## The Bush & Bennett Charity Babraham ## **Annual Report (Year End 2022/2023) The Bush & Bennett Charity** ## **Trustees** We are happy to say that the Trustee board remained unchanged this year comprising Hannah Axon; Brian Page (Treasurer); Sally Punshon (Chair), Marian Watson (Secretary) and Kathryn Waite with continuing support from many others – in particular: - Ed & Mary Hunt, who provide so much help and support to the individual Almshouse residents and help co-ordinate much of the day-to-day building maintenance. - Hilary Seaward, our former Treasurer who still provides financial and strategic advice and auditing of the Charity’s accounts. ## **Residents** The Trustees are delighted that all four Almshouses and The Old School House are still occupied by the same residents and were very glad to welcome as many as possible to the resumption of the New Year lunch at The George! ## **The Old School Room** The front part of the Old School Room has continued to be rented to Cambridge CYP Counselling. ## **Building Works and Maintenance** In addition to the normal maintenance & repairs (which this year included upgrading all the ventilation fans in the Almshouses) this year also saw the replacement of front doors for all the Almshouses and significant repairs to most of the Almshouse windows plus redecoration. ## **Finance** The cost of repairing and repainting the existing windows and replacing the Almshouses front doors, that are bespoke to a Grade 2 Listed building, meant that over the last year £20,334 had to be spent. This is a large chunk from our annual receipts of £31,147. Plumbing issues, dealing with the oil-fired boilers, domestic hot water and below ground foul water blockages, in older buildings need regular maintenance to keep them in full working order costing a further £1,471.82 over the year. . Charity registered in England 1113297 Considering the problems encountered over the year the end balance in the accounts is only £2,109 less than that submitted last year. The Trustees remain positive about the future. ## **School land** The Trustees have been working closely with representatives from Babraham Village School, DEMAT and The Village Hall Committee to discuss a proposed extension to the existing school hall, which could then act as a shared facility for the school and the village. The Trustees agree that this new facility will be a significant asset to the school. The next step is to discuss the proposal with The Bush & Bennett Charity’s solicitors (HCR Hewitsons) to ensure the proposals do fall within the objects of the Bush & Bennett Charity’s governing scheme _._ Sally Punshon On behalf of the Bush & Bennett Trustees Report to accompany Annual Accounts y/e 31[st] March 2023 Charity registered in England 1113297 |**Bush and Bennet Charity Statement of Financial Activities**
**for the year 01 April 2022 to 31 March 2023**|Current/
Maintenance
Account|Charitable
Purpose 1
Residents|Charitable
Purpose 2
Education|Cyclical +
routine
repair fund|Extraordinary
repair fund|**Total Funds**|**Total Funds**|Current/
Maintenance
Account|Charitable
Purpose 1
Residents|Charitable
Purpose 2
Education|Cyclical
repair fund|Extraordinary
repair fund|**Total Funds**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||**Year 2022 - 2023**|||||||**Year 2021 - 2022**|||||| ||£
£
£
£
£
15,938
-
-
-
-
6,596
-
-
-
-
6,139
-
-
-
-
900
-
-
-
-
316
-
-
-
-
-
-
-
-
-
1,258
-
-
-
-
-|||||||£
£
£
£
£
14,793
-
-
-
-
6,384
-
-
-
-
3,000
-
-
-
-
450
-
-
-
-
310
-
-
-
-
13
4,997
-
-
-
-
-|||||£
**14,793**
**6,384**
**3,000**
**450**
**310**
**13**
**4,997**
**-**| |**Money in[credits]**|||||||||||||| |Almshouse maintenance contribution:
OSH rent:
Commercial property:
Oil contribution:
COIF divis:
Tithes
transfer of CBS interest:
interest:|||||||||||||| |**Total receipts:**|31,147
-
-
-
-|||||**31,147**||29,947
-
-|||||**29,947**| ||1,700
2,501
-
-
-
278
-
-
-
-
1,609
-
-
-
-
153
-
-
-
-
3,544
-
-
-
-
-
-
504
-
-
-
-
21,030
-
250
-
-
-
-
-
578
-
-
-
-
-
-
-
-
-
-
-
-|||||||2,133
-
-
-
-
174
-
-
-
-
1,497
-
-
-
-
288
-
-
-
-
1,860
-
-
-
-
-
-
-
1,176
-
-
-
-
-
56
-
-
-
-
-
-
-
-
1,218
-
-
-
-|||||**2,133**
**174**
**1,497**
**288**
**1,860**
**1,176**
**-**
**56**
**-**
**1,218**| |**Money out[debits]**|||||||||||||| |Oil:
Water:
insurance:
Almshouse subscription:
Routine works & Misc:
Cyclical repairs:
Extraordinary maintenance:
Charitable purpose residents:
Charitable purpose education:
Professional Fees:
Business Rates:|||||||||||||| |**Total out-goings:**|7,284|2,751|578|504|21,030|**32,147**||7,170|56
-||1,176
-||**8,402**| ||||||||||||||| |**Net income/(expenditure) for theyear**|23,863
(2,751)
(578)
(504)
(21,030)|||||**(1,000)**||22,777|(56)
-
(1,176)
-||||**21,545**| |Provision for repairs:
share of surplus (60:40):
gain/(loss ) on Investments:
Funds from lastyear:|(10,000)
6,000
4,000
-
-
-
-
(1,109)
-
-
-
-
5,698
12,678
10,693
72,116
85,000|||||||(19,274)
11,710
7,564
(2,270)
1,362
908
-
-
2,954
-
-
-
-
1,511
11,372
9,785
61,582
77,436|||||**-**
**-**| ||||||||||||||**2,954**| ||||||||||||||**161,686**| |**Balances at 31 March 2023**|18,451
9,927
10,115
77,612
67,970|||||**184,076**||5,698
12,678
10,693
72,116
85,000|||||**186,185**| |Where those funds?
Investment Assets
Cash Funds
Things we are owed
Income in Advance/bill outstanding|77,612
48,903
18,451
9,927
10,115
19,067|||||**126,515**
**57,561**
**0**
**0**||72,116
55,507
5,698
12,678
10,693
29,493|||||**127,623**
**58,562**
**-**| |**Net assets**|**18,451**|**9,927**|**10,115**|**77,612**|**67,970**|**184,076**||5,698|12,678|10,693|72,116|85,000|**186,185**| |||||||0
-|||||||| Sally Punshon (Chair): Date: ## **BUSH AND BENNETT CHARITY** ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BUSH AND FOR THE YEAR ENDED 31 MARCH 2023 I report on the financial statements of the company for the year ended 31 March 2023 ## **Respective responsibilities of Trustees and Examiner** The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the Charity is not subject to audit under company law - examine the accounts under section 145 of the 2011 Act, - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and - to state whether particular matters have come to my attention ## **Basis of Independent Examiner’s Report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## **Independent Examiner's Statement** In connection with my examination, no matter has come to my attention which in any material respect the requirements: - to keep accounting records - to prepare accounts which accord with the accounting records and - have not been met. Hilary Seaward Dated 9 Sherlock Road 26-May-23 Cambridge CB3 0HR