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Wealth & Asset Maiiageimeiit
THE CRISPIN DAVIS FAMILY TRUST
REPORT AND ACCOUNTS
YEAR ENDED 5 APRIL 2024
Voi"slon.. 2910112025

THE CRISPIN DAVIS FAMILY TRUST
INDEX
Year ended 5 April 2024
Page
General information
Report of the trystees
statement of tyuslees, responslbililies
Auditor's report
statement of financial activities
10
Balance sheet
Cashflow slatement
12
Accounting policies
13-14
Notes to Ihe financial statements
15-17

THE CRISPIN DAVIS FAMILY TRUST
GENERAL INFORMATION
Year ended 5 April 2024
Trustees
Sir Crispin Henry Lamert Davis
Lady Jean Anne Davis (deceased 04106124)
Dr Julia Anne Davis
Ms Carollne Sarah Davis King
Mrs Angela Jane Spaid
Principal Office
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS
Independent Auditor
Gibson Booth
Chartered A¢countanls & Slalulory Auditors
New Court
Abbey Road North
Shepley
Huddersfield
HD8 8BJ
Investment advisers
CCLA Irivestment Management Ltd
COIF Charity Funds
Senator Hotjse
85 Queen Victoria Street
London
EC4V 4ET
Registered charity number
1150637

THE CRISPIN DAVIS FAMILY TRUST
REPORT OF THE TRUSTEES
Year ended 5 April 2024
The trustees present their report with the financial statements of the charity for the year to 5 April 2024. The trustees
have adopled the provislons of Accounting and reporting by Charities.. Statement of Recommended Practice applicable
lo charltles preparing thelr accounls in accordance wlh the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 2019).
Object and activities for the publlc benefit
The object of the Charity, under the terms of the Trust Deed,.
to relleve hardship amongst children and young people across the world who are in need of help as a result
of poverty, lack of education or illness,
for such other charitable purposes for the public benefil, as the trustees shall deem flt.
The trustees confirm that they referred to the guidance contained in the Charity Commission's general guidance on Ihe
public benefit when reviewing the Irust's aims and objectives and in planning future activities and setting grant making
policy for the year.
Sumrnary ofAchl8vem8nts
During the year the trustees have continued lo support organisalions in accordance wlth the objectives in the trust deed
such as supporting the Tushinde Children's Trust which works with vulnerable children and their families in Kenya.
Financial Review
Unrestricted funds
Incoming resources for the year amounted to £210,276. Grants were £468,826 and the sUPPOrt cost amounted to £5,880.
This compares with incomln9 resources of£217,675, grants of £7,123 and support cost of £5,220 in the previous year.
Expondable endowment
Expendable endowment stood al £9,246.46212023'. £8,328,267) at the balance sheet date.
Principal funding source
The principal funding source comprises gifts from the Iruslees of the charity and from investment income.
Investment pollcy and objectlves
The trustees have agreed a medium risk profile.
Resgrves policy
The trustees aim to maintain the endowment fund at a level to provide a sufficient capital base to generate an income
level sufficient to maintain the level of grant making planned in the future. The Iruslees are satisfied with the current level
of reserves.

THE CRISPIN DAVIS FAMILY TRUST
REPORT OF THE TRUSTEES
Yaar ended 5 Aprll 2024
Structure, governance and management
Constltution
The Crispin Davis Family Trust is constituted by Deed of Trust dated 10 January 2013 and is a registered charlly,
Number 1150637.
Trustees
New trustees may be appointed by the existing trustees by virtue of a power contained within Ihe Trust Deed.
", he Trust Deed provides for a minimum of three trustees.
Governing documènt
The Charity 15 controlled by it's governing document, a deed of trust and conslitules an unincorporated charity.
Recrultment and appointment of new trustee
New trustees may be appointed by the existing trustees by virlue of a power contained within the Trust Deg,d. A minimum
of three Iruslees is required by the Trust Deed
Organisation structure
The trustees must hold al least ordinary meetings each year. At those meetings, the Irustees agree broad
strategy and activity for the Trust, including consideration of grant making, investments and reserves.
Inductlon and training of new trustees
On appointment, new trustees must expressly aCknO￿edge his or her acceptance of office of Trustee of the Charity- In
selecting new truslees, the trustees musl have regard lo Ihe skills, knowledge and experience needed for effective
administration of the Charity. New Trustees are provided with a Copy of the Trust Deed and a copy of the Charity's latest
report and accounts.
Risk management
The trustees have assessed the risks to which the charity might be exposed and consider them lo be minimal. The
I ruslees have addressed such risks that exist.
Approved by order of the board of trustees on.....
O tt,..lo.L< .and slgned on its behalf
Sir Crispin Davis - Trustee

