HARITY REGISTRATIQN NUMBER: 234467
The Burkitt Homes
Unaudited Financial Statements
31 July 2021
STEPHENSON SMART
EAST ANGLIA
LIMITED
Chartered accountants
22-26 King Street
King's Lynn
Norfolk
PE30 1 HJ

The Burkitt Homes
Financial Statements
Year ended 31 July 2021
Page
Trustees, annual report
Independent examinerfs report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements
The following pages do not forni part of the financial statements
Detailed statement of financial activrties
16
Notes to the detailed statement of financial activities
17

The Burkitt Homes
Trustees, Annual Report
Year ended 31 July 2021
The trustees present their rewrt and the unaudiled financial statements of the charity for the year
ended 31 July 2021.
Reference and adrnini5trative details
Registered charity name
The Burkitt Homes
Charity reglstratlon numbèr
234467
Principal ¢)ffice
Blackfn'ars Chambers
King's Lynn
Norfolk
The trustges
Mr T W Landles
Mr J Morgan
Mrs L F Lemon
Mrs P Jenner
Mr P Ramsdale
Mr M Cooper
Indopondgnt examlner
Claire Melton FCCA TEP
22-26 King Street
King's Lynn
Norfolk
PE30 1HJ
Structure* govgrnance and management
Governing Document
The trust is constituted under a deed dated 15th Seplemt*r I￿9. It is registered as a charity with the
Charity Comrnission (charity number 2344671.
Management
The Iruslees meet together Wrth the secrelaryllreasurer at least on a quarterly basis al which time the
trustees agree the bToad strategy and areas of activity for the Trust, including consideration of projects
to be undertaken, investrnent performance. reserves and risk management policies elc.
The day lo day administration is dealt with by the chainnan wf(h the assistance of the
5ecrelaryllreasurer, and the cleik to Ihe trustees.

The Burkitt Homes
Trustees. Annual Report (conlln4
Year ended 31 July 2021
structure. governance and management I￿ntInu•￿)
Trustee Indudion and Training
The need for specialist skills are considered when considering r￿mInatIOnS for new trustees.
New trustees attend a meekn.ng wrth the existing trustees and are briefed wrth regard lo their legal
obligations under the charib.es acts. They are provided with a copy of the goveming trust deed and
given a brief history of the Trust. They are also provided with a copy minutes of the recent trustees
meetings, and copies of the last three years. annual reports and accounts
All trustees are encouraged lo attend appropriate external training events which will assist them in
fulfilling their role
The trustees give freely of their lime and no trustee remuneration was paid during the year. There
were no Iran5aCtions wrth related pa￿e5 dunng the year requiring disclosure In the accounts
RISK MANAGEMENT
The chanty trustees consider on a regular basis the major risks to which the charity is exposed and
review systems and procedures to manage them.
The Iruslees consider the investment in quoled securities to be of a long term nature. The value of the
trusts Investments have followed the general movement in the stock market As a Consequen￿ year
end value movements show increases in value. The Investments continue to give a reasonable return
in ￿spect ol the yields received. The st¢xk matket investrr*nts are collectivised investfflenls managed
by the CCLA
Ob5¢¢tivos and activities
The Trust is a registered charity whose principal object is to provide homes for pefsons with
connections to King's Lynn and who are of mature age. of good character and with limited means of
SUPPOrt.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on
public benefit when reviewing the trusts aims and objecbves and in planning future actNities.

