CHARrrY REGISTRATION NUMBER: 297275 Davld Solomons Charitable Trust Unaudited Financial Statements S April 2025
Davld Solomons Charitable Trust Financial Ststements Year ended 5 April 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements Grants payablo Schedule of investments 12 17
David Solomons Charitable Trust Trust8es' Annual Report Year ended 5 April 2025 The truslges present thr report and the unaudited financial statements of the charity for the year ended 5 April 2025. Relerence and admlnlstratlve d8talls Reglstered charlty name David Solomons Charitable Trust Charlty reglstration numb8r 297275 Prlnclpal offlce 22 Baker Street London W1U38W The trustees J J Rutter Ichairrnanl Dr R E B Solomons Mrs D J Huntinglord Mrs C Boys Mr A H Penny Ms Z Solomons Profesyional Advi$grs The professional advisers lo David Solomons CharIte Trust are as follows:_ Bankers G Hoare & Co. Solicitors Forsters 22 Baker Street London W1U3BW Investment Managers JMFinn&Co. 25 Coplhall Av8nu8 London EC2R 7AH Accountant8 Ceris Evans FCCA Parker O'Regan Tann & Co Chartered Certified Accountants Bangor Business Centre 2 Farrar Road Bangor Gwynedd LL571U
Davld Solomons Charilable Trust Trustees, Annual Report {contlnuod) Year ended 5 April 2025 Structure. governance and management The charty is conlrollod by ils goveming document, a deed of trust dated 24 June 1986, the settlor being David Edgar Bethel Solomon8, acting by Anne Josephine Shipp. the Deputy Prlncipal ol the Management DIs1on of the Court ol Protection. a Supplememal Deed dated 21 March 1987, as amended by an Order dated 12 November 2004, as arnended 3 March 2005, 2 March 2020. and 28 October 2022. The Irustges who have seNed during the year and since the year end are 8et out above. The Managing Truslges hold three meetings a year lo consider grant applicallons and decide on grants payable. The Managing Trustees are also rosponsible lor the management ol the Trusl's inveslmenls., henceforth the Managing Trusle&s wlll be referred to as thg Irustegs. Objectlves and actlvltles The trustees have wde discretions which they exercise by givirrtJ grants lo charitable organisatsons providing servioes or other benefits to persons suffering from learning difficults. Publle Benefit The trustees have complied wlth their duty to have due iegard to the guidance on publlc benefit published by the Charity Commlsslon. Achlevements and performan Th8 charity has continued lo benelil that section ol the public suffering from learning difficules. It has done so in a wide variety ol ways by SUPPDrting a diverse number of organlsations both loc and national working IOT the bgnelil ol those with learning drfficutties.
David Solomons Charitable Trust Trustees, Annual Report (contlnu•d) Year ended 5 Aprll 2025 Flnanclal revlew The allached financlal sta19ments show the currenl stale ol the financgs of the Trust. TransaGtions in investments durlng the yaar are detailed on the schedulè on pages 17 10 18 01 the accounts. Investment rnanagemenl lees amounted to £23,91612024'. £23,227). Income Fund inveslmenl incorne foi the year amoun18d lo £81,30412024.' £84,445). The Irusl made 104 grants during the year tolalllng £89,35212024'. 108 grants tolalling £91,686) as detailed in th8 notes lo the financial statemenls on pages 12 10 16. The Irusl has continued to oncentrate its support on chariii&s which benefit those with leaming difficulties. Downs Syndrome Association rec8ivgd a grant of £10.000 from the Capitd Fund, 1.9. Ihg ErQWment fund. All olhei granis ranging from £500 to £1,000 were paid frorn the Income Fund. Inveslmenl Pollcy Th8 investment policy adopted by the Irusl99s Is lo maintn both the capital value and income yigld ol the Trust porttolio in real terms, wth moderate exposure to risk. J M Finn & Co act as investment managers under th8 terms ol a di8cretionary agreement and their performance is rnonitored by the Iruslees on an ongoing basis. Reserves The Iruslees, policy has been to spend all available Income on grants. The trustees conslder all funds to be unreslricled and grants from the capital fund are made il a specific nèed arises. The trustees have made a three year commitment lo certwn organisalions but do not consider it necessary to keep a specllic reserve for this purpose. Risk Management The Iruslees have rewewgd the risks laced by the charity and have implemented systems to miligalg these risks. In partlcular, tho trustees conslder that the primary risk is a fall in the Charity's income. The risk has be8n mlligaled by adopting a suf(able Investment polley. All the organ5sations whlch are given granls are themselves registered charits'es and the risk of misappropriation ol funds donated is minimal. Trustees. responslbllltles statement The Iruslees aro Tesponsible for preparing Ihe Irusiees, report and the financial slatgments in accordance wrfch applicable law and Uni18d Kingdoffl Accounting Standards Iuniled Kirodom Generdly Accepted Accounting Practs'cel. The law applicable lo chariti95 in EnglaThJ and Wales rèquires the charity truslees to prepare financial statements loi each year which give a true and lair view ol th¢ slalg of affwrs ol the charity and of thg incoming resources and application ol resources, ot the charity lor that period.
