**Annual report 2022/23** **Annual Report Ida Davis Family Foundation Ida Davis Family Foundation Annual Report and Financial Statements for the year ended 31 March 2023** **Registered Charity Number 1175286 www.IDavisFoundation@aol.com** **Ida Davis Family Foundation Annual Report and Financial Statements for the year ended 31 March 2023** ## **Contents** Report of the Trustees Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities ## **Trustees** Kenneth Davis (Chairman) Robert Cammidge Adrian Cammidge ## **Registered Office** 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 Street, Rayleigh, Essex SS6 7EL ## **Solicitors** Wilsons Alexandra House, St. Johns Street, Salisbury, Wiltshire SP1 2SB ## **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 2023** ## **Report of the Trustees** The trustees present their report, together with the financial statements for the year ended 31 March 2023. 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 2022 and 2023, the Trustees discussed the performance of the Financial Adviser, the accounts and banking and reviewed grant proposals, grant results, 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 have measurable end result benefits “teaching to fish” rather than “ forever” consumption charities. These include providing training and education which will promote poverty alleviation and better health outcomes and projects that advance and protect the natural environment, improving sustainability, reducing the impact of climate change and ensuring local community participation. Our perspective is international, and our charitable goals are pursued across a range of countries as well as in the UK. We have a special focus on low- and middle-income developing countries where 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. The Foundation continued to expand in the Fiscal year 2022/2023. As the year progressed, the impact of the Covid pandemic diminished. In the initial months, Covid continued to cause some project delays, pause project implementation and reduce the number of projects in Africa and Asia seeking support. Travel restrictions and general fear in communities caused disruptions in the administration of some charities seeking support. However, the Foundation and charities adapted to these challenges and started to regain momentum. A benefit of the Covid pandemic was the development of new techniques, particularly in communications. For example, where travel to Africa or Nepal for assistance and due diligence was not possible, grantees were supplied mobile phones and communication and training was managed by regular WhatsApp calls. More communications were completed electronically rather than in person. A major new negative in 2022, was the start of the Russia -Ukraine war. The negative economic effects have been severe internationally as inflation soared: prices, particularly of food and energy, increased significantly. This has caused major distress in Africa and Asia and stretched budgets in the UK. Grant applications reflect the higher cost of living. The other major overall negative factor was the impact of climate change. This continued to be a major consideration in Foundation activities. During the Covid lockdown, awareness of the impact that industrial, commercial and population growth has had on nature and the environment became more and more evident. Local needs and opportunities became clearer as the impacts of climate change on people, fauna and flora grew in frequency and dimension. The Foundation has actively sought projects and organizations we could support that would improve the long-term health of wildlife and nature. In 2022-2023 the geographic focus of the Foundation's activities continued to give emphasis to the UK, and especially where possible, locally. The UK came out of Covid restrictions sooner than developing countries thanks to an aggressive vaccination program, superior health system and greater affluence. As a result, the Foundation focussed particularly on UK based projects that were able to start and continue. We made a good start on this locally in Essex with Essex Wildlife Trust, the Salvation Army Rare Breeds Farm and RSPB. As the year progressed, we were able to focus again on projects in Africa (particularly Sierra Leone) and in Nepal which had been delayed. We are now working on projects internationally in Indonesia with Fauna and Flora and the Rainforest Trust, and in Mauritius with Mauritius Wildlife Foundation with similar promise for the future. Since inception, the philosophy of the Foundation has been to support projects which have measurable results, where the focus is on solutions and sustainability rather than consumption or operational costs... We do not generally support emergencies, illness, or projects with no defined end. With this in mind, we discontinued at the end of 2021 support for an African AIDS charity where results after several years were discouraging. Similarly, we switched support again in Africa from an on-going “forever” feeding program to a school start up where the hope and promise is for sustainability. We continued to learn in 2022/2023. Working with the larger, well established charity organizations gave us excellent examples of professionalism, good governance and the diligence and attention to detail of well-structured grant applications. We will continue to seek long term relationships with