TURNEK5 HOUSE TRusr a Company limlted by guw•ntee Report and Flnandal 5Tratements Year ended 31 DeCeIer 2021 Registered Charity number. 1111653 AB03ZGEI 1910312022 COMPANIES HOUSE A12 Twnerf5 HOUSeTTSt Reptand F*AAdal Statements 2021
TURNER'S HOUSE TRUST REPORT OF THE DIRECTORS AND FINANOAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 CONTENTS Page Company infornHtlon Report cf the Dlrectors Introduction Legal and administrative information Charitable Objectives arnl principal activities Flnanclal revlew Reserves pol Plans and objertives for the future Structure, 8cNeman¢e ar*A rnanagernent Rlsk management Trustee5' responsibilitie5 statement Statement as to di5clostsre to IrKlependent Examiners io io li 12 13 14 15 Independent Exarninerfs report to the Trustees ofTurnerfs House Trust 16 Statement of financial activities (includino...) Income and expenditure account balance sheet Statement of cash flows 17 18 19 Notes to the financial ststements 20-26 Turnefs IlouseTntst and Financial Statements 2021
TURNERS HIXISE TRusr COMPANY It4FORMATION FOR THE YEAR ENDED 31 DECEMBER 2021 Dlrectors John Michael Deriaz IDeputy Chalr) Julia Louise Holland Baiky Dr Amy Concannon (retired 31 Decernber 2021) Giles Clifford Dyxon Jonathan Ashley French (retlred 14 September 2021) France5 Ellbeth Ha150 Moylè Rosemary Carol Mu Frances aare Pardy Paula Andr•a Plaza Romero (retired 21 May 20211 Ricky Pound (retlred 31 December 2021) Rosie Razzall Drjacqueline Rlding Matthew Morgan wa5 appointed l J4Tru?ry 2022 Fiona Stewart was appolnted 17 January 2022 Seuetary Rosemary Carol Murray Honornry TTrasurer Julia Louise Holland Bailey Reglstered Offlce Sandycombe Lodge. 40 sandyornbe Road. Twickenham, TWI 2LR Registered NuTnber 05420913 IEnglarKI and Wales) Charity Registered Number 1111653 Independent Exarnlner Hal Watts. Aissela, 46 High Street. E5her, Surrey 10 9QY Bankers G4F Bank L6mlted. Kings Hill. West Mall1 Kent ME19 4JQ Turnevs House Tntst Aewtand FTwia•lStatemtnts X121
TURNER'S HIXISE TRusr REPORT OF THE OIREcfoRS FOR THE YEAR ENDED 31 DECEMBER 2021 The Director4 who also act as Trustees for the charitable activities of the company, present their report with the finaftcial ststernents of the Company for the year ended 31 Decerthr 2021. Introductlon The COVID-19 pandemic was again a hy fartor in whatTurnerf5 House could plan arKI achieve in 2021. The lockdown and otr restrictions meant that the House could not re-open to the publi¢ until May, and even then. limited numbers of vlsitors were perniitted at first. Despite these difficulties, our staff and volunteers did a magntficent job in stsgiro our exhlbition Tumerfs English Ccosts., welcom1 visitors to a series of iftnovatNe specTral events and v*wing opportunitiès at the House including showcasing the work of our Art in ResIdee. Continued support from Local Governmènt vrds cru¢ial to our continued operation. W• would also like to thank the huge rdnge of supporters. donor4 artists. and mernbers of the local cornrnunity who were generou5 With their time, Money and expertise and enabled us to another successful ar. Le8al aid admlnLsiYative infwmation The goveming document is Memornndum and Artkles of Asstxtation, and the company Is constituted as J Company Limited by Guarantee. New Articles wefe approved by the Charity Cornmisslon and adopted on 3 April 2017 in order for thern to wnform to current best practice. Trustees/DiYe(tors A list ¢f the Directors is given above on page 3. Charltable ob1Ve5 and Pri1paI actlvltles The charitable obiectvie of the Company is: to advance education in the artsfvr the benefitoAthe pubf4f by thepreseNotion and conservation of &indycombe Lodge. 40 Sandycoombe Rood. Twickenh¢7m. Middlesex TWI 2LR us o momiment to the art&tJ05eph Iwollord ¥Williom Turner. The alm of Turnerfs House Trust IS to con5eNe and present J.M.W. Turnerfs architectural vision and ori8inal design for a srnall country retreat to bp. used by himself and his fathei. Tumer des¢ned the House and occupied it from 1813 for some thirteen year5, entertaining many of his friends there. The TfU5t fulfils Its objective through maintaining the restored House and opening it to the public as Vfsitor attraction. By doing so Turnerfs House Trust Seeks to celebrate J.M.W. Turnees artistic achlévement through encouragin8visitorstr• discoverthe hous• he designed and built. and the Tumefs HouseTnJ5t Reprrft ènd Finaftcial StatèmEnts 1021
