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2022-03-31-accounts

Charity registration number: 260741

A P Taylor Trust

Annual Report and Financial Statements for the Year Ended 31 March 2022

MG Group Professional Services Ltd 166, College Road, Harrow, Middlesex HA1 1BH

A P Taylor Trust

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 16

A P Taylor Trust

Reference and Administrative Details

Trustees Mary Aileen O'Connor Peter Chidwick M J Fitzpatrick Principal Office Homeleigh 68, Vine Lane, Hillingdon, Middlesex UB10 OBD Charity Registration Number 260741 Solicitors Worsdell and Vintner 2, Ivy House Road, Ickenham, Uxbridge Middlesex UB10 8NE Independent Examiner MG Group Professional Services Ltd 166, College Road, Harrow, Middlesex HA1 1BH

Page 1

A P Taylor Trust

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2022.

Objectives and activities

Objects and aims

The yearly income of the fund provided by the late Mr A P Taylor to be applied for use of the inhabitants of the parishes of Hayes and Harlington (as they existed on 9th January 1952) without distinction of political, religious or other opinion including the use for meetings, lectures and classes and for other forms of recreation and leisure time occupation eith the object of improving the conditions of life for the said inhabitants upon such terms and conditions and for the payment of such sums (if any) as the trustees may from time to time determine.

The trustees reviiew all grant applications made to the trust, and, subject to the application being made correctly, to fairly distribute grants, taking into account any special circumstances.

It is the trustees policy to grow the assets of the trust in line with inflation and to retain sufficient liquidity so that the immediate needs of the trust can be satisfied.

We have referred to the guidance contained in the charities commission general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Objectives, strategies and activities

During the year, the charity chose to offer additional support to the Harlington Hospice Association by awarding them a grant of £10,000.

Grant making policies

During the year, a total amount of £41,640 was distributed in grants to 67 local associations.

Achievements and performance

Taking into account the general market during the year the trustees are satisfied with the investment performance.

Financial review

Policy on reserves

It is the trustees policy to retain sufficient liquidity so that the overheads of the trust can be met over a six month period.

Investment policy and objectives

It is the policy of the charity to increase the overall value of the trust by a minimum of the rate of inflation on an average basis due to a reduction in the valuation of investments held at the end of the year. There has been a loss in this year which the trustees will seek to rectify next year.

Total reserves carried forward have reduced by £15,747. The decrease is mainly due to the reduction in investment income for the year.

Receipts have remained consistent during the year.

Page 2

A P Taylor Trust

Trustees' Report

Structure, governance and management

Nature of governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of trustees

New trustees are appointed by the existing trustees who follow agreed guidelines to prepare a short list of candidates from which the new trustee is selected by all the existing trustees.

As a result of the sad demise of two of the trustees last year, the trust has appointed Mary Aileen O'Connor on 21 May 2021.

Organisational structure

The charity is administered by the trustees with the help of professional advisors as appropriate.

Page 3

A P Taylor Trust

Trustees' Report

Relationships with related parties

The trustees constitute the only related parties. There are no transactions of any kind with the trustees.

Reference and Administrative Details

Trustees

Mary Aileen O'Connor (appointed 21 May 2021) Peter Chidwick M J Fitzpatrick

Principal Office Homeleigh 68, Vine Lane, Hillingdon, Middlesex UB10 OBD Charity Registration Number 260741 Solicitors Worsdell and Vintner 2, Ivy House Road, Ickenham, Uxbridge Middlesex UB10 8NE Independent Examiner MG Group Professional Services Ltd 166, College Road, Harrow, Middlesex HA1 1BH

The annual report was approved by the trustees of the charity on 11 January 2023 and signed on its behalf by:

......................................... Peter Chidwick Trustee

Page 4

A P Taylor Trust

Independent Examiner's Report to the trustees of A P Taylor Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 6 to 16.

Respective responsibilities of trustees and examiner

As the charity’s trustees of A P Taylor Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the A P Taylor Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of A P Taylor Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting 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.

I 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.

...................................... Gavin Fernandes FCA, CTA For and on behalf of MG Group Professional Services Ltd.

