## **THE DRILL HALL CHEPSTOW CHARITABLE INCORPORATED ORGANISATION REGISTERED CHARITY NUMBER 1168818 TRUSTEES REPORT** 

The Drill Hall Chepstow CIO was established in August 2016 to submit a capital asset transfer to the big lottery it was successful in the 1st round received a grant of £41,665 in October 2017 towards legal and professional costs. 

Unfortunately in February 2018 we were informed that stage II of the lottery bid had been unsuccessful. 

Chepstow Town Council holds the lease of the Drill Hall from Monmouthshire County Council and have yet to decide on the future governance of the hall and whether the Drill Hall CIO will have any role in the management of the Drill Hall. 

The Drill Hall CIO is currently in suspension. The trustees did not meet during the year 2020 - 2021 . 

The charity had no income during that period. 

The only financial transactions were the £5 per month charge to maintain the bank account. 

Chepstow town Council is still considering a community asset transfer of the Drill Hall from Monmouthshire County Council. 

If this transfer goes ahead it is possible that in the near future the Drill Hall CIO will play a role in the future management of the hall and be re-established as a functioning organisation with new trustees and an altered constitution. 

## **The Drill Hall Chepstow Charitable Incorporated Organisation Accounts 1/04/20 to 31/03/20** 

Assets brought forward, cash in bank -  £90 Income received £0 

Expenditure 

bank charges £60 

balance in CAF bank account at  01/04/21 - £30 

John Nigel Garth Heywood MBE trustee