Charity number.. 238379
TOWN AND MANOR OF HUNGERFORD
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL 8TATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2021

TOWN AND MANOR OF HUNGERFORD
coKrENTS
Page
Referen￿ and administratlva details of the Charrty, ito Trustees and advls8rs
Trustee8' report
4-11
Independent examlnerfs rep
12-13
Stalem8nt of flnancial aclivltieg
14
Statement of flnandai P0S￿on
15
Statement of cash
16
Not88 to the flnanclal statements
17-33
Pa8e 2

TOM AND MANOR OF HUNGERFORD
REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARITY, rrs TRUSTEES AND
ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021
Tfu•to••
P Joseph (Con5t8ble and Chaitrnan)
B Mayhew
T BOSS￿ IRes￿Jned 7 Jun8 20211
J D￿kITr8
B Barr
J Welfar•
G Furr
F Hobson
R Hall IRe8lgn•d 15 October 2021)
P Porter
J D8nnl8
Charfty r•gl•t•r•d
Numb•r
238379
Prlnclp•l offle•
Town Hall
Streel
Hungoryord
Berkshiro
RG17 LWF
Chl•f •x•cutlv• offlc•r
E Dkkln•
Ae¢ount•nts
Panth•ra Accounllng
62 Foxttall Road
Dkknt
Oxlord8hlr•
OX117AD
Bank•rn
National We8tmlr*tor Bank PLC
30 Market PFace
Bork8hlre
RG14 SAG
Sollcltor•
Royd8 Withy KlrvJ
34 Regent Clr¢
Swtndon
Wittshlr8
SN11PY
InvMbTr•nt m*n4g•r•
Smtth & William•on Investment manag￿nt LLP
25 Moorgat8
London
EC2R 6AY
L•nd ag•ntleh•rt•*•d
Surv•y4v
Carttr LLP
10 Jewry Street
Winchester
Hampshire
S023 8RZ
Pa8e 3

TOWN AND IAANOR OF HUNGERFORD
TRUSTEES. REPORT
FOR THE YEAR ENOEO 31 DECEMBER 2021
The Trustees present thelr annual rep￿ togethw with tho ftnanwl 8tstem8nts of the Charity for Ihe 1
January 2021 to 31 December 2021. The Tru8tses ¢onfinn that the annual reFrf)rt and financlal
statèment8 compty wlth the Ch8rittes Act 2011, thé roqsJirgm•nts of fhe go¥8fflinq d(umonTg ond
Aeéounting and RepO￿r¥a by Chathies.. Statement of Recommndad Pr8ctle8 {SORP} applicablo lo
charlues preparlng thelr 8CCOLtnts in accordanc& wlth Ihe Fin8nc¥al Reporting StarKlard appllcable In the
UK and RePU￿1C of Ir8larKI {FRS 1021 leff8Ctivè 1 January 2019).
OBJECTIVES AND ACTMnE8 FOR PUBUC BENEFTT
Th• charitabl6 Purp￿ of th8 Town & Manc* 1$ lo manage b a889tJ, n¢x and In tho future, for Ihe
bengfft of the Inhablt8ntB ol Hungorford. To achi6ve th18. IW..
l. Pr•••ry• and protts¢t tho •rKknt Ilghts oflhe Commoners
2, Manago the land and bulldlros In a ftnandally aTrJ envKonm•ntally gUStalnable way
3. Provlde fln8nclal supwrt to groups. (ausa$ and projects. wlthin the area of benom
4. Uphdd the uniqu• tradltlons ofthe and Manor of HUn￿rt￿￿ and Llb8rty of S8nd8n F8•
The Charfty malitslns assets, land bulhjlngs. Th080 1ndL￿O Hwttage A86ets whlch undor tho
charty aecounllng nJ88 (the SORP) are defined as:
A herllage 8s88t 18 a tanolble ¢y Int8nglbl8 awt W*ith hlottylcol, art1811q 8clgntlfic. technolcgkal,
goophyslGal or onvlronmental qu81it106 that18 held and mdntaln•d p￿rIc4P&HY for It• contriL)utk)n to
kno￿0￿gO and eulture.
An a$Bet may have tho attrlbjles of a hwtt*a• a85eL for •xamk48 tt may be of hlstorlG or artlstlc
Importancè. but unlo88 tt18 a180 hobj ond malntaingd lor ¢ontrlbutJon to knowbdge and cultur8
thèn tt w411 not fall wlthln th• dofinltknn of a heritage as8
Undor Ihl8 dofirmtion th• questkin of whetr18r Ihe as86ts can be >Jld or mu81 b8 kept Trthe that arn
Integr81 to th• thartty8 wrpose (xiuld b? 8dd In exc4pdonal ¢kCuM6tan￿. The ass￿$ are as
Hunq•rford Town Hall Compl•x
The ￿rrent ￿lIdIng was bullt In 1871 ty Town & Manor and f8 av8ifabl0 to tho publ1¢ for ¢))mmunlty
and publ1¢ usè. key part ol the Tchvn & MoTr)rfs herwe. and a bulldlng that ha8 to bo retainéd,
unl988 8xcepiion81 cirGumstanGes requlT8. Th• consont of tho Charity Comm1s51on ¥¥oukl have to be
)ought for any slgnrflcant change. The building has local hl8tortcal and oJ1tr4ral value.
John O'Gaunt Inn
Thought to 13th Centyry odglns, 8rxl It has been In ownershlp of t￿ Town & Manor 8inc6 1617.
We ujrrenlly rent Inn out on a LXrn8rdal basls. Thorg 1$ publlc a￿?5$. However. It Is not of as
great hlstorfcal or cultural v8lua a8 the Trnvn HaN. Thb a886t (￿jId bo sold K roqulred.
Portdovm Common & Fr••man'• IAar•h
Parts of both 8re r¢gt8ter8d 88 'Sltas of Sped81 s￿entifiC Intwesv (SS81•) and a8 $uth are managad
under a Defra Stewardship Sthemo. Thoy are also managed 8J Pl￿11¢ open Space. POrtdTh￿ Common
8190 cKJntain8 'lynchgttas', Ythith are histcykal and protect&J romalns from medievat famiing practl¢e8.
Both Portdchvn Common and Freeman's M8rgh havé ttsn owned by the Town & Manor slKe at lea81
1552 leadi8sI r6fer8ncé). We ¢OLHd not sell trte8e assets and must maintain them a8 part of th8 higtoric
and Commoners. rights asscthtsd with them (unless the land and nghts ar6 r￿aCed). Wa hold publ
9dUGatk￿al vEslts 8rnu￿ty. for wh￿h w• roeaiv• SPO￿fiC frjnding for frE￿n Oefra.
Page 4

TOWN AND MANOR OF HUNGERFORD
TRU8TEE8' REPORT (CONnNUED
FOR THE YEAR ENDED 31 DECEMBER 2021
OBJECTIVE8 AND ACTivrriES FOR PUBUC BENEFIT le•ntlnu•d)
Harv•*• Mgodow a Eddlngton Mar•h
Humphrey Falrfax.Harvey was Conslable of Iha Town & Marnr frL¥n 1950-56. In the 197trs ha
bequeathed the Meadow to the Town & Mar￿. Th￿ 8ite Is designated as a SSSI and Spocid Area of
Con8ervation l?AC). h4 Such It is managed and rnalntain8d for sci6ntific value. This kn¢lud&s acc9s8
for res8arch and manag•d ac¢988 for th8 publk {provhJod In organlsed tslk811oursl. Th8 slte Is
mdntained for rts wldlrfo valuo (In partlcu18r the Desmoulln's WIN)rt Snail) and is aso acco68ad by bird
rlnglng profe58bnals. This ass81 bg sokl rf required.
Watsrk••p•f¥ Hou
Tbls house was bullt by Ti>wn & Manor In 1973 and was lalor extended in 2003. A workstK)p wa8 then
added In 2007. Thi$ hgu•a Is u8ed to a(r￿mc￿lI0 a Thmbw o18t8ff and doe8 not IK4d any hlBtorlc or
cultur81 vdue. 4nd th¥rofor• cO￿d be Ir rnquwed.
Th• Fl•h•ry
The Fishery ha8 been ¢)wned by Town & Manor s11￿ thfr 14th contwy. Y￿r rfvern ar• chdk Stream8,
and deemed to bè hlghty prol6ct8d hgbttst8. and ara rogislerod ao a SSSI for their scient￿ value.
Public 8¢C688 58 provK4ed through orjanlsed tslk8 and walk6. Th9 fl8hlng rights are an 86senl81 part
of the cultural hgritsge of Hungerford, The areas 01 the fishery that have o)mmonerf$ ￿ghts
cannol be sold, I￿r nkxe r￿n1 acouisltKTh of land wlth fi•hlng ¢ould potenbally be sold If
rèqulr8d.
Th• Fl•h•ry Hut•
The8e aro 8h¢d8 that ar• In on tho fer uJ• by th• IF41￿￿on. Tlw do not hold any
s￿n￿e￿nI h18torlc vdu6.
Th• Croft
The Croft was ghl•d to the Trmn & Monor In drra 1550. Ft18 IhoLoht to bo the orlglnal vlllago green lor
Hungorford. tt 18 fr*r wbllc •cco88 avamable for hlr¢. This 08881 fUAkJ not be sold.
Chamh•m Str••l MMdow•
Thesa Y￿)re acquif•d In the 19300 or*lnalty ONI rrrfxe rec￿ an 8ddthtywI 2.4 h•ctgro8 wèr0 a4ulr•d
eB part ofth8 dovdopment ol Chamham Path. In 20￿ a ftjrthar 8trip ofland wa• purtha80d for £15,745
gnd does not have any herlts90 v8lue. Pubfi¢ a￿88 1$ not permlttéd.
Hung•rford M•r•h
Hungarford Marsh was a¢qutred by the TN8tee$ In 2017. The ctharfty a￿U1r8d the land 8s a rngl8tèred
SSSI and sutsect to a I￿year Hwher Stewardship Agreement wrth Nattjral Ewland to b8 r￿duded
2022. Th• ffi$hlng Is let on a et￿M￿rCial basis.
PIGk•t Mead
Pick81 M8ad18 Sn hi8toric rxchard wulrod in 2017. Th018TrJ 1$ Th)t open trj publlc access. howev8r thg
orchard ha¥ bo•n re8t¢Yed arxl fis now usgd for th8 FycrfJuctic￿ of apple jut(% and chJ8r. Thi$ assat coukl
be sdd if rgquked.
UW$ M•adty
UndV8 Meadow was purchased tn 2018 for the sum of £131.471. Thls land adjoin8 Chamham Street
Moadows 18 16.19 hethr￿ in size and ￿￿sIsts oflovAylro w8tor maadow wrthln tha AON8. It tnelude$
8dQtlKJnal flshing the Rivar KenneL The wr(*ase [Kot￿ts axi9ting land holdiThJ8 and ha¥ potentlal
for o larger projort A f8aslbilty sludy is b¢ing undortakon to c¥)n8bJer the knger tern1 U88s of the land.
Page 5