166, College Road, Harrow, Middlesex HA1 1BH

11 January 2023

Page 5

A P Taylor Trust

Statement of Financial Activities for the Year Ended 31 March 2022

Unrestricted Total
funds 2022
Note £ £
Income and Endowments from:
Investment income 2 90,233 90,233
Other income 8,109 8,109
Total income 98,342 98,342
Expenditure on:
Raising funds (22,852) (22,852)
Charitable activities (45,687) (45,687)
Other expenditure (45,550) (45,550)
Total expenditure (114,089) (114,089)
Net movement in funds (15,747) (15,747)
Reconciliation of funds
Total funds brought forward 3,128,310 3,128,310
Total funds carried forward 11 3,112,563 3,112,563
Unrestricted Total
funds 2021
Note £ £
Income and Endowments from:
Investment income 2 105,886 105,886
Other income 125,006 125,006
Total income 230,892 230,892
Expenditure on:
Raising funds (26,615) (26,615)
Charitable activities (52,822) (52,822)
Other expenditure (45,550) (45,550)
Total expenditure (124,987) (124,987)
Net movement in funds 105,905 105,905
Reconciliation of funds
Total funds brought forward 3,022,405 3,022,405
Total funds carried forward 11 3,128,310 3,128,310

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 11.

Page 6

A P Taylor Trust

(Registration number: 260741) Balance Sheet as at 31 March 2022

2022 2021
Note £ £
Fixed assets
Tangible assets 7 1,981,952 2,027,502
Investments 8 888,600 883,679
2,870,552 2,911,181
Current assets
Debtors 9 4,922 4,440
Cash at bank and in hand 250,586 223,924
255,508 228,364
Creditors: Amounts falling due within one year 10 (13,497) (11,235)
Net current assets 242,011 217,129
Net assets 3,112,563 3,128,310
Funds of the charity:
Unrestricted income funds
Unrestricted funds 3,112,563 3,128,310
Total funds 11 3,112,563 3,128,310

The financial statements on pages 6 to 16 were approved by the trustees, and authorised for issue on 11 January 2023 and signed on their behalf by:

......................................... Peter Chidwick Trustee

......................................... M J Fitzpatrick Trustee

Page 7

A P Taylor Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

A P Taylor Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Income and endowments

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Grants offered subject to conditions which have not been met at the year end date are noted as commitment but not accrued as expenditure.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at 2% per annum in order to write off each asset over its estimated useful life.

Page 8

A P Taylor Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

2 Investment income

2 Investment income
Unrestricted
funds
Total Total
General 2022 2021
£ £ £
Interest receivable and similar income;
Interest receivable on bank deposits 6 6 35
Other income from fixed asset investments 4,921 4,921 11,413
Income from rents 85,306 85,306 94,438
90,233 90,233 105,886
3 Expenditure on charitable activities
Unrestricted
funds
Total Total
General 2022 2021
Note £ £ £
Grant funding of activities 41,640 41,640 49,750
Allocated support costs 4,047 4,047 3,072
45,687 45,687 52,822

Page 9

A P Taylor Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

Grant funding expenditure has been reduced in the current year due to cancelled grants of £1,600 issued in the previous year.

4 Grant-making

Below are details of material grants made to institutions.

