**THE CHARITABLE INCORPORATED ORGANISATION OF JAMES SOUTH AND WILLIAM BURBERRY** ## Chairman of Trustees: Dr Alec MacAndrew ## **ANNUAL REPORT/RETURN AND ACCOUNTS 2023** 1. This report incorporates the charities’ annual return and set of accounts covering the year from 1 January 2023 to 31 December 2023. ## 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. **2023 Annual Accounts and Notes** These have been accepted by the Trustees at their meeting on 7 March 2024 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 2023 was £117,409. 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. £21,331 was spent on maintenance and £82,549 on Administration and Utilities and the Warden. This is an increase of nearly £44,000 on 2022 due largely of the increases in gas and electricity costs. ## Maintenance Fund The balance at the end of the year was £30,551. ## Extraordinary Repair Fund The balance at the end of the year was £197,928. ## Fixed and Current Assets (Shares) Investments are managed by CCLA and M&G Securities on behalf of the Charity. On 31 December 2023 the value of the two holdings was £901,120, a gain of £59,070 on 31 December 2022 . There was £58,566 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 Angela Bruce Mrs Margaret Murray-Smith Nominative Trustees (appointed by Parish Council for a 5-year term) Mrs Betty Millard Dr Alec MacAndrew Chairman ## Resignations Mrs Pam Siddall (resigned September 2023) ## 6. **Meetings** A total of four Ordinary meetings and three Additional meetings 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** - a. Trustees continued to make slow, but purposeful progress on the strategic review of the charity’s estate, engaging a firm of architects to work up proposals for a new build. A PrePlanning Application has been submitted to the local Planning Authority. Feedback on this has been received and responded to and further correspondence on this matter is in progress. - b. 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. - c. Trustees are exploring the merits of installing a defibrillator on its premises for emergency use. ## 11. **Weekly Maintenance Contributions** At the October 2023 meeting the Trustees decided to increase the WMC for 2024 such that it is at 88% of the median private rental for similar properties in the area. However, the WMC includes the costs of utilities and if utility payments by the Charity are deducted from the WMC collected the ‘equivalent’ rent paid by beneficiaries is circa 60% of the median. ## 12. **Vacancies** The Trustees regret to report that two of its beneficiaries passed away in 2023 and they offer their condolences to friends and relatives. Another beneficiary had their benefit withdrawn following prolonged incidences of antisocial and disruptive behaviour. The charity had to pursue legal action to remove this former beneficiary from the charity premises and this individual has now come under the care of Cambridgeshire Social Services. The three vacancies that resulted were successfully filled during the winter of 2023 and consequently there will no vacancies at either the South’s or the Burberry’s by the Spring of 2024. ## 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 CIO of James South & William Burberry March 2024 **Charity Number: 1194471** Th• CIO ofJwnM 8￿th I￿111￿M Burb•ry 8urt>wry 2023 X*23 We¢kty Moinlenarth Contribution 983 39,312 34.735 Waylem. Rethjnds & C¢ThThin•l Ub"lrt*s 2.661 927 T4x•I 24 40.0gT 41.873 Ub"1thg. Gas. Water & Ekctrvty 15117 10.186 Warden'8 C4J8ts- ￿ Not• 1 V76 13,419 41031 40￿1• 14.383 SU￿1￿3 for year •ndir& 31.12.ZJ to Gen I&E ALxount bekni GENERAL INCO￿% AND EXPEllOtruRE ACCOUPIT for th• YEAR ENOED 31.112023 Accw1￿*ttsg at 31.12.22 7.IS6 -fa Surplus for 20rJ a5 abob DI￿eTh￿ Inctrfne 19.789 Intergst i)n Bank BalarthB Rental Inc4¥r 42,016 5T. f55 Transferto MaSnt•nartt Fwl Tral￿fert0 