REGISTERED CHARrrY NUMBER: 205896
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
FOR
THE DAVID ISAACS FUND
Berringers LLP
Chartered Accounlants and Registered Auditors
Lygon House
50 Li)ndon Road
Bromley
Kent
BR1 3RA

THE DAVID ISAACS FUND
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 30 SEPTEMBER 2023
Page
Reference and Admlnlstratlve Detalls
Report of the Trustees
Rgport of the Independent Audllors
ststomgnt of Flnanclal Actlvltle8
Balance She•t
Noteg to the Flnan¢ial Slat•rnents
10 10 13
D8tall8d Statomgnt of Financlal Actlvltle8
14

THE DAVID ISAACS FUND
REFERENCE AND ADMINISTRATIVE D￿AlLs
FOR THE YEAR ENDED 30 SEPTEMBER 2023
TRUSTEES
G P Branston {￿SIgned 611212023)
D Brennan
K Hammond
S Holdham
T Ikram
A Jacobs (resHJned 711212022)
V Lloyd {Vice President)
J Newton (resigned 611212023)
N Rimmer (resigned 711212022)
D Sandhu
A Sweet
N Tempia IPresidenl)
Dr Fwilcox
D Wright (resigned 6112120231
S Heponslall (Tesigned 611212023)
HRai
L Ciecio'ra
R W Johnson (resvjned 611212023)
M Jabbitt
T Gothey (resigned 711212022)
P Goldspring
A Pilling
D Benjamin
B Clarke
S Deonarin8 (resigned 6112120231
N Minhas
P Donegan
M Oliver
S Tumock (appointed 7112120221
N McLean (appointed 711W20221
S Kumar {appoinled 711212022)
L Corrin lappoinled 7112120221
J Law lappoinled 611212023)
M Bone {appointed 611212023)
L McDonagh (appointed 611212023)
C Jackson (appointed 6112120231
N Abdul-sayed {appoinled 6112120231
PRINCIPAL ADDRESS
Unit 8 Twislelon Court
Priory Hill
Dartford
Kent
DA12EN
REGISTERED CHARITY
NUMBER
205896
INDEPENDENT AUDITORS
Berringers LLP
Chartered Accountants and Registered Auditors
Lygon House
50 London Road
Bromley
Kent
BR13RA
Page 1

THE DAVID ISAACS FUND
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
BROKERS
Barcfays Weailh
1 Churchill Place
London
E14 5HP
BANKERS
CAF Bank Ltd
25 Klngs Hill Avenue
King5 Hill
Wesl Malling
Kent
ME19 4JQ
Pag8 2

THE DAVID ISAACS FUND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEP4lBER 2023
The Iruslees present their report wth the financial statements of the charity for the year ended
30 September 2023. The Iruslees have adopled the provisions of Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to ¢harities preparing their accounts in a¢cordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January
2019).
OBJECTIVES AND ACTivrriES
objectiv￿ and alms
The object of the charity is the relief of persons who are in need. hardship or distress who shall come to the
attenlion of a District Judge or Coroner presiding at a Grealer London or City of London Magistrates Court or
Coroners Court.
Publi¢ bonrf
The Iru$tees have had regard to Charity Commission guidance on public benefrt and consider thal the
objectives. aims and achievements of the charity des¢ribed in the report enable il lo meet its duty to the
Charity Commission as per section 17 of the Charitie$ A¢t 2011 and to the benefit of the public.
Granl making policy
Applications for grants are considered and approved by District Judges presiding in the Inner London area.
When approved. the applications are aulhorised by the Secretary and paid. for the benefit of the applkanl,
by the Treasurer. Grant applications in excess of £400 have lo be considered additionally by the President,
Vice P￿Sident and another trustee, who, f(K this purpose, are a duly etecled sub-committee, before payment
15 made.
ACHIEVEMENT AND PERFORMANCE
Ravi&w of actlvltles and achievements
During the year income from investments amounted to £99,656 {2022 £92,055)- This was applied firstly lo
meet administration expenses amounting lo £33,530 12022 £33,578) and then applied to grants lo
indNiduals amounting to £92,439 {2022 £73,897) paid to beneficiaries. Grants lotalling £4,325 (2022 £6,348)
were returned to the Fund as the money was no longer required. Grants paid to other charities tolalled
£25.00012022: £15,000).
The def￿1t of £46,998 (2022 deficit £23,906) has been added to the balances held in the Fund.
Investments held by the Fund have been induded at the market value at 30 September 2023. During the
year, investment disposals have realised 2 gain of £742 {2022 £1,360) over the market value at the
beginning of the year and the remaining investments held at 30 September 2023 have given rise to a net
surplus of £77,346 12022 defi¢it of £304,2441- The Trustees remain satisfied that the Fund has sufficient
assets to meet ils objectives, as laid dosffi in the Rules, for the foreseeable future.
Investment powers. policy and pèrforniance
The investment strategy is set i)ul by the Injstees. on the basis that the primary objectNe Is a ba18nced
portfolio subject lo a medium degree of rfsk and takes into account the expected demand for funds and the
requirement lo maintain an adequate balance be￿een capital growth and income. The trustees have chosen
not to adopt fomal ethir21 investment pollcles.
FINANCIAL REVIEW
Reser¥es
Th& Charity cannot expend the Pemianenl Endomnenl Fund, bul may apply the income from that fund to
meet adrninistralion costs and lo fulfil the objects of the charity. The Generd Fund is available in it5 entirety
to meet adminislr2tlon costs and the objects of the charity.
Going COn￿M
The trustees consider the charity a going concem and the accounts have been prepared on that basis.
FUTURE PLANS
The trustees will continue to consider grant applications for individuals brought lo the attention of District
Judges or Coroners presiding in the Greater London area. Where surplus funds are available, the trustees
will also consider applications from other charilies whose objectwes are similar lo those of ThÈ David lsaacs
Fund.
Page 3

