DAVI&RUBENS CHAIUTABLE TRUST TRusfEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Page I IDdei P*ge 2 Referen¢¢ *nd AdmlnLq¢ratlve IDforniatlon P#8e$ 3&4 TNste¢s' Rew)rt Pag¢ 3 IndtptDd¢4t Ex*miner'$ Report ge 6 Slatem¢Dt of FlnaDclal Ac¢lvitleJ ge7 Balall¢e Sheet P*ge8 &15 ot¢s to tht Finan¢i*l St*tements 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 DA￿RuBENs CHARITAJLE TRUST TRusfEES' REPORT The T￿￿te￿ 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 FOund￿lOn 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 Tn￿t is expose4 as identified by tr Tnrt hAve b¢¢n reviewed and systcms are in pl￿¢ io manag¢ those risks. OBJECllVES AND A￿1VITIEs Th¢ Obj¢ctive$ of the Tr￿st 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$ sh￿1 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 Tn￿teeS may from time to tim PUBLIC BENEFIT In meeting the objectives of the TrtL%t th¢ Trustees have giv¢n wefu] conSide￿10n to the ch￿lty Commission's genernl guidance on public irnefit and are Satisfi￿ that all donations made meet this guidanc¢. ACHIEVEMENTS AND PERFORMANCE The Tn￿tee5 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 Tn￿tteS regard as expendable endovmi¢nl. It is the Tntstees, policy to n￿1n￿lD 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 Tr￿st¢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 Tn￿le¢S Io Prepare Financial Ststements for each financia] year which give a true and fair view of the TnLsfs fuwi¢i81 a￿1VItieS during the ye8r and of its financial position at the end of the year. In F(ep8ring those Financia] Statements, the Tr￿8*¢$ aff required io: - select suitsble aceL)unting ￿li¢l¢S and then apply them cL)nsistently* - rnake judgements and cstima*s 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 It￿Unting 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 st8￿ments comply with the Charities Act 2011. They are also res￿nSIble for saft8uardin8 the &ssets of the Tft￿l 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: Febrn*ry 2025 INDEPENDENT EXATrIINER'S REPORT TO THE TRusfEES OF DAVI&RUBENS CHAIUTABIE TRUST We report on the Financial Statements of the Davis-RubeL8 Charitable Tr￿st 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 StateM￿ts. 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 it￿ependent examination is neede VSSO.01 Commo￿ 319 20J63 319 20.905 39J29 USSO.01 wmmoa*(rtk 5JlJ 4.551 131 9J29 Gen￿ EkCtritCor￿tt￿1swk ¥Fkn) USSO.01 touunDn stL¢k J19 26JI9 (319) (20JI9) GE Verno￿• In¢ (OEC a￿k splrtl U5$001 WI￿0￿3￿Xk SJSI sj 7NS GivvknAfj HFIO shues IltyJ7 12,007 27.754 G1&xoSmn￿￿e P 31 114p(rfd shths 370 370 6￿9 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 DAV￿RuBENs 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 M*rket V*1* Jncomt Bmuiht for*xYd 205.Q6 2>fv16 20J 205JIS 2W31 J,897 HaltthPlr Ipthd ¥hK¢J 403 (463) 1417) 1.414 NPVord*JMr i1￿3?) 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 30￿11 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 Sthfjr0￿P AO CHFOQS $16 IM) 1,478 USSO 01 116 2S.419 25.419 35 S¢hrodern Pk swpk Ewo007V*k*r 15J46 13,946 JJJOO 1210 &nith& USSO.20 ordth• 11.756 11.7 19890 605 US$O.50c£Kd) teimi¥r#ed in theye•r {2023.£Nil). 13 DA￿RuBENs 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￿$t Blind Veterans UK Bloodwise Books Abroad Brendoncare Foundation British Friends of the Hebrew University of Jen￿lern British Home British Refugee co￿￿11 Butler TTUSt Camp81￿ to Protect Rural En818nd Capability Scotland Car¢rs Tn Child Bereavem¢rt UK Clapton Common Boys Club CLIC Sargent Cancer Care for Children Combat Stress Contact a Family (inGorFMntiDg Hoare Tnts¢) Crisis tkati)Ilnd UK Denis Hurley A$￿￿lation Depaul Tn Diabetes UK Disabilities Trust Dream Holidays FAstern Ravens Trust Eden Valley Hospice (Carlisle) Entru￿ Care Ev¢lina London Children's HwPi￿7 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 206￿2 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 DA￿RuBENs CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMEIW3 For the year ended S April 21124 7 GRANTS AirrHORISED BY THE TRUSTEES Ch*rity Nurnber BrO￿t forward 12.700 Inde￿ndeD¢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 T￿￿t M￿ul￿r 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 Re￿8¢ 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 Th￿t 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