DSign Envdope It).. 9152A3D&740B400&84DO.22t)SF4A626D3 THE DAVID AND RUTH BEHREND FUND ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED ST 31 MARCH 2025 CHARITY NUMBER- 261567
Docusign Envelope ID. 9152A3DG740B4oD&84D22DsF4A6?6D3 THE DAVID AND RUTH BEHREND FUND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 ST The Trustees present their annual report and financial statements of the charity for the year ended 31, March 2025. 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 trust 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 {FRS 1021 OBJECTIVE, AND ACTIVITIES The Trust has been established to make grants for charitable purposes. Grants are only made to charities known to the settlor and unsolicited applications are therefore not considered. Public Benefit In planning the Fund's grant making the trustees have considered the Charity Commission guidance on public benefit. Achievements and Performance Investments have been managed throughout the year by the Investment Managers, with performance being monitored by the trustees. The Trust has therefore been able to maintain its level of grant-making. Financial Review Income totalling £129,04812024'. £62,075) was received during the year of which £65,893 (2024.. £62,075) was investment income. This funded grants of £88,710 (2024.. £93,956) to charitable organisations. Capital investments were valued at £1,826,995 (2024.. £1,820,726) at the year end. Investment Policy and Powers The trustees have the same full and unrestricted powers of investment in all respects as if it were the beneficial owner. The investment strategy is set by the trustees and takes account of rent 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 to 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 retain the capital for the time being and to invest it to produce income to make grants. The trustees are managing the reserves to balance the needs of current and future beneficiaries. It is not anticipated that the needs of benefi'ciaries will diminish over lime.
DocSign Envdope ID.. 9152A3JC.7AO8400&84DO.22DSF4A626D3 THE DAVID AND RUTH BEHREND FUND ST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 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 corporate Trustee, Liverpool Charity and Voluntary Services. Recruitment and appointment of new trustees The stalutory power of appointing new trustees applies to the Trust Deed. The power of recruiting and appointing new trustees is vested with the existing Irustees. Name Charity number Prtncipal Office The David and Ruth Behrend Fund 261567 LCVS 151 Dale Street Liverpool L2 2AH A N Behrend M C Behrend Liverpool Charity and Voluntary Services (LCVSI, a corporate trustee, which is incorporated under the Companies Act as a company limited by guarantee without share c8Pltal as company number 181759, a registered charity, number 223485, and a charitable Trust Corporation. LCVS trustees, who are also its directors, were as follows dLtring the year. Sonia Bassey MBE Mike Thomas Dorcas Akeju Sonia Bassey MBE Maxine Ennis Anna James Dr Hardamanjil R Kaur Ken Perry John Pri Anne M Reading Michael Salla Louise Scholes Gemma Shone James Sloan Neil John Slurmey Mike Thomas Trustees Trustees LCVS Chair LCVS Treasurer (Appointed 17th October 2024) (Appointed 17th October 2024} nd (Resigned 2 September 20241 (Resigned 4th November 2024) (Appointed 17" October 2024} (Resigned 30. June 20241
tkuslgn Enwelope ID. 91S2A3D&740840W84DO-22DSF4A626D3 THE DAVID AND RUTH BEHREND FUND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 ST Secretary Investment Manager Helen Rotheram Evelyn Partners Second floor. Liver Building, Pier Head Liverpool L3 1 NY 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 to prepare financial statements for each 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 period. In preparing the financial statements, the trustees are required to.. select suitable 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., • state 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 statements 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 at any time the financial position of the charity and to enable them to ensure that the fi'nancial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports} Regulations, and Ihe provisions of the Trust deed. They are also responsible for safeguarding the as8et8 of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Trustee, Liverpool Charity and Voluntary Services. Dtr¢usFJD*dtyY'. Mike Thomas - LCVS Trustee 14/07/2025 Dated:
