BERKIIAMSTED TOWN HALL TRUST NOTICE OF ANNUAL GENERAL MEETING THE FORTY SECOND ANNUAL GENERAL MEETING OF BERIaiAMSTED TOWN HALL TRUST WILL BE HELD IN THE SESSIONS HALL OF THE TOWN HALL ON THURSDAY 25 NOVEMBER 2021 AT &iXI P.K FOR THE FOLLOWING PURPOSES: I Prese4ta¢ion of the TnL8tees report a¢coullts for the YreDded 31 Juty 2021 2 DISC910 om the admiDistixtion of the Trllst 3 Electioo of six Trnstees All inhabitants of the Town of BeTkhamsted and the Parish of Nortbchurch who bave attained the age of eighteen attend the meeting and ar¢ cligible to vofr. Nomi[tion rOnS for elected Tnslees are available from the Tnjst oifice ill the Town Hall. Nominatioas must be rec¢ivcd at th¢ T1 Offic¢ not later than 12.(M) nn on Friday 19 Novetnber 2021. 196 High Slye BerkbaDted Herts HP4 3AP Tel: 01442 862288 www.berkhamstedtownhall.to.ak By order of the Trustees lan Hall Secretary lo the Trnst Rewtered ChaTity Do 278248 9 teMber 2021 The Meeting wiu be preeeded at 7JO p.m. by the Annual GeDeral Meetkng of tbe Market Fund and followed at approiim2tety 9.(M) p.m. by 2 metling of the Trnstees to ekct officers
nd to 2PPOlJit comD)htees prof100#1 *dTher&
BERKHAMSTED TOWN HALL TRUST REPORT OF THE TRUSTEES AND FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021 CONfENTS REPORT 18pd admknistrative l*forntlll Rewrt Formation Trustees Charilable objecl and FK)licies Organi5ation and administratio AppointmeDI of Trnstees TTUStee induction and trnining Public bellefit statement Profcssional advISc and bakn A&wctat¢d organisatio8 Development, adivitie$ and Khievements Financial Buildings Community facilities The Market Fund 'The Frien<ts' People Fingncial review Other matters Assets and oblig4tims Invcstments Risk management Tntees. responsibilAtiC5 in relation to the rvclaI statements Sumrnarised fiBaDeial slatement Summarised slatement of finan¢iaJ activiti¢s Summartsed bale sheet Balance sheet Statement of fmancial activittes Detailed financi4R statsmeRts 5t06 io 12 13to21 PATRONS Thomas Loten Richard Mthy MA Tim BenlincL 12th Earl of Portland MBE E%tber Rantzen DBE David Sherratt Page I
LEGAL AND ADMINISTRATIVE INFORMATION REPORT OF THE TRuE£s FOR THE YEAR EIWED 31 JULY 2(121 The Tntstees present th¢ir s[U31 rep)rt attd fitwicial ststernts of the cbarity for the year ended 31 July 2021. The fancIal statements have F*en prepared in a¢¢oFdance with th¢ acrounting policies set out in note I to the accounts and comply with the Cbarity's Tnt Deed. the Charities Act 2011 and Accounting and RqK)rting by Charities: Ststement of Recommended Practice appIlble to cbarities prep&Ting their acnts accordw with the Financial RewTrrting Stan(lard applicable in the UK and Republic of Ireland (FRS 102) published on 16 July 2014. FORMATION OF THE TRusr The TTUSt was establish in 1979 by a Scheme of Tr$[ Interirn TnLStees. This w&s in succession to eariter s¢hemas for the Town Hall. which latterty been administered by the Berkhamsted Town Council. In 1981 a new Scheine of TnisL approved by the Charity Commisstonets, stated that the buildings to k used a8 a community c¢ntr¢ for the ppIe of B¢TktWD5ted and NoTth¢hurcb. It also provided for the annual election of six TnLSt¢es and the appointment of other Trustees by ¢¢Tlain local authoTities atKi organi88ts0Ds who nominate their repTesentativc. TRusfEES DURING THE YEAR TO 31 JULY 2021 Ekded At]g¢la B)ryne# Chrisiille Cowiel Peter E15WQrth# (chalEnll) Nick Frdncis# lain Lang# Appoillted Richard Case# Giles C18rk# (Vi¢¢ chairn) Eric C(K)k# John Gerry# Councillor lall R Councillor Sally sYlglo[l # Christopher Talbot.Ponsonby# (H(L Treasurer) Beaed CitizS ASlatIO Btthamsxed Council Berkhamsied AEts & Friamts oftkn Town Hall BeaInsted & Distrid Chamberof C(xnmer(% HertfoT&hire County Council Cfropted Jim Jukes¥ Sharntt Newey vntil Juty 2021
