TAUNTON AID IN SICKNESS FUND
Registered Charity No. 260716
REPORT AND UNAUDITED FtNANCIAL STATEMENTS
FOR THE
YEAR ENDED 31 MARCH 2024
CONTENTS
Legal and Administrative Details
Re[￿)rt of the Trustees
Independent Examinefs Report
Receipts and Payments Account
Statemenl of Assets and Liabilities
Notes to the Accounts

TAUNTON AID IN SICKNESS FUND
LEGAL AND ADMINISTIL4TIVE DETAILS
Taunton Aid in Sickness Fund is registerfd as a charity with the Charity Comtnission and the
registration number is 260716. It has a long history as a charity and it is currently governed by a
scheme dated 4 September 1963 as amended by two Schemes dated 22 July 1993 and 28 June 2018
respectively.
Address
clo A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TAI 2PX
Web51te
Trustees
Mrs J Sherwood (Chair)
Mrs M A Read (Chair of the Grdnts Committee)
Mr I Pinder (Treasurer retired 9 May 2023)
Mr A Osl)orne (Treasurer ap￿]nted 9 May 2023)
Mrs J M Allgrove
Ms K A Cressw¢ll
Dr J Davidson
Ms F L Grant
Dr R Lees
Mr P Moat
Mrs J E Willey
Itrk
Mrs H Knight

TAUNTON AID IN SICKN
ss
UND
REPORT OF THE TRUSTE
YEAR E
ED 31 MARCH 2024
The Trustees present their report along with the Unaudited Financial Statements of the Fund for the year ended
31 March 2024.
se and Aims
The purp)s¢ of the Taunton Aid in Sickness F¢tnd is to provide aid to sick pty)r residents in the area of Taunton
defined as that en¢losed by a circle. the centre being St Mary's Church. Taunion and the radius being five
mil¢s. The original area was that of the old Borough of Taunton and the civil parish of Trull. This area has
preference, should funds fail.
Further Infom)￿10￿ is available on the charity's website- see page l.
How our work meets our aims and delivers
ublic benefit
The Fund meets needs not ordinarily met by statutory organisalions. Applications ￿ received througJ]
applying agencies such as Social Services, local NHS Trusts and Ciiizens Advice. and are dealt with promptly
to the benefit of all who qualify. The Trusiees have referred to the guidance contained in the Charity
Corntnission's general guidance on public benefit when reviewing the Charity's aims and objtttives.
The Trustees made 25 grants lo individuals during the year amounting to £14.513 (2023 - 36 grants. £14,254)-
No grants were made to organisations during the year.
Structure Governance and Mana
ement
The Taunton Aid in Sickness Fund is Constituted by a tked of Trust and is a registered charity no. 260716.
The names of the Trustees who seryed throughout the year ended 31 March 2024. except where note￿ are as
set out on pag¢ l.
The consideration and prwessing of applications for grants is carried out by the Grants Committee which
consists entirely of Trustees and is adminis*red by the Clerk. It h&s b¢¢n the Trustees, usual prctice to m
twice a year and receive reFX)rts from the Grdnts Comtnittee and the agent who manages the Trust's investment
property, 21 Canon Stree( Taunton. The Chair ofthe Grants Committee can authorise grants up to £500. but
requests for greater amounts or unusual cases atr referred ts) Committee members.
Financial Review and Investment Polic
The accounts have been preparcd on a Receipts and Payments basis and are in accordance with the guidance
issued by the Charity Commission for small charities. There wa8 a surplus of receipts over payments for th¢
year of £6,347 (2023 - surplus of £1,104). The Charity is in a financia] position to distribute MO￿ funds and
the Trustees are pursuing all avenues to identify eligible benefici&ries.

TAUNTON AID IN SICKNESS FUND
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2024
Financial Review and Inveslment Polic
Continued
The Charity's main source of income is rent from otTices in Canon StreeL Taunton. This property
comprises two suite5 of offices. Curreni working patterns and economic circumstances have made the
offices less attractive lo tenants. The Truslees and their Agents have worked with the tenants to
maintain full occupancy. the Tntstees appointed a new mar￿1ng agent during the year UFM)n the
retirement of the long standing agent .Subsequeni lo the TAISF year ending 31st March 2024 the
trustees agreed the saic of the premises known a5 21 Canon Street Taunton . Completion was achieved
in September 2024.
Building repair costs totslled £204 this year (2023 - £985). The building is considcred to be structurally
Sound and in a fair stste of repair, but it would benefit from modernisation and improvements lo the
heating system and window5 $0 far &$ those are comwible with the building's li￿ed status.
Long t¢mi funds are held in Charities OtTicial Inve51ment Fund Incom¢ Units which pr￿lUCe income
for the Fund and have the Frf)tentiai for long-tertn growth. The value of COIF Units held at 31 March
2024 was £ 216.963 (2023 - £198,711).
Mosl of the liquid fund5 are invested in bank ￿CoUnts and deposit accounts designed for the charity
seclor.
Reserves Polic
In order to safeguard the fabri¢ of the Fund's building th¢ Tru*ees retain a sum of £22,292 itt a Repairs
Equalisation Resetve to meet ihe (051 of any major unforeseen repair costs. Ideally this should leave
unrestricted funds (which are the free reserves of th¢ Fund) at a level which equatrs to about six months
expenditure. Thi5 should provide sutTicient fund5 to cover administrntion costs and to respond lo
¢mergen¢y applications for grdnts which Come in from time to time.
Risk Man
¢ment
The Trustees have examined the m&jor strategic, business and operational risks which the Fund faces
and confimi that systems are in place to ensure thai all necessary steps are taken to lessen these risks.
On Behalf of the Committee of Tr￿SteeS
erwood
of Trustees
2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
TAUNTON AID IN SICKNESS FUND
YEAR ENDED 31 MARCH 2024
I report to the trustees on my examination of the accounts of Taunton Aid in Sickness Fund (the Fund)
for the year ended 31 Ma￿h 2024 which are s¢t out on pages S to 7.
Res
nsibilities and basis of r¢
As the charity trustees of the Fund you are responsible for the prepardtion of the accounts in
accord8n¢¢ with thc requirements of th¢ Charities Act 2011 {'the Ace).
I report in respect of my examination of the Fund's accounts carried out under section 145 of the 2011
Act and in ¢arrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 145(5Xb) of the 201 l Act.
Inde
ettdent examin
rfs slalement
I have completed rny examination. I confirni that no material matters have come to my attention in
connection with the examination giving m¢ cause to believe thal in any material resp¢ct:
(l) accounting r¢cords were not kept in r¢speci of the Fund &s required by section 130 of the Act.
or
(2) the accounts do not accord with those records.
I have no concerns and have come across no other matters in conn¢clion with the examination to
which attention should be drdwn in this re￿rt in order to en&bl¢ a proper understanding of the
ac¢ounts to be reached.
ItEd
Michael Cook Bsc FCA
A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Av¢nu¢
Taunton TA12PX
2025

