REPORT ofi THE TRUSTEI F.S AND
FINANCIAL STATEI MENTS FOR THE YEAR ENDED 315¢ JULY 2024
FOR
THE TAPPFNDEN CHARITY
(A Charitable Compa￿Y Limited by Guorantee)
Company Number . 05892698
Registered Charity Number . 1129037
Hcntons
Stag House
Old London Road
Hertford
Herts
SG13 7LA

THE TAPPENDEN CHARITY
A Cliaritable Com
lJltnite(I b Guar￿ntee
C()]
Niiinbcr: 051492698
CONTENTS UF'I'HL filNANCIAL STATfi MEINTS
FOR THE YIIAR ENDED 31st JULY 2024
Page
Company Information
Report of the Trustees
Report of the Independent Examiner
Statement of Finaii¢ial Activities
Balan¢e Sheet
Notes to the Financial Statements

Tllf TAI'I)[I NDEN CHAIlI'rY
{A Charitablc Compjny LiiiiileJ by G'uarantee)
COMPANY INf<()RMATION
FOR THE YF.AR fi NDFD 31st JULY 2024
DIRECTORsrrRUSTEEI S:
A C Hayllar
D C Osborn
R M Plorwood
CRETARY:
R S Gainbles
REGISTfi,RED OFFICE:
Tlie Maltings
63 High Street
Ware
Hertfordshire
SG12 9AD
REGISTEREI D NUMBER,.
05892698 (England and Wales)
CHARITY NUMBEII:
1129037
INDEPFNDII NT EXAMINER: S W Hudson ACA
Hentons
Chartered Accountants & Statutory Auditors
Stag Housc
Old London Road
Hertford
Hei'tfordshire.
SG13 7LA
REGSSTBRED AUDITORS
Page I

THE TAI'I)EI NDEN CHARITY
(A Chdrilable Company Liinited by Guai'anleL')
(Company Niimber: 05892698)
(Registei'ed Office: The Maltings, 63 High street, Ware, Hertfordsliire, SG12 9AD)
TRUSTEI Ei S, Rfi.PORT
FOR THE YEAII ENDED 31 JULY 2024
oses of Section S of the Chai'ities Act 2011 and DircLtoi%' Re
Section 417 of the Com
nies Act 2006
For the
ort for the
ur
oses of
The Triistees have pleasure in siibinitting theii. Aniiual Rcpoi'l and Finaiicial Statements foi. tlic yeai. ended
315t July 2024. The financial statemeiits comply with tlie Charilies Act 201 I, tl)e CoinpaTJies Acl 2006, the
Cliarity's Meinoi'anduin and Articles of Association ai)d Ilie Chariti¢$ statement of Recommended Pi'a¢tice
(applicable to cl)ai'ities prepai'iiig their accoiiiits in accordaiicc witli Ilie Financial Reporting Standard
applicable in the UK and Republic of IIEland. FRS 102) issued iii Octobei. 2019.
TRUSTEI ES
The Trustees, who al'e also Dii'eclors of tlie Company? aiid acted Iliioughout the period are..
A C Hayllar
D C Osborn
R M Horwood
CONSTITUTION
The Tappenden Charity? Company i)umber 05892698, is a Company limited by the gliarantees of the
meinbers to a Inaximuin of £10 eacli and was incoi'porated on l* Aiigusl 2006. The Coinpany is a IEgistered
charity, number 1129037 and gained charitable status on 7, April 2010.
INVESTMENT POWERS
Under the Me]norandum and Articles of Association, the Charity has the power to make any invcstinents, in
the same mannei. as the Trustees of a trust are permitted to do so by the Trustee Act 2000.
COMPANY OBJECTIVES
The objects of the Company as stated in tl)e Memoi'ai)duin and Aiticles of Association are:
l) In this clause"Charity' means any putpose which is exclusively cl)ai'itable according to the law of
England and Wale5 and any institution whetl)er corporate oi. not (ii)cliiding trust or undertaking) wl)i¢h is
established for purposes which are exclusively charitable according to the law of England and Wales and
'Charities" has a coi'l'esponding Ineaning.
2) The Charity Trustees shall pay income of the charitable fund to such charity or charities and if more than
one ii) such share or shares and in such Inaiinci. gcnerally as the Chai'ity Ti'ustees shall iii their absolute
discretion Iliink fil provided that until the expii'ation of the period ofiwenty one years the Charity
Ti'iistees shall havc power to acciimiilate the wliole or any part of such income by inve51ing Il)e saine and
the I'esulting incoin¢ thei'eof iii any manner hei'eby authoris¢d so that any acciimulation so made shall
forn an accretion to tlie capital from which such income arose for all purposes.
3) Nolwiilislanding the foregoing trust of income the Charity Ti'ustees shall have power at anytiine or tiine5
to pay transfer or apply the whole or any part or parts of the capital of the Cl)arilable Fund to oi. foi. tlie
benefit of such cliarity or chai'ities iii sucl) shares if more than one and in such manner generally as the
Chai'ily Ti'u5tees shall in their absolutc disci'¢lion think fit.
Page 2

