# **Annual Report Ida Davis Family Foundation Ida Davis Family Foundation Annual Report and Financial Statements for the year ended 31 March 2021** **Registered Charity Number 1175286 www.IDavisFoundation@aol.com** ## **Ida Davis Family Foundation Annual Report and Financial Statements for the year ended 31 March 2021** |**Contents**|| |---|---| |Page|| |Report of the Trustees|1| |Independent Examiners Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Financial Statements|9 to| |11|| |Detailed Statement of Financial Activities|| |12|| |________________________________________________________________________________|| ## **Trustees** Kenneth Davis (Chairman) Robert Cammidge Adrian Cammidge ## **Registered Ofice** 178 Eastern Esplanade, Thorpe Bay, Southend -on -Sea, Essex, SS1 3AA **Registered Charity Number** 1175286 ## **Accountants** Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA ## **Bankers** Barclays Bank Po Box 13 63-65 High St, Rayleigh SS6 7ELRayleigh **Solicitors** Wilsons, Alexandra House, St. Johns Street, Salisbury, SP1 25B **Investment Advisors** Cazenove Capital, Schroeder & Co. Limited,1 London Wall Place, London EC2Y SAU **Ida Davis Family Foundation Report of the Trustees for the year ended 31 March 2021** ## **Report of the Trustees** The trustees present their report, together with the financial statements for the year ended 31 March 2021. The financial statements have been prepared in accordance with the Charities Act 2011 and the Accounting and Reporting of Charities Statement of Recommended Practice (Charities SORP( FRS 102) ) . The Trustees have had regard to the Charity Commission's guidance on public benefit. ## **Structure, Governance and Management** The Ida Davis Family Foundation was registered as a CIO on October 20th, 2017. The governing document is the Foundation Constitution. At the Trustees meetings, held physically and electronically in 2020 and 2021 the Trustees discussed the performance of the financial adviser, the accounts and banking and reviewed grant proposals, due diligence and future strategies. ## **Trustees** The Trustees who served throughout the year were: Kenneth Davis Robert Cammidge Adrian Cammidge ## **Objectives and Activities** The objects of the Foundation, as laid out in the CIO Constitution, are to alleviate poverty, to advance education, to relieve sickness and to promote health and to preserve and protect the natural environment at home and abroad. As a grant making charity, the Constitution also provides for general charitable purposes for Public Benefit. Our objective is philanthropic with special emphasis on providing grants for projects that provide training and education which will promote poverty alleviation and better health outcomes and with a focus on lowand middle-income developing countries. Our perspective is international, and our charitable goals are pursued across a range of countries as well as in the UK. The needs continue to grow. Inexperience, failures of governance and corruption in many developing countries could impede the successful implementation of some projects. For this reason, the Foundation operates by providing grants to UK based charities which have the experience, staff, oversight and infra-structure to ensure the goals of the projects are met. In addition, the Foundation provides follow-up due diligence to ensure our funds fulfil their purpose. The Foundation is committed to providing support and multi-year grants to meet the needs of the charity grantees that we serve. 1 The third Fiscal year of the Foundation continued to be a period of learning as a young charity, building on the lessons of 2018/2019 and the initial months of 2020. The year was dominated by the impact of the Covid pandemic both at home in the UK but also affecting international projects. Covid caused project delays, paused project implementation and significantly reduced the number of planned projects to be supported. Lockdowns, travel restrictions and social distancing represented major disruptions to the day-to-day administration of the Foundation, and this was further disrupted by the hospitalisation of one of the Trustees. Almost all projects were affected, and a number of new projects examined and reviewed for Africa and India were set back. It was challenging and frustrating. Particularly after 2 years in which climate change and droughts had been major negatives. ## **Ida Davis Family Foundation Report of the Trustees for the year ended 31 March 2021** But the Foundation has made good progress. Grant giving activities were expanded and the total funds distributed was doubled. We gained experience and grew the number of charities to be invited to apply for grants. We are very optimistic. We believe we are now better prepared to grow the size and scale of our donations and to expand the size and number **o** f charitable organisations that we will invite to apply for