THE DAVID FAMILY FOUNDATION IA company limited by guaranleel REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Company Number: 06414484 {England and Wale81 Charity Number.. 1123198 (England and Wales)
THE DAVID FAMILY FOUNDATION Page Reference and administrative details Trustees. Report Independent Examiners, Report statement of Financial Activities Balance Sheet Cashflow 10 Notes to the Financial Statements
THE DAVID FAMILY FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1123198 Registered Company Number 06414484 Reglstered OfflcelPTincipal Office Building One 373 Kennington Road Kenninglon London SE114vr Trustees Jonathan David (Chairman) David Emerson Anna-Lisa Wright Fiona Ellis (appoint 12 December 2023) Independent Examiner K C Fisher BA FCA CTA % Myrus Smith, Chartered Accountants Norman House 8 Burnell Road Sutton Surrey SM14BW
THE DAVID FAMILY FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 The ttustees who are also directors of the charity for the purposes of the Companies Act 2006 present their reportalong with the financi85 statements of the Charity forthe year ended 31 December 2022. The financial statemetFls have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stand8rd applicable in the UK and Republic of Ireland IFRS 102} issued in October 2019. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. the Charities Act 2011, the Companies Act 2006 and UK Generally AG¢epted Accounting Pracbce. INTRODUCTION The David Family Foundation was incorporated on 31 O¢tober 2007 and was established to support the charitsble interests of the late Doreen David's children. The Company wa5 registered as a Charity on 14 March 2008. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing Document The David Family Foundation is a company limited by guarantee and has no share capital. It is constituted under its Memorandum and Article5 of Association dated 31 October 2007. It is a registered company under company number 06414484. and a registered charity under Charity Commission reference number 1123198. Recruitment and Training of Trusteos New trustees are given appropriate induction and training on appointment to the board. Organisational Structurg The trustees are ultimately responsible for the policies, activities and assets of the Charity. The trustees meet On a year to review the annual accounts, policies and procedures in respect of internal financial controls, and the policy in relation to investments. Risk Management The trustees have assessed the major rlsks to which the charity is exposed, in parhcularthose risks related to the operation and finances ofthe charity and are satisfied that systems are in place lo miligale exposure to the major risks, although it is recognised that systems Can only provide reasonable, not absolute, assurance. They have identified the following risks.. Risk identified Actlon taken to mltlgate the rlsk Investments will drop in value Trustees have appointed a professional ffrm lo manage the investments Donations made will not be spent in a manner the trLJStees would like Trustees actively review the donation and ask for updates and reports Key Management Personnel Fiona Ellis was welcomed as 8 new trustee and joined the Board at the AGM on 12 Dernber 2023. The trustees consider that the board of trustees comprises the key management personnel of the charity in charge of directing and controlling, running and operating the Charity on a day-to-day basis. All trustees give of their lime freely ancl no director received remuneration in the year. Details of Directors. expenses and related paty transactions are disclosed in note 10 to the accounts.
THE DAVID FAMILY FOUNDATION Goveman¢e The trustees retained as auditors Kingston Burrowes (fomierly Myrus Smith). The trustees reconfirmed that the foundation existed for the long temi and could manage occasional temporary periods of higher spending when appropriate. However, having increased spending in response to the pandemic, during the year there was a return to the previous level of spending, and which would broadly maintain the level of the endowment during a period of further potential volatilty. Trustees continued to review the foundation's legacy and priorities. and with the benefit of the greater capacity of an additional trustee, further strategic discussions were planned for 2024, with the intention to maintain the flexibility lo respond to new priorities. but potentially enabling a focus across fewer areas. Investment PolScy and Perf0mnCe The charity has power to invest in such assets as it sees fit. The trustees have appointed UBS as investment managers to manage the majority of the charity assets, with a brief to adopt a medium risk investment strategy whilst providing revenue for the charity's current needs while enhancing income and capital growth over the long term. The trustees have previously switched the investments to a