## Trustees’ Annual Report for the period
From 01/01/2024 Period start date To 31/12/2024 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 Diocese of London|
|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 and fund-raising for projects 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|Trustees are guided to the information
published by the Charity Commission, and
understand 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 may be offered to Schools
proposed by and operating within the ambit
of the London Diocesan Board for Schools
(LDBS). Projects that require additional
fund-raising may be adopted and
supported.|
||||
|---|---|---|
|Policy on social investment
including program related
investment|Para 1.38|Not applicable|
|Contribution made by
volunteers|Para 1.38|Not applicable|
|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|Grants have been made to support three
projects for which there has been additional
fund-raising activity. Trustees were
pleased to note that their support directly
resulted in the successful raising of the
outstanding funds required to deliver the
whole project.
Schools report that the projects are
enhancing delivery of the National
Curriculum to a wide base of students and
give them opportunity to express ideas and
tell stories in new ways.
The services of a professional Fundraiser
have been retained.
The area of benefit has been formally
extended to the entire area of the Diocese
of London giving access for many more
schools.|
## 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|Para 1.41||
|set|||
|---|---|---|
|Investment performance
against objectives|Para 1.41||
|Other|||
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 a
cash balance of £15,508 and the value of
the investments showed an increase of just
over 9% over a five year average.
Trustees have agreed to review the
investment strategy in line with the policy of
optimising income and ensuring long-term
capital growth|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Trustees aim to disburse all funds available
after costs to beneficiaries annually. If
insufficient eligible applications are
received a proportion of available funds
may be reinvested, the remainder held as
cash or in a deposit account.
Funds may be held as cash or in a deposit
account to cover unforeseen costs or other
need for funds; fund short-term deficits in a
cash budget; support projects that require
the charity to provide matched funding.|
|Amount of reserves held|Para 1.22|£15,508|
|Reasons for holding zero
reserves|Para 1.22|Not applicable|
|Details of fund materially in
deficit|Para 1.24|Not applicable|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Not applicable|
## 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|
The principal source of funds is an
investment fund which is managed to
generate income that is used directly for
the activities of the Charity.|
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
||||
A description of the principal Para 1.46 risks facing the charity 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 Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works The Charity works closely with the London Relationship with any Para 1.51 Diocesan Board for Schools (LDBS) related parties 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 Davis|Chair|||
||Walter Davis|DeputyChair|||
||Fiona Saunders-
Watson|Treasurer|||
||Mark Davis|Trustee|||
||KayBoag|Trustee|||
||Charles Gould|Trustee|||
||Alexandra Gould|Trustee|||
||Elspeth Mitchell|Trustee|||
||Lynn Maxwell|Trustee|||
||Sean Davis|Trustee|||
||Cecilia Paton|Trustee|||
||Nicola Daubeny|Clerk|||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – 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 held in this capacity Not applicable
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
Not applicable
## 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 Chair, etc)
Date
28/08/2025
**REGISTERED CHARITY NUMBER: 312314**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2024**
**for**
## **WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
Coopers&Co Ltd Thistledown Barn 204 Holcot Road Sywell Northampton Northamptonshire NN6 0BG
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Contents of the Financial Statements for the year ended 31 DECEMBER 2024**
||**Page**|
|---|---|
|**Report of the Trustees**|1|
|**Independent Examiner's Report**|2|
|**Statement of Financial Activities**|3|
|**Balance Sheet**|4|
|**Notes to the Financial Statements**|5 to 9|
|**Detailed Statement of Financial Activities**|10|
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Report of the Trustees for the year ended 31 DECEMBER 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
312314
## **Principal address**
Coglan House Old Monmouth Road Longhope Gloucestershire GL17 0NZ
## **Trustees**
F S Watson Lead Trustee J H W Davis Chair C Gould A Gould E Mitchell S Davis K L Boag N J Daubeny M W Davis L E Maxwell W W Davis
## **Independent Examiner**
Mr Kupesh Patel Coopers&Co Ltd Thistledown Barn 204 Holcot Road Sywell Northampton Northamptonshire NN6 0BG
Approved by order of the board of trustees on 3 June 2025 and signed on its behalf by:
F S Watson - Trustee
Page 1
**Independent Examiner's Report to the Trustees of William Davis's Educational Foundation**
## **Independent examiner's report to the trustees of William Davis's Educational Foundation**
I report to the charity trustees on my examination of the accounts of William Davis's Educational Foundation (the Trust) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Kupesh Patel The Association of Chartered Certified Accountants
Coopers&Co Ltd Thistledown Barn 204 Holcot Road Sywell Northampton Northamptonshire NN6 0BG
3 June 2025
Page 2
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Statement of Financial Activities**
## **for the year ended 31 DECEMBER 2024**
|Notes
2024
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
7,500
Investment income
2
31,377
**Total**
38,878
**EXPENDITURE ON**
Raising funds
3
42,667
Other
1,620
**Total**
44,287
Net gains/(losses) on investments
18,787
**NET INCOME/(EXPENDITURE)**
13,378
**RECONCILIATION OF FUNDS**
Total funds brought forward
899,395
**TOTAL FUNDS CARRIED FORWARD**
912,772|2023
Total
funds
£
4,102
29,693
33,795
32,191
3,000
35,191
42,509
41,113
858,282
899,395|
|---|---|
The notes form part of these financial statements
Page 3
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Balance Sheet**
## **31 DECEMBER 2023**
|**FIXED ASSETS**
Notes
Investments
6
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
8
**TOTAL FUNDS**|2024
Unrestricted
fund
£
898,824
15,508
(1,560)
13,948
912,772
912,772
912,772
912,772|2023
Total
funds
£
880,037
20,857
(1,499)|
|---|---|---|
|||19,358|
|||899,395|
|||899,395|
|||899,395|
|||899,395|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 May 2025 and were signed on its behalf by:
F S Watson - Trustee
The notes form part of these financial statements
Page 4
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Notes to the Financial Statements**
## **for the year ended 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Intangible assets**
Intangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated amortisation and impairment losses.
## **2. INVESTMENT INCOME**
|Other fixed asset invest - FII
Deposit account interest|2024
£
31,077
300
31,377|2023
£
29,512
181|
|---|---|---|
|||29,693|
Page 5
continued...
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Notes to the Financial Statements - continued**
## **for the year ended 31 DECEMBER 2024**
## **3. RAISING FUNDS**
|**Raising donations and legacies**
Fundraising costs
Charitable donations
Support costs|2024
£
6,600
34,775
1,292
42,667|2023
£
5,447
25,000
1,744|
|---|---|---|
|||32,191|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **Trustees' expenses**
|**Trustees' expenses**|||
|---|---|---|
||2024|2023|
||£|£|
|Trustees' expenses|479|189|
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||
|||Unrestricted|
|||fund|
|||£|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies||4,102|
|Investment income||29,693|
|**Total**||33,795|
|**EXPENDITURE ON**|||
|Raising funds||35,191|
|Net gains/(losses) on investments||42,509|
|**NET INCOME/(EXPENDITURE)**||41,113|
|**RECONCILIATION OF FUNDS**|||
|Total funds brought forward||858,282|
|**TOTAL FUNDS CARRIED FORWARD**||899,395|
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Page 6
continued...
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Notes to the Financial Statements - continued**
## **for the year ended 31 DECEMBER 2024**
## **6. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Unlisted|
||investments|
||£|
|**MARKET VALUE**||
|At 1 January 2024|880,037|
|Additions|-|
|Revaluations|18,787|
|At 31 December 2024|898,824|
|**NET BOOK VALUE**||
|At 31 December 2024|898,824|
|At 31 December 2023|880,037|
There were no investment assets outside the UK.
Cost or valuation at 31 December 2024 is represented by:
||||Unlisted|
|---|---|---|---|
||||investments|
||||£|
|Valuation|in|2022|(40,206)|
|Valuation|in|2023|42,509|
|Valuation|in|2024|18,787|
|Cost|||877,734|
||||898,824|
## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other creditors
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.24
£
899,395
899,395|2024
£
1,560
Net
movement
in funds
£
13,377
13,378|2023
£
1,499
At
31.12.24
£
912,772
912,772|
|---|---|---|---|
## **8. MOVEMENT IN FUNDS**
Page 7
continued...
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Notes to the Financial Statements - continued**
## **for the year ended 31 DECEMBER 2024**
## **8. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|38,877|(44,287)|18,787|13,377|
|**TOTAL FUNDS**|38,877|(44,287)|18,787|13,377|
## **Comparatives for movement in funds**
|**Unrestricted funds**
**Unrestricted funds**
General fund
33,795
**TOTAL FUNDS**
33,795
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£|35,191)
(35,191)
At 1.1.23
£
858,282
858,282
Resources
expended
£|(42,509)
(41,113)
(42,509)
(41,113)
Net
movement
At
in funds
31.12.23
£
£
41,113
899,395
41,113
899,395
Gains and
Movement
losses
in funds
£
£|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At
At 1.1.24
in funds
31.12.24
£
£
£
899,395
13,377
912,772
899,395
13,378
912,772|
|---|---|
Page 8
continued...
