Charlty roglstratSon number 209925
EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs M R Kalaher
Mrs PA Metters
Miss J A Baker
Ms J T Wakeford
Mr P R Maddocks
{Appoinled 19 April 20221
Charfty number
209925
Principal addr
Cherry House
Kithurst Lane
Slorringlon
RH20 4LP
Independent examlner
West & Bery Limited
Mocatta House
Trafalgar Place
Brighton
BN14DU

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
CONTENTS
Pagg
Trustees. report
Independent examinerfs report
Statement of finanaal activities
Balance sheet
Notes to the finanaal stalemerrts
7-13

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their annual report and finaroal sL*emerrts forthe year ended 31 Decembgr 2022.
The Eva Clare Davidson'$ Charity which is also known as The Davidson Bequest was established in 1946 under tha
will of the late Mrs Eva Claire David50n and a subsequent Deed of As5ent_ Afurther substanty'al legacy was received
under the wll of the late Dr Daisy M Smith in 1983.
The financial statements have been prepared in accordanee ￿ the acctsuntiThJ policies set out in note 1 to the
financial slalements and Comply with the charity's goveming document, the Ch?rities Act 2011 and "Accounbng and
Reporting by Chanties.. Statement of Reeornmende<l Pr&*"ce applicable to charities preparing their accounts in
accordan￿ ￿th the Fin8ncAal Rep)rting Stsndard applicable in ￿ UK arKI Republic of Ireland IFRS
1021" leffective 1 January 20191.
Objectives and activities
The Charity's objects are the prowsion of low cost housing for gentlewomen in reduced circumstances.. The chanty
¢)wns propertie5 located in Storrington, West Sussex that provide ten self-wntained flats. There have been no
ehange in the objects or polic¢es of the charity in the year ended 31 December 2022. The chanty has no related or
co-operating organisalions.
The trustees have paid due regard to guidance issued by the Charity Commissi¢)n in deuding %that activities the
charity should undertak8.
Achlevements and perfornianee
The trustees consider the performance of the (*￿rity to have been satisfartory. The maintenance improvement
of the properties and environment provide(I to benefiaaries remain a priority and improvements ￿nts'nue to bè
made.
Financlal review
The results for the year are set out in the Statement of Financ3al Activities. The charTty's main source of income
continues to be derived from ￿ntaI income and the cost of repairs and maintenance of the properties is the charills
principal expense. The charity realised a surplus before any investment gains of £16.258 {2021 £17,802) in the
year," there was a profil on disposal of investments of £12 12021 profft on disposal.. £13,108) and unrealised
investment losses of £71.310 12021 gain.. £34.9811. The total net movement in fvnds in the year was £-55,040
12021.. £65.891} and unrestn'cted funds stood at £638,327 at the year end12021.' £693,367).
Reserves poliey
Reserves are held for the future Maintenar￿e and eventual extension of the properties. Tho rgserves ale not yet
considered adequate to embark upon such an extenson.
Investment pollcy
The chartty's funds are mainly made up of investments. The investment policy is reviewed by the trustees at least
once a year wth investment advisors. The investment objective for a balance between inwrne and gr0￿h wth
moderate risk has remained unchanged. The overall value of the investment portfolio decreased by £71,310
compared lo an increase in value of £34.981 in 2021. The value of the investment portfolio suffered adverse affect5
from rising interest rates. The trustees are satisfied wrth the current investment strategy and ale confident that t
value of the portfolio wll be enhanced in the ￿n9 term. Further infom)ation is Sel out in the notes lo the Tinancial
stslemenls.
Risk policy
The trustees have given consideration to the major risks to wthith the eharity is exposed and have considered the
systems designed to mib.gate exposure to such risks," in particular the regular trustees meetings wth a careful
revigw of the charitys funding and available rwaourtss to ensure sufficient monies are held for the charity's ongoing
costs and 9eneral commitments.