TOWN AIID IAANOR OF HUNGERFORD
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
OBJECTIVES AND ACTMTIES FOR PUBLIC BENEFIT {Mnllnu•d)
Canal Walk
The Charlty wuired the ￿1 fyJhts bekxv th8 of Canal Walk in 2019 and land adJc4nry tha
exlsling garages for the sum of £8,0￿. This prov*J08 the Town and PlaThx wlth add￿0ftaI vehicular
acc￿ lo Hunggrford M*r8h.
HOW ThE CHARrr( U8E8 ITS ASSETS
To have fvnds to m8intsin the Charfty$ assèts and to further at4￿18 of Ihe Chaty. the Trustees
$8uJm Inrxjme from rts assets 88 fol0￿..
Portdown Common and Freeman's PA0￿ aro 8vallatrAe to b8 grazed by Commoners, c•ttl8, but where
Commoners do not tske up thelf rylts th• grazin918 let to loc41 farmors and the SylKlkat8 known BS
Hungarford Grnziers.
The Town Hall Complex Is avaSlable lo many orgonlsaUon$ for funetion$, Ind￿lIng communlty aTrJ
bu8ln8&4 meetings. w8ddknJs. axhits'l¢M, *ocial fU￿￿on$ and rota4 We offer a dl8¢ourrtsd
r8t8 to bcal re8Kl8nts. and other locA thaiitsble oryan18ati￿.
Tho Water Kgaporf8 Hou88 lo ma￿l￿1n8￿ ts the u88 of the Watw K8eDer.
The Fljhery 18 let out to 8 numb6r of md8 pay an annual Ilegrth f•0. Tha Fl8hery also
accommodat88 thè fvJhts ofth8 C(Mnmonw8 trj fl8h thr99 day8 por kntek.
Hungerford Marsh Is let Thjt to gr8zlng arKI 9180 deffrn8 Ir￿£4￿0 from •nnud rod IlrwK4 f
ChvAnham Meadows CAn bg let (Mrt frjr but18nl (wronuy.
11 Is the rxjlicy ol Tru8te•8 that, pDa811 ￿. tho •houhJ generate •urFlu8 Income to
a8Èi81 In th• runnirrfd of the Charlty and to 6nablg r( tQ 8UPm loca organlsatlons. How8ver, from tim8
to tlme defflcits may arlse due to exceplonal e￿ndItUre suth as capllal proJo¢ts or repalr8 that cannot
be spread over 8ever8i years.
ACHIEVEMENTS AND PERFORMANCE
Grant Maklhg Poll¢y
Tho Tru8t88J pr¢￿01• ¢hark8Ne purpos88 for bthfit of tho knh8bllants of Hung•rford, by the
grant6ng of donallon8 It Is consklwed approprtato. Tho totsl amount of donath)n$ m8do In 2021
were £11,1¢JO detsiled In note 5 to tho accojnts. Th•80 grants to local groups s￿n all a9e ranges, as
In pr8vlou3 wrs, and at kn¥ ￿ve[4 In comparison to prevlou8 Yea￿ 86 Covid wa8 slill lrnpacong Ic￿1
groups meelwu and hofdlng events.
Inv•*tm•nt PollGy
The Invesknents are manw on a dlstr•tiMary basis by Smith and willi￿n, the perfomiance of
which 1$ rwrawsd bIAnnL￿lty. Smith and Willi•moon F8 aulhorJ8od ana rogulated by th8 Financ&ql
Condu¢t Authority and o membor of the knoclation of Prtvate Investmonl M#n8ger8 and
8toGktsrokeTS {APCIMS). The ro8erv8s ara in¥88t8d wlth an L*ioctsw of p￿dIr@ a baljnce bglween
In￿rne and gro￿. The strategy frAl¢x¥ad b m88t Ihts obA8ctfve is Thw&skn•ni In a mulfj-8s￿ portfolio,
Intended to offor th¢ potenttd for grealer retums Ihan cash and ￿ed Interest alono by Indudlng Ilmrt8d
amounts of equits8s and altematwe investrnents. Performance of [￿10110 l# measured against the
FfsE WMA Stock Mathet C(m￿Native Index (Total Retwn).
Pa8e 6

TOWN AND IAANOR OF HUNGERFORD
TRU8TEE8' REPORT (COIfflNUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
ACHIEVEMENTS AND PERFORMANCE (¢ontlnu•d)
Publlc Banofh
Thè Trustee8 are contlnualty engagèd in endeav(Mrriw to tmnota U)? charitabb works of the Charlty
wnhln HUng8rf￿d.
In wnsid8rfng Iheir act*vittes for year tho Trustaos have had r•gard to Chaty Commi85lon guldan¢o
on public bon9fiL PortdI￿n Comnbm and Fr99man's Marsh are freety availabl8 to the public for
rèctsaUon81 us•. Local Inhal￿tants and oryanlsatths wlve d18￿Unts on hlring fts8 for the Town Hall.
The Tru$te8s lease land to both the local fwlball and cric*at dubs, 08 well as to other local assets
such as the skats park and war mémrial site.
Con8t•bl•'• 3tat•m•nt forth• Y•ar
The year èndod D•comb•r 31st. 2021. ba￿ a busy and chaNenglng oné wllh tho ongolng
Covld-19 pandeml¢, and th8 Imp8cI of global pres¥ur8s on tho gCon￿y. The Tv•vn and Manor has
rornalned true to cOmmkn￿nts to suppcrt the communrty and envlronmant of Hunggrford. We
COn￿nvO Iwjs on malnlalning larKI and updalliKI ¢yJr bulhjkngs for th8 ben8fft of Ihg
r8sktenls of thè town.
Slmllarty, the markets that vnre mardhalled èffeGtfvely durlng thè hebhl of Covkl have b¢nefitted from
gome of the ￿nCernS over indcmx SI￿ppIng. a r08utt. wè have 8gen ttjnllnued 8u¢ce88, aiid thè
numbor of 6tall8 h88 orown maknng It on attractlon for T¢y•m and communlty. Th18 Is a great we8kly
markol, and l Ém d8119hted wtth Ihe 8UPPOrt tt has rec•lved over thè L48t y•ar from $tallhold8rn and
v1611orp allke.
Unfortunaloly, we fw sean a d•dine kn ￿ k*om• for the hlr• of Ihe T(wn Hal ov•r tho last ￿r,
8om• of whleh 1$ du• to thg pandemfG but al￿ duo to some major flofyjlng which 16 in the proc•$$ of
belng repaired and11 has glven us thg opportunty to upgrade Ihe dec*)ra￿On throughout the building and
we oxpecl to a rolum to pre￿0￿1 hlrlng levo18. along with the potenual to promote the fadlitiefj for
more hlgh valuo gvonts s￿h as wtrjdlnp.
Our In(x)me from Fl$hlng was gtsjd durfng 2021 and wern able to make a small Incm88 to tho
number of pgying for Iho year. had a g)od numter of book￿ guost tlck•ts, and w8 h9Vè
managed to maSntsln a h8atthy w8Rlng 11gt for th• fu￿r•. Th18 yoar we wero InvrAved wlth 8 proJOQt
named Sparkllng Strgamg. Thig 19 a profftd fund￿ by DEFRA arKI The Naknl Lottery Hedtsge Fund.
gnd wo Are worknng in partrw8hlp wltrt th• North Wg86ox DtrNns AONB. Ackn for the Rlvw Konnat
IARKI and the 8outh•m Streams Fannors Catchmgnl Group. Our elèmgnl of the prolect 1$ lo optlmi#e
flows and Improve habttat 81ong trle Ri￿r K0nno1 UF*troam of Eddiryton Mlll and rfr￿nnect th• K8rml
wrth the watenne8d(yw known as Undqs meadow by re(%￿8¢￿n9 the Nstorfc channei be￿n tho hvo
8itsJ. Not only WYI thls Improve rlverfn8 h8t41at but dgo r￿UC•11¢K>jln9 downstream. By Groattng bomiJ
arKJ me8nder8 on the maln d)annel, Vlith reprofiling th8 reeenty purcha8od Fak8, thls has
8lgnlficanVy Improv•d the qu811ty of tIM s￿1 bockwater ha￿at, ￿leh thg 84 had pr8vkw8ty dasjthj
as poor. Thi• prol9Ct rnn alongsidè luThthr#J from tho U to uoate fi*h pa$8498 vla tha rtrconnactfjd
hlstsrfc thannol, followlw th• collapse of the welr strucbxg at Eddlw Mlll In 2016. ThIB proloct was
Ily Supported by the Envlronm8nt (EA) arKI Naturd England who have endors•d
tho work8, and thgoe organ188tioro are k•y stak8trKthr8 In our envlronmenlal and (xjnseryatlon
work
Th8 slta known as UndY8 meadow, whk* was purchased in 2018,19 belng considered as a Fthnl
wevand proiert and it Is 8nticapaW ihat this wll indude an education centre to te used fc* scho￿$ a
th8 local communty. We have u￿lertaken a scxjping strjdy aThJ plan to Corn￿te a feasibility study and
d¢tailed deslgn 88 part olthe Sparklir¥J Streams
Page 7

