THE AB DAVID CHARITY ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2025 THE AB DAVID CHARITY CHARITY NUMBER: 1152116 ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 CONTENTS Page Trustees, Annual Report Statement of Tru5tee8' Responsibilities Independent Examiner's Report Receipts and Payments Account statement of Assets and Liabilities Notes to the Financlal Statements THE AB DAVID CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 The A B Davld Charlty is registered wlth the Charity Commissioners, Charily Regislration Number 1152116. It is constituted by Trust Deed, dated 14 March 2013, amended on 16 December 2013. The following served as Iwstees during the period: Mr Anton Brooke Sh&llim Mr Michael Shellim Mrs Valerie Flora Collis Mr Damlan Paul Bloom The Trust holds accounts at.. Natwest, St John's Wood Branch 102 St John's Wood High Street London NW8 7SL The accounts were examlned by.. Rlckard Luckln Llmrted First Floor. County House. 100 New London Road. Chelmsford, Essex, CM2 ORG THE AB DAVID CfrIARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 6 APRIL 2026 (Contlnued) Charlty's objects The objects ol the charily are to advance. promote or carry out such ch3rit8ble purposes as Ihe Iruslees in their absolute discretion from time lo lime Ihink fil. The charity will have a pariicular emphasls on the advancement of education and heallh. stru¢ture, Governance and Management The Charity is governed by its trusl deed dated 14 March 2013 as amended by deed dated 16 December 2013. The Iruslees Ihal held oifice during the year are listed abo1￿. New Irustees are app¢Jnled by the board of trustees and are given an Induction pack which Includes Ihe trust deed and guldelines on how to perform their dulles as a truslee. Addillonal training 16 given as and when necessary. Actlvltles and Achlevemenls The charlty wa8 first regislered on 21 May 2013, During the perlod, the charity received no donations bul made a number ol donatlon8 lo varlous chafilable projects lolalling £30,500. The trustees have had regard to guldance published by the Charily Commls31on on publlc benefil. Flnanclal revlew The Charity made a surplus of £40,437 In the year ended 5 Aprll 2025, meanlng year end reseNes afe £142,190 (2024.. £101,753). The principal funding source is receSpls from non. monetary investments and dividends. Pollcles Reserves 11 is the policy ol the Iruslees to maintain res8tves in the Charity at a levgl to enable it lo be admlnistered efficiently, to rneet Ils short lefm expenditure requirements 8nd to have adequate iesources to lund ils charitable objectives. Current year end reserves are £142,190. The Charity's Ga5h reserves are held in an account with Natwesl Bank Plc, and in accounts managed a5 part of the Charity's investment portfolio by Meridiem Investment Management, liiveslinenls The Charily's Investments are held In a portfolio managed by Meridiem Inv681ment Managernent. Mrs Valerle Collis Trustee On behalfoflhe Board ofTruslees Dale.. THE AB DAVID CHARITY STATEMENT OF TRUSTEES, RESPONSIBILITIES The Charities Act 2011 and the Trust Deed requires the Trustees to prepare flnancial statements for each flnancial year. Th8 trustees have, as permitted, prepared the financial statements on a recelpts and payments basis in accordance with the requirements of the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the Charities SORP IFRS102). The Truslees are responslble for k8eping proper accounting records which disclose with reasonable accuracy at any time thefinancial position ofthe Trust and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responslble for safeguardlng the assets of the Trust and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AB DAVID CHARITY I report to the trustees on my examination of the account5 of The AB David Charity {'the charity,) for the year ended 5 April 2025 which comprise Ihe summary of receipts and payments and the statement of assets and liabilities. Thls report is made solely to the charity's trustees, as a body. in accordance with sectlon 145 of the Charities Act 2011. My work has been undertaken so that I mlght state to the charity's trustees those matters l am required to slate to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the oplnlons I have formed. Res onsibilities d basis of re ort As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2011 ('the Act,). I report in respect of my examination of the charily's accounts carried out under seclion 145 of the Act and in carrying out my examination I have followed all the applicable Dlreclions given by the Charity Commission under section 145(5}(b) oflhe Act. An independent examination does not Involve gathering all the 8vldence that would be requlred In an audit and consequently does not COV8r all the malters that an audltor considers in giving thelr opinion on the financial statements. The planning and conduct of an audlt goes beyond the limlted assurance that an independent examinalion can provide. Consequently l express no opinion as to whether the financial statements present a 'true and fair, view and my report is Ilmlted to those specific matters set out in the independenl examiner's statement. de dent Examln SS en I have completed my examination. I confirm material rnatters have come to my attention In conneGllon with Ihe examination giving me cause to believe that in any materlal respecl., accountlng records were not kept in respect of the charity as requlred by section 130 of the Act,. or the accounts do nol accord with those records; I have no concerns and have com8 across no other matters in connection with the examination to which attention should be drawn In thls r8POrt in order to enable a proper understanding of the accounts to be reached. Janine Mansfield FCA RICKARD LUCKIN LIMITED CHARTERED ACCOUNTANTS First Floor, County House. 100 New London Road, Chelmsford, Essex, CM2 ORG Date: 2 * J c.KINI?C.I f THE AB DAVID CHARITY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 2026 2024 RECEIPTS Receipts from non-monelary investments Dividends Interest Olher 69,801 18,238 12,461 802 34,887 18,927 11,405 298 TOTAL RECEIPTS 101,302 PAYMENTS Donations to charitable activlt188 Management fees Legal and professional fees Olher TOTAL PAYMENTS 30,500 20,145 10,050 170 34,000 18,242 8,820 Net Recelptsl(Payments) 40,437 3,454 Bank balances al 6 April 2024 101,753 98.299 Bank balances al S April 2025 142,190 101753 All receipts and payments are unrestricted funds THE AB DAVID CHARITY STATEMENT OF ASSETS AND LIABILITIES AS AT 6 APRIL 2025 2025 2024 Cash funds Nalwesl current account Meridiem capital accounls Meridiem income accounls Meridieni USD a¢Gount 9,548 128,253 4.205 184 8,151 90,410 3.022 170 142.190 101,753 nvestmen assel 2026 2024 Meridiem portfollo al maikel value 2,574.561 2,638,082 Llabllltles 2026 2024 Accrued accounlancy fees 5,160 5.040 Mrs lialerie Collis Trustee Signed on behalf ol Ihe board of Trustee8 Date.. THE AB DAVID CHARITY NOTES TO THE FINANCIAL STATEMENTS AS AT 5 APRIL 2025 1. None of Ihe trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Legal fees and disbursements tolalling £5,010 (2024: £3,900) were paid to Taylor Wessing. solicitors, a firm in which D Bloom is a partner. No separate charge is made for any activities carried out by D Bloom on behalf of the trust.