REGISTERED CHARITY NUMBER: 1205327
Report of the Trustees and
Unaudited Financial Statements
for the Period Ended 31 May 2024
for
THE TURLEY CHARITABLE TRUST
Evdyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

THE TURLEY CHARITABLE TRUST
Trusi Information
for Ihe period ended 31 May 2024
Rgleron¢g and admlnlslrallve detalls
Reglstered Charlty number
1205327
Reglstered office
Tur18y Associates
Transmission
6 Atherton Street
Manchester
M3 3GS
Trustsgs
A Browne
LCHart
OJCarr
C Patel
P J White
Indopgndgnl Examlner
Evelyn Partners Imanchesltrrl Lim((ed
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN
Bankers
Yorkshire Bank ple
48- 50 Market Street
Manchester
M1 1PW
Page 1

THE TURLEY CHARITABLE TRUST
Report of the Trusiees
for Ihe period ended 31 May 2024
The trustees present their report Vlith the lillancial statements ol the ¢harity for the peric*J end&J 31 May 2024.
Pl8ase refer to page 1 lor the registration numbw, address ol the principal office and the names ol the trustees who
served during the peri￿1.
The trustees have adopted the wowsions ol Accounliro and Reporting by Charities-. Statem8nt ol Rec(xnmend
Practice ar¥)licable to charities preparing th&r a(xounls in a(tOTdance with the Financial Reporting Stanclard appiicable
in the UK and Republic ol Ireland IFRS 1021 leffectiv8 1 January 20191 (Charities SORP IFRS 10211.
The Fund's governing document is the Declaration ol Trust executed 20 October 2023.
On the 2W November 2023 a previous charity, The Turley Associates Charitable Trust. wth registered charity number
1125455 ¢ea5ed operations and transferred its assets lo Th& Turley Charitable Trust.
Objectlves and activities
Polides and oble¢tives
The Turley Charitable Trusl was founded and registered with the Charty Commissh?n (Registration number 1205327) on
20 October 2023 as a charity lo provide funds lor-.
al The prevention or relief ol sy)verty',
bl The advancement ol health..
cl The advancement ol &Jucation:
dl The advancèment ol arts, culture, heritage or science..
el The preservation, conservation and protecb'on ol the environment and the prudenl use ol resources-
11 The roliel of poverty and the itnprovement ol the conditions ol life in socially and economically disadvantaged
commtjnities..
gl The promotion ot sustainable means ol achSeving economic growth and regeneration.
Sustainabje devdopmenl means development which meet5 the needs ol the yesent without compromising the ability of
future generations lo meet their own neerjs.
Truste8s can make funds available lor such legally charitable purposes as they in their absolute discretion detemiine.
The trust deed aulhorfses trustees to make and hold inve5trnents
Publlc benèfit
The trustees confirm that that they have referred to the guidance contained in the Charrty Commission's general
gLJidanc& on public benefit when reviewing the Charity's aims and objective5 and in plaMin9 lulure actlvllies.
Achlevement$ and performance
Charitable activitles
The Iruslees have maintained their donation strategy and o)mmunication plan which has resulted in a high degree ol
engagetnent wlh the Settlor's co-owners. A number ol (bnations have been tnade in furtherance ol th8 Trust's aims and
in consultation with the Settlor's co-owners.
In the past year the trustees have continued to work with Charity Champions, who are locd represenlalives of the
Settlor's co-owners. lo identify projects thal meet the Charity's airns. Doing so has increased the levd ol I￿al
engagement in the work ol the charity and the donation requests that the Charity has been able lo support. To support
Ihls work Ihe Trust offers mal¢h funding lor all funds raised by co-owners. Regular financial donations are now made lo
10 charitable projects in each ol the Settlor's Dff ice locations. In turn, rdationships have been formed wth those leading
the charr(able yojects supported and regular leedback on progress is received by the trustees who are salisli&J that
donations prtsvided are wdl used. The trustees have arranged opportunities lor co-owners to engage in charitak￿e work
in the UK and ￿th its partner ¢harity overseas.
Pagg 2