Sustainable Investment Isll portfolio which has higher ESG benefits. The trustees confirmed Ihal it is appropriate to stay in the Sl portfolio as a long-term strategy, and that the Sl and ESG strategies better reflect the values and ethics of the foundation. This policy is reviewed on an annual basis, as well as whether the particular current Sl strategy 15 the right one for the foundation as others emerge. Trustees had aimed to maintain an annual spending largel of 50A ofthe onginal endowment, lo ensure that the value of the endowment, with an allowance for inflation, would not be diminished long term. This provides a budgetsng guide for each of four grant-making meetings a year, and allows for some longer~ term commitments. Trustees have the power to spend out, as agreed. during any parti¢ular period. This could also be assessed against the annual level of the endowment, with adjustments then made to spend accordingly, either up or down, although on an ongoing basis the foundation is an in-perpetuity fund, retaining the core of the endowment. After the previous downturn, as anticipated the trustees saw a recovery in value of the investments, and the funds carried forward at 31 December 2023 of £5,839,207 sit quite comfortably in line with the initial endowment, with a {conservalivel inflation buffer of roughly 100k against the endowment value. The trustees are satisfied with the investment performance during the year. The investment strategy and spending targets are revieweil annually at the Iruslees, meetings. Spending progress during the year is reviewed al the trustees, quarterty meetings. Recognising the almost unlimited opportunities of charitable spending open lo thern, the trustees intend that the strategic discussions planned for the coming year should include Consideration of the k)nger-term future of the foundation, and of its aims & priorities. FINANCIAL REVIEW During the year ended 31 December 2022, income was £71,86312022, £58,399) and nel expenditure was £726,65212022.' £935,678}. The charity also recognised a gain on the market value of its investments of £815,720 {2022'. loss of £1,380,788). Unrestricted Funds as at 31 December 2023 totalled £5.839,20712022.' £5,678,276). Reserves Review Including Policy At the balance sheet dale, the Trust had an unrestricted fund of£5,839,20712022: £5,678.2761. The charity is mainly reliant on its return from investments to fund ils charitable aims, and therefore has a reserves policy which aims to provide sustainable funds for the future.
THE DAVID FAMILY FOUNDATION OBJECTIVES, AIMS AND ACTIVITIES Objects The objects of the charity are.. 11 Making grants and bursaries to other UK charities for the purpose of advancing education, art, culture and environmental protection, and relieving and advancing those in need by reason of disability. 21 Promoting art by making available gallery and studio Spa lo artists- & Cating opporlunities for artists to expfore their creativity without boundaries at key stages of their careers. 31 SupFX)rting people with learning and educational difficulties through existing charities. 41 Supporting resear¢h projects into the use of altemative and renewable energy $ource8. 5) Supporting women's seNices. young adults, homelessness and the social needs of older people. The trustees assess the impact of their funding by receiving reports from grantees and assessing their impact annually. Grant making policy The charity made grants in the year of £646,001 12022. £844,469). Grants are made on an annual basis by th8 trusl88s in accordance with the objectiv8s of th@ charity. Th8 charity has no long-lerm commitments. While trustees confimied the following priorities for support, il was understood that these would be reviewed during 2024.. environrnental Issues including peat bogs 8nd grassland, mobility equipment for disabled people which the NHS was unable to provide. welcoming applications from registered charities around the themes of.. LGBTQ+ support., benefitting people from the global majority., ft)r wornen's support., and for refugees. During the year the grants we approved included". £64,800 via the Big Give which was then match funded., A muKi-year grant for the PACE school, Aylesbury., For tree disease research, ancient woodland, and education on the environment through the RHS,. Harper Adams University for an innovative educational engineering programme-, Continuing our longer-term support for bursaries wlth the Institute of Electrical Engineering {IEEI with which Gerald David had been much involved., Continuing ongoing support for the Queer Youth Art Collective", Ongoing support for the Guildhall School of Music & Drama. which was continued in memory of thé sister and brother-in-law of Doreen David. Going Concern The Board of Trustees is of the opinion that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties regarding the Trust's ability to do so.
