CHARITY REGISTRATION NUMBER: 297275
David Solomons Charitable Trust Unaudited Financial Statements
5 April 2023
David Solomons Charitable Trust
Financial Statements
Year ended 5 April 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
| Grants payable | 13 |
| Schedule of investments | 18 |
David Solomons Charitable Trust
Trustees' Annual Report
Year ended 5 April 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2023.
Reference and administrative details
Registered charity name David Solomons Charitable Trust Charity registration number 297275 Principal office 31 Hill Street London W1J 5LS
The trustees
J J Rutter (Chairman) Dr R E B Solomons Mrs D J Huntingford Mrs C Boys Mr A H Penny Ms Z Solomons
Professional Advisers
The professional advisers to David Solomons Charitable Trust are as follows:-
Bankers
C Hoare & Co.
Solicitors
Investment Managers
Accountants
Forsters 31 Hill Street London W1J 5LS J M Finn & Co. 4 Coleman Street London EC2R 5TA Parker O'Regan Tann & Co Chartered Certified Accountants Bangor Business Centre 2 Farrar Road Bangor Gwynedd LL57 1LJ
1
David Solomons Charitable Trust
Trustees' Annual Report (continued)
Year ended 5 April 2023
Structure, governance and management
The charity is controlled by its governing document, a deed of trust dated 24 June 1986, the settlor being David Edgar Bethel Solomons, acting by Anne Josephine Shipp, the Deputy Principal of the Management Division of the Court of Protection, a Supplemental Deed dated 21 March 1987, as amended by an Order dated 12 November 2004, as amended 3 March 2005, 2 March 2020, and 28 October 2022.
The trustees who have served during the year and since the year end are set out above. The Managing Trustees hold three meetings a year to consider grant applications and decide on grants payable. The Managing Trustees are also responsible for the management of the Trust's investments; henceforth the Managing Trustees will be referred to as the trustees.
Objectives and activities
The trustees have wide discretions which they exercise by giving grants to charitable organisations providing services or other benefits to persons suffering from learning difficulties.
Public Benefit
The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission.
Achievements and performance
The charity has continued to benefit that section of the public suffering from learning difficulties; it has done so in a wide variety of ways by supporting a diverse number of organisations both local and national working for the benefit of those with learning difficulties.
2
David Solomons Charitable Trust
Trustees' Annual Report (continued)
Year ended 5 April 2023
Financial review
The attached financial statements show the current state of the finances of the Trust.
Transactions in investments during the year are detailed on the schedule on pages 18 to 19 of the accounts. Investment management fees amounted to £25,292 (2022: £29,055).
Income Fund investment income for the year amounted to £90,961 (2022: £93,590).
The trust made 120 grants during the year totalling £95,190 (2022: 110 grants totalling £101,300) as detailed in the notes to the financial statements on pages 13 to 17. The trust has continued to concentrate its support on charities which benefit those with learning difficulties. Downs Syndrome Association received a grant of £10,000 from the Capital Fund, i.e. the Endowment Fund. All other grants ranging from £500 to £1,500 were paid from the Income Fund.
Investment Policy
The investment policy adopted by the trustees is to maintain both the capital value and income yield of the Trust portfolio in real terms, with moderate exposure to risk. J M Finn & Co act as investment managers under the terms of a discretionary agreement and their performance is monitored by the trustees on an ongoing basis.
Reserves
The trustees' policy has been to spend all available income on grants. The trustees consider all funds to be unrestricted and grants from the capital fund are made if a specific need arises. The trustees have made a three year commitment to certain organisations but do not consider it necessary to keep a specific reserve for this purpose.
Risk Management
The trustees have reviewed the risks faced by the charity and have implemented systems to mitigate these risks. In particular, the trustees consider that the primary risk is a fall in the Charity's income. The risk has been mitigated by adopting a suitable investment policy. All the organisations which are given grants are themselves registered charities and the risk of misappropriation of funds donated is minimal.
Trustees' responsibilities statement
The trustees are responsible for preparing the trustees' report and the 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.