THE TURLEY CHARITABLE TRUST
Report of the Trustees
for the period ended 31 May 2024
Flnonclal revlew
Financial position
During the period the Trust's income from JI s0￿ceS arnounled lo £52,819.
Resources expended on charitable actSvilies lolalled £52,819.
The lolal accumulated unrestricted funds ol the Trust at 31 May 2024 were £2,201. The Trustees consider that the
linanoal FX)Sition al 31 May 2024 was satisfactory.
Invastment pollcy and oblectlves
The trust proposes lo conllnue lo hold its fund In cash held at Its bank lor Ihe loreseeatrAe lulure. given that the funds are
relatively modest and ar@ available lo be given as donations in the short lo medium tem).
Roservgs pollcy
The Trust mantains the reserves ol the charity in order to rlleel capital ¢ontingw)cies whKh may arise from time to time.
Reserves held al the end ol the year wer8 £2,201.
Golng concern
Aller making appropriate enquiries the Iruslees have a reasonablg expectation thal tha charily has adequate resources
to continue in operational existence lor the foreseeable future. For this reason they continue to adopt the going concern
basis in preparing the financial slalemenls. Further delwls regardiro the adoption ol the goirvJ co￿ern basis can be
found in the accounting poli¢ies.
Future plans
The Trustees will conlinue to provtde s￿￿e$ in accordan￿ with the objectives as stated above and look lo)ward lo
rnaintaining a close Wor￿ing relationship with the Settlor.
Donated servlces
Turtey A5$0¢iales knmTted have dir￿tlY lund&J the independent examiners and governance cost of £1,500 and this has
been recognised withln incoming resources as a donation 4Mth the ¥uivalent charge included wlthln resources
expended.
Page 3

THE TURLEY CHARITABLE TRUST
Report of the Trustees
for the period ended 31 May 2024
stru￿Ure1 governanc& and management
Re¢rultmenl and appolntment ol new trustees
The management ol the charity is the responsibilily ol the TrLJslees who are elected and co-opted under the terrns ol the
Trust deed. The settlor (Turley Associates ￿mIted) is aulhorised to appoinl new Trustees lo lill vacancie5 arising through
resignation or death ol an existing Trustee.
Related partles
The Charity works closely ￿1th its Settlor, Turley Associal8s Llmiled, In delivery ol its charitable objectives. Transactions
with Turley Associates Limited are shown in note 10 ol the financial statements.
Risk management
Internal Conlrd risks are minimised by the irnF4ementation ol procedures lor aulhorfsalon ol dl Iransactlons and projects.
Procedures are in pla￿ lo ensure compliance with health aThl safety regulati￿$.
Duri￿ the year the Trustees continued to maintain systems and procedures to mitigate the risks the charity fa￿S aTh
rnainlwn procedures lo minitnise the Fotential impa¢1 on the charity should those risks malerfalise. The Trustees have
key conlrols in rAace lo manage those risks. The major risks to which the Trust is exposed have been reviewed by the
Trustees and procedures are in place to rnanage those risks.
The main risk for the charity is..
Donations being given to an organisation does not spend the tjonalion In Ilne wllh the Trust'8 charitable
Obl￿tIves.
To rnitigale this risk-
Donor organisalions are proposed and selected on an office by office basis coll￿tIVelY by all who in each office
and subject to an assessment process by the Trustees. Charity co-owners and Trustees dci, in many cases,
play an active role in managing the rglalionship wth each donor organisation.
Statemeffl ot Trustses, responslbllltie$
The Trustees are responsible lor preparing the Trustees, Report and the linanaa statements in accordancè with
applicable laws and regulations.
The Charities Act 2011 requires the Trustees to prepare financial statements lor each financial year. The Tnjstees have
to prepare thè linanoal slaternents in accordance with Unlled Kingdom Generally Accepted Accounting Eractice (United
Kingdom Accounting Standards and applicable lawl. Thé Trust￿ must not approve the financial state@nts unless they
are satisfied that they give a true and lair view ol the Stale of affairs ol the charity and ol the inctsming r*burces and
application ol resources. including thè income and expenditure, ol the charity lor that period. In preparIn￿theSe linanry
slalements th& Trustees are r￿uired to..
se1￿1 sultak￿e accounting policie5 and then apply Ihern consistently.,
ObseNe the rnetho(*s and principles in thè Charities SORP,.
Make judgements and estimates that are reasonable and prudent.,
Prepare the financial statements on thè going con￿rn basis unless it is iropprr¥Jriate to presume that the charfty
will continue in business.
The Trustees are responsible for keeplng adequate accounting records that are suffiaent to show and explain Ihe
charity's Iransaclion5 and disclose with reasonable accuracy at any time the financial position ol the charity and enable
them lo ensure that the financial statements comply ￿th the Charities Act 2011. the Charity IAccounts and Reports)
Regulations 2008 and the provisions of the tru51 deed. They are also responsible lor safeguarding the assets ol the
charity and hen¢& for taking reasonable steps lor the PTevention det￿tIOn ol fraud and other irregularities.
Approvecl by or¢Jer ol the board of Iwslees on
and signed on its behalf by..
A Browne- Trustee
Page 4

