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2021-03-31-accounts

Magor and Undy Community Hub (MUCH) Annual Report – 2019 - 2021

Registration Number – 1185780

Address – 2 Blenheim Avenue, Magor, Caldicot, Monmouthshire, NP26 3NB

Trustee Names : - Paul Turner (Chair), Kevin Wright (Treasurer), Linda Squire (Secretary), Sally Raggett, Sian King, Michael Burke

The Overall Project

This first report covers the period October 2019 to March 2021 to bring us into line with the Charity Commission’s requirements.

The Charity aims to build a community centre or ‘Hub’ on the Three Fields Site which was originally acquired by Monmouthshire County Council for the purpose of recreation and leisure.

The building itself will provide a wealth of opportunities for individuals, groups and clubs and societies. It will have two halls: The larger of the two will be available for concerts and shows, film evenings, exercise classes - including Yoga and Pilates etc., a Badminton/short tennis court, suitability for long mat bowls and any function that requires the amount of indoor space that will be available. The smaller hall will be available for smaller functions including meetings, clubs, art classes, pottery classes, youth and kids/toddlers’ clubs etc. Linking the two halls will be a reception office and cafe area that will provide a “get together” area for anyone wishing to meet others and/or attend classes or functions in the halls. The outside areas, which include a decking/veranda off the main hall, an ancient orchard and grassed area that will be landscaped and will provide areas for children to play and others to jog, walk or just to relax. Based on resident's feedback, a number of development priorities have been set but we continue to regularly ask for new/further ideas. We also actively seek potential new projects and groups that will operate from the Hub.

Structure and Management

The above trustees manage the business on a monthly basis, with help and advice from Monmouthshire County Council, Gwent Association of Volunteer Organisations and Magor and Undy Community Council. Routine management activities includes; forward planning, financial reporting and action tracking.

Objectives and Activities (2019/2021)

07/05/21

Achievements and Performance

In addition to the activities achieved above, the following tasks were completed successfully –

Financial Review

07/05/21

Reserves Policy MUCH is registered with the Charity Commission and complies with the requirements of the Charity Commission in temis of an annual independent inspection of the organisation's accounts and submitting ihe accounts as part of the Charity Commission's annual retum. As we are only in Phase 1 of the project i.e. raising the required funds and preparing for the build of the Community Centre (HU8), The management committee operates a system of general financial activities including raising money with fund raising events and seeking funds from funding Grant providers. At a meeting of the management committee held on 3 November 2020 members of the committee considered what level of funding the charity should hold in reserve. It was agreed that the committee ￿ould hold £5000 in reserve. As we currently have no expenditure, our reserve is only to ensure we have enough to meet any build demands. not budgeted in the overall project plan and as match funding if we need to go to further Grant providers for additional funds. Along with a small expenses pool to enable fund raising events to be arrange e.g. equipment hire, prizes etc. We have no endowed or restricted funds. 07105121