Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 Charity number.. 1059891 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 THE GAIL TAYLOR CHARITY MENZIES BRltsHTrr( i AINKIN
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY CONTENTS Page Referenc8 and Administrative Detai18 of the Charity, its Trustees and Advis8rs Trustees. Report Independent Examinerfs Report Statement of Financial Activities Balance Sh*•t Notes to the Financial Statements 8-18
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2022 Trustees Mr Stephen Pritchard Mr Chailes Pfistei Charity registered number 1059891 Principal office Clo Menzies LLP wenorth House 30008 Paikway Whiteley Hants P015 7FX Independent examiner Ms Octavia Huppler Neon Numbers Limited 259 Copnor Road Portsmouth Hampshire P03 SEE Accountant8 Menzies LLP Chartered Accountants Wenlworth Htsuse 3000a Parkway Whiteley Hants P015 7FX Bankers HSBC Bank PLC PO Box 160 12A North Street Guildlord GU14AF Investment Manager Investec Wealth & Investment Ltd Unit 4 The Billings 3 Walnut Tree Close Guildlord GU14UL Page 1
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2022 The trustees. present their report and financial statements of the Charity for the year ended 5 April 2022. PURPOSE AND AIMS OF THE TRUST The Gail Taylor Trust Was ooiisliluled by a Settlement Deed dated 22 Novernber 1996 and is a registered charity. number 1059891. The objed of the charity is to make provision for the care. maintenan. support and benerrt of any peison or peisons who, while suffering froTn rebral palsy, 8180 suffer from other dis8bilities and in particular blindness. Applications are Invited from potential beneficiaiies and these are considered by the ttustees to ensure that they meet the object of the charity. In addition, an adapted vehicle is owned by the Charity which is made available to beneficiaries. ADMINSTRATIVE STRUCTURE The Deed of Trust details the trustees. appointment which must not exceed four in number. New trustees can be appointed by trustee resolution. The Charity is administered by the Trustees and the Trustees who served the Charity during the period were as follows.. Mr Stephen Pritchard Mr Charles Pfister The Charity's address is.. clo Menzies LLP 3000a Parkway Whileley Hanls P015 7FX The Ch8rity h85 8 °Benefici8ries Comrnittee" which reviews 8ppIic81ions and dldeS on donations and sUPPOrt to be given by th8 Charity. The Charty's bank account is operated at HSBC Bank Plc. Bookkeeping throughout the year, and the preparation of the Annual accounts, is undertaken by Menzies LLP, 3000a Parkway, Whiteley, Hants, P015 7FX. ACTIVITIES AND ACHIEVEMENTS During the predIng year, the Chaiity received a significant bequest valued * £1,568,987 frorn the Estate of the late Pamela Taylor in the form of Property, comprising 5 leasehold flats valued at £1.12rn, and an investment portfolio valued at £448,987. The tiustees continue to hold these assets to generate income for the charity and to further rts charitable airns. The tiustees, however, have the right to spend the capital as well as the income arising from the bequest. Accordingly, the bequest is categorised as an expendable endowment in these accounts. Some of the properties bequeathed required work to upgrade them prior to letting but the current aim of the Trustees is to let 4 of the 5 flats to third parties on commercial rents, via a letlings agency. The 5th flat has previously been converted to enable occupation by a disabled person and the Trustees are considering the best use of this property to rneet the aims of the Charity. Professional fees weie incurred in relation lo the receipts under the bequest. and the trustees have requested an Audit to detnonstrate good govern8nTr of such a signific8nt receipt. Various donations weie made to applicants during the year, totalling £10,427 12021." £10,597). These payments were to cover assistance in purchasing wheelchairs and adapted tricycles, and support for the tuition costs of an under-graduate. Other money expended during the year covered the operation of the Trust's vehide to provide transport for applicants, and repairs to assets owned by the Trust. In planning the grant payments, the Trustees kept in mind the Charity Commission's guidance on public benefit. Page 2
