Annual Report 21Y23 Harry Middleton Centre Charitable Incorporated Organisation (HMCCIO) Chaiity No 1202660 Registered Office: 63A Silver Street Newport Pagnell MK16 OEQ Trnstees: Roger Hall (Chair) Kim Frame (freasurer) Nick Read Duncan Mason Neil Frame (Secretary) The Hary Middleton Centre is situated in Silver Street. Newport Pagnell. The new HMCCIO was incorporated on the 21 st August 2023. replacing the Middleton Centre Trust. The HMCCIO has no employed staff and is run by the Trustees. The hall is located in an old Chapel (circa 186n and has been used for the benefrt of the local communty since it was purchased by the Ha Middleton Gift Charity in1984 when The Middleton Centre Trust was established. It provides unsupervised rental space for community groups. In order to provide resilience for the futu the HMCCIO has agreed a collaboration agreement with The Newport Pagnell Baptist Church CIO, who have the benefft of having employed staff to assist with the admin functions relating to the HMCCIO. The Trust document for HMCCIO states trustees will be sourced from: The Hary Middleton Gift - 2 Trustees Local Communty - 2 Trustees Newport Pagndl Baptist Church - 4 Trustees The constitution of the Hary Middleton Centre CIO states that the Hall should be used for the benefrt of Newport Pagnell residents and the trustees pay due notice to the Charty Commission's guidance on public benefit.
The type of groups to whom the hall is hired out in order of preference are as follows: 1 . Charitable organisations providing sessions for local residents (as an example we are used by a Charity who provide dance sessions for a variety of users) 2. Local organisations. such as Scouts and Brownies. 3. Small businesses, providing such services as Zumba for the eldY and baby groups. 4. Businesses who provide services for local residents and much needed income for the Hall such as Slimming World. The hall is well used by local residents for a variety of uses as described above. It is hoped with the new collaboration that the hall will becoffle busier and provide more opportunities for use by communty groups. The income in the period (Aug - Dec 2023) was £3,799 which was entirely from hall rental. Expenditure was £2,549. which was in the main spent on utilty bills with a smaller amount on maintenance and sundries. A fuller account of the finan will be filed in a separate Financial Report. The trustees operate a reserves policy which requires a minimum of three months income. plus a reserve for excess under building insurance; there is also a real benefft in building up a buffer to meet significant buildings maintenance costs as they arise periodically. As required by the Charity Commission the trustees confinn that there were no recorded serious incidents in connection with the hall during the reporting period.
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Annual Report 2023 Harry Middleton Centre Charitable Incorporated Organisation (HMCCIO) Charity No 1202660 Registered Office: 63A Silver Street Newport Pagnell MK16 0EQ
The Harry Middleton CIO was incorporated on 21st August 2023 when it acquired a building at 63A Silver Street, Newport Pagnell from the former Middleton Centre Trust which had operated there since 1984, renting unsupervised space to local groups.
There were no other assets or liabilities during the reported period.
As part of the legal process the building, an old chapel - built in 1867 - was valued at £260,000 in June 2023.
Accounts
As of December 2023 there was:
Current account £8951.44 Savings Account £9457.17 Cash £603.02
The entire income for the period was from Hall rental £3,799.32
Reserves Policy
The reserves policy is to hold enough funds for the excess of our insurance policy (£10,000) and at least three months income. Over the 6 years prior to the Harry Middleton Centre CIO was incorporated the old charity received a lot of grants which enabled it to bring the building up to code in respect of gas and electric, refurbish the toilets to include disabled facilities, install new lighting, repair all external windows and install new gates. Nonetheless it is acknowledged that we must be prudent with any additional funds as maintaining this old building is expensive.
Future Expenditure.
Following a Collaboration agreement with Newport Pagnell Baptist Church a cost of £130 per month will be incurred for their employed staff to take over bookings, invoicing and maintaining financial records. It is anticipated this will be offset by increased use of the hall.
The only projected spend anticipated in 2024 is prioritising maintenance of the building, there are no capital projects being discussed at present. Below is a breakdown of income and spend between 21st August 2023 and 31st December 2023.
| Income | |||
|---|---|---|---|
| Rental | 3799.32 | ||
| Total | 3799.32 | ||
| Expenditure | |||
| Gas | 500.06 | ||
| Electric | 306.25 | ||
| Water | 130.43 | ||
| Insurance | 298.48 | ||
| Legal Costs | 1202.2 | ||
| Sundries | 112.31 | ||
| Total | 2549.73 |