grants. We are poised for growth. We again supported charities registered and located in the United Kingdom with strong governance which administer activities in developing countries. We invited applications and again awarded grants to registered charities with whom we had enjoyed some success. Specifically, we awarded grants for Women's Bee Keeping projects in Uganda, Malawi and Sierra Leone, a land conservation project in Sierra Leone, a HIV health education project and a health and welfare project in South Africa. Projects in India and Nepal following on the successful test study of 2018/2019 were paused for later 2021 implementation. This was necessitated by government Covid virus regulations. Two food distribution projects that had been awarded grants in South Africa in 2019 and were underway, were similarly halted due to government Corona virus regulations. In South Africa, we examined and conducted due diligence on three wildlife projects (Ground Hornbill, Rhino and Vultures) and while we admired and were supportive of the objectives and goals of the organisations involved, declined the applications because the charities did not meet our constitutional requirements. In the UK, we followed up an initial grant to the Essex Wildlife Trust and invited proposals for a specific expanded project. We accepted their proposal for a local pilot project and have started implementation of a local project designed to help restore a species of bees that are close to extinction. 2 From a finance standpoint, our investments with Cazenove initially took a major hit at the outset of the pandemic. Fortunately, this decline has been reversed and we enjoyed significant income and gains as the year progressed. We are happy with the results. During this initial period of learning and gaining experience, we have concentrated our grant making activities on smaller charities and have made modest grants. We believe we are now in a stronger financial position and are better-informed and more experienced to implement a program of larger grants in 2021 /22 with larger charities on a restricted funds basis. Naturally we rely on governments getting the pandemic under control to permit successful execution. ## **Grant Making Policy** The Trustees identify registered charities that align with the purposes and objectives of the CIO, conduct due diligence to ensure the suitability of the charity as a recipient of funding and invite grant applications as and when the Trustees identify suitable projects they wish to support. The majority of grants are made to charities registered in England and Wales. Application for all grants is made by invitation only. Those organizations that are invited to apply must use the Foundation guidelines or form formats. The preference of the Trustees is to award grants as restricted funds for specific projects where results can be identified and measured rather than as a contribution to general funding. The Trustees consider both one-off grants and multi-year funding. Projects they wish to support are identified by the Trustees on their own research and investigations and personal knowledge of the area of benefit of the charity. Requirements for reporting back to the Foundation will vary depending on the amount of the grant. ## **Ida Davis Family Foundation Report of the Trustees for the year ended 31 March 2021** |**Grants awarded in**|**2020/21**|| |---|---|---| |Bees Abroad|Malawi|GBP 4,651| ||Uganda (Jireh)|GBP 1,265| ||Mt Rwenzori|GBP 5,800| ||Nigeria|
postponed| ||India|
postponed| ||Nepal|
postponed| |Chiva Africa||GBP 3,500| |Rory's Well|Sierra Leone|
GBP 5,000| |Khanyisa Trust||
GBP 1,000| |Essex Wildlife Trust||GBP 5,793| |Total
||GBP 27,009| 3 ## **Highlights of Grants Awarded in 2020-2021** ## **BEES ABROAD** . The Foundation has developed a strong working relationship with Bees Abroad and has supported projects in several different countries. We share the same objectives and goals; -- to develop sustainable resources for impoverished communities to improve their lives and enhance their resiliency. Bees Abroad is a UK registered charity that provides training to men and women in lowincome communities to learn about beekeeping, including training to use local resources to make hives, bee suits and bee keeping equipment. Bees Abroad operates in a wide range of African and Asian countries. Prior to Covid travel restrictions, beekeepers/trainers from Bees Abroad travelled to each location to provide on the spot training and supervision, conduct due diligence and provide performance reports. With foreign travel restrictions because of Covid, Bees Abroad have developed a WhatsApp telephone reporting system to replace/supplement on the spot supervision. This appears to be working well. ## **Bees Abroad -Malawi** The Foundation approved a grant for a 3-year program in Malawi. The project’s area is the Kongwe Forest in the Dowa District of Central