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2025-04-05-accounts

REGISTERED CHARITY NUMBER: 801751

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2025

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 2025

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 2025

The trustees present their report with the financial statements of the charity for the year ended 5th April 2025. 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 17 (2024: 21) charities.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year the grants awarded amounted to £373,001 (2024: £401,540).

The grants awarded in 2025 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 £465,527 (2024: £458,892).

The Foundation funds of £9,652,499 at 5 April 2025 (2024: £9,567,730) were represented by investments of £9,207,871 (2024: £9,209,419) and net cash resources of £543,936 (2024: £459,380).

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.

Page 1

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2025

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

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 17th September 2025 and signed on its behalf by:

E C S Lawson - Trustee

Page 2

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 2025 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:

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:

Page 3

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:

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.

Page 4

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

17th September 2025

Page 5

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Charitable
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
2025
Unrestricted
fund
£
27,501
438,026
465,527
380,758
84,769
9,567,730
9,652,499
2024
Total
funds
£
27,109
431,783
458,892
405,234
53,658
9,514,072
9,567,730

The notes form part of these financial statements

Page 6

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

BALANCE SHEET 5TH APRIL 2025

2025 2024
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Investments
Investments 10 7,871 9,419
Investment property 11 9,200,000 9,200,000
CURRENT ASSETS 9,207,871 9,209,419
Cash at bank 543,936 459,380
CREDITORS
Amounts falling due within one year 12 (99,308) (101,069)
NET CURRENT ASSETS 444,628 358,311
TOTAL ASSETS LESS CURRENT
LIABILITIES 9,652,499 9,567,730
NET ASSETS 9,652,499 9,567,730
FUNDS 13
Unrestricted funds 9,652,499 9,567,730
TOTAL FUNDS 9,652,499 9,567,730

The financial statements were approved by the Board of Trustees and authorised for issue on 17th September 2025 and were signed on its behalf by:

E C S Lawson - Trustee

The notes form part of these financial statements

Page 7

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 5TH APRIL 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by 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
2025
£
83,984
83,984
572
572
84,556
459,380
543,936
2024
£
53,967
53,967
561
561
54,528
404,852
459,380

The notes form part of these financial statements

Page 8

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 5TH APRIL 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Losses/(gain) on investments
Dividends received
(Decrease)/increase in creditors
Net cash provided by operations
2025
£
84,769
1,548
(572)
(1,761)
83,984
2024
£
53,658
(530)
(561)
1,400
53,967

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 6.4.24
£
Cash flow
£
At 5.4.25
£
Cash at bank 459,380 84,556 543,936
459,380 84,556 543,936
Total 459,380 84,556 543,936

The notes form part of these financial statements

Page 9

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025

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...

Page 10

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

2. DONATIONS AND LEGACIES

Donations
3.
INVESTMENT INCOME
Rents received
Other fixed asset invest - FII
2025
£
27,501
2025
£
437,454
572
438,026
2024
£
27,109
2024
£
431,222
561
431,783
4.
CHARITABLE ACTIVITIES COSTS
Charitable
5.
GRANTS PAYABLE
Charitable
Grant
funding of
activities
(see note
5)
£
373,001
Support
costs (see
note 6)
£
7,757
2025
£
373,001
Totals
£
380,758
2024
£
401,540

continued...

Page 11

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

5. GRANTS PAYABLE - continued

Great Ormond Street Hospital Children
Teenage Cancer Trust
Nightingale Hammerson
Child Bereavement
The Chicken Soup Shelter
Climb 2 Recovery
Faith In Action
Right To Play UK
Glyndebourne Productions Charity
Move Charity
St Catherines School
My Active Health CIO (Note 14)
Face Everything and Rise
London Business School
British Friends
The Back-Up Trust
UKLFI Charitable
Cystic Fibrosis Trust
Kids for Kids
Refugee Cycling
New Israel Fund
The Jewish Aid
The Roundhouse Trust
UK Friends of Yad
Other Donations
6.
SUPPORT COSTS
Finance
Other 3
£
£
Charitable
35
1,548
7.
AUDITORS' REMUNERATION
Fees payable to the charity's auditor for the audit of the charity's financial
statements
2025
£
-
2024
£
52,374
25,000
-
25,000
15,000
-
25,000
40,000
25,000
38,000
33,121
1,450
20,000
25,000
45,000
30,000
10,000
-
-
-
-
-
-
-
15,430
55,000
20,000
25,000
17,500
50,000
-
-
-
-
-
10,800
30,000
25,000
15,000
-
-
10,000
15,000
10,000
10,000
15,000
10,000
10,000
20,866
373,001 401,540
Governance
costs
£
6,174
2025
£
4,200
Totals
£
7,757
2024
£
4,200

continued...

Page 12

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 5th April 2025 nor for the year ended 5th April 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 5th April 2025 nor for the year ended 5th April 2024.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
10.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 6th April 2024
Revaluations
At 5th April 2025
NET BOOK VALUE
At 5th April 2025
At 5th April 2024
Unrestricted
fund
£
27,109
431,783
458,892
405,234
53,658
9,514,072
9,567,730
Listed
investments
£
9,419
(1,548)
7,871
7,871
9,419

There were no investment assets outside the UK.

continued...

Page 13

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

10. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 5th April 2025 is represented by:

Cost
INVESTMENT PROPERTY
FAIR VALUE
At 6th April 2024
and 5th April 2025
NET BOOK VALUE
At 5th April 2025
At 5th April 2024
Listed
investments
£
7,871
£
9,200,000
9,200,000
9,200,000

11. INVESTMENT PROPERTY

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.

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income
13.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
At 6.4.24
£
9,567,730
9,567,730
Incoming
resources
£
465,527
465,527
2025
£
99,308
Net
movement
in funds
£
84,769
84,769
Resources
expended
£
(380,758)
(380,758)
2024
£
101,069
At
5.4.25
£
9,652,499
9,652,499
Movement
in funds
£
84,769
84,769

continued...

Page 14

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 6.4.23
£
Unrestricted funds
General fund
9,514,072
TOTAL FUNDS
9,514,072
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
458,892
TOTAL FUNDS
458,892
A current year 12 months and prior year 12 months combined position is as follows:
At 6.4.23
£
Unrestricted funds
General fund
9,514,072
TOTAL FUNDS
9,514,072
Net
movement
in funds
£
53,658
53,658
Resources
expended
£
(405,234)
(405,234)

Net
movement
in funds
£
138,427
138,427
At
5.4.24
£
9,567,730
9,567,730
Movement
in funds
£
53,658
53,658
At
5.4.25
£
9,652,499
9,652,499

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
£
924,419
924,419
Resources
Movement
expended
in funds
£
£
(785,992)
138,427
(785,992)
138,427

continued...

Page 15

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025

14. RELATED PARTY DISCLOSURES

During the year, donations of £1,450 (2024: £10,800) were made to My Active Health CIO, a charity in which E C S Lawson is a co-trustee.

Page 16

THE CAROLE AND GEOFFREY LAWSON FOUNDATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025

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
Gains/(losses) on investments
Governance costs
Auditors' remuneration
Legal and professional fees
Total resources expended
Net income
2025
£
27,501
437,454
572
438,026
465,527
373,001
35
1,548
4,200
1,974
6,174
380,758
84,769
2024
£
27,109
431,222
561
431,783
458,892
401,540
23
(529)
4,200
-
4,200
405,234
53,658

This page does not form part of the statutory financial statements

Page 17