Charity Registration No. 1158174
TAYLOR MADE DREAMS
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2022
TAYLOR MADE DREAMS LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Chief Executive
Charity number
Principal address
Independent Examiners
Bankers
A Davis (Chair) K Roberts C Lawrence N Shaw R Harvey (appointed 15 December 2021) S Mitchell 1158174 8 Sherlock Shaw Crowborough East Sussex TN6 2FN TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Lloyds Bank plc 82 Mount Pleasant Road Tunbridge Wells, Kent TN1 1RP
TAYLOR MADE DREAMS
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 – 3 |
| Independent examiner’s report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 - 13 |
TAYLOR MADE DREAMS
TRUSTEES’ REPORT
FOR THE YEAR ENDED 30 APRIL 2022
The Trustees present their Annual report, together with the financial statements for Taylor Made Dreams for the year to 30 April 2022.
The accounts comply with the Charities Act 2011, and 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 2015).
Structure, Governance & Management
The organisation’s charitable aims and objectives are set out in its constitution, agreed by the Board of Trustees on the 8[th] August 2014. The charity was registered with the Charity Commission on the 8[th] August 2014 (Charity number 1158174).
The trustees meet regularly to discuss matters relating to governance, financial administration, business strategy, operational management and fundraising.
Induction and training of new trustees
All staff, volunteers, and trustees undergo a formal recruiting and selection process, followed by an induction period that includes any training considered necessary to effectively perform their role.
Organisational structure
Since 1 May 2021, the Board of Trustees consisted of the following individuals:
K Roberts C Lawrence N Shaw A Davis R Harvey Appointed 15 December 2021
The Board members come from a wide variety of backgrounds and possess skills that are relevant to the work of the organisation.
The following individuals are honorary patrons of the charity:
S Armstrong J Bishop
The Chief Executive Officer (CEO) is responsible for running day to day operations, including service delivery, fundraising and the development of new services.
Risk management
The Board of Trustees holds overall responsibility for Risk Management for the organisation and has conducted a review of the major risks to which the organisation is exposed. Consequently and where appropriate, systems or procedures have been established to manage the risks that the Charity faces.
Objectives & Activities
Taylor Made Dreams aim to add some light in the darkest of times and to enable families to experience quality time together when it is, sadly, all too short.
Our vision is that children with life limiting illnesses have the opportunity to fulfil their dreams through an individual ‘bucket list’ of wishes. Children and families will also have access to support services provided by trained therapeutic professionals. These services would be provided through the Taylor Made Dreams Therapy Service where possible, and specialised therapists would be sourced, and financially funded, as an alternative if it is regarded beneficial to the children and their families (reflexology, holistic massages etc).
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TAYLOR MADE DREAMS
TRUSTEES’ REPORT
FOR THE YEAR ENDED 30 APRIL 2022
Our objective is to enable children and their families to experience unique quality times together and provide opportunities which may not be possible without financial, emotional an organisational support.
“They call today the present because it’s such a gift” - Ogden Nash
Activities
During 2021/2022, Taylor Made Dreams have continued to develop strong and effective working referral partnerships with well-established children’s palliative care organisations. We aim to increase these referral pathways across the South East of England over the next three years in alignment with our business plan. Our present referral pathways have resulted in a consistent and steady stream of referrals who benefit from the services provided by Taylor Made Dreams.
To date, the charity has met the ‘bucket list’ wishes of 138 individual children with life limiting illnesses since registration, this amounts to over 2,000 individuals ‘bucket list items’ as each child on average receives at least ten, sometimes more, depending on their individual bucket lists.
Towards the end of the financial year, we saw referrals increase due to the cost-of-living crisis, families who would not normally accept charitable support were now open to support due to challenging economic times. Taylor Made Dreams remains committed to increasing public benefit and impact and in meeting the needs of more terminally ill children and families. With this in mind, Taylor Made Dreams commissioned the creation of the Taylor Made Dreams Hub, to create a ‘Gift & Services’ style aggregator to help families and professionals supporting children with life limiting illnesses to gain the support they need in an easy and accessible way. Studio44 who are one of the charity’s sponsors are heading up the project in collaboration with a local cohort of sixth form student from Beacon Academy, the students will be populating the website as part of their enrichment programme.
