THE BURFORD ALMSHOUSE CHARITY Report and Flnanetsl Statements Year ended 31 December 2024 Cbarlty no: 1036380
THE BURFORD ALMSHOUSE CHARITY REPORT OF THE TRUSTEES 31 DECEMBER 2024 TRUSTEES EX OFFICIO The Reverand Tom Putt NOhttNATIVE TRUSTEES oll Counell) Mrs J Tumiell-westmacott Mr D. Cohen C(OPTED TRusfEES Mr N Street Mrs P Barraclough Mr D P Griffin FCA (Chairn)an ) Mr J Harrington Susan Doris Mr C G Williams Mr D Lawton Te&SUrer) Mts Karen Gadd HONORARY SECRETARY Mrs A Youngson Whitehill Fann Burford Oxofy OX18 4DT BANKERS TSB Bank plc. 4. Sheep streel Burford. OX0 OX18 4LN llEPENDENT EXAMINER B L Connolly ACA Arubus Charteroj A¢untants The Old Smithy. Stockton's Courtyard Overbury Gloucestershire GL20 7Tr
THE BURFORD ALMSHOUSE CHARITY REPORT OF THE TRUSTEES (CONTINUED) 31 DECEMBER 2024 The trustees present their Annu Report and a Receipts and Pa)ryDents Account for the year ended 31 December 2024 Charftsble Ststuj The Burford Almshouse Charity. is administered under a trt deed (Charity Commission ref¢Thr 238.130 A) dated 20 Febnwy 1992. PrlDelpal Activity The main activity of the charity is in Burford with an area of benefit within a seven mile radius of the Tolsey in Burford. The Burford Almshouse Charity has 19 almsh which are all(Kated to local resid¢nts with limited income. PrfDclpAI Addre The principal address is: Whitehill Farni Burford Oxon OX184DT Tel: 01993-822894 Trustees In accordance wtth the s¢heme approved by the Charity Commissioner& nominated trustees appointed by the Burford Town Council. serve for a tern] of four years. Cwpted trustees are appointed for a temi of five yew5 by a resolution of the trustees p&wd at a special meeting of the Tnislees. When vacancies arise. local persons are invited by the trustses become c(wted trustees. New trustees are briefed before their appoinlment is confirnied. M¢edD The tnthes held four ordinary meetings during the year. Jnve8tm¢nt powers The trust¢a5 have no special investment powers. Ac¢ordingly. investments are confined to narrower-range securilies and Common inv&stment sch¢mes. Cash swplus to immediate requiranents ts invested in the COIF Charities Deposit Fund.
THE BURFORD ALMSHOUSE CHARTrY REPORT OF THE TRusfELS (CONfINUED) 31 DECEMBER 2024 Consideration alld mitylion of riqks Physical damage to property or injury to sidents or members of the public which is ldressed by adequate public liability and fire insurance policies as well installing fire detection and alarn) Man1$s. Unforeseen property repai which are covered by atk)cation to the Extraordinary Repairs Fund (ERF) and the Cyclical Repairs Fund (CMF). Diminution in the value of investments which is addsSed by spreIlDg the risk via investment in common investment fund& Objeeliveg and summary of main aellvltfes The Burford Almshouse Charity continued to be adrni in cOrdanCe with the Charity Conllnission Scheme dated 20 Febnwy. 1991 as amend&t The trustees aim to provAde a¢comm(thtion to modern staftda f persons residing in the area of benefit who have limited rneans. Whel) vacancies aris< preference is given to suitable appli&ts over 55. The charity h&8 19 ahnshouses of which 10 are Gre Il Listed Buildings. The Charity does not employ any staff and the almshowes were thin1stu by the trustees who do not charge for their service The trustees have had * to the guidance issued by the Charity Commission on public benefiL Aehievements 2nd wforniaAee As at 31 December 2024 there were no vacant almshouses. In April 2017. an independent quinquennial review of all the AhnShO was conducted. This was to ensure that the integrity of the structure and fabric of the properti&s ronain fit for purpose. It has also Anfotmed the Trustees of any shortcomings and problems with the premiseslbuildings to be addssed in the ongoing maintenance program.The cost of this review was fimded from the Cyclical Maintenance Fun Additionally during 2021 a full electricd inspection w&8 carried out in all propoti&% including personal appliances and was funded out of CMF funds. In July 2024 the Charity pureh&%ed number 13 W1ndn Burford and after minor repairs let the propety to Burford resident& The funds for the purchase (£350.000) were provided by The Relief In Ne&J Charity. which transfer w&s agreal by the Charity