Charity registration number 209925 (England and Wales)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY)
ALSO KNOWN AS THE DAVIDSON BEQUEST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
File 1 of 2, Page 1 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr P Orpwood Ms E Bell Mr A Radford
Charity number (England and Wales) Principal address
209925
8 Priory Close Storrington Pulborough West Sussex RH20 4FQ
Independent examiner
West & Berry Limited Nile House Nile Street Brighton BN1 1HW
File 1 of 2, Page 2 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 14 |
File 1 of 2, Page 3 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The Eva Clare Davidson Housing Charity (formerly Eva Clare Davidson's Charity) which is also known as The Davidson Bequest was established in 1946 under the will of the late Mrs Eva Clare 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 statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The charity's objects are the provision of low cost housing for 'gentlewomen in reduced circumstances'. The charity owns two properties located in Storrington, West Sussex that provide ten self-contained flats. There have been no change in the objects or policies of the charity in the year ended 31 December 2024. The charity has no related or co-operating organisations.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
The trustees consider the performance of the charity to have been satisfactory. The maintenance and improvement of the properties and environment provided to beneficiaries remain a priority and improvements continue to be made.
Two more flats were refurbished this year and we continue our programs of updating and complying with the new legislation.
Financial review
The results for the year are set out in the Statement of Financial Activities. The charity's main source of income continues to be derived from rental income and the cost of repairs and maintenance of the properties is the charity's principal expense. The charity realised a deficit before any investment losses of £29,645 (2023: £9,593) in the year; there was a loss on disposal of investments of £Nil (2023: £2,677) and unrealised investment gains of £20,023 (2023: loss £1,725). The total net movement in funds in the year was £-6,622 (2023: £-13,995) and unrestricted funds stood at £617,710 at the year end (2023: £624,332).
Reserves policy
Reserves are held for the future maintenance and eventual extension of the properties. The reserves are not yet considered adequate to embark upon such an extension.
Investment policy
The charity's funds are mainly made up of investments. The investment policy is reviewed by the trustees at least once a year with investment advisors. The investment objective for a balance between income and growth with moderate risk has remained unchanged. The overall value of the investment portfolio decreased by disposals of £Nil and upwards revaluation of £20,026, compared to an decrease of £1,537 in 2023. The trustees are 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 the notes to the financial statements.
Risk policy
The trustees have given consideration to the major risks to which the charity is exposed and have considered the systems designed to mitigate exposure to such risks; in particular the regular trustees meetings with a careful review of the charity's funding and available resources to ensure sufficient monies are held for the charity's ongoing costs and general commitments.
- 1 -
File 1 of 2, Page 4 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for future periods
The trustees policy is to continue to provide low cost housing for women in reduced circumstances at an affordable cost in a supportive and comfortable environment. Reserves are held for the future maintenance and eventual extension of the properties. The reserves are not yet considered adequate to embark on such an extension.
The trustees had started to look at building another block along the lines of the plans drawn up by the previous trustees in February 1998. Two outline planning applications were made, but refused by Horsham District Council. Both decisions were appealed and planning permission was still refused.
Both outline applications were rejected, (one for a single block of four flats and the other for two blocks each with four flats). The refusal however was based on grounds that could be accommodated by amendments to the final plans. The Inspector did not base her decision on the new National Planning Policy Framework which although published at the time had not come into law. The trustees have decided to fully pursue the proposed development of a single block of four small one bedroom flats as this has been the intention of the previous trustees since 1997. We feel now is the time to finally fully explore the possibility.
Structure, governance and management
The charity is a registered charity in England and Wales (charity number 209925) as constituted by its governing document, the Will of Eva Clare Davidson. The other name that the charity is known by is its working name, The Davidson Bequest.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr P Orpwood
Ms E Bell Ms C Hill (Resigned 10 January 2025) Mr A Radford
The trustees may appoint new trustees as and when required and provide them with the appropriate induction and training to ensure that they are aware of the obligations of each trustee in law and the need to ensure proper accounting and investment of funds.
The trustees personally manage the affairs of the charity and take advice from professional advisors wherever appropriate. No staff are employed by the charity.
The trustees' report was approved by the Board of Trustees.
.............................. Mr P Orpwood Trustee
.............................. Mr A Radford Trustee
4 Oct 2025 Date: .............................................
- 2 -
File 1 of 2, Page 5 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it 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 at any time the financial position of the charity and enable them to ensure that the financial statements 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 steps for the prevention and detection of fraud and other irregularities.