THE TAPPEI NDEI N CHARITY
(A Charitable Coiiii)any Limite(I by C711arantee)
(Compiiny Nuinbcr: 05892698)
TRUSI'EI F.S' REI I>ORT- Coiitinued
FORI'HE YEI AR II Nl)F.D 31JI JULY 2024
ACHIEVEMEI NT AND PEI RFORMANCE
During the year ui)der I'eview Il)e Cliai'itable Company continued its progi2rnme of mainteiiance and
rcfurbishment of ils freehold inveslinenl pi'operties.
During tlie year the Cliarity made donations tolalling £4,000 to commuiiily establishinenls.
Tl)e Charity has I'eferred to the guidanec contained iii the Cliarity Coininission's general guidance on public
bcncfit wheii reviewing its aims and objectives and planning its futui'e activities.
ORGANISATIONAL STRUCTURE
Tlie board of Trustees meets regularly lo administ¢T the Charity and Trustees are appointed in accoi'dance
with the Compaiiy's Memoi'andiim aiid Articles of Associatioii. The numbei. of Trustees shall not be les5
than thi'ee bul (uiiless otherwise determined by ordinary resolutioii) shall not be subject to a Tnaximum.
New Trustees will be provided with the Memorandum and Articles of Association, tlie most receiit financial
statcincnls and the Ininutes of previous Trustecs meetings. In addition, n¢w Ti'ustees will be asked to
fainiliarise tlieinselves on the duties and the I'espY)iisibilities of Trustees as provided in guidance notes issued
by the cliaTlty commissioii.
FJNATr4CIAL REVIEW
Total iiicome foi. th¢ year amountcd to £198,347 (2023 £173,347) including £173,909 (2023 £170,876) from
rental income on ils investsnent properties. After allowing for total expcnditure of £129,607 (2023
£147.824), the ChaTily achieved a surplus for the year after revaluation of investment properties of £199,924
(2023= £21,613).
PLANS FOR THE FUTUR
The Trustees plans for the future are to achieve a position whei'e the property portfolio is fully let, providing
an incicased level of investment in¢ome to the ¢harity enabling a higher level of charitable support to
Community. Educational and Mcdical research causes.
RISK MANAGEMENT
The Ti'ustees have considered and continu¢ to considei. the major I'isks to which the Charity is exposed and
air satisfied that systems air in place to mitigate those risks.
RESF,RVES POLICY
The Ti'ustees will seek to biiild sustainable unresti'i¢ted reserves to a level sufficient to provide f5nan¢ial
stability and meet ai)y Cxceptional expenditure.
Page 3