Served as all year
No 278248 Registered Charity Trnst Office 196 Higb Strtel Berkham$te4l HP4 3AP Page 2
CHARITABLE OWECT A]W POLICIFS Object The TnL%t's is to provide communty facilitics in the Town Hall. Policies At the tim¢ thc Trust was fomied th¢ Town Hall was alm(¥5t derelfftct. In order to bring the building back into use the Tte¢S decided to lew the grnd fkM)r to commercial finns. The kasehold income together with grants. fi]nd raising activities and loans raised on the security of fitture commercial income have enabled the rest of the building lo restore The TnLStees allow the community facilities to hired out for other purtKw to subsidise the nmning costs. Some ground floor location& which aTt Ull5uilable for commercial lettin& are now used for commuDtty purposes. The Trust's policy on reserves has not yet bcen defmed by the Trustee4 beCae there have not yet been any reserves available after meeting planned. wmmitinents and other planned ¢xpenditurt There have IKen no changes in these policies since the last ret. ORGANISATION AND ADMINISllUTION The TnLStees norn)alty meet every thre¢ monilLS to discllss the TnJst's affairs. The TnceS are responsible for the fllwlcial mattets, gener31 TTUSt &Iministratio commercia] aclivitic8 the refLwbishment and maintenance of the buildings, &j the community facilities. Berkhamsted Town Hall Trdding Limil¢d a wbolly owned sutsidiary company. manages the bkr and cateTiDg fo¢ilities and covenants its PD)fits to the TnLsL The Tovrn Hall Mattager and the FI[w Mwer handle the TnLSt's administratio AppowfMENT OF TRusfEFS In 1981 a new Scheme of TrusL approved by the Charity Cornmissionets provided for the awjual ele¢lK)n of six TTUStees and the apwinknent of other TnLSte¢s by certain kKal authorities and orgallisattoTrs Ivho nominate their owj) represeniative. TRUSTEE INDucfioN AND TRAINING This is undertaken by the Chairnian of Trust who briets them on their legal obligations under chaTity and company law, the Charity Cotnmission guida[¢ on publi¢ benefiL colltellt of the Memorandum and Articles of Associatio the committee and decision-makillg Processes alld recent financial t*rforniance of the TnJsL TTUStees ue encouraged to atte appD)priate external trdining events wh¢r¢ these will add value to their role. PUBLIC BENEFrr srATEMENr The TnLSt¢es have considered the Cbarity Commission's guidance on public benefjt and as a result have continued to actively ¢n¢ourage new regular tNx)kings for the benefit of the community. The majority of the regular hirets provide health and welkbeing activities to users, from toddleTS to seniors. The Hertfordshire Hearing Advisory Service (Reg]ed Charity Dumber 1063430). which 15 allowed to OlKJ out of the Towu Hall, free of charge, on the fowth Wednesday of every month ha% tKen unable to do so thi5 year due to the rAndemic. Page 3
PROFESSIONAL ADVISERS #lld BANKERS during the year to 31 Jaty 2021 Bankers BalayS Bank PLC. Berkhatll Santander UK Reading Inded¢llt Examinos HJP. Betkhamsted Bond It}Su S¢ryices. Potters Bar Deha Financial Mwement Ltd, Elstree Aitchi8on Raffety. Hemel H¢mp5tead Brdsier Freeth. Watford Austins Penny and Thorne. Berkhamsled Robert Martell & Partll BeaM Pension Advisers Propety Advise Solicitors Surveyors ASSOCIATKD ORGANISATIONS The Market Fund. TOWD Hall TnLSt Offic¢ 196 High Streel Beknste4l HP4 3AP The Friends of Berkhamsted Town Hall - chairma Giles ClarK The Bothy. Be¢d Place. Berk1wnSt HP4 IHQ DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS FINANCIAL The continuftDg pandemic and the a&lated nation lockdowns plll8 social distancing restrictions severely impacted the Tn,$ fiDarw although this was offset by the Government's Job R¢lention Scheme {£46,682) and Natlollal Lo¢kdowm Grants {£42310) plus a generolls anonymo$ IKquest of £10,000. The Tntst recorded a sury)lus of £37,926. It should be notd that without the aforementioned Government supwrt aud kquest the Tn would have recorded a deficit of £61.066. Ihe Town HalL the outdi)or High Street markets (see the Malket Fund section on page 5) and Copper Housc Bars Lt& (the ground floor teMllt- see the Financial Review se10 on page 7) weT¢ all closed to varying degrees as a ruh of the various tiationaI l(tkdowns. BUILDINGS Other than routine maintenallce ther¢ was no major e4rnditure OD the buildiDg. Planned buildiDg wo In the long ternL the building's tthyear nmif Mainte] plan ne&ts to k implemente4 fmances permitting. Page 4
COMMUNITY FACILrrIES In order to give the Tn1 a more guarantced regular incom¢ from hires. emphasis is placed on increasing the number of regular hire IkIng$ whilst leaving the majority of Friday and Saturday ev¢nings available for ad iwkings sucb as weddings and private functions. In¢ome 2020 HiTing of halls Total income from eoAuu•nity frllilies The street market C4)Dtinues to provide a major ntrIbUt#) to the finances of the TrnsL wilh a surplus of £34,544 {2020 £47209). Tb¢ reduction in sutplus is due to iK)th the Wednesday and Saturday Markets being impacted by the pandemic kKkdowns. The Trust an indefe&sible right to the profrts of the mark¢ which is adtniriIrd by a sepr tru of which this Tr1 has the right to appoint the majority of the Tn]stee& 'THE FRIENDS, The Friends of Berktsalled Towtt Hall is an indendent organisation whose income is not dealt with in these accounts. Activities of the Friends are limited to sw)nsoring concerts and 5clling refreshments at special events. such &% the Graham Grecne FestiYaL and the fid$ raised are Telatively small. All donations reiVed from the Friends of Berkhamsted Town H] are placed in Testricted fimds and arc onty Snt on projects approved by the donor. PEOPLE Patrons aknd Trvstec3 Sharon Newey resi] from her role as a c{med TTUStee of 1st Juty 2021 due to having moved away from the local are& Voluntee Th¢ Trust continues to benefit from the Services of its volunteeT& prillcipally those who con%titute the Friends of the Town Hall. The Trst would also like to record our appreciation of the services of Joan Aldous who manages the IkSta11 with success. Staff The Trust is fortunate to have a loyal and entbusiastic staff, led by our Town Hall Manager, lao Hau. who 15 endeavouring to build up an increased letting "prOgre for the future whilst maintainfftng the exAsting high level of regular PKJokings. He is ably atsisted by Pat Carter, Head HOekeeper. al by two Assistant Houseke Ceorg¢ Grrell and Strpben Carter. Page 5
Bar 2nd egterityg contracto Marie Clout contittues to provide On excellent bar service. Nic IAon of 1Am Cering wlltiThues to provid¢ all excellent catering servic¢. Independent examiners The TnL5t has reapInted ILIP of Be51ed as ilenI examiners of the T'S faLa1 statements. This 8PPOiDtment is made by ChaT]ti TrSe amiuaj income and extnditiw¢ are b)th less than £250,000. It involves r¢sp)n5ibility and therefore lower fees. Pag¢ 6