THE TURLEY CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE PERIOD ENDED 31 MAY 2024
Independent Examlner's Report to the Trustee5 of The Turley Charltable Twst (the ¢harlty)
I roport on Ihe accwnts of Ihe eharty fortha èndsd 31 May 2024, which are ssl oui on pages 6- 11.
This report is mad& soldy lo the charity's trustees. as a bcK1y, in accordan¢e with the iegulatiMs made under Section 154 of the
Charities Act 2011. My work has been und8riak8n so that l Tniqhl slate lo the charity's Trusiees those matters l am required lo stale lo
them in an independent examiner's report and lor no other purwse. To the tu1￿$1 eklent permitt8d by law, I (Jo not accept or a55ume
responsiknlity lo anyon8 olh8r than th8 charity and th8 charity's Trusle8s as a body, lor Tny work. for this report. or for the otAnlon81
have formed.
Responsibilitie$ and basis Ot report
charitys trustees a￿ ￿spOn*t￿e for the preparati￿ of Ihe a￿nIs. The charity's trustees consider that an audrt is rK)t required for
the year und8r S8Glion 144121 of the charit￿s Act 2Q11 and thal an ind8pendenl examinalion Is ne&Yed.
Havir¥J satisfied mysell Ihat the accounts of Ihe Charily are not r8quired to be audited und&r Part 16 01 the 2006 Act and are eligible for
independent examination. I reF￿rt in respect of rny exarninalion ot youreharity's a¢¢ounts as ￿rrIed out under Section 145 of th8
Charities Act 2011 I'lhe 2011 Act'l. In carrying out my examlnaiion I have followed the Directions given by the Charity CotnmissK>n
uTrJer SeetKsn 145151 Ibl of the 2011 Act.
Independent examlner's statement
I have cotn ￿et$￿ my examination. I confirm that ne matters have (*me to my attention in connecbon wth the examlnation giving me
cause to bdi8ve'.
1. accwniiffj records were not kept in rssp*t of tho charily as ￿qUIled by Se¢tk)n 130 of Ihe Charit￿3 Act a)11. or
2. the a¢¢ounls do not acGgid with those word5,' or
3. the a¢¢ounls do not ¢omp1y with the applicable reouiremenls corteming Ihg form and ¢ont8nl ot accounts set out in the Chttrib'es
(Accounts and Reports) Regulations 2008 olh8r than any r8quirem8nl Ihal th8 accounts 9ive a true and fair view which is not a
matter considered as Dart of an incleoenéent examination.
I have no concerns and have come across no other mallers In conneciion Wlh Ire examinats.on to wh￿h att8ntion 5h(¥Jld be drawn in
llis re￿rt in order lo enable a pro￿r wderslanding ol the accounts lo b8 reached.
David M Fort FCA
Eve1￿ Partners IManchest8rl Llrnlt8d
Accountants
Date..
3rd Floor
Northern Assurance Buiklirys
9-21 Princes5 Street
Manchesier
M2 4DN
Page 5

