BRAZIER TRUST ACCOUNTS YEAR ENDING 31st MARCH 2025 REGL%TERED AS'LANDATTHECAUSEWAY, REGISTEREDCFLARnY NO. J023Jg
Brazier Trust Trusteos Annual Report for the Year Ending 3151 Mar¢h 2025 Refèrnnu and Administration Details Charity Name Brazier Trust (Registered as 'Land at the Causeway'l Charity Number 302336 Chartty Address The Old Monastery, Wndhill. Bishop's Slortford, Hert5, CM23 2ND The Trustee serving during the year and since the year end was as folksws.. Bishop's Slortford CounrAI Stru¢tur•, Gov•rnanco and Manag•mont Brazier Trust is governed by Conveyance and Deed of Ex¢hange. The Trustee administers the charity and meets quarterly. Objects and Activities The grft of a piece of land to the Urban District Council in 1928 by Joe Br82ier fom8 %thal Is now the Link R¢Md Car Park (leased to East Herts Council) and part of the Town Mead$ in Bishop's Stortrord. The gift ¢re*ed a charitable Irusl, whh is administered by the Town Council. The object of the trust is to appty the income of the Charity in the maintenan¢e and upkeep of the propety of the Charity and apply any excess as Seen frt for the general benefit of the inhabitants of Bishop's Slortford. The TNslee has had regard lo the Charty Commission's guidance on public benefrt. A¢hievem•nts and P•rfornian¢• This is detailed in the attached report by the Chief Exe¢ulive Officer of Bishop's Stortford Town Council, the sole Corporate Trustee. Financial Revigw Brazier Trust takes a flexible approach lo reseNes and does not assign a set amount that must aayS be held in general reserve. Funds hel¢J in an eamiarked reserve will onty be used for the purpose of the earmarked reserve. ReseNes are held in an instant access savings account in order lo fund rts day to day operation, wth the balance held in a 90 day noti account achieving a higher rale of interest to maximi$e interest received. No funds a in deficit and amounts can be found under Statoments ofAssels and Liabilities. Page2of5
Indep8nd•nt Ex•mlnors R•port to tho Trustse$ of Brazlor Trust I report on the accounts of the Trust {Charty No. 3023361 for the year ending 31st March 2025, which are set out on pages 4 and 5. Respective re5ponslblllties of Trustse and ExamSn•r The Charity's trustees are responsible for the preparation ol the a¢unts. The Charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charitie$ Act) and that an independent examinab'on is needed. 1115 my respon5ibilty to.. examine the account5 under section 145 of the Charities Act. lo follow the procedures laid down in the general Directions given by the Charity Commi$$ion (under Section 145{5)Ib} of the Charities A¢l', and lo state whether particular matters have come to my attention. Basis of Ind•p8ndgnt Examin•rs R•pGrt My examination was Carried out accordance wth the General Directions given by the Charity Commission. An examination include5 a review of the accounting records kept by the Charity and a ¢omparison of the accounts present wth those records. 11 also includes consideration of any unusual items or disclosures in the a¢wunls, and Seeking explanations from you as Trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenuy no opinion is given as to vthelher the accounts Prent a Irue and fairf view and the Teport is limrted to those matters sel out in the $lalement below. Ind8p8ndont Examin•rs Ststsm•nt In nneCtIOn my examination, no material matters have wm• to my attention Ythich gives me cause lo believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Charities A¢t or the accounts do not accord with the accounting records I have come across no other matters in connection wth the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signe<l Dateil 0110812025 Print Name Martin Brooks Address Gold Stag A¢¢ounl$ Ltd Suite 1 The Courtyard The Old Monastery Wndhill Bi$hop'$ Stortford Hertfordshire CM23 2ND Page3of5
Brazier Trust Receipts and Payments Forthe Year Ending 31st March 2025 2025 2024 Restricted Unrestricted Total Funds Total Funds Fund Fund Re¢eipts Rent Received Interest Received Donation VAT Receipts 50,306 2,010 50,306 2,010 12,356 10,061 48,232 4.318 11,624 9,647 12,356 10,061 Totsl Receipts 12.356 62,377 74,733 73,821 Paym•nts Ajlocated Staff Costs Maintenance of Ground$ Play Area Maintenance Tree Works Professional Fee9 Grants Capital Projects VAT Payments 15,938 4,175 15,938 4.175 14.851 3,593 157 2.490 85 42,114 50,000 9,360 860 70 14,651 860 70 27,007 12,356 9,958 9.958 Totsl Payments Not R8colptsllPaym•nts} 18,725 16,725 {48,809} Cash Funds from Last Year End 33,705 33,705 82,514 Cash Funds this Yoar End 50,430 SOA30 33.705 Page4of5
Brazier Trust ststement of Assets and Liabilities For the Year Ending 31st March 2025 2025 2024 Reslrided Unrestricted Total Funds Total Funds Fund Fund Cash Funds Lloyds Bank Saffron Buildlng Society 27,302 27,302 11,917 50,430 50,430 33,705 Other Monetary Assets Monies Due to Charity al 31103 Llabllltles Monies (Jved by Charity al 31103 11,856 11,856 7,703 Inv•¥trn8nt As$gts None Approved for and on Behaw of Brazier Trust on behaw of the Trustee Dated Is Ocr Signed Print Name Signed Print Name Page5of5
BRAZIER TRUST REPORT BYTHE CHIEF EXECUTIVE OFFICER 2024-2025 The gift of a piece of land to the Urban District Council in 1928 by Joe Brazier forms what is nowthe 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 maintain the open space for the benefit of the public; any surplus income is distributed 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 overalLfinances. The Trust benefits from the rent derived from the lease of the Link Road Car Park to the District Council. DISTRIBUTION OF FUNDS The Trust awards grants to voluntary and charitable organisations and set aside £30,249 for this in 2024-2025. In addition, it received a donation of £12.751 from the Town Council to top up the 'grants budget, for a total of £43.000. 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:
A number of applications were received during the year and a total of £27,007 were approved: GRANT APPLICATIONS2024-2025 Applicant Date Of Meeting 2410612024 2410612024 Grant Approved £ 500 750 Aspects Bishop's Stortford Climate Group (Cycle Stortford) Kitteridge All Sports Bishop's Stortford Historical Society Citizens Advice East Herts Grove Cottage East Herts Black Parents Assembly Hertfordshire County Council- Services for Young People Red Kite Bishop's Stortford Life Savingclub Royal British Legion Bishop's Stortford Branch 2410612024 0711012024 0711012024 0711012024 0711012024 0711012024 2000 3000 5000 5000 1700 1552 2410312025 2410312025 2410312025 5000 803 1702 Huw Jones Chief Executive Off icer