REGISTERED CHARITY NUMBER: 281018
Re
ort of the Trustees and
Unaudited Financial Statements
forthe Year Ended 5 A
ril 2025
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
for the Year Ended 5 A ril 2025
Page
Report of the Trustees
1 103
Independent Examiner's Report
Form CC16A
5t06

The Ed
ar Milward Charit
ort of the Trustees
forthe Year Ended 5 A
ril 2025
The Iruslees present their report for the year ended 5 April 2025.
The Iruslees during the year were..
Mrs J C Austin {Ch8irmanl
A S Fogwill Icorresponding Secretary}
S M W Fogwill
Mrs F Palelhorpe IACAI (Secretary and Treasurer)
Mrs E M Smuts
Mrs M V Roberts
Mrs I C Howlell
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 FCA
Bates Weston Audit Limited
Slalulory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE12RJ
Page 1

The trustees confirm that the Iruslees. annual report and financial statements of the Charity comply
with the current statutory 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 Republic of
Ireland IFRS 1021 (effective 1 January 20191.
Structure, Governance and Management
By the trust deed of 29 April 1980 Alfred Edgar Milward settled investrnents on the charitable trusts
outlined below. Alfred Edgar Milward died in 1986 and bequeathed the residue of his estste lo 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.
Trustees
The Charity is managed by the trustees themselves who meet ￿lce a year. They are responsible for
appointing any new Iruslees.11 is the policy that one Iruslee shall be independent, preferably a
chartered accountant or solicitor. Except for the independent trustee, new Iruslees normally have a
direct or indirect family link lo the selllor and are pul forward for appointment following consultation
between the trustees and an interview with the chairman.
New Iruslees are provided with copies of the trust deed, previous financial statements and other
relevant documentation 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.
Objgctives 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 trLJStees shall think fit.
cl One-tenth for edLJcalional purposes within a radius of 15 miles from the Civic Centre, 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 sh811 not be exercised in
favour of class 81 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 selllor. Unsolicited applications are not nomally
considered.
The Iruslees confirm that they have referred lo 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 selllor 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 trustees 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 least fity years. Under authority obtained from the
Charity Commissioners for England and Wales by order under section 105 of the Charities 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 maintain the value of the income stream in real temis whilst controlling the level of
risk.
Investment performance is monitored at the regular half yearly meetings of trustees which are
attended by the investment managers. In the light of current m8rkel conditions, perfomiance during
the year under review is considered satisfactory.
Flnanclal Revlew
Incoming resources have increased during the year. Total income from investments has increased to
£65,84012024'. £60,260). Grants made during the year have increased to £64,10912024.' £51,295).
Al the year end, there is £56,914 in cash reseNes, of which £56,914 is reslricled.
statement of Trustees. 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 lo prepare financial statements for each financial year.
The Iruslees have lo prepare the financial slalemenls in accordance with United Kingdom Generally
AC￿pted 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 trLJStees
musl not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the Charity and of the incoming resources and application of resources of the
Charity for that period. In preparing these financial statements, 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 lo 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 stslemenls 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
J C Austin
Chairman
0210612025
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 to the charity Iruslees on my examination of the accoLJnts of the Edgar Milward Charity
(the Charity) for the year ended 5 April 2025.
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 examlner's statement
I have completed my examination. I confirm that no material mallers have come lo my attention in
connects'on with the examination giving me cause to believe that in any material respect..
a¢￿UntIng 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 content 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
attention should be drawn in this report in order lo enable a proper understanding of the accounts to be
reached.
Wayne Thornas FCA
Institute of Chartered Accountsnts in England and Wales
Bates Weston LLP
Chartered Accountsnts
The Mills
Canal Street
Derby
DE12RJ
Date.. 09 106 12025
Page 4

CHARIYY COMfiAISSIO
TrOR &NGLAf40 ANO WE4LES
The EgdaT MilwaTd Charity
281018
Receipts and payments accounts
CC16a
For the perlod
from
0610412024
0510412025
Section A Receipts and payments
Unrestricted
funds
Restricted
funds
Endowment
fund5
Total funds
Last year
to th8 ngarfj$t
to thg ngarg¥t£
toth8 nfjar8$t t
to thg ngJrfj8¢£
to Ihg ngJrfj8¢£
A1 Receipts
Inierest and dividends on quoted Inv
64,252
1,588
64,252
1,588
$8,642
Sub totsl(Gross inwmg forAR)
A2 Asset and Investment sales,
(see tablel.
65.340
65.B40
fj0.26Q
Quoted InveS￿ents
180,3S2
180,352
69,520
Sub total
180.352
18fj.352
69,52Q
65.840
180,352
241,192
129,780
A3Pa
men15
InveS￿ent manager's fees
Admini$tr£tive expenSE5
2,124
389
1,320
64,109
4,347
fjN71
389
1,320
64,109
5,522
96
1.260
Sl,29S
Grants during the year
Sub total
67,942
4,347
72,289
$8,173
A4 Asset and investment
purchases, (see table
ou0￿d Inves￿ents
193,160
193,16Q
70,fj4fy
Sub total
193,160
193,16Q
70,64Tr
67,942
197,507
265.449
128,813
Net of receipts/(payments)
A5 Transfers b8tsveen funds
A6 Cash funds last year end
Cash funds Ihis yèar end
2,102
17,155
19,2S7
967
26,223
24,121
49,948
32,793
76,171
56,914
75,204
76,171
Page 5

Section B Statement of assets and liabilities at the end of the period
UnrestTlCted
funds
lo nearest £
Restricted
funds
to nearest£
Endowment
funds
to nearest£
¢ategorle$
Detalls
B1 Cash funds
CAF BBnk
23,722
COIF Chanties deposit
399
Redma￿e-BenIieY deposit
11.67S
Total cash funds
24,121
32,793
eccourtlsl
Un￿StrICted
funds
lo nearest £
Re$trl¢ted
funds
to nearest£
Endowment
funds
to nearest£
Details
F￿nd to whlch
S5Et belon
8ndo¥vm8nt
CuThent value
Det3ils
Quoted Inve$tmÈnts
Cost loptionall
1,320,098
B3 Investrnent a55ets
1,489,432
Fund to whlch
SYEt belon *
Culrentvalue
Detai15
Colt (Dptionall
B4 Assets rètained for the
charity's own use
Fynd to which
lates
Amount dug
Wh8n dvfj
Details
85 LlabllStles
Signed by one ort4VO trustee5 on
behalf of 811 the Iruslees
Date of
roval
Signature
Print Name
J ¢ I4UStin
0210612025
F Pèlethtswt
0210612025
Page 6