THF. TAPPENDEN CIIARITY
(A Charitnblc Company Liiniled by Giiarantee)
(Compxny Numbci.: 05892698)
TIIUS'I'IL fi.S' IIEI'ORT- Contiiiiied
FOR THE YEAR FNDEI D 31" JULY 2024
TRUSTEI ES? REI SPONSIBILITIES
Thc Triisle¢s (who are also directors of The Tappenden Chai'ily foi. tlie piii'poses of company law) arc
respoi)sible foi. pi'eparing tlie Trust¢es' Aiiniial Repoi'l and the financial slaleineiits in accordance witli
applicable law and United Kingdom Accounting Standai'd8 (United Kingdoin Genei'ally Accepted
Accouiiling Practice}.
Company law require5 the Triistees to prepare financial statements foi. each fiiiaiicial year wl)icli giv¢ a ti'ue
and fair view of tlie state of affaii's of the Chai'ilablc Company and of the iiicomiiig resources and application
of I'esources, incliiding tl)e incoine and expenditiii'c, of the Charitable Compaiiy for that period. In pi'eparing
these financial slalements, the Trustees are I'equiied to..
select suitable accounting polici￿ and theii apply thein consistently>
observe tlio Tnetl)ods and priiiciplcs in the Charities SORP.
Inake judgments and accounting estimates that are reasoiiable and prudent.
> stale whether appliLable UK Accounting Standards hav¢ been followed, subject to any matei'ial departures
disclos¢d and explained in the financial 5tal¢ments- and
> prepar¢ the financial statem¢nts on the going concei'n basis unless il is ii)appropriate to presLime that
the Charitable Company will continue in business.
Tl)e Triistees are responsible for keepiiig adequate accouTJting records that di%close with I'easonable accuracy
at any lime the financial po.%ition of the Cht¢rilable Company aiid enable thein to ¢nsure that the financial
5tal¢mentS Coinply with the Companies Act 2006. They al'e also responsible foi. safeb)Iiai'ding the a55ets of the
Charitable Coinpany aiid hence for taking r¢asonable steps for the prevention and detection of fraud and
other Ir￿gU[al.11jes.
Tliis report has bccn prepared in accoi'dance with the special pi'ovisions of pait 15 of the Coinpaiiies Act
relating to small companies
SIGN￿4 D ON BEHALF OF THE TRUSTEES
R S Gambles- Secretary .
Page 4

INDLPLNI)I,:N'l' f4 XAMINLI Il's RF.PORT
'ro i'llE I-IIUb'l'LI,:S OFTHEI'APVC4NDF.N CHARITY
{A Cl)arit#l)le Company Limite(I by Giiarantcc)
I report to the Trustees (who are also Diirclors for the purpose of conipany law) on rny examination of th¢ financial
statcinent5 of The Tappcnden Charity I'the chai'ilable toiiipaiiy'l for tlie yeai. ended 31. July 2024 which comprise the
Statement of Financial Activities. tlie Balance Sheet aiid Tel3l¢d notcs.
Tliis i'epoi'l is niade solely to tlie cliai'ity's TTU%tees, as a body. in accordance with Se¢tion 145 of tlie Charities Act 2011.
My WOTk lias been iiiidertakeii so tliat T iiiittlit state to tlle cl)arity's Twstees thosc rnatle15 1 am requii'ed 10 51ate lo Ihcm in
this report aiid for no other purpose. To thc fullesl extejil peiThitted by law, I do iiot accept oi. assiime restK)nsibility to
anyone otlicr tlian the Cliai'ity and the cliarity's Tru5tee5 as a bL)dy, foi. Iny WOTk, for this report. or for the opinion5 1 have
fonned.
Re5ponsibillties And bA515 of report
As the Trustees of a eliaritable coinpany you are reS￿nSible for thc PTeparation of the financial stateinents in accordance
with ilie i'equiirilleiits of the Coinpaiiies Act 20061'tlic 2006 A¢t'l.
Having satisfied myself that the financial statements of the Gharilable company are not i'equired to be audited iindei. Part
16 of the Aci aiid are eligible for independent examiiiation. I repoi't in respect of rny exaniination of the charitable
compaiiy's firtancial stateinenls cai'ried out uiider sectioii 145 of the Cliai'ities Act 2Q I l {'the 201 l Act'l aiid iii cariyiiig
out my exainination I have followed all Ihe applicable DiTe¢lions given by the Charity Commission under section
145(51{b) of the 2011 Acl.
An iiidependent exarniiiatioii does not involve gathering all the evidence that would be required in an audit and
Lx>nsequently does not covei. all the matters that an auditor considers in givijig tlieir opinion on tlie finaiicial statemcnts.
The platining and conduct of an audit goes beyoi)d the limited assiirance that an independent exainination cali provide.
Consequently l expiess no opinioll as to wliether the financial slatements pi'eseiit a 'lrue and fair, vie1¥ aiid my rcpoi1 is
liinited to those specifsc Imatters set out iji tlie independent exaiiiinei"8 Stateiiieiit.
Indepeijdent txamiiier 5 Statenient
I have completed my exainination. I confirm tliat no material mattcTS have con)e to my attention in cot]nection with the
examination giving nie cau%e to believe that in any matcrial respe¢t'.
accountiiig records werc not kept in respect of the charitable company as required by Section 386 of the 2006
Act,. or
> the financial statements do not accord with those record5,' or
> the financial statcment5 do not ￿mplY witli the a¢¢ounting requiTernents of section 396 of the 2006 Act other
thali any I'equii'ejiieiit tliat tlie financial statement5 give a 'true and fair view wliicl) is not a matlei. considered as
part of an independent examination. or
> the fjnancial staternents have not been pi'epared in accor(lance willi Ilie Jiielhods Jnd principle5 of the Statement
of Recommended Practice for a¢count&ng and reporting by charities applicable to Charities preparing their
accounts sn a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland
(FRS 102).
I have no concerns and have come 8¢ross no other matters in connection with the exaTnination to which attention should
be diawn in this report in order to enable a proper understanding of the financial statements to be reached.
JON"
S. W. Hudson ACA
Henlons
Chai'lered Accoulltatlts and Statutory Auditors
Stag House
Old London Road
Hertfoi"d
Herls. SG13 7LA
IS" J(lThV￿(￿ 2ozg
P8ge 5

