Registered number: CE024257 Charity number: 1191458 ## **The Helen Davis Family Foundation** **Trustees' report and financial statements for the year ended 31 December 2023** **The Helen Davis Family Foundation** ## **Contents** |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |---|---| |**Trustees' report**|2 - 4| |**Statement of financial activities**|5| |**Balance sheet**|6| |**Notes to the financial statements**|7 - 12| **The Helen Davis Family Foundation** ## **Reference and administrative details of the Charity, its Trustees and advisers for the year ended 31 December 2023** |**Trustees**|Dr Anne Victoria Davis PhD, Chair (appointed 21 July 2020)| |---|---| ||Peter Davis (appointed 21 July 2020)| ||Sarah Elizabeth Whipp (appointed 21 July 2020)| ||Edward Alexander Davis (appointed 21 July 2020)| ||Bethany Rose Davis (appointed 21 July 2020)| ||Brian Davis (appointed 21 July 2020)| |**Company registered number**|CE024257| |**Charity registered number**|1191458| |**Registered office**|Flat 209 The Metropole| ||The Leas| ||Folkestone| ||Kent| ||CT20 2LU| |**Bankers**|CAF Bank Ltd| ||25 Kings Hill Avenue| ||Kings Hill| ||West Malling| ||Kent| ||ME19 4JQ| Page 1 ## **Trustees’ Annual Report for the period** **From: 1 January 2023 to 31 December 2023** ## **Charity name: The Helen Davis Family Foundation** ## **Charity registration number: 1191458** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objectives of The Helen Davis Family
Foundation are to advance such charitable
purposes for the benefit of the public, as the
Trustees see fit from time to time, in line with
the wishes of the late Helen Davis.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Paras 1.17 and
1.19|Grants have been made by the charity to
other charities and organisations for the
public benefit, notably in relieving family
poverty, enriching education and
supporting medical research.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|In setting objectives and planning for activities,
the Trustees have given due consideration to
general guidance published by the Charity
Commission relating to public benefit, including
the guidance 'Public benefit: running a
charity'.| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The charity made grants totalling £5,640 in
the reporting period. £1,300 went towards
supporting families in poverty. £3,340 was
donated to St John’s College, Cambridge.
A final grant of £1,000 was made to Kidney
Research UK to help finance research into
nephronophthisis.| Page 2 ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity’s investments increased slightly
during the year. Total assets increased
from £278,645 to £293,053| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The charity approves grants and
disbursements only from its investment
income, except in cases of urgent need. In
this way, the capital remains largely intact.| |Amount of reservesheld|Para 1.22|£293,053| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|The charity disburses grants using the
income from its capital reserves, which
remain healthy.| ## **Structure, Governance and Management** |Description of charity’s
trusts:||The Helen Davis Family Foundation
consists of one trust administered by the
family of the late Helen Davis.| |---|---|---| |Type of governing document|Para 1.25|It is governed by a Trust deed.| |How is the charity
constituted?|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustees are members of the family of the
late Helen Davis. New trustees are elected
and co-opted under the terms of the Trust
deed.| ## **Reference and Administrative details** |Charity name|The Helen Davis Family Foundation| |---|---| |Other name the charity uses|N/A| |Registered charity number|1191458| |Charity’s principal address|Flat 209, The Metropole
The Leas
Folkestone
Kent
CT202LU| Page 3 Namts of the charlty trustees who manage the charity Nam• of pèwson lor body} entitled to appolnt ifan Tru8t•• Mme Olll¢e of*ny) l)ates acted if notfor Dr Anne Victoria Davis Chair Peter Davis Sarah Elizabeth Whipp Edward Alexander Davis Bethany Rose Davis Brian Davls Secretary Treasurer Corporate trustees- names of the directorn at the date the report was approved NIA Name of trustees holding tiue to property belonging to the charity NIA Funds held as custodian trustees on behalf of others scri tion of the assets held in this ca me and objects of the chartty on whose behalfthe assets are held and this Ils within the Gustodian chari tails of arrangements for safe cust¢)dy and segregatson of such assets from the afl Exemptions from disclosure Reason for non4isdosure of key personnel details NIA Declarations The trustees declare that have approved the trustees, report