Malawi. In the area are 10 women’s groups, one from each of 10 villages, with a total population of 1850 people, who are supported by COWFA (Coalition of Women Farmers). These women’s groups are working to improve their standards of living through farming, small scale businesses and village savings and loan schemes. This region is well suited to beekeeping with savanna woodland habitat, and a history of beekeeping activities. Through beekeeping and subsequent honey production, the project participants want to be helped to become financially independent. In Year 1 of the three-year project, three representatives from each group received training in a 3-day course of basic beekeeping passed on to the 10 community groups. Each group was provided with 5 hives, 2 bee suits, gloves, boots and a smoker. ## **Ida Davis Family Foundation Report of the Trustees for the year ended 31 March 2021** In addition to this, two women and one ICAD employee were identified and trained as beekeeping trainers. The village groups received monthly support visits from an ICAD field officer relocated in the Dowa region for easy access to the villages. To be Covid compliant, training was conducted in the open. In the autumn, the women will attend a two-day course focusing on honey production, extraction, filtering, bottling and selling the honey and wax. The Year 1 cost of GBP 10,151 is shared by the Foundation and Bees Abroad. 4 ## **Bees Abroad---Uganda (Jireh)** The Foundation reviewed and approved Grant applications for Bees Abroad projects in Uganda. Bees Abroad project managers Richard and Jane Riddler were working with the Jireh women’s group Jireh (=God will provide) Women is a voluntary, non-governmental, non-political and multi-sectorial registered organisation run by a committee of women in Kisoro, southwestern Uganda. The group is formed of 54 women, the majority of whom had just two hives each, made to the local woven design. The group provides the opportunity for mutual support and knowledge sharing. Its main goals are empowerment, improvement of heath, education and living conditions among the underprivileged women and their dependants. Their goal is to alleviate poverty through empowering women to improve their income levels and their contribution to economic development through beekeeping. The group also supports beekeeping at the local secondary boarding school, St Gertrude’s where they aim to educate students both in beekeeping knowledge and practical skills which they can take back to their own communities on completion of their schooling. This project is unusual for Bees Abroad, since the group uses local hives – which are what the women requested. There seemed little point in retraining them to use top bar hives because they are all practised in using local hives. However, the project has provided much needed bee suits, gloves, boots, smokers and honey buckets. Each member will be given eight new hives of the local design over the project duration. Whilst these may have a lower yield than top bar hives, the cost of eight local hives is the same as the cost of one top bar hive. This intervention will greatly increase member’s incomes from beekeeping. The Foundation is supporting the project jointly with Bees Abroad on a 3-year basis. It has been running since July 2019. There is no partner organisation as the participants are existing beekeepers, competently led and organised by one of their members, Christine Ryumugabe. She is making contact with experts in Uganda to extend her beekeeping knowledge and share it with the group. The roll-out of new hives had begun in 2019 with each member receiving two new local hives and necessary beekeeping equipment. Beekeeping is a viable option for the group because: The group is already structured and operating successfully with beekeeping as its core purpose. Success of individuals as beekeepers is more likely because they already have familiarity with it. The locations of the two communities involved are close to National Parks where forage is particularly good. Participants are subsistence farmers who have land available for apiaries. The potential yield of KTB hives managed by trained and competent beekeepers in the Kasese Region is 15-18kg/hive compared with their current 2.6kg/hive. Beekeeping is a more financially rewarding activity for subsistence farmers than many other crop options. 