Charity number: 1059891
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE GAIL TAYLOR CHARITY
## THE GAIL TAYLOR CHARITY
## CONTENTS
||Page|
|---|---|
|Reference and administrative details of the Charity, its Trustees and advisers|1|
|Trustees' report|2 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 17|
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## THE GAIL TAYLOR CHARITY
## REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025
|Trustees|Mr Stephen Pritchard, Trustee|
|---|---|
||Mr Charles Pfister, Trustee|
|Charity registered number
1059891
Principal office
Flat 6 Netley Castle
Abbey Hill
Netley Abbey
Southampton
SO31 5FA
Accountants
Menzies LLP
Chartered Accountants
Magna House
18-32 London Road
Staines-Upon-Thames
TW18 4BP
Bankers
HSBC Bank PLC
PO Box 160
12A North Street
Guildford
GU1 4AF
Investment Manager
Rathbones Investment Management Limited
Connaught House
Alexandra Terrace
Guildford
GU1 3DA
Independent Examiner
Ms Octavia Huppler
Neon Numbers Limited
259 Copnor Road
Portsmouth
Hampshire
PO3 5EE||
Page 1
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## THE GAIL TAYLOR CHARITY
## TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025
The trustees' present their report and financial statements of the Charity for the year ended 5 April 2025.
## PURPOSE AND AIMS OF THE TRUST
The Gail Taylor Trust was constituted by a Settlement Deed dated 22 November 1996 and is a registered charity, number 1059891. The object of the charity is to make provision for the care, maintenance, support and benefit of any person or persons who, while suffering from cerebral palsy, also suffer from other disabilities and in particular blindness. Applications are invited from potential beneficiaries and these are considered by the trustees 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.
## ADMINISTRATIVE 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: Flat 6 Netley Castle Abbey Hill Netley Abbey Southampton SO31 5FA
The Charity has a “Beneficiaries Committee” which reviews applications and decides on donations and support to be given by the Charity.
The Charity’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,Magna House, 18-32 London Road, Staines-Upon-Thames, TW18 4BP.
## ACTIVITIES AND ACHIEVEMENTS
The Trustees hold 4 residential flats and an investment portfolio in order to generate income for the Charity and to further its charitable aims. The Trustees, however, have the right to spend capital as well as income arising.
Some of the properties bequeathed to the Charity have required work to upgrade them prior to letting and the Trustees continue to ensure that the let properties are of a good standard. They are let to third parties on commercial rents, via a lettings agency.
Various grants were made to applicants during the year, totaling £45,428 (2024: £45,789). These payments were to cover assistance in purchasing wheelchairs, adapted tricycles, communication aids and the costs of a support dog. Other money expended during the year covered repairs and improvements to assets owned by the Charity.
In planning the grant payments, the Trustees kept in mind the Charity Commission’s guidance on public benefit.
Page 2
## THE GAIL TAYLOR CHARITY
## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
## FINANCIAL REVIEW
Rental income received from the letting of the flats amounted to £49,535 (2024: £41,754) and investment income was £20,903 (2024: £20,055). Grants paid to applicants amounted to £45,428 (2024: £45,789). The costs relating to the flats totalled £14,129 (2024: £50,877) and support costs totalled £9,032 (2024: £20,135). Net income before investment gains was £9,959 (2024:£192,860). Losses on investments were £62,841 (2024: gains of £80,048). Funds held at 5 April 2025 consisted of Expendable Endowment Funds of £1,508,043 (2024: £1,563,346), a designated investment fund of £251,486 (2024: £260,236) and a balance on general funds of £17,930 (2024: £6,759).
The Trustees aim to keep total reserves of approximately three months of normal expenditure or £7,500 to protect against fluctuations in income or unanticipated costs.
## POLICIES
With the receipt of the investment portfolio, the Trustees 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 accordance 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 to applicants seeking funding for equipment or courses that would help improve their lives
## 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 Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial 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 of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
> | ................................................ SteplenSigned8CC94E48F5904D2... by: Pritdeard Mr Stephen Pritchard Trustee
Date:
Page 3
## THE GAIL TAYLOR CHARITY
## INDEPENDENT EXAMINERS' REPORT
## Independent examiner's report to the Trustees of The Gail Taylor Charity ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2025.
## Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity'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 145(5)(b) of the 2011 Act.
## Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I 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 Practice effective for reporting periods beginning on or after 1 January 2019.
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 material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed by: Signed: [ta64D6FF32E4C74C6... Huppler
Dated:
## Octavia Huppler
259 Copnor Road Portsmouth Hampshire PO3 5EE
Page 4
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## THE GAIL TAYLOR CHARITY
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
|Note
Income and endowments from:
Donations and legacies
4
Charitable activities
5
Investments
6
Other income
7
Total income and endowments
Expenditure on:
Raising funds
8,9
Charitable activities
11
Total expenditure
Net income before net (losses)/gains on
investments
Net (losses)/gains on investments
Net (expenditure)/income
Transfers between funds
21
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward|Unrestricted
funds
2025
£
17,124
49,535
5,910
-
72,569
16,677
54,460
71,137
1,432
(12,112)
(10,680)
13,101
2,421
266,995
2,421
269,416|Endowment
funds
2025
£
-
-
14,993
-
14,993
6,466
-
6,466
8,527
(50,729)
(42,202)
(13,101)
(55,303)
1,563,346
(55,303)
1,508,043|Total
funds
2025
£
17,124
49,535
20,903
-
87,562
23,143
54,460
77,603
9,959
(62,841)
(52,882)
-
(52,882)
1,830,341
(52,882)
1,777,459|Total
funds
2024
£
247,135
41,754
20,055
7,500
316,444|
|---|---|---|---|---|
|||||57,660
65,924
123,584|
|||||192,860
80,048|
|||||272,908
-
272,908|
|||||1,557,433
272,908
1,830,341|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 17 form part of these financial statements.
Page 5
## THE GAIL TAYLOR CHARITY
## BALANCE SHEET AS AT 5 APRIL 2025
||||2025|2025|2024|
|---|---|---|---|---|---|
||Note||£||£|
|Fixed assets||||||
|Investments|17||889,529||920,481|
|Investment property|16||870,000||890,000|
||||1,759,529||1,810,481|
|Current assets||||||
|Debtors|18|8,080||2,171||
|Cash at bank and in hand||17,933||24,734||
|||26,013||26,905||
|Current liabilities||||||
|Creditors: amounts falling due within one year|19|(8,083)||(7,045)||
|Net current assets|||17,930||19,860|
|Total assets less current liabilities|||1,777,459||1,830,341|
|Total net assets|||1,777,459||1,830,341|
|Charity funds||||||
|Endowment funds|21||1,508,043||1,563,346|
|Restricted funds|21||-||-|
|Unrestricted funds|21||269,416||266,995|
|Total funds|||1,777,459||1,830,341|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
| ................................................ SteplumSigned by: Priteard 8CC94E48F5904D2... Mr Stephen Pritchard
## Date:
The notes on pages 7 to 17 form part of these financial statements.
Page 6
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## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
## 1. General information
The Gail Taylor Charity is an unincorporated charity registered in England and Wales. The address of the principle office is disclosed on the company information page. The functional and presentation currency of the charity is GBP.
## 2. Accounting policies
## 2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to 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 fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective 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 statements, as permitted 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 concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Having considered the charity’s income streams and costs, 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 entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 7
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## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
## 2. Accounting policies (continued)
## 2.4 Expenditure
Expenditure is recognised once there is a legal or constructive 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 amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities 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 includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's 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 conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
## 2.5 Interest receivable
Interest on funds held on deposit is included 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 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
## 2.7 Liabilities and provisions
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 of 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 amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
Page 8
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## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
## 2. Accounting policies (continued)
## 2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial 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 method.
## 2.9 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 designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Expendable endowment funds represent monies given to the charity to be held but which are spendable at the discretion of the Trustees. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each endowment fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## 3. Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including 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.