above. Signed on beha￿ of the charitls trustees Slgnature: Full name: Dr Anne Vlctorla Davls PhD Posltion: Chalr of Trustees Date.. i?K AF.fj 2oaLF- ## The Helen Davis Family Foundation Statement of financial activities (incorporating income and expenditure account) for the year ended 31 December 2023 |||Restricted|Unrestricted|Total|_Total_| |---|---|---|---|---|---| |||funds|funds|funds|_funds_| |||**2023**|**2023**|**2023**|_2022_| ||Note|£|£|£|_£_| |**Income from:**|||||| |Donations and legacies|3|-|-|-|_110_| |Investments|4|-|9,039|9,039|_6,653_| |**Total income**||**-**|**9,039**|**9,039**|_6,763_| |**Expenditure on:**|||||| |Charitable activities|6|5,640|4,688|10,328|_10,237_| |**Total expenditure**||**5,640**|**4,688**|**10,328**|_10,237_| |**Net (expenditure)/income before net gains on**|||||| |**investments**||(5,640)|4,351|(1,289)|_(3,474)_| |Net gains/(losses) on investments|10|-|15,697|15,697|_(54,350)_| |**Net (expenditure)/income**||**(5,640)**|**20,048**|**14,408**|_(57,824)_| |Transfers between funds|14|8,140|(8,140)|-|_-_| |**Net movement in funds**||2,500|11,908|14,408|_(57,824)_| |**Reconciliation of funds:**|||||| |Net movement in funds||2,500|11,908|14,408|_(57,824)_| |Total funds brought forward||1,000|277,645|278,645|_336,469_| |**Total funds carried forward**||3,500|289,553|293,053|_278,645_| The Statement of financial activities includes all gains and losses recognised in the period. The notes on pages 7 to 12 form part of these financial statements. Page 5 The Helen Davis Famity Foundation Reglstw•d number. CE024257 Balance sheet aF al 31 December J)23 2022 Flxed assets Investments 10 284.053 272,950 Currènt ass•ts Cash at bank and in haTrJ 8,579 Debtors.. amounts fallirYJ due wthin one year 11 420 Craitors.. amounts falling due wthin year Net current assets 12 5,695 Total net assets 293.053 278,645 Charity funds Restricted funds Unrestricted funds Total fund8 14 14 3.5(X) 1.0(Kl 289.553 27T,645 293.053 278,645 The Charity vrds entitled to ex￿p￿"on from audrt under seciion 477 of the Ccmpanies Act 2C(6. The members Iwe not requir￿ the company to rtstain an audtt fLY the period in question in accordance with wtion 476 of C(Wnpan￿ Acl 2￿. The Trustees ackrN)wbethJe their responsbilÈtw for cC￿ptying with the Fequirements of the Act th resp￿1 to a¢xounting reccrds and preparati￿7 of fina￿1￿ statements. The financial statements have been prepared in ￿rd8￿ with the provi￿OnS 4pli¢able to enlilies subject to the small Ccmnpanies regime. The finanryal statements were wroved aU￿riS&j for by the Truslees and signed on their behalf by.. Dr Anno Wictorfa Dav1$ PhD Chair of Trustees BTlan Davls Truslee Date". 12L Aprsl 101+ The notes on pages 7 to 12 form part of these financial statements. P*Je 6 **The Helen Davis Family Foundation** **Notes to the financial statements for the year ended 31 December 2021** ## **1 General information** The Helen Davis Family Foundation is a charitable incorporated organisation incorporated in England and Wales. The registered office of The Helen Davis Family Foundation is: Flat 209, the Metropole, The Leas, Folkestone, CT20 2LU. The charity exists to fulfil the wishes of the late Helen Davis to support the work of The Methodist Church, provide educational bursaries and prizes, help relieve family poverty and aid young performers by making grants to individuals and small groups. ## **2 Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Helen Davis Family Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Grants payable are charged in the period when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the period end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. Page 7 **The Helen Davis Family Foundation** **Notes to the financial statements** ## **for the year ended 31 December 2023** ## **2 Accounting policies (continued)** ## **2.4 Investments** Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. ## **2.5 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.6 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.7 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.8 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 8 ## **The Helen Davis Family Foundation Notes to the financial statements for the year ended 31 December 2023** ## **3 Income from donations and legacies** |Donations
**4**
**Investment income**
Income from local listed investments
**5**
**Analysis of grants**
Grants, Direct costs - Activities (Activity 1)
**6**
**Analysis of expenditure on charitable activities**
**Summary by fund type**|**Unrestricted**
**Total**
_Total_
**funds**
**funds**
_funds_
**2023**
**2023**
_2022_
**£**
**£**
_£_
-
**-**
_110_| |---|---| ||_-_
**-**
_110_| ||**Unrestricted**