3
David Solomons Charitable Trust Tnisieos. Annual Roport (conNJuMd) Year ended 5 April 2023 In preparin9 these linancial slaleménts, Ihe trustees ar6 requir1 .. seknt suilatde aoLlng wlKies aTrJ then aFpty Ihém consistenuy.. observo tho matP#)ds and wInc1 in the ap[4Ka• Chadtbs SORP.. mako judgmonts and a¢counting estknates that are r¥asonaÈ40 and prudent; slate whether alae UK Accounting Standarts have been foll, Styt kn any material depaleS dis¢k)s and exped In Ihe financial statements., prepafe the finan[ statements on the golr¥J concttn basls unl8ss It is Inappropriatè to pregjmo Ihatthe charity will eontinu8 ift busintss. Th& tru$te8s ai8 r&8wnsiblè for ko9)ing adewato accounting recthds Ihai ave Su16n1 10 SI and exF4ain Ihe chartws tran6actions and disctose wilh rea50nabl8 accuracy at any b'me the finanGHi posibon ol the charity and enablg them to ensure that the financlal statements comply wklh the Charities Act 2011, tho *Kable Chariti85 {A¢rnunts and ReFortsl Regulatrons, and the provisions of the Tiust Deed. They also resFx)nsible for Safeguarding the assets of the chaTity and herKe lor taking reasonatrd6 Steps lor the wevenlion ar¥J det6ctn of fraud and othaf irragulariiie8. The truslees. an eport was awoved and sunefj on bghaff of the board ol Irustees by: J J Rutter {Cbairman} Truslee Dato appfoved by trusteos.. 18 OctrAJer 2023
David Solomons Charltable Trust Independent Examinerfs Report to the Trustees ot David Solomons Charllable Trust Year ended 5 April 2023 I report lo the Iruslees on my examination ol the financial statemenls ol David Solornons Charitable TTUSt I'the charity'l for thè year ended 5 Aw'l 2023. Respongibiiltles and bosls of report A5 the charity's trustees ol the cotnpany land also its directors lor the purposes ol company lawl you are responsible lor the preparation ol the a¢counlS in accordance wilh the requirements ol the Companies Act 20061lhe 2006 A¢l'l. Having satisfied myseW that the accounts ol the company are not iequired to be audited under Part 16 ol the 2006 Act and are eligible lor independent examination, I rep)rt in respect ol my examination of your charity's accounts as carried out under section 145 01 the Charities Act 2011 I'the 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl ol the 2011 Acl. Independent examlnerfs statement I have completed my examinalion. l conlirm that no matters have cDm8 to my attention in connection with the examinatton giving me cause to believe.. l. Accounting records weie not kept in respect of the Company as required by section 386 01 the 20(%S Act; or 2. The accounts do nol accord with those records,. or 3. The accounts do not comply with the accounting requirements ol seclion 396 01 the 2006 Act other than any requir8m8nt Ihal the accounts give a 'lrue and fair view which is not a matter considefed as part ol an Independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attenlion should be drawn in this report in order to enable a proper understanding ol the accounts lo be reached. eris Evans FCCA IndeFendenl Exarniner Pather O'Regan Tann & Co 8angor Business Centre 2 FarraT Road Bangor G*¥ynedd LL57 1 LJ
David Solomons Charitable Trust
Statement of Financial Activities
Year ended 5 April 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Investment income | 4 | 90,961 | – | 90,961 | 93,590 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total income | 90,961 | – | 90,961 | 93,590 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Investment management costs | – | (25,292) | (25,292) | (29,055) | |
| Expenditure on charitable activities | 5 | (89,374) | (11,827) | (101,201) | (108,121) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | (89,374) | (37,119) | (126,493) | (137,176) | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Net (losses)/gains on investments | – | (509,795) | (509,795) | 127,752 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net (expenditure)/income and net | |||||
| movement in funds | 1,587 | (546,914) | (545,327) | 84,166 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 36,415 | 3,138,401 | 3,174,816 | 3,090,649 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 38,002 | 2,591,487 | 2,629,489 | 3,174,815 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 12 form part of these financial statements.
