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 absOl￿e 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
Rese￿e$
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 a￿1 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 cOnfi￿n 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 re￿rdS.,
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