David Solomons Charilablo Trust Trustees. Annual Report (cortlnwd) Year onded S April 2025 In pveparing Ihèse fmancial statements. the trustees are required to.. $81ect suttatlè a¢counling cleS and then aFpty them consistenlly,. ot6erve the methods and Principlgs in the appIable Charitigs SORP" make jutyients ar a(xounting estKnate8 Ihat are rea90te aThd prdL stat8 whelher aFpli¢atAe UK Accounting Standards have t>een followed, sleCt to any Matla1 dartureS disck)sed and explaln&J In the ffinanCI statements.. prepare the finan¢ial statements on the goiTrJ coreM basis unles8 It Is InaFfxopriate to wesume that the charity will continue in business. Th8 trustees afe resFonsiblè for kwing aduate accounting Iords Ihat are 8ulli(ient to show and oxptain the ¢harWs transaclions and rfisclose reasonable accuiacy at any time tho financial Fosilion of the charity and enable them to ensure Ihat the financial statements comply the Charilies Act 2011. the wlKable charit {Accounts and Reports) Regulations, and the 0VisiOnS ol the Trust Deed. They also responsljle for saf¢guaTding th• asséts of the ¢harty and henc6 for taking reasonablo steps for the prevent)n and detection of fraud and other iriegularities. The trustees, a al report was a[vrov and syned cm behall of lh8 board of trustees by. J J Ruttgr {Chaman> Trustee Dato approved by trustees: 11- a* Ita25
David Solomons Charilable Trust Independent Examlner's Report to the Trustees of Davld Solomons Charitab18 TNSI Year ended 5 Aprll 2025 I report to the trustees on my examination of the financial slatem8nls ol David Solomons Charitable Trust I'lho ¢harityl for the ygar gndgd 5 April 2025, Re¥ponslbllllle8 ond ba818 ol report As the charity's trustees ol Ihe Company land also ils dIreor$ for the purposes ol company lawl you are responsible for the preparation ol the accounts in accordance with the requirefflents ol the Companigs Act 20061'lhe 2006 Act'l. Having salisfled myself Ihal the accounts of the company are not required lo be audited under Part 16 ol the 2006 Act and are eligible lor independent examination, I report In respect ol my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Dlrèclions given by the Charity Commission under section 145151 Ibl ol the 2011 Act. Independent examlner's statement I have complèted my exarnina1. I confirm that no matters have come to my attention in connection with the examlnation glving me cause lo believe.. 1. Accountlng records were rt kept In re8peet ol the Company as required by secllon 386 ot the 2006 Act., or 2. The accounts do not accord with Ihosg records.. or 3. The accounts do not comply with the accounting requirements ol section 396 01 the 2006 Act olh8r than any requirement that the accounts giv& a 'true and lair view which is not a maller considered as part of an indep8rKlent examination. I have no concerns and have come across no other matters in connection wlh the examination io which attention shoujd be drawn in this report in order lo enable a proper understanding of the account& o be rBached. r Ceris Evans FCCA Independent Examiner Parker O'Regan Tann & Co Bangor Business Centr8 2 Farrar Road Bangor Gwynedd LL57 1 LJ
