## **THE E J TAYLOR FOUNDATION** ## **FINANCIAL STATEMENTS** ## **FOR THE** **YEAR ENDED 31st MARCH 2024** **charity no: 1183039 company no: CE017253** **charity no: 1183039 company no: CE017253** ## **THE E J TAYLOR FOUNDATION** ## **CONTENTS** - Page 1 Statutory information - 2 Trustees Report - 4 Independent Examiner's Report - 5 Statement of Financial Activities - Balance Sheet - Notes on the financial statements **charity no: 1183039 company no: CE017253** ## **THE E J TAYLOR FOUNDATION** ## **STATUTORY INFORMATION** **Charity number:** 1183039 **Company number:** CE017253 **Address:** Mill Works Burnham Road, Hazeleigh Chelmsford Essex CM3 6QT **Enquiries:** enquiries@ejtaylorfoundation.org **Trustees:** C Yeldham S Hill J Taylor S Peck P Brown R Tozer Page 1 **charity no: 1183039 company no: CE017253** ## **THE E J TAYLOR FOUNDATION** ## **TRUSTEES REPORT** The E J Taylor Foundation is a registered charity (registered number 1183039) and is registered at Companies House with the number CE017253. It was incorporated as a Charitable Incorporated Organisation (CIO) on 18th April 2019, and uses the CIO – Foundation model constitution as its governing document. ## **Trustees** The trustees, who are the directors, are: C Yeldham S Hill J Taylor S Peck P Brown R Tozer Any new trustees are appointed by the existing trustees. ## **Aims and achievements** The charity holds events to raise money for good causes, with the aim of making grants to other charities or voluntary bodies, especially those working with disability. The charity operates in England. During the financial period no grants were made. In planning activities for the financial period, the trustees kept in mind the Charity Commission’s guidance on public benefit and grants made were made to established charities or voluntary bodies. ## **Financial review** The financial results of the charity during the financial period are shown in the financial statements, beginning on page 5. Whilst there is no formal reserves policy, the trustees ensure the charity maintains a net assets position. Page 2 **charity no: 1183039 company no: CE017253** ## **THE E J TAYLOR FOUNDATION** ## **TRUSTEES REPORT** ## **Statement of Trustees’ Responsibilities** The trustees, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements 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 CIO for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; 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 adequate accounting records that 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 Companies Act 2006. 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. The trustees' report was approved by the Board of Trustees on: 14th January 2025 S Peck Page 3 **charity no: 1183039 company no: CE017253** ## **THE E J TAYLOR FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES** I report on the financial statements for the year ended 31st March 2024, which are set out on pages 5 to 8. ## **Respective responsibilities of the trustees and examiner** The trustees are responsible for the preparation of the accounts. The 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 - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act - to 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 Commission. 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 seeking 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’ and the 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 - 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. David M Green Gowers Limited The Old School House Bridge Road Hunton Bridge Kings Langley Herts. WD4 8SZ Date: 14th January 2025 Page 4 **charity no: 1183039 company no: CE017253** **THE E J TAYLOR FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 31st MARCH 2024** |(Notes)
**Incoming resources**
Voluntary income
Activities for generating funds
- events
- raffle
- individual fund raising
**Total incoming resources**
**Resources expended**
Events costs
Fundraising other costs
Charitable activities – grants made
Sundry costs
**Total resources expended**
**Net outgoing resources**
(3)|Total
Funds
2024
£
-
882
80
-
962
-
-
-
135
135
827|Total
Funds
2023
£
-
427
30
-| |---|---|---| |||457| |||-
-
1,500
589| |||(2,089)| |||(1,632)| All funds are unrestricted. The statement of financial activities includes all gains and losses in the period. All incoming resources and resources expended derive from continuing activities. There were no other recognised gains or losses during the financial period and no separate statement of total recognised gains or losses has therefore been presented. Page 5 **charity no: 1183039 company no: CE017253** ## **THE E J TAYLOR FOUNDATION** ## **BALANCE SHEET** ## **YEAR ENDED 31st MARCH 2024** |(Notes)
**Current assets**
Prepayments
Cash at bank and in hand
**Creditors**: amounts falling due within one year
**Net current assets**
**Net assets**
**Unrestricted funds**
General funds
(3)|2024
£
750
1,396
2,146
1,229
917
917
917|2023
£
-
450| |---|---|---| |||450
360| |||90| |||90| |||90| The financial statements were approved by the trustees on 14th January 2025 and were signed on its behalf by: ## **S Peck** **J Taylor** Page 6 **charity no: 1183039 company no: CE017253** ## **THE E J TAYLOR FOUNDATION** ## **NOTES ON THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31st MARCH 2024** ## 1. **Accounting policies** The following accounting policies have been used consistently in dealing with items which are considered material in relation to the charity’s financial statements: ## **Basis of accounting** The financial statements have been prepared under the historical cost convention and in accordance with applicable UK accounting standards and the Statement of Recommended Practice: Accounting and Reporting by Charities and with the Charities Act ## **Fund accounting** _Unrestricted funds_ represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the charity. ## **Incoming resources** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: - Income from events, collections and donations are recognised when received. - All income is accounted for on a gross basis in the period to which the income relates. ## **Resources expended** All expenditure is accounted for in the period to which it relates. Any current year expenditure unpaid at the period end is included in current liabilities in the balance sheet where this can be calculated. ## **2** . **Trustee remuneration and related party transactions** No trustees received any remuneration or reimbursed travel costs during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the financial period. EJ Taylor & Sons Limited, a private company in which two of the trustees hold a material interest, held cash on behalf of the charity during the period and at the end of the period owed the company a net sum of £1,097 (2023: £228). ## **3. Movements in funds** ||As at|Incoming|Outgoing|As at| |---|---|---|---|---| ||31st March|Resources and|Resources|31st March| |||Gains||| ||2023|2024|2043|2024| ||£|£|£|£| |**Unrestricted funds**||||| |General funds|90|962|(135)|917| Page 7 **charity no: 1183039 company no: CE017253** ## **THE E J TAYLOR FOUNDATION** ## **NOTES ON THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31st MARCH 2024** ## **3. Movements in funds (prior year)** ||As at|Incoming|Outgoing|As at| |---|---|---|---|---| ||31st March|Resources and|Resources|31st March| |||Gains||| ||2022|2023|2023|2023| ||£|£|£|£| |**Unrestricted funds**||||| |General funds|1,722|457|(2,089)|90| Page 8