CHARITY REGISTRATION NUMBER: 297275
David Solomons Charitable Trust Unaudited Financial Statements
5 April 2024
David Solomons Charitable Trust
Financial Statements
Year ended 5 April 2024
| 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 | 12 |
| Shedule of investments | 18 |
David Solomons Charitable Trust
Trustees' Annual Report
Year ended 5 April 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2024.
Reference and administrative details
Registered charity name David Solomons Charitable Trust Charity registration number 297275 Principal office 22 Baker Street London W1U 3BW
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
Forsters 22 Baker Street London W1U 3BW J M Finn & Co. 25 Copthall Avenue London EC2R 7AH
Accountants
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 2024
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 2024
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 £23,227 (2023: £25,292).
Income Fund investment income for the year amounted to £84,445 (2023: £90,961).
The trust made 108 grants during the year totalling £91,686 (2023: 120 grants totalling £95,190) as detailed in the notes to the financial statements on pages 12 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 £2,000 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 Trustses. Annual Report C¢onJniMd) Year ended 5 April 2024 In preparing theso financial statements, the trustees are required lo: seled suitable accounting policies and then apply them Consistent.. ¢Jb88Tve the melhods 8nd Ihè appl Charitiès SORP., make judgments and.a(Unt4'estlmaIÈs thal are reaSOnabarKI prudent". Slate whether aFplicabl• UK Ae¢ounting Standard5 have be8n follthved, subject to material departures disdo$•d aTrJ explained in the financial statements., prepare th8 financial st8tement$ on the goiTh3 ¢on¢•m basis unl8ss rt is inappropriata lo esume thal the charity will ¢onlinuè ir) businèss. The'lrustees are TespDn5Tble for'keeptng adequate acecunting records that we sLrfrI8nt to show and explairi th8 chartys transactions and disclose with r6ascfflable aCCuY at any time the financial position of the charty and enable Ih8m lo ensure that the financial statgments comply with th8 Char.85 Acl.2011, lh& appl Chwrties (Accounts 1 Reports) RegulgtiOn5, arxl tt* w0¥4sions of th& TTUSt Oeed. They are 8180 r•sponsibl8 for safeguardw the assets of the charsty and hence for taking reasonable 81eps tor the prevenlp)n and d8t8Ction of traud and other Irregularities. The trustees, a al report W89 approved and signed on half ofthe tKwd of trustees by. 'J J Rutter Icttairnan) ' Trust88 Date approved by InJste8s: 6 November 2024
David Solomons Charitable Trust Independenl Examlner's Report to the Trustees ol Davld Solomons Charilable Trust Year ended 5 Aprll 2024 I report to the trustees on my examinafjon ol the flnancial slat8men18 01 Davld Solomons Charitable Trust I'lhe charity) lor th¢ ypar ended 5 April 2024. Responslbllliio5 and ba8ls el report A5 the charill8 Iruslees ol the company land 80 its directors lor the purposes of company lawl you are responsible for the preparation ol the accounts In accordancè th the requirements ol the Companies Act 20061'th¢ 2006 Act'}. Having satisfied my8elf that th8 accounts of the company are not required lo bg audited under Part 16 of the 2006 Act and are eligible lor independent examinalron, I report in respect ol my examination ot your eharity's accounts as carrled oul under section 145 01 the Charities Act 2011 ltthe 2011 Acl'l. In Tyng out my examination I have followed the Directions given by the Charity Commission under seGtion 145151 Ibl of the 2011 Act. Independent examiTherfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 1. Accounting records were not kept In respect of the Company as required by section 386 01 the 2006 2. The accounts do not accoTd with Ihosg records,- or 3. The accounts do not comF4y wrf(h the accounting requirerngnts of section 396 of the 2006 Act other than any requirernenl that the accounts give a 'true and fair view which is not a matter considered as part ol an independgnl examination. I havg no concerns and have come across no other matters In connection wth the examinali¢Jn lo which attention should be drawn in this Teport in order to enable a proper understanding ol the accounts lo be reached. Mr Ceris Evans FCCA Independent Examiner Parker O'Regan Tann & Co Bangor Business Centre 2 Farrar Road Bangor Gwynedd LL57 1 LJ 6 November 2024
David Solomons Charitable Trust
Statement of Financial Activities
Year ended 5 April 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Investment income | 4 | 84,445 | – | 84,445 | 90,961 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total income | 84,445 | – | 84,445 | 90,961 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Investment management costs | – | (23,227) | (23,227) | (25,292) | |
| Expenditure on charitable activities | 5 | (86,422) | (12,262) | (98,684) | (101,201) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | (86,422) | (35,489) | (121,911) | (126,493) | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Net gains/(losses) on investments | (1,106) | 22,434 | 21,328 | (509,795) | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net expenditure and net movement | in | ||||
| funds | (3,083) | (13,055) | (16,138) | (545,327) | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 38,002 | 2,591,487 | 2,629,489 | 3,174,816 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 34,919 | 2,578,432 | 2,613,351 | 2,629,489 | |
| 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 11 form part of these financial statements.
