| PAGE | ||
|---|---|---|
| Legal and Administrative | Details | |
| Report ofthe Trustees | 2-5 | |
| Independent Examiners |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements | 9-11 |
| NORTH | EAST AREA MINE | EAST AREA MINE | S' SOCIAL | S' SOCIAL | WELFARE T UST FUND | WELFARE T UST FUND | |||
|---|---|---|---|---|---|---|---|---|---|
| LEGAL AND ADMINISTRATIVE | DETAILS | ||||||||
| Charity | Number | 504178 | |||||||
| Governing | Instrument | Trust Deed dated | 20 June 1977and supplemental | ||||||
| Trust Deed dated | 16December | 1999and new scheme | |||||||
| dated 16June 2009 | |||||||||
| Trustees | G Huitson | ||||||||
| I I avery | |||||||||
| D Anderson | |||||||||
| J Dunn | |||||||||
| S Musgrove | |||||||||
| Secretary | R O'Toole | ||||||||
| CISWO | |||||||||
| The Old Rectory | |||||||||
| Rectory Drive | |||||||||
| Whiston | |||||||||
| Rotherham | |||||||||
| S604JG | |||||||||
| Solicitor | Mitchell Dodd | 8 | Co | ||||||
| 1A Elmfield Road | |||||||||
| GOSFORTH | |||||||||
| NE3 4DD | |||||||||
| Bankers | CAF Bank Ltd | ||||||||
| 25 Kings Hill Avenue |
|||||||||
| Kings Hill |
|||||||||
| West Mailing | |||||||||
| KENT | |||||||||
| ME194QJ | |||||||||
| independent | Examiner | J Wallage FCA | |||||||
| CISWO (Trading) | Limited | ||||||||
| The Old Rectory | |||||||||
| Rectory Drive | |||||||||
| Whiston | |||||||||
| Rotherham | |||||||||
| S604JG | |||||||||
| Investment | Advisors | NPR Marsh/A | Jones | ||||||
| Investec Wealth | 8 | investment | Limited | ||||||
| 100Old Hall Street | |||||||||
| Liverpool | |||||||||
| L3 9AB |
| ~Unreetrtc ed | ~Endewmen | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||||
| INCOME AND ENDOWMENTS | Note | F | E | ||||
| Investment Income |
2 | 63,617 | 63,617 | 57,412 | |||
| Bank/Stockbroker Interest |
3,406 | 3,406 | 186 | ||||
| Total Income | 67,023 | 67,023 | 57,598 | ||||
| EXPENDITURE | |||||||
| Charitable Expenditure: |
|||||||
| Grants Payable | 3 | 603,236 | 603,236 | 12,288 | |||
| Governance Costs: | 4 | 23,552 | 23,552 | 23,377 | |||
| Total Expenditure | 626,788 | 626,788 | 35,665 | ||||
| Net {Expenditure) Before Investments | (559,765) | (559,765) | 21,933 | ||||
| Net gains on investments | 5 | 54,899 | 54,899 | (255,333) | |||
| Net Movement In Funds |
(504,866) | (504,866) | (233,400) | ||||
| Total Funds Brought Forward | at 1 October 2022 | 2,134,244 | 27,243 | 2,161,487 | 2,394,887 | ||
| Total Funds Carried Forward | at 30September | 2023 | 1,629,378 | 27,243 | 1,656,621 | 2,161,487 |
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| FIXEDASSETS | |||||
| Investments | 1,559,382 | 1,979,957 | |||
| CURRENT ASSETS | |||||
| Interest Free Loans | Outstanding | 7,212 | 37,752 | ||
| Debtors | 237 | 25 | |||
| Investment Short-Term |
Deposits | 602,426 | 80,632 | ||
| Cash at bank and in hand | 83,886 | 7?,831 | |||
| 693,761 | 196,240 | ||||
| LESS:CURRENT LIABILITIES | |||||
