Doc%isign Envelope ID." e81DE5C>tyDAF94BE48N¥21CD50COF8F6 THE DAVID AND RUTH BEHREND FUND ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2026 CHARITY NUMBER- 261567
Docusian Envelope ID". C81DE5D&DAF¥8BE4800E-21CDSI¢OFBF6 THE DAVID AND RUTH BEHREND FUND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2026 The Trustees present their annual report and financial statements of the charity for the year ended 31$1 March 2026. 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 102) OBJECTIVES 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 Perfomiance Investments have been managed thioughout 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 £175,429 (2025.. £129,048) was reIVed during the year of which £52,274 (2025_. £65,893) was investment income. This fur)ded grants of £94,959 {2025'. £88,710) 10 charitable organisations. Capital investments were valued at £2,056,860 (2025.. £1,82S,995) at the year end. Investment Policy and Powers The trustees have the same full and unrestricted powers of investment in all respects as rf it 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 inteNals. The investment objeclive 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 syslems 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 anticipaled that the needs of beneficiaries will diminish over time.
Dwsign Envelope ID.. CBIDESDGDAFS88E4-800E-21CD50COF8F6 THE DAVID AND RUTH BEHREND FUND TRUSTEES, REPORT FOR THE YEAR ENDED 315T MARCH 2026 Plans for the Future The objectives remain unchanged for the future., the intention is for continued investment anagement on a consistent basis and distribution of income to charitable organisations. Structure, Governance and Management The Trust was established by a Trust Deed dated 17th September 1969 and 15 administered . by its corporate Trustee, Liverpool Gharity and Voluntsry Services. Recruitment and appointment of new trustees The statutory power ot 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 Voluntsry Services (LCVS), a corporate trustee, which is incorporated under the Companies Act as a company limited by guarantee wtthout share capital as company number 181759, a registered charity, number 223485, and a charitable Trust CoFporalion. LCVS trustees, who are also its directors, were as follows during the year. Sonia Bassey MBE (Resigned 5th January 2026) Mike Thomas Dorcas Akeju Sonia B2ssey MBE ChristDpher D Colwell Maxine Ennis Anna James Dr Hardamanjit R Kaur Anne Reading Michael Salla Louise Scholes Gemma Shone James A Sloan Mike Thomas Trustees Trusteas LCVS Chair LCVS Treasurer (Resignad 3rd Dember 2025) {Resigned 5tn January 2026) (Appointed 3rd June 2025) rd (Resigned 23 February 2026) (Resigned June 2025} st (Resigned 31 March 2026)
Docusign Envelope ID.. CBIDE5DC-DAFUBE44QOE-21CD50COFBF6 THE DAVID AND RUTH BEHREND FUND TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2026 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 Irue and fair view of the state of affairs of the charity and Df the incoming reSourS and application of resources, of the charity for that period. In preparing Ihe financial statements, the truslees 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 h8ve been followed, subject to any material departures that must be disclosed and explained in the financial statements., prepare the financial statements on the gDing conrn 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 financial statements comply wlth 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 fraud and other irregularities. Signed on behalf of the Trustee, Liverpool Charity and Voluntary Services. gRBWaPsiklAts............... Mike Thomas - LCVS Trustee 05 June 2026
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DAVID AND RUTH BEHREND FUND I report to the Irustee on my examination of the accounts of The David and Ruth Behrend Fund ('the charity,) for the year to 31 SL March 2026, 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 accordan 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 exarnination I have followed all the applicable Directions given by the Charity Commission under section 145 (5)Ib) 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 2nd conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequenlly, l express no opinion as to whether the accounts present a 'true and fair view, and my report is limited to those specific matters set out in the independent exarninei's statement. Independent examiner's statement I have completed my examination. I confimi 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 kepl in respect of the charty 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 aecounls 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 matters in connection with the examination to 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= 171612026
D<KuSAgn Env4¢p6 ID. C8IDE5tK-DAFg4BE4800E-21CD50COFBF6 THE DAVID AND RUTH BEHREND FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2026 Unrestricted Funds Capital Funds 2026 Income Funds 2026 Total 2026 Total 2025 Income from: Donations Investments Notes 2a 2b 123,155 51,994 123,155 52,274 63,155 65,893 280 Total income 175,149 280 175,429 129,048 Expenditure on: Raising funds Charitable activities 8,731 8,731 97,819 97,819 92,355 Total expenditure 97,819 8,731 106,550 92,355 Net incomellexpenditure} 77,330 18,4511 68,879 36,693 Net gains on investment 238,316 238,316 6,269 Net movement in funds 77,330 229,865 307,195 42,962 Reconclliation of funds.. Total funds brought fonmard 97,820 1,826,995 1,924,815 1,881,853 Total funds carried forward 175,150 2.056,860 2,232,010 1,924,815 The noles 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.
