THE TAURUS FOUNDATION
The Foundation makes grants to Charities of its own choice in furtherance of its charitable objectives.No replies or acknowledgements will be sent to unsolicited applications or correspondence.
Objects
THE OBJECTS ARE SUCH EXCLUSIVELY CHARITABLE PURPOSES AS THE TRUSTEES MAY FROMTIME TO TIME DECIDE. IT IS RECOGNISED THAT THE DEFINITION OF WHAT IS "CHARITABLE"ACCORDING TO ENGLISH LAW CHANGES OVER TIME AND IT IS INTENDED THAT (WHILSTNOTHING SHOULD BE DONE WHICH IS NOT EXCLUSIVELY CHARITABLE AT THE DATE THAT IT ISDONE) THE OBJECTS OF THE CHARITY SHOULD CHANGE IN LINE WITH THE LAWS OF ENGLANDSO THAT IN THE FUTURE THINGS MAY BE DONE (WHEN THEY ARE CHARITABLE) WHICH ARE NOTCHARITABLE AT THE DATE OF THIS DEED.THE TRUSTEES SHALL PAY OR APPLY OR CAUSE TO BE APPLIED AT SUCH TIME OR TIMES ANDIN SUCH MANNER AS THE TRUSTEES SHALL IN THEIR DISCRETION THINK FIT THE INCOME ANDIF AND IN SO FAR AS THE TRUSTEES SHALL THINK FIT THE CAPITAL OF THE CHARITY INPROMOTING THE OBJECTS.
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £751,473, having decreased from £1,074,949 in the prior year due to net expenditure exceeding income and gains. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees do not maintain a specific reserves policy target, stating that maintaining reserves at a specific level is not appropriate for a charity that is not a service delivery entity.
What the accounts disclose
“During the year, fees totalling £23,750 (2023 - £20,001) were paid to one of the Trustees for the provision of administration services in addition to normal duties carried out by a Trustee of the Foundation.” — page 18
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Structured financials (annual return, FY ending 31/12/2022)
Register events
- Received assets from another charity (04/10/2011)
Trustees
- ALAN GEOFFREY FENTONchair
- Anthony Felsenstein
- CAROLE ANN ELIZABETH COOK
- Charles Vermont
- Denis Felsenstein
- Dominic Fenton
- James Tristian Goodman
- Katherine Ekers
- PRISCILLA ROSEMARY FENTON
- Richard Felsenstein
- Wendy Flora Pollecoff
- ann clelland
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £25k | £394k |
| 31/12/2023 | £31k | £486k |
| 31/12/2022 | £646k | £356k |
| 31/12/2021 | £31k | £536k |
| 31/12/2020 | £1.3m | £675k |
Common questions
Is THE TAURUS FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £751,473, having decreased from £1,074,949 in the prior year due to net expenditure exceeding income and gains. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees do not maintain a specific reserves policy target, stating that maintaining reserves at a specific level is not appropriate for a charity that is not a service delivery entity. Its FY2024 accounts were independently examined.