Commision. A totat of £304.184 so far been spent on acquisitio including legal fe4 with a further £9.631 spent on repair& It is anlicipated at least a fiuthff £25.01)O will be spent in 2025 on r(x)f replacement and further repair& The remaining fimds will be held pending further updates in'2025. During 2024. the major items of expenditure were Intern Movations incIling double glazin& electrical Upgrad plumbing and ca)elIng totajling slightly in excess of £30.01)O. Costs for heating oil and insurance ¢ontinue to rise with ¢osts for the year of £4J91 and £4,777 tespectively. The charity have also instru¢ted contractors to replace an olt tank and boiler servicing two of our apartments. This work was delayed until spring 2025. The Charity made an overnll surplus for the year of £55,199 assisted by in¢teased investment revenuL We are expected to ¢t in exce&5 of £6.000
THE BURFORD ALMSHOUSE CHARITY REPORT OF THE TRUSTEES (coNfiNUED) 31 DECEMBER 2024 FiD2Dtlal Revlew After transftrs to the Cyclical Maintenance Fund (CMF) and Extraordinary Repairs Fund (ERF) the Unrestricted Fund of the Burford Almshouse Charity showed a surplus of £44.107 fLW the year to 31 December 2024. Monies were expended from the CMF in the amount of £24.164 mainly in respect of external refurbishment of the premises at Pricds prior to a new tenancy aRrtemenL As at 31 December 2024. the market value of invutments w&s £480.437 compared £449,806 as at 31 D¢rnber 2023. With £359.860 held in the ERF. suffiGient monies have been set aside for major repairs that may be required in the futur The Charity's policy on reserv is to continue to set aside sums for the ERF and CMF and to tElain the accumulated surplus on the unr&strI Fund to meet any unforeseen eXInditUre that might be needed in the future. The value of the Endowment Fund is only £96.836 Plans for Future Periods The trusiees will continue to refurbish and uFKlate the almshouses as and when necessary. ststement of trustees, r¢gponsibili¢ks Charity Law requires the trustees to prepare financial statements for each finan¢ial year which give a true and fair view of the state of affairs of the clwities and of the surplus or deficit of the Chariti for that period. In preparing those ststement& the Irustee5 are required to: . select suitsble ac£ounling lICIeS and then appty than consistently. . make judgements and estiinates that are rea5(able and prudenL . state whether applicable accounting stsndards Pmve been follow&L subjttl to any materiat departtues disclosed and explained in the financial statements, an(L' . Prepa th¢ financial statements on a going concern b&sis unless il is inappropriale to presum¢ that the charities will continue in operlOnal existence. The trustees are responsible for keeping proper accounting records which disc]e WAth re&8onable aracY at any time the financial position of the charities and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (AcrA>unts and Reports) Regulations 21)08. They are also responsibje for Safegu1ng the assets of the charities and hence for tsknng reasonthle steps for the prevention and detection of and other irregularities.
THE BURFORDALMSHOUSE CHARTTY REPORT OF THE TRuE8 (CONTINUED) 31 DECEMBER 2024 Profe&stonal afvisers And relevallt oryantsatk)ns Details of prof10al adviseffs and other ftlevant org80isations are provided at the front of the accounts. Independent Es2mill¢r Mrs B L Connolly w&8 appointed as the charity's independent examiner in 2014. The trustees intend to invite Mrs B L Connolly to undertake the independent examination of the trusts for the financial year to 31 D¢cemt 2025. roved the Trtiste on 12" Marek 2025 and s. on their Irh D Griffin chajrnkn of the Trustees
