OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Julian Taylor Charitable Trust

2025-04-05-accounts

Charity registration number 1060235 (England and Wales)

|

i

JULIAN TAYLOR CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

|

|

:

:

|

: |

|

:

:

JULIAN TAYLOR CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees JD Taylor
Mrs S EAbrahams
AJ Taylor
MsN
S
Taylor
Charitynumber 4060235
Principal address 49 Norrice Lea
London
N2 ORN
Independent examiner Sandra Garrington (F.C.A., F.C.C.A., C.T.A.)
Price Pearson
Finch House
28-30 Wolverhampton Street
Dudley
West Midlands
DY1 1DB
Bankers Couits & Co
440 Strand
London
WC2R0QS
Investment advisors Coutts & Co
440 Strand
London
WC2R0QS

:

|

:

JULIAN TAYLOR CHARITABLE TRUST

CONTENTS

==> picture [314 x 289] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |Page| |Trustees’|report|1-2| |Independent examiner's|report|3| |Statement|of financial|activities|4| |Balance sheet|5| |Notes|to the|financial|statements|6-13|

----- End of picture text -----

a

| | : :

| “for or towards such charitable purposes and in such proportions and in such manner and subject to such terms as the trustees think fit.” The trustees confirm that they have given careful consideration to the duty in section 17(5) of the the Charities Act Act 2011 | to have due regards to the Charity Commissions general guidance on public benefit when reviewing the Trust's i aims and and objectives and in planning future activities and and setting the grant making making policy for the the year.

JULIAN TAYLOR CHARITABLE TRUST | TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their report and accounts for the year ended 5 April 2025.

The legal and administrative information forms part of this report.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charitable trust's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019).

Objectives and activities

The objects of the charitable trust are to apply the income of the charitable trust fund and such parts of the capital of the trust fund as the trustees think fit for the following purposes:

The trustees confirm that they have given careful consideration to the duty in section 17(5) of the the Charities Act Act 2011 to have due regards to the Charity Commissions general guidance on public benefit when reviewing the Trust's aims and and objectives and in planning future activities and and setting the grant making making policy for the the year.

Achievements and performance

Grants are primarily given to, but are not restricted to, charities meeting widely different charitable purposes within and on behalf of the Jewish community both in the UK and abroad.

The trustees are pleased to note that the year was successful in terms of the number of grants and the amount of funds awarded. During the year 37 grants were awarded totalling £97,851 as shown in note6 to the accounts. The trustees feel that the trust has been effective and fulfilled its objectives.

Financial review

The total incoming resources and resources expended for the year are shown in the Statement of Financial Activities on page 4. The total incoming resources amounted to £174,155 and further details can be found in notes 2 and 3.

The total resources expended amount to £110,748 and further details can be found in notes 4, 5 and 10.

Reserves policy

The trustees have built up the unrestricted funds to a level, (£2,027,961 at the balance sheet date), where they i propose to seek to make significant grants, whilst maintaining at the very least a minimal level of unrestricted funds : sufficient to meet the governance costs for the next year. The trustees keep this reserves policy under review and ; are building reserves for the longer term to enable the charity to continue to makea similar level of charitable grants : on an annual basis in for as many years as possible in the event that the donations decrease. The reserves also : remain high in part from unrealised profits on investments which may not materialise in the current economic | circumstances. This level of reserves allows the charity to consider significant grants should the need arise.

: :

i

| I | i

'

JULIAN TAYLOR CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Investment policy and performance

The trustee’s investment policy is to generate income to enable grants to be made whilst also providing for capital growth to support future grant making over the long term. The investments are managed by an investment company.

The value of fixed asset investments of the trust at 5 April 2025 amounted to £1,814,363.

The trustees are satisfied with the performance of the investments, bearing in mind market conditions prevailing at the year end.

Risk Management

The trustees have assessed the major risks to which the charitable trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charitable trust is an unincorporated trust, constituted under a trust deed dated 18 March 1996.

The trustees are responsible for the administration of the charitable trust and meet on a regular basis. New trustees will be appointed if and when required.

At the trustees’ meetings, the trustees agree the broad strategy and areas of activity for the charitable trust, including consideration of grant making, investment, reserves and risk management policies and performance.