6
David Solomons Charitable Trust Statement of Finandal Posilion 5 4)rll 2023 2023 20¥2 Note Flx•d assots Inveslments 2,620,987 3,166,587 Curront 8$5ots Dgbiors Cash al bank and in harml 10 559 13,1)92 83 13,065 13,148 13,651 Crédltors: amounts falllng duo wlthln ono year N8t rrOThI a$8ets 11 5.149 4.920 Total assots $5 curront Ilablll¢los 1629,489 3,174.815 2,629,489 3,174,815 Funds of tIM Charlty Endowment fund8 unrestri&j IL¥KIs 2,591.487 3,138,41XI 36,415 3,174.815 Toial chartty funds 12 2.629,489 These finarla1 sNJned on btha oments were aFvoved by the Lxwd ol twstees and authorlsed for k%sue and ale e b)ard by.. J J Rutt ICha¥manl Trnslee Dale approvod by trustoos.. 18 Octcd)er 2023
David Solomons Charitable Trust
Notes to the Financial Statements
Year ended 5 April 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 2 Highfield Road, Collier Row, Romford, RM5 3RA.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity including the costs of the preparation and independent examination of the financial statements. Accountancy and independent examination fees are to be charged equally as between capital and income.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment income
Investment income is accounted for in the period in which the charity is entitled to the receipt.
Going concern
There are no material uncertainties about the charity's ability to continue.
Charitable expenditure and grants payable
Charitable expenditure comprises grants payable, related administration and management costs and governance costs. Grants payable are recognised once they have been approved by the trustees and notification sent to the beneficiary organisation. Grants made are added back to general funds if the grant cheque has not been cleared within six months of issue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
8
David Solomons Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2023
3. Accounting policies (continued)
Fund structure
The capital endowment fund is an expendable endowment and is unrestricted. The income arising from the capital endowment is unrestricted.
Recognition of income
All income is included in the statement of financial activities when the charity is entitled to the income, it is more likely than not that the income will be received and the amount can be quantified with reasonable accuracy.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred.
Fixed asset investments
Investments are stated at the closing mid-market value at the balance sheet date. Any gain or loss on revaluation is taken to the statement of financial activities.
4. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Dividends from Equities and Unit | ||||
| Trusts | 42,133 | 42,133 | 52,833 | 52,833 |
| UK Property Income Distributions | 10,845 | 10,845 | 9,907 | 9,907 |
| Foreign Dividends | 24,213 | 24,213 | 20,414 | 20,414 |
| Interest from Fixed Interest Stocks | 6,970 | 6,970 | 5,910 | 5,910 |
| Interest from UK Unit Trusts | 6,651 | 6,651 | 4,526 | 4,526 |
| Bank interest receivable | 149 | 149 | – | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 90,961 | 90,961 | 93,590 | 93,590 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
9
David Solomons Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2023
5. Expenditure on charitable activities by fund type
| Unrestricted | Endowment | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Grants payable in year | 85,190 | 10,000 | 95,190 |
| Administration Costs | 2,294 | – | 2,294 |
| Support costs | 1,890 | 1,827 | 3,717 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 89,374 | 11,827 | 101,201 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Endowment | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Grants payable in year | 91,300 | 10,000 | 101,300 |
| Administration Costs | 2,125 | – | 2,125 |
| Support costs | 2,356 | 2,340 | 4,696 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 95,781 | 12,340 | 108,121 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
6. Analysis of support costs
| Unrestricted | Endowment | |||
|---|---|---|---|---|
| Funds | Funds | Total 2023 | Total 2022 | |
| £ | £ | £ | £ | |
| Finance costs | 63 | – | 63 | 16 |
| Accountancy Fee | 1,215 | 1,215 | 2,430 | 3,600 |
| Independent Examination | 612 | 612 | 1,224 | 1,080 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 1,890 | 1,827 | 3,717 | 4,696 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
7. Trustee remuneration and expenses
The Trustees received no remuneration or other benefits during the year.
8. Investments
The market value of investments at the year end was:-
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Equities | 2,366,168 | 2,864,171 |
| Unit trusts | – | 65,612 |
| Fixed interest stocks | 245,813 | 217,313 |
| Cash on stockbroker capital account | 9,006 | 19,491 |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| 2,620,987 | 3,166,587 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
A list of investment movements and investments held at the year end is detailed on pages 18 to 19. The cost of the investments at 5 April 2023 was £2,036,609 (2022: £2,030,737).
