SIGfwLTr co RY THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS REGISTERED CHARITY NUMBER 236102 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024 JERVIS & PARTNERS CHARTERED ACCOUNTANTS 1351137 WELLINGBOROUGH ROAD RUSHDEN NORTHANTS NN10 9TE
THE DAVID TAYLOR HOUSING TRUST FOR ELOERLY AND RETIRED PERSONS REGISTERED CHARITY NUMBER: 236102 LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES M. J. Percival {Relired 11 July 20241 A. D. Miles F. T. G_ Bird (Retired 11 July 20241 J. N. Perkins (Retired 11 July 2024) J. B. Brown S. V. Billings Mrs C. E. Mlmark- Chairman Mrs G. R. Evans (Appointed 11 July 20241 Mrs M. Kneeshaw (Appointed 11 July 20241 PRINCIPAL ADDRESS HCR Hewtsons Lancaster House Nunn Mills Road Northampton NN1 5GE BANKERS Cater Allen 9 Nelson Street Bradlord B01 SAN ACCOUNTANTS Jervis & Partners Chartered Accounlanls 1351137 Wellirbgborough Road Rushden Northanls NN10 9TE SOLICITORS HCR Hewilsons Lar)caster House Nunn Mills Road Northampton NN1 5GE
Page 1 TrIE DAVID TAYLOR IK)USING TRUSTFOR ELDERLY AND RETIRED PERSONS REGISTERED CHARITY NUMBER: 236102 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024 CONTENTS Report of the Trustees 2and3 IndeneTht Ex8mlner's Roport St•tem•nt ol Ilnanelal actltAtIès Balance She•t Note5 to the financlal $tatements 7t09
Page 2 THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY ANO RETIRÉD PERSONS REGISTERED CHAR NUMBER.. 236103 REPORT QF THE TRUSTEES The Truste8s present their annual retxyi and unaudited financ# $tal8m8nls for tho yw ended 5th April 2024. Tha finanoal slalements have b88n wepared (ffi the a(rAJunling pditstss sel oul in Nole 1 of the financ1 statèmenÈs arKJ Comp wilh the Charity's Tntst t)eed. applicable law and the requirement of SORP °Accountlng and Reporting by charit" IFRS 1021 iss1 in 2015 and Ihe Ch8rits"e8 Act 2011. The Charrty has lakeTh advanta of th8 ccK8ssions aff(ded lo srnalknr thaiitsos In res of pY8senlati¢in aTh disclosure in Ihose financial ststernents. STRUCTURe. GOVERNANCE AND MANAGEMENT The Charity is govern8d by $ Trust D8e(l (latsd 4th July 1W whith aulhorise5 thè Bod of Tw$ts8s lo perfomi the objecis of the Tfu$I The recrurtment. apw"rtment and of rwi Tnthes ar9 u)r¥Jucted byexisbng Trust88S. OBJECTIVES OF THE CHARITY The David Tawor HouFAng Trusi fcv Elderly and Retired Pers$ was 8$1ablished in 1964 lo maintajn Abington Lodge the land 8round it as a res18ntial homeste8d for eklerw 8T¥J tired and thg provisloTr of hom8s for such peo•. PUBLIC BENEFIT l ol the Ch8rW$ actItIeS are undertaken to further ow ¢tharilatAe rMJfP)se lor thè bonèffl of the wblio The Trustees havg had regwd to the Charity CiJmmis5K)n guidanc on publ¢c benefrt in $8ctiM four of tht Char8$ Act 2011. Th6 main ben8fils whi¢h have arisen durin9 the Jar f¥om the organisffi's aims and activities Ère detailed in lh f¢Jlowing sections arKI in the financial review. REVIEW OF ThE DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS DURWG THE YEAR Mr. David Norman Taor in trws lifeme establisw iwo Charitsble Trv$ts. He was an unmairied man and had rK ¢hildren. His wish w8s lo ensure Ihal his Iwd and property al Abingion Lodge, N(thaMpton be vlillsed alier hls eath through charitab Trusts forthe bafit delderfy and 1rd peopk. K4r. TAor.