David Solomons Charltable Trust Stalemenl ol Financial Actlvllies Year ended 5 Aprll 2025 2025 Unrestricted Endowment funds funds Total funds Total funds 2024 Noi0 Income and endowments Inveslment inc0rn8 81,304 81,304 81,304 84,445 Total income 81,304 84,445 Expendlture Expenditure on raising lund8'. Investrnenl management costs Expenditure on charilablg activities Total expenditure 123,9161 123.9161 123.227) 112.2421 196.6721 198,6841 136,1581 1120,5881 1121,911 184,4311 I84,1) Net Ilossesl1gns on investments 13361 {125,7561 1126,0931 21,328 Net expenditure and ngt movement In funds 13,4631 1161,9141 1165,3771 116,1381 Reconciliation of funds Total funds brought forward Total funds carrled forward 34,919 2.578.432 2,613,351 2,447,974 2,629,489 31,456 2,416,518 2,613,351 The slalement ol linancial activlties includes all gaills and losses recognlsed in the year. All income and expendtture dorive Irorn continuing activities. The not9$ on pages 8 to 11 form part of thès• flnancl•l ¥tstgmpnls.
David Solomons Charilable Trust Stalement of Flnancial Posilion 5 Aprll 2025 2025 2024 Flxod 8s8ots Invesknents 2,438,866 2.603.017 Currnnt a$80ts Debtors Cash at bank and hand 10 653 15.205 14.668 14,668 15,858 Crodllorg: amounts falling due wlthln one year Net current as8•ts 11 5,560 9,108 2,447,974 2,447,974 5.524 10,334 2,613,351 2.613,351 Totsl assèts l•s• ¢urr•nt liabllltles Funds of the charlty Endowm1 funds Unrestricted lund$ 2,416.518 31.456 2.578,432 34.919 Total charlty fund# 2,447,974 2.613,351 These linartial statemants were awroved by the board ol trustees and aulhorised for i88ue and are sign&J on behal I the 8rd ty. J J Rutter Ichawrnan) Trustee Date approved by trLtstees.' 12& th2 Th• notes on paggs 8 to 11 ft>rrn pan of ihg50 flnon¢lal stslfjmgnts.
David Solomons Charitable Trust Notes to the Financial Statements Year ended 5 April 2025 General Inlormalion Thg charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address ol the principal ollice is 2 Highlield Road, Collier Row, Romlord, RM5 3RA. Slatement ol compliance These financid statements havg been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in Ihg UK and the Republic of Ireland,, the Statement ol Recomrnended PraclSce applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charitles SOAP IFRS 10211 and the Charities Act 2011. Accountlng pollcle$ Govgrnance costs Governance costs include those costs associated with meeting the conslilulional and slalulory requirements ol the oharity including th6 costs ol the preparalK)n and indep8nd8nt examination ol the financial stalernents. Accountancy arKI indgpondenl exarninalion legs are lo be charged equally as between eapital and income. Ba81s ol preparation The financial statem8nls have been prepared on the historical cost basis, as rnodilied by the revaluallon ol certain financial assets and liabilities and investment properties measured at lair valu8 through income or expendilLJre. The fSnanci& slalements are prepared in sterling, whlch is the functionat currency ol the entity. Invulmenl Income Investment income is accounted for in the period in which the charity is entitled to the receipt. Going concern There are no material uncertainlies about the charitys ability to continue. Charllable expendlture arKI grants payable Charitabl8 expenditure comprises grants payablè. related adminislralion and management costs and governance costs. Giants payable are recognised once they have beon approved by the trustees and notilicalion sent to the beneficiary organisation. Grant8 made are added back to general funds il the grant cheque has not been cleared wthin six months ol issue. Judgement$ and key sour¢os of estlmatlon un¢ertalnly The preparation ol thg financial statements requires management lo make judgements. estirnales and assumptions that allgcl Ihg amounts reported. These gstimales and judgements are continually reviewed and arè based on experience and other laclors, including expectations of lulure events that are believed lo be reasonable under the circumstances.
