## **Trustees’ Annual Report for the period** **From 01/01/2023 Period start date To 31/12/2023 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 is
secular subjects or lectures of and
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
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|All Trustees are guided to the information
published by the Charity Commission, and
the objectives of this Charity. All
applications are discussed, and decisions
arrived at jointly.| ## **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|A grant of -**£25,000**was made to support the
delivery of a joint project between two schools
within the area of benefit that had been
proposed to Trustees by LDBS. This project will
provide opportunities for pupils to benefit
from a more rounded curriculum, expose them
to new skills and the effects of engaging in new
activities, encourage them to pursue new
interests. It will also provide professional
development for staff and raise the profile of
the school and promote the subject to families
and the community.
The professional Fundraiser achieved an initial
grant from a charitable Foundation within six
months of his appointment and Trustees have
agreed to retain his services.| **Additional information (optional)** You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41 set |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 just under £21,000. This is**
**lower than in previous period when it**
**had not been possible to make any**
**grants. Towards the end of the period**
**the Charity was successful in a bid for**
**funds from a charitable foundation in**
**respect of one of the projects proposed**
**by LDBS. These funds are reflected in**
**the figure and will be disbursed in the**
**early part of the new 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|**£20,857**| |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
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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)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|_N J Daubeny_|| |---|---|---| ||Nicola Jane Daubeny|| ||
Clerk and Trustee|| ||10/10/24|| ||10/10/24|| REGisfERED CHARITY NUMBEIL. 312314 Coopws&Co Ltd 204 Hckot Road North*mptonsN NN6 08G FOithI Financial State BER 10 BER 2023 prepwing their aCC￿￿nts in accordance V•ith the FmrKial Rwting Stznd¥d appfK2ble In the UK Republic of Irda￿1 (FKS 102) (effective l January 2019). STRUCTUR4 GOVERNANCE AND MANAGEMwr Governing document REFERENCE AND ADMINisfRATIVE DEfAILS Registerèd Charity number 312314 Princiyl addr•ss c￿3￿ House Old Monmuth Road Longhopt Gtoucester5hir• GL170NZ F S Watson Lead Trustéè J H W Davls Chair C Gould A Gould E Mitch S Davis KLBoa8 NIDaub MWDwls L E ￿￿￿11 W W Da¥ls Ind•P￿d•ne Exwnin•r Mr Kupesh Pat Coopers&Co L Thistledovm Blm 204 Hc4cth Ro Sywell NorttrAmpton Nc*tPAmpton$hire NN6 OBG F S Wlatson- Trustee w￿l￿rn D Ind•p•ndent examiiier'5 report to the trustees ofwilliam Da¥is's Educational Foundation I report to the ctwity tnw orl my ex2mw)ation of the accounts of VIll￿M EdurationJl Foundatoon (the Trnrt) fcr the year ended 31 Decembtr 2023. Responsibilib95 and basis of report of the Charttie5 Act 2011 fthe kn). I report in respect of my examin*ion of the Trust's accounts carried our undw Sth 145 of the kn and In arrying my examlnation I have foliowwj all aP￿¢8ble thr￿tIO￿ by theFharity Coffffii55w)n urhkn knion 145(5)Ib) of the ACL acc.. ￿nanda￿.Rep(rtng Standard 102 The