5 **Ida Davis Family Foundation Report of the Trustees for the year ended 31 March 2021** The overall goal/objective of the project is to establish the co-op as a sustainable beekeeping enterprise with income used to both pay a dividend and pay for more members to become beekeepers. The project is aligned with the objectives of the three-year, in-country. The project appears to be very sustainable. The financial structure of the co-op whereby 70% of income after costs is reinvested in beekeeping provides a degree of sustainability. The fact that this is an existing group formed with the purpose of beekeeping which has survived for 5 years, is an indicator of sustainability. The degree of commitment demonstrated by the management team is another indicator of success and sustainability. We anticipate that Project Managers, Jane and Richard Riddler of Bees Abroad, will keep the Foundation updated on progress. ## **Bees Abroad -India -Postponed** The Foundation had earlier shared funding with Bees Abroad for two successful research projects with Under The Mango Tree Society. Under the Mango Tree is an Indian not- for -profit organisation that promotes beekeeping to increase agricultural productivity, enhance incomes and improve livelihoods of marginal farmers in India. UTMTS was set up in 2009 and works primarily with smallholders from tribal (marginalised) communities in three states of India – Gujarat, Maharashtra and Madhya Pradesh. Following on successful results with Bees Abroad and UTMTS, the Foundation had examined and approved in principle a new co-operative project based on a Training of Trainers model. This would provide beekeeping training and hand-holding support to individuals/organisations interested in taking up beekeeping who are **outside** the districts/3 states that UTMTS currently works in. These are farmers who would like to learn and add beekeeping as pollination support for their own farms and act as resource persons to train and handhold others in their area. This potentially has a multiplier effect. For example, training 10 people in beekeeping has the potential to impact possibly 150 people (10 farmers + 20 plot neighbours x 5 family members = 150 people). Unfortunately, this project has now been put on hold following government restrictions caused by Corona virus to travel between states. It will be reviewed as Covid permits. ## **Bees Abroad-Nepal-Postponed** The Foundation committed to support the project in Nepal. Initial startup training was arranged for May 2021 after a number of Covid-caused delays. Unfortunately, 4 days prior to start up, Nepal experienced lockdown as the pandemic spread from India. The proposed project area is located in a rural area of Suklagandaki Municipality, ward no 2, Tanahun district. Most residents of the project area are engaged in agriculture and there is a good natural environment for beekeeping, with large, forested areas which contain nectar bearing flowering trees. Pokhara, the second largest city of Nepal, provides good marketing opportunities, and the project location is only 3 kms from the 6 Kathmandu-Pokhara highway. The Apis Cerana honey price is typically 1000Rs per Kg (approximately US$8 per Kg). Although there is competition from large scale beekeepers elsewhere in the country, Nepal is a net importer of honey, and there is no reason to believe that prices will not continue to offer a viable return on investment. - A beekeeping group will be formed, led by women members of the community and registered with the local government. The group will meet regularly (at least quarterly). - A target of 25 KG honey will be produced and marketed by each household per year with an annual income of NPR 25,000.00 per household (approx. £160). Records will be kept and will be verified during the impact assessment in March 2021. ## **Ida Davis Family Foundation Report of the Trustees for the year ended 31 March 2021** 1. 25 participants (at least 80% women, selected according to above criteria) are trained in basic beekeeping skills during a five-day course, as per the FNBK syllabus. 1. Participants will each have sufficient knowledge and skills to keep two colonies of Apis Cerena bees, process and market honey, as per the FNBK training syllabus. 2. A beekeeping group will be established, registered in the district’s government office, and meet on a regular basis (at least quarterly). ## **Bees Abroad-Zambia-Postponed** Climate change and drought have halted this project. While the local organisation worked hard on this project, results were disappointing, and funding was halted. ## **RORY'S WELL—Sierra Leone** In Sierra Leone we originally shared project funding in 2019 with Bees Abroad to support another UK charity, Rory's Well. Funds that had been set aside for Zambia were transferred to the Sierra Leone project when the Zambian project was paused. Rory's Well initiated a 5-year beekeeping/bee farming project in 2017 and with professional guidance of Bees Abroad (Neil and Kath Brent) has developed a beekeeping project specifically customised for Africa and Sierra Leone. There were 37 villages included in the original program and a further five have since been added. In addition, the project is working with the RSPB’s Gola Forest Conservation Project to pilot the provision of beekeeping training for villages within the Gola Forest and Gola Forest fringe. Basic training comprising hive construction, bee-suit making, hive siting, safety and hygiene, honey processing, and wax processing was scheduled for completion in November 2019. A loan scheme was operated for the materials to make simple, very low-cost hives using split bamboo and local timber. So far, some 300 hives are in use and around 700kg of honey has been harvested. 