Page 10

A P Taylor Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

2022 2021
Name of institution Activity £ £
Ad-Finem Bowling Association 300 300
Barra Hall Community Development
Community 1,000 -
Friends of Lake Farm 300 300
Harlington Bowling Club 500 300
Hayes End Garden and Allotment
Society 500 500
Hayes & Harlington Garden
Allotment Assoc 500 1,000
Hayes Horticultural Society 250 250
Hillingdon Play Assoc 500 500
Hillingdon People First 400 400
Rosedale Park Bowling Club 500 500
Sandgate Youth Football Club
(combined 5 sections) 1,000 1,000
St Clarets GFC 1,000 1,000
Harlington Hospice Association 10,000 10,000
Halo Childrens Foundation 500 -
Hillingdon Autistic Care and Support
for Hayes & Harlington 1,500 1,500
Hillingdon Mind 5,000 5,000
Hillingdon South Society for Mentally
Handicapped Children 500 -
Citizens Advice Hillingdon Ltd 750 -
Barnhill Community Centre 750 750
Crane Youth Community
Association "Pensioners Club" 500 500
Failte - Social Club for Irish
Members (Age UK) 2,000 2,000
St Marys Social Club 1,000 1,000
Westcome Lodge Social Fund 500 500
1st Harlington Girls Brigade 300 300
1st Hayes End Girls Brigade 300 300
1st Harlington Rainbows 300 300
1st Harlington Brownies 300 300
1st Harlington Guides 300 300
2nd Hayes Guides 300 300
2nd Hayes Rainbows 300 -
3rd Hayes Brownies 250 300
3rd Hayes Guides 300 300
3rd Hayes Rangers 300 300
4th Harlington Brownies 300 300
4th Hayes Rainbows 300 300

Page 11

A P Taylor Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

4th Hayes Brownies 300 300
4th Hayes Guides 300 300
8th Hayes Guides 300 300
9th Hayes Guides 300 300
Centenary Trefoil Guild 300 300
Heathrow Trefoil Guild 300 300
4th Hillingdon Boys Brigade (11-18
years) 300 300
4th Hillingdon Boys Brigade (Anchor
Boys Aged 4.5 - 7 years) 300 300
Hayes & Harlington District Scouts 300 300
North Hayes Explorer Scount Uniy
(PYRO) 300 300
1st Hayes Beaver Scouts 300 300
1st Hayes Cub Scouts 300 300
1st Hayes Scouts Group 300 300
3rd Hayes Scout Group 300 300
6th Hayes Scout Troop (St
Raphaels) 300 300
6th Hayes Beavers (St Raphaels) 300 300
6th Hayes Cub Hawks 300 300
6th Hayes Scout and Guide Group
(St Raphaels) 300 -
8th Hayes Scout Group 300 -
8th Hayes Cub Pack 300 300
8th Hayes Beaver Colony 300 300
10th Hayes Scout Group 300 300
10th Hayes Scout Cubs Group 300 300
10th Hayes Scout Beavers Group 190 300
2nd Harlington Scout Group 300 300
2nd Harlington Scouts (Beaver
Section) 300 300
2nd Harlington Cub Scouts 300 300
Harlington Womens Institute 450 450
Hayes Town Womens Institute 450 450
Hillingdon Asian Womens Club 450 450
3rd Hayes Cub Scout Group 300 300
3rd Hayes Beaver Scouts 300 300
Beck Youth Centre - 1,000
8th Hayes Scout Troop - 300
6th Hayes Beaver Scouts - 300
5ht Hayes Beavers - 200
5th Hayes Cub Scout - 200
9th Hayes Rainbows - 300

Page 12

A P Taylor Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

3rd Hayes Rainbows - 300
Hayes South District Guides - 300
1st Harlington Group - 300
9th Hayes Brownies - 300
St Raphaels Scout Group - 300
Charville Community Association - 600
St Raphaels Seniors Club - 400
Brookside Nice Elderly People's
Club - 500
Pretty Asian ladies Group - 500
C.H.A.D Consortium for
Housebound & Disabled Pensioners - 600
Hayes Stroke Club - 500
As-ONE Club - 500
U3A South Hillingdon Branch - 500
Jack hi Indoor bowls club - 500
Hayes End Community Centre - 500
Hayes & District Bowling Association - 500
Hayes & Harlington Scout Active
Support Unit - 300
Cancelled from prior year (1,600)
41,640
-
49,750

5 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

Page 13

A P Taylor Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

6 Taxation

The charity is a registered charity and is therefore exempt from taxation.

