WILLIAM DAVIS'S EDUCATIONAL FOUNDATION R•gl•t•rnd Charlty No. 312314 TRUSTEES ANNUAL REPORT FOR THE PERIOD 0110112025 TO 3111212025 ObJ•ctlv•• and Actlvltl•• Tho Wllllam Dav1• Educatlonal Foundatlon Started wlth tho e8t8b118hment and endowment of Goworf8 Walk Frea School Foundatlon, Whltechapel, In 1811. The School bulldlngs were dutroyod In th• Blltz 011941, and th8 School wa8 dI8￿ntInUed followlng the Educatlon Act of 1944. Th6 8ndowm8nt wa8 then 08tab118hed 88 a charltable fund In 1953, wlth the purpo80 of applylng It8 net yearly Incom8 for the b8neflt of poor chlldren In th8 Metropolitsn Borough8 of Stepney and Hacknoy. In 2025 the Charlty Comm188lon approved a change to the scheme to replace Metmpolttan Borough8 of Stepney arnl Hackney wlth Dloce88 of London. In 2023 Tru8tee8 agreed to actlvely 8UPPOrt 8chool projects Identffied by the London DIoc8gan Board lor Schoo18 through 8UPPOrtlng fund-ralslng, In order to Increase the amount by whlch school8 mlght benefft beyond the Ilmlts of th8 Tru8t'8 net yearly Income. Tru8t888 alm to comply wlth the orlglnal tomis and 8plrlt of the govemlng document. They refer to the Charlty Comml881on'8 guldance on the preparatlon of financlal 8tatem8nts and conflm that they have ￿mplIad wlth thelr duty In 88Ctlon 4 of the Charit188 Act 2011 to have due regard to publlc b8n8fft guldance pub118hod by the Charlty Comml881on for England and Wales. ACHIEVEMENTS During th18 financlal year, three 8choo18 have baen 8UPPOrt8d to ra188 fvnd8 for projects relatlng to IT, SEND and Blodlver81ty. In addltlon the charlty h88 malntslned Its a8sociatlon wlth Proms Pralse for Schoo18 8nd agreed to make a donatlon to allow th18 blannual event to take place In March 2026. Trustees agreed that they would adopt projects Indfvidually 80 that Schools had a nomlnated Trustee to work in partnershlp wlth thom In developlng thelr approach to fund-ralslng. support thls actlvlty and act as a slngle polnt of contacL Thls ha8 worked well arKI School8 have noted that the Involvement of the Charlty arKI Its part-fvndlng of projects ha8 enabled other sources of fund8 to be acc8888d In order to complete thelr projects. The second year tranche of the Portal Tru8t grant {awardad Jun8 2024) for the Hoty Trfnity CE Primary School biodlver81ty garden project was received In July 2025 and passed to the School. Grant appllcatlons hav8 been made In respect of the adopted projects to 29 funding organlsallons. As in the pr8vlous few years, respons88 to applicatlons have been dlsappolnllng. Th18 Is attrlbuted to Increased cornpetltlon for grants due to economic and extemal factors that affect both the available funding and the number of applications for furKling. FINANCIAL REVIEW The value of th8 CharW8 Investments has Increased and show8 a fair rats of retum. Trustees ar8 concemed to optimise available income as well as ensuring long-term capital growth of the investsnents and are looking al possibly changing fvnds in