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 FINANCIAL REVIEW Rental income received from the letting of the flats amounted lo £41,350 12021.. £16.5851 and investment incorne was £8.619 12021.. £2.4501. Grants paid lo applicants amounted to £10.427 12021.. £10.59n. The SIS relating lo the flats lolalled £17,343 12021.. £17,979) and support Costs totalled £25.358 12021.. £30.3491. Acwrdingly. nel expenditure before investment gains was £3.15912021'. net incotne of £1,529.0971. Re8lised gain5 on inve5trnents was £13,20012021. £8,446) and unrealised were £53,41012021." £32,524). Funds held at 5 April 2022 con51Sted of Expendable Endowtnent Funds of £1,635.404 12021." £1,575,809) and a small negative balance on general funds ol 2756 12021". £4,612). The Tiustees antiupate that the negative balance on general funds will be deared shoruy and that sufficient funds will be available to meet all anticipated outgoings. The Trustees aim to keep reserves of approximately three months of nomial expenditure or £7.500 to protect against Iluctauations in income or unanticipated costs. POLICIES With the ieceipt of the investment portfolio, the Ttustees have agreed upon an Investment strategy and have given this to the Brokers. The aim of the Charity is to provide small grants and donations in accordants with the objects of the Charity. We have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing our objects and in planning our activities and grant policies. In particular, the trustees consider how individual grants will contribute to the objects set. During the year, a variety of donations were made lo applicants seeking funding for equipment or courses that would help improve their lives. In addition to direct financial 8ssistsnce. the Charity owns 8 vehide 8d8pled lo carry a wheelchair. This is made available. at the Gh81ilies expense. to 8ppIic8nls who require such Ir8nsport. Page 3
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 RESPONSIBILITIES OF THE TRUSTEES The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndard5 (United Kingdom Generally Accepted Accounting Practice). The law applicable to chaiities in England & Vvales requires the Trustees to prepare financial staternents for each financi81 year which give a true and fair view ol the State of affairs of the Charity and of its incorning resources and application of resourtss, including its income and expenditure, for that peiiod. In preparing these financial statements, the Trustees are required to". select suitable accounting poliaes and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021.. make judgements and accounting estimates that are reasonable and prudent.. state whether 8ppli¢able UK Accounting Standards IFRS 1021 have been followed, subject to any rnaterial departures disclosed snd explained In the Iinancial 5tatements'. piep8re the financAal stat8rnent5 on the going concern basi5 un1855 It is Inappropriate to P185ume th8t th8 Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that a sufficient to show and explain the Charity's transactions and disclose wrth reasonable accuracy at any time the finanaal position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Settlement deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. DO¢USnIdtsy'. 8cC94E48F54D2 Mr Stephen Pritchard Trustee Date.. 02-Feb-2023 Page 4
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY MENZIES INDEPENDENT EXAMINER'S REPORT Independent Examine3 Report to the Trustees of The Gail Taylor Charity (Yhe Charity'l I report to the charity Trustee5 on rny ex8min8tion of the accounts of the Charity for the year ended 5 April 2022. Responsibilities and Basi8 of Report As the Trustees of the Charity you are responsible for the preparation tsf the accounts in acctsidance with the requirements of the Charities Act 2011 I'the 2011 Act'i. I report in respect of my examination of the Charty's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examinerfs Ststement Your attention is drawn to the fact that the Charity h8s prepared the accounts in accordance with Aooounting and Reporting by Ch8rities.' St8tement of Recommended Pr8Ctice applicable to charities prep8ring their accounts in accord8nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Chanties.. Statetnent of Recornmended Practice issued on 1 April 2005 which is referred to In the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practi effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any rnaterial respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those records", or the accounts do not comply with the applicable requirements concerning the form and wntent of acwunts set out in the Chaiities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gNfe a 'true nd fairf view which is not a rnatter considerèd as part ol an independent exarnination. I have no cOnrnS and have corne 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. This report is made solely lo the Charity's Tiustees. as a body. in accordanoe with Part 4 of the Charities (Awounls and Reports) Regulations 2008. My work ha5 been undertaken so that I tnight State to the Charity's Trustees those m8tters 18m required to state to thern in an Independent Exarninerfs Report and for no othei purpose. To the fullest extent peirnitted by law, I do not accept or assLJme responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Do¢uSlgNd by.. Signed.. Dated.. 05-Apr-2023 D$FF32E4C74C6 Ms Octavia Huppler Neon Numbers Limited 259 Copnor Road Portsrnouth Hampshire P03 SEE Page 5