THE TAPPENDEN CHARITY
(A Charit￿ble Company Limited by Cuai'antce)
(Compiny NiiTnbLr: 05892C?98)
STATF.Mfi.NT or r<lNANCIAL ACTIVITICI S
(Iiicorpoi-ating the Incoiiie Ei xpenditure Account)
FOR THE YEAR ENDED 31st JULY 2024
UnT¢slriGtEd
Gcncral
Total
Total
riinds
ole
31.07.24
INCOME
Investment Income
176,276
176,276
173,086
Other incoming i'esources:
Interest in¢ome
Legd¢y income
31
22,040
31
22,040
250
Tot&1 Ineome
198 347
198347
173 347
EXPENDITURE
Charitable activities
129,607
129,607
147,824
Total Expenditure
129 607
129607
147 824
Net inco￿¢ for the year before
gAÉiisl{105se51 on investments
68,740
68,740
25.523
IY¢t Gains l(Losses)on investments
131,184
131,184
13,910}
Net iijcome for the year aTtd net
movement in fiiTrd5
199,924
199,924
21.613
Re¢oneili4tion of funds:
Total funds brought forward
2 755 429
2 755 429
2733 816
TotAI funds eai'ried fonvard
2.955.353
2,955J53
2,755,429
The Statement of financial Activities includes all gains and losses reco8nised in the period
None of the company's activities were aequii'ed or discontinued during the CUL'rent OJ. PlEceding year.
The notes on pages 8 to 15 form part of these financial statements
Page 6

THE TAPPF.NDEN CHARITY
(A Ch%britable Company Limitc(I by Guarantee)
(Conipany NIiTnbei': 05892698)
BALANCL SHTr:ET AS A'r
31st JULY 2024
31.07.24
31.07.23
Notes
rilXCI D ASSETS:
Tangible fixed assets
Illve5tinenis- Inve5tmenl piDpertie5
107
3.490,001
65.000
3,555,108
134
3,350,501
136,180
3,486,815
10
CURRENT ASSF.TS:
Debtors
Cash at bank
8.842
21,969
3,095
30,811
19,612
CREDITORS: Amounts falling
due within one year
12
90,942
150653
NET CURRfi,NT (LIAIIILITIES):
160.1311
(131,041)
TOTAL ASSEITS LESS CURRENT
LIAIIILITIES..
3,494,977
3,355.774
CREDITORS: Amounts falling
due after one year
13
539 624
600 345
TOTAL NET ASSETS
2.955,353
2 755 429
General fund- Unrestricted
2.955J53
2 755 429
TOTAL CHARITY FUNDS
2 955.353
2 755,429
The Compally is entitled to exemption from audit Ullder Section 477 of the Companies Act 2006 for the year ended 31
July 2024.
The members have not required the Compatjy to obtain an audit of its financial statements for the year et]ded 31 July
2024 in accordan¢e with SeGtion 476 of the Companies A¢t 2006.
The Directors acknowledg¢ thcir responsibilitlC5 for..
lal ensuring that thc Company keeps accounting records which comply with SeGtions 386 and 387 of the Companies
Act 2Q06 and
{b) preparing fJtLan¢ial slaten)¢Dls which give a ti'ue and faiT view of the state of affairs of the Company as at the end of
each fjnancial year aiid of its profit or1055 for each financial year in accordance willi the requirenieiits of Sections
394 and 395 and which otlieiivi5e comply with the requirements of the Companies Act 2006 relating to financial
statemeiit5. so far as applicable to the Company.
These financial statenients have been prepared in a¢cordance with the provisions applicable to ¢haritable companies
subject to the small companies regime.
ON BEFIALF OFTH
TRusfEES..
R M Horwood
A C Hayllar
Autliorised for issue by the Trustee5 on
The notes on pages 8 10 15 forni part of these financial statements
Page 7

