Charity registration number 293312 (England and Wales) THE W G EDWARDS CHARITABLE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 THE W G EDWARDS CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5APRIL 2026 The trustees present their annual report and financial slalemenls for the year ended 5 April 2026. The financial ststemenls have been prepared in accordance with the accounting policies sel out in note 1 to the financial stslemenls and Cofllply with the charity's goveming document, the Charities Act 2011 and 'AccDunling and Reporting by Charities.. Slalemenl of Recomrnended Practice applicable to charities preparing their accounts In accordance with the Financial Rèporting Stsndard applicable In the UK and Republic of Ireland IFRS 1021" leffeelive 1 January 20191. Oblectives and actlvlties Although the Trust Deed does not specify any particular beneficiaries, the Trustees have agreed to adopt the following grant making policy statement in order lo reflect more closely the wishes of the late Mr W G Edwards, and have signed a Slalement of Wishes lo this effect".- 'To assist with the provision of care for older people through existing charities, principally wih capital projects but also other innovative schemes for ongoing Care. The Trustees will not assist in the relief of individuals. It is the present intention of the Trustees lo make grants and donations from income. In addition, the aiFllS of the Foundation are'.- il to support as many projects as possible. even if this means smaller individual grants,. ill to donate lo refurbishmenvbuilding projects nearing completion rather than those in the planning stage., iii} to support all kinds of groups of older people", ivl to sponsor individual named items of expendi(ure rather than donate into a pool or unreslricled fund., and vl lo ensure that any funding is properly Spent on those specrfic items sponsored. The objectives for the year are shaped by these aims and applications for grants are invited from a variety ol sources, both new projects and those supported in previous years. As a matter of good practi￿, all potential beneficiaries are asked lo provide budgetslforecasts foi the intended project together with a copy of their lalesl report and accounts. Beneficiaries musl be established registered charities that assist with the care of older people. Individuals cannot be beneficiaries. The Trustees consider that an older person is generally assumed lo be over 65 years of age. bul they wll also look al projects for over 50s. The Trustees have also agreed lo restrict beneficiaries geographically, ie. charities which benefit older people residing within the United Kingdom. In 2016, it was decided that charities which bènefit older people residing in Crown Dependencies may apply. Publlc benefit The Trustees are mindful of the legal reqLJiremenl that all charities musl have charitable purposes which are for the public benefit and are salisfieol that the Foundation fulfils this criteria by being concerned with the relief of the effects of old age in the general public in the United Kingdom. By offering financial assistance to registered charities that assist with the care of older people, the Trustees are relieving the financial burden on the welfare slate to pay for their care and are also helping to provide an improved quality Df life for this sector of the community through variety of projects. There is no membership of the Foundation. no charge for services and no-one receives private benefits from the Foundation. Trustees do not actively seek granl-making opportunities and therefore only respond lo funding requests presented lo them. The Foundation is rep￿sented in the major granl-making trusts yearbooks and online services such as the Directory of Social Change. THE W G EDWARDS CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2026 Charltable actlvltle$ Donations in 2025-2026 were given lo a wide range of Charities which benefit the elderfy These grants We￿ for innovative projects and activities or for capitsl expenditure to purchase items such as chairs, tsbles. kitchen equipment or sports equipment. A variety of music initiatives received funding such as Park Theatre in London, Haslings International Piano in Sussex and Live Music Now Scotland for rts Tea & Tunes project. The Cheer-up Squad in London was granted a donation lor musical inslrumenls. Charities which were given donations for health and fitness classes included Salford Heart Care, B Healthy Together in Scotland and Rochdale Boroughwide Cultural Trust. Women in Sport & Physical Activity based in Northem Ireland received a donation for Illness programmes. A number of charities were given donations towards gardening projects and outdoor equipment includin9 the African Health Policy Netrjork in London, Volunteering Hebrides and Hands of Hope in Sussex. Following the numbering of the additional aims listed above.. il Donations made during the year for charitable purposes amounted lo £129,327 with an average grant size of £1,347. In 2024-2025, the average grant size was £1,400 and in 2023-2024 the average grant sizè was £1,293. A lolal of 96 organisa110115 in 2D25-2028 were successful in obtaining grants from the Foundation for their projects. The majority of unsuccessful applications were for revenue