THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST (Known as THE BURCHELL TRUST)
RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED
30TH JUNE 2023
Registered Charity Number 264371
THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST
(Known as THE BURCHELL TRUST)
CONTENTS
Page Number
| Trustees Report | 1 - 2 |
|---|---|
| Independent Examiner's Report | 3 |
| Receipts and Payments Accounts | 4 |
| Statement of Assets and Liabilities | 5 |
| Notes to the Accounts | 6 |
THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST (Known as THE BURCHELL TRUST) TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2023
The Trustees present their report and accounts for the year ended 30th June 2023.
Registered Charity number:
Registered Charity number: 264371 Principal Address: C/o David Owen & Co 126 High Street Marlborough Wiltshire SN8 1LZ
Charity Trustees
G L Smith E E Gilbert resigned 8 January 2024 U A Sawyers A H Hancock D Wylie appointed 8 January 2024 J E McCluskey appointed 2 October 2023
Advisors Accountants David Owen & Co (address as above)
Solicitors Royds Withy King Cross Keys House 27 The Parade Marlborough Wiltshire SN8 1NE
Structure, Governance and Management:
The charity is a trust and is governed by a trust deed dated 13th June 1972. New trustees are appointed by the existing trustees.
Objectives and Activities of the Trust:
The objectives of the trust are to provide homes or houses for aged people in necessitous circumstances who shall either have been born in the Borough of Marlborough or shall have resided there for not less than ten years and to relieve poverty amongst persons residing in the said borough. The trustees have considered the Charity Commission's general guidance on public benefit.
The trust carries out its objectives by providing accommodation for rent at a modest level for suitable tenants.
Achievements and Performance:
The trust has continued to own and manage 12 flats and 1 terraced house at Savernake Court, Marlborough. It is continuing a programme of work to generally upgrade the flats on a rolling basis.
Reserves Policy:
The charity has total reserves of £2,057,767 of which £22,839 represents free reserves. This level of reserves is considered by the management committee to be sufficient to meet the upgrading of the properties and any necessary repairs and expenses for two to three years.
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THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST (Known as THE BURCHELL TRUST) TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2023 CONT….
Trustees' responsibility for the accounts
Charity law requires the trustees of the Trust to prepare a receipts and payments account and a statement of assets and liabilities for each financial year. In addition the trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity’s transactions and to disclose with reasonable accuracy at any time the financial position of the Trust. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
Trustee
Date
2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST (Known as THE BURCHELL TRUST)
I report on the financial statements of the trust for the year ended 30th June 2023, which are set out on pages 4 to 6.
My report is made to the trustees as a body in accordance with the terms of my engagement. My work has been undertaken so that I may report to the charity's trustees and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for my work or for this report.
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;
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to follow procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner's statement
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 the 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 in the statement bellow.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
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(1) which gives me reasonable cause to believe that in any material respect, the requirements - to keep the accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mrs A R Atkins BSc FCA Chartered Accountants 126 High Street, Marlborough
Date
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THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST (Known as THE BURCHELL TRUST) RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023
| NOTES UNRESTRICTED FUNDS RECEIPTS Operating activities to further the charity's objectives Rents received Investment income Dividends Bank interest received Other interest received ASSET AND INVESTMENT SALES TOTAL RECEIPTS (A) PAYMENTS Property management expenses Property repairs and refurbishment Gas servicing Electricity Garden expenses Insurance Rates Professional fees Administration expenses Management fee Accountancy Postage and stationery Interest Bank charges Broker charges ASSET AND INVESTMENT PURCHASES TOTAL PAYMENTS (B) NET (DEFICIT) / SURPLUS (A - B) Cash funds last year Cash funds this year |
2023 £ 37,800 5,882 135 9 43,826 10,000 53,826 59,835 938 453 2,490 2,710 153 910 - - 477 - 70 937 68,973 4,951 73,924 (20,098) 42,937 22,839 |
2022 £ 38,440 5,272 11 - |
|---|---|---|
| 43,723 - |
||
| 43,723 | ||
| 45,490 921 266 3,538 2,549 - 3,579 - 1,530 - 2 40 956 |
||
| 58,871 4,261 |
||
| 63,132 | ||
| (19,409) | ||
| 62,346 | ||
| 42,937 |
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THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST (Known as THE BURCHELL TRUST) STATEMENT OF ASSETS AND LIABILITIES AS AT 30TH JUNE 2023
| NOTES UNRESTRICTED FUNDS ASSETS Cash funds Bank Account High Interest Account Investment Broker Accounts Other monetary assets Debtors - dividends and tax refunds Investments Unit Trusts - at valuation 2 Assets retained for charity's own use Property at valuation 3 TOTAL ASSETS |
2023 £ 3,232 19,038 569 22,839 - 384,928 1,650,000 2,057,767 |
2022 £ 2,700 39,671 566 |
|---|---|---|
| 42,937 - 378,721 1,650,000 |
||
| 2,071,658 |
We approve the financial information on pages 4 to 6. We acknowledge our responsibility for the financial information, including the appropriateness of the accounting basis as set our in Note 1 and for providing David Owen & Co with all the information and explanations necessary for its completion.
Approved by the Trustees and signed on their behalf:
Trustee
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THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST (Known as THE BURCHELL TRUST) NOTES FOR THE YEAR ENDED 30TH JUNE 2023
1 Accounting policies
The following accounting policies have been used consistently in dealing with items considered material in relation to the Trust's Receipts and Payments Accounts
a) Basis of Accounting
These Receipts and Payments Accounts have been prepared under the historical cost convention, but incorporating the revaluation of property and investments.
b) Valuations
Investments have been stated at market value and have been valued on the following
| McInroy & Wood | 30 June 2023 | |
|---|---|---|
| The property was valued by Humberts, Chartered Surveyors on 19 March 2012 | ||
| 2 | Investments | £ |
| Balance brought forward | 378,721 | |
| Movement | (2,014) | |
| Increase/(decrease) in valuation | 8,221 | |
| Balance carried forward | 384,928 | |
| Cost | 274,109 | |
| 3 | Property valuation | £ |
| Balance brought forward | 1,650,000 | |
| Increase in valuation | - | |
| Balance carried forward | 1,650,000 |
The property was valued by Humberts, Chartered Surveyors on 19 March 2012.
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