Charity Details
Charity Name Valerie Taylor Trust
Charity Number 1122245
Correspondence Postal Address 4 Wilberforce Road, Coxheath, Maidstone, Kent, ME17 4HA
Correspondence Email Address admin@valerietaylortrust.org
Website Address www.valerietaylortrust.org
Trustees
Mr Benjamin Clackson Mr Sayadul Khaled Mr Peter Donnelly Ms Janet Ivin Mrs Margaret Hakim Mr Mokhtar Hussain Mr M.A. Rashid Mr Jahangir Alam Mr Glen McGhee Ms Helen Mortimer
Professional Advisors
Banker:
HSBC
110 High Street, Godalming, Surrey, GU7 1DP
Independent Examiner:
Saaima Ashraf
3 Repton Road, Earley, Reading, RG6 7LJ
Annual Report 2020 – 2021
Structure, Governance and Management
The Valerie Taylor Trust is governed by a constitution adopted on 5 September 2007 as amended on 16 December 2007.
The charity is managed and administered by a Management Committee. The Management Committee for the year 2020-2021 consisted of elected members who are also the trustees of the charity.
The chart below indicates the organisational structure of the Valerie Taylor Trust for the year 2018 - 2019:
Recruitment of the Management Committee
At the 2020 annual general meeting, three members of the Management Committee stood down, but Margaret Hakim and Ben Clackson were willing to be re-elected. A valid nomination was also received for Helen Mortimer, and these three were elected.
At the 2021 annual general meeting one third of the members of the Management Committee will again stand down but will be eligible for re-election. The Management Committee may also appoint up to three co-opted members.
All members of the Valerie Taylor Trust are eligible to become members of the Management Committee. To become a member of the Management Committee, a member of the Valerie Taylor Trust needs to be nominated by another member of the Valerie Taylor Trust and stand for election at the next Annual General Meeting.
Our Objects
In 2020-21 the Trust was unable to hold any fund-raising events and its Income and the amount we were able to send to CRP fell sharply, But we are pleased that Bangladesh in general and CRP in particular coped relatively well with the pandemic.
The objects of the Valerie Taylor Trust are:
(a) To assist in the treatment, care and rehabilitation of disabled people in Bangladesh, in particular but not exclusively by promoting reintegration into the community, raising awareness of disability issues, and educating health care workers.
(b) To relieve poverty in Bangladesh.
In the UK, the Trust continued to engage its existing supporters via newsletters and a Zoom Annual meeting, while laying plans for raising awareness of CRP and its work in the British Bangladeshi community.
The Trustees have decided that at the moment the best way of fulfilling these aims is by making grants to the Centre for the Rehabilitation of the Paralysed (CRP).
Total income = £177,726
Financial Review
Funds are raised by donations, membership support, fundraising events, trusts and companies. Expenditure is aimed to promote all these forms of giving, such as providing access on the Just Giving website, Gift Aid envelopes, leaflets and mailing campaigns.
During the period of this report, the total income was £177,726. This consisted of donations and subscriptions totalling £93,462, reclaimed tax as Gift Aid of £7,581, £529 from other activities, and £76,154 from companies (including £61,229 from Primark). Expenses related to supporting this giving were £1,605.
£167,000 was sent to CRP during the year, and the balance of cash funds remaining was £12,325. The trustees consider that the simplicity of the trust’s finances means that they do not require a detailed reserve policy. However, they ensure that the trust always has at least £2,000 on hand, which would be sufficient to cover its costs for six months. The Trust does not currently have an investment policy because all receipts, net of expenses, are sent to CRP. The trustees have reviewed the relevant legislation and believe that the trust’s accounts are exempt from the requirement from an annual audit, and that an independent examination suffices.
