Charrty registration numbèr 268523 (England and Vlales) THE LILI TAPPER CHARITABLE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE LILI TAPPER CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trusl M Webb8r J bber Charity numbor 268523 Principal address 31 lmS1oW Ro*J Cheadle Cheshire SK8 10R Indopond•nt ¢xaminor C J Sugarnian FCA TlsieS Lirnrted 31 Road Cheadle Cheshire SK8 1DR
THE LILI TAPPER CHARITABLE FOUNDATION CONTENTS Page Trustees, annual reF Indapendent examinerfs report Statement of finanoal areS Statement of finanaal position Notes to thè finanaal stataments 6-10
THE LILI TAPPER CHARITABLE FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2025 The trustees present their 8nnual report and finan¢ial slements for year ended SApril 2025. The fin8n¢yal statements have been prepared in aw)rdance wilh the acLounliThJ polic¥e5 set out in note 1 10 tha financial ststÈmèntS 8nd comply with the charitls goveming document, the Charities Act 2011 and "AccountirwJ and RèFKJrting by ChanliÈs". Ststemant of Recommende(I Practice applicab to chanties preparing their a¢¢ounts in ac¢x)rdance with the Finaniial Reporting Standard applicab$8 in the UK and Republic of Ireland IFRS 102}" (effecbve 1 January 20191. Obje¢tiv•s and •ctiviiies The prinup81 obiactNe ofthe trust 1$ lo provmle beneffts for charitw. In setting the objects and aims of the trust. the trustees ts)nfirm thal they h8ve given cx)nsiderion lo the Charity Commission published guidartce in lelatTr to th8 provk8ion of public b8nèffL To fulfil this obj'ective a number of donatiorts have been made during ihe year to waiiou5 organisatK)n8. The trustees made donations out of unrestriL#ed fvnds based on applThtions for donalK)ns recelved during thè ya8r and other worthy causes drawn to their attention. Any surplus fijnds are retsinwj foi f£rture use in moèb.ng Ihe aims of the trust, Aehi•v•m•nts and p•rfomianc• InvestmentpoliGy and performanc8 The tTuslees have o)nsidered their investment arrangements a sth"sfied with the investments rnade. Net investment losses during the year arThJunted to £112.85912024." Gains £329,457). Donations mado The main objectives of the trust have been met through Ihe year by the trustees authorising and maktng donations which totslled £265,01512024." £276.6181. The donath.ons were made to a variety of tharities. Flnaneial rnvièw Results forthe year The results for the year a shown on page 4. The trusteès (x)nsider tha yèar end fund posthon to be satisfacory. ReseThes policy The Irustses inlend lo distribute the incom& arising from year to y8ar. Howevw, they may retain the i[Orne from one yeai to the next in antiCApation of making Large donatnS in subsequent yeaTr. Ptr7ncpal funthng sourcs The principal funding sourcs of the trLtst ware incom• from investments £90.26212024'. £68.9921. Structurg. governance and managgmgnt The charty is LX)nlrolled by its goveming document. 8 of trust dated 4 July 1974. and constitutes an unincorporated charity. Thg trustees who semd during the year and up lo the date ot Sigrhaturg of the financial statem8nis were.. M Webber J Webber The kKwer lo appoint trustees is vested in the trustee& The trustees hava a duty to identify the risks to which the charity is e4)osed. The trii8tee8 conwder that ailequate controls are to mthgate the key rK8ks identttd.