7 Tangible fixed assets

7 Tangible fixed assets
Land and
buildings Total
£ £
Cost
At 1 April 2021 2,277,500 2,277,500
At 31 March 2022 2,277,500 2,277,500
Depreciation
At 1 April 2021 249,998 249,998
Charge for the year 45,550 45,550
At 31 March 2022 295,548 295,548
Net book value
At 31 March 2022 1,981,952 1,981,952
At 31 March 2021 2,027,502 2,027,502
8 Fixed asset investments
2022 2021
£ £
Other investments 888,600 883,679

Page 14

A P Taylor Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

Other investments

Listed
investments Total
£ £
Cost or Valuation
At 1 April 2021 883,679 883,679
Revaluation 4,921 4,921
At 31 March 2022 888,600 888,600
Net book value
At 31 March 2022 888,600 888,600
At 31 March 2021 883,679 883,679
9 Debtors
2022 2021
£ £
Prepayments 4,922 4,440
**10 ** Creditors: amounts falling due within one year
2022 2021
£ £
VAT grant repayable 819 819
Other creditors - 1
Accruals 12,678 10,415
13,497 11,235
**11 ** Funds
Balance at
Balance at 1 Incoming Resources 31 March
April 2021 resources expended 2022
£ £ £ £
Unrestricted funds
General (3,128,310) (98,342) 114,089 (3,112,563)

Page 15

A P Taylor Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

Balance at Other Balance at
1 April Incoming Resources recognised 31 March
2021 resources expended gains/(losses) 2022
£ £ £ £ £
Unrestricted funds
General
General Fund 992,343 90,233 (114,089) 8,109 976,596
Revaluation of Property 2,065,269 - - - 2,065,269
Capital of Trust 70,698 - - - 70,698
3,128,310 90,233 (114,089) 8,109 3,112,563
Balance at
Balance at 1 Incoming Resources 31 March
April 2020 resources expended 2021
£ £ £ £
Unrestricted funds
General (3,022,405) (230,892) 124,987 (3,128,310)
Balance at Other Balance at
1 April Incoming Resources recognised 31 March
2020 resources expended gains/(losses) 2021
£ £ £ £ £
Unrestricted funds
General
General Fund 886,438 105,886 (124,987) 125,006 992,343
Revaluation of Property 2,065,269 - - - 2,065,269
Capital of Trust 70,698 - - - 70,698
3,022,405 105,886 (124,987) 125,006 3,128,310

12 Related party transactions

There were no related party transactions in the year.

Page 16

A P Taylor Trust

Statement of Financial Activities by fund for the Year Ended 31 March 2022

Total
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Income and Endowments from:
Investment income 90,233 105,886
Other income 8,109 125,006
Total income 98,342 230,892
Expenditure on:
Raising funds (22,852) (26,615)
Charitable activities (45,687) (52,822)
Other expenditure (45,550) (45,550)
Total expenditure (114,089) (124,987)
Net (expenditure)/income (15,747) 105,905
Net movement in funds (15,747) 105,905
Reconciliation of funds
Total funds brought forward 3,128,310 3,022,405
Total funds carried forward 3,112,563 3,128,310

Page 17

A P Taylor Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

Total Total
2022 2021
£ £
Income and Endowments from:
Investment income (analysed below) 90,233 105,886
Other income (analysed below) 8,109 125,006
Total income 98,342 230,892
Expenditure on:
Raising funds (analysed below) (22,852) (26,615)
Charitable activities (analysed below) (45,687) (52,822)
Other expenditure (analysed below) (45,550) (45,550)
Total expenditure (114,089) (124,987)
Net (expenditure)/income (15,747) 105,905
Net movement in funds (15,747) 105,905
Reconciliation of funds
Total funds brought forward 3,128,310 3,022,405
Total funds carried forward 3,112,563 3,128,310

Page 18

A P Taylor Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

Total Total
2022 2021
£ £
Investment income
Income from investment properties 85,306 94,438
Income from listed investments 4,921 11,413
Interest on cash deposits 6 35
90,233 105,886
Raising funds
Commissions payable (9,115) (10,563)
Light, heat and power (578) -
Insurance (5,118) (5,190)
Repairs and maintenance (3,450) (10,862)
Legal and professional fees (4,591) -
(22,852) (26,615)
Charitable activities
Grants payable - institutions (41,640) (49,750)
Sundry expenses (1,587) (732)
Accountancy fees (2,460) (2,340)
(45,687) (52,822)
Other expenditure
Depreciation of freehold property (45,550) (45,550)
(45,550) (45,550)

Page 19

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