Charlty Namg Thè Burfon15 Almshouse charity Receipts and payments accounts CC16a Forthe period from Penod start date 01-Jan-24 To 31-D24 Unrestricled ERF Restricted fund fund CMF Restricted fund to the nearest £ tothe nearest£ to the nearest£ tothe nearest £ to the nearest£ to the n¢aresi£ Endowment nd Total fvnds Last year A1 Recei Weekty conintthon5 DonationGrants Heating Charges Council Tax I res1) In¥estrnÈnt Irume Wayleave5 Bank Interest TFR from RIN for Wlwerty wrchase 6B.67B 58.678 52.911 1.939 183 lo99 38 104 6.803 55 1776 104 Sub totsl(Gmss income forAR) set an Investment sa see table 415,597 1.939 1183 419.719 62.995 tota Total receipts 415,S97 1,939 83 419.719 62,995 A3Pa ents Property repairs Gatden maintenance Fire precaubons Healing oil Legal Expenses Soffv/arè Electricity landlord Coyncil tttx IresYeTrtsl Water rates Room nt Insurance Sub5criplions Secretanal serv Training IndependentÈX2minatson feES Printing and statorery Propetty Manage1 fees 39.862 524 2.272 4.391 39,862 524 2.272 4391 39,652 508 2.882 5.090 282 957 1.600 1.600 3,036 128 3.036 128 4777 202 3.108 3.668 79D 95 1.116 25T 1.727 60.132 202 954 173 954 173 2.416 60J36 Sub total 60.336 A4 Asset and inveslment FhOIrt Pro 13 Windrush ¥M.184 304.184 304.184 304.184 Sub total Total payments 364.520 364,520 60,132 Net of receipts/(paymentsJ A5 Trdnsfers belween funds A6 Cash funds last yearend Cash lunds thi5 year end 51.077 6,970 80.455 124.562 1,939 11,821 37.39S 51.155 2,183 4,851 42.596 39,928 55,199 2.863 157,583 160,446 215.645 CCXX R7 a¢(x)unts ISS) 1110Y2025
Unrestricted funds Restricted funds Endowment funds Categories Details to neare8t£ to nearest £ to neare8t £ B1 Cash funds TS8 54.155 COIF De511 Funds cd 1 (2) cd 213 41 59.789 91,084 NS&I 10,617 rotal cash funds 113.944 101,701 Unrestricted funds Restrl¢ted funds to n•are4t e Endowment fund3 to ne•rest £ DeLiils t(> nearest £ 82 Other monetary assets Fund to ¥thlch 488ei bejon EThJ(prn¢ Colt loptlgn¥ll Current valug lonal 76.91B Details NAACIF incom• stw B3 Investment assets 41,780 Charishare Common Inwtnwnt Flu 6.113 17.918 NAACIF unrts ERF 96.186 359.860 NAACIF income shares UFE Unrestncied Fund 20,000 23,741 480A37 Fund to thlch set belon Current valug Ilonal Detalls Freeld property 118 mShoU) Cost IcPtlonall 871,840 B4 Assets retained for the charity's own use Windnmh adthbon 2024 304.184 Fund to vthlch Ilwbll Amount due Ilortal When due lonal Details B5 Liabilities Signed by one or tsyo trustees ¢)n behaff of a51 the Iruslees Signature Print Name Date of roval D P Griffin D Lawton CCXX R8 accounts {SSI 11103r2025
Independent examinerfs report on the accounts Report to tho tru$teesl members of Tho Burford Alm$housa Charity On accounts for the yèar ended 31 Dèeembèr 2024 Charity no 1036380 Respective responsibililies of trnstees and examiner The charity's tnjstees are responsible for the preparalron of the accounls. The charily's Injslees consider that an audit is not required for this year under section 144 of Ihe Charilies Act 2011 (the ChaTlties Act) and that an independent examination is needed. 11 is my responsibility lo= examine the accounts under seclion 145 of the Charities Act. lo follow the procedures laid down iri the general Direciions given by the Charity Commission (under seclion 14515)Ibl ol the Charities Acl, and lo state whelher particular matteFS have come lo my attention. Basis of independent examinerfs ststèment My examination Wds carried oth in accordan wth general Directions given by the Charity Commission. An examination indudes a review of Ihe accounting COrdS kept by the charity and a comparison of the accounts presented th those records. 11 also indudes consideration of any unusual items or disclosures in the accounts, and seeking explanations from Ihe trustees conceming any such matters. The prOUleS undertaken do not provtile all the eviden that would be required in an audit, and consequently no opinion is given as to whelhei the accounts present a 'lrue and fairf view and the report is limited lo those malters sel out in Ihe stalement below. Indepondent gxaminorfs statement In connection wth my examination, no matter has come lo my attenb.on 1. ll gives me reasonable cause lo believe that in. any material respect. the requiremenls= lo keep ac¢ounliThJ records in ac£ordance wth section 130 of the Charitie5 Act; and lo prepare accounts which accord with Ihe accounlirrfJ records and comply with the accounting quirements of the Ch8ri1ies Act have not been met,. or 2. lo Ch, in my opinion. attention should be drawn in order lo enable a proper UndStandIng ol the accounts to be reache(l. Sign•d.' B Connoll Date: Name: Mrs 8onnie Connoll Relevan professional qualificationls) o body lif any1= ACA Add$. Arubus CharteTpd Accountants The Old Smtthy. Slo(lon's Courtyard. Cfvethury, Gloucestershi. GL20 7NT