## **RICHARD TAYLOR’S EDUCATIONAL TRUST**
Registered Charity Number 1175607
**RICHARD TAYLOR’S EDUCATIONAL FOUNDATION BILTON YOUTH CENTRE FOUNDED 1785 FOUNDED 1966**
## **Trustees’ Annual Report for the period 1st January to 31st December 2024**
## **Section A**
## **Reference and Administration details**
**Charity Name - RICHARD TAYLOR’S EDUCATIONAL TRUST Other names the charity is known by:**
**RICHARD TAYLOR’S EDUCATIONAL FOUNDATION BILTON YOUTH CENTRE**
## **Registered charity numbers: 1175607 (and formerly 529568 and 529568-1)**
**Charity’s principal address:-** Richard Taylor Church of England Primary School, Bilton Lane, Harrogate, HG1 3DT
(For postal contact only)
## **Names of the Charity Trustees who managed the charity during the period for this report or when it was approved:**
Simon Paul Dowson - Chair and First Trustee September 2024 Felicity Janet Hildred - Clerk Alene Elizabeth Bloomfield Steven Paul Haslam Martin Wilson Helm - Treasurer April 2024 Clive Hodgeon Sheena Mary Hodgeon Kristian Jay Randall - Vice Chair Matthew Robert Scott
Resigned 10th Re-appointed 22nd
## **Advisers:**
**Solicitors** : Switalskis Solicitors, Cranbourne House, 36, Gracious Street, Knaresborough, HG5 8DS
**Accredited Energy Assessors** : Procters Commercial, Procters Property Ltd. Prospect House,
4a, George Street, Pocklington, York, YO42 2D
**Independent Examiners** : Lithgow Perkins LLP, Chartered Accountants, Crown Chambers,
Princes Street, Harrogate, HG1 1NJ
## **Section B Structure, Governance and Management**
## **Description of the Charity’s Trusts, governing documents and how it is constituted**
Richard Taylor’s Educational Trust (RTET) is a charitable incorporated organisation. Its Constitution, as amended on 11th November 2019, was approved by the Charity Commission. By reason of the formation of the CIO and under its Constitution RTET became the Trustee for the existing charities - Richard Taylor’s Educational Foundation (RTEF) and Bilton Youth Centre (BYC) which operate under their own schemes and hold the endowment.
The RTEF scheme dated 9th June 1966 has been amended by the Secretary of State for Education and, with the approval of the Charity Commission, extensively amended by a deed of amendment dated 18th October 2019. On 8th March 2019 BYC was granted a new scheme by the Charity Commission which further amended the provisions of the RTEF 1966 scheme. The merger of the two existing charities with the charitable incorporated organisation RTET was completed in January 2020. It has the charitable objects of its endowment charities.
## **Trustee selection method**
Under the Constitution the First Trustees of RTET were the existing Trustees of RTEF and BYC. At the time of the Annual Meeting in 2024 the only remaining First Trustee was the Rector of St John’s Bilton who vacated that post during 2024.
Following the reorganisation of the local government in 2023 the Trust was advised during 2024 that no nomination of a trustee by North Yorkshire Council would be made in future. The possibility of a nominee from a future Harrogate Council has been left open until such a body is formed.
All Trustees now in post at the end of the year have applied for membership of the Trust and been appointed in accordance with the Constitution. It is open to anyone to apply to be a trustee within the number limited by the Constitution and by decision of the Trust. The Trustees have decided that there is currently no necessity to increase their number to the maximum permitted under the Constitution.
**Additional Governance Issues: RTEF -** The charity has a director on the Board of Yorkshire Causeway Schools Trust (YCST) of which Richard Taylor Church of England Primary School is a constituent academy. During 2024 YCST has been preparing changes to its Articles of Association which will remove the right of the Trust to nominate a director but provide continuing protection for the Trust to secure the School’s charitable and religious status.
## **Section C Objectives and activities**
The objects of RTET are in summary :-
1. To advance education: a) by applying not more than 25% of its net income, in providing
special benefits, not normally provided from central or local government funds, for Richard Taylor Church of England Primary School, as may be agreed by Trustees and the governors of the School and, with the approval of the Charity Commission to approve a sum in excess of the 25%.
b) by applying the net yearly income in all or any of the following ways for the benefit of young people resident in Harrogate (the beneficiaries) who, in the opinion of the charity Trustees, are in need of financial assistance: –
i) by awarding grants for secondary or tertiary education under rules to be made by the charity Trustees;
ii) by awarding grants towards outfits, clothing, tools, instruments or books to help beneficiaries on leaving school to prepare for, or to enter a profession, trade or calling; or
iii) otherwise promoting the education (including social and physical training) of beneficiaries;
provided that in the allocation of any benefits, the charity Trustees shall have regard to the promotion of education in the principles of the Church of England.