THE LILI TAPPER CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 Th¢ Iwstees, relrt was apwoved by the Board ofTTu8tse3. Webber Trn5tse
THE LILI TAPPER CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LILI TAPPER CHARITABLE FOUNDATION I report lo the trustees on my examination of the finan31 ststements of The knli Tapper Charitable Foundation (the charity) for tha year erwjed 5 Apiil 2025. R•¥ponslbllltios and ba$1¥ of rgport As Ihe trustees ofthe tharity you are responsible for the prePar3t of the financial statsmenls in aryxJrdan¢8 with the raquiremenls ofthe Chanties AL# 2011. I report in respect of my examination of the ¢arttYs financral slatements Caled out under sedion 145 of the charib.es Act 2011. In carrying out my exarninats'on I have follow the Directions given by the Charty Commission utKler se¢tton 145151{bl of the CharitsA01 2011. Independent examinerfs ststsm•nl I have complel8d my 8xaminah"on. l o)nfimi that no rnatte have o)me trj my attention sn o)nneCti( with th¢ examination giving ma cause to bdieve that in any material r¢speet." acntIng records wwe rKJl kept in reskwd of the ¢arity as requwed by sedion 130 of fv Charities Act 2011. the finantaal statsm$nts do not ac¢ord with thoso reJ))rds: or the ffinancial ststefflents do not compty with Ihe appli(2ble reqU1ments Conrning the form and wntenl of finanryal stslemenls set OLrt in the Charities (Acujunts and Reports) Règulatlons 2008 other than 8ny requirement that tre financial statements gve a true and fair 0w, which is not a matter o)nsvJored as part of an independonl exarninat¥)n. I have no concems and have ca)me amss no othér matters in connection with the examination to vthich attention should be drawn in this report in ortler to enable a proper understanding of thè finan81 statements to reached. C J sugarnn FCA Tussie3 Limited 31 Wlmsbw Road Cheadle Cheshire SK8 10R UK
THE LILI TAPPER CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 Unrestricted Unrestricted lunds funds 2025 2024 Notss Income Investment 4icome 90.262 68,992 Expèndiiurè Investment management costs 18,548 13,904 Charilable alMIleS 267,243 278,705 Total r?ur expended 285,791 292.609 Net gainsl{Ic*ssesl on investn (112.859) 329.457 Net (expendlturelnGorne for the yearf N•t movement In funds 1308.388} 105,840 Fund balances at 6 April 2024 3,748.742 3.642.902 Fund balances at 5 April 2025 3.440,354 3,748,742 The statement of finanual actiwbe5 indudes all gains ar k)sses rwnised in the year. All income and expenditure derive from o)ntinuing acbwties.
THE LILI TAPPER CHARITABLE FOUNDATION STATEME OF FINANCIAL posrrioN ASAT5APRIL 2025 2025 2024 FIx8d ass•ts Invesknents 11 2.446,094 3.2>3.742 Cutywt a• Debtors Ca8h at bank and In hand 12 4.786 991.574 2,994 460.040 996.360 463.034 Crwjltorn: OU fvlltng duè ith one yr 12.1¢XI 18,0341 Nel ¢uTr&nt asstrts 455,000 TolAI As 1688 current IlalJlllti•s 3,440.354 3.748.742 Income funds uftrected fvnd$ 3.440.354 3.748.742 3.440,354 3.748,742 .e)l.Zo2 The finrA*1 statwnerts were 8rwwJ by thè Tnjstets on ......................... WebbgF Tru8tae
THE LILI TAPPER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 A¢¢ounting pollcles Charity InfOrntIOn The Lili Tapper Charrtalje FouNl8b"on is a re9lStered drIty in EnglaThJ aThJ and 15 UrnnrpOrated. The addre58 ofthe principa office L8 31 Wlmslow Road. Cheadle. Cheshire SK8 1DR. 1.1 Accounting convention The finanryal 5tataments have beerb prepared in aordan with the Charrbes Act 2011, FRS 102 'The Finana81 Reporb"ng Standard applicab in the UK and Reptjblic of Ireland. CFRS 102.1 and the charib.es SORP 'A(xx)unting and Reporting by Charrties.. Statement ol Recommended Pra applic3ble to charities preparing their accounts in aw)rdan(x wÈth tho Financaal Reporting Stsndald applicabk in the UK and RepLthli¢ of Ir&land IFRS 102)" leffethe 1 January 2019). The ffinaal statements havo bean wepared under Ihe histortsl cost conventM. M(YJifd to irKlude the revaluation of certain finan(ial assets at fair value. The prÈnopal a¢xounting polities 8dopted are sel out bèlow. 12 Golng con¢em At the lime of 8pprowng the finanual ststements. the trustees have 8 reasonable expecalion that the charity has adequate resourcès to continue in operab.onal existen for the fore5eeabb lulure. The trustees therefore contir¥Je lo adopt the goiNJ cnM basis of aox)ynlir¥J preparitvJ the finanLyal statements. 1.3 Charitablè fund# un$tricI$d funds are avaikble lor Ltse at the disc¥elion of the lJustees in fvrtherw( of their charitable objectives. 1.4 Incoming resources Income is recognised when the ¢harrty is legalty enlitled lo rt. the amourts can be measured reliably, and il is probable th81 the income wll be re(iv&J. 1.$ Resources expended Expenditure is wognised as 500n as th6Te is a legal or Constructi Obligltsn mMrtIIng the charity to that expendrture, rt 1$ probable that settlemerrt will be required, and the amount of the obligation can bg rneasured raliabty- All expenditure i8 accounted for on an acouals basis and has been li5t8d under headings that aggregate al the t))sts attribLrtabl8 lo that actiwty. Exp8nditure on rai9 fvn(ts is eynditlre inc4JYrad n) markaging instments to generate investment irmme. Expenditure on c8rit8blÈ activths is expenditure associated wrth grant making and indudes both the dire ¢o$ts and support costs raiating to thosè acbvibes. Govem8n¢8 costs are inclwred in the ger rnnning of the tharity are primarily u)ncemed with constitutional and ststLrtory requremerrts. 1.6 Fed as Inveslments sled Investments aro measured at fail Wdlue usirwJ the L*stng q[le market PTice. Changes in value are re¢o9nised in net InMe or expenditure.