THE CRISPIN DAVIS FAMILY TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Year ended S Aprll 2024
Trustees. responslbllities in rèlation to the financlal statements
The trustees are responsible for preparing the Report of the Trustees and the financial slatemenls in accordance with
applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees lo prepare financial statements for each
financial year which give a true and fair view of the stale of affalrs of the charity and of the in¢omlng resources and
application of resources of the charity for that period. In Preparlng these financial stalemenls, the trustees are required to..
select suitable acGounling policies and then apply them consistently.,
observe the melhods and principles of the Charities SORP {FRS 102)..
make judgements and accounting estimates thal are reasonable and prudenl.,
state whether applicable accounting standards have been followed, and
prepare the financial statements on the going concern basis unless it is inappropriate to presume Ihat
the charily wll continue in business.
The truslees are responsible for keeping accounting records which disclose with reasonable accuracy al any lime Ihe
financial posilion of the charity and enable them to ensure that the financial statements comply wth 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 Ihe prevention and
detecllon of fraud and other irregularities.
Approved by order of the trustees on.
.and signed on its behalf by..
Sir Crispin D
vis - Trustee

THE CRISPIN DAVIS FAMILY TRUST
Indep8ndent Auditor's Report to the Trustees of The Crispln Davis Family Trust
Year ended 5 April 2024
Oplnlon
We have audited the financial statements of The Crispin Davis Family Trust (the '¢harity') for the year ended 5 April 2024
which comprise the Statement of financial aclivilies, the Balance sheet, Cashflow statement and the notes to the financial
stalemenls. including a summary of signlficant aGcounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and the United Kingdom A¢¢ounting Standards, Including Financial Reporting
standard 102 The Financi81'Reporting Standard applioable in Ihe UK 8nd Republic ol Ireland (United Kingdom Generally
Accepled Accounting Practice).
In our opinion Ihe financial statements..
give a true and fair view of the state of the charity's affairs as at 5 April 2024, and of its incoming resource5
and application of resources including ils income and expev)diture for the year then ended.,
have been properly prepared in accordance wilh the United Kingdom Generally Accepted Acc;nunling Practice.,
and
have been prepared in accordance with the requiremenls of the Charities Act 2011.
Basis for oplnlon
We conducted L)ur audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our
responsibililles under Ihose standards are further described in the Auditor's 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 wth these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to going concern
In auditing the financial slalements, we have con¢luded that the trustees, use of the going concem basis of accounting in
the preparatlon of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relaling lo 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 al least twelve months from when the financial slalemenls are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in Ihe relevant
sections of this report.
Other infom)atlon
The other information comprises the information included in the trustees annual report, other than the financial statements
and our audilor's report Ihereon. The trustees are responsible for the other information.

THE CRISPIN DAVIS FAMILY TRUST
Independent Auditor's Report to the Trustees of The Grispin Davls Family Trust
Year ended 5 April 2024
Our opinion on the financial statements does not cover the other informalion and we do not express any form of assurance
Conclusion thereon.
Our responslbility is to read the other informatlon and, in doing so, consider whether the other information is materially
inconsistent with Ihe financial statements or our knowledge oblained in the course of the audit or olherwlse appears lo be
materially misslaled. If we identify such material inconsistencies or apparent material misstatemenls, we are requlred to
determine whether this gives rise lo a material misstatement In the financial statements themselves. If, based on the work
we have performed, wgconclude that there is a material misstatement of this other information, we are required to report
that fact.
We have nothing lo report in this regard.
Matters on which we are requirèd to report by exception
We have nothing to report in respect of the following matter5 in relation to which the Charities (Accounts and Reports)
Regulations 2008 require us to report lo you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the trustees,
report., or
Sufficient acGounllng records have not been kept., or
the financlal statements are not in agreement with the accounting re¢ords' or
we have not received all the information and explanations we require for our audit.
other matter
The comparative financial statements are unaudited as the Prior year financial statements were not subject to audit.
Responsibllltles of truslees
As explained more fully in Ihe statement of trustees. responsibilities set out on page 5, the trustees are responsible
l j for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the Irustees determine is necessary to enablè the preparation of flnancial statements that are free from
malerial 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, matlers related to going concern and using the going concern basis of
accounting unless the trustees elther intend lo liquldate the charity or to cease operations, or have no realistic alternative
bul to do so.
Auditor's rèsponsibililies for the audit of the financlal slatements
We have been appointed as auditor under section 144 of the Charities Acl 2011 and report in accordance with the Act
and relevant regulations made or having effect Ihereunder.