- 3 -
File 1 of 2, Page 6 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY)
I report to the trustees on my examination of the financial statements of Eva Clare Davidson Housing Charity (formerly Eva Clare Davidson's Charity) (the charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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 that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
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 understanding of the financial statements to be reached.
M Westbury FCCA
West & Berry Limited
Nile House Nile Street Brighton BN1 1HW
4 Oct 2025 Dated: .........................
- 4 -
File 1 of 2, Page 7 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY 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 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income and endowments from: | |||
| Charitable activities | 2 | 52,148 | 42,240 |
| Investments | 3 | 13,326 | 14,653 |
| Other income | 4 | 393 | - |
| Total income | 65,867 | 56,893 | |
| Expenditure on: | |||
| Charitable activities | 5 | 89,624 | 65,586 |
| Other expenditure | 9 | 2,888 | 900 |
| Total expenditure | 92,512 | 66,486 | |
| Net gains/(losses) on investments | 10 | 20,023 | (4,402) |
| Net expenditure and movement in funds | (6,622) | (13,995) | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2024 | 624,332 | 638,327 | |
| Fund balances at 31 December 2024 | 617,710 | 624,332 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
File 1 of 2, Page 8 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Fixed assets Tangible assets 12 Investments 13 Current assets Debtors 15 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities The funds of the charity Unrestricted funds 17 |
2024 £ 35,283 252,270 287,553 (2,470) |
£ 2,000 330,627 332,627 285,083 617,710 617,710 617,710 |
2023 £ 25,963 289,422 315,385 (3,654) |
£ 2,000 310,601 |
|---|---|---|---|---|
| 312,601 311,731 |
||||
| 624,332 | ||||
| 624,332 | ||||
| 624,332 |
The notes on pages 7 to 14 form part of these financial statements.
4 Oct 2025
The financial statements were approved by the trustees on .........................
.............................. .............................. Mr P Orpwood Mr A Radford Trustee Trustee
- 6 -
File 1 of 2, Page 9 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Eva Clare Davidson Housing Charity is a charity registered in England and Wales (charity number 209925). The principal address is set out under the Legal and Administrative details page.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time 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 concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Legacies are recognised on receipt or otherwise if 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 is treated as a contingent asset.
- 7 -
File 1 of 2, Page 10 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Items of a capital nature are reflected on the balance sheet if they can be used for more than one year and cost at least £1,000.
1.6 Tangible fixed assets
Tangible fixed assets represent the value of land and buildings acquired inclusive of all costs and fees and are initially measured at cost and subsequently measured at cost or net realisable value.
Depreciation is recognised so as to write 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 the disposal of an asset is determined as the difference between the sale proceeds and the carrying 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 charitable purposes. Subsequent expenditure of a capital nature incurred on improving the buildings is depreciated over 5 years by equal instalments.
The market value of the land and buildings is considered by the trustees to be substantial but no valuation has been commissioned, The properties are central to the charity's activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
- 8 -
File 1 of 2, Page 11 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Charitable income | ||
| Charitable rental income | 52,148 | 42,240 |
| Income from investments | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Income from listed investments | 9,696 | 12,264 |
| Interest receivable | 3,630 | 2,389 |
| 13,326 | 14,653 |
-
3 Income from investments
-
9 -
File 1 of 2, Page 12 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 4 | Other income | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Other income | 393 | - | |
| 5 | Expenditure on charitable activities | ||
| Charitable | Charitable | ||
| activities | activities | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Direct costs | |||
| Property repairs and maintenance | 72,675 | 49,705 | |
| Council tax and water rates | 4,051 | 2,554 | |
| Insurance | 3,252 | 3,177 | |
| Garden maintenance | 620 | 1,900 | |
| Electricity | 1,636 | 1,562 | |
| Cleaning | 545 | 190 | |
| Letting agents fees | 3,000 | 3,000 | |
| Sundry expenses | 265 | - | |
| 86,044 | 62,088 | ||
| Share of support and governance costs (see note 6) | |||
| Governance | 3,580 | 3,498 | |
| 89,624 | 65,586 | ||
| Analysis by fund | |||
| Unrestricted funds | 89,624 | 65,586 | |
| 6 | Support costs allocated to activities | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Governance costs | 3,580 | 3,498 | |
| Analysed between: | |||
| Charitable activities | 3,580 | 3,498 |
- 10 -
File 1 of 2, Page 13 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 6 Support costs allocated to activities Governance costs comprise: Legal and professional Accountancy |
(Continued) 2024 2023 £ £ 1,980 1,986 1,600 1,512 3,580 3,498 |
(Continued) 2024 2023 £ £ 1,980 1,986 1,600 1,512 3,580 3,498 |
|---|---|---|
| 3,498 |
Governance costs include payments to the independent examiners of £1,333 + VAT (2023: £1,200 +VAT) for accountancy fees.