7 In 2020 the Foundation worked directly with Rory's Well to support an expansion to the Bee Keeping /bee farming program. In addition to the Rory's Well bee farming activity, the project now includes swamp rice farming and an environmentally sound program of women's farming to eliminate Slash and Burn. The Foundation has committed to a 3-year program to support 3 Malla villages. The program is aggressive, designed to improve food and income security of participants in an environmentally sensitive fashion. At the same time, having a positive effect on carbon emissions. This outlines the two additional elements of the program added to bee farming - swamp rice farming and eliminating Slash and Burn farming. ## **Swamp rice farming:** Enables establishment of permanent farm reducing slash & burn clearance and carbon emissions Improves rice yields Facilitates community working together Rice store enables participants to store seed rice and to store surplus yields until market price is favourable **Ida Davis Family Foundation Report of the Trustees for the year ended 31 March 2021** ## **Women’s farms:** Use of Inga agroforestry enables the establishment of a permanent farm reducing slash & burn clearance and carbon emissions Use of Inga agroforestry in itself increases soil fertility and carbon sequestration. Working together increases the women’s yields of vegetables and enables them to grow crops such as groundnuts, enhancing their families’ nutrition and also bringing in income The women’s groups gain enhanced status due to income enabling them to set up mutual support groups, savings schemes etc. **Bee Farming:** Bee farming training provides an alternative to honey hunting, protecting wild colonies, reducing the risk of forest fires and increasing the bee populations, pollination and biodiversity. Bee farming improves not only the income of the farmers themselves but also of associated occupations such as carpenters, tailors, blacksmiths and those involved in producing, packaging and marketing honey and wax products. The forest is needed for honey production and gains an ‘economic value’ reducing slash & burn clearance and carbon emissions. PAD SL and the Bee Farming Association provide training and experience in business management, keeping accounts, etc. ## **Chiva Africa—South Africa** 8 The Foundation provided support to the Chiva Africa project in the Umzinyathi district of Kwa Zulu. Umzinyathi is one of the poorest districts in South Africa. It is an area which has suffered greatly with HIV/AIDS which is a leading cause of death. Chiva Africa is a UK registered charity which in turn provides support to CHIVA (a registered NPO in South Africa) The CHIVA Sinkulwaze project was to strengthen health services in 20 clinics across the Umzinyathi district. Specifically, the goal is to improve the skills of health workers and strengthen health services within the community by providing technical assistance, identifying main challenges and improving the standards of treatment and care provided to children and adolescents living with HIV. The year has been challenging due to the Covid pandemic. This follows a difficult year in 2019/20 when the district experienced considerable community unrest and a key Land Rover used in clinics was stolen and critically damaged. Difficulties continue to be experienced in recruiting nurses due to district violence. In 2020, a number of clinic staff died from Covid. As a result of the second wave of Covid, it was negotiated with the district to put the Chiva program on hold for 3 months. During this time, Chiva concentrated on supporting the clinics with a focus on Covid management and staff wellness. In spite of the difficulties and challenges, Chiva was able to achieve some success in improving mentoring and counselling to HIV positive young women. The charity operates the Sinikulezi program in 20 clinics in the Umzinyathi district and the Foundation funded one clinic. where results appear to have improved well. The final assessment of results should be available in June 2021. It is distressing that after so much time with HIV and so much education and medical programs the culture in Kwa Zulu appears to continue to resist a dramatic reversal. The incidence of HIV infections continues high at 15%-24% for teenagers and young adults. Chiva is planning to introduce a digital monitoring program which should eliminate many of the operational challenges. ## **Ida Davis Family Foundation Report of the Trustees for the year ended 31 March 2021** ## **Khanyisa Trust—South Africa** The Foundation contributed