The objects in paragraph 1 mirror those set out in the amended 1966 scheme of RTEF. In November 2020 the Charity Commission gave approval to the Trustees, in any year, to exceed the 25% of the income which can be made available to Richard Taylor School, if the Trustees are satisfied it will further the purposes in paragraph 1a).
2. For the public benefit, including for the benefit of the inhabitants of the borough of Harrogate:-
i) to promote the development of children and young people aged under 25 years in achieving their full physical, mental, social and spiritual capacities so that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved; and
ii) to provide, or assist in the provision of, facilities for recreation or other leisure time occupation, to such persons who have need of such facilities by reason of their youth, age, infirmity, disability, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life.
The objects in paragraph 2 mirror those in the 2019 scheme of BYC.
## **Summary of main activities undertaken for the public benefit**
**RTEF -** In making decisions the Trustees have regard to the Trust’s objects and to the Charity Commission guidance on public benefit.
a) The Trust receives requests for support from the Governors and Headteacher of RTS which fall within the Constitution as special benefits available to the School.
- b) The Trust has an application form for individual grants which is reviewed and updated as necessary. This ensure that the intended use of grant funds evidence educational benefit and that those with financial responsibility for the recipient are in financial need in order to comply with the objects when a grant is considered. Grants are available for individual young people from the Trust’s geographical area of benefit where, in the view of the Trustees, these requirements are met.
- c) The Trust’s Director on YCST, continues to attend regular meetings of the Board of Directors.
**BYC** - Having regard to the Charity Commission guidance on public benefit and the Scheme granted in March 2019 the premises forming Bilton Youth Centre are held on long lease by North Yorkshire Sport Ltd which is a charity directed towards physical and mental health of young people. The objects of BYC, and so RTET, form the user clause of the lease extending that support to older people and the public in general. The rent now provides a secure income for BYC both for the future of the building and for other public benefit in the area. In consequence the Trustees decided that work to promote the spiritual capacities of young people needed developing in order to fulfil the BYC objects and, therefore, funding should be made available from the new income stream to that end.
## **Additional details of RTEF supported activities - Performance**
**RTS Special Benefits** - The Trust supported a sustainability and enrichment project with an artist working with every child in the school and the purchase of outdoor equipment for use at lunchtimes. A significant contribution towards a new playscheme for the school outdoor areas was under consideration at the end of the year but not then decided.
**Grants -** The Trustees considered 42 validly submitted applications for grant support for individual young people and approved 35 which fell within the provisions of the objects. The grants included support:-
- for children whose parents could not afford the cost of school trips known to be very beneficial to a child’s social and educational development and for young people with special needs to experience time away from home;
- towards IT equipment to allow children with significant eye problems to be able to read with specialist software (support was also given by the Royal National Institute for the Blind) and to support other disabled young people;
- for dyslexia assessment to secure the improvements to education where the School required expert assessment;
- for attendance at after school club where a parent or sibling required specialist medical treatment;
- for attendance at a Christian Summer Camp;
- young people referred through SASH (Safe and Sound Homes - a charity looking after the welfare of young people who become homeless) included funding for a bicycle in order attend for higher education;
- towards specialist clothing to train for building trades.
## **BYC - Performance**
The Centre has continued to function as The Hub for NYS, who work with young people throughout North Yorkshire with a view to improving health and well-being, and, also, with older and disadvantaged people in the local area with similar needs.
The availability of the new income stream from BYC referred to earlier has allowed the Trust to give financial support for three years towards the employment of the Youth Worker at St John’s Parish Church who works with young people in the parish and across the town. Also grant support was made available to families at St John’s with young children who could not afford to finance the family attendance at the Parish Weekend.