THLI'APPIINDb:N CIIARI'I'Y
(A Charitable Con]pAny Limite(I by C7lllll'lllltee)
(Coiiipaiiy Niiiknber: 05892698)
NOTII S TO THE FINANCIAL ST ATfi MEI NTS
FOR THE YEAR ENDfi D 31st JULY 2024
ACCOUNTING POLICIES
Basis of preparatioii and assessment of going eoneern
The finan¢ial stateinents liave been prepai¢d in accordance with the Chai'itie5.' Stateinent of
Recomineiided Practice (applicable to charities pr¢parii)g theii. accounts iii accoi'dan¢c with the
Fiinancial Rcporting Standard applicable iii the UK and Repiiblic of Ii'eland (FIIS 102)) li￿lIed in
Oclobei. 2019) (Charities SORI, {FRS 102)), the Financial Reportiiig Slandai'd applicabl¢ in the
UK and Republic of Iirland (frRS 102) aDd the Companies Act 2006.
The Charity constitutes a public entity as defined by PRS102.
The Trustees liave a reasonable expeetation that the Charity will have adequate resources to
coi)lii)ue in opei'alioiial existence foi. the foreseeable fiitiire. In making this assessment the Triistees
have considered a pei'iod of twelve Jnoiitlis from the date of the financial statements b¢ing
aLilhorised for issue. Th¢ Charity therefore continues to adopt the going coiicei'ii basis in pirparing
its financial statements.
Judgement5 and Iiey source5 of estimation uncertsinty
Tlie preparation of the financial statem¢nts requires management to mak¢ judgements, estsinates
aiid assumptions tl)at affect tlie ainounts reported foi. asscls and liabilities as at the balaiice Sheet
dale and the ainounts I'eported foi. reveiiucs ai)d expenses dui'iiig the year. The i)atiii'e of estimation
means that actual outcomes could diffei. froin those estimates. The following judgements have had
a significant effect on ainounls recognised in Ihe financial statements..
The TrLIStCC5 make jiidgemenls in estimating the fair valiie of its investment properties held at the
balance sheet, with ¢hanges in fail. value being I'ecogiiiscd in pi'ofit oi. Ios5.
The Charity has entered into commei'cial property leases as a lessor on it5 iiiveslment property
portfolio. The classification of siich leases as opei'ating or finance leases requiirs the Charity lo
detei'mine, based on an evaluation of the lems and conditions of the ai'iaiigeincnts, whethei. it
retains the I'isks and rewai'ds of ownersliip of these assets and accordingly whcther the lease
requires an asset and liability to b¢ recognised in th¢ statements of financial position.
Page 8

