THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST REGISTERED CHARITY NUMBER 284859 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 JERVIS & PARTNERS CHARTERED ACCOUNTANTS 1351137 WELLINGBOROUGH ROAD RUSHDEN NORTHANTS NN10 9TE
THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST REGISTERED CHARtrY NUMBER: 284859 LEGAL AND ADMINISTRATIVE DETAILS LEGAL STATUS A registered charity formed by a Declaration of Trust dated 17th February 1982 TRUSTEES Mrs C. E. Allmark Ichaimianl M. J. Percival {Retired 11 July 20241 A. D. Miles F. T. G. Bird {Rets'red 11 July 20241 J. N. Pert(ins {Relired 11 July 2024) J. B. Brown S. V. Billings Mrs G. R. Evans (Appointed 11 July 20241 Mrs M Kneeshaw IAppoinled 11 July 2024) PRINCIPAL ADDRESS HCR Law Lancaster House Nunn Mills Road Northampton NN15GE BANKERS Cater Allen 9 Nelson Street Bradford BD15AN ACCOUNTANTS Jervis & Partners Chartered Accountants 1351137 Wellingborough Road Rushden Northants NN10 9TE SOUCITORS HCR Law Lancaster House Nunn Mills Road Northampton NN15GE STOCK8ROKERS Rowan Dartington
Page 1 HE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST REGISTERED CHARITY NUMBER: 284859 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 CONTENTS Pa Report of the Tru5te85 2and3 Ind8p•ndent Examlner's Report Statement of financlal actlvities Balance Sheet Noles to the financial statements 7t010
THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST Page 2 REGISTERED CHARITY NUMBER: 284859 REPORT OF THE TRUSTEES The Tnjstees present their annual report and audited financial slalements for the year ended 5th April 2025. The financial statements have be8n prepared on the accounting policies set OLrt in Note 1 of the financial statements and comply with the Charity's Trust Deed, applicable law and the requirement of the SORP "Accounting and Reporting by Charities" (FRS 102) issued In 2015 and the Charities Act 2011. The Charity has taken advantsge of the concessions afforded to smaller charities in respeet of presentation and disclosure in those financial statements. STRUCTURE. GOVERNANCE AND MANAGEMENT The Charity is governed by a Trust Deed dated 17th February 1982 which authorises the Board of Trustees lo perfonn the objects of the Trust. The recruitmen( appointment and training of new Trustees are conducted by exisiing Trustees. OBJECTIVES OF THE CHARITY The Norrrban Taylor Educational arbd Aid for the Elderly Trust was established in 1982 to make grants to the David Taor Housing Trust for Elderly and Retired Persons Iregislered Charity number 2361021 lo assist il in carrying out its objective of maintaining Abington Lodge and the land around it as a residential homestead for elderly and retired and the provision of homes for such people. Secondly. the Trustees are empowered to assist with education gTanls for people in the Borough of Northamptonshire and the Borough of Arbroalh. PUBLIC BENEFIT All of the Charity's activities are undertaken to rther our charitable purpose for the benefit of the public. The Trustees have had regard lo the Charity Commission guidance on public benefit in section four of the Charities Act 2011. The main benefits which have arisen during the year from the organisation's aims and activities are detsiled in the following sections and in the financial review. REVIEW OF THE DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR Mr. David Norman Taylor in his lifetime established two Charitable Trusls. He was an unmarried man and had no children. His wish was lo ensure that his land and property al Abington Lodge. Northampton and his olhgr inveslmenlg should be utilised after his death through Charilable Trusts for the benefit of elderlyand retired people. The David Taylor Housing Trust ovvns the land and property. The Aid for the Elderly Trust owns the investments. From the latter Trust, tt was also possible to provide educational grants for resrdents of the Borough of Northampton and the Borough of Arbroalh. To aid the admlnislralion over the years since Mr. Taylor's death, the Charitable Trusts have been run effectively as one. As per a Charity Commission inslruclion, separate annual accounts are prepared for each Charity. The David Taylor Housing Trust has continued to hold the land and property and to work with East Midlands Housing Association and SoLrth Court Environmental to ensure that this is available and maintained for the benefit of the residents of Abington Lodge in accordance with the instructions left by Mr. D. N. Taylor. The Educational Trust has made the final payment of a thra8 year grant awarded to a student at university, but has not made any further edlrcational awards in the current financial year. In accordance with their charitable objectives the Trustee8 have ulilised the monies from their investments to support the resident elderly and retired people of Abington lodge FINANCIAL RESULTS FOR THE YEAR The financial slalemenls for the year ended 5th April 2025 show a deficit of £18,798 {2024- surplus £30,796) in lolal funds,. this includes reallsed profits orb the sale of investments of £8.319 (2024 - profils £5,466). Unrealised losses on revaluation of investments were £7.3821£2024- profits £53.4511. POLICY ON RESERVES The Trustees consider that the unrestricted general fund £1.162,895 at 5th April 2025 12024 £1,181,693) is sufficient lo sustain its operats'ons should income generating activities be curtailed unexpectedly over the forthcoming year.
THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST Page 3 REGISTERED CHARITY NUM8ER: 284859 REPORT OF THE TRUSTEES - CONTINUED INVESTMENT POLICY Rowan Dartington, as Independent Financial Advisers, continued to manage the portfolio and ensure that the income of the Trust is maximised whilst safeguarding as far as possible the capital investments of the Charity. RISK ASSESSMENT POLICY The Trustees have assessed the major risks to which the Charity is exposed, in particular those related lo the operations and finances of the Charity, and are satisfied that systems are in place lo mitigate their exposure lo the major risks. PLANS FOR FUTURE PERIODS The Charty's future plans include the continued support of the elderly residing in the properties at Abington Lodge, and lo assist in the pmvision of facilities and aid for elderly and retired people in Northampton. When appli¢anls arise. to consider the support of children wanting lo go on lo further educalion in accordance with the objectives of the Charfty. TRUSTEES RESPONSIBILITIES The Tlustees are responsible for preparing the Ttuslees. Annual Report and the financial statements in acwrdance with applicable jaw and United TrQngdom Accounting Standards {United Kingdom Generally Accepted Accounts"ng Practice). The law applicable lo Charities In England & Wales requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resourGe5 of the Charity for Ihal period. In prepaiing these financial statements, the Tfustees are required to=. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent., slate whèther applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., Prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the Charity will Gontinue in operation. The Tnjstees are responsible for maintaining prop8r accounling records which disclose with reasonable accuracy, at any lime, the financial position of the Charity and enable them to ensure that the financial stalements Gomply with Ihe Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust D8ed. They are also responsible for safeguarding the assets of the Charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved for and on behalf of the Trustees on 17 November 2025 and were signed on their behalf by-" Mrs C E Allmark Chairman
Page 4 THE NORMAN TAYLOR EDUCATIONAL AND AID F LY TRUST REGISTERED CHARrrY NUMBER: 284859 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST IN RESPECT OF THE YEAR ENDED 5TH APRIL 2025 We report on the financial statements of the Charity for the year ended 5th April 2025 which are sel out on pages 5t010. Rèsponsibilitles and basls of report As the charity's trustees you are responsible for the preparallon of the atcounts in accordan with the requirements of the Charities Act 2011 {'tr Act,). Vve report in respect of our examination of the charity's accounts carried out under section 145 of the Act and in carrwng out our examination we have followed all the applicable Directions given by the Charity Commission under section 145{51(bl of th8 Act. Independent examlner's statement We have completed our examination. We confimi that no material matters have come lo ourattention in connection with the examination giving us catjse k) believe that in any material respect.. accounting records were not kepl in respect of the charity as required by section 130 of the Act: or 2. the accounts do not accord with those recordsl" or 3. the accounts do not comply with the applicable requirements concerning the form and coritent of accounts set out in th8 Charities {Accounls and Reports) Regulations 2008 other than any requirements that the aecounls give a 'true and fair view, which is not a matter consldered as part of an independent examination. We have no concerns and have come across no other mallers in connecllon with the examination to which attention should be drawn in this report in order to enablg a proper understsndlng of the accounts to be reached. JeiS & Partners Chartered Accountsnts 1351137 Welllngborough Road Rushden Northants NN10 9TE eQoU4L >p75 Date:
THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST Page 5 REGISTERED CHARITY NUMBER: 284859 ENT OF FINAN OR HE YEAR ENDED 25 2025 2024 Total Funds Unrestrlcted Funds Restricted Funds Total Funds Note Income Investment income Interest Fieceived 43,051 928 43,051 928 34,988 523 Total income 43,979 43,979 35,511 Expenditure Ralslng funds Investment management costg {15,840} (15.840} (15.224) Charitable activities Donations 139,000) 139.0001 {39.000) Grants paid Other cosls 18,874} {8,8741 (9,4081 Total expenditure {63,7141 (63,7141 (63,632) Property revaluatlon Net galnsl(lossesl on Investments Realised Ilossesllgains Unrealised Ilossesllgains 8,319 (7.382) 8,319 (7,3821 5,466 53.451 617 Net movement in funds {18,798} (18,7981 30.796 Reconciliation of funds:. Funds brought fojward 1.181,693 650.000 1,831.693 1,800,897 Total funds carried fonvard 10 1,162,895 650.000 1,812.895 1.831.693 There are no other recognised gains or losses for the year other than those contained in the statement offinancial aclivilies. The notes on pages 7 to 10 fomi part of these financial statements
THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST Page 6 REGISTERED CHARITY NUMBER: 284859 ANCE H APRI 2025 2024 Not8 Fixed assets Tangible fixed ass8ts 650,OCN) 650,000 Investments 1,152.024 1,161.362 Total flxed assets 1.802,024 1,811.362 Current assets Debtors Bank and cash 35,354 43.702 Total current assets 35,3S4 43,702 Liabllltlos Creditors.. amounts falling due within one year 24.483 23.371 Net current assets 10,871 20,331 Total assets less current liabilltles 1,812,895 1,831.693 The funds of the charlty: Unrestricted funds 10 1,162,895 1,181,693 Restricted funds 10 650,000 650.000 1,812,895 1.831,693 These financial statements were approved by the Trustees on 17 November 2025 and were signed on their behalf by:" Mrs C E Allmark Chalrma The notes on pages 7 to 10 fom) part of these financial statements
Pag8 7 THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST REGISTERED CHARITY NUMBER: 284859 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 ACCOUNTING POLICIES (8) General lTrforniatlon The Norman Taylor Educational and Aid for the Elderly Trust is a Charty registered in the United Kingdom. The address of the charity is given in the Legal and Administrative Infoimation. The nature of the Charity's operations and principal activities are fully detailed in the report of the Trustees on pages 2 and 3. The Charity constitutes a public benefit entity as defined by FRS102. (b) Basls of preparallon The financial statements have been prepared under the historical cost convention, with the exception that investments are included at market rale value. and in accordance with the Chartties Act 2011, and the Statement of Recommended Practice.. Accoutbting and Reporting by Charities {FRS102 20151 and applicable Accounting Standards. The Chattty has applied Update Bulletin 1 as published In February 2016 and does not irbclude a cash flow statement on the grounds th81 it is applying FRS1021A. Ic} Fixed assets and depreclatlon Fixed assets are reflecled atfair value. Any movemenl in valuation is taken lo the restricted fund. It is the Trustees. policy to maintsin all buildlngs to such a standard Ihal their estimated residual value is not less than their cost at any given time. and. consequently, no depreciation is necessary. Id> Investments Stocks and shares are included in the Balance Sheet at market value. which is deemed to be fair value. Both realised and unrealised investsnent gains and losses are shown in the stalement of financial activities. la} Income Bank interest and interest eamed on funds held by stockbrokers is staled gross and is included on a recèivable basis. Investment income is included on a receivable basis and includes recoverable income lax. ifj Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslwctive obligation committing the charity tr) thè expenditure. All expenditure is awounled for on an accruals basis and has been classified undèr headings thal aggregate all ctssts related lo the category. Ig) Irrecoverable VAT lThecoverable VAT is charged against the category of resources expended for which il was incurred. (h) Governance costs Governance costs comprise all costs involving the public accounlabilily of the Charity and its compliance with regulations and good practice. These costs include costs relating to accountants fees, the audit and legal fees. Unrestrlctad funds The Charity's unreslricled funds consist of general reserves, which the Charity may use for its purposes al its discretion. ui Restrlcted funds The Charily's reStrted funds ale those funds which may only be applied for purposes specrfied by the Trust Deed. (k) Designated funds The Charity's designated funds are those funds which the Trustees have elected to earmark for a speGifiG purpose. There is no restriction as to the use of these funds. Any balance remaining in the designated fund after the specific project has been completed may be transferred back to the unrestricted general fund.
THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST Page 8 REGISTERED CHARITY NUMBER: 284859 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 EXCEPTIONAL COSTS 2025 2024 ProfiV{Lossesl on sale of inve9tments 31 DONATIONS 2025 2024 Institutions David Taor Housing Trusl The donations are made in accordan with the objectives of the Charity to assist the elderty and retired. GRANTS PAYABLE 2025 2024 Individuals Educational The educational grants are made to individuals in accordance with the objectives of the Charity. OTHER COSTS 2025 2024 Governanee costs Legal and administration costs Accountancy fees Bank charges 6.282 2,592 6,488 2,520 8,874 9.408 The Charrty has no employees. and the Trustees receive no rernuneralion or expenses.
THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST Page 9 REGISTERED CHARITY NUMBER: 284859 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 TANGIBLE FIXED ASSETS Freehold land and bulldings Valuation At 6th April 2024 Re-valuation 650,0(K) At 5th April 2025 650,000 Depre¢iatlon Al 6th April 2024 and 5th April 2025 Net book amounl At 5th April 2025 Al 5th Aprll 2024 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 currenl market and condition of the property and consider the valuation lo be the fair value as al 5 April 2025. Total 2025 Total 2024 FIXED ASSET INVESTMENTS All used for charitable purposes Valuation at 6th April 2024 Additions al cost Dlsposals al market value Unrealised gainslllosses) 1,161,362 334,098 {336,0541 17.382) 1.138.33fj 978,445 (1,008,8701 53,451 Valuation at 5th April 2025 1.152,024 Historfcal cost at 5th April 2025 DEBTORS Amounts falling due within one year 2025 2024 Accrued investment income CREDITORS Amounts falling due wllhln one year 2025 2024 Accrued expenses David Taylor Housing Trust 3,834 20,649 5,584 17,787 24,483 23,371
Page 10 THE NORMAN TAYLOR EDUCATIONAL AND AID FOR THE ELDERLY TRUST REGISTERED CHARITY NUMBER: 284859 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 10. ANALYSIS OF CHARITABLE FUNDS 6th April 2024 Galnsl Transfer (losses) 5th Aprll 2025 Income Expendlture Unrestrlcted funds General fund Designated fund 1.101.693 80.000 43,979 {63,714) 937 1.082.895 80.0(K) 1.187.693 43,g79 163,714) 937 1.162,895 Re$trlcted funds 650,000 650,000 The designated fund relates lo a reserve for the future repairs to 8rimlands Fam. The Trustees want I sel aside funds now so that there are adequate resources in the future lo meet the costs of any w(xk deemed to be required. The Trustees have agreed to cap this fund at £80,000. 11. CONNECTED CHARITIES Th8 Charity was established to make grants to The David Taylor Housing Trust for Elderly and Retir8J Persons (Registered Charity Number.. 236102). Donations Df £39,000 {2024- £39,000) were made to this Charity during the year. 12. TRUSTEES. REMUNERATION The Trustees were not entitled to, and did not reeeive any, remuneratton from the Trust during Ihe year or the previous year. 13. NET ASSETS BETWEEN FUNDS General Unrestricted Restri¢ted Total Fixed assets Current assets Current liabilities 1.152.024 35,354 {24,483} 650,000 1,802,024 35,354 124,483) 1,162,895 650,000 1.812,895 14. RELATED PARTIES The Trustees regard The David Taylor Housing Trusl a5 a related party having identlcal Trustees and the same founder. During the year, The David TaOr Educational and Aid for the Elderly Trust paid net expenses of £2.862 on behalf of The Norman Taylor Housing Trust and made donations lo thern of £39.00012024 - £39.0001 At the year end The Nomian Taylor Educational and Aid for the Elderfy Trust owed a nel amount of £20,64912024 - £17,787} lo The David Taylor Housing Trust.