Ffjnancial Standard applicable in the UK and RepLth Irf lth. and the qRrities Act 2011. statements have been prepared Incom• All inc(xne Ls r¥-wTrsed in the Statemwx of ￿￿11￿131 ACtiVrt￿ On￿ charity has mtitlem￿th to the lunds. Itls probable Expendltuve tndlturt it Is probabte thrt a transfer of b•ths why be ￿￿red in Sery1￿￿t and the am￿nt of the oblig*tion can be measwed rehabty. EX￿lit[rt Is xcwntwj fv on an basis and has been dassified under hèadings that a8yeKate il ¢ost rdat•l to the ca¢qtry. V¥hwe costs Can￿ be attrltrrtrt￿ to part￿lIr heading5 Taxation Fynd a¢¢ountlni Unrestricted fijnds can be usal In accordarte thè Ch¥1￿ ob￿l￿e5 at dI￿re￿ ofthe trustees. Intan8ibl• awts Impalrnient los INVESTrIEKf INCOME 2023 2022 29.512 27.627 15 29.693 27.642 DA 31 RAISING FUNDS 2023 2022 Fundraising costs Charitable donatic￿$ Support costs 5,447 25.1100 1.744 1.124 32.191 1.124 TRUSTEES. REMUNERATION AND BENEFITS 31 December 2021 . 2023 2022 COMPARATIVES FOR THE sfATEMEMf OF FINANCIAL ACTivmES un￿5￿1￿￿1 hjnd INCOME AND ENDOWMEPfft FROM Inv•stm•)t irKome 27.642 27.742 EXPENDITURE ON Pjlsing fvnds 1.124 Net rdlnsloossw) irfywtm {40.207) NET INCOMEI(EXPENDmJRE) (13,5891 RECONCIUATION OF FUNDS Total fvnds brou8ht frknvard 871071 TOTAL FUNDS CARRIED FORWARD 858,282 EMBER 2023 FIXED ASSEf INVESTMEKrs Unlisted MARKET VALUE At l JIn￿ry 2023 Addiiions Revaluations 807,528 30.000 42,509 A¢ 31 D￿ernber 2023 880,037 NET BOOKVALUE At 31 Decembw 2023 880.037 At 31 D￿ernber 2022 807,528 Cost or fdluation at 31 D￿ernber 1023 Is br. Unllsted Valuatic￿ in 2022 Valuatk4) in 2023 (40.206) 42,509 877.734 880,037 CAEDITORS: AMouKfs FAWNG DUE WITHIN ONE YEAR 2023 2022 1.499 MOVEMENT IN FUNDS At 1.123 Mi fijnds 31.12.23 Unrestrirted funds General fund 858282 41.113 899.395 TOTAL FUNDS 41,113 899.395 ¢L￿tinUed.. ND CEM MOVEMENT IN FUNDS. continued in funds General fu￿1 33.79S (35.191) 41509 41.113 TOTAL FUNDS 33,795 {35.191) 42509 At 1.122 hJThAs 31.12.22 unr￿t￿¢¢4d ￿Thd* Ga)eral fund 871071 113589) 858.282 TOTAL FUNDS 871MTI' (13.589) 858282 ins and )55es Movement In ￿ndS Unrestrlct4d thnds G￿traI fL￿d 27,742 11.124) (4020n 113,589) TOTAL FUNDS 27.742 (1.124} (4020T) {13.589) Net At 1.1.22 31.12.23 General fund 871071 27.524 899,395 TOTAL FUNDS 871071 27,524 899.395 Sta BER 202 MOVEMENf IN FUt4DS. contiTh*d Gains 3nd Movemenr in tunds General fuThl 61337 (36J15) 1302 27.524 TOTAL FUNDS 61.537 (36315) 1302 27.524 RELATED PARTrDISCLOSURES MBER 2 2023 2022 INCOME AND ENDOWMEKrs Donations 4.102 Inrmstment iKom Other fixed asset invett. Fll Deposit account intern 29512 27.627 15 29.693 27.642 Total incomin¥ r••ourc 33,795 27,742 ÈXPENDITURE R4hing donatlons and l•ga¢l•• Fundralsing costs Chthtable dolla￿ry 5.447 30,447 Support wxts G¢w•rnann NortIW￿shIre NN6 (EG 19 Awll 2024 WILLIAM DAVIS'S EDUCATIONAL FOUNDATION Statement of Financial Activities for the ar ended 31 DECEMBER 2023 2023 2022 Total fijnds Unrestiicted Notes INCOME AND ENDOWMENTS FROM Donatify)s and logacies 4.102 100 Irwesunerrt income 29h93 27,642 Total 33.795 27,742 EXPENDITURE ON '5ing fuThJs 32.191 Other 1.124 Total 35.191 1,124 Net gainsl{losses) on investmerrts 41509 140,207) NET INCOMEI(EXPENDITURE) 41.113 (11589) RECONCIUATION OF FUNDS Tcrtal fvnd5 bro￿lt foThvard 858282 871071 TOTAL FUNDS CARRIED FORWARD 899,395 85&182 The notes forni F￿rt ofthesefinancial statements Page 3 WILLIAM DAVIS'S EDUCATIONAL FOUNDATION Balance Sheet 31 DECEMBER 2023 2023 Un￿$t￿cted fijnd To funds