THE DAVID FAMILY FOUNDATION Fundralsing The charity does not undertake any public fundraising and is not therefore registered with the Fundraising Regulator. PUBLIC BENEFIT STATEMENT The trustees have referred lo the Charity Commission's guidance on Public Benefi't when reviewing their aims and objectives and planning their future activities. The trustees believe that their strategic grant- making acttvities will meet the objective of benefiting 8 wide cross-seclion of the community. The trustees will ensure that a robust monitoring system is pul in place to establish the benefit derived from each grant. in order to be confident of meeting their public benefi't obligations. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Iruslees a responsible for preparing the Trustees, Report and the financial slaternenls in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial stslements in accordance with United Kingdom Generally ACpIed Accounb'ng Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the trLJStees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of the profil or loss of the company for that period. In preparing these financial slatemenls, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the charities SORP.. make judgements and estimates that are reasonable and prudenL state whether applicable UK accounting standards have been followed, subject to any material departure5 disclosed and explained in the financial sl8tements', prepare the financial statements on the going concern basis unless it is inappropriai8 lo presume that the charity will continue to operate. The trustees are responsible for keeping adequate a¢counting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy al any time the financial position of the company and enable them to ensure that the fi'nancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for tsking reasonable steps for the prever¢lion and detection of fraud and other irregularities. Approved by thg Trustges and slgned on behalf of the Trustees by J R H David Date: 24 September 2024
THE DAVID FAMILY FOUNDATION INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE DAVID FAMILY FOUNDATION I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2023 which are set out on pages 6 to 19. Responsibilities and basis of report As the charity trustees of the company land also its directors for the purposes of company 18wI you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'i. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by Ihe Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's $latement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect. 1. accountsng records were not kept in respect ofthe company as required by secb'on 386 of the 2006 Act., or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accoLJnts in accordance with the Financial Reporting Standard applic8ble in the UK and Republi¢ of Ireland IFRS 102}. I have no concerns and have come across no other matter3 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the awounts to be reached. K.C. Fisher FCA Clo Myrus Smith Norman House Chartered Accountants 8 Burnell Road Sullon, Surrey SM14BW 24 September 2024
THE DAVID FAMILY FOUNDATION STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Note Total Funds Total Funds INCOME FROM: Donations Income from Investmenls 71,863 58.399 Total Income 71,863 58,399 EXPENDITURE ON: Raising fvnds Charitable activities 65,502 74.941 661,150 860,737 Total Expendtture 726,652 935,678 Net lexpendilure}lincome before gains and losses on investments {664,7891 1877,279) Other recognised gains and losses: Net gainslllossesl on investments 815.720 11,380,788) 160,931 12,258,067) NET MOVEMENT IN FUNDS Total funds brought forward at 1 January 2023 5,678,276 7,936,343 £5,839,207 £5.678,276 Total funds carried forward at 31 Decernber 2023 All activities are continuir¢g. There are no recogni5ed gains or SSeS than as disclosed above The Statement of Financial Activities incorporate5 an income and expenditijre account. The notes on pages 11 to 21 foTm part of these financial statements.
THE DAVID FAMILY FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2023 Note 2023 2022 FIXED ASSETS Investments 5,965.360 5,757,618 CURRENT ASSETS Cash 131,706 78,313 Debtors 163 131.706 78,476 LESS: CURRENT LIABILITIES Creditors= amounts falling due within one year 200,859 98,818 NET CURRENT LIABILITIES 169,1531 {20,3421 LESS: NON-CURRENT LIABILITIES Creditors.. amounts falling due within more than one year 157,0001 (59,0001 NET ASSErs £6,839,207 £5,678.276 REPRESENTED BY Unrestricted Funds Designated Fund 11 5.839,207 5,678,276 £5,839,207 £5,678,276 For the financial year in question the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of itsaccounts for the year in question in accordanTr with section 476 of the Companies Act 2006. The dreCtorS acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The finan¢ial statements were approved and authorised for issue by the Board of Trustees and were signed below on its behalf by J R H David Date: 24 September 2024 The notes on pages 11 to 21 fom part of these flnanclal stalements.