costs, transport or for charities which do not specifically benefit older people. ill A total of £2,733 was granted ID different refurbishment projects this year. iiil Specific groups ol older people have been assisted by the Foundation this year. These include British Wireless for the Blind Fund, Basingstoke & Alton Cardiac Rehabilitation Charity. Arachne Greek Cypriot Women's Group and Friends with Diabetes UK. iv) All grants made were for named items of expenditure. No donations were made into unreslricled or pooled funds. vl Each charity Is asked for feedback on how funding is spent and hc)w projeels progress. Trustees receive an annual feedback report in regard lo projects supported during the year. The Trustees are keen to support projects which wll benefit older people regardless of their location wlhin the UK. The approximate funding percentage split by geographical area is as follows. The following table shows how amounts and locatr'ons differ from year lo year_ THE W G EDWARDS CHARITABLE FOUNDATION TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 5APRIL 2026 Achievements and performance l Area 202412025 202512026 Amount No. of Grants Amount No. of Grants London Home Counties East Anglia South East South West Vvales Midlands North West North Easv Yorkshire Scotland Northern Ireland Nationwide 14,699 4,701 3,581 9,841 13,800 3,540 17,165 14,780 27,646 17.225 3.480 5.300 11% 30 12 22,317 6,690 3,500 12,676 10,982 1,350 4.500 4.426 11,639 42,932 5,565 2,750 17% 7Q 10% 10% 8Q 30 13% 11% 200 13Q 30 4% 1% 30 3% 9Q 33V 40 20 11 11 14 34 135,758 100° 129.327 1000 96 Including the donations made during the year. this brings the lolal amount of donats'ons made by Ire Foundation since its inception lo £5,093,175. There has been a total of 1,496 donations. split as follows Grant Pro ec 202412025 202512026 Total to date New Building Refurbishment Building Purchases Furnilurel Equipment Recreational Outreachl Care Projects IT Projects Homeless Research 1,491.814 850,741 45,000 862,283 626,427 918,881 155,861 26,358 115,810 6,925 2,733 39,791 43,418 41,746 3.878 42.616 44,362 39,618 135,758 129.327 S,093,175 Number of donations 97 1,496 THE W G EDWARDS CHARITABLE FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2026 Financial revlew Flnanclal posltlon The Foundation is reliant on the income from ils investments and has continued to maintain the majority of ils investment in bonds. equities and cash during the year. The continuing aim of the Trustees is to maintain reserves al their current level and lo pay grants out of income and realised surpluses. Investment policy and objectives The investment objective is lo protect the real value of ¢apilal and provide a specified In￿Me largel in excess of £120,000. The income received over the year 2025-26 was £154,327. On 5 April 2028 the Foundation's portfolio market value was £3,824,280 and on 5 April 2025 the Foundation, portfolio market value was £3,494,507. The Trustees meet al least annually with the investment manager to discLJSS the performance of investments and to review the portfolio allocation and targets. Plans for future periods The Trustees will continue lo.. al adhere lo the current policy slalemenl., bl recognise the individual rights of the DILter person and offer financial aid lo projects pul forward by registered charities that aim to improve the lives of older people. These may include building projects in homes for the elderly or day centres, but also projects focusing on mental or physical health, personal safely, elder abuse. providing practical help, recreational activities etc., cl support research projects which will directly benefit older people., dl allocate as much income as possible lo such projects, withholding only a minimum sum lo cover annual expenses", el consider each application on its own merit. bLJI giving preference to projects which directly benefit older people rather than groups which may contain some older people eg. disabled. hard of hearing etc., n obtain feedback from successful applicants lo ensure that funding is spent on the resource for which it was intended and ascertain the success of the project wherever possible as a guide to future granlmaking., gl ensure that investments made on the Foundation's behalf are both prudent and socially responSi￿e whilst maximising income potential and capital growth., and h) maintain reserves al the current level, paying grants from income and realised surpluses. Structure, governance and management The charity Is controlled by ils governing document, a deed of trust. and constilules an unincorporated charity. The trustees who served during the year and up lo the dale of signature of the financial ststemenls were.. Mr WJ Mackie MrA Mackie Charlty constitutlon The W G Edwards Charitable Foundation is constituted under a trust deed, which was executed on 26th September 1985 following the death of Wlliam George Edwards on 27th November 1984 and established by his will The trust deed lays down that the trust fund, together with the income therefrom. shall be used for the benefit of such charitable purposes or activities as the Trustees shall d1￿Cl. Initially the Foundation's assets were shares In Mr Edwards, property company bul these were sold in 2001 and the proceeds invested by fund managers lo provide 