2025-07-31-accounts

BERKHAMSTED TOWN HALL TRUST

NOTICE OF ANNUAL GENERAL MEETING

THE FORTY SIXTH ANNUAL GENERAL MEETING OF BERKHAMSTED TOWN HALL TRUST WILL BE HELD IN THE GREAT HALL OF THE TOWN HALL ON THURSDAY 27 NOVEMBER 2025 AT 8.00 P.M. FOR THE FOLLOWING PURPOSES:

1 Presentation of the Trustees report and accounts for the year ended 31 July 2025

2 Discussion on the administration of the Trust

3 Election of six Trustees

All inhabitants of the Town of Berkhamsted and the Parish of Northchurch who have attained the age of eighteen may attend the meeting and are eligible to vote.

Nomination forms for elected Trustees are available from the Trust Office in the Town Hall. Nominations must be received at the Trust Office not later than 12.00 noon on Friday 21 November 2025.

Trust Office By order of the Trustees 196 High Street Berkhamsted Ian Hall Herts Secretary to the Trust HP4 3AP Tel: [phone] www.berkhamstedtownhall.co.uk

Registered Charity no 278248

11 September 2025

The Meeting will be preceded at 7.30 p.m. by the Annual General Meeting of the Market Fund and followed at approximately 9.00 p.m. by a meeting of the Trustees to elect officers and to appoint committees and professional advisers.

BERKHAMSTED TOWN HALL TRUST REPORT OF THE TRUSTEES AND FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

CONTENTS

REPORT	Page
Legal and administrative information
Report	2
Formation	2
Trustees	2
Charitable object and policies	3
Organisation and administration	3
Appointment of Trustees	3
Trustee induction and training	3
Public benefit statement	3
Professional advisers and bankers	4
Associated organisations	4
Development, activities and achievements
Financial	4
Buildings	4
Ground Floor Tenancy	4
Community facilities	5
The Market Fund	5
‘The Friends’	5
People	6
Burns Night 2025	6
Financial review	6
Other matters
Assets and obligations	7
Investments	7
Risk management	7
Trustees’ responsibilities in relation to
the financial statements	8
Summarised financial statement
Summarised statement of financial activities	9
Summarised balance sheet	10
Balance sheet	11
Statement of financial activities	12

Detailed financial statements 13 to 21

PATRONS

Richard Mabey MA Tim Bentinck, 12th Earl of Portland MBE Esther Rantzen DBE David Sherratt

Page 1

LEGAL AND ADMINISTRATIVE INFORMATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

The Trustees present their annual report and financial statements of the charity for the year ended 31 July 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s Trust Deed, the Charities Act 2011 and 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) published on 16 July 2014.

FORMATION OF THE TRUST

The Trust was established in 1979 by a Scheme of Trust under Interim Trustees. This was in succession to earlier schemes for the Town Hall, which had latterly been administered by the Berkhamsted Town Council. In 1981 a new Scheme of Trust, approved by the Charity Commissioners, stated that the buildings were to be used as a community centre for the people of Berkhamsted and Northchurch. It also provided for the annual election of six Trustees and the appointment of other Trustees by certain local authorities and organisations who nominate their own representative.

TRUSTEES DURING THE YEAR TO 31 JULY 2025

Elected

Christine Cowie# Peter Elsworth# (Chairman) Iain Lang# Jeannie Stirrup#

Appointed

Richard Case# Berkhamsted Town Council Giles Clark# (Vice Chairman) Berkhamsted Arts Trust & Friends of the Town Hall John Gerry# Berkhamsted & District Chamber of Commerce Ian Reay# Hertfordshire County Council Representative Councillor Sally Symington # Dacorum Borough Council Christopher Talbot-Ponsonby# (Hon. Treasurer) Berkhamsted Citizens Association

Co-opted Jim Jukes#

Served as all year

No 278248 Registered Charity Trust Office 196 High Street, Berkhamsted, HP4 3AP

Page 2

CHARITABLE OBJECT AND POLICIES

Object

The Trust’s object is to provide community facilities in the Town Hall.