Last year this report also looked forward to the possibility of consolidating Trust activities in one place including an office, meeting room and archive storage at the garage/store at BYC and these were taken forward to 2024 together with an identified need both for a paid clerk and a move to on line working instead of paper. The original office plan proved to be unworkable without rebuilding which the Trustees considered too costly. On investigation it was found that the School had space available in its former caretaker’s bungalow for a permanent office, a meeting room to be shared with the School and could offer paid administrative support from the school office staff. Both parties have moved rapidly to prepare the space for use by the Trust and both parties welcome the closer contact this will involve. Funding was available in reserves so the cost of the new administrative arrangements has not impacted funds available for grants. The Trust began working out of the School site in September 2024.
## **Section D**
## **Impact of activities and issues for the future**
**RTEF -** As a grant making body it is difficult for the Trust to assess the impact of the use of the grants so reliance is placed on the number of applications submitted. Although these fell back in 2024 there is a broader range of applications from a larger number of schools. The Trustees remain concerned that there is not enough knowledge about the Trust and the availability of financial assistance for educational purposes so preparations began during 2024 for wider moving to on line working in order to promote the Trust more widely across its geographical area.
**BYC -** The use of the income stream to broaden the work of the Trust and better fulfil its objects for BYC have already been mentioned and the Trustees look to enlarge this work. The permanent office and administrative staff ensure that a move to on line working can begin and with that the promotion of the Trust as an educational and Christian funder within its limited funds.
## **Section E**
## **Financial Review**
## **Overall position**
During the year, RTET as a whole made a surplus 0f £22,659. As at the end of 2024 cash funds stood at £97,012.
**RTEF -** Earnings from the endowment investments were £25,334 an increase of £689 over the previous year. The grant payment to the School was £1,850, but the Trustees agreed to carry forward an ear-marked reserve of just under £5,000 (requested late in the year) towards playground equipment. Grant payments to individuals totalled £8,193. The major expenditure was administrative expenses for the RTET office fit-out at the School(£8,872) referred to above.
**RTEF Investment Assets -** As at the 31st December 2024, the valuation of the endowment was £875,193.
## **BYC**
The only income of BYC is rent. By the end of the year the internal loan from RTEF for the new roof completed in 2023 was fully repaid. With the debt cleared and no further calls expected, the new income stream was available to ensure the fulfilment of the charity’s objects as previously indicated in the report. Grants were made with the object of promoting the spiritual capacities of young people to produce mature individuals. A three year commitment was made for the major grant offered for a Church of England Youth Worker.
## **Policy on Reserves**
The reserve balances at the end of the year were £67,420 (RTEF) and £560 (BYC); the increase on the RTEF reserve being due to repayment of the BYC loan.
In December the Trust agreed that in the short term the reserves should be viewed as ~~a s~~ ingle fund holding a balance of no less than £50,000. For 2025 this means the RTEF portion of the reserve will be at least £45,000 with surplus funds above that amount as at 31st December 2024 being added to the endowment investments. The Trust also agreed that BYC reserve ~~should b~~ e increased by the balance on the current account as at the 1st December with this increase taking place annually until it has an adequate reserve for a Trust with a permanent building to support.
The earmarked reserve for RTS explained above is expected to be paid out shortly. This was a one off action not expected to be repeated.
## **Sources of funding**
**RTET** had funding only from its constituent charities for administration purposes.
**RTEF and BYC** - all payments, including those for the key objects of the two charities, were financed:
- for RTEF, from dividends from the investments in the endowment funds;
- for BYC, from in year receipts from NYS Ltd.