8n annual income which Could be used in charitable donations by the Foundation, as well as provide capital growth. The Foundation does not undertake any fundraising aclivilies. THE W G EDWARDS CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2026 Recruitment and appointment of new trustees Trustees are appointed by election by the Board of Trustees. The chairperson is elected annually. The Trustees have discretion to appoint new Trustees whenever they feel il appropriate and these rnay be drawn fri)n family member5 or professionals with specific knowledge of the needs of older people. Decision maklng The Trustees consider giant applications quarterly and investments, policies, reserves and risk rnanagemenl annually. Day to day admini51r8tion, in addition lo the processing and handling of 8ppliGations prior lo Consideration by the Trustees, is carried out by the secretary to the Trustees. Induction and tralnlng of new trustees New Trustees are provided with a brief history of the Foundation, a copy of the trust deed. copy Minutes, Report and Accounts for the previous three years together with a copy of the Charity Commission's Th8 Essential Trustee.. What You Need to Know. Risk management The Trustees have examined the principal areas of the charity's operations and identified the major risks lo which the Foundats'on 15 exposed. The Trustees have established systerns to mitigate these risks and review these regulady- both formally al the AGM and informally during the year. The Trustees consider that the major ri3k lo the charity is loss of income from investments and continue to monitor this closely wlh the fund managers. Ststsrnent of trustees. responsibilitles The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Aecounling Practice). The trustees, report was approved by the Board of Trustees. Mr WJ Mackie Chair of Trustse$ THE W G EDWARDS CHARITABLE FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE W G EDWARDS CHARITABLE FOUNDATION Oplnlon We have 2udiled the financial staternents of The W G Edwards Charitable Foundation Ilhe 'charity'l for the year ended 5 April 2026 which comprise the statement of financial aclivilies, the balance sheet and notes lo the financial slalemenls, including significant a¢counling policies. The financial 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 the UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Praclicel. In our opinion, the financial stalemenls.. give a Ifue and fair view of the stale of the charity's affairs as at 5 April 2026 and ol ils incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United lQ'ngdom Generally Accepted Accounting PracticB', and have been prepared in accordance with the Charities Act 2011. Ba$1$ for opinion We conducted our audit in accordance wlh Inlemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilrties for the audit ol the financial slalements section of our report. We are independent Df the charity in accordance wth the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfi'lled our other elhi¢al responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the fin8ncial slalemenls, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements Is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubt on the charity's ability lo continue as a going concern for a period of al least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant sèctions of this report. Other Informatlon The other information comprises the information included in the annual report other than the fina￿la1 statements and our audito¢s report Ihereon. The Iruslees are ￿spOnSible for the other information contained within the annual report. Our opinion on the financial slalements does not cover the other information and we do nol express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other inlomiation Is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise 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 malerval misslalemenl in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there is material misstalemenl of this other information. we are required lo report Ihat fact. INe have nothing to report in this regard. Matters on which we are required to report by exceptlon We have nothing lo report in respect of the following matters in relation lo which the Charities (Accounts and Reports) Regulations 2008 requires us lo report lo you if. in our opinion.. the information given in the financial stslemenls is inconsislenl in any material respect with the Iruslees, report", or sufficient accounting records have not been kept,. or the financial slalemenls are not in agreement with the accounting records", or we have not received all the information and explanations we require lor our audit. THE W G EDWARDS CHARITABLE FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE W G EDWARDS CHARITABLE FOUNDATION Responslblllties of trustees As explained more lully in the slalement of Iruslees, responsibilities, the Iruslees are responsible for the preparation of the financial stslemenls and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial slalernenls that are free from material misslalèment, whether due lo fraud or error. In preparing the financial slalements, the Iruslees are responsible for assessing the charrty's abilty lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of