THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS REGISTERED CHARI￿ NUMBER 236102 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 JERVIS & PARTNERS CHARTERED ACCOUNTANTS 1351137 WELLINGBOROUGH ROAD RUSHDEN NORTHANTS NN10 9TE THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS REGISTERED CHARITY NUMBER: 236102 LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES MT5 C. E. ￿lmark {Chairmanl M. J. Percival (Retired 11 July 20241 A. D. Miles F. T. G. Bird (Retired 11 July 20241 J. N. Perkins (Retired 11 July 20241 J. B. Brown S. V. Billings Mrs G. R_ Evans (Appointed 11 July 20241 Mrs M. Kneeshaw {Appoinled 11 July 2024) PRINCIPAL ADDRESS HCR Law Lancaster House Nunn Mills Road Northampton NN15GE BANKERS Cater Allen 9 Nelson Street Bradford BD15AN ACCOUNTANTS Jervis & Partners Chartered Accountants 1351137 Wellingborough Road Rushden Northanls NNIO 9TE SOLICITORS HCR Law Lancaster House Nunn Mills Road Northampton NN15GE THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS Page 1 REGISTERED CHARrrY NUMBER: 236102 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 CONTENTS Pa Report of the Trustees 2and3 Independant Examlner's Report Statement of financial actlvltles Balance Sheet Notes to the financial statements 7t09 THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND REfiRED PERSONS Page 2 REGISTERED CHARITY NUPJIBER.. 236102 REPORT OF THE TRUSTEES The Trustees pregenl their annu81 report and unaudited financial statements for the year ended 5th April 2025. The flnancial statements have been prepared on the accounting policies set out in Note l of the finan¢ial slalements and Comply with the Charitys Trust Deed, applicable law and the requirement of the SORP °Accounting and Reporting by Charities" IFRS 1021 issued in 2015 and the Charities Act 2011. The Chartty has taken advantage of the concessions afforded to smaller charities in respect of presentation and disclosure in those financial statements. STRUCTURE. GOVERNANCE AND MANAGEMENT The Charity is governed by a Trust Deed dated 4th July 1964 which authorises the Board of Twstees lo perf the objects of tPie Trust. The recrultmenl, appointment and training of new Trustees are conducted by existing Truslees. OBJECTIVES OF THE CHARITY. The David Taylor Housing Trust for Elderly and Retired Persons was established in 1964 to maintain Abington Lodge and the land around tt as a residential homestead for elderfy and retired and the provision of homes for such people. PUBLIC BENEFIT All of the Charity's activities are undertaken lo further our charitable purpose for the benefit of the public. The Trustees have had regard lo the Charity Commission guidance on public benefit in section four of the Charit￿$ Act 2011. The main benefits which have arisen during the year from the organisalion's aims and activities are detailed in the following seclior15 and in the financial review. REVIEW OF THE DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR Mr. David Norman Taylor in his lrfetime established Iwo Charitsble Trusts. He was an unmarried man and had no children. His wish was lo ensure that his land and property at Abington Lodge. Northampton be utilised after his death through Charitable Trusts for the benefit of elderly and retired people. Mr. Taylorfs second Trust, The Norman Taylor Educational and for the Elderly Trust. holds inveslmenls, with the income from thls being partially used lo provide donations to The David Ta￿or Housing Trust for Elderly and Retired Persons. To aid the administration over the years sin¢e Mr. Taylor's death, the two Charitable Trusts have been run effectively as one. As per a Charity Commission instruction. separate annual accourhls are prepared for each Charity. The Trust has continued to hold the land and property and to work with East Midlands Housing Association and South Court Environmental to ensuTe that this is available and maintained for the benefit of the residents of Abington Lodge in accordance with the instructions left by Mr. D. N. Taylor. FINANCIAL RESULTS FOR THE YEAR The financial statements for the year 8nded 5th April 2025 show a surplus of £64412024- £683) on unrestricted funds bringing the total funds to 8 surplus of £182,893 (2024 - £182,249). POLICY ON RESERVES The Trustees consider that the UllTeslttcled general fund £32,893 al 5th April 202512024 - £32,249) is sufficient to sustain its operations should income generating aclivitses be curtailed unexpectedly over the forthcoming year. RISK ASSESSMENT POLICY The Trustees have assessed the major risks lo which the Charity is exposed, in particular those related to the operations and finances of the Charity. and are sats'sfied that systems are in place to mitigate their exposure lo the major risks. PLANS FOR FUTURE PERIODS The Charity's future plans include the continued provision of housing and associated amenities for persons of limited