BRAZIER TRUST ACCOUNTS YEAR ENDING 31s1 MARCH 2021 RESL17tReDAS'LAND ATTK CAUSEWAY REGY8TERED CHARITY NO. 3ts23Jts
Brazier Trust It Trustees Annual Report for tho Year Endlng 31 March 2021 R•t•r•nc• and AdmlnlstratSon O•t•ll$ Charfty Name Braier Twsl IRegL8teTed as'Land at th C8u8•way'l Charity Number 302336 Charity Addfess The Okl Monastery, wdhill. Bi$hop'i Stortford. Herts, CM23 2ND The Tiuslee setvirvj th& ye81 and since thtr 0¢.1ftd was as follow3.. Bishop s Stortrord Town Countsl Structurn, Gov¢rnan¢o and Manag•ment Brazier Trust Is 9ovgmèd by Conveyarr2 and D of Exd)8ThJe. The Tru$i¢tr admlnisters the charity and m¢l$ quarterty. ObJ•cts and Acitlvbti The glft of a pce of ltnd to the Ufoan Dlstrict Councll In 1928 by Joe 8razler foms what Is now the Llnk Road Car Park (leased to East Harts Councill and part of the Town M•ads in Bishop's Slortlord. The grft created Charitsble trv3t, whith is Bdmlnistered by the Town Council. The object of ihe trust15 to apply the income ol Ihe Charfty in Ihg maintanance and upkeep of thè proparty of the Charity and apply any 8xcass as seen fit for ihe general nfil ol the inhabitants of Bishop'$ Stortford. Achl•v•ments and Prfomiane• This is detsiled In the Bttached report by Ihe chlglEx¥eUVè Officer of Bi8hop's Slthrd Town Council, tho sol• Corporate Trustgtr. Flninclal R•vl•w Brazier Trust m8iniains reserves In an Instant access 5aving$ a¢count In order to fund its day lo day 0ratIOn. wlih the balan¢¢ hokl in a 90 day notice account aehièvin9 a hwher rate of interest No funds are in deficrt. Page2of5
Indopgnd•nt Examln•rs Report to the Tnte@S of Brazior Trust I report on the 8ccounlJ of the Tw ICh•rity No. 3023361 for the yèar endlna 31st March 2021. whh are set oirt on pages 4 aftd 5. Ro•pKtlv• rwpon51b1lml of Tnwt•• and Ewamln The Chaiity's trustses are responb]e for the PTeparalSon of the accounts. The Charfty'8 Iruslees consldef that an audil 1$ not r8quirad for this year under section 144 of the Chariti•8 Act 2011 It Charities Acil ¥nd that an independent exarnination is needed. It 1$ my responsiblity to= examine the accounts undw 8o¢tion 145 ofthe Charthes Act. to lollowthe procedures laid do%w In the general Direclhjns gNen by the Charity Commisston lundor sa¢tion 145{5}Ibl ofth¥ Ch8rits¢¥ A¢ and to state whether partI18r m8tter8 have como to my ottentb)n. B•81¥ of Ind•p•nd&nt Examln•rn R•port My examlnatbn c8rrSed out In accordance wlth thg General Dlrections glven by the Chartty commis8K. An examinatlon indudes a Teview of the accounting records kepl by the Charity and a comparison of th¥ accounts present with those records. It also include8 conslderation of any unLssual items or Ilsclo8ure8 in the attounts. soeking explanations from you 88 Tru3tees conL¥min9 any such matters. The procedures un(lertsken do not prode all the evidence that would be requwed in an audit, and eonsequéntly no opinion 1$ given as lo whether the 8c¢ounts PTesent a Irue and fall vt8w and the report Is Nmfted to those matters set olrt In the $latemenl below. Indop•ndent Examlnev St•tement In connection wth rny examinatson. no materlal matt4rn hov• com• to my attention wthi¢h gives me Cau to belreve that in. any material respect." aUntIng records re not kept in accordan¢t wth $ectbn 130 ofthe Charities Act or the accounts do not accord with the ounting re01$ I hav• come auoss no other matters in c order to enabfre a proper understandin ection wilh th• examination to which att•ntion shoukl t• dr¥wi in nts to be reached. Slgned Prtnt Nam• Sluort W J Wilbur Address 10 Downland Road Calne Wlttshwe SN11 OET Page3of5
Brazler Trust Receipts and Payments For the Year Ending 31st March 2021 2021 2020 Restricted Unre51ricted Total Funds Totsl Funds Fund Fund Rent RtiVe Interest Received VAT Rec6Spls 38,410 911 7,682 38.410 911 7,682 37,437 1,517 7,487 Total Receipts 47.3 47.003 46.441 Paymènts Ajlocaled Staff Costs Maintenance of Grounds ay Area Maintenance Tree Works Tree Works Granis VAT Payrnents 13,081 2,859 3,509 13,081 2.859 3.509 13,081 3.185 4.639 2.142 12,250 7,634 12.250 7,634 15,000 7.442 Total Payments 39,383 R¢colptsl(Pa>Thents) 7,620 7,620 952 Cash FurKls from Last Year End 110,823 110.823 109.871 Cash Funds thls Year End 118,443 110,823 Page4of5