THE DAVID FAMILY FOUNDATION STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2023 2023 2022 Note Cash used in operating activities {554,5851 1973,287} Capital expenditure & financial investment Purchase of inv8Stments 11.152,4871 (1,44f,3921 2,423,934 Sale of Investments 1,708,898 IDecrease)lincrease in investment portFolio cash 51,567 14,5321 607,978 857,064 53,393 1101,3941 ILossl on currency In¢reasel{decreasel cash at bank and on deposit Cash at bank ond on deposit at beginning of year 53,393 12771 78,313 78.590 Cash at bank and on dèposit carrled forward £131,706 £78,313 Note to Ststtmont of Cash Flows 2023 2022 Reconciliation of net Incomellexpgnditure) to net cash outflow from operating activities Net lexpenditurellincome Increaselldecreasel in creditors Decreaselllncrease) in debtors 1654,7891 {877,279) 100,041 195,8471 163 11611 £1554,585} £1973,2871
THE DAVID FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Accounting Policies The princip81 accounting policies adopted, judgements and key sourGe5 of estimation uncertainty in thepreparation of the financial statements are as follows= lal Basts of preparatlon The financial statements have been prepared 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 appSicable in the UK and Republic of Ireland {FRS 102) - (Charities SORP 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The David Family Foundation meets the definition of a public entity under FRS 102. Assets and liabilities are initially recnIsed at historical cost or transaction value unless otherwise staled inthe relevant accounting policy notes. The David Family Foundation is a private company limitedby guarantee 2nd registered in England and Wales Icompany Number. 064144841. The registered address is 5 New Street Square, London, EC4A 3TW. Ib) Going Concem The Board of Trustees is of the opinion that the charty has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties regarding the Trust's ability to do so. (¢1 Income recognition Income arssing from investments and donations is recc£nised once the charity has become entitled to the income, t is probable that the income will be received and the amount of income receivable can be measured reliably. Id) Expendlture Expenditure is included on an accruals basis. Expenditure is recognised when there is a legalor conslruclive obligation to transfer assets. the amount can be measured reliably, and that il is probable that payment will be made. Grants payable are charged in the year which the offer is conveyed to the recipient except where the grant is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled. Grants offer subject to conditions that have not been met at the year-end are noted as a commitment but not accrued expenditure. Governance ¢0sts ¢omprise Gosts associated with complying with Gonslitutional and $talutOry requirements. (el Investments Listed investments are included at closing mid-markel value at the balan sheet dale. Any gains or losses on revaluatr'on are taken to the Slatemenl of Financial Activities. The trusteesdo not believe the investment mid-market value a materially different to bid-market values which is required under FRS102. In Forelgn currency The charities functional and presentation currency is pound sterling. Monetary assets and liabilities denominated in foreign currencies are translated into sterling al the rates of exchange ruling at the balance sheet dale. Transactions in foreign currencies are recorded at the rate ruling al the dale of the transaction. All differences are recognised in the statement of Financial Activiltes. 10
