## **Trustees’ Annual Report for the period** **Period start date 01/04/2023 Period end date 31/03/2024 Charity name: Berkhamsted Market Fund** ## **Charity registration number: 278458** ## **Objectives and Activities** |**Objectives and Activities**|**Objectives and Activities**| |---|---| ||| |Summary of the purposes of
the charity as set out in its
governing document|The Berkhamsted Market Fund’s objects are the upkeep and
maintenance of the property of the Berkhamsted Town Hall
Trust, another registered charity| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|The Berkhamsted Market Fund is the present owner of the
rights to control trading on the Berkhamsted market place.
The rights, which are prescriptive (that is unwritten), have
been in existence since Saxon times. The market place
consists of the footways on both sides of the High Street from
St. Peter’s Church to Sayers Almshouses. The income from
the market place, after meeting the market expenses, is paid
in full to the Berkhamsted Town Hall Trust in accordance with
the above objects.
The main activity is overseeing the running of the Saturday
and Wednesday Markets for the community of Berkhamsted
and overseeing the running of the Farmers’ Market and other
ad hoc markets e.g. International Markets.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|The Trustees have considered the Charity Commission’s
guidance on public benefit and as a result have continued to
actively encourage and attract new stallholders and markets
for the benefit of the community.| **Additional information (optional)** You may choose to include further statements where relevant about: Policy on grant making Policy on social investment including program related investment Contribution made by volunteers Other ## **Achievements and Performance** All surplus monies from Berkhamsted Market Fund are transferred to Berkhamsted Town Hall Trust to assist with the upkeep and maintenance of the property of Berkhamsted Summary of the main Town Hall Trust. achievements of the charity, identifying the difference the The Wednesday and Saturday markets, continue to attract charity’s work has made to visitors and members of the local community to Berkhamsted the circumstances of its High Street, which also benefits other High Street based beneficiaries and any wider shops and businesses. benefits to society as a whole. **Additional information (optional)** You may choose to include further statements where relevant about: Achievements against objectives set Performance of fundraising activities against objectives set Investment performance against objectives Other ## **Financial Review** **----- Start of picture text -----**
Review of the charity’s In this financial year there was a surplus of receipts over
financial position at the end payments of £49,626 (2023: £53,294). The decrease of
of the period £3,668 can be attributed in the main to the cost of living crisis
and the resulting lower footfall.
The trustees were not paid by or received any other benefits
from the Market Fund (2023: £Nil) neither were they
reimbursed expenses during the year (2023: £Nil). No trustee
received payment for professional or other services supplied
to the Market Fund (2023: £Nil).
Statement explaining the There is no policy with respect to reserves as all surplus
policy for holding reserves monies are transferred to Berkhamsted Town Hall Trust.
stating why they are held
Amount of reserves held Not applicable
Reasons for holding zero Not applicable
reserves
Details of fund materially in Not applicable
deficit
Explanation of any Not applicable
uncertainties about the
charity continuing as a going
concern
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## **Additional information (optional)** You may choose to include further statements where relevant about: The charity’s principal sources of funds (including any fundraising) Investment policy and objectives including any social investment policy adopted A description of the principal risks facing the charity Other ## **Structure, Governance and Management** |Description of charity’s
trusts:|| |---|---| |Type of governing document
(trust deed, royal charter)|Trust deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Scheme of Trust dated 8th May 1979 and amended by an
order of the Charity Commission dated 22nd January 1997| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|2 appointments can be made by Berkhamsted Town Council
and 4 appointments can be made by Berkhamsted Town Hall
Trust. Berkhamsted Town Hall Trust have not yet appointed
a replacement for David Vesey who resigned as a trustee on
30th November 2023.| **Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees The charity’s organisational structure and any wider network with which the charity works Relationship with any related parties Other ## **Reference and Administrative details** **----- Start of picture text -----**