THE CRISPIN DAVIS FAMILY TRUST
Independènt Auditor's Report to the Trustees of The Crispln Davls Famlly Trust
Year ended 5 April 2024
Our obleclives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misslalemenl, whether due to fraud or error, and to issue an auditor's report Ihat includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UKI will
always detect a material misstalement when il exists. Misslalemenls 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 the financial statements.
Irregularities, including fradd, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, to detect material misstalemenls in respect of irregularilies, inGluding fraud. The
extent to which our procedures are capable of deteGtlng irregularities, including fraud is detailed below..
Based on our understanding of the charity and Ihe charity se¢tor, we identified that the prin¢ipal risks of non-compliance
with law and regulations related to the Charilies Act 2011, and we considered the extent to which non-compliance might
have a material effect on the financial slalements. We evaluated management's incentives and opportunities for
fraudulent manipulation of the financlal slalements (including the risk of override of controls) and the audit procedures
perfomied included..
Correspondence with Management including consideration of known or suspecled instances of non-compliance
with laws, regulation and fraud,.
Testing of bank transactions, including tracing grant payments made, to supporting infoTmallon.
Testing completeness of income
Testing accoltnling adjustments
Because of the inherent limitations of an audit, there is a risk thal we will not detect all irregularities, including those
leadlng to a material misstatement in the financial statements or non-compliance wlh regvlation. This risk increases the
more that compliance wlh a law or regulation is removed from the events and transactions reflected in the financial
statements, as we will be less likely to be¢ome aware of instances of non-complianee. The fisk is also greater regarding
irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery. collusion, omission
or misrepresenlalion.
A further description of our responsibililies is available on the Financial Reporting Council's website at..
htt s'.Ilwww.frc.or
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This descriplion forms part of our auditor's report
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THE CRISPIN DAVIS FAMILY TRUST
Indepèndent Audltor's Report to the Trustees of Tho Crispin Davis Famlly Trust
Year ended S Aprll 2024
Usè of our report
This report is made solely to the charity's Iruslees, as a body. in accordance wlh Part 4 of the Charities (Audit and
Reports) Regulations 2008. Our Audit work has btsen undertaken so that we might slate 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 fullesl extent permilled by
law, we do not accept or assume responslbility to anyone olher that the chariws trustees as a body, for our audit work.
for this report. or for the opinions we have formed.
Gibson Booth Chartered Accountanls & Statutory Audilors
New Court
Abbey Road North
Huddersfleld
HD8 8BJ
IDateJ 3. L >(
Gibson Booth is ellglble for appointment as auditor of the charity by virtue of ils eligibility for appointment as auditor of a
company under section 1212 ofthe Companies AGI 2006.

THE CRISPIN DAVIS FAMILY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
Year endod 5 April 2024
Unrestrlcted
Income
Fund
Expendable
endowment
Fund
Total
thls year
2024
Tolal
last year
2023
Note
Incomlng resources
Ipvestment income
210,276
210.276
217.675
Total In¢omlng resourses
210 276
210276
217.675
Resources expended
Charilable 8clivities
Grant and donallons
468,826
468,826
7,123
Govem8nce cost
5,880
5.880
Total resource$ expended
474,708
474,706
Net Incomlngl{outgolngl resources
before transfers
1264,430)
{264,430)
20Jf,332
Gross transfers between funds
58,591
{58,591)
Nat In¢omelloutgolng} resources before
other recognlsed galns and losses
1205,839)
(58,591)
(264,430)
205,332
other recognlsed galn$ and losses
28
28
478
Gainslllosses) on investments
976.786
976,786
(30Jf,4691
Net movements In funds
1205,811)
918,195
712,384
199,6 Jf91
Fund balance brought fo￿ard at 6 April 2023
205,811
8,328,267
8,534,078
8.633,736
Fund balance carrled forward at 5 Aprll 2024
9 246.462
9 246,462
10