A Difficult Year for CRP and VTT
While CRP managed to maintain its services to paralysed patients in its hospital throughout the year, covid-19 had a considerable impact on its outpatient services. The Centre was closed to outpatients for 2 months while covid arrangements were put in place, but CRP was the first centre to re-open therapeutic intervention for marginalized disabled people which followed all the Bangladesh Government guidelines. Through an agreement with another local NGO, CRP was able to get access to covid testing for its staff and patients, and the test samples were analysed in a Government Lab. Those who became seriously ill were treated in a different specialised hospital.
However CRP’s educational services were confined throughout the year to online learning because all educational institutions were physically closed to pupils/students by Government order.
VTT was able to move its Trustees Meetings and Annual Meeting onto Zoom, but fundraising activities, which in other times have often taken place over shared meals in Bangladeshi restaurants, were much curtailed and we were only able to send £167,000 to CRP this year. Also restrictions on air travel completely stopped the flow of UK volunteers to CRP and prevented the founder of CRP, Valerie Taylor, from coming to UK to meet with our supporters.
In July 2000 CRP asked us to help with fund-raising for the construction costs of a new CRP centre on the outskirts of Moulvibazar. We therefore launched an appeal and set up a Just Giving page for donations. We hope the appeal will gain momentum as current UK restrictions recede.
In view of its grants to CRP, VTT Trustees consider they have complied with their duty under section 4 of the Charities Act 2006 concerning public benefit, primarily the advancement of health and the relief of those in need by reason of disability.
Developments at CRP
-
In June 2020 the Bangladesh Government gave CRP the equivalent of £880,000 to be put in a fixed deposit account. The interest from this sum will subsidise the treatment of patients who cannot afford the full costs. This was very encouraging at a challenging time, and an indication of the Government’s respect for CRP’s work.
-
At the end of 2020 Shafiq ul Islam retired from CRP after 10 years in post as Executive Director. In that time CRP had developed a lot, particularly towards fulfilling Valerie Taylor’s goal of developing regional Centres outside the main Centre at Savar. Shafiq’s successor Sohrab Hossein has worked at CRP for 20 years as physiotherapist and manager, and has just returned from completing a PhD at the University of Sydney.
Trustee Activities
-
Trustees have continued to engage members and supporters with Spring and Autumn newsletters showing CRP’s achievements.
-
Trustees also felt that VTT needed to raise awareness of CRP and its work in the British Bangladeshi community, and have begun talks with an associate of Channel-S, a TV channel for British Bangladeshis, to see how we can work together on this.
-
In a Zoom interview with the new Acting Executive Director Sohrab Hossein (see above) Trustees got to know him better and circulated a summary of the interview in the Spring Newsletter. We very much look forward to working with him in the future.
Valerie Taylor Trust
Final accounts for all years (approved by independent examiner)
| Income & Expenditure | 2020-21 | 2019-20 | 2018-19 | 2017-18 | 2016-17 | 2015-16 |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Income | ||||||
| Donations and Subscriptions | ||||||
| Restricted Funds | 3,720 | 44,805 | 2,141 | 17,322 | 7,017 | 48,715 |
| Unrestricted Funds | 89,742 | 216,582 | 259,938 | 78,774 | 70,627 | 52,812 |
| Tax refund - Gift Aid | 7,581 | 8,189 | 9,201 | 12,264 | 10,911 | 8,845 |
| Other Charitable Activity (Unrestricted | Funds) | |||||
| Sales of donated items | 529 | 243 | 662 | 180 | 1,295 | 1,147 |
