DAVID AND YUKO JUDA ART FOUNDATION
(a Charitable Incorporated Organisation)
REPORT AND UNAUDITED ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Charity number: 1171868

DAVID AND YUKO JUDA ART FOUNDATION
l N D EX
Year ended 31 December 2024
Page
Report of the Trustees
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements

DAVID AND YUKO JUDA ART FOUNDATION
REPOR T OF THE TRUSTEES
Year end8d 31 December 2024
The trustees Pfesent their report and financial statements for the year ended 31 December 2024. The
financial statements have been prepared in accordance with the accounting policies set out in note 1 of
the notes to the financial statements. with the Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS102) {effective 1 January 2019).
The David and Yuko Juda Art Foundation is a charitable incorporated organisation and became a
registered charity on 2 March 2017.
Structure, govemance and management
The names of the trustees who served throughout the year are stated on page 3.
The David and Yuko Juda Art Foundation is govemed by a board of trustees who meet quartety to
discuss the foundation's strategy, including grant making. investment, risk management. policies and
performance. The board currently consists of five trustees listed on page 3. New members of this board
will be selected and appointed by existing trustees. New trustees are provided with guidance as to their
responsibilities from existing trustees.
The David and Yuko Juda Art Foundation is governed by a Constitution dated 25 January 2017.
Application of income of the charity is limited to the promotion of its objects. Decisions are made by
simple majority of votes cast at a meeting of the trustees.
Objects and activities for the public benefrt
The David and Yuko Juda Art Foundation is a grant giving charity funded by Yuko and David Juda and
Annely Juda Fine Art Limited.
The Foundation's main object is to advance such charitable purposes (according to the law of England
and Wales) as the charrty trustees see fit from time to time and in parbcular, but not limited to, the
adVan￿rnent of the arts by makin9 grants to individuals.
The David and Yuko Juda Art Foundation actively seeks projects to fund and does not accept unsolictted
applications for grants.
The policy of the charity is to continue to apply the Unrestricted Funds for general charitable purposes in
furtherance of the main objecttve.
The trustees. having regard to the Public Benefit Guidance published by the Charity Commission in
accordance with section 17 of The Charities Act 2011, consider that the purpose and activities of The
David and Yuko Juda Art Foundation satisfy the requirements of the public benefit test set out in section 4
of the same Act by employing a respected and knowledgeable curator to put forward approximately 8 - 20
artists for consideration for one or more grants. These are to be chosen by five trustees and advised by 3
senior members of museums andlor instituts'ons through a judging process for one or more artists to
receive a grant to further their career in the public domain, which would be a benefit to the cultural
environment and general public. The trustees require the recipients of the grant to keep them fully
updated both vefbally and in writing to make sure that the grant is correctly utilised in meeting the
objectives of the charity-
Achievements and perfomance
The Foundation achieved its objective of making an annual grant of £50,000 to one artist to help alleviate
financial Pressures and give the artist freedom to concentrate on their practice. On occasion, an additional
special grant of £10,000 is awarded to another artist for the same purpose at the trustees discretion. An
independent curator put forward 7 artists for the grant. The grants were awarded by a panel of judges
including the charity trustees and a selection of guest Judges and art experts from various institutions.
The charity has no significant recurnng overheads and therefore has no need to maintain reserves at
particular level in order to ensure its continued operation.
The Foundation received donations of £Nil (2023 - £50.000) during the year.

DAVID AND YUKO JUDA ART FOUNDATION
REPO R T OF THE TRUSTEES (contin ued)
Year ended 31 December 2024
Risk management
The trustee5 have assessed the major risks to which the Foundation is exposed, in particular those related
to the operations and finances of the Foundation, and are satisfied that systems are in place to manage
the exposure to the major risks.
Reference and administrative detsils
Trustees
P Calkin
DFJuda
Y Juda
N Fellmann
R Fau5kner
Registered and principal office
71 Queen Victoria Street
London
EC4V 4AY
Charity number
1171868
Bankers
Barclays Bank PIC
1 Churchill Place
London
E14 5HP
Independent examiner
D C Mellor
22 Chancery Lane
London
WC2A 1LS
Trustees, responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees. annual report and financial statements in
accordance with applicable law and United Kingdom Accounting standards.
The law applicable to charities in England and Wales requires the charity trustees to prepare financial
statements for each year, which give a true and fair view of the state of the affairs of the charity and of the
incoming resources and application of resources, of the charity for that period. In preparing the financial
statements, the trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the applicable Charities SORP-
make Judgements and estimates that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject to any material departures
that must be disclosed and explained in the financial statements,
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that
the charty will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the financial
statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports)
Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets
of the charty and taking reasonable steps for the prevention and detection of fraud and other irregularities.

