CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period perk start date 0110412020 Period end date 3110312021 Charity name: Berkhamsted Market Fund Charity regtration number. 278458 Objectives and Activities Summary of the purposes of the charity as set out in its ovemi document Summary ofthe main actiwtres in relab.on lo those purposes for the pubfic benefit, in parts"cular. tt actiwties. projects or servw identified in acCnts. The BeTkhamsted Market Fund's objects are upkeep and maintenance of the prorerty of the Berkhats T(Y4vn Hall Trust. another r istered chari The Berkhamsted Market Fund is the present ¢y•mer of the rights to control trading on the Berkhamsted market pla. The rights, which are prescriptwe {that is unwritten). have en in e$tele Sin Saxon times. Tr rnaet rAace consists ofthe fcK)Iways on both sides ofthe High Strt from St Peterfs Church to Sayers Almshouses. The IrMe from market FAace. aft rreetirvJ the market expenses, is paid in fvll to the Berkhamstgj TrAYn Hatl Trust in acts)rdance with the ave owts. The main is overseeing the runniNJ of the Sattrrday atxl Wednesday Markets ts the community of Berkhamsted aThJ overseeing the running ofthe Famiers, Market and other J markets e. . lntemth.onal MaiketS. The Trustees have considered the Charity Commission's guidance on public neffit and as a result have ¢tInued to acltvely erj[age attract new stallhokJer5 and markets ftx the tefft ofthe o)mmunty. Statement (x)nfifming whether the trustees have had rard to the guKdan issued by the Charity Commission on publ Iefit Additional inforniation loptlonal) You ma chc¥)se to include further statements ere relevant atout Policy on grant making Policy on wral investnH)t including program related investrnent Contn'bub"¢Jn made ty volunteers
Achlevements and Perf0mnCe AN surFAus Mon frcxn Berkhamsted Market Fund are transferr&l to Bwkhamsted T(yem Hall Trustto assistwth the ukeep 2nd Maintenan of the propety of Berkhamsted T¢M Hai Trust Summary of the main achievements of the Chlty, identifying the difference charity's work has made to the circumstances of its beneficiaries and any wYer enefits to lety as a whole. The Wednesday aThJ Saturday markets, when they have teen perynitted to tske pt&e this year, as per the Govemmenys ILd(n restrtdions, conts.nue to attract visitors and nltS ofthe IcKal communtty to Berkhamslgj High Street. which also teneffts other High Str*t bas1 shops and tAlneSseS. Addiltonal infomwtion {optlonal} You ma ChC to indude further statements vthere relevant aLt Achievements against ok¥"ectives set Perfonnance of fundFaisir activrties against objectives set Investment performan Jainst obiecbves Other
Financial Review Review of the charity'5 financial positK)n at the end of Ihe period Tabng into acCnt the impBct of the Pandern and the various Govemment kckdovms this has been a drfficuf( year for many busIress and eharFb"es including the MaTket Fund. There was a surplus of weipts over payments of £37,230 {2020." £50.W)). This was a de¢rease of£13,760 on the prewous yearfs sUU$. This was attributable to the vari(yJs Governrrt lockiknvns and Wld have twi a loi worse bMth(Krt the COVltk19 retail, hospitality & leisure grant of £10.fXX) from Drurn Borough Courril. The trnstees were not paNJ by or rEreived any other beneffts fr(xn the maet Fund 12020. £Nill neither were they mbursed expertses during theyear12020: £Nill. No trustee eived payment for professional other services supplEd to the Market Fund {2020'. £NI). Statement exptaining the policy for holding resffts statin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties ab(yJt the charity continuing as a wng There is no policy v17th re$t to reseNes as all surplus mon$ & transferr&J to Berkhamsted Tovm Hall TNSL Nota licabte Not applicable Not applicat Not applrable Additional InfOrntion {optionall You ma choose to include furlher statements v#here relevant about The charity's prirripal sources of funds (includirvJ any fundrai&Ng} Investment wAicy and obj'ecttves induding any social investment FK)Iicy adopted A description of the princlpal risks facirvJ the thlty Other
