2024 - 2025 Annual Report The TAP Foundation
Trustees Annual Report
Year ended 27th March 2025
Reference & administrative information
Trustees
R Jones, Chair - Appointed 27.03.18
S Monaghan - Appointed 27.03.18
C Prendergast - Appointed 27.03.18
www.taplondon.org / trustees@taplondon.org
2024 - 2025 Annual Report
Reference & administrative
information
Trustees
R Jones, Chair - Appointed 27.03.18 S Monaghan - Appointed 27.03.18 C Prendergast - Appointed 27.03.18
Registered address & contact
37 Brierley Road, E11 4JE
trustees@taplondon.org
Bankers
Santander Business Banking 15-17 Islington High Street, London, N1 9LQ
Report of the trustees for the year ended 27th March 2025
The trustees present their annual report and financial statements of the charity for the year ended 27th March 2025. The financial statements comply with the Charities Act 1993.
Structure, governance and management
The TAP Foundation is a registered charity, number 1177719, and was established as a CIO Foundation on the 27th of March 2018. The TAP Foundation is the charitable foundation which distributes funds raised through the work of TAP London, a community interest company which raises funds for homelessness through contactless technology. TAP London (www.taplondon.org) is registered with Companies House company number 10731372, registered name TAP Local CIC. All funds which are received into The TAP Foundation are distributed in grants which allow the foundation to meet its charitable objectives.
Trustees meet regularly throughout the year to allow for consideration of grant making, risk
management, and to analyse the performance of the TAP initiative. As the day-to-day administration of the TAP initiative is carried out by the associated company TAP Local CIC and the Greater London Authority, the work of the Foundation is largely predicated around the financial management of grant making and the assessment of the compliance and effectiveness of the project. New trustees are appointed by the existing trustees and serve for three years after which they may put themselves forward for re-appointment.
The TAP Foundation provides for a minimum of 3 trustees to a maximum of 12 trustees. All trustees give of their time freely, and no trustee renumeration was paid in the year. Trustees are required to disclose all relevant interests and withdraw from decisions where a conflict of interest arises. Neither the Foundation nor any of the trustees have interests with the housing/homelessness sector, but any such interests would be disclosed were they to arise.
Objectives and activities for the public benefit
The Tap Foundation objectives are to support the relief of poverty, with a focus on the needs of those affected by homelessness. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Foundation's aims and objectives and in planning future activities and settling the grant making policy for the year.
The Foundation carries out these objects by distributing grants and unrestricted financial aid to charities that relieve poverty and homelessness through public donations made to the TAP initiative. In partnership with its affiliate company TAP Local CIC, the Foundation works to increase awareness of poverty, homelessness & its societal effects. This is achieved through its high-profile partnership with the Mayor of London, BIDs and the associated publicity that has been achieved with the TAP initiative.
2024 - 2025 Annual Report
Contribution made by
volunteers
The TAP Foundation distributes funds raised by its associated organisation TAP London. TAP London is a volunteer-led community interest company, established to raise public funds for homelessness through digital fundraising methods. Volunteers from TAP London are instrumental to the work of the Foundation and regularly attend trustee meetings to provide information on the day-to-day administration of the TAP initiative. In addition, the Greater London Authority provides significant resource to the TAP scheme, allowed for under the terms of a MOU between TAP Local CIC and the GLA.
Policy on grant making
The TAP Foundation recognises the need for charities to have access to unrestricted funding in order to support new projects; projects with low public awareness; projects tackling complex and persistent needs. Therefore, it is the foundation's decision to grant all funds on an unrestricted basis. The trustees continue to evaluate the effectiveness of this strategy.
The charity's emphasis is to work with organisations which are based locally to the sites of TAP London's digital fundraising points, currently in London only. Applications from national or regional charities outside of this area are unlikely to be considered unless the initiative is established in new locations.
foundation, due to the financial support provided by TAP Local CIC. The trustees review this policy annually.
Achievements and
performance
Income fell by 40% during the year, mainly due to reduced contactless and online donations. As a result, no grants were made while reserves were strengthened.
Cash at year end was £65,908, which the trustees consider sufficient to support grant-making in the next financial year.
Financial review
During the reporting period, the foundation received a total of £38,333. These funds were comprised of: Public donations made through contactless (£4,401), online[1] (£26,508.15), other (£4,179), one-off campaigns (£2,944), and recurring donations (£300).
Going concern
The trustees consider that there are no material uncertainties about TTF's ability to continue as a going concern. There are no material uncertainties affecting the current year's accounts. The charity has not provided any guarantee and therefore has no potential liability at the date of the statement. There is no debt outstanding at the date of the statement.
