Charity registsation number.. 226547 The Miners Convalescent Hoine (Blackpool) Annual Report and Financial Statem¢nts for the Year Ended 31 March 2024 Be¢keii Raw¢litT¢ Limited Chartered Accountants Beckett House SovereiLJn Couit Wyrefields Poulton 1¢ Fylde Lan¢ashire FY6 8JX
The Miners Convalescent Home (Blackpool) Contents Ref¢rence and Admilli5trative Details Ti'ust¢es' Report Independent examiner's report Statement or rinancial activities 2to3 Balance Sheet Noi¢s to ihe financial gtsiements 7t0 13 The following page does not fom) part of the statutory financial 5tat¢ments'. Statement of financial activities per fund 14
The Miners Convales¢ent Home (Blackpool) Reference and Adminislrative Details Charity name The Miners Convalescent Home (Blackpool) Charity registration number 226547 Principal office 30 Queens Pron)enade Blackpool Lancashire FY2 9RN Registered office 30 Queens Promenade Blackpool Lancashire FY2 9RN Trustees Mr J Dowling> Chaimian Mr D Turton {Retired 9 October 2023) fvlr T Meadow5 Mr P Lomas Mr P Browell Mr W Kelly Mr D Martin Mr G Eaves Mr J Lockett Mr Ken Burgess Baiikers Barclays Bank PIC Leicesier LE87 2BB Accountant Beckett Rawc15ffe Limited Beckett House Sovereign Court Wyrefields Poulton le Fylde Lancashire FY6 8JX Investment Advisor Becketts F S Limited Beckett House Wyrefield5 Poiiltoll Business Park Poulton-le-Fylde FY6 7JX Page I
The Miners Convaleseent Home (Blackpool) Trustees, Report The trustees present their report and the financial 5tat¢ments of the tharity for the year ended 31st March 2024. Reference and administrative details are shown in th¢ 5¢hedule of trustees and professional advisers on page l of the financial siatements. The trustees The trustees who served th¢ charity during the year are detail¢d on page l. Strueture) governan¢¢ and management The charity wa5 fornied on 2 1st May 1991 and registered und¢r the Charities Aei. r¢gistration number 226547. The charity is governed under a Charity Commissioii Schetne dated I st Oclober 2002. The board of Trustees ha5 di5¢retion to appoint new trustees. It 15 the policy of the charity that trustees. both ne and exisiing, attend as many tTUStee meetings as possible. which ar¢ nomially held half yearly. New trustee5 are guided througli their responsibilities bj, the serving trllstees. Govemance, management and financial conirol are administered from the charity's prop¢rty 30 Queens Promenade, North Shore, Blackpool, FY2 9RN. All major decisions are tnade by the iNstees. Objective5 and 8¢tivitie5 for the public bencfit The trustees confirm they have ref¢rr¢d to th¢ guidance contained in the Charity Commissioners. general guidance on public benefit when reviewing the charity's obj¢¢tives and future plans. The principal charitable objective of the tharity 15 as follows= The provision and maintenance of a convales¢ent home for the benefit of workers who are or have been employed in the coal industry in the Lancashire, Cheshire, Stafford5hire, North Wales. Worcestershire and Shropshire districts of the British Coal Corporation. If and in $0 far as the convalescent home is not reqiiired for occiipation by Such workers aforesaid then the trustees may perniit tl)e following persons to Use the convalescent horne upon su¢h ternis and at such charges as the tnJ5tees may fi'om time to time deternjine. Convalescenee for workers who are or who have becn employed in the eoal industry in areas oiher than the area of benefit. The trustees Jnay a150 provide ctsnvalescenre for any persolls, and when appropriate tiieir gar¢rs, wl)o are or have beeii etnployed in the coal industr> in the area of benefit and who are unable because of disability or for some other reason lh¢ trustees consider is proper jusiification to use the convalescent home, by such method5 as Ihe trustees deternjine appropriate. The principal acEiVity of the charity 15: Promoting and improving the healih, Social well being and condilions of living for the beneficiaries and their spouses ivhen aitending as guests at the home. Aehievemcnts and performance The trusiees consider that they have met their obj¢¢tiv¢s for the cuTr¢Dt financial year and have continued io provide the level of servi¢e io guests, when p0s5ible to do so and desplte the background of a global pandeinic. Financial review Pttge 2
