Registered number: 12515601
Charity number: 1193055
THE ELSIE DAVIS TRUST
(A charitsble company limited by guarantee)
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Armstrongwatson.
Accountants, Business & Financial Advisers

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
CONTENTS
Page
Reference and administrativo dotsils of the charity. its trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial activities
Income and expenditurg account
Balance sheet
Notes to the financial statements
9-18

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
G V Penn, Chair
C J Richardson
D l Richardson
M W Clark
Company registered
number
12515601
Charity registered
number
1193055
Registered office
Time Central
32 Gallowgate
Newcastle upon Tyne
NE14BF
Secretary
Muckle Secretary Limited
Independent examiner
Armstrong Watson LLP
Chartered Accounlanls
One Strawberry Lane
Newcastle upon Tyne
NE14BX
Bankers
Natwesl Bank PIC
Newcastle City
16 Northumbedand Street
Newcastle upon Tyne
NE1 7EL
Solicitors
Muckle LLP
Time Central
32 Gallowgate
Newcastle upon Tyne
NE14BF
Investment advisers
R8thbones Incorporating Inveslec Wealth & Investment IUKI
The Colmore Building
Colmore Circus
Birmingham
B4 6AT
Page 1

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Iruslees present their annual report together with the unaudited financial ststements of the charity for the
year ended 31 December 2023.
Comparative figures relate to the period from 1 April 2022 to 31 December 2022 as the reporting dale was
shortened from 31 March 2023 to 31 De￿rnber 2022 and therefore are not fully comparable.
Referen￿ and adminislralive detsils sel out on page 1 form part of this report. The financial statements comply
with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their financial stslemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland Charities SORP FRS 102 and the Financial Reporting Stsndard applicable In the UK and Republic
of Ireland IFRS 1021.
ObjgCtIVgs and activities
Obje¢tiV9S
The objects of The Elsie Davis Trust are for the benefit of the public generally, in the United Kingdom and in
particular but not reslricled to the counties of Northumberland, Tyne and Wear, Durham, Tees Valley and
Cumbria and Ils surrounding areas to further charitable purposes as the trustees from lime lo time decide in
accordance with the laws of England and Wales by making grants lo other charities.
In planning and carrying out the charity's activities for the year, the trustees have considered the guidance
produced by the Charity Commission on public benefit and are confident that this will be achieved through the
grants made.
b. Grant making policy
The charity may make grants to support charities or charitable projects within the following themes or areas..
amateur sport.,
education and training.,
promotion of health and relief from sickness or disability., or
• in eX￿ptIOnal circumstances any other charitable purposes.
Grants are usually made lo organisations, rather than individuals, whose activities fall within and are consistent
with the charity's own objects. In the case of training awards or scholarships, for example, grants can only be
made to individuals provided that their applications are supported by educational inslitulions.
Achievements and performance
a. Achievements
Grants of £137,615 were paid during the year12022. £78,000). Further details can be found in Note 5.
Page 2

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Flnanclal revlew
a. Golng concem
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt
the going concern basis in preparing the financial stslemenls. Further details regarding the adoption of the going
cOn￿M basis can be found in the accounting policies.
b. Reserves pollcy
It is the policy of the charity lo maintain unreslricled funds not invested in fixed assets (the free reseNesl at an
appropriate level to cover any gap that may arise be￿een investment income and grants payable and other
expenditure. The target level of reserves has been set at £100,000.
The free reserves al 31 December 2023 were £111,267 12022.. £105,658). The trustees consider this to be
appropriate al the current lime. The policy and reserves position will continue to be reviewed each financial year
c. Flnanclal revlew
The principal sources of unrestricted income comprised dividends and interest receivable amounting lo £150,494
12022.. £145,357). Against this was expenditure of £144,886 12022.. £84,403), resulting in net income of £5,608
12022.. £60,954).
d. Investments pollcy
The memorandum and articles of association permit the charity to invest the monies of the charity not
immediately required for its purposes in such investments, securities or propety as may be thought fit and to
delegate the management of the investments lo a financial expert.
The primary objective of the portfolio is lo produce a certain level of income and for the capitsl value to be
preserved in real terms.
At 31 December 2023, the value of the charity's investment portfolio stood at £6,572,44012022'. £6,237,226).
Structure, governance and management
a. Constltutlon
The charity is a company limited by guarantee, incorporated on 12 March 2020 and registered as a charity on
11 January 2021. 11 is govemed by ils memorandum and articles of association.
b. Methods of appolntment of trustees
The trustees may appoint, and the Iruslees may co-opt, any person either to fill a vacancy or as an additional
Iruslee, bul a c&opted trustee holds office only until the next AGM. Al each AGM, one third of the trustees retire
by rotation. The trustees appoint one of their number lo be the chair of their meetings.
The Iruslees for the purpose of charity law, who are also directors for the purpose of company law, who served
during the year and up lo the date of this report are sel out on page 1.
Page 3