Charity name Berkhamsted Market Fund
Other name the charity uses Berkhamsted Market
Registered charity number 278458
Charity’s principal address 196 High Street
Berkhamsted
Hertfordshire
HP4 3AP
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## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Colin Witt Chairman Berkhamsted Town Hall Trust
2 Cllr. Anne Foster Until 04/05/2023 Berkhamsted Town Council
Cllr. Rebecca From 04/05/2023 Berkhamsted Town Council
3
Mackenzie
Cllr. Robert From 04/05/2023 Berkhamsted Town Council
4
Stewart
5 David Vesey Resigned on 30/11/2023 Berkhamsted Town Hall Trust
6 Mark Lewis Berkhamsted Town Hall Trust
7 Paul Jenkins Berkhamsted Town Hall Trust
8
9
10
11
12
13
14
15
16
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– Corporate trustees names of the directors at the date the report was approved > **Director name** None Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** None ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|None| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|Not applicable| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|Not applicable| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| |Chartered
Accountant|HJP|Audley House, Northbridge Road, Berkhamsted HP4 1EH| |||| |||| |||| ## **Name of chief executive or names of senior staff members (Optional information)** None ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details There are no key personnel. ## **Other optional information** Declarations The trustees declar• that they have approved the trustees, report above. Slgned on behalf of the Charitys trustees Signature(s) Full name(s) Position (eg Secretary. Chair, etc) lan L￿1$ Hall Colin Wrti Secretary ChaiM￿n Date Oq loi 102+ BERKHAMSTED AIARKEf FUND RECEIPTS AND PAYAIENTS FOR THE TWELVE IIONfHS ENDED 31ST MARCH 2024 202>24 2022-23 RECEIPTS Rent 55.559 55.559 58,883 58,883 Bank Interest 55.559 58,883 PAYMENTS Electricty Independent Examiner Insurance Pafking License Rates Sundry Wages 977 621 279 1.500 193 220 1.991 5.933 2,212 SURPLUS OF RECEIPTS OVER PAYMENTS FOR THE YEAR 49.626 53.294 DISTRIBUTION OF SURPLUS 202212023 202312024 Cash loutfiow) for year STATEMENT OF ASSETS AND UABILITIES AS AT 31ST MARCH 2024 2024 2023 ASSETS Bank 1.809 683 FUND BALANCE Brought forward Surplus lor the year 683 789 50.309 54,083 Paid to Town Han Trust Trustee Truslee Date **NOTES TO THE ACCOUNTS** ## **Year Ended 31st March 2024** ## **1 ACCOUNTING POLICIES** The financial statements are prepared in accordance with applicable accounting standards. ## **2 DISTRIBUTION OF SURPLUS** The Market Fund's surplus of receipts and payments is paid over each year to the Trustees of the Berkhamsted Town Hall Trust in accordance with the Trust Deed. ## **3 CASH** ||**2024**|**2023**| |---|---|---| ||£|£| |Barclays Bank|1,808|676| |Cash in hand|1|7| ||1,809|683| CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to th8 trusteesl membets of Berkhamsted Market Fund On a¢¢ounts for the year ended 31 March 2024 Charity no (rf any) 278458 Set out on pages I report to the trustees on my examination of the accounts ofthe above charity llhe Trusv) for the year ended 31103 12024. Responsibilltles and Ns the charity trustees of the Trus( you are resrx)nsibk for the preparabon basls of report of the accounts in acc￿lanCe with the requirements of the Charities Act 2011 {°the Acr}. I re[￿ in resped of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicab￿ Directions given by the Charity Commission under section 145{5)Ib} of the Act I have compkted my examination. I confinn that no materHI matters have come to my attention (other than that disdosed below") in connection with the examination which gNes me cause lo believe that in. any material Independent examiner's statemont accounting r￿d$ We￿ not kept in accordance with section 130 of the Act or the actounts do not ac(yyd wtth the accounting records I have no concems and have come across no other matters in connectDn wtth the examination to which attention should be drawn in order to enable a proper understsnding of the acujunts to be reached. . Please dele wonls in the brackets rfthey do nol apply. Slgned: Name: Angela Peden FCA Relevant professional quallfication{s) or body (if any): FCA Addross: ALL ABOUT BUSINESS LIMITED. AUDLEY HOUSE NORTHBRIDGE ROAD BERKHAMSTEO, HERTS. HP4 1 EH IER October 2018 Section B Disclosure Only complete if the examiner needs to highlight matters of concem {see CC32, Indewndent examinatson of charity a¢xounts.' directions and guidance for examiners). Give here brief detalls of any iterns that the exarniner wishes to disclose. IER October 2018