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 Zahirul Haque Dr Mohamed Sakel Mrs Margaret Hakim Mr Mokhtar Hussain Mr M.A. Rashid Mr Jahangir Alam Mr Glen McGhee Ms Helen Mortimer
Annual Report 2021 – 2022
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 2021-2022 consisted of elected members who are also the trustees of the charity.
The chart below indicates the organisational structure of the Valerie Taylor Trust:
Recruitment of the Management Committee
At the 2021 annual general meeting, three members of the Management Committee stood down, but Jahangir Alam was willing to be re-elected. Valid nominations were also received for Dr Mohamed Sakel and Mr Zahirul Haque, and these three were elected.
Professional Advisors
Banker:
HSBC
110 High Street, Godalming, Surrey, GU7 1DP
Independent Examiner:
Saaima Ashraf 3 Repton Road, Earley, Reading, RG6 7LJ
At the 2022 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 2021-22 the Trust was at last able to hold 4 successful fund-raising events during the periods when covid restrictions did not prevent them.
Our Income and the grants we were able to make for CRP still fell slightly, but we believe our investment in a project to raise awareness of the Trust and CRP in the British Bangladesh Community during the year has laid the foundation for better results in the future.
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.
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 = £157,513
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 £157,513. This consisted of donations and subscriptions totalling £71,377, reclaimed tax as Gift Aid of £7,668, £1,635 from other activities, and £76,833 from companies (including £64,290 from Primark). Expenses related to supporting this giving were £13,215 (including £9,704 for the awareness raising project discussed in the panel below).
Grants made to support CRP were £145,000, and the balance of cash funds remaining was £13,808. The trustees consider that the simplicity of the trust’s finances means that they do not require a detailed reserve policy. However, the Trust ensures that it always has enough cash on hand to cover its expenses for four 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.
Preparing for the Future
The easing of covid restrictions enabled Valerie Taylor, the founder of CRP, to travel to UK in time to meet our supporters at a physical rather than virtual Annual Meeting in September 2021.
At that meeting Trustees agreed an initial 6-month project with Farhan Masud Khan to raise awareness of CRP and VTT in the British Bangladeshi community. This project began with a successful event hosted by Sheikh Aliur Rahman at his London Tea Exchange. This event enabled Valerie and others to address invited guests most of whom were not existing supporters. Many were clearly impressed, and donations arising from that event, including £5000 from Sheikh Aliur himself, enabled us to give more support than hitherto to the building of CRP’s new Centre at Moulvibazar. By March 2022 the semi-basement and ground floor of the Centre were complete and being used for treating patients.
Farhan continued to use his extensive network of contacts to organize awarenessraising and fund-raising meetings. These included mosque collections, which VTT has never attempted before. These collections demonstrated the goodwill and generosity of the British Bangladeshi Muslim Community.
The project has also helped us to update our fund-raising resources, including VTT’s website and leaflets, and to create a 2-minute fund-raising video.
For CRP, 2021-2022 was less affected by covid than the previous year. Services to outpatients resumed for most of the year, but like other schools in Bangladesh, CRP’s Inclusive Primary School remained closed for most of the year by Government order.
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.
Fundraising Activities
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After the London Tea Exchange Event, Nurul Ahad created a JustGiving page which raised £2,300 from his friends for a ”Wing Walk”.
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A meeting of British Bangladeshi restaurateurs in Ashford resulted in donations of £5000 from Mohamed Jasim Uddin to CRP’s Zakat fund and £1,000 from Harunar Rashid to VTT.
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At an awareness raising event hosted by Syeed Rahman at his Chef and Spice restaurant in Leicester, 70 supporters were enthused by Valerie’s presentation and gave £700.
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At a mosque in Ashford Dr Sakel spoke about the clinical activities of CRP and £600 was collected despite the cold.
Trustee Activities
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Trustees reviewed fundraising guidelines for event organisers to enable less use of cash in fund-raising events.