order to reduce costs and Mitigate under-perfomance agalnst benchmark. Trustees have also dlscussed whether a value for reserved funds should be established and reviewed annually, in order to make a dlstlnctlon between capltal and avallable funds to cover costs and support projects. At the end of the perlod the Charlty held an avallable cash balance of £10,870 and overall reserves of £1,013,309. Reserves are held In capltal Investment funds In order to generate Income. Trustees alm to dl8burse all available funds annually In accordance wlth their govemlng document The Trustee's detsiled financial report for the year. and Independent Examiners is made separately to thi8 re STRUCTURE, GOVERNANCE AND MANAGEMENT William Davis's Educational FourKlation is estsblished by Trust deed and constituted as Foundation CIO. The Charlty Is run In accordarKe wlth th8 scheme of 1953 and works dosely wfth the London Dlocesan Board for School8 (LDBS). Trustees are elected to post by current Trustees and appolnt from thelr number a Chalr. Vlce-chalr, Treasurer and Clerk. Trustees convene at least once annually for their general m8eting. The Charlty malntalns awareness of The Charlty Govèmance Code for Smaller Charhles. recognizing good ri8k management by Acknowledgement of the trustees. re8ponsibililies outlined in the Charity Commlssion guidance publlcatlon CC3 - The Es88nlial Trustee Maintaining an overview of the rfsk Idenofication process Confirmlng that major ri8ks Identlfied have been assessed arKI wlll continue to be reviewed Confirnilng that control systems have been established in order to manage those risks. GENEFI4L DATA PROTECTION REGULATIONS Tho Charlty has kn F4ace and wlll uJndnu8 to revlew, polldes ft)r the rntenllon and safe d￿tft￿1th ol kn10m￿tk￿ Indudlng p￿￿al data that It holds In paw and electr￿1C fomi. NAMES OF THE CHARITY TRUSTEES WHO MANAGE THE CHARITY Namo Rol8 ApOnted John Dav Chalr Walter Dav Chatr FkTh Saundors.Wat8on Tr8a3urer 2002 2014 Lynn Max* Tru8ts Trust•• 2￿)2 Kay BWJ Tru8ts0 2018 2018 Tnmteo 10 DECLARATION SwJn8d on b&￿J1 dtho Sbnature Namo Nkda cJxloglxoK6 ftEGI￿ERED CHARITY NUMBEIL. 312314 Coopws&Co Ltd ThIS￿edoWn Bam 204 Holcot Road North3rnPton Northamptenshire NN6 OBG Conte Rwlrt ofthÈ Trustths Independent ExamSner's Report Statementof Financial A¢tsvitit$ Balanc• Sh••t Not•s to th• FSnanclal Statements Detailed Statemtht ol Flnancial Actl¥ltles {•Yth* l ￿ 201*. REFEWE AND ADMINISTrATIVE DEFAILS 312314 Prfn¢lpd *ddr GLI7¢￿z FSW*wn L£HdTrutt }HWDav&Ch* C G•MbJ NJDath M W Dah45 LEM1x￿ WWDAV Mr Kwsh Pat•1 NN6OBG opYo¥•d by4¥dw ofth• bovd ofmw¥ ob 12 May 2026 *•d b•hd br. vr FSWI￿n.T￿M 111Sam Dav15's Educatio Independent t￿¥nIner,% report to the tru*ttes of William Davis's Ethcatlonal Fourthtlon I report to the charity I￿￿t* ￿ my ty2mination of the occounts of William DaW5'5 Eth¢a￿OrRI Fr*JThdatk•n {the Trust) for the year ended 31 Decwnber I￿￿5. R4sponslbllltles and basls of report As the charlty