The Burkitt Homes
Trustees, Annual Report (eoniinu•
Year ended 31 July 2021
A¢hlevements and perforniance
In the year to 31st July 2021. the Board of Trustees have been able to conts.nue with regular meetings,
aided by technology. in order lo continue with the ongoing administration and future planning of the
Burkitt Homes almshouses. The n*mbership of the Board rernained stable throughout the year. with a
retirement and new recruitnEnl last year, and all the Board Tmstees taking an active role in the Trust's
activities.
Occupancy of the almshouses has been good over the last year as shown in the Maintenance
Contribution receipts. Some apartments have become vacant where residents, circumstances have
changed. and these have been marketed and new ressdents found with only relatively short void
penods. This is In some significant part due lo the extensive home improvement and renovation
programme embarked upon by the Board of Trustees some years ago. which continues on. Now
approximately 600k of the apartments have been brought up to modem specification and provide
attoclive. comfortable homes for the residents. The last finarbcial year saw significantly less capital
expenditure on the improvements programme as any works need lo be co-ordinated with the
opportunity of when pathcular units become available. The Trustees afe pleased at having been able lo
offer existing long term residents attemabve unrts to enable improvements to be done. where this has
surted.
The next financial year will see the latest significant renovation and conversion project converting two
Small bedsil units into a single apartment together with associated rnodernisation. Planning permission
and Listed Building consents have been secured and a lender Pro￿S$ completed. In addition. the
Board of Trustees have been successful in securing a significant loan lo help towards these works. The
start of the project was delayed due to the effects of the pandemic
The Trustees are mindful of the significant increase in healing and general energy cost. and how the
100 plus year old Listed building, can be sympathetically upgrade in this respect. This has proved very
challenging.
The future plans of the Trust have been reviewed and the Board of Trustees are in the early stages of
seeking professional advice regarding options to chan9e the status of the Trust lo a modem CIO. Such
move would have the usual pros and wns. which will need to be weighed up once the advice is
considered. In the meantime, the Board of Trustees contsnue with the prudent management of the
Burkitt Homes lo provide comfortable. modem hornes wrthin the historic core of King's Lynn for the
res￿ents.

The Burkitt Homes
Trustees. Annual Report (Mnllnued)
Year ended 31 July 2021
Financial revièw
The trust Is not reliant upon the income from investments to lund rts roub.ne operational and charitable
activities. The maintenance and other charges made to residents broadly matches the regular running
and maintenance costs and charitable support gNen lo the trust's benefieiaries. However. the Iruslees
keep In mind the considerable costs that COLtld be incurred by the subslanlial capital maintenance
requ1remenls associated with buildings of the age of the homes. The tnjstees also keep in mind that
the purpose of its reserves IS to support its objectives in the long term.
Incoming reSoUr￿S increased by £5,71912020'. £4.1301 to £47,62612020". £41,907) mainly due to an
increase in income from tenants as the apartments were mainty fulty occupied for the year and there
was a small rent increase for some of the tenants.
The overall surplus for the period including the movement In the value of the investments amounted lo
£50,57912020 £6.460 deficrtl. The overall increase was made up of a surplus of incoming resources
compared with reSoUr￿S expended of £22.545, and an unrealised gain on the value of listed shares
etc of £28.034
The income from quoled investmènts amounted to 2.6%12020 3%) of the market valLse shown.
Plans for future periods
As noted above. the plans progress for continuing refurbishment andlor conversion. The extemal
maintenance prcgramrne continues.
The trustees. annual report was approved on 22￿) March 2022 and signed on behalf of the board of
trustees by"

The Burkitt Homes
Independent Examiner's Report to the Trustees of The Burkitt Homes
Year ended 31 July 2021
report to the trustees on my examination of the financial statements of The Burkitt Homes I'the
chanty'l for the year ended 31 Juty 2021.
Responsibilities and basis of r•port
As the Iruslees of the Chanty you are responsible for the preparation of the financial ststemenls in
accordance with the requirements of the Chanbes Act 20111'the Acfl.
I report In respect of my examination of the chanty's financial statements carned out under section 145
of the 2011 Act and in carrying out my exarnination I have followed all the applicable Direcb"ons given
by the Charity Commission under Section 14515}Ibl of the Act.
Independent examinerfs statemènt
I have completed my examination. I confimi that no material rnatters have come to my attentson in
connection with the examination giving me cause lo believe that in any material respect."
accounting records were not kept in respect of the ¢harity as required by section 130 of the
Act", or
the financial statements do not ac￿rd with those records,. or
the financial statements do not compty with the applicable requirernenls con￿MIng the form
and conlenl of accounts set out in the Chartties IAr£ounls and Reports) Regulations 2008
other than any requirement that the aeeounts give a 'true and fairf view which is not a matter
conshjered as part of an independent examination.
I have no concerns and have conE xross no other matters in connection wtth the examination to
which attenbon should be drawn in this rewrt in order to enable a proper understanding of the
accounts lo be reached.

