Charity registration number: 226547
The Miners Convalescent Home (Blackpool) Annual Report and Financial Statements for the Year Ended 31 March 2021
Beckett Rawcliffe Limited Chartered Accountants Beckett House Sovereign Court Wyrefields Poulton le Fylde Lancashire FY6 8JX
The Miners Convalescent Home (Blackpool)
Contents
| Reference and | Administrative Details | Administrative Details | Administrative Details | Administrative Details | Administrative Details | 1 to | 3 | ||
|---|---|---|---|---|---|---|---|---|---|
| Trustees' Report | 4 | ||||||||
| Independent examiner's report | 5 | ||||||||
| Statement of financial activities | 6 | ||||||||
| Balance Sheet | 7 | ||||||||
| Notes to the financial statements | 8 to 16 |
The following page does not form part of the statutory financial statements:
Statement of financial activities per fund 17
The Miners Convalescent Home (Blackpool) Reference and Administrative Details
| Charity name | The Miners Convalescent Home (Blackpool) | The Miners Convalescent Home (Blackpool) |
|---|---|---|
| Charity registration number | 226547 | |
| Principal office | 30 Queens Promenade | |
| Blackpool | ||
| Lancashire | ||
| FY2 9RN | ||
| Registered office | 30 Queens Promenade | |
| Blackpool | ||
| Lancashire | ||
| FY2 9RN | ||
| Trustees | Mr J Dowling, | Chairman |
| Mr J Wills | (Deceased 22 July 2020) | |
| Mr D Turton | ||
| Mr B Talbot | (Deceased 30 November 2020) | |
| Mr T Meadows | ||
| Mr P Lomas | ||
| Mr P Browell | ||
| Mr W Kelly | ||
| Mr D Martin | ||
| Mr G Eaves | ||
| Mr J Lockett | ||
| Bankers | Barclays Bank | Plc |
| Leicester | ||
| LE87 2BB | ||
| Accountant | Beckett Rawcliffe Limited | |
| Beckett House | ||
| Sovereign Court | ||
| Wyrefields | ||
| Poulton le Fylde | ||
| Lancashire | ||
| FY6 8JX | ||
| Investment Advisor | Becketts F S Limited | |
| Beckett House | ||
| Wyrefields | ||
| Poulton Business Park | ||
| Poulton-le-Fylde FY6 7JX Page 1 |
The Miners Convalescent Home (Blackpool)
Reference and Administrative Details
The trustees present their report and the financial statements of the charity for the year ended 31st March 2021
Reference and administrative details are shown in the schedule of trustees and professional advisers on page 1 of the financial statements.
The trustees
The trustees who served the charity during the year are detailed on page 1.
Structure, governance and management
The charity was formed on 21st May 1991 and registered under the Charities Act, registration number 226547. The charity is governed under a Charity Commission Scheme dated 1st October 2002.
The board of Trustees has discretion to appoint new trustees. It is the policy of the charity that trustees, both new and existing, attend as many trustee meetings as possible, which are normally held half yearly. New trustees are guided through their responsibilities by the serving trustees.
Governance, management and financial control are administered from the charity’s property 30 Queens Promenade, North Shore, Blackpool, FY2 9RN. All major decisions are made by the trustees.
Objectives and activities for the public benefit
The trustees confirm they have referred to the guidance contained in the Charity Commissioners’ general guidance on public benefit when reviewing the charity’s objectives and future plans.
The principal charitable objective of the charity is as follows:
The provision and maintenance of a convalescent home for the benefit of workers who are or have been employed in the coal industry in the Lancashire, Cheshire, Staffordshire, North Wales, Worcestershire and Shropshire districts of the British Coal Corporation.
If and in so far as the convalescent home is not required for occupation by such workers aforesaid then the trustees may permit the following persons to use the convalescent home upon such terms and at such charges as the trustees may from time to time determine.
Convalescence for workers who are or who have been employed in the coal industry in areas other than the area of benefit.