David Solomons Charllable Trusl Notes to the Flnancial Statements (eoyilinued) Year ended 5 Aprll 2025 Accountlng poll¢lè$ leontltrJu•dJ Fund structure The capital endowment fund is an exppndable endowment and is unreslricted. The income arising from the capital endowment is unreslricled. Rgcognltlon ol Income All income is included in the siaternenl of frnancld acttvities when the charity 18 8ntlUed lo the income, il is more likely than not that the income will b8 recelved and the amount can be quantified with reasonable accuracy. Expendlture Expenditure is rgcognised on an accruls basis as a liaknlity is incurred. Flxed asset Investmenis Inve8tsn8nl8 are staled al the closlng mid-mark8t value al th8 balance sheet dale. Any gaSn or loss on revaluatSon is taken lo the slalemeni ol financial activities. Investment Income Unrestricted Tolal Funds Unrestricted Total Funds Funds 2025 Funds 2024 Divldends from Equifjes and Unit Trusts UK Proparty Income DislribLrtlons Forgign Dlvidends ltherest from Fixed Interest Stocks Interest from UK Unil Trusts Bank interest reeeivable 33.647 6,531 19,278 10,656 10,591 601 33,647 6,531 19,278 10,656 10,591 601 37,441 5,977 19,102 11,196 9,905 824 37,441 5,977 19.102 11,196 9,905 824 81,304 81.304 84,445 84,445
David Solomons Charllable Trust Notes lo the Flnancial Statements fGontlnv•d) Year ended 5 April 2025 Expendlture on charllable actlvltles by fund type Unreslricled Endowment Total Funds Funds Funds 2025 Grants payable in year Administration Costs Support costs 79,352 2,787 2,292 10,000 89,352 2,787 4,533 2,242 84,431 12,242 96,672 Unreslricled Endowment Total Funds Funds Funds 2024 GTanls payable in year Administration Costs Support costs 81,686 2,425 2,311 86,422 10,000 91,686 2,425 4,573 98,684 2,262 12,262 Analy81s of support eosts Unreslricled Endowment Funds Funds Total 2025 Total 2024 Finance costs Accountancy Fee Indgp8ndenl Exarnination 52 1,668 573 52 3,336 1,146 55 3,300 1,218 4.573 1,668 573 2,293 2,241 4,534 Trustee remuneratlon and expen888 The Trustees recèived no rernuneration or other benefits durlng the year. Investments The rnarket value ol investments at thè year end was:_ 2025 2024 Equities Flxed interest stocks Cash on slod(broker capital account 2,079,908 353,054 5,904 2,191,422 404,817 6.778 2,603,017 2,438,866 A list of investment moverngnls and investments held al th& year end 1$ deiwled on pages 17 to 18. The cost ol the investments al 5 April 2025 was £1,795.13812024.' £1,963,394). 10
David Solomons Charitable Trusl Noles to the Flnanclal Stalements feonithu8d) Year ended 5 Aprll 2025 Analys15 01 movement of Investmen18 2025 2024 Market value ol Snv8simenis broughl forward Movemenl on stockbroker capital account Add.. purchases, accumulations and equali5alions Less.. disposals 2.603,017 2.620,987 18741 12,2281 267,832 513,471 1305,3531 1551,6481 2,564.622 1125,7561 2,580,582 22.435 IL0881 I galn In year Market vue ol investments carried forward 2.438,866 2.603,017 10. Deblors 2025 2024 Incorne Account 653 11. Credltors: amounts lalllng due withln one year 2025 2024 Accruals and defgrr9d income 5,560 5,524 12. Analysis of net a8s01s between funds Unrestricted Endowment Tol81 Funds Funds Funds 2025 Tangible IIx8d assets Currgnl assets Credrtors less than 1 year Net assets 22,348 14,668 15,5601 31,456 2,416,518 2.438,886 14,668 15,5601 2,447,974 2.416.518 UnreStrted Endowrnenl Total Funds Funds Funds 2024 Tanglbltr fixed assets Cuirent assets Creditors less than l year Net assets 24.585 15.858 15,5241 34.919 2,578,432 2,603,017 15,858 15,524} 2,613.351 2,578,432 13. Related partie¥ There were no related paty transactions durfng the year.
