2025-03-31-accounts

Trustees’ Annual Report for the period

Period start date 01/04/2024 Period end date 31/03/2025 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, Sunday and Wednesday markets for the community of Berkhamsted 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 Saturday, Sunday and Wednesday markets, continue to charity’s work has made to attract visitors and members of the local community to the circumstances of its Berkhamsted High Street, which also benefits other High beneficiaries and any wider Street based 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 £44,515 (2024: £49,626). The decrease of
of the period £5,111 can be attributed in the main to the cost of living crisis
resulting in lower footfall. In addition an estimated £600 of
rent from the Saturday market on 18th January 2025 was
stolen from Mike Smith whilst in transit at gunpoint (Police
Report Reference No 432500031985) and Petals the Florist,
failed to pay their market area usage charge of £1,500 before
1st April 2025.
The trustees were not paid by or received any other benefits
from the Market Fund (2024: £Nil) neither were they
reimbursed expenses during the year (2024: £Nil). No trustee
received payment for professional or other services supplied
to the Market Fund (2024: £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
----- End of picture text -----

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 who have only made 3 appointments to date.

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
Cllr. Robert Berkhamsted Town Council
2
Stewart
Cllr. Rebecca Berkhamsted Town Council
3
Mackenzie
4 Mark Lewis Berkhamsted Town Hall Trust
5 Paul Jenkins Berkhamsted Town Hall Trust
6
7
8
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 Slgned on behalf of the charity's trustees Signaturels) Full name(s) Position (eg Secretary, Chair. etc) lan Hall Se(xetary Trustee so 11012£51<

BERKHAAISTED lIARK￿ FUND RECEIPTS AND PAYIIENTS FOR THE TWELVE Moimis ENDED 31ST MARCH 2025 20242S 2023-24 RECEIPTS Rent 50,704 50.704 55,559 55.559 Bank Interest $0.704 55.559 PAYMENTS Ele¢trioty IndeFendent Examiner Insurance Parking kncense Rates Sundry Wages 1,349 712 202 1.500 214 665 193 1,500 220 2,212 6.189 1,991 5.933 SURPLUS OF RECEIPTS OVER PAYMENTS FOR THE YEAR 44.515 49.626 DISTRIBUTION OF SURPLUS 2023r2024 2024r2025 Cash (outfiow) for year 1.809 STATEIAENT OF ASSETS AND LIABILMES AS AT 31ST MARCH 2025 2025 2024 ASSETS Bank 174 174 1.809 FUND BALANCE Brought foN￿rd Surplus for the year 1.809 683 49 626 50.309 46.324 Paid to Hall Tn*t 174 Trustee Tnjstee Oate 20 tol202

NOTES TO THE ACCOUNTS

Year Ended 31st March 2025

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

	2025	2024
	£	£
Barclays Bank	174	1,808
Cash in hand	0	1
	174	1,809

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustee rnembers of Berkhamsted Market Fund On accounts for the year ended 31 March 2025 Charity no (rf any) 278458 Set out on pages I report to the trustees on my examinalion of the accounts of Ihe above charity {llhe Trustl for the year ended 31103 12025. Respon$ibilities and As the charity trustees of the Trust, you are responsible for the p￿paratiOn basis of report of the accounts in acc(Kdance with the requiremenls of the Charities Acl 2011 (￿he Act.). I report in resped of my examination of the Trust's a¢¢ounts carried out under section 145 of the 2011 Act and in carrying out my examinalion, I have followed the appli13ble Directions given by the Charty Commission under sectton 145{5)Ibl of the Act. I have completed ry examination. I confim that no material matters have come to my attention in connection wtth the examination which gives me cause to believe that in, any material respect.. acLounting records were not kept in accordan￿ wrth section 130 of the Act or the accx)unts do not &cord with the ac£ounting records Independent examinerfs statement I have no Con￿rnS and have come across no other matters in connection with Ihe examination to which attention should be drawn in order lo enable a proper understsnding of the accounts to be reached. Signed: Name: Angela Peden FCA Relevant professional qualification{s) or body (if any): FCA Address: ALL ABOUT BUSINESS LIM5TED, AUDLEY HOUSE NORTHBRIDGE ROAD BERKHAMSTED, HERTS, HP4 1EH Section Disclosure Onty complete rf the examiner needs to highlight matters of cOn￿rn (see CC32, Independent examination of charity accounts: directions and guidance for examiners). IER Octobor 2018

Give here brief details of any items that tho examiner wishes to disclose. IER October 2018