REGISTERED CHARtrY NUMBER: 234467
Trustees, Report and
Unaudited Financial Ststements for the Year Ended 3tst Juty 2023
The Burkitt Homes
StepherLson Smart IEastkn81ial Limited
Chartered Accountants
22-26 knng Street
Ki￿$ Lynn
Norfolk
PE30 IHJ

The Burkitt Homès
Contents of the Financial Statements
forthe Year Ended 3kn July 2023
Pale
TNstees' Report
I to 3
Independent EMamine¢s Report
Staterneblt of Finonaal Aetivrtse5
Balance Sheet
Notesto Flnantial Statements
7 to 11
Detalled Statement of Flnanaal Actmties
12 to 13

The Burkitt Homes
Trustee5' Report
for the Year Ended 31st July 2023
Thè trustees pr•sén* their r•port w&th the financial statements of tht charity for the year ended 3tst July 2023. The
trustees have adopted the provisions of Accounting and Reporring by (thanties.. Statement of Recommended Practice
applicable to chantie5 prepanng their accounts in accordance wth Ihe Financial RekYJrrin8 Stsndard applicablè in the
UK and Republic of Ireland IFRS 1021 lÈffÈttive I january 20191.
ObjectlvÈ$ •nd actlvities
The Trust is a regtstered charty whose printipal object 15 to prthiKle Ilomes for per30ns with connections to Kings Lynn
and who are of mature a8e. of good characterand with limited means ol gJPPOrt.
The trustees have referrèd to the guidance contained In the Charity Commission's general 8uidance on public benefit
when rewewing theTrust's aims and objedive5 and in planning futurè activities.
Achievement and perfomiance
In the ￿¥r to 31st ju￿ 2023 the Board of Trustees have continued to meer on a regular basis to adrn1n￿er the Jffairs
of the Burkitt Homes alrns hokses. The membership of the Board has remained stable duringthe year.
Occupancy of the alms houses has tontinued to be good over the last year as shown in the Maintenance Contribution
receipts. Agaln. when apartments have become vacant where residents, Clfcumstance5 have changed, these have
been marketed and new residents found with only relatNely Short void periods. This is in some si8nificant part due to
the extensive home tmprovement and ￿n¢)vation pro8ramw* embarked up)n by the Board of Trustees some years
ago.
Over the last fjnancial year the si8nTficant Fyoject ¢)f ConVer￿n of aryjther two 5rnall bedsit apartments into one
larger unit was completed. was instigated by thesè units both becomin8 vacant and the fact that both also
needed si8niflcant UP8rading and modern￿atIOn works. The pr(?￿$ was 8one throu8h obtsining ￿$t￿rI Building
Consent. tenders styjght and contractors in5twcted. The conVersm￿ worked well creating 3 second unit In the
quadrangle that is more spacious. The modemisation works followed the prewously approved and agreed pattem to
create a bright and cL￿fOrtable home. The unit was marketed and let. with a new Burkitt Homes resident taking up
occupation in Ottober 2022. The contract administration for this latest si8nificant UP8rade was ontr again provided
by the Trustees at no professional charge. The finantr for this project was majority fvnded, on this occasion, by the
application to the Almshouse Association for a specific refurbishment and improvemènt grant. The balance was
funded from the Trusts own ￿pital reserves. The projett was cornp￿ted on Ewd8et.
The k)an was taken up after carefvl consideration of the repayment terms and affordabilrty. This allowed the Trust to
retain a proportion of their own capital reserves as another rnodernisation projett was requ¢red of a unit that had
become vacant folbwin£ a long tem occupancy comina to an end. This modernisation work was commenced durin6
the vear and experted to bè tCsmplÈ*ed in late 2023.
Once the above rnodernisation proiett 15 completed the Boafd will, baring unexpected vacancies of the last two
remaining more dated unrts, seek a period of "retrenchmènt. to build up capital funds from the benefit of fully
txcupied units.
Going forward smaller projects in tefms of capital ou￿a¥ are being considered, including external re-decoration at)d
some repairs.