these organizations. By sharing project information and reviews on the Indonesia project we anticipate a major learning experience. Overall, the Foundation made good progress as we gained experience and confidence. Grant giving activities were expanded and the total funds distributed more than doubled to GBP 329,000. We also expanded the number of charities and the size of charities to be invited to apply for grants. We are better prepared and are optimistic and confident that we are now able to grow the size and scale of our donations and expand the size and number of charitable organisations that we will invite to apply for grants. We look forward to further expansion in future years. The activities of the Foundation are focussed in two major areas: poverty reduction and nature conservation. In 2022/2023 we continued our activities to alleviate poverty. Plus, we expanded significantly our activities to promote the conservation of wildlife, endemic forests and re-wilding and introduced key elements in these programs to provide community employment and economic benefit. Specifically, to alleviate poverty, we awarded new grants to women's groups in Sierra Leone and followed up on our grants to women's groups in Nepal and Uganda and the early education program in South Africa. We were very active in nature and ecological projects. We expanded our Grants to re-wilding projects in the UK with the Salvation Army Rare Breeds farm, we followed up with Essex Wildlife Trust the program to save two endangered bee species on the Thames Estuary, we worked hard with RSPB to promote community participation in the Land Trust/Bug Life project on Canvey Island-the largest invertebrate project in the United Kingdom. We started on a 5-year program in Indonesia with Fauna and Flora in partnership with the Rainforest Trust, one of the largest conservation charities in the USA, with the highest Charity Navigator rating. We worked together with the Mauritius Wildlife Foundation to find and purchase land for a new endemic forest. The key features of these activities are covered individually in Highlights. From a financial standpoint it was a disappointing year, as our investments with Cazenove declined marginally. The war in Ukraine had a major impact on world markets and stock markets internationally declined sharply. Fortunately, the conservative investment strategy of Cazenove limited losses and the investments performed very well in comparison with the overall. ## **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 are 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. **Grants Awarded in 2022/23** Salvation Army Rare Breeds UK GBP 29,716.88 Salvation Army Rare Breeds UK GBP 5,283.12 Rory's Well Sierra Leone GBP 10,000.00 RSPB UK GBP 34,409.00 Fauna& Flora Indonesia GBP250,000.00 ----------------------TOTAL GBP 329,409.00 ## **HIGHLIGHTS OF 2022/2023 ACTIVITIES** ## **SALVATION ARMY—RARE BREEDS (Essex** ) The Foundation approved in the 2021/22 fiscal year a grant of £100,000 fund a conservation grazing and re- wilding project at the Salvation Army Hadleigh Farm Estate. The Estate comprises of approximately 25 acres of land with a varied topography and habitat. The aim is to use native breeds to conservation -graze areas of land and to enhance biodiversity of habitat and wildlife whilst producing a sustainable end- product for the food chain. The use of sustainable farming practices reduces the need to mechanically farm the land subsequently reducing the carbon footprint of the site. The increased biodiversity of the flora also improves the quality and carbon sequestration ability of the soil whilst improving water retention and reducing erosion and flooding. The long-term aim for the Estate is to be carbon neutral or negative. The project funded by the Foundation has enabled the Salvation Army estate to secure livestock fencing with wildlife access routes surrounded by hedgerow habitat. All areas were equipped with all the necessary facilities for animal husbandry including handling facilities, housing with added benefits for wildlife, water supply, food troughs and supplementary minerals. The project also permitted divided paddocks to allow rotational grazing, east of livestock transit and a traffic light grazing system to reduce parasite burdens. Overall, the initial phase of the project was completed very satisfactorily, and the Foundation is happy with this success. One impact of the Ukraine war was a dramatic increase in the cost of some materials such as steel and timber. The Salvation Army navigated these increases very well and reworked the program to find solutions. The Foundation had held back GBP 35,000 from the original grant application to permit a performance review. By competitive purchasing, the Salvation Army were able to reduce total project costs and the Foundation was happy to provide a grant in Fiscal 2022/23 of GBP 29,716.12 to meet final costs. An additional grant was awarded of GBP 5,283.12 for new housing for rare breed poultry. Original housing was severely damaged in the major storm. This has permitted an increase in flock size and the possibility for greater genetic variation. The whole project fits both the Rare Breeds Centre and the Estate’s mission objective of environmental stewardship. The improvement of the site has had the added benefit of greater community involvement and participation and an improvement in educational values. ## **RORY'S WELL-SIERRA LEONE** The Foundation has had a long and successful relationship with Rory's Well. We initiated support for Rory's Well in 2019 by sharing funding with Bees Abroad for a bee farming project in Sierra Leone. The 2019 results for the honey harvest and hive distribution were extremely encouraging and the Foundation expanded support in 2020 , not only to Bee Farming but to programs promoting swamp rice farming and an environmentally sound program of women's farming to eliminate Slash and Burn. **Jewoma** was the initial village community IVS (Inland Valley Swamp) program supported by the Foundation **.