aecounting unless the trustees either intend to cease cperations, or have no realistic allernalive but to do so. Auditorfs responslbllltles for the audlt of the financial ststsments We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objèctives are lo obtain reasonable assurance about whether the financial statements as a Who￿ are free from material misstatement, whether due lo fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit Conducted In accordance with ISAS IUKI will always delecl a material misslalemenl when il exists. Misstatements can arise from fraud or error and are considered material if. individually or in the agg￿gate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slalements. The extent lo which our procedures are capable of delecling irregularities, including fraud, is detailed below. The risk of rnalerial misstslemenl due to error or fraud has been assessed in conjunction wth how internal Controls may mitigate any such risk. These controls are reviewed as part of the audit by perfomiing systems walkthroughs lo ensure they are operating effectively. Analytical review and subslanlive lesling is also perforrned on all material balances and therefore any instances of non-compliance should be identified or Considered as Insignificant. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team.. obtained an understanding of the nature of the industy and sector, including the legal and regulaory framework. in which the charity operates and how the charity complies with that legal and regulatory framework inquired with management and those charged wth governan￿ about their own idenlificalion and assessment of the risks of irregularities, including any know a¢iLJal. suspected or alleged instances of fraud discussed with management and those charged wth governance any non-conpliance with laws and regulations and how fraud might occur including assessrnenls of how and where the financial slalements may be susceptible lo fraud. The risk of management override of controls was also considered an area of potential misststement due lo fraud. Audit procedures performed included lesling ol manual journal entries and other adjustments and evaluating the business rationale in relation lo significant, unusual transactions 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.'Il www.frc.org.uklauditorsresponsibilities. This descripb.on fomis part of our auditor's report. Oth&r mattgrs Your attention is drawn to the fact that the charity has prepared financial slalements in accordance with "Accounting and Reporting by Charities. Statement of Recommended Practice applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" las amended) in preference to the Accounting and Reporting by Charities.. Slalement of Recommended Practs"ce issued on 1 April 2005 which is referred lo in the extant regulations bul has now been wthdrawn. This has been done in order for the financial statements lo provide a true and fair view in accordance wlh current Generally Accepted Accounting Practice. THE W G EDWARDS CHARITABLE FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE W G EDWARDS CHARITABLE FOUNDATION Use of our report Thi5 report is rnade solely lo the charity's Iruslees, as a body, in accordanee with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the charity's Iruslees those rnatters we are required to slate lo them in an auditor's report and for no other purpose. To the fullest exlenl peimitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Iruslees as a body, for our audit work. for this report, Dr for the opinions we have formed. Robson Laidler Accountants Llmited statutory Auditor Fernwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear England NE2 1TJ Robson Laidlei Accounlanls Limited is eligible for appointment 88 auditor of the charity by virtue of ils eligibility for appointment as auditor of a cornpany under section 1212 of 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 2026 Unrestrlcted Unrestrictsd fund$ funds 2026 2025 Notes Investments 154,327 154,728 Raising funds 9,288 9,066 Charitsble actiwties 145,178 150,548 Total gxpenditure 154,466 159.614 Net gainslllossesl on investments 344,086 1233,2841 Net movemgnt in funds 343,947 1238,1701 Fund balances at 6 April 2025 3,551,063 3,789,233 Fund balancos at 5 April 2026 3.895.010 3,551,063 The stslement of financial activities includes all gains and losses re¢ognised in the year. The statement of financial activrf(ies includes all gains and IDsse5 tecognised in the year. All incomè and expenditure derive from continuing activities. THE W G EDWARDS CHARITABLE FOUNDATION BALANCE SHEET AS AT 5 APRIL 2026 2026 2025 Not9$ Flx&d assgts Tangible assets Investments 10 11 891 3,824,280 3,494,507 3,825,171 3,494,515 Current assets Cash at bank and in hand 77,109 61,660 Creditors- amounts falling due wlthln one year 12 {7,2701 15,1121 Nel current assets 69,839 56.548 Total assets less current liabilities 3,895,010 3,551,063 Income funds Un￿strIcted funds 3,895,010 3,551.063 3.895,010 3,551,063 The financial stalernenls were approved by the Trustees on Mr WJ Mackie Chair of Trustees 10- THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 Accounting poli¢les Charity infomatlon The W G Edwards Charitable Foundation is an unincorporaled charity Icharily number." 