DAVID AND YUKO JUDA ART FOUNDATION
REPOR T OF THE TRUSTEES (continued)
Yearendad 31 Dècember 2024
Declaration
The trustees declare that they have approved the trustees, report above.
On behalf of the board
DFJUDA
2025

DAVID AND YUKO JUDA ART FOUNDATION
ST A TEME NT OF FI NANCIAL ACTIVITI ES
Year ended 31 December 2024
Total
Unrestricted
Funds
Total
Unrestricted
Funds
Note
2024
2023
Income and endowments from:
Donations and legacies
Total income
50,000
50,000
Expenditure on:
Charitsble activities
(66,226)
(66,226)
(79.347)
(79,347)
Total expenditure
Net (expenditure)lincome
{66,226)
(29,347)
Net movement in funds
{66,226)
109,417
(29,347)
138, 764
Total funds brought fo￿ard
Total funds Carried forward
43,191
109,417
The Ststement of Financial Activities includes all gains and losses for the year. All income and
expenditure derive from continuing activities.

DAVID AND YUKO JUDA ART FOUNDATION
Charity number: 1171868
BALANCE SHEET
At 31 December 2024
Note
2024
2023
Current assets
Cash at bank
44,991
111,517
44.991
111,517
Creditors: amounts falling due within one year
Net current assets
{1,800)
43,191
(2, 100)
109,417
Total assets18ss current liabilities
43,191
109,417
Total funds of the charity:
Unrestricted income funds
43,191
109,417
Total
43,191
109,417
The accounts on pages 6 to 10 were apkyoved by the board of directors on 2Trh JA•4UA&Y 2025 and were
signed on its behaff by..
DFJUDA
Trustee
Y JUDA
Trustee
/A74

DAVID AND YUKO JUDA ART FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year endèd 31 December 2024
Accounting policies
The principal accounting policies adopted, judgement and key sources of estimation Un￿rtaInty in the
preparation of the financial statements are as folb)ws:
(al Basis of preparation and assessment of going concern
The financial statements have been prepared in accordance wrth Accounting and Reporting by Charities".
Statement of Recommended Practice applicable to charities preparing iheir accounts in accordance with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January
2019}- (CharIt￿S SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 1021 and the Charities Act 2011.
David and Yuko Juda Art Foundation meets the definition of a public benefit entity under FRS 102. Assets
and liabilities a￿ initialty recognised at historical cost or transath'on value unless otherwise stated in the
relevant accounting policy note.
The trustees consider that there are no material uncertainties about the Foundation's ability to continue as a
going concern for the next 12 months and fores&able future. The Foundation only makes grants available
to individuals in line with its objectives, On￿ funding for that grant has been receNed.
(b) Fund accounting policy
Unrestricted funds are general funds that are available for use at the trustees, discretion in fvrtheran￿ of the
objectives of the charity
(c) Incoming resources
Al income is recognised in the statement of financial activities when the David and Yuko Juda Art
Foundation has entitlement to the inccffle, rt is probable that the income will be received and the amount of
the income Can be measured reliabty.
Donations are recognised when the Foundation has been notffied in Yfflting of both the amount and
settlement date. In the event that a donation is subject to conditions that require a level of perfonman
before the charity is entslled to the funds. the income is deferred and not recognised until either those
conditions are ful￿ met, or the fulfilment of those conditions is wholly within the control of the charity and it is
probable that those condrtions will be futfilled in the reFQrting period.
(d) Resources expended
Liabilities are recognised as soon as there is a *al or constwctNe obligation committing the charity to the
expenditure, it is probable thal settlement will be required and the amount of the obligation can be measured
reliably.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related to the category, for further information on the allocation and apportionment of support costs
across these categories refer to note 3 bebw.
(e) Financial instruments
Financial instruments are recognised in the Foundation's Balance Sheet when the Foundation becomes
paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net
amounts presented in the financial statements. when there is a legally enforceable right to set off the
recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the
liability simultaneously.

DAVID AND YUKO JUDA ART FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 December 2024
Basic financial assets
Basic financial assets, which include receivables and cash at bank. are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transacts'on is measured at
present value of the future r￿lpt$ discounted at a market rate of interest.
Basic financial liabslities
Basic financial liabilities, including payables, are inits'alty recognised at transaction price unless the
arrangement constitutes a financing transaction. where the debt instrument is measured at the present value
of the future payments discounted at a market rate of interest.
Donations and legacies
2024
2023
Unrestricted income from donations
50,000
50, 000
Analysis of charitable expenditure
2024
2023
Charitable activities
Donations to individuals
Support costs
50,000
16.526
60,000
19,347
66,526
79,347
Analysis of support costs
2024
2023
Accountancy fees
Independent examination fees
Curator fees
PR Consultancy fees
Nominated artists, costs
1,800
1,140
6,286
1,620
990
6, 737
2,000
8,000
7,000
16,226
19,347
Credltors: amounts falling due within one year
2024
2023
Accruals
1,800
2,100
1,800
2,100
Trustees, remuneratlon and related party transactions
No trustees received remuneration or reimbursement of expenses during the period. The Foundation has
no staff. During the year. no donations were received.

DAVID AND YUKO JUDA ART FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 December 2024
Taxation
The David and Yuko Juda Art Foundation is a registered charity and as such is exempt from tax on its
income to the extent this is applied for charitable purF>)ses.
Analysts of funds
At 1 January Incoming Resources At 31 December
2024 resources expended
2024
Analysis of fund movements
Unrestricted fund
109,417
(66,226)
43,191
The above funds are explained further in the accounting policy on page 8.
Analysis of funds between net assets
Net current
assets
Total
Unrestricted fund
43,191
42,891
Total funds
43,191
42,891
10