BRAZIER TRUST ACCOUNTS YEAR ENDING 31st MARCH 2022 REGISTEREDAS'L4NDAT THE CAVSEWAY. REGL8fEREO CKARITYNO.302331
Brazier Trust Trustees Annual Roport for the Year Ending 31°, March 2022 R•tsrgnc8 and Administration DetaS1$ Charity Name BraZr Trust (Registered as 'Land * the Causeway,) Charity Number 302336 Charity Addre8S The Old Monoslery, Wlndhill, Bishop'8 Stortford, Herts, CM23 2ND The Trustee serving during the year and since the year end was as follows.. Bi$hop'$ Stortford Town Council Structurn, Goveman¢e and Manag•m•nt Brazier Trust is governed by Conveyance and Deed of Exchange. The Trustee administers the ¢harty and meets quarterly. Obl•¢ts and A¢llvltlos The gfft of a piece of land to the Urban District Council in 1928 by Joe Brazier foms at is now the Link Road Car Park Ileased lo East Herts Council) and part of the Town Meads in Bishop's Slortford. The grft ¢realed a chartsble Irusl, which is admini$lere<l by the Town Council. The object ol the trust is to apply the in¢ome of the Charity in the mainlenan¢e and upkeep of thè property of the Charity and appty any excess as seen fft for the general bgnefil of the inhabitants of Bishop's Stortford. A¢hlwgm•nts and Perforniance Thi5 15 detsiled in the attached report by the Chief Executive Officer of Bishop's Stortford Tovm Council, the sole Corporate Trustee. Flnanclal R•vi•w Brazier Trust maintsins reserves in an instant access saving$ aOUnt in OTder to fvnd ts day lo day operation, th the balance held in a 90 day noli¢e a¢¢ount achieving a higher rate of interest. No funds are in deficit. Page2of5
Independent Examlnern Report to tho Trustsos of Brazler Trust
I ieport on the actnts cd Tt (Charity No. 3023361 for the year ervJiNJ 31st Mwch 2022, which aro s¥t
out on 4 and 5.
RP•¢I1Ve respOnbIlItIe of Tru8ts0 and Examln•r
The Ch8riVs trustees are responsNI e for the prepa¥allon ofthg accounts. The Charl3 trustsos conshderthat
an alIt Is not required for this year under sectKJn 144 of the Chwlies Act 2011 It CharitiesActl arKI that an
0mIrAt)n h needg
tt i4 my responsibilty to..
examSne the SOu3 under 8ecUon 145 of the Charities Act.
lo fcifow thg procedur88 laid down In tho genBral Dects0 given by the Chaiity commj88i¢ lund•r secllon
145151{b) of the Chwib'es ACL and
to state whether particulw matters have ¢om•to my att•ntim.
88918 of Independent EXthne Report
My examirbation was carri•d out in accordancé wilh th• Grat giv by Chafty Cornrnisslon. An
exaMItion Indudes 8 of th& 8ccoiinling r8ct
Brazler Trust R•¢&ipts and Payments For the Year Ending 31st March 2022 2022 2021 Re$tri¢led Unreslricled Total Fynds Total Fund$ Fund Fund Rocglpts Rent Recetv&d Interest Received Donation VAT Re¢eipts 38,986 829 38,986 829 10.500 7,797 38,410 911 10,500 7,797 7,682 Totsl Receipts 10,500 58,112 47.003 Paym•nts Allocated Staff Costs Maintenance of Grounds Play Area Maintenance Professional Fees Grants VAT Payments 13.081 5.429 6.744 60 6.073 7.769 13,081 5,429 6,744 60 16,573 7,769 13.081 2.859 3,509 50 12,250 7.634 10,500 Total Payments Not RK•lptsllPawnentsl 8.456 8,456 7.620 Cash Funds from Last Year End 118.443 118,443 110.823 Cash Fund5 thiy Year End 126.899 126.899 118,443 Page4of5
Brazier Trust ststement of Assets and Liabllitles For the Year Ending 31st March 2022 2022 2021 Restricted Unrestrfcted Total Funds Total Funds Fund Fund Cash Funds Uoyds Bank Saffron Building Society 54,776 54,776 47.104 126,899 126,899 118,443 other Monetary Assets Monies Due lo Charity at 31KJ3 Llabllltlgs Monies Owed by Chartly at 31103 7,342 7.342 9.949 Investment Ass•ts None Approved for and on Beha of BraZr T st on behaw of the Trustee Dated /> SHJned Print Name Signed Dated Print Name Tr4ViP Page5of5
ANNUAL TOWN MEETING 2022
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 2021-2022 year stood at £38,986 (excluding VAT).
FUNDS
The Trust commenced the year with a fund balance of £118,443. 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 time of writing the year end bank balance is projected to be approximately £126,879, of which £81,700 is committed to grants.
DISTRIBUTION OF FUNDS
The Trust awards grants to voluntary and charitable organisations and set aside £19,000 for this in 2021-2022. In addition it received a donation of £10,500 from the Town Council to top up the ‘grants budget’ for a total of £29,500. This donation from the Town Council substitutes for a grant allocation of the same size which, in former years, was distributed directly by the Town Council and the effect is to bring together the two allocations into a single fund which can therefore award larger grants and deal with applications more effectively. 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 2022-2023.
A number of applications were received during the year and a total of £20,773 was awarded, up to the date of this report, to Bishop's Stortford Baptist Church, Kickstart, Hockerill Sports and Social Club, Bishop's Stortford Street Pastors, Active Easts Herts and Age Concern Bishop's Stortford.
During the year the Trustee discussed the build-up of funds in the account, due to several years in which income has exceeded expenditure. The Chief Executive Officer advised that approximately £50,000 was available to spend. The Trustee decided to award £27,500 to Bishop’s Stortford Community Transport CIO to partfund the urgent purchase of a new bus for the Stortford Shuttle service, the existing bus being highly unreliable, with the balance added to the funds available for award during the 2022-2023 year and the availability of funds advertised accordingly.
RECENT DEVELOPMENTS
The Brazier Trust land is immediately adjacent to Sworders Field and to Castle Gardens (the latter owned by East Herts District 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 further due to the impact of the Coronavirus epidemic. Unfortunately build costs have also risen quite significantly due to a unique combination of circumstances affecting the construction industry. The project partners are seeking additional funds and the build phase is now expected to start mid-2022. In the meantime an active ‘friends’ group has been formed and a series of events aimed at a variety of demographics organised.
Coronavirus has also impacted events on the field. During the summer of 2021 the facility remained extremely popular for informal leisure however, with the easing of restrictions in May 2021, a little less so than in 2020 due to the availability of alternative entertainment. The summer 2021 Carnival/Fun day was, unfortunately, cancelled. A series of smaller events was put on in lieu, which proved very popular. It is hoped that 2022 will see a return to normality during the Summer.