6
David Solomons Charitable TNst statsment of Financlal Position 5 Apr14 2024 2024 2023 Investmerts tr 2,603,1)17 2.,62ts,987 Current assets Debtor8 10 653 559 Gashat baJ in hantt Crnditors.. amounts falllng due within on? year 11 5.524 5,149 10,33 Tot41 a888ts1088 curront Ilabilltlos 2.613,351 2,629,489 .Net assets 2,613,351 2,629,489 Funds of the charlty ' En(knYfflerilTunds 2,'St8,432 Unrestricted.furds' 3&,002 Total charity fund• 2,613,351 2,e29,489 Thesp firwrrzl sty .n13.were 3pprov8d.by"IhA.board".oftrustees and:aulhDris&l..for"issuttgnd are boaFd ty. J.J RuY8r i'CFiairmanl' The nDt•$ ary pag•$ 8'to'11 fomi part ofthose finan¢lal $tate'ment&
David Solomons Charitable Trust
Notes to the Financial Statements
Year ended 5 April 2024
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 2024
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 | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Dividends from Equities and Unit | ||||
| Trusts | 37,441 | 37,441 | 42,133 | 42,133 |
| UK Property Income Distributions | 5,977 | 5,977 | 10,845 | 10,845 |
| Foreign Dividends | 19,102 | 19,102 | 24,213 | 24,213 |
| Interest from Fixed Interest Stocks | 11,196 | 11,196 | 6,970 | 6,970 |
| Interest from UK Unit Trusts | 9,905 | 9,905 | 6,651 | 6,651 |
| Bank interest receivable | 824 | 824 | 149 | 149 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 84,445 | 84,445 | 90,961 | 90,961 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
9
David Solomons Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
5. Expenditure on charitable activities by fund type
| Unrestricted | Endowment | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Grants payable in year | 81,686 | 10,000 | 91,686 |
| Administration Costs | 2,425 | – | 2,425 |
| Support costs | 2,311 | 2,262 | 4,573 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 86,422 | 12,262 | 98,684 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| 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 |
6. Analysis of support costs
| Unrestricted | Endowment | |||
|---|---|---|---|---|
| Funds | Funds | Total 2024 | Total 2023 | |
| £ | £ | £ | £ | |
| Finance costs | 55 | – | 55 | 63 |
| Accountancy Fee | 1,650 | 1,650 | 3,300 | 2,430 |
| Independent Examination | 606 | 612 | 1,218 | 1,224 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 2,311 | 2,262 | 4,573 | 3,717 | |
| 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:-
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Equities | 2,191,422 | 2,366,168 |
| Fixed interest stocks | 404,817 | 245,813 |
| Cash on stockbroker capital account | 6,778 | 9,006 |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| 2,603,017 | 2,620,987 | |
| 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 2024 was £1,963,394 (2023: £2,036,609).
10
David Solomons Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
9. Analysis of movement of investments
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Market value of investments brought forward | 2,620,987 | 3,166,587 | |
| Movement on stockbroker capital account | (2,228) | (10,485) | |
| Add: purchases, accumulations and equalisations | 513,471 | 261,922 | |
| Less: disposals | (551,648) | (287,232) | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| 2,580,582 | 3,130,792 | ||
| (Loss) / gain in year | 22,435 | (509,805) | |
| ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Market value of investments carried forward | 2,603,017 | 2,620,987 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| 10. | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Income Account | 653 | 559 | |
| ৶৶৶৶ | ৶৶৶৶ | ||
| 11. | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Accruals and deferred income | 5,524 | 5,149 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 12. | Analysis of net assets between funds |
| Unrestricted | Endowment | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 24,585 | 2,578,432 | 2,603,017 |
| Current assets | 15,858 | – | 15,858 |
| Creditors less than 1 year | (5,524) | – | (5,524) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄ | |
| Net assets | 34,919 | 2,578,432 | 2,613,351 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶ | |
| 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 |
13. Related parties
There were no related party transactions during the year.
