Do￿sigN Envek)p8 ID.. C22058EB-95A4-4797-9462-5A24B8BE7507
THE DAVID AND RUTH
BEHREND FUND
UNAUDITED ANNUAL REPORT
& FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST MARCH 2024
CHARITY NUMBER- 261567

Do￿SIgn Envel¢pe ID.. c22058EW95A447g7-9462-5￿4B88E75O7
THE DAVID AND RUTH BEHREND FUND
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024
The Trustees present their annual report and financial statements of the charity for the year
ended 31st March 2024.
The financial statements have been prepared in accordance with Ihe accounting policies set
out in note 1 to the financial statements and comply with the charity's trusl deed, 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 IFRS 1021
OBJECTIVES AND ACTIVITIES
The Trust has been established lo make grants for charitable purposes. Grants are only made
to charities known lo the settlor and unsoliciled applications are therefore not considered.
Public Benefit
In planning the Fund's grant making the trustees have considered the Charity Commission
guidan￿ on public benefit.
Achievements and Performance
Investments have been managed throughoLJt the year by the Investment Managers. with
performan￿ being monitored by the trustees. The Trust has therefore been able to maintain
its level of grant-making.
Financial Review
Income lolalling £62.07512023= £117,030) was received during the year of which £62,075
{2023'. £57,030) was investrnent income. This funded grants of £93,95612023.' £97,183) 10
charitable organisations. Capital investments were valued at £1,820,72612023: £1,722,490)
at the year erld.
Investment Policy and Powers
The trustees have the same full and unrestricted powers of investment in all respects as if il
were the beneficial owner. The investment strategy is set by the trustees and takes account
of recent demands for funds and an assessment of expected future needs {see Reserves
Policy). The investment policy and strategy are reviewed with the investment managers at
regular intervals. The investment objective is lo maintain. overall, the real value of capital
and income.
Risk Management
The main risks to which the charity is exposed as identified by the trustees have been
considered and systems have been established to mitigate those risks.
Reserves Policy
The trust deed permits the spending of capital., the trustees have, however, agreed to relain
the capital for the lime being and to invest it to produce income to make grants. The trustees
are managing the reserves lo balance the needs of current and future beneficiaries. It is not
anticipated that the needs of beneficiaries will diminish over time.

Do￿sign Envek)pe ID.. C22058EB-95A44797-9462-SA24B8BE7507
THE DAVID AND RUTH BEHREND FUND
TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2024
Plans for the Future
The objectives remain unchanged for the future- the intention is for continued investment
management on a consistent basis and distribution of income to charitable organisations.
Structure, Governance and Management
The Trust was established by a Trust Deed dated 17 September 1969 and is administered
by its Gorporate Trustee, Liverpool Charity and Voluntary se￿IceS.
Recruitment and appointment of new trustees
The statutory power of appointing new trustees applies to the Trust Deed. The power of
recruiting and appointing new trustees is vested with the existing trustees.
Name
Charity number
Principal Office
The David and Ruth Behrend Fund
261567
LCVS
151 Dale Street
Liverpool
L2 2AH
A N Behrend
M C Behrend
Liverpool Charity and VolunlarySeNices ILCVS), a corporate
trustee, which is incorporated under the Companies Act as a
cornpany limited by guarantee without share capital as
company number 18175g, a registered charity, number
223485, and a charitable Trust Corporation. LCVS trustees.
who are also ils directors, were as follows during the year.
Sonia Bassey MBE
Mike Thomas
Dorcas Akeju
Sonia Bassey MBE
Maxine Ennis
Ken Perry
John Price
Michael Salla
Louise Scholes
Gemma Shone
James Sloan
Neil John Sturmey
Mike Thomas
Trustees
Trustees
LCVS Chair
LCVS Treasurer
Secretary
Investment Manager
Helen Rotheram
(Appointed 9th May 2023)
Evelyn Partners
Second floor,
Liver Building, Pier Head
Liverpool L3 1 NY