Policies

At the time the Trust was formed the Town Hall was almost derelict. In order to bring the building back into use the Trustees decided to lease the ground floor to commercial firms. The leasehold income together with grants, fund raising activities and loans raised on the security of future commercial income have enabled the rest of the building to be restored. The Trustees allow the community facilities to be hired out for other purposes to subsidise the running costs. Some ground floor locations, which are unsuitable for commercial letting, are now used for community purposes. The Trust’s policy on reserves has not yet been defined by the Trustees, because there have not yet been any reserves available after meeting planned commitments and other planned expenditure. There have been no changes in these policies since the last report.

ORGANISATION AND ADMINISTRATION

The Trustees normally meet every three months to discuss the Trust’s affairs. The Trustees are responsible for the financial matters, general Trust administration, commercial activities, the refurbishment and maintenance of the buildings, and the community facilities. Berkhamsted Town Hall Trading Limited, a wholly owned subsidiary company, manages the bar and catering facilities and covenants its profits to the Trust. The Town Hall Manager and the Finance Manager handle the Trust’s administration.

APPOINTMENT OF TRUSTEES

In 1981 a new Scheme of Trust, approved by the Charity Commissioners provided for the annual election of six Trustees and the appointment of other Trustees by certain local authorities and organisations who nominate their own representative.

TRUSTEE INDUCTION AND TRAINING

This is undertaken by the Chairman of Trust who briefs them on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, content of the Memorandum and Articles of Association, the committee and decision-making processes and recent financial performance of the Trust. Trustees are encouraged to attend appropriate external training events where these will add value to their role.

PUBLIC BENEFIT STATEMENT

The Trustees have considered the Charity Commission’s guidance on public benefit and as a result have continued to actively encourage new regular bookings for the benefit of the community. The majority of the regular hirers provide health and well-being activities to users, from toddlers to seniors. The Hertfordshire Hearing Advisory Service (Registered Charity number 1063430) operates out of the Town Hall, free of charge, on the second Tuesday of every month.

Page 3

PROFESSIONAL ADVISERS and BANKERS during the year to 31 July 2025

Bankers	Barclays Bank PLC, Hemel Hempstead
	Santander UK, Reading
Independent Examiners	HJP, Berkhamsted
Insurance Brokers	Bond Insurance Services, Potters Bar
Pension Advisers	Delta Financial Management Ltd, Elstree
Property Advisers	Aitchison Raffety, Hemel Hempstead
	Brasier Freeth, Watford
Solicitors	Austins Penny and Thorne, Berkhamsted
Surveyors	Robert Martell & Partners, Berkhamsted

ASSOCIATED ORGANISATIONS

The Market Fund - c/o Town Hall Trust Office, 196 High Street, Berkhamsted, HP4 3AP The Friends of Berkhamsted Town Hall - Chairman, Giles Clark, The Bothy, Berkhamsted Place, Berkhamsted, HP4 1HQ.

DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS

FINANCIAL

In this financial year, the Town Hall recorded a deficit of £19,006.

BUILDINGS

Other than routine maintenance there was no major expenditure on the building.

Ten-Year Roof Maintenance Plan

In this financial year, the maintenance plan was put on hold as there were no issues associated with roof leaks or slipped tiles.

GROUND FLOOR TENANCY

Prime Steak & Grill Ltd. continue as the ground floor tenant and make quarterly rental payments of £21,875 net in advance (£87,500 net per annum).

Page 4

COMMUNITY FACILITIES

In order to give the Trust a more guaranteed regular income from hires, emphasis is placed on increasing the number of regular hire bookings whilst leaving the majority of Friday and Saturday evenings available for ad hoc bookings such as weddings and private functions.

