REGISTERED CHARITY NUMBER: 1138518
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
FOR
TAYLOR FAMILY 2010 CHARITABLE TRUST
LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV5 6UB
TAYLOR FAMILY 2010 CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 5 April 2025
| Page | ||
|---|---|---|
| Report of the Trustees | 1 to | 2 |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 to | 9 |
TAYLOR FAMILY 2010 CHARITABLE TRUST
REPORT OF THE TRUSTEES for the year ended 5 April 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement 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 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees must apply the income of the Charity in furthering the following objects:-
The provision of grants to individuals and/or charities as a means of:
a) preventing or relieving poverty;
-
b) advancing education;
-
c) advancing health or saving of lives;
d) advancing citizenship or community development;
e) advancing the arts, culture, heritage or science;
f) advancing environmental protection or improvement;
g) relieving those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage.
The trustees aim to achieve an advancement in all their objective areas.
Significant activities
During the year, the trustees took consideration of making grants and made awards that they considered appropriate against the objectives of the charity.
Public benefit
The Trustees have had regard to guidance published by the Charity Commission on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year, the charity made the following grants:-
£77,500 Individuals £155,460 Imperial College London £400,000 Multiple Sclerosis £20,000 Nehemiah Project £15,287 Pursuit of Excellence
FINANCIAL REVIEW
Reserves policy
The trustees have unrestricted and free funds of £5,072,111 which they will use for the objects of the charity in future years. it is the intention of the trustees to use the free reserves for charitable purposes as soon as appropriate grant making opportunities arise.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Trustees are appointed by the Taylor Family, and are made aware of the charitable purpose of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1138518
Page 1
TAYLOR FAMILY 2010 CHARITABLE TRUST
REPORT OF THE TRUSTEES for the year ended 5 April 2025
Principal address Leafield Estate Stratford Road Warwick Warwickshire CV34 6RA
Trustees
Mrs S Taylor M J Taylor C J Taylor
Independent Examiner
LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV5 6UB
Approved by order of the board of trustees on 4 February 2026 and signed on its behalf by:
C J Taylor - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TAYLOR FAMILY 2010 CHARITABLE TRUST
Independent examiner's report to the trustees of Taylor Family 2010 Charitable Trust
I report to the charity trustees on my examination of the accounts of Taylor Family 2010 Charitable Trust (the Trust) for the year ended 5 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M D Spafford FCA FCCA
LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV5 6UB
4 February 2026
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TAYLOR FAMILY 2010 CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 5 April 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Raising funds 3 Charitable activities Grants to other charities Other Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 Unrestricted fund £ 50,000 104,059 154,059 36,922 670,617 - 707,539 (220,834) (774,314) 5,846,425 5,072,111 |
2024 Total funds £ - 197,042 |
|---|---|---|
| 197,042 | ||
| 7,558 126,486 1,022 |
||
| 135,066 | ||
| 306,390 | ||
| 368,366 5,478,059 |
||
| 5,846,425 |
The notes form part of these financial statements
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TAYLOR FAMILY 2010 CHARITABLE TRUST
BALANCE SHEET 5 April 2025
| Notes FIXED ASSETS Investments 6 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
2025 Unrestricted fund £ 4,031,010 1,042,000 (899) 1,041,101 5,072,111 5,072,111 5,072,111 5,072,111 |
2024 Total funds £ 3,991,522 1,855,803 (900) 1,854,903 5,846,425 5,846,425 5,846,425 5,846,425 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 4 February 2026 and were signed on its behalf by:
C J Taylor - Trustee
The notes form part of these financial statements
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TAYLOR FAMILY 2010 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement 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 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Investments are carried at market value as at the balance sheet date.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| Interest-portfolio Investment Income-dividends Deposit account interest |
2025 £ 14,973 60,059 29,027 104,059 |
2024 £ 77,536 13,473 106,033 |
| 197,042 |
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TAYLOR FAMILY 2010 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 5 April 2025
3. RAISING FUNDS
Investment management costs
| Investment management costs | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Portfolio management | 36,922 | 7,558 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Raising funds Charitable activities Grants to other charities Other Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 197,042 7,558 126,486 1,022 135,066 306,390 368,366 5,478,059 5,846,425 |
|---|---|
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TAYLOR FAMILY 2010 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 5 April 2025
6. FIXED ASSET INVESTMENTS
| MARKET VALUE At 6 April 2024 Additions Disposals Revaluations Equalisation At 5 April 2025 NET BOOK VALUE At 5 April 2025 At 5 April 2024 . Cost or valuation at 5 April 2025 is represented by: Valuation in 2024 Valuation in 2025 Cost 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS At 6.4.24 £ Unrestricted funds General fund 5,846,425 TOTAL FUNDS 5,846,425 |
2025 £ 899 Net movement in funds £ (774,314) (774,314) |
Listed investments £ 3,991,522 3,031,526 (2,600,484) (387,879) (3,675) 4,031,010 4,031,010 3,991,522 Listed investments £ 308,244 (387,879) 4,110,645 4,031,010 2024 £ 900 At 5.4.25 £ 5,072,111 5,072,111 |
|---|---|---|
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TAYLOR FAMILY 2010 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 5 April 2025
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 154,059 154,059 |
Resources expended £ (707,539) (707,539) |
Gains and Movement losses in funds £ £ (220,834) (774,314) (220,834) (774,314) |
|---|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included Unrestricted funds General fund TOTAL FUNDS |
in the above Incoming resources £ 197,042 197,042 |
At 6.4.23 £ 5,478,059 5,478,059 are as follows: Resources expended £ (135,066) (135,066) |
Net movement in funds £ 368,366 368,366 Gains and losses £ 306,390 306,390 |
At 5.4.24 £ 5,846,425 5,846,425 Movement in funds £ 368,366 368,366 |
|
|---|---|---|---|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025.
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