THE TURLEY CHARITABLE TRUST
STATEMENT OF HNANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 MAY 2024
Notes Unrèslrl¢ted
lunds
2024
Total
funds
2024
Income
Donations and legacies
52,819
52,819
Total Income
52,819
52.819
nditure
Charitable activ1￿eS
Support costs
51,319
1,500
51,319
1,500
Total expendlture
52,819
52,819
Net movement in funds
Reconclllatlon of lunds:
Funds transferred from The Turfey Associates Charitable
Trust
2,201
2,201
Total funds carried forward
2,201
2,201
All amounts relate to conlinuing activili8s and unrestricted funds.
The charity has no recognised gains or losses other than the results for the year as set out above.
Income and 8xpendilure are measured under the historical cost convention.
The notes on pages 8 to 11 form part ol these linancial statefflents.
Page 6

THE TURLEY CHARITABLE TRUST
Reglstratlon number: 1205327
BALANCE SHEET
AS AT 31 MAY 2024
Notes
2024
Current assets
Debtors
Cash al bank and in hand
51,319
2,201
53.520
Current liabilities
Creditors
10
151,3191
Net assets
2,201
Funds
Unrestricted funds
2,201
Total funds
2,201
The financial statements were approved by the Board ol Trustees on
their behalf by..
and signed on
A Brown &rusteel
The nolefon pages 8 to 11 form part of these financial stalemenls.
Page 7

THE TURLEY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024
1 General informatlon
The Turley Charitable Trust is an unlncorporated chartty registered in England and Wales.
The charitys registration number and principal off￿e address are on page 1 of these financial statements.
2 AC￿untIng policies
The principal accounting policies adopted, judgements and key sources ol eslimalion uncertainly in the preparation
ol the financial staternents are as follow8:
a) Basis of preparing Ihe financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Ac¢ounling and
Reporting by Charili8s.' Slaternent ol Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial ReFX)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective
1 January 20191, the Financial Reporting Standard appI￿able in the UK and Republic ol Ireland IFRS 1021 and the
Charities Act 2011.
The financial slalemenls have been prepared lo give a true and lair, view and have departed from the Charitie5
IA¢counls and Rewrtsl Flegulalions 2008 only to the extent required lo provide a 'lrue and lair view,. This
departure has involved following the Accounting and Reporting by Charities.. Statement ol Recomfflended Praclicg
applicable to charities preparing their accounts in accordanc& with the Financial Reporting Standard applicable in
the UK and Republic ol Ireland issued in O¢lobgr 2019 rather than the Accounting and Reporting by Charities..
Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Turlgy Assodale8 Charitable Trust meets the dellnS1ion ol a publbc benefit entity under FRS 1 Ir2. Assets and
liabilities are initially recognised al histor￿al cost or transaction value unless c>lheNise slated in the relevant
accounting pollcy.
b) Preporatlon ot fSnancial slalements on a going concern basi$
The financial statements have been prgpared on a going cOr￿ern basis which the Trustees consider to be
apopropriale lor the following reasons..
The activities ol the charty are limited to distributing funds provided by ils settlor, Turfey Associates Limited. and
the charity has no specific commitments and no commited costs.
The Trustees have considered a severe bul plausible downside scenario in which the level of donatlDns is reduced
to £nil lor the next 12 months. Given the charity's operating model, wherby its activities are to make discretionary
payments to other charllies and charitable activities from donations received. even in this scenario the charity will
have suffi¢ienl funds to continue in operation for the foreseeable future, being a period ol al least 12 months from
the dale ol approval ol the financial stat&ments. and meet ils liabilities as they fall due lor that peTlOd.
c) Incoming resources
All incorne is recDgnised Once the charity has enlillement lo the income. il is probable trhat the income will be
received and the amount ol income receivable can be measured reliably.
Page 8