Hiring of halls Total income from community facilities	Income 2025 £ 47,394 47,394	2024 £ 46,198
		46,198

THE MARKET FUND

The street market continues to provide a major contribution to the finances of the Trust, with a surplus of £44,837 (2024 £49,981). The Trust has an indefeasible right to the profits of the market, which is administered by a separate trust of which this Trust has the right to appoint the majority of Trustees.

‘THE FRIENDS’

The Friends of Berkhamsted Town Hall is an independent organisation whose income is not dealt with in these accounts. All donations received from the Friends of Berkhamsted Town Hall are placed in restricted funds and are only spent on projects approved by the donor.

Page 5

PEOPLE

Volunteers

The Trust continues to benefit from the services of its volunteers, principally those who constitute the Friends of the Town Hall. The Trust would also like to record our appreciation of the services of Joan Aldous who manages the bookstall with great success.

Staff

The Trust is fortunate to have a loyal and enthusiastic staff, led by our Town Hall Manager, Ian Hall , who is endeavouring to build up an increased letting programme for the future whilst maintaining the existing high level of regular bookings. He is ably assisted by Pat Carter , Head Housekeeper, and by two Assistant Housekeepers, Stephen Carter and Lee Remice who joined in October 2024 as a replacement for Abbie Smith who had left in August 2024.

Bar and catering contractors

Marie Clout continues to provide an excellent bar service. Nic Leon of Alida Event Catering continues to provide an excellent catering service.

Independent examiners

The Trust has reappointed HJP of Berkhamsted as independent examiners of the Trust’s financial statements. This appointment is made by charities whose annual income and expenditure are both less than £250,000. It involves less responsibility and therefore lower fees.

BURNS NIGHT 2025

The Trust, in conjunction with Gadebourne Lodge (lodge number 6960), held a Burns Night Supper on 25th January 2025, which was co-ordinated by Peter Elsworth the Chairman of the Trust. This highly enjoyable and successful evening raised £775 for the Trust.

FINANCIAL REVIEW

The Statement of Financial Activities shows a decrease of 2.97% in the Trust’s income. The decrease is mainly attributable to a 10.29% decrease in revenue from the Market Fund (£5,144) and a 70.74% decrease in the catering commission received (£1,586).

There was a small decrease in expenditure of 0.54%. This was attributable mainly to a 26.45% reduction in expenditure on general maintenance (£7,572), which in the main was offset by a 28.71% increase in heat, lighting plus power (£5,503) and a 1.4% increase in gross wages (£1,430).

The net movement in funds is a deficit of £19,006 (2024 deficit of £14,428).

The Trust continues to reduce its repayment mortgage with Santander UK. In 2025 the mortgage was reduced by £15,363 (2024: £15,363) to £205,663.

A summary of the key figures in the full financial statements, which will be presented to the Annual Meeting, is shown later in this report together with the full financial statements.

Page 6

OTHER MATTERS

ASSETS AND OBLIGATIONS

In the opinion of the Trustees, the Trust’s assets at 31 July 2025 were adequate to meet the Trust’s obligations as they fall due.

INVESTMENTS

The Trustees invest any permanent endowments in Gilt Edged securities.

RISK MANAGEMENT

We confirm that the major risks to which the Trust is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks.