THE TAPPEINDEI N CIIARITY
(A Churilable Cuinpany Limited by Guarantee)
(Coinpaiiy NiiRnbcr.' 05892698)
NOTES TO THE FINANCIAL STATEI MENTS
riOR THE YFAII ENDII D 31st JULY 2024
ACCOUNTINC POLICIES- eonlinlled
Incoming Reeognition
Iiicome is recogiiised wlien the chai'ity l)as entitleinent to the funds, ai)y ¢onditions atta¢hed to the
itein5 of iiicome liave been met, it is pi'obable that the income will be I'eceived and the amount can
be Ineasured reliably. Income I'eceived ii) advanec of a piyjvision of other specified seivice is
deferred iintil the criteria for incoine reeognilion al'e Inet. Investmeilt iiicoine, including rent from
coinmercial and r¢sid¢iitial pioperties, is recow)ised on a receivable basis.
Expenditure and Irrecoverable VAT
Expenditure is recognised once there is a legal oi. QOT)Striiotiv¢ obligation to Inake a payinei)t to a
thii'd party, it is probable that seiileinenl will bc I'equiird and the amount of the obligation can be
measured reliably. Expci)diture is classified uiider the following:
Chai'ilable activities is expendilui"e associated with the Cliai'ity's investment pi'opei'ty
Inanagement and donations to benefi¢iai'i¢s. Both the direct costs and support I govei'nance
costs relating lo these activities arc included.
Fund Aecounting
Funds l)eld by the Charity are iinrestricted general funds, which can be us¢d in a¢¢oi'dan¢e with the
chai'itable objectives of the Charitable Company at the discretion of the Triistees.
Tangible Fixed Assets
Fixed assets below a cost value of £500 are not capitalised.
Depreciation
Depreciation is pi'ovided at the following annual rates in order to write off each asset over its
estimated useful life.
Fixture and fittings
20 % on reduciiig balance
Investments
Investment properties al'e properties held to eam rentals an(Voi' for capital appreciation. Invcstment
pi'oper(ies al'e initially measured #t probalc value oi. c05t. includiiig traiisaction costs. Subsequently
investment properties al'e included in the balance she¢l at Ih¢ii' fail. value. Investment propeities are
valued on an aiinual b8sis with any gains and 1055cs ai'i5ing from changes in the fair valiie of
investment properties bcing iiicluded in profit or loss iii the period in which they arise.
Oihei. investment5 are Aitworks and Antiques bequeati)ed to the Charity and are cai'ried at probate
value.
Debtors
Trade and other debtois are I'ecognised at tlie settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any tradc discounts due.
Page 9

THE T APPEI NDEN CHARITY
(A charit.lhle Company Limited by Guarantec)
(Coniparty Number: 05892698)
NOTEI S TO TI.IE fiINANCIAL STAI'EMfi NTS
FOR THE AR ENDED 31st JULY 2024
ACCOUNTINC POLICIFS- continued
Ca.4h at bank and In hand
Casli at baiik ai)d casli in hand includes casli and short tei'm highly liquid investinents tliat al'e
ieadily convertible to known ainounls of cash and are subject to an insignificant i'isk to changes in
value.
Creditors and provisions
Ci'edilors and provisions are i.eco￿lSed where the charity has a PlEs¢nt obligation resuliing fro]n a
past event that will probably result in tl)e Irai)sfer of funds to a third paity and the amount due to
settle the obligalion can be Ineasured or estimated I'eliably. Ciyditors aiid piDvisioiis are normally
recogiiised al tlieii. settlement aTnoiint after allowing for any trade discounts due.
Finaneial in5trument$
The Charitable Coinpany only has financial assets and financial liabilities of a kiiid that qualify as
basic fiiiaiicitil i1￿trutnelitS. Basic financial insti'iiinents ai'¢ initially recognised at transaction value
and subsequcntly Ineasui'ed al theii. settlement value with the exception of bank loans wliich are
subsequently Ineasured at amoitised cost using the effectivc interest inethod.
Limited by Guai'xntce
The Company is limited without Share capital. Iii the event of the Company being wound UP> each
meTnber is liable to contribute to the payment of debis and liabilities of the Company as may be
required, not exceeding £10.
INVESTMEI NT INCOME
31.07.24
31.07.23
Investmeiit propeities..
Rents receivable
Conti'ibutions re¢eived from Tenants toward5 property costs
173,909
2,367
176 276
170,876
2,210
173,086
Page 10