2933121. 1.1 Accounting convention The financial staterllenls have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 'The Financial Reporb'ng Standard applicable in the UK and Republie of Ireland" I'FRS 102.1 and the Charities SORP Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not lo prepare a Slalffnent ol Cash Flows. The financial slalements are prepared in sleding, which is the functional currency of the charity. Monetary amounts in these financial slalements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of fixed asset investments al fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial stalemenls, the trustees have a reasonable expectation that the charity has adequate resL)urces lo continue in operational existence for the foreseeable future. Thus the Iruslees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Iruslees in fijrtherance of their charitsble objectives. Reslricled fLJnds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are sel out in the notes lo ltte financial slalemenls. 1.4 Income Income is recognised when the charity is legally enlilled lo it after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be received. 1.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer e￿noMiC benefrt to a third paty, il is probable th81 a transfer of economic beneftts wi51 be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of d￿r￿t costs and shared costs, including support costs involved in undertaking each activity. Direct costs attr1bUtat￿e lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned bebNeen those activities on a basis consislenl wlh the use of resources. Depreciation charges are allocated on the portion of the as5è1's use. THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2026 Accounting policies (Continued) 1.6 Tanglblo fixad assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, nel ol depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Computers 330k on cost The gain or loss arising on the disposal of an asset is determined a5 the difference be￿een the sale proeeeds and the carrying value of the asset, and is recognised in the statement of financial aclivilies. 1.7 Fixed asset Investments Fixed asset investments are initially measured al transaction price excluding transaction costs. and are subsequently measured al fair value at each reporting dale. Changes in lair value are recognised in net incomellexpendilurel for the year. Transaction ¢osls are expensed as incurred. 1.8 Impairrnent of fixed assets Al each reporting end dale. the charity reviews the carrying amounts of ils tangible assets lo deterrnine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the iecoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif anyl. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held al call wth banks, other short-lerm liquid inveslmenls with original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown within borro¥Mngs in current liabilities. 1.10 Taxation The Gharty is exempl from lax on its charitable activities. Income from Inv9$tments Unrestdcted Unrgstrictad funds funds 2026 2025 Income from listed investments Interest receivable 154,040 287 154,427 301 154,327 154,728 12- THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 5 APRIL 2026 Raising funds Unrestricted Unreslricled funds funds 2026 2025 Investment managers fees 9,288 9,066 9.288 9,066 Expendlture on charitable activities Grant Making 2026 Grant Making 2025 Direct costs Depreciation and impaimient Bank charges 216 36 14 216 50 Grant funding of activities (see note 51 129,327 135,758 Share of support and governance costs (see note 61 Support Governance 12.645 2.990 11,915 2,825 145,178 150,548 Analysls by fund Unrestricted funds 145,178 150,548 Grants payable Grant making Grant making 2026 2025 Grants lo inslitulions.. Furniture l Equipment IT l Te¢h Outreach Recreation Refurbishment 42,616 39,791 3,878 42,746 42,418 6,925 39.616 44,362 2,733 129,327 135,758 13 THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 5 APRIL 2026 Support costs allocatod to activities 2026 2025 Adminislralive expenses Administration lees IT Costs Govemance costs 1,070 10,005 1.570 2,990 1,099 9,616 1,200 2,825 15,835 14,740 Analysed befvdeen.. Grant Making 15,635 14,740 Not movement In funds 2026 2025 The net movement in funds is slated after chargingllcreditingl.. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 2,990 216 2.825 36 Trustees None of the Iruslees received any remuneration or benefrts from the charity during the year. Taxation The charty is exempl from taxation on ils activities because all ils income is applied for charitable purposes. 