Charity regi¥tratlon numbor 209925
EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
CONTENTS
Page
Trustees, report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes lo the finan￿al statements
7-13

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
LEGAL AND ADMINISTRATIVE INFORMATION
Truste
Mrs M R Kalaher
Mrs PA Metters
Miss J A Baker
Ms J T ￿kef0rd
(Appointed 1 July 20211
Charity number
209925
Principal addre$8
Chery House
Kilhursl Lane
Storrington
RH204LP
Independent examiner
Wesl & Berry Limrted
M¢xatta House
Trafalgar Pl
Brighton
8N14DU

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The Iruslees present their annual report and financial stslements for the year ended 31 December 2021.
The Ev8 Clare Davidson's Chartty which is also known as The Davidson Bequest was estsblished in 1946 under
the will of the late Mrs Eva Claire Davidson and a subsequent Deed of Assent. A further substantial legacy was
received under the will of the late Dr Daisy M Smith in 1983.
The financial slalements have been prepared in accordance with the accounting policies set out in note 1 to the
financial slalements and comply with the charty's governing document. the Charities Act 2011 and "Accounling
and Reporting by Charities.. Slalement of Recommended Practice applicable lo tharilies preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021" {effeth"ve 1 January 20191.
Objectiv•s and activiti08
The charity's objects are the provision of low cost housing for gentlewomen in reduced circumstsnces,. The
charity owns properties located in SIoTrington. Wesl Sussex that provide ten selkontained flats. There have
been no change in the objects or policies of the charity in the year ended 31 December 2021. The Charity has no
related or Go-operatsng organisations.
The trustees have paid due regard lo guidance ISSU￿ by the Charity Commission in deciding what activits'es the
charity should undertake.
Achiovements and perforniance
The Iruslees consider the perfomiance of the chartty to have been satisfactory. The maintenance and
improvement of the properties and environment provided lo beneficiaries rem8in a priority and improvements
continue to be made.
Financial review
The results for the year are set out in the Statement of Financial Activitses. The charity's main source of income
continues to be derived from rental income and the eost of repairs and maintenance of the properties is the
charity's principal expense. The charity realised a surplus before any investment gains of £17,80212020'. deficit
of £8,738) in the year,. there was a profit on disposal of investrnents of £13,10812020'. £11.345} and unrealised
invesknent gains of £34.981 12020.. £24.8021. The totsl net movement in funds in the year was £65,891 12020..
£27.4091 and unrestricted funds stood al £693.367 al the year end12020-. £627.476}.
R8B•No8 polley
Reserves are held for the future Maintenan￿ and eventual exIens￿n of the propety'es. The reserves are not yet
considered adequate to embark uwn such an exienwon.
Investment policy
The charity's funds are mainty made up of investments. The investment policy 15 r8viewed by the trustees al
least once a year with investment advisors. The investment objective for a balance betsyeen income and growth
with moderate risk has remained unchanged. The overall value of the investment portfolio Increased by £34,981
compared lo an inerease in value of £24,802 in 2020. The value of the investment portfolio conb.nued lo not
suffer any adverse affects from the coronavirus pandemic on global markets. The trustees 8re satisfied with the
current investment strategy and are confident that the value of the portfolio will be enhanced in the long term.
Further information is set out in note 12 to the financial statements.
Rlsk pollcy
The Iruslees have given consideration to the maffjr risks to which the charity is exposed and have considered the
systems designed to mitigate exposure to such risks., in particular the regular tru51ees meetings with a careful
review of the charity's funding and available resou￿5 to ensure sufficienl monies are held for the charity's
ongoing costs and general commibnents.

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2021
Plans for futurn poriods
The trustees policy is lo continue to provKle low cost housing for women in reduced cArcumstances at an
affordable cost in a supportive and comfortab￿ environment. Reserve5 are held for the future maintenance and
eventual extension of the properknes. The reserves are not yet considered adequate lo emba￿ upon such an
extension.
Struetur•, govom•n¢o and manag•m•nt
The charity is a registered charity in England and Wales lchartty number 209925} as ￿nstitUted by its governing
document. the Will of Eva Clare Davidson. The other name that the charty is known by is its working name, The
Davidson Bequest.
The Iruslees who served during the year and up lo the date of signatur& of the financial slalements were..
Mrs M R Kalaher
Mrs PAMetters
Miss J A Baker
Ms J T Wakeford
Ms R J Webster
Mr C J Denman
(Appointed 1 July 2021)
(Appointed 1 July 2021 and resigned 19 April 2022)
(Appointed 1 July 2021 and deceased 5 September 20211
The Iru$tee$ may appoint new trustees as and when required and provide them wtth the appropri?le induction
and training to ensure thal they are aware of the obligations of each trustee in law and the need to ensure proper
a￿Unting and investment offunds.
The trustees personally manage the affairs of the charity and take advice from professional advisors wherever
appropriate. No stsff are employed by the eharrty.
The Iruslees. report was approved by the Board of Trustees.
Miss J A Baker
Trustse
Date..