Notrs FIXED ASSErs IrNestsnents 880,037 807,528 CURRENf ASSErs Cash at bank 20057 50.754 CREDITORS ounts falling due within one year (1,499) NEf CURRENT ASSETS 19,358 50,754 TOTAL ASSETS LESS CURRENT UABILITIES 899,395 858,282 NET ASSErs 899,395 858,282 FUNDS Lknrestricted thnds 899.395 851282 TOTAL FUNDS 899,395 858,282 f#)ancial stttements were approved by the Board of Tr￿teeS and authorised for IssL￿ ijn 19 2024 and were wed on its behalf br. F S Watson- Trustee The r￿teS fom Fart ofthese financial statements WILUAM DAVISS EDUCATIONAL FOUNDATION Not¢$ to the Financial Statements for the year ended 31 DECEMBER 2023 ACCOUNTING POLICIES asis of preparing the financial st*ements The financial statements of the tharity. which is a publi¢ benefit entity L￿der FRS 101 have been prepared in accordance with the Charities SORP (FRS 102) 'AccOun￿n8 and ReFx)rting by charity￿ Statement ¢f Recommended PrnC¢i￿ applicable to tharities preparing their accounts in accordan¢e with the FiEwKoI Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffe¢tiv¢ l J*)uary 20191,, Financial Reporting Stand3DI Illl 'The Financi￿ Reporting Stanthrd applicable in the UK and RepL*Jlic of Ireland. and the Charities Art 2011. Tr financial statements have been prepared under the historical cost convention, with the ex¢epuon of investments which are inchjded at market valu4 as modrf*d by the revaluation of certain asse Income All income is reCo￿lSed in the Statemptht of Finan¢ial AttNities ¢no the tharity has ents'dement to the funds, it 15 probable thatthe income will be received and the am¢)unt can be measured reliably. Expendlture Liabilities are recognised as expeThJiwre as soon as there is a legal or ccfistructive obliga11￿ wmmittyng the charity to that expeThJiture. it is probable that a transfer of ¢¢￿tsM1¢ benefits will be requir¢d in settlement and the amount of the obligation can be measured reliably. Expendit¥Jre is accountsd for on an accruals Easis and has been classrfied under headings that aggregate all ￿$1 related to the ¢2tegory. Where ¢¢>sts ¢3nnot be dirertty attributed to partiojlar headings they have been allocated to activities on a basis consistent with the use of r￿Q￿r(e& Taxation charity is exemptfrom tax on its charitable a¢vvities. Fund accounting Unrestricted knnds can be used in accordan￿ with the charitable objectives at the discretion of the tru5tee& Restricted funds can onty b¢ used br ptirtsajlar restrirted purposts within the objects of the charty. Restrictions arise when speciffied by the donor or when ffijnds are rnised for particular restsicted wrposes. Further explanation of the nature and purpose ¢f each fLW)d is in¢luded in the notes to the financi￿ stat￿)er¢s. Intanglble assets Intawble assets are iiNtiaily recorded at ¢os¢ and ¥e sub5equendy stated at cost le&$ any accumulated am¢Ytlsation and impairment losse INVESTMENT INCOME 2023 Other r￿ed asset invest- Fll Deposit account interest 29.512 27,627 15 29,693 27.642 Page 5 continued... WILLIAM DAVIS'S EDUCATIONAL FOUNDATION Notss to the financial Statements. continued for the ar ended 31 DECEMBER 2023 RAISING FUNDS Raisin8 donations and le8acie5 2023 Fundraising costs Charit*lè donations Support costs 1447 25.OCQ 1,744 31191 TRusfEES' REMUNERATION AND BENEFITS There were no trustees, remunerati￿ or other be￿￿ts for the year ended 31 December 2023 Th)r ftr the year ended 31 Decemter 2022. Trustees. expenses 2023 2022 Tru5te&s' expenses 189 174 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestiicted [￿d INCOME AND ENI)OWMENTS FROM Donations and legxies InYe5tsnent income 27.642 Total 27.742 EXPENDITURE ON Other 1,124 Net gwnsloosses) on inYe5tments (4Q207) NEf INCOMEI(EXPENDITURE) {13589) RECONCILIATION OF FUNDS Totsl funds brought fc¢ward 871,871 TOTAL FUNDS CARRIED FORWARD 858282 Pa8e 6 c¢)ntinued.