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2022-04-05-accounts

Names ofthe trustees for the charity,
ifany, (for example,
any custodian
trustees)		 the charity,
ifany, (for example,
any custodian
trustees)
Name Dates acted if not for whole
ear
Names and addresses ofadvisers
(Optional
information)
T eofadviser
Name		 Address
SOLICITOR
Natalie		 Lisa Ruth
TEESJOHN		 STREET ROYSTON HERTFORDSHIRE
Liversidge
SGB9BG
Name ofchief executive or names ofsenior staff members (Optional
information)
~
e		 ~ ~
Description ofthe charity's trusts
Type of governing
document
(ect
il'List l)c.ect, conslltLltlon)		 WILL TRUST
How the charity
is constituted
(ecJ Irost, assnciailorl,
conlpany)		 TRUST
Trustee selection methods
(eg appointed
by, eiectecl
f1y)		 APPOINTED BYTRUSTEE GROUP
Additional
governance
issues (Optional
information)
You may choose to include
additional
information,
where		 The Charity was set up by the Will ofthe late John Morris Turney who
on 23" June 2002.		 died
relevant,
about:		 The balance of his residuary Estate was held with a view to the acquisition
~
~		 policies and procedures
adopted for the induction
and
training
oftrustees;
the charity's
organisational		 of properties
for the provision
of accommodation
for needy persons.
Priority was to be given to individuals
who had been resident
in the
Parishes ofeither Reed or Therfield for a minimum
offour years and with
preference
to ex employees
ofthe late John Morris Turney.
structure
and any wider
network
with which the charity		 To acquire dwellings
and improve
and maintain
them.
works; To construct
dwellings
and maintain
them.
~ relationship
with any related
parties;		 To appoint
income and 25%
Royal Agricultural
Benevolent		 ofthe Capital for the following
charities:
The
Fund, Letchworth
Garden
Hospice, The
~ trustees'
consideration
of		 Turney Village Trust, The St John Ambulance
(Royston Branch), The		 Red
major risks and the system Cross (Royston Branch).
and procedures
to manage
them.
~
~
See above
Summary ofthe objects ofthe
charity set out in its
governing document
Properties acquired and maintained
24 Reed End, Therfield, Royston, Herlfordshire SG8 9RL
25 Reed End, Therfield, Royston, Herlfordshire SG8 9RL
26 Reed End, Therfield, Royston, Hertfordshire SG8 9RL
27 Reed End, Therfield, Royston, Herlfordshire SG8 9RL
28 Reed End, Therfield, Royston, Herlfordshire SG8 9RL
29 Reed End, Therfield, Royston, Hertfordshire SG8 9RL
13Blacksmiths Lane, Reed, Royston, Hertfordshire SG8 SAX
Summary ofthe main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)
~ ~ ~ ~ ~
Summary
ofthe main
achievements
ofthe charity		 Refurbishment and upgrade of properties and ongoing rentals
during the year

The Turney Trust Accounts to 5 April 2022

The Turney Trust
page 3
Capital account for the year ended 5 April 2022
Value of fund brought forward 794,544.40
Profit on sale of investments 21,699.01
816,243.41
Less
Tees costs re capital 24,600.00
Smith & Williamson
-		 portfolio review fees 10,393.08
LE I renewal fee 144.00
Land Registry fees 6.00
Compensation
relating		 to FXtransaction (151.60)
34,991.48
Value of fund carried forward 781,251.93
Made Up
Shares and securities 857,163.25
24 Reed End Therfield
25 Reed End Therfield
26 Reed End Therfield
27 Reed End Therfield
28 Reed End Therfield
29 Reed End Therfield
13Blacksmiths
Lane Reed		 220,000.00
Land at Reed known as "Rabbit Field" Title no. HD420573
Loan from income account (295,911.32)
781,251.93

Property Income Property Income
Rent - 24 Reed End 5,292.00
Rent - 25 Reed End 6,600.00
Rent - 26 Reed End 6,789.00
Rent
—27 Reed		 End 6,861.00
Rent - 28 Reed End 7,821.00
Rent - 29 Reed End 14,615.00
Rent - 13Blacksmiths Lane 6,538.46
54,516.46
Property expenses
Boiler services 587.86
Insurances 3,244.63
Marshalls
statement		 of account 120.00
Gas 8 electricity 20.00
Repairs and replacements 10,497.51
Information
Commissioner		 - Data Protection fee 46.00
Damp survey 192.00
Lettings advert 349.68
Gardening 350.00
Chris Anderson - residential development planning 3,055.20
Council tax 481.79
JWS report on Reed End properties 550.00
Taylor and co examiners report 330.00
Cleaning 294.00
search fees 3,862.74
23,981.41
Carried forward to page 5
30,535.05
The Turney Trust
page 5
Income account for the year ended 5 April 2022
Brought forward
from page 4		 30,535.05
Investment
Income
Dividends
received		 11,728.98
Unit trust dividends 8,637.07
Treasury stock interest 258.10
UK property
income		 2,517.90
Dividends
-overseas companies		 2,928.60
26,070.65
Interest and Other Income
Saffron Building Society interest 24.01
UK unit trust interest 1,737.82
Overseas
unit trust interest		 1,236.18
2,998.01
Net income for the year 59,603.71
Add income brought
forward		 160,282.58
Less
Income loaned to capital 28,826.24
Income
in hand		 191,060.05
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