THE CHARITABLE INCORPORATED ORGANISATION OF JAMES SOUTH AND WILLIAM BURBERRY
Chairman of Trustees: Dr Alec MacAndrew
ANNUAL REPORT/RETURN AND ACCOUNTS 2022
- This report incorporates the charities’ annual return and set of accounts covering the year from 1 January 2022 to 31 December 2022.
2. The Charity
The Charitable Incorporated Organisation (CIO) of James South and William Burberry No. 1194471 came into existence on 14 May 2021, following approval by the Charity Commission. The Charity was previously the Almshouse Charities of James South and William Burberry – No 810227 (also known as the Buckden Parochial Charities) which operated as one charity from 11 October 2008 until 13 May 2021. The Almshouse Charities of James South and William Burberry has now been wound up.
The application of income from the CIO will be for the benefit of the beneficiaries of the Almshouses (including the Burberry Homes) collectively or individually.
3. 2022 Annual Accounts and Notes
These have been accepted by the Trustees at their meeting on 30 March 2023 after having been subject to an independent examination and are attached to this report. Those wishing to study them in detail may obtain copies from the Clerk to the Trustees. They are also available on the Charity Commission website.
Income: Total income for the year 2022 was £106,105. This includes income from the rental of the former Warden’s residence which has been rented using the services of a property agency.
Expenditure: The bulk of the spend was on Utilities, Repairs and Maintenance and the Warden. £15,741 was spent on maintenance and £38,900 on Administration and Utilities and the Warden. The Trustees authorised the purchase of an additional £50,000 of shares to be invested in the CCLA fund in December 2022.
Maintenance Fund
The balance at the end of the year was £37,882.
Extraordinary Repair Fund
The balance at the end of the year was £186,358.
Fixed and Current Assets (Shares)
Investments are managed by CCLA and M&G Securities on behalf of the Charity. On 31 December 2022 the value of the two holdings was £842,050. There was £45,037 in the bank account.
4. The Almshouse Association
The Charitable Incorporated Organisation (CIO) of James South and William Burberry is a member of the Almshouse Association (membership no 710).
5. Trustees
Co-opted Trustees (appointed for a 5-year term) Mr John Molyneux Mr John Thelwall Vice Chairman Mr Richard Noble Mrs Pam Siddall Mrs Angela Bruce Mrs Margaret Murray-Smith
Nominative Trustees (appointed by Parish Council for a 5-year term)
Mrs Betty Millard Dr Alec MacAndrew Chairman
6. Meetings
A total of four Ordinary meetings and one Additional meeting of the Trustees were held during the year.
7. Officers of the Charity
Clerk to the Trustees: Mr Joe Greenway 2, St.Hughs Road, Buckden, St. Neots. Cambs. PE19 5UB, Tel. 01480 810603/07745889759.
Treasurer: Mr Alistair Henderson. Contact details available from the Clerk.
8. Location
1 to 8 The South’s Almshouses and 24 to 36 Church Street (Burberry Homes) situated in Church Street, Buckden, on either side of the Methodist Church. There are 15 one-bedroomed flats in total used as almshouses. In addition, the Charity is responsible for the former Warden’s home, 38 Church Street, and owns land let as allotments on the western side of the A1, south of Buckden roundabout.
9. The Warden
The Warden is Mrs Barbara Herlihy who lives within a 10-minute drive of the Almshouses. It is the Trustees wish that her contribution to the Charities and to the welfare of the beneficiaries is acknowledged.
10. Activities during the year
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a. The new Charitable Incorporated Organisation (CIO) of James South and William Burberry became fully operational during the early part of 2022 following the successful transfer of all the assets of the Almshouse Charities of James South and William Burberry. The latter was successfully wound up towards the end of 2022.
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b. Trustees continued to make slow, but purposeful progress on the strategic review of the charity’s estate.
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c. Another successful Open Forum for beneficiaries was held in the Methodist Hall, on a warm afternoon in July. Beneficiaries and Trustees find this to be a worthwhile event.