Do¢uSiyn Envtsbp& ID." C22058EB-95A44797_9482.SA24B88E7507
THE DAVID AND RUTH BEHREND FUND
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustees are responsible for preparing a trustees, annual report and 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 charity trustees lo prepare financial statements for each
year which give a true and fair view of the slate of affairs of the charity and of the incoming
resources and application of resources, of the charity for that period. In preparing the financial
statements, the trustees are required lo..
selecl suilable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP.
make judgements and estimates that are reasonable and prudent..
slate whether applicable accounting standards have been followed, subject to any material
departures that must be disclosed and explained in the financial statements.,
prepare the financial statemenls on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy al any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charilies Act 2011, the applicable
Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They
are also responsible for safeguarding the assets of the charity and taking reasonable steps
for the prevention and detection of fraLJd and other irregularities.
Signed on behalf of the Trustee, Liverpool Charity and Voluntary SeNices.
DOE￿81￿nId ty.
Mike Thomas - LCVS Trustee
18/06/2024
Dated:

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE DAVID AND RUTH BEHREND FUND
I report to the trustee on my examinalion of the accounts of The David and Ruth Behrend
Fund I'the charity,) for the year to 31SI March 2024. which are set out on pages 6 to 14.
Responsibilities and basis of report
As the trustee of the charity, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 {'the 2011 Act,).
I report in respect of my examination of the charity's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the appSicable
Directions given by the Charity Commission under section 14515llbl of the 2011 Acl.
An independent examination does not involve gathering all the evidence that would be
required in an audit and consequently does not cover all the mallers that an auditor considers
in giving their opinion on the accounts. The planning and conduct of an audit goes beyond
the limited assurance that an independent examination can provide. Consequently, l express
no opinion as to whether the accounts present a 'lrue and fair view, and my report is limited
to those specific matters sel out in the independent examiner's staterllent.
Independent examiner's statement
I have completed my exarnination. I confirm that no material matters have come to my
attention in connection with the examination giving me reasonable cause lo believe that in
any material respect..
accounting records were not kept in respect of the charity as required by section
130 of the 2011 Act., or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements conceming the form
and content of accounts set out in the Charities (Accounls and Reports)
Regulations 2008 other than any requirement that the accounts 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 mallers in connection with the
examination lo which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Paula Sanchez
Name of applicable listed body.. Association of Chartered Certified Accountants
Relevant professional qualification or body.. ACCA
Date.. 28 June 2024

Docusign Envelope ID.. C22058EB-95A44797-9482-5A24B8BE7507
THE DAVID AND RUTH BEHREND FUND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
Unrestricted Funds
Capital
Funds
2024
Income
Funds
2024
Total
2024
Total
2023
In¢ome from:
Donations
Investments
Noles
60,000
57,030
2b
62,075
62,075
Total income
62,075
62.075
117,030
Expenditure on:
Raising funds
Charitable activities
4,981
4,981
97,310
4,903
100,284
97,310
Total expenditure
97,310
4.981
102,291
105,187
Net income
(35,2351
(4,9811 {40,216)
11,843
Net gainsl{lossl on
investment
103.217
103,217
{57,6811
Net movement in funds
{35,2351
98,236
63,001
{45,838)
Reconciliation of funds..
Total funds brought
fonvard
96,362 1,722,490 1,818,852 1,864,690
Total funds carried
forward
61,127 1,820,726 1,881,853 1,818,852
The notes on pages 8 to 14 fomi part of these accounts.
The nel movement in the funds in the year is derived from the continuing activity of the
charity.

Docusign Envebpe ID.. C22058EB-95A44797-9462-5A24B8BE7507
THE DAVID AND RUTH BEHREND FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
31st March 2024
31. March 2023
Fixed assets
Notes
Investments
1,820,726
1,722,490
Current assets
Debtors
Cash balances
64,481
99,463
64,481
99,463
Current liabilities
Creditors
13,3541
13,1011
Net current assets
61,127
96,362
Net assets
1.881.853
1,818,852
The funds of the charity:
Unrestricted funds
Income funds
Capital funds
61,127
1,820,726
96,362
1.722,490
1,881.853
1,818,852
Approved and authorised for issue by the Trustees and signed on their behalf by
'ty*.i¥Stofl914C-"""
Mike Thomas - LCVS Trustee
18106/2024
Dated:

Do¢uSign Envelop$ ID. C22058EB-95A44797-9482-5A2488BE7507
THE DAVID AND RUTH BEHREND FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES
Basis of Accounting
The accounts have been prepared under the historical cost convention with items
recognised at cost or Iransaclion value unless otherwise stated in the relevant note(sl to
these accounts. The financial statements have been prepared in accordance with the
Statement of Recommended Practi￿.. Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS1021 ISORP 2019) effective from 1 January 2019 and
Charities Act 2011.
The trusl constitutes a public benefit entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Slalement of Cash Flows.
Going concern
At the lime of approving the accounts, the trustee has reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable
future. Thus the trustee continues to adopt the going concern basis of accounting in
preparing the accounts.
Investments
In accordance with Statement of Recommended Practice: Accounting and Reporting by
Charities (SORP 2019), investments held as fixed assets are stated at fair value. Realised
and unrealised gains and losses are dealt with as movements on the Capital Fund.
Investments are valued al the mid-market price on the valuation dale.
Fund accounting
Unrestricted funds are considered 'free' reseNes and are available for use or retention at
the discretion of the Trustees, in accordance with the charity's objectives. Free reserves
are undesignaled funds available for the furtherance of the general objectives of the charity.
Income recognition
Income from investments comprises dividend income and interest and are accounted for
when received in the financial year. Donations are recognised at the earlier of notification
or date of receipt, in the case of the third-paty donations and legacy income when received
by the organisation.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obligation cornmitting the charity to that expenditure, it is probable that selllement will be
required, and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support and
governance costs, are allocated or apportioned to the applicable expenditure headings in
the stalement of financial activities.

Do¢uSign Envelope ID.. C22058EB-95A44797-9462-5A248BBE7507
THE DAVID AND RUTH BEHREND FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
Raising funds costs relate to expenses incurred in the management of the investment
assets. Charitable activities include grant funding, along with associated support costs, to
beneficiaries. These are dealt with in the Statement of Financial Activities when payment
has been approved by the charity. Governance costs relate to Complian￿ with
constitutional and statutory requirements and specifically include all costs incurred by the
charity in producing the Annual Report.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other
short-lerm liquid investments with original maturities of three months or less. and bank
overdrafts.
Financial instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments.
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of ils financial
instruments.
Financial instruments are recognised in the charity's balan￿ sheet when the charity
becomes party lo the contractual provisions of Ihe instrument.
Financial assets and liabililies are offset, with the net amounls presented in the financial
statements, when there is a legally enforceable right to sel off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
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 rale of interest. Fir)ancial assels classified as reTrivable
within one year are not arllortised.
Basic financial liabilities
Basic financial liabilities, including creditors 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 receipts discounted al a market rale of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest
rale method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or
are discharged or cancelled.

Docusign EDvelopB ID". C22058EW95A44797-9462-5A24B8BE7507
THE DAVID AND RUTH BEHREND FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
Taxation
The charity benefits from various exemptions from taxation afforded by lax legislation and
is not liable to corporation tax on income or gains falling within those exemptions. The
charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts
inclusive of VAT.
Critical Accounting Estimates And Judgements
In the application of the charity s accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to
be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised where
the revision affects only that period, or in the period of the revision and future periods where
the revision affects both current and future periods.
2. Income and endowments from..
Income
Funds
2024
Capital
Funds
2024
Total
Total
2024
2023
Donation and legacies
Donations
60,000
b. Investments
Investments dividends and interest
62.075
62.075 57,030
3. Expenditure on charitable activities:
Direct Support& Total Total
Charitable Governance
2024
2023
Expenditure
Costs
To make grants for charitable
purposes.
96,025
1,285 97,310 100,284
io

Do¢uSlgn Envolop¢ ID." C22058EB.9SA44797_9462U24B8BE7507
THE DAVID AND RUTH BEHREND FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
ST
Analysed as follows..
2024
2023
Direct charitable expenditure..
Grant funding
Grant making administration costs
LCVS
93,956
97,183
2,069
1,901
96.025
99,084
2024
2023
Support & Governance costs."
Administration - LCVS
Independent examination
1,035
250
950
250
1,285
1,200
Total expenditure on charitable
activities
97,310
100,284
li