David Solomons Charitable Trust Year ended 5 April 2025 Grants Payable 21 Together Aberdeen Day Project Abllity Bow Ability Dogs 4Young People Abl8 Kidz Accuro Care Services Amy And Frlends Aoiles Sensory Bus Armonico Consort Ltd A55151iV GIC Autism 8edlordshire Aullsrn pUze$ Ltd Ayr United Football Academy Bag Brooks 8arking + Dag&nham Barnet Education Arts Trust Basingslok& Mèncap Bird Aid Birmingham Royal Ballet aloomin, Arts Limited Blue Apple Threalre Blyth Star Enterprises Ltd Bromley Mgncap Camden Arts Cenre Gamp Knak Camphill School Aberd99n Cann Bridgg School Fund CASBA Cda For Farnily Support Work Ggnlral Cheshire Buddy Scheme Certitude Support Chattersense Cherwell Theatre Company CHIPS Christ Church Academy Parent Teacher Assoeiation Chrysalis Holidays Cloverleaf Advocacy 2000 Lld Club Tikva Coactlvg Arts RIC Crackerjacks Crediton Cpngregalional Church Cr0s5house Children's Fund Crow-covenlryrecyclingofwaste Dales-n-mates DeslinaliDn Pond Meadow 750 540 1,000 500 750 500 1,000 750 1,000 1,ODO 1.000 1,000 1,000 750 750 500 500 500 500 750 500 750 750 1,000 1,000 1,000 500 750 1.000 912 1.000 750 soo 500 500 500 500 750 750 750 750 713 750 1,000 750 Balance carrSed loard 17,452 16213 12
David Solomons Charitable Trust Year ended 5 Aprll 2025 Grants Payable BJance brought lorward 17,452 16.213 Dingley's Promise Dogs For Autism Dogs For Good Downright Brilliant Newry Downright Excellent Downs Syndrome Associallon (from Capilall Down Syndrome Training & Support Service Ltd Drama Express Ea81 Kent Mencap Eastleighyoulh+Communitytrust English Touring Op9ra Limited Enham Trust Enrych Euans Guide Exelgr Gateway Centre Exrnoor Calvert Trust Fairfèld School Famllles United Network Flamingo Chicks Friends + Families Of SpecSal Frignds ol Ashton Secondary School Friends Of 8radslow School Frozen Light Gartmore FIDA Gareloch RDA GaNald Edlnburgh Gateway into the Cornfflunily Get2gelher Glasgow Group RDA Guideposts Trust Limited Handicapped Childrgn's 'ActiDn' Group Happy Days Childrens Gharity Hearts + Minds Ltd Helpful Hounds Assistance Dogs Helping Angels HF Trust knmiled High Hopes Riding Home Link Family Support In Touch I lfjds Unliad Imaginale Incredible Kids Inlgrest Link Borders Jessies Fund Kids Care London Icamp Horizonl 750 soo 750 750 750 10.0(KJ 10,000 1,000 750 500 1,000 1.000 750 I,(KlO 750 750 750 750 1.000 500 1.000 1,000 750 500 500 500 500 1,000 750 500 750 1,000 1,000 750 900 850 500 500 500 500 750 500 1,000 1,000 Balance carried forward 44.702 40,963 13
David Solomons Charitable Trust Year ended 5 Aprll 2025 Grants Payable 2025 44,702 2024 40.963 Balance brought forward Launchpad ISWI CIC Leeds Hospital Charity Leeds Weekend Care L&icesler College Let's Play Lewisham Speaking Up felilies Lighlyear Foundation Linkable Wokirig Liquld Listening Lisburn Downtown Cgnlre Little Hlccups Llttl8 Treasures Live Music Now SoLrth Wast London Philharmonic Orchestra London Riverside Church Lunch On The Run Magpie Danc Me2Club Musical Keys Musically Active Dudès Musicspace Trust Mustard Seed Autism Natural Ability Nelghbourhood