THE DAVID ISAACS FUND
REPORT OF THE TRUSTEES
FOR THE YEAR ENOED 30 SEPTEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The David Isaacs Fund. a reglstered charity is consliluted under the will of David Isaacs and governed by a
scheme approved by the Charity comM6ss￿n on 19th November 2002.
Organl8atlonal structure
Under the scheme approved by the Charity Commission on 19th Novemb8r 2002, the trustee$ are Dislricl
Judges or Coroners presiding al Greater London or City of London Magistrates Court or Coroners Court that
have applied lo be members of the David Isaac5 Fund. Trustees are elected al th& Annual General Meeting
by the members and serve in office for one year.
Rlsk managemont
The trustees have examined the malor strategic business and operational risks that the charity faces and
confirm that system5 have been established lo enable regular reports lo be produced so that the n￿5$ary
steps can be tak8n to lessen these rlsks.
STATEMENT OF TRUSTEES, RESPONSIBILrriES
The Iruslees are responsible for preparing the Report of the Tnjstees and the financial slatemenl$ in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law appllcabl8 to charities in England and Wales, the Charities Act 2011, Charity {Accounlg and
Reports) Regulations 2008 and the provisions of the trust deed requires the trustees lo prepare financial
statements for each financial year which give a true and fair view of the stste of affairs of the charity and of
the incomlng resources and application of resources, including the income and expenditure, of the charity for
that period. In preparing those financial 8tstements, the trustees are required lo
select suitable accounting policies and then apply them consislenlly..
observe the methods and principles in the Charity SORP,.
make judgements and estimates that are reasonable and prudent..
prepare the financial statements on the going cortern basis unless it is inappropriate to presume that the
charity will continue in business.
Thfj Iruslees are responsible for keeping proper accounllng re¢ords ￿lch disclose wllh reasonable accuracy
at any time the financial position of the charity and lo enable them to ensure that the financial slalemenls
¢omply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions
of th8 trust deed. They are also resF)onsible for safeguardlng the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ...... ....
- and signed on its behalf by-.
N Templa- Trustee
Page 4

REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF
THE DAVID ISAACS FUND
Oplnlon
We have audited the financial statements of The David Isaacs Fund (the 'chariVI for the year ended
30 September 2023 which comprise the Statement of Financial Activities, the Balan¢e Sheet and notes lo
the financial statements, including a summary of significant accounting policies. financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Slandards (United Kingdom Generally kcepled A￿untIng Practice).
In our oplnion the financial statements..
give a true and fair view of the state of the tharitls affairs as at 30 September 2023 and of its in¢oming
resources and application of resources, for the year then ended.,
have been property prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Ba$ls for oplnlon
W8 conducted our audit in accordance with International Standards on Auditing IUKI (ISAS (UKII and
applicable law. Our responsibilities under those slandards are further descTibed in the Audilors,
responsibllities for the audit of the financial slalements section of our report. We are independent of the
charity in accordance wllh the ethical requirements that are relevant to our audit of the financial statements
in the UK. includlng the FRC'S Ethi￿1 Standard, and we have fU￿illed our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is suFficienl and
appropriate to provlde a basis for our opinion.
Concluslons relatln9 to golng concern
In auditing the financial statements, we have concluded that the trustees. use of the going Concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identrfied any material uncertainties relating to events or
conditions thal. indwidually or collectively, may ca$t signrficanl doubt on the charivs ability to continue as a
going ￿ncern for a pertod of at least twelv8 months from when Ihe financial statements are authorised for
issue.
Ouf responsibililies and the responsibilities of the INstees with respect to going con￿rn are described in the
relevant sections of this report.
Other informatlon
The trustees are responsible for the other infom)alion. The other infomiation comprises the Informatlon
induded in the Annual Report, other Ihan the financial slalements and our Report of the Independent
Auditors thereon.
Our opinion on the financial statements does not cover the other inforniation and. except lo the extent
otherwise eXpl￿1￿Y slated in our report, we do not express any form of assurance C£*nclusion Ihereon.
In connection with our audit of the financial stalemenls, our responsibility is to read the other information
and. in doing so, consider whether the other information is materially inconsistent wilh the financial
statements or our kn￿edge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements. we are required to determine
whether this gives rise to a material misstatement in the financial statements themselves. If. based on the
w)rk we have perfornied, we conclude that there is a material misstatement of thls other infomiation, we are
required to report that fact. We have nothing to report in this regard.
Matters on whieh w• ar• requlred to report by gxcèptlon
We have nothing to report in respect of the following matters where the Charities (Accounts and Rep(wt5>
Regulation$ 2008 requires us lo report lo you if, in our opinb)n'.
the infomiation given in the Report of the Trustees is inconsistent In any material respect with the financial
stalemenls,. or
sufficient accounting records have not been kept,. or
the financial ststemenls are not in agreement with the accounting records and retums,. or
we have not received all the information and explanations we require for our audit.
Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE DAVIDISAACS FUND
Responslbllltl88 of trusteos
As explained more fully in the Stslement of Trustees, Responsibilities, the trustees are responslble for the
preparation of the finan¢ial $tatemenls which give a true and fair view, and for such Intemal control as the
trustees delem)ine is necessary lo enable the preparation of financial slalements that are free frimm material
missta18menl, whether due lo fraud or error.
In preparing the finan¢ial statements, the trustees are responsible for assessing the ¢haritYs ability lo
continue as a going concern, disdosing, as applicable, matters related lo going concern and using the going
concern basis of accounting unless the trustees eith￿ intend lo liquidate the charity or lo Cease operations,
or have no realistic allemalive bul to do $0.
Auditors. responslblliti•s for th• audit of the financial statements
We have been appointed as auditors under Section 145 of the Charities Act 2011 and report in aGwrdan¢e
with the Act and relevant regulatson$ made or haviThJ effect Ihereunder.
Our objectives are lo obtain reasonable assurance about whethei the financial ststements as a whole are
free from material misstatement. vthelher due to fraud or error, and lo issue a Report of the Independent
Auditors that includes OLtr opinion. Reasonable assuran￿ is a high level of assurance, bul is not a
guarantee that an audit conducted in accordan¢e with ISAS (UK) will always detect a material misstatement
when it exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in
the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
The extent lo which our procedures are capable of detecting irregularits'es, including fraud is detailed below=
In idenlfying and assesslng rfsks of materlal misstalement in respect of irregulartties. including fraud and
e￿Or, we considered the following:
- the nature of the industry, control environment and business performance..
- results of our enquiries to management about their own assessment of the risks of fraud and error..
- the matters discussed among the audit engagement team regarding how and where fraud may occur in the
finanGial stslemenls and any potential indicators of fraud.
Our procedures lo respond to risk indude the fcAlowing.'
reviewng the financial statement disclosures and lesling to supporting do¢umentalion,'
perfoming analytical procedures lo identify any unusual or unexpected areas that may indicate risks of
material misstatement due to fraud or error.,
addressing th& risk of fraud and error through management override of conlrols, testing the
appropriateness of journals. assessing ￿ether the judgements made in making accounting estimates are
indicative of a potential bias,. and evaluating the business rationale of any significant transactions that are
unusual or outside Ihe normal course of business.
A further description of our responsibilities for the audit of the financial statements is Ioc21ed on the Financial
Reporting Council's website al www.frc.org.ukJaudilorsresponsibililies. This description forms part of our
Report of the Indep8ndenl Auditors.
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
ThE DAVID ISAACS FUND
Use of our r•port
This report is made solely to the charitys trustees. as a body. in accordance with Part 4 of the Charities
{Accounts and Reports) Regulatlons 2008. Our audit work has been undertaken so that we might state to the
charity's trustees those matters we are required to stsle lo them in an auditors, report and for no other
purpose. To the fulle51 extent permitted by law. we do not accept or assume responsibilrty lo anyone other
than the charity and the charivs trustees a5 a body. for our audit work. for this feport, or for the opinions we
have formed.
erringers LLP
Charte￿d Accountants and Regislered Auditors
Lygon House
50 London Road
Bromley
Kent
BR1 3RA
Date..
Page 7

