REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" JULY 2025 FOR THE TAPPEITr4DEN CHARITY (A Chxritxble Company Limited by Guarantee) Company Number . 05892698 Registered Charity Number . 1129037 Hcntons Stag Ilouse Old Loiidon Road Hcrtford Hcrts SG13 7LA
THE TAI)I)ENDEI N CHARITY A Cliaritable Ci)ni Limitcd b Ciiarfintee Niimbei.: 05892698 CONTfi NTS ofi THE FINANCIAL S'I'A'I'LI MLN'rs FOR THE YEAR ENDED 31st JULY 2025 Page Company lllformalioii Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statemen15
THE T APPCI NDfi,N CHARITY (A Chai'itable CoiiipaTly lJlTnitc(I by CTiiarfintee) COIVII'ANY INb'OIIMAI'JON FOR THE YEAII ENDEI D 31st JULY 2025 DIRfcTORSITRUSTEI ES: A C Hayllai. D C Osborii R M Horwood SECREI TARY: R S Gamblcs REI GISTERED OFFICE: The M21tings 63 I-ligh Slreet WaiE Hertfoi'dshire SG12 9AD RECISTEREID NUMBER: 05892698 (England and Wales) CHARITY NiIMBER: 1129037 INDEPENDENT EXAMINCI R: S W Iludson ACA Hentons Chartered A¢¢ountants & Statutory Auditors Stag House Old I,oiidon Road Hertford Hertfordshire. S013 7LA REGISTERED AUDITORS Page I
THE TAPPEI NDEN CHARITY (A Cliarilable Ci)Inpany LiniitL.d by Guarantee) (Conipaiiy Nuiiiber: 05892698) (Registered Office: The Maltings, 63 High Street, Ware, Hertfordsh5r¢, SG12 9AD) TRIISTEI Li S, Rf.PORT FOR THF. YLI AR LI NDED JI" JULY 2025 OSCS of Sccli(In 8 (Trf thL C.IIAritlL4S Aet 2011 nd Direetoi's, Re Scction 417 of the C(>m anies Aet 2006 For the ort foi. the ur oses or The Ti'usteeg have pleasure in subinilling theii. Annual Report aiid Fii)ai)cial Slaleinents for tlie year ended 31 sl Jiily 2025. The financial statemei)ts coinply witli Ilie Cliai'ilies Act 2011, Ilie Cuinpaiiies Act 2006, tl)e Cliarity's Mcinoiandiiin ai)d Article8 of Assaciation and the Chai'ities Statemeiit of Recominci)dcd Pra¢ti¢e (applicable to chai'itics prcpai'ing tlieir accoiiiits iii accordance with the Financial RepoTtiiig Slai)dard applicable in the UK and Republic of Ireland; FRS 102) issued in October 2019. TRUSTEES The Trustees, who are also Dii'ectors of the Company, and acted thi'oughout the pei'iod aTe'. A C Hayllar D C Osborn R M 1401.wood CONSTITUTION Ti)e Tappenden ChaTIIyi CoTnpany niimber 05892698, is a Company limited by the giiarantees of th¢ meinbei's to a maxiiniiin of £10 each and was ii)coi'porated on ISI Aiigust 2006. The Company 15 a I'cgistered chai'ity, nuinber 1129037 aiid gained cliaritable status on 7, Api'il 2010. INVESTMENT POWIRS Under the Meinoranduin and Articles of Association, the Charity the powcr lo Inake any investinents, in the saine maiiner as the Trustees of a trust are permitted to do so by the Ti'uslee Act 2000. COMPANY OBJECTIVFS The objects of the Company as stated in the Memoranduin and Articles of Association are.. l) In this ¢lause"Charity' means any purpose whicli is exclusively eharitable accoi'ding lo the law of Eiigland and W21es and any institiition whether coi'poi'ate oi. not (including trust oi. undertaking) which is established for purposes which arc cxclu5ively charitable according to the law of England and Wales and 'Charities" has a Coi'lEsponding Ineaning. 2) The Charity Trustees shall pay income of the charitable fund lo siich charity or charities and if more than one li) such share or shares and in such Inannei. gen¢i'ally as th¢ Cliarity Trustees shall in their absolute discretion Ihii)k fit pr(Ivided that until tlie expii'ation of the period of twenty one yeai% the Cliarily Trustecs shall have power to accumulate the whole oi. any pai't of such incotnc by investing the same and the resulting in¢ome thereof in any manner hei'eby authorised so that any accumulation so made shall fomi an acci'etion to the Capital from which such income arose for all pui'poses. 3) Notwidistanding tlie foi'egoing trust of incoine the Charity Trustees shall have power at anytiine or time5 to pay transfer or apply the whole or any parl or parts of the capital of the Cliaritable Fund to or foi. the benefit of siich charity oi. charities in such shares if more than one and in such Inannei. generally as the Charity Triistees shall in theii. absolutc discrction think fit. Page 2
