00 MIDDLETOWN MARKEf HOUSE MANAGEMENT COMMITTEE. Rqlstered Charfty No NIC106036 TRUSTEES ANN AL REPORT. l July 2023 to 30 June 2024 The Tfustees present thelr Trustees Annual Report prepared In accordan with Charltles SORP accompanylng the Independenrly examined flnantial statement for the year endln8 30 June 2024. Structure, Governance Ind Mana8•m•rf. Middletown Market House Is leased 10 the communlty by the St Patrlck's Djocesan Trust. The Market House was constructed in 1829 by the Trv5tees of the BtstrK)p Steame Charltles. The Orlglnal bulldln8 is Ilsted and Is of historlcal slgnifscance. A (>evelopment Commlttee from the communlty succe55fully obtained fundin8 to restore the Ofl8inal bullding and extend It. It Wa5 officlally opened for communlty LFse on 27 April 2(M)l.The Middletown Market House Management Comffllttee Is responslble for makin8 the Market House avallable to the community and for its maintenance. Thè operation of the Maiket House Is governed by a Constltutlon adopted on 12 Aprll 2C(12 and omended In 2017. Trustttslcommltree Member& Members seDAn8 durlni th1$ year were:. Mr Mlchael Mc%eman Ichalrmanl Ms Frances T Lavery Isecfetaryl Mr Gerald Mallon (Trea5urerl Mrs Mary Oonnelly Mrs Maureen Lappln [resigd Aprll 20241 Mr Paddy Lappln Mr Eamon McDonakl Mr Aidan Mallon lappolnted Aprll 2024]
Publ1¢ Addr•ss. Mr Gerald Mallon, 3 The D&aftnd. Mlddletown, Arma8h. 8T604JE Obl•rtlve5. The Objectives ol the charlty are'.- lal To promote the beneflt of ihe Inhabltants of Mlddletown and Distritt wlthout distlnction of age, sex. sexual orientation. race. political. religious or other opinlon, by assoclailn8 wlth statutory authorlties. voluntary organisations and inhabilants In common effort to advan educatlffi and In the Interests of sodal welfare to provide lacllltles lor recreatlon and other lelsure fime occupatlon wlth the oblert of Improving the condltlons of Ilfe for the inhabltsnts. (bl To operate, maintaln and mana8e the Middletown Market House Iwhether alone or In cooperatlon wlth any local authorlty ty other person or body) In the furtherence of these objects. Key A(tlvltles In thls Y••r. The Trustees operate the Market House making It available to the communlty for running varlou5 actlvltles Involving recreation. cla55es. fitnesslskllls tralnlng and entertalnment. During the year uses were by the Followin8 8fOUclUb5:. GAA Lotto Committee Frlendly aub Hurling Club Camo8le club 6ow15 Club Irlsh danclng class Speech and Orama dass Youth aub Football tralnln8 and Indoof games. Karate Classes Children's blrthday partles Refreshments after funerals Ladles Night Presentations to under a8e sports people. Craft Falrs. Our records and dis¢usslons wlth the user 8roup Indlcate that there were over 3,500 people users over the year. This Is stlll lower than before the pandernSc. Use Is quite Ilght In the summer months when users take breaks and are involved in outd(1 activilles.
Overall ihe Trusiee$ afe confldent tht the Public Benefit Includlna:. In¢ased sense of wellbelng for the cttlzen5 of the Middletown area, The creation of opportunlties for soclal, educational and recreational actlvltles leadSn8 to communlty development and welfafe, The maintenance ol a purpose bullt communlty lacllrty. Is belng achleved. Re¥lew ot Buslness. Mlddletown Market House Management Commlttee Incurred a business deficlt of £2,5(X) this year. being covered by the cash reseThes. This year Income was from rent recelved and a 8rant. Rent receipts were down considerably whlch Is concemln The Trustees continue to operate the facillty effitiently with the maln expenditure beln8 on heat and Ilght, water, insurance. wages and Caretaker costs and malntenance. Costs have deueased by approximately 24% reflectlng lesser usage and more favourable fuel costs. Our pollcy hès been to encovroge gfeater use and avold havin8 to increase rental rates to cOT Increasln8 Costs as this could be counterproductlve. ReJ•r¥•s Pollcy. Middletown Market House Mana8emenr Committee have a Reserves Pollcy whlch requlres the malntenance of suth'clent cash reserves to be able to operate during a per1 wheie rent recelved Is reduced or nonexlstent or bi8 Items of maintenance arise. Future Pl•ns As the operatlon of the extended and rehjfbished Market House has passed 23 years of operation the Trustees recognise that certaln maintenance needs wlll arise. Needs wlll be contSnuousfy evaluated and action taken as requlred bearing In mind ihe need for value for money and ar the same time ensure the maintenance of suffident feserves.. Feedback Irom users Is considered by Ihe Trustees and requests for addltlonal use of the facllltles wlll be accommodated where Space is available. STATEMENT OF TRUSTEES RESPONSIBIUTIES. For the year endlng 30 June 2024. The Trustees are responsible for Pfeparlni the finanelal statements In a¢dance wlth appllcable18w and re8ulatlons.
The Trustees a respon*ble lor keepln8 proper aOuntIng records whlch dlsclose wlth reasonable accuracy at any tlme the flnanclal posttlon of the tharlty and enable them to ensure thar the finanelal statements comply wlth all appropflate regulatbons. They are also responsible for safegLbard4n8 the ossers of the charlty and hence for takln8 reasonable steps for the detection of fiaud and other Irregularltles. In so far as the Trustees are aware:. There15 no relevant information Ilnformatlon needed by the charWs Independent examlner In connecrlon with preparlng the Independent examlnerfs report) of whl¢h the charitrfs Independent examlner is unaware. and The trustees have taken all the steps that they ought to have iaken to make themselves aware of any relevant Independent examlner informatlon and to establlsh the charltrfs Independent examlner is aware of that informatlon, Approved by tht Trust•es for submlsslon to th• char1t1 Commlsslon {Nl} Chaimian Secretary