The trustees who served during the year and up to the date of signature of the financial statements were: JD Taylor

Mrs S E Abrahams

AJ Taylor Ms N S Taylor

The trustees' report was approved by the Board of Trustees.

JD Tay Trustee

==> picture [142 x 19] intentionally omitted <==

----- Start of picture text -----
Date: 26>a pte 2025,
----- End of picture text -----

| JULIAN TAYLOR CHARITABLE TRUST

| INDEPENDENT EXAMINER'S REPORT : TO THE TRUSTEES OF JULIAN TAYLOR CHARITABLE TRUST

: :

: : :

7

| report to the trustees on my examination of the financial statements of Julian Taylor Charitable Trust (the charitable trust) for the year ended 5 April 2025, which are set out on pages 4 to 13.

Responsibilities and basis of report

As the trustees of the charitable trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

| report in respect of my examination of the charitable trust's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

the examination giving me cause to believe that in any material respect:

| 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 financial statements to be reached.

Price Pearson

Finch House

28-30 Wolverhampton Street

Dudley

West Midlands

DY1 1DB

21 November 2025

: :

: i :

|

: |

| |

JULIAN TAYLOR CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2025

==> picture [488 x 414] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2025|2024| |Notes|£|£| |Income|from:| |Donations|and|legacies|2|125,000|125,000| |Investments|3|49,155|39,463| |Total|income|174,155|164,463| |Expenditure|on:| |Raising|funds|4|9,117|4,799| |Charitable|activities|5|101,634|98 842| |Other|expenditure|10|-|3,434| |Total|expenditure|110,748|107,075| |Net|gains/(losses)|on|investments|11|20,033|197,194| |Net|income|83,440|254,582| |Other|recognised|gains|and|losses:| |Other|losses|13|(24)|(260)| |Net|movement|in|funds|83,416|254,322| |Reconciliation|of funds:| |Fund|balances|at 6 April|2024|1,944,545|1,690,223| |Fund|balances at 5 April|2025|2,027,961|1,944,545|

----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

~4A-

|

i | :

:

| |

|

:

:

g ||

JULIAN TAYLOR CHARITABLE TRUST

BALANCE SHEET

AS AT 5 APRIL 2025

2025 2024
Notes £ £ £ £
Fixed assets
Investments		 14 1,814,363 1,717,339
Currentassets
Debtors
Cash at bank and in hand		 16 25,000
192,282		 25,000
205,800
217,282 230,800
Creditors: amounts falling due within
oneyear		 17 (3,684) (3,594)
Netcurrentassets 213,598 227,206
Total assets lesscurrent liabilities 2,027,961 1,944,545
The funds ofthe charitable trust
Unrestricted funds 18 2,027,961 1,944,545
2,027,961 4,944,545

The financial statements were approved by the trustees on 207{2 202S”

wa TrusteepFayld yy

|

i :

i

k | i : :

;

:

| :

:

|

:

JULIAN TAYLOR CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS : FOR THE YEAR ENDED 5 APRIL 2025

Charity information Julian Taylor Charitable Trust is constituted as a Charitable Trust under a Trust Deed dated 18 March 1996.

The accounts have been prepared in accordance with the charitable trust's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charitable trust is a Public Benefit Entity as defined by FRS 102. The charitable trust has taken advantage of the the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Cash Flows. The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The charitable trust has taken advantage of the the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable trust. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Incoming resources Income is recognised when the charitable trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Dividends on investments are credited to the accounts at the time payment is due and are accounted for net of any non repayable tax credit.

Bank interest is accounted for gross when receivable.

Donations are accounted for when received.

Gift aid in respect of donations is accounted for when receivable.

|

:

i

i i :

i

i :

: L : : E : / :

JULIAN TAYLOR CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

a 4Accounting policies (Continued)

1.5 Resources expended Resources expended are recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and includes irrecoverable VAT.

Expenditure on charitable activities includes grants payable to third parties in the furtherance of the charitable objectives of the charitable trust, together with governance costs.

Governance costs comprise costs involved in the public accountability of the charity and its compliance with regulation and good practice. The direct costs of accountancy and the independent examination (when required) have been charged to governance costs.

1.6 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

Current asset investments are stated at market value.