The Burkitt Homes
Trustees. Report
for the Year Ended 31st Juty 2023
Financial review
The trust is not reliant upon the income from investments to fund tts routine gpefational and charitable activities. The
monthly Maintenance charges and orher cost rtrcoupments made lo Residents broddly rnatche5 the regular running
and maintenance costs and tharitsble support gwen to the tNst'g beneficiaries However. the trustees keep in mind
the considerable costs that could be incurred by the substantial capital maintenance requirementg a$￿CIat@d with
building5 of the age of the homes. The tNstees also keep in mind that the purpose of its reserves is to support it5
objectives in the long term.
Incomin8 resources increased by £6.172 12022.. £876 decrease) to £52.92212022.. £46.7501 mainly due to an increase
in income from tenants as a refurbished apartment that was empty, has now been let.
The overall deficit for the peri¢)d including the mtsvement in the value of the investments amounted to £ 42.290 12022
£43,991 defi¢itl. The overall decrease wa5 rnade up of a deficit of incomin8 resources compared with resources
expended of £38.502, and an unrealised loss on the value of listed Shares etc of £3,788.The deficrt is mainly caused by
the refurbishment Costs duTin8 the year.
The income from quoted investments amounted to 2.8%12022 2.7%) ofthe market value shown.
The Trust'5 policy has been to use predominant￿ its own capital reserves with some loan finance to progress the much
needed modernisation and refurbishment of the apartments. This has been carefu1fy planned over the last 13 ye3r5
with the need to coincide with natural vacancies of previous lone tem residents. (Residents are often very long term
at Burkitt Homes. Significant￿ k)nger than in the private rented sector. as it is the poliry of the Trustees to offer a
home 'for life").
The completion of the major projert in thi5 financial year. of combining two small units into one. and the other
refurbishment underway. will mean the Trust has completed 10 out of 12 $18nificant refurbishments along with other
work at Burkitt Homes. The remaining two vnrfcs have long term occupants who are happy with thÈir apartmènts
(which are regularly maintained) under the tèms of theirAppointment Leners.
The plan going forward is to hopefully see a period of full occupancy with the financial benefit to Trust Income that
brings. A period of 're-buildin8" of capital reserves is sought. Notionally dedurting capital introduced for specific
improvement projects shows an undedyirng modest operational surplus. Thi5 is used to keep a reserve for the on80in8
maintenance and running of the Homes. whilst ￿111 providing modern accommodation to those "in need" at below
'market" rates.
Futur• plans
noted above. the plans progress for cominuing refurbishment andlor COfwer5ton. The extemal maintenan
Programme continues.
Strurturel governance and man•¢ement
Governln8 docunRnl
The trust is constituted under a deed dated 15th September 19(ffJ. tt is registered as a charity with the Charity
Commission (charity number 2344671.
Recruitment and gppointmerrt of newtrustets
The need for specialist Skills are ionsidered when considering nominationsfor newtrustees.

The Burkitt Homes
Trustees, Report
lor the Year Ended 31st Juty 2023
Structure. Zovernance and management
Indu¢tw)n and tralning of new trustees
New trustees attend a meeting with the existing trustees and are bnefed with regard to their legal obligations under
the Charities Act. They are pro¥Aded with a iopy of the govemin8 trust deed and gNeTh a brlef history of the Trust.
They are also promded with copies of the minutes of the recent trustees meetings. and copies of the last three years,
annual reports and atCOLtnts.
All trustees are encouraged to attend appropriat¢ ¢xtemal traininge¥ents which will a55i5t them in ￿lfIllIng their role.
Kty management remuneratio
The trustees give freely of their time and no trwstee5 reMUnewath￿ was patd during the year.
Rlsk mènagement
The trustees consider on a regular ba51S the major risks to which the charity i% eyposed and review Systems and
procedures to mana8e thern.
The trustees eongder the investment in quoted securities to be of a k)ng term nature. The value of the Charity's
investments have lollowed the general movement in the st￿k market. as a consequen￿, year end values miivements
show increases in value. The xock market investments are collettrvised investmtnts managed bythe CCLA.
Referen¢e and adfflinistrative d•tals
Registered Charity number
234467
Prlndpal addre55
Blackfriars Chambers
King's Lynn
Norfolk
PE30 INY
Trustee$
MrT W Landles
r J Morgan
Mr5 P Jenner Iresignèd 24.1.20231
Mr P Ramsdale
Mr M Cooper
Mrs LF Lemon
l￿dÈ￿￿d*nt Ex•minor
Claire Melton FCCA TEP
Stephenson Smart (East Anglial Limrted
Chartered Aecountsnts
22-26 Kin8 Street
Kin8's Lynn
Norfolk
PE30 IHJ
Approved bv orde￿1 +he board of trustpps nn 9th 4pril 2024 and signed on rts behalf by..
Mr I W Land1es- Trustee