As the pandemic appeared to ease, we, like many charities continued to experience a decrease in community and individual charitable income, we continued to adapt and be agile in our thinking to support uncertain economic times. We continued to commission the services of a Fundraising Consultant to support the charity, developed new ways of giving and also employed a Trainee Fundraiser to promote existing and new income generation opportunities.
The board would like to express their sincere thanks to everyone, every business and grant/trust foundation for their incredible support in 2021/2022, we couldn’t do what we do without you.
Public Benefit
In accordance with our duties as stated in section 17(5) of the 2011 Charities Act, we have considered the guidance provided by the Charity Commission in regard to public benefit. This public benefit has been demonstrated by the activities undertaken since the inception of the charity outlined in the ‘Activities’ section above.
Financial Review
As at 30 April 2022, the charity held reserves of £404,413 (2021: £336,331) consisting of unrestricted funds totalling £227,413 (2021: £159,331), designated funds of £170,000 (2021: £170,000) and restricted funds of £7,000 (2021: £7,000).
The designated fund was created in order to set aside funds towards the Taylor Made Dreams Centre, in line with the charity’s long term vision.
Total income received amounted to £278,665 (2021: £169,951) including £214,508 (2021: £125,833) by way of gifts and donations and £63,796 (2021: £43,670) by way of grants. Total expenditure equalled £210,583 (2021: £120,565). £185,497 (2021: £117,814) of this figure was on the delivery of charitable activities and £25,086 (2021: £2,751) on fundraising costs.
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TAYLOR MADE DREAMS
TRUSTEES’ REPORT
FOR THE YEAR ENDED 30 APRIL 2022
Reserves policy
The trustees have examined the charity’s requirements for reserves in light of the main risks facing the organisation. The charity’s reserves policy is such that the charity should hold minimum undesignated free reserves of £56,000 (equal to three months operating expenditure plus estimated costs of restructure should it be necessary). The charity’s undesignated free reserves at the 30 April 2022 were £223,854 (2021: £159,331). The trustees therefore consider the charity to be operating within the set reserves policy.
Future Plans
We continue to plan for our future vision, a dedicated Taylor Made Dreams Centre where families can come and receive holistic therapy, counselling sessions, and enjoy a warm welcoming environment where families can meet and have their needs met. The centre will also provide space for the growth of the charity and provide a venue for fundraising activities.
Trustees’ responsibilities in relation to the accounts
The Charities Act 2011 requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that year.
In preparing these accounts, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the board on 28 February 2023
Signed on behalf of the board of trustees
…………………………………… A Davis Trustee (Chair)
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TAYLOR MADE DREAMS
INDEPENDENT EXAMINER’S REPORT
TO THE MEMBERS OF TAYLOR MADE DREAMS
Independent examiner’s report to the trustees of Taylor Made Dreams
I report to the trustees on my examination of the accounts of Taylor Made Dreams for the year ended 30 April 2022.
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 accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since the Charities gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.
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:
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(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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(2) the accounts do not accord with those records; or
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(3) 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.
Mr Mark Cummins FCCA FCIE for and on behalf of TC Group
The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Dated: 28th February 2023
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TAYLOR MADE DREAMS STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 2022
| Designated | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | funds | Funds | funds | 2022 | 2021 | |
| Income from: | £ | £ | £ | £ | ||
| Donations and grants | 4 | - | 221,508 | 56,796 | 278,304 | 169,503 |
| Financial activities - interest | - | 361 | - | 361 | 448 | |
| ─────── | ──────── | ─────── | ─────── | ─────── | ||
| Total income | - | 221,869 | 56,796 | 278,665 | 169,951 | |
| ─────── | ──────── | ─────── | ─────── | ─────── | ||
| Expenditure on: | ||||||
| Raising funds: | ||||||
| Fundraising | - | 24,086 | 1,000 | 25,086 | 2,751 | |
| Charitable activities | ||||||
| Charitable Projects | - | 129,701 | 55,796 | 185,497 | 117,814 | |
| ─────── | ─────── | ─────── | ─────── | |||
| ──────── | ||||||
| Total expenditure | 5 | - | 153,787 | 56,796 | 210,583 | 120,565 |
| ─────── | ─────── | ─────── | ─────── | |||
| ──────── | ||||||
| Net movement in funds | - | 68,082 | - | 68,082 | 49,386 | |
| ═══════ | ═══════ | ═══════ | ═══════ | |||
| ════════ | ||||||
| Reconciliation of funds | ||||||
| Total funds brought forward | 170,000 | 159,331 | 7,000 | 336,331 | 286,945 | |
| ─────── | ─────── | ─────── | ─────── | |||
| ──────── | ||||||
| Total funds carried forward | 13 | 170,000 | 227,413 | 7,000 | 404,413 | 336,331 |
| ═══════ | ═══════ | ═══════ | ═══════ | |||
| ════════ |
There are no recognised gains or losses other than those reported on the Statement of Financial Activities. All activities are classed as continuing.