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022 Unrèstrict funds 2022 Endowment funds 2022 Total funds 2022 Totèl funds 2021 Note Income and endowTnent¥ from.. Donations and legacies Charitable activities Investments 1,568.987 16.585 2,450 41,350 41,350 8,619 8.619 Total incorne and endowments 41,350 8.619 49.969 1,588,022 Expenditure on.. Raising funds Charitable activities 17,343 26,1S1 17,343 35.785 t7,979 40,946 9,634 Totsl expenditure 43,494 9,634 53,128 58.925 Net lexpenditurellincome before net gains on investments Net gains on investrnents 12,1441 11.0151 66,610 13.1591 66,610 1,529,097 4Q.970 Net lexpenditurevincome Transfers between funds 12,1441 6,000 65.595 16.0001 63.451 1,570,067 19 Net movement in funds 3,856 59.595 63.451 1,57Q.067 Reconciliation of funds: Total funds brought foward Net movement in fLJnds 14,6121 3,856 1,S75,809 59.595 1,571,197 63.451 1, 130 1,570,067 Total funds carried fonNard 17561 1,635,404 1,634,648 1,577, 797 The Statement of Fin8nci81 Adivilies includes 811 g8ins and losses recognised in the year. The notes on pages 8 to 18 form part of th85e financial statements. Page 6
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY BALANCE SHEET AS AT 5 APRIL 2022 2022 2021 Nots Fixed assets Tangible assets Investments 14 241,036 484,368 910.000 246.058 455,451 874,320 16 Investment property 15 1,635.404 1,575,809 Current assets Cash at bank and in hand 6,814 7,038 6,814 7,038 Creditors.. amounts falling due wf(hin one year 17 17,5701 111.650) Net current liabilities 17561 (4,612) Total assets less current IlabllStles 1,634.648 7,571, 197 Total net asset8 1,634.648 1,571, 797 Charity funds Endowment funds 19 1,635,404 1,575.809 Restricted funds Unrestricted funds 19 19 17561 (4,6121 Total funds 1,634.648 1,571, 797 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Do¢uSdn1dtsy'. en Date.. 02-Feb-2023 The notes on pages 8 to 18 form part of these financial slalemenls. Page 7
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 General information The Gail Taylor Charity is an unicorporated charity registered in England and Wales. The address of the registered office is disclosed on the company information page. The functional and presentation currency of the charity is GBP. Accounting policies 2.1 Basis of preparation of financial staternentB The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared lo give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and tsirf view. This departure h85 Involved following the Charities SORP IFRS 1021 published in October 2019 rsthei than the Accounting and Reporting by Charit185.' Statement of R8commend8d Pr8Ctice eff8Ctive from 1 April 2005 which has since been withdrawn. The Gail Taylor Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. Financial reporting standard 102- reduced disclosure exemptions The charity has taken advantage of the following disclosure exemptions in preparing these financial staternents, as pemiitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: The requirements of Section 7 Statement of Cash Flows. 2.2 Going concèrn The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Having considered the potential impact tsf Covid-19 on the charity's income streams and ctssts, the trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period or to the ability of the group to continue in operation. 2.3 Income All income is recognised once the Charity has entillernent lo the income, it is probable that the incorne will be reiVed and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing enlillemenl. the probability of receipt and the ability lo estimate with sufficient awuracy the arnounl receivable. Evidence of entitlement lo a legacy exists when the Charity has sufficient evidence that a gtft ha5 been left to them (through knowledge of the existen¢e of a valid will and the death of the benefactor) and the executoi is sat15fied that the property in quesb.on will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when It is probable that it will be received and the fair value of the amount receivable, which wll generally be the expected cash amount to be distributed to the Charity, can be reliably measured. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 8
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Accounting policies Icontinuedl 2.4 Expenditure Expenditure is recognised once there is a legal or conslructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the arnount of the obligation can be measured reliably. Expenditure is classified by 8Ctivity. The costs of each activity are rnade up of the total of direct costs and shaied costs. induding support Costs involved in undertaking each activity. Direct costs altiibut8ble to a single activity are allocated diredly to that activity. Shared costs which contiibule to more than one 8Ctivrty and support costs which are not attributable to a single activity are apportioned between those activrf(ies on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and indudes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitys objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is oondilional. such grants being reoognised as expenditure when the oondilions attaching are fulfilled. Grants offered subject to conditions which have not been mel 81 the year end are noted 85 8 wmtnitment. bul not acctued a5 expenditure. All expenditure is InclUse of itrecoverable VAT. 2.5 Intsrest r•e&ivabl• Interest on funds held on deposit is induded when receivable and the amount can be measured reliably by the Charity,. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £1.000 or rnore are capitalised and recognised when future economic benefit8 are probable and the cost or value of the asset can be rneasured reliably. Tangible fixed assets ale initially iewgnised at cost. After recognition, under the cost tnodel, tangible fixed assets are rneasured at C05t less accumulated depieciation and any 8ccurnul8ted Impairtnent1055es. All costs incuried to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreaation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, Depreaation is provided on the following basis.. Long-term leasehold property Motor vehides Office equipment 2°kn Straight line basis 25°/ts Reducing balance basis 33°/D Reducing balan basi5 Page 9
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Accounting policies Icontinuedl 2.7 Investments Fixed asset investments are a fomi of financial instrument and are initially recognised at their transaction cost and subsequently rneasured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured al c05t less imp8irmenl. Investment gains and losses, whether realised or uNre8lised. are cornbined and presented as 'GainsllLosse51 on investments, in the Slalemenl of Finanryal Activities. Investments held as fixed assets are shown at cost less provision for impairment. 2.8 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer ol economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the arnount it has received as advanTrd payrnents for the goods or services it rnust provide. Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where the effect of the lirne value of money is material. the provision is based on the present value of those amounts. discounted 8t the pre-tax discount rate that ieflects the risks specific to the liability. The unwinding of the discount is recognis8d in the St8teTll8nt of Financial Activities as a finance cost. 2.9 Finaneial instruments The Charity only has linanual assets and financial liabilities of a kind that qualify as basic financial instruments. Basic finanaal instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rnethod. 2.10 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designed for other purposes. Investrnent income, gains and losses ale allo¢ed to the appropriate fund. Critical aeeounting èstimatès and arèas of judg•mènt Estimates and judgements are continually evaluated and are based on historical experients and other factors, induding expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the trustees there are no significant estimates or areas of judgement that would have a material impact on the financial statements. Page 10
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Income from donations and legacies Endowment funds 2022 Total funds 2022 To181 funds 2027 Legacies 1,568,987 Total 2021 1,568,987 1,568,987 Income from charitable activities Unrestricted funds 2022 Total funds 2022 Total runds 2027 Rental incorlle 41,350 41,350 16,585 Total 2021 t6,585 16,585 Investment income Unrestrieted Endowment funds funds 2022 2022 Total funds 2022 Totèl funds 2021 Investment income 8,619 8,619 2,450 Total 2021 2,450 2,450 Page 11
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Expenditure on raising funds Costs of raising income Unrestricted funds 2022 Totsl fund 2022 Tol81 funds 2021 Service charges Agent f8es Repairs 8nd maintenan Rates 8,909 4,962 1.475 1,997 8,909 4,962 1,475 1,997 2,614 8.672 693 17,343 17,343 77,979 Total 2021 17,979 17,979 Analysis of grants Grants to Individuals 2022 Total funds 2022 Total funds 2027 Grants paid 10,427 10,427 lQ,597 Total 2021 10,597 10,597 Page 12
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Analysis of expenditure on charitable activities Summary by fund type Unrestricted Endowment fund8 funds 2022 2022 Totsl 2022 Tol81 2021 Charitable activities 26,151 9,634 35,785 40,946 Total 2021 35.924 5,022 40,946 10. Analysls of expendlture by actlvltles Grant funding of activities 2022 Support costs 2022 Total funds 2022 Total funds 2027 Charitable activities 10.427 25,358 35,785 4Q.946 Toto12021 10, 597 30,349 40,946 Analysis of support costs Totsl funds 2022 Tol81 fvnrls 2027 Activities 2022 Depreciation B8nk 8nd bioker fees 5,022 4.658 10,921 1,733 5,022 4,658 10,921 1,733 5,022 1.992 13,753 1,912 710 Legal and professional fees Motor vehicle expenses Sundries Accountancy fees Insurance 2,790 234 2,790 234 7,560 25,358 25,358 3Q.349 Total 2027 3Q,349 30,349 Page 13
