REGISTERED CHARITY NUMBER: 281018
Re
ort of the Trustees and
Unaudited Financial Statements
forthe Year Ended 5 A
ril 2024
for
Thg Ed
ar Milward Charit
Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

The Ed
ar Milward Charit
Contents of the Financial Statements
forthe Year Ended 5 A
ril 2024
Page
Report of the Trustees
1 103
Independent Examiner's Report
Form CC16A
5t06

The Ed
ar Milward Charit
Re ort of the Trustees
for the Year Ended 5 A ril 2024
The Iruslees present their report for the year ended 5 April 2024.
The Iruslees during the year were..
Mrs J C Austin {Chairmanl
A S Fogwill Icorresponding Secretary}
S M W Fogwill
Mrs F Palelhorpe IACAI Isecretsry and Treasurer)
Mrs E M Smuts
Mrs M V Roberts
Mrs I C Howlelt
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-Benlley 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
Page 1

The Iruslees confirm that the Iruslees, annual report and financial statements of the Charity comply
with the current statutory requirements, the requirements of the Charity's goveming document and the
provisions of the Statement of Recommended Practice {SORPI, applicable to charities preparing their
accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of
Ireland IFRS 1021 (effective 1 January 20191.
Structure. Governance and Management
By the trust deed of 29 April 1980 Alfred Edgar Milward sellled investments on the charitable trusts
outlined below. Alfred Edgar Milward died in 1986 and bequeathed the residue of his estate lo the
trustees of the Charity, lo be administered in accordance with the trust deed.
The trust deed has been updated by a supplemental declaration of trust dated 17 November 2009.
Trustees
The Charity is managed by the trustees themselves who meet ￿l¢e a year. They are responsible for
appointing any new Iruslees.11 is the policy that one Iruslee shall be independent, preferably a
chartered accountsnt or solicitor. Except for the independent trustee, new Iruslees normally have a
irecl or indirect family link lo the selllor and are pul forward for appointment following consultslion
between the trustees and an interview with the chairman.
New trustees are provided with copies of the trust deed, previous financial statements and other
relevant do¢umentstion together with copies of appropriate Charity Commission publications.
Risk
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 exposure.
Objectives and Activities
Distribution
Under the terms of the deed, the Iruslees hold the capital and income on trust to apply the income of
the Charity as il arises lor within a reasonable time Ihereafterl as follows..
al One half for the furtherance of the Christian religion within the United Kingdom and throughout the
world.
bl Four-lenlhs for such charitable purposes as the trustees shall think fit.
¢1 One-tenth for educational purposes within a radius of 15 miles from the Civic Cenlre, Reading.
The Iruslees have, in any financial year, discretion to apply the income of one of the classes for the
benefit of another if they deem it fit to do so, provided that such discretion shall not be exercised in
favour of class al and class bl above for more than two successive years in any four-year period.
The trust deed requires The Edgar Milward Charity lo distribute all its income as it arises. Grants are
normally decided in advance al meetings of the Iruslees 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 to the
trustees, particularly those supported by the settlor. 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 selling 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 settlor 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.
Page 2

Investments
The Iruslees have power to invest in any stocks, funds or securities or investments for the lime being
authorised by law for trustees for the investment of trust funds, including the purchase of freehold or
leasehold land having an unexpired term of al le8St fifty years. Under authority obtained from the
Charity Commissioners for England and Wales by order under section 105 of the Ch8rilies Act 2011,
the Iruslees have appointed Redmayne-Benlley with discretionary powers in relation to the
management of the Charity's investments.
The Charity's investment policy seeks lo achieve a balanced return from income and capital
appreciation and to maintsin the value of the income stream in real tems whilst controlling the level of
risk.
Investment performance is monitored al the regular half yearly meetings of trustees which are
allended 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 lo
£60,26012023.' £58,149). Grants made during the year have decreased to £51,29512023- £56,550).
At the year end, there is £76,171 in cash reserves, of which £76, 171 is restrirted.
Statgmgnt of Tru$t89$' Responsibilities
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 Iruslees to prepare financial statements for each financial year.
The Iruslees have lo 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 trustees
musl not approve the financial statements unless they are satisfied that they give a true and fair view
of the stste of affairs of the Charity and of the incoming resources and application of ￿sOurceS of the
Charity for that period. In preparing these financial slalements, the trustees are required to..
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.,
slate whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial slalements.,
prepare the financial statements on the going concern basis unless il is inappropriate lo
presume that the Charity will continue in operation.
The Iruslees are responsible for keeping adequate accounting records that are sufficient to show and
explain the Charity's transactions and disclose with reasonable accuracy at any lime the financial
position of the Charity and enable them lo ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the
trLJSt 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
J C Austin
Chairman
Page 3

