**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 requir￿1 ￿.. seknt suilatde a￿oL￿lng 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 a￿l￿a￿e UK Accounting Standarts have been foll￿￿, Styt kn any material depa￿leS dis¢k)s￿ and exp￿ed 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 Su￿￿16n1 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 det6ct￿n 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 finar￿la1 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
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