Charlty règlstratlon number 293312 IEngland and Wale¥l THE W G EDWARDS CHARITABLE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE W G EDWARDS CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustoos Mr WJ Mackie Mr A Mackie IAppoinled 19 July 20241 Charlty number 293312 Principal addrèss Fernwood House Fernwood Road Neweastlè upon Tynè Tyne and Wear England NE2 1TJ Auditor Robson LaidlerAccountants Limited Fernwood House Fernwood Road Jesmond Newca511e upon Tyne Tyne and Wear England NE2 1TJ Bankers CAF Bank LiTniled 25 Kings Hill AvènLJe Kings Hill West Mailing Kent ME194JQ Solicitors Hay & Kilner Merchant House 30 Cloth Market Newcastle upon Tyne NE1 1EE
THE W G EDWARDS CHARITABLE FOUNDATION CONTENTS Pay• Trustees. report Independent audito¢s report Staternenl of financial acts'vities Balance sheet Notes lo the finanoal statements
THE W G EDWARDS CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 The trustees piesenl their annual report and financial slalemenls for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charitiès." Statemènt of Recommendèd PraeticÈ applie2ble to charitiès preparing their accounts in accordance with the Financial Reporting Slandaid applicable In the UK and Republic ol Ireland IFRS 1021" (effective 1 January 20191. Oblèctlvos and actlvltles Ahhough the Trust Deed does not specify any particular beneficiaries, the Trustees have agreed lo adopt the following grant making policy statement in order to reflect more dosely the wishes of the late Mr W G Edwards, and have signed a Statèmènt of Wishès to this 8ffeet'.- 'To assist with the provision of care for older people through existing charities. princApally with c3pilal projects bul also other innovative schemes for ongoing care. The Trustees will not assist in the relief of individuals. 11 is the present intention of the Trustees to make grants and donations from income." In addition, the airns of the Foundation aTe:_ il to support as many projects as possible, even if this means smaller individual granls., ill lo dtsnatè to rÈfurbishmantlbuilding projects nearing eomplètion rather than thosè in thè planning stage., ill to support all kinds of group5 01 older people., iv) to sponsor individual named items of expenditure rather than donate into a pool or unrestricted fund.. and vl lo ensure that any funding 15 proparly spent on those specific Items sponsored. The objectives for the year are shaped by these aims and applications for grants are invited from a variety of sources, both new projects and those supported in previous years. As a matter ol good practice, all potential benefieiariès arè asked to provide budgetslforecasts lor the intendèd projèct togethèr with a copy of their latest report and accounts, Beneficiaries must be established registered charities that assist with the care ol older people. Individuals cannot be beneficiariés. The Trustees consider that an older person is generally assumed to be over 65 years of age, but they will also look al pioieds foi over 505. The Trustees have a150 agreed lo re51ricl beneficiaries geographically. 1¢. charities which benefit older people residing within the United Kingdorn. In 2016, il was decided that Ghaiilies which benefit older people residing in Crown Dependencies rnay apply. Public benefit The Trustees are mindful of the legal requirernenl that all charities must have charitable purposes which are for the public benefit and are satisfied that the Foundation fulfils this criteria by being concemed with the relief of the effects of old age in th& gèner31 public in the United Kingdom. By offering finanaal assistance to registered charities that assist with the care of older people, the Trustee5 are relieving the financial burden on the welfaiè slatè to pay for their care and are also helping to provide an improved quality of life for this sector of the community through a variety of prc>jects. There is no membership of the Foundation, no charge for services and no-one receives private benefits from the Foundation. Trusteès do not activèly sèèk grant-making opportunitiès and thèr&lore only respond to funding requests presented lo them. The Foundation is represented in the major grant-making trusts yearbook5 and online setvices such as the Directory of Social Change.