TOWN AND MAPK)R OF HUNGERFORD
TRUSTEES, REPORT {COPfflNVED)
FOR THE YEAR ENDED 31 DECEMBER 2021
ACHIEVEMEpifs AND PERFORMANCE (contlnuod)
Constabh'$ Stat•m•nt for the Year IGonllnued)
The Town and MarKJr charity has made a slgnMl¢ant nunknr of (%)nallong to10¢g1 group8 and charttles,
InclLtding sports dubs. arts and theatre grwp8, and educational support charrbes. The TO￿ and Manor
has also donated to the local Youlh Club. Hungerford Town Band as well 88 supp)rting th6 Town Counc
wlth th8 Christmas Ikdhts, and the kx41 Chanknr of Commwee wilh thalr amu￿ Chriskna¥
Extr8vaganza.
FaThers We￿ once agaln Invrtsd to graze thèir cayle on our common knnd and whHsl number8 wère
lower Ih8n pr8viou$ yfyars, the ¢8tlle did wdl over th• soason, d98plle a fffiv i88UQJ Gareless drlvars.
D8spile th• dry c￿dItIOnS we had a succe¥sful ¥ea80n.
Th• Board ol Tru81•¢s we tIMiard• settlng the 8trabJy 8TrJ roadmap for tho ya8r8 ahead, I
belleve 8trongty we have a gr881 t68m to iead th8 T(￿n and M8f#)r i)ver lh• ngxi 10 year8. All Ihis work
18 funded by inc4Jm• ral8od by the Ch*ity through Its a￿1 assets, at no co8t to thè rn&d8nts of
Hungerford,
I'd Ilke to thank our CEO, Tw8tee8, Staff. and vdunlrn for Ihelr hard and harp over Ihe year aThJ
I look forw8rd to Ihtr TThvn and Manor o)ntinulng to detiver b8neffits to Town of Hunggrford a￿1 the
surroundlng 8r•a whl¢h ¥ils in th• of the North Wo98•x Dm AONB.
FINANCIAL REVIEW
R•••rv•• Pollcy
The ch8rltable obJ8¢1 of Ihe charfty ts to promote aThd provld8 grants for tho Inh8bttants of Hungorford
and the Liberty of Sanden Fee.118chth8 this through Ihe wdont managomeN of Its lands, bulldln93
and finances. It m8lntain$ r089ry08 th8t ar• fragly available operaUng wrFQ$88 not 8ubj6cl to
¢)ommltffl•rrt81 plann•d expendrture or 8F*ndlry Ilmit&
The reserves we malnlalned to COV6r pthntW futur• rlsks:
SlgnM*cant loss of income- lh8 ftstwy to poUutk)n or a drop In watsr l•v•l6: tho land duo
to factors b&yond our control, for examkqe 8 f(￿t and rn￿rth outbreak.
Changa$ In g¢MrTrmgnt pollcy rnlating to ￿ grants 8vall8bl•.
sor1￿8 and Immedth need frJr repairs to Ihg Tuwn Hall ComrAox. not e%)vernd by In8uranc•.
Rl•k•
Th• key rl#k¥ that th• Ch•rtty fac•• •r• m•nag•d •• follows".
Property Rl•k: Th• hard ty lh• Charrty cc¥Jd thr 8lwlTrxnt damage or need malor r8palr.
Calastrophrc events are Insured for, and reservos ar8 kept lo de￿ with any ropglts needed at short
noiicé. Th8 m06t signlftcanl risk is thè Town Hall fry whk* fijrthor eon$idoratSon 18 made to ensure In
th8 long Igmi thls buildlng iq malntalned to 8uffic10nt 8landards. Th8 bulkllngs are Insured for the nomwl
eomm•r¢l#l ri¥k•.
Inv•¥tment Risk: The resgrves h8liJ by the Charity are e98enUd to ka8Fty rt in a 8￿Ur0 PQBttlon Should
any sedous inodents affoct ￿ flnanc4al FX)sityon. Investments are rjjrrenlly hold vllh an approved Fund
Manager (Smith & Wllllamson) and are regularty reM¥*J. On A quartety basis, the investment relurn is
rovlow￿, h￿th an annual review with th8 Investr￿n1 mana99r.
Page 8

T0%*74 AND IAANOR OF HUNGERFORD
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
FINANCIAL REVIEW (¢ontlnu•d)
RJsk• (contlnued}
Incom• Rlsk: The Charity is heavty depoThJent UFKM income from lh6 Flshery for Its financlal stablllty.
Thls income can bg affected by evonts on the RNer Kenne( such as Wlutlon or droughL Th8 TnJ$t88S
work lo address thwe riskswhere they arg within their contrcA and also contribute staff and managament
resour¢es lo vwlou8 8chemes to Improve the Kennet through trganisatlons such as A¢tlon for Ihe RIv8r
Kennét. Natural England, Spathling Streams and the Envlronmonl Ag•nGy. The reserves are maintsined
to a Sufficient level to provKkn a buffer agalnst a *nifKant or sustalned h) Income from tho Figh8ry.
FlnanGlal r•vlv# for th• y•ar
Tho account8 8howed a nat suWus of £36.460 plus a n&t on Inv88tments of £74,550 glvlng an
ovorall 8urplu8 of £111,010. V8rknu8 govemmént C¢y4*J grant sch0Th8 Ilyjsingss rate8, CJRSI c8rtalnly
holped to ojntrfbute to thls sU￿L￿. but Ihore was $vJThficant Investrn8nt in répalfs lo propaty 88tste.
Tha Covkl-19 criqis ha8 aff￿tfjd the wlth the closure ofthe T(p•m Hall and 8 delaygd 8tart to tho
Flshery openlng. The finandal Impaca has been that eortdn oxp8rw8 hav• nol been Incurred, S￿h a8
Hocktkle. resulting in an Incre88ed 8urpbJs for ￿ year.
The charfty fulty •xpeet81o weath•r the w51h mJnSmal Impacts.
STRUCTURe, 130VERNANC2 ANO IAANAGEAIENT
ObJ•GtIv••
Thg Tru8tsa8' obJo¢tive Ss to run Chvlty wlth a 8maH $urplu8.
The Govornlng Dwument ofth8 Charty is based on a Charlty Commisslon Sthemè datèd 9 May 1990,
amendecl and authorised by the c￿rity Commlsshjn cffl 30 May 2012. and aFPrOv￿ ty the TnJst888
on 9 SepteM￿r 2015. Thls Sc4*me r8Fdoced a Stheme of11 F•t¥uary 1908.
On 20 November2018 a Jupplemental doed wa8 submfrw to and approv8d by th& Charfty Commls8lon
to amen*J dau￿ 25 Oftt￿ Sthemè. The Arn8ndm&nt al0￿ for a varlatlon In Iwwth oftemis ofTrusteoB.
The Objects ol the Charty ar• l••J dcmn in tho Govomlng DocThnt 48..
l. The Otyect ol tha Ch81ity 8hall b• to auch chwhable purp0888 for th8 bonafit of tho
Inhabttants of the 8rea of l)onofft as the Tru8te88 ahau frThn tirro to Ilme d8clde.
2. The larKI logèth8r wth Ihe buildlngs th8reon sh•N bg h•kl upon tN8t frrf the us& ol the Objecl of
th6 Charity. provhtsl that ff and in 30 far as tha said land and bulldlngs aro not requlrod for u88 for
the Oty'6¢t of th? Chadty Iho Tru8tee3 may let aThl otherwlse manage the sa￿.
Thern are lew re8trtdkJn8 imp0s0d by Ihe Govemlw DcoJmgnE. but tho Tru8to8g shall not. without iha
ganthn of the Commfssloners LY a competent courL créate a ionanw wlK)lty or parily in consideration
of a fine or for 8 larm 8nding more Ihan 22 ￿8T8 after it is 9rant&d or for le&s than the best possible rent
obtainabta. In addition, the Trustees shall appty incorng of the Charty direcdy in reli8f of rglos, taxes
or other public lunds, but may aptty incxm SUN￿8￿￿tIng rolief or as$istsnGe provided out of publlc
furKIs.
Page 9