Inde
endent Examiner's Re
ort to the Trustees of
The Ed ar Milward Charit
Independent Examiner's Report to the Trustees of The Edgar Milward Charity
I report lo the charity Iruslees on my examination of the accounts of the Edgar Milward Charity
Ilhe Charity) for the year ended 05 April 2023.
Responsibilities and basis of report
As the charity's Iruslees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'lhe Act,).
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 matters have come lo my attention in
connection with the examination giving me cause to 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 with those records., or
the accounts do not comply with the applicable requirements concerning the form and conlenl of
accounts 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 matter considered as part
of an independent examination.
I have no concerns and have come across no other matters in connection with the examination lo which
allenlion should be drawn in this report in order lo enable a proper understanding of the accounts to be
reached.
Wayne Thomas ACA
Institute of Chartered Accountants in England and Wales
Bates Weston LLP
Chartered Accountsnts
The Mills
Canal Street
Derby
DE1 2RJ
Date.. 28 106 12024
Page 4

CtrIAklYY COMMISSION
Pok ENGLANO ANO WALtS
The Egdar Mllward eharlty
Receipts and payments accounts
CC16A
For the period
from
Section A Receipts and payments
Unie5¢rictefl
funds
Restricted
funds
Endowment
funds
Totsl funds
Last yoar
to the nearest
to ihe nearest£
tothe nearest£
to the nearesi£
to the neare$t £
A1 Receipts
uDted inv
58,642
SB.642
1.618
57.787
362
Sub total (Gross inGon7e fc>r
ARJ
611,260
60,260
58,149
A2 Asset and investment Sales.
15ee tablel.
Quoted investrnents
69.520
69.520
212.171
Sub tot31
69,520
69,520
212,171
60,260
69,520
129,780
270,320
A3Pa
ment8
Inv8Stm8nt manager's f8es
3,703
5,522
96
1.260
51.295
5,752
134
1.200
56.550
96
1,260
51,295
Independent exsmin8110n fees
Grants made dunn
Sub to¢al
54A70
3.703
58.173
63.638
A4 Asset and Investment
urchases,
see table
Quoied Inves￿e￿I$
70,640
70,840
186,941
Sub total
70,640
70.640
186,941
54,470
74,343
128,813
250,577
Net ofreceipts/(paymentsJ
A5 Transfers between funds
A6 C85h fund5185t year en
Cash funds this year end
5,790
4,823
967
19,743
20,433
26,223
$4,771
49,948
75,204
76,171
55,461
75,204
Page 5

Section B Statement of assets and liabilities at the end of the period
Unrestricted
funds
to near•$l £
Restricted
funds
to near•st£
Endowment
funds
to nearest£
CIE Ityories
Details
B1 Cash funds
CAF Bank
23.945
COIF Charllles deposil
2,278
19,23B
R8dmayng-E8ntleydgpo$it
30.710
Total cash funds
26,223
49,94
lagieebalanceswith ieceipis and payfflenis
Unrestrictsd
funds
to nw?rg$¢£
Restricted
funds
to n8arg¥t£
Endowment
funds
¢0 n8arg¥t£
Details
Fund to which
asset belon
endo¥¥ment
Curr•ntvalu
Details
Quoted investments
B3 Investment assets
1,267.539
1,522,831
Fund to which
asset bolon
Currontvalue
onal
Detalls
B4 Assets retained for the
charity's own use
Fund to which
r8lat•s
ount due
tional
When due
onal
Details
B5 Liabilities
Signèd by ont ortwo Iruste•s orj
behalf of all the truste8S
S￿n>t￿¢
Print Namg
Date ol epproval
J C Aumtin
2710612024
F Paleth0￿e
2710612024
Page 6