REGISTERED CHARITY NUMBER: 801751
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2023
FOR
THE CAROLE AND GEOFFREY LAWSON FOUNDATION
ESW Limited (Statutory Auditors) 162-168 High Street Rayleigh Essex SS6 7BS
THE CAROLE AND GEOFFREY LAWSON FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Report of the Independent Auditor | 3 | to | 5 |
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Cash Flow Statement | 8 | ||
| Notes to the Cash Flow Statement | 9 | ||
| Notes to the Financial Statements | 10 | to | 16 |
| Detailed Statement of Financial Activities | 17 |
THE CAROLE AND GEOFFREY LAWSON FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2023
The trustees present their report with the financial statements of the charity for the year ended 5th April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Under the Trust Deed, the Trustees may pay or apply the income and, if they shall think fit, the capital of the Foundation to or for such charitable purposes whatsoever at such times and in such manner as the Trustees from time to time think proper. The Trustees consider it appropriate to make grants for these purposes to charitable institutions. The Trustees' policy is to consider appeals from charitable causes with a previous track record covering the welfare of children, relief of poverty, advancement of arts and education.
During the year the Trustees received a substantial number of application for funds. The Trustees awarded grants to 12 (2022:20) charities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the grants awarded amounted to £363,934 (2022: £834,415).
The grants awarded in 2023 are set out in the notes to the financial statements.
FINANCIAL REVIEW
Reserves policy
The Trustees do not consider it appropriate to determine a level for the reserves as the nature of operations does not merit this and it is the intention of the Trustees to progressively distribute the funds.
Total income for the year was £414,579 (2022: £580,017)
The Foundation funds of £9,514,072 at 5 April 2023 (2022: £9,479,712) were represented by investments of £9,208,889 (2022: £9,211,248) and net cash resources of £404,852 (2022: £362,986).
FUTURE PLANS
The Trustees aim to continue to make grants in accordance with their policies and will manage the liquid resources of the Foundation accordingly.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Carole and Geoffrey Lawson Foundation was created by a Trust Deed dated 23 January 1989 and made between The Hon Carole Lawson (deceased) (1), Geoffrey Clive Henry Lawson (deceased) (2) and Harold Ivor Connick (deceased) (3).
The Foundation is registered at the Charity Commissioners with number 801751.
There must at all times be three serving Trustees. The power of appointment of new Trustees vests with the Hon Carole Lawson, as settlor. In the event of the appointment of a new Trustee it is envisaged that the induction process would include meetings with the board and cover governance, investment and grant making policies.
The Trustees meet periodically to decide matters of overall strategy and policy, review the information and consider request for funding and authorise grant awards.
The Trustees have considered the risks which might affect the achievement of the trust's objectives and are satisfied with the systems established to mitigate those risks.
The Trust Deed authorises the Trustees to invest without limitation.
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
801751
Principal address
The Garden House Warren Park Kingston-Upon-Thames KT2 7HX
Trustees
E C S Lawson Mrs D S Lawson D R Haeems
Auditor
ESW Limited (Statutory Auditors) 162-168 High Street Rayleigh Essex SS6 7BS
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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.
Approved by order of the board of trustees on 1st February 2024 and signed on its behalf by:
E C S Lawson - Trustee
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REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE CAROLE AND GEOFFREY LAWSON FOUNDATION
Opinion
We have audited the financial statements of The Carole and Geoffrey Lawson Foundation (the 'charity') for the year ended 5th April 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 5th April 2023 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial 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 audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern 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 to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditor thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in 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 material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE CAROLE AND GEOFFREY LAWSON FOUNDATION
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
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 objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditor 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The charity is subject to numerous laws and regulations that could reasonably be expected to have a material effect on the financial statements. From our general commercial experience and discussion with trustees, we identified the following laws and regulations; the provisions of the charity's trust deed, the Charity Commission, the Charities Act and financial reporting.
Our audit procedures to address potential fraud and non-compliance with laws and regulations included:
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Enquiry of trustees regarding compliance with relevant laws and regulations
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Performance of analytical review to identify unexpected account movements and investigation of variances
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Review of journals
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Inspection of third-party supporting documentation
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Identification and review of transactions with related parties
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud, rather than error, is higher as fraud may involve deliberate concealment, forgery, collusion or intentional misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditor.
