DocuSign Envelope ID: 6FCBF450-CA9A-427D-81F7-FA26950681E0
The Ashley Tabor-King Foundation
Financial Statements Year Ended 5 April 2022 Charity No.: 1178634
DocuSign Envelope ID: 6FCBF450-CA9A-427D-81F7-FA26950681E0
The Ashley Tabor-King Foundation
Report and Financial Statements for the period ended 5 April 2022
Contents
Page:
1 Reference and administrative information 2-3 Report of the Trustees 4 Independent Examiner's Report 5 Statement of Financial Activities 6 Balance Sheet 7-9 Notes forming part of the Financial Statements
Trustees
Ashley Daniel Tabor-King OBE The Lord Allen of Kensington CBE Emma Bradley Stephen Gabriel Miron
Principal Office
Global Media & Entertainment Ltd, 29-30 Leicester Square, London, WC2H 7LA
Accountants
BDO LLP, 55 Baker Street, London, W1U 7EU
Bankers
Coutts & Co, 440 Strand, London, WC2R 0QS
Independent Examiner
Perry's Accountants Limited, Churchdown Chambers, Kent, TN9 1NR
1
DocuSign Envelope ID: 6FCBF450-CA9A-427D-81F7-FA26950681E0
The Ashley Tabor-King Foundation
Report of the Trustees for the period ended 5 April 2022
The Trustees present their report along with the financial statements of the charity for the year ended 5 April 2022. The Financial Statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the Foundation's trust deed and applicable law.
Structure, Governance and Management
The Ashley Tabor-King Foundation is constituted under a trust deed dated 31 May 2018, created by the settlor, Ashley Tabor-King OBE.
The Trustees who have served during the period and since the period end are set out on page 1. The first trustees are as follows (and are appointed for the following terms):
-
Ashley Daniel Tabor-King OBE (Chair) (7 years)
-
The Lord Allen Of Kensington CBE (5 years)
-
Emma Bradley (5 years)
-
Stephen Gabriel Miron (5 years)
Where there is a requirement for new Trustees, this would be identified by the remaining Trustees. There must be at least three Trustees and, apart from the first trustees, new trustees must be appointed for a term of 3 years.
Risk management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that such risks are continuously monitored and that appropriate steps can be taken to lessen these risks.
Objectives and Activities
The objects of the charity are the advancement of any charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.
In particular:
-
to advance the health and welfare of first responders who suffer from post-traumatic stress disorder, physical harm and/or mental harm attributable to or associated with their employment. First responders may include (but are not limited to) paramedic staff; first responding medical staff; call centre handlers; mountain rescue; RNLI life boat rescuers; police officers; fire fighters; and the bereaved families of first responders who have died in service;
-
to advance in life and help young people through providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
Grant making policy
All applications received are considered by the Trustees on their own merit for suitability of funding.
Public benefit
In meeting the objectives the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and judge that all donations made meet this guidance. All donations are listed in note 4 on page 8.
2
DocuSign Envelope ID: 6FCBF450-CA9A-427D-81F7-FA26950681E0
The Ashley Tabor-King Foundation
Report of the Trustees for the period ended 5 April 2022
Achievements and Performance
The Foundation received initial funding on 31 May 2018 following which the Trustees have started to apply their funds in accordance with the objectives of the Foundation and their grant making policy. Donations totalling £520,000 have been made in the year (2021 - £400,000) and are detailed in note 4 of these Financial Statements.
Reserves policy
The Trustees’ policy is to maintain their continuing level of support under the grant making policy that they have agreed. If income resources are insufficient to cover the grants then recourse is made to the other funds of the Trust. The Trustees do not consider that any minimum level of resources is required.
Plans for the future
The Trustees intend to continue providing grants in a similar way to the recent past but retaining flexibility as to the timing, and scale of grant making.
Trustees’ responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the charity’s financial activities during the period and of its financial position at the end of the period. In preparing those financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the trust deed. 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 Trustees and signed on their behalf by:
Emma Bradley Trustee 2/3/2023 Date:
3
DocuSign Envelope ID: 6FCBF450-CA9A-427D-81F7-FA26950681E0
Independent Examiner’s Report to the Trustees of
The Ashley Tabor-King Foundation
We report to the trustees on my examination of the accounts of The Ashley Tabor-King Foundation for the year ended 5 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’). We report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us 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.
We 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.