Independent Examiner's Report to the Trustees of
The Burkitt Homes
Independent examiner's reporttothe trustses ofThE Burkitt Homes
I report to the charity trustees my examination of thÈ accounts of The Burkitt Homes Ithe Trustl for the year ended
31stJuly 2023.
Responsibilities and basls of report
As the charity trustees of the Trust you are responsible for the preparatr.on of the actounts in accordance with the
quirÈmÈnts of the Charities Art 2011 l*he Att'l.
I report in respett of my examination of the Trv5t'5 xcounts rarried out under Section 145 of the Act and in carrying
out my exarnination I have fo11ov4ed all applicable D¢rections wven by the Charity Commission under Settion 145lsllbl
of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connertion wth
the Èxamination giving me cause to believe th* in any material respert..
accounting records We￿ not kept in resF*rt of theTTUSt a5 required by Section 130 of the Att,. or
the accounts do not accord with those rKords.' or
the accounts do not comply with the applicab￿ requirements cOn￿rning the form and content of accounts set
out in the Charities (Aecounts and Reportsl Regulations 2C¥)8 other than any requirement that the atcounts
8ive a true and fair view whith is not a matter considered as part of an independent examination.
I have no concerns and have come acro￿ no other matters in connection with the e¥amination to which attention
should be érawn in th￿ report in order to enable a proper understsnding of the accounts to be reached.
Claire Melton FCCA TEP
Stephenson Smart IEast Anglial Limited
Charte￿d Accountants
22-26 King Street
Kin8's Lynn
Norfolk
PE30 IHJ
Date.'.......................................-.-...

The Burkltt Homes
Statement of Financial Activities
for the Year Ended 31st Juty 2023
202a
Unrestrlrted
fund
2022
Totsl funds
Nthes
In¢ome er¥lowments from
Investment income
Other inwme
52.712
210
46,S53
197
Total
52.922
46.750
Expendlture o
Raisin8 funds
Chawitable activitios
Letting of property
85.971
84,659
Other
2,583
3,(￿3
Total
91A24
87,742
Net 8ainslllosse51 on investments
13.7881
12,9991
IhlCOME/IEXPENDmJREI
1422901
143.9911
Rec<)ncili*ion of funds
Totsl fvnds broughtforward
Ui,ts8
255.129
Totsl fvnds carriedforward
168.848
211,138
The notes form part of these financial statements

The 8urkitt Homes
Balance Sheet
31st July 2023
2023
Unrestricted
2022
Toial fund5
Flxed assets
Investments
216,516
214,282
Current a55ets
Debtors
Cash at bank
3.377
17.283
4.802
58.128
20.660
62,930
cre￿￿or$
Amounts lallin8 due within one year
{3,5201
12,S451
Net current assets
17,140
60.285
Total assets le59 ¢urrent liabilities
233,686
274,567
Credrtors
Amountsfalling due after more than one year
164,8381
163,4291
NET ASSErs
168.848
211,138
Fund5
Unrestritted funds
168,848
211,138
Total fvnds
168,848
211,138
The financial statements were approved by the 8oard of Trustees and authorised for issue on 9th April 2024 and were
signed on its behalf bv..
MrTW Landles- Trustee
Mr5 L F Lemon- Trustee
The notes form part of these financial statements

