REGISTERED COMPANY NUMBER.. 11032807 (Etsglartd alld Wiles) REGJSTERED CHARITY NUMBER,. 1176477 REPORT OF THE TRUSTEES AND UNAUDITED FINANCtAL STATV.MENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR KIRMqN DAVIES FOUNDATION Anthews and Palsller ChzrtetEd Accnlintts 32 The Square illin8harn Dotset SP84AR
KIRIVIN DAVXFS FOUNDATION coNrENfS or THE FIF4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCll20 Page Report of ihe Tru3t¢e5 Independeut ExamiDtr'5 Report Statement of Flnan¢ial Activities Notes to tbè FI3CIal Ststtments
KtRWIN DAVIES FOUNDATION IREGISTCREDIYUMBER.. 11032807) REPORT OF THF. TRUSTEES FOR THE YEARENDLD 31 MARCH 2015 The trUSte&% who are also diTeCtOTS of the charity for th¢ purpses of th¢ Comp2nies Art 2006, prtsent their report with the financial 513tements of the charity for the y¢ar ended 31 March 2025. Thc trustees have adopted the provisions of AG¢ountillg and Rcporting by Charities.. Staten]ent of ROn]mended PractlG¢ 3pplicable to chariue5 Prqjarln their ¢ourtts in accordance wilh the Financial Reporting StsndaTd applicable ill the UK 8nd R¢publi¢ of Ireland IFRS 1021 (effective l January 20L9). OBJECtIVES AND ACTIVITIES Objeetives and 4illL5 The ObJts of the ¢harity ore Jpply its fvnd5 for such exclusively Gharitsble purposes 85 the trustt¢5 tY thiryk fit in acwrdance with the 8rtic1¢5 of SOatron. The trustce5 confjnn that they have Itferrtd to th¢ 8ULJartce COntaid in ih Charity Commission's Eeneral guidan¢¢ on pubSic tenefit when Trviewing the ¢h¥ity'S Xims and Objectiv and planning future actlVLtitt. The Principal a¢tivity of the charity LS to 5UPFQrt & lirnited number of sNd£nts in fsftancial need with living and other peDse5 during tertiary education. Sigrtific•rLt $ctivitie$ Th¢ ¢hatsty will work with multi academy trusts to ideniify appli¢8nts who would bemefit from financial assistance. The &pplicants will then be expeded to 6Kpl&n in writing why they need help md how th¢ Coursc thvy pian tr> undertakc will change their lives. ACH[ENEMEfS AND PERFORMANCR Chgritsble activith Dt]ring the year the chan.ty rettived doDaiions to ¢nable its charitsble objective5 and aim5 to be met in ihis and fuwre Fundraising attivities Th¢ chariry does notcgrry out aT)y fundraising activitses. FINANCIALREVIKW FingnetAI po$ition During th¢ yeaT to 31 March 2025. the Charity reG¢ivtd income of £54,144 avd incurted txpBndItU of £25,292, rttulting in a totsl Surp1 of £28,852. At the end of th¢ financial year the charity had n¢t fid5 eALTi¢d forN¥d of £73.378. Re5Èrvt5 policy The tsustees, policy is to Inwniain 5uffiGient reserves to enable the charity's comrnibnenis, inGludiDg 8mounts to due to styjdents to b¢ m¢t. STRUCTURE, GOVERTr4ANCE AND MANAGEMENT GovernIg d0ellmet The charity is govemed by lis ticleS of &4s0ciatiort Ènd is a limitgj COMpY litnited by guRr¥ntee incorporatcd undcT the Compatties AGt 2006. Induction and tYgitLing ¢)f new trustee$ The power of appointment of new twsttes r&4tswith the founding member of the charity. Geoffiry Davie8. REFERENCE AND ADMll%lSTIiATIVE DET AILS Registerod Compllny number 11032807 (Bngland and Wslesl RegistÈred Chxrity Dumb¢r 1176477 Pagt I
KIRWIN DAVIES FOUNDATION OiEGISTERED NUMBER: 110328071 REPORT OF THE TRUStELS FOR THE YEAR ENDRD 31 TrL4RCH 2025 Registered oltlct Hintock Hollow High¢rBlandfoTd Road Shatsbury Dotset SP7 8DA TrusÈee5 Ms L S Kirwn (deaSed 20.7241 G R DaNies Fvf5 H T Easb¥ood A P Forster Pyfrs C F Mander lappDinled l4,10.24) ljjdepettdellt Exgminer chrtopher H Jatratt BA(Hon81 BFP FCA Andrews and Palmer Charteted ACcoUnts 32 The Squarc Gillingham Dorset SP8 4AR Bankers C. Hoare & Co. This report ha5 been pr¢pared in accordance with the Special provisioDS of Part 15 of the Companies A¢t 2006 ttlating to Small companies. Approved by orderof the b)anl oftru5tses on 8 Dec¢tnbv20?5 and signed on it8 behalfby.. QRDaw Page 2