10 Tangible fixed assets CornputErs Cost Al 6 April 2025 Additions 1,009 1,099 Al 5 April 2026 2,108 Depreclatlon and Impairment Al 6 April 2025 Dep￿ciatIOn charged in the year 1,001 216 Al 5 April 2026 1,217 Carrying amount Al 5 April 2026 891 Al 5 April 2025 14- THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2026 11 Flxed asset investments Listed Investment5 Cost or valuation At 6 April 2025 Valuab'on changes Disposals 3,494.507 344,086 114,3131 At 5 April 2026 3,824,280 Carrying amount At 05 April 2026 3,824,280 At 05 April 2025 3,494,507 12 Creditors- amounts falllng due within one year 2026 2025 A¢¢ruals and deferred income 7,270 5,112 13 Unre$trf¢ted funds The unreslricled funds of the charity cornprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds whieh have been sel aside out of unre51ricled funds by the trustees for specific purposes. At 6 Aprll 2025 Incomlng resources Resources expended Gains and losses At S Aprll 2026 General funds 3,551,063 154,327 1154,4661 344,086 3,895,010 Prevlous year: At 6 Aprll 2024 Incoming resources Resources expendod Gains and losses At 5 Aprll 2025 General ftjnds 3,789,233 154,728 1159.6141 1233,284} 3,551,063 15- THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2026 14 Grants payable The followng grants were paid during the financial year.. Henfield & District Self Help Group Royal Hospital Chelsea St Clare Hospice The Cow Shed The Open Door Edinburgh Volunteering Hebrides African Health Policy Network Barmulloch Community Development Co Big Hearts Community TrLJSt Hands of Hope Hastings International Piano Karis Neighbour Scheme Park Theatre Pleasance Theatre Porchfield Princess Alice Hospi Salford Heart Care Abbeyview Day Centre Cobhair Bharraigh Project 31 The Birks Cinerna Trust Toynbee Hall African Smile B Healthy Together Crossfire Ttusl DaSH Disablement Assoc of Barking & Dagenham Duffryn Community Link Friends of Howwood Park Goan CommLJnity Assoc Golden-oldies Charity Lairg & District Community Initiatives London Borough Hounslow Swim Club NewentAssoc for the Disabled Northumberland Touring Co Roar Connections for Lrfe Rochdale Boroughwide Cultural Trust Scalloway Youth & Community Centre The Parson Cross Community Development Forum The Conservation Volunteers Cumbernauld Action lor Care of the elderly Basingsloke & Alton Cardiac Rehab Charity British Wireless for the Blind Cranhill Development Trust Gracious Street Melhodisl Church North Glasgow Community Food Initiative Pelsall Community Assoc People Relief Support Perth & Kinross Assoc of Voluntary Service Perth & Kinross Society for the Blind £2.208 £1.480 £1.446 £1,500 £1.450 £965 £1.410 £1,920 £1,500 £1,200 £1,450 £1,500 £1,000 £1,500 £1,500 £1,500 £1,500 £1,283 £481 £1,125 £1,480 £1,165 £640 £1,100 £1,500 £1,126 £1,300 £1,350 £959 £1,500 £828 £1,464 £1,730 £1,000 £1,175 £1,500 £1,353 £900 £1.440 £1,250 £1,030 £1,300 £1,500 £1.100 £1,481 £1.500 £1.426 £1.000 £1,500 £1,411 16- THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2026 16 Grants payable- continued Simply Limitless The Creich, Croi¢k and Kin￿rdIne District Day Care Assoc The Fair Play Foundation 3food4u Association of Carers Cailhness Voluntary Group Communities Connected Desliny HoLJse International Gloucesler5hire Academy of Music Hanley Crouch Community Assoc Live Music Now Magic Me Rainbow Serwces stanley Development Trust The Men of Leilh East Sussex Vision Support The Vine Community Centre Access Community Trust Age UK Newcastle & North Tyneside Age UK Sheppey Engage with Age Friends with Diabetes Leeds Involving People Moffal & District Reminiscence Leaming Snainlon Village Hall The Cheer-up Squad Arachne Women's Support Bealroute Arts Bimarn Arts Bosnia & Herzegovina UK Nework Cassilloun Trust Dressabilily Dunster Festival Kingsbridge Age Concem Lewsham Churches Care Manorcornmunity Transport Music24 National Centre for Writing Rowan Alb8 Shapeshifter Productions Shefield Hospitals Charity Sidmoulh Voluntary Services The Killie Community UNACC WISPA £1.500 £1,350 £1,500 £1,440 £1,428 £1,193 £1,500 £1,500 £1,468 £1,500 £1.220 £1,500 £1.000 £1,500 £1,600 £1,890 £1,500 £2,000 £1,410 £1,500 £1.285 £1.500 £1.290 £450 £1.600 £1.050 £1,538 £1,500 £945 £1,370 £1,500 £1,050 £770 £1,500 £1,316 £1,600 £1,000 £1,304 £1,500 £1,500 £1,500 £1.440 £1,200 £1.460 £1.454 £1,280 £129,327 17- THE W G EDWARDS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2026 16 Related party transactlons Transa¢tJons with related parties During the year the charity entered into the following transactions with related parties.. During the year fee5 lotaling £10,005 12025". £9,616) were paid lo Mrs T Mackie for adminislralion services provided. Mrs Mackie is the wife of Mr WJ Mackie a Trustee of the Charity. The Trustees are aware of the necessary guidan￿ on transactions wf(h related parties. 18- robson-laidler.co.uk Fernwood House, Fernwood Road, Jesmond Newcastle, NE2 1TJ ## W G Edwards Charitable Foundation Audit Findings Report for the year ended 05 April 2026 Meeting date: 9 July 2026 Strictly Private & Confidential 1 ## Contents |**_Contents_**|**_2_**| |---|---| |**_Overview_**|**_3_**| |**_Financial review_**|**_4_**| |**_Identified audit risk areas_**|**_5_**| |**_Controls review_**|**_5_**| |**_Materiality and unadjusted errors_**|**_6_**| |**_Your accounting policies_**|**_6_**| |**_Other Audit Areas_**|**_6_**| |**Transactions with related parties**|**6**| |**Fraud or error**|**6**| |**Going concern**|**6**| |**Laws and regulations**|**6**| |**Post balance sheet events, capital commitments or contingent liabilities**|**7**| |**_Proposed audit opinion_**|**_7_**| |**_Upcoming regulatory and accounting standard changes_**|**_7_**| |**_Notes from Meeting_**|**_7_**| |**_Declaration_**|**_7_**| 2 ## Overview ## **Introduction** This report is prepared solely for the confidential use by W G Edwards Charitable Foundation. This report may not be made available to any third party, in whole or in part, without