11
David Solomons Charitable Trust Year ended 5 April 2024 Grants Payable
| Ab Phab Youth Club Ability Bow Access Right to Care Action for Kids Alofts Community Amaze Animal Antiks Aoifes Sensory Bus AssistiV CIC Autism Bedfordshire Bag Brooks Band Barking + Dagenham Basingstoke Mencap Bath Gateway Belive Beyond Autism Bird Aid Bishop Creighton Bishop Stortford Mencap Bleasdale School Bloomin' Arts Limited Blueprint Training Bolton Lads & Girls BOSP Break Fundraising C Potential Trust Camp Knak Camphill School Aberdeen CASBA Caring for Life Carousel Project Celf o Gwmpas Certitude Support Chattersense Cherwell Theatre Company CHIPS Children's Aid Christ Church Academy Parent Teacher Association Crackerjacks Communigrow Concrete Youth Cosgrove Care Create Bolton Creating Adventure Balance carried forward |
2024 - 1,000 - - - - - 750 1,000 1,000 750 - 750 500 - - - 500 - - - 750 - - - - - 1,000 1,000 750 - - - 1,000 750 500 500 - 500 750 - - - - - 13,750 |
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 - - 500 500 1,000 500 1,000 19,000 12 |
|---|---|---|
David Solomons Charitable Trust Year ended 5 April 2024 Grants Payable
| Balance brought forward Crosshouse Children's Fund Dates-n-Mates Destination Pond Meadow Devon County Council Dingley's Promise Dogs For Good Downright Brilliant Newry Downs Syndrome Association (from Capital) Down Syndrome Development Trust Down Syndrome International Down Syndrome Training & Support Service Ltd Enable Scotland Exeter Gateway Centre Ezer Leylolds Ltd Face Front Inc Fairfield School Families United Network Family Care Trust Farmability Friends of Ashton Secondary School Friends of Manor Mead Friends of Ravenshall Frozen Light Fulfil the Wish Gartmore RDA Gateway into the Community Glasgow Group RDA Grove Park Charitable Trust Guideposts Trust Limited Halow Project Handicapped Children's 'Action' Group Helping Angels HF Trust Limited Hollow Lane Home Link Family Support Horsley Bookham & Leatherhead Rda In Touch / Kids United Includes Us 2 Incredible Kids Incredible Me In-Deep Community Insight CCSS ISPEA Just Good Friends Balance carried forward |
2024 13,750 713 1,000 750 - 750 750 750 10,000 - - 1,000 - 750 - - 750 750 - - 1,000 - - 750 - 500 500 750 - 500 - 750 900 850 - 500 - 500 - 750 - - - - - 39,963 |
2023 19,000 - - - 1,000 - - - 10,000 500 1,500 - 1,500 - 1,000 500 - - 750 500 - 950 500 - 500 - - - 500 - 500 - - - 1,000 - 750 - 500 - 500 750 1,000 1,000 500 45,200 13 |
|---|---|---|
David Solomons Charitable Trust Year ended 5 April 2024 Grants Payable
| Balance brought forward Kangaroos Mid Sussex Keynsham Mencap Kids Care London (Camp Horizon) Kids in Action Kindred Advocacy Kingswood Trust Launchpad (SW) CIC Learn and Thrive Learning Library Leeds Hospital Charity Leeds Mencap Leeds Weekend Care Let's Play Lewisham Speaking Up Lightyear Foundation Linkable Woking Little Gate Farm Little Hiccups Little Treasures Live Music Now South West London Riverside Church Lothian Autistic Society Magic Carpet Magpie Dance Mahavedi Yoga Maiden City Soccer Minstead Trust Multisports Club Musical Keys Mustard Seed Autism My Life My Choice Newufe Charity Northdale Horticulture Oak Tree Farm Rural Project Limited Omagh Futsal Association Open House Bedford Open Minds Open Story Tellers Opening Doors Options for Life Orchard Hill College Out N About Oxford Philharmonic Parenting Special Children Balance carried forward |
