2024-12-31-accounts

THE BURFORD RELIEF IN NEED CHARITY Report and Financial Statements Year Ended 31 Decomber 2024 Charity no: 1036378

REPORT OF THE TRusfEES C￿rity R¢￿ettd Nwnbern: 1036378 EX OFFICIO The Rewrend Tom Putt NOMINATIVE TRUSTEES ff¢)vrn Council) MTS J TuDaell.We8lmawtt Mr D Coh¢n Mr N Stre¢t Mr D P Griffin FCA (Cbtiinw)) S Ibris Mr C O Williau Mr D IAwion ffwurer ) Mrs K Gadd HONORARY SECRETARY MTS A Youn8x•n Whitghill Farni Oxon. OX18 4DT TSB BaDk plo. 13, Hi8h StreeL Witney. OX0￿ OX28 6PH B L Connoity ACA Gtos GL20

31 DECEMBER 2024 REPORT OF THE TRUSTEES ICONTINUED) The tnJees present their Annual Report and Receipts and Payments Accounts for the year ended 31 Lkc¢mber 2024 Clllrilable Status The Burford Relief in Need CTrwity is admiDiStered utKler a ttvst deed (Clwity Commission refere￿ 238,130 A12) dat¢d 20 Felyw J 992. Obj'eotiw and Aotiviti Tho main ¥tctiiryty of Ihe eI￿rity 18 in Burford with an area of bonefit within a Sev￿ ￿lIe rndius of the Tolsey in BurforyL The Burford Relief in Need ChaTity provides fllwicial assistance in case of And educational assistall¥Y to belp r¢¢ipients C￿￿ a b"vin8 aDd to promote th¢ r¢Jief of siokness and the preservation of bea]th amon8 pylo livin8 in th¢ area of knefiL incl￿1 Address The prinoipl addr¢s# is: Whitchill Farni Burford OX18 4DT Tel: [phone] Trust¢•s In a¢eordance with the soheme approved by the CTr￿1ty Commissioners. nomI￿ted tnistees appinted by the Burford Town Coun¢￿, serve for & temi of four years. Co)ted tnths are app)in*d for a tem) of five years by a resolution of the trust¢¢3 at a s￿11a1 me¢tiQ8 of the Tnlslees. When vacan¢ies arise. looal perx>ns are invited by the trustees to be¢onw Co￿pIed trustees. New tn￿ee5 are briefed befo￿ their appoinlm¢nt 18 confllme Tho trustees held four ordiDQry meetin85 during th¢ year,

31 2(￿2 REPORT OF THE TRUSTFES (C(MINUED) Tnvestnxnt poThtts Fun& The Ctwity develoFd specific guidelines for in1w￿ of the pm¢ee(b of s￿e of the Sbilton Road fts set out below: Inv&8lme l) Consideredkn be a IoD8 tcrni invcstment with time hoEizon of 7.10 ye4rs. 3) Main driver is in¢ome in the of 3.5% per aDnutD oll￿1￿1 bfise of 1.1 mio. 4) Div¢rfKd w￿0110 knth ID tetms of (mainly defen8iw stsIA¢ equili￿). witb less exp)SUT¢ to US. Liquidity rclevant SO DO alternative InNwt￿ts. 5) Simplicity of distrib￿lOn$ fot accountiD8 pwp)ses (pwled fiw¥Js). Too much empbasis on active kad ￿ higlw ¢o&s and complexity of tran￿¢tions. Avoid non*ustaillabk In￿st￿￿. 7) Cha￿3 SI￿Uld be no llM)r¢ than I Followin8 the closure by the Health AutE¥)rity of ￿ Burford Cotta8e HospitaL the assets of the Burfonl Health Care Fund wer¢ trnDsfert•t to the Burfor& Retief in Nee& Clwity. Coowty. the CPtaTity Commissioners on rs Jury 2(Ki5 approved the alteration of the SelKDK &ted 20th Fel¥￿ 1992 to include Ihc relief of gthiess and the Freservation of hcalth allK)n8 pcoplc residing ID the area of be￿fiL This has enabled the tnLSte<s to uwke 8rnDts to The charity does not employ any stsff. Tr cknity is admini￿ tty the trustees who do not ctrthrge for th¢ir Se￿l¢e&. The Burford Re]ief in NeeAI Cl￿rity c0th1nu￿ to give assislaT￿ to Telieve Iwdsbip and d2stres4 for ed￿￿tional purp)ses and for IKalth ¢are. Gyants for th¢ y¢or tofall¢d £10.370 of vwhiGh £4,600 was a payi[￿t towards tbe runnin8 Gosts of the new day ccntrc at WarwickHall aThl £35(X) knwanls resi&ts eAlwation wsts.