DO￿$19M Envelope ID.. C22058EB-95A44797-9462-5A24B8BE7507
THE DAVID AND RUTH BEHREND FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
The following grants were made during the year:
Grants of £1,000 and over
Ariel Trust Ltd
Birkenhead Youth Club
British Refugee Council
Charles Thompsons Mission
Croxteth And Gillmoss Community
Daisy Inclusive UK
East Liverpool Riding for The Disabled
Feeding Birkenhead
Freedom From Torture
KIND
Knowsley Disability Concern
LCVS Everyday Changes Fund
Liverpool Arabic Centre
Mango Tree Orphan Support Prog
MICAH
Merseyside Holiday Service
North Liverpool Foodbank
Osun Arts Foundation
Personal Success
2,500
1,050
1,562
2,000
2,500
1,601
1,500
2,000
1,400
1.250
1,644
8,400
1,760
1,050
2.000
1,400
2,000
2,500
2,100
1,400
1,050
1,400
1,610
1,400
2,520
1,050
1,400
2,000
2.500
1,791
5,000
1,050
1,500
1,900
1,310
1,920
1,050
1.800
2,000
1,050
pss
Refugee Action
Salvation Army
Sanctuary Family Support
Save The Children
Scrapyard Studios CIC
Shaflesbury Youth Club
Shelter
South Liverpool Foodbank
Split Perspectivz CIC
Sl Andrew's Community Network
St Elizabeth's PCC
St Johns Hospi￿ Wirral
The Crossanl Of Inequalily CAF
The Halle O'brien CIC
The Hive Wirral Youth Zone
The Positivitree
Viking Centre & Youth Club
Wigzee Woo CIC
Wirral Foodbank
World Mission
76,918
12

Docusign Envek)pe ID.. C22058EB-95A44797-9462ffjAE4B8BE7507
THE DAVID AND RUTH BEHREND FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
Subtotal
Olher grants
76,918
17,038
93,956
4. Fixed Asset Investments
2024
2023
Quoted Investments:
Market value al 151 April 2023
Disposal proceeds
Acquisitions al cost
Realised gainslllossesl on investment assets
Unrealised gainsl{losses) on investment
assets
{Decreasel/increase in cash held by
Investrnenl Manager
1,722,490
(283,017)
283,017
703
1,786,011
{160,8211
149,857
87,351
{142,8311
102,514
14,9811
2,923
Market Value at 31st March 2024
1,820.726
1,722,490
Book Value at 31st March 2024
1,240,820
1,245,098
Fixed assel investments are managed by Evelyn Partners and are held in custodianship, in
an account designated for clients, registered in the name of a nominee company lo the order
of Pershing Securities Limited.
At the 31, March 2024 the following investments were valued at more than 5 % of the total
market value of the investments..
Legal and General US Index Trusl
Stewart Investors Asia Pacific
31 Group
120,118
70,553
154,534
10.0
5. Debtors
There were no debtors during ihe year end 31 sl March 202412023.. £nil}
6. Creditors
2024
2023
Administration
LCVS
Independent examination fee
3,104
250
2,851
250
3,354
3,101
13

Docusign Env8lopÈ ID." C22058Ee.9SA44797_9462_5A2488B&7507
THE DAVID AND RUTH BEHREND FUND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
7. Unrestricted Funds
Income Fund.. Inveslment income and donations received for distribution as grants lo
charitable voluntary organisations.
Capital Fund.. Funds held provide income for the ongoing activities of the Irusl.
8. Related Party Transactions
Charitable activities.. these include £2,06912023= £1,901) grant making administration costs
payable to LCVS. Support and governan￿ costs include £1,035 {2023.' £9501 total £3,104
12023.. £2,851) payable to LCVS in respect of accountancy and trust administration which
is included in creditors at the year end.
LCVS is related to the Trust by virtue of being the corporate trustees.
14