## 4. Income from donations and legacies
|Donations
Total 2024|Unrestricted
funds
2025
£
17,124
247,135|Total
funds
2025
£
17,124
247,135|Total
funds
2024
£
247,135|
|---|---|---|---|
|||||
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## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
5. Income from charitable activities
|Rental income
Total 2024|Unrestricted
funds
2025
£
49,535
41,754|Total
funds
2025
£
49,535
41,754|Total
funds
2024
£
41,754|
|---|---|---|---|
|||||
6. Investment income
|Income from local listed investments
Total 2024|Unrestricted
funds
2025
£
5,910
-|Endowment
funds
2025
£
14,993
20,055|Total
funds
2025
£
20,903
20,055|Total
funds
2024
£
20,055|
|---|---|---|---|---|
||||||
7. Other incoming resources
|Profit on sale of motor vehicles
Total 2024|Endowment
funds
2025
£
-
7,500|Total
funds
2025
£
-
7,500|Total
funds
2024
£
7,500|
|---|---|---|---|
Page 10
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## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
## 8. Expenditure on raising funds
## Costs of raising income
|Service charges
Agent fees
Repairs and maintenance
Rates
Total 2024|Unrestricted
funds
2025
£
6,760
6,194
1,175
-
14,129
50,877|Total
funds
2025
£
6,760
6,194
1,175
-
14,129
50,877|Total
funds
2024
£
18,720
6,751
25,008
398
50,877|
|---|---|---|---|
|||||
## 9. Investment management costs
|Investment management fees
Total 2024|Unrestricted
funds
2025
£
2,548
-|Endowment
funds
2025
£
6,466
6,783|Total
funds
2025
£
9,014
6,783|Total
funds
2024
£
6,783|
|---|---|---|---|---|
||||||
10. Analysis of grants
|Grants paid
Total 2024|Grants to
Institutions
2025
£
45,428
45,789|Total
funds
2025
£
45,428
45,789|Total
funds
2024
£
45,789|
|---|---|---|---|
|||||
Page 11
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## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
## 10. Analysis of grants (continued)
In 2025, £nil was paid to HCAG (2024: £14,968), £nil to Wessex Lift Co (2024: £nil), £2,847 to Mobility Trust (2024: £10,000), £26,081 to The Sequal Trust (2024: £12,821), £nil to Canine Partners (2024: £8,000) £10,000 to Dame Vera Lynn Children's Charity (2024: £nil) and £6,500 to the Elizabeth Foundation.
## 11. Analysis of expenditure on charitable activities
## Summary by fund type
|Charitable activities
Total 2024|Unrestricted
funds
2025
£
54,460
65,924|Total
2025
£
54,460
65,924|Total
2024
£
65,924|
|---|---|---|---|
|||||
## 12. Analysis of expenditure by activities
|Charitable activities
Total 2024
Analysis of support costs
Bank and broker fees
Legal and professional fees
Trustee travel expenses
Insurance
Printing and postage
Total 2024|Grant
funding of
activities
2025
£
45,428
45,789|Support
costs
2025
£
9,032
20,135
Activities
2025
£
60
8,936
-
-
36
9,032
20,135|Total
funds
2025
£
54,460
65,924
Total
funds
2025
£
60
8,936
-
-
36
9,032
20,135|Total
funds
2024
£
65,924|
|---|---|---|---|---|
|||||Total
funds
2024
£
62
19,579
128
366
-
20,135|
||||||
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## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
## 13. Independent examiner's remuneration
||2025|2024|
|---|---|---|
||£|£|
|Fees payable to the Charity's independent examiner for the independent|||
|examination of the Charity's annual accounts|800|800|
## 14. Staff costs
The average number of persons employed by the Charity during the year was nil (2024: nil).
No employee received remuneration amounting to more than £60,000 in either year.
## 15. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 5 April 2025, expenses totaling £NIL were reimbursed or paid directly to 2 Trustees (2024 - £ 129 to 1 Trustee). Expenses reimbursed to Trustees that year consist of travel expenses.
## 16. Investment property
|Valuation
At 6 April 2024
Deficit on revaluation
At 5 April 2025|Long term
leasehold
investment
property
£
890,000
(20,000)|
|---|---|
||870,000|
The investment property was initially valued at probate value on the transfer of the property and has been revalued by the trustees since, based on the value of comparable properties.
Page 13
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## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
## 17. Fixed asset investments
|Listed
investments
£
Cost or valuation
At 6 April 2024
899,415
Additions
415,432
Disposals
(395,487)
Revaluations
(42,841)
At 5 April 2025
876,519
Net book value
At 5 April 2025
876,519
At 5 April 2024
899,415
18.
