## **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** |**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due**
**within one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of
all the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13

B14
B15
B16
B17
B18
B19
B20
B21|**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 2 To be sent later