2020-09-30-accounts - Hungerford Library And Community Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

HUNGERFORD LIBRARY & COMMUNITY TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020

The trustees present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal objective of the charity is to provide a Community Hub Building for the residents of the Town of Hungerford. This community space is used to promote education and social events.

PUBLIC BENEFIT

The charity's trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission; the trustees consider that the charity meets the public benefit requirements of the Charities Act 2011 by carrying out its stated aims and objectives.

ACHIEVEMENT AND PERFORMANCE

Fundraising and Grants

The trust continues to raise funds through fundraising utilising a number of methods including brick subscription membership from local residence and businesses amounts range from £5 to £100. To date this sponsorship and other donations has brought in approx. £3,800. The local Town council also provides an annual grant, this year the amount was £9,000. The hub spent approx. £4000 landscaping the outside space and approx. £1500 on reconfiguring the inside of the building to create more usable space for hire.

HIRE FEES

The trust hires out the building (when it is not being used as a library) to local organisations and businesses. The revenue from Hire Fees is expected to raise £3700 in a full year this was considerably reduced (down to £1815) due to the effects of COVID. The front office space has now been called The Curve and is being used for Art Displays, pop up shops and by local groups such as the Citizens Advice.

FINANCIAL REVIEW

The charity took over the operation of the building on 15[th] June 2018 , The accounts shown are for the second full year of operation from 1[st] October 2019 to 30[th] September 2020 with a surplus generated of just £59. This was due to a large reduction in revenue due to the effects of the COVID pandemic.

Reserves policy

The charity is still in its early stages of operation and is in the process of building up reserves to a suitable level.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was registered with the Charity Commission of England and Wales on 8[th] August 2017 and adopted a constitution as a Charitable Incorporated Organisation.

Recruitment and appointment of trustees

The chairman Mr Keith Knight and all others are "ex officio" trustees as prescribed in the Foundation's constitution.

Organisational structure

The structure of the Trust includes the governing Board of Trustees as well as the Hub Planning Committee charged with driving forward initiatives and fundraising based on the aims of the Trust.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1174118

Principal address Hungerford Hub

Church St, Hungerford RG17 0JG

Trustees Mr Keith Knight - Chairman Ms Sarah Chatters Ms Jane Simpkins Mr Neil Marney Mrs Christine Hodgkin

Approved by order of the board of trustees on 29[th] July 2021 . and signed on its behalf by……

…………………..

Chairman of Trustees

Hungerford Library & Community Trust Charity No (if any) 1174118 Annual accounts for the period Period end Period start date 01-Oct-19 To date 30-Sep-20

Section A Statement of financial activities

Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 *Reconciliation of funds:* S21 S22 1 *Total* *Net movement in funds* Total funds brought forward *Total funds carried forward* *Total* Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 23,139 - - 23,139 10,672 4,898 - - 4,898 7,421 - - - - - - - - - - - - - - - - - - -
	28,037 - - 28,037 18,093
	1,397 - - 1,397 - 26,582 - - 26,582 13,935 - - - - - - - - - -
	27,979 - - 27,979 13,935

	58 - - 58 4,158
	- - - - -
	58 - - 58 4,158
	- - - - - - - - - - - - - - - - - - - -
	58 - - 58 4,158
	- - - - -
	58 - - 58 4,158

Section B Balance sheet

Unrestricted funds £ F01 - - - -	Restricted income funds £ F02 - - - -	Endowment funds Total this year £ £ F03 F04 - - - - - - - -	Total last year £ F05
			- - - -
-	-	- -	-
- - - 15,606	- - - -	- - - - - - - 15,606
			- - - 17,222
15,606	-	- 15,606	17,222
			3,204
136	-	- 136

15,470	-	- 15,470	14,018

15,470	-	-15,470	14,018
			- -
- -	- -	- - - -

15,470	-	- 15,470	14,018
- 15,470	-	- - - 15,470 -
			- - 14,018
15,470	-	- 15,470	14,018
Signature		KR KNIGHT Print Name	Date of approval dd/mm/yyyy 29/07/2021

CC17a (Excel)

31/07/2021

To be sent later