THE DAVID FAMILY FOUNDATION Accounting Policies Icontinued) Igl Creditor5 and provl$ions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably SuIt in the transfer of funds lo a third paty and the amounldue lo sellle the obligation can be measured or estimated reliably. Creditors and provisions are norm21ty recognised at their settlement amount after allowing for any trade discounts due. (h} Estimate8 and Judgements Eslimales and judgements are continually evaluated and are based on historica5 experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. Although these estimates are based on the Trustee's best knowledge of the amount. events or actions, actual results ultimately differ from these estimates. The Trustees do not consider there to be any material estimates and judgements. Cash and cash equivalents Cash and cash equivalents includes cash and short term highly liquid investments Wlth short term maturty of three months or less from the dale of acquisition or opening of the deposit or similar account. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measufed at Iheir settlement value. 2023 2022 Analysis of Totsl Incomo Donations Received Dividends and interest 68,993 57,683 Interest on cash deposits 2,870 716 71,863 58.399 2023 2022 Analys18 of Ralsing Funds Investment management fees 65.502 74,941 11
THE DAVID FAMILY FOUNDATION Analysis of Charltable Actlvttles During the year to 31 December 2023 the Charity made grants totallin9 £646,001 12022.. £844,469). Grants are listed below. 2023 2022 2Makelt ActionAid Age UK Alternatives to violence project AMBIOS Amy Winehouse Foundation Apopo Uk Asthma & Allergy Foundation A T Society Aylesbury Foodbank BAND Limited Bath Institute for Rheumatic Disease Bath Medical Museum Bede House Berkshire. Buckinghamshire & Oxfordshire Wlldlife Trust Beyond Autism Bicester Food Bank Big Give Trust Birthlink Blesma Bletchley Youth Centre Bradford Disability Service Braid Health & Wellbeing Braille Chess Association Braintree CAB Brave Futures The Bren Projecl Brent Lodge Wildlife Bristol Childrens Help Bristol childn$ Hospital Bristol Ensemble Bristol Refugee Rights Britannia Sailing Trust British Red Cross Bromley Food Bank Building for the Future Bus Shelter MK Butterfly Trust Calibre Audio Library Campaign against Living Miserably Cancer Support Canine Partners Canterbury Food Bank Gardiac Rehab 2,000 8,000 5,000 2.089 5,000 5,000 2,000 1,500 3,000 10,000 2,500 2,000 500 5,000 3,500 5,000 5,000 57,000 3,000 64,800 3,000 3,500 2,000 2,000 1,000 5,000 3,500 1,000 1,000 2,000 3,000 3,000 2,000 7,500 2,000 10,000 5,000 3,000 7,000 3.000 1,000 4,751 5,000 2,000 5,000 5,000 2,000 Balance carried forward 143,551 142,589 12
THE DAVID FAMILY FOUNDATION 2023 2022 8alanc8 brought forward 143,551 142,589 Care for Carers Carers UK Caring Together CASPA Castle Point Social Care Cavemoma Alliance Caxton Youth Organisalion Changing Tunes Chapter Mental Health Charlie Waller Trust Child Eye Cancer Twst Chiltem MS Centre Citizens Advice Bureau - Milton Keynes Climbing Out Colostomy UK COMAR The Community Hub Compass Connect Support Contact g Family Cosgrove Ca Cotswold Friends Trust Countryside Regeneration Trust Cpotential Ctew 2000 (Scotiand) Crisis Cruse Bereavement Cued Speech Cumbria Wldlife Trust Curiosity Collective Dash Arts Dean & Cauvin YPT Demand De Morgan Foundation Designabilily Disability Advice Servi Disability Infomialion Bureau Disabled Sailor5 Association Doctors of the World Dogs for Autism Downham Food Bank Dressability Dyspraxia Foundation Eastside Community Trust Edinburgh City Mission Edinburgh Headway Edinburgh Interfaith English Symphony Orchestra 3,000 10,000 3,000 5,000 1,000 2,000 2,500 00 2,000 5,000 5,000 5,000 2,000 3,000 1,000 5,000 1.000 2,000 5,000 3,000 2,000 5.000 2,000 3,000 1,000 5,000 3,000 2,000 2,500 1.000 2,000 25,000 2,000 2,000 2,000 2,000 3,000 25,000 3,000 5,000 2,000 5,000 2,000 3.000 5,000 2,000 2,000 2,000 3,000 7,000 2,000 3,000 2.000 5,000 2,000 2,000 3,000 Balance Carried forward 194,551 306,589 13
