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Magherafelt Market Trustees

  • Status

    Received: 44 days late

  • Income

    £100.4K

  • Spending

    £77.6K

  • Charity no. 101134
  • Date registered. 08/03/2016

Public benefits

The purpose of the organisation is to hold and maintain properties central to the fabric of the town of Magherafelt and to use any resulting income for the continued maintenance and improvement of such properties. These properties have been held on Trust by the organisation (the Trustees) since 1889 and, as such, are key to the character of the

town. These properties are used, where possible, for hosting public events or charitable organisations. Donations from the rental income of the properties are made yearly to other charitable organisations within the Town of Magherafelt, therefore benefiting the public further. The Magherafelt Market Trustees intend to benefit the section of the Public known as the inhabitants of the Town of Magherafelt. In that regard they will not provide a private benefit to individuals unless this benefit is incidental to their aforementioned intention. Their intended beneficiaries shall be both present and future generations of those described individuals.

What your organisation does

The Magherafelt Market Trustees hold, maintain and acquire properties central to the fabric of the town of Magherafelt and to use the properties and any resulting income for the continued maintenance and improvement of such properties. In particular this activity shall provide facilities for group, organisations, companies and individuals to

provide a mix of environments, services and opportunities that may not otherwise be available to the inhabitants of Magherafelt. The use, maintenance and improvement of these buildings maintain the character of the town. The properties are used not only for public events and charitable organisation but raising income that is then distributed to local charitable organisations within the town of Magherafelt. These organisations are not limited in any way to ensure all or as wide a spectrum as possible of inhabitants of Magherafelt benefit.

The charity’s classifications

  • Other charitable purposes

Who the charity helps

  • Children (5-13 year olds)
  • General public
  • Voluntary and community sector
  • Youth (14-25 year olds)

How the charity works

  • Community development
  • Community enterprise
  • General charitable purposes
  • Heritage/historical
  • Urban development
  • Youth development

Charitable purposes

To manage and use the same hereditaments and premises for the benefit of the Inhabitants of the Town of Magherafelt as the Trustees or the major part of them shall in their uncontrolled discretion think fit and for such purpose to make regulations as to and to fix a scale of charges for the user of the said hereditaments and premises with power to remit such charges altogether if deemed proper so to do and to apply the surplus rents and profits arising from the said hereditaments and premises after payment thereout of all necessary outgoings and expenses in reference to the insurance maintenance and management of the same premises in or towards the development and improvement thereof and of the Town of Magherafelt as the Trustees or the major part of them shall in their uncontrolled discretion from time to time determine

Governing document

Trust Deed or Declaration of Trust

Other name

  • 6 Trustees
  • 6 Employees
  • 0 Volunteers

Trustee board

  • Mr Raymond Collins
  • Alan Burns
  • Mr John James Keatley
  • Mr Ian Henry
  • Mr Terence Scott
  • Mr Gerard Monaghan

Contact details

Public Address

Mr Raymond Collins, 12A Queen Street, Magherafelt, County Londonderry, BT45 6AB

List of regions

  • Causeway Coast And Glens District Council
  • Mid Ulster District Council

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