THE BURFORD RELIEF INNEED CHARITY REPORT OF THE TRUSTEES (cob￿lNUED) 31 DECEMBER 2024 Financial Review As at 31 De¢embor 2024. the market ￿]￿e of investinents of the Unre8trAcleA amounted to £205.866 whilst the nwket Value of the Endowmcnt Fund inveslments was £J23.646 in¢ffas¢d lry £13,761. The truslx8 a8reed Ibat bfised the increase in funds held in ¢urrent accou￿ that 3 fixed one year tern) dep)sits should be made with Buil<bn8 Societies and iwo of those were mKwed at maturity . Curntty thc three Ix)nd8 expirin8 in 2025 lota] appwx £212.500. The Charity's policy on reserve$ is to retain funds 80 as to support the opwation of the new Ixy Centre for the eldorly and n3Kt any ¢oTJtin8¢nci¢s that n)i8bt arise foT ￿1¥11￿8 peopl¢ in n¢¢4 for thc FYcscThation of bealth and lo a88i¥t the edu¢ation ¢)08ts of stud¢nt& Planq for Fubjrn P￿lOdI Hefvin8 prnvided grants of £200.000 over 2015 ftnd 2016 tow8rds the buildin8, fttting out and furnishings of a new day centre to replaoe the ta¢ility lost ￿en the Burford Cottage Hospilal was close4 the truslees oonlinue to &8SiSt in fiwdin8 80m¢ of the ¢osts ¢onmKDSUrnte with thc Rclief In Need Clwity objectives aDd a¢tivitie8. Thp day Contre is now oPernti￿ so the Relief in Cbarity 18 &SSiStin8 in supportin8 some of the running ¢osts out of its inoom¢. Tho trustees conlinlle to review their pmvision of Almsbouse ae¢omodation in the Bwford vicinity and a￿d with The Charities Conmii88ion that Roli¢f in need Futmts ¢an be expeuded on the acquisition of a fiwther propety up to a Jimit of £350.000. The Almsbouso truyteej completed the pwcha8c of a property in BurfoTd in Jujy 2024 and ha￿ expended fund5 on refiwbishm¢nL The protty bas t¢¢n added to the Alllthowe CharAty Portfolio and tho amount of £350.(MX) was transfernl to Ahnshouse accounts in time for COn￿l¢tIon at the end of June. In order to obtsiD some of these funds th¢ ReJJ'¢f iti Need 8oJd investments al d valu¢ of £244,994. this howev￿ ￿￿ted An t￿l$ed loss of £29237,

31 E)F£E￿ER 2024 REPORT OF THE TRUSTEES (cOTr￿1NuED) ststellkent of t￿￿tee￿, re3p)nsibilities Clwity Law requires the to prepare financial slalemcnts for each financial yeor which give a true and fair view ofthe state of affoiTS ofthe ¢[￿111¢8 and of the Su￿[￿8 or deficit ofthe cFthn"ties for that perlod. In prep￿8 . select suitable accounti08 plicies and then apply them consistently: . makn jud8ements and estiD)ates that are reasonable and prudenL . 8tato whethor Applicoblè ttctK)untin8 8tandord8 h&ve boon followo fman¢ial slatements. an4. ID operational existence. 1.he tr￿le#S axv Tesp)Dsiblo for keeping proper a¢¢oU￿1n8 reoords whioh di￿]09¢ with rea8onabl¢ ac¢wa¢y at any time the fu￿￿01￿[ position ofthe Charities hnd to enable them to ensure that the fuwnciafsthtell*nts cornpty with the Cl)ariti¢s Aat 2011 and the Cbarity (Aooounts fjnd Rep)rts) R¢Aulation8 2￿8. Th¢y are e41s0 r¢SpO￿￿1¢ for sAf¢8uardin8 the a8s¢ts of th¢ aharities and h¢no¢ for tsking reasonable step3 for the prevention md detsction of fraud and other irreAuIarities. Professional adviJer8 and relevaDt Orwi￿tionS Details of professionftl advisers and other televant or8anisatioDS are provided ai the front of these accounts. Th¢ Tru8t¢¢$ financial adviser is Pro8re$8ive Stratsgic Solutions LLP. The Granary. Steadin8s Busin¢&8 Cenlre, Church Road. Maisell￿re. Gloucestmhire, GL2 8EY who 18 autborised by the Finanaial Conduot Authority. Endepondent Exami Mr8 B L Connolty was fJrs(8pp)in¢ed as the charity's indepxndent exfjmi￿r in 2014. The tr￿¢¢¢8 intend to invi¢¢ Mrs B L Connolly lo undertth the Inde￿ndent exominationof th¢ In￿ for tho fiDaDcial yeor to 31 2025. Approved by the T on 13 Mar¢b 2025 and si8ned on their behalf by: Chaitman of the Trustee