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Notes to the Financial Statements - continued**
## **for the year ended 31 DECEMBER 2024**
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|38,877|(44,287)|18,787|13,377|
|**TOTAL FUNDS**|38,877|(44,287)|18,787|13,377|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2024.
Page 9
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**for the year ended 31 DECEMBER 2024**|||
||2024|2023|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|7,500|4.102|
|**Investment income**|||
|Other fixed asset invest - FII|31,077|29,512|
|Deposit account interest|300|181|
||31,377|29,693|
|**Total incoming resources**|38,877|33,795|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Fundraising costs|6,600|5,447|
|Charitable donations|34,775|25,000|
||41,375|30,447|
|**Support costs**|||
|**Governance costs**|||
|Trustees' expenses|479|189|
|Computer costs|813|1,555|
|Accountancy and legal fees|1,620|3,000|
||2,912|4,744|
|Total resources expended|44,287|35,191|
|**Net (expenditure)/income before gains and**|||
|**losses**|(5,410)|(1,396)|
|**Realised recognised gains and losses**|||
|Realised gains/(losses) on fixed asset investments|18,787|42,509|
|**Net income/(expenditure)**|13,377|41,113|
This page does not form part of the statutory financial statements
Page 10
**REGISTERED CHARITY NUMBER: 312314**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2024**
**for**
## **WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
Coopers&Co Ltd Thistledown Barn 204 Holcot Road Sywell Northampton Northamptonshire NN6 0BG
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Contents of the Financial Statements for the year ended 31 DECEMBER 2024**
||**Page**|
|---|---|
|**Report of the Trustees**|1|
|**Independent Examiner's Report**|2|
|**Statement of Financial Activities**|3|
|**Balance Sheet**|4|
|**Notes to the Financial Statements**|5 to 9|
|**Detailed Statement of Financial Activities**|10|
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Report of the Trustees for the year ended 31 DECEMBER 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
312314
## **Principal address**
Coglan House Old Monmouth Road Longhope Gloucestershire GL17 0NZ
## **Trustees**
F S Watson Lead Trustee J H W Davis Chair C Gould A Gould E Mitchell S Davis K L Boag N J Daubeny M W Davis L E Maxwell W W Davis
## **Independent Examiner**
Mr Kupesh Patel Coopers&Co Ltd Thistledown Barn 204 Holcot Road Sywell Northampton Northamptonshire NN6 0BG
Approved by order of the board of trustees on 3 June 2025 and signed on its behalf by:
F S Watson - Trustee
Page 1
**Independent Examiner's Report to the Trustees of William Davis's Educational Foundation**
## **Independent examiner's report to the trustees of William Davis's Educational Foundation**
I report to the charity trustees on my examination of the accounts of William Davis's Educational Foundation (the Trust) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Kupesh Patel The Association of Chartered Certified Accountants
Coopers&Co Ltd Thistledown Barn 204 Holcot Road Sywell Northampton Northamptonshire NN6 0BG
3 June 2025
Page 2
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Statement of Financial Activities**
## **for the year ended 31 DECEMBER 2024**
|Notes
2024
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
7,500
Investment income
2
31,377
**Total**
38,878
**EXPENDITURE ON**
Raising funds
3
42,667
Other
1,620
**Total**
44,287
Net gains/(losses) on investments
18,787
**NET INCOME/(EXPENDITURE)**
13,378
**RECONCILIATION OF FUNDS**
Total funds brought forward
899,395
**TOTAL FUNDS CARRIED FORWARD**
912,772|2023
Total
funds
£
4,102
29,693
33,795
32,191
3,000
35,191
42,509
41,113
858,282
899,395|
|---|---|
The notes form part of these financial statements
Page 3
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Balance Sheet**
## **31 DECEMBER 2023**
|**FIXED ASSETS**
Notes
Investments
6
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
8
**TOTAL FUNDS**|2024
Unrestricted
fund
£
898,824
15,508
(1,560)
13,948
912,772
912,772
912,772
912,772|2023
Total
funds
£
880,037
20,857
(1,499)|
|---|---|---|
|||19,358|
|||899,395|
|||899,395|
|||899,395|
|||899,395|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 May 2025 and were signed on its behalf by:
F S Watson - Trustee
The notes form part of these financial statements
Page 4
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Notes to the Financial Statements**
## **for the year ended 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Intangible assets**
Intangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated amortisation and impairment losses.