Reserves policy
A free reserve of £100 is held in the account. This figure is held to protect the account from falling into deficit should an unforeseen charge be levied on the foundation from our contactless provider or otherwise. The relatively small figure is in recognition of the low running costs and risk to the
1 www.taplondon.org
2024 - 2025 Annual Report
Declarations
The trustees declare that they have approved this report. Signed on behalf of all trustees by:
Ross Jones Chair 11/01/2026
The TAP Foundation Trustees Annual Report Year ended 27th March 2025
www.taplondon.org / trustees@taplondon.org
Charity Name The TAP Foundation
No (if any) 1177719
Receipts and payments accounts
Period start date 3/28/2024
Period end date To
For the period from
3/27/2025
CC16a
Section A Receipts and payments
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts Contactless Donations - Online Donations - RecurringDonations - Campaigns - Other - Fees from TAP Local - Corporate Donation - - - - - Sub total - Total receipts - A3 Payments Grants Paid - - - - - - - - - Sub total - - - Sub total - Total payments - Net of receipts/(payments) - A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end - Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases,(see table) |
to the nearest £ 4,401.18 26,508.15 300.00 2,944.34 2,391.66 1,175.11 612.96 - 38,333 - - - 38,333 - - - - - - - - - - - - - - 38,333 - 27,574 65,908 Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 4,401 26,508 300 2,944 2,392 1,175 613 - 38,333 - - - 38,333 - - - - - - - - - - - - - - 38,333 - 27,574 65,908 |
Last year to the nearest £ |
| - - - - - - - - - |
4,401 | 31,346 | ||
| 26,508 | 32,858 | |||
| 300 | 300 | |||
| 2,944 | 1,539 | |||
| 2,392 | 1,350 | |||
| 1,175 | - | |||
| 613 | - | |||
| - | - | |||
| 38,333 | 67,394 | |||
| - - - |
- | - | ||
| - | - | |||
| - | - | |||
| - | 38,333 | 67,394 | ||
| - - - - - - - - - - |
- | 145,864 | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | 145,864 | |||
| - - - |
- | - | ||
| - | - | |||
| - | - | |||
| - | - | 145,864 | ||
| 38,333 | - - - - |
38,333 | - 78,470 | |
| - | - | - | ||
| 27,574 | 27,574 | 106,044 | ||
| 65,908 | 65,908 | 27,574 |
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Details Details Details Details Signature Ross Jones Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ - 27,574 - 38,333 - - - 65,908 OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Ross Jones Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Ross Jones | Ross Jones | 1/10/2026 | |
Charity Name The TAP Foundation
No (if any) 1177719
Receipts and payments accounts
Period start date 3/28/2023
Period end date To 3/31/2024
For the period from
CC16a
Section A Receipts and payments
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts Contactless Donations - Online Donations - Gift Aid - Grant from TAP Local - Corporate Donation - RecurringDonations - Campaigns - Other - - - - Sub total - Total receipts - A3 Payments Grants Paid - - - - - - - - - Sub total - - - Sub total - Total payments - Net of receipts/(payments) - A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end - Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases,(see table) |
to the nearest £ 31,346.28 32,858.15 - - - 300.00 1,539.46 1,350.00 67,394 - - - 67,394 145,864 - - - - - - - - 145,864 - - - 145,864 - 78,470 - 106,044 27,574 Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 31,346 32,858 - - - 300 1,539 1,350 67,394 - - - 67,394 145,864 - - - - - - - - 145,864 - - - 145,864 - 78,470 - 106,044 27,574 |
Last year to the nearest £ |
| - - - - - - - - - |
31,346 | 32,270 | ||
| 32,858 | 42,948 | |||
| - | 21,204 | |||
| - | 717 | |||
| - | 5,047 | |||
| 300 | 420 | |||
| 1,539 | 2,174 | |||
| 1,350 | - | |||
| 67,394 | 104,779 | |||
| - - - |
- | - | ||
| - | - | |||
| - | - | |||
| - | 67,394 | 104,779 | ||
| - - - - - - - - - - |
145,864 | 119,319 | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 145,864 | 119,319 | |||
| - - - |
- | - | ||
| - | - | |||
| - | - | |||
| - | 145,864 | 119,319 | ||
| - 78,470 | - - - - |
- 78,470 | - 14,540 | |
| - | - | - | ||
| 106,044 | 106,044 | 120,584 | ||
| 27,574 | 27,574 | 106,044 |
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Details Details Details Details Signature Ross Jones Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ - 106,044 - - 78,470 - - - 27,574 OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Ross Jones Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Ross Jones | Ross Jones | 1/26/2025 | |
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of The TAP Foundation On accounts for the year 27/03/2025 Charity no 1177719 ended (if any) Set out on pages
2
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 27 / 03 / 2025.
Responsibilities and basis As the charity's trustees, you are responsible for the preparation of the of report 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 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
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination 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 Act; or
● the accounts did not accord with the 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 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.
Signed: Name: Benjamin van den Dungen
Date: 19/01/2026
1
Oct 2018
IER
Relevant professional Chartered Institute of Taxation qualification(s) or body (if any): Address: 4 Mortimore Villas Chiddingfold GU8 4RP
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
2
Oct 2018
IER
Give here brief details of any items that the examiner wishes to disclose .
N/A
3
Oct 2018
IER