THE LILI TAPPER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 A¢counllng polkl•s (Continu} 1.7 Financial instruments A finanrial asset or a financ4al liabrtty is rwnised onty when the tharrty tecAJmes a paty to (x)ntractLsal prowsions of the instrument Basic finanaal instruments are inthamy recognised at the arTh)rt r1vAble or payable ¥)&Jdlng any related transaction costs. Current assets and ¢wffenl liartieS are subsequenty measured at the $b or other con3iderab.on expected to b8 paid or received and not discounted. 1.8 Taxation The charity is exempt frorn ts¥ on its dritab athitÈs. 1.9 ForeTgn èxchang• Assets and Ik3bilities in foreign currertcies are translated into sterting at the rates of exchange ruling al the balance sheet date. TransactTrons in foreoqn vjrrenues ale tr¥n$lated at the rale of Èxchange ruling at the date ofthe transa(Aion. Exchange dsfferences are rèported in the statèmént offinancial 8(kntTres. Investment Unrestricted unre¢ted funds funds 2026 2024 Income from listed investments Bank interest receNab 55,891 34,371 38.675 30,317 90,262 68,992 Expendlture on raising lunds ilnTestrtctsd Unrestricted funds funds 202S 2024 Portfolio mwgemgnt costs 18,548 13,904 18,548 13,904
THE LILI TAPPER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Expenditure on charltsbl• a¢tlvltlos 202S 2024 Charitable donations (see note 5) 265,015 276,818 Share of support costs (see nola 61 Governance ¢x)$15 l$ee note 61 128 2,100 71 2.016 267,243 278,705 Charftable donations 2025 Grants 10 1nslitLrtnS." Social welfare AdvancemeFht of re[gS hannY Arts and c#JJbJre Other 230,000 s,000 17,500 12.515 265,015 Support Costs Support Gov•man¢e costs 2025 Support ¢x)sts Govemance Costs 2024 Bank charges 128 128 71 71 Independant axamin8rfs fee8 2.1(M) 2,1CKI 2.016 2,016 128 2.1 2,228 71 2.016 2.087 Anatysed betsyeen Charitable activitEes 128 2.1 2.228 71 2.016 2,087
THE LILI TAPPER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Net movoment in funds 2025 2024 The net movement in funds is stsled after charginty(uediiirMJl: Fées payable for the independÈnt examiriabon ofthe dty8 finanra81 ststements 2.1] 2,016 Truslees None of the Irustees lor any persons connecaed with thwn) TN0d any remuneration or baneffts from the charity during the year. Net gain(lOUse$l on Invèstments Unrestricted Unrostn"cl8d funds funds 2025 2024 Gainl(lossl on investments Exth8ngo iale movem&nts 1108.7111 (4.1481 329.913 14461 1112.8591 329,457 10 Taxation The chartty is exempt from tax on in¢ome and gains faNing within 5ecb.on 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeae GainsA¢i 1992 to Ihe exlenl that these are applied to its charitable objects. 11 Fixed asset invatm•nts Llsted invoslments Cost or valuation At 6 April 2024 Addibons Nel gain in valuatN)n and on th$po8* Disposal proceeds 3.293.742 226,159 1108,7111 1965,0961 At 5 April 2025 2,446,094 Carrying amount At 05 April 2025 2,446,094 At 05 April 2024 3.293,742
THE LILI TAPPER CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 12 Debtors 2025 2024 Amounts falling within one year. Other debtors Pr$payMlS and acuued income 4.680 2,994 4,786 2,994 13 Crnlitors: amounts falling due wrthin ont 2026 2024 Other wditors Ar£ruals and deferr8(l inwme 6,018 2.016 2,100 2.100 8.034 14 Unrostrfcted funds The unrestrided funds of th8 tharity compiise the Un0Xpen balances of donations and grant5 which aro not subjeL# to specific condittons by donots and grantors as to how they may be used. At 6 Aprl IoMIng R•sourc•s Gaim and 2024 resour¢e o¥nded Ios8e8 At5 April 2025 General fvnd$ 3.748.742 .22 (285,791) {112,8591 3,440,354 Pr•vlous year: At 6 Apnl 2023 Incoming R¢source¥ expended Gains and loss•s At S April 2024 Gènaral funds 3.642.902 68,992 (292,609) 329,457 3,748,742 1S Related party tr•nsa¢tlon$ There were no disc)sable rted party trartsacaion5 durffj the P024- None). 10-