The John Turley Memorial Trust Company No ~~.~~ 02930198 Trustee's Report For The Year Ended 31 March 2025
The trustee presents his report and the financial statements for the year ended 31 March 2025 ~~.~~
Objectives and Activities
Aims and Objectives
1 ~~.~~ To provide housing and hostel accommodation in the community and any associated amenities for ex ~~-p~~ sychiatric patients and other persons suffering or recovering from mental handicap or disability (hereinafter called "patients") and for other persons in necessitous circumstances upon terms appropriate to their means ~~.~~
2 ~~.~~ To support by way of grants, loans of money or of provision of the use of[the][charity's][facilities,][advice][and][information][or][otherwise] howsoever any charitable trusts, associations or institutions formed for the benefit of patients ~~.~~
Significant Activities
The trustees have successfully managed the property at Downend House, 112 North Street, Downend, Bristol BS16 5SE ~~.~~ The Trustees have successfully re-let the property to Imperial Portfolios Limited ~~.~~ During 2023/24 the property was fully let enabling the Trustees to repay debt and build up its reserves ~~.~~
Public Benefit
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 ~~.~~
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Reference and Administrative Details
Trustee
Mr Christopher Whitmarsh ~~-E~~ veriss ~~-~~ Retired
Charity Number
0138472
Company Number
02930198
Independent Examiner
Christopher Ford Chartered Accountant Raymarsh Ford Limited Chartered Accountants 41 High Street Kingswood Bristol BS15 4AA
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The John Turley Memorial Trust Independent Examiner's Report to the Trustees of The John Turley Memorial Trust For The Year Ended 31 March 2025
| report to the charity trustee on my examination of the accounts of the Company for the year ended 31 March 2025 ~~.~~
Responsibilities and Basis of Report
As the charity trustee of the Company (and also its director for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”) ~~.~~
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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1 ~~.~~ accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2 ~~.~~ the accounts do not accord with those records; or
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3 ~~.~~ the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
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4 ~~.~~ the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached ~~.~~
CLeis Ford
Christopher Ford Chartered Accountant
21 January 2026 41 High Street Kingswood Bristol BS15 4AA
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The John Turley Memorial Trust Notes to the Financial Statements For The Year Ended 31 March 2025
- 1 ~~.~~ General Information
The John Turley Memorial Trust is a company limited by guarantee, incorporated in England & Wales, registered number 02930198 and registered charity number 0138472 ~~.~~ The registered office is ~~.~~
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2 ~~.~~ Accounting Policies
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2 ~~.~~ 1 ~~.~~ Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006 ~~.~~
The charitable company is a Public Benefit Entity as defined by FRS 102.
2 ~~.~~ 2. Incoming Resources
Incoming resources are recognised in the Statement of Financial Activities (SoFA) when the charity is entitled to the income, the amount can be measured reliably, and receipt is probable ~~.~~
~~Donations and legacies~~
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¢ Donations, gifts, and legacies are recognised when the charity has confirmation of entitlement, it is probable that the income will be received, and the amount can be measured reliably.
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« Donated goods and services are recognised as income at their estimated fair value when received, with a corresponding expense for the related use or distribution.
Grants receivable
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e Grants are recognised when the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably ~~.~~
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« Where a grant is performance- ~~r~~ elated, income is recognised only when the conditions attached to its receipt have been met. « Grants received in advance of entitlement are deferred and recognised asa liability until the conditions for recognition are satisfied.
Charitable activities income
- e Income from charitable activities includes fees, contractual payments, and performance ~~-r~~ elated grants ~~.~~ Such income is recognised when the charity has provided the relevant service or met the performance conditions.
~~Income from other trading activities~~
- e Income from fundraising events and trading activities is recognised when the event has taken place or the goods have been supplied, net of any related direct costs.
Investment income
- « Interest and dividends are recognised on an accruals basis when the right to receive payment is established.
Other income
- e Other income is recognised on an accruals basis when receivable.
Deferred income
- « Income received in advance of entitlement is deferred until the charity becomes entitled to the income.
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The John Turley Memorial Trust Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
2 ~~.~~ 3 ~~.~~ Resources Expended
Expenditure is recognised on an accruals basis as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required, and the amount can be measured reliably ~~.~~
All expenditure is classified under headings that aggregate costs related to the category ~~.~~ The following accounting policies are applied to each expenditure heading:
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« Expenditure on Raising Funds- Includes the costs of fundraising events, trading activities carried out to raise income, and the costs of managing investments ~~.~~ These costs include both direct costs and support costs where applicable.
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e Expenditure on Charitable Activities - Includes all costs incurred in the fulfilment of the charity’s objectives ~~.~~ This comprises direct costs of activities undertaken together with associated support costs. Grants payable are recognised when a commitment has been made that cannot be withdrawn, or when the recipient has a reasonable expectation that they will receive the grant.
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¢« Support Costs and Allocation ~~-~~ Support costs, which include the central functions such as governance, finance, HR, and IT, are allocated to activity cost categories based on an appropriate cost driver, such as staff time, direct expenditure, or headcount ~~.~~
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« Governance Costs ~~-~~ Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice ~~.~~ This includes audit fees, legal advice for trustees, and costs associated with constitutional and statutory requirements ~~.~~
2.4. 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
2 ~~.~~ 5 ~~.~~ Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other shor ~~t-~~ term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts ~~.~~
- Investment Income
| 2025 2024 |
2025 2024 |
2025 2024 |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Unrestricted |
|||||||||
| funds funds £ £ |
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| Bank interest receivable | ~~-~~ | 34 | |||||||
| Dividends from investments | 94 | 31 | |||||||
| 94 | 65 |
4. Analysis of Expenditure
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2025
Activities
undertaken Support costs
directly (see note 5 ) Total
£ £ £
Housing accommodation for those with mental health issues 399 65,238 65,637
2024
Support costs
(see note 5 )
£
Housing accommodation for those with mental health issues 38,833
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