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2021-12-31-accounts

TURPIN'S CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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)

OBJECTIVES AND ACTIVITIES

Turpin's Charity is a CIO and is governed by a Trust Deed. Turpin’s charity provides grants to individuals and orgnaisations who are in a condition of hardship, distress (whether physical, financial or mental) who reside in the parish of Aston Clinton or the parish of Cholesbury-cum-St Leonards. Turpin's Charity begin in 1736 when Widow Turpin died, in her will she bequeathed all of her freehold land within the parish of Aston Clinton to the benefit those in need of monetary support in Aston Clinton and the parish of Cholesbury-cum-St Leonards forever. Today the charity continues to support those in need.

Objectives/Purposes

  1. To relieve persons or organisations who are in conditions of need, hardship or distress whether physical, financial or mental.

  2. To assist with the education and training of young persons.

  3. To assist with the provision of residential accommodation.

  4. To assist with the provision of any other benefit.

The trustees have had regard to guidance issued by the Charity Commission on public benefit. The Board of trustees have quarterly meetings at which they review and award grants to those in need.

ACHIEVEMENTS AND PERFORMANCE

In 2021 the charity reviewed 12 grant applications and awarded 8 grants to members of the local community.

The charity provided a range of grants to individuals and local community organisations to relieve financial and physical hardship, including:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an incorporated charity

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1192370

Principal address

Mr R Maskell c/o 12 Brook Street Aston Clinton Aylesbury Buckinghamshire HP22 5ES

Trustees

R E Maskell Trustee J Allen Trustee S Bottomer Trustee N Brigden Trustee J Watson Trustee

Independent Examiner

Four Oaks Taxation & Accounting Services Limited Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfield West Midlands B74 2UG

Approved by order of the board of the trustees on 13 September 2022 and signed on his behalf by:

R E Maskell, Chair of trustees

REGISTERED COMPANY NUMBER: 1192370 (England and Wales) REGISTERED CHARITY NUMBER:

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

FOR

TURPIN'S CHARITY

Four Oaks Taxation & Accounting Services Limited Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfield West Midlands B74 2UG

TURPIN'S CHARITY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 7
Detailed Statement of Financial Activities 8

TURPIN'S CHARITY

REPORT OF THE TRUSTEES FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 17 November 2020 to 31 December 2021. The trustees have adopted the provisions of 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).

INCORPORATION

The charitable company was incorporated on 17 November 2020 and commenced trading on 1 December 2021.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

1192370 (England and Wales)

Registered Charity number

Registered office

Mr R Maskell c/o 12 Brook Street Aston Clinton Aylesbury Buckinghamshire HP22 5ES

Trustees

R E Maskell Trustee (appointed 1.1.2021) J Allen Trustee (appointed 1.1.2021) S Bottomer Trustee (appointed 1.1.2021) N Brigden Trustee (appointed 1.1.2021) J Watson (appointed 1.1.2021)

Independent Examiner

Four Oaks Taxation & Accounting Services Limited Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfield West Midlands B74 2UG

Approved by order of the board of trustees on 30 June 2022 and signed on its behalf by: R E Maskell - Trustee

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TURPIN'S CHARITY

Independent examiner's report to the trustees of Turpin's Charity ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the period 17 November 2020 to 31 December 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors 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, I 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 I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  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

  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

  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)).

I 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.

Michael J Rudd FCA Four Oaks Taxation & Accounting Services Limited Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfield West Midlands B74 2UG

30 June 2022

Page 2

TURPIN'S CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

Notes
INCOME AND ENDOWMENTS FROM
Investment income
2
EXPENDITURE ON
Charitable activities
Charitable activites
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Unrestricted
funds
£
46,148
32,802
307
33,109
13,039
1,272,798
1,285,837

The notes form part of these financial statements

Page 3

TURPIN'S CHARITY

BALANCE SHEET 31 DECEMBER 2021

Notes
FIXED ASSETS
Investments
Investment property
4
Social investments
5
CURRENT ASSETS
Cash at bank
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
6
Unrestricted funds
TOTAL FUNDS
Unrestricted
funds
£
2,000
1,277,334
1,279,334
6,503
6,503
1,285,837
1,285,837
1,285,837
1,285,837

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2022 and were signed on its behalf by:

R E Maskell - Trustee

The notes form part of these financial statements

Page 4

TURPIN'S CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

Allotment income
Other fixed asset invest - FII
Curr asset inv income
£
173
45,972
3
46,148

continued...

Page 5

TURPIN'S CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 December 2021.

4. INVESTMENT PROPERTY

FAIR VALUE
At 17 November 2020
and 31 December 2021
NET BOOK VALUE
At 31 December 2021
5.
SOCIAL INVESTMENTS
MARKET VALUE
At 17 November 2020
Additions
Disposals
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
£
2,000
2,000
Other
investments
£
1,261,359
45,975
(30,000)
1,277,334
1,277,334

6. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Charities deposit fund
TOTAL FUNDS
At
17.11.20
£
11,439
1,261,359
1,272,798
1,272,798
Net
movement
in funds
£
(32,936)
45,975
13,039
13,039
Transfers
between
funds
£
30,000
(30,000)
-
-
At
31.12.21
£
8,503
1,277,334
1,285,837
1,285,837

continued...

