HUNGERFORD LIBRARY & COMMUNITY TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 30 September 2024. 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 sort to raise funds to support a new project to install solar panels at a cost of approx. £30,000. To date £8000 has been raised which is being held in the bank account as restricted funds.
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. £2554.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. £2500) was made in 2023/24
FINANCIAL REVIEW
The charity took over the operation of the building on 15[th] June 2018 , The accounts shown are for the 5th full year of operation from 1[st] October 2023 to 30[th] September 2024 with a surplus of £12100 (including £8000 grant for our solar panel project) 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 24/25 the Charity is seeking additional grant funding to enable installation of solar panels (cost approx. £30,000). This will ensure the building is progressing towards being green with a net zero footprint and will save electricity costs of £2000 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 2024
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 23[rd] July 2024 . and signed on its behalf by……
…………………..
Chairman of Trustees
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Hungerford Library & Community Trust
FOR ENGLAND AND WALES
Period start date 01-Oct-23
w— ——————
Section A Statement of financial activities
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| Period start date 01-Oct-23 Hungerford Library & Community Trust Annual accounts for the period —————— |
To Annual accounts for the period |
Charity No (if any) Period end date Annual accounts for the period |
1174118 30-Sep-24 |
|---|---|---|---|
| Recommended categories by activity | Guidance Notes | Unrestricted funds |
Unrestricted funds |
Unrestricted Restricted income funds |
Unrestricted Restricted income funds |
Endowment funds |
Endowment funds |
Total funds | Total funds | Prior year funds |
Prior year funds |
|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |||||||
| Incoming resources (Note 3) | F01 | F02 | F03 | F04 | F05 | ||||||
| Income and endowments from: | |||||||||||
| Donations and legacies | S01 | 36,860 | - | - | 36,860 | 25,033 | |||||
| Charitable activities | S02 | 2,554 | - | - | 2,554 | 9,171 | |||||
| Other trading activities | S03 | - | - | - | - | - | |||||
| Investments | S04 | - | - | - | - | ||||||
| Separate material item of income | S05 | - | - | - | - | - | |||||
| Other | S06 | - | - | - | - | - | |||||
| Total | S07 | 39,414 | - | - | 39,414 | 34,204 | |||||
| Resources expended (Note 6) | |||||||||||
| Expenditure on: | |||||||||||
| Raising funds | S08 | - | - | - | - | - | |||||
| Charitable activities | S09 | 28,017 | - | - | 28,017 | 28,950 | |||||
| Separate material item of expense | S10 | - | - | - | - | - | |||||
| Other | S11 | - | - | - | - | - | |||||
| Total | S12 | 28,017 | - | - | 28,017 | 28,950 | |||||
| Net income/(expenditure) before investment | |||||||||||
| gains/(losses) | S13 | 11,397 | - | - | 11,397 | 5,254 | |||||
| Net gains/(losses) on investments | S14 | - | - | - | - | - | |||||
| Net income/(expenditure) | S15 | 11,397 | - | - | 11,397 | 5,254 | |||||
| Extraordinary items | S16 | - | - | - | - | - | |||||
| Transfers between funds | S17 | - | - | - | - | - | |||||
| Other recognised gains/(losses): | |||||||||||
| Gains and losses on revaluation of fixed assets for the charity’s own use | S18 | - | - | - | - | - | |||||
| Other gains/(losses) | S19 | - | - | - | - | - | |||||
| Net movement in funds | S20 | 11,397 | - | - | 11,397 | 5,254 | |||||
| Reconciliation of funds: | |||||||||||
| Total funds brought forward | S21 | - | - | - | - | - | |||||
| Total funds carried forward | S22 | 11,397 | - | - | 11,397 | 5,254 |
Section B Balance sheet
| Guidance Notes Unrestricted funds |
Unrestricted Restricted income funds |
Endowment funds |
Endowment Total this year |
Total last year |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets |
F01 B01 1,682 - - 1,682 B02 11,883 - - 11,883 B03 - - - - B04 - - - - B05 13,565 - - 13,565 |
F02 1,682 - - 1,682 11,883 - - 11,883 - - - - - - - - 13,565 - - 13,565 |
F03 1,682 - - 1,682 11,883 - - 11,883 - - - - - - - - 13,565 - - 13,565 |
F04 1,682 - - 1,682 11,883 - - 11,883 - - - - - - - - 13,565 - - 13,565 |
F05 2,243 13,204 - - 15,447 |
| Current assets | |||||
| Stocks (Note 18) | B06 - - - - |
- - - - | - - - - | - - - - | - |
| Debtors (Note 19) | B07 - - - - |
- - - - | - - - - | - - - - | - |
| Investments (Note 17.4) | B08 - - - - |
- - - - | - - - - | - - - - | - |
| Cash at bank and in hand (Note 24) | B09 28,506 - - 28,506 |
28,506 - - 28,506 | 28,506 - - 28,506 | 28,506 - - 28,506 | 15,227 |
| Total current assets | B10 28,506 - - 28,506 |
28,506 - - 28,506 | 28,506 - - 28,506 | 28,506 - - 28,506 | 16,025 |
| Creditors: amounts falling due within one year (Note 20) |
B11 136 - - 136 136 ~~————~~ |
||||
| Net current assets/(liabilities) | B12 28,370 - - 28,370 |
28,370 - - 28,370 | 28,370 - - 28,370 | 28,370 - - 28,370 | 15,091 |
| Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities |
B13 41,935 --41,935 30,538 B14 - - - - - B15 - - - - - ~~=~~ |
||||
| Total net assets or liabilities | B16 41,935 - - |
41,935 - - | 41,935 - - | 41,935 | 30,538 |
| Funds of the Charity | |||||
| Endowment funds (Note 27) | B17 - |
- | - | ||
| Restricted income funds (Note 27) | B18 8,000 - |
8,000 - | 8,000 | - | |
| Unrestricted funds | B19 33,935 |
- 33,935 | - 33,935 | 30,538 | |
| Revaluation reserve | B20 | - | |||
| Total funds | B21 41,935 - - 41,935 |
41,935 - - 41,935 | 41,935 - - 41,935 | 41,935 - - 41,935 | 30,538 |
| Signed by one or two trustees on behalf of | Date of | ||||
| all the trustees | Signature | Print Name | Print Name | approval dd/mm/yyyy |
|
| KR KNIGHT | 23/07/2025 |
Independent Examiners Statement to the Trustees of Hungerford Library & Community Trust
We report on the accounts of the Trust for the year ended 30th September 2024 as set out on pages 1 to 4.
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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
examine the accounts under section 145 of the Charities Act;
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
to state whether particular matters have come to our attention.
BASIS OF INDEPENDANT EXAMINER’S STATEMENT
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes the 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 of disclosures in the accounts, and seeking explanations from you as 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 set out in the statement below.
INDEPENDANT EXAMINERS STATEMENT
In connection with my examination, no matter has come to our attention:
-
1) which gives us reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting
-
requirements of the Charities 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.
Gavin Rowell M.A.A.T. LJ Smith Accountants Ltd Independent Examiner
Dated: 25th July 2025
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