**Loans** - No loans from external sources. Loan within the CIO repaid with interest by the end of the year.
## **Section F Other optional Information** None
## **Section G Declaration**
**The Trustees declare that they have approved the Trustees’ Report above. Signed on behalf of the Charity’s Trustees**
**Signatures MR Scott FJ Hildred Chair Clerk**
_Richard Taylor’s Educational Trust is a charitable incorporated organisation with registered charity number 1175607 and Trustee of the registered charities Richard Taylor’s Educational Foundation and Bilton Youth Centre._
_Official address: Richard Taylor Primary School, Bilton Lane, Harrogate, HG1 3DT_
**RICHARD TAYLOR’S EDUCATIONAL TRUST 1175607 RICHARD TAYLOR'S EDUCATIONAL FOUNDATION 5295608 BILTON YOUTH CENTRE 5295608 -1 CC16a Receipts and payments accounts For the period from** 1st January 2024 **To** 31st December 2024
|**Section A Receipts and payments**|**Section A Receipts and payments**|**Section A Receipts and payments**||||||||
|---|---|---|---|---|---|---|---|---|---|
|||**Unrestricted**
**funds**||**Restricted**
**funds**|**Endowment**
**funds**|**Total funds**|||**Last year**|
|||to the nearest
£||**to the**
**nearest £**|**to the**
**nearest £**|**to the nearest £**||**to**|**the nearest**
**£**|
|**A1 Receipts**||||||||||
|**Interest (BYC)**||-||**-**|**-**||**-**||**430**|
|**Investment receipts(RTEF)**||-||**25,334**|**-**|**25,334**|||**24,645**|
|**Interest (RTEF)**||-||**1,396**|**-**|**1,396**|||**860**|
|**Rent (BYC)**||-||**22,500**|**-**|**22,500**|||**32,372**|
|**Insurance rent (BYC)**||-||**904**|**-**||**904**||**2,310**|
|**Damage Compensation (BYC)**||-||**-**|**-**||**-**||**39**|
|**Insurance Refund**|**(BYC)**|-||**-**|**-**||**-**||**1,094**|
|**Internal Loan Interest (RTEF)**||-||**590**|**-**||**590**||**667**|
|**Internal Loan Principal (RTEF)**||-||**13,500**|**-**|**13,500**|||**7,500**|
|**Cash Donation**||-||**-**|**-**||**-**||**10**|
|**_Sub total_**_(Gross income for AR)_||-||**64,224**|**-**|**64,224**|||**69,927**|
|**A2 Asset and investment sales, (see table).**||||||||||
|||-||**-**|**-**||**-**||**-**|
||**_Sub total_**|-||**-**|**-**||**-**||**-**|
||**_Total receipts_**|-||**64,224**|**-**|**64,224**|||**69,927**|
|**A3 Payments**||||||||||
|**Richard Taylor C.of.E. School (RTEF)**||-||**1,850**|**-**|**1,850**|||**5,793**|
|**Professional Fees**|**(BYC)**|-||**900**|**-**||**900**||**1,700**|
|**Grants (RTEF)**||-||**8,193**|**-**|**8,193**|||**12,028**|
|**Internal Loan Interest (BYC)**||-||**590**|**-**||**590**||**667**|
|**Internal Loan Principal repaid (BYC)**||-||**13,500**|**-**|**13,500**|||**7,500**|
|**Insurance (RTEF)**||-||**580**|**-**||**580**||**597**|
|**Insurance (BYC)**||-||**1,485**|**-**|**1,485**|||**1,572**|
|**independent Examiner’s Fees**||-||**660**|**-**||**660**||**600**|
|**Donation to NYS Charity (BYC)**||-||**-**|**-**||**-**||**50**|
|**Administration (RTEF)**||-||**316**|**-**||**316**||**226**|
|**Administration (BYC)**||-||**98**|**-**||**98**||**244**|
|**New Roof (RTEF)**||-||**-**|**-**||**-**||**21,000**|
|**New Roof (BYC)**||-||**-**|**-**||**-**||**65,208**|
|**Youth Worker Grant Contribution (BYC)**||-||**1,500**|**-**|**1,500**|||**-**|
|**Parish Weekend Grant (BYC)**||-||**822**|**-**||**822**||**-**|
|**RTS Admin services (RTEF)**||-||**1,301**|**-**|**1,301**|||**-**|
|**Office fit out (RTEF)**||-||**8,872**|**-**|**8,872**|||**-**|
|**Equipment purchase (RTEF)**||-||**898**|**-**||**898**||**-**|
||**Sub total**|-||**41,565**|**-**|**41,565 ##**|||**117,185**|
|**A4 Asset and investment purchases, (see table)**||||||||||
|||-||**-**|**-**||**-**||**-**|
||**Sub total**|-||**-**|**-**||**-**||**-**|
||**Total payments**|-||**41,565**|**-**|**41,565**|||**117,185**|
||**Net of receipts/(payments)**|-||**22,659**|**-**|**22,659**||**-**|**47,258**|
|**A5 Transfers between funds**||||||||||
|||-||**-**|**-**||**-**||**-**|
|**A6 Cash funds last year end**||-||**74,353**|**-**|**74,353**|||**121,611**|
||**Cash funds this year end**|-||**97,012**|**-**|**97,012**|||**74,353**|
|**Section B Statement of assets and liabilities at the end of the period**||||||||||