Thames landscape which inspired hlm. Thrwh consebvlng arKI Interpreti Turnerf5 House, the Trust aims to build a deeper engagement with Tunr a5 an artist. Publk beneftt: The Trustee5 confinn that they have had due regard to the Chalfty Commission'5 zuidance on publK benefit. The Trntee5 are committed to making Sandycombe Lodge and the serrfices that we offer accessible to all. and to deliring a range of education and Outreach actbvlties. A sustainable operation will ernsure that the berfits will continue in future. Turnerfs House opened to the public in July 2017 after a consemtion progrnmme which rèstored the House and garden to a stste as close as p055ible to how It vns in Tumerfs time. Thls was fundèd by a grant from the National Lottery HeritiEe Furnl and by otrgenerouS donors. A fvrther grant from the National Lottery Her•ta8e Fund was awarded in 2019 under the Resilient Heritage programme wsth the aim of helping Turnerfs House to develop its business plan and buikl a Strategy for financial sustainability. This enabkd the Board to work with consultancies to plan for a sustalnable future for the House. This project was completed in the summer of 2020 and provided a clear business plan, a comprehenslve fundraisin8 Strategy and an understanding of options for uti1Ssiro the grounds of the House and increasing the InVoeMer of ourvolur*teer5. In 2021 we wekomed I0 visttor5, a signifftant reduction on 5,300 in 2020 due to the continued impact of COVID-19 %vith the house ¢losed for the first four and a half months. However. visitor feedback remains very positlve thanks to the work of our volunteers and staff with 98% of visitors stating that they are very likely or likely to recommend us to family and frieru15 vA)I1 e 84% rated theirvislt to Turnerf5 House as excellent. We expanded our retail merchandise offering during the year with a wider rdnge of attractNe iterns and were able to increase sales per vIr $0 supporting the upkeep of the House. Whilst many people may not have been able to visrt rKlY¢Ombe Lodge in pèrson. we welcomed approximate 1500 attendees across our online Sandycombe Years, Friends and Circles tslks. 2021 Exhlbltlon: This yearf5 exhibition. Tumerfs Engltsh Coosts. opened in May 2021 after several delays due to COVID-19 restrictions. The exhibition, which comprised 11 works lent by Tats Britaln, wa5 expertly curated on a "pro bono" basis by Dr alristine Ridin& Head of Curdtortal at The National Gallery. We are very appreciative of Dr Ridirfs support We were delighted to welcom• Andrew Marr, presenter of rnany TV and radio show5 IDcludlry"The WorAI's Greatest Pairtinrf to declare the exhibition officially open. The exhibition Pro very popular with visitors ar•d was favourably reviewed in the rnedia. We are very 8ratefvl to kxal sdicitOTS Stone Rowe Brewer and the lighthouse authority Trinity House for their een&rous spon50r5hip of the exhibition. Tumerf5 Ilowe Trust Reptaftd FmarKi•l Statern 2021
1021 Events prograrnrne and ow Artlst In Resldence: With House cl¢>sed by the lockdown until mld-may, we had to turn to inrK>vatr¥e ways of bringi Turner to the people. In April we moved o¥r planned series of lectures entitled Yhe SarKlycombe Year< online- this proved a huge success as many rnore people participated than could have been accommodated at an-in person" event- an audience of nearly 350 people participated from across the United Kingdom and indeed from across the world. Turnerfs House vras also arno the plorrs of the Tharnes LuMirieS lecture series. This very succe55hJl online initiative involved us in a new collaboration with ITnY histori houses of south-west London. &%ain, hundreds of rrmbers of the public tuned in, and the proceeds {rec•lv•d through voluntary donations) were shared arnon8 the partlcipatlng h•stOTIc houses and went sorne wdy to makirq up for the loss of revenue Caled by the bckdown. We plan to continue with online lectures and presentation5 in addition to.in person" events as these enable us to reach a wider and rrK>re diverse audien Once we were able to rePen {albeit wth restricted numbers) we were again able to offer our specialist.bUse Connoi55eur Tourf to wivate grou We also introduced several innlatIOns. late opening of the Exhlbition on ¢ertain véenlry yovad particularly popular with a younger audience and a series of gin, win• and champagne tastings in the