The Burkitt Homes
Statement of Financial Activities
Year ended 31 July 2021
2021
Unreslricled
funds Total funds Total fiJnds
2020
tr4ot•
Income and endowments
Charitable aclNilies
Investment income
Other In￿Me
41,982
5.506
138
41.982
5.506
138
36,435
5.367
105
Total income
47,626
47.626
41,907
Expenditure
Expenditure on charitable activities
Total expenditure
125,081}
(25.081)
{25,081)
{25,0811
(51,410)
(51,410J
Net gains on investments
28.034
28.034
3,043
Not Incomellexpenditure) and nel movement in ￿ndS
50,579
50,579
(6.460)
Reconciliation of funds
Total funds brought forward
Total funds carTied forward
204.550
204,550
255,129
211.010
255,129
204.550
The stslement of financial athvities includes all gains and losses recognised in the year.
l income and expendrture denve from conlinuing activit￿s.
The notes on pagtt$ 8 to 14 fomi part of thes¢ financial statements.

The Burkitt Homes
Statement of Financial Position
31 July 2021
2021
2020
Note
Flxed assets
Investments
12
211,481
177,957
Current assets
Debtors
Cash at bank and in hand
13
2.612
42.874
2,631
25,839
45.486
28,470
Cfeditors: amounts falling du? within on• yèar
Net current assets
14
1.838
1,877
43,648
255,129
26,593
Total assets less current liabilities
204,550
Funds of Ihe charity
Unrestricted funds
255,129
204,550
Total charity funds
15
255,129
204,550
These financial statements were approved by the board of trLislees and aulhorised for issue on 22n¢
March 2022. and are signed on behaw of the board by".
Th• not•s on pays 8 to 14 forni part of thes• flnanclal stat•m•nts.

The Burkitt Homes
Notes to the Financial Statements
Year ended 31 July 2021
General infom)ation
The chanty is a public benefft entty and a registered charity in England and Wales and is
unincorporated. The address of the principal office is 28 Exlons Road. King's Lynn. PE30 5PG.
Statement of ¢ompliancè
These financial statements have been prepared in Complian￿ with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of
Recommended Practi¢e applicable lo charities preparing their accounts in accordance wrth the
Financial Reports'ng Stsndard applicable in the UK and Republic of Ireland IFRS 1021 Icharities
SORP IFRS 10211 and the Charities A¢t 2011.
Accounting policies
Basis of preparation
Incoming resources
Income from trading &b"vities is recognised when earned, as the related services are provided.
Investment income and other Income are recognised on a receivable basis.
Resources expendgd
Expenditure is recognised on an xcrual basis as a liability is incurred. Expenditure Includes any
VAT which cannot be lully recovered. and is reported as part of the expenditure to which it relalg5."
Costs of generating fvnds comprise the costs associated with the management of the trusts
share inveslrnents and properties together with the fespective Insuran￿ and maintenance costs
etc.
Charitable activities include expenditure assoaated with the objects of the trust.
Gov8mance eosts include those costs associated vAth meeting the consblutional and slatulory
requirements of the charty and include the accounts fees and costs linked to the strategic
management of the charity.
Going conc•rn
There are no material uncertainties about Ihe charity's abilty to continue.
Judgements and key sources of estimation uncertainty
The preparabon of the financial statements requires management to make iudgernents, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually ￿VieWed and are based on experience and other factors, Including expectations of
future events that afe believed lo be reasonable under the circumstances.

