THE PHILIP J DAVIES FAMILY CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 Charity Commlsslon Reference- 259228 THE PHILIP J DAVIES FAMILY CHARITABLE TRUST TRUSTEE'S REPORT FOR THE YEAR ENDED 5 APRIL2024 The Iruslee5 present their annual report along with the ffinancial slalements of the Irusl for the year ended 5 April 2024. The ffTrancial slalemenls have been prepared in accofdance vAlh the accounting polici&s sel out on pagè 8 and Comply v￿th the charity's trust deed, the Charttses Act 2011 and Accounting and Reporting by Charities.. Slalemenl ol Recommended Accounting prac￿ce effeGtive1 January 2019. Conslltutlon and ob ec18 The Charitable Trust was esiablished on 18 March 1988 by Philip John Leon Daviés in order lo asslst recognised charities and help needy individuals. The Charitable Tnjst is a charity registered under number 259228. Donations are rrTrade on the decision of the Iruslees, in accordance wlh the charity's objectives and taking into accounl the Charity Commission's guidance on public benefit. Rlsk Mana emenl The principle risks faced by Ihe Trust lie on the performance or investments and operational risks from ineffective grant making. Th8 trustees endeavour to ensure donations are made in line wilh donations ieceived each year a￿1 so minimise inveslm8nl risk. Trustee5 The Trusteès during the year were.. Mr M S Davies Mrs E J Davies The Trustees give their time freely and no remuneTal'on was paid in the year. THE PHILIP J DAVIES FAMILY CHARITABLE TRUST TRUSTEE'S REPORT FOR THE YEAR ENDED 5APRIL 2024 Trustees Res onslbllltles Responslbllllles of the Trusteas The Charitls Trustees are responsible for weparing the Trustees Annual Report and Ihe financial slatements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢¢epied Accounting Praclicel. The law applicable to charities in England and Wales requires the Tfustees lo prepare financial statements for each nanci81 year which give a true and fair view of the slate of affairs of the Charity and of thè incoming resources and applKalion of resources of the Charity for that period. In preparing these financial slalemenls, the Trustees are required lo.. selecl suitable accounting polici&s and th8n apply them consistendy,. observe the melhods and principles In the Charities SORP., makeludgements and estimates Ihal are reasonable and prudent., State whether applicable accounting standards have been folbwed, subject to any material departu￿$ dlsclosed and explained in the financial statements,. Prepare the financial slalements on the going concem basis unless il is inappropriate lo presume Ihal thg Charity will conkn'nue In operation. The Trustees are responsible for keeping PToper accounting records that disclose with reasonable a¢¢uracy al any time the financial position ol the Trust and enable them lo ensure that the financial statements comply with the Charities Acl 2D11 the applicable Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. The Tfuslees are also Tesponsible for safeguarding the assets of Ihe trust and hence for taking reasonable steps for the prevenlton and dele¢lion of frAud 8nd other irfegularities. THE PHILI J DAVIES FAMILY CHARITABLE TRUST TRUSTEE'S REPORT FOR THE YEAR ENDED 5 APRIL2024 Ob ectlves and Aetlvltles for the Publlc Benefit.. The objecis of th& Tnjsl is lo support registered charilles and support needy individuals. The support lo needy individuals is prowded through Ihe separate fund established in 1993, the Sam and Dora Davies Memorial Fund. This fund is Irealed as a restncled fund in these accounts. Durtng the year, the Iruslees donated £117,2001o registered charilSès. During 1993 a separate fuixl was established - Ihe Sam and Dora Davies Memorial Fund. The purpose ol the lund was to make inlefesl free loans lo people requiring such 4ssi51ance. During the year thè Iruslees lent £4,100, and prewously advanced loans 01£6,150 We￿ retumed. Flnanclal Posltlon: The annexed ac¢ounts give details of the financial position of the Iwsl for the year ended 5 April 2024. 