Page 6

TURPIN'S CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

6. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 173 (33,109) (32,936)
Charities deposit fund 45,975 - 45,975
46,148 (33,109) 13,039
TOTAL FUNDS 46,148 (33,109) 13,039

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 December 2021.

Page 7

TURPIN'S CHARITY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

INCOME AND ENDOWMENTS
Investment income
Allotment income
Other fixed asset invest - FII
Curr asset inv income
Total incoming resources
EXPENDITURE
Charitable activities
Grants to individuals
Other
Insurance
Support costs
Governance costs
Wages
Accountancy and legal fees
Total resources expended
Net income
£
173
45,972
3
46,148
46,148
29,703
307
1,299
1,800
3,099
33,109
13,039

This page does not form part of the statutory financial statements

Page 8

REGISTERED COMPANY NUMBER: 1192370 (England and Wales) REGISTERED CHARITY NUMBER:

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

FOR

TURPIN'S CHARITY

Four Oaks Taxation & Accounting Services Limited Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfield West Midlands B74 2UG

TURPIN'S CHARITY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 7
Detailed Statement of Financial Activities 8

TURPIN'S CHARITY

REPORT OF THE TRUSTEES FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 17 November 2020 to 31 December 2021. The trustees have adopted the provisions of 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).

INCORPORATION

The charitable company was incorporated on 17 November 2020 and commenced trading on 1 December 2021.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

1192370 (England and Wales)

Registered Charity number

Registered office

Mr R Maskell c/o 12 Brook Street Aston Clinton Aylesbury Buckinghamshire HP22 5ES

Trustees

R E Maskell Trustee (appointed 1.1.2021) J Allen Trustee (appointed 1.1.2021) S Bottomer Trustee (appointed 1.1.2021) N Brigden Trustee (appointed 1.1.2021) J Watson (appointed 1.1.2021)

Independent Examiner

Four Oaks Taxation & Accounting Services Limited Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfield West Midlands B74 2UG

Approved by order of the board of trustees on 30 June 2022 and signed on its behalf by: R E Maskell - Trustee

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TURPIN'S CHARITY

Independent examiner's report to the trustees of Turpin's Charity ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the period 17 November 2020 to 31 December 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors 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, I 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 I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  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

  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

  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)).

I 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.

Michael J Rudd FCA Four Oaks Taxation & Accounting Services Limited Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfield West Midlands B74 2UG

30 June 2022

Page 2

TURPIN'S CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

Notes
INCOME AND ENDOWMENTS FROM
Investment income
2
EXPENDITURE ON
Charitable activities
Charitable activites
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Unrestricted
funds
£
46,148
32,802
307
33,109
13,039
1,272,798
1,285,837

The notes form part of these financial statements

Page 3

TURPIN'S CHARITY

BALANCE SHEET 31 DECEMBER 2021

Notes
FIXED ASSETS
Investments
Investment property
4
Social investments
5
CURRENT ASSETS
Cash at bank
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
6
Unrestricted funds
TOTAL FUNDS
Unrestricted
funds
£
2,000
1,277,334
1,279,334
6,503
6,503
1,285,837
1,285,837
1,285,837
1,285,837

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2022 and were signed on its behalf by:

R E Maskell - Trustee

The notes form part of these financial statements

Page 4

TURPIN'S CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

Allotment income
Other fixed asset invest - FII
Curr asset inv income
£
173
45,972
3
46,148

continued...

Page 5

TURPIN'S CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 December 2021.

4. INVESTMENT PROPERTY

FAIR VALUE
At 17 November 2020
and 31 December 2021
NET BOOK VALUE
At 31 December 2021
5.
SOCIAL INVESTMENTS
MARKET VALUE
At 17 November 2020
Additions
Disposals
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
£
2,000
2,000
Other
investments
£
1,261,359
45,975
(30,000)
1,277,334
1,277,334

6. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Charities deposit fund
TOTAL FUNDS
At
17.11.20
£
11,439
1,261,359
1,272,798
1,272,798
Net
movement
in funds
£
(32,936)
45,975
13,039
13,039
Transfers
between
funds
£
30,000
(30,000)
-
-
At
31.12.21
£
8,503
1,277,334
1,285,837
1,285,837

continued...

Page 6

TURPIN'S CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

6. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 173 (33,109) (32,936)
Charities deposit fund 45,975 - 45,975
46,148 (33,109) 13,039
TOTAL FUNDS 46,148 (33,109) 13,039

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 December 2021.

Page 7

TURPIN'S CHARITY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 17 NOVEMBER 2020 TO 31 DECEMBER 2021

INCOME AND ENDOWMENTS
Investment income
Allotment income
Other fixed asset invest - FII
Curr asset inv income
Total incoming resources
EXPENDITURE
Charitable activities
Grants to individuals
Other
Insurance
Support costs
Governance costs
Wages
Accountancy and legal fees
Total resources expended
Net income
£
173
45,972
3
46,148
46,148
29,703
307
1,299
1,800
3,099
33,109
13,039

This page does not form part of the statutory financial statements

Page 8