RF.GISTERED CHARI'I'Y NUMlllI R: 1000.$74
R¢port of tlie Ti'ustee5
Unaudited FinanciAI StAtenients
for the YeRI' Ended 5 Aprll 2022
for
MICHALL DAVICIS CHARITABLE SE￿LLMENT

MICIIAEI L J)AVIES CHARITABLE SLIl"I'LEMENT
Contcntb (bf the FinAliti￿] Stllteijieiits
foi. tlie yeai. eiide(15 Api'il 2022
Pige
Ileferencc #nd AdministrAtive Detai15
Report of the Ti'ust¢es
Inilependeiit ExAminer'5 Report
Statetnetit of FinaTLcial ActLVIti¢s
Balanec Sheet
Note$ to the FinAnciRI Statements
DetAil¢d Statement of Financial Actlvitl¢$
10

MICHAEL DAVlbS CTrIARITABLE SF.TTLEMEIYT
Refereiice aijd Ailtnithistl'Rtive Detail$
fui. tlit ycAI' eniled 5 Ai?ril 2022
M Dayies
K A Hawkill5
Principal addi'¢ss
No 9 Lytton Close
London
N2 ORH
R¢gistered charity number
1000574
IELdependent exarninei.
Haines Watt5
Chartered Accountants
New Derwent House
09-73 Thcobalds Road
London
WCIX 8TA
Page I

MICHAEL DAVILS CIIARITABLL SCITTLEIMCINT
Repoi't of tli¢ Tj'ustees
foi. tht yeAr elided S Api'il 2022
Thc tl'l15t¢e5 pre%ent their report with the financial slatemeiit5 of the ¢harity for the year ended 5 April 2022. The
trustees have Hdopled the provislons of Accouiiting and Reportiiig by Chdi'ilics.. Stat¢rnent ()f Recominended Practice
applicable lo chai'ities prcpai'iiig Ilieir accounts in a¢¢oi'dance with tlie Ftnancial Reporting Standard appliGable in the
UK at]d Repiibli¢ of Iieland (FRS 102) Icffective l Jaiiuai'y 20191.
Objettive5 activities
The polici￿ adopted in fiirtheran¢e of thcse object5 are the payment of fvnds to otlier registered charities at the
ti'ustees discretiotl and ¢heie has been no challge in these (luring the year.
The triistces have paid due rcgard to gllidance issued by the Charity Commtsston in deciding what activitie5 th¢
charity should undertakc.
As showi in th¢ Stateineiit of Finattcial Activsties the charity distributed £185.000 12021
accllmulated futlds to other chaTlties.
£211.000) of its
The trustee5 meet on a regular basis to authori5e donations to other charities. Awai'ds are authorised by a unanimous
deciss011 of tli¢ trustees.
FinaTrci81 J'eview
The ti'ustees consider the financial position of the charity to be satisfactory.
The policy of the Gharity is to maintain reserves to fvnd its prospective chaTltable activiti￿ ftsr the foreseedble future.
Structurej govei'iiancc mAnAgement
Govei'nillg documciit
'I'hc charity is coiiti'olled by its governing doGument, a decd of trust, and constitutB5 An unincorpoi'ated charity.
The chaTiiy was established by a charitable tTUSt deed on I I September 1990. The Charity's objcct5 are the support of
gencral chai'ilable activities. There are currently no restricted OT eiidowment fijllds.
Reci'uitment Appointment of new trustees
The charity Tecruils new trustee5 by invitation of the ¢xi8ling Irustces as and when it 15 deemed necessaTy in order for
the Board of Trustees to Colltinue to Carry out its dulTe%. Thc trust deed I'equircs tliat a minimum of two tTU5te¢s are
appointed at any given point but sets no upper limit. No ti'ustces wei'e appoirtted in the year.
The ti'iistees who served during the year were..
M J P Davies
K A Hawkill5
Approved by ol'der of tli¢ IMMI.d of trustecs on
30 January..2023
aiid Signed on its behalf by..
M Davies- Trustee
Pagc 2