$ second Trusl, The )rMan Taykn Educal)nal and lor Ihe Elderfy Trusl. hold5 investsnenls, wilh the incornts from this being paitialty u88d to donatK)nS to Thg Dav Taoor Housing Trust fL¥ Elderly and Retired Persons. To aid th8 adMinistratn over the years since Mr. Tawor's dealh. Ihe Chwitat4e Trusts have been run èff8ctively 88 one. As per a Chartty cOsEo InstwdK, separale annual aOunt$ aro pr8P8r&l lor each Charity. The Trust has ¢tInUed lo hold the larKI and property and to wtyk wilh Eas¢ MidLgn(Ss Housing A$SallOn and South Court EnviroNnenial to ensure thal Ihis is aTrrdilablp and maintned for benefrt of the residents of Abington Lothae in acc(Ydance wlh lh8 inslrurAKVbS by Mr. D. N. Tayk)r. FINANCIAL RESULTS FOR THE YEAR The finanoal ststemenls for th8 yeaf 8rKled 51h Aw"12024 8 surplus of £68312023 £3.6771 on urirestricled luntjs brlnging Ihe total futM15 to a surplus of £182.24912023. £181.5661. POLICY ON RESERVES The Trustees consider that Ihe unresiricled general fund £32,249 at 5th April 202412023- f31,5661 is suffiaent to SU5¢ain its operations ShoUj inwme generabro adimties be curtailed unexpecledly over Ihe forth¢omiryg r. RISK ASSESSMENT POLKY The Trustees have assessed the major risks to which the Charity is OXP05ed. in p8rticxJlar tho58 r8lated lo thg operalions and finan(s of the Charity. an¢J a satisfd that systoms are In plate io nwtigate their exposuie to the major risl(s. PLANS FOR FUTURE PERIODS The Charitys future plans indude th8 conlinued [VIsln of hou5in9 8FKI associated am8ri1185 for persons of liffted means either the eldorty OF reli1.
Page 3 THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY Ahlo RETIRED PERSONS REGISTERED CHARITY NUMBÉR.. 236102 REPORf OF TrIÉ TRUSTEES- CONTINUEO TRUSTEES. RESPONSBILITIES The Trustees ar8 r8sponsibl8 for pf8pariwvJ Iho Trusteas. Annual R8rrtMi and the finaTha81 statem8nts in accordance with 8pp4icable United KInM AuntIa St8Th1ards (United Kirydom Generally Aceepied AccounlitvJ PiadKel The law applicable lo Chartlies in Enuland & wa requires Ihe Twste&5 to rxepare finatraI statements for each nancial ar which give a and fair view ol thg Stale d ollair5 01 the Charity and ol th8 Iwoming resources and applicali(Kb of resLwrc85 01 Chwity thal p¥i(. In pr6parir¥a these linancial statements, the Tiusteos are required to-.- selgct suitable accounting lIcIeS and then aPFAy them w)sistenlly- observe th& methods and prinaples in the Charities SORP. make ludgwments and estimates Ihat are reasonable and prudent., slate whelher applirAblè accountiro standards have been followed. subject to any material departures disc105ed and explaine(S Ihe finanual stalements- Pr8pare th8 finanaal slalementson going concem basis unless it is inapptOF)riate to preslvng that the Charity wll eonlinue in operati(y). The Trustees are responsible formainlainlng Kwer aOntIng records Nthich disdose with reasonatAe accuracy. 81 any liTne. th& finan¢ial position ol the Charily and enable them to ensure Ihal the financial stalements comply bmlh Ihe Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are aLso responsible for s8legu8Tdlng the assets ol the Charity and hence lor lakiro reasable sleps IOT the PreVentk arn1 (*leclion ol fraud and olh8r irregularities. Thls report was approvèd for and on behalf of the Trustees on 25 Nov¢mber 2024 and wfrro slgnod on thelr behalf by:" Chairman