means being either the elderly or retired. Page 3 THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS REGISTERED CHARITY NUMBER: 236102 EPO F THE TRUSTEES- C INUED TRUSTEES. RESPONSIBILITIES The Trustees are responsible for preparing th8 Trustees, Anr)ual Report and the financial stslements in accordance with applicable law and Unilad Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice}. The law applicable to Charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of th8 State of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In pr8paring these financial statements, the Trustee$ are required tD:_ select suitable accounting policies and then apply them consistently- observe the melhod5 and principles in the Charities SORP. make iudgemenls and estimates that are reasonable and prudent- state whether applicable acGounting standards have been followed. subject to any material departures disclosgd and explained in the financial statements., 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 maintaining proper 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 (Accounls and Reports) Regulations 2008 and the provisions of the Trusl Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonabla steps for the prevention and detection of fraud and other irregularities. Thls report was approved for and on behalf of the Trustees on 17 November 2025 and were signed on their behalf by:" Mrs C E Allmark Chairman Page 4 THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS RE CHARITY NUMBER: 236102 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS IN RESPECT OF THE YEAR ENDED 5TH APRIL 2025 We report on the financial statements of the Charity for the year ended 5th April 2025 which are set out on pages 5t010. Responslbilities and basis of report As the charlty's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.lhe Ael,). We report in respect of our examination of thè Charrt￿S accounts carried out under section 145 of the Act and in carrwng out our examination we have followed all the applicable Directions given by the Charity Commission under section 14515){bl of thè Act. Independent examlneffs statement We have completed our examination. We confimi that no material matters have come to our attention in connection with the examination giving us cause to believe thal in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act- or 2. the accounts do not accord with those records; or 3. the accounts do not corrTrply with the applicable reqLJiremenls concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a Yrue and fair view, which is not 2 matter considered as part of an independent 8xamination. We have no concerns and have come across no other matters in connection with the examination to wh￿h attention should be drawn in this r8POrt in order lo er)able 8 proper understanding of the accounts to be reached. Jervi$ & Partners Chartered Accountants 1351137 Welllngborough Road Rushden Northants NN10 9TE Datè: LLbeCoL1Lb￿ JDX THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND REfiRED PERSONS Page 5 REGISTERED CHARrrY NUMBER: 236102 NT OF FINAN ACTIVITIE OR THE YEAR END 5TH AP 202 2025 R9$trlcted Funds 2024 Total Funds Unrestricted Funds Totsl Funds Note In¢ome Voluntary income 39,000 39,000 39.000 Interest received Total income 39,000 39,000 39,000 Expenditur• Charllable activiti•$ Grants paid 37,000 37,000 37,000 Other costs 1,356 1,356 1,317 Total expendlture 38,356 38,356 38.317 Not galns{losses} on flxed assets: Unrealised gain on property ievaluation Net movement In fund$ 644 683 Re¢onclliation of funds:. Funds brought forward 32.249 150.000 182.249 181.566 Total funds carried forward 32.893 150.000 182,893 182.249 There are no other recognised gains or losses for the year other than those conlained in the statement of fi'nancial activilies. The notes on pages 7 to 9 fomi part of these financial statements Page 6 THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS REGISTERED CHARITY NUMBER: 236102 BALANCE SHEET AT 5TH APRIL 2025 2025 2024 Note Flxed assets Tangl1￿e fixed assets 150,000 150,000 Current assets Debtors Bank and cash 20,649 13.600 17,787 15.782 Total current assets 34,249 33,569 Llabllltles Credltors: amounts falling due within one year 1,356 1.320 Net current assets 32,893 32.249 Total a$sets1oss current liabilitles 182.893 182,249 The funds of the Charity:. Unrestricted funds Accumulated fund 32,893 32.249 Restrlcted funds 150.000 150,000 182,893 182,249 These financial statements were approved for and on behalf of the Trustees on 17 November 2025 and were signed on their behalf by:" Mrs C E Allmark Chairnian The notes on pages 7 to 9 form part of these financial statements Page 7 VID TAYLO HOUSING TRUST FOR ELDERLY ND SONS REGISTERED CHARITY NUMBER: 236102 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 1. ACCOUNTING POLICIES (a) General Informatlon The David Ta￿0[ Housing Trust