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Plans for future perlods
The Iruslees policy is lo Continue to provth low cost ￿)using for *Dmen in reduced circumstances at an affordable
cost in a supportive and comfOrta￿e enwronment. Reserves are held for the fvrture maintenance and eventU81
extension of the properties. The reserves are not yel considered adequate lo embark upon such an extension.
Structum. governanc• and managomgnt
The charity is a regislefed charity in England and Wales ltharity number 2099251 as constttuted by its governirkg
document, the Will of Eva Clare Davidson. The other name that the charty is known by is its working narne, The
Davidson Bequest.
The trustees who served during the year and up to the date of signature of the financial statements wefe..
Mrs M R Kalaher
Mrs PAMetters
Miss J A 8aker
Ms J T Wakeford
Ms R J Webster
Mr P R Maddocks
(R￿gned 19 April 2022)
IAppoirrted 19 4)ri120221
The trustees may appoirrt new trustee3 as when required and provide them wrih th8 appropriate ir¥duction and
training lo OnSu￿ that they a￿ aware of the oblig8tsons of each trustee in law and the need to ensure proper
aC￿unting and investment of funds.
The trustees personally manage the affairs of the tharity and take athce from professional advisors wherever
appropriate. No staff are employed by the charity.
The trustees. report wa5 approv8d by the Board of Trustees.
Miss J A Baker
Trustee
Date. ..l.S.14prl.l..2oS......

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees are rosponsible for preparirwj the Trustees. Report and the finanaal statements in accordance with
applicable law arKI United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounb'ng
Praclicel.
The law applicable lo charrties in England and Wales ￿qUireS the trustees to prepare financial stslements for each
financi81 year which give a true and fair view of the stsle of affairs of the chanty and of the incoming resources and
application of resour¢e$ of the charity for that year.
In preparing these financial statem8nts, the trustees are required to:
- select suitable accounting wlicies and then apply them cDnsistenly'
- observe the methods arbd principle8 in the Charities SORP..
- make judgements and estimates that are rea￿natIe and prudent
slate whether applicable accounting standards have been f￿lOWed. subject lo any material departures disclosed
and explained in the financial stalemenls.. and
prepare the financial slalemenls on the going concem basis unless it is inappropriafr to presume that the charity
will continue in operation.
The trustees are responsible for keepmng sufficient accounting records that disdose ¥￿th ￿asOnable accuracy al any
time the financial posrtion of the charity and enable them to ensure that the finarrial statements eompty with the
Char(tie5 Act 2011, the Charity IAccounts and Reports) Regulatsons 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the charrty and hence for taking reasonable steps for the
prevention and detection of fraud and other irregulatities.

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 trustee8 on my examination of lh8 financial statements of Eva Clare Davidson's Ch￿ty Ithe chartyl
ft)r the year ended 31 Deeember 2022.
Responslbllltles and ba$b of report
As the trustees of the charity you are responsible for the pwaration of the finanual statemenls in accordan￿ wth
the requirements of the Chants"es Aca 2011 (the 2011 ktl.
I report in respect of my examination of the charity's finawal statements carried OLrt under sects.on 145 of the 2011
Act. In Carrying out my examination I have followed all the applicable Directions 9iven by the Charity Commission
under section 14515llbl of the 2011 Act.
Independent examlnerfs ststement
Your attention is drawn lo the lact that the charity has prepared financial slalements in aC￿rdar￿ wth Aceounling
and Reporting by Chanties preparing their accounts in accordan￿ wlh the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021 in p￿ference to the Accounting and Repoth"ng by Charits'es". Statement
of Recommended Practi￿ issued on 1 April 2005 whieh is referred to in the exiant regulations bLrt has now been
thdrawn.
l understand that this has been done in order for financial slalemenls to provide a true and fair view in accordance
th Generally Accepted Accounting Prath"ce effethve for ￿pO¥b"ng per￿$ beginnirwJ on or after l January 2015.
I have completed rny examination. I confirm that no matters have come to my attention in connects'on wth the
examination giving me cause to klieve that in any material respect..
accounting fecords were not kept in respect of the charity as required by section 130 of the 2011 Act.. or
the financial stslements do not accord wrth those records", or
the finanaal slalemenls do not compty wrth the applicable reqU1￿mentS conceming the form and content of
accounts set out in the Charrties (Accounts and Reportsl Regulation5 2008 other than any requirement that the
accounts give a true and fair view whith 1$ not a matter cOn￿dered as part of an independent examination.
I have no ￿rIceM$ and have come across no other matters in connection vthh the examination to which attention
should ￿ drawn in this report in order lo enable a proper understanding of the finanoal ststements lo be reached.
Wg$tbury FCCA
West & Berry Limited
Mocatta House
Trafalgar Place
Brighton
BN14DU
Dated..