Page 4 THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS REGISTERED CHARITY NUMBER.. 236102 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DAVIO TAYLOR HOUSING TRUST FOR ELDERLY AND REfiRED PERSONS IN RESPECT OF THE YEAR ENDED 5TH APRIL 2024 We ieport on the 11roncial Slatents ofthe Chwity for the y8ar èr¥Jed 5th A72024 wki¢h 8r8 Sgtout on pages 5t010. Rè$ptsnslbllitles and basis of report As Ihe charills tru5tee5 you are resp0Tr5ible lor the preparation of th8 accounts in 8¢(>)rdan( with the requirements of Iliè Cliarities Act 2011 1.the Act'l. W& report in rewect ol (xw examw)atKm ol the ch5 wntS oul Uer 58CtK)n 145 01 Ihe Asl aiml I carrying out our 8xaminalion we have folluMI al Ihp Direcb¢)n5 given by the Charity C¢)mmissK)n under ser.lion 14515Kbl of the Act Indopondenl examIn88 Statement W&have cornpleled our gxaminalk)n. Weconfirmthalno materi81 mattershave como toouratteThtyoTh in connection with Ihg 8xaminalion gmng us cause to 1¥8 thal ITr materi81 respect.. acnts.g fr)rds were nol kept in respera of the charity as fequired by Sec0 130 of th6 Act., or 2. the accounts do wK)t accord with thos8 r8coriJ5; (X 3. the accounts (k) not complywilh the appli(3blc requirements corKerning th8 forrnatwj content of xcounts 881 out in th8 Charities IAccounts armj Rep(wts} Regulatrts 2008 olher than any ieouiremènts that the accoun15 give a 'tru and fair whith is Th)1 8 mat181 con5wJwed as part of an indep8nd8nt exarninatKm. We have no ¢on¢erns and have come woss np other m8ltars In Comectlon with the examination to ts1¢h attention shwld be cJrawt¥ in thi% ieport in ordef to enab a proper underslanding olthc accounts lo be reBth8d. Jervis & Partners Chartèred A¢countants 1351137 Welllngborough Road Rushdon Northant$ NN10 9TE Date: ¥L ts.cQLLLk2
P8ge 5 ThE DAVID TAYLOR IIOUSING TRUST FOR ELDERLY AND RETIRED PERSONS REGISTEREO CHARITY NUMBER: 236102 STATEMENT OF FINANCIAL ACTivinES FOR ThE YEAR ENDED 5TH APRIL 2024 2024 R•$trlcted Funds 2023 Total Funds Unre51ricted Funds Total Funrl$ Nol• Incom* Vokjntary Income 39,lYX) 39.000 Inleresl r8ceivgd Totsl in(x)me 39.CQO 39.000 39,( ExpendSture Charltabl• a¢tlviti¥s Grants pald 37.C 37. 34.0 Othor costs 1.317 1.317 1.323 Total expenditure 38,317 38.317 35.323 Net gainsllos8èsI on fixerl assets.. Unreald gain on property re¥8tn Net movemgnt in fund5 3.677 Reconcillètion of fund$-. Funds brought fotward 31 A66 150.((• 181,566 177.889 Yotal funds carried lorward 32249 182.249 181.566 There are no other recognised ga8 OT1055&5 Ihe yearother Ihan those (x)ntsine¢J in the statet ollinanei81 The noles on pag85 7 to 9 lorm part olth8se finandal statenEnt$