Structure, Governance and Management Descripti ot charity's trusts". Type of goveming document Trust deed How is the chartty constituted? Scheme of Trust dated 8th May 1979 and amended by an (Kder of Charity commiss dated 22nd January 1997 Trustee sdeCtI meth(Js including details of any onstrtutional provisions e.g. elecb.on to >x)st or name of any person or body entit1 to appoint one or rne trustees 2 aprN)intments m by Berkhamsted Town Council and 4 appoirrtments made by Berkhamsted Town Hall Trust Berkhamsted Tchvn C(xJncil Te onty able to make 1 apwintment for this year. Additional irfornmtion loplional) You ma choose to include further statements *there relevant a Policies and prctedures adopted for the induth.on and training of ttee5 The chanty's organisth.onal structure and any wi(Jer nerk with which the charity works Relationship with any related parbes Reference and Administrative details Cha name Other name the chari Re istered chari numter Charity's principal address BehaMsted Market Fund Berkhamstel Market 278458 1 High Strt Berkhamsted Hertford5hire HP4 3AP
Names of the charity tnth who manage the charlty Office lil Name of r$On lor body) wrtsllad toa ifa Colin Vtt Chaimwi Berkhamsled Town Hall Trust Cur. Gerakline Corry Jeannie Stimjp Paul Jenkn"ns Berkhamsted Town Council BerkSted Town Hall Trust Berkhamsted Town Hall Trust DavKf Vesey Mark Lews Berkhansted Town Hall Tftt$t From 17103121 clpted 10 11 12 13 14 15 16 17 18 19 20 Co rale trustees- narnes of the dirryXor5 at the d* tt dsa Director name Name of trteeS holding title to woperty ting to the charity TrUSe nam•
Funds held as custodian tTUStees on behalf of others De*ription oflhe assets held in this cawty Name objects of the charity on whose behalfthe assets are hdd and hcfftN this falls within the custojkqn charity's Obits Not apptut4e Details of arrangements for safe custody aThJ segregation of such assets from the charity's own assets Additional Informknn loiAional Names and addres8e8 of a(fvisers {OptKbnal infonnknon) Type of Nam? Address adviser Chartered Accountant HJP Audley House. Nc#1hbridge Road, Berkhamsted HP4 1EH Name of chlef executlve or names of seniorslaff mefflbers (oplal infomialionl None Exemptions from disclosure Reason for non-disdosure of ke Thefe are no key personnd. nel details Other o tional inforniation
Daclarations Slgngd on b•halfof the ¢harity$ trytee$ Signaturfjls) Full name(s) Posllion leg Secretary, Chair. etc) lan Le Hall Colin Wttt Chairrnan
BERKHAMSTED MARKEf FUND RECEIPTS AND PAYIIENTS FOR THE TWELVE PXINTHS ENOED 31ST klARCH 2021 201fv211 RECEIPTS Rent 42.413 42,413 57.760 57.760 Bank In 57.760 PAYMEKrs Insurance 279 Rates Sunty Wages 995 270 2.212 2,212 4183 SURPLUS OF RECEIPTS OVER PAYMENTS FOR THE YEAR 37330 $0,990 DISTRIBUTION OF SURPLiIS 2019r2020 2020r2021 Cash l*JuMow} knyear 1,375 510 87 STATEMENT OFAssEfs AND UABIUTIES AS AT31ST MARCH 2021 2021 21120 ASSETS Bank 505 505 1,375 FUND BALANCE Brought fcrnrd Suwus for the ye 1.375 37 38,805 895 Paid to Tm Hall Tn¥t 51.885 510 TTUStee Date oo P4e1 of2
NOTES TO THE ACCOUIITS Y•*r Ended 31st IAarth 2021 I ACCOUNTING POLICIES 2 DISTRIBUTION OF SURPLUS Market Funrfs WF4us rf r8• arKI paYnts is pad over each yearto Ihe Trustees ofthe B8rkhamsted T(swn Hall Trust in acoydm with Ihe Trusl Deed. 3 CASH 2021 2020 Barcjays Bank 1,375
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of BERKHAMSTED MARKET FUND On accounts for the year ended 31 MARCH 2021 Charity no (if any) 278458 Set out on pages I report to the trustees on my examination of the accounts of the above charityllhe Trust") for the year ended 3110312021_ Responsibllltles and As the charty trustees of the Trust. you are responsible for the preparation basls of report of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act.). I report in respect of my examination of the Trust's accounts carried out under sedion 145 ofthe 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(51{b) of the Act. I have Gompleted my examination. I confimi that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect-. accounting records Yre not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no GOnmS and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Slgned: Dale: 22-Ii_I Name: ANGELA PEDEN Relevant professional qualification(s) or body (If any}: FCA Address: ALL ABOUT BUSINESS LIMITED, AUDLEY HOUSE NORTHBRIDGE ROAD BERKHAMSTED. HERTS. HP4 1EH Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of tharity accounts" directions and guidance for examiners). IER October 2018
Give here brief details of any items that the examiner wishes to disclose. IER October 2018