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrnstrlctgd Unr•strictsd
fund$
funds
2022
2021
Notes
Charitable ac#ivilie$
Investments
40.535
10,628
38,795
9.612
Totsl income
51,163
48,407
Charitable activities
34.005
29,705
Other
900
900
Totsl expendlturg
34,905
30,605
Nel ga1￿(loSseS) on investments
171,2981
48,089
Not movement In funds
155,0401
65.891
Fund balances al 1 January 2022
693,367
627,476
Fund balances at 31 D•e•mber 2022
638,327
693,367
The statement of finanoal a¢iiwti"es indudes all gains and k)sses recognised in the year.
All income and expenditure derive from continuing aCti¥￿eS.

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Notss
Fixed assets
Tangible assets
Investments
10
11
2.000
341.763
2,000
413,073
343.763
415,073
Current assets
Debtors
Cash at bank and in hand
13
10.268
286.434
1,321
278,913
296.702
280,234
Credktors: arnounts falllng due within
on• y•ar
14
12.138)
{1,940}
Net ujrrent assets
294,564
278.294
Totsl assets less currènt liabilities
638,327
693.367
Incom• fund$
Unrestricted lunds
638,327
693,367
638,327
693.367
The notes on pages 7 to 13 fomi part of these financial statements.
The financial ststements were approved by the Trustees on .l.l ￿.?.[:.1.￿13
Mr5 P A Metters
Trustee

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollcles
Charlty Infomiation
Eva Clare Davidson's Charity is a eharity registered in England and Wales lehanty number 209925}. The
principal address is set out under the Legal and AdministJab"ve details page.
1.1 Accountlng convgntlon
The financjal statements have been prepared in xcOrdan￿ wth the tharitys goveming document, the
Charities Act 2011, FRS 102 Ihe Finanaal Reporting Standard applicable in the UK and Republic of
Ireland. I"FRS 102.1 and the charib.es SORP -Accountsng an(J Reporting by Charities". Statement ol
Recommended Pr8cb"ce applicatrAe lo tharities preparing their accounts in accordance wth the Financial
Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102)" leffecb've 1 January 2019}. The
charity is a Public Benefit Entsty as defined by FRS 102.
The charity has taken advantage of the promsions in the SORP for charities not to prepare a Slatanent of
Cash Flows.
The finanaal stalgmenls have departed from the Charities (Accounts aThJ Reports) Regulations 2008 only to
the extent required to provide a Iwe and fair view. This departure has invcdved follo￿n9 the Ststemenl of
Recommendd Practice for charities applying FRS 102 rather than the veNon of the Slalement of
Recommended Prath"ce whith is referred to in the Regulats"ons but whith has since been withdrawn.
The financi81 statements are prepared in steding, whth is the fvnclional currency of the charity. Monetary
amounts in these financial stslemenls are rounded to the nearest £.
The financial statements have been prepared urKler the historical cost convention, modified lo include the
revaluation of ￿rtain financial instruments at fair value. Tr prinapal accounb.ng poliaes adopl&J are set out
below.
1.2 Going concorn
Al the lime of approving the financial ststements. the trustees have 8 reasonable expectstion that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trL6lees
conts.nue to adopt the g￿n9 conc8m bags of accounb.ng in preparing the finanual stslements.
1.3 Charltable funds
Unrestrictéd funds are availabl• for use at tha discretion of the trustees in furtheran¢¢ of their charitable
objectives.
Restricted funds are subject to speafic conditions by donors as lo how they may be used. The purwses and
uses of the restricted fvnds are set out in the notes lo the finanaal statements.
Endowrngnl fiJnds are subject to speafic condrtTrons by donors Ihal the capital must be maintained by the
charity.
1A Income
Income is recognised lthen the charity is legalty entitted to rt after any perfomiance conditi'ons have been met,
the amounts can be measured reliably, and il is probable that ineome ￿11 be r￿1ved.
Legaaes are recognised on receipt or otherwse if the tharty has bèen notified of an impending (fjstribution,
the amount Is known. and receipl is 8XF*¢ted. If the amount is knor￿. the legacy is treat8d a$ a
contingent asset.