THEI TAPPENDF.N CIIARITY (A Charilable C'onipaiiy Liiiiited by Gu#i'#iilcc) (Comp#ny Numhcr.. 05892698} TRUSTfi fi.8, REI P()RT- Coiitiniied FOR THE YEI AII EI NDCI D 31.41 JUI.Y 2025 ACHIEVEllq£I NT AND PERFORMANCE Dui'iiig tl)e yeai. undci. rcview tl)e Cliai'itable Coinpany continiiod ils pmgramme of maintenance and refui'bishinent of ils fieeliold inv¢51ineiil pi'opei'ties. Dui'ing the year the Charity made donations tolalling £6,000 to community establislimenls. The Charity lias i'efei'i'cd lo tlie guidance contained in the Chai'ily Coiiimission's general guidance on piiblic benefit when reviewing its aiins ai)d objectives and planning its fulurc activities. ORGANISATIONAL STRUCTURE The boaiKI of Tru51ees Ineels regiilarly to adinini5ter tli¢ Chai'ity and Triistees are appointed in accordanee with the Compaiiy's Memorandum and Aiticles of Association. Tlie niiinber of I'1'ustee5 sliall not be less than three but (unless otherwise delerniined by ordinary re501ution) shall not be siibject to a iiiaximuin. N¢w Triislees will be provided witli the Mcmorandum aiid Articles of Association, the Inost recent financial stalen)enls and the Ininutes of PTevious Ti'itslees nieeliiigs. In additioii, ncw Triistees will be asked to fainiliariso thems¢lves on the diities and the I'espoiislbilltes of Ti'ustees as provided in guidance notes issued by the charity commission. FINANCIAL REVIEW Total income for the year amounted to £194,472 (2024 £198,347) including £175,827 (2024 £173.909) from reiital income on its investTncnl propcrties. Aftei. allowing for total cxp¢nditui'e of £152,656 (2024 £129,607), the Charity achieved a sui'plus foi. the year after revaluation of investment properties of £149.766 (2024.. £199.924). PLANS FOR THE FUTURE The Trustees plans for tlie futUTe are lo achieve a position where th¢ property portfolio is fully let> providing an increased level of investment incoine lo the eharily enabling a highei. levcl of charitable support to CoJnTniinily, Educational and Medical I'esearch caiises. RISK MANAGfi MENT The Trustees have considei'ed and continue to considei. the major risks to which the Charity is exposed and are satisfied that systeTns are in place to mitigate those risks. RESERVES POLICY The Trustees will seek to biiild sustainable unreslri¢led reserves to a level 5uffi¢ienl lo provide financial stability and Incel ai)y exceptional expenditure. Page 3
THf. TAPPF.NDlI N CHARITY (A Charitable Cumpany LimitLd by CJuarAntec) (CoTnpany Nuillher.. 05892C?98) I'RUS'I'EI fi.s, Rfi.PORT- c.ontiiiiied FOII THL YEAII NDED 31" JULY 2025 TIIUSI'EKSJ RII SPONSIBILITIES Tlie Trustees (wl)o are also directoi's of Tlie Tai)pendeii Chai'ity fui. Ihe piii'poses of coinpaiiy law) are I'espoiisiblc foi. pi'oi?ai'illg the Ttustees, Anniial Ilepoi't and the finaiicial slalcm¢nls in accordance with applicable law and Unilcd ICingdoTn Accoiinting Standai'ds (United Kingdoin Generally Accepted Accounting Practice). Company law requires the Trustees to prepaiE fiiian¢ial slalements for each financial year which give a true and faii. vicw of tlie state of affairs of the Chai'itable Coinpany and of th¢ ineoming I'esources and applicatio of 1esouir, includiiig tlie income and expeiiditure, of tlie Charitablc Coinpany for that pei'iod. In piEpai'ing these fiiiancial stalenieiils, the Trustees are I'equii'ed io.. select suitable accounting poli¢ies and theii apply thein consisteiitly* observe the metliods and pi'inciplcs ii) the Chayilies SORP. ITJake judginenls and aecoiinting estimates that arc irasonable 21)d prudent-
