2024-04-05-accounts - The Turney Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 06 APRIL 2023 To 05 APRIL 2024

Section A Reference and administration details

Charity name THE TURNEY TRUST Other names charity is known by Registered charity number (if any) 1097415 Charity's principal address TEES JOHN STREET ROYSTON HERTFORDSHIRE Postcode SG8 9BG

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	PAMELA ELIZABETH ROSINA PARKER
	ROBERT GEORGE CHAMBERS
	JEREMY WHITTON- SPRIGGS
	LETITIA PAMELA CAMPBELL GLAISTER

TAR

April 2009

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
SOLICITOR	Natalie Lisa Ruth Liversidge	TEES JOHN STREET ROYSTON HERTFORDSHIRE SG8 9BG

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

(eg. trust deed, constitution)

WILL TRUST

How the charity is constituted TRUST (eg. trust, association, company)

Trustee selection methods APPOINTED BY TRUSTEE GROUP (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

The Charity was set up by the Will of the late John Morris Turney who died on 23[rd] June 2002.

The balance of his residuary Estate was held with a view to the acquisition of properties for the provision of accommodation for needy persons. Priority was to be given to individuals who had been resident in the Parishes of either Reed or Therfield for a minimum of four years and with preference to ex employees of the late John Morris Turney.

To acquire dwellings and improve and maintain them.

To construct dwellings and maintain them.

To appoint income and 25% of the Capital for the following charities: The Royal Agricultural Benevolent Fund, Letchworth Garden Hospice, The Turney Village Trust, The St John Ambulance (Royston Branch), The Red Cross (Royston Branch).

Section C Objectives and activities

TAR

April 2009

See above Summary of the objects of the charity set out in its governing document

Properties acquired and maintained

24 Reed End, Therfield, Royston, Hertfordshire SG8 9RL 25 Reed End, Therfield, Royston, Hertfordshire SG8 9RL 26 Reed End, Therfield, Royston, Hertfordshire SG8 9RL 27 Reed End, Therfield, Royston, Hertfordshire SG8 9RL 28 Reed End, Therfield, Royston, Hertfordshire SG8 9RL 29 Reed End, Therfield, Royston, Hertfordshire SG8 9RL 13 Blacksmiths Lane, Reed, Royston, Hertfordshire SG8 8AX Summary of the 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)

Additional details of objectives and activities (Optional information)

TAR

April 2009

Grants made on the basis of actual needs by charity.

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

TAR

April 2009

Section D Achievements and erformance p

Summary of the main achievements of the charity during the year

Refurbishment and upgrade of properties and ongoing rentals

TAR

April 2009

Section E Financial review

Brief statement of the Adequate reserves to: charity’s policy on reserves Fund improvement projects possibly develop retained land

Details of any funds materially in deficit

None

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Natalie Lisa Ruth Liversidge Position (eg Secretary, Chair, Solicitor etc) Date

TAR

April 2009

The Turney Trust Aecounts to 5 April 2024

The Turney Trust page 1 Summary Charity number Settlor 1097415 John Morris Turney Robert George Chambers Jeremy Whitton-spriggs Pamela Elizabeth Rosina Parker Lelilia Pamela Campbell Glaister (retired 17 June 2024) The Turney Trust was created under the terms of the will of the late John Morris Turney who died 2310112002. Trustees Hlstory The residuary estate was transferred to the tntst to apply income and capital lor the provision of accomodalion for needy persons, in particular and in priority those individuals who have been resident in the parishes of Reed or Therfield for at least 4 years, with preference for Reed Parishioners and any ot his ex- employees. By a deed of advancement dated 25 November 2003 £100.000 was advanced lo the Turney Village Trust IRCN=10970751 By a deed of advancemenl dated 13 October 2011 £100,000 was advanced to the Turney Village Trust (RCN-10970751 By a deed of appointmenl and retirement daled 17 June 2011 Robert Edward Dimsdale relired and Robert George Chambers was appointed as trustee. By a deed of retirement dated 2 August 2013 Christopher Charles Blounl retired as trustee. By a deed of appointmenl dated 5 June 2014 Jeremy Whitlon- Spriggs was appointed as Irustee. By a deed of appointment dated 25 May 2021 Letitia Pamela Campbell Glaister was appointed as a trustee. By a deed of retirement dated 17 June 2024 Lelitia Pamela Campbell Glaisler retired as a truslee. The trustees have the power: to acquire or construcl dwellings, maintain or improve- lo apply all or any part of the income and 25 % of the capilal for the following charities- a. The Royal Agricultural Benevolent Fund b. Letchworth Garden Hospice c. The Turney Village Trust d. The Royston Branch of the St. Johns Ambulance e. The Roysion Branch of the Red Cross Income and capltal

The Turney Trust page 2 Summary We the Trustees hereby approve the enclosed accounts ROBERT GEORGE CHAMBERS JEREMYWHIThON-SPRIGGS 12 PGy.k. PAMELA ELIZABETH ROSINA PARKER DATED: The information contained within these sumrnary pages is intended as a brief synopsis ol the trusfs terms. The trust deed and any subsequent trust deeds or relevant documents should be consulted when necessary.

