REPORT OF THE TRUSTEES
For the year ended 31 December 2021
The Trustees present their annual report and financial statements of the charity forthe year
ended 31 December 2021.
REFERENCE AND ADMINISTrATIVE INFORMATION
The charity registration number is 297228.
The charity is managed by the trustees together with an Honorary Treasurer and Honorary
Secretary. Names of trustees and honorary officers who served during the year are included
as an appendix to this report.
The Chair is elected from the trustees periodically.
The charity does not have an office and can be contacted at the address of the Honorary
Secretary.
STRucfuRE. GOVERNANCE AND MANAGEME
Governing Document
The charity is an unincorporated association controlled by its governing document, a deed of
trust dated 9 July 1987 and subsequent amendment made on 21" February 2(M)6.
Appointment of Trustees
The number of trustees shall not be less than five or morethan sixteen. Aswell as permanent
trustees, the two members of the North Hertfordshire District Council for the Parish of
Knebworth, the Chairperson and Vice Chairperson of the Knebworth Parish Council. a
representative of the Clergy Ministers for the Parish of Knebworth. the Head Teacher or
Deputy Head Teacher of the Knebworth Village School. and a representative for the youth
organisations for the village. Other trustees may be appointed by a resolution of the Trustees
recorded in the minutes.
Three new permanent trustees were appointed in 2021 as listed in the Appendix.
Trustee inductlon and training
Prospective trustees are asked to attend a trustee meeting where they can find out more
about the role. New trustees are sent a role description, a copy of the trust document,
minutes of recent meetings, latest financial accounts and guidance from the charity
commission on the role of trustees.

Organlsational Strurture
The trustees meet four times per calendar year. to consider applications from organisations
active in the village for financial support and to review the investment portfolio, policies and
strategy. Representatives from applicant organisations are invited to attend the meeting to
present their applications. During 2021. meetings were conducted virtually or by email as in
person meetings were not possible due to the COVID-19 restrictions.
OBJEcfivES AND AcnvtnES
The objectives of the Trust are to promote any charitable purpose for the general benefit of
the inhabitants of the parish of Knebworth in the County of Hertfordshire. without distinction
of religious or political opinions. The trustees aim to achieve this by encouraging grant
applications from organisations active in the village.
ACHIEVEMENT AND IMPAcr
The Trust received applications from a total of six organisations and community groups during
the year and approved grants to four of them. Grants have enabled the improvement of
facilities and provision of activities benefiting Knebworth residents ranging in age from pre-
school age to retired inhabitants. These grants also helped some community groups and
organisations restart following COVID-19 lockdowns or mitigate the impact of COVID-19,
particularly in terms of education of children and young people.
Grantstotalling £36.951.32 were paid duringthe year.
FINANCIAL REVIEW
The net assets ("total reserves- or °fund value-l of the Trust at 31 December 2021 were
£700,635. There was an increase in fund value from the previous year. These reserves are
held in order to provide continuing income from which grants may be made to achieve the
objectives of the Trust.
The reserves policy of the Trust is to retain a fund capable of providing sufficient annual
income to meet the charitable objectives so thatthe Trust may continue as a viable entity for
the foreseeable future. To this end, over 95% of the assets are invested in two unit trusts
especially designed for charities: the one comprising gilt edged and fixed interest securities,
the other high quality equities aimed at producing capital appreciation as well as reasonable
income. Over the years the Trustees have endeavoured to safeguard the Trust's long-term
viability by maintaining the fund value in real terms using the retail price index as a
comparative measure. whilst recognising that for reasons often beyond the control of the
trustees this may not always be possible. At 31 December 2021 the fund value was 80% of
the original fund value measured in this way.
ON BEHALF OF THE TrUSTEE5
Sarah Hammond Ward
29 April 2022