2024 39,963 - - 1,000 - - - 750 - - 1,000 - 500 750 1,000 750 - - 1,000 1,000 750 500 - - 1,000 - - - - 750 500 - - 500 750 - 500 500 500 - 750 495 - - 750 55,958 |
2023 45,200 500 500 - 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 - 60,400 14 |
|---|---|---|
David Solomons Charitable Trust Year ended 5 April 2024 Grants Payable
| Balance brought forward Parenting Together Parity for Disability Peeps Pennyhooks Farm Trust People First Ltd Phoenix Enterprises Swindon Ltd Popsy Charity Priors Court ProgressAbility.org Prospero Theatre Purple Patch Reanella Trust Rescare Rett UK Revitalise Respite Holidays Rockinghorse Children's Charity Rossendale Trust Limited Rowan Humberstone Rubys Fund Salto Gymnastics Sam's Place NW Ltd Sasbah Scropton Riding for the Disabled Seashell Trust SELFA Services for Education Shooting Star Children's Hospices Side by Side Children Skills + Vol Cymru Skills for People Snaps Yorkshire Social Link CIC Soundabout Southwark Playhouse Space 4 Autism Spadework Ltd Sparkles (South Wales) Spectrum Gaming Springboard Square Peg Activities St Cuthbert's Roman Catholic Academy Trust St Werburghs City Farm Stanley Grange Step by Step London Balance carried forward |
2024 55,958 - - - 750 750 - - - - - - - - 750 750 750 750 - - - - - 750 - 500 750 2,000 - - - - 1,000 1,000 1,000 500 - 750 1,000 500 750 750 1,000 - 750 73,458 |
2023 60,400 750 1,000 750 - - 500 1,000 1,000 1,000 500 500 500 750 - - - - 750 750 500 500 1,000 - 500 - - - 500 500 750 500 - - - - 500 - - - - - - 500 - 75,900 15 |
|---|---|---|
David Solomons Charitable Trust Year ended 5 April 2024 Grants Payable
| Balance brought forward Steps Conductive Stick 'n' Step Stockdales of Sale, Altrincham & District Ltd Support Send Kids Swallow Ltd Swings and Smiles T.I.M.E The Assist Trust The Benedetti Foundation The Bluecoat The Brainwave Charity The Chamwell Centre The Change Foundation The Crumbs Project The Forest School The Freya Foundation The Grace Eyre Foundation The Hamlet Centre The Island Trust Ltd The Kent Autistic Trust The Mason Foundation The Move Partnership The Open Theatre The Orpheus Centre The Peter Pan Centre The Paperwork Trust The Propeller Trust The Royal Society for Blind Children The Stables Theatre The Thomley Hall Centre Limited Thomas Theyer End Thumbs Up Club Tikva TLC Foundation Toucan Employment Transforming Autism Treloar Trust Us In A Bus Variety The CCF Welsh National OP Wet Wheels Solent CIC Where I Want to Live Where Next White Lodge Balance carried forward |
2024 73,458 - 500 750 - - 1,000 - - 1,000 - 1,000 - - - - 750 750 - 1,000 500 750 750 - - 750 - 728 500 750 500 500 750 - 500 - - 750 - - - 750 - 1,000 - 89,686 |
2023 75,900 1,000 - - 500 1,000 - 500 500 - 500 - 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 93,190 16 |
|---|---|---|
David Solomons Charitable Trust Year ended 5 April 2024 Grants Payable
| Balance brought forward Whoopsadaisy Wildgoose Rural Work Limited Young Epilepsy Zero Limits WAP TOTAL |