The trustees may also provide convalescence for any persons, and when appropriate their carers, who are or have been employed in the coal industry in the area of benefit and who are unable because of disability or for some other reason the trustees consider is proper justification to use the convalescent home, by such methods as the trustees determine appropriate.
The principal activity of the charity is:
Promoting and improving the health, social well being and conditions of living for the beneficiaries and their spouses when attending as guests at the home.
Achievements and performance
The trustees consider that they have met their objectives for the current financial year and have continued to provide the level of service to guests’ when possible to do so and despite the background of a global pandemic.
Financial review
Page 2
The Miners Convalescent Home (Blackpool)
Reference and Administrative Details
The charity sustains trading deficits on an annual basis and is dependent on the performance of its investments to mitigate such losses. The trustees appreciate therefore that the charity has a finite length which will be determined by the level of funds held. The trustees consider that the level of reserves currently held is sufficient for the charity to operate for at least the next twenty years.
Reserves policy
Expenditure exceeds income annually and as custodians of the charity’s funds it is the trustees’ policy to maintain reserves at as high a level as possible given the current economic climate. The charity heavily relies on the performance of its investments in order to achieve its principal objective. The performance of these investments can be seen in the accounts at Note 12.
Plans for future periods
The charity will continue to carry out its main charitable activity and purpose and has no plans to increase or curtail the current level of activity.
The trustees recognise that the charity’s operations have a finite life but consider that the funds held will be sufficient to be able to continue to provide the level of service to the charity’s beneficiaries for the foreseeable future.
Trustees’ responsibilities in relation to the financial statements
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Trustees are required by the law applicable to charities in England and Wales to prepare financial statements for each financial year which give a true and fair view of the charity’s state of affairs and its incoming resources and application of resource for that period. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping property accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
Page 3
The Miners Convalescent Home (Blackpool)
Trustees' Report
Approved by the Trustees and signed on their behalf by:
......................................... Mr D Turton Trustee Date:................................
Page 4
Independent Examiner's Report to the Trustees of
The Miners Convalescent Home (Blackpool)
I report on the accounts of the Trust for the year ended 31 March 2021, which are set out on pages 6 to 16.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
......................................... David A Harben BSc FCA Beckett Rawcliffe Limited Chartered Accountants Date:................................
Beckett House Sovereign Court Wyrefields Poulton le Fylde Lancashire FY6 8JX
Page 5
The Miners Convalescent Home (Blackpool)
Statement of Financial Activities for the Year Ended 31 March 2021
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2021 | 2020 | ||
| Note | £ | £ | £ | |
| Incoming resources | ||||
| Incoming resources from generated funds | ||||
| Voluntary income | 2 | 169,023 | 169,023 | - |
| Activities for generating funds | 4 | 62,492 | 62,492 | 195,502 |
| Investment income | 5 | 177,801 | 177,801 | 170,000 |
| Total incoming resources | 409,316 | 409,316 | 365,502 | |
| Resources expended | ||||
| Costs of generating funds | ||||
| Costs of generating voluntary income | - | - | - | |
| Charitable activities | 7,6 | 260,744 | 260,744 | 368,676 |
| Governance costs | 8 | 8,096 | 8,096 | 7,980 |
| Total resources expended | 268,840 | 268,840 | 376,656 | |
| Net incoming/(outgoing) resources before other | ||||
| recognised gains and losses | 140,476 | 140,476 | (11,154) | |
| Other recognised gains/losses | ||||
| Gains/(losses) on investment assets | 273,762 | 273,762 | (335,077) | |
| Net movements in funds | 414,238 | 414,238 | (346,231) | |
| Reconciliation of funds | ||||
| Total funds brought forward | 1,863,330 | 1,863,330 | 2,209,561 | |
| Total funds carried forward | 2,277,568 | 2,277,568 | 1,863,330 | |
All incoming resources and resources expended derive from continuing activities.
The notes on pages 8 to 16 form an integral part of these financial statements.