FINANCIAL REVIEW The Statement of Financial Adivities shows ao increase of 13.10% in the Trust's income. The InCre is not rwr¢5entativ¢ of the fuwicial impact of the enforced closu5 due to the pandemic lockdowns of the Town HalL the High Street markets and Copp¢r House Bat5 Ltd. The hall hÈre iD¢ome w&% dosvn by 73.26ty/0. the Markei illcotne was dow by 26.83Yo and the ground fl(M)r tenancy ineotne was down by 30.7W/•. As alr mentioned (5cc the Firtancial tIOn oll page 4). the TTVSt twk advantage of various Government support schemes resulting in an additional £88.992 income. Without this income there would have t*ell an overdll deaease of 33.1 SO/0 in the TTUSt's inc(Kne compared to the previous financial year after removing the previous year's Gov¢rntnent support income of £16.196. In the case of Copw How¢ Bars Ltd. the TDJSt agr to accept and tske £1 1.875 of rentsl payments froJn their rent security detM)sit (see nok 12.2 Copper House Bars Lt& R¢nt Security Deposit ou page 18) for the riod of I st August to 30th NOVemr 2020. Copper House Bars Lt paid £15,000 Tent to the Trust for the period of 1st DeccmiKr 2020 to 30th April 2021 and are now paying the fvll monthfy rent of £6.875 monthly ill attear5. There was a decTeas¢ in cxpenditure of 14.2VA. This was atiributable to a reduction in utility bills. advertising ¢osts alld minimal building maintenance. The rrt movement in fimds is a sU1S of£37.926 (2020 deficit of £9.770). The TTUSt continues to reduce tts repayment mortgage with Satrtander UK. tn 2021 the mortgage was reduced by £l1.523 (2020: £11.211) to £267,115 with the Trust tsking advanlage of a mortgage "capital Tepayment holiday" for the first qtjarter of the financial year. Thc interest payment 0clat¢d with that Friod w&$ still made. A 5umrn of the key figures in the full financial statements. Ivhich will iK presented to the Annual Meetin& is showN later in this together with the full fin¢121 statements. OTHER MATfERS ASSETS AIYD OBLIGATIONS In the opinion of the TrJJstees. th¢ Trust's assets at 31 Juty 2021 were to meet the Trust's obligations as they fall due. The Trustes inv&st any p¢mwient endowments ID Gilt Edgal securitie& RISK MANAGEMENT We confimi that the major risks to which the TnLSt is exEM)5e4L as identified by the TnLStee4 have been reviewed and systems have been established to mitigate those risks. Page 7
TRUSTEES, RESPONSIBILfTIES IN RELATION TO THE FINANCIAL STATEMENTS The charity tnESt¢es are reswnsible frir preparing a trustees. annual report and fmancial statements in a¢cordance with applicable law and Unitcd Kingdom Accounting Stsndards (United Kingdom Generdlly Accepted Accounting Pra¢tice}. Company law and the law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year. which give a tnJ¢ and fair view of the state of affairs of the charilable company and of the incoming resources and application of resouwes for that period. In preparing the financtal staiementy the trustees are required to.. select suitable accounting trf)licies and the apply them consistently. obserye the methods and principles of the Charities SORP. make judgements and estimates that are re&sonable and prudent. state whether 4>plicable accounting standards have been followe4 subject to any material departures disclosed and explained in the financial statemen prepare the financial ststements on the going concern b&sis unless it As inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable ac¢urdCy at any time the financial tM)sition of the charity and to enable them to ensure that the financial statemcnts comply with the Companies Act 1985. the Charities Act 1993. the Charity (ACuntS and RetK)rts) Regulations 2008 and the provisions of the trnst deed. They are also reswTrn5ible for safeguarding the &ssets of the eharity and hence taking reasonable steps for the prevention and detection of fraud and other inrgularities. Approv rthe Trust on 9th September 2021 by Chairman of B¢rkhamsted Tojvn Hall Trnst Berkhamsted Town Hall Trust 196 High Street Berkhamsted . Herts HP4 3AP Registered Charity No. 278248