The Burkitt Homes
Notes to the Financial Statements l¢onthu•dl
Year ended 31 July 2021
Accounting policie5 (COnllnu•d)
Fund accounting
Unreslricled funds are available for use at the discret￿ of the trustees to further any of Ihe
charity's purposes.
Designated funds are unrestricted fijnds earnarked by the trustees for parh"culaf future project or
commitment.
Restricted funds are subjected to reStriCt￿n5 on their expendrture declarad by the donor or
through the terms of an appeal and fall Into one of sutKlasses'. restricted in¢ome fvnds or
endowment funds.
The charity has a single permanent endowment of the land and buildings known as The Burkitt
Homes. This endowment was bestowed on the charity by the founder William Burkitt when the
charity was formed on 15th September 1909. The trustees have no authority to dispose of the
land and buildings. they are lo te used solely for the purposes of the charity. No valuation was
placed on this endowment when il was originalty bestowed.
In¢omlng resources
A11 incoming resources are included in the statement of financial activities when enlillement has
passed lo the charity.. it is probable that the economic benefits associated with the transaction will
flow lo the charity and the amount can be relkabty measured. The following specffic policies a
applied lo particular categories of income..
income from donab.ons or grants is recognised when there is evidence of enlitlemenl to the
gift, receipt Is probable. and its amount can be measured reliably.
legacy inwme is recognised when r￿lpt 1$ probable, and entsllement is established.
income from donated giK)ds 15 measured al the fair value of the goods unless this is
impractical lo measure reliabty. in whsch case the value is derived frofn the cost lo the donor
or the estimated resale value Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No a￿￿)Unts are included for the
contribub.on of general volunteers
income from contracts for the suppty of serV￿S is recognised with the delivery of the
Contracted service This is classified as unrestn'cted funds unless there is a contractual
requirement lor It to be spent on a part￿￿lar purpose and retuffled if unspent. in which case
il may be regarded as restricleo.

The Burkitt Homes
Notes to the Financial Stslements f¢ontinwdJ
Year ended 31 July 2021
Accounting policies I￿￿1•￿￿ed)
Resour¢es expended
Expenditure is recognised on an accnjals basis as a liabilty is incurred Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of
financial aelivibes to which il relates..
expenditure on raising fvnds includes the costs of all fijndraising activrties. events,
non-charitsble trading activtb'es, and the sale of donated goods.
eX￿ndItUre on chafitable acb"vities includes all costs incurred by a thority in undertaking
activities that further its charitsble aims for the benefit of ils beneficiaries, including those
support costs and costs relating to the governan￿ of the charity apportioned lo charitable
actsvities.
other expendrture includes all expenditure that 15 neither related lo raising funds for the
charity nor part of rts expenditure on chantable activthes
All costs are allccaled lo expenditure categories reflecting the use of the resource Direct c()sts
attributable lo a single ath.vty are allocated direclly to that activity Shared costs are apportioned
be￿een the activities they contribute lo on a reasonable, jusb"fiable and consistent basis.
Investrnents
Unlisted equity investments are initialty recorded at cost. and subsequentty measured at fair
value. If fair value cannot be reliabty meaSU￿d. assets are measured al cost less impaimient.
Listed investments are measured at fair value with changes in fail value being recognised in
income or expenditure.
Financial instruments
A financial asset or a financial liabilty Is recc¥Jnised onty when the charity becomes a paty to the
conlraclual provisions of the Instrument.
Basic financial instruments are inrtialty re￿nised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequentty measured al the cash or other
consideration expected to be paid or received and not dis¢ounted
Debt instruments are subsequently measured at amortised cost.
ere investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised In income and expenditure. All other sueh investments are subsequently measured al
cost less impairment.
Other financial inslTumenls, including derivatives. are initialty fecognised al fair value, unless
payment for an asset is deferred beyond nomial business lems or financed al a rate of interest
that is not a market rate. in which case the asset is measured at the present value of the fvture
payments discounted at a mafket late of interest for a similar debt Instrument.
10