The Miners Convalescent Hom¢ (Blackpool) Trustees, Report The chariry SUStain5 trading deficits on an annual basis and 15 dependent on the perforniance of its invesiments io miiigaie such 1055es. 'I'he trustees appreciate iherefoie that the charity has a finite leng7th which will be deiermincd by ihe level of funds held. 'I'he trnstees consider That the level of reserves currently held is suffi¢ient for the charity to operale for at leasi the next twenty years. Reserves poliey xpenditure exceeds income annually and as custodiaiis of the charity's funds it is the trustee5' policy io maintain re%erves ai as high a level as possible givell the current economic climate. The charity heavily relies on thc perfomiance of its Investments in order to achieve its principal objective. The perforniance of these investments can be seen in the accounts at Note 12. Pl#ns for future periods The charity will continue to carry ou( ils main charitable activity and purpose and has no plans to increase or curtail the ¢UTrent level of activity. The Irustees recognise that the charity's operations have a finite life bui consider ihat the funds held will b¢ su(ficieni io be able io continue io provide the level of service lo the charÉty's beneficiaries for the foreseeable fuiure. Trustees, responsibilities in relatlon to the finaneixl Statements The irusiees are responsible for preparing the Trusiees. Report and the financial 5taternents in accordan¢¢ with applicable law and United Kingdom Accounting Standards (Unired Kingdom Generally Accepted A¢¢ounting Practice). Trustees are required by ihe law applicable 10 chariiies in Engjland and Wales io prepare financial siatements for each financial year which give a true and fair view of the chariry's state of affairs and its incoming resources and application of resource for thai period. In pr¢par2ng those financial statements, th¢ tru5t¢es are r¢quir¢d to- select suitable accounting policies and apply th¢m ¢onsistently', observe the methods and principle5 in the Charities SORP; make judgements and estimates ihat are reasonable and prudent; state whether applicable accounting siandards have been followed. Subject to any material departures disclosed and explained in the financial siatemenis,. and prepare the financ2al sta(ements on a going concern basis unless it is inappropriate to presume thac ihe charity will continue in operaiion. I'he trustees are responsble for keeping property accouniing rOrdS which dssc105e with reasonabl¢ accuracy the financial position of the charity and enable th¢m to cn%urc the flnancial statement5 comply with the Charities Act 199i. the Charity (Accounis and Roportsl Rcgulations ?008 and the provisions of the irusi deed. They have general responsibility for iaking such %t¢p% as are reasot)ably open to ihem to safeguard ihe assets of ihe charity and to prevent and deteci fraud and othcr egular1t1t$. Approved by ihe Trusiees on 14 October 2024 and signed on their behalf by.. J Dowling rusiee Page 3