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting pollcles
Icontinugdl
1.5 Expenditu
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit to a
third paty, il is probable that a transfer of economic benefits ￿11 be required in settlement, and the amount of
the obligabon can ke measured reliably.
Expenditure is dassified by activty. The costs of each actimty are made up of the total of dir￿1 costs and
shared costs, including support costs involved in unijertaking eath activrty. Direct costs attribula￿e lo a single
activity are allocated diredy to that aetsvity. Items of a capital nature are reflected on the babnce sheet if they
can Used for more than one year and cost at least £1.000.
1.6 Tanglble flxgd assets
Tan9ible fixed assets reprvaent the value of land and buildings acquired inclusive of all eosts fees and are
initially measured at cost and subsequently measured at cost or net realisable value.
Depreciation is ￿CogniSed so as to wnte off the cost or valuatson of assets less their residual values over their
usefvl lives on the following basis."
Freehold land and buildings
no depreciakn.on on land
The gain or loss arising on ts disposal of an asset is detemiined as the differen￿ between the sal8 proceeds
and the carrying value of the asset, ar￿ is recognised in the statement of finanoal ath"vitie$.
The cost of buildings was fully depreciated as at 1st January 1999 and are still in use for direct tharitsble
purposes. Subsequent expendrture of a eaprtal nature incurred on improving the buildings is depreciated over
5 years by equal inslalmenls.
The market value of the land and buildings is cO￿dered ty the trustees to be substsntial but no valuab'on has
been Commissioned, The properties are central to the charity's a(*"v￿"es.
1.7 Flxed asset Investments
Fixed asset investments are initially rneasured at transaction price excluding transaction costs, and arg
subsequently measured al fair value al each reportrng dale. Changes in fair value are recognised in net
incomel{expenditure} for the year. Transaclion costs are expensed as incUff￿.
1.8 Impalm)ent of fixed assgts
At each reporb'ng end date. the charity ￿￿ewS the carrying amounts of rts tsngible assets to determine
whether there is any indication that those assets have suffered an impaimient loss_ If any such ind￿tIOn
exists, the recoverable amount of the asset is estimated in order lo determine the exient of the impairment
Ioss lif any).
1.9 Cash and cash equivalents
Cash and cash equivalents indude cash in hand, deposits held al call with banks. other short-tem liouid
investments with original matuth.es of three months or less, and bank overdrats. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Flnanclal Instruments
The charity has elected to appty the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Iswes, of FRS 102 to all of its finanoal instnTrments.
Financial instruments are recognised in the charitys balance sheet vthen the charity 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 2022
Accounting policies
Icontlnuedl
Basic financial assets
Basic financial assets, which include deblots and cash and bank balan￿s. are initially measured at
transaction price including transacthon costs and are subsequenuy carried at amortised cost using the effective
interest method unless the arrangement ￿nStituteS a financing transaction. where the transaction 15
measured al the present value of the futu￿ receipts discounted at a market rate of interest. Finanaal assets
dassified as re￿Iv0b1e ￿thIn cTh year are not amortised.
Basic financial liabilities
Basic finanaal liabilibes. induding creditors and bank loans are initsally recognised at transaction pri￿ unless
the arrangement constitutes a finanung transacts"on. wthere the debt instrument is measured at the present
value of the fvture payments discounted * a market r*e of interest. Finanoal liabilrties classified as payable
within one year are not amortised.
Derecognltlon of finanelal Ilabllilles
Financial liabilitses are derecLvJnised when the chaiitls contradual obligati¢Jns expire or are discharged or
cancelled.
Charftsblg actlvltles
Charftsblo Charltable
Incoma
Incom•
2022
2021
Charitable rental income
40,535
38,795
Investments
Unrestricted Unrestricted
funds
funds
2022
2021
Income from listed investrnents
Interest receivable
9,994
634
9.504
108
10,628
9,612

