving me cause lo believe that in any material respect-
accounting records were not kept in respect of the Charity as required by section 130 of the Act-
or
the accounts do not accord w(th those records., or
the accounts do not comply with the applicable requirements concerning the form and content of
accoLJnls set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'lrue and fair view, which is not a maller considered as part
of an independent examination.
I have no concerns and have come across no other mallers in connection with the exarnination lo which
attention should be drawn in this report in order lo enable a proper understsnding of the accounts to be
reached.
Wayne Thomas ACA
Institute of Chartered Accountants ill England and Wales
Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ
Dale..
2110612023

CHARITY COMMISSION
FOR ENGLAND AND WALES
The Egdar Milward Charity
Receipts and payments accounts
CC16a
Forthe perlod
from
Section A Receipts and payments
Unrestricted
funds
RÈstrictÈd
funds
EndowmÈnt
fund8
Total funds
Last year
tothe nearest
thè nearest£
to the nearest£
thè nearest£
to lh¢ ￿are$l £
A1 Recei
Inieresl and dividends Dn qvotEd inv
57.787
362
57,787
362
S3.774
Sub total(Gross income for
AR)
58,149
3B,149
S3,782
A2 Asset and investment 5ale5,
See table .
Quoted InVes￿e￿I$
212,171
66.058
Sub total
2t2,171
e6.058
58,149
212,171
270.320
119,838
A3Pa
rn8nt5
Investment tnanager's IE8
Administra￿ve expenses
Ind8pendent examination f8@s
Grants rnadèduring the year
1,917
134
1200
56.550
3.835
5,7$2
134
fj,•51
3,241b
47.200
56,550
Sub total
S5￿01
3,835
63,636
,60¥
A4 Asset and investment
urchasÈ$
$ee table
Quoted Inve%knenl
61,503
Sub total
188.941
188,941
S4,503
Totalpayments
59.801
190,776
25ts,$77
111,112
Nel of recwpts/(payments)
A5 Transfers between fund5
A6 Cash funds last year end
Cash funds this yèar end
1,652
21,395
19,743
8,n6
22.085
20,433
33,376
54.771
55.461
75,204
46,735
55.461

Section B Statement of assets and liabilities at the end of the period
Unrestricted
fund$
Restricted
fund$
Endowment
fund$
to n•¥￿te
CLIIL'yvfiLS
to ThBar•st É
B1 Cash funds
CAF Bank
20,3fj8
COIF ¢hsnb8s dEposrt
18,9S2
Redmèyne-BenUeydepDsit
35.819
Total eèsh funds
20,433
54,771
layree paymeThts
wnii$ii
Unre$trl¢tÈd
funds
lo neares1£
RÈ$trl¢¢ed
funds
to Trgar¢8t £
Endowm*nt
funds
to Dearost£
Details
Fund to whl¢h
as$et bèlon
•ndowm8nt
Curr•ntvalu•
loplonall
1,508.718
Details
auot&d Inve*menls
CoBt laptlonall
83 Invèstmènt assèts
1.261,487
Fund to whl¢h
assèt belongs
Detai15
Co4t loptlon41}
Curr•ntvaly•
loplonal
84 Assets retalned for thè
charlty's own use
Fund to whlch
Ilabllity r•lat
ATh•unt due
loptirAnJll
Whwd
(Op￿Onall
Details
B5 Llab115tles
Signèd by one or Irusiees on
behalf of all the trustees
dc1￿*
Date of
roval
Prinl Name
J C Austin
19/06/2023
19/06/2023
F Pa￿thOrpe