THE CRISPIN DAVIS FAMILY TRUST
BALANCE SHEET
As at ended 5 April 2024
Total
this year
2024
Total
lasl year
2023
Note
Fixed assets
Inveslment at market value
8,899,738
8,097 CJ52
Current assets
Debtors
52,723
53,896
Cash al Handelsbanken Weallh & Asset Mgt
Cash al Handelsbanken Weallh & Asset Mgt (USD account)
303,155
806
356,684
378,536
8,852
441,285
Creditors.. amounts falllng due within one year
9.960
5,160
Net current assets
346,724
436,125
Total assets less current liabilities
9,246,462
8,534,078
Creditors.. amounts falling due after one year
Net assets
9,246,462
8,534,078
Funds
Expendable endowment fund
Unrestricted income fund
9.246,462
8.328,267
20Jf.811
8,534 078
9 246,462
so tt i.U.t.C.. .and signed on ils behalf
Approved by order ofthe board of trustees on... *.....
Slr Crispin
avis - Trustee
11

THE CRISPIN DAVIS FAMILY TRUST
CASHFLOW STATEMENT
As at ended 5 April 2024
2024
2023
Net Income for the year
(264,430)
205,332
Adjustments for
Interest and dividerfds
Exchange rate gains and losses
Decreasel{Increase) in deblors
{Decrease)Ilncrease in creditors
(210,276)
28
1,173
4,800
1217,6751
851
{420)
Cash flows from operating actlvltles
{468,703)
(11,9131
Cash flows from invèsting aclivities
Interest and dividends
Proceeds from sale of investments
Purchase of investments
210,276
175,000
218,1)r4
12Jr,000
Net cash used by Investlng actlvStles
385,276
343,154
Change In cash and cash equivalents
Cash and cash equivalents brought forward
Cash and cash equivalents carrled fomard
(83,427)
387,388
303.961
331,241
56,147
387.388
12

THE CRISPIN DAVIS FAMILY TRUST
ACOUNTING POLICIES
Year ended 5 Aprll 2024
Basis of preparing the financlal statements
The financial statements of the Gharity, which is a public benefit entity under FRS 102, have been prepared In
accordance with the Charities SORP {FRS 1021 "Accounling and Reporting by Charilles: Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with Ihe Financial
Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019)"
Financial Reporting Slandard 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland and the Charities Act 2011. The financial statements have been prepared on a going ¢onGern basis
and under the historical cost convention with the exception of investmenls which are included at market value,
as modified by the revaluation of certain assets.
Going Concern
There are no material uncertainties about the charity's abilily to conlinve.
Income
All income is recognised in the Slatement of Financial Activities once the charity has enlillemenl to. the funds,
il is probable that the income will be received and the amount can be measured reliably.
Expendlture
Liabilities are recognised as 8xpenditure as soon as there is a legal or constructive obligation committing the
charily to that expenditure, il 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 the headings that aggregate all cost related to Ihe category. Where costs cannot be
directly attrlbuted to particular headings Ihey have been allocated to activities on a basis consistent with the
use of resources.
Grants offered subject lo conditions which have not been met at the year end dale are noted as commitment
bul not accrued as expenditure.
Taxalion
The charity is exernpl from tax on its charitable activities.
Fund Accountlng
Unreslricled funds can be used in accordance with the charitable objectives al the discretion of the trustees.
The expendable endowment fund has been invested lo primarily produce income although the trustees may
use the fund for charitable PUTposes if required.
Restricted funds can only be used for a particular reslrieted purposes within the objects of the charity.
Restrictlons arise when specified by the donor or when funds are ralsed for particular reslri¢ted purposes,
Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange rullng al Ihe
balance sheet date. Transactions in foreign currencies are translated into sterling at the rale of exchange
ruling at the dale of transaction. Exchange differences are taken into account in arriving at the operating
result.
13