Independent Examiner's Report to the Trustees of The Miners Convalescent Home (Blackpool) I report on the a¢¢ounts of the Trust for tht year ended 31 March 2024. which are set out on pag¢s 5 to 13. Respeetive responslbilities of trustees and cxamincr The trusrees are responsible for rhe preparation of the accounts. The trnsl¢¢s consider that an audit is not required for this year under section 14412) of the Charities Act 201 Ilthe 2011 Act) and that an iTrdep¢iident examination is needed. It Is my responsibility to.. examine ihe accounts under gection 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 ACÈ. and state whether particular matters have ¢om¢ to my attention. Basis of independent examiner's rtport My examination was carried OUL in accordance with the G¢neral DiTections given by the Charity Commission. An examination includes a review of the accounting records kepÉ by the charity and a comparison of the account5 presented with those records. It a150 includes tonsideration of any unusual items or disclosures in th¢ accounts, and seeking explanations from you as trustees concerning any such matters. The procedures ndertaken do nor provide all th¢ evidence that would be required in an audit and consequently no opinion is given as to wheiher the accounts present a 'true and fair view and tlje report is IiTnited to those matters set out in the stateThent b¢low. Indeptndent examiner'5 Stktement In connection with my examiiialion. no matter has come to my attention.. (l} which give5 me reasonable cause to believe ihat in any material resp¢Gt th¢ r¢quirements: to keep a¢counting record5 in a¢cord#nce with Section 130 of the Act. and to prepare accounts which accord with the accounting records and comply with the ac¢ouDting requirements of thc 2011 A¢t not been met., or o which, in my opinion, atterytloll Should be drawn in order to enable a proper understanding of the accounls to be reached. Beckett House Sovereign Court Wyrefields Poulton le Fylde Lancashire FY6 8JX David A Harben Bsc FCA Beckett Rawcliffe LiTniled Chartered Accountants 14 October 2024 Page 4
The Miners Convalescent Home (Bla¢kpool) Statcment of Financial Activities for the Year Ended 31 March 2024 Unrestrleted Total Fund5 TotAI Funds Funds 2024 2023 Note Incoming resources Incoining I'esources froin generated funds AciEvitie5 for generating funds Investment income Total incotning resources 226.383 31,335 257,718 226.383 31,335 257,718 223,560 29.402 252,962 Resources ¢xpended Costs of generating funds Costs of generating voluntary income Charitable aciiviiies Govemance costs Total resources expended 397,257 5,502 402,759 397.257 5,502 402,759 371,646 7,668 379,314 Net outgoints resources before other recognis¢d gains and losses {145.041) (145.041) {126,352> Other recognised gaittsllosses Gains1(losses) on investsnent a5S¢ts 43,088 43,088 (160,091) Net movements in funds (101.953) {101,953) (286,443) Rteoneiliation of funds Totsl funds brought forward Total funds caNied forward 1,968,164 1,866,21 1,968,164 1,866,211 2,254,607 1,968,164 All incoming resources and resourc¢s expended derive from continuing activities. The notes on pa(Tes 7 10 13 form an integral part of these finan¢ial statements. Page 5
The Miners Convaleseent Home (Bla¢kpool) Balance Sheet as at 31 March 2024 2024 2023 Note Flxtd a55et% Tangible assets Investments 373,770 1.475,063 1.848.833 364,972 1,580.641 1,945,613 Crr¢nI assets Stock5 and work in progrcss Debiors Cash at bank and in hand 2,200 2,200 1,021 34,521 37,742 32,150 35,465 Creditnrs.. Amounts falling due within one year (18,087) {15,191) Net current assets 17,378 22,551 Net 8s$ets 1,866,211 1.968,164 The funds of the charity: Unrestricled funds Unrestricied income funds 1,866,211 1,968,164 Total charity funds 1.866.211 1,968,164 Approved by the Board on 14 October 2024 and signed on lis behalf by". r J DowliTig Trustee The noi¢s on p8ge5 7 to 13 forn) an int¢grdl part of th¢5¢ financial stat¢mentS. Page 6