**Total**
_Total_
**funds**
**funds**
_funds_
**2023**
**2023**
_2022_
**£**
**£**
_£_
9,039
**9,039**
_6,653_| ||**Grants to**
**Total**
_Total_
**Institutions**
**funds**
_funds_
**2023**
**2023**
_2022_
**£**
**£**
_£_
5,640
**5,640**
_5,350_| ||| |Direct costs|**Restricted**
**Unrestricted**
**funds**
**funds**
**Total**
_Total_
**2023**
**2023**
**2023**
_2022_
**£**
**£**
**£**
_£_
5,640
4,688
**10,328**
_10,527_| |---|---| Page 9 **The Helen Davis Family Foundation Notes to the financial statements for the year ended 31 December 2023** ## **7 Analysis of expenditure by activities** |**7**|**Analysis of expenditure by activities**||||| |---|---|---|---|---|---| |||**Grant**|||| ||**funding of**||**Support**|**Total**|_Total_| ||**activities**||**costs**|**funds**|_funds_| |||**2023**|**2023**|**2023**|_2022_| |||**£**|**£**|**£**|_£_| ||Direct costs - Activities|5,640|4,688|**10,328**|_10,527_| ||**Analysis of support costs**||||| |||||**Total**|_Total_| ||||**Activities**|**funds**|_funds_| ||||**2023**|**2023**|_2022_| ||||**£**|**£**|_£_| ||Sundry expenditure||34|**34**|_93_| ||Bank Charges||60|**60**|_81_| ||Investment portfolio fees||4,594|**4,594**|_4,713_| ||Governance costs||-|**-**|_-_| ||||4,688|4,688|_4,887_| |**8**|**Independent examiner's remuneration**||||| |||||**2023**|_2022_| |||||**£**|_£_| ||Independent examination of the Charity's|annual accounts not|||| ||required for the year ended 31 December|2023 as|gross income||| ||is less than £25,000.|||**-**|_-_| ## **9 Trustees' remuneration and expenses** During the year ended 31 December 2023, no Trustees received any remuneration or other benefits. During the year ended 31 December 2023, no Trustee expenses have been incurred. Page 10 ## **The Helen Davis Family Foundation Notes to the financial statements for the year ended 31 December 2023** ## **10 Fixed asset investments** |**Cost or valuation**
At 31 December 2022
Additions
Disposals
Revaluations
At 31 December 2023
**11 Debtors: Amounts falling due within one year**
Trade debtors
Prepayments and accrued income
**12 Creditors: Amounts falling due within one year**
Trade creditors
Accruals and deferred income
**13 Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditur|**Listed**
_Listed_
**investments**
_investments_
**2023**
_2022_
**£**
_£_
**272,950**
_333,014_
**-**
_-_
**(4,594)**
_(5,713)_
**15,697**
_(54,350)_| |---|---| ||**284,053**
_272,950_| ||**2023**
_2022_
**£**
_£_
**-**
_-_
**420**
_219_| ||**420**
_219_| ||**2023**
_2022_
**£**
_£_
**-**
_-_
**-**
_-_| ||**-**
_-_| ||**2023**
_2022_
**£**
_£_
e
**8,579**
_5,476_| Page 11 **The Helen Davis Family Foundation Notes to the financial statements for the year ended 31 December 2023** ## **14 Statement of funds** ## **Statement of funds - current year** |**Balance at**
_Balance at_
**31**
_31_
**Transfers**
**Gains/ December**
_December_
**Income**
**Expenditure**
**in/out**
**(Losses)**
**2023**
_2022_
**£**
**£**
**£**
**£**
**£**
_£_
**Unrestricted funds**
General Funds
**9,039**
**(4,688)**
**(8,140)**
**15,697**
**289,553**
_277,645_
**Restricted funds**
Restricted Funds
**-**
**(5,640)**
**8,140**
**-**
**3,500**
_1,000_
**Total of funds**
**9,039**
**(10,328)**
**-**
**15,697**
**293,053**
_278,645_
**Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
**Unrestricted**
**Total**
_Total_
**funds**
**funds**
_funds_
**2023**
**2023**
_2022_
**£**
**£**
_£_
Fixed asset investments
284,053
**284,053**
_272,950_
Current assets
8,579
**8,579**
_5,476_
Debtors due within one year
420
**420**
_219_
Creditors due within one year
-
**-**
_-_
**Total**
293,053
**293,053**
_278,645_|**Balance at**
_Balance at_
**31**
_31_
**Transfers**
**Gains/ December**
_December_
**Income**
**Expenditure**
**in/out**
**(Losses)**
**2023**
_2022_
**£**
**£**
**£**
**£**
**£**
_£_
**9,039**
**(4,688)**
**(8,140)**
**15,697**
**289,553**
_277,645_|**Balance at**
_Balance at_
**31**
_31_
**Transfers**
**Gains/ December**
_December_
**Income**
**Expenditure**
**in/out**
**(Losses)**
**2023**
_2022_
**£**
**£**
**£**
**£**
**£**
_£_
**9,039**
**(4,688)**
**(8,140)**
**15,697**
**289,553**
_277,645_| |---|---|---| ||**-**
**(5,640)**
**8,140**
**-**
**3,500**
_1,000_|| |||| ||**9,039**
**(10,328)**
**-**|**15,697**
**293,053**
_278,645_| |||**Unrestricted**
**Total**
_Total_
**funds**
**funds**
_funds_
**2023**
**2023**
_2022_
**£**
**£**
_£_
284,053
**284,053**
_272,950_
8,579
**8,579**
_5,476_
420
**420**
_219_
-
**-**
_-_| |||293,053
**293,053**
_278,645_| ## **15 Analysis of net assets between funds** ## **16 Related party transactions** The Charity has not entered into any related party transactions during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2023. Page 12