## **Trustees’ Annual Report for the period** **Period start date 01/04/2022 Period end date 31/03/2023 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** Review of the charity’s In this financial year there was a surplus of receipts over financial position at the end payments of £53,294 (2022: £47,834). of the period The trustees were not paid by or received any other benefits from the Market Fund (2022: £Nil) neither were they reimbursed expenses during the year (2022: £Nil). No trustee received payment for professional or other services supplied to the Market Fund (2022: £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 **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 Council were only able to make 1
appointment for this year.| **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
**----- End of picture text -----**
## **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 From 16th May 2022 Berkhamsted Town Council
Jeannie Stirrup Until 24th November Berkhamsted Town Hall Trust
3
2022
4 Paul Jenkins Berkhamsted Town Hall Trust
5 David Vesey Berkhamsted Town Hall Trust
Mark Lewis Until 24th November Co-opted trustee
6
2022
Mark Lewis From 24th November Berkhamsted Town Hall Trust
7
2022
Cllr. Geraldine Until 16th May 2022 Berkhamsted Town Council
8
Corry
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
## – 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 declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|| |---|---| ||Ian Lewis Hall
Colin Witt| ||
Secretary
Chairman| ||| ||| **BERKHAMSTED MARKET FUND** **RECEIPTS AND PAYMENTS FOR THE TWELVE MONTHS ENDED 31ST MARCH 2023** ||||**2022-23**||**2021-22**| |---|---|---|---|---|---| ||||**£**||**£**| |**RECEIPTS**|||||| ||Rent||58,883||53,779| ||Bank Interest||58,883
0||53,779
0| ||||**58,883**||**53,779**| |**PAYMENTS**|||||| ||Electricity||977||910| ||Independent Examiner||621||603| ||Insurance||279||279| ||Parking License||1,500||1,500| ||Rates||0||338| ||Sundry||0||103| ||Wages||2,212||2,212| ||||**5,589**||**5,945**| |**SURPLUS**|**OF RECEIPTS OVER**||||| |**PAYMENTS FOR THE YEAR**|||**53,294**||**47,834**| |**DISTRIBUTION OF SURPLUS**|||||| ||2021/2022|789||505|| ||2022/2023|52,611|53,400|47,045|47,550| |Cash (outflow) for year|||106||-284| |**STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 2023**|||||| ||||**2023**||**2022**| |||Note|||| |**ASSETS**|||||| |Bank||3|683||789| ||||683||789| |**FUND BALANCE**|||||| |Brought forward||789||505|| |Surplus for|the year|53,294||47,834|| |||54,083||48,339|| |**Paid to Town Hall Trust**|||||| |||53,400|683|47,550|789| Trustee __________________________ Trustee __________________________ Date _____________ **NOTES TO THE ACCOUNTS** ## **Year Ended 31st March 2023** ## **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** ||**2023**|**2022**| |---|---|---| ||£|£| |Barclays Bank|676|775| |Cash in hand|7|14| ||683|789| CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts SectioD A Independent Examiner's Report Report to fthe trustee&l members of Berkhamsted Market Fund On accounts forthe year ended 31 March 2023 Charity no {if any) 278458 Sot out on pages I report to the ttustees on my examinatson of the a(￿Unts of the above charity I'the Trusf) for the year ended 3110712023 Responsibilities and As the charity trustees of the Trust, you are responsible for the preparatton basis of report of the a(Loun"ts In ac￿dance with the reqUirem￿ts of the Charities Act 2011 fthe Acr) I reFQrt in respect of my examination of the Trusys accounts carried out under SeCt￿n 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5llbl of the Act I have compleled my exammation. I confi￿.that no material matters have come to my attention in Ix)nnection with the eXaMinat￿n which gives me cause to believe that in. any malerd respect" accounting records V&Ere not kept in aC£Ordan￿ wth section 130 of the ALt or the accounls do not awd wth the acuunting records Independent examiner's ststement I have no COn￿mS and have come across no Dther matters in connectic wtth the examination to which attent￿n should be drawn in order to enable a proFer urnlerstsndir¥J of the accounts to be reached. Signed: Date: 2ts111 IciJ2 Name: Angeia Peden FCA Relevant professional qualificalionlsl or body (If any): FCA Address: ALL ABOUT BUSINESS LIMITED. AUDLEY HOUSE NORTHBRIDGE ROAD BERKHAMSTED, HERTS, HP4 1EH Section B Disclosure Only cotnplete if the examiner needs lo highlHJht matters of concern {see CC32, Independent eXaMinat￿n of charity a¢counls'. directions and guidan￿ for examiners}. Give here brief details ol any items that the examiner wishes to discloso. Declarations The tTUStee8 declare that they have approved tho trustees, report above. Signed on behalf of the clwitys trustees Signaturefs) Full namo(s) Posilion {eg Secretary, hair. etc) lan Hall Cotin V Chaimian ICJ I io/2023 BERKHAMSTED lIARK￿ FUND RECEIPTS AND PAYMEKfs FOR THE TWELVE 1A0P￿Hs ENDED 31ST MARCH 2023 2022-23 2021-22 REC￿pTs Rent 58.883 58,883 53.779 53.779 k Interest 58.883 53,779 PAYMENTS Ekntri¢ity Indepthent Examir Insuran Parktng Li￿r 977 621 279 910 603 279 1,500 338 103 2.212 SuThJry Wages 2,212 SURPLUS OF RECEIPTS OVER PAYMEXTS FOR THE YEAR 53.294 47,834 DISTRIBUTION OF SURPLUS 202112022 202212023 Cash lL¥rtrb￿Tr foryear 789 611 53 41J) STATEIIENT OF ASSETS AND L￿B1LrrIEs AS AT 31ST MARCH 2023 2023 2022 ASSErs Bank 683 789 789 FUND BALANCE Bfought forl￿￿rrj Surptus lor Ihe year 505 54,083 48.339 Paid to Town Hall Tn*t 683 789 Tnthe Tru*e Date 10