**Annual report 2024/2025 - FINAL** ## **Annual Report Ida Davis Family Foundation** **Ida Davis Family Foundation Annual Report and Financial Statements for the year ended 31 March 2025** **Registered Charity Number 1175286 www.IDavisFoundation@aol.com** **Ida Davis Family Foundation Annual Report and Financial Statements for** **the year ended 31 March 2025** ## **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, SP1 25B ## **Investment Advisors** Cazenove Capital, Schroders & Co. Limited, 1 London Wall Place London EC2Y SAU ## **Ida Davis Family Foundation** ## **Report of the Trustees for the year ended 31 March 2025** ## **Report of the Trustees** The Trustees present their report, together with the financial statements for the year ended 31[st] March 2025. 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 20[th] , 2017. The governing document is the Foundation Constitution. At the Trustees meetings, held physically and electronically in 2024/2025, 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 objectives of the Foundation 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 how 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 infrastructure 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 expanded aggressively in the Fiscal year 2024/2025 with some significantly higher Grants. This had a particular emphasis on the environment and long-term sustainability. There continued to be some residual effects of Covid with some delays and reduction in the numbers of projects in Africa and Asia seeking support. But overall, the challenges of Covid were replaced by the negative impact of Climate Change. This was experienced in Europe, Asia and Africa but particularly in farming projects in Africa. Technology, particularly in communications, has created new opportunities. For example, grantees were supplied with mobile phones, and communication and training were managed by regular WhatsApp calls. More communications were completed electronically rather than in person. Higher travel expenses contributed to this change Geopolitical volatility was a constant negative. The wars in Ukraine, Gaza and Sudan and general political unrest weighed down on economic growth and food supplies. Inflation and the cost of living soared. Prices, particularly of food and energy, increased significantly. Currency exchange rates depreciated dramatically. This caused major distress in Africa and Asia and stretched budgets in the UK. The new major overall negative factor was the impact of climate change. This continued to be a growing consideration in Foundation activities. Public awareness of the impact that industrial, commercial and population growth has had on nature and the environment has become 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 spectrum included droughts and floods and record high temperatures. The Foundation has actively sought projects and organisations we could support that would improve the long-term health of wildlife and nature. In 2024-2025 the geographic focus of the Foundation’s activities continued to give emphasis to the UK as well as Africa and Asia. The UK economy progressed sooner than developing countries thanks to aggressive government economic support, a superior health system and greater affluence. As a result, the Foundation focused on new UK projects that could be implemented immediately. We included making land purchases. In Africa (particularly Sierra Leone), we continued to focus on projects administered by organisations who had proven success. We continue to work on projects internationally in Indonesia with Fauna and Flora and the Rainforest Trust, and in Mauritius with Mauritius Wildlife Foundation. 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 had in the past discontinued support for an African AIDS charity where results after several years were discouraging. Similarly, we discontinued support again in Africa for an on-going, “forever” feeding program and an unsuccessful school start up. While the hope and promise was for sustainability, the financial results sadly failed. We continued to learn in 2024/25. Working with the larger, well-established charity organisations gave us excellent examples of professionalism, good governance and diligence and attention to detail of well-structured grant applications. We will continue to seek long-term relationships with such organisations. We had hoped for a major learning experience with Flora and Fauna (FFI) sharing project information and reviews on the Indonesia project. Feedback has not met our expectations. Sharing has been very limited and restricted by government requirements in Indonesia. In this regard, we introduced new contracts on finalizing Grant Approvals which make clear what reports and communications are required. This has worked extremely well in ensuring clarity in the conditions of grants rather than donations. Overall, the Foundation made excellent progress. Results from the projects funded were extremely satisfying and gave the Foundation some joy. Grant giving activities were increased significantly. Total funds distributed amounted to GBP2,2312,216. We are better prepared and are optimistic and confident that we are now able to increase the size and scale of our donations and expand the size and number of charitable organisations that we will invite to apply for grants. The activities of the Foundation are focused on two major areas: poverty reduction and nature conservation and regeneration. In 2024/25 we continued our activities to alleviate poverty. Specifically, to alleviate poverty, we expanded our grants to women’s farming groups in Sierre Leone and increased the number of villages included in our program. In Uganda, we supported two additional Bees Abroad programs also working with women’s groups. However, our main focus was projects in environmental projects on a larger scale. We were particularly active in nature and ecological projects working closely with the RSPB. Our biggest project ever - the expansion of the Wallasea reserve. We expanded our grants for re-wilding and nature regeneration projects in the UK, working closely with RSPB on a very successful project in Yorkshire. Also working with RSPB, we continued to support the promotion of community participation in the Land Trust/Bug Life project on Canvey Island – the largest invertebrate project in the United Kingdom. As part of our biggest project, the purchase of a farm for RSPB to expand the Wallasea Island Reserve. We continued to support the 5-year programme in Indonesia with Fauna and Flora in partnership with the Rainforest Trust, but with a pause in scheduled funding. 