Page 7

TRUSTELS, RLSPONSIBILrfILs IN RELATION TO ThE FINANc￿L STATEME The charity trustees are responsible for preparing a ITUStees' annual re￿)rt and financial statements in acconlance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi¢e}. Company law and the law applicable to charities in England and Wales requirts the charity trnstees to prepare financial statements for each year, which give a true and fair vtew of the state of affalrs of the charitable company and of the incoming resourccs and application of ffwurce5 for that period. In preparing the financial statement& the tn￿ are required to: select suitable accounting tK)licies and the apply them consistently. observe the meth(rtJs and principles of the Charities SORP 2019 (FRS 102). make judgements and estimates that are reas)nable and prudent: slate whether applicable accounting standards have been followe4 subject to any material departures disclosed and explained in the f￿ancIal statemen prepare the financial statements on the going concern b&sis unless it is inappropriate to presume that the charity will Continue in business The trtjstees are reS￿nsIble for keeping proper accounting records that dis¢lose with reasonable accuracy at any time the financial p)sition of the charity and to enable them to ensure that the financial ststements comply with the Companies Act 21M)6, the Charities Act 2011. the Charity (Accounts 2nd Retrt)rts) Regulations 2008 and the provisions of the tnjst dced. They are also responsible for safeguarding the assets of the charity atid hence taking reasonable steps for the prevention and detrction of frdud and other irregularities. Approv the Trut on Ilth Septemb¢r 2025 by ChainDall of B¢rkhamsted Town Hall Trnst Berkhamsted Towp Hall T￿￿t 196 High Street Berlthamsted Herts HP4 3AP Regi8tered Charity No. 278248 Page 8

SUMMARISED FINANCIAL STATEMENT

The financial information on pages 9 and 10 is taken from the financial statements of the Trust for the year ended 31 July 2025. It does not contain sufficient information to allow for a full understanding of the affairs of the Trust. It excludes the assets, liabilities and cash flows of Berkhamsted Town Hall Trading Limited. The financial statements are on pages 11 to 21 and were approved by the Trust at its meeting on 11 September 2025.

The report of the independent examiner was unqualified.

SUMMARISED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025

Income Property income Hire of community facilities Trading Co. Market Fund Defibrillator Grant Donations, bequests and other income Total income Expenditure Community facilities Trust administration Property expenditure Total expenditure Net increase / (decrease) in resources from operating activities ( USE OF RESOURCES FOR CAPITAL EXPENDITURE Net increase / (decrease) ( Depreciation Capital expenditure ( Resources available for future spending, subject to commitments to repay loans, increased / (decreased) by (	2025 £ 87,500 47,394 656 44,837 0 5,922 186,309 186,241 8,450 10,624 205,315 19,006 ) ( 19,006 ) ( 10,380 1,625 ) 10,251 ) (	2024 £ 87,500 46,198 2,242 49,981 500 5,581 192,002 186,377 8,450 11,603 206,430 14,428 ) 14,428 ) 10,380 0 4,048 )

Page 9

SUMMARISED BALANCE SHEET AS AT 31 JULY 2025

		2025		2024
		£		£
Fixed Assets
Property and equipment		683,816		692,571
Investments		0		0
Total Fixed Assets		683,816		692,571
Amounts owing to the Trust		21,179		19,772
Bank balances		33,487		58,399
Less
Amounts due by the Trust in the next year	(	41,911 )	(	39,802 )
Net Current Assets / (Liabilities)		12,755		38,369
Less amounts falling due in more than one year	(	190,300 )	(	205,663 )
Net Assets		506,271		525,277
Funds
Beginning of year		525,277		539,705
Net increases / (decreases) in resources	(	19,006 )	(	14,428 )
Revaluation of investment		0		0
End of year		506,271		525,277
The closing balances on the reserves are as follows
Permanent Endowment - Restricted		198		198
Development Fund - Restricted		2,989		2,989
Unrestricted Funds		503,084		522,090

Page 10

BERKHAMSTED TOWN HALL TRUST BALANCE SHEET AS AT 31 JULY 2025 Total Prior Nrt¢ 21124 Tangible Fixed A&￿e(S Investments 683,816 683,816 692.571 Curretyt Assets Debtors 10 21.179 21.179 19.772 Totsl C4rre]rt Ass¢ts 198 54 Cmrrellt Liabilities CrediLOTS: arnounts f811ing within oneyear N¢t Cwrreut Assetsl(Llbllltks} 41.911 ) 14 198 693 J84 1989 198 696.571 730,940 LoBg Tem Liabilities Credilor5.' anM)Jnts f￿1[￿8 due in tThTrre than one year iii { ) ( 190.300 ) ( 205,663 ) Asyets 506 The of the CbTity Pennaneni En<k)wncrEt Restricted Fwjds Unrestricied Funds 198 198 2,989 503 084 198 2.989 13 13 1989 Totsl Ch*rity Fumds 52 506 271 ￿￿77 The notes at pages 12 to 21 forni part of these accounts Approved by the T stees on I lth September 2025 and Sign￿ on their behalf by: Peter Elsworth - Chaimian of the TnLSt Trust OITice 196 High Street Berkhamsted Herts HP4 3AP Registered Charity No. 278248 Pagell