SUMfvtAWSED BALiNCE SHEET AS AT 31 JULY 2021 2021 2020 Fixed Assets and uipMeTJt 723.711 734.091 tnveslments Total Wtsed A&8ets 723.711 731091 Amounts owing to the TTUSt Bank balances 12,658 141.055 12,461 87.904 Amounts due by the T in the next year 56,901) ( 24318 ) Net Current A&qets l (Liabititia) 96312 7W7 Less amounts falling in more than Ce year ( 288.434 ) (315.975 ) Net Ats $32,089 494J63 Funds Beginning of year 494,163 37.926 503,933 9.770 ) Revaluatio of inveslmejrt Elld of year 532A189 494.1 The closing balances on the reserves are Ls follows Pennanent Endoi¥m¢nt- Restricted Development Fund - Restricted Unffstricted Funds 198 1989 528.902 198 2,989 490,976 Page 10
BERKHAMSTED TOWN HALL TRUST BALANCE SHEET AS AT 31 JULY 2021 Tot41 Funds 2021 Pritsr Ytar 2029 No¢¢ F•Bd5 Fixtd Assets Tangible Fixed A55&s Inv¢stNKnts 723,711 723,711 734.(Y)I Current A&sets tkbtors Bank Balances io 19.658 137.868 12.658 141.055 12,461 87.904 2.989 198 Totsl Crrellt Asxts 150 2.989 19 153 713 C4rrellt Li%bilitie5 cditors. amounts falling due Mrythtn one year Net Cwrrent Asutsl{LialJilitKs) 56.901 1 ( ) 14 Tot] Assets Les5 Currt•t IA•b115tl¢s 817J36 1989 198 820.523 810,138 Lomg Term Liabnltles Credityrs: amounts failing due in than one ycar Mort8a8e Rcnt Security DesIt 12.1 ( 251.752 1 12.2 { 36.682 ) ( 25 1,752 1 { 267.427 ) 36.682 ) { 48,548 ) Tot1 T¢rn L4abAitKJ £ 288 434 I L ILL5 J 98 198 532 089 The FuDds of ihe Charity Pet]ent Endownent Restricted Funds Unrtstr¢aed Funds 198 198 1989 528 902 198 2.989 13 13 13 1989 T¢)tsl fbarity Fw•d ' The notes at pages 12 to 19 fonn part of these accounts Approved by the Trusttts on 9th September 2021 and Si1 on their khalf by: Peter Elsworth - Chairman of the Trust Trnst Office 196 High Street Berkhamsted Herts HP4 3AP Registered Charity No. 278248 Pagell
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BEIIXHAMSTED TOWN HALL TRUST NOTES TO THE FfNANCIAL sfATEMENTS FOR THE YEAR ENDED 31 JULY 2021 I ACcOUTrTrG POLICIES 1.1 B&%is of Pretoration The accounts (fmADcial statements) have been prepared in accordance with the Statement of Recommended Practice." Accounting and Re[ing by Clwities prepaTing their accounts in aecordance with the Financial Reporting Standard applicable ID the UK and Republic of Irelalld (FRS 102) published on 16 Juty 2014 and the Charities Act 2011. B¢rkJwnsted Town Hall TTr me&5 definition ofa public Ixnefit entity under FRS 102. The fimctional ¢Urr¢Y used in preFAring the &couDts is GBP IBritish Pound). 1.2 Finala1 Rertig Standard 102- R¢du¢ed Dlscknsure ExemMioF The charity has taken advanlage of the following disclosu exetDPtion in preparing these financial ststements, as rMitted by Charities SORP FRS 102 'The Fitwicial Reporting Standard applicable in the UK and Republic of Ir¢land': The requirements of Section 7- Sement of Cash Flows 1.3 Fulld5 Structure Unrestricted income funds comprise those fim(Ls. which th¢ TTUStees are free to use for aDy PUTP in furtherance of the charitable objccts. UDrestricted funds include designated fimds where the Tnjsteffj at their discretioo have created a fimd for a sEKcific purwse. Restricted fimds e fimds. which are to be used in ac0)[d with specific restri¢tAOllS imposed by the donor or tnjst deed. Transfer between fimds, the donations by the Friends of the Town Hall are allocated to restricted funds, then an)'"of their donatiODS autho to be spent on capital IteD fjre traD5feTred to unrestricted fiumts.." 