11 is expecled that a substantial portion of the loans currently outstanding lo the Sam and Dora Davies Memorial Fund and amouftling lo £55,429 will b6 recoVe￿d. These funds will then be available lo re-lend. Approved by the Truslees on 30 January 2025 and S￿Jn8d on their behalf by Mr M S Davies.Trustee THE PHILIP J DAVIES FAMILY CHARITABLE TRUST INDEPENDENT EXAMINERS'S REPORT TO THE TRUSTEES OF PHILIP J DAVIES CHARITABLE TRUST FOR THE YEAR ENDED 5 APRIL2024 I report on th8 accounts ofthe Charity for the year ended 5 April 2024 which are set out on pages 510 8. Respe¢tlve responslbllltles of the Trustees of the Soclety and the examlner The Charivs Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year (under section 14412} of the Charities Act 2011 (the 2011 Acll and that an independent examination is needed. It is my responslbility lo.. examlne the accounts (under seclK>n 145 of the 2011 Act to follow the procedures laid down in Ihe General Directions given by the Charity Commissioners (under seclion14515llb} of the 2011 Act- and lo stale whether particular Matte￿ have come lo my attention. Basls of Independent examlnevs report My examination was carried out in accordance ¥￿th the General Directions given by the Charity Commission. An examinallon Ineludes a rewew of the accounting records kept by the Charity and a comparison of the accounts presonled with those records. 11 also includes consideralion of any unusual items or disclosures in th8 a¢counls and seeking explanations Irom you as tTuslees conceming any such matters. The procedures undertaken do not provtde all the evidence that would be required in an audit and no opinion is given as to whether Ihe accounts present a 'lrue and fair vie￿, and Ihe ￿port is limf(ed lo those matters sel out in the slalement below. Independent examlner's statement In connection vfilh my examination, no matter has come to my attention.. - which gives me reasonable cause lo bplieve that in any material respect the requirements lo keep a¢￿untIng recoTds in accoTdance with section 130 01 the 2011 Act.. and lo prepare accounts which accord wilh the accounting fecords and comply with the accounllng requirements of the 2011 Act havè not been mel., or 21 lo which, in my opIn￿n aitenlion should be drawn in order lo enable a proper understandlng of the accounts to be reached. Name: C R Monk Relevant professlonal quallflcatlon or body.. F.C.A Address., One Express, 1 George Lelgh Strèèt, Manchester M4 5DL Date: 30 January 2025 THE PHILIP J DAVIES FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES- GENERAL FUND FOR THE YEAR ENDED 5APRIL 2024 2024 2023 INCOMING RESOURCES Donations ReGeived Legacy Payments Bank Interest Received 117,725 155,575 4,416 14 121 TOTAL INCOMING RESOURCES 117,846 180,005 RESOURCES EXPENDED Bank charges Donations lo Registered Charitses 150) 1117,200) 160} 1159,950) TOTAL RESOURCES EXPENDED 1117,250) 1160,010} NET MOVEMENT IN FUNDS 596 151 Balance al 6 April 2023 1194} (1891 BALANCE AT 5 APRIL 2024 402 194 THE PHILIP J DAVIES FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES SAM AND DORA DAVIES MEMORIAL FUND FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 INCOMING RESOURCES Loans Repaid 6,150 5,050 6,150 5,050 RESOURCES EXPENDED Loans Made (4,100) (5,0001 NET MOVEMENT IN FUNDS 2.050 50 Balar)ce at 6 April 2023 6,088 6,038 BALANCE AT 5 APRIL 2024 8,138 6,088 THE PHILIP J DAVIES FAMILY CHARITABLE TRUST BALANCE SHEET AS AT 5APRIL 2024 2024 2023 CURRENT ASSETS Cash at Bank Sundry Deblots 9.950 7,500 7,304 7,500 17,450 14,804 CURRENT LIABILITIES Due to Trustee Sundry Creditors 13101 {8,6001 13101 18,6001 18,9101 18,9101 NET CURRENT ASSETS 8,540 5,894 FUNDS 8,540 5,894 The notes on p4gg 8 fomi part of these accounts. Approved by the Trustees on 30 January 2025 Mr M S Davlès- Trusteè Mrs E J Davies . Trustèe THE PHILIP J DAVIES FAMILY CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POLICIES Basls of Accountlng Th& accounts have been prepared in accordance with the Slalemenl of Recommended Practice applicabl& lo charities prepartng their accounts in accordance with the Financial Reporting Standard effectiv8 1 January 2019, Financial Reporting Stamlard Numb8r102 and the Charities Act 2011 and applicablé regulallons. The accounts have been Prepared under the historic cost convention wlh items recognised al cost or transaction value. Income recognltlon Income is iecognised on¢e Ihe Iiusl has enlillemenls lo the income, Ihere is sufficient certainly or receipt and so il is possible thal Ihe income will be weived, and the aMO￿nI ol income receivable can be measured reliably. Expendlture re¢ognltlon Liabilities are Tecognised as expendlture as soon as there Is a legal or conslruclive obligation commilling lo that expenditure, il is probablè that sèttlemonl wll be required, and the amount ol the obligation can be measured feliably. 121 RELATED PARTY TRANSACTIONS During the year donations amounting to £117,725 were received from a company managed by the Trustees.