BERKHAMSTED TOWN HALL TRUST STATEMENT OF FINANCIAL	BERKHAMSTED TOWN HALL TRUST STATEMENT OF FINANCIAL	BERKHAMSTED TOWN HALL TRUST STATEMENT OF FINANCIAL	ACTIVITIES FOR THE	ACTIVITIES FOR THE	YEAR ENDED 31 JULY 2025 - INCOME & EXPENDITURE ACCOUNT	YEAR ENDED 31 JULY 2025 - INCOME & EXPENDITURE ACCOUNT	YEAR ENDED 31 JULY 2025 - INCOME & EXPENDITURE ACCOUNT	YEAR ENDED 31 JULY 2025 - INCOME & EXPENDITURE ACCOUNT	YEAR ENDED 31 JULY 2025 - INCOME & EXPENDITURE ACCOUNT	YEAR ENDED 31 JULY 2025 - INCOME & EXPENDITURE ACCOUNT	YEAR ENDED 31 JULY 2025 - INCOME & EXPENDITURE ACCOUNT
	Note		2025	2025	2025	2025		2024	2024	2024	2024
			UNRESTRICT	RESTRICT	PERMANENT	Total		UNRESTRICT	RESTRICT	PERMANENT	Total
					ENDOWMENT					ENDOWMENT
			£	£	£	£		£	£	£	£
INCOME
Property income			87,500			87,500		87,500			87,500
Community facilities income			47,394			47,394		46,198			46,198
Trading Co.	16		656			656		2,242			2,242
Market fund	2		44,837			44,837		49,981			49,981
Donations/Bequest	3		2,490			2,490		2,435			2,435
Defibrillator Donations			0			0		350			350
Defibrillator Town Council Grant			0			0		500			500
Burns Night income			2,645			2,645		1,625			1,625
Interest receivable			787			787		1,171			1,171
TOTAL INCOME			186,309			186,309		192,002			192,002
EXPENDITURE ON
Charitable activities - hall management	4	(	186,241	)	(	186,241	) (	186,377	)	(	186,377	)
Other expenditure	5	(	19,074	)	(	19,074	) (	20,053	)	(	20,053	)
TOTAL RESOURCES EXPENDED		(	205,315	)	(	205,315	) (	206,430	)	(	206,430	)
NET MOVEMENT IN FUNDS		(	**19,006 **	)	(	**19,006 **	) (	**14,428 **	)	(	**14,428 **	)
RECONCILIATION OF FUNDS
Total funds brought forward			522,090	2,989	198	525,277		536,518	2,989	198	539,705
TOTAL FUNDS CARRIED FORWARD			503,084	2,989	198	506,271		522,090	2,989	198	525,277
USE OF RESOURCES TO ACQUIRE FIXED ASSETS FOR CHARITY		USE
Net movement in funds		(	19,006	)	(	19,006	) (	14,428	)	(	14,428	)
Capital expenditure		(	1,625	)	(	1,625	)	0			0
Depreciation			10,380			10,380		10,380			10,380
Resources available for future spending, subject to
commitments to repay loans, increased by		(	10,251	)	(	10,251	) (	4,048	)	(	4,048	)

Page 12

DETAILED FINANCIAL STATEMENTS

BERKHAMSTED TOWN HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1 ACCOUNTING POLICIES

1.1 Basis of Preparation

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts (financial statements) have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

Berkhamsted Town Hall Trust meets the definition of a public benefit entity under FRS 102.