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DAVID AND RUTH BEHREND FUND I report lo the trustee on my examination of the accounts of The David and Ruth Behrend Fund ('Ihe charity,) for the year to 31st March 2025, which are sel 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 applicable Directions given by the Charity Commission under section 145 (5){b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and condLJCt 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 'true and fair view, and my report is limited to those specific matters sel out in the independent examiner's statement. Independent examinevs statement I have completed my examination. l confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to 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 concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ihan 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 matters in connection with the examination to which attention should be drawn in Ihis report in order lo 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.. 21 July 2025
Dogn Envelope ID". 9fj52A3DC.740B4084D22DSF4A626D3 THE DAVID AND RUTH BEHREND FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 ST Unrestricted Funds Capital Funds 2025 Income Funds 2025 Total 2025 Total 2024 Income from: Donations Investments Notes 2a 2b 63,155 65,893 63,155 65,893 62,075 Total income 129,048 129,048 62,075 Expenditure on: Raising funds Charitable activities 4.981 97,310 92.355 92,355 Total expenditure 92,355 92,355 102,291 Net incomel{expenditurel 36,693 36,693 {40,216 Net gainsllloss) on investment 6.269 6,269 103,217 Net movement in funds 36,693 6,269 42,962 63,001 Reconciliation of funds.- Total funds brought fonNard 61,127 1,820,726 1,881,853 1,818,852 Total funds carried forward 97,820 1,826,995 1,924,815 1,881,853 The notes on pages 8 to 14 form part of these accounts. The net movement in the funds in the year is derived from the continuing activity of the charity.
Doeusign Envel(y ID. 9l52A3Dts740B4Os4Do.22DsF4A626D8 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ST St 31 March 2025 31st March 2024 Fixed assets Notes Investments 1,826,995 1,820,726 Current assets Debtors Cash balances 101,465 64,481 101,465 64,481 Current liabilities Creditors 13,6451 (3,354) Net current assets 97,820 61,127 Net assets 1,924,815 1,881,853 The funds of the charity: Unrestricted funds Income funds Capilal funds 97,820 1,826,995 61,127 1,820,726 1,924,815 1,881,853 Approved and authorised for issue by the Trustees and signed on their behalf by iddff Mike Thomas - LCVS Trustee 14107/2025 Dated: .....................
Docuwgn EnveloKe ID.. 9152A3Dc-74OB4th)8.84D22osFAA62GD3 THE DAVID AND RUTH BEHRENO FUND ST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES Basis of Accounting The accounls have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) lo these accounts. The financial slalements have been prepared in accordance with the Statement of Recommended Practice.. 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 20191 effective from 1 January 2019 and Charities Act 2011. The trust 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 Ihese financial statements are rounded to the nearest £. The Chaiity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going ¢oncern At the lime of approving the accounts, the trustee has reasonable expectation Ihal the charity has adequate reserves 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 Charilies (SORP 2019), investments held as fixed assets are stated at fair value. Realised and unrealised gains and losses are deall with as movements on the Capital Fund. Investments are valued at the mid-market price on the valuation date. Fund accounting Unrestricted funds are considered 'free' resetves and are available for use or retention al the discretion of the Trustees, in accordance with the charity's objectives. Free reserves are undesignated funds availabSe 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-party donations and legacy income when received by the organisation. Expenditure recognition Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation committing the charity lo that expenditure, il is probable that settlement 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 statemenl of financial activities.