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REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE CAROLE AND GEOFFREY LAWSON FOUNDATION
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
ESW Limited (Statutory Auditors) 162-168 High Street Rayleigh Essex SS6 7BS
1st February 2024
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Charitable activities 4 Charitable Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward As previously reported Prior year adjustment 10 As restated TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted fund £ - 414,579 414,579 380,219 - 380,219 34,360 7,155,587 2,324,125 9,479,712 9,514,072 |
2022 Total funds as restated £ 9,774 570,243 |
|---|---|---|
| 580,017 | ||
| 836,348 (1,374) |
||
| 834,974 | ||
| (254,957) 9,734,669 - |
||
| 9,734,669 | ||
| 9,479,712 |
The notes form part of these financial statements
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
BALANCE SHEET 5TH APRIL 2023
| Notes FIXED ASSETS Investments Investments 11 Investment property 12 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 14 Unrestricted funds TOTAL FUNDS |
2023 Unrestricted fund £ 8,889 9,200,000 9,208,889 404,852 (99,669) 305,183 9,514,072 9,514,072 9,514,072 9,514,072 |
2022 Total funds as restated £ 11,248 9,200,000 |
|---|---|---|
| 9,211,248 362,986 (94,522) |
||
| 268,464 | ||
| 9,479,712 | ||
| 9,479,712 | ||
| 9,479,712 | ||
| 9,479,712 |
The financial statements were approved by the Board of Trustees and authorised for issue on 1st February 2024 and were signed on its behalf by:
E C S Lawson - Trustee
The notes form part of these financial statements
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
CASH FLOW STATEMENT FOR THE YEAR ENDED 5TH APRIL 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Dividends received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2023 a £ 41,306 41,306 560 560 41,866 362,986 404,852 |
2022 s restated £ (352,777) (352,777) 351 351 (352,426) 715,412 362,986 |
|---|---|---|
The notes form part of these financial statements
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 5TH APRIL 2023
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Losses/(gain) on investments Dividends received Increase/(decrease) in creditors Net cash provided by/(used in) operations |
2023 a £ 34,360 2,359 (560) 5,147 41,306 |
2022 s restated £ (254,957) (1,374) (351) (96,095) (352,777) |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 6.4.22 | Cash flow | At 5.4.23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 362,986 | 41,866 | 404,852 |
| 362,986 | 41,866 | 404,852 | |
| Total | 362,986 | 41,866 | 404,852 |
The notes form part of these financial statements
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Net rental income arising from the charity's interest in investment property is recognised according to the period to which the rental income relates.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Governance costs comprise all costs involving the public accountability of the Foundation and its compliance with regulations and good practice. The costs include audit fees.
Allocation and apportionment of costs
Support costs are allocated to charitable activities. Governance costs are those support costs which relate to the strategic and day to day management of the charity.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Fixed assets investments
Fixed asset investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are revalued at market value with changes recognised in 'net gains / (losses) on investments' in the SoFA if the shares are publicly traded or their market value can otherwise be measured reliably.
continued...
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023
| 2. DONATIONS AND LEGACIES Donations 3. INVESTMENT INCOME Rents received Other fixed asset invest - FII 4. CHARITABLE ACTIVITIES COSTS Charitable 5. GRANTS PAYABLE Charitable |
Grant funding of activities (see note 5) £ 363,934 |
2023 a £ - 2023 a £ 414,019 560 414,579 Support costs (see note 6) £ 16,285 2023 a £ 363,934 |
2022 s restated £ 9,774 2022 s restated £ 569,892 351 |
|---|---|---|---|
| 570,243 | |||
| Totals £ 380,219 |
|||
| 2022 s restated £ 834,415 |
continued...
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023
5. GRANTS PAYABLE - continued
| Dalaid Great Ormond Street Hospital Children Teenage Cancer Trust Eton College Central Synagogue Nightingale Hammerson Child Bereavement Glyndebourne Productions Charity Medecins Sans Frontieres University of St Andrews World Cancer Research Beit El Baraka The Chicken Soup Shelter Amelie and Daniel Linsey Foundation Climb 2 Recovery Red Balloon Foundation Right To Play UK St George's University Hospital Back Up Trust It's Never You My Active Health CIO (Note 14) Other Donations 6. SUPPORT COSTS Finance Other 3 £ £ Charitable 13 2,358 7. AUDITORS' REMUNERATION Fees payable to the charity's auditor for the audit of the charity's financial statements |
2023 | 2022 | 2022 | ||
|---|---|---|---|---|---|
| £ | £ | ||||
| - | 75,000 | ||||
| 50,692 | 100,500 | ||||
| - | 80,000 | ||||
| - | 165,000 | ||||
| 8,800 | 100,000 | ||||
| 75,000 | |||||
| 25,000 | 27,500 | ||||
| - | 25,000 | ||||
| - | 20,000 | ||||
| - | 25,000 | ||||
| - | 20,000 | ||||
| - | 30,015 | ||||
| 20,000 | 20,000 | ||||
| - | 20,000 | ||||
| 50,000 | - | ||||
| 45,000 | - | ||||
| 50,000 | - | ||||
| 20,000 | - | ||||
| 20,000 | - | ||||
| 20,400 | - | ||||
| 52,292 | |||||
| 1,750 | 51,400 | ||||
| 363,934 | 834,415 | ||||
| Governance costs £ 13,914 2023 £ 4,140 |
as | Totals £ 16,285 2022 restated £ 1,920 |
continued...