frustees of the Trustytyj are responslble for the preparattoTh olthe acctxjnts in xwrdance wth the rwJlretnw15 ofthe charit￿ kn2011 I'the Act). I report in respEtt of my ex3minatyon of thè Trusts attOLmts Car￿ out under Sectlon 145 of the Act and In carrying out my minatKJn I have followed all applica14e Dlrecftons by the Chthty Cemmissi￿ under Secwjn 145lsllbl of ACL Independent ex￿nIner'S Jtatement I have comp￿￿d my examination. I confirm no mawknl matters have come ¢0 my att￿￿0Th kn connettkn wkh the eyjmlnatkjn gfvlng me ouse to belleye tha¢ in any material respocL ¥coundng re£ord5 were n¢x kept in respecr of the Tru5r a& requlred by Sectic￿ 130 of the Acr or the act¢unts do n¢x accord with those records,. or the accounts do nor cornp￿ wth the applicabk requireM￿ts th¢ forni and ¢on¢ent of a¢¢¢uMS Stt In th* c￿rit￿5 IAcrounts and Rep¢Y¢s1 Rezulatitins 211)8 tsther than re4￿￿ent that the aecounts glye a true and fair vlew whith ts ntst a m*tter C¢)nsidered as part of an Independent examkna￿on. I have ro concern$ and have come across no other m2tters in connection with the examination to whKh attention sh•Jd be (hwn in this report in Order to enab￿ a proper understsnd1￿ of the accounts t¢ be rexhed. Mr Kupesh Patd The ASSOC￿￿0Th ol Chartered Certlfied Acc¢yJrt Cwpers&Co Ltd Th￿￿edown Barn 204 Holcot R*)ad NLknpt Ncrthampwnshlre NN6QBG 12 May 2026 Tl Stat*m¢nt of Flnanclal A 2025 2024 Total fund5 Unresffitted INCOME AND ENDOWMENTS FROM Dontibns and 7.500 73 In¥e$trrtTht income 31,596 31.377 39.096 3&878 EXPENDITURE ON Rai$ln8 41667 oth 43.734 Ntt yinsllbs$¢sl On Investywts 105,175 18.787 NET INCOMEI{EXPENDlnJRE) I￿,537 13,378 RECONCILIATION OF FUNDS To¢al brWf#rnard 91Z7n 899.395 TOTAL FUNDS CARRIED FORWARD 1,013,309 912,m Th¢ noces f•rm ￿r¢ ¢fthese flr￿)e1￿l stat￿￿)tr INJ3,999 C*th &tteA( iom 11560) 1,560) 9JlO 119 TOTALAssFfs LeS$CURAEMT IDIY,X 911m IW13J(11 9117n JNDS 1.013.309 91L7n TOTAL FUP IWIJ309 9117n •*4 Notes to the Flnancial Ststements for the ar ended 31 DECEMBER 202S ACCOUNTING POUCIES Basls of prtpthnK thé Ilnanclal statsm¢nts The finèneial statements oftht th*rity. i*hich is a pthlic ber*fft *)rlty undw FAS 102. have been pryred kn accordance wlth the char￿e$ SORP IFRS 1021 'Acc¢untlng and Rewtlng by Charities.. Statement of Rec¢)mmenthd Practice applicable to charities preparing their accowts in accordance with the Finanri31 Repertin¥ Standard applicablè in the UK and R•JublK of Ireland IFRS 1021 leffective I13nu3ry20191'. Financial Repcrting Stsndard 102 Yhe Finaneiil Reporting StaThJard applicable in the UK and Republic of Ireknnd and the Ch¥tt*s Act 2011. The fmanc&l statth)ents have be￿ prepared under the h15torical C05t coThventio￿ wlth the exceptsefi of Inve%bnents whth are included at mark¢t valu& as by the rtV71uatiw of enakn a5S¢ts. Incom• All irKome is reCO￿lSed Ststement of FirWci￿ A(tyviti¢$ on¢* th¢ ￿￿￿¢m*￿t0 tht furwjs, it 1$ wobab that the intome will bè rtceived and the amount