THE W G EDWARDS CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Charitatsle activities Donations in 2024-2025 were given to a wide range of charities which benelil the eldeily. A number of charities received funding lor gardening and allotment projects or gardening equiprnenl. Croydon Health Services Charity and Norfolk & Notwich Hospitals Charity were both given support to create dementia-friendly gardens. Age UK Milton Keynes was given a grant foi gardening tools. A variety Df charities were recipients of funding for innovative arts proje¢ts. Theatrès which were supported with outreach programmes included Immediate Theatre ITI London which received a donation lor cotntnunty workshops. Other outrèaeh music projécts given donations inclsjded Live Music Now in ltte South Wesl, Musical Connedions in Yoikshire and Voices (>f Hope in London. A range of applications were made in connection with health and fitness projects. Beneficiaries of such grants included Sporting Memories Foundation in Scotland which reIVed 3 grant lo help buy boccia and kurling equipment. Guiseley Community Foundation in Yorkshire was supported with a walking football projèet and Lancashire Ciickel was given funding ft>r a walking cricket project. The Afro-Brazilian Arts & Gullural Exchange In51ilule in London received a grant lo aid 8 fitness programme for the ovèr-65s. A number ol charities received funding for equipment and fuinilure such as Ainsdale Lun¢h & leisure in the North Wèst, Making Spacé in Yorkshire and Edinburgh Old Town Development Trust. Following the nurnbering of the additional aitns listed above.. i) Donations made during the year for charitable purposes amounted lo 2135,758 with an average grant size ol £1,400. In 2022-23 the average grant size was £1.450 and in 2023-2024 the aver3ge grant Size was £1,293. A total of 97 organisations were suecessful in obtaining grants frorn the Foundation for their projec15. The m8ioiity ol unsuccessful application5 were foi revenLJ& Costs, transport or lor charities which do nol speafically benefit older people. ill A total of £6,925 was granted to different refurbishrnenl projects this year. iiil Speofic groups of older people have been assisted by the Foundation this year. These include African French Speaking Community Support in the Midland5 foi exercise sessions and befriending. The Henna Asian Wornen, Group in London and Out North East were also given support lor their aotivily progiammes. Murr8yfield Dementia Project in Scotland received funding for equipment and events. iv) All grants rnade were for named rf(ems of expenditurè. No donations wèra made into unrestricted or pooled funds. vl Each Charity is asked for feedback on how funding is spent and how projec15 progress. Trustees receive an annu81 feedback report in ieg8rd to projects supported during the year. The Trustees are keen to support projects which will benefit older people regardless of their location within the UK. The approximate funding percentage split by geographical area is as follows. The following table shows how amounts 8nd locations differ from year to yéar.
THE W G EDWARDS CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Aehièvements and perfomiance rants b Geo ra hical Area 202312024 202412025 Amount No. of Grants Amount No. Grants of London Home Counties East An South East South We51 Wales Midlands North West North Easu Yorkshire Scotland Northern Ireland Nationwide 19,466 15¢/4 7.024 5°/0 3.500 3°/0 8.796 7° 22,160 17° 2,800 2 / 16,526 13'A 12.777 100 11,198 9¢/¢ 11,912 9,/¢ 6.890 5°/ 6,347 5°/0 15 14,699 11° 4,701 3° 3,581 34A 9,841 7¢ 13.800 100 3.540 3°/ts 17.165 13° 14.780 11° 27,646 20/ 17,225 13°A 3,480 3°A 5,300 4Q 10 19 14 10 129.396 100% 100 13S.758 I00Y. 97 Including the donations made during the year, ihis brings thè total arnounl of donation5 made by the Foundation since its inception 10 £4.963.848. There has bèèn a lolal of 1.400 donations. splil as follows Grants b Pro. 202312024 202412025 Total to date New Buildin Refurbishment Building Purchases Furnilurel E ment Recreational Outreachl Care Projects IT Projects Homeless Research 1,491.814 848.008 45.000 819.667 582.065 879,265 155.861 26.358 115.810 7.640 6.925 40,522 37,539 30,982 12,713 39.791 43.418 41.746 3,878 129.396 13S,758 4.963,848 Number of donations 97 1,400