The functional currency used in preparing the accounts is GBP (British Pound).

1.2 Financial Reporting Standard 102 – Reduced Disclosure Exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by Charities SORP FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’:

The requirements of Section 7 – Statement of Cash Flows

1.3 Funds Structure

Unrestricted income funds comprise those funds, which the Trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the Trustees, at their discretion, have created a fund for a specific purpose.

Restricted funds are funds, which are to be used in accordance with specific restrictions imposed by the donor or trust deed.

Transfer between funds, the donations by the Friends of the Town Hall are allocated to restricted funds, then any of their donations authorised to be spent on capital items are transferred to unrestricted funds.

1.4 Income Recognition

The recognition of incoming resources is based on when the charity becomes entitled to the resources, when the Trustees believe that there is sufficient certainty that receipt of the resources is considered probable and when the monetary value can be measured with sufficient reliability.

Property income and income derived from room hires is recognised as earned (that is, as the related services are provided).

Donations are credited in the year in which they are received and if given for a specific purpose are included in restricted funds.

Page 13

NOTES TO THE FINANCIAL STATEMENTS

1.5 Expenditure Recognition

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.

1.6 Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

1.7 Allocation of Overhead and Support Costs

Staff costs are allocated on a time basis and other expenses/depreciation on an actual basis and interest on occupation area.

The remaining costs are allocated as a lump sum between the expenditure categories of the Statement of Financial Activities report.

1.8 Tangible Fixed Assets and Depreciation

Fixed Assets are depreciated on a straight-line basis over their estimated useful lives at the following ratesBuildings 1% (100 years) Furniture and equipment 20% (5 years)

No fixed assets write-down assessment was deemed necessary.

1.9 Fixed Assets Investment

Investments are shown at middle-market value as at the balance sheet date.

1.10 Pensions

In accordance with the Pensions Act 2008 all employees of the charity are automatically enrolled into a workplace pension scheme, which is managed by NEST (National Employment Savings Trust). The Trust’s contribution is restricted to the contributions disclosed in note 15.

The Trust has made pension contributions of 3% to NEST in the year with a further 5% contributed by employees of the Trust. The Trust has no liability beyond its 3% contributions and paying across amounts deducted from employees in respect of their 5% contributions.

1.11 Debtors and Creditors Receivable / Payable Within One Year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.12 Government Grants

Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

2 MARKET FUND

The income from this fund arises from the Berkhamsted street markets and the Trust has an indefeasible right to the excess of income over expenses of this fund.

Page 14

NOTES TO THE FINANCIAL STATEMENTS

3 GRANTS / BEQUESTS / DONATIONS

Defibrillator Grant Grants Bequests Donations - Friends Burns Night Defibrillaror Other Bookstall	2025 £ 0 0 150 775 0 250 1,315 2,490	2024 £ 500 0 150 503 350 500 1,282
		3,285

4 EXPENDITURE ON CHARITABLE ACTIVITIES

Hall Management	2025 £ 186,241 186,241	2024 £ 186,377
		186,377

The Trustees, wherever possible, have sought in agreements to exclude themselves from personal liability and in addition, the combined commercial insurance policy covers their personal liability as Trustees.

5 OTHER COSTS

Property Trust Administration	2025 £ 8,450 10,624 19,074	2024 £ 8,450 11,603
		20,053

Page 15

NOTES TO THE FINANCIAL STATEMENTS

6 ALLOCATION OF GOVERNANCE AND OTHER SUPPORT COSTS

The breakdown of support costs and how these were allocated between governance and other support costs is shown in the table below.

Cost Type	Total	Governance	Other	Basis of
	Allocated	Related	Support	Apportionment
			Costs
	£	£	£
Staff Costs	103,611	5,471	98,140	Staff time
	103,611	5,471	98,140

Allocation of staff time is based on 15% of the manager's salary covering trustee meetings and accounting.