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, governance and management Icontlnuedl
c. Organlsatlon
The charity is managed by the trustees, who will meet quarterly. The number of trustees may not be less than
three, but is not subject to any maximum. The quorum for the transaction of business is one tenth of the trustees
or trustees, whichever is greater.
d. Inductlon and tralnlng of trustees
New Iruslees are briefed on the powers and responsibilities of the trustees, the grant making process,
investments and the recent financial performance of the charity.
e. Rlsk management
The trustees have carried out a risk assessment to identify the major governan￿, financial, operational and
compliance risks which the charity faces and this will be reviewed each year. Detsiled procedures will be
estsblished to enable the Iruslees to monitor and miligale those risks.
Plans for future perlods
Grant applications will be considered with reference to the charity's available income.
ststement of trustees. responslbllltles
The trustees (who are also the directors of the charity for the purposes of company lawl are responsible for
preparing the Iruslees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice).
Company law requires the Iruslees to prepare financial stslemenls for each financial year. Under company law,
the trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view
of the stale of affairs of the charity and of its incoming resources and application of resources, including ils
income and expenditure, for that period. In preparing these financial stalemenls, the Iruslees are required to..
select suitable accounting policies and then apply them consistently",
observe the methods and principles of the Charities SORP IFRS 1021",
make judgments and accounting estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The Iruslees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity and
enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by order of the members of the board of trustees and signed on their behalf by..
GVPenn
Ichair of Trustees)
Dale.. 19 September 2024
Page 4

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent oxamingr's report to tho trustges of Tho Elsie Davis Trust I'tho charity'l
I report lo the charity trustees on my examination of the accounts of the charity for the year ended 31 DeTrmber
2023.
Responsibilitigs and basis of report
As the trustees of the charity land Ils directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordan￿ with the requirements of the Companies Act 20061.the 2006 Act'i.
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report In respect of my examination of the charity's accounts
carried out under section 145 of the Charities Act 2011 1.the 2011 Acfl. In carrying out my examination I have
followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act.
Independent oxamingr's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examinabon giving me cause to believe..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or
the accounts do not accord with those records,. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and faiv view which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in aceordanee with the methods and prineiples of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their
account5 in accordance with the Financi81 Reporting Stand8rd applieable in the UK and Republic of
Ireland IFRS 10211.
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 understsnding of the accounts to be reached.
Signed..
Dated.. 19 September 2024
D R Gold BA FCA
Independent Examiner
Armstrong Walson LLP
First Floor
One Strawberry Lane
Newcastle upon Tyne
NE14BX
Page 5

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Total
Unrestricted
Endowment
Total
funds
funds
funds
funds
9 months
Year ended
Year ended
Year ended
ended
31 December 31 December 31 December 31 December
2023
2023
2023
2022
Note
Income from:
Investments
150,494
150,494
145,357
Total income
150,494
150,494
145,35T
Expenditure on:
Raising funds
Charitable activitie$
2,972
141,914
26,746
29,718
141,914
21,981
82,205
Total expenditure
144,886
26,746
171,632
104, 186
Nel gainslllossesl on investments
364,714
364,714
(472,650)
Net movement in funds
5,608
337,968
343,576
(371,479)
Reconciliation of funds..
Totsl funds brought forward
Nel movement in funds
105,658
5,608
6,233,612
337,968
6,339,270
343,576
6,710,749
(371,479)
Total funds carried forward
111,266
6.571,580
6.682,846
6,339,270
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages g to 18 form part of these financial statements.
Page 6

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Total funds
Total funds
g n7onths
Year ended
ended
31 December 31 December
2023
2022
Gross income in the reporting period
Less.. Total expenditure
150,494
{144.8861
145,357
(84,403)
Net income for the reporting period
5,608
60,954
All income and expenditure derives from continuing aclivilies.
Total income of £150,494 comprises unrestricted income only. A detsiled analysis of income by source is
provided in the statement of financial activities and note 3.
Detailed analysis of expenditure is provided in the statement of financial activities and notes 4 to 6.
The summary income and expenditure account is derived from the statement of financial activities and excludes
all income and expenditure on the endowment fund. The statement of financial activities, together with the notes
provides full infomialion on the movements during the year on all funds of the charity.
Page 7

