REGISTERED CHARITY NUMBER: 1138518 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 FOR TAYLOR FAMILY 2010 CHARITA8LE TRUST LDP Luckmans 1110 Ellioll Court Coventry Business Park Herdlé Avenue Coventry West Midlands CV5 6UB
TAYLOR FAMILY 2010 CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS for th• yoar •ndod 5 Aprll 2024 Pago Report of Ihe Tru8te•s Ind•pond•nl Examlnarf8 Roport 8tat•m•nt of Flnanclal Actlvltl•s Balance Shaet Note8 to th• FlnanGlal Statemonl8
TAYLOR FAMILY 2010 CHARITABLE TRUST REPORT OF THE TRUSTEES forthe year èrMl•d 5 April 2024 The tmstees pre8Ènt their report with the financial staternenls of the charity for the year ended 5 April 2024. The Iruslees have adopted the provisions of Accounting and Reporkn"ng by Charib"es". Ststement of Recommended Practice applicable to charities preparing their accounts in 8ccordance with the Flnancial Repothng Standard applicable in the UK and Republic of Iroland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND AGTNSTIES Oblg¢tlvg5 and almg The trustees must apply the income of the Charity in furthering the following otfj'ect8.'- The promsion of grants to indiwduals andlor chartties as 8 means of.. al preventing or relieving poverty., bl advancing education., cl advancing health or saving of lives., dl advancing citizenship or communty deveFopment'. el advancing the arts. cultu, heritage or Saen., n advancing environmentsl protection or Improvement., gi wlleving thos8 in ne8d, by reason of youth. age, 111-heallh, dlsablllty, financ181 hardship or othèr disadvantage. The trustees alm lo achieve an a(fv•ncerngnt In 811 their obleclive areas. Slgnlllcant activiti88 During the year, the tDJstees loc4( conseratIon of maklng grant$ and made awar(Is Ihgt they conSkred appropriate again81 the oblectlves of the chadty. Publlc bgnefit Trustees have had regard to guldance publlshed by the Charlty Commission on public beneffit. ACHIEVEMENT AND PERFORMANCE Charltsble activiti•8 During the year, the charlty mBde the followl¥j grants'.- £124,368 Imperial College London £300 Feldon Dunsmore Sulicrtors FINAMCIAL REVIEW ReseThè$ pollcy The trustee8 have unreslricled and free lunds of £5,846,425 1¢h Ihey wll use for the objects of the charty In future years. il is the intention ol the trustees to use the free reserves for chari(able purposes as 800n 88 approprfj8le grant maklng opportunllles arise. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documenl The charity is controlled by its goveming document, a deod of tru81 and congliluies an unincorpor8tgd charity. RKrnltm•nt and *ppointmont of ngw tru8te•s Trustees are appointed by the Taylor Family, and a made awore of Ihg tharitable purpose ofthe chaTrty. REFERENCE AND ADMINISTRATIVE DETAILS R8glstorod Chartty numb•r 1138518 Pflnclpal ad(tr0s8 Leafield Estate Strattord Road Warwck Warwckshire CV34 6RA Page 1
TAYLOR FAMILY 2010 CHARITABLE TRUST REPORT OF THE TRUSTEES for the year ended S Aprll 2024 Mr8 S Tayk)r MJTay C J Taylor Ind•pend•nt Examlnor LDP Luckmans 1110 EIIN>lt Court Cov•ntry Busin8 Park Herald Avanue Cov8nlry Wost Mldland8 CV5 6UB roved by ord8r ofth8 b 6 on 4 February 2025 arKI 81gn&J on its behowby.. C J Taylor. TrL*• Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TAYLOR FAMILY 2010 CHARITABLE TRUST Independont examinorfs rnport to th8 trustees of Taylor Famity 2010 Charitable Truyt I report to the charity trustees on my examination of the attounts of Taylor Family 2010 Charitable Trust (the TNstl for Ihe y8ar ended 5 Awl 2024. Re5porYsibilities and basis of report As the chanty INslees of the Trust you are spOnSible lor the FKeparation of the accounts in accordance With the requirements ol the Charib'es Aci 2011 Ilhe Arti. I rel in respect ol my examlnafjon of the Trust's 8ccvunts carried out under Section 145 of the Act and in carying out my examination I have followed all appllcablè DlreclSon$ given by the Charity convnlssn under Section 145151{b) of the Act. Indendent oxamlnerfs 8tatsmont I have completed my examination. l o)nfirm that no materlal matter¥ have come to my attention in connedon th the examinabon giving me cause to lIeVe th81 in any Tnalerial respect.. aGwunling records were not kept in reypect of the Trust as required by Section 130 of the Act., or Ihe accounts do not accord wilh those records," or Ihe 8ccounts do not comply with the applicable requirements corKeming the forni content of accounts set out in the Charities IAccoun19 and Reports) Regulafjons 2008 other than any requirement Ihat the accounts glve a true and fair vlew which is not a matter considered as part of an independent examinakn'on. I have no conGgrns and have come xr088 no other mattèrs In connection with the examinatlon to which attention should be dravm in this rèport in tsrder to 8nablo a proper understanding of th8 accounts lo bè reached. M D Spafford LDP Luckm8n8 1110 Elllott Court Coventy Buslne88 Park erald Avenue Covenby Wesl Midlands CV5 SUB 4 Febwary 2025 Page 3
