DAVI&RUBENS CHAIUTABLE TRUST TRusfEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Page I IDdei Pge 2 Referen¢¢ nd AdmlnLq¢ratlve IDforniatlon P#8e$ 3&4 TNste¢s' Rew)rt Pag¢ 3 IndtptDd¢4t Exminer'$ Report ge 6 Slatem¢Dt of FlnaDclal Ac¢lvitleJ ge7 Balall¢e Sheet Pge8 &15 ot¢s to tht Finan¢il Sttements
DAVI&RUBENS CHARrrABLE TRusr Crtsted by Deed dated 9 December 1971 Registered CbArity 263662 REFERENCE AND ADMIKfsTRATIVE INFORMATION TrUSTEES Giles TTiStan Rubens Edward Benjamin Parnell Checkley BANKERS Catcr Allen Private Bank 9 Nelson Street Bradford BDI SAN INVESTMENT MANAGERS Rathb)nes Investment Management 8 Finsbury Circus )ndon EC2M 7AZ INDEPENDENf EXAMINER G & W Tax Consultsnts 40 Vellaco¢ts Chelmsford CMI 7EB
DARuBENs CHARITAJLE TRUST TRusfEES' REPORT The Tte present their Rep(fft and Financi Ststements forthe year endeAI 5 April 2024. REFERENCE AND ADMINISTRATIVE INFORMATION De¢&ils are shown on Fose 2. STRucfuRE GOVERNANCE AND MANAGEME Governlng 1)ocument The Trust w&$ created by Mr Henry Davis by D¢ed on 9 D¢c¢mkr 1971 and paid the sum of £10 to the TnLslees. On 19 January 1972 Mr Davis made a gift of cash amounting to £10.155.55 to the Trustees. On 31 January 1972 Mr Davis made a furt gift of omouoting to £2.629.36 to the Trustees. In March 2001 the Trustees of the Frank & EDid Rubens Highgale Trust IRegisteroJ Chllrity Number 272139) gifted all their assets to the Charity. The total value of the ets tf8fL8fertrd w&8 £155,710. Th¢ nam¢ of th¢ Trust ¢han8oa from the Lily & Henry Davis Charitsble FOundlOn to the DavAs- Rubens Charitsble TnL8t by D¢¢d dat¢d 10 January 2(M)2. Appointment of Truste When a need arises the power of app)inting new TnLtt v¢sts with the TnLs*es at that time. Risk MaDagemeDt The major risks to which the Tnt is expose4 as identified by tr Tnrt hAve b¢¢n reviewed and systcms are in pl¢ io manag¢ those risks. OBJECllVES AND A1VITIEs Th¢ Obj¢ctive$ of the Trst are s¢t out in CI8u5e 3 of the T De•J which ststes that the Trustees shall hold the Trust Fund and the income thereof upon trust firstly to pay there from a]1 the proper costs and expenses incurrtd by the Trustees in administering the Trust and the property thereof and subject thereto to pay or apply the income themf and such part of the capitsl thereof as the Trustee$ sh1 in their absolute discretion from time lo time think fit to or towards or for the advancemeni of or in fiJrther8n¢¢ of s Charitsble Purposes or Charitable Institutions and in such proportions as the TnteeS may from time to tim PUBLIC BENEFIT In meeting the objectives of the TrtL%t th¢ Trustees have giv¢n wefu] conSide10n to the chlty Commission's genernl guidance on public irnefit and are Satisfi that all donations made meet this guidanc¢. ACHIEVEMENTS AND PERFORMANCE The Tntee5 have continued to apply their funds in accordance with the objectives of the Tn and the other provisions of the Tn Deed. DonatiOL8 totalling £313(M) (2023: £28.41y)) have be made in restKd of the year. FINANCIAL REVIEW The results for th¢ year are Shown on pa8e 6. The TnLStees are satisfied with the state of th¢ ThL¢s affairs.