tNDEPENDENT EXAMINER'S REPORT TO THE TRUS'fEES OF KIRWIY DAVIES FOUThDATION lttdtpeudent examiner's report to the trustees of KiTWill Da¢$ fr'oundatlou {'thE CompaDy') I report to the chwiry trustess on my exxminatiox] of the accounts of tht Company fvrtheye2r ended 31 MarGh 2025. Responsibilities and b#sis of report A5 the chJrity'5 Irusi¢es of the CompaTJy (and oiso its directots for the purp05e5 of company law) you are Nsponsiblr for the PTewdration of the accounts in accordanc¢ with the re9ements of the Companies Act20061'the2006 A¢i'l. Having satisfiEd myself that the a¢counts of the Company are not required to Ec alldited under Part 16 of the 2006 Act and are eligible foT indepertd¢nt examination, L report in respect of my examination of your chall5 accounts as caled out under Section 145 of the Chanties Act 2011 lyhe 2011 ACYI. In out my ex9mination I h&v¢ follow¢d the Dirtdions giv¢D by the ChaTity Commission wider S¢¢tion 14515} Ibl ofth¢ 201 I Independent examiller's ststerllent I bave completed my Examinalloll. I confiTh th21 no nmtters hav¢ come to my 3tterrtiOn ill ¢OllnectlOD with the examijation giving MB ca£ to believe.. accounting records were not kept in resP¢Gt of the Comp¥tsy as requiredby Section 386 ofthe 2(H)6 ACL or tlie accounts do not acGDrd with those records,. or the awounts do not comply Mth the accounting requir¢ments of Section 396 of the 2006 Act othcr than any requirement that th¢ aG¢ounts give a trlle gnd fair view which is not a mattcr Gon5id¢rd part of an independent examinalioTI; or th¢ OUnts hxve not b¢Bn prepared in acc4)rdance with the methodg and principles of the State[nt of Re£ommended Pr&¢tice for accourttlDg 8nd Teporting by Gh&riti¢s (applicable to charities preparing their a¢couDts in accordance with the Financial ReportlDg Standard applicable sn thc UK 8nd Republic of Ir¢land IFRS 10211. I have no Gonc¢ms and have cvme across no other matters in connection with the examinauon to which #ttention should be drxwn in this report in orderto &b]e &proper understanding of th¢ acGountsto k reached. ChristopherH Isffatt The Inshtut¢ of Ciwt ong1 Bfp FCA A¢¢ountants in EDsl8nd attd Wales Andrews and PalrneT Chart¢red Acwuntants 32 The Square Gillingham DoF5¢t SP8 4AR 8 DberIa25 Page 3
KIRWtN DAVJES FOUNDATION STATEMEIYT OF FINANCIAL ACTlVtTIES OFICORPOIUTING AN INCOME Ahl) EXFENDITURF ACCOUNT) FOR THI YEAR ENDED 31 MARCH 202S 31.3.25 Unrestricted fi)nd 31.3.24 fund5 Not INCOME AND ENDOWMENTS FROM 54,144 25,000 Donations and le&act¢s EXPENDtTURE ON Cbaritable aftivities GTants 24J12 29.812 980 545 292 30357 Totsl 28.852 15,3571 NET NCOMEI(EXPENDmJREI RECONCILIATION OF FLWDS Total rtd5 brought forward 44.526 49,883 44.526 TOTAL FUNDS CAiUiSED FORWARD 73 J78 The llote5 forni p8rt of these financial ststements
KIRWN DAVIES FOUNDATION (REGISTERED NUMBER: IAO32807) BALANCE SHEET 31 MARCH 2025 31.3.25 Unrestricted Dd Totsl fla$ Noies CURRENT ASSETS Cash at bank 73.978 45,LK16 CREDITORS Amourtts falling du¢within oneyear 16001 (48Ql 73,378 44.526 NET CUIUiENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 73 J78 44,526 73,i78 44,526 NET ASSETS 73 J78 44,526 UnTestri¢#ed fvnds 73?78 44.526 TOTAL FUNDS Th¢ chaTitabl¢ company is entitled to exemption from audit undeT Section 4T1 of the Comparti¢s Act 2006 for the yv8r idcd 31 Marth 2025. The mEmbeTS have not requEd the company to obtsin an kudit of its financial stements for the year ¢nd¢d 31 Maroh 2025 in accordance with Sectiort 476 of the Companies Att 2006. The trnstees arl(nowlEdge (heir Tesp)nsib1iili for la) ¢n5uring that the ¢hatit8blc cotnpany kw pccouftiin8 r¢cords that Comply with Sections 386 and 387 of the Companies Act 2006 Jnd preparing financial statetn¢ftts which 8ive a true and fwT view of the statt of affairn of