Burgh House CIO, Registered Charity No1159634
TRUSTEES, REPORT & ACCOUNTS
For the Year to 31 March 2024
Burgh House, New End Square, Hampstead, London NW3 ILT

Burgh House CIO, Registered Charity No1159634
Burgh House CIO Trustees, Report
The Burgh House Charitable Incorporated Organisation was constituted in 2014 and is
registered with the Charity Commissioners under charity number 1159634. It was formed to
take on all the activities, obligations, assets and liabilities of Burgh House Trust {registered
charity 2755521 from l April 2015 and became the sole Trustee of the Burgh House Trust.
The financial statements have been prepared in accordance with the accounting policies Set
out in the notes to the accounts and comply with the charity's governing document, the
Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard for Smaller Entities published on 16 July 2014.
Principal Purposes and Actlvities
The principal purposes of the Burgh House CIO are to preserve Burgh House and its
contents, to protect and improve its amenities for the public benefit, to facilitate access to
the House by the general public and to encourage its use and occupation for charitable
purposes.
The main activities of the House are exhibitions, talks, recitals, workshops and community
projects. The House has no charge for entrance and aims to deliver a cultural programme
that is accessible to everyone, growing and diversifying our audiences to reflect the
community we serve. These are made possible through the charity's commercial activity as
a weddings/ private events space, café and meeting space.
Review of Actlvities in the year to 31 March 2024
Financial Performance
The year to 31 March 2024 was one of significant change for Burgh House. Several key
employees left the organisation during the year, including the Director and the Deputy
Director, and our new Director, Angela Doane, took over in March 2024 with a mission to
review all of our operations and staffing structures.
For a second successive accounting year we incurred a significant financial deficit. Some of
this deficit was due to our remaining spending commitments related to the original grant
from the Marie-Louise von Motesiczky Charitable Trust two years earlier, but some of the
loss related to higher than budgeted costs associated with our internal events programme.
The board of trustees reviews the financial position on a quarterly basis, and we have
always been confident that we have been trading safely, given our strong reserves position.
Nevertheless, given two years of significant losses, early in 2024 the Board committed to
two courses of action:
l. We performed a strategic review of our revenue potential and committed costs
between April and June 2024, to ensure that we are able to trade sustainably going
forward.

Burgh House CIO, Registered Charity No1159634
2. In March 2024 we liquidated our investments with COIF in order to generate £220k
of cash to shore up our cash reserves (to approximately £300k) thereby giving us
even more confidence in our ability to trade safely and responsibly going forward.
3. The second action above prompted several discussions at board level about our
various reserve accounts, which the funds were intended to represent. Following
these discussions and further investigation, we confirmed that no funds or reserves
(other than that related to the Marie-Loui5e von Mote5iczky Charitable Trust's grant)
are restricted, and therefore we concluded that the accounts would be simpler,
more transparent, and more useful to the reader if we consolidated all reserves into
the general reserve. See notes 6, 8 and 9 below,
Our trading duringthe first 6 months of the year ended 31 March 2025 have been
satisfactory. Cash levels have increased, cost levels have reduced, and we have been
trading at a small surplus.
Commercial Activity during the year
During this year, we hosted 56 weddings, 25 private parties, 17 celebrations of life and 42
externally hired concerts. The House is also growing in popularity as a venue for filming,
including media interviews.
Cultural Programme during the year
Burgh House offered a vibrant cultural programme throughout the year {including but not
limited to externally hired events). An exciting public programme included musical
performances, talks and book readings, wine-tasting5, creative workshops, and some Burgh
House Lates.
Highlights of Burgh House's exhibitions programme for the year include:
Lancelot Ribeiro.. Finding Joy in a Landscape (May- December 2023)
This exhibition was a journey through the changing landscapes of Hampstead-based
expressionist poet and painter Lancelot Ribeiro, from his roots in pre-lndependence 19305
India to life in mid-20th century Britain. Ribeiro experimented with form and materials,
moving from conventional depictions of the Lake District to otherworldly townscapes and
sharp, bright abstracts inspired by geology. This exhibition continues the long relationship
between Burgh House and the artist. Lancelot Ribeiro first exhibited at Burgh House in 1980
with the Indian Artists UK, and Finding Joy in a Landscape wa5 another successful
collaboration with Marsha Ribeiro, the artist's daughter, who first worked with Burgh House
on the Retracing Ribeiro exhibition in 2016.
Tell Me A Story
Inspired by Ribeiro's poetry as well as his paintings Burgh House launched Tell MeA Story a
combination of exhibition and competition in which an eclectic selection of object5 and
artworks from the Burgh House collection were displayed without any of the usual
accompanying information. Visitors were encouraged to let their imaginations be inspired
by the artworks and to submit creative responses to a competition. The competitions were a
great Success, receiving more than 60 entries from both adults and children. Entries came