IndcptEiilent bxHmin¢i"s Repol't to thc Ti'u5tee5 of
Mii'liael Davies C.h81'itAble Settl¢m¢iJt
Indepcndttit examiiicr's repoi't to the ti'ustees of MiLh#tl DAvies Charitable SettlcTnertt
I Irpoi't lo Ilic charity tTUStees oji rny exaiiiinalion of the aLCOUllts olmichael Davics Cliai'ilable Settlenicnt (the Trust)
for the year cnded 5 Api'il 2022.
Respon5ibilitie5 Aiid basls of i'epoi
As the charity Irustees of ihe Trust yoii are respojisible for the prepRI'ation of the accounts in accordan¢e with the
reqiiirem¢nts of the Charlties Aet 2011 I'th¢ A¢t'l.
I report in Icspect of my exainiiialion of the I'rEist'5 a¢¢ounts cai'ried out under Section 145 of the Act and in carrying
out Tny exainijiation I havc followed all applicabl¢ Dirceliojis given by thc Charity CommÉ5510ll under Section
145(5)Ibl of the Act.
Independent ex#miiJer's statement
Since your charity's gross incoine exc¢ed¢d £250,000 your examiner Inust be a mcmber of a listcd body. I can confirm
that l ani qualificd to undertake the exanianalion bccau5e l am a registei'ed membcr of the ICAEW which is one of the
listcd bDdies.
I have cornplded my exaininatiotj. I COllfiTtn that no matErial matters have come to my attention in conn¢ctioD with
the examination giving me cause to believe that in any material i'e5pect'.
accounting I'ecords were not kept in respect of the Trust as requirEd by Section 130 of the Act. or
the arcounls do llot accord with thos¢ records: or
tlie ar¢ounls do iiot ¢omply with the applicable Tcquirements concerning thc forrn and wntent of accounts set
ovt in tlic Charities {Account5 and Rcpoi'151 R¢gulalioJis 2008 other than any requircment thal the accoutlts
give a true at]d fair view which is not a matter considered as part of at) jlldependent examination.
I havE no concern5 and have come 4¢ro8s no othei. mallcrs in conne¢lion with the ¢xaminatlOll to which attention
Should be drawt] iii this report in order to ejiable a propcr understanding of tlie accounls to bc reached.
Nicola Pearson
the ICAEW
Haines Watts
New Dcrwei?t House
69-73 1-heobalds Road
London
WCIX 8TA
Date..
Pag¢ 3

MICHAEL DAVIES CIIAIIITABLE SfiTTLEMEN'r
Statem¢nt of liiiiHiici#l Activities
foi. the yeai. enile(J 5 Aiiril 2022
2022
Unrtsti'icted
fund
2021
Total funds
Note5
Income aiid endowment5 from
Doiiations and legaii¢s
361,489
Othei. iii¢ome
3,250
3,249
TotAI
364,739
3,249
Expenditiire on
Ch¥i'itAble aetivitie5
Donalion5 to other charities
185,000
211.000
Other
1.902
1.864
Total
186,902
212,864
NET INCOMEI{EXPEI NDITURE)
177,837
(209,615)
Re¢onciliRtion of fund5
Total fiind5 brou¥hi forward
81l.181
1,020.796
I'otal fund5 cai'ricd foi'wRI'd
989.018
Th£ notes foj'in PArt of these fsnancial 5tatetnents
Page 4

MICHAC4 L DAVILIS CIIARITABLE SklTLfLMENT
BalHThce 8licct
S Api'il 2022
2022
Uni'esti'icted
funil
2021
Total funil$
Nutes
Cui'i'ent a55ets
Debtors
Cash at bank
110,881
702,100
878,487
992,618
812.981
Creditors
Amouiit5 falling due within ot]e year
(3,600)
11,800)
Net ouri'ent kS5et$
989,018
Total a5set5 less cui'reDt liabilities
989.018
NET ASSETS
989.018
Funds
Unrestricted fund5
989,018
I'otHI fund$
989,018
The financial stateillents werc approved by the BoaTd of Triistee5 and authorised for issue
ao..January..202a......... and wcre sigRed on ils behalf by..
ot)
Davies - Trustee
The nol¢s form part of these financial slateThen15
Pag¢ 5

MICHALL I)AVIF.S CHARITABLE SE'I-I'LCIMENT
Notes tts tlie Diijancial .8t#ttment5
ror tkie year eiide(15 Api'il 2022
Atcouiiting polities
B4sis of prepHI'iiJg the fiiJallciAI 8tAtements
The finallcial 51atemcnts of the ¢hai'ity, whsch is a public benefit entity linder FRS 102, havc beeii i)i-epared in
a¢cordallCC with the Charities SORP IfRS 102) 'Accoiillting artd Rcporting by Charitie5'. S11c temcnt of
Re¢omn)Cllded Pra¢licc applicable to cliai'itie5 pr¢paring theii. aw)unls in accordance with tli¢ Financtal
Repoi'ling Standard applicable in the UK and Repiiblic of Treland (I',RS 1021 leffcctive l Januaiy 2019),.
Financial Reporting Standai'd 102 'Tlie Finan¢ial Rcportiii¥ Standard applicable in the UK and Rcpiiblic of
Irelat]d' and the Charities Act 2011. The financial statements have been prepared under the histoi'ical cost
wttvention.
FIn￿￿ela1 i'epoi'tillg stAiidai'd 102- I'educed di$tlosure exernplions
The charity has lakcn advantage of the following disc105ur¢ exemptions preparillg these financsal
statements, as peTmittcd by FRS 102 'The Pinan¢ial Reporting Startdard applicable in the UK and Republic of
Ireland.:
the requirements of Section 7 Statenient of Cash I,'Iow5.
Income
All income is recognised in the Statement of Finaiicial Activitics once the cliarity has entitlement to the funds,
it 15 probable Iliat the income will be i'eceivcd alld the (tmount can be measui'ed ieliably.
Expenditure
Liabilities are recognisrd as expet]diture as soon a5 there is o legal OT Constructive obligation committsng the
charity to that expellditur¢, it is probabl¢ that a Iian5fer of ec()nomic benefits will be required in scttlernent and
the amount of thc obligation Can bc meabui'ed reliably. Expenditure 15 accounted foi. on an accruals basi5 and
has been classified under hcading5 that aggi'egate all cost related to Ihc category. Wheir costs cannot be
directly attributed to particular headings they have been allocated to adivitics on h basis consistent with the use
of i'esources.
Gi'ant5 offered subject to ¢onditlOll5 whi¢h have t]ot bEen met at tlie yeaT end date are noted as a commitment
but not accrued a5 expenditiire.
TAxAtion
The chaTlty is exempt fix)tn tax otj it5 cliaritable activitie5.
Fund ACCOUlltithg
Unie8trictcd fvnds can be u5¢d in a¢cordallce with the charitable objectives at the discretiot] of the trustees.
Trustees, remunerAtion xnd benefit5
'rher¢ werc no tTUStees' remuneiation or other benefits for the year ended 5 April 2022 nor foi. the year ended
5 April 2021.
Trustee5' expenses
Th¢re were no trustees. expense5 paid for the yeaT ended 5 April 2022 nor for thE year ended 5 April 2021.
Page 6