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TAYLOR MADE DREAMS
BALANCE SHEET
AS AT 30 APRIL 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 9 | 3,559 | - | ||
| Current assets | |||||
| Cash at bank and in hand | 403,288 | 338,752 | |||
| ──────── | ──────── | ||||
| 403,288 | 338,752 | ||||
| Creditors: amounts falling due | |||||
| within one year | 10 | (2,434) | (2,421) | ||
| ──────── | ──────── | ||||
| Net current assets | 400,854 | 336,331 | |||
| ─────── | |||||
| ──────── | |||||
| Total assets less current liabilities | 404,413 | 336,331 | |||
| ─────── | |||||
| ──────── | |||||
| Net assets | 404,413 | 336,331 | |||
| ═══════ | |||||
| ════════ | |||||
| The funds of the charity | |||||
| Unrestricted funds | 227,413 | 159,331 | |||
| Designated funds | 12 | 170,000 | 170,000 | ||
| Restricted funds | 11 | 7,000 | 7,000 | ||
| ─────── | |||||
| ──────── | |||||
| 404,413 | 336,331 | ||||
| ═══════ | |||||
| ════════ |
The accounts were approved by the Board on 28 February 2023
..............................
A Davis Trustee (Chair)
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TAYLOR MADE DREAMS
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2022
1 Accounting policies
1.1 Basis of preparation
The accounts have been prepared in accordance with 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 2015) – (Charities SORP (FRS 102)) and the Charities Act 2011.
Taylor Made Dreams meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no material uncertainties about Taylor Made Dreams’ ability to continue as a going concern.
The functional currency of the charity is pounds sterling. Items are rounded to the nearest pound.
1.2 Cash Flow Statement
In accordance with Section 7 of FRS 102 the charity is claiming exemption from the requirement to prepare a cash flow statement on account of its size.
1.3 Income
Donations and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement.
Grants are credited to the Statement of Financial Activities in the year in which they are receivable unless a grant is subject to donor imposed conditions that specify the time period in which the expenditure of the resources can take place; in which case they are deferred.
1.4 Expenditure
Expenditure is accounted for on an accruals basis with the irrecoverable element of VAT included with the item of expense to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
Governance costs (included within support costs) include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity. These are now included as support costs.
All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned based on estimated usage as a proportion of directly attributable expenditure.
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TAYLOR MADE DREAMS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2022
1 Accounting Policies
(continued)
1.5 Tangible fixed assets and depreciation
Tangible fixed assets are capitalised at cost and depreciated over their estimated useful economic life on a straight line basis as follows:
Asset category Annual rate Fixtures & Fittings 25% Motor vehicles 25% Office Equipment 10% Computer Equipment 50%
1.6
Fund accounting
Funds held by the charity are either:
Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees and which have not been designated for other purposes.
Designated funds – these funds are unrestricted funds which have been designated towards a specific purpose by trustees.
Restricted funds - these are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.
1.7 Taxation
As a charity, Taylor Made Dreams is exempt from tax on income and gains to the extent that these are applied to its charitable objects.
1.8 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
1.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments. The Trustees seek to use short term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.
1.10 Estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.
The trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.
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TAYLOR MADE DREAMS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2022
2 Trustee remuneration
All the trustees donate their time spent running the charity on a voluntary basis and do not receive any remuneration for their work as trustees.