** While Covid badly impacted farming and some villages were even forced to eat their seed rice, Jewoma is the exception. They had a very good rice harvest. As part of that program, they were given 4 bushels of seed rice in 2021 with tools and support to enable them to clear a community Inland Valley Swamp farm. They harvested 50 bushels of rice from this in early 2022, ate 30 bushels and had 20 left to plant. The women's farm similarly did well. They were given 6 bushels of groundnuts, with tools and support to clear land for the community women's farm as part of the Foundation's support, they planted these in May 2021 from which they harvested 14 bushels of groundnuts. They ate or sold 10 bushels and were able to replant 4 bushels for a second harvest, which was ready in August 2021, producing 9 bushels. This second planting is only usually possible with groundnuts, which are nitrogen fixing legumes, and is particularly valuable as August is the 'hungry season' when very little other food is available. Inga has been planted on an area of the women's farm and is growing well. The trees take time to grow and the Inga Alleys planted in 2021 will not be ready to plant with crops until 2024. Following the success of Jewoma village, the Foundation expanded support to similar programs in 5 additional villages in 2022. These 5 villages were : Grima, Golawoma, Waima ,Jakama and Niaguaha. These villages started out on the village regeneration programme, creating new community IVS farms with new grain stores and drying floors and new women's farms. The Inga trees were planted in July. We are optimistic about very strong results to come. In 2022/23, the Foundation made a further grant of GBP 10,000 to 5 more villages Kotumahun, Konia, Mbawoma Ngeyeya , Njala and Baoma Four of the villages supported to date (Jewoma,Grima,Waima,Jakama) are key communities for their areas and two women from each of these villages are taking part in a new women facilitators and microfinance training scheme, along with women from Taninahun and Njalahuan. This is a pilot scheme and Rory's Well will be following these women carefully to see what impact their training and support for microfinance, record keeping and communications with each other and the wider farming network, has on the wellbeing and livelihoods of the women in their villages. A Masters student from Bristol university is interested in this pilot and will base her dissertation around it. Another Masters student from Bristol is looking at Inga in both Sierra Leone and Latin America for his dissertation. Whilst the Inga Alleys planted in the women’s farms from 2021 will not be ready to plant with crops until 2024, as the trees take time to grow, the women have already been working the rest of the farms. Groundnuts are proving a particularly useful crop as they are rich in protein, improve the soil and the women can get two harvests a year during the ‘hungry season’ when little else is available. ## **RSPB Canvey Wick SSII** The Foundation agreed to support RSPB financially on a 3-year basis. In line With the Foundation's strategy of involving community participation and buy-in, the project involved funding a Community Communications manager for the invertebrates’ program on Canvey island Essex. Canvey Wick nature reserve was designated as a Site of Special Scientific Interest (SSSI) in February 2005 and was the first brownfield site in the UK to be protected specifically for its invertebrates. Described as a “brownfield rainforest” by Natural England, the land has as many species of important and rare invertebrates per square metre as there are in the rainforest. The site is owned by the Land Trust and the RSPB currently acts as managing agents with specialist advice from Buglife. In 2022, the RSPB negotiated taking on the remaining 80 hectares to ensure the best conditions for the wildlife, most notably the c1300 species of invertebrate, including the Canvey Island ground beetle, five banded weevil wasp, brown banded carder bee and scarce emerald damselfly. The Land Trust has committed nearly £300k towards this significant proposed restoration extension of Canvey Wick, including £135k towards the capital works required over the next three years. In addition to the operational cost, the RSPB is working to maximise the opportunity this habitat restoration work represents. Expert invertebrate monitoring has been commissioned in conjunction with Buglife over the three years . Wick SSSI is a site of 93ha which is notified for its nationally important assemblage of invertebrates associated with herb-rich grasslands, early successional habitats, scrub edges and brackish habitat. The site is characterised by a complex mosaic of habitat types, including free-draining grasslands