THE W G EDWARDS CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Finan¢ial rèvlèw Financial positlon The Foundation is reliant on the income from its investments and has continued to maintain the majority ol its investment in bonds. equities and cash during the year. The continuing aim of the Trustee5 15 lo maintain reserves at their current level and lo pay grants out of incotlle and iealised surpluses. Investmènt pollcy and oblectlves The investment objective Is to protect the real value of capital and provide a spec4fied income target in excess of £120,000. The income received ovèr thè yèar 2024-25 was £154,728. On 5 April 2025 the Foundation's portfolio market value w85 £3.618,351 and on 5 April 2024 it was £3,736.566. The Tiustèès meet at least annually with the investrnenl manager lo discuss the performance of investments and lo rewew the portfolio allocation and targets. Plans for future periods The Trustees will continue to.. al adhere to the current policy statement.. bl recognise the individual rights of the older person and offer financial aid lo projects Put fonNard by registered charities that aim lo improvè the lives of older people. These may include building projects in homes for the elderly or day centres. bul also projects focusing on mental or physical health, personal safety. elder abuse, providing practical help. recreational aclivrties elG, cl support research projects which will directly benefit older people". dl allocate as much income as possible to such projects. withholding only a minimum sum to Ver annual expenses". el consider each application on its own merit, but giving preference to projects which directly benèfit older people rather than groups which rnay Contain somè older peoplè 8g. disabled, hard ol hearing etc,. obtain feedback from Suc$$ful applicants to ensure that ILJnding is spent on the resour for which il was intended and ascertain the success ol the project wherever possible as a guide lo future grantmaking., gl ensuiÈ that investments made on the Foundation's behalf are both prudent and socially responsible whilst maximising Income potential and capital growth", and h) maintain reserves at the current level. paying giants from income and realised surpluses. Structure, governance and management The charity is controlled by 115 goveming documènt, a dèéd of trust, and constitutes an unincorpoialed ¢harity. The trustees who seNed during ihe year and up to the date of signature of the financial $lalements were.. Profèssor VVD Savage IResigned 19 July 20241 MrWJ Mackie Ms L Polling Ms SS Seymour-savage MrA Mackie IResigned 8 July 20241 IRèsignèd 6 April 20241 IAppointed 19 July 20241 Charity constitution The W G Edwards Charitable Foundation is consliluled under a trust deed. which was executed on 26th Sèptember 1985 following the death of William George Edwards on 27th November 1984 and established by his will. The tru51 deed lays down that the trust fund. together with the income therefrom, shall be used for thè benefit of such charitable purposes or activities as the Tru51ees sh811 diied. Initially the Foundation's assets were shares in Mr Edwards, property company but these were sold in 2001 and the proceeds inve51ed by fund managers to provide an annual Income which could be used in charitable donations by the Foundation, as well a5 provide capital growth. The Foundation does not undertake any lundrai5ing activities.
THE W G EDWARDS CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 R•cNltm•nt and appolntm•nt of naw trustees Trustees are appointed by ¢lection by the Board of Trustees. The chairperson is elected annually. Thè Trusteès have discretion lo appoint new Trustees whenever they feel it appropriate and these may be drawn from family members or piofe5siona15 with specific knowledge of the nèeds of older people. Decision making The Trustees consider grant applications quarterly and inveslmenls, policies, reserves and risk management annually. Day to day administration, in addition to the processing and handling of application5 prior lo Gonsideration by the Trustees. is carried out by the secretsry lo the Trustees. Induction and training of new trustees New Trustees are provided with a brief history of the Foundation. a copy of the trust deed. etspy Minut8s, Report and Accounts for the previous three years together with a copy of the Charity Comrnission's The E55ential Trustae.. What You Need lo Know. Risk management The Trustees have examined the principal areas of the charity's operations and identified thè major risks to which the Foundation is Èxposèd. The Trustees have established systems lo mitigate these iisks and review these regularly- both foitnally 31 the AGM and informally during the year. The Trustees consider that the rnaioi iisk to the charity 15 loss of income from investments and continue lo monitor this closely with the fund managers. Stat•m•nt of trustèès, rèsponslbllltlès The trustees are responsible lor preparir)g the Truslee5' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Gelleially Awepled Accounting Practicè). The Iruslees, report was approved by the Board of TtU5te8s. Mr WJ Mackie Chair of Trustees 24110r2025 Dale".