The Burkitt Homes
Notes to the Financial Statements Iron11n￿￿}
Year ended 31 July 2021
Accounting policies (Gonlinu8d)
Financial instrumonts f¢oniinuedJ
Other financial Instruments are subsequently measured al fair value, with any changes
recognised In the statement of financial a¢bvth"es. with the excepb.ork of hedging instruments in a
designated hedging relationship.
Financ￿1 assets that are measured at cost or ar￿[ts"Sed ¢ost are re¥￿W￿l for objective èvidence
of impaimient al the end of each reporting date. If there Is obiective evidence of impairment, an
impairment loss Is recognised under the appropriate heading in the stalemellt of financial
activities in which the initial gain was reeognised.
For all equty instruments regardless of signthcance. and olher financial assets that are
individualty 51gnificant. these are assessed individualty ft)r impalm￿nI. Other financial assets are
either assessed indivKlually or grouped on the basis of similar ¢redil risk characlerisbcs.
Any reversals of impaim)ent are recrynised immediately, to the extent that the reversal does not
result In a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impaiTment nol pwiously been recognised.
Charitable activities
Unrestricted Tolal Fund$ Unre5tri¢ted Total Funds
Funds
2021
Funds
2020
Income from non-investment property
in furtherance of the chaftty's objects
41,982
41.982
36,435
36,435
Investment income
Unrestricted Totsl Funds Unrestficted Total Funds
Funds
2021
Funds
2020
Income from UK listed investments
CBF interest receivable
5.491
15
5.491
15
5.315
52
5.315
52
5.506
5,506
5,367
5,367
Other income
Unrestricted Total Fund$ Unreslricted Total Funds
Funds
2021
Funds
2020
Sundry receipts
138
138
105
105
11

The Burkitt Homes
Notes to the Financial Ststements f¢onthu*•
Year ended 31 July 2021
Expenditurg on charitable adivities by fund typg
Unrestricted Tolal Funds Unrestricted Total Funds
Funds
2021
Fund5
2020
Letting of property
Support costs
24,181
900
24,181
900
50,450
960
50,450
960
25.081
25.081
51,410
51.410
Expenditure on charitsble activities by a¢tivlty type
Activities
undertaken
diredy Support costs
Total funds
2021
Total ftjnd
2020
Letting of property
Govemance costs
24,181
24,181
900
50,450
g60
900
24.181
900
25.081
51,410
Net gains on tnvestmenls
unfestr￿ted Total Funds Unrestricted Total Funds
Funds
2021
Funds
2020
Gain￿{loS5eSI on listed investment5
28.034
28,034
3,043
3,043
10. Independent examination fees
2021
2020
Fees payable lo the independent examiner for".
Independent examinab.on of the financial statements
900
900
11. Trusteg rgmunoration and expenses
No remunerab.on was paid lo any of Ihe Trustees during the year.
12

The Burkitt Homes
Notes to the Financial Statements (contin
Year ended 31 July 2021
12. Investmènts
Listed
Other
investments investrnenls
Total
Cost or valuation
Al 1 August 2020
Additions
Fair value movements
171,455
5.300
28.293
6.502
190
(2591
6.433
177.9S7
5,490
28,034
At 31 July 2021
Impairment
At 1 August 2020 and 31 July 2021
Carrying amount
At 31 July 2021
At 31 July 2020
205,048
211.481
205,048
6,433
211,481
171,455
6,502
177.957
All investments shown above are held at valuat￿n.
Financial asset$ held at fair valu•
The trust's investrnenls are managed by the CCLA wtthin managed ftjnds - CBF Church of
England Investment Fund income Shares. and CBF Church of England Fixed Interest Securities
Fund income shares Valuations are "market valuations" as staled by the CCLA CCL4 stands for
Churches. Chanties and Local Authoribes. The funds are managed within three Silos be￿een
which funds eannot t* transferred. but they can be transferred between types of funds within
each silo. The COIF (Charitses Official Investment Fund sel up by the Charities Commission) and
CBF (Central Board of Finan￿ of the Church of England) each have a similar range of funds - UK
equities, Global equities. Fixed Interest securtties (Bonds). Property and Deposrt. The investment
fund represents a combination of each of the other5. (COIF can be ethical or general. CBF is
ahvays ethical.). Wthin each fvnd there are Income shares lo maximise income and accumulation
shares that give no income but maximise capital growth.
13. D•btors
2021
2020
Prepayments and accrued income
2,612
2,631
14. Crgditors.. amounts falling due within one year
2021
2020
Other creditors
1.838
1,877
13