||||||**Unrestricted**|**Restricted funds**||**Endowment**||
||**Categories**|**Details**|||**funds**||||**funds**|
||||||**to nearest £**|**to nearest**|**£**|**to nearest £**||
|**B1 Cash funds**||**Cooperative Bank PLC (RTET)**|||**-**||**935**||**-**|
|||**Cooperative Bank PLC (RTEF)**||||**11,467**||||
|||**Cooperative Bank PLC (BYC)**||||**10,619**||||
|||**Cooperative Bank PLC (RTEF) -**
**deposit account**||||**67,420**||||
|||**CBF Church of England Deposit**
**Fund (RTEF)**|||**-**|**6,011**|||**-**|
|||**Triodos Bank UK Ltd (BYC) - deposit**
**account**|||**-**||**560**||**-**|
||||**Total**|**cash funds**|**-**|**97,012**|||**-**|
|||**(agree balances**|**with**|**receipts and**||||||
|||**payments account(s))**|||**OK**|**OK**||**OK**||
||||||**Unrestricted**|**Restricted funds**||**Endowment**||
||||||**funds**||||**funds**|
|||**Details**|||**to nearest £**|**to nearest**|**£**|**to nearest £**||
|**B2 Other monetary assets**|||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
|||**Details**|||**Fund to**
**which asset**
**belongs**|**Cost (optional)**||**Current value**
**(optional)**||
|**B3 Investment assets**||**CCLA - COIF Ethical Investment**|||**Endowment**||**-**||**844,957**|
|||**M&G Charibond Charities Common**|||**Endowment**||**-**||**30,236**|
|||**Investment Fund (RTEF)**||||||||
||||||||**-**||**-**|
||||||||**-**||**-**|
|||**Details**|||**Fund to**
**which asset**
**belongs**|**Cost (optional)**||**Current value**
**(optional)**||
|**B4 Assets retained for the charity’s own use.**||**Richard Taylor Church of England**|||||**-**||**575,000**|
||**Valuations at registration**|**School (RTEF)**||||||||
|**of titles for CIO in**|**2019**|**Bilton Youth Centre (BYC)**|||||**-**||**750,000**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||**Fund to**|**Amount due**||**When due**||
||||||**which**|**(optional)**||**(optional)**||
|||**Details**|||**liability**|||||
|**B5 Liabilities**|||||||**-**|||
||||||||**-**|||
|**NOTES TO THE ACCOUNTS**||||||||||
|Valuations in B4 are the values at registration of||||||||||
|the titles to the CIO|in 2019 for both the School and|||||||||
|the Youth Centre.||||||||||
|**Signed by two Trustees on behalf of all the**
**Trustees**||**Signature**||||**Print Name**|||**Date of**
**approval**|
|||||||Kristian Jay Randall||7th|April 2025|
|||||||Alene Elizabeth Bloomfield||7th|April 2025|
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Section A
Indopendent Examiner's Report
Report to the trustees
Ri¢hard Taylor's Educational Trust
On accounts for tho year
ended
31 Dember 2024
Charity no
Ilf any)
1175607
Set out on pages
1to4
I report to the trustees on my examination of the accounts of the above
charity {°Ihe Trust") for the year ended 31 December 2024.
Responsibilities and
ba818 of report
As the charity's trustees, you are responsible for the preparation of the
accounts in accordan 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 5eGtion 145 of the 2011 Act and in carrying out my &xamination, I
have followed all the applicable Directions given by the Charity Commission
und8r section 14515)Ibl of the Act.
Indopendent I have completed my examination. I confim that no material matters have
examiner's statement come lo my attention in connection with the examination {other than that
disclosed below ) which gives me cause to believe that in, any material
respect..
the accounting records were not kept in accordance with section 130
of the Charities A¢t', or
the accounts did not accord with Ihe accounting records., or
the accounts did 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 Com8 across no olher 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.
Slgnèd:
Date:
Name:
Tom Rhodes
Relevant professional
qualification(sl or body
(if any):
ACA
Address:
Crown Chambers, Prin$ Street, Harrogate. HG1 1 NJ
IER
Oct 2018
Section B
Disclosure
Only complete il the examiner needs to highlight ma*eiial matters of concern
(see CC32, Independent examination of charity accounts.. directions and
guidance for examiners).
Give here brief details of
any items that the
examiner wishes to
disclose.
IER
Oct 2018