1.4 Incorne Recognition The recognition of incoming resou is basr41 on when the charity becomes entitled to the resources. when the TTUStees believe that there is sufflent certainty that receipt of the resources is considered probable and when thc tnonetary value Can be measural with sufficient reliabtlity. Propty Ioe and imcome derived from r[ hires is rwis¢d as earncd (that is as the related services are provAd¢d). Donations credited in the y¢ar in whtch they are received 3Dd if given for a specifjc pwe are included in restTiCted fvnd 1.5 EAFnd1ti RecognilioD LiabFlities are recOlIsed as ffsources extthled as sn as th¢r¢ is a legal or ¢onstructivc obligation committing the charity to the eXndire. All expenditure is accounted for on an accrnals basis. Page 13
NOTES TO THE FINANCIAL STATEMENTS 1.6 Irrecoverable VAT trrecoverdble VAT is Charged against the category of resources expended for whicb it was incurr. 1.7 Allocation of Ovethead and Support Costs Staff costs are allocated on a timc blS and other expensedepre¢1#t10n OD an Kbjal b&%is aj interest on occupation area The remaining wsts are allocated as a lump sum betwetn expenditure categoTies of thc Stsi¢ment of Fillancial Activities teporL 1.8 Tangible Fixed Assets and DeprlatIOn Fixed Assets are d¢prcciatcd on a straight-line basis over their e#imated useful lives at the following rdtes- Buildings 10/0 (l(K> years) Furniture and equipmellt 2fP/• (5 years) No red assets WritOw0 asse&sment was deemed necessary. 1.9 Fixed A&sets Investment Investments are slM)wn at middle-maTket value as at the balae sheet date. 1.10 Pensiolls In accordance with the Pensions Act 2008 all employees of the charity are automatically enrolled into a workplatr pension scheme, which is managed by NEST IN*iollal Employment Savings Trust). The TnTSt's contribution is restricted to the contributions disclosed in nok 15. The lotsl expense ratio of the scheme foT this fu1claI year wd5 (3°h contnThution from the Tn]st and 5Q/o contribution from the individual empk)yee). The Trust has no liabilty Wond making its contributions and paying across thc deductions for the employees. contributions. l.1 l Debtots andCTeditors Receivable I Payable Within One Year Debtors and crediiors with no stated illtuest rdte and receivable or payable within one year 8Fe recorded at transaction price. Any losses arising from impairniellt are T¢glS¢d in expenditure. 1.12 GoverA]ment Grants Government grdnts tn relation to tanble fixed asEets are credited to profit and loss account over the useful lives of the related awts. whereas those in relalion to ext¢oditure are cralited wlKn the expenditure is Charged to profrt and lo The income from this fimd arises from ihc Berklwnsted street markets and the Trust has an indeflble right to the excess of income over exwises of this fund. Page 14
NOTES TO THE FINANCIAL STATEMENTS 3 GRANIS / BEQUESTS I IX)NAITONS 2021 2020 GTants Bequests Donations- 10.(K Friends Burns Night Copper H Other 150 558 50 865 398 2021 2020 Hall Manag¢ment 138288 138 288 162 748 162 748 The TTU8te¢s. wherever possible. hav¢ sougbt in agreements to exclude themsefves from personal liability, but have tsken oul a ycific iLsurance w)licy to covu their [sOnal liability as Tr1ees. 5 OTHER COSTS 2021 2020 Trust AdministratiDD 8.450 .450 Page 15