THE TAPPFNDEN CHARJTY
(A chai.1t￿ble Compaiiy Limiteil hy CTuMrantee)
(Coinpaiiy Number.. 058926911)
NOTES TO fHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st JULY 2024
ANALYSIS ofi CIIARITABLE EI XP£I NDITURE
The chai'ity undei'takes its cl)aritable activitie5 tlu'ougli graiit making aiid donations awairled to institutioits in
fiirih¢i'an¢e of ils ¢haritable objectives. No grants oi. donations were Inade to individuals in the year:
Grant
ri lliided
Activities
2024
Siipport and
Governxnee
C05ts
2024
Total
2024
Total
2023
Fundeil from unrestricted funds:
Community
4,000
125,607
129,607
147,824
4,000
125,607
129 607
147,824
Grant funded activities in 2023 to Educational eslablishinents amounted to £2,500
ANALYSIS OF SUPPORT AND GOVERNANCE COSTS
The breakdown of support costs and how these are were allocated between governance and general support
costs al'e shown in the table below. All costs are allocated on a actual basis apart fi'om tl)e adminisli'alion
support costs provided by the secretary which are allocated oil an estimated basis in favour of gencral support
as a result of thc s¢ci'¢lary's continued projecl manageinent of the i'efui'bishinent of the chai'ity's investinent
propei'lies.
CTeneral
Support
Costs
Governance
Cost$
Total
2024
Total
2023
2024
2024
Legal and professional
Repails and mainlenan¢e costs
Independent examination fee
Insuiance
Rates, light and heat costs
Geiiei'al office costs
Bank charges and loan fees
Bank loan interest
Otlicr loaii inlcrest
Depi'eciation
Admiiiislralion ¢osts
Sundries
10,961
30,571
10,961
30,571
5,400
9019
4,589
961
225
50,822
2,679
27
9,500
553
125,607
6,850
57,038
5,196
8,762
9,609
935
255
42.492
3,070
13
10.770
314
145,324
5,400
9,319
4,589
961
225
50,822
2,679
27
9,500
553
120,207
5.400
Governance costs in 2023 amounted to £5,196.
Page I I

THEI TAPPF.NDEN CHARITY
(A Charitablc Coillpany Limite(I by Gunrantee)
(Coinpaiiy Niimber: 05892698)
NOTES TO TFIE filNANCIAL STATEMENTS
FOR THF. YEAR ENDCI D 31st JULY 2024
GAINSI(LOSSES) ON INVESTMENTS
31.07.24
31.07.23
Impairment of other investments
Gain on rev21uation of Invcstment propeities
Gain/(Ioss) on disposal of Othei. Investments
(3,910)
139,500
(8,316)
131 184
TURNOVER
The turnover and surplus before taxation are attributable to the one principal activity of the Coinpany.
OPERATING SURPLUS
The operating SLirplus is stated after charging..
31.07.24
31.07.23
Ii)d¢pendent Examination fee
5,400
5,196
TAXATIOP4
The Coinpany's activities fall Linder the exemption given by tlie Inland Revenu¢ to chai'ities,
consequently no liability to UK Corporation Tax l)as arisen on the oNiinai'y activities of the Company
for the year ended 31. July 2024 or preceding period endcd 31. July 2023.
Page12

THI TAPPENDEN CHAIIITY
(A Chai-itable Company lJimitLI(I by Cuarajjtee)
(Coiiipi?ny Numbcr: 05892698)
NOTES TO THr. rilNANCIAL STATEI MEI NTS
FOR THE YEAR ENDEI D 31st JULY 2024
IIXED ASSF.TS
Fixtures &
Fittings
Total
Cost
Al I, Aiigust 2023
Additions
DisP05als
At 31" July 2024
2,350
2,350
2,350
2,350
Deprceiation
At I, Augu812023
Chargc for year
At 31. July 2024
2,216
27
2,243
2,216
27
2,243
Net Book VRlue5
At 3191 July 2024
107
107
Al 3131 July 2023
134
134
Page 13

