Charity number: 1157567 The Mathiesen Centre Trust Report and Financial Statements 31st March 2023 ## **The Mathiesen Centre Trust** ## **Reference and administrative details** ## **For the year ended 31[st] March 2023** ## **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 2023** The trustees present their report and the financial statements for the year ended 31[st] March 2023. 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 marked a pivotal stage in our journey towards resuming normal operations after the disruptions caused by the COVID-19 pandemic. In response to the evolving situation, our facility has implemented enhanced operational controls to ensure a safe and effective working environment. We have been actively collaborating with various user groups of our facilities, offering support and flexibility to facilitate the continuation of their activities wherever feasible. In an effort to comply with COVID-19 safety measures, we have made several adaptations to our facility. These changes have been preserved, and we've undertaken a comprehensive initiative to educate all our user groups about the necessary control measures to ensure the safe utilization of our building. Our focus on these health and safety aspects reflects our commitment to the well-being of our community. Financially, the organization has seen a period of stabilization. Through meticulous financial management, we have successfully managed to cut down on operational losses significantly. Our financial reserves have remained robust, providing us with a solid foundation to navigate these uncertain times. We are optimistic that, with the gradual resumption of full use of our facility, we will see a rebound to our previous income levels. 3 Our confidence in the future is bolstered by our prudent approach to financial management and the strength of our reserves. We believe that these factors will enable us to continue offering substantial support to various groups. By doing so, we aim to maximize the benefits to the community, aligning with our organizational goals and values. This approach underscores our dedication to not just weathering the current challenges but emerging from them stronger and more connected with the community we serve. 4 The Mathiesen Centre Trust Forn￿￿ey Mathlesen Youth and Cornmunlty Centre For the Year Ended 31 March 2023 The Mathlesen Centre Tntst Fornierley MathI￿en yO￿h and Community Centre For the Year Ended 31 March 2023 I have examlned the financlal records of the above I can ￿P)rt that the a¢¢ounts presented show a fair and accurate representatlon of the facts. Mr P Crook 78 Wolverton Road Newport Pa8nell Milton Keyne5 MK168JG Tel 019LW 315647 The Mathiesen Centre Trust Formerley Mathiesen Youth and Communlty Centre For the Year Ended 31 March 2023 3110311023 3110312022 Bank Attounts OpwI￿. Deposit kcount Current Account 48.436 60.{￿•3 48,098 63.645 TOT 108839 111.743 Incom•: Fa¢lllty Hlre Bank Interest 14.921 203 10.50D 15,124 10,506 Exp•ndStw•: U8ht & Heating Hates (Refunds) Cleanlng Chafg*s & MatÈYials Telephone, Fax, Internet ACtiv￿leS Equipmenl Repalrs & Maintenan¢e Grounds Maintenance Bulldlng Enhancement Waste tlisposal Profe55ional Services Water Charges Insurance and AffIl￿tion Fire Alarm and Security Marketin8 Miscellaneou5 Bank Charges Refund 5,706 812 4,160 913 597 336 I,C62 552 396 1.256 1,207 2,363 1,291 330 Is 783 16A92 14.141 3.636 Bank Accounts ClasinF Depoyt Account Current Account 48.638 58.432 48.436 60,￿3 TOTAL 107J>70 108.439 The Mathiesen CentreTrusl Fomierley M•thlesen yO￿h and Communlty Centre For the Year Ended 31 M•rch 2023 14otes i) 21 31 41 COVID 19 Our reseThe5 can keep u$ 80Sngfor at least S years ff not more