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. Financially, our investments with Cazenove continued to show growth combined with stability. The conservative investment strategy of Cazenove continued to perform well for the Foundation. ## **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 given to charities registered in England and Wales. Applications for all grants are made by invitation only. Those organisations 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 2023/2024** Rory’s Well Sierra Leone GBP 31,403.00 GBP 3,264.00 RSPB UK GBP 24,790.00 RSPB Wallasea GBP2,200,000.00 Bees Abroad Uganda GBP 2.759.00 _______________________ TOTAL GBP2,312,216.00 ## **HIGHLIGHTS** ## **Bees Abroad** The Foundation supported two additional beekeeping projects in Uganda, - Ticode and Road Barrier. Results are mixed but progress is being made to improve the financial position of the women participants. Here are excerpts from the President's report summary: **TICODE** – Based on the success of the group in achieving its 2023 project outputs a further 50 hives were made by LIDEFO and delivered to site early 2024 to join the initial 40 installed in 2023. The group prepared apiaries, built hive stands and placed them. By September, 71 of the total of 90 hives were colonised. Time taken to colonise is indicative of the favourability of both the location of the hives and the capability of the beekeepers. This level and speed of colonisation is better than average. By September 125kg of honey had been harvested from the initial 40 hives which is a good result because the colonies would still have been relatively small. We anticipate increasing harvests in 2025. **ROAD BARRIER** - A further 35 hives were added in 2024 to the original 15 making a total of 50. Of these 18 were colonised by September. The rate of colonisation has been affected by the limited number of women able to transfer colonies from catcher boxes in nearby trees to the hives. To compensate 6 colonies were acquired on their behalf by LIDEFO from neighbouring beekeepers during November and December. The hives are in two apiaries which are closer to each other than would be ideal. LIDEFO are working with the group to identify possible additional locations. 25kg of honey had been harvested by September. This amount will increase as the colonies develop. ## **Rory’s Well (Sierra Leone)** We are delighted at the progress in Sierra Leone. The project works with women’s groups in the villages to improve harvests of rice and to replace Slash and Burn destructive agriculture with a new yield-increasing method of Inga Alley Farming. Starting with a demonstration village, the results have been excellent, with annual progress. The Foundation has provided support to Rory’s Well since 2021. Between 2021 and 2023, this enabled them to set up: - 11 women’s farms with Inga agroforestry. - One community inland valley swamp rice farm (CIVS) - One community trained in bee keeping We then funded over a three year period, from 2024-26 an expanded farming programme, with particular emphasis on demonstrating Inga agroforestry as a viable alternative to traditional ‘slash & burn’, shifting cultivation and establishing community farms which could become selfsustaining, During this period the weather in the area has become increasingly extreme and unpredictable, with heavy, early rains being followed by extremely hot, dry periods. We are presently funding a two-year project, with a pilot in 2025 and roll out in 2026, to improve the resilience of the farms to both floods and drought. Between the start of this grant in 2024 and the end of the planting season in August 2025 we will have supported: • Expansion of the Inga demonstration farm to trial climate resilient crops such as cassava and sweet potatoes in addition to maize. • Development of five women’s farms with Inga agroforestry and three without. • Training and support for farmers to develop 12 individual Inga farms • Planting orchards of fruit trees and economically important native trees in 14 women’s farms. • A visit by an agricultural expert from another charity to learn about Inga and run a workshop on climate resilient agriculture, including compost making and mulching. • Review of flooding risks in the villages and appropriate planting advice. • Development of seven new CIVS farms with grain stores and drying ## **Fauna and Flora – Indonesia** The Foundation is supporting a new, five year $5.4m project to 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 307,836ha 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_ ), Papua Bird’s Head Peninsula ( _West Papua_ ) In terms of the overall impact achieved in 2024, further progress was made to advance protected areas. As of September 2024, the achievement of establishing new protected areas through the Social Forestry (SF) and Essential Ecosystem Area (KEE) was 419,000 acres. The project has completed 85% of activities towards designation. Complete designation was anticipated by mid2025. The project is needed since Indonesia is one of the most biodiverse countries in the world and is a priority for conservation. The project is working in forested lands with high conservation values that do not have conservation protection. Despite having the fourth largest population in the world, Indonesia is the most heavily forested place after the Amazon. Initial energies have been applied to obtain government and community buy-in. Unfortunately, the Indonesian government is extremely sensitive to outside influences. This means that progress has been slow to obtain formal approvals, Gazetting and Government decrees. More critically, there have been incidents where the Government has not met its commitments and reversed agreements to meet economic objectives. This has sadly caused some discomfort in the Foundation. The macro goals and global requirements of FFI have obliged them to adjust within the Government guidelines. This has resulted in some difficulty with the Foundation requirements to meet the agreed activities of our funding. Funding was paused by the Foundation while matters are resolved. ## **RSPB** During the year, the Foundation worked very successfully with the RSPB on 3 major projects: the expansion of