**THE TABOR CHARITABLE TRUST REPORT AND UNAUDITED ACCOUNTS**
**FOR YEAR ENDED 5 APRIL 2024**
**Charity Registration No: 1161370**
## **THE TABOR CHARITABLE TRUST**
## **UNAUDITED TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 5 APRIL 2024**
The Trustees present their report and accounts of the charity for the year ended 5 April 2024.
## **Reference and administrative details of the charity**
The full name of the charity is The Tabor Charitable Trust, charity registration number 1161370.
## **Trustees**
The following people have acted as Trustees of the charity during the year:
## **The principal address of the charity is:**
Mr Robert Tabor Mr Robert West Mrs Jessica Lyons 22 Broomy Hill Hereford HR4 0LH
## **Professional Advisors**
**Bankers:**
Barclays Bank PLC 1-3 Broad Street Hereford HR4 9BH
## **Structure, Governance and Management**
## **Status and constitution**
The Tabor Charitable Trust is governed by the Trust Deed of 7 January 2015.
## **Recruitment and appointment of Trustees**
There is no current requirement for additional Trustees. Suitable Trustees are appointed when a vacancy arises.
## **Objectives and activities**
The charity was created by the Trust Deed on 7 January 2015. The Trustees shall hold the capital and income of the Trust Fund upon trust to apply, in any part of the world, the income, and all or such part or parts of the capital, at such time or times and in such manner to, or for the benefit of, such exclusively charitable objects and purposes as the Trustess may in their discretion think fit, provided that no part of the proposed property and funds of the charity may be used for the benefit of the first Trustees or any spouse or civil partner of the first Trustees.
Donations have been made to a variety of causes and charities that the Trustees wish, at their discretion, to support. Donations are made in favour of projects in education, special needs, development of young people through sporting and other activities, medical research and commitment to local community and local community projects. Priority is given to projects in Herefordshire and Monmouthshire.
## **Achievements and performance**
The Trustees believe that the objectives of the charity have been fulfilled during the year and will continue to operate in this manner for the forseeable future.
The Trustees consider the performance of the charity for the current year to have been satisfactory.
## **Financial review**
The results for the year show net receipts of £42,807 (2023 - £140,832). During the year charitable donations of £52,160 (2023 - £40,160) have been made.
1
THE TryOR CHARITABLE TRUST
UNAUDITED TRUSTEES. ANNUAL REPORT (coKfiNUED>
FOR THE YEAR ENDED 5 APRIL 2024
Reserves policy
It is the policy of the Trustees to retain sufficient unrestricted fvnds to metst the day to day requirements of
the Charity and to enable the T.rystees EO make grants as they feel appropiiate.
The balan on the unrestriGted fund available is adequate to fvlfil the oblÈgatsons of the charity. The
balano ofthe unrestricted fund 8t the year end ivas £825.404
Trustèes. responsibilities
The Trustees are responsible for preparing the Trustees. Annual Report and the financtal ststements in
accordan with applicable law and United lfjngdom Accounting Standards {Unff£ed Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wale5 requires the Trustees to prepare financial stalements
for eaGh financial year which give a true and fair view of the stste of affairs of the charvy and of its incoming
resources and appliolion of reSoUS of the charity for that pert¢xI in preparing these financ1 staternents,
the TNstees are required to
select suitable accounting polictes and then apply them consistently.
make judgements and estimates Ihal are reasonable and pwdent.,
stale whether applir2ble accounting standards have been follcmed, subject to any material departures
disclosed and explained in the financ1 statements.
prepa the financial statements on the going Concern basis unle6S it ts inappropriale to presume that
the charity will continue in business.
The Trustees are resDon$ible for keeping proper accounting records that disclose with reasonable
accuracy at any lime the financial positson of the charity and enable them to ensure that the financial
statements compty 4th the Charities Aci 2011 and the Charity (Accounts and Reports) Regulations They
are also responsible for safeguarding the assets of the charity and hen for tsking reasonable sleps for
ihe prevention and delec:.ion of fraud and other irregularslies
Appro%ied by the Truslees and signed on their behalf by.
¢J,fv
Mr R Tabor
Mr R West
MrsJLy
Dale." 22 January 2025
## **THE TABOR CHARITABLE TRUST**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
## **FOR THE YEAR ENDED 5 APRIL 2024**
I report on the accounts of the charity for the year ended 5 April 2024, which are set out on pages 4 to 7. This report is made solely to the Trust’s Trustees, as a body, in accordance with Section 145 (1) of the Charities Act 2011. My work has been undertaken so that I might state to the Trustees those matters I am required to state to them in an independent examiner’s report, and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trust and the Trustees, as a body, for my work, for this report, or for the opinions I have formed.
## **Respective responsibilities of Trustees and Examiner**
The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is needed. It is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act;
- follow the procedures laid down in the general directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of independent Examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view”, as this report is limited to those matters set out in the statement below.