Page 6
The Miners Convalescent Home (Blackpool)
Balance Sheet as at 31 March 2021
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |||||||
| Fixed assets | |||||||||||
| Tangible assets | 12 | 356,152 | 353,056 | ||||||||
| Investments | 13 | 1,775,526 | 1,501,764 | ||||||||
| 2,131,678 | 1,854,820 | ||||||||||
| Current assets | |||||||||||
| Stocks and work in progress | 2,200 | 2,200 | |||||||||
| Debtors | 14 | 912 | 2,338 | ||||||||
| Cash at bank and in hand | 157,035 | 16,524 | |||||||||
| 160,147 | 21,062 | ||||||||||
| Creditors: Amounts falling | |||||||||||
| due within one year | 15 | (14,257) | (12,552) | ||||||||
| Net current assets | 145,890 | 8,510 | |||||||||
| Net assets | 2,277,568 | 1,863,330 | |||||||||
| The funds of the charity: | |||||||||||
| Unrestricted funds | |||||||||||
| Unrestricted income funds | 2,277,568 | 1,863,330 | |||||||||
| Total charity funds | 2,277,568 | 1,863,330 | |||||||||
| Approved by the Board on ................... and signed on its | behalf by: |
......................................... ......................................... Mr J Dowling Mr D Turton Trustee Trustee
The notes on pages 8 to 16 form an integral part of these financial statements.
Page 7
Notes to the Financial Statements for the Year Ended 31 March 2021
The Miners Convalescent Home (Blackpool)
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, applicable accounting standards and the Charities Act 2011.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Further details of each fund are disclosed in note 18.
Incoming resources
Grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Investment income is recognised on a receivable basis. The income is derived directly from the investments held by the charity.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specific service or output.
Grants payable without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Governance costs
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Fixed assets
Individual fixed assets costing £1 or more are initially recorded at cost.
Page 8
The Miners Convalescent Home (Blackpool)
Notes to the Financial Statements for the Year Ended 31 March 2021
......... continued
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Fixtures and fittings 10% reducing balance basis Freehold land and buildings no provision made
Investments
Fixed asset investments are included at market value at the balance sheet date.
Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of the financial activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.
2 Voluntary income
Grants
UK Government grants
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2021 | 2020 | |
| £ | £ | £ | |
| 169,023 | 169,023 | - | |
3 Grants receivable
UK Government grants
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2021 | 2020 | |
| £ | £ | £ | |
| 169,023 | 169,023 | - | |
Page 9
The Miners Convalescent Home (Blackpool)
Notes to the Financial Statements for the Year Ended 31 March 2021
......... continued
4 Activities for generating funds
| Unrestricted | Total Funds | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | 2020 | ||
| £ | £ | £ | ||
| Convalesent home | ||||
| Provision of accommodation | 47,686 | 47,686 | 145,972 | |
| Bar sales | 14,806 | 14,806 | 49,530 | |
| 62,492 | 62,492 | 195,502 | ||
5 Investment income
The income is derived directly from the investments held by the charity shown at note 12.
| Unrestricted | Total Funds | Total Funds | ||||
|---|---|---|---|---|---|---|
| Funds | 2021 | 2020 | ||||
| £ | £ | £ | ||||
| Withdrawals | from | listed | investments | 177,801 | 177,801 | 170,000 |
Page 10
The Miners Convalescent Home (Blackpool)
Notes to the Financial Statements for the Year Ended 31 March 2021
......... continued
6 Analysis of charitable activities
| Analysis of charitable activities | |||
|---|---|---|---|
| Convalescent home |
Total | ||
| £ | £ | ||
| Grant funding of activities | - | - | |
| Food purchases | 22,561 | 22,561 | |
| Bar purchases | 4,185 | 4,185 | |
| Employment costs | 203,807 | 203,807 | |
| Laundry | 2,763 | 2,763 | |
| Light, heat and power | 9,639 | 9,639 | |
| Rates | 1,267 | 1,267 | |
| Insurance | 1,977 | 1,977 | |
| Repairs and maintenance | 6,831 | 6,831 | |
| Contribution to repairs | - | - | |
| Telephone and stationery | 1,629 | 1,629 | |
| Sundry and other costs | 2,523 | 2,523 | |
| Entertainment | 324 | 324 | |
| Independent examiner's fees | 792 | 792 | |
| Bank charges | 440 | 440 | |
| Depreciation of tangible fixed assets | 2,006 | 2,006 | |
| 260,744 | 260,744 | ||
The trustees consider that the charity engages in only one charitable activity, that of the provision and maintenance of a convalescent home for the benefit of workers who are or have been employed in the coal industry.