Burgh House CIO, Registered Charity No1159634
from across the LIK, Europe and America, as well a5 those local to Burgh House, and In a
range of languages. The project was also featured in an internatlonal project on Museum
StorytellSn8 run by French academics.
Artlst in Focus
Throughout 2023-4 Burgh House held 7 exhibitlons as part of the Artlst In Focus programme,
funded by Osborne's Law. The exhlbltlons took plate In the Peg8y Jay Gallery, Bur8h House's
hireable exhlbltion space, and enabled artlsts who face economlc and tultufal barriers to
exhlblt wlthout the normal cost of hire, More than 20 artists exhibited across the
exhlbltlons. Many made sales of their work, including to International collectors, and the
Private Views saw hundred5 of attendèès, many of whom were r¢ew visltors to Burgh House,
Trustees
The London Borough of Camden nomlnate three persons to be appointed a5 elther a
Trustee or as a member of the Finance and General Purposes Committee, with at least one
of these being a Trustee. Trustees are selected to bring a wlde ran8e of the skills, knowledge
and experlen¢e needed for effective administration of the CIO, and are appointed by a
resolutlon passed at a properly convened meeting of the Trustees,
Trustees durlng the year were:
J Barker
A 8vrrage
N M Carrington {Chair of the Trustees)
LChun8
D Curtln
P Gamer
C Gascoigne
A Logue-Bose
P A Mcmahon
J Sonabend
H Stewart
W Sudbury
Bankers
Barclays Bank UK PLC, 28 Hampstead Hlgh Street, London NW3 IQB.
Lloyds Bank pl¢, 140 Camden High Street, London NWI ONG.
Sir Nigel Carringt
(Chair of the Tru
tees)
11 December 2024

Burgh House CIO, Registered Charity No1159634
Independent Examiner's Report to the Trustees of Burgh House
I report on the accounts of the CIO for the year ended 31 March 2024 which are set out on
pages 5-10.
Respective responsibilities of Trustees and ex(7miner
As the charity's Trustees you are responsible for the preparation of the accounts. you
consider that an audit is not required forthis year under section 144 of the Charities Act
2011 (the Act), and that an independent examination is needed. It is my responsibility to
state, on the basis of procedures specified in the General Directions given by the Charity
Commissioners {under section 145{5)Ib) of the Act) 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 Commissioners. An examination includes a review of the accounting records kept by
the charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts 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 I do not
express an audit opinion on the view given by the accounts.
Independent examiner's statement
During my examination, no matter has come to my attention which suggests that your
accounting records have not been properly kept (in accordance with section 130 of the
Charities Act) or that these accounts do not accord with them and comply with the Act. Nor,
in my opinion, is there any matter in them to which special attention should be drawn.
Constantinos loannou
Chartered Accountant
loannou & Co
Chartered Accountants
767-769 High Road
London N12 8JY
11 December 2024