Steve Hale FCA, FCCA, on behalf of
Perry's Accountants Limited
Churchdown Chambers Bordyke Tonbridge Kent TN9 1NR Date:
4
DocuSign Envelope ID: 6FCBF450-CA9A-427D-81F7-FA26950681E0
The Ashley Tabor-King Foundation
Statement of Financial Activities for the period ended 5 April 2022
| Notes Income and endowments from Donations and legacies 2 Gift aid recoverable Total Expenditure on Charitable activities Activities undertaken 3 Support costs 3 Total Net income Total funds at 6 April 2021 Total funds at 5 April 2022 |
2022 £ 500,000 - 500,000 520,000 7,163 527,163 (27,163) 153,750 126,587 |
2021 £ 400,504 75,000 |
|---|---|---|
| 475,504 | ||
| 400,000 7,407 |
||
| 407,407 | ||
| 68,097 85,653 |
||
| 153,750 |
All funds are unrestricted and relate to continuing activities.
The notes on pages 7 to 9 form part of these financial statements
5
DocuSign Envelope ID: 6FCBF450-CA9A-427D-81F7-FA26950681E0
The Ashley Tabor-King Foundation
Balance Sheet as at 5 April 2022
| Notes Current Assets Cash at bank and in hand 6 Debtors 7 Current Liabilities Creditors: amounts falling due within one year 8 Total net assets Funds Unrestricted Funds |
£ £ 139,255 150,000 289,255 (162,668) 126,587 126,587 2022 |
£ £ 259,813 - 259,813 (106,063) 153,750 153,750 2021 |
£ £ 259,813 - 259,813 (106,063) 153,750 153,750 2021 |
|---|---|---|---|
| 153,750 |
Approved by the Trustees and signed on their behalf by:
Emma Bradley Trustee 2/3/2023 Date:
The notes on pages 7 to 9 form part of these financial statements
6
DocuSign Envelope ID: 6FCBF450-CA9A-427D-81F7-FA26950681E0
The Ashley Tabor-King Foundation
Notes to the financial statements for the period ended 5 April 2022
1 Principal Accounting Policies
(a) Accounting Convention
The financial statements are prepared under the historical cost convention and in preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (Charities SORP (FRS 102)) and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 2011.
(b) Donations, legacies and similar income
Donations, legacies and similar income are shown in the accounts when receivable and the value of the incoming resources can be measured with sufficient reliability.
(c) 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 accounted for on an accruals basis.
(d) Charitable activities
Costs of charitable activities include grants made and an apportionment of overhead and support costs where applicable.
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-period grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trust.
(e) Governance costs
Governance costs comprise costs relating to the general running of the charity as opposed to those associated with generating funds or charitable activity.
(f)[Taxation]
The charity is exempt from tax on its charitable activities.
(g) Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling the balance sheet date. Transactions in foreign currency are translated at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
| 2 | Donations | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| Donations received | 500,000 | 400,504 |
7
DocuSign Envelope ID: 6FCBF450-CA9A-427D-81F7-FA26950681E0
The Ashley Tabor-King Foundation
Notes to the financial statements for the period ended 5 April 2022
| 3 Charitable Activities Donations 4 Grants paid or payable Taigh Mor Foundation The Police Arboretum Memorial Trust The Royal Foundation of The Duke and Duchess of Cambridge |
£ 520,000 1184933 1159831 Registered Charity No. 1132048 Activities Undertaken Directly (see note 4) |
£ 7,163 2022 £ 20,000 500,000 - 520,000 Support Costs (see note 5) |
£ 527,163 Total 2022 |
£ 407,407 Total 2021 |
|---|---|---|---|---|
| 2021 £ - 100,000 300,000 |
||||
| 400,000 |
The balance of the Trustees pledge of £850,000 to the Royal Foundation of the Duke and Duchess of Cambridge was fully paid in the year.
| 5 Support Costs Accountancy fees Accountancy fees - PY underprovision Independent Examiner's Fees Bank charges 6 Cash at bank and in hand Coutts and Co 7 Debtors Due from Ashley Tabor-King |
2022 £ 5,670 923 540 30 7,163 2022 £ 139,255 2022 £ 150,000 |
2021 £ 5,535 1,344 528 - |
|---|---|---|
| 7,407 | ||
| 2021 £ 259,813 |
||
| 2021 £ - |
8
DocuSign Envelope ID: 6FCBF450-CA9A-427D-81F7-FA26950681E0
The Ashley Tabor-King Foundation
Notes to the financial statements for the period ended 5 April 2022
| 8 Creditors: amounts falling due within one year Accountancy Fees Independent Examiner's Fees Due to HM Revenue & Customs Grants payable |
2022 £ 12,128 540 150,000 - 162,668 |
2021 £ 5,535 528 - 100,000 |
|---|---|---|
| 106,063 |
9 Trustees' remuneration and benefits
None of the Trustees have been paid any remuneration or received any other benefits from the Charity (2021 - none).
10 Trustees' expenses
No trustees' expenses were incurred in the year ended 5 April 2022 (2021 - none).
11 Related party transactions
There have been no transactions with persons or entities that are closely connected to the Charity or its trustees (2021 - none).
9