10
David Solomons Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2023
9. Analysis of movement of investments
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Market value of investments brought forward | 3,166,587 | 3,074,656 | |
| Movement on stockbroker capital account | (10,485) | (31,744) | |
| Add: purchases, accumulations and equalisations | 261,922 | 326,196 | |
| Less: disposals | (287,232) | (330,273) | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| 3,130,792 | 3,038,835 | ||
| (Loss) / gain in year | (509,805) | 127,752 | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Market value of investments carried forward | 2,620,987 | 3,166,587 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| 10. | Debtors | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Income Account | 559 | – | |
| Tax Repayable | – | 83 | |
| ৄৄৄৄ | ৄৄৄৄ | ||
| 559 | 83 | ||
| ৶৶৶৶ | ৶৶৶৶ | ||
| 11. | Creditors: amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Accruals and deferred income | 5,149 | 4,920 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
12. Analysis of net assets between funds
| Unrestricted | Endowment | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 29,500 | 2,591,487 | 2,620,987 |
| Current assets | 13,651 | – | 13,651 |
| Creditors less than 1 year | (5,149) | – | (5,149) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| Net assets | 38,002 | 2,591,487 | 2,629,489 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Endowment | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 28,187 | 3,138,400 | 3,166,587 |
| Current assets | 13,148 | – | 13,148 |
| Creditors less than 1 year | (4,920) | – | (4,920) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| Net assets | 36,415 | 3,138,400 | 3,174,815 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ |
11
David Solomons Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2023
13. Related parties
There were no related party transactions during the year.
12
David Solomons Charitable Trust Year ended 5 April 2023 Grants Payable
| Ab Phab Youth Club Ability Dogs 4 Young People Able Kidz Access Right to Care Accuro Action for Kids Action Medical Research for Children Alofts Community Amaze Animal Antiks Armonico Consort Ltd Autism Angels Autism Wessex Band Bath Gateway Batias Independent Advocacy Service Belive Beyond Autism BIBIC Birmingham Royal Bishop Creighton Bishop Stortford Mencap Bleasdale School Blooming Blossoms Trust Blueprint Training Blyth Star Enterprises Ltd Bolton Lads & Girls BOSP Bradford Inclusive Break Fundraising Brighton and Hove Speak Out Build Charity C Potential Trust Calvert Trust Exmoor Cambridge Arts Theatre Camden Arts Centre Cann Bridge School Caring for Life Carousel Project Caudwell Children Celf o Gwmpas Challengers Cherry Trees Child Brain Injury Children's Aid Childrens Respite Chrysals Holidays Balance carried forward |
2023 500 - - 1,000 - 750 - 500 1,000 500 - - - 500 750 - 500 500 - - 750 500 500 - 1,000 - 1,000 500 - 500 - - 1,000 - - - - 750 1,000 - 500 - - - 1,000 - 15,500 |
2022 - 1,000 750 - 750 - 1,000 - - - 1,000 500 1,000 - - 1,500 - - 500 750 - - - 1,000 - 1,000 - - 750 - 500 500 - 1,000 750 1,000 1,000 - - 1,000 - 500 1,000 750 - 1,000 1,000 21,500 13 |
|---|---|---|
David Solomons Charitable Trust Year ended 5 April 2023 Grants Payable