DopA5sign Envelops ID. C8IDESDC-DAF9-8BE4800E-21CD50COFBF6 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026 31$t March 2026 31st March 2025 Fixed assets Notes Investmenls 2,056,860 1,826,995 Current assets Debtors Cash balances 178,010 101,465 178,010 101,465 Current liabilities Creditors 12,860) (3,645) Net current assets 175,150 97,820 Net a55ets 2,230,010 1.924,815 The funds of the charity: Unrestricted funds Income funds Capital funds 175,150 2,056,860 97,820 1,826,995 2,230,010 1.924,815 Approved and authorised for issue by the Trustees and signed on their behalf by Docu5IiDtdby'. Mike Thomas - LCVS Trustee Daled: 05 June 2026
Envelope ID.. CBIDE5DC-DAF9-8BE4-8QOE-21CDSOCOFBF6 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 1. ACCOUNTING POLICIES Basis of Accounting The accounts have been prepared under the historÈcal cost convention with items recognised at cost or transaction value unless othenmise stated in the relevant notels) to these accounts. The financial statements have been prepared in accordance with the Stalement 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 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 these financial statements are rounded to the nearest £. The Charity has taken advantage ofthe provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash Flows Going concern At the time of approving the accounts, the trustee has reasonable expectation that the harity has adequate reserves to continue in operational existence for the foreseeable future. Thus the trustee Conlinues to adopt the going concem basis of accounting in preparing the accounls. Investments In accordance with Ststement 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 wtth as movements on the Capital Fund. Investments are valued atthe mid-market price on the valuation date. Fund accounting Unrestricted funds are considered 'free' reserves and are available for use or retention at the discretion of ihe Trustees, in accordance with the charity's objectives. Free reserves are undesignated 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 retsived in the financial year. Donations are recognised at the earlier of notification or date of receipt, in the case ofthe third-party donations and legacy incomewhen reIVed by the organisation. Expenditure recognition Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation committing the charity to that expenditure, it 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 statement of financial activities.
Dowsign Enveiopa ID". C81DE5D&DAFUBE4-800E-21CD50COFBF6 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026 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. Governan costs relate to Complian with CDnstitutional 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-term liquid investmenls with original maturities of three months or less, and bank overdr2fts. 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 balan sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when Ihere is a legally enforceable right to set off the recDgnised 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 induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangemenl constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of intèrest. Financial assets classified as receivable within one year are not amortised. Basic finaneial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debl instrument is measured at the present value of the future receipts discounted at a market r2te 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 canlLed.