2024 89,686 - - - 1,000 1,000 |
2023 93,190 750 750 500 - - |
|
|---|---|---|---|
| £ | 91,686 £ |
95,190 |
17
David Solomons Charitable Trust
Schedule of Investments and income for the Year ended 5 April 2024
| Equities Aberdeen Standard European Logistics Ord 1p Astrazeneca Ord 116.930796p 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 HSBC ETFS PLC MSCI Pacific International Consolidated Airline Ord Eur0.50 Invesco Markets III PLC UCITS ETF iShares S&P 500 J P Morgan Amer IT Ord 5p 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 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 Vanguard Funds PLC ETF Inc 3404p WH Smith PLC GBP.02209 |
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 - - I Holding |
45,020.00 31,500 - - Purchased on 12.06.23 49,997.93 27,507 Sale on 19.05.23 55,019.92 51,484 17,912.67 68,610 70,020.00 47,460 31,706.36 63,000 Sale on 15.08.23 Sale on 18.10.23 51,414.64 59,012 80,533.99 83,021 61,160.87 62,734 79,964.65 57,351 Sale on 27.04.23 - - 34,144.74 47,248 Sale on 12.06.23 71,572.46 97,305 Sale on 13.04.23 74,970.70 88,661 Sale on 13.04.23 7,801.69 13,531 Sale on 13.04.23 25,151.94 69,607 Sale on 18.10.23 50,020.00 19,025 - - Purchased on 18.10.23 44,206.89 37,659 - - Purchased on 27.04.23 37,764.66 140,234 30,310.70 152,662 Sale on 10.07.23 50,202.98 48,511 70,300.00 62,017 63,458.00 39,566 Sale on 18.10.23 35,300.90 67,932 29,984.82 41,983 19,685.05 40,050 39,991.34 70,875 Sale on 13.04.23 Sale on 18.10.23 12,167.89 59,962 60,142.47 93,568 55,465.99 131,733 28,640.13 75,640 Sale on 18.10.23 54,853.12 51,300 54,963.55 59,869 47,333.00 90,099 Sale on 13.04.23 Sale on 12.03.24 70,020.00 42,350 Sale on 18.10.23 33,076.08 44,413 60,559.10 64,790 Sale on 12.06.23 26,046.24 63,899 Sale on 12.03.24 - - Purchased on 12.03.24 - - Purchased on 13.04.23 1,730,885.46 2,366,168 nvestments at 5 April 2023 Cost Market Value |
340 (50,750) (660) (1,220) (3,177) (6,195) (6,050) (3,972) (535) 3,595 220 (1,865) (970) (910) (2,050) (6,175) (70,000) (70,000) (260) 1,770 2,640 Purchase / (Sale) |
340 (50,750) (660) (1,220) (3,177) (6,195) (6,050) (3,972) (535) 3,595 220 (1,865) (970) (910) (2,050) (6,175) (70,000) (70,000) (260) 1,770 2,640 Purchase / (Sale) |
39,757.47 (40,548.25) (19,870.63) (54,979.79) (43,610.45) (10,010.43) (9,998.26) (13,682.04) (10,012.71) 35,840.71 55,767.80 (13,932.65) (36,695.10) (24,988.65) (14,943.86) (20,111.02) (37,897.00) (61,411.61) (10,084.66) 60,246.02 40,419.40 Acquisitions and Re Cost / (Proceeds) |
(161.61) alisations Accrued interest |
(9,449.68) 11,114.90 (24,984.86) 9,465.71 2,733.37 1,956.19 5,880.35 5,846.68 11,344.30 (26,762.90) 11,510.09 9,072.63 9,892.47 (32,123.00) 852.51 5,539.68 (8,111.56) Profit / (Loss) |
45,000 340 - 810 1,870 70,000 1,730 45,220 75,200 36,550 - - - 54,735 50,350 - 2,695 50,000 3,595 25,750 220 4,300 19,975 615 32,100 - 6,017 58,800 3,631 1,790 1,135 36,550 20,500 7,950 450 46,700 22,428 - 31,860 - 1,230 1,770 2,640 Holding Inve |