DoSigN Envelope ID". 9152A3DC-7408-40o&84D22osF4A6263 THE DAVIDAND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 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 compliance with cor)slitutional and statutory requirements and specifically include all costs incurred by the charity in producing the Annual Report, Cash and cash equrvalents Cash and cash equivalents include cash in hand, deposils held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther 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 inslrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforable right to set off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and settle Ihe 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 al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as re1vable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction pri unless the arrangement conslitutes a financing transaction, where the debt instrument is measured at the present value of the future reiptS discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
DO(g Envelope ID. 9152A3D&740B-4008-84W22D5F4A626D3 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ST Taxation The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable lo 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 lo 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. In the preparation of these accounts no critical accounting estimates or judgements were applied. 2. Income and endovnnents from: Income Funds 2025 Capital Funds 2025 Total Total 2025 2024 a. Donation and legacies Donations 63,155 63,155 b. Investments Investments dividends and interest 65,893 65,893 62,075 3. Expenditure on charitable activities: Direct Support& Total Total Charitable Governance 2025 2024 Expenditure Costs To make grants for charitable purposes. 90,907 1,448 92,355 97,310 io
D¢Gusign Envebpe10.' 9152A3t)C-740B-4006-84DO-22DSF4A626D3 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ST Analysed as follows: 2025 2024 Direct charitable expenditure.. Grant funding Grant making administration costs - 88,710 2,197 93,956 2,069 LCVS 90,907 96,025 2025 2024 Support & Govemance costs." Administration - LCVS Independent examination 1,098 350 1,035 250 1,448 1,285 Total expenditure on charitable activitios 92,355 97,310 li
Dogn Envelope ID.. 9152A3DC-740B400844DQ22D5F4A626D3 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 The following grants were made during the year.. Grants of £1,000 and over Beechley Stables Rda Birkenhead Youth Club British Refugee Council Charles Thompsons Mission Equilibrium North West CIC Feeding Birkenhead Freedom From Torture Heart4refugees Kensington Community Lc CIC Kind Koala North West LCVS Everyday Changes Grant Liverpool Cancer Care Self Help Mango Tree Orphan Support Prog Merseyside Holiday Micah Liverpool Movema North L,Pool Foodbank Olcotwish Open Door Charity Pss Refugee Action Salvation Army Save The Children Shaflesbury Youth Club Shelter Soul Sisters South Liverpool Foodbank Southport African Caribbean Ha The Inclusion Network CIC The Thinker Hub CIC Vauxhall Community Law & Information Wiking Centre & Youth Club Wirral Foodbank Wirral Hospice St John's World Mission 2,500 1,050 1,750 2,240 1,920 2,240 1,400 2,500 1,500 1,400 2,500 8,400 2,500 1,050 1,400 2,240 2,500 2,240 1,500 2,500 1,400 1,050 1,400 1,400 1,050 1,400 2,500 2,240 1,600 2,500 2,500 2,500 1,050 2,240 1,050 1,050 72,260 16,450 Grants under £1,000 88,710 12
Docusign Envelope ID.. 915?Dc-74o&40084D0.?2[)SF4A62sD3 THE DAVID AND RUTH BEHREND FUND ST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 4. Fixed Asset Investments 2025 2024 Quoted Investments: Market value at 1 sl April 2024 Disposal proceeds Acquisitions at cost Realised gains on investment assets Unrealised Ilossesllgains on investment assets Increaselldecrease} in cash held by Investment Manager 1,820,726 11,095,304) 1,089,311 456,828 (447.572) 1,722,490 1283,017) 283,017 703 102,514 3,008 {4,981 } st Market Value at 31 March 2025 1,826,995 1,820,726 Book Valug at 31 March 2025 1,240,820 1,240,820 Fixed asset 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 to the order of Pershing Securities Limited. At the 3151 March 2025 none of the portfolio investments were valued at more that 5 /0 of the total market value of the investments. S. Debtors There were no debtors during the year end 31, March 2025 {2024'. £nil) 6. Creditors 2025 2024 Administration- LCVS Independent examination fee 3,295 350 3,104 250 3,645 3,354 7. Unrestri¢ted Funds Income Fund.. Investment income and donations received for distribution as grants to charitable voluntary organisalions. Capital Fund.. Funds held provide income for the ongoing activities of the trust. 13
Dwsion Envelop8 ID." 9152A3DC-740B.4(X)844Dlk22DSF4Ae26D3 THE DAVID AND RUTH BEHREND FUND ST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 8. Relatsd Party Transactions Charitable activities.. these include £2,197 {2024'. £2,069) grant making administration costs payableto LCVS. Support and governance costs include £1,198 (2024. £1,035) total £3,395 12024.. £3,104) payable lo LCVS in respect of accountancy and trust administration which is included in creditors at the year end. LCVS received a donalion to Everyday Changes Grant of £8,400 {2024.' £nil) LCVS is related to the Trust by virtue of being the corporate trustees. 14