THE W G EDWARDS CHARITABLE FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE W G EDWARDS CHARITABLE FOUNDATION Opinion We have audited the financial statetnents of The W G Edwards Charitable Foundation (the 'charily I for the year ended S April 2025 which ¢omprise the statement ol financial activities, the balance sheet and notes lo the financial statements, including significant accounting policies. The Iinancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Repijblic of Ireland (United Kingdom Genèrally Accepted Accounting Practi1. In our opinion, the financial stalemenls.. give a true and fair view of the slate of the charity's 8ffair$ as at 5 April 2025 and of its incoming reSoUrS and application of resources, lor the year then ended., have been pioperfy prepared in aocordance with United lfjngdom Generally Accepted Accounting PractiTr'. and have been prepared in accordance with the Charitie5 A¢1 2011. Ba$is for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicablè law. Our responsibilities under those standards are further described in the Audilorfs responsibili1185 for th& audit of the finanGial statèmsnts sèction of our report. Wè arè indèpendent of the charity in accordance with the ethical requiremen15 that are ielevanl lo our audit of the finan¢ial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities In accordance with these requirements. We believe that the audrt evidence we have obtained is sufficient and appropriate lo provide 8 basis for our opinion. Conclusion5 relating to going Concern In auditing thè financial statèments, we have conduded that the trustees, use of the going concem basis of accounting in the pièparalion ol IhÉ financial statèments is appropriate. Based on the work we have performed. we have not identified any material un¢ertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity s ability lo continue as a going concem foi a period of atlgast twelve months from when the financial statements are authorised for i55ue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant sections ol this report. Other infomiation The other information comprise5 the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other Infoation Gontained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any foim of assuiance condusion Ihereon. Our respon51bi1ily is lo read the other information and, in doing so, collsider whether the other inforrnalion 15 materially inconsislenl with the financial 5tatetnenls or our knowledge obtained in the course of the audit. or otheise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a rnatorial misstatemènt in the financial slalemenls themselves. If, based on the work we have perforrned, we conclude that there is a material misstatement of this other information. we are required lo r&port that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect ol the following matters in relation lo whi¢h the Charities IAccounts and Rèports) Règulations 2008 requires us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respe¢l with the trust8e$' report." or sufficiènt accounting records have not beèn kept". or the financial st2tements are not in agreement with the accounting records., or wè havè not receiv&d all the information and explanations we require for our audit,
THE W G EDWARDS CHARITABLE FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE W G EDWARDS CHARITABLE FOUNDATION Rèsponsibilities of tru¥tees As explained more fully in thè statement ol Iruslee5' responsibilitie5. the tiustees are responsible for the preparation of the financial statemen15 and foi bèing satisfied that they give a true and fair view. and for such internal control as the trustees determine is neoessary to enable the preparation of financial statemènts that are free from material misstatement, whether due to fraud oi etror. In preparing the financial stalemenls, the trustees are responsible lor assessing the charity's ability to continue as a going concern, disclosing, as applicable. mattels related to going concern and using the going concern basis of accounting unless the trustees either intend to ce3S8 operations. or have no realistic altèrnative but to do so. Auditor's r•sponsibilities for the audit of the financlal stataments We have been appointed a5 audiloi under section 144 of the Charities Act 2011 and report in accordance with thè Act and relevant regulations made or hawng effeet thèrèunder. Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are frèè from rnaleiial misstatement, whether due lo fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assuiance bul is not a guarantee that an audit conductèd in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arisè from fraud or error and are considered matèrial if, individually or in the aggregate. they could 163sonably be expected to influence the econornic deasion5 of user5 taken on the basis of these financial statements. The extent lo which our procedures are capable of delecling irregulaiitiès, inclLJding fraud. is detailed below. Thè risk ol material misstalemenl due lo erior or fraud has been assessed in conjunction with how internal conliols may mitigatè any such risk. These controls ale ieviewèd as part of the audit by perforrning 5yStems walkthroughs to ensure they ale operating effectively. Analytical review and Substantivè testing is also perforrred on all material balanS and therefore any instances ol non-compliance should be identified or considered as insignificant. In identifying and assessing Iisks ol material misstatement in respect of irregularEties. including traud, thè audit engagement team., obtained an undèrstanding ol the nature of the industry and sector, including the legal and regulatc*ry framework. in which the ¢harity operates and how the charity compliès with that legal and iegulatory framework inquired with management and those charged with governance about their own identification and a55essmenl of the risks ol irregularities. including any know actual. suspected or alleged instances of fraud discussed with managetnent and those charged with governance arty non-compliance with laws and regulations and how fiaud might occur including assessments of how and where the financial statements may be susceptible to fraud. The risk of management override of controls was also considered an aiea ol potential misstatement due to fraud. Audit procedures perfomied included testing of manual journal entries and other adjustments and evaluating the bu5ines5 rationale in relation to significant, unusual tians3Ctions and transactions entered into outside the normal course of business. A further description of our responsibilities is available on the Financial Reporting council's website at.. https'.11 www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Othér matters Your attention is diawn lo the fact that the charity has prepared financial slalements in accordance with 'Accounting and Reporting by Charitie5'. Slalemenl of Recommended Practice applicable lo chaiilies prèparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS 1021" las amended) in preferènce to the Accounting and Reporting by Chaiilies." Statement ol Recommended Practice issued on 1 April 2005 which 15 referred lo in the extant regulations but has now been withdrawn. This ha5 been done in order for the financial slalemenls lo providè a true and lair view in acwrdance with current Generally Accepted A¢untIng Practi.