Page 6 THE DAVID TAYLOR HOU TRUST FOR ELDERLY AND RETr4eo PERSONS REGISTERED CHARITY NUMBER: 23610Z BALANCE SHEET AT 5TH APRIL 2024 2024 Note Flxgd assets Tawble flxed a$sels 150.(#XI 150.0(X) urr¢nt aS8et$ Debtors Bank atKI osh 17.787 15.782 19.107 13,782 Total curr8rit ass•ts 33.569 32.889 Creditor$: amounls fallng due tn ong year 1,323 Net current assets 32249 31,566 Total a$$ètB less currènt Ilablh"t IW2.249 181.566 Th• ftsnd$ ofthe Charlty:. Unre$trtcted funds Accumukqted fund 32.249 31,566 Restrlcted funds 150.( 150.IKK) 182,249 181.566 These finanaal 51alemenis were 8ppr¢)ved lor and on ol Ihe Trus188s on 25 November 2024 and were $19ned cfi Ih8ir behalf by.- Charman Thè noles pages 7 10 9 lorm part ol Ihese financial stalem8nls
Page 7 THE OAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS REGIST LI CHARITY NVVa£R'. 2 NOTES TO THE FhNANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024 1. ACCOUNMNG POLICES lal Gèn•ral Informallon Th8 David Hwsitw T51 for Eld8rty and Relir8d Persons a charily r8gistsred in the United KinoM. The alYd$S of the Chaity is gwen in the Legal and Administrative Infom)atlon. The nature of th8 ChariWs Operab"c$ and pri1PaI a¢tivi&"es are fully detaile(l in the Report of th8 Trust88s on pag8s 2 and 3. Th8 Charity rA)nstrtut8s a public b8n8fit 8ntily as defined by FRS102. Ibl Basls Cf preparatlon The finawal slatements have been prepared under th8 historieAI cost CCmV6nlion. with the exceptK)n thal investments are m¢1Jed at mafket fate value. The finanoal statements a préparèd w èccordancewih Ih8 Stat9merit ol R8Mm8le Practs"ce.' A(x(MJnling and Rewrtin9 by Chariknes IFRS 1021 and applble Accouriting Slandards and th8 charilS Aci 2011. The Charity has applied UKKlaie BU1) 1 puNishod In F&b¥uary 2016 and not IflK$s a eash ow slateffnt on the grouNJs Ihat rt is ang FRS12 IA. Flxed assets and depreclatlon Fixed assets are rèfie(IèLI at lair Valu&. kny rr¥jvet in wdILOtn t8ken io th8 re8tricl8d fuThl. l( is the Trustees. Wicy to maintain all lyJiklityJs to such a standard that thèir estimated ffjsidual vu& is not less than ther cosl at 8Y given b"me, there10 depreuation * necessary. AJI incoming resources are rewgrmsed Mce the Charity has entitlement lo the resour¢e$. it is ¢¢rtain thai Ihtr rowr¢¢$ will be rgC91ved and thg tnongiary valutr ol inwming resources ¢an be m88sured wrth suffiaenl r8bkqbthly. Expendlturè Liabilit$ we gnIsed as reswrces exrnded as s(K)n as there Ss a legal or conslrudive obligation commiltsr¥J Ihe Charity lo the expendl1u. All expendilvre i8 accwnted for M an a¢cruals ba$ aTrJ has be da$sCi hea¢ji$ Ihat aggregate all tosts related to the Category. Iwrocovorablt VAT Irr8co¥erabl8 VAT ts charged againsl the catew)ry of r$5tyJfC8s expended for whith it was Incurr. Governan w$ts Governance cosis o)mprise all costs invofving the publ accounlability ol the Charity and rts ¢ompliancewilh regulatK)n arm1 practi¢e. These costs inc1le costs relatfftg to accountants f885, the ind8petKt8nl exarninatson 8nd al fe8S. Unr05tricted funds The Cttarily's unrestricted lurk1s c(M)gSt of Thera1 r&wves whira) tho Charty may use for Ils rrtKrKJses al ils di8cr8t. Re¥trtcted lunds The Charity s reslrthd lurmjs are lIse luThJs may b8 8ppli9d kj purposes specified by thè Trust Dèod. INCOME 2024 2023 Voluntary Inme The Norrnan TaOr Educati¢wo1 atyj Avj lor th8 Ekjedy Trust
