## **THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST**
**(Known as THE BURCHELL TRUST)**
## **RECEIPTS AND PAYMENTS ACCOUNTS**
## **FOR THE YEAR ENDED**
## **30TH JUNE 2025**
**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 2025**
The Trustees present their report and accounts for the year ended 30th June 2025.
**Registered Charity number:** 264371 **Principal Address:** C/o David Owen & Co 126 High Street Marlborough Wiltshire SN8 1LZ
## **Charity Trustees**
G L Smith U A Sawyers resigned 24 January 2025 A H Hancock D Wylie J E McCluskey resigned 24 January 2025 M Hall appointed 24 January 2025 A R W Ross appointed 24 January 2025
**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 £2,108,947 of which £60,801 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 2025 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 2025, 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;
- to follow 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 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:
- (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 - 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
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr A Coombes FCCA Date
Chartered Accountants 126 High Street, Marlborough
3
**THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST (Known as THE BURCHELL TRUST) RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2025**
|**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
Legal fees
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|**2025**
**£**
42,220
7,303
386
-
49,909
-
49,909
11,753
899
1,013
2,795
3,029
-
219
-
-
3,570
-
-
93
973
24,344
6,365
30,709
**19,200**
**41,601**
**60,801**|**2024**
**£**
38,650
5,674
466
29|
|---|---|---|
|||44,819
-|
|||44,819|
|||9,693
931
533
1,914
2,602
-
-
3,000
-
1,620
-
-
78
948|
|||21,319
4,738|
|||26,057|
||||
|||**18,762**|
|||**22,839**|
|||**41,601**|
4
**THE FLORENCE AND WALTER JOHN BURCHELL CHARITABLE TRUST (Known as THE BURCHELL TRUST) STATEMENT OF ASSETS AND LIABILITIES AS AT 30TH JUNE 2025**
|**NOTES**
**UNRESTRICTED FUNDS**
**ASSETS**
**Cash funds**
Bank Account
High Interest Account
CAF Cash
CAF Gold
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**|**2025**
**2024**
**£**
**£**
-
2,993
-
2,877
13,922
29,116
46,303
6,029
576
586
60,801
41,601
-
-
398,146
407,807
1,650,000
1,650,000
2,108,947
2,099,408|
|---|---|
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 2025**
## **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 2025|
|---|---|---|
||The property was valued by Humberts, Chartered Surveyors on 19 March 2012||
|**2**|**Investments**|**£**|
||Balance brought forward|407,807|
||Movement|6,365|
||Increase/(decrease) in valuation|(16,026)|
||Balance carried forward|398,146|
||Cost|285,212|
|**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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