Registered number: CE024257 Charity number: 1191458 ## **The Helen Davis Family Foundation** **Trustees' report and financial statements for the year ended 31 December 2024** **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 2024** |**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)| ||Joshua James Davis (appointed 21 July 2024)| |**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 2024 to 31 December 2024** ## **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 and donations have been made by
the charity to other charities and
organisations for the public benefit, notably
in relieving poverty, enriching education,
aiding plant conservation and supporting
the Methodist Church. Grants have also
been made to individuals meeting the
criteria of the wishes of the late Helen
Davis.| |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 £10,984
in the reporting period, a 95% increase
on the previous year. £500 went towards
supporting families in poverty; £4,000
was donated to Cliff College and £999 to
St Peter’s Methodist Church, Canterbury;
£1,000 was donated to Christian Aid and
£2,000 granted to support youth
organisations; and a grant of £1,500 was
made to Fauna and Flora UK for plant
conservation work in Kyrgyzstan. Finally,
grants totalling £985 were made to three
individuals as part of the Adventure Mind
project.| 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 £293,053 to £304,897.| |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|£304,897| |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 and donations
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 Names of the charity trustees who manage the charlty L)ates act￿ rf notfor T*holo yèar Tnwtee n•me Office (11 any} Name of pornon lor body) *ntitled to appoint trutst* Ilfa Dr Anne Wictoria Davis Peter Davis Chair Sarah Elizabeth Whipp Edward Alexander Davis Bethany Rose Davis Brian Davis Joshua James Davis Secretary Treasurer 21 July 2024- 31 December 2024 Corporate trusteo$- names of the diroctOY8 at the data the report approvod NIA Name of truste08 holdlng Iltle to property belonging to tho charity NIA Funds held as custodian trustees on behalf of others Descri tion of the assets held in this ca Name and objects of the charty on whose behalf the assets are held and how this falls within the custodian cha 's ob'e￿$ Details of arrangements for safe custody and segregation of such assets from the cha 's own assets NIA NIA NIA Exemptions from disclosure Reason for non-disclosure of key personnel details NIA Declarations Th8 trustees dedare that they have approved the trustees, report above. Signed on behalf of the charty's trustees Signature: Full namo: Dr Anne Vlctoria Davls Positlon: Chalr of Trustees Dats.. 314/2oJb- Page 4 ## The Helen Davis Family Foundation Statement of financial activities (incorporating income and expenditure account) for the year ended 31 December 2024 |||Restricted|Unrestricted|Total|_Total_| |---|---|---|---|---|---| |||funds|funds|funds|_funds_| |||**2024**|**2024**|**2024**|_2023_| ||Note|£|£|£|_£_| |**Income from:**|||||| |Donations and legacies|3|-|100|100|_-_| |Investments|4|-|9,461|9,461|_9,039_| |**Total income**||**-**|**9,561**|**9,561**|_9,039_| |**Expenditure on:**|||||| |Charitable activities|6|9,484|6,220|15,704|_10,238_| |**Total expenditure**||**9,484**|**6,220**|**15,704**|_10,238_| |**Net (expenditure)/income before net gains on**|||||| |**investments**||(9,484)|3,341|(6,143)|_(1,289)_| |Net gains/(losses) on investments|10|-|17,987|17,987|_15,697_| |**Net (expenditure)/income**||**(9,484)**|**21,328**|**11,844**|_14,408_| |Transfers between funds|14|12,144|(12,144)|-|_-_| |**Net movement in funds**||2,660|9,184|11,844|_14,408_| |**Reconciliation of funds:**|||||| |Net movement in funds||2,660|9,184|11,844|_14,408_| |Total funds brought forward||3,500|289,553|293,053|_278,645_| |**Total funds carried forward**||6,160|298,737|304,897|_293,053_| 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 Family Foundation R•giStervd numbgr: CE024257 Balance sheet at 31 December 2024 2024 2023 Fixed assets Investments 10 297W 284.054 Current as80ts Cash at bank and in hand 6818 6N18 t)eblors.' amounts falling due wthin one year 11 1,033 Creditors.. amounts falling due within one ye Net Current •uots 12 7A61 8.999 Total not a¥••t8 304,897 293, Charlty fvnds Restricted funds Unreslricled furKIs Totsl fund8 14 14 6,160 298,737 289,553 304,897 293,053 The Charity was entRl8d to exemptlon from aLKIit under section 477 of tho Companies Act 2008. The members have not required the company to oblain an audit for the period in questy'on in accordance with section 476 of Companies Act 2006. The Trustees acknots￿edge their resp)nsib1lrt￿ for complying wth the requirements of the Act with respect to accountsng records and preparation of hnanual statements. The financial stslements have teen prepared in accordance with the provisK)ns applicable to entities subj'ect to the small companw rogime. The financial statements V**re approved aryj authortsod for issue by the Tru8tees and signed on their behalf by.. Dr Anne Vlctori• Dav18 Chair of Trustees Brlan Dav1$ Trustee 3/3/2G2S- The note$ on pages 7 to 12 form part of these financial ststsments. Page 6 **The Helen Davis Family Foundation** **Notes to the financial statements for the year ended 31 December 2024** ## **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 2024** ## **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 2024** ## **3 Income from donations and legacies** |Donations