slate wheihei. applicable UK Accouiiting slandai.ds have beeii followed, subject to any matei'ial dcpartures disc105ed ai)d explained in the financial stateinents,. and prepaiE the financial slalements on the going concern basis unless il is inappi'opriate to presume that the Charitable Company will continue in biisiness. The Trustees are I'espoi)sible for ke¢ping adequate accounting recoi'ds that disc105C With I'easoi)able 2ccul.acy at any time the financial position of the Charitable Company and enable them to eiisLlI'e t]iat tlie fiiiaiicial statements comply with the Companies Act 2006. They are also I'esponsible for safeguarding Ilie assets ofthe Charitable Company and hence for taking reasonable st¢ps for the pirvention and detection of fi'aud and othei. ITregularitiCS. This repoii has been prepared in a¢¢ordan¢e with the special provisions of part 15 of the Companies Act I'elating to sinall coinpanics SIGNF,D ON BEHALF OF THE TRUSTEES R S Gambles- Secretary . Dated K.l.-. 01.-..%.ox6 Page 4
INDL4 PLNI)Li N'l, LXAMINLI Il's Illi,I'OII1' TO I'iifi I'RIISI-CI 11.S ()F"-I'III,:'I'APl>li Nl)LN CIIARITY (A Charitablc Comp#tLy lJlttiiteil l)y CillilVSltitee) I reporl tL¥ the Trustees (who are also Directors for tlie PUTpose of coinpany lawl on my exaiiiination of the fjnancial 5tal¢iMent5 of Tlie Tapp¢nd¢n Cliarily I'tlie cliaritable coinpaiiy,) foi. (lie year elided 31, July 2025 wliicli comprise Ilie Sialeinent of fiiiancial Activitie5. 111¢ Balaiice Sheet aiid related iioles. Tliis rei)ort is iiiade solely to Ilie cliarity's'l'iiislees, as a body. in attoTdance with Scctton 145 of the Charities Act 2011 My work lias l)een iiiidertakeii so tli8t T iiiiglit slate lo tlie charity's l Tuslces those malters l am required to statc to thetn in this report and for no other purpose. To the fullcst cxtcllt pci'mitted by law. I do not ac¢epl or assume iespoiisibilily lo anyone ot5ici' tliaii tl)c cliai'ity an(1 tlie cliarily's Truslees as a body, for tny woj'k, for this IEpoII, or for the opinions T liave formed. Re5pun$ibilities J)#$is of repoJ* As Ilie Trustces of a charitable comiiany you arc iespotisible for the PlEparation of the finaiicial statements in aceordance willi Ilie ieqiiireinents of the Cojllpaiiies Act 20061'the 2006 A¢t'l. Having satisfied myself that the financial statements of the charitable ¢ompany are not required to be audited under Part 16 of the Act and are eligible for independent examinatson. l Tepoll in respect of my ex2mination of the cliaritable conipaiiy's fiiiancial 51ateiMeiits caix-ied out undei. sectioii 145 of the Cljai'ities Act 2011 {'tlie 2011 Acl,) and iti cari'yiiig out my exajnination I have followed all the appli¢able Directions given by the Charity Coinnii5sion under se¢titsii 14515llb} of the 2011 Act. Ali indepeiident exaiiiiDation does not involvc gaiheriiig all the evidence that would be required in an audit and C0115equently does llot cover all th¢ mattels that an audiloi. cot]sideis in giving their opinion on the financial staterncnts. Thc planiiing and conduct of an audit goes beyond the limited assurallcc that an iiidependent examination can provide. Cottsequently I express no Opillioll a5 to whether the finan¢ial siatemeiits preseiit a 'lJ'ue a&id fair, vie1¥ aiid rny Tepori is lii)iiled to those specific Jiialters set out iii tlie indepeiident exaiiiinei-'s siaieiiieiil. Indepeiideiit exaiiiinÈi"$ $t#leiiieiJt I have cotnpleled iiiy exainiiiation. l Confii'm that no matcrial matters have come to my attention in ¢onne¢tion with the examination giving mc causc to believe that in any niateTial respect.. accounting records were not kcpt Iti respect of the charitable company as required by section 386 of the 2006