TOWN AND MANOR OF HUNGERFORD
TRUSTEES, REPORT {coTrifttiuED)
FOR THE YEAR ENDED 31 DECEMBER 2021
STRUCTURE, GOVERNANCE AND IAANAGEIIENf {condnuod)
R•¢n411m•nt and Appolntrn•M ¢>f N•w TN*t••8
The Charity is run by 4 ixhjy of T￿￿te*S whlch, whgn constst8 ofa mlnlmum of twelve and
moximum ol fourteen cx)mpetent person5 as foNows'.
1. Ten Trustees aro elected by thè inhabitants of tho Tlthlng of Hung8rford and Tlihlng of
Sanden Fee usualty on a thennial basls.
2. Two Ex-offlclo Trustees, belng ￿ Constable, of the T￿￿n and Manor of Hunggrford and the
Constsble Elect. The Constable Is 8ppdnted annually at H(￿ and Is aLrtom8tlcaUy the Chalr of
all commht88S.
3, In addwon. thé Tru$ts86 arn pemihtad up to fv•YJ addltk)nal Tru8too•.
Inductlon and Tr•lnln9 01 N•w Trust•
Wh&n now trustees are elected thay are Intr￿JUc¢d lo the acllvllles of lh8 Ch8rfty by being pmlded wllh
CQFle8 of th6 Charity Commtsskjn Sch8me. recorrt account8 8nd r8l•vanl docum8ntallon, 88 well as
belng brfeled on the duties 01 a IN8tse. It Is r•¢ommanded that Tn￿e63 are rnembers of at least on8
Organl••tlonal 8tructur•
The Ch&rty18 njn ty a 89rl88 of c0rrffi1tt￿'.
Th• Board of Tru81e88 ￿kh moots monthly
The Bulldlngs and Markedng Commlttee whth rrwts ovory Ol￿r month
The Fl8hlng cornm￿100 %thl¢h m••ts èvery othor month
Th• Land Manag•monl ond Commons ComnNttg9 Ythith every oth•r rrwith
The Flnance Commiuge Fneets m￿tNY
Egch Commltteé r8port8 lo the Board of TnJstso$ a6 a vthole ￿ a monthty ba818. The Chadty Tru8te89
who during th• ftnandal year {aTrJ th•n date of *nlng ofth•g0 account81 are 88
follows..
Mr B Mayhew
Mr G Furr
Mr C Scoroy
Mrs F Hob80n
Mr P Porter
Mr J Wemare
Mr J Dicklns
Mr J Dat)nl¥
Mr P Jowh
Ms J Lloyd
Mr S Lè&Smilh
Ma K Edward¥
MrA Fyfe
Mr J Taylor
Mr T Bossom
Mr8 8 Barr
Mr R Hall
(arryIn￿ 13 Aprll 2021)
lapwnted 29 April 2022)
{appolnt8d 21 20221
(apwnled 21 June 2022)
(appointed 21 June 2022)
{appoinlad 21 Jun• 2022)
(resigned 7 June 20211
(resl9ned 29 Aprd 2022)
{résigned 15 (knbor 2021)
The Chief ExecLrtNe to the TnJstee8 18 Ellte I)￿kIn$, her 8d(tress th8 registered offic* of the
Charty being Th• T￿¥Th Ham, High Street. Hungerford. Berkshlfy. RG17 ONF.
Page 10

TOWN AND MANOR OF HUNGERFORD
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
STRUCTURI GOVERNANCE AND MANAGEMENT {contlnued)
Rl•k Man&g•m¢nt
The Truste08 have assessed thg major rlsks to whl¢h the charrty is OXF￿sed. In pathular those rolaled
thg op•ratlorn and finance8 of thè charity. are Sat￿ thal 8ytslems and procthJure8 ar8 in pla¢0
to mltlgale our exposure ts the major r18ks.
FUTURE PLAN8
The Tru8tèe8 havè amba￿ed on 8 pr¢¥rnmmg to m¢JJwnl8e the op8ralk)n ofthé Chartty 8nd havo mado
gocd progr988 in th18 area through the CEO and the th urthrtakan in th• year. The pro¢e68 of
modemlsallon wlll ¢ontlnu8 as ts Chahty e4)ntinue8 to improvo it• worklng Voc•$￿.
Un¢JYs Moadow ￿11 b8 8 prr4oCt for 9ovor81 yaar8 to eom•. Tha fea8lbAIty study was undertaken In 2021,
and subject to tho eucce￿ of awardlrnj of grants. the Tn￿8 would Ilke to 889 thls proloct taken lo
fvlfllmanl. along wlth other rtver and ¢8tchmen* ￿￿rkS to Impr￿ th8 qualty of the chalk str6am rlvers
Shalboume, Dun ar￿ Kennet lo en$ure gr•ator ac(￿￿1¢al Improvem•N and restorky rlv8rin8 habltat
8tatomenl olTru•t•••' r••pon•lbllltl••
Tha Tru818es 8re rospon8iblo lor prepartng TruJleo8' report and the flnan¢tal 8tatemonts In
aeeordane? wmh applicable law 8rKI Unttod Klngdom A¢Gountlng Stsndards (unit￿ Kngdom Genorally
Acceptod Aceounung Practtcel.
The law appllcablè to charlUe8 In Eng18nd & W8108 r4qulr•8 the TNgtO6• to pr•pw• finan¢lal #tatem8nl
for each flnancial yvr %thlch glve a truo and falr ￿¢W of tho state of affalrs of Ihe Chadty and 01118
Inwmlng r•gourc•s and appllGalton of reswrc8s. I￿udIng h8 Inethiè and oxpondlturo. for that
perk￿. In prepaflng tsse flnanclal stat•ments, ￿ Trusto98 aro wulrod to..
8èf6¢18Uitat40 acc￿nI￿￿ Wld•B 8nd thon awy them coMl8tenty,
ob8orve the m8thods and prndples ol the Chartties SORP {FRS 102)..
rneke ludgmonts and acwunllng 8stlmales that ar• ro88on•Na and prudent
8tsts whether applicablè UK AcrxwntiThJ St8ndards IFRS 1021 have b•en follcwod. •ubJect to any
m8teri81 dep8rtUrn8 di$c408ed 8nd explain¢d in fln8ndal slat8ments:
prepare thg financlal 8tstfrr￿nts cn the golw o)ncem t*sLg unlo98 InApprowhta to Pr￿uMe
thal the Charlty wlll convnug In buWn•8#.
The Truste88 8r8 re8pon8ibfo for k8eplng 8d•quat8 a¢wJnUry r•cords that are 3ufflclent lo shtrw and
•xpSaln the Ch8rty3 trans￿￿On$ and dlsclo88 wlth reasonabb accurdW 81 Any ￿rna th• fin8nclal
posltlon 01th8 Ghartty and enab18 them to ensure thai the fina￿￿al st8tem•nts eompty wfth the Chahtles
A￿ 2011. thè Charity lActx￿nt9 And Rèport*l R•yulatlons 2008 and thg wovlslons ol Ihe Gh8rlty
Comml8$lon Schem?. They are also resp￿SIbl• ftK 6afoguardlng thé assels of the Ch8rtty and hèncè
lor taklng roasonablo 8t8p3 for thè ￿￿ontIon arKJ detecum of fraud and oth•r Irrogularttl88.
Approved by t)rdér of lh6 memb8r8 ol the board of Tru#t8os and slgngd on thair behalf by:
Trustae. Constable
Page 11