the tharitsble company as at Ihc end of each financial year and of its swplus or deficit for each financi81 year in COrdan Wifh the requir6Tnents of Sections 394 and 395 and whiGh otheNryse omply with the requiranents of the Companies Act 2006 relating to fin¢1 stsrern¢nt& so far applicable io the charitable comp?y. Ibl These finBncial statements have be6D prepar¢d ID acGordaDce with th¢ provisions appliG#bl¢ to ¢Itable compatii subject to the S] compni¢5 re&m¢. The finan¢ial statsmertts were appTDved by the Board of Tn]stee8 attd auth0ri5ed for issue on 8 DeCter 2025 and wert sI¢d on its behalf by.. Q R Davies- The notes form part of these fin&n¢id statements PagE 5
KIRWIN DAVIES FOLATIoN OTES TO THE FINANC STATEMENTS FOR THE YEAR ENDED 31 CH 2025 STATUTORY INFORMATION Kiti¥in Davies Foundation is a charity, limited by guarantee. registed ill England And Wales. The chtiriws gistered llumber and regigtered offic¢ add58 c1 be found in the R¢port of th¢ Tntt5. The presentation Gwrency of the fiTJalltiai statements is the Pour Sterling (£1. ACCOUNTtNG POLICIES Bgsis of prering the fiTrgncial $talen)ents The financial statcmcllts of the chariiabl¢ ¢QTnpany, which is a public b¢Defit entity undcr FRS 102, have been pr¢p8Ted in accordance with the Charitses SORP IFRS 1021 'AccDunting and ReportiniF by Chariti¢s.' stament of R¢coTnrncnded Practice applicable to ¢harities preyaring theiT account5 in accordanet wtth the Financial Reporting StsndaTd applicable in the UK and Repiiblic of Ireland IFRS IU21 l¢ff¢ciive l Jgnvary 2019)., Fin8noiJ Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republic of I19nd, and the Compgnies Act 2006. The fCial ststements have been wepaTed under th¢ histori£ cost convention. Ineome A]1 income is r¢¢o8nised in th¢ Staternenl of f4inanci AthNryties Once the charity h& entitlement to the fid$, it is ptobable that the illCOTne will be received and the 8mount can b¢ me&sured reliably. Do#ation5 and any gsgociated t&x rlaimab1e from HM Revenue & Customs are recognised when the Twst has been notifjed in writing of both the amount and Settlement date. Expenditsre Liabilitie5 are recogllised exFndiiure 8s soon ag there is a legal or construcbve obligation ronunilling the charity to that ¢xp¢nditurt, it is probable that a trgnsf¢r of ¢¢onomic benefits will be rquir in settletnEllt and fhe amoutrt of the obligation can be mwured reliably. Expen(bture Is ac¢outited for on all accTuuIs b15 and has been classifi¢d under heading5 that aggr¢gat¢ all cost related to the otegory. there costs cannot be directly attribUd to pthiGular headings th¢y have been allocated to activities on & basis congiitent with the us¢ of rtsouTceg. Gtants offered subject to ¢ottditions which havc noi becn met at the Ye end date Doted &% a MmItment but not aCU¢d a5 exp¢ndith. Governaryce costs Gov¢rnanc¢ costs include costs of the prepuation and examination of thDJtory accounts and administration of the d12Tity. Gov¢rn8nce costs are allocatrd zs Other costs within the general $tri¢trd fid. Taxation e charity i% exempt from corpuration tLxon its ¢haritable PtivitieS. Fulld Accounting UnreStri¢t&l fury can be used in aCcoatt with the chatitsble objectives at the discTetiOll ef the tryStees. Restricted funds can only bc used for particular rcsiricied PUTposes within the obj¢¢ts of the charity. Restrictions rie when SPefIed by thedonoror when funds are Aised forparLi¢ular restricted purposes. Furth¢rexplanation ofthe naThJre and Purpose of each fund is included in the notBsto the fitLan¢ial stakments. Fin4nci#l instrutnents The charity only financial ass¢ts and financi liabilities of a kind that qualify as basic fJnanGial insbuments. Basic financi instNm¢nts are initially recognised at transaction value Blld subsequently measured at their s¢ttlem¢nt vaIue. Page 6 continued...
