Charity number: 1157567 The Mathiesen Centre Trust Report and Financial Statements 31st March 2022 ## **The Mathiesen Centre Trust** ## **Reference and administrative details** ## **For the year ended 31[st] March 2022** ## **Charity number** 1157567 **Principle office** Mathiesen Centre **and operational** Mathiesen Road **address** Bradville Milton Keynes MK13 7AG **Trustees** Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Karl John Lane (Chair) Allan Calverley Beverley Calverley Sue Germain **Bankers** HSBC Milton Keynes 1 ## **The Mathiesen Centre Trust** ## **Report of the trustees** ## **For the year ended 31[st] March 2022** The trustees present their report and the financial statements for the year ended 31[st] March 2022. Reference and administrative information set out on pages 1 of this report. The financial statements are a true representation of the position of the organisation. ## **Structure, governance and management** The organisation is a Charitable Incorporated Organisation, established on 20 June 2014. The CIO was established under a constitution of a Charitable Incorporated Organisation whose only voting members are its charity Trustees. ## **The board** The Mathiesen Centre Trust is governed by a board of trustees, whose principal responsibilities are the setting and monitoring of the strategic direction of the organisation and the establishment of policy. All trustees give their time voluntarily and receive no financial benefits from the charity. ## **Ensuring that our work delivered our aims** The trustees hold a strategy meeting each year to review the future direction of the organisation and ensure that it remains focused on the charity’s purposes. The trustees have referred to the Charity Commission’s general guidance on public benefit when reviewing their aims and objectives and in planning our future activities. The trustees have not identified any detriment or harm. During the year the board of trustees met formally four times. ## **Risk management** The board of trustees has ultimate responsibility for the management of risk. During the year, the board reviewed and updated the form and content of the risk register. Risk management is integrated with planning and budgeting and the organisation is committed to developing understanding of a risk-aware approach to working. The board keeps major risks under regular review. ## **Public benefit statement** The trustees confirm that they have due regard to the Charity Commission’s general guidance on public benefit. Later paragraphs of this report sets out the purpose and objectives of the Mathiesen Centre Trust, outline our core beliefs, the focus of our work and how we ensured that our work delivered our aims, and 2 identified our beneficiaries. The trustees are satisfied that the aims and objectives of the charity meet the public benefit requirement; and that the charity’s activities are in support of those aims. ## **Objectives and activities** ## **Purpose and objectives** The Mathiesen Centre Trust exists to benefit the residents of Bradville and the neighbourhood of Milton Keynes, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents. To establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. ## **Core beliefs** The Mathiesen Centre Trust works to provide access to spaces suitable for the operation of community groups, faith groups and society to the betterment of our community. The Mathiesen Centre Trust achieves change through: - Improvement of Social Welfare and access to facilities of community recreation - Promotion of an open and inclusive community - Exchange of ideas and provision of education - Links with bodies, voluntary and statutory agencies ## **Chair of the board of trustees** This year represented a staged return to normal operations post covid and the facility operated with higher levels of operational controls accordingly. We continue to work closely with users of our facilities and have supported continuation of delivery where possible. The adaptions we have made to our facility to ensure compliance with Covid19 measures have been maintained and we have educated all our user groups in control measures for safe use of the building. The organisations income has stabilised and through careful financial management we have significantly reduced operational losses. Our reserves remain strong, and we are hopeful that a return to previous income levels will be restored as full use of our facility is restored. We remain confident that due our prudent financial approach and strong reserves we will be able to continue to support groups to maximise benefits to the community. 3 The Mathiesen Centre Trust Fornierlry Mathle5en Yovth and Communlty Centro For the Year Ended 31 March 2022 The M¥thie5en Centre Trust Fomierfey Mathlesen Youth and Communlty Centre For the Year Ended 31 Marth 2022 I have examined the financial records ol the ab¢Ne I can rewt that the xcounts presented show a fayr and x¢ur¥ie repreSentat￿n of the fxts. Mr P Crook 78 w0￿ertOn Road Newport Pagnell Milton Keynes MK16 8JG Tel 315647 The Mathiesen Centre Trust Forrnerley M•thiesen Youth and Community CeThlre Foi ihe Year Ended 31 March ZOZZ 3110312022 3110312021 B•nk A¢¢ounts Openlry: DtP054t Account Current Account 48.098 63,645 48,043 80,406 TOTAL 111,743 128,449 F¥lllty Hlre Bank Interest 10,5 10,506 Eyndlture: Li8hi & Plealln8 Rates (Refunds) Cle¥nini Charges & Materia15 Telephone. Fax, Intemet Actlvltbes Equlpment Repairs & Mainlenance Gr¢)und5 Maintenance Building Enhancement Waste Oisp05al Profes%onal Ser￿ces Water Chaf8es InsUr￿ce and Affillatlon Fire Alam and Se¢urlty Mi5cellanews Bank Char8es Refund 2.%4 4.160 913 4.160 940 1,393 524 100 1.¢%2 552 390 1,256 1.207 2,363 1.975 1,145 4,032 15 783 14.142 17.593 et Incom• (v•r Exp•ndlturn: 3.636 16.706 Bank A£¢ounts ao4ry: Deposit Account Current Account 48,436 60.CQ3 48,C08 63.645 108.439 111,743 The Mathiesen Centre TNst Formerley Mathlesen yO￿h and Community Centre For the Year Ended 31 Marth 2022 Not•s i) 21 31 41 COVID 19 Our reser*s can keep us Bolngfor at least 5 years rf not more