TOWN AND MANOR OF HUNGERFORD
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Ind•p•nd•ftt •xamln•ff8 report to th• Trusto88 of Town •nd IAanor of Hungorford (Ih• Charw)
I repyt to th8 ctsrrty Trustees on my exarninatk)n of the aCc￿nts oftho Charfty for the year ended 31
Doe8m￿r 2021.
R••pon￿bIl￿lO8 and b•41s ol r•port
A8 the Trustees of thg Chartty ycwj are reswn$￿8 for prnparatth of the afxounts In accordance
wlth the r8qulremgnt9 of the Charltl88 2011 Ilhe 2011 Acr).
I report in raspect of my examinatlon of Iho Charity's accounts c8rrlgd ¢)ut undor 8ecUon 145 of the 2011
AGI and In carylng out my gxaminatkn) I have fouowod the applIcatr￿ Dlro¢tion8 glven by the Charfty
Comml881cm under 8ectlon 145151(b) 01 th6 2011 ACL
Ind•p•nd•nt •xamln•f• •t•t•m•nt
Slnce the GhaiiV8 gr088 Inccrfno •XC40dod £250,ofxi your oxamlrnr must be a Thmber of a body Ilsted
In socllon 145 of tha 2011 ACL I conllmi thal l am qualffiod lo undertakg the examlnalk)n lJ8caus8 l am
a m•mber ol the Chartered In8Ututo of Management Acc￿ntants. whk*18 ono of th8 518tgd badl￿.
Your attentlon L8 drawn to the fact that the Charlty has pr•par•d tha acc4)unt8 In acwrdance wlth
Acwuntlng and Rerrt)rting by Chartt6es: St81gment of Recommènded Praciice 8KIIc8bl8 to Cha￿tIo8
pr8parfng thelr accounts in e￿Ordar￿¢ wlth Ihe FIna￿l Re￿rIlna Standard appl￿b￿ in the UK and
Rewbllc of Irel8TrJ IFRS 1021 In prefererKe to the Accounung 8TrJ Rep)rtlng by Charl￿98.. Statement of
R8¢0mmend8d PraGtrce F88uod on 1 Aprtl 2￿5 whkh ￿ referred lo In tho exiant rggulatlon$ but has
been wtthdrawn.
l urKlerst8nd that this ha8 boon do￿ in ordar for the accounts ￿ pro￿￿• a true and lalr vl8w In
ac¢ordance wlth th• Generally Acc¢pted Accountlng Practk* dlectlvg for roportlng pgrtthJ8 beglnnlng
on or after 1 Jawary 2015.
I have completed my fjxamtnallon. l e4)nfirni that VK) matt•r• h8v• wme to rny attenlion In G￿nectIon
th th• •xamlnalion givng m• Cauw to bolfj8ve that In any materlal respecL
aceounung re¢￿dI w¢rv not kept In respect of the Chwty as r•quIr￿1 ty Sedon 1￿) of th• 2011
2. tha accounts do Mt accord thoM r•cord8.' or
3. the a¢¢ounts do not cOm￿Y wrth tha applkatda rgqulremonts conwning t￿ ftxm and contsnl of
accounts $91 out In Ihe charit￿ {Acc￿nts ReFats) Regulations 2008 other than any
requlremenl that the accounts glve a Irue and f8le vlew ￿1¢h Is not a mattar ￿nSIdered a• part of
an IrKJep8nd8nt exornlnauon.
I hav• no concgrn8 and h8ve corrw> a¢ross no other matter8 In ¢￿¥￿ctIon wlth the examln8tlon to wthlch
attantion should b& drawn In th1¥ r•pgrt In ¢xder to enatde • rKorw undgrgtandlng of tha 8ccouni¥ lo b•
reaGhed,
Page 12

TOWN ANO MAP40R OF HUNGERFORD
INDEPENDEKr exAMINER'8 REPORT (CONTrNUED)
FOR THE YEAR ENDED 31 DECEMBeR 2021
Thb mport Is mad8 solely lo the Charivs Trustaes. as a INYJY. in aCc￿￿an￿ with Part 4 ofthe Charltle8
(Accounts and Repcmts) Regulatlons 2￿8. W work has been undertaken $0 that I mlght 8tat8 to the
Charty$ Trusloes Iho8e matter8 l am rewired lo $&te to them in an Ind8p8ndant oxaminefs roFX)rt and
for no oth8r purpose, To the fvllest extent P8mitttad bylow. I do not a¢¢oPt or a88ume r88ponsibillty to
anyon• other than the Charity and tha Charitys Tru8t8es a8 a b•. for my work orfor thi8 r•port.
Slgnod..
Datèd: 8 S•ptsmber 2022
Vl¢torfa Wagg A¢*ca
P•nth•rn Accountlng
Management Accountants
62 Foxh811 Road
Dldcot
Oxfordshlr•
OX117AD
Pa8e 13

TOWN AND MANOR OF HUNGERFORD
STATEMENT OF FINANCIAL ACTIVITIE8
FOR THE YEAR ENDED 31 DECEMBER 2021
Unr•8trfct•d
Funds
Tolal
Fund¥
2021
rot81
Fund$
2020
Incom• from:
Chadlable advttl88
516,655
516.855
303,660
InVestm￿ts
13.601
13,001
13,474
Othar Snwm•
30,869
30.88•
40.644
Trjtal Incoffl•
Exp•ndI￿[• on:
Raisin9 fvnd8-.
Invoslmont manAgbment fvndj
Charftable a¢tlvllkns
4,086
8.560
$20.579
820.679
288,988
Total •xp•ndltur•
297 518
N•t Ineoffl• b•for• n•t galn•
on InvMtsn•nts
60,260
Net galns on InvestmeN8
74,WJ
74,560
959
N•t mov•m•nt In furbd•
111,010
81,219
R•con¢lll•tlon of fund•:
Tolgl fund8 brought ffftrd
Net movemént In fvnds
1,093.643
1,093.643
1.032,424
111,010
111.010
81.219
Tot•1 lund• ￿rrf•d fortvard
1204,653
1,204.653
1,093.643
Th8 Statemènt of th8n￿ 8cthMl8s hKILKlos a19alrrJ and bxsos fa¢ogrsk8ed In the year. The
notes on pag88 17 to 33 fcffm part of finand81 statem8nts.
Pa8e 14

TOWN AND IAANOR OF HUNGERFORD
STATEMEKf OF FINANCIAL posmoN
AS AT 31 DECEMBER 2021
Not•
2020
Flxod aM•ts
T￿n￿blO a889ts
12
283.947
264,541
Heritsge assets
13
406.154
406, 754
Inv•8tm8nts
14
54852
461,358
13149S3
1, 732,053
Curr•nt ••••t•
Debtor8
15
197.592
66,688
Cash at bank and In hAnd
141479
T8.970
Crgdltor8.' amount# falllng
du• withln ong y•ar
340,071
I￿858
le
313910
179 791
N•t curr•nt
{Ilablllltl••y••••t•
Tclal a88et8lo￿ curront
Ilabllit588
1,097,920
Cr•drtor8.' amounts felllng
due more than oné yaar
Total nat ••••ts
17
(38881)
(4,27T)
12H6S3
1,093,643
Charlty fvnd•
Unr98td¢tsd lund8
18
1,204,8S3
1,093,643
Total fund•
1304,6S3
1,098,643
Th• flnanclal statomonts wern •pprovod and aut￿rISod for Issue ty Ihe Tn￿0$ and sbgnad on Ihelr
behall by..
oseph
Trusl8e, Conslable
Date:
The notes on pages 17 to 33 fonn part otthese fina￿81 statomgnts.
Page IS

TOWN AND IAANOR OF HUNGERFORD
STATEMENT OF CASH FLOWS
FOR ThE YEAR ENDED 31 DECEMBER 2021
2021
2020
Not Cg8h u8od In opJrntiThJ athtEIo8
18h flow• from Inv•4tlng actmu
DlvkJand8 and int•r88t Inva8tments
Procgeds from the Sala ol t¥￿Ible r￿ed a88ets
Purchas8 crf henlage 8888ts
Purchgse dtan9I￿• fjxed as89
Cash wlthdrawn Itom Inve8kn•nts
21
15
114
8.250
(153,461)
11982)
N•t ￿•h (u••d Inyprovld•d by Inv••llng acU¥lll••
Cmh flow• from flnanelng aetMU••
Cash Inflow8 from now boIrTh￿r￿4
Ngw finence lea¥eB
50,000
Rapoym8nt8 ol Loa
14.n4)
Rfjpaymgnts offinan￿1088Q6
(6,905)
(5,905)
N•t ¢a•h provld•d by fln•nelng •¢ll¥ltl••
Ch•ng• In fA•h and cmh equlv4lents In th• ymr
Cash and cash equfvalents at Ihe beginning of y82r
63.569
1,592
78,910
77,318
¢a•h and ¢Mh •qulval•nt8 at th• end of th• y••r
The notes on pages 17 to 33 form part Orthe￿ financial state￿￿nts
Pa8e 16