KIRWIN DAVIES FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- coThtinued FOR TH& YEAR ENDED 31 MARCH 2025 ACCOUNTINC POLICILS- continuod Debtors Tiade and otherdebtors are recognised atthe settlement amount receivable. Prepayments are v8lu¢d 8t the historic cost of the amount prepaid. Cash at bank Cssh at bank is defmed by the charity as fimds avaiiableto be used immediatety. Creditorg Cteditors and provisions ar¢ r¢wgniwi where the oharity prtsent obligation resUltg from a p85t event that will probably rcsult in ihc transfer of full( to a third party and the amount due 10 settle the obligation catt be Msu[CO reliably. CRANTS PAYABLE 31.3 31J.24 Grants 24,312 29.812 Dir¢ct charitable grdnts werE made to 3 (2Q24 - 31 dIffert charitable voluntary instithtions. Th¢ grants were made to the bodies named bclow'.- 31.3.25 31.3.24 H2Ttis Foundation Medccins Sans Frontieres Bre&st CancerNow 24,000 180 132 29,500 180 132 Total grRDts for yc£r 24,312 29.812 NET INCOMElffXPENDITUREI Net incomellexpenditteI is ststed afterchargin&llcrediting}.' 31.3.25 31.3.24 Indcp¢ndent ¢x¥mTners' f IDdepcndent eX9mine other se]vices 300 420 480 TRU8TEES' REMUNERATION AND BENEFITS There were no nustees, r¢mun¢ration or other benefits for the year ended 31 March 2025 nor foT the year ended Jl March 2024. Trustees, t%p¢n5QS There wetE no tntee5. txpenses paid forthe yeaT ended )1 March 2025 nor for the year endd 31 Matth 2024. PAge 7 coniinud...
RWIN DAVIES FOUNDATION NOTES TO THE FINAN'CIAL STATEMENTS_ torttittlled FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Ut)restricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 25,000 EXPENDITURE ON C.haritsble activtties Gtsnts 29,812 Other 545 Totsl 30,357 NET INCOMEIIEXPENDITURE) (5,3571 RECONCILIATION OF FUNDS Totsl funds brought forward 49,883 TOTAL FUNDS CARRIED FORWARD 44,526 CREDITORS.. AMOUNTS FALLING DUETrVITHtN ONE TrTAR 31.3.25 31.3.24 Accrued penSeS 600 480 MOVEMENT IN FUNDS Net movement funds At 31J.25 At 1.4.24 Unrestrieted funds General fitnd 44.526 28.852 73,378 TOTAL FUNDS 44.526 28.852 73,378 Nct movemcDt in funds. included in the above tte 88 follo.. Incoming sourteg Resources expended Movernenl in fi]nds Unrestri£t¢d fDnd$ Gtneral fund 54.144 1252921 28,852 TOTAL FUNDS 54,144 1252921 28,852 Pe8 contittued...
K]RWtN DAVIES FOUNDATION NOTE5 T() THL VSNANCIAL STATEMENTS. contiDued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- CODtinued Comparitives for movement in funds Nel movemeni in funds At 31.3.24 Ai 1.4.23 Unrestricted fullds Gen¢tal fund 49,883 153571 44,526 TOTAL FUNDS 49,883 15.3571 44,526 Comparnttv¢ net movemettt th fvnds. included in the above ate as follows." Incoming resources ResouTG¢5 expend¢d Movement in funds Unrestritted funds fund 25,000 (30J571 15,3571 TOTAL FUNDS .000 (30J571 15,3571 A cUentyCar 12 months and prior year 12 months oornbined position is follows.. Net moven]ent in funds At 31.325 At 1.4.23 Unrestrieted furjds Genernl fund 49,883 23,495 73,378 TOTAL FUNDS 49.883 73,378 A current year 12 tnonths and prior year 12 Gombincd net movement in funds. incluikd in the above a as follows.. In¢omiDg resour¢¢s Resourc&8 expended Movement in fvnds Unrestrirted funds Genevdl fund 79.144 155,6491 23,495 T(YfAL FUNDS 79,144 155.6491 ,495 General Fund- Tlus hndTepresenis income from donations, net of Bovem8llce costs and grants payable. Pag¢ 9 continued...
KIRWIN DAVIES FOUNDATION NOTES TO THE FINAiYCIAL STATEMENTS. fODtillued FOR THE YEAR ENDED 31 T*L4RCH 2025 RELATED PARTY DISCIA)SURES DuTing the year donauoDs were made by trustee5 to the Ghatity, G R Davi¢s donated £34550. These donations were made without conditions and included in unT¢stri1 fvnds. Page 10