THE DAVID ISAACS FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEFfEMBER 2023
3019123
Total
nds
3019122
Totsl
fvnds
unre$trf¢￿ Endowment
fund
fvnd
Notes
INCOME AND ENDOWMENTS FROM
Investment income
99,656
92,055
EXPENDrruRE ON
Raising funds
9.358
9,358
9,726
Charitable actlvltles
Grants payable
113,114
113,114
82,369
Other
24,172
24,172
23,866
Total resourc￿ éxponded
146.644
146,644
115,961
Net incomingloutgolng resources
Before other recognlsed galns and loss•s
146,988)
(46,988)
(23.906)
Realised
Unrealised
156
16,125
742
76.604
1,360
{305,6041
60,479
Net movement In funds
(30,7071
61.065
30,358
(328,1501
Total funds brought forward
680.359
2,432,880
3,113.239
3.441,389
TOTAL FUNDS CARRIED FORWARD
649,652
2,493,945
3 143,597
3,113,239
The not8s fom7 part ofth8se finanaal statsm6nts
Page 8

THE DAVID ISAACS FU14D
BALANCE SHEEr
30 SEPTEMBER 2023
3019123
Total
ffijnds
3019122
Total
fvnds
unrest1K￿ Endowmgnt
fvryj
fvnd
Notes
FIXED ASs￿s
Investments
655,144
2,457,767
3,112,911
3.043.698
CURRENT ASSETS
Cash at bank
10.453
36,21 S
89,477
CREDITORS
Amounts falling due within one year
{15.982)
115,982)
119.936)
NET CURRENT ASSETS
5,5291
36,215
30,686
69.541
TOTAL ASSEfs LESS CURRENT
LIABILITIES
649,615
2,493,982
3,143,597
3,113,239
NEf ASSErs
649,615
2.493.982
3.143,597
3,113,239
FUNDS
Unrestricted funds
Endowment fund$
649.615
2,493.982
680,359
2,432,880
TOTAL FUNDS
3.143.597
3,113,239
The financial stslements were approved by the Board of Trustees and aulhorised for issue on
nd were signed on its behalf by.
N Templa- Tnjslee
V Lloyd- Trus
E Ciuda- Treasurer
The notes fonn part ofthos& ffinanoal statements
PwJ8 9

THE DAVID ISAACS FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit enlily under FRS 102, have been
pr6pared in accordance with the Charities SORP IFRS 102} 'Accounling 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 20191,, Financial Reporting Standard 102 The Financial Reporting Standard
applicable In the UK and Republi¢ of Ireland, and the Charities Act 2011. The financial statements
have been prepared under the historical Cost convention, with the exception of inveslmenls which are
included at market value, as modrf*d by the revaluation of certain assets.
INCOMING RESOURCES
Grants. induding grants for the purchase of fixed assets, are recognised in full in the Statement of
Financial Activities in the year in which they are receivable.
Income from investments is included in the year in which is recewable, wholly In the general fund.
RESOURCES EXPENDED
Charitable activities consist of grants payable and are accrued when authorised.
Expenditure is included on an ac¢rua15 basis.
Costs of generating funds comprise those costs directly attributable to managing the Investment
portfolio and raising investment income aThJ they are split on the same basis as the historic value of
the investmenls.
Support costs include those Incurred in the governanc8 of the Charity and its assets and all ￿late lo
the charitable activities.
Grants offered subject to conditions whlch have not been mel at the year end date 8re noted as a
commitment but not accrued as expendllure.
TAXATION
The charity is exempl from tax on its charitable a¢tivitle$.
FUNDS
Unrestricted funds comprise those furKls that the Trustees are flee lo use in accordance ￿th the
haritsble objects. The Permanent Endowment fund repre5enls Ihose assets that musl be held
pem)anenlly by the charity, principally investments. Income arising on the Permanent Endowment
fund can be used in accordance with the objects of the chartiy os unrestricted. Any capital gains or
losses arising on the investments form part of the specffjic fund. Investment management charges and
leg81 advti relating to the fund are charged against the specFfic fund at the agreed ratio.
INVESTMENTS
Fixe(l asset investments are stated al mid market value al the balance sheet dale. All the inveslments
are UK listed.
INVESTMENT INCOME
3019123
3019122
Other fLxed asset invest- Fll
Deposit account interest
98,837
819
91,914
141
99.656
92,055
Pag8 10
continued...