Docusign Envelope ID.. CBIDE5DC-DAF¥8DE44OOE-21CD50COF8F6 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31- MARCH 2026 Taxation The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corpar£tion 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 Ihe 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 estirnates and underlying assumptions are reviewed on an on-going basis. Revisions to accountin9 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 crilical accounting estimates or judgements ware applied. 2. Income and endowments from: Income Funds 2026 Capital Funds 2026 Total Total 2026 2025 Donation and legacies Donations 123,155 123,155 63,155 b. Investments Investm8nts divid8nds and interest 51,994 280 52.274 65,893 3. Expenditure on charitable activities: Analysed as follows: 2026 2025 D1ct Gharitable expenditure.. Grant funding Grant making administration costs - LCVS 94,959 1,643 88,710 2,197 96,602 90,907 io
DO$10n Envdore ID.. C81DE5D¢-DAFW6BE4-8oaE-21CD50COFBF8 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026 2026 2025 Support & Govemance costs." Administration - LCVS Independent examination 822 395 1,098 350 1,217 1,448 Total expenditure on charitable activities 97,819 92,355 li
DDwsign Envebpe ID. C8%DE5DC.DAFW8ÈE&8OOB21CNOCOFBF6 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026 The following grants were made during the year." £85.970 to charities and £8,989 to organisations. Grants of £1,000 and over A? Heatth And Nutrition Barnstondale Centre Birkenhead Youth Club Brighter Living Partnership British Refugee Couricil Charfes Thompson5 Mission Evolve Tackling The Impact Failhs4chang Fc Kirkby Feeding Britain Freedom Frorn Torture Irish Communty Gare Kind lfjndred Minds LCVS Everyday Changes Fund Mango Tree OrphÈn Support Merseyside Holiday Service Micha LTverpool Mind 8alanee Solutlr>ns CIC Mindset Mattels CIC NOlS Green Community Alliance North LivEipooI Fwdbank Numeracy 4 All Ltd pss Refugee Action River Of Lrfe CIC Salvation Army Save The Children Shaftesbury Youth Club Shelter So>ulh Liverpool Foodbank Talking English CEC Viking Centre & Youth Club (Bi Wirral Foodbank Wirral Ho¥spice St Johns World Mission 2,450 2.500 f.125 2,500 1,870 2,390 2.500 2,500 2,500 2,390 1.500 2.500 1,500 2.500 8.980 1,125 1,500 2.390 2.50C) 2,500 2,500 2,390 2,500 1.500 1,125 2,312 1,50D 1,500 1,125 1,500 2,39Q 1,677 1,125 2,390 1,125 1,125 Grants under £1,000 77,504 17,455 94,959 12
DaSIgn Envelope ID.. CB1DE5D&DAF94BE4800E-21CD50COFBF6 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31- MARCH 2026 4. Fixed Asset Investments 2026 2025 Quoted Investments: Market vslue at 1st April 2025 Disposal prOed$ Acquisitions at cost Realised gains on investment 88sets Unrealised gainsl(losses} on investment assets Increase in cash held by Investment Manager 1,826,995 1,820,726 (327,798) (1,095,304) 315,789 1.089,311 95,270 456,826 143,046 (447,572) 3,558 3,008 Market Value at 31st March 2026 2,056,860 1,826.995 Book Value at 31$t March 2026 1,240,820 1,240,820 Fixed asset investments arè 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 Limiled. At the 319t March 2026 none of the portfolio investments were valued at more than 5 % of the total market value of the investments. S. Debtors There were no debtors during the year end 3151 March 202612025.. £nil) 6. Creditors 2026 2025 Administration - LCVS Independent examination fee 2,465 395 3,295 350 2,860 3,645 7. Unrestricted Funds Income Fund.. Investment income and don?tions received for distribution as grants to charitable voluntary organisations. Capital Fund.. Funds held provide income for the ongoing activities of the trust. 13
Dwuwgn Envelope ID." CBIDE5DC-DAF9-8BE4800E-21C050¢0FBF6 THE DAVID AND RUTH BEHREND FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2026 8. Related Party Transactions Charitable activities-. these include £1,643 (2025= £2, 197) grant making administration costs payable lo LCVS. Support and governance costs include £94212025.. £1,198) lotal £2,585 {2025.' £3,395) payable to LCVS in respect of accountancy and trust administration which is included in creditors at the year end. LCVS received a donation to Everyday Changes Grant of £8,980 (2025.. £8.4001 LCVS is related to the Trust by virtue of being the corporate trustees. 14