| Balance brought forward Chums Charity Circle of Support for Autism Families City of Birmingham Symphony Orchestra Cogs Prepares 4 Life Communigrow Compaid Trust Compass Disability Concrete Youth Conquest Centre Cosgrove Care Create Bolton Creating Adventure Devon County Council Devon Link Up Disabled Sailors Association Dogs For Autism Dsct Doncaster Deaf Trust Down Syndrome Ches Down Syndrome Development Trust Down Syndrome International Downs Syndrome Association (from Capital) Enable Scotland Equal Futures Dsct Ezer Leylolds Ltd Face Front Inc Family Care Trust Farmability Friends Of Castledon School Friends of Manor Mead Friends of Ravenshall Fulfil the Wish Garvald Edinburgh Dsct Gig Buddies Golden Oldies Charity Gorfenna Community Interest Company Grove Park Charitable Trust Guild Care Dsct Gympanzees Halas Homes Halow Project Hollow Lane Horsley Bookham & Leatherhead Rda Includes Us 2 Incredible Me In-Deep Community Insight CCSS Balance carried forward |
2023 15,500 - - - - 500 - - 500 1,000 500 1,000 1,000 - - - - - 500 1,500 10,000 1,500 - 1,000 500 750 500 - 950 500 500 - - - - 500 - - - 500 1,000 750 500 500 750 1,000 43,700 |
2022 21,500 1,000 750 1,000 1,000 - 1,000 500 - 500 - - - - 750 750 750 1,000 500 - 1,500 10,000 - 500 - - - - 1,000 - - - 750 500 1,000 750 - 500 1,000 500 - - 750 - - - - 49,750 14 |
|---|---|---|
David Solomons Charitable Trust Year ended 5 April 2023 Grants Payable
| Balance brought forward ISPEA Jigsaw Trust Journey Enterprises Ltd JPC Community Farm JPK Sussex Project Jubilee Sailing Tr Dsct Just Good Friends Kangaroos Mid Sussex Keynsham Mencap Kids in Action Kids N'Action Kidz Aware Kindred Advocacy Kingswood Trust Lambeth Elfrida Rathbone Society Learn and Thrive Learning Library Leeds Mencap Linkable Woking Linkage Community Trust Liquid Vibrations Dsct Little Gate Farm London Symphony Orchestra Lothian Autistic Society Magic Carpet Mahavedi Yoga Maiden City Soccer Me2 Club Meru Minstead Trust Misgav Multisports Club My Life My Choice Newry City Afc Special Olmpic Club Newufe Charity Olympias Music Foundation Omagh Futsal Association Opening Doors Orcadia Creative Learning Centre Orchestra If The Swan Out N About Outward Oxford Philharmonic Parenting Together Parity for Disability Peeps Balance carried forward |
2023 43,700 1,000 - - - - - 500 500 500 500 - - 500 950 - 500 750 1,000 750 - - 500 - 1,000 750 500 500 - - 500 - 1,000 1,000 - 500 - 500 750 - - 750 - 1,000 750 1,000 750 62,900 |
2022 49,750 - 1,000 1,000 1,500 1,000 500 - - - - 1,000 750 - - 1,000 - - - - 1,000 500 - 1,000 1,000 - - - 1,000 1,000 - 750 - - 500 - 1,000 - - 500 500 - 1,000 - - - - 67,250 15 |
|---|---|---|
David Solomons Charitable Trust Year ended 5 April 2023 Grants Payable
| Balance brought forward Perkisound Charitable Incorporated Organisation Phoenix Enterprises Swindon Ltd Playaway Popsy Charity Priors Court ProgressAbility.org Prospero Theatre Purple Patch Reach Learning Dis Dsct Reach North West Reanella Trust Rescare Riding For The Disabled Association Ripon Community Link Rock Foundation Uk Rowan Humberstone Rubys Fund Salto Gymnastics Sam's Place NW Ltd Sasbah Seashell Trust Shine Shine East Norfolk Side by Side Children Skills + Vol Cymru Skills for People Snaps Yorkshire Snowflake School For Children With Autism Ltd Space Spadework Ltd St Elizabeth Centre St Josephs Special Dsct Stanley Grange Step One Charity Steps Conductive Support Dogs Support Send Kids Swallow Ltd Swindon Downs Syndrome Group T.I.M.E Team Domenica Teesside Ability Support Centre The Assist Trust The Banana Trust Dsct The Bevern Trust The Bluecoat Balance carried forward |
2023 62,900 - 500 - 1,000 1,000 1,000 500 500 - - 500 750 - - - 750 750 500 500 1,000 500 - - 500 500 750 500 - - 500 - - 500 - 1,000 - 500 1,000 - 500 - - 500 - - 500 79,900 |