House were expertly presented by a local business, St Margarevs Wines. Once again. we welcomed an Artist in Residence. Anna pate)n. from the Royal Academy School, created a series of fascinatin8 paintings and small watercolours that wère inspired by Turnerfs own work and exhibited at strategK polnts aromd the Hous¢. They were much admired by visitors. We are gRteful to the Charlotte Bonham4rter Charitsble Trust and the AstorTrust for supporting our Artist in Residence progfamme. Anna's artwork was unveiled at the House at an event attended by Turnerfs House Circles mernbers. Later in the year Anna joined us at a Breakfast Networking Event attended by local busines5e5. Duri the year. wsih our Léarni ar Volunteers Officer, She led three workshop5 for bcalprimary xhools. We were delighted to welcome thè MP forTwickenham. Munlra Wllson, to the Housè in August. The enthusiastic support of our local MPS and kxal councillors for the work of House and bts role in the commuftity is greatly appfteiated. We are grateful to our patrons, Lord Egremont. Professor Ken Howard and Rebecca Salter PRA, for their continued sUPPOrt. Our InOrary patron. Catherine Parry-wingfield, who Ivas the drivii force behind the restoration of the House. wa5 awarded the BEM in the 2021 New Yearfs Honours in recognltion of her YJrk. Learning Prograrmbe: Turnerfs House Trust remain5 ¢ornmitted to outreach into the local community. Our Learning prOgramn was again affected by COVID-19 b¢rt our Learning and Volunteers Officer was able to adapt the programme so that nearly all of It took place despite the restrictions. The pro8fdmme of outreach to IcKal sth001s achieved in fvll, with the involvement of fpie primary schools and 260 chlldren eaged In a Key Strge 2 art project. The main modlfication from the oreinal plan was that the children were unable to visit the House and the Turners HSeTrstACtand Fknanrial statem1021
a¢tivitie5 had to take place at the schools. Feedback from both teachers and pupils vrds excellent, although some pupils commeTrted that t were looklThk fOrdrd to being able to vlslt the House ID person. whi¢h we hope will be rnuch easier in the comir¢ ar. Our Wellg programme, croYl fvnded via The By Give ChrT5tma5 aHllenge, was also a great success. This programrne aims to alleviate loneliness and isolation for the elderly and adults with mental health problem5 through group workshop& AKdin. we had to adapt the programme and many activittes tch)k place online or a4V from the House. We mède great efforts to ensure that the sessions remained indusive and accessible. and many participants benefited from learnin8 how to ac¢ess onlim events for the first time. aients of Age UK enjoyed receiviro Your Turn with Turne art actwity pa¢k5 and tskirY4 part Sn dis¢u$5ions about art arKI were also able to participate in a fae to-face session with our Artist in Residence. This programme built on the pilot run in 2020 arKI participants wefe able to learn new skills and develop Creatvlty in a safe and supportive environment. Sessions run for frAIND were extremely well attended, with participants enjoying sessions on art arKI on growing plants, In both cases with Turner-relatsd themes. Participants beneffted from leamine and creatine together 50 prornotino well-being. In rospon5e to a request from MIND, we wer• able to run additional art sessions in the autumn. ITh DeMber we successfully raised further funds thrOh The Bi8 Give Christmas Challee which help us to continue our well- being pro8ramrne in 2022. We believe that the opportullity to learn aboutTurner and his art should have no age hmit. We put on special events for families wtth children at the House duriro the year- includingTvmer inspired art Wofkshops and events explorirvd Georgian and Wictorian Christmas traditions through the rnaking of 19th century-style decorations and cards usin8 natural materials. We rnn a fi¥ session adult watercolour painti COUTSe led IyTtm Wright (who taught fimothy Spall to paint for the Mr Turnerfilrn) arKI we held "ltrpersoD" and online painting w)rkshop5 led by Marc A Turner. Volunteers:Turnerfs House relres on the support of volurteeTs"and the House could not operate without them. They help to steward and manage the House. keep the garden looking beautiful glve uided tour5 tc visitors, assist at events prthiide administrative and specialist services and support the Tru5Ys aims and