NOIES TO THE FINANCIAL STATEMEK] 6 AIIL)CATION OF GOVERNANCE AND OTHER SUPPORT COSTS The br&*th)wn of support Costs and how these We allocatsj belweeD governance and other supwrt costs is shown Au the table below. Cost Type Governan¢¢ Relatsl Basis of Alknated Support Costs Staff Costs stsff time All<KatioD of staff tim¢ is bascd on 150/0 of the manageffs salary covering tnth meetings and cowhtin Governance CosLs 2021 2020 Independent Examinerfs Fees Professional Fees Supp)rt Costs (see above) 3.61Y4 3J95 Thc total support cost attributable to charilable activ[ti is 4ppli¢d to the Hall Management activity. Allocation of goveTnance 2nd other supp)rt costs 2021 2020 7 ANALYSIS OF RESOURCES USED Governance &Sup 96.305 27J56 8,450 IOJ80 4.247 138288 8.450 Administration 2021 2020 10 38006 80 io 57410 80 8.495 178 741 Page 16
NOTES TO THE FINANCIAL STATEMEbU3 8 TANGIBLE F ASSE]3 The TnteeS own the freehold of BeTkhamsted Town HalL which comprtses three separate but Inte*d 1]dIngS- the Town Hall. the StssiotL8 Hall and the Market House. Freehold Fumithre and Protw Equipment Totsl At l Augi]st 2020 At31 July2021 1.038,Q54 1038 054 8.81X) 1,046,854 ialion At l August 2020 Charg¢ for year At31 July2021 Net Bwk Value as at 31 Juty 2020 31 July2021 303,963 8.800 312.763 10 323.14 314343 There are currentty investments. 2021 2020 Rentsl debto Othcr debtors Prepaid expenses 7,400 5,062 609 I I CREDITORS - knounts falling due within one year 2021 2020 Mortgage. Santander. paymfflts Mortgage- SantsJder- int¢ffst Mortgage- Santander {1 )- amount th 23J63 21,897 10686) 112lJ 15J63 Other creditOTS and accTuals Rent in advance Government Bounce Back IAMn 5,697 5.841 30 7.712 5.395 Page 17
N(YtES TO THE FINANCIAL STATEMENTS 12 CREDtTORS- Amounts falling due in more than one r. 12.1 Santander M( 2021 2020 Mortgdg¢- Santander (2) Foreust balance remaining as of3Ast J•ty 2022 251.752 267.427 The TO Hall freehold PAWrty aDd building is the subied of a Ch in favour of Santander UL The remaining tern) of the mortgage at 31 July 2021 17 year4 and th¢ rdte of interest at 31 July 2021 was 3.(P/o bw rate plus 0.08125Y• UK Lilx)r rate. Actual Mortgag¢ Santsndff UK Mortgagc- Comnienced on 28th August 2013 2021 2020 Mortgage- Santander(l) [from note I 1] Mortgage- Santander {2} Mortgage- Santsnts iolal (mtstlng as of 31st Jllty 2021 15,363 251752 267115 11211 267 427 278 638 The Freehold Propety is stat¢d at net ¢ost ill the BaJ8nce Sheet at £723.711 Note 8. Thc aggregate of the mortgage (£267.115) reprnts 36.91% ofthe net cost of the freehold prorty on which il is secure<L 12.2 Copper House BaTS Ltd. Rent Security tkp)sit Under a Reth Deposit Deed Copw House Bats Lid lodged £80.0 (wtthout VAD into the TnLSt's Barclays business prallium account as a surety for its obligations Under the I£&se. Any interest accrued on the deFrf)Sit belongs to Coppcr Hous¢ Bars Lid. The dep)sit will be repayable to Copper Howe BaT¥ Ltd. iu the event that their profftabilty meets the thrcshold as Set out in the 2021 2020 Coppcr House Rent Security Dep)sit at 1st 2020 Agreed Rent Withdraw$ by the Tn Interest on Copper House Rent Security Detxisit Copper HOSe Rent Stturtty Deposit at 31 July 2(r21 48.548 80,IJ51 11.875 ) ( 31.625) 122 The rent withdrawals were eXcI]Ve of VAT. Pag¢ 18
NOTES TO THE FINANCIAL STATEMEF¥ts 13 FUNDS (a) Th¢ Permanent EndoNent Fund This r¢presents the balance of fujth traosfeT¥ed to the Trust at its inception in 1981. {b) Restricted Fund This fund represents donation5 and Erants received to re[bISh the Town Hall less amounts eXped on purchase of Fixed Assets and renov8tiOD expenditu Total dowmenl Fun¢ls Funds At l August 2020 Funds CtiVCd Revenue income (net) At31 Juty2021 198 2.989 490.976 494,163 198 14 ANALYSIS OF NET ASSEIS Total FJKk)wment Funds Funds 723,711 723.711 93,625 96.812 ( 288,434) (288,434 ) Net Current Assets l (Liabilities) lng Term Liabilities InvesthJeT 198 2.989 198 989 532 089 Page 19