the financial statements do not a¢cord with those record5. or the fjnaiicial 5tatement5 do not cornply wilh the accounting reqiiireiments of section 396 of the 2006 A¢t other tljaii atiy I'eqiiiirii)ent that tlie fiiiaiicial statemeiiis give a 'lrue and fail. view wliicli is not a niatter Consideird as part of an indcpcndent exaillination. OT the finan¢ial statements have not been prepared in accoTdan¢e wilh the methods and principles of the Siatement of Recommended Praeti¢e for accounting and IEPOrtiiig by chai'ities applicable to ¢liJrilies preparing their accounts in accordance with the Finantyial Reporting Standard applicable in tlie UK and RepubliG of Ireland {FRS 1021. I have no concei5 and have come across no other matter5 in connection with the examination to which attention should be drawn in this report ill order to enable a proper understanding of the financial statements tr> be reached. S. W. Hudson ACA Hentons Cliartered Accountants and Statutory Auditors Stag House Old London Road Hei'iford Herls. SG13 7LA Page 5
'I'HE TAPPENDEN CHARITY (A Cliai'ilablc Comi)any Liiiiited by Giiarantee) (Conipxny Numbcr.. 05892698) STATfi,Mfi,NT or r<lNANCIAL ACTIVITIFS {Incoi'porating tIiL. Income and Ei xpen(litiirc Account) FOR THE YEAR EI IYDEID 31st JULY 2025 Unrestrictcd General Funds Tot#1 Futid5 31.07.25 Total Funds 31.07.24 INCOME Investment Incorne 178.271 178,271 176,276 Oth¢J' iiieomlng resoui'ces.. Inlerest incoine Sundi'y iiicome Legacy income 23 50 16,128 23 50 16,128 22,040 Total lllcome 194.472 194,472 198.347 EXPENDITURE Charitable activities 152,656 152.656 129.607 Tot#1 Expenditure 152,656 152,656 129 607 Net Ineome for the yeAr befoi'e gain51(10s5e510rt iiivestments 41,816 41.816 68.740 Net Gains l{Losses)on illve5trnents 107,950 107,950 131,184 Net ineome for the yeAr And net ovement in fund$ 149,766 149,766 199.924 Recoijciliation of funds: Total funds brought forward 2 955.353 2,95&353 2,755,429 Total funds cai'i'ied forwxrd 3 105 119 3,105.119 2,955,353 The Statement of Financial Activities includes all gains and losses recognised in the period Nojie of tl)e ¢oJnpany's activities weir acquired or di5COI)tinued dui'iiig the turrent oi. pi'ecediiig year. The notes on pages 8 to 16 forn) part of thcse financial 5tatemcnts PAg¢ 6
THE TAPPENDEI N CHARITY (A Charitable Coinpany Liiniled by Guai'aiilee) (Compiny Niiinbcr: 05892698) IIALANCE SHEI ET AS AT 31st JULY 2025 31.07.25 31.07.24 Notes I Ixr,D Assfi,TS: Tangible fixcd assets Invcstmcnts- Invcslment propeilies Other ijiveslinents 107 3,490,001 65.000 3.555.108 10 3,490,001 3,490,001 CURREI N'I'ASSEITS: Debtors Cash at bank 4,2121 188051 8.842 21,969 192.872 30,811 CREDITORS: Amoun15 falling due within ot)e year 12 104 410 NET CURRENT ASSETSI{LIABILI'I'IES): 88,462 {60,1311 TOTAL ASSJP,TS l.EI S8 CURRCI NT LIAIIILI'I'ILS: 3.578.463 3,494.977 CRbDITORS.. Amounts falling duc after one year 473J44 TOTAL NET ASSETS 3 105 119 2 955 353 RESERVEI S.. General fund- Unrestricted 3 105 119 2 955,353 TOTAL CHARITY FUNDS 3,105,119 2 955 353 The Company is entitled to exemption from aiidit under Section 477 of the Companies A¢t 2006 for the year endtd 31 July 2025. The members have not required tlie Cotnpany to obtain #n audit of its financial statements foi. the year ended 31 July 2025 in accordance with Section 476 of the Compaiiies Act 2006. The DirecloiE acknowlcdge their responsibilitie5 for.. lal ensuring thal the Company keeps accounting re¢tsrds which