The Burkitt Homes
Notes to the Financial Ststements Icontinv
Year ended 31 July 2021
15. Analysis of ¢haritable funds
Unrestricted funds
Al
1 August202
Gains and
At
losses 31 July 2021
Income ExpenditUTe
General funds
204.550
47,626
125,0811
28,034
255,129
1 August 201
Gains and
Al
losses 31 July 2020
Income Expenditure
General funds
211.010
41.907
151.4101
3,043
204,550
16. Analysis of nel as$gts betw••n funds
Unrestn'cted Tolal Funds
Fund5
2021
Investments
Current assets
Creditors less than 1 year
Net assets
211.481
45,486
11.8381
255,129
211,481
45,486
11,8381
255,129
Unrestricted Total Funds
Funds
2020
Investments
Current assets
Creditors less than 1 year
Nel assets
177,957
28,470
11,8771
177,957
28.470
(1,877)
204, 550
204.550
14

The Burkitt Homes
Management Inforniation
Year ended 31 July 2021
The following pages do not ft>rni part of the financial sLil&ments.
15

The Burkitt Homes
Detailed Statement of Financial Activities
Year ended 31 July 2021
2021
2020
Incorne and endowments
Charitable activities
Income from non4nveslment property in furtheran￿ of the Charity's
objects
41.982
36.435
Investment income
Income frorn UK listed investments
CBF interest receivable
5,491
1S
5,315
52
S,506
5.367
Other incomg
Sundry receipt5
138
105
Total incorno
47,626
41,907
Expenditure
Expgnditure on charitable activities
Rates and water
Light and heal
Repairs and maintenance
Insurance
Other establishment
Refurbishment costs
Legal and professional fees
Telephone
Garden maintenance
Cleaning
Christmas boxes
Television Iicences
4.322
6,493
1.805
1,598
216
5.742
2.015
2,673
6,326
668
1,71T
210
35,049
3,110
68
917
519
175
38
2,118
519
230
23
25,081
51,410
Total oxpenditure
25,081
51,410
Net gains on investments
GainsllSossesl on listed investrments
28,034
3,043
Net incorng118xpenditure)
50,579
(6,460)
16

The Burkitt Homes
Notes to the Detailed Statement of Financial Activities
Year ended 31 July 2021
2021
2020
Expenditure on charitable activttl•s
Letting of propgrty
Activities undertaken diTrectly
Direct charitable activty - rates & water
Direct charitable activty light & heat
Direct charitable activty
repairs & maintenan
Diocl charitable activty
insurance
D1￿ct charitable activty
other establishment
DI￿¢1 charitable activty
refurbishment costs
Dir8cI charitable activty - Clerk's stipend and expenses
Direct charitable activty - telephone
Garden maintenance
Cleaning
Christmas boxes
Television licences
4,322
6,493
1.805
1.598
216
5.742
1,115
2,673
6.326
668
1,717
210
35.049
2,750
68
917
519
175
38
2,118
519
230
23
24.181
,450
Governance costs
Governance c051s- accountancy fees
900
960
Expenditure on charltablè adivities
25.081
51,410
17