to emergency funding for the Khanyisa Trust, made necessary by Covid and Covid regulations. The Khanyisa Trust is a South African registered charity (NPO – Non-Profit Organisation) that is based in Edenvale, a suburb of Johannesburg. It is an organisation established originally by local Christian churches (Presbyterian, Anglican, Baptist, Methodist and Roman Catholic) as a means to collaborate and focus their efforts. The Trust is run largely by volunteers and entirely reliant on and funded by donations. While established by Christian churches, and while pastoral care and counselling is offered, religious participation is not a pre-requisite for assistance and the doors of the Khanyisa Trust are open to any and all who are needy in the community. 9 On a normal basis, the charity provides around 100 meals per day to the homeless and very poor (mainly men and 95% black), runs a job placement centre, a sewing school and more recently has been involved with the training of entrepreneurs in a skills development and upliftment programme. All these programs had to be paused as a result of covid. The Foundation had supported a key repair project in 2019.This was for refurbishment of the Food Hall (location of daily soup kitchen) to improve hygiene and efficiencies. The work undertaken was to return the hall to an acceptable condition – repairing all visible cracks and damage and repainting to improve appearance and to ensure fully compliant hygiene conditions. Unfortunately, this refurbishment was also paused by the pandemic. The good news is that it was permitted to re-start later in the year. The emergency funding was required to help tide the charity over during this pause. Sadly, Covid halted the sewing classes and the job placement program. ## **Essex Wildlife Trust UK** The Essex Wildlife Trust is the largest wildlife charity in the county of Essex. Their objective is to protect wildlife for the future and the people of Essex. Key aspects of their programs are landscape conservation and the sustainable preservation of marshlands. The Foundation had previously donated to general funds. The Foundation has a special focus on coastal areas, the restoration of sea life, particularly in the county of Essex. The Foundation agreed to fund a project to support vitally important and endangered invertebrate populations at the Two Tree Island reserve. By restoring and improving habitat, the conditions are created under which invertebrate populations can begin to grow again. With its mosaic of grassland and saltmarsh, Two Tree Island is already an important site for invertebrates. Two of Britain's rarest and most threatened species- the Shrill Carder Bee and the Brown -Banded Carder Bee are found here, a strong-hold on the Thames Estuary. Sites like Two Tree Island require improvement to secure their survival. The specific project is to create 6 south facing sand “Bee Banks” to provide important basking and burrowing activities. The project starts in May 2021. ## **Meeting facilities** The Trustees are very grateful for the use of meeting facilities and office support, which is provided, at no cost, by the Camelia Hotel in Thorpe Bay Essex. The financial statements do not provide for this benefit. ## **Volunteers** The Trustees are very grateful for the administrative and secretarial support provided by Jenny Hall. The financial statements do not provide for this benefit. **Ida Davis Family Foundation Report of the Trustees for the year ended 31 March 2021** The Trustees also are grateful for the Research support conducted by Samantha Cammidge. The financial statements do not provide for this benefit. 10 **Ida Davis Family Foundation Report of the Trustees for the year ended 31 March 2021** ## **Fundraising** Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. The legislation defines fundraising as "soliciting or otherwise procuring money or other property for charitable purposes. The Ida Davis Family Foundation does not undertake any fundraising activities. In relation to the above the Trustees confirm that no fundraising approach has been taken by the charity, or by anyone acting on its behalf, that no fundraising standards or scheme for fundraising regulation have been subscribed to by the charity, or by anyone acting on its behalf, that no complaints in relation to fundraising activities have been received and that any solicitations are managed internally, without involvement of commercial participators, professional fundraisers or third parties. ## **Trustees Responsibilities** The Trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and regulations. Charity law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom GenerallyAccepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to: ~ select suitable accounting policies and then apply them consistently, ~ make judgements and accounting estimates that are reasonable and prudent,~ state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, ~ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 11 **REGISTERED CHARITY NUMBER: 1175286** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **FOR** ## **IDA DAVIS FAMILY FOUNDATION** Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA **IDA DAVIS FAMILY FOUNDATION** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|6| |**Detailed Statement of Financial Activities**||7|| **IDA DAVIS FAMILY FOUNDATION** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives of the CIO are:- (1) To alleviate poverty. (2) To advance education. (3) To relieve sickness and to promote health. (4) To preserve and protect the natural environment. (5) To advance, promote or carry out such other charitable purposes as the charity trustees in their absolute discretion from time to time think fit. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1175286 ## **Principal address** 178 Eastern Esplanade Thorpe Bay Southend on Sea Essex SS1 3AA ## **Trustees** A Cammidge K Davis R M Cammidge ## **Independent Examiner** Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA Approved by order of the board of trustees on 7 July 2021 and signed on its behalf by: R M Cammidge - Trustee Page 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IDA DAVIS FAMILY FOUNDATION** ## **Independent examiner's report to the trustees of IDA Davis Family Foundation** I report to the charity trustees on my examination of the accounts of IDA Davis Family Foundation (the Trust) for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Alan David Pateman FCA FCCA Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA 7 July 2021 Page 2 **IDA DAVIS FAMILY FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** |Notes
**INCOME AND ENDOWMENTS FROM**
Investment income
2
**EXPENDITURE ON**
**Charitable activities**
Bees Abroad
Chiva Africa
Essex Wildlife Trust
The Khanyisa Trust
Rory's Well
Other
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricte
fund
£
2,580
11,716
3,500
5,794
1,000
5,000
8,132
35,142
1,103,700
1,071,138
7,325,609
8,396,747| |---|---| The notes form part of these financial statements Page 3 **IDA DAVIS FAMILY FOUNDATION** ## **BALANCE SHEET** ## **31 MARCH 2021** |Notes
**CURRENT ASSETS**
Investments
4
Cash at bank
**CREDITORS**
Amounts falling due within one year
5
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
6
Unrestricted funds
**TOTAL FUNDS**|Unrestricte
fund
£
5,600,097
2,798,150
8,398,247
(1,500)
8,396,747
8,396,747
8,396,747
8,396,747
8,396,747| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 7 July 2021 and were signed on its behalf by: A Cammidge - Trustee R M Cammidge - Trustee K Davis - Trustee The notes form part of these financial statements Page 4 **IDA DAVIS FAMILY FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 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 headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. INVESTMENT INCOME** £ Deposit account interest 2,580 ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021. ## **Trustees' expenses** £ Trustees' expenses 6,438 Page 5 continued... **IDA DAVIS FAMILY FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** ## **4. CURRENT ASSET INVESTMENTS** Investment portfolio £ 5,600,097 The funds are held in a Charity Multi-Asset Fund managed by Cazenove Capital. ## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** Other creditors £ 1,500 ## **6. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
General fund
**TOTAL FUNDS**|as follows:
Incoming
resources
£
2,580
2,580|At 1.4.20
£
7,325,609
7,325,609
Resources
expended
£
(35,142)
(35,142)|Net
movement
in funds
£
1,071,138
1,071,138
Gains and
losses
£
1,103,700
1,103,700|At
31.3.21
£
8,396,747| |---|---|---|---|---| |||||8,396,747| |||||Movement
in funds
£
1,071,138| |||||1,071,138| ## **7. RELATED PARTY DISCLOSURES** During the previous period, Mr K Davis (Trustee) made an unsecured interest free loan of £4,490. This was repaid in full on 1st September 2020. There were no other related party transactions for the year ended 31 March 2020 nor for the period ended 31 March 2019. Page 6 **IDA DAVIS FAMILY FOUNDATION** £ ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** |**INCOME AND ENDOWMENTS**|| |---|---| |**Investment income**|| |Deposit account interest|2,580| |**Total incoming resources**|2,580| |**EXPENDITURE**|| |**Charitable activities**|| |Grants to institutions|27,010| |**Support costs**|| |**Management**|| |Trustees' expenses|6,438| |**Finance**|| |Bank charges|126| |**Information technology**|| |Website costs|68| |**Governance costs**|| |Accountancy and legal fees|1,500| |Total resources expended|35,142| |**Net expenditure before gains and losses**|(32,562)| |**Realised recognised gains and losses**|| |Realised gains/(losses) on investment portfolio|1,103,700| |**Net income**|1,071,138| This page does not form part of the statutory financial statements Page 7