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5th April 2023 nor for the year ended 5th April 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5th April 2023 nor for the year ended 5th April 2022.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Charitable Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund as restated £ 9,774 570,243 |
|---|---|
| 580,017 | |
| 836,348 (1,374) |
|
| 834,974 | |
| (254,957) 9,734,669 |
|
| 9,479,712 |
10. PRIOR YEAR ADJUSTMENT
The comparative amounts for the year ended 5 April 2022 have been amended to restate the investment property from acquisition value to fair value.
continued...
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023
11. FIXED ASSET INVESTMENTS
| MARKET VALUE At 6th April 2022 Revaluations At 5th April 2023 NET BOOK VALUE At 5th April 2023 At 5th April 2022 There were no investment assets outside the UK. Cost or valuation at 5th April 2023 is represented by: Cost 12. INVESTMENT PROPERTY FAIR VALUE At 6th April 2022 and 5th April 2023 NET BOOK VALUE At 5th April 2023 At 5th April 2022 |
Listed investments £ 11,248 (2,359) 8,889 8,889 11,248 Listed investments £ 8,889 £ 9,200,000 9,200,000 9,200,000 |
|---|---|
The Foundation holds an 11.35% interest in a hotel and car park situated at Heathrow Airport. The Trustees have estimated the fair value of the interest based upon market specific rental yields published by a UK national commercial real estate consultancy.
continued...
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals and deferred income 14. MOVEMENT IN FUNDS Prior year At 6.4.22 adjustment £ £ Unrestricted funds General fund 7,155,587 2,324,125 TOTAL FUNDS 7,155,587 2,324,125 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 414,579 TOTAL FUNDS 414,579 Comparatives for movement in funds At 6.4.21 £ Unrestricted funds General fund 9,734,669 TOTAL FUNDS 9,734,669 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 580,017 TOTAL FUNDS 580,017 |
2023 £ 99,669 Net movement in funds £ 34,360 34,360 Resources expended £ (380,219) (380,219) Net movement in funds £ (254,957) (254,957) Resources expended £ (834,974) (834,974) |
2022 as restated £ 94,522 At 5.4.23 £ 9,514,072 9,514,072 Movement in funds £ 34,360 34,360 At 5.4.22 £ 9,479,712 9,479,712 Movement in funds £ (254,957) (254,957) |
|
|---|---|---|---|
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continued...
THE CAROLE AND GEOFFREY LAWSON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 6.4.21 £ 9,734,669 9,734,669 |
Prior year adjustment £ 2,324,125 2,324,125 |
Net movement in funds £ (220,597) (220,597) |
At 5.4.23 £ 11,838,197 |
|---|---|---|---|---|
| 11,838,197 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 994,596 (1,215,193 ) (220,597) 994,596 (1,215,193 ) (220,597) |
|---|---|
15. RELATED PARTY DISCLOSURES
During the year, donations of £52,292 were made to My Active Health CIO, a charity in which E C S Lawson is a co-trustee.
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THE CAROLE AND GEOFFREY LAWSON FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Rents received Other fixed asset invest - FII Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Finance Bank charges Other 3 Impairment losses for tangible fixed assets Governance costs Auditors' remuneration Website costs Total resources expended Net income/(expenditure) |
2023 a £ - 414,019 560 414,579 414,579 363,934 13 2,358 4,140 9,774 13,914 380,219 34,360 |
2022 s restated £ 9,774 569,892 351 570,243 580,017 834,415 13 (1,374) 1,920 - 1,920 834,974 (254,957) |
|---|---|---|
This page does not form part of the statutory financial statements
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