for Elderfy and Retired Persons is a charity registered in the United Kingdom. The address of the Charity is given in the Legal and Administrative Infomialion. The natUTÈ of the Charity's operations arhd principal activrties are fully detailed in the Report of the Trustees on pages 2 and 3. The Charity conslitules a public benefit entity as defined by FRS102. Ibl Basls of prèparatlon The financial stalements have been prepared under the historical cost convention, with the exception that investments are included al market late value. The financial statements are prepared in accordance wSlh the Statement of Recommended Practice.. A￿oUntIng and Reporting by Charities IFRS 102} and applicable Accounting Standards 2nd the Charities Act 2011. The Charity has applied Update Bulletin 1 published in February 2016 and does not include a cash flow statement on the grounds that il is applwng FRS102 1 {cl Fixed assets and depreciation Fixed assets are rellected at fair value. Any movement in valuation is taken to the restricted fund. 11 is the Tnjstees, policy lo maintain all buildings to such a standard that their estimated residual value is not less than their cost al any given time, therefore no depreciation is necessary. {d) Incomè All incoming resourees are recognised once the Charity has entitlement to the resources, It certain that the resourees will be received and the monetary value of incoming resources can be measured wlh sufficient reliability. {e) Expendlture Liabilities are recognised as resour￿$ expended as soon as there is a legal or conslruclive obligation committing the Charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related lo the category. Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it was incurred. Igl Govemance cost$ Governance costs comprise all costs involving the public accountability of the Charity and its Complian￿ with regulation and good practice. These c()sts inclLKle costs relating to accountants fees, th8 independenl examination and legal fees. (h) Unrestri¢tgd funds The Charity's unrestri¢le¢J funds conslst of general reserves which the Charity may use for ils pun)oses at its dis¢rets"on. Restricted funds The Charity's restricted funds are those funds which may only be applied to purposes sp9cified by the Trust Deed. INCOME 2025 2024 Voluntary Income The Notman Taylor Educational and for the Elderly Trust THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS Page 8 REGISTERED CHARITY NUMBER: 236102 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 GRANTS PAID 2025 2024 East Midlands Housing Association South Court Environmental 33.000 4,000 33.000 4,000 37,000 37,000 Donations and grants made are in accordance with the Charity's objectives and activities as described in the Report of the Trustees. OTHER COSTS 2025 2024 Govèrnance costs Accountants and examinerfs fees 1,356 1,320 1.356 1,320 The Charity has no employees and the Trustees have no remuneration or expenses. TANGIBLE FIXED ASSETS . all used for ¢harltable purposes Freehold land and buildings Costlvaluation At 6th April 2024 Revaluation in year 150,000 Al 5th April 2025 150,000 Depreciation Al 6th ApTiI 2024 and 5th April 2025 Net book amount Al 5th April 2025 Al 5th April 2024 The freèhold land and buildings were independently valued by an appropnately qualified Chartered Surveyor on the basis of open market value for existing use and tenants on 11 February 2020. The Tnjstees have reviewed the current market and condition of the property and consider the valuation lo be the fair value as al 5 April 2025. DEBTORS Amounts falllng duè withln one year 2025 2024 The Norman Ta￿Or Educational and Aid for the Elderly Trust Page 9 THE DAVID TAYLOR HOUSING TRUST FOR ELDERLY AND RETIRED PERSONS REGISTERED CHARITY NUMBER: 236102 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5fH APRIL 2025 CREDITORS Amounts falling dug wlthln one year 2025 2024 Accruals ANALYSIS OF CHARITABLE FUNDS At 6th April 2024 At 5th Aprll 2023 Gainsl (losses) Income Expenditure Unr8stricl8d fvnds Restricted funds In accordance with the objectives of the Charity, the restricted funds relate to th8 land arKI property at Abington Lodge. NET ASSETS BETWEEN FUNDS General Unrestrlcted Restricted Total Fixed assets Current assets Current liabilities 150,000 150,000 34.249 11.3561 34,249 {1,3561 32,893 150,000 182,893 10. RELATED PARTIES The Trustees règard The Norman Taylor Educational and Aid for the Elderly Trust as a related party due to il having identlcal Trustees and the same founder. During the year, The David Ta￿Or Educational and Aid for the Eklerfy Trust paid net expenses of £2.862 on behalf of The Nomian Taylor Housing Tnjst and received donations from them of £39.000. At the year end The Norman Taylor Educational and Aid for the Elderly Trust owed a net amount of £20,649 to The David Taylor Housing Trust for the Elderly and Retired Pgrsons.