Page 8 THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY RETIRED PERSONS REGISTERED CHARITY NUMBER: 236102 NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDEO 5TH APRIL 2024 GRANTS PD 2024 2023 East Midlands H(ng Ass(tlalk South Court EnvinIne1 33,000 1.000 4.000 37.000 34,000 Donations and gran¢s made are in wilh Ihe Chariws obiectsves and 8CtMti&8 8s described in Ih8 R8FYJrt of Ihe Twslee& OTHER COSTS 2024 2023 Governance costs Accountants atKI examinerfs f8èS 1.320 1.323 1.320 1.323 The Ch8rity has employees and the Truslees hav9 IK) remuneratth c expens85. TANGIBLE FIXED ASSETS- all d f<)r charltablo purposos Freehokl land and bulldings CosttValu¥titsn Al 61h April 2023 Revaluation in y8ar 150.000 At 51h April 2024 150,000 Depr•¢lallon At 8th April 2023 JThJ 51h Aw"12024 Net book amount At 5th Awl 2024 Al 5th Awl 2023 The IreeI land and builditw were independenlly valued by an aw>rowialely qualified Chartered Surve5u on ihe basis ol open m8rk8t lor existing use arwj tenants on 11 Febw8ry 2020. The Truste95 hav8 fevwed the currgni market and ¢ondthon of the Prop and tonskler the valuation lo be le fair value as al 5 A1 2024. DEBTORS Amounts lalllng due wlthln on8 year 2024 2023 The Norman TaOor Educatial arKI fc( Ihe Elderly Twusl
Page 9 THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS EGISTERED CHARITY NUMBEIL. 236102 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024 CREDITORS lunounts falllng du• wlthln one year 2024 2023 A¢¢ftJals ANALYSIS OF CHARITABLE FUNDS At 6th Aprfl 2023 At 5th Aprll 2Q24 Galn (105ses) ExpgNJltur• Unr¢$trlctsd funds Restrfded funds In accordance wth Ihe rtiv0S ol the Chaiity. Ihe restrictwy fund$ relale to the land and property at Ablnglon Lodge. NET ASSETS BETWEEN FUNDS General Unfe$trKted RtrICtsd Total Fixed assets Cutten¢ asset8 Guffen¢ IBbilitie$ 150,(XX> 150,000 33.569 11.320} 33.569 11.320} 32.249 150.ODO 182,249 10. RELATED PARTIES The Trust9es regard Th8 Norman Educational arKI the El(*rty Trust as a rekled party ¢Sue to il hawng identsGal Trustees arKI sam8 Ijner During the year, The Norman Tor Educatsonal and for Ihe Eklerty Trust Pa expenses of £1.320 12023 - £1.2601 on behaff of The David Taylor Housn9 Trust and mad8 donations to them of £39.000 12023- £39.OWI. Al ihe year eRd The Norrnan Ta Educatwxbal lor Ihe Eklerly Trusl owed a amount of £17.787 to The Dawd Tayor Hous1r Trust for Ihe Ejty an¢J Reti Persons.
FOR TRUSTEES ReviEW PURPOSES ONLY THE OAVID TAYL(XI HOVSING TRUST FOR ELDERLY AN GISTER ARITY VM8 .. 23610 RED PERSON INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5T APRIL 2024 2024 Nots 02 INCOME DonaliDns Interest reteived 39.000 EXPENOITURE DSrect charltable Éxpendlture-.- Grant- East MkY8nd5 Housiro Assoc Grant- South Cour( Envwonrnental 33,0 1,000 37.C 34,000 Admlnistratlon expenses'.- Accountants and examiners feas 1.317 1.323 Total eyndilu 38.317 35,323 Surplus of irKx)M{expk1ittsreI fty the r 3.677 This page does Thol lorm wt ththg slatthory fift(1 statements