comply with Sections 386 and 387 of the Companies Act 2006 and Ibl prcparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial ycaT and of its profit or loss for each financial year iji accoTdaiice with ihe iequirements of Seclions 394 and 395 and which otherwise comply with th¢ requirements of the Companies Act 2006 IElating to finanGial statenienls. so fai. as applicable to the Company. These finaiicial statements have been PTepar¢d in a¢¢ordance with the piDvi5ions applicable to Gharitable companies 5ubjeGt to the sn)all companies re8iine. ON BE14ALlI OFTH TRIJSTEES: R M Horwood A C Hayllar Aiitliorised for issue by the Trustees on 11... .Q.l. -..Xg*.6 The notes on pages 8 to 16 form part of these financial statements Page 7
THE TAPPENDEN CHARII'Y (A Cliaritable Company Liiiiitcd by Guarantee) (Comi)Aliy Niiinbei.: 05892698) NOTfi,8 TO T14E fi INANCIAL ST A'I'ENIENTS FOII TIif, YEIAR EI NDEI D 315t JULY 2025 ACCOUNTING POLICIES Basi5 of preparation and #ssessment of going eonecrn The fiiiancial stateineiils have been prepared in accordance with the Charities.. Statement of Rec()Inmeiided Practice (applicable to Lhai'ilies preparing their accoiints in accoi'dai)ce with the Financial Reporting Staiidard applicablc in Ihc Ul< and Repiiblic of Ii'eland (FRS 102)) (issued in OGtobcr 2019) - (Cl)arities SOIII, (PIIS 102)), the F iiiaiicial Rcpaitiiig Standai'd applicable in the UK aiid Republic of Ireland (blls 102) and the Companies Act 2006. The Charity constitutes a piiblic entity as defined by FRSIO2. The Ti'lteeS l)ave a iEasonable expectation that Ili¢ Charity will have adequate resources to Continue in opei'ational existence for the foiEseeable future. In Inakiiig this assessment the 'fi'ustees have considcr¢d a period of twelve months froin the date of th¢ fiiian¢ial slaleinents beiiig authorised for issue. Tlie Chai'ity tlierefore continiies to adopt the going conccrn b&8is iii prepai'iiig its finai)cial staleincnl5. Judgcmcnls and Iiey sources of estimation uneert#tnty The preparatioii of the finaiicial statements rcquii'cs management to make jiidgements, estimates and assuinptioiis that affect the ainounts reported for assets and liabilities as at the balance sheet date and tlie ainounts reported foi. I'evenues and expeiises dui'ing the year. T])e nature of estimation means that actual oui¢oines could differ from those estimates. Tlie followiiig judgements have had a significant effect oll amounts recognised in the financial statements.. The Trustees Inake judgemcnls in e5tim21ing the fair value of its inveslinent properties h¢ld al the balan¢¢ sheet, with changes in fair value being rwognised in profil or loss. The Charity has cntered into commercial property leases a5 a lessor on ils investment property poi'tfolio. The classification of such leases operatiiig oi. financ¢ leases reqiiiies the Charity to determine, based on an evaluation of the tei'ms and conditions of the arrangeinents, whether it retains the risks and IEwards of ownership of these assets and accordingly whether the lease requires an asset and liability to bc rccogiiisd in the statements of financial position. Page 8
I'HK I'API)fi NDEN CHARITY {A Clh%i'ilable Conipany Liiiiite(I by Guai'antee) {Compaiiy NubLr. 