NOTES TO THE FINANCIAL STATEMEltrs 15 ANALYSIS OF STAFF COSTS. TRUSTEES. REMUNERATION AND EXPENSES. AND REMUNWUTZON OF KEY MANAGEMENT PERSONNEL 2021 2020 Salaries and Wages National Insurance NEST Pension Scheme 87.550 3262 90.125 4,741 96.870 The aveTage numlKr of employees durtng the year was 4 {2020: 4) with all employee time involved in providing either SUPPKJrt to the govtrnance of the CTr1ty or suptrf)rt servic&s to th¢ charitable activity (hall majwment). The trustees were not paid by or received any other benefits frorn the Trust (2020: £Nil) neither We they reimbursed cnSeS during the year (2020: £Nil). No tnLSt¢e recctved payment for professional or other ServIS supplied to the TTUSt (2020: £NiJ). The Trust considers that its key management persollnel comprise solety of th¢ Manager. The totsl employrnent ben¢frts including employer pen5ioD contributions of the key management petsonnel were £34.502 {2020: £34.598). No empbyee had Irnefrts in exc of £60,0(KI (2020". none). 16 BERKHAMSTED TOWN HALL TRADING LIMJTED The company was inwrp)tated as a wholty owneAJ subsidiary of the Tnt on 7 Septemkr 1997 and commenced trading ID May 1998 and re¢eives the commission the catering seryices provided. In the opinion of th¢ TeeS the a&sets and liabilities are [materIal to the TTusVs affaits and therefore group accounts have not iKen pte At 31 July 2021 the profit from Berkhamsied Town Hall Trading Limited was: 2021 2020 Profit for year 1555 Ivhen there is a profJ¢ it is donated under a tked of Covenant to the Trst. 17 RELATED PARTY TRANSACTIONS There were no related party tranwtioos {2020: none). Page 20
At 31 July 2021 the pital c(xnmttinents not provmled for in the aCCts was £ Nil (2020: £Nil). 19 ULTIMATE coNfROLLtNG PARTY The opinion of the TnLStees is tbat tbe Uhimate ContTolling Paity of the Berkha Town Hall Tn is the TnLStees themselves. Pag¢21
CHARITY COMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trnsteesl members of BERKHAMSTED TOIA+N HALL TRUST On accounts for the year ended 31 JULY 2021 Charity no (if any) 278248 Set out on pages I report to the trustees on my examination of the a¢¢ounts of the above chanty (Yhe Trust.) for the year ended 3110712021. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ltthe Act'i. I report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(51{b) of the Act. Independent I have completed my examination. I confimi that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any malerial respect- the accounting records were not kept in accordance with section 130 of the Charities Act.. or the accounts did not accord wyth the accounting records: or the accounts did not comply with the applicable requirements onming the fomi and content of accounts set out in the Chanties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an independent examinats"on. I have no GOnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Slgned: Date: 22-11-21 Name: FCA Relevant professional qualiflcation{s) or body {if any): ANGELA PEDEN FCA Address: ALL ABOUT BUSINESS LIMITED, AUDLEY HOUSE NORTHBRIDGE ROAD BERKHAMSTED, HERTS, HP4 1 EH IER Oct 2018
Section Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of chanty accounts: directions and guidance for examiners). Give here brlef details of any items that the examiner wishes to disclose. IER Oct 2018