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees are responsible for preparing the Twstees, ReFKJrt and the financial statemenls in accordan￿ with
applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting
Practice).
The law applicable lo challties in England and ￿leS requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming
resources and applicab.on of resourees of the charity for that year.
In Pfeparing these financial statements. the trustees a￿ required to"
- select suitable aC￿Unting policies and then apply them consistenty.,
- observe the methods and principles in Ihe Chanbes SORP-
- make judgements and estimates that are reax*nable and prudent..
state whether applicable accounb'ng Standards have been followed, subject lo any material departures
disclosed and explained in the financial statements.. and
prepare the financial statements on the going concem basis unless r( is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy al
any lime the financial wsilion of the chanty and enable them to ensure that the financial slalements comply with
the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the trust
deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable slep5
for the prevention and detection of fraud and other irre9ularities.

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EVA CLARE DAVIDSON'S CHARITY
I report to the ITUStees on my examination of the financial statements of Eva Clare Dav￿90n,$ Charty Ilhe
charity) for the year ended 31 December 2021.
Responslbllltigs and ba818 of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordan
with the requirements of the Charities Act 2011 (the 2011 kl).
I report in respect of my examination of the chari￿$ financial statements carried out under section 145 of the
2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 14515llbl of the 2011 Art
Independent oxaminerfs Statement
Your attention 15 drawn to the fact that the chartty has prepared financial statements in accordance with
Accounting and Reporting by Charities prepallng theiT accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 in preference lo the Accounting and Reporting
by Charities.. Slalement of Recommended Praeliee issued on 1 April 2005 which is referred lo in th8 extant
Tegulalions but has now been withdrawn_
l understand that this has been done in order for financial statements to provide a true and fair view in
accordance with Generally Accepted A￿oUnting Practice effective for reporting periods beginning on or after 1
January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe thal in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or
the financia5 statements do not accord wrth those records.. or
the financial statements do not comply with the applicable requirements con￿mIng the form and content ol
accounts set out in the Charibes IAccounts and Reports) Regulab"on5 2008 other than any requirement that
the accounts give a true and fair view whith is not a matter cOns￿lered as part of an independent
examination.
I have no concerns and have come across no other matters in conneclion with the examination lo which attention
should be drawn in this report in order to enable a proper understsnding of the financial ststemenls to be
reaehed.
M.dLs¢ThJV
Westbury FCCA
Wost & B•rry Limit8d
Mocatta House
Trafalgar Place
Brighton
BN14DU
Dated. ..l.?.

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted Unregtrictod
fund8
funds
2021
2020
Notes
Charitable activrties
Investments
38,795
9,612
39.375
9,264
Total Income
48,407
48,639
Charitable activities
29.705
56.477
Other
900
900
Total expenditure
30,605
57.377
Nel gainslllosses) on investm8nts
48,089
36,147
Net movèmènt in funds
65,891
27,409
Fund balances at 1 January 2021
627,476
600.067
Fund balances at 31 D8c•M￿r 2021
693.367
627.476
The statement of finanaal a¢tiviti'e5 includes all gains and losses recognised in Ihe year.
All income and expendf(ure d8rive from ￿ntinUIng activities.

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
BALANCE SHEET
AS AT31 DECEMBER 2021
2021
2020
Flx•d a88ets
Tangible ass91$
Investments
10
11
2,000
413,073
2,000
366.126
415.073
368.126
Current assets
Debtors
Cash at bank and in hand
13
1,321
278,913
918
259,282
280.234
260,200
Croditors: amounts falling duo wlthln
ono y•ar
14
{1.940)
1850}
Nel current assels
278,294
259,350
Total assgts loss curront liabiliti08
693,367
627,476
Incom• funds
Unrestricted funds
693.367
627,476
693.367
627,476
The notes on pages 7 to 13 form part of these financial statements.
The financial statements were approved by the Trustees on .
Mrs P A Metters
Tru8t•e