05892698) NOTFS TO TIIE FI INANCIAL STATEI MCI NTS FIOR THE YEIAR EI NDEI D 31sl.JULY 2025 ACCOUNTING POLICIES- continued Ineoming Reeognition Incoine 15 recognised whcn the ¢liarily ha5 eiititleinei)t to the funds, aiiy conditions attached to tl)e iteins of iiicoine have b¢ei) Inet, is pi'obable that ihe income will be I'eceived and tlie ainount cai) be measiii'ed I'eliably. Income I'eceived in advance of a piovision of other specified sei'vice is deferred until the criteria for incoine I'ecognition are Inet. Iiivestmciit iliCOTne, in¢ludii)g rent from corntnercial aiid residential properties, is recognised on a receivable basis. Expenditure Irrecoverable VAT Expenditure is iEcognised once there is a Icgal oi. coiistrii¢tive obligation to make a payment to a third pai1y, it is pi'obable that settleineiit will be requii'ed and the arnount of the obligation can be measured reliably. Expenditure is classified undei. the followiiig.. Chai'itable activities is expendituie associatcd with the Ch21'ity's investinent property management and doiiations to beiieficiai'ie5. Botli the direct costs and suppoit / governance costs relating to these activities are included. Fund Aeeollnting Funds held by the Charity ai'¢ unresli'icled general fiinds, which can be used in aceordance with the charitsble objectives of the Charitable Company at the discretion of the Trustees. Tangible Fixed Assets Fixed assets below a eosl value of £500 are not capitalised. Depreciation Depreciation is provided at the following annual rates in oiyler to write off each asset over its estimated useful life. Fixture and fittings 20Yo on reducing balance Investments Investment properties are propcrtics held to eai'n rentals 21)dlor for capital appreciation. Investment propei'lies al'e initially Ineasured at probate value or ¢osl, iiicludiiig tra115actioii costs. Subseqiiently investinent properties are included iii the balaiice sheet at Iheii. fail. value. Investment piY)perties are valued on an anniial basis with any gains and losses arising fiom changes in the fair value of investment pi'operties being included in profit or loss in the period in which Ihcy arise. oihei. investments are Artwoi'ks and Antiques bequeathed to the Charity ai)d are carried al pi'obate value. Debtors Trade and other debtors aiE recogiiised al Ili¢ settlement ainouiit duc aftei. ai)y Irade discoiint offered. Pi'epayinents are valued at tlie amount prepaid iiel of aiiy trade dis¢oiints due. Page 9
I'HE TAI)IIEI NDEI N CHARITY (A Chai'ilablL Ci)nipaiiy Limite(I by Guarantee) (C(hmi)gny Numbci.: 05892698} r40TF,S TO TIIE fiINANCIAL STATEI MENTS FIOR THE YEI All EI IYDEI D 31st JULY 2025 ACCOUNTING POLICIES - contiiiued Cash Xt hanli and in hand Casli at bank ai)d casli in hand includes easl) and short tei'in higlily liquid investinentS that al'e readily convertible to known ainounls of cash and are subject to an insignificant risk to changes in valiie. Creditors and provisions Creditojs and provisions are I'ecognised where the charity has a present obligation SultI1)E from a past event that will pi'obably resLIIt iii Ihc tran8fer of fiii)ds to a thii'd party and the amount due to settle ihe obligalioii can be measui'ed oi. cstimated reliably. Creditoi% and provisions are noi'mally i'ecognised al their settleinent ainouiit after allowing for aiiy ti'ade discoiints due. Financial insti'iiments The Cliaritable Coinpaiiy only finaiicial assets and financial liabilities of a kiiid that qualify as basic financial instruineiits. Basic finaiicial instruinenls are inili8lly recognised at trai)saction value and siibsequently meAsiired at tlieii. settleinent valiie will) the exception of bank loans which are Subsequently measui'ed at amortised cost using the effective interest method. Limited by Guarantee The Company is limit¢d without share capital. In the event of the Company being woiind up, each meinbei. is liable lo conlTibiite lo the payment of debts and liabilities of the Compally as may be requir, not exceeding £10. INVESTMENT INCOME 31.07.25 31.07.24 Inveslment properties.. Rei)Is receivable Contributions received from Tenants towards property ¢osts 175,827 2,444 178 271 173,909 2,367 176276 Page 10