Debtors
Due within one year
Prepayments and accrued income
19.
Creditors: Amounts falling due within one year
Accruals and deferred income
20.
Financial instruments
Financial assets
Financial assets measured at fair value through income and expenditure||Other fixed
asset
investments
£
21,066
958
(9,014)
-
13,010
13,010
21,066
2025
£
8,080
8,080
2025
£
8,083
2025
£
889,529||Total
£
920,481
416,390
(404,501)
(42,841)
889,529
889,529
920,481
2024
£
2,171|
|---|---|---|---|---|
||||||
|||||2,171|
|||||2024
£
7,045|
|||||2024
£
920,481|
Financial assets measured at fair value through income and expenditure comprise fixed asset investments.
Page 14
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## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
## 21. Statement of funds
Statement of funds - current year
|Unrestricted
funds
Designated
funds
Investment funds
General funds
General Funds
Total
Unrestricted
funds
Endowment
funds
Expendable
Endowment
Fund
Total of funds|Balance at 6
April 2024
£
260,236
6,759
266,995
1,563,346
1,830,341|Income
£
5,910
66,659
72,569
14,993
87,562|Expenditure
£
(2,548)
(68,589)
(71,137)
(6,466)
(77,603)|Transfers
in/out
£
-
13,101
13,101
(13,101)
-|Gains/
(Losses)
£
(12,112)
-
(12,112)
(50,729)
(62,841)|Balance at 5
April 2025
£
251,486|
|---|---|---|---|---|---|---|
|||||||17,930|
|||||||269,416|
|||||||1,508,043|
|||||||1,777,459|
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 year to 5 April 2021, the charity received £1,568,987 from the estate of the late Pamela Taylor in the form of Property with a value of £1,120,000 and an investment portfolio with a value of £448,987. The trustees continue to hold these assets to generate income for the charity and to further its charitable aims. The trustees however have the right to spend the capital as well as the income arising from bequest. The bequest accordingly categorised as an expendable endowment in these accounts.
£13,101 (2024: £83,082) has been transferred to general funds in respect of money drawn from the endowment investment portfolio.
The trustees have set aside funds of £251,486 received from the winding up of the Trust for the support of the late Gail Taylor as investment funds to support the ongoing activities of the charity.
Page 15
�������������������� ��� �� �� ���� � � � �� ������ �� �
## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
|21.
Statement of funds (continued)
Statement of funds - prior year
Balance at
1 April 2023
£
Income
£
Expenditure
£
Unrestricted
funds
Designated
funds
Investment funds
-
247,135
-
General funds
General Funds
(1,276)
41,754
(116,801)
Total
Unrestricted
funds
(1,276)
288,889
(116,801)
Endowment
funds
Expendable
Endowment
Fund
1,558,709
27,555
(6,783)
Total of funds
1,557,433
316,444
(123,584)
22.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Fixed asset investments
Investment property
Current assets
Creditors due within one year
Total|Transfers
in/out
£
-
83,082
83,082
(83,082)
-
Unrestricted
funds
2025
£
251,486
-
26,013
(8,083)
269,416|Gains/
(Losses)
£
13,101
-
13,101
66,947
80,048
Endowment
funds
2025
£
638,043
870,000
-
-
1,508,043|Balance at
5 April 2024
£
260,236
6,759
266,995
1,563,346
1,830,341
Total
funds
2025
£
889,529
870,000
26,013
(8,083)
1,777,459|
|---|---|---|---|
Page 16
�������������������� ��� �� �� ���� � � � �� ������ �� �
## THE GAIL TAYLOR CHARITY
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
22. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
|Fixed asset investments
Investment property
Current assets
Creditors due within one year
Total|Unrestricted
funds
2024
£
260,236
-
13,804
(7,045)
266,995|Endowment
funds
2024
£
660,245
890,000
13,101
-
1,563,346|Total
funds
2024
£
920,481
890,000
26,905
(7,045)
1,830,341|
|---|---|---|---|
## 23. Legacy income
The trustees regret to note that Gail Taylor died during the year 5 April 2023. The charity will be the beneficiary from her estate. It is however not possible to quantify the amount that will be received at this stage.
Page 17