Charity registration number 268523 THE LILI TAPPER CHARITABLE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE LILI TAPPER CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustses M Webber J WÈbber Charity number 268523 Prlnclpal address 31 lmS1¢¥ Road Cheadle Cheshire SK81DR Independent examiner C J SUgarm FCA Tusges knmiled 31 Wlmslow Road Cheadle Cheshire SK8 1DR
THE LILI TAPPER CHARITABLE FOUNDATION CONTENTS Page Trustees, annual report Independent examine¢s report Statement of financial acbvib.es Statement offinanaal Frf)th"on Notes lo the )Inanryal stslements 6-10
THE LILI TAPPER CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The trustees present their annual report and finanoal $eMen15 for the year ended 5 April 2024. The finanual statements have been prepared in accordan wth the accounting policjes sel out in note 1 to the finanaal statements and compty vthh the chanvs goveming d¢xument, the chatrb.es Act 2011 and "Accounting and Reporhng by Charities.. Statement of Recommended PraLce appli(2bl6 to thanties preparing their accounts in accordan with the Financkgl Re[)"nY Stsnilard am)lle in the UK and RepU1C of Ireland (FRS 1021" {efftive 1 January 2019). Objectives and activities The principal objective of the trust is to provide beneffts for charTbes. In setting the objeds and aims of the trust, the Injstees confim that they have gi consideration lo the Charity Commission published guiitance in relation lo the promson of puNic benefft. To fulfil this objective a number of donabons have been made during the year to vaTiOU5 onjanisations. The trustees made donations OLrt of unrestricted funds based on applicatK)ns for donations received during the year and other worthy causes drawn lo their attention. Any surplus frjnds are relained for future use in meeb'ng the aims of the trust, Aehl•vements and perforniance Investmentpolicy andperfomian( The trustees have COndered their current invesbnent arrangements and are satisfied wrth the investments made. Net investrnenl gains during the year amounted to £329,45712023." Losses £110,397). Donations made The main objèctives of the trust have been met through the year by the tnrstees authorising and ming don8tron8 which totalled £276,61812023." £143.500). The donations were made to a variety of charities. Financial review Resulls forthe year The results for the year are shown page 4. The trustees cOnderthe year end fijnd posrtK)n to be satisfactory. Reselves pol The trustees intend to distribLrte the income ariwng from year to year. However. they may retain the income from one year lo the next in anb"cipation of making lafge donations in subsequent years. Principal lunding soUS The principal fvnding sources of the trust were itome from vivesth)ents £68.99212023". £74.0191 supplemented by investment gains of £329,45712023= Losses £110.39n. Structurè. govemance and management The charty is controlled by its goverThng dcument. a tsed of trust dated 4 Juty 1974, and constlules an nincorporated charity. The trustees who served during the year arKI to the date of signalure of the finan(aal ststements were: M Webber J Webber The power to apwnt twst8es is vested in th& trusteas. The trustees have a duty to idenb.fy the risks to l)rch the ch8nty is eyposed. The trustees con5Jer that adequate controls are in place to Mgote the key risks identified_
THE LILI TAPPER CHARITABLE FOUNDATION TRUSTEES. REPORT (coKnNUED FOR THE YEAR ENDED 5APRIL 2(r24 Date.. 27.11: 21.......