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
A¢¢ounting poll¢l•8
Charity infom)atlon
Eva cla￿ Davidson's Charity is a charity registered in England and ￿leS {charity number 2099251. Tho
principal address is sel out under the Legal and Administrative details page.
1.1 Accountlng conv8ntion
The financial statements have been prepared in ae£ordance with the charity's 9oveming document, the
Charities Act 2011. FRS 102 'The Financial Reporting Standard applieable in tha UK and Republic of
Ireland" l°FRS 102.} and the Chanties SORP "Accountsng and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financkal
Reporting Standard applicable in the UK and Republic of Ifeland (FRS 1021" {effective 1 January 2019}.
The charity is a Public Benefit Entity as defined by FRS 102.
The charity has tsken advantage of the provIs￿nS in the SORP for chantss not to prgpare a Slalanenl of
Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only
to the extent reqUI￿d to provide a true and lair view. This departure has involved following the Slalemenl of
Recommended Practice for charities applying FRS 102 rather than the version of the Slalement of
Recommended Pracb"ce which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepaied in steding, which is the fvnctional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest L
The financial statements have been Pfepared under the historical ￿$t convention, modified lo include the
revaluation of certain financial instnjmenls at fair value. The principal accounting policies adopted are set
out below.
1.2 Going concern
At the lime of approving the financial statements, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus the
trustees continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charltable fund8
Unrestricted funds are availabl& for use at the discretion of the trustees in furtherancE of their charitable
objectNes.
Reslrided funds are subject to specffic conditions by donors as to how they may be used. The purwses
and uses of the restricted fvnds are set out in the notes to the financial statements.
Endowment funds are subject to speufic condttions by donors that the capital mu81 be maintained by the
charity.
1.4 InGom•
Income is wognised when the charity is legally ents.tted to tt after any perforrnan￿ conditions have been
mel, the amounts can be measured rel￿bly, and it is probable that in￿rne will be received.
Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending
distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy k% treated
as a Conlingenl asset.

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
AcGountlng pollclos
Icontlnuedl
1.5 Expenditur•
Expenditure is recognised onee there is a legal or construdive obligation lo transfer economic benefit lo 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.
Expenditure is classjfied by activity. The eosts of each acb.ty are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each ac15vity. Direct ¢05t5 8ttributat￿e lo a
single activity are allocated directly to that activty. Items of a capital nature are re￿ected on the balance
sheet rf they can be used for more than one year and cost al least £1,000.
1.6 T*ngible fixed asBets
Tangible fixed assets represenl the value of land and buildings acquired indusive of all costs and fees and
are inrtially measured al cosl and subsequentsy measured at cost or net realisable value.
Depreciation is recognised w as to wnte off the cost or valuation of assets less their residual values over
their useful lives on the following basis=
Freehold land and buildings
no depreciation on land
The gain or loss arising on th& disFrf)sal of an asset is detemiined as the difference be￿een the ￿1@
proceeds and the carying value of the asset. and is recognised in the statement of financial activities.
The cost of buildings was fully depreciated as at 1st January 1999 and are still in use for direct charrtable
purposes. Subsequent expenditure of a fxpilal nature incurred on improving the buildings is depreciated
over S years by equal instalments.
The market value of the land and buildings is considered by the trustees lo be substantial but no valuation
has been commissioned, The properb.es are central to the charity's activrties.
1.7 Flxod asset Snvostm•nts
Fixed asset investments are initially measured at transaction Pri￿ excluding transath'on costs, and a
subsequentty measured at fair value at each reporting date. Changes in fair value are recognised in net
incomellexpendrturel for the year. Transaction Costs are expensed as incurred.
1.8 Impairnient of fixed assets
Al each reporting end date, the charity reviews the canying amounts of its tsngible assets lo delemine
whether there is any indication that those assets have suffered an impairment loss. If any such ind￿allOn
exists, the recoverable amoLbnt of the asset 1$ esb"matsd in order lo detemiine the extent of the imF8irmenl
loss Irf any).
1.9 C4sh and cash equivalent8
Cash and cash equivalents include cash in hand, deposits hekl at call with banks. other short-t?mi liquid
investments wrth original maturibes of three months or less. and bank overdrafts_ Bank overdrafts are
shown within borrowings in current liabilities.
1.10 Financial instrumènts
The charity has elected lo app￿ the provisions of Section 11 '8asic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of ils finanual instruments.
Financlal instruments are fecognised in the chanty's bo￿n￿ sheei when the tharity becomes paty to the
contractual provisions of the instrument.