The Turney Trust page 3 Capltal account for Ihe year ended 5 April 2024 Value of fLJnd broughl forward 781,804.82 Prolil on sale of investments 45,371.90 827,176.72 Less Tees costs re capital Smith & Williamson . portfolio review fees 24,600.00 10,010.45 34,610.45 Value ot fund carried fomard 792,566.27 Made Up Shares and securities 24 Reed End Therfield 25 Reed End Therfield 26 Reed End Therfield 27 Reed End Therfield 28 Reed End Therfield 29 Reed End Therfield 13 Blacksmiths Lane Reed Land at Reed known as "Rabbit Field" Title r)0. HD420573 Loan from income account 942,336.83 220,000.00 (369,770.56) 792,566.27

The Turney Trust page 4 Income account for the year ended 5 Aprll 2024 Property Income Rent- 24 Reed End Rent- 25 Reed End Rent - 26 Reed End Rent- 27 Reed End Rent- 28 Reed End Rent- 29 Reed End Rent- 13 Blacksmiths Lane 4,851.00 6,600.00 7,341.75 7,387.50 800.00 6,450.00 10.950.00 44,380.25 Property expenses Property management lees Insurances 4.706.71 3,238.17 373.59 29,797.74 624.00 40.00 22.50 1,612.00 32,329.38 3,464.94 10,320.24 330.00 190.00 Repairs and replacements EPC and NICEIC certificates Information Commissioner- Data Protection fee Key cutting Gardening Professional fees re developmenl site Council tax Professional fees re 24 & 25 Reed End Taylor and Co examiners report Cleaning 187.049.27} Carried forward to page 5 (42,669.021

The Turney Trust page 5 Income account for the year ended 5 Aprll 2024 Brought forward from page 4 (42.669.02) Investment Income Dividends received Unit trusl dividends Treasury stock interest UK property incom8 Dividends- overseas companies 9,436.34 10,034.72 44.42 2.476.92 4,653.00 26,645.40 Interest and Other Income Payment in lieu of interest Evelyn interest UK unit trLJsI inlefest Overseas unit trust interest 3,039.92 407.26 2,975.07 5,115.43 11,537.68 Net income for the year 4,485.94 Add income brought fOard 195,827.82 Less Income loaned to capilal 145,293.37} Income in hand 146,048.51

JD Looocooo 000 C4 V4 (VOOoSJu>OOotrtr Sx

Otr- Jp ryj O¢DO) C¥J¢Q

<0 .1 ti 11 11 }1 li 11 li

oooa ooa oiooa (QU> DJM(00

¥S3 <n 11 11 81

M¢D* ro<y)

Chj C ryJOJ oooo OJC ooco Jmm< I I I I rLOS iu r

CHARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Sectlon A Independent Examiner's Report Roport to the trustees THE TURNEYTRUST On accounts for the year ended 05 APRIL 2024 Charlty no Ilf any) 1097415 Set out on pages (remember lo indude Ihe page numbers ol additional sheElsl I report to the tfuslees on my examination of the accounts of the above charity ("the Trust"} for the year ended 0510412024. Responsibllities and basis of report As the charity's truslees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("thÈ Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent IThe charity's gross income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified m8mber of linsert name of applicable listed bodyll. Del6te15 if not appliGabl8. I have completed my examination. I confirm that no rnaterial mallers have come lo my attention in connection with the exarninalion (other than that disclosed below ') which gives me cause to believe Ihal in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did nol comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement Ihal the accounts give a 'lrue and fair, view which is not a matter onsidered as part of an independent examination. I have no concerns and have come across no other malters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Please dg18le lh8 WQrtls in the brackets if Èhey do not apply. Slgned: Date: 17.03.>0* Name: Relevant professional qualificatlon(s) or body A Q w(xi kore) &cF, ho) h c Oct 2018 IER

(If any): Address: The Sycamores 43 Kneesworth Street. Royston Hertfordshire SG8 SAB Section B Dlsclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, IndÉpendent examination of charity accounts.. directions and guidance for examiners). Glve here brlef detalls of any itèms that thè examiner wishes to disclose. IER Oct 2018