Wallasea; Blacktoft Sands and Community Development programs in Canvey Wick. The results have been excellent. **Wallasea** : The Foundation supported the expansion of Wallasea with the GBP 2.2 million purchase of the neighbouring farm RSPB Wallasea Island is a relatively new reserve, with intertidal habitats first created in 2015 and the last lagoons completed in 2018. This vast wetland has become an extremely important area of the Crouch and Roach estuary, attracting a record 38,000 waterbirds last December. The Crouch and Roach are designated as a Special Protection Area (SPA) and a Site of Special Scientific Interest (SSSI), as well being an internationally important wetland under the Ramsar Convention. The area is also included as one of the nominated England East Coast Wetlands of the East Atlantic Flyway, recently added to the UK’s Tentative List of Natural World Heritage sites, the first stage towards joining UNESCO’s (United National Educational, Scientific and Cultural Organisation) World Heritage List, which recognises cultural and natural heritage of outstanding universal value to humanity. The reserve was developed on arable farmland owned by Wallasea Farms, who owned 4 fields adjacent to the west boundary. The RSPB has now been enabled to bring these fields into the reserve. This allows this important coastal site to add two missing habitats – permanent freshwater and scrub/grassland mosaic – the fields finalise the nature vision for the peninsula and create the first ever ‘completed’ RSPB reserve. The existing lagoons on the reserve are all fed with saline water from the surrounding rivers. Any freshwater areas on the reserve tend to dry in late spring or early summer leaving the reserve without any freshwater at the end of the bird breeding season. A new lagoon near the entrance is designed to use the winter rainfall which currently goes out to sea. This means that available freshwater should last for much longer and provide breeding habitat for Lapwing, Ringed Plover and potentially the rare Black-winged Stilt. The grassland on the reserve is managed for hunting raptors in winter such as Short-eared Owls and Hen Harriers, whilst in summer this becomes habitat for Adders and rare invertebrates such as the Shrill Carder Bee and Black Oil Beetle, which are both present at Wallasea Island. Denser scrub on a new area of grassland will also provide an extra element to attract different species such as Yellowhammer and Nightingale, whilst the ephemeral pools within the grassland will help the reserve retain good numbers of existing farmland birds such as Yellow Wag **Blacktoft Sands:** This has been an exciting success. In just over a year, Island Farm has undergone a speedy and effective transition from a mixed arable and grassland farm to coastal wet grassland with seed-rich areas, attracting a whole host of native species, many of them rare or threatened. The project’s new land features and protected areas have all now been successfully completed. This means that Island Farm has become a vital nature-rich area linked to the other wildlife SSSI/SPA habitats. Hosting up to 160,000 wintering and passage waterbirds, the Humber is ranked as the 6[th] most important estuary in Europe and the Island Farm site is now able to provide additional feeding and roosting space for more than 155 bird species. Already, this large 40-hectare block of wet grassland has shown that it can hold over 6000 birds in winter and support the successful breeding of lapwings. **Canvey Wick:** The Foundation has supported the employment of a community development officer at Canvey Wick in Essex over a 3-year period. Canvey Wick is still under development as one of Britain's largest reserves for invertebrates. The main project run by Bug Life and RSPB is progressing steadily. The Community Development manager has successfully run a programme of activities, slowly building community support for the project. ## **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 **REGISTERED CHARITY NUMBER: 1175286** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** **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 2025** |||**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 2025** The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 18 August 2025 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 2025. ## **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 18 August 2025 Page 2 **IDA DAVIS FAMILY FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |Notes
**INCOME AND ENDOWMENTS FROM**
Investment income
2
**EXPENDITURE ON**
**Charitable activities**
Bees Abroad
Rory's Well
RSPB
Fauna & Flora International
Other
**Total**
Net gains on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
25,985
2,759
34,667
2,224,790
50,000
8,313
2,320,529
177,244
(2,117,300 )
9,278,023
7,160,723| |---|---| The notes form part of these financial statements Page 3 **IDA DAVIS FAMILY FOUNDATION** ## **BALANCE SHEET** ## **31 MARCH 2025** |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
£
6,102,049
1,060,174
7,162,223
(1,500)
7,160,723
7,160,723
7,160,723
7,160,723
7,160,723| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 18 August 2025 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 2025** ## **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|25,985| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025. Page 5 continued... **IDA DAVIS FAMILY FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **4. CURRENT ASSET INVESTMENTS** |**CURRENT ASSET INVESTMENTS**|| |---|---| ||£| |Investment portfolio|6,102,049| 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
£
25,985
25,985|At 1.4.24
£
9,278,023
9,278,023
Resources
expended
£
(2,320,529 )
(2,320,529 )|Net
movement
in funds
£
(2,117,300 )
(2,117,300 )
Gains and
losses
£
177,244
177,244|At
31.3.25
£
7,160,723
7,160,723
Movement
in funds
£
(2,117,300 )
(2,117,300 )| |---|---|---|---|---| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2025. Page 6 **IDA DAVIS FAMILY FOUNDATION** **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** £ |**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**|25,985
25,985
2,312,216
6,510
102
201
1,500
2,320,529
(2,294,544 )
177,244
(2,117,300 )| |---|---| This page does not form part of the statutory financial statements Page 7 ## **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 2025. ## **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 18 August 2025 Page 1