DAVI&RtIBENS CHARITABLE TRUST TRUSTEES, REPORT coiYfiNUED INVESTMENTS The investsn¢nts are managed by Rathbon¢s Investment Management on a Dis¢retion8ry basis. The invesbnent objectives 8r¢ balanced aThJ the risk l¢v¢l is tnedium. RESERVES POLICY The Tn$ Reserves aTe held L8 Unrestrided Funds which the TntteS regard as expendable endovmi¢nl. It is the Tntstees, policy to n1nlD and wherever FKtssible to incr¢ase its value. so &8 to generate income to make ryits in accordance with the objectives of the TrusL PLANS FOR YirruRE PERIODS The Trst¢eS intend to continue to support chatities within the objectives and there are no immediate plans to al the way in whith the T is nor the way in which income is expended. STATEMENT OF THE TRUSTEES, RESPONSIBILITILS Charity Law requires the Tnle¢S Io Prepare Financial Ststements for each financia] year which give a true and fair view of the TnLsfs fuwi¢i81 a1VItieS during the ye8r and of its financial position at the end of the year. In F(ep8ring those Financia] Statements, the Tr8¢$ aff required io: - select suitsble aceL)unting li¢l¢S and then apply them cL)nsistently - rnake judgements and cstimas that are reasonable and prudenl - stale whether the pol1r1 arc in accordance with applicable accounthg standards: prepare ihe Financial Ststements on the going concern basis uniess it is irw)propriate to presume that the Tn will ¢4)ntin in operatii)n. Th¢ are reswLsible for keeping proper ItUnting records which disclose with reasonable accuracy at any titne the financial p)sition of the TnL%t and which enable them to ensure that the Financial st8ments comply with the Charities Act 2011. They are also resnSIble for saft8uardin8 the &ssets of the Tftl and hence for tsking reasonable • for the prevention and detection of fraud and other irregulariti¢& Appmed by the TnEStees sign¢d on their bchftlf ty. Gl1¢4 Trl8¢An Rub¢ns Trustee Dats: Febrnry 2025
INDEPENDENT EXATrIINER'S REPORT TO THE TRusfEES OF DAVI&RUBENS CHAIUTABIE TRUST We report on the Financial Statements of the Davis-RubeL8 Charitable Trst for the year ended 5 April 2024. which are set out on pages 6 to 15. RESPEcfivE RESPONSIBILITIES OF TRUSTELS AND EXAMINER The Truste&s are responsibl¢ for the PTeparation of the Financial StateMts. The Trustees consider that an audit is not required for the year under Wion 144(2) of th¢ Charitiefj ArA 201 I (the 2011 Act) and that an itependent examination is neede<L It is our reswnsibility to- - examine the FirwAciai Statements utth seL*kon 145 of the 201 IACL . to follow the procedures laid down in the 8enernl Directions given by the Charity Commission der section 145(SXb) of the 2011 A and . to slal¢ whether p8rti¢ular tnatters have come to our attentio BASIS OF INDEPENDENT EXAMINER'S REPORT Our examination was carried oul in accordancc with the 8trnI Directions givcn by th¢ Charity Con)D]ission. An examination i1eS a review of the accounting records kept by the Tnl and a comparison of the Financial Sfat¢m¢nts presented with those recLJrds. It also includes consideration of any unusual item$ or disc105ure5 in th¢ Financial Statements. and seeking explanations from you as Trust¢es concerning any such mallw5. The prc¢wJures LU)dertaken do not provide all the