7 Details of charitable activities
| Activities | Grant | |||||
|---|---|---|---|---|---|---|
| undertaken | funding of | 2021 | 2020 | |||
| directly | activities | £ | £ | |||
| £ | £ | |||||
| Convalescent | home | 260,744 | - | 260,744 | 368,676 | |
Details of grants payable by the charity are shown in note 6.
Grants made by the charity are net amounts payable in respect of the provision of alternative accomodation to wheelchair bound and seriously disabled beneficiaries of the charity.The amounts paid in the year amounted to £0 ( 2020 £1,657 ) and the amounts received as a contribution to these costs amounted to £0 ( 2020 £828).
Page 11
The Miners Convalescent Home (Blackpool) Notes to the Financial Statements for the Year Ended 31 March 2021
......... continued
8 Governance costs
| Unrestricted | Total Funds | Total Funds | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|---|
| Funds | 2021 | 2020 | |||||
| £ | £ | £ | |||||
| Trustees expenses | 260 | 260 | 1,380 | ||||
| Independent examiner's fees | 6,636 | 6,636 | 6,600 | ||||
| Investment management costs | 1,200 | 1,200 | - | ||||
| 8,096 | 8,096 | 7,980 | |||||
| 2020 | 2019 | ||||||
| £ | £ | ||||||
| Independent examination | 3,600 | 3,420 | |||||
| Accountancy | 1,560 | 1,560 | |||||
| Payroll services | 1,440 | 1,326 | |||||
| Total | 6,600 | 6,306 | |||||
9 Trustees' remuneration and expenses
No trustees received any remuneration during the year.
Expenses totalling £260 ( 2020 £1,380) were paid to trustees in the year in respect of travelling expenses.
10 Net incoming/(outgoing) resources
Net incoming/(outgoing) resources is stated after charging:
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation of owned assets | 2,006 | 1,662 | |
Page 12
The Miners Convalescent Home (Blackpool)
Notes to the Financial Statements for the Year Ended 31 March 2021
......... continued
11 Employees' remuneration
The average number of persons employed by the charity (including trustees) during the year, analysed by category, was as follows:
| 2021 | 2020 | ||
|---|---|---|---|
| No. | No. | ||
| Charitable activities | 13 | 13 | |
| Governance | 1 | 1 | |
| 14 | 14 | ||
| The aggregate payroll costs of these persons were as follows: | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Wages and salaries | 193,043 | 215,178 | |
| Social security | 6,278 | 10,189 | |
| Other pension costs | 4,486 | 5,511 | |
| 203,807 | 230,878 | ||
Page 13
The Miners Convalescent Home (Blackpool)
Notes to the Financial Statements for the Year Ended 31 March 2021
......... continued
12 Tangible fixed assets
| Freehold | |||||
|---|---|---|---|---|---|
| interest in land | |||||
| and buildings | Fixtures, | ||||
| (including | fittings and | ||||
| heritage assets) | equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| As at 1 April 2020 | 338,100 | 61,916 | 400,016 | ||
| Additions | - | 5,102 | 5,102 | ||
| As at 31 March 2021 | 338,100 | 67,018 | 405,118 | ||
| Depreciation | |||||
| As at 1 April 2020 | - | 46,960 | 46,960 | ||
| Charge for the year | - | 2,006 | 2,006 | ||
| As at 31 March 2021 | - | 48,966 | 48,966 | ||
| Net book value | |||||
| As at 31 March 2021 | 338,100 | 18,052 | 356,152 | ||
| As at 31 March 2020 | 338,100 | 14,956 | 353,056 | ||
| Investments held as fixed assets | |||||