| Creditors: amounts | failing due within one year | 8 | (596,522) | (14,710) | |
| Net Current Assets | 97,239 | 181,530 | |||
| TOTAL NET ASSETS | 1 656,621 | 2 161,487 | |||
| FUNDS | |||||
| Unrestricted Funds |
1,629,378 | 2,134,244 | |||
| Endowment | 27,243 | 27,243 | |||
| TOTAL FUNDS | 1 856,621 | 2 161,487 |
| 2. INVESTMENT INCOME | 2. INVESTMENT INCOME | 2. INVESTMENT INCOME | |||
|---|---|---|---|---|---|
| investment income comprises dividend Investment Ltd. |
income from the portfolio administered | by Investec Wealth 8 | |||
| 2023 | 2022 | ||||
| 3, GRANTS | F | ||||
| Grants Approved - Paid |
in Year | ||||
| Existing and Transferred | MWS | ||||
| Mining Related Groups | 12,836 | 3,600 | |||
| Individuals | |||||
| Grants Approved - Paid |
after Year End | ||||
| Existing and Transferred | MWS | 6,926 | |||
| Mining Related Groups | 590,400 | 1,762 | |||
| Individuals | |||||
| TOTAL GRANTS | 603,236 | 12,288 | |||
| A grant to Redhill CIO was | agreed | in August 2023. The amount off590,400 | was paid | in September 2023. |
| 2023 | 2022 | |||
|---|---|---|---|---|
| 4. | GOVERNANCE COSTS | |||
| Accounting Fees |
3,721 | 3,544 | ||
| Investment Management |
Fees | 19,173 | 19,470 | |
| Sundry Expenditure |
658 | 363 | ||
| 23,552 | 23,377 | |||
| 5. | INVESTMENTS | |||
| Market Value as at 1 October | 1,979,957 | 2,223,661 | ||
| Additions at cost |
323,688 | 413,318 | ||
| Disposal proceeds | (799,162) | (401,689) | ||
| Net investment gainl(loss) |
54,899 | (255,333) | ||
| Market value as at 30September | 1,559,382 | 1,979,957 | ||
| Cost as at 30September | 1,506,239 | 1,880,153 | ||
| 6. | INTEREST FREE LOANS | |||
| Dawdon SWC - Refurbishment | 22,700 | |||
| Stakeford 8 Bomarsund - |
Hall Refurb | 5,130 | 6,750 | |
| Backworth Miners Welfare |
- Flat Refurb | 2,082 | 8,302 | |
| 7,212 | 37,752 | |||
| 7. | DEBTORS | |||
| Prepayments, accrued income and other debtors |
237 | 25 | ||
| 8. | CREDITORS | |||
| Accruals | 5,332 | 5,162 | ||
| Grants approved | 591,190 | 9,548 | ||
| 596,522 | 14,710 |
| Unrestricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|
| 9. | NET MOVEMENT INF | NDS | Fund | Fund | Funds | |
| F | ||||||
| Balance brought | forward | at 1 October 2022 | 2,134,244 | 27,243 | 2,161,487 | |
| Movement in year |
(504,866) | (504,866) | ||||
| Balance carried | forward | at 30September 2023 | 1,629,378 | 27,243 | 1,656,621 |
| Unrestricted | Endowment | ||||
|---|---|---|---|---|---|
| Fund F |
Fundf | 2023 | 2022 F |
||
| Fixed Assets | |||||
| Investments | 1,532,139 | 27,243 | 1,559,382 | 1,979,957 | |
| Interest Free Loans Outstanding | 7,212 | 7,212 | 37,752 | ||
| Current assets | |||||
| Debtors | 237 | 237 | 25 | ||
| Short-Term Deposits Cash at bank |
602,426 83,886 |
602,426 83,886 |
80,632 77,831 |
||
| Current Liabilities |
|||||
| Creditors | (596,522) | (596,522) | (14,710) | ||
| 1 628378 | 27243 | 1 656 621 | 2,161,487 |