Bra21or Trust Statement of Assets and Llabllltles For the Year Endlng 31st March 2021 2021 2020 Restricted Unreslricled Total Funds Total Funds Fund Fund a¥h Funds Lloyds Bank Saffron Building Society 47.104 71,339 118.443 47.104 40,374 70,449 110,823 Oth•r Monetary Assets Monles Due to Charlty at 31103 Liabilmies Moni8$ Ow*d by Charty at 31103 9,949 9.g49 5.233 Inv06tm•nt A6$0ts None Approved for and on Behalf Brazier Trust on behalf of the Trustee Signed Dated ILI bLI Print Name Signed Dated Prlnt Name Page5of5
ANNUAL TOWN MEETING 2021
BRAZIER TRUST
REPORT BY THE CHIEF EXECUTIVE OFFICER
The gift of a piece of land to the Urban District Council in 1928 by Joe Brazier forms what is now the Link Road car park and part of the Town Meads. The gift created a Charitable Trust, which is administered by the Town Council. The object of the Trust is to provide income for the general benefit of the inhabitants of Bishop’s Stortford. Neither the expenditure nor income of the Trust forms part of the Town Council’s overall finances.
The Trust benefits from the rent derived from the lease of the Link Road Car Park to the District Council. The fee is index linked and for the 2020-2021 year stood at £38,410 (excluding VAT).
FUNDS
The Trust commenced the year with a fund balance of £110,823. During the year it reimbursed the Town Council for the maintenance of the land carried out on its behalf, which included grass cutting, adventure playground and skate park maintenance and litter picking. At the end of the year the bank balance will be approximately £118,443.
DISTRIBUTION OF FUNDS
The Trust awards grants to voluntary and charitable organisations and set aside £19,000 for this in 2020-2021. A number of applications were received during the year and a total of £12,250 was awarded, up to the date of this report, to Bishop's Stortford Rugby Football Club, Hertfordshire Boat Rescue, Wiggly Willow CIC, Red Kite and Bishop's Stortford Methodist Church.
Commencing in April 2021 the general grants provided by the Town Council and those provided by the Brazier Trust will be brought together into a single fund administered by Brazier Trust. This will simplify the process for applicants and allow larger grant applications to be considered in a more holistic manner. The grants policy and an application form are available from the Council website www.bishopsstortfordtc.gov.uk/grants and it is to be hoped that more high quality applications will be received in 2021-2022.
RECENT DEVELOPMENTS
The Brazier Trust land is immediately adjacent to Sworders Field and to Castle Gardens (the latter owned by East Herts Council). Since 2016 the Town Council has been working with East Herts District Council and the Countryside Management Service (CMS) on the planning stage of an ambitious plan to improve the facilities on these linked pieces of land. The application for lottery support to the implementation phase was successful and a grant of approximately £1.9M has been awarded.
This will provide a major enhancement to the park as a whole and to the Brazier Trust land in particular, whilst retaining its character and use. The works on site have, sadly, been delayed due to the impact of the Coronavirus epidemic and are now expected to start late in 2021.
Coronavirus has also impacted events on the field. The summer 2020 Carnival/Fun day was, unfortunately, cancelled and other events have been amended or curtailed. During the summer of 2020 the facility was extremely popular for informal leisure. Vendors offering ‘pop up’ refreshments have come forward to trade and these also proved to be a welcome attraction. Summer 2021 is expected to be similarly popular and a programme of summer events is being planned, subject of course to any restrictions which may be in force.
James Parker Chief Executive Officer