The Miners Convalescent Home (Bla¢kpool) Notes to the Financial St&tem¢nls for the Year Ended 31 March 2024 Accounting policies Basis of preparatlon The financial sratements have been prepared und¢r th¢ historical cost convention and in accordan¢e with the Statement of Recoinmended Practice 'Accounting and Reporting by Charities (SORP 2005}', issued in March 2005, applicable accounting sthndards and the Chariiies Act 2011. Fund aceounting policy Unrestt'icied income funds are general funds that are available for use at the trusiees, discretion in furtherance of the objectives of the charity. Further details of each nd are disclosed in note 14. Incoming resource5 Investment in¢ome is r¢cognised on a receivable ba515. The income is derived directly from the inv¢stn]¢nt5 h¢ld by the charity. Resources cxpcndcd Liabilities are recognis¢d a5 soon as th¢re is a l¢gal or ronstructiv¢ obligation committing the ¢harity lo the expenditure. All exp¢nditur¢ is accounted for on an a¢crnals bagis and ha5 be¢n classified under headings thar aggregate all c051s related to t]ie ¢at¢gory. Costs of generating funds are the costs a550¢iat¢d with attracting voluntory income. Charitable expenditure ¢ompri5¢S those eosts incurr¢d by the charity in the delivery of its activities and services for lis beneficiaries. It Èncludes both costs thai can b¢ allocated directly to such activities and those costs of an indirect nature ¢Sary to support them. Governance c05t5 Governanee costs include costs of Ilie preparataon and exarnination of the statutory accounts, the costs of Irusiee meetings and the cost of any legal advice to Irustees on governance or Constitutional tnatters. Fixed &55CtS Individual fjxed as5etS Costing £1 or more are initially recorded at cost. DeprcLiatio Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated residual value, over their expected uselLEI etonomic life as follows.. Fixtures and fittings IOfj/• reducing balance basis Freehold land aiid buildings no provision made Page 7
The Miners Convalescent Home (Blackpool) Note5 to the Financial Statements for the Year Ended 31 Mareh 2024 conlinued Investments Fixed a$5et investments are included at n)a¥ket value at the balance sheet date. Realised gain5 and losses on investments are calculated as ti)e difference between sales proceeds and their market vallle at the stsrt of the year, or thcir subsequent cost, and are charged or cr¢dited to the 5tateinent of the financial activitics the period of disposal. Unrealised gains and losses represent the moyement 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 ar the lower of c05t and net realisable value. after due regard for obsolete and slow moving siocks. Net realisable value is based on selling price less anticipated costs lo completion and selling costs. Item5 donated for r¢5ale or di5tribiition are Dot included in the financial statements until they are sold or distributed. PeN5ions The charity operates a defined contribution pension scheme. Contributions are charged in the siatement of financial activities as they becorne payable in a¢cordance with th¢ rules of the scheme. ActLVlties for generatlng funds Unrcstrietcd Total Funds Total Funds Funds 2024 2023 Convalesent home Provision of a¢commodation Bar sal¢s Other 175,143 51.240 175,143 51.240 169,959 51.839 1.762 223,560 226,383 226,383 Investment incorne Unrestricted Total Funds Tr unds 2024 Total Funds 2023 Income from listed investments 31,335 31.335 29,402 Page 8
The Miners Conva1¢5cent Home (Blackpool) Notes to the Financial Statements for the Year Ended 31 Mareh 2024 Total resuurL'es expended Donations and legacics Convaleseent homc GoYernan¢e Total Dlreet costs Food purchases Einployrnent cost5 Laundry Light, heat and power Rates Insurdnce Repairs and maintenancc Telephone and stationery Sundry and other costs Truslees expenses Eniertainment Independent examiner's fees Bank ¢h3rges Other finance charges Depreciation of tangible fixed assets 69,865 249,322 13,146 18,925 2,208 2,342 10.126 2.461 10,948 69,865 249,322 13,146 18,925 2,208 2,342 10.126 2.461 10,948 810 1,305 4.692 424 915 3.963 391,452 810 1,305 4,692 424 915 3,963 385,950 5,502 Trustees, remuTheration and expenses No trustees received any r¢mun¢ration during the yedr. Net outgoing resources Net outgoing resources is stated after charging.. 2024 2023 J)eprecsation of owned assets 3,963 1,563 Page 9