evidence that would be required in an audil and cotwuendy Th) opinion is given as to whether th¢ Financial Statements present a'trne and fair view and the ryrt is limited to those matters set out in the ststement below. INDEPENDENT EXAMINER'S STATEME In connection with our exwDlnatio no matter has c4)me to our attention: (l) whi¢h gives us reasonable cause to believe that in any material the requirem¢nts: - to keep accounting recc(th in cOrd3nce with seAi(ffi 130 of the 2011 ACL and . to prepaTe Financial Statements which accord with the accouw ¢(dS aTrl comply with the accounting requirements of the 2011 Ad. have not tttn met. or (2) to whicRL in our opinioo attention should be drawn in order to enable a proper understanding of the Financial Ststements w be rhl G & W Tax Consultants 40 Veliacotts Chelmsford Essex CMI 7EB Date: Febrnary 2025
DAVRuBENs CHARITABLE TRUST STATEME OF FANCIAL AcrivrnLs Forthe yer e•dod 5 Aprfj 2024 Note 2023 INCOMING RESOURCES Investing Artivitie Inv&8knent Ineom¢ 2A415 1,079 150 21,899 815 Ex.gT8¢ia payment from konk TOTAL INCOMINC RESOiJRCL8 27.644 714 RESOURCES EXPENDED Cost of Genertitt8 FuDd¥ Invcstment M8na8ement F¢e8 Charitabh EipeDditu Di8tribution5 to Charities GovernADtt Cojts 9217 8,915 32.3C 28.41 .975 1,975 53 Bgnk S¢ryic¢ Fe¢ TOTAL RESOURCES EXPENDED Net (oHt80th81 r¢4wr¢4s Net Gaitts on Jtivestmcrti AMtA# in year (15.894) 105.662 (16,629) 32.745 89,768 16.116 Unrntrltted FKDds Ito Apru 2023 br•uibt forwArd 1273.596 1257.480 Unrestrltted FMDds •t5 Apru 2024 ¢*rrltd forwArd £1363 364 £1273 596
AVR[rBErls CHARITABLE TRUST A¢ 5th Awil 2024 2023 Note INVESTMEKrs 35.067 09.664 CURRENT ASSETS Baianc¢s w Bmk & Man•4tt9 D¢blS 30.272 94.307 30.272 94.307 1.975 30,375 NET CURRENT ASSETS £1363 364 £1273 596 Reprt4¢nOn8:" £1363 364 £1273 596 Approved bytheTntsrees on G T Rubens TrM¢¢# E B P Checkley
DAVI&RUBENS CHARifABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the year eDded 5 April 2024 I. ACCOUNTING POLICIES () Basis of AceouDthig The Financial Statements have been prerAred under the historical cost convention with the exception that investments are Valu at market value. The Finan¢iai Statements are in accordance with appli¢able accounting St the Ststement of Recommended Practic£.' Accounting and Reporting ty Charities {SORTr 2005) alld comply with the Charities (Accounts and Reports) Re8u]8tions is81 under the Chatitie5 Act 2011. (b) Income Income is accounted frr on #n ¢lS b&8is. Inve5ttnent income and interest are accounted for when receivable and include any relateAJ in¢ome t&x recoverabl¢. Expendltsre (¢) EXrnd7ture is reCOlS¢d on an accrua]s b&%is. Invegtments (d) Quoted investhients have been Valu at market value at the Balance Skttt date. Unrealised and realised investm¢nt gains and lossts are shown net in the Siatement of Firkancial Activities. Realised gains and losses are calcu]ated by reference ¢0 the original e451 and the sale pr(Ke•Js.