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
CharStable actlvftleg
Charitable Charitsble
Expenditure Ex￿nditUTe
2022
2021
Propety repairs and maintenanGe
Council lax and water rates
Insurance
Garden maintenance
Electricty
Cleaning
Letting agent fees
Donations paid
20,766
2,792
2,420
1,479
1,201
250
2.510
35
20,422
2,856
1,525
1,404
541
310
31,453
27,058
Share of govemance costs Isee note S)
2,552
2,647
34,005
29,705
Support c¢)sts
Support Governance
costs
costs
2022
2021
Legal and professional
Accountancy
Trustees expenses
1.092
1.440
20
1,092
1,440
20
600
1,900
147
2.552
2.552
2.647
Analysed between
Charitable aclivities
2.552
2.552
2.647
Govemance costs indudes paymenls to ts wxountsnts of £1.200 + vat12021- £1,200 + vall for a¢￿unIOn
fees.
Trustees
None of the trustees (or any persons connected with them) received any ￿M￿neratIOn or benefits from the
charity during the year.
There was £20 trustees expenses reimburse(J in the year {2021: £1461 which werg for subsisteneè for
trustees 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 2022
Employees
The average monthty number ofemployees during the year was..
2022
Number
2021
Number
Total
There were no employees V*hose annual remuneration was more than £60.000.
Other
Unrestrictsd Unrestricted
funds
funds
2022
2021
Inve3tment costs
900
900
900
900
Net gainsl{losses) on Investments
Unrgstrlcted Unrestricted
funds
funds
2022
2021
Revaluation of investments
Gainlllossl on sale of investments
171,310}
12
34,981
13,108
171,298)
48,089
11

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
10 Tanglble flx•d assots
Frè•hdd land and t¥Jlldlng8
Cost
Al 1 January 2022
148.204
At 31 December 2022
148,204
Dgprgclatlon and irnpairmgnt
At 1 J8nLbary 2022
146,204
At 31 December 2022
146.204
Carying amount
At 31 December 2022
2,000
At 31 December 2021
2,000
11 Flxed asset Investments
Listed
Cost or valuatlon
Al 1 January 2022
Valuation changes
413,073
171.3101
At 31 December 2022
341.763
Carying amount
At 31 December 2022
341,763
At 31 December 2021
413,073
2022
2021
Inveslmenls at fair value comprise:
Listed on the Lor￿On Stock Exehange
Open Ended Investment Company
Listed on the Channel Islanda Securities exctsnge
278.771
54,111
8,881
337.604
65,881
9,588
341,763
413,073
The investments which exrxl 5% ofthe total portfolio value at 31 D￿mber 2022 were..
The Allian￿ Trust plc. Diageo plc. JPM Multi Manager Growth Fund, Secur5ties Trust of Scouand, SCo￿.$h
Mortgage Investment TrusL Tntax &'g Box pk, Unilever arKI Edinburgh Investment TfUSI.
12-

EVA CLARE DAVIDSON'S CHARITY
ALSO KNOWN AS THE DAVIDSON BEQUEST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
12 Bank balances
The bank balance ineludes COIF Charities Deposit Fund of £44,524 {2021.' £44,093} is held with CCLA
Investment Management Limited.
13 Debtors
2022
2021
Amounts falllng due withln ono year.
Prepayments and accrued income
10.268
1,321
14 cr￿ltOrs.. amounts falllng due T*lthln one year
2022
2021
Other Creditors
Accruals and deferred inc(Mne
603
1,535
500
1,440
2,138
1,940
1S Fair value adjustmgnts
Accumulated r8$erves indude fair value adjustrnents totalling £198,041 1£269.339}
16 Related party transactions
There were rK> disdosable related paty transactions during the year12021.' none).
13-