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
REGISTEREO NUMBER: 12515601
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
Fixed assets
Investments
6,572,440
6,237,226
6.572.440
6,237,226
Current assets
Debtors
Cash al bank and in hand
10
34,659
86.536
35,587
79,231
121.195
114,818
Creditors." amounts falling due within one
year
11
(10,789)
{12, 774)
Net current assets
110,406
102.044
Total net assets
6.682,846
6,339,270
Charity funds
Endowment funds
Unrestricted funds
12
12
6,571,580
111,266
6,233,612
105,658
Total funds
6,682,846
6.339,270
The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company lo obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Iruslees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financial slalemenls have been prepared in accordance with the provisions applicable to enlilies subject lo
the small companies regime.
The financial statements were approved and authorised for issue by the Iruslees and signed on their behalf by..
GVPenn
Ichair of Trusleesl
Dale.. 19 September 2024
The notes on pages 9 10 18 form part of these financial slatemenls.
Page 8

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Ggnoral information
The charity is a company limited by guarantee and has no share capitsl. 11 Is registered in England and
Wales.
The address of the registered office is Time Central, 32 Gallowgale, Newcasue upon Tyne, Tyne and
Wear, NE1 4BF.
The liability of each member in the event of winding up Is limited lo £10.
Accounting policios
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo charities
preparing their accounts in aceordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
The Elsie Davis Trust meets the definib'on of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the
relevant accounting policy.
The financial statements are p￿pared in sterling which is the functional and presentational currency
of the ch8rity.
2.2 Going concern
The charity has reviewed ils eash flow forecasts and there is a reasonable expectation that it has
adequate resources to continue in opeffttional existence for at least the next twelve months and on
this basis the charity is considered lo be a going coneern.
2.3 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.
Investment income such as dividends and interest from endowment fund investments are
unrestricted and included when ￿te1Vable.
Page 9

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policios Icontinuedl
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. All expenditure is accounted for on an
accruals basis, inclusive of Irrecoverable VAT.
Expenditure on raising funds comprises those costs relating to finanryng, managing and maintaining
the investments.
Expenditure on charitable activities comprises all costs of activities In furtherance of the obiecls of the
charity and related support costs.
Grants payable are recorded once the charity has made an unconditional commitment lo pay the
grant which is communicated to the beneficiary or the grant has been paid, whichever is the earlier.
Grants offered subject lo conditions which have not been met at the balance sheet dale are noted as
a commitment, bul not provided as expenditure.
2.5 Invgstments
Fixed asset investments are a fomi of financial Instrument and are Inilialty recognised al their
transaction cost and subsequendy measured at fair value al the balance sheet date using the mid-
market price. Investment gains and losses, whether realised or unrealised, are combined and
presented as 'GainsllLossesl on investments, in the statement of financial aclivilies.
2.6 Cash at bank and in hand
Cash at bank consists of a current accounL
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet dale 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 selllement can be estimated reliably.
Creditors and provision5 are normally recognised at their settlement amount.
2.8 Financial instruments
With the exception of investments described above, 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.
2.9 Fund accounting
The unrestricted Income fund Is credited with the investment Income arising from the charity's
investments and Is charged with grants made by the charity and support costs. Any surplus on the
income fund is carried forward and available for future grants.
The endowment fund represents gifts of shares made by Mrs G V Penn. Although the endowment
fund is expendable at the trustees, discretion, a grant made out of capital would normally involve the
sale of Investments and would only be made in exceptional circumstances.
Page 10

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Investmgnt income
Total
funds
9 months
ended
31
December
2022
Unrestricted
Total
funds
funds
Yoar ended Year endod
31
31
Decomber
Decembor
2023
2023
Dividends and interest re￿1vable
150,494
150.494
145,35T
Raising funds
Total
funds
9 months
ended
31
December
2022
Unrestricted Endowment
Total
funds
funds
funds
Year ended Year ended Year ended
31
31
31
December
December
December
2023
2023
2023
Investment management fees
2,972
26,746
29.718
21,981
Page11

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Grants
9 morpths
Year ended
ended
3111212023 31/1￿0?2
Grants to institutions
Acoms INorth Tynesidel
Alex Leukodyslrophy Charity
Birkheads Wild CIO
Byker Real Project
Crackerjacks Children's Trust
Cramlinglon Voluntary Youth Project Ltd
Cruse Bereavement Support
Daft as a Brush Cancer Patient Care Charitable Trust
Eyes Open
Friends of LV50
Hawthorn Primary School
Hebburn Helps Foodbank
Learning Library
Leo's
Love, Amelia
Microphthalmia, Anophlhalmia & Colobom8 SupFX)rt
Morpelh Group Riding for the Disabled
Newcastle University- Alzheimers Research
Newcastle Wesl End Foodbank
5,000
5.000
7,000
10,000
1.600
10,000
1,000
5,000
5.220
1.500
10,000
2,000
5,000
9.500
5,000
3,000
5,000
5,000
5.000
4,000
1,000
10.000
3.000
5,500
2,000
15.000
11.000
Northumberland County of Sanctuary
Rainbow Trust Children's Charity
Read for Good
2,000
Soundaboul
Spinal Injuries
Sports Driving Unlimited
st Oswald's Hospi
Stepney Bank Stsbles Ltd
Street Pastors
Talking Marras
The Greggs Foundation Breakfast Club IHolspur Primary School)
The People's Kitchen Limited
The Road lo Recovery Trust
The Species Recovery Trust
The Stephen Carey Fund
Wansbeck Valley Food Bank
Young Enletprise
15,000
11,000
5,000
5,000
2.000
3.500
4,000
5,000
2.000
1.795
2,000
5,000
137.615
78,000
Page 12

