THE AB DAVID CHARITY ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE AB DAVID CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 The A B Davld Charity 1$ reglslered with tha Charity Commlssioners, Charity Registration Number 1152116. It is constiluted by Trust Deed, dated 14 March 2013. amended on 16 Decamber 2013. The following served as trustees during the period.. Mr Anton Brooke Shellim Mr Mlchael Shellim Mrs Valerle Flora Collis Mr DamSan Paul Bloom The Trust holds accounis at. Natwesl, St John's Wood Branch 102 St John's Wood Hlgh Street London NW8 7SL The accounts were examined by: Rickard Lu¢kln Llmlted Flrsl Floor, County House, 100 New London Road, Chelmsford, Essex, CM2 ORG
THE AB DAVID C14ARITY . TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED i APRIL 2024 (Continued) Charlty's objects The objects of the charity are to advanco, promote or cafry oijl such charitable purposes as the Iruslees in their absOle discretion from time tD time thlnk fit. The charity wll have a particular emphasis on the advanTrment of education and health. Structure, Governance and Planagement The Charity is govemed by ils trust deed dale(114 March 2013 as amended by deed dated 16 December 2013. Th6 trustees that held office thjring the year are listed above. New trustees are appointed ty the board of tnistees and are given an induttion pack which includes the trust deed and guidelines on how to perforrn thelr duties as a trustee. Addillonal training is given as and when necessary. Activltles and Achlevemenl$ The charity was first registered on 21 May 2013. During the period, the charity received no donations bul made a number of donations to various charitabl6 proj6cAs tolalling £34.tK)o. The Iruslees have had regard to guidance published by the Charlty Commlssion on public benefit. Flnan¢lal r&vlÈw The Charity made a surplus of £3,454 in the year ended 5 April 2024, meaning year end .reseNes are £101,753. The princlpal funding Source is receipts from non-monetary Investments and dividends. Poll¢l&s Resee$ It is the policy of the trustees to maintsin reserves in the Charrty at a level to enable it lo be administered eficienlty, to meet ils short tem expenditure requirements and to have adeqltale resourcas lo fund ILS charitable objectives. Current year end reserves are £101,753. The Charity's cash reserves are held in an account with Nalwest Bank Plc. and In acLounl8 m8nag8d as part of the Charity's inv<hstmenl portfolio by Verilas Investment Management, Investm&nls The Ch8rity's investments are held in a portfolio managed by VerÉtas Investment Management. Mrs Valerie Collis Trustee On behalf of the Bo8rd of Trustees Dale:
THE AB DAVID CHARITY STATEMENT OF TRUSTEES, RESPONSIBILITIES The Charities Act 2011 and the Trust Deed requires the Trustees to prepare financial stalem8nts for each fi.nancial year. The trustees hav8, as pemiitted, wepared the financial slalements on a rec6i)ts and payments basis in accordance with the requirements of the Charitses Act 2011. the Charity IA¢count8 and Reports) Regulations 21J08 and the Charities SORP (FRS102). The Tnjstees are responsible for keeping proper accounting records which dlsclose wtth roasonable accuracy at any time the financial position of the Trust and to enable them to ensure that the financlal statements comply with thè Charities Act 2011. They are 81so responslbl8 for safeguarding the ass81s of the Trust and hence for taking reasonable steps for the pr8venlion and detection of fraud a1 other Irregularitles.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AB DAVID CHARITY I reportto the trustae3 on my examination ofthe accounts ofThe AB David Charily {'the charity,) for the year ended 5 April 2024 which comprise the summary of receipts and payments 8nd the statement of assets and Itabililies. This report is made solely to Ihe charity's trustees, as a body, In accordance with section 145 of the Ch8llties Act 2011. My work has been undetlaken so Ihat I mighl State to Ihe charity's Iruslees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do nol accept or assume responsibility to anyone olh&r than the charity and th8 charity's truslees as a body, for my wotk, for this report, or for tha oplnions I have fomied. R8S onslbllSties and basis of re ort As lh8 Irust6es of Ihe chailty you are responsible for the preparation of tha accounts In accordance with thè requirements of the Companles Act 2011 ('the Act,). I report in respect of my examlnation of the charlty's accounts carried out under 8ectson 145 of lh8 Act and In carrylng out my examlnalion I have follow8d all the appllcable Directions given by the Charity Commlsslon under section 14515}(bl of the Act. An independ8nt examlnatlon does not involve gatherlng all the evldence that would be requlred In an audit and consequently do&s not cover all the mallers that an auditor considers In giving Ihelr oplnlon on the ftnancial statements. The planning and conducl of an audit goes beyond the limited assurance that an independent examlnalion can provide. Consequèntly l express no oplnlon as to whether the financlal stal&ments present a 'true and fairf view and my report is limited to those speclfic matters set out In the Ind8P8nd8nt examlner's Statement. Inde 8nd8nt Examlnèr's State 8nt I hav8 completed my examination. I cOnfin no malerial matters have coma to my att8ntion in connection with the examination giving me cause to believe that in any material resp8cI'. accounting records weTe not kepl in respect of the charity as required by section 130 ofrlh8 Act., or the accounts do not a(rd wilh those rerdS., I have no concems and have come across no other matiers in connection with the 8X8rnination to which altention should be drawn in this report in order lo enable 8 proper underslandlng of Ihe accounts to be reaGhed. Janine Mansfield FCA RICKARD LUCKIN LIMITED CHARTERED ACCOUNTANTS Flrsl Floor, County House, 100 New London Road, Chelmsford, Essgx, CM2 ORG
THE AB DAVID CHARITY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 RECEIPTS Receipts from non-monetary invesknents Dividends Interest Other 34,887 18,927 11,405 185,622 16,922 11,459 172 TOTAL RECEIPTS 214,175 PAYMENTS Donations to charitable activitles Management fees Legal and professional fees other 34, 000 18,242 8,820 1.001 276,000 18,613 11,370 173 TOTAL PAYMENTS Nel RecelptsllPaym8nls) 3,454 (91,9811 Bank balances al 6 Aprll 2023 98.299 190,280 Bank balances at 5 April 2024 All recelpt8 and payments ar& threslricled funds
THE AB DAVID C14APITY STATEMENT OF ASSETS AND LIABILITIES AS AT 5 APRIL 2024 2024 2023 Castri Funtis Natwest current account Verilas ¢apit81 accounts Veritas income accounts Verltss USD account 8.151 90.410 3,022 170 6.455 88,765 2,928 151 101.753. 98,299 nvestments a8 els 2024 2023 Verilas portfolio at market value 2.638,082 2,382,570 Llabiliiles 2024 2023 Accrued accountancy fees 5.040 4.920 MTS Valerie Collis Trustee Slgned i?n behalf of the b08rd of Truslees Date.. //12f