TAUNTON AID IN SICKNESS FUND
RECEiYfs AND PAYMENfs AccouKr
YEAR ENDED 31 MARCH 2023
Notes
2024
2023
Income Recei
Investment Income'.-
Dividends
Bank and Other Interest
Rent
Services Recharged
5,785
5,785
334
14,650
3.111
18,250
2,357
27.296
1225
331
23,880
19
Grant refund5
C&sh float movement
TOTAL RECEIPTS
28,852
23.899
Direct Charitable Ex
nditure
Aid in Sickness Direct Grdnts=.
Individuals
Organisations
14,514
14.254
14.514
14.254
Oth¢r Ex
nditure
Clerical Assistance
Printin& Postage and Stationery
Trdvel
Room Hire
Website costs
Infomialion Commissioner Registration
Advice on change of tenancy arrnngements
Property Maintenance Costs
2,680
300
2.680
163
54
76
35
35
4.922
5.581
7,991
8.541
TOTAL PAYMENTS
22.505
22,795
Surplus of Rectipts over Payments for the Year
6.347
1.104
Cash at Bank and in Hand at 31 March 2023
68,613
67,509
Cash at Bank and in Hand at 31 March 2024
74.960
68,613

TAUNTON AID IN SICKNESS FUND
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 MARCH 2024
2024
MONETARY ASSETS
2023
Bank and Cash Balances
COIF Dew)sit A¢￿Unt
Bank CuTrent Account
19,¢J)O
55.960
19.000
49,613
Total per Receipts and Paym¢nts Account (page 5)
74.960
68,613
b)
Debtors
Held by Greenslade Taylor Hunt
Held by Went Weller
Interest R¢ceivable
2.169
2.500
62
Liabilities
NON-MONETARY ASSETS
Pro
- Pernian¢nl Endowment
Freehold Land and Buildings at 21 Canon Str¢eL Taunton are let as offices and valued for
insurdn¢e purp)ses on a replacement basis at £1.565.122 (2023 - £1.565,122). The open market
value is conside￿d lo be significantly less than the insured value.
b)
Shares - Endowed Funds
2024
2023
Investments in units of the Charities OtTicial Investment Fund
10618.48 Income Units at bid market valu¢
216.963
198,711
The endowed funds also include £5,500 held withtn the balanc¢ of £55.960 in the Lloyds Bank current
a¢¢ount and disclosed within Monetary Assets (see a￿Ve).
Signed on behalf of the
mmittee of Trustees on
i•T.
2025
Mrs J sherw(￿l (Chair of Trustees)
Mr A C Osix>rne
Trustee

TAUNTON AID IN SICKNESS FUND
INOTES TO THE Accouiyrs
YEAR ENDED 31 MARCH 2024
2024
2023
ANALYSIS OF PROPERTY MAINTENANCE COSTS
Insurance- reimbursed by tenants
Insurdnce
Wafrr Charges - reimbursed by t¢nants
Water Charges
Electricity- reimbursed by tenants
Electricity- on unoccupicd oifices
Repairs to the Property
Agent's Commission and Fees (incl VAD
558
316
347
300
380
20
1,977
456
204
1.585
2,206
224
985
945
4,922
5,581
ALLOCATION OF CASH BALANCES
The balance of cash at bank and in hand at 31 March 2024 is divided between the General
R¢s¢rve and the Repairs F4ualisation Reserve.
Generdl Rescrve
Repairs Equalisation Re5erYe
52,668
22.292
Balance per Accounts
74,960
airs E ualisation Reserve
Balance at l April 2023 and 31 March 2024
22,292
The Repairs Equalisation Reserve was set up by a decision of the Tnjstees to provide for major
repair5 to the property in future years. It is therefore a designated fund of the Charity. The
urrent value of the fund is ¢onsidered adequate for its PUTposes and therefor¢ no further funds
were added during the y¢aT ¢nded 31 March 2024.
General Reserve
Balance as al l April 2023
Add.. Surplus of Receipts over Payments for the Year
Balance at 31 March 2024
46,321
6,347
52,668