Burgh House CIO, Registered Charity No1159634
Statement of Financial Activity for the year ended 31 March 2024
2024
2023
Provision for
House
Total
unrestricted
fund5
Total
unrestricted
f unds
Operating
Activities
Maintenance
(Note 61
Income
CIO Actitivies
Fund Raising Activities
Investment
Restricted income
Total Income
Note 2
Note 3
365,936
32,870
7,427
365,936
32,870
7,427
312,338
24,401
6,021
406,233
406,233
342,760
Expenditure
Raising Funds
Charitable Activities
House maintenance
Restricted expenditure
Total Expenditure
Note 3
Note 4
Note 6
Note 10
110,4831
1531,3711
110,4831
1531,3711
110,9661
1428,1671
133,6021
135,2381
1507,9731
132.5001
1574,3541
132,5001
1574,3541
Net incomellexpenditurel
168 120
168 120
165 213
Net Increase/ldecreasel in value of
Fund increase
Net movement in f unds
Total fund5 brought forward
Total funds carried forward
19,142
1148,9781
284 539
£135 560
17,1151
1172,3281
456 867
£284 539

Bur8h House CIO, Registered charity No1159634
BalantÈ Sheet at 31 March 2024
2024
2023
Assets
COIF Shares
COIF Deposlt
Office equipment & flttings
Bank balancès & cash
Debtors & prepayments
8ookstall stock
210,164
59,572
1,253
120,989
17,583
2,729
412.290
1,262
I,sio
308,377
24,442
6,228
341,819
Llabllities
Current liBbilitie5
Deposlt control
Taxe5 & Penslons
Income recelved in advance
(44,616)
161,050)
17,283)
(93,309)
(206,2581
(12,923)
138,300)
110,418)
166,110
(127,751)
£135 560
£284 539
U nrestrietÈd funds
Provlslon for House Malntenance
Wade Museum Fund
General Fund
Note 6
Note 8
Note 9
149,748
37,896
50,742
121,907
£121907
£238 386
Restricted funds
MLVM
13,653
46.153
£135,560
£284,539
Sir
igel Carrin
on(
Paul Mcmahon (Trusteenreasurer)
11 December 2024

Burgh House CIO, Registered Charity No1159634
Notes to the Accounts for the year ended 31 March 2024
l. Accounting Policies
These Financial statements have been prepared in compliance with FRS102 and follow the
Charities SORP (FRS102).
Income is included in the Statement of Financial Activities as it is earned. Amounts which
relate to subsequent accounting periods are shown in the Balance Sheet as Income received
in advance.
Expenditure on Furniture, Fixtures and Fittings and on Acquisitions for the Museum is
written off as incurred and no valuation is included in the General Fund Balance Sheet.
The assets of the CIO are mainly placed with The Charities Official Investment Fund (COIF),
as either Charity Deposits or Charity Units. These units were all sold during the financial
year.
Bookstall stocks are included in the Balance Sheet at the lower of cost or saleable value.
2. Income in furtherance of the CIO'S objectives
2024
2023
Donations and Legacies
Friends of Bu￿h House
LB Camden, business support
Other
3,759
3,526
38,298
30,022
42,057
272,697
51,182
365,936
33,549
235,040
43,749
312,338
Com mercial rent
Events
Total Income

Burgh House CIO, Registered Charity No1159634
3. Fundraising activities
2024
2023
Income from fund raising activities
Shop sales
Events internal
16,355
13,121
16,515
11,280
Total f rom operatlng activities
Donations and fundraising events for the building
ref urbishment Inote 61
Total from fund raising activities
Less expenditure on raising f unds
Cost of shop sales
Cost of events
32,870
24,401
32,870
24,401
15,6621
14,8211
16,1111
14,8551
Total cost of generating funds..
Net income from f und raising activitie5
110,483
22,388
110,9661
13,435
4. Expenditure
2024
2023
General Expenses:
Salaries and casual work
252,294
97.221
92.620
48,883
10,118
3,720
26,515
245,002
49,758
58,871
40,990
11,633
2,112
Other general administration expenses
Maintenance, cleaning & garden
Utllities and Council Tax
Insurance and security system
Independent examination fees
Museum expenses
Furniture. fixtures and fittings
531,371
428.167
531,371
428.167
General Expenses relating to the CIO as a whole on fund-raising, publicity and general administration
are not separately identified. Apart from the cost of the General Manager, whose salary is included
in Salaries and casual work, these functions are largely carried out on a voluntary basis by the
Trustees, members of the Committee of Management and of the Friends of Burgh House, No trustee
expenses have been incurred and none of the trustees have been paid any remuneration or received
any other benefits from an employment with their charity or a related entity.