DAVI&RUBENS CHARrrABIE TRUST NOTES TO THE FtPiANCIAL sfATEMENTS For tht y¢ar¢llded 5 April 1•24 2. INVESTMETrnS HoldiM21 t 6thApi120LI kAt Sale M•¥eme•ts hrrh S Pro Holditt81 #t Sth Apri12414 M•rktt Value ltteomt 5.424 2O11lll Fixed Int¢re5t 2 25% siikO?ffjgn023 £7.#1 8.109 1£7MI) (1.4W) 7167 15Q) 292 2.75%Gilt 07h)9n024 t61.421 61.021 (£61.4241 161mi) .103 (9111 2%fjlll 07ffj9n02J IOJ74 10.961 20J74 ioJTr 4.25% 510ck07112n027 9P.53J 12J07 107W6 110259 4J24 4.55 Bonds07106f2028 nJJii J34 £JJJi J4J34 36.417 733 1 518% Borth221lOn028 rn.439 67N39 .439 67.4)9 7029 189J39 44.001 07.970 234.000 237.784 6.397 Equlthl Ali Liquide (L) Ewv J JO 149 11.125 21.423 23,961 APP 262 (J9) 7.737 20J I95 27392 YJ Pl¢ 25p ord BWAG NPV 1g.wj 9.97fj 19.945 18.921 197 B¢iersdorfAO PV iharts 240 240 26,862 li SuweGrwAGIIkn UBS) CITrO.SOIWdl th .495) {23,9511 Di8eoW 28 1011108potd 213J9 (7JJ} (Wll 21J17 12.716 12,631 30.019 1,441 USSO.IOcothtyn ¥thGk 24 942 36.94J 37 QEAeroiwlGEC srotk 5r4rt> VSSO.01 Commo 319 20J63 319 20.905 39J29 USSO.01 wmmoa(rtk 5JlJ 4.551 131 9J29 Gen EkCtritCortt1swk ¥Fkn) USSO.01 touunDn stL¢k J19 26JI9 (319) (20JI9) GE Verno• In¢ (OEC ak splrtl U5$001 WI03Xk SJSI sj 7NS GivvknAfj HFIO shues IltyJ7 12,007 27.754 G1&xoSmne P 31 114p(rfd shths 370 370 69 15 26pDrdsh 1.90J 5J37 12$8 S.419 IQ.9 245 HSBC USSO 50 shw¢slUKRt&) 19.242 1372 vrled fornrd 205MO 29.Olf 20J23 205J13 298.33l JJ97
io DAVRuBENs CHAlltrABiE TrUST NOTL8 TO THE FINANCIAL STAIEMENTS For th¢ y¢Ar end¢d 5 April 2024 H•ldiDp at 4thAprI2023 and S•1¢ M•vem¢•ts Hojdltty at 5th ApFQ 2024 Mrket V1 Jncomt Bmuiht forxYd 205.Q6 2>fv16 20J 205JIS 2W31 J,897 HaltthPlr Ipthd ¥hK¢J 403 (463) 1417) 1.414 NPVordJMr i13?) 11 Jio 18 4.169 36202 197 LOTh SA Euto 0.20 sh 16 JM3 iON64 JI (2.750 17MI 61 7JOB 41 M4rks& SpJTK¢r OmupF 25p s.ln 3011 3311 29393 16.793 52 J12 IIW (IP)3) 31,701 2JtO 64.712 454 Nmtte SA 411 11846 34.140 )virtsAQ CHFO.S0 (R•¢a)thi NOvfyNordi AS DKKO 2 WtttoDKKO I StyB Jso Jsrfj Iiyl QJ421 IOJ09 456 45,416 Jpord 1931 31.747 31.747 21MJ 458 Iopwd 4A17 273 RthPk 14.44p•rd BJoTthtoPk Iopordl Rolts RoyuHoidw•P 9M4 63.042 1,062 5,711 9353 601 6J46 7 7333 21129 Sthfjr0P AO CHFOQS $16 IM) 1,478 USSO 01 116 2S.419 25.419 35 S¢hrodern Pk swpk Ewo007Vkr 15J46 13,946 JJJOO 1210 &nith& USSO.20 ordth• 11.756 11.7 19890 605 US$O.50c<d 3P)4 fft9 27,179 26J60 UBS (houp C0.10 th• 239$1 Bx4Wi¢SuiM 439n un¢VérN¢ 8J4J 8J43 30.696 1.188 USSO.0001 Y lJ332 13332 34912 219 tJSSO 01 Str 237 6.120 237 6,120 22243 47 461751 44J19 10SJZ9 86.881 .126 935J36 16.404
li DAVI&RUBENS CHARTTABII Trusr TO THE FINANCtAL STATENfENTS For tht y¢r ¢Dd¢d 5 April 2024 2. INVESTMET {¢0•tin•) H•ldiDp at •h Aprq20LI N•knl Cwt N•mknl P1 ud Salt M•veThtnts Pmfft MTket V*lMe W4 2•13124 5th Aprl 2•14 Bro•8blt•n¥1nl WorfdwthHtdthTtttP 25pip1rtinty2 InptKdgè• 462.754 10SJ29 s.1?6 935J36 16.404 1.430 1.428 12m 14J 1,421 47.190 USIO.0i 19.743 19,743 24.852 490.92$ 41J19 10SJ29 534297 1.007.178 17.044 Unit Truts Pwp•TrIC0rFNX¥reBdZ[ll¢CI 19.Tll 10.424 19.711 10229 716 41J 72 8.890 huesP 29,150 15.991 431 45.148 43,616 1.474 m&Gs¢¢uri L 1gM4 19h54 14.¥1)4 16.600 89.405 754 88.49$ 2.974 GThDd Totsh £752 7$1 105 In £173 299 56 792 El 35 067 £26.415 243I49 17) 1310214 15,421 yijj
12 NOTES TO I'HE FINANCIAI. STATEMENrs Forthe y¢•r¢ndtd 5 Ari1 2024 2023 3.576 24.J61 2,135 34,133 59,011 1.163 £94.307 4. DEBTOR 2024 2023 £0 S. LIABILfnES 2024 2023 Dtstribution8 10 Chariti¢s 2&4C .975 ,975 £30 & TrUSTEES No TnL*e ff#iv¢d w rwnuMr•tM1202>£Kd) teimi¥r#ed in theye•r {2023.£Nil).
