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2022-12-31-accounts

Trustees’ Annual Report for the period

From 01/01/2022 Period start date To 31/12/2022 Period end date

Charity name: William Davis’s Educational Foundation

Charity registration number: 312314

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 (A) A SUNDAY SCHOOL, OR
CLASSES FOR RELIGIOUS
INSTRUCTION IN
ACCORDANCE WITH THE
DOCTRINES OF THE CHURCH
OF ENGLAND; (B) EVENING OR
OTHER CLASSES FOR
INSTRUCTION IN SECULAR
SUBJECTS, OR LECTURES OF
AN EDUCATIONAL
CHARACTER; (C) PHYSICAL
INSTRUCTION; (D) THE
ADVANCEMENT OF
EDUCATION BY MEANS OF A
LIBRARY OR READING ROOM;
(E) OTHERWISE PROMOTING
THE EDUCATION OF
CHILDREN; CANDIDATES FOR
THE BENEFITS MENTIONED
ABOVE TO BE POOR
CHILDREN RESIDENT IN THE
BENEFICIAL AREA OF THE
METROPOLITAN BOROUGHS
OF STEPNEY AND HACKNEY
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 Grant giving to support extra-curricula
activities in schools in the benefit area.
Statement confirming
whether the trustees have		 Para 1.18 All Trustees are guided to the information
published by the Charity Commission, and

had regard to the guidance the objectives of this Charity. All issued by the Charity applications are discussed and decisions Commission on public arrived at jointly. benefit

Additional information (optional)

You may choose to include further statements where relevant about:


SORP reference
Policy on grant making Para 1.38 Grants are offered to Schools proposed by
and operating within the ambit of the London
Diocesan Board for Schools (LDBS). The
Trust’s original Governing Document is
geographically restrictive. Trustees give
priority to applications from Schools within
this area and will only approve grants
outside the traditional area of benefit when
the project demonstrates innovation and
transferability.
Policy on social investment
including program related
investment		 Para 1.38 n/a
Contribution made by
volunteers		 Para 1.38 n/a
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 No grants have been made during this
accounting period as no viable
applications have been received. The
Trust has appointed a professional
Fundraiser to allow support for a
number of projects that have been
proposed by LDBS

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the period the Charity held
reserves of over £50,000. This is higher
than in previous years and is due to it not
having been possible to make any grants
during the period.
The Charity’s income is derived almost
entirely from two investment funds, the
performance, risk and costs of each
being reviewed annually.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Reserves will be held to allow a degree of
flexibility in grant-making, to mitigate the
potential for this being affected by
cashflow, to allow support for
exceptional projects, and cover any
unexpected expenditure.
Amount of reserves held Para 1.22 £50,754
Reasons for holding zero
reserves		 Para 1.22 n/a
Details of fund materially in
deficit		 Para 1.24 n/a
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 n/a

Additional information (optional) You may choose to include further statements where relevant about:


The charity’s principal
sources of funds (including
any fundraising)
Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Foundation CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Election to post

Additional information (optional)

You may choose to include further statements where relevant about:


Policies and procedures
adopted for the induction and
training of trustees
Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51 We support Schools within the ambit of
the London Diocesan Board for Schools
(LDBS)
Other

Reference and Administrative details

Charity name William Davis’s Educational Foundation
Other name the charity uses Davis Trust
Registered charity number 312314
Charity’s principal address Coglan House
Old Monmouth Road
LONGHOPE
Gloucestershire
GL17 0NZ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
John Henry William
Davis		 Chair
Charles Stuart
Gould		 Trustee
Alexandra Gould Trustee
KayLouise Boag Trustee
Sean Davis Trustee
Elspeth Mitchell Trustee
Lynn Elizabeth
Maxwell		 Trustee
Mark William Davis Trustee
Walter William
Davis		 Deputy Chair
Fiona Saunders-
Watson		 Treasurer
Nicola Jane
Daubeny		 Clerk
Cecilia Jane Paton Trustee

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) N J Daubeny Full name(s) Nicola Jane Daubeny

Position (eg Secretary, Clerk and Trustee Chair, etc)

