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

**April 2009** 

1 



20 

**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**<br>**Name**<br>**Address**|||
|**SOLICITOR**|Natalie Lisa Ruth<br>Liversidge|TEES JOHN STREET ROYSTON HERTFORDSHIRE<br>SG8 9BG|
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## **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** 

2 



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** 

3 



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** 

4 



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** 

5 



## **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** 

6 



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 fO￿ard
195,827.82
Less
Income loaned to capilal
145,293.37}
Income in hand
146,048.51

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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