THE TURLEY CHARITABLE TRUST
NOTES TO FINANCIAL STATEMENTS (CONT.)
FOR THE PERIOD ENDED 31 MAY 2024
1 Accountlng policies (continued)
d) Resources expended
Liabilities are recognised as expenditure as soon as thgre is a legal or conslruclive obligation committing the
charity lo that expenditure, il is probable that a Iransler of economic benefits will be required in settlernenl and
the amount ol the obligation can be measured reliably. Expenditure is accounted lor on an accruals basis and
has been classified under headings that aggregate 811 cost related to the category. Where costs cannot be
directly attributed lo particular headings they have been allocated to activities on a basis ￿nsIstenI Mth the use
of resources.
Costs of generating funds are those costs incurred in attracling voluntary income, and ihose
incurred in trading activities that raise funds.
Charitable activities costs are costs incurred on the charity's operalions.
Governance costs include those incurred in the govgrnance ol the charity and its assets and are
prlmarily associated with conslilulional and slalulory requirements.
Support costs are those costs incurred directly in support ol expenditure on the objects ol the
charity and include project managemerit costs carried out al headquarters.
e) Cash at bank and In hand
Cash al bank and in hand includes cash and short term highly liquid investments with a short maturity ol Ihiee
months or less from the date ol acquisition or opening ol the account.
Fund accountlng
Unrestricted funds comprise the accumulated surplus or deficit on the slalemenl 01 financial aclivilies. They
are available lor use at the discretion ol the Trustees in furtherance of the general objectives ol the charity.
g) Flnanclal Instruments
The charily only has financial asseis and liabilities which qualify as basic financial instruments. Basic financi81
instruments are initially recognised at transaction price and subsequently measured at their setllemenl value
unless the arrangement constilul&s a financing transaction where the transaction is measured al amortised
cost using the Èllective rale ol interest.
Page 9

THE TURLEY CHARITABLE TRUST
NOTES TO FINANCIAL STATEMENTS {CONT.)
FOR THE PERIOD ENDED 31 MAY 2024
3 In¢ome from donatlons and legacles
2024
Donations
52,819
All the income from donations in 2024 was unrestricted.
4 Charltable expendlture
2024
Promotion of education
Relief ot ill health and poverty
Overseas aid
18,250
33,069
51.319
All charitable expenditure in 2024 was unrestricted.
5 Support costs
2024
Independent examiner's fee
Bank charges
1,500
1,500
Support costs are allocated 100 % to charhable activitiès
6 Trustees. remuneration and benefits
During the y8ar, no Trustees received any remuneralion, benefits in kind or reimbursement ol expenses
7 Staff costs
The charity had no employees during the year
No employees received emoluments exoeeding £60,Th)0.
Page 10

THE TURLEY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONT)
FOR THE PERIOD ENDED 31 MAY 2024
Debtors
2024
Other debtors
51,319
Cash al bank
2024
Cash at bank
2.201
10 Credltors
2024
Other creditors
51,319
11 Analysls ol net assets between funds
Balance at
20 Oct 2023 Income
Transfer from Balance at
old entity 31 May 2024
Expenditure
Unrestricted funds
General funds
51,319
51,319
2.201
2,201
Total funds
51,319
51.319
2,201
2,201
12 Related party transactions
Turley Associates Limited contributed £51,319 to Ihe charily and paid £51,319 donations on ils
behalf durinq the period ended 31 May 2024.
As the Turley Charitable Trust did not have a bank account until post 31 May 2024 these amounts
are shown as debtors and creditors on the balance sheet.
Turley Associates Limited is a related party as the company is the founder ol the charily.
On 27th November 2023 The Turley Associate5 Charitable Trust, a previous charity founded by
Turley Associates Limited ceased operations aNJ Iransterred its assets of £2.2011o The Turley
Charitable Trust.
Page11