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VTT acquired 4 card readers to enable card payments to the VTT account at mosque collections and other events.
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The update to the VTT website included a facility to accept card payments online and SSL encryption to make the card details secure.
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Once Covid travel restrictions were lifted, one Trustees visited the new CRP Centre being built at Moulvibazar and another the Centre in Sylhet.
Developments at CRP
- The Mayor of Rajshahi and his wife donated five acres in Rajshahi City for the creation of a Regional Rehabilitation Centre of CRP. This will enable the treatment and rehabilitation of people in Northern Bangladesh with acute Spinal Cord Injuries.
Valerie Taylor Trust
Final accounts for all years (approved by independent examiner)
Income & Expenditure
| Income & Expenditure | **2021-22 ** | **2020-21 ** | **2019-20 ** | **2018-19 ** | **2017-18 ** | 2016-17 |
| £ | £ | £ | £ | £ | £ | |
| Income | ||||||
| Donations and Subscriptions | ||||||
| Restricted Funds | 11,771 | 3,720 | 44,805 | 2,141 | 17,322 | 7,017 |
| Unrestricted Funds | 59,605 | 89,742 | 216,582 | 259,938 | 78,774 | 70,627 |
| Tax refund - Gift Aid | 7,668 | 7,581 | 8,189 | 9,201 | 12,264 | 10,911 |
| Other Charitable Activity (Unrestricted Funds) | ||||||
| Sales of donated items | 219 | 529 | 243 | 662 | 180 | 1,295 |
| Fundraising events | 1,416 | 0 | 747 | 4,133 | 3,761 | 3,698 |
| Corporate Donations | ||||||
| Restricted Funds | 73,983 | 74,154 | 80,854 | 79,087 | 84,387 | 0 |
| Unrestricted Funds | 2,850 | 2,000 | 4,000 | 10,759 | 72,388 | 24,590 |
| Bank interest | 1 | 0 | 176 | 145 | 21 | 7 |
| Total Income | 157,513 | 177,726 | **355,596 ** | **366,066 ** | **269,098 ** | 118,146 |
| Expenditure | ||||||
| Printing & Stationery | 1,341 | 554 | 819 | 862 | 906 | 1,250 |
| Postage | 194 | 82 | 102 | 200 | 86 | 266 |
| Meetings | 766 | 193 | 813 | 660 | 667 | 972 |
| Bank | 239 | 60 | 100 | 60 | 90 | 72 |
| VTT Web site | 120 | 60 | 161 | 30 | 30 | 30 |
| VTT Awareness Project | 9,704 | 0 | 0 | 0 | 0 | 0 |
| Fundraising | 501 | 406 | 380 | 885 | 665 | 1,146 |
| Other | 350 | 250 | 250 | 560 | 854 | 544 |
| Total Expenditure | 13,215 | 1,605 | 2,626 | 3,258 | 3,298 | 4,280 |
| Net Income | 144,298 | 176,121 | **352,971 ** | **362,808 ** | **265,799 ** | 113,865 |
| Grants Made | ||||||
| Indirect support to CRP | ||||||
| CRP website | 0 | 0 | 150 | 90 | 90 | 90 |
| Other payments on behalf of CRP | 12,000 | 0 | 0 | 2,355 | 0 | 0 |
| Direct transfer of funds to CRP | 133,000 | 167,000 | 569,000 | 164,000 | 272,000 | 88,000 |
| Total Support to CRP | 145,000 | 167,000 | **569,150 ** | **166,445 ** | 272,090 | 88,090 |
| Balance | ||||||
| Payments due | -2,560 | -250 | -250 | -250 | -250 | -359 |
| Cash - Restricted Funds | 75 | 0 | 65 | 1,220 | 5,133 | 110 |
| Cash - Unrestricted Funds | 13,733 | 12,325 | 2,567 | 216,864 | 17,587 | 31,109 |
| Gift Aid refund due from HMRC | 6,779 | 6,654 | 7,225 | 7,945 | 6,945 | 4,846 |
| Other | -9 | -8 | -8 | |||
| Total Funds to carry forward | 18,018 | 18,720 | **9,600 ** | 225,778 | 29,416 | 35,706 |
Notes
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1 The accounts are prepared on a going concern basis
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2 Tax refund includes £889 from Just Giving (gross of costs)
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3 Sales includes cards, calendars, books and DVDs
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4 Indirect support includes sterling payments for CRP Training projects
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5 Restricted Funds may only be spent on specific agreed objectives. RF accounted for 55% of Income in 2021/22 Vs 44% in 2020/21, 34% in 2019/20, 22% in 2018/19, 38% in 2017/18, 6% in 2016/17.