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their carrying value. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The charitable trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 42 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable trust's balance sheet when the charitable trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

F i : : |

; i

E Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in : foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss. : : 2 _ Donations and legacies 2025 2024 f é : Donations and gifts 125,000 125,000

JULIAN TAYLOR CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

ee

1 Accounting policies

(Continued)

impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

if an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charitable trust transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities Basic financial! liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities Financial liabilities are derecognised when the charitable trust's contractual obligations expire or are discharged or cancelled.

1.9 Foreign exchange

2025 2024 f é 125,000 125,000

|

|

|

|

| :

|

JULIAN TAYLOR CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Oe 3 Income from investments

3 Income from investmentsfrom investmentsinvestments
2025 2024
Incomefrom listed investments 42,155 37,566
Interest receivable 7,000 1,897
4 Raising funds
2025 2024
é é
Investmentmanagement 9,117 4,799
5 Charitable activities — —
2025 2024
£ £
Grantfunding ofactivities (see note 6)
Share ofsupportcosts (see note 7)		 97,851
3,780		 94,864
3,978
101631 98,842

: : i

: i :

JULIAN TAYLOR CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

6 Grants payable

2025 2024
£ £
Grants to institutions (39 grants, 2024: 30 grants):
Supporting Jewishcommunity
SpeakeasySunday
Food poverty		 85,800
2,351
9,700		 86,864
-
8,000
97,851 94,864
:
7
Support costscosts
i
Support Governance
2025
2024 Basis ofallocation
:
costs
costs
:
£
£
£
£
-
3,780
3,780
3,978

8 Trustees

No trustee (or person connected with them) received any remuneration or expenses during the year.

Donations amounting to £100,000 without conditions were received during the year from J D Taylor, who is a trustee.

9 Employees

There were no employees during the year.

i

&

10 Other expenditure

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Financing costs - 3,434

/

i - 10 -

|

: i

|

: |

/

f

:

:

JULIAN TAYLOR CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

11. Net gains/(losses) on investments

Unrestricted Unrestricted
funds funds
2025
£		 2024
£
Revaluation ofinvestments investments (110,044) 136,881
Gain/(loss) on sale ofinvestments 130,077 60,313
20,033 197,194

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Other gains or losses

Other gainsgains or losseslosses Unrestricted Unrestricted
funds funds
2025 2024
£ £
Foreignexchangegains 24 260
  1. Fixed asset investments
Fixed asset investments
Listed
investments
£
Cost orvaluation
At5April 2024
Additions
Valuation changes
Disposals		 1,717,339
1,293,053
(110,044)
(1,085,985)
At5April 2025 1,814,363
Carrying amount
At05April2025		 1,814,363
At05April2024 1,717,339

i

|

: :

|

:

|

i :

JULIAN TAYLOR CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

:

14 Fixed asset investments (Continued)
The portfolio ofinvestments is split as follows: Capital at 5
April 2025 (%)
Bonds 20
Equities 79
Property 0
Cash 1
Commodities 0
100.00
15 Financial instruments 2025 2024
£ £
Carrying amount offinancial assets
Debt instruments measured at amortised cost 25,000 25,000
Equity instruments measured at fair value 1,814,363 1,717,339
Carrying amountoffinancial liabilities
Measured at amortised cost		 3,684 3,594
16 Debtors
2025 2024
Amounts falling duewithin oneyear: £ £
Other debtors - due from HMRC 25,000 25,000
47 Creditors: amounts falling duewithin one year
2025 2024
£ £
Accrualsanddeferredincome 3,684 3,594

|

|

|

: : :

:

: :

: :

JULIAN TAYLOR CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 6April Incoming Resources Gains and At 5 April
2024 resources expended losses 2025
£ £ £ £ £
General funds 1,944,545 174,155 (110,748) 20,009 2,027,961
Previous year: At6April
2023		 Incoming
resources		 Resources
expended		 Gains and
losses		 At5April
2024
£ £ £ £ £
Generalfunds 1,690,223 164,463 (107,075) 196,934 1,944,545

19 Analysis of net assets between funds

Analysis of net assets between funds
Total
Fund balances at 5April 2025 are represented by:
Investments
Current assets/(llabilities)		 1,814,363
213,598
2,027,961

a