Burgh House CIO, Registered Charity No1159634
5. Tenure of Burgh House
The freehold of Burgh House 15 owned by the London Borough of Camden. The CIO currently has a
25-year lease at a peppercorn rental.
6. Provision for House Maintenance
The Provision for House Maintenance was originally set up, based on a professional review to cover
the expected expenditure for known major irregular replacement or maintenance items, such as the
heating and hot water system, wiring and kitchen appliances and external redecoration. The annual
provision, allocated from income received, is set as necessary to reflect changes in the expected
costs of replacement and associated works. The amount so set aside has proved insufficient to cover
the rewiring of the house and associated refurbishment so dedicated donations and fundraising
events are being raised to cover the shortfall. The Board concluded that this provision was largely
cosmetic and unnecessarily complicated, so as you can see below, we have transferred the balance
into the general reserve.
Transactions this year have been:
2024
2023
Balance at start of year
Allocation of income received (note 91
less expenditure on renovation work (note 4}
149,748
183,350
Donations and fundraising events {note 31
Transfer to general f und reserve
less expenditre on refurbishment
Net increase/ldecreasel in the year
Balance at end of year
1149,7481
1149,7481
1149,7481
133.6021
133,6021
133,6021
149 748
7. Heritage Asset5
The Hampstead Museum aims to exhibit, interpret, collect, document and preserve for the public,
material evidence and associated information related to the development of Hampstead, past and
present. Since its foundation in 1979 as an integral part of
Burgh House Trust it has been given numerous prints, pictures, books, small artefacts and some
donations to be used extending the collection, which now contains over 3,500 objects. The Trustees
of Burgh House Trust did not put a value of this collection on its Balance Sheet and, as Trustees of
Burgh House CIO, have continued this practice as they believe that the cost of obtaining a valuation
would be onerous compared with the additional benefits derived by the Museum and users of the
accounts.
10

Burgh House CIO, Registered Charity No1159634
8. Wade Museum Fund
The main purpose of the Wade Museum Fund 15 to fund acquisitions for the Hampstead
Museum. Transactions on the account this year (including the transfer to the general
reserve) have been as follows".
2024
2023
Balance at start of yèar
Less acquisition of paintings
Transfer to General fund reserve
37,896
38,236
137,8961
Increase/ldecreasel in value of COIF shares
Net decrease in the year
Balance at end of year
13401
137,8961
13401
9. General Fund
The General Fund is maintained as a reserve to cover all other eventualities, especially any
annual operating deficits. Transactions on the account this year (including the transfers from
the Wade and Maintenance funds {notes 6 & 8 above)) have been:
2024
2023
Balance at start of year
Net incoming resources
Expenditure cha rged to Provision for
House Maintenance less Income a Ilocated (note 6)
1168,1201
50,742
153,890
1168,1201
1165,2131
33,602
1131,6111
Movement in restricted funds IMLVMI
Transfer from maintenance
Trdnsfer from Wade
Increase/(decreasel in value of COIF shares
Net increaselldecreasel in the year
Balance at end of year
32,500
149,748
37,896
19,142
35,238
{6,7751
71,166
121908
103,1481
11

Burgh House CIO, Registered Charity No1159634
10. MLVM remaining balance (restrlcted)
There remains a Small balance carried forward at 31 March 2024, and we have been
working directly with the Marie-Louise von Motesiczky Charitable Trust on future spending
plans.
2024
2023
Balance at start of year
Received in tne year
Expended during the year
Balance at end of year
46,153
81,391
{32,5001
13,653
{35,2381
46,153
11. Employees
2024
12
2023
14
Average number of employees in the year
There were no employees who earned more than £60,000 in the year
12