The Burkitt Home5
Notes to the Financial Statements
for the Year Ended 31st July 2023
Accountin£ polities
Basis of preparin8 thè finanoal ststements
Yhe financial staternents of the chdrty. which is a wblic benefft entlry under FRS 102, have been prepared in
accordance with the Charitie5 SORP IFRS 1021 AccountinR and Reporting by Charities.. Statèment of
Recornmended Prathce applicable to charities preparing their actounts in accordante with the Finantial
Reporting Standard appI￿able in the UK and Repuwic of Ireland IFRS 1021 (effective l January 20191,, Financial
Reportin8 Standard 102 Yhe Financial ReportinB Standard applicab￿ in the UK and Republic of Ireland. and the
Charities Art 2011. The finanaal staternents have been prepared under the historical cost convention. with the
exception of investmentswhich are included at market vBlue. as rTh)dified by the revaluatK¢n of ￿rtain assets.
Cfftkal •¢countI￿)udIeMtnts and key ￿UrCeS of estlmJtlon un¢ertalntv
Thè preparation tsf the financial statements requires management to make judgements. estimates and
aS5umptiors that affect the amounts reported. These estimates and judgernents are cont¢nually reviewed and
are based on experience and other factor5. induding expe¢tation5 of futu￿ events that are believed to bè
reasonable underthe circumstances.
All income Is recognised in the Ststement of Fina￿31 Artmt￿$ once the tharity has èntitjement to the hjnds,
Ir 15 probabk that the inco￿* will be recewed and the amount can be measured reliabty.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obliK4tion committing the
charity to tiat expendrture. it is probable that a transfer of economic benefits will be required in settlement
and the amount of the otrAigation can be measured reliably. Expenditure is accounted for on an accruals basis
and has been classified under headings that aggregate all cost relatod to the catè80ry. Where costs cannot be
directly attributed to parricular headings they have been allocated to activitie5 on a bas￿ c<)nsistent with the
use of resources.
Tax*Jon
The charity s exempt from tax on its charitable actI￿ties.
Fund accoun¢lni
Unrestricted funds can be used in 3Cctydar￿e wrth the charitsble objeLt¥esat the discretion of the trustees.
Re5tsirted funds can onty ￿ used for partitular restricted purpose5 Within the objects of the charrty.
Restrictions arise when sFttthed bythe donor or when funds are raised for particular re5trittèd purposes.
Designated funds are unrestrirted frjnds earmarked by the trustees foi partKuLir luture project or
commitmènt.
The charty has a SI￿le permartent endowme*)t of the land and buildings kn¢iwn as The Burkitt Homes. This
endowment was bestowed on the tharrty by the founder William Burkitt when the charity wa5 lomied on 15th
September The trustees have no authorrty to tltspose of the land and buildings. they are to be used
solely for the purposes of the charrty. No valuation was placed on this endowment when it was oriBinallv
bestowed.

The Burk￿ Homes
Notes to the Flnancial StatÈments- continued
for the Year Ended 31st July 2023
In¥estnwnt Inmme
2023
2022
Rents received
Other fixed asset investments
CBF interest receivable
46.432
6,052
228
40,731
5,800
22
51712
46,553
Trustees, rtmuneration ¥nd b*neffts
The￿ were no trustees, remunerat*Jn OT other benefits for the year ended 31st July 2023 nor for the year
ended 31stJuly 2022.
Trustees. expenses
There were no
315t July 2022.
trustees, expenses paid for the year ended 31st Jvly 2023 nor for the year ènded
F￿ed asset In¥eMments
sted
investments
Market value
At 1st Augost 2022
Additions
Revaluaticths
214,282
6,052
13,7881
At 315t jU￿Y 2023
216,546
Net book value
At 31st July 2023
216,546
At 315t July2022
214.282
There We￿ no investment assets outsidethe UK.
The trust's investments are managed by the CCLA within two managed funds
CBF Church of England
Investment Fund income shares. and CBF Church of England Fixed Interest Securitie5 Fund income shares.
Valuat¥ons are "market valuations" as stated by the CCLA. CCLA stands for Churches, Charities and Local
Aurhorities. The funds are managed within three silos between which funds cannot be transferred, bui thev
can be transferred between types of fund5 Wrthin each silo. The COIF Icharities Official Investment Fund Set up
by the Charities Commi55ionl and CBF (Central Boartl of Finance of the Church of EngSandl each have a similar
range of funds
UK equ¢(ies, Global equr(ies. Fixed Interest securities 18ondsl, Property and Deposit. The
investment fund represent5 3 combination of each tsf the others. ICOIF can be ethical or general, CBF 15 always
ethical.). Within each fund there are income shares to rnaximise income and accumul￿1On shares that give no
income but maximi5e caprtal growth.
All of the investments are held at market valu*ion.

