REGISTERED COMPANY NUMBER: 03222165 (England and Wales)

REGISTERED CHARITY NUMBER: 1071636

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

MIDDLEHAM KEY CENTRE LTD

Page

Report of the Trustees

1

to

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

11

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal activity of the company is that of the provision of educational, training and recreational facilities for the people of Middleham, Leyburn and the surrounding areas.

The charity is organised so that the trustees meet regularly to manage its affairs and to revise and manage identified risks. There are administrators who manage the day to day activities of the charity. Funds are raised primarily from community and commercial bookings, courses and rental income from tenants. Additionally monies are donated and shown in note 2 to the accounts.

When reviewing the charity's objectives, activities and future plans, the trustees have referred to the guidance contained in the Charity Commissions' general guidance on public benefit.

ACHIEVEMENTS AND PERFORMANCE

Following discussions with Middleham Town Council as Trustee owner of the Middleham Key Centre and as Sole Trustee of the Charity for the Benefit of the Inhabitant Householders of the Parish of Middleham (Registered charity number (506048), (hereafter referred to as IH) it was decided by the Trustees of the Middleham Key Centre that its main purposes were now being duplicated by the IH charity. Therefore, the MKC Trustees resolved to wind up the MKC charity and to transfer any remaining assets to the IH charity. This was agreed by the IH charity. The tenancy of the Key Centre was, therefore, surrendered on 31st March 2024 and all contracts for its service and maintenance closed. Unfortunately, closing two accounts, namely with EDF and BT, has proved extraordinarily difficult and time consuming to achieve, the process continuing into the FY 2024/25 and, in the case of EDF, continuing into December 2025, over two years after all other activity had ceased.

Once the final EDF account has been confirmed as closed, and all solar panel income from that period has been transferred to the IH Charity as tenants of the building, final accounts will be produced, any remaining funds dispersed appropriately as per the charity's Articles of Association and the winding up application will be made to the Charity Commission.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Charity is constituted as a company limited by guarantee and a registered charity and is, therefore, governed by a Memorandum and Articles of Association. Membership is open to anyone over the age of 18.

Appointment of new trustees

The directors of the charitable company ("the charity") are its trustees for the purpose of charity law and throughout the report are collectively referred to as trustees.

The Articles of Association provide that the trustees may be appointed by ordinary resolution in general meeting.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03222165 (England and Wales)

Registered Charity number

1071636

Registered office

Park Lane

Middleham

Leyburn

North Yorkshire

DL8 4RA

Trustees

Honor June Byford

Lorna Skelton

Samuel WIlliam G Mashford

Company Secretary

Samuel WIlliam G Mashford

Approved by order of the board of trustees on 30 July 2026 and signed on its behalf by:

Samuel WIlliam G Mashford - Trustee

Period

1.4.23

Year Ended

to

30.9.25

30.9.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

316

-

316

1,318

Other trading activities

2

-

-

-

5,522

Investment income

3

41

-

41

2,197

Total

357

-

357

9,037

EXPENDITURE ON

Raising funds

-

-

-

4,708

Charitable activities

General

3,513

1,168

4,681

22,872

Total

3,513

1,168

4,681

27,580

NET INCOME/(EXPENDITURE)

(3,156

)

(1,168

)

(4,324

)

(18,543

)

RECONCILIATION OF FUNDS

Total funds brought forward

16,779

5,686

22,465

41,008

TOTAL FUNDS CARRIED FORWARD

13,623

4,518

18,141

22,465

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

8

7,120

4,000

11,120

14,397

CURRENT ASSETS

Debtors

9

-

-

-

264

Cash at bank

8,603

518

9,121

9,486

8,603

518

9,121

9,750

CREDITORS

Amounts falling due within one year

10

(2,100

)

-

(2,100

)

(1,682

)

NET CURRENT ASSETS

6,503

518

7,021

8,068

TOTAL ASSETS LESS CURRENT LIABILITIES

13,623

4,518

18,141

22,465

NET ASSETS

13,623

4,518

18,141

22,465

FUNDS

11

Unrestricted funds

13,623

16,779

Restricted funds

4,518

5,686

TOTAL FUNDS

18,141

22,465

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 30 July 2026 and were signed on its behalf by:

Samuel WIlliam G Mashford - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Since the year-end, the trustees have decided to transfer the assets, liabilities, and activities of the Charity to Charity for the Benefit of Inhabitant Householders of Parish of Middleham (Charity number: 506048) and Leyburn Arts Centre Limited (Charity number: 1122092). Once this transfer has taken place, the trustees intend to close the charity and deregister it from the Charity Commission. These financial statements have therefore been prepared on a basis other than that of a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance and Over 15 years

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2.	OTHER TRADING ACTIVITIES

Period

1.4.23

Year Ended

to

30.9.25

30.9.24

£

£

Fundraising events

-

1,931

Community bookings

-

2,498

Non community bookings

-

580

Clerical services

-

454

Catering sales

-

59

-

5,522

3.	INVESTMENT INCOME

Period

1.4.23

Year Ended

to

30.9.25

30.9.24

£

£

Rents received

-

1,829

Deposit account interest

38

368

HMRC interest

3

-

41

2,197

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period

1.4.23

Year Ended

to

30.9.25

30.9.24

£

£

Depreciation - owned assets

3,277

5,518

Other operating leases

-

1,784

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the period ended 30 September 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2025 nor for the period ended 30 September 2024.

6.	STAFF COSTS

The average monthly number of employees during the year was as follows:

Period

1.4.23

Year Ended

to

30.9.25

30.9.24

Trustees

3

3

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,318

-

1,318

Other trading activities

5,522

-

5,522

Investment income

2,197

-

2,197

Total

9,037

-

9,037

EXPENDITURE ON

Raising funds

4,708

-

4,708

Charitable activities

General

20,968

1,904

22,872

Total

25,676

1,904

27,580

NET INCOME/(EXPENDITURE)

(16,639

)

(1,904

)

(18,543

)

RECONCILIATION OF FUNDS

Total funds brought forward

33,418

7,590

41,008

TOTAL FUNDS CARRIED FORWARD

16,779

5,686

22,465

8.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 October 2024 and 30 September 2025

89,555

DEPRECIATION

At 1 October 2024

75,158

Charge for year

3,277

At 30 September 2025

78,435

NET BOOK VALUE

At 30 September 2025

11,120

At 30 September 2024

14,397

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

VAT

-

264

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,431

614

Social security and other taxes

37

37

Accruals and deferred income

632

1,031

2,100

1,682

11.	MOVEMENT IN FUNDS

Net

At

movement

At

1.10.24

in funds

30.9.25

£

£

£

Unrestricted funds

Unrestricted fund

16,779

(3,156

)

13,623

Restricted funds

Restricted

5,686

(1,168

)

4,518

TOTAL FUNDS

22,465

(4,324

)

18,141

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Unrestricted fund

357

(3,513

)

(3,156

)

Restricted funds

Restricted

-

(1,168

)

(1,168

)

TOTAL FUNDS

357

(4,681

)

(4,324

)

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

30.9.24

£

£

£

Unrestricted funds

Unrestricted fund

33,418

(16,639

)

16,779

Restricted funds

Restricted

7,590

(1,904

)

5,686

TOTAL FUNDS

41,008

(18,543

)

22,465

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Unrestricted fund

9,037

(25,676

)

(16,639

)

Restricted funds

Restricted

-

(1,904

)

(1,904

)

TOTAL FUNDS

9,037

(27,580

)

(18,543

)

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2025.