THF. TAppfi NDEI N CHARITY {A Clini'itable Coinp?d ny Liniited by GuaR'#ntcc) (Coiiipany Niiinbcr: 05892698) NOTES TO THE FINANCIAL STATF.MENTS FOII THE YII All FNiifi D 315t JUI,Y 2025 ANALYSIS OF CHARITABLE fi XPENDITURE The charity iindertakes its charitable activities through grant making and donations awaiyied to institution5 ill furthcraiioc of ils chaTltkible objectives. No gi'aiits oi. donations were madc to individu818 ii) the year.. Cyrant Funded Activities 2025 Support and Governanee Total 2024 2025 2025 Funded from unrestricted funds: Coinmunity 6,000 146,656 152,656 129.607 6,000 146,656 152,656 129,607 Grant funded activities in 2024 to Educational Cslablishmeiils amounted to £4,000 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS The brkdOWn of suppoit costs and how these are were allocated belweei) governance and general support 05ts air shown in ihe table below. All costs are allocated on a actual basis apart from the administi'ation support costs provided by the secretai'y whicli are allocated oli an estimated basis in favoui. OF genei'al siipport as a result of the secretaiy's ¢ontinued project manageinent of the refurbishinent of tlie charily's investn)ent propertie5. General Support Costs Governanee Cost$ Total 2025 Total 2024 2025 2025 l.egal and pi'ofessional epairs and maintciiance costs Independent examination fee Insurance Rates, light and heat costs Geiieral office costs Baiik charges and loan fees Bank loan interest Other loan interest Depreciation L055 on disposal of fixed assets Admiiiistration costs Sundries 26,965 44,904 26,965 44,904 5,520 9,648 5,039 794 136 43,357 10,961 30.571 5,400 9,319 4,589 961 225 50,822 2,679 27 5,520 9,648 5,039 794 IJ6 43,357 21 86 9,940 246 146 656 86 9,940 246 141 136 9,500 553 125 607 Governance costs in 2024 amounted to £5,400. Pagell
THF TAPPEI NDEN CHAIIITY (A Cliai'itl¢ bl¢ C(bmp4ny Limited by Ciiarllntee) (Coinpl¢ ny Nuiiiber: 05892698) NOTES'I'O'I'HTr. IIINANCIAL STATEI MEINTS FOII THE YF.AR ELYDEI D 31st JULY 2025 CAINSI(LOSSES) ON INVESTMEI NTS 31.07.25 31.07.24 Gain on revaluation of Ii)v¢slinent properties Gainl(loss) on disposal of oihei. Investments 139,500 (8,316) 107,950 107 950 131,184 TURNOVEI R The turnover and sui'plus before taxation al'e atti'ibutable to thc one pi'iiicipal aclivity of the Company. OPERATING SURPLUS The operating surpliis is stated after chaiging.. 31.07.25 31.07.24 Independent Examination fee 5,520 5,400 TAXATION The Company's activities fall under tlie exemption given by the Inland Revenue to charitics, ¢onseqiiently no liability to UK Coi'poralion Tax h88 arisen on the ordinary activities of the Coinpany foi. tlie year ended 315t July 2025 or preceding period ended 31, July 2024. Page 12
THE 'fAI)I)ENDEI N CHARITY (A Cliaritablc C'oniiiany Liiiiite(J by Guarantee) (Company Number: 05892698) NOTF.8 TO Tiif. FINANCIAL STATEI MENTS (OR THE YEI AR CI NDCI D 31st JULY 2025 rilXED AssfiTS Fixtures & ri ittings TotRI Cust Ai 151 August 2024 Addilions Disposals At 31" July 2025 2,350 2,350 2,350 Depreciation At I, August 2024 Charge for year Bliminated iii respect of disposals At 3 I July 2025 2,243 21 2.243 21 2,264 2,264 Net Book Values At 31 July 2025 At 3191 July 2024 107 107 Page 13