TAYLOR FAMILY 2010 CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES for the year ended 5 April 2024 2024 Unlestred fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Investment Inrne 197,042 EXPENDITURE ON Ral$lng funds 7,558 Charltablo actlvlti Grants lo other char41ies 126,486 492,140 Other 1,022 Totsl 135,066 492.140 Nel galns on Investrnenls 306,390 NET INCOMEI{EXPENDITURE) 368,366 (492,1401 RECONCILIATION OF FUNDS Total funds brought forward 5,478,059 5,970,199 TOTAL FUNDS CARRIED FORWARD 5,846.425 5,478,059 The notes form part of these fInarla1 slalements Page 4
TAYLOR FAMILY 2010 CHARITABLE TRUST BALANCE SHEET 8 Aprfl 2024 2024 Unrestrfted fund 2023 Tot81 funds Note FIXED ASSErs Investmants 3,991.522 CURRENTASSETS Cash at bgnk 1.855.803 S.478.959 CREDITORS Amounts faliro due within on& year 19001 NEf CURRENTASSETS 1,854,903 5.478,059 TOTAL ASSETS LESS CURRENT UABILMES 5.848.425 5,478,059 ASSET8 5,848,42S 5,478,059 FUNDS UnroBlrthJ fuTrd# 6,848,425 5.478,OS9 TOTAL FUNDS 5,846,425 5,478,059 The financlal slalemènts w•re approved by th• B¢4rd of Truot•eJ and autlv)rfJed for 188U• ¢xs 4 February 2025 signed on tt• behalf by.. C J Tayl¢x- Tfu The notes form part oflhase flnancAal Statements Pap5
TAYLOR FAMILY 2010 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2024 ACCOUNTING POLICIES Basis of préparing tho finan¢ial statomonts The financial statements of the charity, which 15 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard applirAble in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, wilh the exception of investments which are included al market value, as modified by the revaluation of certain assets. Income All income is recogni$ed in the Statement of Finan¢ial Activities orrA the charity has entlllemenl lo the fundg. 1118 probate that the income w611 be received ané the amount Can be measured rellably. Exp8nditure Liabilities are recognised as expenditure as soon as there is a legal or conslrucllve obligallon eommltting the Gharily to that expenditure, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measur8d reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular he8dings they have been allocated to activlties on a basis consislenl with the use of resources. Grants offered subleot lo ¢onéilions which hav8 not been m8t al the year end dal8 are noted as commllment but not accrued as expenditure. Taxatlon The charlly is exempl from tax on118 charitable actlvilles. Fund accountlng Unreslricled funds can be used In 8ccordance wllh the charltable objectives al the d18crellon of the trustees. Reslricled funds can only be used for p8rtScular reslricled purposes wllhin the objects of the charity. Reslriclions arise when specified by the donor or when funds are raiged for particular reslricled purposes. Further explanation of Ihe nature and pvrp05e of each fund is included in the note5 to the financial slalements. Investments InveslTnenlg a ¢arried al market value a5 al the balance sheol date. INVESTMENT INCOME 2024 2023 Inlerest-pDrtFolio Investment Income-dividends Deposit a(Unt inter851 77.536 13,473 106,033 197,042 Page 6 continued...
TAYLOR FAMILY 2010 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued for the year •nd•d 5 Aprll 2024 RAISING FUNDS Invoslment management costs 2024 2023 Portfolio management 7,558 TRUSTEES, REMUNERATION AND BENEFrrs There Were no trustees, remuneratson or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023. Tru•ta•A' èxpen8a8 There were no trustees, expènses paid for the year en(ied 5 April 2024 nor for the year ended 5 April 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled fund EXPENDITURE ON Charitablo aGtivities Grants lo other charities 492,140 NET INCOMEI{EXPENDITUREI 1492,140) RECONCILIATION OF FUNDS Total funds brought forward 5,970,199 TOTAL FUNDS CARRIED FORWARO 5,478,059 FIXED ASSET INVESTMENTS Listed Investments MARKET VALUE Additions Di¥po5al$ Revaluations Equallsation 3,828,183 1144,905) 309,327 {1,083) At 5 April 2024 3,991,522 NET BOOK VALUE At 5 April 2024 3.991.522 At 5 April 2023 Page 7 continued...
TAYLOR FAMILY 2010 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued for the yèar ended 5 Aprll 2024 FIXED ASSET INVESTMENTS- continu•d Cost or valuation at 5 Aprll 20241s represented by.. Listed investments Valuation in 2024 Cost 308.244 3,683,278 3,991,522 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Oth&r cr8dilors 900 MOVEMENT IN FUNDS Nel movement In fund$ Al 5.4.24 Al 6.4.23 Unr•8trlctod fund8 General fund 5,478,059 3e8,366 5.846,425 TOTAL FUNDS 5,478,059 368,368 5.846.425 Net movement in funds, included In the above are a8 follows.. Incomlng resources Resources expended Galns and losses Movement In funds Unrnstrlcl•d fund• General fund 197.042 {135,0661 308.390 368,366 TOTAL FUNDS 197,042 {135,0661 306.390 368,366 Comparatlv•s for mov•m•nt In fund• Not movement in fvnds At 5.4.23 At 6.4.22 UnrnstriGt•d funds General fund 5,970,199 (492,1401 5,478,059 TOTAL FUNDS 5,970,199 (492,1401 5,478,059 Page 8 continued...
TAYLOR FAMILY 2010 CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued for th• year •nd•d 5 April 2024 MOVEMENT IN FUNDS - continued Comparatlve nel movement in fvnds, induded in the above are as follows.. Incoming sourGes Resources expended Movement In funds Unre8trlcted fund$ General fund (492,1401 {492.140) TOTAL FUNDS 1492,1401 1492,1401 RELATED PARTY DISCLOSURES There were no related party Iransa¢lions for the year ended 5 April 2024. Page 9