Date

03/10/23

William Davis Educational Foundation

Year End 31.12.2022
Went online to get the balance
Cash Book Current Account - 03512339
Jan Feb Mar
Apr		 May Jun
Jul		 Aug Sep
Oct		 Nov
Dec		 Total
Bal C.f 14,136.77 20,394.59 20,394.67 20,394.75 26,667.98 26,583.86 26,584.68 34,230.66 34,231.56 34,233.37 40,827.55 40,833.30 14,136.77
Income
Interest 0.08 0.08 0.08 0.70 0.88 0.82 0.79 0.90 1.81 3.26 5.75 0.08 15.23
Div - 4038913 4,539.78 4,304.79 5,252.34 .
4,873.32		 18,970.23
Div - 4038914 2,073.16 1,967.74 2,392.85 2,222.80 8,656.55
Donations 5.00 94.80 99.80
Tsf from savings 10,000.00 10,000.00
Sub Total 6,613.02 0.08 0.08 6,273.23 5.88 0.82 7,645.98 0.90 1.81 7,099.38 5.75 10,094.88 37,741.81
Expenses
AGM Expenses 173.92 173.92
-
-
Website 355.20 90.00 505.20 950.40
Reinvestment -
-
Sub Total 355.20 - - - 90.00 - - - - 505.20 - 173.92 1,124.32
Bal C/fw 20,394.59 20,394.67 20,394.75 26,667.98 26,583.86 26,584.68 34,230.66 34,231.56 34,233.37 40,827.55 40,833.30 50,754.26 50,754.26
Cash Book Reserve Account - 17099919
Jan Feb
Mar
Apr
May
Jun		 Jul
Aug
Sep
Oct
Nov
Dec		 Total
Bal C.f 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Income
-
-
-
Sub Total
 - - - - - - - - - - - - -
Expenses
-
Tsf to Current accoutn 10,000.00
Sub Total
 - - - - - - - - - - - 10,000.00 10,000.00
Bal C/fw 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 - -

William Davis Educational Foundation

Accounts for the year ended 31 December 2022

Income
Investment Income
Donations
Interest		 £
27,626.78
99.80
15.23
27,741.81
Expenditure
Expenses
Website
Income less Expenses		 173.92
950.40
1,124.32
26,617.49
Cash
Current Account
Reserve Account		 50,754.26
-
50,754.26

William Davis Educational Foundation

Black Rock Valuation Valuation as at 31/12/2022

Valuation as at 31/03/2023

Fund
Accumulation of Income - S.R>.
BLK Charities UK Equitiy Fund A Ltd
GB00BFBFWK47
BLK Charities UK Bond Fund A Inc
GB00BFBFWK23
Permanent Endowment - S.R
BLK Charities UK Equitiy Fund A Ltd
GB00BFBFWK47
BLK Charities UK Bond Fund A Inc
GB00BFBFWK23
Cash as at 24 November 2022
Current Account
Savings Account		 No. Of Units
Bid Price
Value
75803.8
690.4191 523,363.91
21672.796
145.9318 31,627.50
554,991.42
34009.063
690.4191 234,805.07
12150.521
145.9318 17,731.47
252,536.54
£ 807,527.96
50,754.26
-
50,754.26		 Value @ 31/12/2021
No. Of Units
Bid Price
Value
542,300.39
75803.8
708.7042 537,224.71
39,812.93
41836.837
147.8938 61,874.09
582,113.31
599,098.80
243,300.84
34009.063
708.7042 241,023.66
22,320.51
12150.521
147.8938 17,969.87
265,621.34
258,993.53
£ 847,734.66
£ 858,092.33		 Value @ 31/12/2021
No. Of Units
Bid Price
Value
542,300.39
75803.8
708.7042 537,224.71
39,812.93
41836.837
147.8938 61,874.09
582,113.31
599,098.80
243,300.84
34009.063
708.7042 241,023.66
22,320.51
12150.521
147.8938 17,969.87
265,621.34
258,993.53
£ 847,734.66
£ 858,092.33
£ 858,092.33

Prepayments

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27.642 Trt 27.742 {wi {115091 871871

31 DKEMvIHt 2022 917S4 NEf CURAEKfASSETS 9).7Y UAWUTIÉS FUNDS TOTAL FUNDS fts

27￿7 27M2

174 Atllw 847.735 1402071 At JI D•r•nLv>J22 Lknltht*d 2022 140,2061 847.734 75 1.122 31.IZ22 lJ71 871MI

27.KL {1.124) IIXS891 Z7.742 11.1241 14U)71 1115891

27A27 27.6¢1 27.742 174 950 1.124 26,618 113J891