TOWN AND IWIOR OF HUNGERFORD
NOTES TO ThE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1. Accountlng Pollcl•s
1.1 BMI8 of pr•parntlon of flnanelal •t•t•m
Tho fl￿r￿481 Jtattsments have prep8r8d In accordance whh the Chv4rt16s SORP IFRS
102) - AcLountSn9 and Rgwrts'ng ty Gharitie8." Sta18ment of R8¢ommèndad Pra¢tico
appllcable lo charitles prepartng their accounts in aceordaneo ¥￿th tha Flnanc481 R*porting
Stsrtrdard appllcable In the UK and Republ￿ of IrgL8nd IFRS 1021 (eff•cUve 1 January 20191,
the FSnÉndal R8portiTrJ StarKlard applle4ble in the UK and R8publlc of Irdand (FRS 1021 and
Charl￿•5 Act 2011.
The flnandal slalements hava been weparÈd to give a truo and falv vlew and hgve deported
from the Charhiès IAccounl8 8nd Raportsl Re9uSation8 2008 only to the exient requlred lo
provk19 a ond fai￿ wew. Thi8 d•partura has In¥olv&J ￿lOWIng tha Charitiès SORP IFRS
1021 Pu￿1¢hed on 16 July 2014 rathgr than th• Accounting and Reportlng by Ch81it18S.'
ststament of R0￿mm￿nded Pradtcè effective from 1 Aprtl 2005 which ha8 sln¢g bean
wthdrawn.
Town and Manor of Hungorford meets tho dafinitson ol a publlc bgnefft 6nttty und•r FRS 102.
Assets and Ilabllttlo8 are in￿￿llY recognlsed al h18torkd or transactlon value un18S8
olhtTh¥i8e 8laied in the relevant acg)unts'ng poIIcy.
1.2 Fund a¢¢¢)UMlng
G8narg1 fiJnd$ are unre8lrlcW fund8 whth are avallalle usè al th• discretlon of tho
Truotooa In furtherance of the generd obl8clve8 of tho Charlty and whkh hav& not boon
dgjlgnatod for other purpoJe8.
Inve8tmont IrKome. gaSn8 and k)8aes are dlocat•d to th• opproprlots lund.
1.3 Golng ¢on¢•rn
Tha truste•8 have cxjn51der￿1 the Impact oftho global Covld-19 pandemlc cm the abllity ol the
charlty lo coniinue trading for th• for8seeaL4• fiJtur•. Thls revknv ha¥ Induded wn8klerlng th8
Impac4 of tho pandgmic lo th• dat• ol •i9nln9 th? flnanGtal staiem8nts. Based on thi8 review
the trusto68 bglhv& that tha flnanclal statements have baon prap8r&J 8ppropri01oly on th•
ng ¢orK•m ba81s.
1.4 Incom•
All Incom8 ts roc0gnL8￿ onco thg Charlty •nknt to th6 kncThie, Irlg probable Ihat the
Incomo wll be rtteived and tho amount ol re￿￿able can b6 m888ur8d rella￿y.
Incomo ts% rec4)verabl8 In relatlon to invostrnort Inc4)m• is r9￿￿80d at the Ime the
Inve8trnont Incom• i• rrt•tvabh.
Other Income is re￿niSed In the FWh)d in It L8 reC¥W)￿ and to the ay￿nt th• good8
hovtr been provided or ofthe serv￿.
Page 17

TOWN AND PIANOR OF HUNGERFORD
NOTES TO ThE HNANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
I. AGGOUntlng ￿lIcI*S (eontlnii•d)
1.5 Exp•ndltur•
exp•ndrture18 r8cognwd Oft￿ there Is a bgal or cffistrucuvo obligallon to Iran8fèr •eonomie
bonefft to a Ihird party, it Is prcthblo that a transfer of e¢c¥)omi¢ ben•ffts wlll be required In
8etdement and the amount of tho oblogation can b• mea8ur•d rdiably. Expendlture Is dassFfie(I
by 8ctivlty. Thg c08ts of each 8thity aro mado up oftho total ofdirect rAJsts and $hared o)sts.
Indudiro 8UPPOrt cost8 invow In undgrtaklng each activity. DlraGt costs attrtbUtat￿8 to a
singl8 athty are alloc4led directy to that a¢tsW. Sha￿￿ C￿ts which contrfbut• to mor• than
one advlty arbd Supr￿ o)sts whlch aré not attrfbutable to a 81ngle 8dvlty are apportlon8d
belween those actfviti8s on a ba81s con86stent with tha u88 of ro8ourc88. Central Staff c¢yJts
ar¥ allctatwj on the basis of tlm• •p8nt, and depr•dalk￿ auooatod on the portlon of
Supp￿1 CO8ts are thos8 costs irK#Jrrnd dlre(*y In sukwt of oxpenditur• on thè obJ8Ct8 oftho
charfty and Include project man8oemenL Govem8nco (xxts are th08e inGurTed In connoctlon
with 8dmln18tr81kn of the Charfty and complianc• wlth ¢onstllulh)nal and slatutory
requlremanl8.
Costs ofganeratlng funds aro c*)8ts In￿r￿j In a1tr4ctlw voluntary In¢omo, arKI thoso incurrod
In tr8d¥& actfvW88 thAt raho funth.
Ch•rilèbl• actfvit198 and GoV￿ne￿ eo8ts ar• costs Incurred on ChwW8 op8raUon8.
Includlng Support costs and C￿ rolotlng to the govemance of the Charlty 8pporUonod to
¢horrt8blo 8Ctlvltl••.
Grants payabl8 ara eharyd In th• tha offer Is made oxcept In th06e cases wha
the offer 58 condrtional. 8uth grants bthng r•co9nined a8 expendmure when Ihe condillons
altachlrva ar• fuifilled. Grants offered subject to COndrt￿r￿% whlch have not b88n met at tha year
ond are noted as a commrtmenl, Ixrt T￿1 aceru&l as exp8rKllturg.
1.8 Gov•rnm•nt grants
Govornment grant8, Inc4udlng Covi&19 related grants. ar• erodlw to the Slal•mgnt of
flnanclal a¢tiviUes as the related exF4ndlluro 1$ I￿rTed.
1.7 T•n9lbl• flx•d a•••l• and d•pw•¢latlon
A revlw for Impalrment of a fixed assei ts cathed out K events or thanges In clrcum#t8ne•$
Indkats thet the carrying value of any frxe(l asw may not b8 rgcovarable. Shortfall8 ba￿Ve8n
the carrying value of ILx&J assets and their r￿ver$￿e amount8 are re¢ognl88d as
Impami8nt8. Impairmént Iosw aro rwni8od in tho Slatomen¢ of lknanow 8clMleJ.
TangikAe ftqod assets are camed ￿ ¢c61. nel ofdetmiakn and any provisK)n fc* Impalrm9nL
The Iru8ts88 IX•nshler that thè fre8hoJd propgty 18 maintained in 8uth a state of ropoir that ils
residual valug is 8t least•qual lo rt¥ nel bwk value. AS a r8suII. the corr9sponding d8pr6clation
would rh)t ba matwlal and therefore 15 not thar9ed In the Ststement of Financlal Activltles.
Motor vahkles are depwlaled at 8 rnt8 of25% using the rwjuong ￿anc6 m•thc*J.
Page 18

TOWN AND MANOR QF HUNGERFORD
NOTES TO THE FINANCIAL 8TATeMEiifs (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
l. A¢¢ountlng pollcl•s (Mminu•d)
1.8 H•rltsg• a••ots
Th8 h$rtta￿ auets repro8onts land and bu￿rn98 In HUngarf￿d. Tha assets con818t of
Hungerford Town Hall Complgx, HuWrd Portdown Common Fr8omsn'8 Marsh,
Harvtys Meadow, The Fbhery. The Croft. Hungerford Marsh, Pickèt M&ad and Eddlngton
Mlll. The 884ts ere Sncfuded kn the balance sl*el at C08t.
The 8588ts are deom8d to h8Vo an ind6fmitè usolul lrfe arKI therefor8 depre¢6a￿Qn Is deemed
to bo Immatèrial. Exp8ndibJrn which Is rgqulred io pre8eNe or malntaln tha 8ssets Is
racognised in the Slat8menl of FinanGla Activliles when tt Is IrKurred. The managamenl policy
in re8pe¢l of hodtage a88ets 18 8ummari6od note 13.
1.9 Invwm•nts
Fixed a86ol investments are a fcym of fina￿181 Instr￿m¢fit and are intttslpy r8cognls8d at their
Irgntsactlon co8t and $ub86quenty measurv*J al falr valuo at thè Balanco 8hool dats. unlè98
Iho valué cannot bo me8surfjd r8fiabty In which case It ￿ mea8ured al cost less impalrm6nt.
lnves1rr￿l galn8 8nd lossès. %*b8thgr re811ged or unr•allsod, are comblnod and pr8$ented 88
'Gatn81(Losse51 on Inv•strnents' in tha Slalgm6rrt of Fin•nclal AC￿vItIes.
1.10 D•btorn
Trade and other d8btor8 8re r8eognis￿ at the settleThnt amount aftor any trade dl8count
offered. Pmpaymen18 are valued 8t tho an￿nt prtyald Mt ofany trade dI$￿￿nIS due.
1.11 C••h at ￿nk and In hand
C88h 8t bank and In ha￿ Ind￿]09 ¢88h tshort-lerm highty Ilquld inv•strn8nt8 short
maturlty ofthr•• mofttho ¢x from the dale ofacqulsttknn or openlng oftho depositor simllar
1.12 Llabllltl••
Llabllld88 ar• rocognW when FJ an oblhaatkn at Ihg 8aknce $he¢t dale a8 a r68uII ol
P881 event, il is F￿0ba￿a Ihai 8 transfer Of economK benefit wlll be requk8d In settl8menl,
and tha amount of th¢ Mtuemenl ¢an be 8811mabJ rellafly.
Llabllltles are re(￿nISed at the amtyJnt th*1 tho eharlty anldpates tt wll pay tQ Settle the debt
orthÈ t￿o￿nt rt h4S TOcgfv•d a• advan￿ paym•nlJ for the 9octh or $8Nces tt nw$t wovkl•.
1.13 Flnan¢lal In*rnm•nts
The Charity onty h88 finandal assets and financial 118bilitles of a klTrJ that qu81ty 88 ba$lc
ftnan¢i81 instruments. B8sK fin8rKial instwmgnts are Inltially reciYJni5ed at tr8nsactton v8lue
and subsequ•ntty measured at 8etllement Value wtth tho exception of bank108ns whlch
ar8 8ubsequ8nUy mgasured at an￿rtIs￿d c<4t using tho effthe Int8re8t method.
Pa8e 19