APPENDIX
TRusfEES
Dr Ella Aidoo
Permanent Trustee
Ms Nicola Corrin
Permanent Trustee
Mr Steven Deakin-Davies
District Council Representative (until May 2021)
Perrnanent Trustee
Mrs Vivien Goddard
Mr Stephen Hamid
Mrs Sarah Hammond Ward
Permanent Trustee (appointed April 20211
Permanent Trustee (Hon. Chair)
Parssh Council Representative (until May 2021)
Knebworth School Representative
District Council Representative
Youth Groups Representative
Clergy Ministers Representative {until April 2021)
Permanent Trustee
Mrs Jenny Harrison
Ms Natasha Laskey
Ms Lisa Nash
Mrs Penelope Parr
Revd Jim Pye
Mrs Sharron Scott
Mr Colin Stringer
Ms Mandi Tandi
Parish Council Representative (from May 20211
District Council Representative (from May 2021)
Pennanent Trustee (appointed April 2021).
Parish Council Representative
Permanent Trustee (appointed July 20211
Mr Jason Walker
Mr Roger Willcocks
Mr Brian Worthington
HONORARY TREASURER
Ms Alison Gray ACA
92 London Road. Knebworth SG3 6HB
Email: treasurer@kvt.org.uk
Honorary Secretary
Mrs Catherine Williams
3 Bell Close, Knebworth SG3 6AJ
Email: info@kvt.org.uk
INDEPENDENT REPORTING ACCOUNTANTS
Mr Martin Allen
Apple Tree Lodge, 3 The Green, Old Knebworth
Bankers
Barclays Bank plc
Business Banking, Leicester, LE87 2BB

KNEBWORTH VILLAGE TRUST
Registered Charity No. 297228
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Contents
Pa9e
Income and Expenditure Account
Balance Sheet
Independent Examiner's Report

KNEBWORTH VILLAGE TRUST
Re￿ Charity No. 297228
RECEIPTS AND PAYMENfs AccouNr
for Ihe year eDded 31 December 2021
Notes
2021
2020
EKfERNAL RECEIPTS
Unit Trust Distribution -
M&G Charifund
M&G Charibond
17,066
6.493
23,559
15,452
7,791
23,243
Interest received
Residual funds from Save Our Station Pub campaign
Donation
Receipts arising from lease
2,471
3.333
100
26.892
25,817
EXTERNAL PAYMENTS
Secretarial services
Secretary's expenses- copying etc.
Trustees Insurance
Hire of premises for meeting
3.200
3,175
16
142
142
3,342
36,951
40,293
3.333
28,028
31,361
Grants paid
Deficit on Extemal Receipts and Payments
Purchase of Investments
Sale of Investments
{Deficttl / Surplus of Receipts over Payments
Cash assets at start of year
Cash assets at end of year
113,402)
15.5441
{13,4021
39,457
26,056
15,5441
45,001
39,457

STATEMENT OF ASSETS AND LIABILITIES
as at 31 December 2021
Notes
2021
2020
Fixed Assets
Car Park lease valued at
i.(KJO
Invested Assets
M&G Charifund Units at market value
358,895
316.546
M&G Charibond Unit5 at marketvalue
314,685
325,878
673,580
642,424
Cash assets
Barclays Bank plc
26,055
26.055
39,457
39,457
Liabilities
Creditors
NET ASSETS representing TRUST FUND
700,635
682,881
Approved by the Trustees on
and signed on their behalf by
Chair of Trustees

KNEBWORTH VILLAGE TRUST
Registered Charity No. 297228
Ind¢p¢ndent Examiner's Report to the Trustees of Knebworth Village Trust
I report to the trust¢¢s on my examRnation of the a¢¢ounts of Kn¢bworth Village TTUSt (the Trust) for the year
¢nded 31 December 2021. which ar¢ set out on pages l and 2.
Responsibililies and b*8is of report
As the charity trustees of thc t￿st you are resFM)nsible for the preparation of th¢ a￿Ounts in accordance with
thc requirements of th¢ Charities Act 2011 ('the A¢t').
I rerK)rt in respect of my examtnation of the Trusvs accounts carried out under Section 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5Xb) of the ACL
llldependellt examÉner's statement
I have completed my examination. I confirni that no material matlers have come to my attention in connection
with the examination giving rne cause to believe that in any material respecL
ounttng ￿ordS were not kept in r¢sp¢ct of the Trust as required by wtion 130 of the AcLor
2. th¢ accounts do not accord with those records.
I have no concerns and have coffle across no other matters in conncction with the ¢xamination to which
attention should be drdwn in this r¢w)rt in order to enable a proper und¢￿tandIng of the accounts to
rwhed.
I1￿.
MartlD Allen FCA
Apple Tree Lodge
3 The Green
Old KnebTvorth
Hertfordshire
Date.. Zq-ip-2L