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
One trustee was reimbursed £1,107 repairs & maintenance expenses incurred on behalf of the charity in the year (2023: none in the prior year).
8 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
9 Other expenditure
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Investment costs | 2,888 | 900 |
- 11 -
File 1 of 2, Page 14 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
10 Gains and losses on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| Gains/(losses) arising on: | £ | £ |
| Revaluation of investments | 20,023 | (1,725) |
| Sale of investments | - | (2,677) |
| 20,023 | (4,402) |
11 Taxation
The charity is exempt from taxation on its activities, because all income is applied for charitable purposes.
12 Tangible fixed assets
| Tangible fixed assets | |
|---|---|
| Freehold land | |
| and buildings | |
| £ | |
| Cost | |
| At 1 January 2024 | 148,204 |
| At 31 December 2024 | 148,204 |
| Depreciation and impairment | |
| At 1 January 2024 | 146,204 |
| At 31 December 2024 | 146,204 |
| Carrying amount | |
| At 31 December 2024 | 2,000 |
| At 31 December 2023 | 2,000 |
- 12 -
File 1 of 2, Page 15 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
13 Fixed asset investments
| Cost or valuation At 1 January 2024 Valuation changes At 31 December 2024 Carrying amount At 31 December 2024 At 31 December 2023 Investments at fair value comprise: Listed on the London Stock Exchange Open Ended Investment Company Listed on the Channel Islands Securities exchange |
Unlisted investments £ 310,601 20,026 330,627 330,627 310,601 2024 2023 £ £ 260,882 248,599 62,270 55,177 7,475 6,825 330,627 310,601 |
Unlisted investments £ 310,601 20,026 330,627 330,627 310,601 2024 2023 £ £ 260,882 248,599 62,270 55,177 7,475 6,825 330,627 310,601 |
|---|---|---|
| 330,627 | ||
| 330,627 | ||
| 310,601 | ||
| 2023 £ 248,599 55,177 6,825 |
||
| 310,601 |
14 Bank balances
The bank balance includes COIF Charities Deposit Fund of £48,856 (2023: £46,745) held with CCLA Investment Management Limited.
15 Debtors
| 15 Debtors |
||
|---|---|---|
| Amounts falling due within one year: Prepayments and accrued income 16 Creditors: amounts falling due within one year Trade creditors Other creditors Accruals and deferred income |
2024 £ 35,283 2024 £ 211 659 1,600 2,470 |
2023 £ 25,963 |
| 2023 £ 1,247 586 1,821 |
||
| 3,654 |
- 13 -
File 1 of 2, Page 16 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)
EVA CLARE DAVIDSON HOUSING CHARITY (FORMERLY EVA CLARE DAVIDSON'S CHARITY) ALSO KNOWN AS THE DAVIDSON BEQUEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
17 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 Building Repair Reserve General funds Previous year: At 1 Building Repair Reserve General funds |
January 2024 Incoming resources Resources expended Transfers Gains and losses At 31 December 2024 £ £ £ £ £ £ 300,000 - - - - 300,000 324,332 65,867 (92,512) - 20,023 317,710 624,332 65,867 (92,512) - 20,023 617,710 January 2023 Incoming resources Resources expended Transfers Gains and losses At 31 December 2023 £ £ £ £ £ £ - - - 300,000 - 300,000 638,327 56,893 (66,486) (300,000) (4,402) 324,332 638,327 56,893 (66,486) - (4,402) 624,332 |
|---|---|
18 Fair value adjustments
Accumulated reserves include fair value adjustments totalling £222,132 (2023: £196,973).
19 Related party transactions
There were no disclosable related party transactions during the year (2022: none).
- 14 -
File 1 of 2, Page 17 of 17. Encyro E-Sign ID: McNrG-SlN5wtPQk9 (2025-Oct-04 13:43:06 UTC)