# |TRUSTEES|M.J.Percival|| |---|---|---| ||A. D. Miles|| ||F.T.G. Bird|| ||J.N. Perkins|| ||J.B.Brown|| ||S.V. Billings|| ||Mrs C.E.Allmark|| |PRINCIPAL ADDRESS|HCR Hewitsons|| ||Lancaster House|| ||Nunn
Mills Road|| ||Northampton|| ||NN1 5GE|| |BANKERS|Cater Allen|| ||9 Nelson Street|| ||Bradford|| ||BD1 5AN|| |ACCOUNTANTS|Jervis 8 Partners|| ||Chartered
Accountants|| ||135/137 Wellingborough|Road| ||Rushden|| ||Northants|| ||NN10 9TE|| |SOLICITORS|HCR Hewitsons|| ||Lancaster House|| ||Nunn
Mills Road|| ||Northampton|| ||NN1 5GE|| |STOCKBROKERS|Brewin Dolphin|| ||St.James's Place Wealth|Management| ||Rowan Dartington|| ## |||Pacaee| |---|---|---| |Report ofthe Trustees||2 and 3| |Independent
Examiner's|Report|| |Statement offinancial activities||| |Balance Sheet||| |Notes to the financial statements||7to 10| ## ## ## ## ## ## # ## ## ## ## ## ## |||||2023||2022| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||Funds|Funds|Funds|Funds| |||Note|K|6|F|| |Income||||||| |Investment
income|||47,264||47,264|51,333| |Total income|||47,264||47,264|51,333| |Expenditure||||||| |Raising funds
Investment
management|costs||(6,865)||(6,865)|(7,752)| |Charitable
activities||||||| |Donations|||(39,000)||(39,000)|(39,000)| |Grants paid|||(2,000)||(2,000)|(4,000)| |Other costs|||(7,434)||(7,434)|(7,627)| |Total expenditure|||(55,299)||(55,299)|(58,379)| |Property
revaluation||||||| |Net gains/(losses)
on investments||||||| |Realised (losses)/gains
Unrealised
(losses)/gains||2
6/7|(1,418)
(88,413)||(1,418)
(88,413)|2,229
(2,967)| |Net movement
in funds|||(97,866)||(97,866)|(7,764)| |Reconciliation
offunds:-||||||| |Funds brought
forward|||1,248,763|650,000|1,898,763|1,906,527| |Total funds carried forward||10|1,150,897|650,000|1,800,897|1,898,763| ## ## ## ||||2023|2022|| |---|---|---|---|---|---| |||Note|||| |Fixed assets|||||| |Tangible fixed assets|||650,000|650,000|| |Investments|||1,138,336|1,242,045|| |Total fixed assets|||1,788,336|1,892,045|| |Current assets|||||| |Debtors|||9,348|51,843|| |Bank and cash|||26,275|22,394|| |Total current assets|||35,623|74,237|| |Liabilities|||||| |Creditors: amounts|falling|due|||| |within one year|||23,062|67,519|| |Net current assets|||12,561||6,718| |Total assets less|current|liabilities|1,800,897|1,898,763|| |The funds ofthe|charity:||||| |Unrestricted
funds||10|1,150,897|1,248,763|| |Restricted
funds||10|650,000||650,000| ||||1,800,897|1,898,763|| ## ## |(a)|General Information
The Norman
Taylor Educational
and Aid forthe Elderly Trust is a Charity registered
in the United| |---|---| ||Kingdom.
The address ofthe charity is given
in the Legal and Administrative
Information.
The| ||nature
of the Charity's
operations
and
principal
activities
are fully detailed
in the report of the| ||Trustees on pages 2and 3. The Charity constitutes a public benefit entity as defined
by FRS102.| |(b)|Basis ofpreparation| ||The financial
statements
have
been
prepared
under
the
histodical
cost convention,
with
the| ||exception that investments
are included at market rate value, and in accordance with the Charities| ||Act 2011,and the Statement ofRecommended
Practice: Accounting
and Reporting
by Charities| ||(FRS1022015)and applicable
Accounting
Standards.
The Charity has applied
Update
Bulletin| ||1 as published
in February 2016and does not include a cash flow statement
on the grounds
that| ||it is applying
FRS1021A.| |(c)|Fixed assets and depreciation
Fixed assets are reflected at fair value.