our express permission. Our Audit Findings Report highlights the key findings from the audit of the financial statement of W G Edwards Charitable Foundation in relation to the year ended 05 April 2026. Our audit was carried out in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law with the purpose of expressing an opinion on the financial statements. Our findings detailed in this report relate to those matters discovered during our normal audit procedures which are designed primarily for the purpose of expressing an opinion on the financial statements. Our audit work should not be relied upon by management to disclose all irregularities that may exist or to disclose errors that are not deemed material to the financial statements. **ISA 260 (Revised) Communication with Those Charged with Governance** Under ISA 260 (Revised) Communication with Those Charged with Governance, if we consider that there are any relationships between Robson Laidler Accountants Limited and W G Edwards Charitable Foundation which we consider a threat to our independence, we are required to point these out to you and set out how we have addressed these threats. The threats to independence we have identified and how we have addressed them are shown below: - |**Ethical threat**|**How we have dealt with this**| |---|---| |We have prepared your accounts in a
statutory format as well as audited them|An independent qualified accountant unconnected
with the audit team has reviewed our accounts
work. In addition, we ensure that you agree and
sign off any adjustments to your accounts.| We consider the safeguards that we have adopted above have mitigated any risk to our independence and that an informed third party would conclude that we had not in any respect been involved in management’s decision-making process. ## **Management letter** This report is prepared in place of an audit management letter and includes all matters that we are required to communicate to you. 3 ## Financial review A summary of the financial information is presented below ## **Statement of Financial Activities** ||**2026**|**2025**|**Narrative**| |---|---|---|---| ||**£**|**£**|| |Turnover|154,328|154,728|Income generated through investments
has remained consistent.| |Cost of Raising Funds|9,288|9,066|Consistent and in line with the value of the
portfolio.| ||||Small reduction in total value of grants| |Charitable expenditure|145,179|150,548|paid – minutes note that that smaller value
grants will be paid to more charities this| ||||year.| |Surplus / deficit prior to
investment gains or losses|(139)|(4,866)|Charity effectively operating at break even
position with all costs in the year covered
by the dividend income.| |Net gains/(losses) on|||Investment revaluation is dependent on| |investments|344,086|(233,284)|market performance in the year.| |Net movement in funds|**343,947**|**(238,170)**|| |**Balance sheet**|||| ||**2026**|**2025**|**Narrative**| ||**£**|**£**|| |Fixed assets|891|8|New laptop purchased| |Investments|3,842,280|3,494,507|One off valuation of investments held at 5
April 2026.| |Cash|77,109|61,660|Increase in capital account alongside a
decrease in grants paid.| ||||Accruals consistent with prior years –| |Creditors due within 1 year|(7,280)|(5,112)|additional creditor in relation to unpaid| ||||donation.| |Net assets|**3,895,010**|**3,551,063**|All funds are unrestricted.| 4 ## Identified audit risk areas The below is a summary of the significant risks identified during the audit planning, the work we completed on those risk areas and the conclusions we reached. Significant risks are those risks identified which are towards the upper end of the spectrum of inherent risk due to the likelihood and magnitude of potential misstatement should that misstatement occur or are those required to be deemed significant risks due to the requirements of the ISA’s (UK). ## 1. _**Risk: Management override:**_ Under current auditing standards, there is always a presumed risk of material misstatement from management override of controls. _**Audit procedures**_ : Review of accounting entries deemed to be large or unusual. Review of accounting estimates for management bias. Review or Trustee meeting minutes and controls over bank payments. _**Conclusion**_ : No indication of management override noted. ## _**2. Risk: Revenue recognition**_ Auditing standards require that revenue recognition be deemed a presumed audit risk. _**Audit procedures**_ : Testing of completeness, accuracy and cut-off of income by recalculating expected dividends against those recorded by the investment managers. _**Conclusion**_ : No material errors noted in relation to completeness, accuracy and cut-off of income. ## Controls review As part of our audit work, we review the internal control procedures operated by the charity. The following observations were noted: |**Area**|**Threat**|**Observation**|**Recommendation**| |---|---|---|---| |Management
override|Currently all records
are maintained on
Excel spreadsheets
and not available for
Trustee review.|The charity records are
maintained on Excel. The
Charity Commission
generally advises the use
of bookkeeping software
when maintaining the
charity records.|Given the size and
complexity of the charity we
do not consider this to be a
significant control weakness.