THE DAVID FAMILY FOUNDATION 2023 2022 Balance brought forward 194,551 306,589 English Touring Opera Epilepsy Action Evolve Housing Ewing Foundation Fable Fairshare Kent Families Outside Fetlor Youth Club Fife Young Carers Fifth Trust Freedom from Torture Frozen Light Freshwater Biological Association The Garage Notwich The Gifted GL11 Community Project GRAB Trust Greenei & Cleaner Grove Adventure Playground Grove Cottage Growing Well Guildhall School of Music Hands Up Foundation Handicapped Childrens Action Group Ghands Up Happy Days Harper Adams Motorsport Engineering Headway Heal and Toe Charity Health in Mind Hearing Dogs Hearts and Minds Helen Aell Dyslexia Helm Herefordshire Night Shelter Hill JoannelEPC Home Link Family Support Home Start UK Horniman Museum The Hummingbird In Chartey'5 memory Institutes of Engineering and Technology Interact Stroke Support Intemattonal Otter Survival Fund Into the Community Joss Searchlight Kangaroos Mid Sussex Kelly Foundation 5,000 1,000 2.000 1,000 (3,500} 2,000 3,000 5.000 1,000 3,000 3,000 2,000 25,000 3,000 3.000 2.000 3,000 3,000 3,000 2,000 3,000 2,000 3,000 5,000 5,000 10,000 5,000 2,000 10,000 2,000 5,000 3,000 31,700 1,000 1,000 5,000 5.000 2,000 1,000 3,000 2,500 2,120 5,000 2,000 3,000 5.000 1,000 11,000 11,000 3,500 5,000 2,000 2,500 1,000 2,000 Balance carried forward 314.751 418,209 14
THE DAVID FAMILY FOUNDATION 2023 2022 Balance brought fOard 314,751 418.209 Keynesham & District Mencap Khulisa Kindred Kingswood Trust The Jump LIVEI Live Music LEAF Leeds Mencap Leeds Weekend Care Lennow Childrens Cancer Lets Feed Brum Lewis Manning Hospice Light up learning Linda Tremble Foundation Lindergate Liquid Vibrations Literary & Philosophical sctiety Living Options Devon London School of Hygiene & Tropical Medicirse London Wildlile Trust Love Music MACC SUSO Macmillan Cancer Macular Society Maggies Mahadevi Yoga Centre Mainland Music Foundation Mayors Fund Mencap Merans Kirk Helping Hands MedEquip4Kids Medicins Sans Frontseres IMSF- UK) Migmine Trust, The MIND (Bucks) Moira Anderson Foundatiori Moorland Mousie project Moor Vision Multiple Sclerosis Society my AFK My Life My Choice NACOA Navigate Newenl Lords Larder New Life Nyambene Noahs Ark North London Hospice Northdale 2,000 5,000 1,000 2,000 2,000 5,000 2,000 15,000 3,000 1,000 3,000 5.000 2,000 3,000 2,000 3.000 2.000 5,000 2,000 10,000 3,000 3.000 2.000 2,000 1,000 2,000 2,500 1,000 7,000 5,000 2,000 2,000 2,000 5,000 2,500 7,000 3.000 2.000 2,000 1.000 1,000 1,500 5,000 2,000 2,000 5,000 2.000 2,000 2,000 Balan carried forward 388,251 499,209 15
THE DAVID FAMILY FOUNDATION 2023 2022 Balance brought forward 388,251 499,209 Northwich MultiSF)orts NSPCC The Nucleo project Oak Tree Animals One Parent Families Open Door Centre Open Doors London Opening Doors OHMI Trust One25 Opera Holland Park Orchestra of the Swan Ormlston Families OSF Sport Foundation Our only world Oxford School of Drama PACE Parenting Mental H6alth Parker Trust PECAN Phoenix Enterprises Plan International UK Pleasance Theatre PLUS (Forth Valley) Prickles Hedgehog Rescue Prince & Princess of Wales Hospital Prison No way Prisoners Education Trust Queer Youth Art Collective Rabble Theatre Rainforest Foundation Raze Collective RHS Wsley School Refresh Carers Refuge Refugee Survival Trust Regal Theatre, Minehead Regional Screen, Scotland Rescare Resolve West Rework Rock Trust Roseberry Centre Rossendale Trust Rowan Alba Royal Hospital for Neuro Disability Royal Academy of Drarna Royal Society for the Protection of Birds 1,000 5,000 1,000 2.000 2,000 1,500 1.000 10,000 2,ODO 1,000 3,000 2,000 3,000 3,000 2,000 1,000 5,000 5,000 50,000 6,000 20,000 10,000 5,580 2,000 3.000 3,000 2,000 5,000 2,000 2,000 3,000 5,000 10,000 48,000 1,500 5,000 7.900 7,250 20,000 1,000 10,000 5,000 2,500 5,000 1,500 2,000 1,000 1,000 3,000 1,000 2,000 2,000 2,000 3,000 6,000 Balance carried forward 518,001 686,189 16