THE LILI TAPPER CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LILI TAPPER CHARITABLE FOUNDATION I report to the trusts on my examinaiion of the financial statements of The Lili Tapper Charitable Foundation (the charity) for the year ended 5 Apnl 2024. Responsibilities and basis of report AS the truees of the tharity you are reSFOr1te for the preparatK)n (rf the financ4al ststements in accordance th the requiiements ofthe CharitiesAct 2011 (the 2011 AGt}. I report in respeLt of my examinalion of the Lantls financial statements iried out under sethon 145 of the 2011 Act. In carrying out my examin81K I have folk*1 all appIable Directtons given by th8 Charity Commission under secbon 14515llbl of the 2011 A(a. Independent examinerfs statement I hav8 completed my examination. I confimi that no matters have come to my attention in CA)nrtiCffi with th8 examination giving me cause to believe that in any material respect accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act. or the financial statements do not a<xord those records,. or the finanrial statements do not comply th the appli(3bk requirements conmIng the fomi and cx)ntent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the acwunts give a true and fair vie4Y whith is not a matter considered as part of an indepeThJent examination. I have no concerns and have come across no other matters in Cne(on with the examination lo which attention should be drawn in this report in order to en8Ue a proper unde(5tanding of the finanoal statements lo be reached. J Sugamian FCA sslgs Llmlted 31 Wilmslow Road Cheadle Cheshi SK8 1DR UK Datett.. 27 November 2024
THE LILI TAPPER CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5APRIL 2024 Unrestricted Unrestricted funds funds 2024 2023 Not05 Income Investment income 68.992 74,019 ExpeDdSture Investment managemerrt costs 13,904 12,494 Charitable activrties 278.705 145,618 Totsl resources expended 292,609 158,112 Net gainYJOosses} on investments 329.457 (110,397) Ngt Incomel{expendllurnl for tho yearl Net movement In funds 105,840 (194,4901 Fund balances at 8April 2023 3,642.902 3.837,392 Fund balances at S Aprtl 2024 3.748.742 3.642,902 The ststemenl of financi ath"vthe5 indudes all gatns and losse5 reCtl$ed in the year. Al income and expenditure derive from continuing activrties.
THE ULI TAPPER CHARrrABLE FOUNDATION STATEMENT OF FINANCIAL POSITION AS AT 5APRIL 2024 FIX[ a¥¥ots tnvaslrnents 11 3293.742 2.546.028 Debtor8 Cash at arKI in 12 1.097,441 1.098.PJ4 13 (8.0341 (1.9201 Net tAHrent 1.098,874 3.748.742 3,642.902 3.748.742 3fi42.9)2 3,748.742 3,642,W2 M Webbor Trust•e
THE LILI TAPPER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng polkles Charity Infonnation The Lili Tapr charitab Foundation is a registered charity in England and Wales and is UrnCor[raIed. The address of the principal office 1$ 31 lMS1oW Road. Chead. Cheshire SK8 1 DR. 1.1 Accountlng Convention The financial ststemenls have been prepared in a¢£Ord wtth the Chantie5 Act 2011, FRS 102 Tr Financial Reporb'ng Standard applicae in the UK and Republ of Ireland" fFRS 102") and the Charitie5 SORP "A¢xounb"ng and Repx)rbng by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordan vrilh the Financial Reporttng StaThJard applicable in the UK and RépuL4ic of Ireland IFRS 102)" leffectivo 1 January 2019}. The finan¢i81 ststements have been prepar&J under the historical cost convention, modified to incIe th8 revaluation of certain finala1 assets at fair vdue. The prinrypal aCCnting policies 8(Wed are set ¢xrt 1.2 Going concern At the tsme of approving the finan(aal slatements, the trustees have a reasonable expectation that the charty ha5 adequate ¥eSourS lo continue in operational eSten for the foreseeable future. The trusle8S therefore continue to adopt the goirKJ COnM basis of accounttng in prepanng the finala1 statemènts. 1J Charitsble funds Unrestricted funds are available fv use at the discrets" of Ihg trustees in furtherance of their charitable objectives. 1.4 Incoming resour¢8s Ir¢come is recognised when the charity is legally entitled to C the amounts ean measured reliably. and it is probable that the income wll be red. 1.5 R•8ouTrres expended Expenditure is recognised as soon as there is a legal or constructive obligakn.on commitbng the chartty to that expendrtUTe. it is probable th settlement will be required, and th8 amount of the obligation can be measured reliabty. All expenditure is accwnted fw on an accruals basis and has listed under he8thngs that aggregate all the costs attributstAe to that activity. Expenditure on raising funds is eynditure incurred in managirvJ investrnents to gerwata inveslment income. ExperKliture on tharrtable adivities is expendilure assOC4ated grant making and indudes both the dire¢ costs and support cosls relating to those activiis. Governan costs are those incurred in the general runniThJ of the tharity arKI are wmarily concerrd wth nst5tutional and statutory rgquirements. 1.6 Fixed assel Invstments Listed investments are measured al fair value using Ihe d¢)sing quoted market Ce. Changes in value are recognised in net income or extwdrture.