THE DAVID ISAACS FUND
NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnuod
FOR THE YEAR ENDED 30 SEPTEMBER 2023
GRANTS PAYABLE
3019123
3019122
Grants payable
113,114
82,369
Charities
Clothing
Fumilure
Other household equipment
TTr)Is
Tuition
other grants
25,000
9.672
15,512
9,754
10.145
47.050
306
117.439
15,000
11,274
22,638
11,278
2,838
24,630
88,897
Deduct gran15 returned
113.114
82,369
Grants payable to Ch￿itiO$
Changing Tun8S
Bede Hous8 Association
Prison Advice and Care Trusl
The Roundhouse
The Penelope Project
Prisoners Advice ServKe
4.000
5.000
6.000
5,000
7,500
5,000
2,500
25 000
Grants payable lo individuals
92.439
73,897
OTHER RESOURCES EXPENDED
Cost of
Generating
Funds
Charitabl¢
tivitlos
Support
Costs
2023
Investment managemenl
Grants payable
Secretarial ¢o$ts
Insurance
Accountancy fees
Audit fees
Interest and charges
9.358
9,358
117,439
10,618
450
7200
5690
214
150,969
117,439
10.618
450
7.200
5.690
214
24,172
9.358
117.439
Deduct grants retumed
113114
Cost of
Goneratlng
Funds
Charltable
Actlvltles
Support
Costs
2022
Investment management
Grants payable
Secretarial costs
Insurance
Accountancy fees
Audit fees
Interest and charges
9,726
9.726
88.897
10.697
450
7.200
5.320
88,897
10.697
450
7,200
5.320
9.726
88.897
23,866
122,489
Deduct grants returned
PwJg 11
conlbnued...

THE DAVID ISAACS FUND
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
STAFF COSTS
The average number of part lime members of staff was one 12022 - one part time member of staff)
who was employed almost entirely on dealing ￿th grant appli¢alions.
Wages and salaries linduding expenses) £10,618 {2022 £10,697>
Trustees received no remuneration {2022 £NIL) and were not reimbursed for any of their 8xpense5 in
the year12022 £NILI.
No employee received emoluments of over £60.000 during the year12022 NIL).
There were no Key Management employees during the year (2022 NIL).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
UnrestriLtsd
lund
Endo¥wnent
fvnd
Total
funds
INCOME AND ENOOWMENTS FROM
Investment income
92.055
92,055
EXPEND￿uRE ON
Raising funds
9.726
9.726
Charitable activities
Grants payable
82,369
82,369
Olher
23.866
23,866
Total
115,961
115,961
Nel gainslllossesl on investments
64,043)
240,201
304,244)
NEf INCOMEI(EXPENDITURE)
{87,9491
1240.2011
{328.150)
RECONCILIATION OF FUNDS
Total funds brought forward
768,308
2,673,081
3,441.389
TOTAL FUNDS CARRIED FORWARD
680,359
2 432 880
3113239
Page 12
conlinued...

THE DAVID ISAACS FUND
NOTES TO THE FINANCIAL STATEMENTS- continuod
FOR THE YEAR ENDED 30 SEPTEMBER 2023
FIXED ASSET INVESTMENTS
Pemianenl
Endowment Fund
General
Fund
Listed
Inv8slments
MARKEf VALUE
At 1 October 2022
Additions
Disposals al markel value
Realised gain on disposal
2,403,123
640,575
3,043,698
16,421)
11,712)
156
18,133>
742
Unrealised gainllloss) on revaluation
76,604
AI 30 September 2023
3,112911
There were no investment assets outside the UK.
Investments which Gonstiluted more than 5% of the total inveslment holding, are as follows:
Bardays Charity R Distribution
£3,112.911
1000
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3019123
3019122
Bank loans and overdrafts (see note 111
Other credilors
7.612
8,095
11,841
19,936
LOANS
An analysis of the malurty of loans is given below..
3019123
3019122
Amounts falling due within one year on demaThJ'.
Bank overdrafts
7,612
8,095
10. RELATED PAR￿ DISCLOSURES
There were no related party transactions for the year ended 30 September 2023.
Pag¢ 13