Registered number: 02930198
THE JOHN TURLEY MEMORIAL TRUST DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
Raymarsh Ford Limited Chartered Accountants 41 High Street Kingswood Bristol BS15 4AA
The John Turley Memorial Trust Directors' Report and Unaudited Financial Statements For The Year Ended 31 March 2023
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2—3 |
| Accountant's Report | 4 |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 9 |
The John Turley Memorial Trust Company Information For The Year Ended 31 March 2023
| Directors | Mr Bruce Simmonds |
|---|---|
| Mr Christopher Whitmarsh-Everiss | |
| Secretary | Mr Bruce Simmonds |
| Company Number | 02930198 |
| Registered Office | 3 Park Crescent |
| Frenchay | |
| Bristol | |
| BS16 1PD | |
| Accountants | Raymarsh Ford Limited |
| Chartered Accountants | |
| 41 High Street | |
| Kingswood | |
| Bristol | |
| BS15 4AA |
Page 1
The John Turley Memorial Trust Company No. 02930198 Directors' Report For The Year Ended 31 March 2023
The directors present their report and the financial statements for the year ended 31 March 2023.
Review of the Business
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITES
Objectives and aims
The aim of the charity is to provide supported housing accommodation in the community with head injuries, mental health issues, or other related life limiting conditions, and other vulnerable members of the community.
ACHIEVEMENT AND PERFORMANCE
The trustees have successfully managed the property at Downend House, 112 North Street, Downend, Bristol BS16 5SE. This had been leased to the Milestone Trust. On the 16 February 2022 the Milestone Trust gave notice to terminate their lease on the property with effect from the 1 September 2022. The Trustees have successfully re-let the property to Imperial Portfolios Limited.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as trustees. Under the requirements of the Memorandum and Articles of Association the trustees are electedto serve for a period of three years, with one third retiring by rotation at each Annual General Meeting, after which they must be re-elected at the next Annual General Meeting. Trustees can be subsequently re-elected without an absence from office.
All trustees give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the accounts.
New trustees are recruited by personal recommendation from the existing Board or individuals are identified who have previously worked with the mentally ill or disabled.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02930198 (England and Wales)
Registered Charity number
1038472
Registered office
3 Park Crescent Frenchay Bristol BS16 1PD
Trustees
BN Simmonds - Retired CD Whitmarsh-Everiss - Retired
Independent examiner
Raymarsh Ford Limited Chartered Accountants 41 High Street Kingswood Bristol BS15 4AA
Directors
The directors who held office during the year were as follows:
Mr Bruce Simmonds
Mr Christopher Whitmarsh-Everiss
Page 2
The John Turley Memorial Trust Directors' Report (continued) For The Year Ended 31 March 2023
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Bruce Simmonds Director
11 August 2023
Page 3
The John Turley Memorial Trust Accountant's Report For The Year Ended 31 March 2023
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of The John Turley Memorial Trust For The Year Ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The John Turley Memorial Trust For The Year Ended 31 March 2023 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of The John Turley Memorial Trust, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of The John Turley Memorial Trust and state those matters that we have agreed to state to the directors of The John Turley Memorial Trust, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The John Turley Memorial Trust and its directors, as a body, for our work or for this report.
It is your duty to ensure that The John Turley Memorial Trust has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The John Turley Memorial Trust. You consider that The John Turley Memorial Trust is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of The John Turley Memorial Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
11 August 2023
Raymarsh Ford Limited Chartered Accountants 41 High Street Kingswood Bristol BS15 4AA
Page 4
The John Turley Memorial Trust Income and Expenditure Account For The Year Ended 31 March 2023
| Notes TURNOVER GROSS SURPLUS Administrative expenses OPERATING SURPLUS Income from other fixed asset investments Other interest receivable and similar income SURPLUS FOR THE FINANCIAL YEAR |
2023 £ 51,349 51,349 (20,344) 31,005 129 16 31,150 |
2022 £ 50,544 |
|---|---|---|
| 50,544 (4,523) |
||
| 46,021 34 5 |
||
| 46,060 |
The notes on pages 7 to 8 form part of these financial statements.