Any movement
in valuation
is taken to the restricted
fund.| ||It is the Trustees'
policy to maintain
all buildings
to such a standard
that their estimated
residual| ||value
is not less
than
their cost at any
given
time,
and,
consequently,
no depreciation
is| ||necessary.| |(d)|Investments
Stocks and shares are included
in the Balance Sheet at market value, which is deemed to be fair| ||value.
Both realised
and unrealised
investment
gains and losses are shown
in the statement
of| ||financial
activities.| |(e)|Income
Bank interest
and interest earned
on funds
held
by stockbrokers
is stated gross and is included| ||on a receivable basis.| ||Investment
income is included
on a receivable basis and includes recoverable
income tax.| ||Expenditure| ||Liabilities are recognised
as expenditure
as soon as there
is a legal or constructive
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 to the category.| |(g)|Irrecoverable
VAT
Irrecoverable
VAT is charged
against
the category
of resources
expended
for which
it was| ||incurred.| |(h)|Governance costs
Governance
costs comprise
all costs involving
the public
accountability
of the Charity
and
its| ||compliance
with regulations
and good practice. These costs include costs relating to accountants| ||fees, the audit and legal fees.| ||Unrestricted
funds| ||The Charity's
unrestdicted
funds consist of general
reserves,
which the Charity
may use for its| ||purposes
at its discretion.| ||Restricted funds| ||The Charity's
restdicted
funds are those funds which
may only be applied
for purposes
specified| ||by the Trust Deed.| |(k)|Designated
funds
The Charity's
designated
funds are those funds
which the Trustees
have elected to earmark
for| ||a specific purpose.
There is no restriction as to the use ofthese funds.
Any balance
remaining| ||in the designated
fund after the specific project has been completed
may be transferred
back to| ||the unrestricted
general fund.| ## ## ## ## ||||2023|2023|2022| |---|---|---|---|---|---| |||||8|8| |Profit/(Losses)|on sale|of investments|1|18|2 229| |DONATIONS|||||| ||||2023||2022| |||||8|E| |Institutions|||||| |David Taylor|Housing|Trust|39|000|39000| ## ## |GRANTS PAYA|BLE|||||| |---|---|---|---|---|---|---| ||||||2023|2022| |||||||8| |Individuals||||||| |Educational||||||4000| |The educational|grants|are made to individuals|in accordance|with|the objectives ofthe Charity.|| |OTHER COSTS||||||| ||||||2023|2022| |Governance costs||||||| |Legal and administration||costs|||4,914|5,221| |Accountancy fees|||||2,520|2,400| |Bank charges||||||6| ||||||7,434|7,627| ## ## ## |TANGIBLE FIXEDASSETS|||| |---|---|---|---| ||Freehold|land|| ||and buildings||| |Valuation|||| |At 6th April 2022|650,000||| |Re-valuation|||| |At 5th April 2023|650,000||| |Depreciation|||| |At 6th April 2022 and 5th April 2023|||| |Net book amount|||| |At 5th April 2023|650||0| |At 5th April 2022|~65||| ## |At 5th April 2022|||||||||~65| |---|---|---|---|---|---|---|---|---|---| |The freehold
land
and
buildings||were|independently|valued||by an appropriately||qualified|Chartered| |Surveyor
on the basis of open|market||value for existing||use|and tenants|on 11|February|2020. The| |Trustees have reviewed the current market and condition|||||ofthe|property
and|consider the valuation
to be||| |the fair value as at 5April 2023.|||||||||| |||||||Total|||Total| |FIXEDASSET INVESTMENTS
All used for charitable
purposes||||||2023f|||2022
6| |Valuation
at 6th April 2022||||||1,242,045|||1,254,072| |Additions at cost||||||60,699|||166,449| |Disposals at market value||||||(75,995)|||(175,529)| |Unrealised
gains/(losses)||||||(88,413)|||(2,947)| |Valuation
at 5th April 2023|||||||||1 24| |Historical cost at 5th April 2023||||||127
0|||| |DEBTORS|||||||||| |Amounts
falling due within one||year|||||||| |||||||2023|||2022| |||||||6|||6| |Accrued investment
income||||||9,348|||9,410| |David Taylor Housing
Trust|||||||||42,433| |||||||9,348|||51,843| |CREDITORS|||||||||| |Amounts
falling due within one||year||||2023|||2022| ||||||||||6| |Accrued expenses
David Taylor Housing Trust||||||3,955
19,107|||4,719
62,800| |||||||23,062|||67,519| ## ## ## ## ## ## ## ## ## ## ## ## ## ##