Charlty Reglstratlon Number- 225439 THE TURLEY TRUST REPORT AND FINANCIAL STATEMENTS ENDED 5 APRI CONTENTS PAGE Tru8tee8' Report Report of the Independent Examlner Recelpts aTrJ Payment8 Account statement of ABSets and Uabllllies Note8 to the Flnanclal Statement8
THE TURLEY TRUST TRUSTEES. REPORT Thè tru8lees present Ihelr report wllh the financial statements of Ihe charity for the year ended 5 April 2024. REFERENCE AND ADMINISTRATNE DETAILS The goveming instrument of the Charity b a heme of the Charity Commission dated 14 May 1969. Charlty regl8tratKJn numter. 225439 Trustees.. MT5 M F A C Shinner Rachel Copley Mrs Penny Ralph Mrs Angela Lter Clerk lo the charlty and pnncipal Offi.. Mrs M F A C Shinner Parker R)deS Hickmotts The Point Bradmarsh Business Park Bradmarsh Way Rolherham S60 18P Bankers., The Royal Bank of Scotland High Street ROTHERHAM S60 1PS Solicilor¥.' Parker Rhode8 Hlckmotts The Point Bradmarsh Business Park Bradmarsh Way Rotheiham S60 1BP Independent examiner.. Mart Garrlson Bcom FCA DChA 1fjngswoI Alloit8 Limlled Sidings Court L8keslde Ooncasler ON4 5NU
THE TURLEY TRUST TRUSTEES. REPORT OBJECTIVES ACTIVITIES The Charlws objective$ are Ihe provF8ion of Almshouse3 to Almswomen in the Rotherham area aThY of pensions and on8 off payments to designated class of recipients- that b&ng genuewomen of go characlerwho are in rade. needy or Indlgant clreum8lants. PUBLIC BENEFIT In setting plans and pricKities for 8reas of work, thè truBte&s of The Turby Tw81 have had regard to the guidan from the Charty CoMM810n tsn Ihe provlsitsn of wblbc benefft. It is unfortunate that the putle CE no bngor tTit from tha Almghwsès. However, the Iru8tees are considering how to Imement the provision In relth.on to providing payments and one off peionS and are in communication with the ChaTity Q)rnmi58ion wth regwd lo thi8. ACHIEVEMENT8, PERFORMANCE FINANCIAL REVIEW Th? almshou8es remain boarded up and are not available. The Irusleeg are in Communi1[0 with the Charity Commi88iCffj Wth regard to selling the properlies land have Idenllfied a potential buyer w)18 willlng to pay an attrgctiva pnee lor th8 proportie81. Th• Iw$l¢•8 will, luther to tho 6tAe, #valuatts whether they 8hould con8ider purch88ing new hryJ8eB immediately or al a lalgr dat•. Th8 truste are oftho VI Ihgt Ihts other 88pect8 01 the charity IprovdiTrJ pen6ionB and one off paymenlsl tshould be exF4ored and activated over the next couple of years in any 8v8nt. Pèn81Cf18 and wants hav• not b88n awardad sinca Iha Almswomèn lètt thé M$hoU8$. The year end financial posilicffj ol the ehaity 16 9bts'sf&ctory. As ¥èt out ¢xi pgge 8 of Ihg market valug of investmént8 06 815 ri1 2024 w88 £426.345.00 which is n¢)w £403,544.00 In •x¥S 91 Iheir original ry)¥l, There w8$ a n$1 iurplu$ ol r¢ceipts over payment on the inLY)rne fu for the ypar of £13,845.00. Th• ChaTIty'$ 18 to maintain a 8urficienl le1 of rnserv88 In ord8T lo maintain the capw. STRUCTURE, GOVERNANCE AND MANAGEMENT The governing instrument of the Chanty 18 8 scheme of thè Ch&rity Commi8810n8r8 dAte(J 14 May 1969. The Charity is con¥liluled by Deed of Tru81. Approved on behalf of the Irustee8 on 0410212025 by.. Ra¢h81 Copley Margaret Fiona Anne Clarke Shinner