TOWN AND MANOR OF HUNGERFORD
NOTES TO ThE FINANCIAL STATEMEPITS (CONTINUED)
FOR ThE YEAR ENDED 31 DECEIIBER 2021
1. Ac¢ouMing poll¢les {contIn￿d)
1.14 Flnance and hlm purch•
A8s8ts obtalned under hire wrchase contracts and finance lea808 are capltsli88d as tanglble
fixed assets. Assets acquired by finance lease are depreoated over th& shorter of the laase
term and thelr u8gful Ilves. A886ts acqu1￿3 by hire purtha8e aro deprociated over thelr usaful
live8. Finance leases are those where substantlally all of Ihg benèfits and ri8k8 of ownarshlp
are 88sumed by the Charty. ObllgaUon8 under such 8gwm•nts are Included In cr6dltors, net
of the fin9r￿ charge alloe4tad to fvlure perKhJs. The finance dement of the rental paymenl Is
charged lo the Statement of Fln8ArAal ActWe8 80 as to wcrfluco a constsnt perlodi¢ ral8 of
charyè on tho net oblh3ation ¢)uWandlng In ￿riod.
1.15 P•n•lon•
The Charlty operates a (19fined contdbullon pension sthemo and ts p8nslon char9e
r8presen18 the arn￿nts payat40 by thg Charfty to thè ffijnd In r08PKt ofth• year.
1.16 Crhl¢al a¢¢ouTrtlng e8tlm•t•• and •w••s of Jud9•m•nt
EsUm8tes and ludgments contlnudty evaluated and are basgd on hlslortc41 experlèn
and olh8r fa¢tor8. Indudlng exWtions of fil￿re gvgnts that are b￿l￿ad to be rna8onable
undar th• drcum#tsnca8.
Tho Charlty m8k88 é8timat08 arKI a8•umpOon8 ￿nCOmIng Ihe fvture. Th r83ultlng
accounUng 08llmaw and 008umpth wlll, by dolknlllon, tho r8latsd &thal
rejults.
There ar• no &c￿ntIng ludgemwts deemd to the ac¢ounts.
2. Incom• from ¢h•rft•bl• •cfvltl•¥
Total
Fun
2021
Funds
Funds
2020
Rent8 recelved
60,333
35,032
Wayleaves and Ilcen
56,816
58.016
48,295
DEFRA Income
37.332
37.332
46,9J3
Hockdd• Incom
97
Oth•r Incory
206.921
200.921
14.678
Rod f••s end graztr
155.233
15S233
158.707
Total 2021
518,655
516.655
303,660
Totsl 2020
303.660
Page 20

TOWN AND MANOR OF HUNGERFORD
NOTES TO THE FINANCIAL STATEMENTS {coKnNUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
3. Other Income
Total
Funds
2021
Funds
2021
Total
Funds
2020
Othef Ir￿n￿l
1,027
5T9
Covld-19 9r8nts
Proflt ¢)n dlsposaE of ￿ed assets
29.842
31,815
8,250
Total 2021
T¢*1 2020
Inv•8tm•nt Incom•
Unr•th¢t•d
Fund8
2021
Totsl
Fund8
Total
Fund8
2020
Dlvldend8
13.586
13,586
13,360
Dew6lt aLxount Interut
15
15
114
Total 2021
Total 2020
13,474
13.4T4
5. Anatysli ol donallon•
Donallons lo
org•nMtlon•
2021
rol
Funds
2020
Fund•
2021
Don8Uon8 to lo¢AI org•ni•ali
Total 2020
5.090
Page 21

TOb•ll AND MANOR OF HUNGERFORD
NOTES TO ThE FINANCIAL STATEMENTS (CONnNUED)
FOR ThE YEAR ENDeD 31 DECEMBER 2021
& Donatloni to local organlsatlons I￿ntInU•d>
2021
Chamb¢r of Comm•rc
Hungerford Youth and Communty Contr•
Hungerford Summer
HUngerf￿ c￿ck￿ Club
Hungerford 8rKI Cambum Edi*atlon FourKl8tlon
Sl Lawrence Church
Hungerford Town Band
Hung•rf￿ Town Counal
Hungerford Royal Legbn Bran¢*
1,400
500
1,500
500
1,000
1,000
200
Total
11,100
8. Dlr•ct ¢o•ts
2021
2020
RepalT8 and malnlgnanc•
Hockude expen¥o8
Other dlre¢t •xwna
Fkh re-8tocklng costs
Fish pass eosl8
Wages and salarlBs
Natlonal Insurance
PonsFon cost
31,003
37,298
3.950
12.306
86,913
34,718
1,991
10.302
33.844
3.405
1.382
171295
88.468
Pa8e 22

TOWN AND PAANOR OF HUNGERFORD
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 310ECEMBER 2021
7. 8upport costs
2021
2020
u11ft￿5 and Ingurance
21.971
17.390
Repalrs and maknlenan
Clerk's office expen
Legal ar￿ wof088lonal
121.918
f 6. 121
4,321
33,1TT
21,487
Accounthncy and lax
11,760
11.260
Gov6manc8 costs
s￿on￿ and 8undry
Oepreclatson
17.770
14,816
3.571
4, 140
8ad d6bt•
(¢293)
8,291
Wag•• and salari•8
11)0,283
86,Q40
NatlcMI Insuranc6
3,837
p•n￿on cost
2.053
338,184
195,400
Analyal8 of •xp•ndhur• on chartt4bl• actfvltl••
summary by fund typ•
Totsl
Fund•
20
Total
Fund8
2Q20
Funds
2021
Dlrect and 8UPFh)rt
509.479
509.479
283,868
Donatlons to Ical orDanI￿tk￿R
11.100
11.100
Total 2021
520,579
520,579
288.958
Total 2020
288,958
288.958
Paee 23

TOWN AMD MANOR OF HUNGERFORD
NOTES TO THE FINANCIAL STATEMEpifs (CONTINUED)
FOR The YEAR ENDED 31 DECEMBER 2021
Analy•l• of frxp•ndltur• on Gharllth athltt•s (eontlnuod)
8umm•ry by •xp•ndltyr• typ•
Staff costs D•praclatlon Oih•r ¢o¥ts
20
2021
Total
Fund8
2021
Total
Funds
2020
Dlr8¢t and •upport ¢>)sts
DonatkJn$ to Ic¢ol
Organisadons
143.07Y
3,576
362,828
509,479
283,888
11,1C
11,100
5,090
143.077
3.576
373.926
520,379
288.958
Tol￿ 2020
130,621
4. 140
154.197
288.958
9. Staff C￿**
20
2020
W8g•s and 8•la
135.001
119,884
Soctal security co8ts
7.302
Contrllyjllm to d¢flnfyJ contrlLwlkn sthgm88
3,032
3.435
14J.077
130,621
The average numb8r of p8wn8 ty th• Charity durfn9 th• y••r w•8 ao f01b¥￿,.
2021
2020
FlsheryAand managomenl
offl
No employee recolvwj rernuneration 8mounOno to nM)r• than £80,000 in •lthor yotsr.
Pa8e 24

TOWN AND PIANOR OF HUNGERFORD
NOTES TO THE FINANCIAL STATEMEpifs (CONTINUEDI
FOR THE YEAR ENI)ED 31 DECEMBER 2021
10. Indoponthnt examln•rfs r•mun•rallon
The tndepend8nt examinèrfg rlmunoration amounts to an Irb4epewKknt axamlnor fo9 of £2,ns
(2O￿£4,56Q).
11. Tru•t••*' r•mun•ratlon and •xp•n
During ItK8 year, Tr) Tru8tOgs re¢oived any r•mur*rntion or other bentrfft812020. £NIL). Durfng
th8 yèar ended 31 Deeamber 2021. exp8nso8 lotallng £2,026 were rdmbur88d or p8kl dlr8ctty
to 2 TN8te88 (2020. £7,057 to 8 Tr￿sta&S).
12. Tanglbl• fix•d ••••ts
Fr••hold
Pl•nt &
Proprty Machln•ry
Co•t or valu•tlon
Motor
V•hlcl••
Total
At 1 January 2021
252,121
18,066
270.187
Addlllona
2.982
2,982
Al 31 D•cemhr 2021
252,121
2,982
18.066
273,169
D•pr•cl•tlon
At 1 January 2021
h8rge lor the year
471
3,105
3,S76
At 31 Doe•mber 2021
N•1 book v•lu•
Al 31 D•eemb8r 2021
252,121
9,315
263,947
At 31 Docember 2tr20
252. 121
12,420
264,541
Page 25