t* be meayjred relknb￿. Expendltsve Liabilith5 are recognised as exp￿diture 35 soon as thre 15 a lezal or consinJctNe oblitdtion c¢JrntnittiTrs the charity to that expendkur& It is prebablethata rransfer ol￿on0M1£ benefirs w511 be requlred ITh settlementaTh4 the amount of theoblwon can be measwed rellably. Is accounted for en an accruaLs basis and has been classffj￿d wder heading5 that aggrEga* il rost ￿13*￿ to thE rateggry. Where co$ts r3nnot be dlre£dy attrfbLrted to ￿rdCU￿r headngs they hve bee alloCa￿d to a¢￿￿tieS on a basls C￿SIStent wkh the use of reS￿r¢eS. Taxation The ch¥iy is exemptfrom ttx en its chari0b￿ actréitses. Fund acc¢wn￿n8 Unre$￿tted funds can h u$ed kn acwdance wlth the charitsble cljlecdves at thÈ theretiofi of the trustees. Re5tr1cred funds can only be used for partlcular re5trk¢ed purposes wlthlTr the obletts of the charty. Restrictlons attse when speC￿led by the donor or when fvnd5 are raised lor particular resrrirted purposK. Fwther txpknnètp>n of the naturt and purpose of È2eh fund 1$ Incl￿jed In the note% to the fin￿¢￿1 ststa￿￿t> IDt•n8lble 45sets IntsngJ>le assets are recorded at cost and are stated at tost ￿$$ any accumulated amorrisati¢n and impalrment losses. INVESTMENT INCOME 2024 OtherfvAed as5¢¢ inves¢- Al Deposir acC￿n( irhteresr 31.444 152 31.077 31,596 31.377 ontiwed... M DAVI TIONAL FOUNDATION otes to the Flnancl RAISING FUNDS Railing don#tion$ Ind Itga¢i¢$ 2025 2024 Fu￿r￿ls1n8 costs Charitable donatio Svpport CQ5rA 33,37S 843 34.775 1.2Y2 40,866 42,667 TRUSTEEV REMUNERATION AND BENEFITS There were no trustee5' remvnwavon or oth¥ bvmefils for the year ended 31 Detembw 2025 nor ftr the yw ￿ded 31 Decernber 2024. Trus¢¢u' ¢xp¢ns 2W£4 Trustees, eywses 843 479 COMPARATIVES FOR ThE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM and ￿gac￿% Investrn￿t incryne 31.377 38077 EXPENDITURE ON Al￿￿1£1UndS 44.287 Netgahslllossesl on irNestsTrrrt5 18.787 NET INCOmEI(EXPEND￿URE} 13.378 RECONCILIATION OF FVWDS Totsl fvnds broughtf(wd 899.395 TOTAL FUNDS CARRIED FORWARD 912.772 COntinL￿j... IAM DA Fin I St&t*mÈn ntin FIXED ASSET INVESTMENTS Unlsted IN￿￿ne[￿S MARK￿ VALUE At I january 2025 Adth"ons 898M24 105.175 Ar 31 DeC￿ber 21r15 l.TrJ3999 NET BOOK VALUE At 31 Det￿ber 2025 1.003.999 At 31 Decvnber I￿4 898.824 There were no investmertassets outside the UQ Cosr or valjaflon at 31 Decembw 2W251s represented ty. Vr*ted investrnwts Valuaticn in 2022 Valuaticn in 2023 VakAtion h 2024 V3h￿￿on h 2015 140,2061 41509 18,787 105.175 877,734 I.OOa999 CREDITORS: AMOUNTS FALLING DUE WITMIN ONE YEAR 2025 2024 Other credlLors 1,560 MOVEMEKf IN FUNDS Net movement At 1.125 in funds 31.12.25 Unr•strirt•dfund$ G•ieral fund 912,m IW,$37 1,011309 TOTAL FUNDS 912,m I￿537 1.013,309 contlwed... vi ATIO . contln MOVEMEKf IN FUNDS. continued Net mtsvem￿t In fiJnd$, kntluded In the ab￿e are as Intomlr Re5r*Jrces GalnsaThJ In fvnds Unre5trkted lunds Gerwal knd 39,096 143,7341 IOS,175 lQ)537 TOTAL FUNDS 39,096 143.7341 