ERF Transferto ShareB- E W W¢yle AccJJrnulatsd Roser¥e at 31 12.fJ trans18rred to balarK* 8h¥•t .016 7,156 Pag• 1 Th• CIO vl J•rnM Soth •nd Wlllknm Burt>orry: Gh•rlty Numi¥r 1191471 Th• CIO alJ•m•• S¢xAh •nd WlllS•m BUrt￿ry Il•Int•mn￿ A￿OUnt and Extr*orfln•ry R•palr Fund { ERFI 2023 MAIP4TENANCE FUND Op•nlnq b•l•nc• ￿ 31.12.22 Ttsnsfer from Prepty Re¥gnu• Acccrtmrt 37m2 $1623 Buthrry Horr 51.882 53.623 EXPENOITURE DURING YEAR MartnarKo Wo 12.459 8.872 21,331 1&741 ¢lo•lrffj balanc• It 31.112023 30,551 37.B12 EXTRAOROINARY REPAIR FU14D ieR (T￿ fvr*J 18 a Cathl Re8ervg to bè u8•J atfv oflhe Tfwtsos NAACIF ActsJmulth* Sh8 IPw(*a*J 1971 to 2019) Mathet valuè of Sharos at 31.12.2tr22 188,358 184,897 Adjustr)wnt of Share value in year Math•t valua of 8haroB at 31.12.23 11,570 1,461 197.928 la6.358 Nurtwol Sh¥res hgkl 11765.915 ) VALUE OF ERF FUND 31.12.2023 197.928 18fj.35a Pay 2 Th• CIO of J•mM S¢xrfh and Wllll•rn Burlxrry . Charlty Nwnlxr 1194471 Th• CIO ofJ•mM 8wth and Wllll•m Buthrry B*l•ne• Sh••t at 31•t D•e•mb•T 2023 2￿22 Flx•d A•••ts PeThanent Endo4bTh•nt 43,766 40.35T Ful￿8 for Gen•rnl Purpose 659.425 614334 ERF 197.92 186,358 Ca8h In Bank 45,037 959,680 887.086 PROVISIONS Futurn Maintenance 30.551 3T.882 929,135 849,204 FINANCED BY '. CAPITAL R&8ERVE 43.786 197.928 533,286 15,739 57.678 17.870 34,873 40,35T 186.358 488.388 15,475 56.708 17.569 37,194 ERF E.W.WorSege Ben•faclion J.Cole Benof8clb)n The Dole Grant The Reeveman Grnnt Pro￿rty Fund GENERAL RESERVE 28,0lS 7, 155 929,135 849,204 Pag• 3 Dr Al•c MacAndrew Chairman ofthe Trust•¥s John Tha￿￿1 c8 Ch8iwman Ajistsir Hendernon Treasurer to tho Tru6tee8 Th• CIO ofJarnM South •nd Vll*m Burkny: Ch•rfty Nunth•r 11•4471 Th• CIO of Jamm South •nd Wllliam Burb•rry Management Account and Inve8tm8nt Nots• Nots• 1 and 2 to th• Accounts Not•1 MANAGEMENT AND ADMINISTRATIVE EXPENSES 2023 2022 The Almshouse A$¥wIakn￿ Membership In8urance of Buiklings Audit Fees Clerk Solicitor Fees Professional Feos Trustee Mtgs Christmas Gifts for 8onenfKiar Lifelines Sundry Costs WMC refvnd$ Gardener 477 1.799 420 1.636 6,979 1 S.395 211 325 595 1.7C(t 173 475 123 412 1.638 3.150 35.457 Totsl 7.343 WARDEN'S EXPENSES Salary 8.952 8,952 8,368 8,368 Total Nt)ts 2 INVESTMENT NOTES Investments are $hcw4n in the Accounts at their mathet value at the Bakqn¢¢ Sheet dats of 31st Decembgr 2023 and the income arising for tho ￿•r is shry4m in th8 General Income and Expenditure account on Page 1. Valu• of Inv￿lMonts Ll•tod Inveslm•nts At 31 December 2022 Net Valuation Gains At 31 December 2023 842,0S0 901.120 Pw4 Th• CIO ofJamM Soulh and Burtwry: Chartty Number 119471 ## **Independent Examiner's Report** ## **To the trustees of The CIO of James South and William Burberry** I report on the accounts of the Trust for the year ended 31 December 2023, which are set out on pages 1 to 4 together with notes 1 to 2. ## **Respective responsibilities of trustees and examiner.** The charity's trustees are responsible for the preparation of the accounts. The charity's 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. It is my responsibility to: - 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.** The accounts have been prepared on a receipts and payments basis. 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 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 no opinion is given as to whether the accounts 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 1. which gives me reasonable cause to believe that in any material respect the following requirements have not been met: - to keep accounting records in accordance with section 130 of the 2011 Act, and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and 2. which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Peter Barlow Thomas Quinn Chartered Accountants The Station House 15 Station Road St Ives Cambs PE27 5BH Date: 22 February 2024