THE W G EDWARDS CHARITABLE FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE W G EDWARDS CHARITABLE FOUNDATION Usfr of our rèport This report is made solely lo the chaiity's trustee5. a5 a body, in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees thosè tllatteis we are required to state to them in an auditor's report and for no other purpose. To the fullest exttsnt permitted by law, we do not acpt or assume responsibility to anyone other than the charity 8nd the tharity's trustees as a body, for our audit work, for this rèport, or for th8 opinions wè hav8 formed. J• Nicholas Cunningham Msc Bsc FCCA IS•nior Statutory Auditor) for and on behalf of Robson Laidler Accountants Limitsd rl-li: tolf..... statutory Auditor Fernwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear England NE2 1TJ Robson Laidler Accounlanls Limited is eligible lor appointment as auditor of the charity by virtue of its eligibility ft>i appointment as auditor of a company undÉr sèction 1212 01 the Companies Act 2006.
THE W G EDWARDS CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 Unrestricted Unrestricted funds funds 2025 2024 Note$ Income from.. Investments 154,728 154,454 Ex enditure Raising funds 9.066 8.563 Charitable activities 150,548 143,323 Total expenditure 159.614 151.886 Nel gainslllossesl on investments 1233,2841 182,106 Nat movement in funds 1238,1701 184,674 Fund balanS al 6 April 2024 3,789,233 3,604,559 Fund balancès at 5 April 2025 3,551.063 3.789.233 The statement of financial activities includes all gains and Ioss6s r6cognised in the year. The slalemenl of finan¢ial a¢tivilies in¢lude5 all gains and losses recognised in the year. All income and expenditure derive trom continuing activities.
THE W G EDWARDS CHARITABLE FOUNDATION BALANCE SHEET AS AT 5APRIL 2025 2025 2024 Notes Fixed assets Tangible assets Investments 10 3,494,507 3.736,566 3,494.515 3,736.610 Current assets Cash at bank and in hand 61,660 60.038 Creditors.. amounts falling due within one year 12 15.1121 17,4151 Net ¢urrenl assets 56,548 52.623 Total assets lèss current liabilities 3,551,063 3.789,233 Income fund$ Unrestricted funds 3,551,063 3.789,233 3.551,063 3,789,233 The finanaal stalernents were approved by th& Trustees on . zYliO Iz s- Mr WJ Mackie Chair of Trustses 10-
THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accounting poli¢ie$ Charity information The W G Edwards Charitable Foundation is an unincorporated charity Icharily nurrbef.. 2933121. 1.1 Aecountlny eonvèntion The financial statements have been prepared in accordance with the charity's governing document. the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. C'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191. The charity is a Public Beneftt Entity as defined by FRS 102. The ¢harily has taken advantage of the piovisions in the SORP for charrties not to prepare a Statement of Cash Flows. The financial statements are prepared in slèding, which is the functional currency of the charity. Monetary amounts in Ihesg financial slalemenls ale rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. rnodified lo include the valuation of fixed asset investments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern Al ltte lime of approving the finar)cial stalemenls, the trustees have a reasonable expeotation that thè charity has adequate resources to continue in operational existenTr for the foreseeable future. Thu5 the Iruslees continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltsblè funds Unrestricted funds are availablè for usè at tha discretion of the trustees in fvrtheran of their charitable objèetivès. Reslncted furids ale subject lo specific conditions by donors or grantors as to how thèy may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial slalemenls. 1.4 Income Inoome is recognised when the charity is legally entitled to it after any perfortllance ¢ondrtions have been mel, the amounts can be measured reliably, and it is probable that incorne will be received. 1.5 Expènditur• Expenditure is recognis6d once th6rè is a lègal or constructive obligation to transfer economic benefit to a third party. il is probable that a transfer of econornic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classifitrd by a¢tiwly. The costs of each activity are made up of the total of direct costs and shaied Gosls. Including support costs involved in undertaking each aolivity. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned between those activitie5 on a basi5 ¢onsistent with the use of resources. DepieGialion charges ale allocated on the portion of the assel's use.
THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 A¢¢ountlng pollclès (Continued) 1.6 Tangible fixed as¥ets Tangiblè fixéd assèts arè initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment lossès. Depreciation is ieoogrlised so as to wrrt8 off the cost or valuation of assets less their ie5idual values over their useful lives on the following bases.. Computers 330A on ¢ost The gain or loss arising on the disposal of an asset is delertninèd as th8 difference befv4een the sale piooeeds and the carying value of the asset. and 15 recognised ill the slalement tsf financial activities. 1.7 Flx•d assèt Investments Fixed asset investments are Initially measured al Iransadion price excluding transaction costs. and are subsequently measured at lair value al each reporting date. Changes in fair value are recogni5ed in nel incomellexpendi(urel for the year. Transaction costs are expensed as incurred. 1.8 Impairm¢nt of fixèd assets At each reporting end date, the charity reviews the carrying amount5 01 its tangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. Sf any such indication exists, the recoverable amount of thè asset is estimated in order to determine the exlenl of the impairment loss lif any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-tèrm liquid investmen15 with original rnalurities of three month5 or less. and bank overdrafts. Bank overdraft5 ale shown within borrowings in current liabilities. 1.10 Taxation The charity is exempl from tax on its charitablè aetiviti8s. In¢om• from invastmants Unrestricted Unre$tri¢tsd funds fund$ 2025 2024 Income from listed investments Intèrèst roeeivable 154.427 301 154,157 297 154.728 154.454 12-
THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Ralslng funds Unrestricted Unrèstrictèd funds funds 2025 2024 Investment managers fees 9,066 8,563 9,066 8,563 Expèndlturn on charitabl8 activities Grant Making 2025 Grant Making 2024 Direct costs Depreciation and impairment Bank charges 36 14 44 14 50 58 Grant funding of actwrtias (see note 51 135,758 129.396 Share of support and governance costs (see nots 61 Support Governance 11.915 2.825 11.134 2,735 150,548 143,323 Analysis by fund Unreslricled funds 150.548 143.323 Grants payable Grant making Grant making 2025 2024 Grants to inslilution5197 granlsl.. Furniture l Equipment IT l Tech Outreach Recieatio Rert}iShMent 39.791 3.878 42.746 42.418 6,925 40.522 12.713 30.982 37.539 7,640 135,758 129,396 13-
THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Support costs alloeatèd to actlvltlos 2025 2024 Adrninisliative expenses Administration fees IT Costs Governance costs 1,099 9,616 1,200 2.825 1.906 9.228 2,735 14,740 13.869 Analys•d b••n. Grant Making 14,740 13,869 Net movemènt In funds 202S 2024 The net movement in funds is stated after chargingllcredilingl". Fees payable for the audit of the ¢h3rity's financial statements Depreciation of ownèd tangiblè fixed assets 2,825 36 2.735 44 Trustees None of the trustees received any remunerab'on or benefits from the charity during the year. Taxation The Charity 13 exempl frotn tax*ion on Tts activities because all its incorne is applied lor charitable purposes. 10 Tangiblg fKxad assèts ¢omputers Cost At 6 April 2024 1,009 Al 5 April 2025 1,009 Depre¢iation and impaim)ant At 6 April 2024 Depreciation charged in the year 965 36 At 5 April 2025 1,001 Carrying amount At 5 April 2025 Al 5 April 2024 44 14-
THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 11 Fixed asset invesknents LTr8ted investments Cost or valuation Al 6 April 2024 Valuation changes Disposals 3,736,566 1233,2841 18,7751 Al 5 April 2025 3.494,507 Carrying amount At 05 April 2025 3.494.507 At 05 April 2024 3.736.56fj 12 Creditors.. amounts falling due wlthln ono yèar 2025 2024 Accruals and deferred income 5.112 7.415 13 R•lat•d party transactlons Transactions with related parties During the year the charity entered Into the ftsllowing transactions with related parties.. During the year lees totaling £9.616 12024.. £9.2281 were paid lo Mrs T Mackie for administration services provided. Mrs Mackie is the wife of Mr WJ Mackie a Trustee of the Charity. The Trustees are aware ol the ne¢essary guidan¢e on transactions with related parties. 14 Unr•strictèd funds The unrestricted funds of the charity comprise the unexpended balance5 of donations and grants which a not subject to specific conditions by donors and granlois as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the Iruslees lor spècific purposes. At 6 April 2024 Incoming resources Resourcès expended Gains and loss•s At 5 April 2025 General funds 3.789,233 154,728 1159.6141 1233,2841 3,551.063 15-
THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 5APRIL 2025 14 Unrè$trlct•d funds IContlnu8dl Previous year= At 6 April 2023 Incoming resourcès Resources expended Gains and losses At 5 April 2024 General funds 3,604,559 154,454 1151,8861 182.106 3,789,233 16-
THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 15 Grants payable The following grants were paid during the financ4al year.. 4Sighl Vision Support Abbeyfield Strathgryffe Society Absafe Community Hub Acheinu Cancer Support African French Speaking CommLJnity Support Afro-Brazilian Arts & Cultural Exchange Institute Age Concern Béntham Age Concèrn Chander's Ford Age Concèrn Northern Ireland AgÈ Concern Tyneside South Age UK Milton Keynes Age UK Teesside Age UK Wallham Forest Agnes Hopkins Community Centre Ainsdale Lun¢h and Leisure AKU Socièty Answer project Ashford & Tenlerden Umbrella Ashington Veterans & Elders Bassellaw Food Bank BLESMA Boosbeck Community Centre Bowness & Windermere Community British Society of Lifestyle Medicine British Wireless for the Blind CAST Chesed Transport Setvi¢e Community Live5 Maller Cotswold Friends Crossroads Bamsley CYCALL Doncaster Performance Venue Drurngalh Ladies Group Diylaw Telford Community Assoaation Edinburgh Old Town Development Tru51 Equal Arts North East Fabrica Men in Sheds Fife Employment AcsS Trust Friendly FaS of Kent Gateshead Hatzola Genesis Care Grace Organisalion Grarnpian Society for the Blind Groundwork Yorkshire Ltd Guiseley Corntnunity Foundation Headway Suffolk Henna Asian Women's Group Hert5 Vision Loss Horsèman's Green Imtnedixte Theatre £2,000 £1,775 £1.000 £1,500 £1,000 £1.500 £1.560 £1.400 £1,600 £1,000 £2,OQO £770 £1,000 £1,500 £1,400 £2,300 £825 £2.000 £900 £2,187 £3,000 £945 £713 £1,500 £1,380 £1,134 £1,000 £2,000 £1,625 £1.140 £300 £1.500 £800 £1.130 £1,115 £1,500 £1.515 £1.000 £890 £2.660 £1.620 £1,468 £1,546 £800 £1,500 £1,581 £1,000 £1,500 £1.440 £1.000 17
THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 16 Grants payabl• . continuèd Lambelh Asian Genlre Lancashire Cri¢ket Leeds Chinèse Community Association Lingo Flamingo Live Music Now Made4U Makin9 Space Mecia MS Therapy Centrè Methodist Homes Millan Centre Murrayfield Dementia Project Musical Connections Neighbourhood Action New Bushbury Triangle NICE Norfolk & Notwioh Hospitals Charity N(>rth Belfast Men's Shed North West region U3AS Out North East People Speak Up Plymouth Music Zone QGCA Scottish Action for Mental Haalth Sight Advice SoLJth Lakes South Chingford Community Library Spark Sporting Memories Foundation St David's Foundation Hospice C8re St Giles Hospice st James Church st Pelei's Hospice St Wilfrid's Hospieè Slorrington Community Partnership Slroudén Park Community Sue Ryder The Denby Dale Centre The Elderly & Disabled Charitable Trust The Fylde Rugby Cornmunity Foundation The Helpful Bureau The Link Visiting Scherne Together Collective Voices of Hope Wakefield Hospice Watford & Three Rivers Trust West Sussex Mind Yoga in Heahhcare Alliance Zayis Raano Totsl Grants £1.000 £1.550 £1.400 £1,500 £1,890 £1,500 £1,434 £1.776 £1,530 £1,493 £592 £2,180 £2,068 £1,210 £1,434 £2,000 £1.080 £1,550 £1,500 £2,000 £1.500 £1,000 £1,250 £498 £971 £1,232 £1,260 £1,540 £1.500 £1,408 £1.500 £1.000 £900 £665 £2.220 £1.776 £801 £1.365 £1.500 £1,000 £1,590 £1,500 £2,000 £1,760 £1,536 £1,200 £1,100 £135,758 1e-