Charlty Name The Burford Relief In Need Charfty No lil any) 1036378 (HARI (OMM15510N. Recei tsand ments accounts CC16a For the period from Period slart dale 01 JarF24 Pericd end date 31-Dec-24 To Unrestricted funds Endowment funds Restricted funds Total funds Last star to the I￿reSt to the nearest £ to the nearest £ to the nearest £ to the nearest £ Rents from larnd -tm-nt income Bank interesl t)onatiEJryS Other income Overage Shikon Road 2.000 22.703 2,000 16.094 3.161 22.703 6,099 1.336 1.336 Sub total (Gmss income for AR) Inves en 32.137 32,137 21.255 Sale of shares S81e of ShiAan Road Land 350.000 350,000 116.377 116,377 350.00 382.137 ents Edu¢ab"on graftts Grants for almspeople Health care grants Other grants Grant toYrdrd5 ¢Jay ¢entrÈ Legal fees ProFerty repairs Insurance GerEral expeTtsÈS Ac¢ounta￿Y fee5 Paid to Almshov5e lor Propety Purctrose Sub total 3,500 570 1.175 2.079 570 1.71KI 1.700 4600 7.000 165 35S 350.IJOO 360.658 350,000 360,658 15,174 Investments Brewn Dolphin PtsTlfolio Inv851merrt Sub to¢al 360.658 360.658 15,174 Net of receipts/(paJrynents) A5 Transfers between fund5 A6 Cash funds last year errfl Cash funds this year end 21.479 21.479 122,458 353.682 375,161 231.224 375,161 353,682 CCKX R7 accounts (SSI 1710Y2025

Unrestricted funds to nearest £ Restricted funds Endowment funds to nearest £ Categories Details to nearest £ B1 Cash funds TSB 23,148 43.962 Corf Deposit Fund 96.478 Dudley BS 1 Year Bond 8S,000 caM￿ld98 BS 1 Year Bond 87.573 Saffron BS 1 YeaT Btsnd 40.000 Total cash funds 3711S1 (agree baLaTKE5with [￿lp1S and payments ac¢ourrtl$ll OK Unfestricted funds OK Restricted funds to nearest £ OK Endowment funds to nearest £ Details to nearest £ Fuml to Thich a55et belo Endowment Details Agr￿U￿ra1 land Cost loption&l urrEnt valJe tional 83 Investment assets 13.363 Common i￿e$￿Trent funds EThJowment 46,299 123,646 Common investment funds Unrestricted fund 175.TTO 205.866 Embark llkve5trneTrts (Shilion Road pmcèeds) Erth*Th8nt 612.954 634,281 Btemn Dolphin Inve5trnents ETrJowment 134.930 161.155 Fund to which asset belon Current value tional Details ostloptionall I 11- 84 Assets retained for the charity's own use Fund to which Arnount due Wvhen due Details es BS Liabilities &gned by one or Iwo truslees on behalf of all the trustees Signature Print Name Date of oval D Lawton DPGriffin CCXX R8 accounts ISS)

Independent examinerfs report on the accounts Report to the trusteesl members of The Burfonl Relief in Need Charity On accounts for the ended 31 D￿ember 2024 Charity no 1036378 Respecllve responslbllllles of trustees and examiner The charityS tFUStees are resFonsbte (or the p￿pa￿tIon of Ihe accoLmts. The charity's trustees consider that an audit i% not required for thi8 year under section 144 of the Charrties Act 2011 (the Chariknes Act) and that an independent examinatK¢n is needed. 11 rs my reswn5itrfltty to." to follow the procedures laid dosvn in the gerTrl DiFect￿n5 tyven by the Chanty Commission I￿r￿r section 1495)(b) of the Charities Act, and lo stale whthr Part￿ular rnatte￿ have come to my attent¥Jn. Basis of Independenl examinefs slatement My examination was carried in aC¢OFElaFKe with general Directions given ty the Charity Commission. An examination in¢ludes a review of the accountiThJ records kept by the charty and a comFofi50n of the acuunts presented wilh those records. 11 also includes con5ideralion of any unusual items or disclosures in the a¢¢ounls. and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provKle all the evKlence thal would be required in an audit, and consequenlly no opinhjn is given as lo whether the ac￿￿rtS p￿nt a 'lrue and fairf view and the report is limited lo those matters set out in the statement below. Independenl exarninw￿ sLitement In conne¢bon wilh my eXamina￿n, no matter has come to my attenb.on 1. which gives me reasonable ￿uSe to ￿￿e¥e that in, any material reyct. the requirements." lo keep accounting records in accordance wrth section 130 of the Charitses Act.. and to prepare accounts vthich accord with the a¢countiTrJ records and ¢ompty with Ihe accounting quirEment5 of the Chafilies A( have not been metr. or accoiuts to be reached. Stgned: Date: arc Name: Mrs Bonnie Connol Relevan professional qualificationls) o 1K￿Y {if any):AC ACA c(¥Juntsnls The Old Smithy, Siockton's Courtyard, Overtjury. Gk*uGeSte￿hi[e. GL20 7NT