activities. Our voluntser5 contributed arourHI 2,300 hours of support to Turnerfs House Trust during the year arml were especially supportive duringthe Tumerfs English Coasts exhibition. We have a tearn of 50 active volunteers. and although their numbers have slightly reduced over ihe past year, their range of skills and their commitment have increased. W• im to increase the diversity of the volunteers ar are particularly pleased to welcorne new members including students and your people. Frlends dTurnerfs House= The Friends are an important part of Tumerfs House Trust and. at the end of December. have 215 membeT& In 2021 they held a 2(x)m 5prinE lecture and an in-person autumn lecture. Their AGM. held via Z¢)om. was followed by a shDrt tslk. In June they organised their'Tumerin Twickenhom, prize for art students at Ri¢hrMrKI upon Thames College arKI in Dècember they held a Christmas Cake & Coffèe Morning whi¢h in¢luded the sale of beatIful wreath5 that had been made by rnèrnbers and the committee. During the year Friènds aave £6.000 to the Trust. Turnerfs HDuse Trust Report ar rmKi•lStatments 2021
Fundralslng and SuppNL. The cornmltment of our Supporte is a key elemert in the Success of Turr*rfs House. In addition to the Friends. we have three tiers of membership.. our Patron< Clrcle. Sandycombe Circle arffl Supporters Circle. each with distitIVe beneffts and opportunities. Despite the lockdown and restrictions, our supporters were able to enjoy three exclusive Zoom "conversations" with expert curators and historians and three"in-person" events. Circle members also had exclusNe "speclal evenf access to the Exhibition. We were pleased to welcorne new Circle member5. We plan to maintain the mix of virtual and in person elusive events in 2022 thereby enabling members from further afield to participate in our ardes community. We thank all our supportèts whose contrib70 aftd en¢ouragement has been so important: Trust, Foundations and Grant5 National Lottery Heritage Fund IRwli ience FurMI) Department of Culture. Medla and Sports- Culture Recovery Fund R¢thnd I Foyle Fourthts Ststh knith (UK) Horticuknral Trnst. tyoyfy Carte tharitableTw5L Mond Charitale TTUSt, Paul Melh)n Centre Cvraknial Research Grant. Charlotte Bonham-carter Charitable TrusL Paul Mellon Centre Event gjpport Grrt AstOT Foundatlon. The Arts Society Rithrnond, The Dolan CharrtableTrust Corporate sponsors Trinity House thartty and StonÈ R4ywe Brewer LLP solkitor5- Tumeff5 English Cc#)sts Exhibitlon Annual Corporate Members: Matthew Allthurth Arthitects Lt4The Ham Palm Centre Turnerfs House Patrons, Sandycombe and Supporters Circle membefs. The Friends of Turnerf5 House. Our volunteers who provlde invaluable support to the Trust throah all their artivities arrfj by sharing their dNerse expertise and sk¢lls. All vtho contributed to ¢>ur Bl8 Give thristma5 challe 2021 to support the funding of our 2022 Wollbeing programme. In addition, Turnerfs House is very grateful for the invaluable pro-bono advice and support received from many people who contributed their expertise and / or artistic skill& Special thanks go to the artlsts who supported us with the Christmas Card desien, online and in person art and thristmas wreath making workshops as well as those who supported with the new intsrpretative panels and landscape advice. Tumerfs HouseTrust Reptyt and F¥n(la1 StatemÈhts 1021
Sandycombe Lodge- Preser¥ln& Conservln8, InterpretlTr4.' The -Project Pathvrdy to Sustslnablll strategic review sought to ascertain how best to manage Tumerfs House as a sustainable museum. During 2021 we pr(yressed several key initiative5 that were identified in that rwiew. We wére delighted to introduce six nèw intèrprètstitin pane15 Into the House and garden-the artwork was created by local designer Paul Warrh)8ton on a pro bono basis and the making of the panels was fvnded by a grant from Ri¢hmond upon Thame5 Council arwj a private donation. An archite¢t4ed review helped us to realise the rnu*urn's potential of utilising a piece of neglected land that we own immediately adja¢ent to our rnain garden. In 2021 we succeeded in getting plannlng perrntssion for a supplementsry pedestrian efttran from St MaroarÈYs Road that wlll BNe visitor5 a more welcoming approach to Sandycombe Lodge with a view kjoking up to the house throu8h the 8arden. The landscaping and COnstrtion will take place mid-2022. There