The Burkitt Homes
Notes to the Winanaal Statements- continued
lor the Year Ended 31st July 2023
Debtor5: amounts P4llln8due wlthln one year
2023
Prepayments ar￿ accrued income
3,377
4,802
Cr•dltors: amounts fall1￿4￿* wfthln one year
2023
2021
Other creditors
2.645
Credltors: arnourrt5￿Iln1 due after ThN>rethan one
2023
2022
Loan
63,429
Lo•ns
An an3￿51$ ofthe maturity of loarts is gr4en below..
2023
2022
Amounts falling between one and years:
Othèr loans- 1-2 years
13,650
10,238
Amounts fallin8 due between two and fNe years:
Other loans- 2-5 years
ZOA75
20,475
Amounts fallin8 due in more than five year5=
Repayable by instalments:
Othe¥ loans more than 5 yea
30,713
32,716
Movement In funds
Nét
At L8.22
kn fvnds
At 31.7.Z3
Unrestrlcted fundg
General fund
142,29)>
I￿,848
TOTAL FUNDS
21L138
168,848

The Burkitt Homes
Notes to the Flnancial 5tatements- contSnued
forthe Ye•r Ended 31st July 2023
M0￿Ment In funds. eondnued
Net movement tn funds. included in the are asfollows:
IrKomi
Re50ur¢es
Gain$ and
losses
Mo¥trnent
in funds
Unrestricted l￿d$
General fund
51922
191.4141
13.7881
I42,2￿)
TOTAL FUNDS
191,4241
13,7881
142,2901
Camp•rad¥es lormov*ment In funds
Net
movemerrt
in fvnds
At 1.8.21
At 31.7.22
Unrestritted fvnds
General fund
255.129
143,9911
211.138
TOTAL FUNDS
255.129
143,9911
211,138
Comparative net movement in funds. induded in the above are as follows..
In¢omlng
resourtes
Resources
expended
Gains and
105se5
Movement
in funds
Unre5trkted fvnds
General fund
46.750
187.7421
12.9991
143.9911
TOTAL FUNDS
46.750
187.7421
12,9991
143,9911
io

The Burkitt Homes
Notes to the Financial Ststements- continued
for the Year Ended 31st July 2023
io.
Related party dI￿10$UreS
During the year the Trustees decided that the time had ￿rne to move the day to day management of the
Homes to a formal professional basis due to the inueasing time and regulations required. This is to also
include collection tsf the monthly maintenance contributions and dealing with all maintenance matter5 etc,
with monthly accountin8 to the Treasurer to tske plate. The Trustee5 agreed to fomally instruct Landles
Estate Agents. a firm regulated by RICS. holdin8 a designated. insurance backed. Uients AcctsunL this
purpose. Tim Landles. chairman of the Trustees. 15 a partner in Landles Estate ￿ents,
Note.. The Board of Tnjstees are r￿t remunerated for their Tnjstee positions. It is the Policy of the Board to
review the appointment of r*ofessional property mana8ement and professional acctsunting 3erviLe5 e¥ery 3
years.
The amount paid durin8 the year in commssion to Landles Estste 4¥ent5 by the Charty includlng vat. was
£3.492.38.
li

The Burkitt Hornes
Detsiled Statement of Flnan¢i41 Artivlties
for the Year Ended 31st July 2023
2023
2022
Income and endowments
Inv¢stment 5neome
Rents recerved
Other fixed asset investments
CBF interest receivab
46,432
6,052
228
40,731
5,8rA)
22
52,712
46,553
Other In¢ome
Sundry receipt5
210
197
Total inromin8 resources
51922
46,750
E¥penditure
Othertrathngactyvl
Bad debts
2A70
Charltable attfvltles
Rate5 and water
Insurance
Light and heat
Clerk's stipend and expernses
Repairs & maintenance
Other establishment costs
Refurbishment costs
Loan administration fee
2.492
1014
8.gJ7
2,167
1,653
4,825
780
8,123
187
61,348
3,250
8.799
196
57,746
.134
82,333
Other
Garden malntenart¢e
Cleaning
Chnstmas boxe5
Television licences
1.835
515
210
23
2.295
525
240
23
3,083
Supwt costs
Govemance costs
Accountancy and legal fee5
Carried forward
1,020
1,020
9(M)
900
This pa8e does not form part of the statutory financial statements
12

The Burkltt Home5
Detailed Statement of Financial Acbvitie5
for the Year Ended 31st Juty 2023
2022
Governan¢• costs
8rought foiward
No description
1.020
4,817
1,426
5.837
2,326
Total resources eyended
91AZ4
87,741
Net expenditure before￿1￿ and losses
138.5021
140,9921
Rea115ed recognlsed ¢ain5 and losses
Realised gainsllltsssesl on fixed asset
in¥estments
,788)
12,9991
Net expenditure
142,2901
143,9911
This page does not form part of the statutory financial statements
13