Governance Costs Independent Examiner's Fees Professional Fees Support Costs (see above)	2025 £ 4,460 0 5,471 9,931	2024 £ 4,248 0 5,382
		9,630

The total support cost attributable to charitable activities is applied to the Hall Management activity.

Allocation of governance and other support costs

Hall Management	2025 £ 108,071 108,071	2024 £ 106,429
		106,429

7 ANALYSIS OF RESOURCES USED

Governance & Support £ Hall Management 108,071 Administration Property 2025 108,071 2024 106,429	Other Depreciation Interest £ £ £ 59,367 10,380 8,423 8,450 2,200 8,424 70,017 10,380 16,847 70,815 10,380 18,806	Total £ 186,241 8,450 10,624 205,315
		206,430

Page 16

NOTES TO THE FINANCIAL STATEMENTS

8 TANGIBLE FIXED ASSETS

The Trustees own the freehold of Berkhamsted Town Hall, which comprises three separate but integrated buildings - the Town Hall, the Sessions Hall and the Market House.

Cost New Intruder Alarm Sytem Net Book Value as at 31 July 2025 Charge for year At 31 July 2025 31 July 2024 At 1 August 2024 At 31 July 2025 Depreciation At 1 August 2024	Freehold Furniture and Property Equipment £ £ 1,038,054 8,800 0 1,625 1,038,054 10,425 345,483 8,800 10,380 0 355,863 8,800 692,571 0 682,191 1,625	Total £ 1,046,854 1,625 1,048,479	Total £ 1,046,854 1,625 1,048,479
			354,283 10,380 364,663
			692,571
			683,816

9 INVESTMENTS

There are currently no investments.

10 DEBTORS

Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount.

Rental debtors Other debtors Prepaid expenses	2025 £ 826 253 20,100 21,179	2024 £ 518 473 18,781
		19,772

Page 17

NOTES TO THE FINANCIAL STATEMENTS

11 CREDITORS – Amounts falling due within one year

Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt. Amounts which are owed in more than a year are shown as long-term creditors.

Mortgage - Santander - payments Mortgage - Santander - interest ( Mortgage - Santander (1) - amount due Other creditors and accruals Rent in advance	2025 £ 32,210 16,847 ) ( 15,363 4,744 21,804 41,911	2024 £ 34,169 18,806 ) 15,363 4,525 19,914 39,802

12 CREDITORS - Amounts falling due in more than one year.
12.1 Santander Mortgage
	2025	2024
Mortgage - Santander (2)	£	£
Forecast balance remaining as of 31st July 2026	190,300	205,663

The Town Hall freehold property and building is the subject of a charge in favour of Santander UK. The remaining term of the mortgage at 31 July 2025 was 13 years, and the rate of interest at 31 July 2025 was 3.0% base rate plus 4.217% UK SONIA rate.

Actual Mortgage Santander UK Mortgage - Commenced on 28th August 2013 Mortgage - Santander total outstanding as of 31st July 2025 Mortgage - Santander (2) Mortgage - Santander (1) [from note 11]	2025 £ 15,363 190,300 205,663	2024 £ 15,363 205,663
		221,026

The Freehold Property is stated at net book value in the Balance Sheet at £682,191 per Note 8.

The aggregate of the mortgage (£205,663) represents 30.15% of the net cost of the freehold property on which it is secured.

Page 18

NOTES TO THE FINANCIAL STATEMENTS

13 FUNDS

(a) The Permanent Endowment Fund

This represents the balance of funds transferred to the Trust at its inception in 1981.

(b) Restricted Fund

This fund represents donations and grants received to refurbish the Town Hall less amounts expended on purchase of Fixed Assets and renovation expenditure.