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Accountlng policies
(Continuodl
Basle financial assets
Basic financial assets, which include deblors and cash and bank balances, are initially measured at
transaction piice including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the aTrangemenl constilules a financing transaction, where the transaction
is measured at the present value of the future receipts discounted al a market rale of interest. Financial
assets classtfied as receivable within one year are not amortised.
Basi¢ financial liabilitles
Basic financial liabilities. including creditots and bank loans a￿ inrtially recognised al transaction price
unless the arrangement conslttules a financing transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rale of interest. Financial lialy'lities classified
as payable within one year are not amortised.
Dorn¢ognition of finan￿al Ilabllltl
Financial liabilitie8 are derecijgnised when the charity's contractual Obl￿atiOnS expire or are discharged or
cancelled.
Charttable activities
Charitablo Charltable
Income
Incomè
2021
2020
Charitable rental inwne
38.795
39,375
Invostments
Unrestri¢t•d Unrestricted
funds
funds
2021
2020
Income from listed investments
Interest receivable
9,504
108
8.670
9,612
9,264

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Charitabl• activities
Charitable Charitable
ExpenditurnExpondlture
2021
2020
Propety repairs and maintenan
Council tax and water rates
Insurance
Garden maintenance
Electricity
Cleaning
Ex gralia compensation
Temporary a￿OmOdation
20,422
2,856
1,525
1,404
541
310
45,418
2,754
1,251
1,C61
350
640
2,000
1,723
27,058
55,197
Share of governan￿ Costs {see note S}
2,647
1.280
29,705
56,477
Support costs
Support Governance
2021
Support Govemance
costs
costs
2020
Legal and professional
Accountancy
Trustees expenses
600
1.900
147
600
1.900
147
1,150
130
1,150
130
2.647
2,647
1,280
1,280
Analysed betsveen
Charitsble activities
2.647
2,647
1,280
1,280
Governance costs includes payments to the accountants of £1.2¢)0 + vat (2020- £1.092 + vat) for
accountancy fees.
Trustee8
None of the Iruslees {or any persons connected wrth them} received any reMunerat￿n or benefits from the
charity during the year.
There was £146 Iwstees expenses reimbursed in the year 12020: £130) which were for subsistence for
Iruslees meetings.
10-

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Employegs
The average monthty number of employees durin9 the yeaf was..
2021
Number
2020
Number
Total
There were no employegs whose annual remuneration was more than £60,000.
Other
Unrestrrctgd Unrestricted
funds
funds
2021
2020
Investrnenl costs
900
900
Net gainslllos8•s) on investments
Unrestricted Unrestricted
funds
funds
2021
2020
Revaluation of investrnenls
Gainlllossl on sale of investm&nts
34,981
13,108
24.802
11,345
48,089
36.147
11

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
10 Tangible Ilxod ass•ts
Freeh￿d land and bulldlnos
Cost
At 1 January 2021
148,204
At 31 December 2021
148.204
D•pr•ciation and irnpairni•nt
At 1 January 2021
146.204
At 31 December 2021
146,204
Carrylng amount
At 31 December2021
2,000
At 31 December 2020
2,000
11 Flxod 48$Ot Investm•nts
Listed
Cost or valuation
Al 1 January 2021
Additions
Valuation changes
Disposals
366.128
13,522
34,981
{1,5561
At 31 De￿rnber 2021
413.073
Canylng amount
At 31 December2021
413,073
At 31 D￿ember 2020
366.126
2021
2020
Investments at fair value comprise.
Listed on the London Stock Exchange
Open Ended Investment Company
Listed on the Channel Islanda Securities exthange
337.604
65,881
9,588
296,531
58,984
10,611
413,073
366,126
12-

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
11 Flxed asset inv8Stm•nts
(Continued)
The investments which exceed 5% of the total portFolh) value at 31 December 2021 were".
The Alliance Trust plc, Diageo plc, JPM Mults Manager Growth Fund, securib.es Trust of Scotland, Scottish
Mortgage Investment TrusL Tritsx Big Box ple and Unilever ple.
12 Bank balances
The bank balance includes COIF Charities Deposit Fund of £44,093 12020". £44,088) is held with CCLA
Investment Management kn"miled.
13 Debtors
2021
2020
Amounts falllng duè within one year.
Prepayments and accrued income
1,321
918
14 Creditors: amounts falllng duè within ono year
2021
2020
Other creditors
Accruals and defeThed income
500
1,440
850
1,940
850
15 Fair value adjustments
Accumulated reserves indude fair value adjustments totalling £269.339 (£234,358)
16 Relatod party tran8•¢tions
Thors were no disclosable related party transactions during the year12020.' none).
13-