will be small booth to wekome visttors. issue tickets and be a place of rest for our volunteers and a boardwalk to pmide safe access to Sandycombe Lod. We 11 transfomi this ne8lerted area wlth naturnl style plantlrg. Kéy attrlbutès of this project Inde engaging with and rnanaging visitors and volunteers in a controlled and "socially di5tsnced" way. improving how we present and mana8e Sandyrombe Lodge as rf Yurnerjust and eTrhanci oureftvironrnent. Concluslon: Turnerfs H(MJ5e ha5 proved its resilien In belly able adapt Itsèlf and its events and activities in another difficult hr. We had to modtfy our plan to accomrmdate the COVID-19 Constraints allowing for alternative dates and ways of opening to the public and stagirvd our a¢ti¥itie& This has helped us to move forwanl and pilot new special events and rexh out to new audien5, Potential partners ar sponsors. We ore confKlent that the fure wli I brire more opportunities to expard and develop the activities of the House and bri a love of Turner to an ever wider public. Turnerfs HouseTrust RepNt•nd Fina701 StstemtAts S)2L
FInaral revlew As mentioned in the Dlrectors Report. 0)v119 impacted Tumerf5 House during 2021. Our plan and associated budget, intentionally cautious in ant¢cipation of potential constraints, adapted with income 8enerntin8 stfeams and calendar of activities creatirrd swings and roundaiw)uts to our financial reporting- red(Ked admissions and sponsorshiplmernbenhip in¢ome wa5 offset by higher than experted fundrnlsI arKI a reproffle ol FM)w managed profrtable commercial events. Our RÈseThes havè bÈen protected: unrestri reserves £299.427- refiectir a mcthst £S.LM)5 5urpkns inthe year. With net current assets of £173.753. we femain within our unrestrIrt Reseryes Poliry and plan to maintain a similar bevel through 2022 Restricted reser¥Es are £45.(- RtteThes raised in 2020 we drwm dtywn thouth afew carry into 2022 to fiind the Sarthtxnbe Lod&e-St Ma¥eV5 Road EntraTr Proiert and our Well. Being Pro8ramme. We plan to fully draw down these restricted reser in 2022 Our StrateBV endures thi15t ourorigirtal plan and budeet has had to adapt. We assume no COVI 19 constraints. Wè plafi to stsbili5e and be financial suslainable. With dlverse income streams we are bgtterable to modify plans sknuld we experience any unanticipated sl)o¢ks. We will rgview how best to protect reser¥es in timès of inflation. Resource manaBem•nt is key, arKI we continue to focus on ways to manage costs. protèct against inflation, and attract audiences and visbtors through dltISation and partnership& 2022 should feel like °business as normal.. Reser¥es pollcy Thè Trustees have decision-makinE authority on how they manage Resérve5 and InvoStments- taklne account of the scale, complexity, and risk profile of theTrust tOEether ryth its incorne ar funding base. The Trustees balance the capital vested in Sathcornbe Lodge arKI the needs of Current and future benefictaries. On an oTrgoing ba518 they plan to generate Sufficient income and fundraising such thatttrw are able to fund artivities for ¢urrent beneficiaries The TrusY5 UnrestrfLted Reser are considered as Short Ica5h) to med•um I long (assets) term reserrfes able to rnpet cash flow need& Sandycombe Lodge is not regarded by the Tnkns as able to b8 disposed of by the Charity in the circumstances that are currerbtly antKipated. At the end of 2021, Unrestricted Reserves are £299.427 made up by net Current assets (£173,753), tangible assets (£125.000) and herltsge assets {£6751. These reserves are to be retair•ed around thls level for the foreseeable future. The Tnjstees consider it pr(Klent to: carrytree reser¥es of 6- 9 months buw operatin8 eXPdItUre that Can deal wlth short. term Ilucknatitins in irmrne and provide adequate thing caytsl increase the sinking fund l¥om £25.[0 to £50,IxrfJ forthe pTeseTratlon and conseThion of Sandycombe LodBe.- 5hortterm projects (such as"match funding" bn campalgnsl: and any operational "re5larf in the of any su5tsined I)erd of clogjre Turnerfs HOuseTnI Repwt and Fin•rKi•l Statrnts JJ21