MICHAEL DAVIES CHARITABLL SL'fi'LCMFNT
Notes to ttle Iiiiiancial St#ttments- coiJtLlltied
foi. tlie yeAr elided 5 Api'il 2022
Debtors: amount5 fRlling due after more tliAn one yeai.
2022
2021
Other debtOTS
110.881
Ci'editor$.' amounts fAlling due within one yegr
2022
2021
Other creditOl'5
3,600
1,800
Movement ill funds
Net
movement
in fund5
At 614lll
At 514122
Unrestritttd funds
General fund
811,181
177,837
989,018
TOTAL fi UNDS
811,181
177,837
989,018
Net movement in fijnds. included in the above are as follows..
Resources
expettded
Movement
in funds
resoui'ces
Unrestricted funds
General fund
364.739
(186,902)
177,837
TOTAL FUNDS
364,739
(186,902)
177.837
CompRrative5 foi. movement in fund5
Net
moveTnent
in funds
At 614120
At 514121
Unrestricted funds
Getjeral fut)d
1,020,796
(209,615)
I'OTAL fiUNDS
1,020,796
(209,615)
Page 7

MICIIAEI L DAVIES CHARITABLE SETTLCIMEN1'
Iyotes to the fiinaiicial Statemtrtts- toiitinued
foj. Ihe yeAI' eijded 5 Ai)i'il 2022
Movement in fuiid5- coritinued
Comparative net movement in funds, included in the alme are as follows..
Incoming
J'e$ouJ'ces
Re$ources
expended
Movement
in funds
Unrestricted fund5
General fi]nd
3,249
(212,864)
{209,6151
TOTAL FUiYDS
3,249
(212.864)
{209,615)
A ¢urrent year 12 months and pi'iOT year 12 months cojnbined position is as follows:
Iyet
movement
in funds
At 614120
At 514122
Unr¢$¢J'itted funds
General fund
1,020.796
131.778)
989,018
TOTAL FUNDS
1,020,796
131.778)
989,018
A ¢ui'rent year 12 months and prior year 12 months combined net movement in fiinds, in¢luded in the aknve
are as follows..
Intomiiig
resource5
Re50uI'ees
Movement
iih fulld5
Uni'e5trictcd funds
Gcneral fulld
367,988
{399,766)
(31,778)
TOTAL fiUNDS
367,988
{399,7661
(31,778)
Related pai'ty di$tlosures
There were no related party transactions for the year ended 5 April 2022.
Page 8

MICHAII.I, DAVIES CHARITABLE SCITI'LEMEI NT
Notes to the fiinaneial Stxtcmcnts- continued
fDI' tlie yeAI' etlded 5 Apt'il 2022
Employee$
-Fhere wcre t]0 employees during the yeai..
Page 9

MIC14ALL DAVIES CHARITABI,E SETTLEMLIN'I.
Detaile(I Staten]cnt of fiDaiJcial Attivities
foj. the yeAI' elided 5 Api'il 2022
2022
2021
Incom¢ endowineiits
DoiiAt10115 aiid legacie5
Gifts
361,489
Otliei. illcome
Loan intcrcst ijicome
3.250
3,249
Total inooming resources
364.739
3.249
Expcnd1t￿re
Chgl'itAble gCtivitie5
Grants to institutions
185.000
211,000
Support ¢ost$
MRnagement
Accouiitaiicy
1,800
1,800
FiiJRnee
Bank charge5
102
64
Total resources expended
186.902
212,864
Net Intomel(expenditurel
177.837
{209,615)
Thi5 page d(Ks not form parl of the statutory financial statement5
Page 10