enabled by the deposition of silts and sands prior to construction of an oil refinery which was never operational. -At the time of SSSI notification (Feb 2005), 22 Red Data species were listed as known from the site, including three species thought to have been extinct. These numbers have now been increased following the investigations by the bug/invertebrate experts. A Community Engagement Officer, funded by the Foundation, was hired to hold events and consult closely with local people on how the site should be managed. A number of local wildlife and community groups have been engaged with the project in the first year, with talks, walks and events all held as part of the community engagement work. The first interpretation boards have also been installed at the site entrances. The local community has been fully engaged with a diversified menu of activities. Talks have been given to groups such as the Canvey Rotarians, who have offered to fund equipment for the site. Essex County Council have agreed funding for an artist residency on Canvey Island which will include artist-led guided health and well-being walks on Canvey Wick. A site visit was arranged for Castle Point Regeneration Partnership and Canvey Town Council. The partnership is run by Castle Point Council and includes representatives from the local authority, Essex County Council, statutory bodies, local development groups, and NGOs such as Buglife, The Land Trust and the RSPB. The sessions enabled the partnership and key stakeholders to ask questions and gain a wider knowledge about the work on Canvey Wick and how this benefits not only biodiversity but also the local community. To ensure Youth engagement, the project teamed up with the Greener Thames Youth Action Panel and the Yellow Door Youth Group to run regular work parties for teenagers at Canvey Wick. There has been two work parties so far and these will run each month. A Yellow Door QT youth group also made natural Christmas decorations. To involve families, the team ran a stall at the Castle Point Eco Fayre in September and the Canvey Christmas Fayre in November, where over 200 children participated in sessions making natural decorations. There was also a Halloween event at Canvey Wick for children from 3-13 years old, we entered into the Canvey Island scarecrow competition, and held a family bird feeder session at Canvey library. There is a calendar full of events planned for Easter including a bunny-themed event on site, self-led extravaganza trail, and another collaboration with Canvey library. In line with improving education, initial conversations have been held with USP/Seevic College regarding student champions and collaboration relating to student projects in STEM and Digital. There will be artwork and virtual reality experiences related to Canvey Wick. We now have school bookings for curriculum-based sessions linked to insect week and pollinators. To contribute to adult mental health, twice-monthly health and well-being walks have been introduced in collaboration with the NHS, CAVS social prescribers and United in Kind. Two visits were made to the Reach group at Wintergardens which is a mental health social isolation group, the first session to make bug hotels, the second to make bird feeders. Possibly the most important part of the program are communications. The team has put out regular blogs and posts, with 15,000 contacts through social media. There is also now a Canvey Wick Community Facebook group. BBC Travel have published an article on Canvey Wick - Canvey Wick: The UK's implausible tourist attraction - BBC Travel Also, The Echo has written an article on Canvey Wick and the Community Warden role. Overall, the Grant from the Family Foundation has enabled the team at Canvey Wick to engage with the local community, hold family events and work parties, connect with schools, colleges, and youth groups, and make thousands of contacts through online posts and social media. ## **BEES ABROAD NEPAL** 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 low-income 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. Originally scheduled to start in 2020, the project in Nepal was delayed by Covid restriction until 2021/22. The project finally started in Feb 2022. It is directed by FNBK (Prakash ) with support from James Taylor ,Bees Abroad The 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 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. Key criteria for the Nepal program have been established.:- A beekeeping group has been formed, led by women members of the community, and registered with the local government. The group meets 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 2022. 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. 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. A beekeeping group will be established, registered in the district’s government office, and meet on a regular basis. The Partnership manager, James Taylor visited in October and he was generally satisfied with progress. There have been some difficulties with the turnover of FNBK managers and run-overs in expenses. James is confident that these will be resolved. ## **KHANYISA-SOUTH AFRICA** 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. 