2022 67,250 750 - 1,000 - - 1,000 - - 750 500 - - 1,000 1,000 500 - - - - - - 750 1,000 - - - - 1,000 1,000 - 500 750 - 750 - 1,000 - - 500 - 800 1,000 - 750 1,000 - 84,550 16 |
|---|---|---|
David Solomons Charitable Trust Year ended 5 April 2023 Grants Payable
| Balance brought forward The Breck Foundation The Bren Project The Chamwell Centre The Change Foundation The Crumbs Project The Design+Techin Dsct The Ethel Trust Dsct The Forest School The Hamlet Centre The Meadowside Charity The Meath Epilepsy Charity The Odell Trust Dsct The Open Theatre The Orpheus Centre The Pace Centre The Paperwork Trust The Pod The Pro Active Com Dsct The Quay Theatre The Rainbow Centre The Yard Thomas Theyer End Tikva Time Out Group North West Tiny Tims Childrens Centre Toucan Employment Transforming Autism Umberella Derby and Derbyshire Unity Wrosm Social Enterprises Upward Mobility Us In A Bus Variety The CCF Walton Leigh School Parent Staff Welsh National OP Where I Want to Live White Lodge Whoopsadaisy Wildgoose Rural Wirral Community Narrowboat Trust Work Limited TOTAL |
2023 79,900 - - 1,000 1,000 500 - - 340 1,000 - - - 500 500 - 1,000 - - - - - 700 1,000 - - 1,000 1,000 - - - 1,000 1,000 - 750 500 500 750 750 - 500 |
2022 84,550 500 1,000 - - - 750 500 - - 1,000 1,500 500 - - 500 - 1,500 750 500 1,000 1,000 - - 1,000 500 - - 1,000 1,000 1,000 - - 750 - - - - - 500 - |
|
|---|---|---|---|
| £ | 95,190 £ |
101,300 |
17
David Solomons Charitable Trust
Schedule of Investments and income for the Year ended 5 April 2023
| Equities Aberdeen Standard European Logistics Ord 1p Bilfinger Berger Global Infa Sicav (Unlisted) Civitas Social Housing PLC Ord 1p Croda International Ord GBP Diageo Ord 28 101/108p Digital 9 Infrastructure PLC Ord NPV Diploma PLC Ord 5p Ecclesiastical Insurance Office 8.625% Pref Foresight Solar Fund Ltd NPV Fundsmith Sustainable Equity Fund GAM Star Fund Disruptive Inst GBP Acc GlaxoSmithKline Ord 25p GlaxoSmithKline Ord 31.25p Greencoat UK Wind PLC Ord 1p Gresham House Energy Storage PLC Ord Haleon PLC Ord 1p Halma PLC Ord 10p Home REIT PLC Ord 1p International Consolidated Airline Ord Eur0.50 iShares S&P 500 J P Morgan Amer IT Ord 5p J P Morgan Global Emerging Markets Ord 1p London Stock Exchange Group Ord GBP0.6918604 Mercantile Investment TST PLC MSIM Fund Management (Ireland) Ltd Asia Opportunity Z Acc National Grid Ord 12.431p Picton Property Income Ord NPV Prudential Ord 5p Relx PLC Ord 14.44p Rio Tinto Ord 10p Schroder Oriental Income Fund Ord 1p Scottish Mortgage Inv Trust Ord 5p Segro PLC Ord 10p Spirax-Sarco Engineering Ord GBP The Renewables Infrastructure Group Ord NPV THG PLC Ord 0.5p 3i Infrastructure Ord NPV Triple Point Enrgy EFF Infrs Co PLC Ord 1p Tritax Big Box Reit PLC Ord 1p UK Treasury 1.625% 22.10.2028 Unilever PLC Ord 3.1111p Unit Trusts Jupiter Fund Managers Limited UK Mid Cap R Inc |
In Holding |
45,020.00 49,950 54,496.44 81,526 Sale on 31.01.23 49,997.93 44,812 55,019.92 65,027 22,989.52 95,508 Sale on 30.09.22 70,020.00 77,910 48,156.52 95,469 Sale on 30.09.22 Sale on 06.01.23 51,414.64 64,891 80,533.99 83,622 Purchase on 20.04.22 Equalisation on 31.08.22 79,964.65 76,269 41,946.43 67,675 Reverse stock split (-) on 19.07.22 Reverse stock split (+) on 19.07.22 71,572.46 94,746 74,970.70 78,960 Spin off on 18.07.22 32,938.91 109,049 Sale on 30.09.22 50,020.00 62,700 44,206.89 35,968 37,764.66 148,888 30,310.70 168,605 49,972.99 55,553 Sale on 20.04.22 50,202.98 51,414 Purchase on 06.02.23 63,458.00 40,459 35,300.90 72,866 29,984.82 58,212 19,685.05 41,157 39,991.34 66,015 16,113.07 91,984 Sale on 30.09.22 Sale on 06.01.23 60,142.47 99,599 55,465.99 211,560 28,640.13 137,650 54,853.12 57,735 54,963.55 63,886 49,558.30 6,390 Sale on 20.04.22 54,721.80 116,895 Sale on 06.01.23 70,020.00 59,325 33,076.08 79,204 Purchase on 30.09.22 26,046.24 52,694 1,733,541.19 2,864,171 50,889.39 65,612 Sale on 01.02.23 50,889.39 65,612 vestments at 5 April 2022 Cost Market Value |