TOWN AND MAPIOR OF HUNGERFORD
NOTe8 TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
11 Tanglbh fix•d asmts (conllnu•d)
Tha fr88hold wopaty C(￿818￿ of.
2021
Ch8mham Stroot M•ad
15.745
John O'Gaunt Inn
Waterke6perfs Hw80
Unty$ M8adow
96,905
131.471
Canal Walk
8.000
13. Ch•rlty h•rlt•q• a88•t•
A•••t• r•cognl••d at ¢￿t
H•rtt•g•
A*••l•
2021
Tolal
2021
CaTrylng valuo at 1 January 2021
Addrtlon8
406,184
408,154
Carrylng value at 31 DK¥mbor 2021
The Hertrage ass8ts rewwenl land and buIldh￿& In Hwrford. Thè ag9•ts arn Induded In th8
balarKe at CQ5L
Sublact to approv81 of the Tr￿lee& and Chaffty Commlssbn, the chadty may dlspw ofthes8
ltsm8. The a&8ets are accessltrle 10 Iha résidents of Hungerford to ￿￿.
Paee 26

TOWN AND MANOR OF HUNGERFORD
NOTES TO THE FINANCIAL STA7EMEPn (¢ONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
13. Charfty horhag• 48s•ts (¢ontlnued)
8umm•ry analyals of h•rlty a*8•t tran8aeiion•
2021
2019
2018
2017
Purch88es
163.481
Th• h•rftsg• a•ut• eon¥l81 of:
2021
Hungarford TO￿ Hall
Portdown Comm¢n & Fr•wnan'8 M8r8h
HarvOYg Meadow
The Fi8h8ry
Tho Croft
Hungerford Mar8h
220,629
Plckat Mead
32,064
Eddlngton lako And mlll WKI
153,461
406.134
Pa8e 27

TOWN AND MANOR OF HUNGERFORD
NOTES TO THE FINANCIAL 8TATEMEiif8 (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
l& Flx•d a•8et Invutm•nts
List•d
Oth•r
S•¢urhlM Invmtmonts
Total
Co•t or valualloh
At 1 January 2021
421,179
40,179
461.358
Addltknfj
Dl8p)sal8
(1,909)
Not galn81{Iw•8) on jnv88tm8nts
Income relnve*ed
77,341
77.341
13,586
13,586
Inv88tm¢nt managerfo fe08
(5,465)
(5.465)
At 31 Decembor 2021
496.552
544,852
N•t book v•lu•
A8 8t 31 Opumbw 2021
544,852
al 31 09￿mber 2020
421,179
40.179
461,358
Inv••tm•nl• at valuatlon comprlv:
2021
2Q20
Llst8d Invtrstments
421, IT9
48,30D
40.179
T•)tal mark•t valuo
544,852
461,358
Page 28

TOYIN AND MANOR OF HUNGERFORD
NOTES TO THE FINANCIAL STATEMENTS {¢opmNUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
15. Dobtorn
2021
2020
172288
52.961
Othw debtor8
13,489
Prepaymonts arAI accrued Incw
1A81
238
197.592
66,688
l& Cr•dltor•: Amoum* falllng du• wlthln ong y•ar
2021
2020
Bank108n
815
Tr8dè ¢xed6tor8
22.928
12.335
0th8r tsxatlon and 8ooal SO￿J￿ty
Obllgatlon8 under lknanco Its￿e arKI hlra
￿rCha￿ contracts
4993
33.954
4277
3.662
Oth•r trodStor8
17,366
6,811
njalg and defvrred Ino)
254.M1
71.039
313,910
179,791
17. Cr•dltorn: Amounts famlng du• •ft•r mor• than on• y••r
2021
2020
Bank Loan
36.461
Obllgatlons under flnance thse aTrJ hlre
purchase contracts
4.277
36.4a1
4.277
Page 29

TOWN AND MANOR OF HUNGERFORD
NOTES TO THE FINANGIAL STATEMEKfs {CONTINUED)
FOR THE YEAR ENDED 31 DECEM8ER 2021
18. 8tstsm•nt of funds
8tstsm•nt ol funds- ¢urr•nt y••r
Balanc• at
1 Janu•ry
2021
In¢om•
Exp•ndMurn
G•ln•l
ILo••••l
84lane• at 31
D•e•mbgr
2021
Unr•￿￿G1•d fvnds
Genord fund8
Slat•m•nt of fund¥- prfor y•ar
B8lance at
7 January
2020
Balan¢e &131
Dtrcgmbor
2020
(Loswj
Unr••trfct•d lund•
Ggner81 fund#
1032 424
357 778
959
1093 643
19. Summary ol fund•
Summary olfund•- cury•nt y•ar
Bal*n¢• *1
l January
2021
G•ln•l
(Lo••••)
Balanc• •t 31
D•c•mb•r
2021
Gon8rn1 f￿d8
8ummary olfund•- prtor year
Balance at
l J8nuary
2020
Goln
(Losses)
Balonc6 al 31
D8camb8r
2020
G￿ra1 fund•
1032.424
P59
1093 643
Pa8e 30

TOWN AND IAANOR OF NUNGERFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
20. Analy#i• of alaets betwe•n fiFnd*
An•ty￿a •f n•t a•Mts b•ts••n fvnds- curr•nt p•rlod
Unrgstricted
fundo
2021
To¢41
Funds
2021
Tanglble fix8d a88&ts
283.947
284,841
Flxod a8$01 Invgthants
6U.852
461,358
Heritag8 a880ts
406.154
406,164
Current a810ts
340.071
145,65B
Cr•J6tors duo wthln on• ￿ar
Creditor8 du8 Fn mro than one yoar
1313,910)
(179.791)
(36,461)
14,2771
1.204,853
1.093,643
An•ty•l• of n•t a￿•t1 I￿1￿••n fund•- prfor p•rlod
Unr•strkled
rotal
Fund8
2020
3020
Tanglble fix￿ assets
264.541
264,511
Fixod a¢s•t inve•kn•nts
461.358
461.358
Hgrltage a888ts
406,154
406, 154
Current 8S96ts
145.658
143,658
Credltorn du• vAthln ty)• yoor
Crgdrtcf¥ duo In mre than
1179.791)
{179, 791)
(4,277)
(4,2T7)
1,093.643
1,093,643
Page31

TOWN AND MANOR OF HUNGERFORD
NOTE8 TO TrIE FINANCIAL STATEPIENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
21. R•eonglll•U•n of not MOV•n￿ In ful￿$ to n•t cmh Ilow from tsp•raUng actlvlll••
2021
2020
Inc￿ for the (88 per Statamant ot Flnanc
Actlvrties
111,010
01,219
AdJu•lm•nts for.
Depmciatkn ch8rgo8
Profill{Lo8al C￿ dl8Fosd 01￿8d 888ats
Galns on Inve8trner)ts
3,576
4,140
(8,250)
(74,5501
(959)
Dlvkl8nds and intorest from In￿￿tsr
(14586)
(13.474)
Invèjlmont managoment1oe8
4086
8,560
R6all8ed IrAs on sale of irwaslmwts
854
1,417
1130.904)
(33,499)
{DèCrea8•￿r￿a*• In u8dttorn
178,679
N•t c••h provld•d by op•r•tlng actlvltl••
21 Analy•l8 of c••h and cuh •qdv•l•nl•
2021
2020
Cash In hand
142,479
78,910
Tolal ca•h and cash •qulval•nl•
142,479
78.910
Pa8e 32

TOWN AND MA140R OF HUNGERFOftD
NOTES TO THE RNANCIAL STATEMENT8 (CONTINUED)
FOR ThE YEAR ENDED 31 DECEMBER 2021
23. Analy•la •f In n•t d•bt
J•nuary
2021
Cuh flo
At31
D•c•mbor
2021
Ca8h at bank a￿1 in harKI
78,970
63.449
142,419
D•bl du• wKhln 1 year
Fknancel￿86•
(SO,OOD)
4724
(43876}
{9.929)
5.052
14,27n
2& P•n•lon commltm•rrt•
Durtng the yoar COntrlbutknn8 of £3.031 {2020 £3,435) woro pald to a dgfin&J contrlbutlon
8ch•m•. AJ at th• y•er ond £nll {2020: £nill wjs unpa6d.
25. R•lat•d party fran•a￿lon8
Durlng the ye8r, thern werè ￿ ffy)d wrchaw mado12020: £nl) the Tulu Pc1• T8•shopp0,
company In whlch tru8teo MrB B Barr18 an Mrs F Hobson Is managèr. No 8mount8
were unpald as at tha yeor end12020: £nlll.
Page 33