3 Comparative funds – Statement of Financial Activities for the period ended 30 April 2021
| Designated | Unrestricted | Restricted | Total | |
|---|---|---|---|---|
| funds | funds | funds | 2021 | |
| Income from: | ||||
| Donations and grants | - | 156,033 | 13,470 | 169,503 |
| Financial activities | - | 448 | - | 448 |
| ─────── | ||||
| ──────── | ──────── | ──────── | ||
| Total income | - | 156,481 | 13,470 | 169,951 |
| ──────── | ──────── | ─────── | ──────── | |
| Expenditure on: | ||||
| Raising funds: | ||||
| Fundraising | - | 2,751 | - | 2,751 |
| Charitable activities: | ||||
| Charitable Projects | - | 104,344 | 13,470 | 117,814 |
| ──────── | ──────── | ─────── | ──────── | |
| Total expenditure: | - | 107,095 | 13,470 | 120,565 |
| ──────── | ──────── | ─────── | ──────── | |
| Net income and expenditure | - | 49,386 | - | 49,386 |
| Transfer between funds | - | 15,000 | (15,000) | - |
| ──────── | ──────── | ─────── | ──────── | |
| Net movement in funds | - | 64,386 | (15,000) | 49,386 |
| ════════ | ════════ | ═══════ | ════════ | |
| ═ | ||||
| Total funds brought forward | 170,000 | 94,945 | 22,000 | 286,945 |
| ──────── | ──────── | ─────── | ──────── | |
| ─ | ||||
| Total funds carried forward | 170,000 | 159,331 | 7,000 | 336,331 |
| ════════ | ════════ | ═══════ | ════════ | |
| Income from donations and grants | ||||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Donations and gifts | 214,508 | - | 214,508 | 125,833 |
| Grants | 7,000 | 56,796 | 63,796 | 43,670 |
| ─────── | ||||
| ──────── | ──────── | ──────── | ||
| 221,508 | 56,796 | 278,304 | 169,503 | |
| ════════ | ════════ | ═══════ | ════════ |
4 Income from donations and grants
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TAYLOR MADE DREAMS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2022
5 Expenditure
| Staff costs Depreciation Other costs Total 2022 £ £ £ £ Raising funds Fundraising - - 25,086 25,086 Charitable activities Charitable Projects 49,858 877 97,214 147,949 Support costs 26,847 - 10,701 37,548 ─────── ──────── ─────── ─────── Total 76,705 877 133,001 210,583 ═══════ ════════ ═══════ ═══════ Support costs 2022 £ Staff costs 26,847 Governance costs (independent examination) 3,373 Rent 5,482 Other 1,846 37,548 |
Total 2021 £ 2,751 94,918 22,896 ─────── 120,565 ═══════ 2021 £ 16,821 2,790 2,990 295 22,896 |
|---|---|
6 Support costs
7 Employees
Number of employees
The charity employed one employee during the year.
Employment costs
| Wages and salaries Social security costs Pension contributions |
2022 £ 70,125 2,875 3,705 76,705 |
2021 £ 46,676 325 1,058 |
|---|---|---|
| 48,059 |
There were no employees whose annual emoluments were £60,000 or more (2021: none).
The key management personnel of the charity comprise the trustees and the Chief Executive. The total employee benefits of key management personnel of the charity during the year were £52,737 (2021: £41,411).
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TAYLOR MADE DREAMS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2022
8 Trustees
During the year no trustees were reimbursed any expenditure (2021: none).
| 9 | Tangible fixed assets | |||||
|---|---|---|---|---|---|---|
| Fixtures & | Motor | Office | Computer | Total | ||
| Fittings | vehicles | Equipment | Equipment | |||
| £ | £ | £ | £ | £ | ||
| Cost | ||||||
| At 1 May 2021 | 788 | 18,195 | - | - | 18,983 | |
| Additions | 2,840 | 1,596 | 4,436 | |||
| ────── | ||||||
| ─────── | ─────── | ─────── | ─────── | |||
| As at 30 April 2022 | 788 | 18,195 | 2,840 | 1,596 | 23,419 | |
| ────── | ||||||
| ─────── | ─────── | ─────── | ─────── | |||
| Depreciation | ||||||
| At 1 May 2021 | 788 | 18,195 | - | - | 18,983 | |
| Charge for the year | - | - | 65 | 812 | 877 | |
| ────── | ||||||
| ─────── | ─────── | ─────── | ─────── | |||
| At 30 April 2022 | 788 | 18,195 | 65 | 812 | 19,860 | |
| ────── | ||||||
| ─────── | ─────── | ─────── | ─────── | |||
| Net book value | ||||||
| At 30 April 2022 | - | - | 2,775 | 784 | 3,559 | |
