REGISTERED CHARITY NUMBER: 281018 Ro rt of th• Tw$t¢•s and Unauditgd Financial Statem•nts lor th• Yoar End•d 5 A rll 2026 Tho Ed ar Mllward Charl Bales Weston LLP Chartered A¢¢ountsnls The Mills Canal Street Derby DE1 2RJ TheEd ar Mi1¥*7rd Cha . Contents of the Financial Statements for the Year Ended S A ri12026 Pa99 Report of the Trustees 1103 Independent Examiner's Report Fomi CC16A 5106 ## **The Edgar Milward Charity** ## **Report of the Trustees for the Year Ended 5 April 2026** The trustees present their report for the year ended 5 April 2026. The trustees during the year were: Mrs J C Austin (Chairman) A S Fogwill (Corresponding Secretary) S M W Fogwill Mrs F Palethorpe (ACA) (Secretary and Treasurer) Mrs E M Smuts Mrs M V Roberts Mrs I C Howlett 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 281018). 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 West Malling Kent ME19 4JQ **Investment Managers:** Redmayne-Bentley LLP Market Place House 43 Market Place Henley-on-Thames RG9 2AA **Independent Examiner:** Wayne Thomas FCA Bates Weston Audit Limited Statutory Auditors Chartered Accountants The Mills Canal Street Derby DE1 2RJ The trustees confirm that the trustees' 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 (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Structure, Governance and Management** By the trust deed of 29 April 1980 Alfred Edgar Milward settled investments on the charitable 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. ## **Trustees** The Charity is managed by the trustees themselves who meet twice a year. They are responsible for appointing any new trustees. It is the policy that one trustee shall be independent, preferably a chartered accountant or solicitor. Except for the independent trustee, 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, 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. ## **Objectives and Activities Distribution** Under the terms of the deed, the trustees hold the capital and income on trust to apply the income of the Charity as it arises (or within a reasonable time thereafter) as follows: a) One half for the furtherance of the Christian religion within the United Kingdom and throughout the world. b) Four-tenths for such charitable purposes as the trustees shall think fit. c) One-tenth for educational purposes within a radius of 15 miles from the Civic Centre, Reading. The trustees 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 a) and class b) above for more than two successive years in any four-year period. The trust deed requires The Edgar Milward Charity to distribute all its income as it 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 to support a limited number of causes known to the trustees, particularly those supported by the settlor. Unsolicited applications are not normally considered. The trustees 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 trustees have sought to benefit the public through a range of grants to 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. ## **Investments** The trustees have power to invest in any stocks, funds or securities or investments for the time 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 at least fifty years. Under authority obtained from the Charity Commissioners for England and Wales by order under section 105 of the Charities Act 2011, the trustees have appointed Redmayne-Bentley with discretionary powers in relation to 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 at the regular half yearly 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 £68,534 (2025: £65,840). Grants made during the year have decreased to £62,091 (2025: £64,109). At the year end, there is £55,532 in cash reserves, of which £55,532 is restricted. ## **Statement of Trustees' Responsibilities** ncial statements in accordance with applicable law and regulations. The Charities Act 2011 requires the trustees to prepare financial statements for each financial year. The trustees have to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. The trustees must 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 (FRS 102); - make judgements and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and position 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 **J C Austin** Chairman **Independent Examiner's Report to the Trustees of The Edgar Milward Charity** ## **Independent Examiner's Report to the Trustees of The Edgar Milward Charity** I report to the charity trustees on my examination of the accounts of the Edgar Milward Charity (the Charity) for the year ended 5 April 2026. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 'true and fair view' which is not a matter considered as part of an independent examination. 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **Wayne Thomas FCA** Bates Weston LLP Chartered Accountants The Mills Canal Street Derby DE1 2RJ Date: CHARITY COMMISSION The Edgar Mihvard Chartty 281018 Receipts and payments accounts CC16a Forthe period from OS10412025 05104ll026 Section A Receipts and payments Ut)restrictod funds R6strK16d nds Endo¥4yn•ni funds Total funds LaEtyear A1 Rec8ipts Intere* and th￿dEndS(￿ ￿￿t￿li[￿V deposit InteYe* ,2B2 1,5B8 Sub total(Gros3 income for AR) A2 A8101 and InvoA¢m*n¢ so1¢s. 188e table). uoled Inve51menls 22.833 22M33 110,312 Sub toial 22.833 22M33 180.352 61.53 22.133 •1.367 246,192 A3 Pa m¢n¢s Investmènt mBnaoe¢•fe admin15tr&bve expen8•5 Indew*ent examinati(￿ le rgnt¥ 2.7•2 $A71 389 I,J20 84.109 i.J 62.1191 Sub total 72.232 72,289 A4 Asset and In¥￿tMent urcha805, 808 tablo uoled inve51rnen15 20,517 20,517 193,16Q Sub total 20.817 20.617 193,160 26.201 V,749 265,449 Nef of receIpt￿(PaY￿eng¥) A5 Transfers behveen lund8 A6 Cash lunds lasi year end Cash funds thls y•ar •nd 1,986 3.36B 1,JB2 19,257 24.121 .107 32,793 29.425 56.914 55.532 76,171 56,914 Page 5 Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restricted fund5 to nearwt£ Endowment funds tonearost£ Categori88 81 Cash funds CAF eaik 23.325 2N2 ¢C)IFth&￿e￿dEr￿ 26,517 2.782 Total ¢•sh funds 16.107 29,425 Unrnstrfd8d funds Restrlcted fund8 Endo*Th8nt funds tOnè4rest£ Dtrtalls Currnnt v• Oetails B3 Inv•8tmont a8••ts 1,312.224 FundtO*th*h Cumnt v•lu• Detall$ 84 A88•18 r•taln•d lor thè charlty'• own u80 Fundto*thkh Amoum¢ Whon du• Detalls BS Llabllltle• Signed by one (Y two I￿s￿¢S on behalf of 811 the trusthfjs Date of roval Swjnature Print Name J C Au$¢in F Palpthowp Page 6