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. In this period, the Foundation supported an emergency feeding program and refurbishment of the hall. The mandate and constitution of the Foundation are for sustainable projects which contribute to long term solutions. We generally do not contribute to emergencies, illness, consumption, or projects that have no defined end and results cannot be measured. Because of personal relationships with Khanyisa, the trustees have in the past made an exception and supported projects where the immediate need is consumption. However, after discussion in 2021 the trustees did not feel able to support "forever "projects where the need continues to be consumption. With the objective to concentrate our resources where training and sustainability are possible, the Foundation agreed to support the Newbridge Academy project of early education in 2022, on the basis of the initial startup costs the Foundation provided a grant of GBP6,500 for the annual salaries of one teacher and one assistant. We are optimistic that the project will be self-sustaining in the longer term. The academy set up programs for children 3-24 months, 2-3 years, 3-4 tears and 4-5 years, producing world class schooling at an affordable cost to the South African growing middle class. First year financial results showed a significant deficit. However, very brief feedback from Paulina – the owner and force behind the NBA.-indicates significant improvement. As we expect that there are costs that are not incurred monthly but periodically we believe that it is more pragmatic to conclude that NBA has reached breakeven The shared figures cover the period March to May:2023 Revenue circa R 180k Expenses around R 167k Projected surplus of R12k In terms of Operations, there is some evidence of growth. Since the start of the year there has been a further 27 children registered giving a total number of children of 42 in May. Full Day 37 Half Day 5 After care 1 ## **Break down and fees:** 0-2 years = 10 @ R2000 2-3 years = 10 @ R1700 3-4 years = 12 @ R1700 4-6 years = 10 @ R1700 1 after care = @ R800 3 students in the above numbers are non-paying. ## **Staffing** Allocated (one practitioner) = 4 Cooker = 1 Total number of employees = 5 ## **Transport Provided and Fees** Transported children 4 3@R300pm 1@ non paying ## **FAUNA AND FLORA** The Foundation is partnering with the Rainforest Trust in the USA to support a 5-year project managed by Flora and Fauna in Indonesia. The five year, $5.4m project will protect Indonesian forests by expanding the area officially designated for conservation management in Indonesia’s biodiversity hotspots. The locations are alongside current officially designated areas, so the project expands the connected area in which wildlife and habitats are protected. We are working with communities in five landscapes to designate 307,836 ha as new protected areas: Ulu Masen Forest Landscape (Aceh Province), Kerinci Seblat Rainforest (Jambi, West Sumatra, Bengkulu), Schwaner Mountain Range (West Kalimantan), Gandang Dewata Wallacea Forest (South Sulawesi), and Papua Bird’s Head Peninsula (West Papua). The project is extremely necessary and timely. Indonesia is one of the most biodiverse countries in the world and is a priority for global conservation. The project will work in forested lands with high conservation values that do not have conservation protection. Working with local communities, the goal of the project is to create five new protected areas covering 307,836 ha (almost the size of Gloucestershire), adding to adjacent protected areas of over 330,000 ha. The long-term impact will be that the five new areas are designated with protected status, management plans are implemented and monitored, and a long-term finance model is developed and pilot-tested in the landscapes. The project has made excellent progress to date in 2022/23. Key conservation successes and achievements have been : • Socialization activities related to the planned program for proposing protected areas through the Essential Ecosystem Area (KEE) scheme and Community Forests (CF) (through the community forest scheme) have mainly been carried out by various stakeholders, including government agencies at multiple levels (province, district, sub-district, village) and the community. Stakeholders welcomed and supported the program plan. • Most relevant stakeholders have approved the proposed forest areas targeted in the RFT project as KEE areas and community forests. • The draft document for the Governor of Aceh's Decree to establish an indicative map of the wildlife corridor area in Aceh province has been successfully prepared. It is currently being reviewed at the provincial level before being signed by the Governor. After the Governor's signing, the FFI team in Aceh will prepare a document proposing a stipulation for a wildlife corridor area in Pidie - Pidie Jaya. • Three proposal documents for three community forests in the Schwaner Range landscape, West Kalimantan, have been submitted to the Ministry of Environment and Forestry (MoEF). Currently, the documents are being verified. • A biodiversity survey in the proposed KEE target area in the Quarles Mountains Landscape, South Sulawesi, has confirmed the presence of a key species of upland anoa (Bubalus quarlesi) from their tracks and droppings. Together with anoa, FFI recorded 59 species (including plants, mammals, birds, amphibians, and reptiles) with important protected status, endemic to Sulawesi, listed on the IUCN red list, and CITES. FFI, Rainforest Trust and