THE DAVID FAMILY FOUNDATION 2023 2022 Balance brought forward 518,001 686,189 Royal Medical Benevolent Fund Royal Voluntary Service Ruby's Fund Safe Families Sajvation Army Science & Media MLJ5eum Scope Scollish Marine Society SEAMAB Seashell Trust Secret Worfd Wildlife SENSE Shallal The Shed Shelter Shine Shining Stars Sickl Productions Snowdon Trust Solace Womens Aid Sofa Project Soundaboul Southall Bla¢k Sisters Southwark Day Centre for Asylum Seekers Southwark Food Bank SPACE Space4Aulism Strongbones Spread a smile Spinal Muscular Atrophy St Andrews Environrnental St Werburgh8 City Farm Stonewall Strength & Leaming through Horses stepping Stones Stirling Carers Centre Sunderland AmateLJr Boxing Sundedand Womens Charity Sunny Days Childrens Fund Sunrise Partnership Sunshine & Smiles Sunshine Wishes Support Dogs Tall Ships Trust Tender Thomberry Animal Sanctuary Time Out Group Tinnitus UK 2,000 5,000 2,000 2,000 5,000 10,000 5,000 3,000 6,000 5.000 1.000 2,000 6,000 3,000 2,000 3,000 1,000 5,000 1,000 2.000 5,000 3,000 3,000 2,000 3,000 3,000 5,000 5,000 3,000 3,000 4,280 5,000 3,000 5,000 3,000 2,000 10,000 2,500 2,000 1,000 1,000 2,000 2,000 3,000 500 1.000 5,000 5,ODO 3,000 1,000 5,000 1.000 3,000 2,000 3,DOO 2,000 8alance carried forward 598,001 789,469 17
THE DAVID FAMILY FOUNDATION 2023 2022 Balance brougm forward 598,001 789,469 Tiny Tims Childrens Charity TOP UK Total Insight Theatre Treloar Trust The Two Moors Festival UCLH UNICEF University College London Slade Vision Foundation Vision North Voices wa1ck Vision Washington MIND Wellspring Courlselling Wesiwood 2015 Ltd Avenues to Advancement Whirlow Hall Farm Vhitstable Society Vvhizz lQ'dz Willow Foundation Willshire Air Ambulance Women's Aid Federation Vvomens Work Lapb Woodlancl Trust YMCA East Surrey Young and Free Young People v Arthritis 2,000 1,500 2,000 2,000 3,000 1,000 6,000 5,000 s,000 1,000 10,000 2,000 1,000 2,500 3,000 1,000 7,000 3,000 1,000 1,500 5,000 1,000 3,000 1,000 2,000 10,000 5,000 1,000 3,500 5,000 2,000 3,000 1,000 Balance carried forward 646,001 844,469 Charitable donations 646,001 844,469 Govemance costs (note 5} 15,149 16,268 661,150 850,737 18
THE DAVID FAMILY FOUNDATION Analysis of Governance Costs 2023 2022 Accountancy fees Auditor's feeslExaminerfs fees Legal fees Bank charges Admin fees Bookkeeping Meeting costs 1,515 1,515 13 316 1,514 9,913 363 1,470 1,470 778 2,468 9.558 524 15,149 16,268 There were nil employees in the year ending 31 December 202312022 = 01 Investmènt Assets 2023 2022 UK Listed Investments 5.959.160 6,200 5.699,851 57,767 Cash held as part of investment portfolio 5,965.360 5,757,618 Market Value brought foNard Add.. Acquisitions at cost Less: Disposals al opening market value or later cost Gainsl{lossesl on revaluation Increaselldecreasel in cash held as part of investment porttolio 5,757,618 1,152,487 {1,620,5881 727,410 151,5671 8,111,416 1,446.392 12,590,571) 11.214,1511 4,532 Market Value carried forward 5,965,360 5,757,618 Historical cost 4,966,209 5,421,966 19
THE DAVID FAMILY FOUNDATION Debtors 2023 2022 150 Prepayments 13 Accrued interest 163 Credftors: amount8 falllng due within one year 2023 2022 Audit, independent examination and accountancy fees Bookkeeping Broker fees 5.970 1.093 16,257 177,539 5,820 459 17,002 75,537 Committed donations 200,859 98,818 Creditors: amounts falling dug in morethan one year 2023 2022 Commttted donations 57,000 59,000 10 Trustees. Remuneratlon and Expenses Expenses lotalling £363 were reirnbursed to the trustees during the year end 31 Dember 2023 12022. £5241. No remuneration or other benefits have been made or a due to be made to the trustees in respect of the year to 31 December 202312022 .' Nill. 20
THE DAVID FAMILY FOUNDATION 11 Fund Movements 2023 2022 Unrestricted Funds brought forward 5,678,276 7,936,343 Income Expenditure Gains 8nd Losses Transfer from designated funds 71,863 1726,6521 815,720 58,399 {935,6781 11,380.7881 Unrestricted Funds Carried Foard 5,839,207 5,678,276 Designated Funds brought forward Transfer to Unreslricled Funds Expenditure Designated Funds carried forward Nil All funds are unrestricted. 21