45,020.00 26,640 39,757.47 36,108 - - 55,019.92 36,839 17,912.67 53,286 70,020.00 15,820 22,950.63 62,038 51,414.64 59,464 80,533.99 62,190 61,160.87 68,656 - - - - - - 64,295.40 75,261 66,928.63 20,769 - - 20,985.90 61,177 50,020.00 19,025 35,840.71 37,298 44,206.89 44,213 55,767.80 77,074 37,764.66 176,182 27,722.35 195,356 50,202.98 57,675 70,300.00 71,262 - - 35,300.90 62,156 29,984.82 37,750 19,685.05 26,056 26,512.78 59,392 12,167.89 56,461 60,142.47 94,665 55,465.99 175,808 22,768.90 68,927 54,853.12 43,605 54,963.55 46,233 37,114.45 73,003 - - 33,076.08 48,587 - - 21,501.26 47,195 60,246.02 60,698 40,419.40 34,558 Cost Market Value stments at 5 April 2024 |
45,020.00 26,640 39,757.47 36,108 - - 55,019.92 36,839 17,912.67 53,286 70,020.00 15,820 22,950.63 62,038 51,414.64 59,464 80,533.99 62,190 61,160.87 68,656 - - - - - - 64,295.40 75,261 66,928.63 20,769 - - 20,985.90 61,177 50,020.00 19,025 35,840.71 37,298 44,206.89 44,213 55,767.80 77,074 37,764.66 176,182 27,722.35 195,356 50,202.98 57,675 70,300.00 71,262 - - 35,300.90 62,156 29,984.82 37,750 19,685.05 26,056 26,512.78 59,392 12,167.89 56,461 60,142.47 94,665 55,465.99 175,808 22,768.90 68,927 54,853.12 43,605 54,963.55 46,233 37,114.45 73,003 - - 33,076.08 48,587 - - 21,501.26 47,195 60,246.02 60,698 40,419.40 34,558 Cost Market Value stments at 5 April 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| 26,640 36,108 - 36,839 53,286 15,820 62,038 59,464 62,190 68,656 - - - 75,261 20,769 - 61,177 19,025 37,298 44,213 77,074 176,182 195,356 57,675 71,262 - 62,156 37,750 26,056 59,392 56,461 94,665 175,808 68,927 43,605 46,233 73,003 - 48,587 - 47,195 60,698 34,558 |
||||||||||
| 1,730,885.46 | (190,745.71) | (161.61) | 1,532,028.19 | 2,191,422 |
18
David Solomons Charitable Trust
Schedule of Investments and income for the Year ended 5 April 2024
| I Holding Fixed Interest MI Twentyfour Dynamic Bond Gross I Inc 1,065 iShares II PLC GBP Idx-Linked GILTS ETF Inc 3,640 Henderson Investment Funds Ltd Fixed Interest Monthly Inc 105,800 UK Treasury 4.25% 07.03.2036 - UK Treasury 3.25% 31.01.2033 - UK Treasury 4.25% 07.12.2027 - UK Treasury 4.25% 07.06.2032 - UK Treasury 4.25% 07.09.2039 - UK Treasury 4.25% 07.12.2040 - Stockbroker Capital Account TOTAL INVESTMENTS Unrealised Gains ** This investment represents more than 5% of the portfolio at 5 April 2024 |
nvestments at 5 April 2023 Cost Market Value 111,920.24 97,081 Equalisation on 31.05.23 75,038.85 52,984 Sale on 15.08.23 109,759.07 95,749 - - Purchased on 12.06.23 Sale on 11.01.24 - - Purchased on 12.06.23 Sale on 11.01.24 - - Purchased on 15.08.23 Sale on 11.01.24 Sale on 12.03.24 - - Purchased on 18.10.23 - - Purchased on 18.10.23 - - Purchased on 11.01.24 296,718.16 245,813.36 9,005.71 9,006 2,036,609.33 £ 2,620,987.39 £ 584,378 £ |
T | Purchase / (Sale) (3,640) 46,000 49,500 0 36,380 38,880 40,000 otal movement in |
Purchase / (Sale) (3,640) 46,000 49,500 0 36,380 38,880 40,000 otal movement in |
Acquisitions and Re Cost / (Proceeds) (179.13) (46,519.20) 44,804.82 44,825.78 (2,269.52) 35,795.74 36,139.35 39,970.80 |
alisations Accrued interest (41.80) (225.87) (676.82) |
|---|---|---|---|---|---|---|
| 296,718.16 | 152,568.64 | (944.49) | ||||
| 9,005.71 | (2,228.06) | |||||
| 2,036,609.33 £ |
(£40,405.13) | (£1,106.10) | ||||
| t in | stockbroker deposit acc | |||||
T T T T I |
19