Plans and objeCtilOr the futwe Turnerfs House Trust aims to celebrate J.M.W. Turnerfs artistic achieveEnt through encouraging visitor5 to discoverthe house he designed and built, ar#1 the Thames landscape which inspired him. Through conseThirvd and interpreting Turnerf5 House. the Trust aims to build a deeper engagernent with Turner as an arts5t. Key to being able to achieve the Trusvs alllls is the need to becom? financially sustairtable. The Trust continues to focus on the strategic plan5 ¢reated from its major project "Pathwoy to sustainabili which VRS supported by the National Lottery Heritage Fund Resilient Heritage progrdmme. The projert concluded in mid-2020 and therefore t Trust is tsk1 important steps to adapt its execution of the strategy to the evofvir¥ COVID-19 environment. The key efflent of the strateBY is Seeking new incomè sources thr{gh a programme of popular and profitsble events that wlll enable a broader audience to enjoy Turnerfs Plouse and ereage with the artist who designed and lived there. developing a Marketing strdtegy to promote ourvisitor offer and events progrdrnme to axpand and diversify our visitor reach; and cultivating portneTships to supportTurnerf5 House's wotk. The Trust will continue to hold an annual exhibition to enable visltOT5 to experience and arn about J.M.W. Turner and his extraordinary art in the intimaté sèttl of the house he desned. The Tnjsvs successful Learntng and Participation Programme will continue to be centred around t thernes of: Social Impart"Jthn tn ot furnerfs Fk)usrf." Workingthrcwgh p*tner5hips such as IoLal sthool5. MIND and AGE UK th audiences can reauy benefft from comiTh8 togethef. learnsand crèatfng IndudiwE to pn)mote well beire Artistand Ojrator De¥elopments"Getinto Tumer's Hots. For young or enwtng artists to inspiTe arb4 support therr development and to incwEase eTSity in the sector what'5 On and Events"Come enjoy Twnerfs House-: WorknEto ereage families and the ¢ommunity arQUr Tumerfs Fk)use Volunteers"Getin¥d¥ed at Turnerfs Ilaus¥: Creating meettn8s afKI tralnin8to en8a8e. 511PPOrt and recruit volunteers The Trustees are committed to building a sustainable future for Turnees House and tt) continue to provide a fulfilline and enjoyable experience for all who visit Sandycombe Lodge or particlpate In Turnerfs House events whether at the House or virtually. By doing so, the Trust will fulfil the objeCtp of celebrating the life and work of J.M.W. Tumer in the house he created. Tumerfs H0useTnt RepNt and Fmandal Ststements2021 li
Structure. 8o¥emance and managerntrt The Board of Trustees are responsible forthe overall direction and leadershlp of charfty. The Board may consist of up to fifteen directovs, who are Its Trustees for the purpose5 of charFty law. At 31 December 2021 there were ten Trustees. Followirva two ret1MentS on 31 December 2021 and apwintments on l and 17 January 2022 there are tèn TNstee& One third of the Trustee5 retire by rotatTr each year with those IoTV5t in Offi retiri fir5L Retiring Trustees are eligible ft>r re- elert#)n, During 2021 there were chan8es within the Ttee bcxly the r•tirement of fourTrustees and the appointment of new trustees in January 2022. The Tntst is appreciative of t expertise and supp¢)rt given by its retiring Trustees arKI Vl¢ome5 its new Trustee The Trust continuès to provide all nèwly appointed Trustees thrfth an Induction whlch includes relevaftt inforrnation such as the Trusys constitulion and Its poIle8 guxlance on the role a1 responsibility of a tntee as well as strategk. financial and historical I contextual Inforniètkjn about the Trust. The recruitment of a new Chair is ongoinE. In the meantirne, the role of the Chair continues to be managed bythe VictrcFIr with support from fellow Trustees. In 2021. the Trustees met forn)ally seven times including for a strategy workshop in NOrnber as well as attending ad hoc meetiw as needed. DurlnE 2021 the House was managed by the House Dlrector who was responsible for the operational management of the Trust and who was also trustee. There were three sub-committees of Tne$. the House Manaeement Cornmit coverin8 property and operational matters, ColWion5 and Nominations Committees. The two members of staff on fixed4erm contracts were the House Director and the Leaming arKI Volunteers Officer. Looking ahead to 2021 after reviewirwa the management of the House, the trustees of Turnerfs House are Working on an enhartced stsffin8 StnKture with the alm of irnprovi the sustsinabllity of the house Includir¥ the visitor exper5ence. This is expectèd to Incl1@ a part-time House/Museurn Dirertor. an Operations marer and the Leaming and Volunteers Officer. Turnefs frkwseTnt Report and Fmaftcial Ststèrnents 2021 12