The Miners Convalescent Home (Blackpool) Notes to the Financial Statements for the Year Ended 31 March 2024 conliniied Employee5, remuneration The average nurnber of persons employed by ihe charity (including trnstees) during the year, analysed by category. was as follows: 2024 No. 2023 Charitable activities Governai)¢¢ 12 12 The aggregate payroll costs of these persons were as follows.. 2024 2023 Wage5 and salaries Social security oilJer pen510Ti Costs 233.343 13,044 2.935 249,322 210,554 10,035 4.547 925,136 Page 10
Thc Miner5 Convales¢¢nt Home (Blackpool) Notes to thc Financial Statements for the Year Ended 31 March 2024 coniinued Tangible fixed assets Freohold interest in land and buildings (including heritage assets) Fixtures, rittings and equipment Total Cost As at l April 2023 Additions A5 ai 31 March 2024 338,100 79,849 12,761 92,610 417,949 12,761 430.710 338,100 Depreciation As at l April 2023 Charg¢ for (l)e year A5 at 31 March 2024 52,977 3,963 56.940 52,977 3,963 56.940 Net book v8lu¢ As at 31 March 2024 A5 ai 31 Mar¢h ?023 338.100 338,100 35,670 26,872 373,770 364,972 Investments held as fiy¢d sssets Listed inYestm¢nt5 Market value As at l April 2023 Revaluation Disposals As at 31 March 2024 1,580.641 43.088 (148,666) 1,475,063 Net book value As ai 3 1 March 2024 A5 at 31 March 2023 1,475,063 1.580,641 All investment assets weTe held in th¢ UK. Page I I
The MiDers Convalescent Home (Blackpool) Notes to the Financial Statements for the Year Ended 31 March 2024 coniiniied 10 Debtors 2024 2023 Prepayments and accrued income 1,021 I I Credltors: Amount5 fall&ng due within one year 2024 2023 Amounts due io suppliers TatIOn and social s¢curity Accruals and deferred income 922 3.186 13.979 18.087 540 3,998 10,653 12 Pension seheme Defincd contrlbutlon pension scheme The charity operates a defjned ¢ontribuiion p¢nsion scheme. The pension cost charge for the period r¢pr¢sents contributlOllS payable by the charity to the scheme and amounted to £2,935 (2023 £4,547). Th¢r¢ were no outstanding or prepaid contributions ai either the beginning or end ofthe financial yeaT. Page 12
Th¢ Miners Convaleseent Home (Blaekpool) Notes to the Financial Statements for the Ycar Ended 31 March 2024 conliniied 13 Related parties Corttrolling entity The charity is controlled by the trustees. 14 Analysis of funds Other recognised gains110$5es At l April 2023 Incoming resources Re50urce5 expeuded At31 March 2024 General Funds Unrestricted income fund 1,968.164 257.718 (402,759) 43,088 1,866,211 IS Net assets by fund Unrestricted Funds Totsl Funds 2024 Total Funds 2023 Tangible a5seis Investment5 Curr¢ni assets Creditors.. Amounts Falling due within one year Net assets 37i.770 1,475,063 35,465 (18,087} 1,866,211 373,770 1,475.063 35,465 {18.087) 1,866,211 364,972 1,580,641 37,742 (15,191) 1.968,164 Page 13
The Miners Convalescent Home (Blaekpool) Statemcnt of financial activities by fund Ycar Ended 31 March 2024 Unrestricted Unrestrietcd Income fund ineomc fund 2024 2023 Incoming resourees Incoming resources from gen¢rat¢d fltnds Aciiviiies for generating funds Inwestment income Total incoming resources 226.383 31,335 257,718 223,560 29,402 252,962 Resources expended Costs of genei'ating funds Cosrs of generating voluniary income Charitablc activities Govemance ¢osts Total resources expended 397,257 5,502 402,759 371,646 7,668 379,314 Net outgoing resources before other recogniscd gain5 and losses Other reeognlsed gzinsllosses Gain(lo$Ses) on inv¢5tment assets (145,041) (126,352) 43,088 {160,091) Net movements in fundg (101.953) (286,443) Reconclliation of funds Total tunds brovryht fonvard Total funds catTied fotivard 1,968,164 1,866,211 2,254,607 1,968,164 This page does not form part of the 5tawtory financial statements. Page 14