Permanent Restricted Unrestricted Endowment Funds Funds £ £ £ At 1 August 2024 198 2,989 522,090 Funds received Revenue income (net) ____ ( 19,006 ) ( At 31 July 2025 198 2,989 503,084	Total £ 525,277 0 19,006 ) 506,271

14 ANALYSIS OF NET ASSETS

Permanent Restricted Unrestricted Endowment Funds Funds £ £ £ Fixed Assets 683,816 Net Current Assets / (Liabilities) 198 2,989 9,568 Long Term Liabilities ( 190,300 ) ( Investments ____ 198 2,989 503,084	Total £ 683,816 12,755 190,300 ) 0 506,271

Page 19

NOTES TO THE FINANCIAL STATEMENTS

15 ANALYSIS OF STAFF COSTS, TRUSTEES’ REMUNERATION AND EXPENSES, AND REMUNERATION OF KEY MANAGEMENT PERSONNEL

Salaries and Wages NEST Pension Scheme National Insurance	2025 £ 99,067 3,192 1,352 103,611	2024 £ 98,376 2,749 1,056 102,181

The average number of employees during the year was 4 (2024: 4) with all employee time involved in providing either support to the governance of the charity or support services to the charitable activity (hall management).

The trustees were not paid by or received any other benefits from the Trust (2024: £Nil) neither were they reimbursed expenses during the year (2024: £Nil). No trustee received payment for professional or other services supplied to the Trust (2024: £Nil).

The Trust considers that its key management personnel comprise solely of the Manager. The total employment benefits including employer pension contributions of the key management personnel were £36,474 (2024: £35,878). No employee had benefits in excess of £60,000 (2024: none).

16 BERKHAMSTED TOWN HALL TRADING LIMITED

The company was incorporated as a wholly owned subsidiary of the Trust on 7 September 1997 and commenced trading in May 1998 and receives the commission from the catering services provided.

In the opinion of the Trustees the assets and liabilities are immaterial to the Trust's affairs and therefore group accounts have not been prepared.

At 31 July 2025 the profit from Berkhamsted Town Hall Trading Limited was:

	2025	2024
	£	£
Profit for year	656	2,242

When there is a profit, it is donated under a Deed of Covenant to the Trust.

17 RELATED PARTY TRANSACTIONS

There were no related party transactions (2024: none).

Page 20

NOTES TO THE FINANCIAL STATEMENTS

18 CAPITAL COMMITMENTS AND FUNDING

At 31 July 2025 the capital commitments not provided for in the accounts was £ Nil (2024: £Nil).

19 ULTIMATE CONTROLLING PARTY

The opinion of the Trustees is that the Ultimate Controlling Party of the Berkhamsted Town Hall Trust is the Trustees themselves.

Page 21

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees BERKHAMSTED TOWN HALL TRUST On accounts for tho year ended 31 JULY 2025 Charity no lif any) 278248 Set out on pages 1-2 l ￿port to the trustees on my examination of the a(x￿ntS of the atM)ve chafity (Ihe Trustl for the year ended 31 Juty 2025. Responsibilities and basis of report As the charity's trustees. you are res￿nsIble for the p￿paratIOn of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act"). I report in respeca of my examination of the Trusvs a(xounls carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given ty the Charity Commission under sectton 145{5){b) of the Act. Independent I have compleled my examination. I confirm that no material matters have examinerfs statement come to my attentk)n in (*)nneclion with the examination which gives me cause to believe that in, any material respect.. the arLounling records were not kept in accordan￿ with sectk)n 130 of the Charities A(X", or the accourrts did not ac￿rd with the ac£ounting records. I have no ￿ncernS and have come across no other matters in connection wrth the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: ANGELA PEDEN FCA Relevant professional qualification{sl or body lif any): FCA Address: ALL ABOUT BUSINESS LIMITED, AUDLEY HOUSE NORTHBRIDGE ROAD BERKHAMSTED, HERTS. HP4 1EH IER Oct 2018

Section B Disclosure Only complete if the examiner needs to highlight malerial matters of concem (see CC32, Independent examinatson of chartty accounts. direcb.ons and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018