## **2. INVESTMENT INCOME**
|Other fixed asset invest - FII
Deposit account interest|2024
£
31,077
300
31,377|2023
£
29,512
181|
|---|---|---|
|||29,693|
Page 5
continued...
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Notes to the Financial Statements - continued**
## **for the year ended 31 DECEMBER 2024**
## **3. RAISING FUNDS**
|**Raising donations and legacies**
Fundraising costs
Charitable donations
Support costs|2024
£
6,600
34,775
1,292
42,667|2023
£
5,447
25,000
1,744|
|---|---|---|
|||32,191|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **Trustees' expenses**
|**Trustees' expenses**|||
|---|---|---|
||2024|2023|
||£|£|
|Trustees' expenses|479|189|
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||
|||Unrestricted|
|||fund|
|||£|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies||4,102|
|Investment income||29,693|
|**Total**||33,795|
|**EXPENDITURE ON**|||
|Raising funds||35,191|
|Net gains/(losses) on investments||42,509|
|**NET INCOME/(EXPENDITURE)**||41,113|
|**RECONCILIATION OF FUNDS**|||
|Total funds brought forward||858,282|
|**TOTAL FUNDS CARRIED FORWARD**||899,395|
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Page 6
continued...
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Notes to the Financial Statements - continued**
## **for the year ended 31 DECEMBER 2024**
## **6. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Unlisted|
||investments|
||£|
|**MARKET VALUE**||
|At 1 January 2024|880,037|
|Additions|-|
|Revaluations|18,787|
|At 31 December 2024|898,824|
|**NET BOOK VALUE**||
|At 31 December 2024|898,824|
|At 31 December 2023|880,037|
There were no investment assets outside the UK.
Cost or valuation at 31 December 2024 is represented by:
||||Unlisted|
|---|---|---|---|
||||investments|
||||£|
|Valuation|in|2022|(40,206)|
|Valuation|in|2023|42,509|
|Valuation|in|2024|18,787|
|Cost|||877,734|
||||898,824|
## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other creditors
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.24
£
899,395
899,395|2024
£
1,560
Net
movement
in funds
£
13,377
13,378|2023
£
1,499
At
31.12.24
£
912,772
912,772|
|---|---|---|---|
## **8. MOVEMENT IN FUNDS**
Page 7
continued...
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Notes to the Financial Statements - continued**
## **for the year ended 31 DECEMBER 2024**
## **8. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|38,877|(44,287)|18,787|13,377|
|**TOTAL FUNDS**|38,877|(44,287)|18,787|13,377|
## **Comparatives for movement in funds**
|**Unrestricted funds**
**Unrestricted funds**
General fund
33,795
**TOTAL FUNDS**
33,795
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£|35,191)
(35,191)
At 1.1.23
£
858,282
858,282
Resources
expended
£|(42,509)
(41,113)
(42,509)
(41,113)
Net
movement
At
in funds
31.12.23
£
£
41,113
899,395
41,113
899,395
Gains and
Movement
losses
in funds
£
£|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At
At 1.1.24
in funds
31.12.24
£
£
£
899,395
13,377
912,772
899,395
13,378
912,772|
|---|---|
Page 8
continued...
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
## **Notes to the Financial Statements - continued**
## **for the year ended 31 DECEMBER 2024**
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|38,877|(44,287)|18,787|13,377|
|**TOTAL FUNDS**|38,877|(44,287)|18,787|13,377|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2024.
Page 9
**WILLIAM DAVIS'S EDUCATIONAL FOUNDATION**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**for the year ended 31 DECEMBER 2024**|||
||2024|2023|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|7,500|4.102|
|**Investment income**|||
|Other fixed asset invest - FII|31,077|29,512|
|Deposit account interest|300|181|
||31,377|29,693|
|**Total incoming resources**|38,877|33,795|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Fundraising costs|6,600|5,447|
|Charitable donations|34,775|25,000|
||41,375|30,447|
|**Support costs**|||
|**Governance costs**|||
|Trustees' expenses|479|189|
|Computer costs|813|1,555|
|Accountancy and legal fees|1,620|3,000|
||2,912|4,744|
|Total resources expended|44,287|35,191|
|**Net (expenditure)/income before gains and**|||
|**losses**|(5,410)|(1,396)|
|**Realised recognised gains and losses**|||
|Realised gains/(losses) on fixed asset investments|18,787|42,509|
|**Net income/(expenditure)**|13,377|41,113|
This page does not form part of the statutory financial statements
Page 10