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d. The Trustees successfully completed the registration of title to all its properties and land that the charity owns.
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e. Trustees agreed to the trialling of a replacement personal alarm/Lifelife system for the beneficiaries as the system in place is becoming increasingly problematic.
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f. Like many organisations the CIO has had to manage a significant increase in the costs of providing gas and electricity to its properties. The charity Treasurer undertook a substantial amount of work in researching the market and then securing competitive deals for utility provision for the next 12 months for which the Trustee were very grateful. Regrettably, the Trustees have had to increase the WMC by more than they would wish in order to ensure the financial stability of the charity.
11. Weekly Maintenance Contributions
At the October 2022 meeting the Trustees decided to increase the WMC for 2023 such that it continues to be at 70% of the median private rental for similar properties in the area. However, following the significant increase in utility costs Trustees had to review their October 2022 decision. At the additional Trust Board held in November 2023, Trustees resolved to increase the WMC by a greater percentage to take account of these increased costs.
12. Vacancies
The Trustees regret to report that one of its beneficiaries passed away in 2022 and they offer their condolences to friends and relatives. Another beneficiary found being on their own a struggle and successfully moved into long term care. The two vacancies that resulted were successfully filled during the summer of 2022 and consequently there were no vacancies at either the South’s or the Burberry’s at the end of the year.
13. Medical, paramedical, social services and volunteer support
We must record the gratitude of the beneficiaries and of ourselves for the unstinting support received from so many sources; carers, ambulance staff, physiotherapists, chiropodists, hairdressers, and Buckden Surgery in particular.
Joe Greenway, Clerk to the Trustees for the Trustees of the Almshouse Charities of James South & William Burberry
Charity Number: 1194471
March 2023
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Ji• 41 1&421 &A•tr>w•xii 31.12.22 i&iJ• Tr•M*r k) ERF 7,ias
•r. 15.741 J7 1971 *X+ig) 114.B97 i)7 14e? 21,SZJ 14wtsolSlwH Y•1 IIYSS •15 ) VALUE OF ERF FUND JI.112•22
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Th• CIO of Jam•• Swth MKI Wllll•m Buthrry Nots• l •nd 2 to lh• A¢eounl• 2022 1,71X) ckn 1.436 2,489 t,310 972 Chrtstma8 Gffls B•MnfK¥m 475 425 2.025 611 I,iXI? SuThlry C(1• V4NC refv 123 Totsl 70 7.916 Totsl . Al 31 D•c¥mbw 2021 Athlith)n• N•t V•iuatth Lc•• AJ 31 D•t# 2022 -70.OJ3 U2.OYJ CCLA 561.932 2.118 142.010
A/0 15 Y¢k¥s •mt •E?? S
Ji• 41 1&421 &A•tr>w•xii 31.12.22 i&iJ• Tr•M*r k) ERF 7,ias
•r. 15.741 J7 1971 *X+ig) 114.B97 i)7 14e? 21,SZJ 14wtsolSlwH Y•1 IIYSS •15 ) VALUE OF ERF FUND JI.112•22
B•L•YK• She•t •t 31¥1 D•¢•mb•r 2022 40.3S7 1114,3 roi.916 EIIF 4S.037 t •oa•y• 02) CAMYAL RESERVE 40J07 1,)0• ERF 467.5 149 1&475 17.119 37,11M 14 134 41221 Pty Fw 04•
Th• CIO of Jam•• Swth MKI Wllll•m Buthrry Nots• l •nd 2 to lh• A¢eounl• 2022 1,71X) ckn 1.436 2,489 t,310 972 Chrtstma8 Gffls B•MnfK¥m 475 425 2.025 611 I,iXI? SuThlry C(1• V4NC refv 123 Totsl 70 7.916 Totsl . Al 31 D•c¥mbw 2021 Athlith)n• N•t V•iuatth Lc•• AJ 31 D•t# 2022 -70.OJ3 U2.OYJ CCLA 561.932 2.118 142.010