| ═══════ | ══════ | ═══════ | ═══════ | ═══════ | ||
| At 30 April 2021 | - | - | - | - | - | |
| ═══════ | ══════ | ═══════ | ═══════ | ═══════ | ||
| 10 | Creditors: amounts falling due within one year | 2022 | 2021 | |||
| £ | £ | |||||
| Accruals | 1,360 | 1,560 | ||||
| Trade creditors | 1,074 | 861 | ||||
| ────── | ||||||
| ─────── | ||||||
| 2,434 | 2,421 | |||||
| ══════ | ||||||
| ═══════ |
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TAYLOR MADE DREAMS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2022
11 Restricted funds
| Balance at 1 | Incoming | Resources | Transfers | Balance at | |
|---|---|---|---|---|---|
| May 2021 | resources | expended | between | 30 April | |
| funds | 2022 | ||||
| £ | £ | £ | £ | £ | |
| COVID-19 Fund | 7,000 | - | - | - | 7,000 |
| Grace Trust Fund | - | 1,000 | (1,000) | - | |
| Holistic Therapy | - | 2,996 | (2,996) | - | |
| Rank Foundation Fund | - | 25,000 | (25,000) | - | |
| Children in Kent | - | 5,000 | (5,000) | - | |
| Bucket List Fund | - | 5,000 | (5,000) | - | |
| Skyle Eye Tracker Fund | - | 4,800 | (4,800) | - | |
| General Fund | - | 13,000 | (13,000) | - | |
| ─────── | ─────── | ─────── | ─────── | ─────── | |
| 7,000 | 56,796 | (56,796) | - | 7,000 | |
| ═══════ | ═══════ | ═══════ | ═══════ | ══════ |
COVID-19 Fund - relates to income received specifically to fund Covid-19 support (including food hygiene packs).
Grace Trust Fund - represents grants received to cover fundraising cost support.
Holistic Therapy - represents a grant received for Holistic therapy and counselling.
Rank Foundation Fund - represents a grant received specifically to fund professional services and fundraiser salary.
Children in Kent - represents grants received to support bucket list wishes for disadvantaged children in Kent.
Bucket List Fund - represents grants received to support bucket list wishes for disadvantaged children in all supported counties.
Skyle Eye Tracker Fund - represents grants received to cover the cost of Skyle Eye Trackers. General Fund - represents grants received to cover all services provided to disadvantaged children.
12 Designated funds
| Balance at 1 | Incoming | Resources | Transfers | Balance at | |
|---|---|---|---|---|---|
| May 2021 | resources | expended | between | 30 April | |
| funds | 2022 | ||||
| £ | £ | £ | £ | £ | |
| Taylor Made Dreams Centre | 170,000 | - | - | - | 170,000 |
| ─────── | ─────── | ─────── | ─────── | ─────── | |
| 170,000 | - | - | - | 170,000 | |
| ═══════ | ═══════ | ═══════ | ═══════ | ══════ |
Included in designated funds is £170,000 for the future purchase of a leasehold property (the Taylor Made Dreams Centre) to support the future vision of the charity.
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TAYLOR MADE DREAMS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2022
| 13 | Analysis of net assets between funds | Designated | Unrestricted | Restricted | Total |
|---|---|---|---|---|---|
| funds | funds | funds | |||
| £ | £ | £ | £ | ||
| Fund balances at 30 April 2022 are represented | by:- | ||||
| Fixed Assets | - | 3,559 | - | 3,559 | |
| Current assets | 170,000 | 226,288 | 7,000 | 403,288 | |
| Creditors: amounts falling due within one year | - | (2,434) | - | (2,434) | |
| ────── | ────── | ────── | ────── | ||
| 170,000 | 227,413 | 7,000 | 404,413 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | ||
| Fund balances at 30 April 2021 are represented | by:- | ||||
| Current assets | 170,000 | 161,752 | 7,000 | 338,752 | |
| Creditors: amounts falling due within one year | - | (2,421) | - | (2,421) | |
| ─────── | ─────── | ─────── | ─────── | ||
| 170,000 | 159,331 | 7,000 | 336,331 | ||
| ═══════ | ═══════ | ═══════ | ═══════ |
14 Control
The charity is under the control of the Trustees.
15 Charity information
Taylor Made Dreams is a Charitable Incorporated Organisation registered in England and Wales. The charity’s registered number and registered office address can be found on the legal and administrative information page.
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