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 10. Analysis of expenditure by activities Icontinuedl Analysis of support costs Icontinuedl Governance costs for the year were £17,791 (2021.. £21,3131 and are induded within support costs above. 11. Independent examinerfs remuneration 2022 2027 F8es payable to the Charity's Indep8nd8nt exaTniner in r8spect of.. Independent examination of the Charity's annual accounts Audit of the Charity's annual accounts 720 4,8QO 12. Staff costs The average number of persons employed by the Charity during the year w8s nil12021.' nil) No employe8 received r8rnuneration amounting to rn018 than £60,000 in 8rther year. 13. Trusteès. rèmuneration and expenses During the year, no Trustees received any remuneration or other benefits (2021- £NIL). During the year ended 5 April 2022, no Trustee expenses have been incurred12021- £NIL). Page 14
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 14. Tangible fixed assets Long-term leasehold property Motor véhielès Office •quipment Total Cost or valuation At 6 April 2021 251,080 36,700 1,030 288,810 At 5 April 2022 251,080 36,700 1,030 288.810 DepreclatSon At 6 April 2021 Charge for the year 5,022 5,022 36,700 1.030 42.752 5.022 At 5 April 2022 10,044 36,700 1,030 47,774 Net book value Al 5 April 2022 241,036 241.036 At 5 Ap1712021 246,058 246,058 15. Investment property Long terni leasehold investment property Valuation At 6 April 2021 Surplus on revalu81ion 874.320 35.680 At 5 April 2022 910,000 The investment property was transferred lo The Gail Taylor Charity 81 prob8te value. The trustees consider probate V8lue to iefled the rnatket value of the pioperties al the ye8r end. Page 15
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 16. Fixed asset investments Listed investment8 Cash Total Cost or valuation At 6 April 2021 Additions 437,060 73,556 166,4261 30,925 18,371 8.614 117.7321 455,431 82.170 IB4.1581 30.925 Disposals Revaluations At 5 April 2022 475,115 9,253 484,368 N•t book valua At 5 April 2022 475,115 9,253 484,368 At 5ApiFI 2021 4S7,060 18,371 455,431 17. Creditors: Amounts falling due within one year 2022 2027 Accruals and deferred income 7,570 71,650 18. Financial instruments 2022 2027 Financial assets Finanual assets measured at fair value through income and expenditure 484,368 455,431 Finanaal assets measured at fair value through income and expenditure comprise fixed asset investrnents. Page 16
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 19. Statement of funds Statement of funds- current year Balance at 6 April 2021 Transfers inlout Gainsl Balance at S (Losses) April 2022 Income Expenditure Unrestricted funds General funds 14,6121 41,350 143,4941 6.000 17561 Endowment funds Endowment Funds 1.575,809 8,619 19,6341 16.0001 66,610 1,635.404 Total of funds 1,571,197 49,969 153,1281 66,610 1,634,648 ststement of funds- prior year 8818nce al l April 2020 Transfers n/out G8insI (Losses) Balance 81 sAp1 2021 Income Expenditure Unrestricted funds General funds 1, 130 19,035 153.903) 29,126 (4,612) Endowment funds Endowrnent Funds 1,568,987 {5.022) (29, 726) 40,970 1,575,809 Total of funds 1, 130 1,588,022 (58,925) 40,970 1,571, 797 General funds are used for the objects of the charity, to make provision for the care, maintenance, support and benefit of any persons who, while suffering from cerebral palsy, also suffer from other disabilities and in particular blindness. During the prior year the charity reiVed £1,568.987 frorll the estate of the late Parrela TaOr in the form of Property with 8 value of £1.120.000 and an investment portfolio with a value of £448.987. The trustees continue lo hold these assets to generate income for the Charity and to further ils ch81ilable airns. The trustees however have the right to spend the capital as well as the income arising from bequest. The bequest accordingly cgtegorised as an expendable endowment in these accounts. £e,000 12021, £29,126) has been transferred to general funds in respect of money drawn from the investment portfolio. Page 17
Docusign En¥ÈlopÈ ID". 2CD509FB-66F6-49F3-943E-BEC515910B87 THE GAIL TAYLOR CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 20. Analysis of net assets betsyeen funds Analysis of net assets beeen funds- current year Unrestricted Endowment funds funds 2022 2022 Total funds 2022 Tangible fixed assets Fixed asset investrnents 241,036 484,368 910.000 241.036 484.368 910.000 6,814 17,5701 Investment property Current assets Creditors due within one year 6,814 17,5701 Total 17561 1,635,404 1,634.648 Analysls of net assets beeen funds- prlor year UnStricted funds 2027 Endowment funds 2021 Total funds 2027 Tangible fixed assets Fixed asset investrnents Investment property Current assets Creditors due within one year 246.058 455,437 874,320 246.058 455.431 874,320 7,OS8 (11,6501 7,038 (11,650) Total (4,612) 1,575,809 1,571, 797 21. Related paty transactions During the year ended 5 April 2022 the charty incurred expenditure of £14,56812021." £15,523) relating to legal and professional fees with Menzies LLP, a company in which Stephen Pritchard was a Partner during the year. Page 18