- WILLIAM DAVIS'S EDUCATIONAL FOUNDATION Notes to the Financial Statements- continued for the ar ended 31 DECEMBER 2023 FIXED ASSEf INVESTMENTS Unlisted inves¢ments MARKEf VALUE At l January 2023 Additions Revaluati¢)ns 807,528 42,509 At 31 December 2023 880,037 NEf BOOK VALUE At 31 D¢¢ember 2023 880,037 At 31 December 2022 807,528 T￿re woxe no investmen¢ assets fAJtside the UK. Cost orvaluation at 31 December 2023 is represented by. UnliS￿d invests))ents Valuation in 2022 Valuation in 2023 Cost 14Q206) 42,509 8T1,734 880,037 CREDITO￿. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Other ryedtcors 1,499 MOVEMENT IN FUNDS Net movement At 31.IZ23 At 1.123 in fvnds Unrestrlrted funds Genernl fund 858.282 41,113 899,395 TOTAL FUNDS 8M282 899J95 Page 7 continued.. WILLIAM DAVIS'S EDUCATIONAL FOUNDATION Notss to the Flnanclal S¢atements- tontinued for the year ended 31 DECEMBER 2023 MOVEMENT IN FUNDS- contlnued Net movement in funds included in the above are as follows: Incoming resources Resour¢es expeThJed Gains and losses Movement in funds Unrestricted funds Ge￿ra1 frjnd 33,795 {35,191) 41509 41,113 TOTAL FUNDS 33,795 135,1911 42,509 Comparative5 for movement in funds Net At 31.12.22 At 1.112 in fimds Unrestricted funds General fuTh 871,871 (11589) 85&282 TOTAL FUNDS 871.871 {13,$89) 858282 Comparniive nÉt movement in furlds, included in the above are as follow& Incoming reswr Resources experKled Gains aTh lo>s¢s r*kJvement in fund5 Unrnstrirted knnds General 27,742 (1.124) 14Q2071 (11589) TOTAL FUNDS 27,742 (1,124) {40,207} {13,589} A cuThent year 12 month5 and witx year 12 months combined position is a5 fdlow& Ne¢ movement At 31.IZ23 At 1.122 in funds Umestrlrted funds Genernl ￿nd 871,871 27524 899.395 TOTAL FUNDS 871,871 27.524 899,395 Page 8 continued_ WILLIAM DAVIS'S EDUCATIONAL FOUNDATION Nots5 to thè Financial Statements. Con￿Ued for the ¥ ¢nd¢d 31 DECEMBER 2023 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movemert in thjnds, included in the above are as folltN& Incuning restyjrces Resourtes expended Gains and Ios5e5 Movement in funds Unrestricted knnds Ger*rnl fund 61,537 (3&315) 1302 27,524 TOTAL FUNDS 61.537 {36.3151 1302 27,524 RELATED PARTY DISCLOSURES There were no related party trar￿e￿Or￿ for the year ended 31 December 2023. WILLIAM DAVIS'S EDUCATIONAL FOUNDATION Detailed Statement of Financlal Actfvltles lor the ar ended 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legaci Donations 4,102 Inv¢stm¢nt hKome Other fixed asset invest- Fll Deposit account interest 29.512 27,627 15 29.693 27,642 Trtal Incomlng resources 33,795 27.742 EXPENDITURE Raising donations and legacies ndrwsing costs Ctrthritable de￿￿0￿5 5,447 25.000 30,447 S4>port costs Governxe costs 189 1.555 3,0)0 174 950 Com[￿￿ costs Accountancy and legal f 4.744 1,124 Total res¢4Jrces expended 35,191 1,124 Net (expenditureyincome b¢for¢ gains and losses (1,396) 2&618 Realised recognls¢d galns and losses Realised pIn￿(l(￿SeS) on fixed asset investmen 41509 (4a207) Net incomel(expendlture) (13,589) TNS page does not form part of the statutory finan¢411 ststements Page 10