Networks Newpalh ventures Ltd Northdaje Horticulture NDrthe¥n Butterfligs Oak Tree Farm Rural Project knmiled Open House Bedford Open Minds Open Story Tellers Options lor knte Orchard Hill College Parenting Special Childrgn Parents Supporting Down Syndrome Park Lane Stablgs Pennypil Special Needs Pennyhooks Farm Trust People First Lld Perkisound Gharilablg Inc Org Plus Forth Valley Lirniled Positive Behaviour Support Reach Soci& Foundation Rett UK 750 1,000 500 1.0 750 1,01)0 1.000 750 500 500 1,000 1.000 750 500 soo 500 1,000 750 750 500 500 500 500 500 1,000 500 600 750 500 500 500 750 495 750 1.000 750 1,000 750 750 1,000 1,000 500 I,ooo 750 Balance carriod lOard 59,302 58,208 14
David Solomons Charitable Trust Year ended 5 April 2025 Grants Payable 2025 59,302 2024 58.208 Balance brought forward Revilalise ResFMte HolidayB Rockinghorse Children's Charity Ros8endale Trust Limited Royal School For Th8 Blind Scampps In Surrey Scotland Yard Adventures Centre Scropton Riding lor the Disabled SELFA Sgnaid Services for Education Shine East Norfolk DSCT Shine21 DSCT Shooting Star Children's Hospices Snowtlake School DSCT Social Link GIC Son5hine Club Soundaboul Southwark Playhous¢ Spaco 4 Auti8m Space Cio Sparkles (South Wales Special Olympics Great Britain Specialneedsenlerprisesnorfolk Spectrum Gaming Springboard Squar8 Peg Act+¥e$ St Cuthbert's Roman Calholic Academy Trust ST Elizabeths Cenlrg Sl Wgrburghs City Farm Slèp by Slep LonO)n Slick'n, Slep Stockdales ol Sale, Allrlnchaffl & Dislrlci Ltd Swings and Srnil¢s The Abbey School Farnham Trust The Benedetti Foundation The Brainwave Charity The Brgn Project The Bridge Project The Crossbar Foundalion The Freya Fpundalion The Gra Eyre Foundation The Island Trust Ltd The Kent Autistic Tru81 Th8 London Syrnphony Orchiestra The Mason Foundallon The Move Partnership 750 750 750 1,000 1,000 500 750 500 1,000 750 I,oDo 750 2.000 750 1,000 1.000 1.000 1.000 500 1,000 750 1,OLIO 1.000 1.000 500 750 750 500 1,000 750 500 750 1,000 750 1,000 1.000 500 1,000 700 750 750 1,000 500 750 750 Balance oarried forward 73.752 82.206 15
David Solomons Charilable Trust Year ended 5 Aprll 2025 Granls Payable Balance brought forward 73.752 82,208 The Peter Pan Centre The Propeller Trust The Royal Sooiety lor eiind Children The Salvation Army Fundralslng The Stables Theatre The Thomley Hall Centre Mited The Wingale Special Childrens The Disabled Sailors AssOcatn The Mudlarks Communty Thomas Theyèr End ThDrnage Hall Ind. Liviro Ltd Thumbs Up Club Threads Thrive Tlme Away Time Out Group North West Tlny Tims Childrens Cenrtre TLC FOundatn Tracks Aulisrn Tree Of Hope Treloar Trust Voluntary Action Epplng Forest We are Beams weheelS Hamble Cl¢ Wel Whee18 Solenl CIG Where Next Whirlow Hall Farm Trust Ltd wsip Yateley Industries York Inspiralionai Kids Cic Young Epilepsy Zero Limits WAP 750 728 1,000 750 500 1,000 600 1,LKIO 500 750 1,000 1,000 750 1,000 750 500 500 500 750 750 1,fKJQ 750 750 1,000 1,000 500 1,000 1,000 1.000 1,000 TOTAL £ 89,352 £ 91.686 16
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