THE LILI TAPPER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies IContlnued} 1.7 Flnanclal Instruments A financial asset or a finanaal liabihty is recoJnised only wh8n ts charity tmynes a porty to Ihe contractual provisions of the instrument. Basic financid instruments are inthalty reccwised al the amoLHrt receivable or payable Ind1rj any related transaction cost5. Current assets and current liabilrties are bSequeY measu1 at the cash or other con5ideratron expected lo be paid or received and not (k'scounted. 1.8 Taxation The charity 15 exempt from tsx on rts (aritatAe a(vths. 1.9 Forelgn exchange Assets and liabilities in foreign currencies are trans]ated into sterfing at the rates of exthange ruling at the balance Sheet date. Transacttons in foreign currencies are tranlated at tho rale of exchange ruling al the date ofthe transaction. Exchange thfferences are repjrted in the statement offinan0 acbvities. Investment income Unrestricted Unrestricted funds fvnds 2024 2023 Income from listed investments Bank interest receivable 38,675 30,317 53.235 20,784 68,992 74,019 Expgndlture on fdlslng funds Unrestricted Unresthcted funds tunds 2024 2023 Portfol management costs 13,904 12,494 13,904 12,494
THE LILI TAPPER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Expenditure on charitabl8 activitses 2024 2023 Charitsble donations (see note 5} 276.618 143,500 Share of support costs {see note 61 Governance costs Isee note 6) 71 2,016 78 2,040 278.705 145,618 Charitable donatlons 2024 Grants to institutions.. Sooal welfare RelbJion & advancement of rdigK$ hamiony Arts and oJlture Other 202,000 56,018 13,600 5,000 276.618 Support costs Support Governance costs 2024 SupkY)rt costs Govemance costs 2023 Bank charges 71 71 78 78 Independent examin*s fees 2.016 2.016 2,040 2.040 71 2.016 2.087 78 2,040 2,118 Analysed beeen Charitable acbvrb'es 71 2.016 2,087 78 2,040 2,118
THE LILI TAPPER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Net TrKwgment in funds 2024 2023 The movement in knKts is stated after chargin1¢edthr9l'. Fees payable for the wthpendent examinat ofthe charty's ffinancial statements 2,016 2,040 Tntstees None of the trustees {or any persons connected ith tlw) rece1 arry remuneration or benefits from the chanty during ts year. Net galnslllossesl on inv8stments Unrtstrlcted unstriCted funds fttnds 2024 2023 Gainlllossl on investments Exthange rate movements 329,903 (4461 (114,416) 4.019 329,457 1110,397) 10 Taxation The charity is exempt from tax on irKome an(J gains falling ithin sectior 505 of the Taxes Act 1988 or section 252 of the T8xaknon of Chargethe GainsAcl 1992 to the extent that these are applied to its charitable objects. 11 Fixed assot inv•gtsnents Listed Investments Cost or valuation At 6 April 2023 Additions Net gain in valuation and on disposals Disposal prcceeds 2.546,028 657.236 329,903 1239,4251 At 5 April 2024 3,293,742 Carrylng amount At 05 April 2024 3,293,742 Al 05 April 2023 2,546,028
THE LILI TAPPER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 12 D&btors 2024 2023 Amounts falling due within one year. Prepaymerrts and 8cuued illLX)me 2,994 1,353 13 CredIto. amounts falltng due wlthin one year 2024 2023 Other creditors Accruals and deferred income 6,018 2.016 1,920 8,034 1.920 14 Unrestrl¢ted fund$ The unrestricled fvnds of the tharity compnse the unexpended balarKes of ¢*)natK)ns and grants which are not subject to specffic conditions by donors and gantcffs as to hthv they may be used. At 6 Aprfl 2023 Incomlng Resourcgs expended Galns and losses At 6 April 2024 General funds 3,642,902 68,992 (292,609) 329,457 3,748,742 Previous year. At 6 Aprll 2022 Inming Resourc85 pended Galns and At 6 Aprll 2023 General funds 3,837,392 74.019 1158.112) {110.397} 3,642,902 15 Related party tran$adlons There were no disdosable related party transac1$ during the year P023- None). 10-