| Listed | |||||
| investments | |||||
| £ | |||||
| Market value | |||||
| As at 1 April 2020 | 1,501,764 | ||||
| Revaluation | 273,762 | ||||
| As at 31 March 2021 | 1,775,526 | ||||
| Net book value | |||||
| As at 31 March 2021 | 1,775,526 | ||||
| As at 31 March 2020 | 1,501,764 | ||||
| All investment assets were held in the UK. |
13 Investments held as fixed assets
Page 14
The Miners Convalescent Home (Blackpool)
Notes to the Financial Statements for the Year Ended 31 March 2021
......... continued
14 Debtors
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Prepayments | and | accrued | income | 912 | 2,338 |
15 Creditors: Amounts falling due within one year
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Amounts | due | to suppliers | - | 332 | |
| Taxation | and | social security | 1,841 | 2,427 | |
| Accruals | and | deferred income | 12,416 | 9,793 | |
| 14,257 | 12,552 | ||||
16 Pension scheme
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £4,486 (2020 - £5,511).
There were no outstanding or prepaid contributions at either the beginning or end of the financial year.
Page 15
The Miners Convalescent Home (Blackpool)
Notes to the Financial Statements for the Year Ended 31 March 2021
......... continued
17 Related parties
Controlling entity
The charity is controlled by the trustees.
18 Analysis of funds
| Other | |||||
|---|---|---|---|---|---|
| At 1 April | Incoming | Resources | recognised | At 31 | |
| 2020 | resources | expended | gains/losses | March 2021 | |
| £ | £ | £ | £ | £ | |
| General Funds | |||||
| Unrestricted income fund | 1,863,330 | 409,316 | (268,840) | 273,762 | 2,277,568 |
19 Net assets by fund
| Unrestricted | Total Funds | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | 2020 | ||||||
| £ | £ | £ | ||||||
| Tangible assets | 356,152 | 356,152 | 353,056 | |||||
| Investments | 1,775,526 | 1,775,526 | 1,501,764 | |||||
| Current assets | 160,147 | 160,147 | 21,062 | |||||
| Creditors: Amounts falling due within one year | (14,257) | (14,257) | (12,552) | |||||
| Net assets | 2,277,568 | 2,277,568 | 1,863,330 |
Page 16
The Miners Convalescent Home (Blackpool) Statement of financial activities by fund Year Ended 31 March 2021
| Unrestricted | Unrestricted | |
|---|---|---|
| income fund | income fund | |
| 2021 | 2020 | |
| £ | £ | |
| Incoming resources | ||
| Incoming resources from generated funds | ||
| Voluntary income | 169,023 | - |
| Activities for generating funds | 62,492 | 195,502 |
| Investment income | 177,801 | 170,000 |
| Total incoming resources | 409,316 | 365,502 |
| Resources expended | ||
| Costs of generating funds | ||
| Costs of generating voluntary income | - | - |
| Charitable activities | 260,744 | 368,676 |
| Governance costs | 8,096 | 7,980 |
| Total resources expended | 268,840 | 376,656 |
| Net incoming/(outgoing) resources before other recognised gains and losses | 140,476 | (11,154) |
| Other recognised gains/losses | ||
| Gains/(losses) on investment assets | 273,762 | (335,077) |
| Net movements in funds | 414,238 | (346,231) |
| Reconciliation of funds | ||
| Total funds brought forward | 1,863,330 | 2,209,561 |
| Total funds carried forward | 2,277,568 | 1,863,330 |
This page does not form part of the statutory financial statements.
Page 17