THEI TAPPEI NDEI N CHARITY (A Chai'itable Coiiipnny Liinite(I by Guarantec) (Company Niimber: 0$892698) NOTEIS TO TIIE FIINANCIAL SI'ATEI MEI NTS FOR THE YEAII LI NDEI D 31st JULY 2025 10. INVESTMENTS Investment Properties Other Investments 2025 2024 2025 2024 A5 al ]' Augiisl 2024 Additions in tlie year Disposals in the year Rcvalualions Iinpairinent 3,490,001 3,350,501 65,000 136,180 {65,000) (71,180) 139,5QO As at 31, Jiily 2025 3 490,001 3 490 001 Investinent properties coinpi'ise cominercial and residential pi'operties which We bequeatlicd al probate value to the Cl)ai'ity ai)d an additional investineiit property puichased at cost all of wl)ich have beeii subject to a progi'ainine of refui'bishinenl ovei. recei)t ye#i's. The Investment properties ale considei'ed by the Trustees to be included al fair value as al 31" July 2025 as suppoi'ted by recent iiidependent valuations. Other investments are a collection of antiques bequeathed to the Chai'ity which tlie Trust¢¢s Consider the historical significance classifies the collection as Art Works and Antiques and are included at piobate value. DEBTORS: AMOUNTS FALLING DUE WITHIN of4E YEAR 31.07.25 31.07.24 Prepayments and acci'ued income 8,842 8,842 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.07.25 31.07.24 Accruals and deferred income Trade ¢rediloJ Othcr er¢ditors OthcT loans Bank loans 26,356 9,652 2,500 26,987 2.500 931 65,902 104,410 90,942 Deferred income included above of £16,822 (2024.. £17,500) relates to rental income received in advance. Page14
THE TAPPF.NDlI N CHARITY (A Chni'itable Compaiiy Liinited by Ciual'xntee) (CompAny Niiinbcr: 05892698) NOTEI S TO THE FI INANCIAL S'I'A'I'fi.Mfi,NTS FOR THE YLI All NDEI) 315t JULY 2Q25 CREDITORS: AMOUNTS FALLING Duf, AFTEI R ONE YEAR 31.07.25 31.07.24 Baiik loans diie in 01)e to two yeais Bank loaiis due iii two lo fivc yeais Bank loans due in Inoi'e tl)ai) fivc y¢ars by instalinents 63,291 65,027 219,609 20.5,087 190 444 269,510 473,344 539,624 Bank loans repayable by instalinents on a variablc basis fi'om 2.85Q/o 3.05V/o over the baiik base I'ale for varying tei'ms between 12-15 years aiid arc 5¢ciired by chai'ges oli freehold investment property owned by the Chai'itable Coinpany. Government asSlStaiic¢ was provided in 2021 in the fom of a bounce back loan of £35,000 pi'ovide(l at an interest rate of 2.50/0 over 6 years. Tl)is loan included a 12- month pei'iod iii which tl)e inteTest payable was ttovejed by tlie UK Governmeiit5 Business Interruption Payinent aiid no capital repayments were Inade during this pcriod. 14. RELATED PARTY DISCLOSURES No Trustee received any remuneration from the Charitable Company in the current or preceding period. Key management pei'sonnel i'eceived £8.300 (2024.. £8,000) for admii)islralioii siipport provided to tlie Charitable Company in tlie pei'iod. Key managein¢nt persoiinel paid £NIL (2024.. £3,000) to thc Charity for the piirchase of legacy items bequeathed io the Charity. Interest on a loan made to the Charitable Company by key management personal was charged at 50/0 amounting to £NIL {2Q24- £2,679). As at 31" July 2025 Loan and inteiest due to key management pei'sonal amoui)t to £NIL (2024.. £931). Dui'ing the yeai., R M HoTwood 2 Triistee was I'eimbursed £6,684 (2024- £6,606) by payment to a third party for legal and professional sei'vices pi'ovided to the Charitable Coinpany. Diii'ing the year, D C OsLx)m a Trustee paid £NIL {2024.' £2,434) to the Charity for the purchase of goods included in oti)er investments. Dui'ing the year Rental iiicome received of £20,000 (2024.. £20,000}. Legacy income received £640 (2024.. £320) and payment of £1,440 (2024.. £1,500) for administration gupport, were made to Mode Lightiiig l.imited an ei)tity in wl)ich A C Hayllar, a Ti'ustee, has significant influeiice. Page 15
THE TAPPENDEN CHARITY (A Charitd?ble Company Limited by Gu41'Anlee) {Compaiiy NiimbLr.' 05892698) NOTES TO 'fFIL IIINANCIAJ, S'I'A'rri,Mfi,IYTS FOII THE yfi AR fi NDF.D 31st JULY 2025 15. OPCI RATING LEI ASE COMMITMENTS RECEIVABLE 31.07.25 31.07.24 Not latei. tlian 01)e year Latei. than one year but not later tl)an five yea13 62,027 55,360 72,027 110,720 117 387 182747 Page 16