THE CRISPIN DAVIS FAMILY TRUST
ACOUNTING POLICIES
Year ended 5 April 2024
Investments
Investments are shown at market value al the balance sheet date. All gains or losses on the revaluation or on
di$p05al are In¢luded in the Slalement of Financial Activilies
Investment income is recognised as receivable.
Flnancial Instruments Policy
A finan¢ial asset of a financial liability is recognised only vthen the charity become a party lo the contraclual
provisions of the instrument.
Basic financial inslrumenls are initially recognised at the transaction price, unless Ihe arrangement constilules
a financing transaction, where it is recognised at the present value of the future paymenl discounted al a
market rale of interest for a slmilar debt instrument.
14

THE CRISPIN DAVIS FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year endgd 5 Aprll 2024
2024
2023
1 Investment income
COIF Charlties Global Equily Income Fund Income Units
COIF Charltles Global Equity Income Fund Income Units
COIF Ch8rilie5 Global Equity Income Fund Income Units
COIF Charitie5 Global Equlty Income Fund Income Units
Portfolio deposit (GBP)
Portfolio deposil (USD)
52,723
52,415
52,415
52.723
54,747
53,896
149
28
Ilnve$lment income is all unresliicted funds income)
Dlvidend diylribulions dtse bul not paid al S April 2024
210,276
217,675
2 Grants made
Whizz Kid
Tushinde Children's Trust
UBS Optimus Foundation
School Home Support
Mer¢ey Learning Centre
Sl Eiidellion frijsl
Hampshire Stadium
Clean Air Green Environinenl
Frien(Is of Amity
50,000
45,000
300,000
65,750
8,076
2.000
1,000
3,000
1.123
IGranl expenditure Is all Un￿stricted Fund expendilurg)
468,828
Grants commltments
3 Governance cost
Independent Audit fees -
Accountancy fees -
Independent Examiners fee-
1,800
4,080
60
4,080
1,080
(Governance expendilut8 is all unre5lrlcled lund expendilurel
5.880
5,220
Notes continued over
15

THE CRISPIN DAVIS FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 5 Aprll 2024
2024
2023
4 Market value
Carry {maFketl value at beginning of year
Add Additions at cost
Less disposals at carry value
Addl{deduct) net gainl(loss> on disposals
Addl{deduct) net gainl(loss} on revaluation
Carry {markel} value at end of year
8,097.952
lj,528,421
(175,000)
(125.0001
976,786
8,899,738
30Jf,469
8 097,952
Bank Charges & Excbange rate adjustments
Exchange rate variances on Dollar aGGounl
28
478
28
478
Analysis of Investment
'Mkl Value
al year end
'[￿k1 Value
al year end
FixedAssets
3,083,228.30 COIF Charities Global Equity Income Fund
Income Units
8,899,738
Total
('Based on Ihe mid market valuations provided by CCLA}
8,899,738
5 Debtors
Dividends due bul not paid at 5 April 2024.
52,723
52,723
53,896
6 Crèdltors: amount falling due within one year
Accountancy fees -
Independent Audit fees-
Independent Examiners fee -
8,160
1,800
4,080
1,080
7 Creditors: amount falling due after one year
Grants commitments
Notes continued over
16

THE CRISPIN DAVIS FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 5 April 2024
8 Analysls of Funds
Al
06-Apr-23
Income
Expenditure
Gainsllosses
& transfers
At
05-Apr-24
Expendable endowment funds
Unrestricted funds
8,328,267
205,811
918,195
58,591
9,246,462
210,304
{474,7061
8,534,078
210.304
474,706
976,786
9,246,462
At
06-Apr-22
Income
Expenditure
Gainsllosses
& transfers
At
05-Apr-23
Expendable endowment funds
Unrestricted funds
8,633,736
1305,469)
478
8,328,267
205,811
217,675
(12,3431
8,633,736
217,676
12,343
304,991
8.534.078
Unrestricted funds are available for use at the discretion of the Iruslees in the fLtrtherance of the general
charilable objeclives.
Expendable endowment funds are primarily invested to produce income bul may be used to fund
charitable purposes.
9 Analysis of changes in net debt
At
06-Apr-23
Cash flows
other non-
cash changes
At
05-Apr-24
Cash and Cash equivalents
387,388
(83,4271
303,961
Total
387,388
303 961
10 Rélated Party Disclosures
There were no related party disclosures In the year.
11 staff costs and Trustees. Remuneratlon and Benefits
There were no employees of the charity during Ihe year. The trustees received no remuneration.
There were no ￿ imbursed expenses in the year. In the previous year there were no reimbursed expenses.
17