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
Professional Advisors
Banker: HSBC
110 High Street, Godalming, Surrey, GU7 1DP
Independent Examiner: Mohammad Masud Khan 12 Ripon Street, Leicester LE2 1LW
In 2022-23 the Trust held 10 events raising awareness and funds for CRP.
The increase in activity and the generosity of our donors enabled us to increase our support to CRP by 25% compared with the previous year.
The removal of travel restrictions enabled two of our Trustees to visit several of the CRP Centres, and this helps the Trust to keep in touch with CRP’s work for people with disabilities.
Annual Report 2022 – 2023
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 2022-2023 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 2022 annual general meeting, three members of the Management Committee stood down, but were willing to be re-elected. Valid nominations were received and accordingly these three were elected.
At the 2023 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
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 = £198,043
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 £198,043. This consisted of donations and subscriptions totalling £100,767, reclaimed tax as Gift Aid of £12,762, £1,932 from other activities, and £82,467 from companies (including £67,505 from Primark). Expenses related to supporting this giving were £30,623 (including £17,626 for the awareness raising project discussed in the panel below).
Grants made to support CRP were £182,000, and the balance of cash funds remaining was £9,528. 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.
PHASE 2 OF AWARENESS PROJECT
Following the Annual Meeting in May 2022, Trustees agreed to embark on a second phase of our project with Farhan Masud Khan to raise awareness of CRP and VTT in the British Bangladeshi community. This second phase was from June 2022 to June 2023. One event organized by Farhan under this project was a Global Seminar on People with Disabilities and Autism. This brought together on Zoom a diverse group of activists and academics from Bangladesh, India, UK and the United States. It began with an excellent and concise presentation by Sohrab Hossain, CRP’s executive director, on the treatment and rehabilitation provided by CRP and included contributions from the High Commissioner for Bangladesh in the UK, Valerie Taylor herself and many others.
Such events help in the long run to raise the profile of VTT and CRP, but Farhan has also organized fund-raising events during the year in Walsall, Guildford, Milton Keynes and London. In most of these Valerie Taylor was a speaker, and the results can be seen in the increase in our Net Income by 19% compared with 2021-2022, despite the effect of higher energy prices on household and business income. Farhan has proved that with hard work and persistence it is possible to fundraise successfully despite these challenges.
For CRP, 2022-2023 was the first year of full operation since the beginning of the pandemic. It was also the year in which the new CRP-Moulvibazar Centre was inaugurated, following the completion of the semi-basement and Ground Floor.
However the number of international volunteers, including those from the UK, has still not returned to pre-pandemic levels, This is a problem for the Valerie Taylor Trust because it has relied heavily in the past on the commitment of returned volunteers.
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.
Activities in UK
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A fundraising evening with an Iftar meal at Impression Events Venue in West Ham led to a range of generous responses: Shahnaz Ahmed set up a JustGiving page which raised £3,400 from friends, and Md Abul Lais gave £5,000.
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A meal at the Chef and Spice restaurant in Leicester in June, organised by Zahirul Haque and Mokhtar Hussain with a core group of 6-8 volunteers, drew 110 supporters to hear Valerie, network together and make donations.
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Brian Woodgate's church in Marden adopted CRP/VTT as its charity of the month for June. A fundraising meal and a prize draw helped raise over £1,300 and people enjoyed talking with Valerie.
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In July an informal meeting in Camden organised by Aysha Akhter and her family, with help from Sayadul Khaled, enabled 30 guests to engage with Valerie about CRP’s work.
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Fundraising meals at the Yum Yum restaurant in Stoke Newington and The Three Pillars in Olney raised a total of £16,000.
Visits to CRP
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Janet Ivin and John Carter worked with staff at CRP-Savar for a month using Appropriate Paper Technology (APT) for Occupational Therapy. They also worked at CRP-Manikganj passing on APT skills to trainees from the Vocational Training Institute.
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Mokhtar Hussain visited CRP Savar and Gonokhbari seeing the tailoring of wheelchairs for users, and met with Sohrab Hossein, CRP’s Executive Director. Sayadul Khaled also visited CRP Savar, and each of them viewed construction progress at CRP-Moulvibazar.