105,175 l(K),537 Comparatives for movem•ntin funds Ne¢ At 1.1.24 In fu￿5 31.12.24 Unrestricted Gwwal fimd 899,395 13.377 912,7n TOTAL FUNDS 899,395 13.377 912.7n Ctynpard¢lve net movement In fvThJs, irKluded in the above are asfoll¢ Ineomlng Resr*Jrces ¢wded Gains 1955eS in Unr•strkted funds General fund 38.877 144287) 18.787 13,377 TOTAL FUNDS 144,287) 18,787 13.377 A currentyear 12 rngnts priory¢ar 12 m¢nrh$ tt*mbln¢d posltlon Is as frJ1lv￿'. Net mtrxrnent At 1.1.25 31.1225 Unresthn of the naturt and purpose of È2eh fund 1$ Incl￿jed In the note% to the fin￿¢￿1 ststa￿￿t> IDt•n8lble 45sets IntsngJ>le assets are recorded at cost and are stated at tost ￿$$ any accumulated amorrisati¢n and impalrment losses. INVESTMENT INCOME 2024 OtherfvAed as5¢¢ inves¢- Al Deposir acC￿n( irhteresr 31.444 152 31.077 31,596 31.377 ontiwed... M DAVI TIONAL FOUNDATION otes to the Flnancl RAISING FUNDS Railing don#tion$ Ind Itga¢i¢$ 2025 2024 Fu￿r￿ls1n8 costs Charitable donatio Svpport CQ5rA 33,37S 843 34.775 1.2Y2 40,866 42,667 TRUSTEEV REMUNERATION AND BENEFITS There were no trustee5' remvnwavon or oth¥ bvmefils for the year ended 31 Detembw 2025 nor ftr the yw ￿ded 31 Decernber 2024. Trus¢¢u' ¢xp¢ns 2W£4 Trustees, eywses 843 479 COMPARATIVES FOR ThE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM and ￿gac￿% Investrn￿t incryne 31.377 38077 EXPENDITURE ON Al￿￿1£1UndS 44.287 Netgahslllossesl on irNestsTrrrt5 18.787 NET INCOmEI(EXPEND￿URE} 13.378 RECONCILIATION OF FVWDS Totsl fvnds broughtf(wd 899.395 TOTAL FUNDS CARRIED FORWARD 912.772 COntinL￿j... IAM DA Fin I St&t*mÈn ntin FIXED ASSET INVESTMENTS Unlsted IN￿￿ne[￿S MARK￿ VALUE At I january 2025 Adth"ons 898M24 105.175 Ar 31 DeC￿ber 21r15 l.TrJ3999 NET BOOK VALUE At 31 Det￿ber 2025 1.003.999 At 31 Decvnber I￿4 898.824 There were no investmertassets outside the UQ Cosr or valjaflon at 31 Decembw 2W251s represented ty. Vr*ted investrnwts Valuaticn in 2022 Valuaticn in 2023 VakAtion h 2024 V3h￿￿on h 2015 140,2061 41509 18,787 105.175 877,734 I.OOa999 CREDITORS: AMOUNTS FALLING DUE WITMIN ONE YEAR 2025 2024 Other credlLors 1,560 MOVEMEKf IN FUNDS Net movement At 1.125 in funds 31.12.25 Unr•strirt•dfund$ G•ieral fund 912,m IW,$37 1,011309 TOTAL FUNDS 912,m I￿537 1.013,309 contlwed... vi ATIO . contln MOVEMEKf IN FUNDS. continued Net mtsvem￿t In fiJnd$, kntluded In the ab￿e are as Intomlr Re5r*Jrces GalnsaThJ In fvnds Unre5trkted lunds Gerwal knd 39,096 143,7341 IOS,175 lQ)537 TOTAL FUNDS 39,096 143.7341 105,175 l(K),537 Comparatives for movem•ntin funds Ne¢ At 1.1.24 In fu￿5 31.12.24 Unrestricted Gwwal fimd 899,395 13.377 912,7n TOTAL FUNDS 899,395 13.377 912.7n Ctynpard¢lve net movement In fvThJs, irKluded in the above are asfoll¢ Ineomlng Resr*Jrces ¢wded Gains 1955eS in Unr•strkted funds General fund 38.877 144287) 18.787 13,377 TOTAL FUNDS 144,287) 18,787 13.377 A currentyear 12 rngnts priory¢ar 12 m¢nrh$ tt*mbln¢d posltlon Is as frJ1lv￿'. Net mtrxrnent At 1.1.25 31.1225 Unresth