Charity Registration Number - 225439
THE TURLEY TRUST
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2021
| CONTENTS | PAGE | |
|---|---|---|
| Trustees' Report | 1 | |
| Report of the Independent Examiner | 3 | |
| Receipts and Payments Account | 4 | |
| Statement of Assets and Liabilities | 5 | |
| Notes to the Financial Statements | 6 |
THE TURLEY TRUST
TRUSTEES' REPORT
The trustees present their report with the financial statements of the charity for the year ended 5 April 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
The governing instrument of the Charity is a scheme of the Charity Commission dated 14 May 1969.
| Charity registration number: | 225439 |
|---|---|
| Trustees: | Mrs M F A C Shinner |
| Mr Roger Brittain (Deceased September 2020) | |
| Mrs Rachel Copley | |
| Mrs Penny Ralph | |
| Clerk to the charity and principal office: | Mrs M F A C Shinner |
| Parker Rhodes Hickmotts | |
| The Point | |
| Bradmarsh Business Park | |
| Bradmarsh Way | |
| Rotherham | |
| S60 1BP | |
| Bankers: | The Royal Bank of Scotland |
| High Street | |
| ROTHERHAM | |
| S60 1PS | |
| Solicitors: | Parker Rhodes Hickmotts |
| The Point | |
| Bradmarsh Business Park | |
| Bradmarsh Way | |
| Rotherham | |
| S60 1BP | |
| Independent examiner: | Mark Garrison BCom FCA DChA |
| Allotts Business Services Ltd | |
| The Old Grammar School | |
| 13 Moorgate Road | |
| ROTHERHAM | |
| S60 2EN |
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THE TURLEY TRUST
TRUSTEES’ REPORT
OBJECTIVES AND ACTIVITIES
The Charity's objectives are the provision of Almshouses to Almswomen in the Rotherham area.
PUBLIC BENEFIT
In setting plans and priorities for areas of work, the trustees of The Turley Trust have had regard to the guidance from the charity commission on the provision of public benefit.
The public benefit arising from The Turley Trust can be seen in the continued provision of a suitable standard of accommodation for Almswomen in the local area. This is in line with the Charity's activities and objectives to make available Almshouses to Almswomen in the community and is met by providing five such houses on Ridge Road, Rotherham.
The properties are provided for gentlewomen of good character who are in reduced, needy or indigent circumstances.
The Charity also aims to support relevant elderly individuals in the community with other additional services they provide.
ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW
The Charity continued to provide five Almhouses on Ridge Road, Rotherham.
Unfortunately, as a result of continual break-ins to the almshouses where there has been a layer upon layer of damage, the almshouses are currently inhabitable, some more so than others. The almshouses have been boarded up in an attempt to maintain their security. Enquiries are being made with the Charities Commission as to whether the Trust Document can be widened so that the houses can be used in a more pro-active way in the community and potential connection with the Lighthouse charity for the homeless is being explored; as is an application to the Charities Commission to widen the scope of the charitable trust. The Charities Commission are not keen to widen the terms and further consideration is being given to the way forward, including requesting permission to sell to Rotherham Council or a similar organisation as several contacts have been made in relation to this.
The year end financial position of the Charity is satisfactory. As set out on page 6 the market value of investments as at 5 April 2021 was £447,790 which is now £421,069 in excess of their original cost. There was a net surplus of receipts over payments on the income fund for the year of £8,455.
The Charity's policy is to maintain a sufficient level of reserves in order to meet the expected annual running costs of the Almhouses, in turn this will provide public benefit to Almswomen in the Rotherham area.
COVID 19
The Almshouses are currently unoccupied and the current situation appears to have exacerbated the problems the charity has experienced with people breaking in. The trustees currently employ the services of a security firm to perform ad hoc patrols attending the properties.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The governing instrument of the Charity is a scheme of the Charity Commissioners dated 14 May 1969. The Charity is constituted by Deed of Trust. Trustees shall be appointed for a term of five years by a resolution of the Trustees passed at a special meeting.
Approved on behalf of the trustees on 21 January 2022 by:
…………….……………………………………….
…………….……………………………………….
Rachel Copley, TRUSTEE Penny Ralph, TRUSTEE
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INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF THE TURLEY TRUST
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2021 which are set out on pages 4 to 6.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records
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.
Mark Garrison BCom FCA DChA Allotts Business Services Ltd Chartered Accountants Registered Auditors Rotherham
Date: 24 January 2022
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THE TURLEY TRUST
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2021
| Note RECEIPTS Investment income 1 Investment sale proceeds TOTAL RECEIPTS PAYMENTS Gas and electricity Rates and water charges Insurance Repairs Accountancy and independent examination Legal and professional fees Security TOTAL PAYMENTS NET RECEIPTS FOR THE YEAR BANK BALANCES AT 6 APRIL 2020 BANK BALANCES AT 5 APRIL 2021 |
UNRESTRICTED FUNDS 2021 2020 £ £ 13,471 13,477 20,000 8,000 33,471 21,477 171 902 18,979 11,290 - 834 1,102 836 - 3,060 12 504 4,752 - 25,016 17,426 8,455 4,051 7,335 3,284 15,790 7,335 |
|---|---|
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THE TURLEY TRUST
STATEMENT OF ASSETS AND LIABILITIES
AT 5 APRIL 2021
| Note MONETARY ASSETS Bank Balances Bank current account Account at Solicitors Total bank balances at 5 April 2021 INVESTMENTS - at market value 2 OTHER ASSETS Tangible Fixed Assets - Freehold Land & Buildings Medhomes Ridge Road, Rotherham - at cost Costs of improvements to property Ground rents LIABILITIES Accountancy and independent examination Solicitors' administration fees TOTAL NET ASSETS |
UNRESTRICTED 2021 £ 15,374 416 15,790 447,790 38,978 57,431 1 96,410 3,222 14,400 17,622 542,368 |
FUNDS 2020 £ 7,335 - 7,335 375,245 38,978 57,431 1 96,410 1,590 10,800 12,390 466,600 |
|---|---|---|
These financial statements were approved by the Trustees on 21 January 2022 and signed on their behalf by:
………………………………....……………………..
Rachel Copley, TRUSTEE
………………………………....……………………..
Penny Ralph, TRUSTEE
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THE TURLEY TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2021
| 1 - INCOME RECEIVED UK UNIT TRUSTS Charities Official Income Units 2 - INVESTMENTS UK UNIT TRUSTS Charities Official Income Units (24,872.46 units) Charities Official Accum Units (9.25 units) |
2021 2020 £ £ 13,471 13,477 13,471 13,477 MARKET COST COST VALUE AT 2021 2020 05/04/21 £ £ £ 445,874 26,469 27,679 1,916 252 252 447,790 26,721 27,931 |
|---|---|
3 - TRANSACTIONS WITH TRUSTEES
Mrs M F A C Shinner is a Trustee of The Turley Trust and a partner in Parker Rhodes Hickmotts, a business which provides services to the charity. At 5th April 2021 accrued fees relating to Parker Rhodes Hickmotts administration of the Trust of £7,200, including VAT, for fees of £3,600 relating to the year ended 5th April 2021 and for fees of £3,600 relating to the year ended 5th April 2020 and a balance of £7,200 on their client account respresenting unpaid administration fees for the years ended 5th April 2018 and 5th April 2019 were outstanding and included in liabilities at the year end.
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