Rlsk fflana8ernent The Trustees are committed to maintsining 3 strcry risk managernent frarnework to ensure that the charity manaEes risk appropriately. This indudes: the regular ¥W of the risks assouated with thè main undertakings of Tumerfs House Trust. Risks are organlsed under heading5: operational, financial, goveman¢e, compliance and enwronmental policies. wstsms. procedures and additional actionsto miti8ate the risks identtfied Thè principal risks that have been identifd are: Continuing to respond to the evolving COVIt>19 environment Maintaining visitor numbers arnl vtsltor spend Financval sustainability The appetlte and opportunity for continued fundraising The retention, engagement and recruitment of volunteers To address and mitigale these, the Trustees seek to: Maintsin a cov119 safe environment based on latest Eovernment Euidance Ir¢rease visitor numbers thrOh increased promotion. use of collectb)ns and loan exhlbltions. active partnerships with similar heritage houses to crotypromote. develop new udiences and erKourdge repeat visits Maintain carefitl budgetsry monitoring ar financial control Strengthen fundraising efforts Provide active support arKI enjoyable conditions for volunteers Turnerfs HrAeTrUSt Ileplrt and FknarK1aIStatenTrts 2021
Tru5tee5' responsibilitle5 Statem The Trustees (who are also Directors of Tumerfs House Tntst for the purposes of company lawl are re5pon5ible for preparing the Trusteeg Annual Report and the financial statements in accordance wlth applicable law and United Kingdorn Accounting Standards (United Kingdom Generally Accèpted Accountirvd PraCte). Company law requires the Trustees to prepare financial statements for each firneal year, which give a true and fairview of the state of affairs of the charitable company arKI of the Incomin8 re50urce5 and application of resource4 including the income ar expenditure of the charitsble ompany for that period. In preparirvd these financlal 51ateffnts the are required to: select suitable Kcountirq policies arttl then applythem consistentty obseryè the methods and principles in the Charities SORP 2019 IFRS 102) make judgements ar esttmates that are rtssonable and prwlent state whether appli¢able UK kcoUThtI StarKlards ha beèn follo*d. subje¢t to any matsrial departures dts¢losed and explained in the financial staternents prepare the financial ststements on the going toneern basis unless It is inappropriate to presumè that the charitsble company will continue in Operation. The Trustees are responsible for keepi adequate accountlnE records that dlsclose with reasonable accun¢y at any t1 the financial postion of the charitable company ar enable them to ensure that the financial Statements cornpty with the cOmnIeS Act 2LNJ6. They are also responsible for safe8uafding the assets of the eharitsble company ard hevKe for taki rea50nable steps for the prevention aThl detection of fraud and other irregularities. The Trustees are re5ponyble for the maintenance arKI integrity of the corporate and financial inforniation irtluded oft the Charitab compan($ Yhtbsitè. Legislation in the Unrted Kingdom govemlnE the pTrparation and dissemination of finala1 ststements may differ frorn le8isl3tion in other jurisdiction5. Turnrfs Rewt and FinanL?alSlatements2021 14
ststement 35 to dIsdore to Independènt Examiws In sofvr a5 theTru5tees are aware.. there is relevant audit information of which the charitable companVs Independent Examiner is unaware. and the Trustees have tsken all steps that tlxy 0ht to have taken to make themselves aware of any relevant audit InftTrrTnan and to establish that the Independent Examiner is avrdri of that inftxmati(m. This report was approved by Order of the Board on 16thMarch 2022 and s¢ned on rts behalf by: John Michael Deri Olre(tsr and Trustee Tumerfs Hou5eTnt Report and Flmncial Statemeftts2021