INDEPENDENT EXAMINER'S REPORT TH TU LE UST I rewt to the charitythJAfi& on my •xamlnatson gf tho oc¢ountB of the charity for tho y08r 5 April 2024 %thi¢h ar• 88t out on pag88 4 to 8. Responslbllltl•s and ba515 of repDrt As the charrtls tru8t88& you ai8 r8spon8iblo lor the pYepgr8lion of the accounts in acCd4n¢• wh th• réquirements of tho Ch•nts"88 A¢t 20111th• AQVI. I rowt in r88P8Ct of my •x•mSnAtittn of tho charivs accrxjnts carrd (yjl und¥r $6ction 145 of th8 Act and in rArrwng out my oxamination I hav8 followed all tha applKat40 Dire£aions given by the Charity Commi8sK)n under sedion 14515llbl of th• ACL Ind•p•ndent •xarnln•rfs sl•t•m•nt I ha cornpleted my oxarninillDn. l ¢onflm) that no matariAI mattarB hovo to my •tt•ntion in ccmeGlk)n with the oxamlnstion giving mg to b•llpv• that In any m4t¥rial ro¥Act'. •¢%4untlno r•¢ordo r• ktyt in r•1cl of tha ehgrity as required by 8aCtKn 130 of th• Ac¢ or 2. th• a¢ut8 do not $¢tyJrd with th¢s• r•cord8 I h4v• no ¢on¢wM and haw wm• •¢w•$ no oth•r m•tt8rn in connettrcfi wth the •yArnknotion to %*hich 4tt•ntl¢n shoul bo drawn th thiB in ordgr to •nsbl• q prop•r und•r•l#ndiro of the actnts to b• ro4¢h•d. Mark Gath80n Bcom FCA Dcf Kingswcnd Allott8 Limited Chartered Accountants Reg181ered Aud11$ 0410212025
THE TURLEY TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 UNRESTRICTED FUNDS Mole 2024 2023 RECEIPTS Investment income Inve8lmenl sale proceeds Rates reltsnds TOTAL RECEIPTS 11.901 25.000 12,340 49,241 12,618 25,0(X) 37,618 PAYMENTS Gas and eledrfcrty Rates arKI water charges Repalrs Solicilor8' admlnislrallon fee8 Accountancy and independent examinalSon Security Profes81onal fe08 TOTAL PAYMENTS 114 25.398 165 3.600 1,794 3,445 1.080 35.596 22.743 955 4,584 1,758 972 31.321 NET RECEIPTS FOR THE YEAR 13,845 6,297 BANK BALANCES AT 6 APRIL 2023 9,608 3.311 BANK BALANCES AT 5 APRIL 2024 23.253 9.608
STATEMENT OF ASss AND LIABILITIES AT 5 APRIL 202 UNRESTRICTED FUNDS 2024 2023 MONETARY ASSEts Bank Balanc Bank current account Ac¢ount at Sotiators 23,253 9,192 418 Total bank balances al 5 Aprtl 2022 23.253 9,608 INvesThiENTS - at market valu• 428 345 421,877 D•btor• Gas OTHER ASSErs Tanglble Flx•d As1 - Freehold Lnd & Bulldlnus Medhomgs Ridgè Road, Rothèrham - gt cost Costs of improvements lo proFty Ground ronts 38,978 57,431 38,978 57,431 96,410 LIABILITIES ACUntanCY and IndoF4nd•nt èxaminatc 1,885 1.865 TOTAL ASSETS 544.124 526,030 Theso finondal statements re akyroved by the Trustees on 0410212025 arKI $19nad on their behalf by.. Rachd Copley Mwgarel Fiona AnrE Clarkè Shinn8r
THE TURLEY TRUST NOTES TO THE ACCOUNTS FOR TrIE YEAR ENDED 5 APRIL 2024 1 - INCOME RECEIVED 2024 2023 UK UNIT TRUSTS CharItS Official Income Units 11.9)1 12,618 11,911 12.618 2 - INVESTMENTS MARKET VALUE AT 05104r24 COST 2024 COST 2023 UK UNIT TRUSTS Charities Offic181 Income Unlts121.190.24 units} Charities Official Accum Units19.25 unltsl 424,017 2,329 426,346 22,550 252 22.802 23,955 252 24.207 3 - TRANSACTIONS WITH TRUSTEES Mrs M F A C Shinner is a Trustee of The Turley Trust and a partner In Parker Rhodes Hif*motts. business which prowdes serwces lo the charlty. During the year, the Trust paid Parker Rhodes Hkm0$ £3,60012023 - £4.5841 in¢ludino VAT, In rel8lalion lo accrued fee8.