## **Independent Examiner’s statement**
In connection with my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records, and comply with the accounting requirements of the 2011 Act;
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
……………………………… M Howard FCA on behalf of Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX
Date: 31 January 2025
3
## **THE TABOR CHARITABLE TRUST**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 5 APRIL 2024**
|**Note**
**Incoming resources**
**Incoming resources from generated funds**
_Voluntary income_
Donations
Gift Aid
_Investment income_
**3**
**Total incoming resources**
**Resources expended**
Charitable activities
**5**
**Total resources expended**
**Net incoming resources**
Net gain/(loss) on investments
**4**
**Reconciliation of funds**
Balances brought forward
Cash funds carried forward|**2024**
**2023**
**£**
**£**
25,342
117,021
2,500
-
14,965
23,811
42,807
140,832
57,828
50,116
(57,828)
(50,116)
(15,021)
90,716
90,266
(14,126)
75,245
76,590
750,159
673,569
825,404
750,159
**Unrestricted**
**Funds**|**2024**
**2023**
**£**
**£**
25,342
117,021
2,500
-
14,965
23,811
42,807
140,832
57,828
50,116
(57,828)
(50,116)
(15,021)
90,716
90,266
(14,126)
75,245
76,590
750,159
673,569
825,404
750,159
**Unrestricted**
**Funds**|
|---|---|---|
|||140,832|
|||50,116|
|||(50,116)|
|||90,716
(14,126)|
|||76,590
673,569|
|||750,159|
The notes on pages 6 - 7 form part of these accounts. The Statement of Financial Activities includes all gains and losses in the year. All activities are classed as continuing.
4
THE TABOR CHARITABLE TRUST
STATEMENT OF ASSETS AND LIABILITES
FOR THE YEAR ENDED S APRIL 2024
Total
Funds
2024
Total
Funds
2023
Non Current assets
Fixed assel investments
10
808,001
731.544
Current assets
Cash at bank and In hand
- Barclays 9093
Barclays 0073
Inveslec
Debtors: amounts falling duowithln one year
4,884
13,128
10.212
3.066
7,306
2,500
20.512
20,584
Creditors: amounts fallln¢due within one yèar
Accruals
Dealing account
(2.130)
1979)
{3,109)
825.404
(990)
1979
11,969
750.159
Net current assets
Net assets
825.404
750,159
Represented by:
Accumuiated fvnd
825.404
750,159
The accounts on pa
and signed ¢n th
es 4 - 7 ere approved by the Trusteès and authonsed for issue on ..................
eh
Mr R Tabo
Mr R Wesl
sJ.L
Date 22 January 2025
## **THE TABOR CHARITABLE TRUST**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 5 APRIL 2024**
## **1 Principal accounting policies**
## **Basis of accounting**
The accounts have been prepared under the historical cost convention, as modified by the inclusion of investments at market value, adopting the following principal accounting policies, all of which are in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Charities Act 2011.
## **Incoming resources**
Income is recognised in the period when the charity is entitled to receipt and the amount can be measured with reasonable certainty. The charity's income and surplus were derived from continuing operations during the current period. No operations have been acquired or discontinued during the period.
## **Resources expended**
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is included on the accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of charitable activities include direct operational costs and an apportionment of overhead and support costs, as shown in note 4.
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.
## **Funds accounting**
Funds held by the charity are:-
_**Unrestricted general funds**_ - these can be used in accordance with the charitable objects at the discretion of the Trustees.
## **Investments**
Investments listed on a recognised stock exchange are stated at market value in the balance sheet. All movements in value arising from changes and revaluations are included in the Statement of Financial Activities. Unlisted investments are shown at cost unless there is a permanent diminution in value.
## **2 Capital commitments**
There were no capital commitments during the current or previous year.
## **3**
- **4**
|**Investment income**
Bank interest
Dividends
Profit/(loss) on disposal of fixed asset investments
Profit/(loss) on foreign exchange
**Net gains on investments**
Revaluation gain/(loss)|**2024**
**£**
453
4,235
10,442
(165)
14,965
**2024**
**£**
90,266|**2023**
**£**
414
10,023
13,374
-|
|---|---|---|
|||23,811|
|||**2023**
**£**
(14,126)|
6
## **THE TABOR CHARITABLE TRUST**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 5 APRIL 2024**
## **(continued)**
|**5**|**Charitable activities**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||Grants awarded - Appendix 1|52,160|40,160|
||Meeting and administration expenses|990|1,684|
||Accountancy|2,997|1,806|
||Independent Examiner remuneration|321|264|
||Management expenses|1,360|6,198|
||Bank charges|-|4|
|||57,828|50,116|
|**6**|**Net incoming resources for the year**|||
||This is stated after charging:|**2024**|**2023**|
|||**£**|**£**|
||Accountant's remuneration|2,997
|1,806|
||Independent Examiner's remuneration|321
|264|
|||3,318
|2,070|
|**7**|**Taxation**|||
||The company is a registered charity and as such is not generally liable to taxation on||its income|
||or capital gains.|||
|**8**|**Debtors: Amounts falling due within one year**|**2024**|**2023**|
|||**£**|**£**|
||Gift Aid|2,500|-|
|**9**|**Creditors: Amounts falling due within one year**|**2024**|**2023**|
|||**£**|**£**|
||Accruals|2,130|990|
||Dealing account|979|979|
|||3,109|1,969|
|**10**|**Fixed asset investments**|||
||||**£**|
||As at 6 April 2023||731,544|
||Additions||821,458|
||Revaluation||90,266|
||Disposals||(835,267)|
||As at 5 April 2024||808,001|
7
**THE TABOR CHARITABLE TRUST**
**Appendix 1**
## **GRANTS AWARDED**
## **FOR THE YEAR ENDED 5 APRIL 2024**
|**Date**
28/06/2023
13/09/2023
24/10/2023
31/10/2023
01/11/2023
26/01/2024|**£ Payee**
1,000
Starr in the Community
1,000
Monmouth Male Voice Choir
14,160
Hereford Cathedral School
15,000
HCPT
10,000
NMITE
11,000
HCPT
52,160|
|---|---|