Independent Examlnerfs report to theTnstees of Tunrfs HouseTfUSt I report to the charity trustees on my examination of the 3¢¢4)ufits of the eompany for the year ended 31 December 2021 which are set out on pages 17 to 26. Responsibilities and basis of report A5 the charity trustees of the company land also its director5 for the purposes of cornpany lawl you are responsible ftlr the preparation of the accounts in accordance with the requirement5 of the Cornpanies Act 26 ('the 2006 ACV). Havirvd 5atisfted myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for indepeTrdeTrt eyamination, I report in respect of my examination of your companrfs accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 ACV). In carrying out my examination I have followed the Directions given by the Charitv Commisslon under section 14515){b) of the 2011 Act. Irrflependent eXanner'S staternert I have completed my axamination. I confimi that no Matters have come to my attention In connection with the examination gIvi me cause to believe that in any material respect: l. accounting records werè not kept in respect of the cornpany as required by settion 386 of the 2006 Act,. or 2. the accounts do not accord with th0 records: cy 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 fair Vie which is not a matterconsidered as part of an indeperdent examination; or 4. the accounts have not been prepared in accordan with the methods and principle5 of the Statement of Re¢ommended Practice for accounting and rewrting by charities. I have no conrn5 and have corne auoss no other rnatte in connection with the examination to which attention should be drawn in this report In order to enablè a proper uThlerstanding of the accounts to be reached. Signed: Stephèn FrancTrs FCA Haineswatts Aissela 46 High Street Esher Surrgy KTIO 9QY L. Turnerf5 HDU5eTrust RepLVt and Finana•lSlaterneiits2021 16
DR THEVEAR ENDED31 DElIM2121 39.# a1143 42.1TT 214.715
5,127 her Iradkn9 KI&tls 88nh Ini•rnst 8.073 57 e4.111 45. I.075 268.7 1361 452 1a5 IB1.121 3.958 Tot .106 55.713 134.819 191.959 .741) 14.744) 19.749) 14.744 78.821 Toi S4.814 3.419.681 1Tr.917 45.IAS 3.419.681 3.764.173 3.768.917 The noteson 29t¢ 26femi wrtdthe5e s13tem Turnevs Hou$•TThst Rw¥l Financial Slatements 2021 17
BAIAKESIIEEfASAT31 DECEIIIEII ZOZI 8ssets 11 125.(XJ 3.4%),355 3,545,355 125,OC 3.420.355 3.545,355 12 Sws Q618 rbto 13 3.337 Bh at tk th h 2J,017 OJ111Mn yRar 14 1•.645) 218.818 Total assqt¥ 3.761,173 3,76Q917 19 3.764,173 3.768.917 15 299.427 Re9t11a fvTrJ8 16 54.614 3,419.681 3.419.681 1704.173 3.76&917 Comp3nlEsrt20J6.' thno nollre ha5 been deposfted at the rytstered th oftr compy tose¢tion 476oftre Cwhp•nles Art ZCXJ6 requestkthatan audit b¢ conductedfwthe yè4rended 31 De0m2021. tlwtthe Company asa charity i5subpttto audit uythrthe (thariUesA¢t 2011.. aThJ to arcountin8 fEoTd53rrflttr prEgarnti¢>n of actOUrt srnall comp4rwe& Thefinandal slatemefvts**e 4yru4 bytho 16thMwth2022 ontsbeh•lftrt. Turners Hou5eTrnst Reptd Finan17a Ststernents20U
lknr to Year 2020 Ntc•shuy•d kn ap•raacl {368} 142.441 sh IILVATS frryn InwirnertactMts: Int•mt income 57 F[Cha oftsn9itil• fjyd •8s•ts rchas• ofh•tilag¢ a558ts Rounttin9 Cash uyedln Iipmtii¥J actlbks 344 IDeuOaBgylncr•as• in cash and cash Wl•nts 313 142.786 . Cosh and cashequiwjents atbewnin9 oljwr 221.017 78,232 T¢al ¢ashandcosheW4Blenis•i end(rfJvr 220.704 221.017 Turnerf5 kneTfUSt Report and FuHMial Slatèrn2O2l 19
TUIINER% HOILSETRUST NOTESTOThE FIMANCLILSTATEMEKfsFOR THEYEIRINDID 31 DECEIIBER2021 •pt4nblE kn Ihe hd of Wzk The 5¥1efflwrtol Prn¢le •Ppk•b ttrItI prepithitheit acc(wr*s aLrorthte wuh the FlrAncW stsfNlard kn the W and IrekThrt (FR5 Idfttl¥e l January Tumerfs HouseTru5t Rewt and FThnri•l Statements 2021 20
NOTESTOIIIEFINANCIALsfATEIIEKfsFoR THE YL411 ENDED 31 DECEMBER 20ZI D¢cttnbff 2021. 1&1 724 JJM •a.14s a14.71$ 2JZ3 42.t Tumerfs Hou5eTnJst Rep(vt and Ftrwidal 5taith*Thts 1021 21
Yw¢• 2010 201• S$9$ s6 IQF? 5ts98 JoiJ 3WI 12 6Je 1266 Emnls 1.76S 5.$56 )4r4 631• 2261 S41 6ffj79 Y••rlo 27AJ 35 62A57 JSDO A92 Tr4F•IgJFOnS4B 32 790 2.135 ).159 2499 2917 5•4 7SI 3471 135 21109. SA•9 401 Print Fostand ÉkilDTh ISO E33 )595 2416 595 10• 21946 ¥585 sss g.l•J 1.TTI ioJ40 <yPlin ¢ps aJKl&J>J•bon F•esloiSet<¢•S-Tts•li 6ifvh Cu# 3329 4.116 f34S 3¢34 4A42 4512 670 F¥n$kngCo5 1975 .724 4092 3525 511 1042 sjs 1ty12 Lip¥ FH5 S8nérJmbElod4q- StkipielsRllad EnknK•Prpi1o 2th37 52J4 £ia¥ ioi Tumerfs House Trust Rewl and FThndal statern2021 22
1021 fl#:: 5• 1 Y4¥ pJp•A è1787 4isthty-' IL.IsTr 91 ketèiter21$1 Tumeffs Hous*Tru5t Reportatsd Financial Statements 2021 23
4WJ IJW15 IJ4D915 1* 3)37 s.t40 11•.Ir• Jih¥ tWJ43 T2 Tufnels House Trust Report and Finandal slatern 2021 24
51Jll Iij 45 SIJA4 p. *•¢e4t 3AIWI. W9Jm" 3A19NI Twnerfs House Trnst Réportand Flnan(ial Staternefftts2021 25
NOTESTOTHE FIN •SAAS 3.ts4.17> 1*011.
24J 814 3.76lJf7 Y411 76•21 9¢6 142.411 Jiiiia121 sj Tumefs ktouseTrust Reportand FlnanLial SMements2021 26