the Foundation believe that it is critical to have Community support and buy-in for any conservation project to be successful and sustainable. Our goal is to achieve full sustainability at the end of 5 years. ## **MAURITIUS WILDLIFE FOUNDATION** The Foundation agreed to work with the Mauritius Wildlife Foundation to purchase a plot of land to the value of 20,000,000 rupees for the development of an endemic forest. The Mauritius Wildlife Foundation is renowned internationally for its nature and environmental successes. In particular, the restoration of the Kestrel and the Pink Parrot from near extinction. Currently the projects that MWF are conserving, even the Isle des Aigrettes, are all leased or owned by the giant sugar company conglomerates. MWF has no security that after spending its skills and resources in the preservation of plants and wildlife, the conglomerates might take back their properties as part of a 'greenwashing' program. It is common sense to concentrate skills and resources on their own land. Progress has been slow in finding and purchasing suitable land. A Trustee of the Ida Davis Family Foundation has examined with the MWF, a number of properties that might be acquired. Unfortunately, it has been difficult despite several attempts to purchase suitable forest. Socially, it appears land ownership is very important in Mauritius. Furthermore, the greater part of lands in Mauritius are owned by the government or ex sugar companies who seem to prefer leasing rather than selling. Vendors have exhibited some price gouging; other plots did not meet the ecological requirements and one project (La Nicoliere) had to be abandoned because the adjacent dam was to be expanded. Some progress has been made. Discussions were made with MCB (the largest Bank of Mauritius ) who agreed to fund infrastructure and a visitors centre. MWF is continuing to examine other possible properties. ## **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. The Trustees also are grateful for the Research support and Site visits conducted by **Katharine and Rebecca Fraser** . The financial statements do not provide for this benefit. The Foundation would also like to thank **Gopal Gaire** for his local, independent oversight in the Nepal bee keeping project, assisting James Taylor. The financial statements do not provide for this benefit. **REGISTERED CHARITY NUMBER: 1175286** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** **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 2023** |||**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 2023** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 Ida Davis Family Foundation was registered as a CIO on 20th October 2017. The governing document is the Foundation Constitution. ## **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 31 July 2023 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 2023. ## **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 31 July 2023 Page 2 **IDA DAVIS FAMILY FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |Notes
**INCOME AND ENDOWMENTS FROM**
Investment income
2
**EXPENDITURE ON**
**Charitable activities**
Rory's Well
Salvation Army
RSPB
Fauna & Flora International
Other
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
6,579
10,000
35,000
34,409
250,000
7,569
336,978
(258,282)
(588,681)
8,649,423
8,060,742| |---|---| The notes form part of these financial statements Page 3 **IDA DAVIS FAMILY FOUNDATION** ## **BALANCE SHEET** ## **31 MARCH 2023** |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**|Unrestricted
fund
£
5,759,827
2,302,415
8,062,242
(1,500)
8,060,742
8,060,742
8,060,742
8,060,742
8,060,742| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 31 July 2023 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 2023** ## **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** |**INVESTMENT INCOME**|| |---|---| ||£| |Deposit account interest|6,579| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023. ## **Trustees' expenses** |**Trustees' expenses**|| |---|---| ||£| |Trustees' expenses|5,821| Page 5 continued... **IDA DAVIS FAMILY FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **4. CURRENT ASSET INVESTMENTS** |**CURRENT ASSET INVESTMENTS**|| |---|---| ||£| |Investment portfolio|5,759,827| 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 as
**Unrestricted funds**
General fund
**TOTAL FUNDS**|follows:
Incoming
resources
£
6,579
6,579|At 1.4.22
£
8,649,423
8,649,423
Resources
expended
£
(336,978)
(336,978)||Net
movement
in funds
£
(588,681)
(588,681)
Gains and
losses
£
(258,282)
(258,282)|At
31.3.23
£
8,060,742
8,060,742
Movement
in funds
£
(588,681)
(588,681)| |---|---|---|---|---|---| ||||||| ||||||| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. Page 6 **IDA DAVIS FAMILY FOUNDATION** |**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 MARCH 2023**
**INCOME AND ENDOWMENTS**
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Grants to institutions
**Support costs**
**Management**
General support costs
**Finance**
Bank charges
**Information technology**
Website costs
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net expenditure before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on investment portfolio
**Net expenditure**|£
6,579
6,579
329,409
5,821
104
144
1,500
336,978
(330,399)
(258,282)
(588,681)| |---|---| This page does not form part of the statutory financial statements Page 7