(46,800) (530) (1,240) 36,550 (3,972) 3,177 3,972 (1,000) (41,150) 32,100 (368) (6,700) (4,465) 70,000 (28,000) Purchase / (Sale) |
(46,800) (530) (1,240) 36,550 (3,972) 3,177 3,972 (1,000) (41,150) 32,100 (368) (6,700) (4,465) 70,000 (28,000) Purchase / (Sale) |
(70,761.60) (20,033.00) (30,084.76) 61,160.87 (41,946.43) 34,144.74 7,801.69 (20,079.00) (53,082.50) 70,300.00 (19,926.82) (6,347.58) (14,928.84) 60,559.10 Acquisitions and R Cost / (Proceeds) |
ealisations Change in b/f cost |
16,265.16 14,956.15 13,634.60 12,292.02 3,109.51 15,981.64 (43,210.72) 7,540.04 40,568.40 1,098.21 1,098.21 Profit / (Loss) |
45,000 - 50,750 810 1,870 70,000 2,390 45,220 75,200 36,550 1,220 - 3,177 60,930 56,400 3,972 3,230 50,000 25,750 4,300 21,840 - 615 32,100 970 6,017 58,800 3,631 2,700 1,135 36,550 20,500 10,000 450 46,700 - 28,603 70,000 31,860 70,000 1,490 - Inve Holding |
45,020.00 31,500 - - 49,997.93 27,507 55,019.92 51,484 17,912.67 68,610 70,020.00 47,460 31,706.36 63,000 51,414.64 59,012 80,533.99 83,021 61,160.87 62,734 79,964.65 57,351 - - 34,144.74 47,248 71,572.46 97,305 74,970.70 88,661 7,801.69 13,531 25,151.94 69,607 50,020.00 19,025 44,206.89 37,659 37,764.66 140,234 30,310.70 152,662 - - 50,202.98 48,511 70,300.00 62,017 63,458.00 39,566 35,300.90 67,932 29,984.82 41,983 19,685.05 40,050 39,991.34 70,875 12,167.89 59,962 60,142.47 93,568 55,465.99 131,733 28,640.13 75,640 54,853.12 51,300 54,963.55 59,869 - - 47,333.00 90,099 70,020.00 42,350 33,076.08 44,413 60,559.10 64,790 26,046.24 63,899 1,730,885.46 2,366,168 - - - - stments at 5 April 2023 Cost Market Value** |
|---|---|---|---|---|---|---|---|---|---|
| 45,000 46,800 50,750 810 2,400 70,000 3,630 45,220 75,200 1,220 3,972 60,930 56,400 4,230 50,000 25,750 4,300 21,840 41,150 615 970 6,017 58,800 3,631 2,700 1,503 36,550 20,500 10,000 450 46,700 6,700 33,068 70,000 31,860 1,490 28,000 |
|||||||||
| 1,733,541.19 | (43,224.13) | 0.00 | 1,730,885.46 | ||||||
| 50,889.39 | (51,987.60) | - | |||||||
| 50,889.39 | (51,987.60) | 0.00 | - |
18
David Solomons Charitable Trust
Schedule of Investments and income for the Year ended 5 April 2023
| Fixed Interest MI Twentyfour Dynamic Bond Gross I Inc iShares II PLC GBP Idx-Linked GILTS ETF Inc Henderson Investment Funds Ltd Fixed Interest Monthly Inc Stockbroker Capital Account TOTAL INVESTMENTS Unrealised Gains ** This investment represents more than 5% of the portfolio at 5 April 2 |
In Holding |
vestments at 5 April 2022 Cost Market Value 76,803.77 73,324 Equalisation on 31.05.22 Purchase on 31.01.23 75,038.85 72,873 74,972.77 71,115 Purchase on 31.01.23 Equalisation on 28.02.23 226,815.39 217,312 19,491.20 19,491 2,030,737.17 £ 3,166,587 £ 1,135,850 £ |
T | Purchase / (Sale) 370.00 38,200.00 otal movement in |
Purchase / (Sale) 370.00 38,200.00 otal movement in |
Acquisitions and R Cost / (Proceeds) 35,116.47 34,786.30 |
ealisations Change in b/f cost |
|---|---|---|---|---|---|---|---|
| 695 3,640 67,600 023 |
|||||||
| 226,815.39 | 69,902.77 | 0.00 | |||||
| 19,491.20 | (10,485.49) | ||||||
| 2,030,737.17 £ |
(£35,794.45) | £0.00 | |||||
| t in | stockbroker deposit | ||||||
T T T T I G |
19