Page 5
The John Turley Memorial Trust Balance Sheet As At 31 March 2023
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Investments 5 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 6 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS RESERVES Revaluation reserve 7 Income and Expenditure Account MEMBERS' FUNDS |
2023 £ £ 1,046,408 1,046,408 413 40,423 40,836 (32,471) 8,365 1,054,773 1,054,773 413 1,054,360 1,054,773 |
2023 £ £ 1,046,408 1,046,408 413 40,423 40,836 (32,471) 8,365 1,054,773 1,054,773 413 1,054,360 1,054,773 |
2022 £ £ 1,046,408 1,046,408 426 16,444 16,870 (39,642) (22,772) 1,023,636 1,023,636 426 1,023,210 1,023,636 |
2022 £ £ 1,046,408 1,046,408 426 16,444 16,870 (39,642) (22,772) 1,023,636 1,023,636 426 1,023,210 1,023,636 |
|---|---|---|---|---|
| 1,046,408 8,365 |
1,046,408 (22,772) |
|||
| 40,836 (32,471) |
16,870 (39,642) |
|||
| 1,054,773 | 1,023,636 | |||
| 1,054,773 | 1,023,636 | |||
| 413 1,054,360 |
426 1,023,210 |
|||
| 1,054,773 | 1,023,636 |
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Bruce Simmonds
Director
8 November 2023
The notes on pages 7 to 8 form part of these financial statements.
Page 6
The John Turley Memorial Trust Notes to the Financial Statements For The Year Ended 31 March 2023
1. General Information
The John Turley Memorial Trust is a private company, limited by guarantee, incorporated in England & Wales, registered number 02930198. The registered office is 3 Park Crescent, Frenchay, Bristol, BS16 1PD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the rental income derived from the property held by the Trust.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not provided
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2022: 3)
4. Tangible Assets
| Cost As at 1 April 2022 As at 31 March 2023 Net Book Value As at 31 March 2023 As at 1 April 2022 . Current Asset Investments Listed investments |
2023 £ 413 413 |
Land & Property Freehold £ 1,046,408 |
|---|---|---|
| 1,046,408 | ||
| 1,046,408 | ||
| 1,046,408 | ||
| 2022 £ 426 |
||
| 426 |
5. Current Asset Investments
Page 7
The John Turley Memorial Trust Notes to the Financial Statements (continued) For The Year Ended 31 March 2023
6. Creditors: Amounts Falling Due Within One Year
| . Creditors: Amounts Falling Due Within One Year |
||
|---|---|---|
| Other loans Accruals and deferred income |
2023 £ 25,919 6,552 32,471 |
2022 £ 25,919 13,723 |
| 39,642 |
7. Reserves
| . Reserves |
|
|---|---|
| As at 1 April 2022 Surplus on revaluation As at 31 March 2023 |
Revaluation Reserve £ 426 (13) |
| 413 |
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 8
The John Turley Memorial Trust Detailed Income and Expenditure Account For The Year Ended 31 March 2023
| TURNOVER Rental income GROSS SURPLUS Administrative Expenses Rates Light and heat Repairs and maintenance Premises insurance Accountancy fees Professional fees Other office costs Annual return OPERATING SURPLUS Dividends from other fixed asset investments - listed Other interest receivable and similar income Bank interest receivable SURPLUS FOR THE FINANCIAL YEAR |
2023 £ £ 51,349 51,349 1,830 396 10,461 3,894 1,044 2,540 70 109 (20,344) 31,005 129 129 16 16 31,150 |
2023 £ £ 51,349 51,349 1,830 396 10,461 3,894 1,044 2,540 70 109 (20,344) 31,005 129 129 16 16 31,150 |
2022 £ £ 50,544 50,544 - - (71) 3,383 990 - 121 100 (4,523) 46,021 34 34 5 5 46,060 |
2022 £ £ 50,544 50,544 - - (71) 3,383 990 - 121 100 (4,523) 46,021 34 34 5 5 46,060 |
|---|---|---|---|---|
| 129 | 34 | |||
| 31,005 129 16 |
46,021 34 5 |
|||
| 16 | 5 | |||
| 31,150 | 46,060 |
Page 9