**4**
**Investment income**
Income from local listed investments
**5**
**Analysis of grants & donations**
Grants
Donations|**Unrestricted**
**Total**
_Total_
**funds**
**funds**
_funds_
**2024**
**2024**
_2023_
**£**
**£**
_£_
100
**100**
_-_
100
**100**
_-_
**Unrestricted**
**Total**
_Total_
**funds**
**funds**
_funds_
**2024**
**2024**
_2023_
**£**
**£**
_£_
9,461
**9,461**
_9,039_
**Restricted**
**Unrestricted**
**Total**
_Total_
**funds**
**funds**
**funds**
_funds_
**2024**
**2024**
**2024**
_2023_
**£**
**£**
**£**
_£_
_9,484_
_-_
**9,484**
_5,340_
_-_
_1,500_
**1,500**
_300_|**Unrestricted**
**Total**
_Total_
**funds**
**funds**
_funds_
**2024**
**2024**
_2023_
**£**
**£**
_£_
100
**100**
_-_| |---|---|---| |||100
**100**
_-_| |||**Unrestricted**
**Total**
_Total_
**funds**
**funds**
_funds_
**2024**
**2024**
_2023_
**£**
**£**
_£_
9,461
**9,461**
_9,039_| ||9,484
1,500
**10,984**
_5,640_|| - **6 Analysis of expenditure on charitable activities** ## **Summary by fund type** |Direct costs|**Restricted**
**Unrestricted**
**funds**
**funds**
**Total**
_Total_
**2024**
**2024**
**2024**
_2023_
**£**
**£**
**£**
_£_
9,484
6,220
**15,704**
_10,328_| |---|---| Page 9 **The Helen Davis Family Foundation Notes to the financial statements for the year ended 31 December 2024** ## **7 Analysis of expenditure by activities** ||**Funding of**|**Funding of**|**Support**|**Total**|_Total_| |---|---|---|---|---|---| ||**activities**||**costs**|**funds**|_funds_| |||**2024**|**2024**|**2024**|_2023_| |||**£**|**£**|**£**|_£_| ||Direct costs - Activities|10,984|4,720|**15,704**|_10,328_| ||**Analysis of support costs**||||| |||||**Total**|_Total_| ||||**Activities**|**funds**|_funds_| ||||**2024**|**2024**|_2023_| ||||**£**|**£**|_£_| ||Sundry expenditure||65|**65**|_34_| ||Bank Charges||60|**60**|_60_| ||Investment portfolio fees||4,595|**4,595**|_4,594_| ||Governance costs||-|**-**|_-_| ||||4,720|4,720|_4,688_| |**8**|**Independent examiner's remuneration**||||| |||||**2024**|_2023_| |||||**£**|_£_| ||Independent examination of the Charity's|annual accounts not|||| ||required for the year ended 31 December|2024 as gross income is|||| ||less than £25,000.|||**-**|_-_| ## **9 Trustees' remuneration and expenses** During the year ended 31 December 2024, no Trustees received any remuneration or other benefits. During the year ended 31 December 2024, no Trustee expenses have been incurred. Page 10 **The Helen Davis Family Foundation Notes to the financial statements for the year ended 31 December 2024** ## **10 Fixed asset investments** |**Cost or valuation**
At 31 December 2023
Additions
Disposals
Revaluations
At 31 December 2024
**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 expenditure|**Listed**
_Listed_
**investments**
_investments_
**2024**
_2023_
**£**
_£_
**284,054**
_272,950_
**-**
_-_
**(4,595)**
_(4,594)_
**17,987**
_15,698_| |---|---| ||**297,446**
_284,054_| ||**2024**
_2023_
**£**
_£_
**-**
_-_
**1,033**
_420_| ||**1,033**
_420_| ||**2024**
_2023_
**£**
_£_
**-**
_-_
**-**
_-_| ||**-**
_-_| ||**2024**
_2023_
**£**
_£_

**6,418**
_8,579_| Page 11 **The Helen Davis Family Foundation Notes to the financial statements for the year ended 31 December 2024** ## **14 Statement of funds** ## **Statement of funds - current year** |**Statement of funds**|**- current year**| |---|---| |**Unrestricted funds**
General Funds
**Restricted funds**
Restricted Funds
**Total of funds**|**Balance at**
_Balance at_
**31**
_31_
**Transfers**
**Gains/ December**
_December_
**Income**
**Expenditure**
**in/out**
**(Losses)**
**2024**
_2023_
**£**
**£**
**£**
**£**
**£**
_£_
**9,561**
**(6,220)**
**(12,144)**
**17,987**
**298,737**
_289,553_| ||**-**
**(9,484)**
**12,144**
**-**
**6,160**
_3,500_| ||| ||**9,561**
**(15,704)**
**-**
**17,987**
**304,897**
_293,053_| ## **15 Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |**Analysis of net assets between funds - current year**|| |---|---| |Fixed asset investments
Current assets
Debtors due within one year
Creditors due within one year
**Total**|**Unrestricted**
**Total**
_Total_
**funds**
**funds**
_funds_
**2024**
**2024**
_2023_
**£**
**£**
_£_
297,446
**297,446**
_284,054_
6,418
**6,418**
_8,579_
1,033
**1,033**
_420_
-
**-**
_-_| ||304,897
**304,897**
_293,053_| ## **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 2024. Page 12