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6 All Gift Aid refunds treated as Unrestricted
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7 Interest received with Gift Aid treated as Bank Interest
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8 Unrestricted funds (2021/22) included £3k from MAITS, £5k from Leonard Cheshire (LC), £3k from Jancis Page.
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9 Corporate Restricted funds (2021/22) included £64k from Primark, £9k from Tesco and Other Restricted fund £7k in relation to Moulovibazar Centre and £4k in relation to Vitality
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10 New cost stream : VTT Awareness project costs (Professional fees) mainly in relation to engaging British Bangladeshi community.
CHARITY COMMISSION FOR ENGIAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of THE VALERIE TAYiOR TRUST On aeeounts for thè year ended 05 APRIL 2022 ChaFity no {rf11122245 any) I Sèt on pagts AThACHED {1 PAGE FINANCIAL STATEMENT ?LUS ANNUAL REPOR TI Rtrsponslbllltlès and basis of I report to the trl cffl my examinati(x) of he acttxjnts ollhè atjove d.arity {Ihe Tnjsri report for the year ended 05 104 12022. As the chawity's twst8. ycu are responsible for the preparatpon of the accounts accordance the ruirement5 of the Charilies AGt 2011 (Yhe ACYI. I rep(xt in respect of ny examinati of the Trusl's aCCOLTrnts carripd wt under section 145 of the 2011 Act and parrwng crtrt my examinagon. I have followed all the aN)licable Direction5 given by the Chaty comrnjsst uler seclEon 14515llbl of the Act Independent examlnerfs (thariws gr$S ir£crne usualty exceeds f250.OLKI and 18m qualffied to undertake the statement examinab.on by being a qyalrw rlvnter of the A$sCsatiOn of Chartwed C9rtified Accwntsnts IACCAI. I have rA)mpleted my axamination. I c(xffirm that no materi81 matters have come to my attention in conneclt(hi wth the examin8tion %fftch gives me cause to beliave that in. any matetial respecL the accoJnt¢n J reCoS were kepl in a(y)ydance wth section 130 ofthe Chariti¢s the accojnts not *xx)rd wth the actounbng recuds" or the accwnts Jvj not compty the applitrable requirements conceming the form and content of ac¢(MJnts set (Njt tn the ChaFib"es IAccounts and Reports) Regulab"ons 2008 othertr>8p. any requirement that the a¢(wnts give a 'true and fairf vtew which i not a matler con&dered as part of an independent examinatK)n. I have no ccmcem) and have come auoss no other matters in connection the examinati to whiG4 attenlK)n should be drawn in this report in order:.0 enable a proper un(t8rslandiThJ of the acwJnts 10 be reathed. Signed: 17 OCTOBER 2022 Name: MOHAMMAD MASUO RAHMAN Relevant Professional '. The Associabon of Clartered Certified Antants IACCAI. Chartered Cerbfied qualificationlsl or body lif Accountant ACCA. any): Address.. 12 RIPON STREET. IE2 1LW Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of ck.anty accounts.. directions and guidance for examirers). Not apiCab IER Oct 2018