| Fundraising events | 0 | 747 | 4,133 | 3,761 | 3,698 | 4,743 |
| Corporate Donations | ||||||
| Restricted Funds | 74,154 | 80,854 | 79,087 | 84,387 | 0 | 56,256 |
| Unrestricted Funds | 2,000 | 4,000 | 10,759 | 72,388 | 24,590 | 33,850 |
| Bank interest | 0 | 176 | 145 | 21 | 7 | 31 |
| Total Income | 177,726 | 355,596 | 366,066 | 269,098 | 118,146 | 206,399 |
| Expenditure | ||||||
| Printing & Stationery | 554 | 819 | 862 | 906 | 1,250 | 980 |
| Postage | 82 | 102 | 200 | 86 | 266 | 149 |
| Meetings | 193 | 813 | 660 | 667 | 972 | 686 |
| Bank | 60 | 100 | 60 | 90 | 72 | 131 |
| VTT Web site | 60 | 161 | 30 | 30 | 30 | 30 |
| Fundraising | 406 | 380 | 885 | 665 | 1,146 | 613 |
| Other | 250 | 250 | 560 | 854 | 544 | 402 |
| Total Expenditure | 1,605 | 2,626 | 3,258 | 3,298 | 4,280 | 2,992 |
| Net Income | 176,121 | 352,971 | 362,808 | 265,799 | 113,865 | 203,408 |
| 0 | ||||||
| Grants Made | ||||||
| Indirect support to CRP | ||||||
| CRP website | 0 | 150 | 90 | 90 | 90 | 90 |
| Other payments on behalf of CRP | 0 | 0 | 2,355 | 0 | 0 | 0 |
| Direct transfer of funds to CRP | 167,000 | 569,000 | 164,000 | 272,000 | 88,000 | 228,000 |
| Total Support to CRP | 167,000 | 569,150 | 166,445 | 272,090 | 88,090 | 228,090 |
| Balance | ||||||
| Payments due | -250 | -250 | -250 | -250 | -359 | -250 |
| Cash - Restricted Funds | 0 | 65 | 1,220 | 5,133 | 110 | 55 |
| Cash - Unrestricted Funds | 12,325 | 2,567 | 216,864 | 17,587 | 31,109 | 6,570 |
| Gift Aid refund due from HMRC | 6,654 | 7,225 | 7,945 | 6,945 | 4,846 | 3,556 |
| Other | -8 | -8 | ||||
| Total Funds to carry forward | 18,720 | 9,600 | 225,778 | 29,416 | 35,706 | 9,931 |
Notes
1 The accounts are prepared on a going concern basis
2 Tax refund includes £928 from Just Giving (gross of costs). Just Giving/Paypal donations are shown gross of costs
3 Sales includes cards, calendars, books and DVDs
4 Indirect support includes sterling payments for CRP projects
5 Restricted Funds may only be spent on specific agreed objectives. RF accounted for 44% of Income in 2020/21 vs 34% in 2019/20, 22% in 2018/19, 38% in 2017/18, 6% in 2016/17, 51% in 2015/16.
6 All Gift Aid refunds treated as Unrestricted
- 7 Interest received with Gift Aid treated as Bank Interest
8 2020/21 Unrestricted fund included £8k from John Langer legacy, £19k from Leonard Cheshire, £10k from Joyce Halliday.
2020/21 Corporate Restricted fund included £61k from Primark, £13k from Tesco and Other Restricted fund mainly in relation to Moulvibazar Centre.
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilities and basis of report Independent examiner's statement |
Charity Name THE VALERIE TAYLOR TRUST |
Charity Name THE VALERIE TAYLOR TRUST |
Charity Name THE VALERIE TAYLOR TRUST |
|---|---|---|---|
| 05 APRIL 2021 | Charity no (if any) |
1122245 | |
| ATTACHED (1 PAGE FINANCIAL STATEMENT PLUS ANNUAL REPORT) | |||
| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended05 / 04 / 2021. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. The charity’s gross income usually exceeds £250,000 and I am qualified to undertake the examination by being a qualified member of Institute of Chartered Accountants in England and Wales (ICAEW). I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: • the accounting records were not kept in accordance with section 130 of the Charities Act; or • the accounts did not accord with the accounting records; or • the accounts did 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. |
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
Saaima Ashraf | 21 AUGUST 2021 |
|---|---|---|
| SAAIMA ASHRAF | ||
| Institute of Chartered Accountants in England and Wales (ICAEW), Chartered Accountant FCA. |
||
| 3 REPTON ROAD, RG6 7LJ | ||
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Not applicable
Oct 2018
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