Valerie Taylor Trust
Financial Statement for 2022-23
| Income & Expenditure | 2022-23 | 2021-22 | 2021-22 | 2020-21 | 2019-20 | 2018-19 | 2017-18 |
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | ||
| Income | |||||||
| Donations and Subscriptions | |||||||
| Restricted Funds | 9,833 | 11771 | 3720 | 44805 | 2141 | 17322 | |
| Unrestricted Funds | 90,934 | 59605 | 89742 | 216582 | 259938 | 78774 | |
| Tax refund - Gift Aid | 12,762 | 7668 | 7581 | 8189 | 9201 | 12264 | |
| Other Charitable Activity (Unrestricted Funds) | |||||||
| Sales of donated items | 180 | 219 | 529 | 243 | 662 | 180 | |
| Fundraising events | 1,752 | 1416 | 0 | 747 | 4133 | 3761 | |
| Corporate Donations | |||||||
| Restricted Funds | 73,967 | 73983 | 74154 | 80854 | 79087 | 84387 | |
| Unrestricted Funds | 8,500 | 2850 | 2000 | 4000 | 10759 | 72388 | |
| Bank interest | 115 | 1 | 0 | 176 | 145 | 21 | |
| Total Income | 198,043 | 157513 | 177726 | 355596 | 366066 | 269098 | |
| Expenditure | |||||||
| Printing & Stationery | 297 | 1341 | 554 | 819 | 862 | 906 | |
| Postage | 91 | 194 | 82 | 102 | 200 | 86 | |
| Meetings | 1235 | 766 | 193 | 813 | 660 | 667 | |
| Bank charges and Forex | 7823 | 239 | 60 | 100 | 60 | 90 | |
| VTT Web site | 1546 | 120 | 60 | 161 | 30 | 30 | |
| VTT Awareness Project | 17626 | 9704 | 0 | 0 | 0 | 0 | |
| Fundraising | 1171 | 501 | 406 | 380 | 885 | 665 | |
| Other | 834 | 350 | 250 | 250 | 560 | 854 | |
| Total Expenditure | 30623 | 13215 | 1605 | 2626 | 3258 | 3298 | |
| Net Income | 167420 | 144298 | 176121 | 352971 | 362808 | 265799 | |
| Grants Made | |||||||
| Indirect support to CRP | |||||||
| CRP website | 0 | 0 | 150 | 90 | 90 | ||
| Other payments on behalf of CRP | 0 | 12000 | 0 | 0 | 2355 | 0 | |
| Direct transfer of funds to CRP | 182000 | 133000 | 167000 | 569000 | 164000 | 272000 | |
| Total Support to CRP | 182000 | 145000 | 167000 | 569150 | 166445 | 272090 | |
| Balance | |||||||
| Payments due | -6550 | -2560 | -250 | -250 | -250 | -250 | |
| Cash - Restricted Funds | 0 | 75 | 0 | 65 | 1220 | 5133 | |
| Cash - Unrestricted Funds | 9528 | 13733 | 12325 | 2567 | 216864 | 17587 | |
| Gift Aid refund due from HMRC | 8034 | 6779 | 6654 | 7225 | 7945 | 6945 | |
| Bank Charges and Forex exchange | -7566 | ||||||
| Other | -8 | - | 9 |
-8 | -8 | ||
| Total Funds to carry forward | 3439 | 18018 | 18720 | 9600 | 225778 | 29416 |
Notes
- 1 The accounts are prepared on a going concern basis
2 Tax refund includes £4k from Just Giving (gross of costs). Accounting policy changed in 2015/16 to show Just Giving / Paypal donations gross of costs 3 Sales includes cards, calendars, books and DVDs
4 Restricted Funds may only be spent on specific agreed objectives. RF accounted for 43% of Income in 2022/23, 55% of Income in 2021/22, 44% of In 5 All Gift Aid refunds treated as Unrestricted
6 Interest received with Gift Aid treated as Bank Interest
- 7 Assumes £350 for independent examiner
8 Unrestricted funds (2022/23) included £4k from MAITS, £3k from Mrs Sylvia Stops, £5k from Jancis Page, £6k from Mr Alber Mehr,
9 Corporate Restricted funds (2022/23) included £68k from Primark, £6k from Tesco and Other Restricted fund £4k in realtion to Moulovibazar Centre a 10 New cost stream : VTT Awarness project costs (Professional fees) mainly in relation to engaging British Bangladeshi community.
11 Bank charges and Forex related to transfer funds to CRP Including £7k Forex charge on £147k cancelled transfer on 13 March 2023
ncome in 2020/21 Vs 34% in 2019/20, 34% of income in 2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Sectlon A Independent Examlner's Report Report to the trusteesl members of TME VALEQI E fAvL<#£ On accounts for the year ended 5 APIIL 1013 Charity no (if any) 11122Vf Sgt out on pages AffAcHEQ L J PAkE FItsAL £TrI PLYS Irenicm',5er itt Ini'.lude IhL) pag> nlbe.r ol Éidrjilioncil she&Ls' I report to the trustees on my examination of the accounls of the above charity ("the Trust") for the year ended O wi IUY I ZVQS. Responslbilitie5 and As the charity trustees of the Trust, you are responsible for the preparation basls of report 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 the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that dlsclosed below") in conneclion with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance wlth section 130 of the Act or the accounts do not accord with Ihe accounting records Independent examinerfs statement I have no concerns and have ¢oTNe across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: Name: Relevant professional qualification(s) or body (if any).. THÉ A£5)uhA OÈ CllrtI6QEO cÉfifi¢iED AI(tJd•JfhJrs rD C2T1 PIED (htth) Address: li Qi F¥)A LEI IL IER October 2018
Section B Disclosure Oni4 complete if the examiner needs to highlight matters of concern (see CC32, Ind pendent examination of charity accounts.. directions and guidance for exa iners). Give here brlef detalls of any ilems that the examinerwlshes to disclose. PPLI(rt6LE IER October 2018