In general bookkeeping
software does allow
Trustees to have better
access to the financial
records should they deem
that necessary.| 5 ## Materiality and unadjusted errors Materiality is the auditor’s way of assessing whether an error in a set of accounts is significant enough to impact on the view a user of the accounts has of your financial position. Material errors affect the view a user of the accounts would have, whereas immaterial errors make no difference to that view. For this assignment we have used a materiality of **£35,625** . We have also treated any errors we have noted under **£1,800** as trivial and not reported them to you. No unadjusted errors have been recorded. ## Your accounting policies As part of our audit procedures, we consider whether your accounting policies are appropriate to the charity’s circumstance and consistently applied. If there are alternative accounting policies that could be applied in your circumstances, we point these out to you to consider. We believe that all your accounting policies are appropriate to the charity and correctly applied ## Other Audit Areas ## Transactions with related parties As auditors we review transactions with related parties and ensure they are correctly disclosed in the accounts. We consider trustees, key management and associated persons as being the related parties of the charity. As detailed in note 16 to the accounts, we have disclosed payments made to Mrs T Mackie as a related party transaction. Outside of the current disclosures to the accounts, are any additional disclosures required in relation to transactions with any other such parties? None noted Where payments are made to the wife of a trustee, we would advise that the trustee involved should not take part in any discussions around these payments and that should also be noted in the relevant trustee meeting minutes. ## Fraud or error We have not discovered any fraud or error as part of our audit procedures. Have you or any of the trustees discovered any fraud or any errors in your accounts? None noted ## Going concern As trustees, when you sign off the accounts you are confirming that you consider the charity has sufficient resources to continue to operate as a going concern for at least 12 months from the date the accounts are approved. Are you aware of any issues that may affect the charity’s ability to continue as a going concern. ## Laws and regulations Are you aware of any breaches of any of the key laws or regulations that the charity operates in? None noted 6 ## Post balance sheet events, capital commitments or contingent liabilities A post balance sheet event is a significant event that has happened to the charity since the year end, such as a material fraud. A capital commitment is a commitment made at the yearend to spend a material amount of money on new assets or other agreements. A contingent liability is any uncertainty that may cause the charity to suffer a material cost in the future, such as a legal case. Are there any of these to report? Nothing to report ## Proposed audit opinion Subject to any material points noted above being addressed then it is our intention to issue an unqualified or clean audit report. ## Upcoming regulatory and accounting standard changes **Charity SORP 2026** : an updated Charity SORP was released on 31[st] October with the changes effective for accounting periods beginning on, or after, 1 January 2026 (unless early adoption is chosen). The main accounting changes are to bring the SORP in line with the revised accounting for leases and revenue. Other changes relate to the introduction of a new tier system for determining charity size and reporting criteria, along with additional disclosures necessary in the trustees’ report. We will advise on these areas in due course. **Charity audit threshold** : recent announcements have also confirmed an increase in the charity audit threshold. With effect from 30 September 2026 an audit will be required for charities with a gross annual income of £1.5m (up from £1m) or asset value of £5m (up from £3.26m) for charities with income in excess of £500k (up from £250k). ## Notes from Meeting It was noted that, ignoring the movement in the investment, year or year the charity gives out about the same as they received in with funding. Much of the movement in the accounts is in relation to the fluctuating value of investments. There was very little to note in regard to controls and risk areas, and nothing was found during the audit that needed to be brought to your attention. ## Declaration The trustees of W G Edwards Charitable Foundation confirm that they have reviewed the above Audit Findings Report and that to the best of their knowledge: - All points discussed with the representatives of the charity in the meeting detailed above are considered accurate. - All errors adjusted have been discussed and agreement reached that adjustment is deemed necessary. - All unadjusted errors identified have been discussed and agreement was reached that no adjustments to the financial statements were deemed necessary. Signed on behalf of the trustee ……………………………………… Date ……………………………. 7