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure by activities
Grant
funding of
Support
Total
activities
costs
funds
Year ended Year ended Year ended
31
31
31
December
December
December
2023
2023
2023
Total
funds
9 months
ended
31
December
2022
Charitable activities
137,615
4,299
141.914
82,205
Total 2022
78,(X]O
4,205
82,205
Analysls of support costs
Total
funds
g months
ended
31
December
2022
Total
funds
Year ended
31
December
2023
Accountancy fees
Independent examination fees
Legal fees
Travelling expenses
2,490
462
967
492
967
200
286
4.299
4,205
The costs of £4,29912023.' £4,205) represent the governance costs of the charity.
Page 13

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent oxaminer's remuneration
9 morpths
ended
31
December
2022
Year ended
31
Decembor
2023
Fees payable in respect of..
Independent examination
Accountancy services
492
462
2,490
Page 14

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustegs. remuneration and expensos
During the year, no Iruslees re￿iVed any remuneration or other benefits (2022- £NIL).
During the year ended 31 December 2023, no Iruslee expenses have been incurred (2022- £NIL).
The charity considers ils key management personnel to be the trustees.
Fixed asset investmgnts
Cash held
Listed
Investments Investment
Total
Cost or valuation
At 1 January 2023
Additions
6,164,171
633,812
1616,508}
346.340
73.055
6,237,226
636,332
1,270,144
{664.7621 11,281.2701
346.340
Disposals
Revaluations
At 31 December 2023
6,527,815
44.625
6,572,440
All investments are carried al their fair value. Investments in equib'es and fixed interest securities are all
traded in quoted public markets. The basis of fair value for investments is equivalent lo the market value
using the mid-market price.
10. Debtors
2023
2022
Dividends and interest receivable
34,659
35,587
34.659
35,58T
11. Credltors: Amounts falllng due wlthln one year
2023
2022
Trade creditors
2,382
10,392
Accruals and deferred income
10,789
10,789
72,774
Page 15

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12.
ststement of funds
ststomont offunds - curront year
Balance at
31
Decomber
2023
Balance at 1
January
2023
Gainsl
(Losses)
Income Expenditure
Unrestrlcted funds
General Funds
105.658
150.494
{144.8861
111.266
Endowment funds
Endowment Fund
6,233,612
26,7461
364,714
6,571,580
Totsl offunds
6.339.270
150.494
{171.6321
364.714
6.682,846
Statement of funds - prlor year
Balan￿ at
31
December
2022
Balance at
l April 2022
Gainsl
(Losses)
Incom8 Expenditure
Unrestricted funds
General Funds
44, 704
145,357
(84,403)
105,658
Endowment funds
Endowment Fund
6,666,045
(79, 783)
f412,650J
6,233,612
Totsl offunds
6,710,749
145,357
(104, 186)
(412,650J
6,339,270
Page 16

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13.
Analysis of net assets botwgen funds
Analysis of net assets between funds - current year
Unrestricted Endowment
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Cash held for investment
Current assets
Creditors due within one year
16,0321 6,533,847
44,625
6,527,815
44,625
121,195
10,7891
121,195
13,8971
16,8921
Total
111,266
6,571,580
6.682,846
Anatysis of net assets between funds - prior year
Unrestricted Endowment
funds
funds
2022
2022
Tot81
funds
2022
Fixed asset investments
(3,082)
6, 167,253
73,055
6, 164, 171
73,055
174,818
(12, 774)
Cash held for investment
Current assets
174,818
(6,078)
Creditors due within one year
(6,696)
Total
105.658
6.233.612
6.339.270
14.
Grant commitments
2023
2022
Commitments payable in 1 year
Commitments payable in over 1 year
4.500
1,500
1,500
4,500
3,000
In addition, at the year end the charity had annual grant commitments of £10,000.
These grant commitments are not provided as liabilities in the financial statements. The amounts
represent future amounts of grants offered al the balanTr sheet dale, which are subject to ongoing
reviews and are payable out of future income.
Page 17

THE ELSIE DAVIS TRUST
IA charltsble company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15.
Related party transactions
The charity has not entered into any related party transaction during the year, nor are there any
outstanding balances owing belween related parties and the charity at 31 December 2023.
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