THE TAPPEI NDEI N CHARITY
(A Charitnble Company LimKte(I by Cuai'Antee)
(Company Number.. 05892698)
NOTEI S TO I'HE PINANCIAL STATEI MENTS
FOR THI YEAR NDCI D 31st JULY 2024
INVEI STMENTS
Investment Properties
Other Investments
2024
2023
2024
2023
As at I. August 2023
Additions in the year
Dispos21s in the year
Revaluations
Impaiment
3J50,501
3,350,501
136,180
140,090
{71,180)
139,500
(3,910)
As at 31. July 2024
3 490 001
3 350,501
136,180
Inve51inent properties coinprise commercial and Tcsidential propei'ties which were bequeathed at
probate value to Il)e Chai'ily and an additional iiivestincnl property purchased at cost all of which have
been subject to a pr0￿aTllTne of refurbishment ovei. i'ecent years.
The Investment properties are considered by the Tn]stees to be included at fair value as at 3151 July
2024 as supported by recent indepeiideiit valuations.
Other investments are a collection of antiques bequeathed to the Charity wl)ich the Trustees consider
the histoi'ical signifIcance classifies the collection as Ait Works and Antiques and al'e in¢liided at
probate value.
DEBTORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR
31.07.24
31.07.23
Prepayments and a¢¢rued income
3,095
3,095
12.
CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR
31.07.24
31.07.23
Accrua15 and defei'red income
Othei. creditors
Other loans
Bank loans
26,987
2,500
931
31,073
2,500
61,551
55,529
150,653
Deferred income included above of £17,500 (2023: £17,139) relates to rental In￿Me re¢eived in
advance.
Page14

THE TAppfi NDEN CHARITY
(A Charitable Compi?ny Limiteil by Giiarantcc)
(Coiiipany Niiinber.. OS892698)
NOTfS TO THE TrINANCIAL STATEMENTS
FOR THE YEIAR ENDED 31st.JULY 2024
CREIDITORS:
AMOUNTS FALLING DUE AFTEI R ONE YEAR
31.07.24
31.07.23
Bank loaiis due in oli¢ to two years
Bank loans diie in two to five years
Bank loaiis due in mole Ihan five years by instalments
65,027
59,661
205,U87 193,122
269,510 347 562
539,624
600,345
Bank Ioai)S T¢payable by instalineiits on a vai'iable basis from 2.850/0- 3.050/0 ovei. the
bank base rat¢ foi. varying terms between 12-15 y¢ars and are secuied by cl)arges on
freehold investment property owned by the Chai'itable Company.
Governinent assistance was pIDvided in 2021 in the form of a bounce back loan of
£35,000 pi'ovided at an intei'est Tate of 2.50/0 over 6 years. Tliis loan iiicluded a 12-
moiith period in which the intei'est payable was covei'ed by the UK Governments
Busii)e55 Iiitci'wption Payment and no capital repayments were made during this
pei'iod.
14. RELATED PARTY DISCLOSURES
No Triistee received any reinunei'ation from the Charitable Company in the current or
preceding period.
Key manag¢menl personnel received £8.000 (2023: £7,700) for adinii)istration support
provided to th¢ Chai'itable Coinpany in the period. A relation of key manageTnent
personnel received £NIL {2023.. £750) for repails aiid maiiitenance services provided
to the Charitable Company in the period. Key Inanagement petsonnel paid £3,000
(2023: £NIL) to the Charity for the piirchase of legacy items bequeathed to the
Cliarity.
Interest on a loan made to the Chai'itable Company by key manageinent P¢Tsoiial was
Cha￿ed at 50/0 amounting to £2,679 (2023- £3,070). As at 31 ¥ Jiily 2024 Loan aiid
interest due to key management personal ainount to £931 (2023.. £61,551).
During the year, R M Hoi'wood a Ti'iistee was reimbui'sed £6,606 (2023: £NIL) by
payment lo a third p￿tY for legal and profc5$5onal services provided to the Charstable
Company.
During the ycar, D C OsboiTh a Trustee paid £2,434 (2023: £NIL) to the Charity for the
purchase of good5 included in otlier investments.
During the year Rental incoine received of £20,000 (2023.. £20,000), Legaey income
receiv¢d £320 (2023.. £NIL) aiid payillenl of £1,500 (2023= £1,440) foi. adniii)istralion
supp()rt, were made to Mode Lighting Limited an entity in which A C Hayllar. a
Ti'u5tee, has sigiiificant influence.
Page 15

THF. T APPENDEN CHARITY
(A Charitable Company Limitc(I by Guaraiitee)
(CoIiii)aiiy Number.. O589269ti)
NOTES TO THE FIINANCIAL STATEMENTS
FOR THE YEAR F.NDED 31st JULY 2024
15.
OPEI RA'I'ING Lll ASE COMMITIVIEI NTS RCI CFIVABL
31.07.24 31.07.23
Not later Ih8n one year
Later thali one yeai. but iiot later than five years
72,027
110 720
79,835
176,080
182 747
255,915
Page 16