## **HUNGERFORD LIBRARY & COMMUNITY TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. 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. £10000. The local Town council also provides an annual grant, this year the amount was £9,000 The charity spent £2000 on providing a series of free events under the title of ‘The Well read Mind’, which were provided during the summer months of 2023.
## **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 approx. £7000 in a full year now recovering after COVID in 2020/21.The front office space his now called The Curve and is being used as a community shop opening 4 days a week. The Curve sells locally produced arts and crafts on behalf of local people for which it receives commission on sales to boost the Hubs revenue (approx. £1800) was made in 2022/23.
## **FINANCIAL REVIEW**
The charity took over the operation of the building on 15[th] June 2018 , The accounts shown are for the fourth full year of operation from 1[st] October 2022 to 30[th] September 2022 with a surplus of £4983 was achieved.
The charity is still in the early stages of operation and is in the process of building up reserves to a suitable level. The during financial year 23/24 the Charity is seeking grant funding to install solar panels (cost approx. £20,000). This will ensure the building is progressing towards being green and will save electricity costs of £2500 per annum helping to reduce operating expenditure,
## **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 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Registered Charity number
1174118
Principal address Hungerford Hub
Church St, Hungerford RG17 0JG
Trustees
Mr Keith Knight - Chairman Mrs Christine Hodgkin Ms Sarah Chatters Ms Jane Simpkins Mr Neil Marney Mrs Kathy Rough
Approved by order of the board of trustees on 24[TH ] May 2024 . and signed on its behalf by……
…………………..
## Chairman of Trustees
||Charity No
(if any)
**1174118**
Period start date
**01-Oct-22**
**To**
Period end
date
**30-Sep-23**
**Hungerford Library & Community Trust**
Annual accounts for the period|Charity No
(if any)
**1174118**
Period start date
**01-Oct-22**
**To**
Period end
date
**30-Sep-23**
**Hungerford Library & Community Trust**
Annual accounts for the period|
|---|---|---|
|**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
**_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
25,033
-
-
25,033
11,639
8,975
-
-
8,975
151
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|||34,008
-
-
34,008
11,790|
|||1,343
-
-
1,343
1,862
27,682
-
-
27,682
24,549
-
-
-
-
-
-
-
-
-
-|
|||29,025
-
-
29,025
26,411|
||||
|||4,983
-
-
4,983
14,621|
|||-
-
-
-
-|
|||4,983
-
-
4,983
14,621|
|||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|||4,983
-
-
4,983
14,621|
|||-
-
-
-
-|
|||4,983
-
-
4,983
14,621|
## **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
**Unrestricted**
**funds**
**£**
F01
B01
2,243
B02
13,204
B03
-
B04
-
B05
15,447
B06
-
B07
-
B08
-
B09
15,227
B10
15,227
B11
136
B12
15,091
B13
30,538
B14
-
B15
-
B16
30,538
B17
-
B18
B19
30,538
B20
B21
30,538
Signature|**Unrestricted**
**funds**
**£**
F01
2,243
13,204
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
- 2,243
- 13,204
-
-
-
-|**Total last**
**year**
**£**
F05|
|---|---|---|---|---|---|
||||||905
7,223
-
-|
|||15,447|-|-
15,447|8,128|
|||-
-
-
15,227|-
-
-
-|-
-
-
-
- -
- 15,227||
||||||-
-
-
16,025|
|||15,227|-|-
15,227|16,025|
||||||136|
|||136|-|- 136||
|||||||
|||15,091|-|-
15,091|15,889|
|||||||
|||30,538|-|**-**30,538|24,017|
||||||-
-|
|||-
-|-
-|- -
-
-||
|||||||
|||30,538|-|-
30,538|24,017|
|||-
30,538|-|-
-
-
30,538
-||
||||||-
-
24,017|
|||30,538|-|-
30,538|24,017|
|||||Print Name
KR KNIGHT|Date of
approval
dd/mm/yyyy
24/05/2024|
Awaiting audit report will forward