13 DARuBENs CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the yur ended 5 April 2024 7 CIL4NTS AirnioRISED BY THE TRUSTEES Charity Number Age UK AJEX Charitabl¢ Foundalion Arnncsty tniernational (UK Section) Charitable Tr$t Blind Veterans UK Bloodwise Books Abroad Brendoncare Foundation British Friends of the Hebrew University of Jenlern British Home British Refugee co11 Butler TTUSt Camp81 to Protect Rural En818nd Capability Scotland Car¢rs Tn Child Bereavem¢rt UK Clapton Common Boys Club CLIC Sargent Cancer Care for Children Combat Stress Contact a Family (inGorFMntiDg Hoare Tnts¢) Crisis tkati)Ilnd UK Denis Hurley A$lation Depaul Tn Diabetes UK Disabilities Trust Dream Holidays FAstern Ravens Trust Eden Valley Hospice (Carlisle) Entru Care Ev¢lina London Children's HwPi7 Family A¢tion Family Holiday Association Fields tn Tn (National Playing Fields Asso¢iation) Fircroft Tru Fire Fithlers Charity Florence Nighiin8ale Aid in Sickness TnL8t Fo¢u5 Billningham Gingerbread Guideposts Gurkhas Welfare Tn Help Musicians UK 261794 1082148 1051681 216227 216032 SC011359 326508 209691 206222 1014576 291762 1089685 SC011330 1145181 1040419 1121347 1107328 2062 284912 1082947 802976 146106 802384 215199 800797 1036069 519907 1008796 1105946 251983 264713 800262 306070 802456 1000562 211896 1065745 230750 272619 1043000 228089 600 150 soo 250 100 250 100 200 500 250 250 400 100 500 250 500 350 500 500 500 250 350 250 51)0 250 300 250 100 250 250 500 250 250 250 250 250 100 500 loo 250 soo Carried Forward 12,700
14 DARuBENs CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMEIW3 For the year ended S April 21124 7 GRANTS AirrHORISED BY THE TRUSTEES Ch*rity Nurnber BrOt forward 12.700 IndendeD¢C At Home Jewish Bltnd and Disabled Jewish Care J¢wish Children's Holiday Fw Jewish Child's Day Jewisb Deaf A&8ociation Kidney Care UK Lifeboats (RNLD Limbless Association Listening Books Lymphoma Associatlon Macmillan Cancu Support MaTi¢ Curie C8ncer CaT¢ MedieAI Foundation forthe Care of Victims of Torbjte Mencap Mildmay Mission Hospital Mind Mobility Tt Mulr Dystrophy UK Music tn Hospitals National Deaf Children's Society NortlL London Hospiee North West Air Atnbulance Northumberland Wildlife TnL 1141758 259480 802559 295361 209266 1105845 270288 209603 803533 264221 1068395 261017 207994 1000340 222377 292058 219830 1070975 205395 1051659 1016532 285300 1075641 221819 1059050 235979 257414 277424 295072 226686 1081949 SC017167 219279 1095197 214779 208231 289868 249338 284416 207544 210760 1054097 250 150 2,000 550 350 600 100 500 500 250 500 500 500 300 500 250 750 250 550 250 250 100 100 100 500 250 Iiyj 500 750 100 500 100 500 100 500 500 500 500 500 500 500 250 Order of Si Jobn Psori&qts Asso¢iation Re8¢ Revitaiise Royal Air Forces A&4rti8tion RoyaI Association for Deaf People Royal Blind Asylutn & School Royal British Legion Royal MaT5den Cancer Charity Salvation Army Scope Sens4 The National Deafolind & Rub¢lla Association Shine Sick Children's Tn Sigbtsav¢rs International SSAFA-Forces Help Spinal Injuries A&]atIon Carried Forward 30.000
15 DAVI&RUBENS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the y¢4r ¢lld 5 April 2024 7 GRANfs AUTHORISED BY THE TRugfELS Ch*rfty Number Brought forw•rd 30.OCN) St Hilda's Collllnimity thtre St John's Hospi¢¢ Streatham Youth 2nd CoDwnunity Tht The Daisy Garland Tiinity Hospice Versus Arthrttis W8terAid Youth Aliyah Child Rc8a 212208 235822 1070889 1106530 1013945 207711 288701 1077913 250 250 250 350 350 250 500 £32 300