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|||PAGE|
|---|---|---|
|Legal and Administrative|Details||
|Report ofthe Trustees||2-5|
|Independent<br>Examiners|Report||
|Statement<br>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<br>Hill Avenue||||||
|||||Kings<br>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||||||





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|||||~Unreetrtc ed|~Endewmen|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2023|2022|
|INCOME AND ENDOWMENTS|||Note||F|E||
|Investment<br>Income|||2|63,617||63,617|57,412|
|Bank/Stockbroker<br>Interest||||3,406||3,406|186|
|Total Income||||67,023||67,023|57,598|
|EXPENDITURE||||||||
|Charitable<br>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<br>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|





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||||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<br>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<br>Funds||||1,629,378|2,134,244|
|Endowment||||27,243|27,243|
|TOTAL FUNDS||||1 856,621|2 161,487|






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|2. INVESTMENT INCOME|2. INVESTMENT INCOME|2. INVESTMENT INCOME||||
|---|---|---|---|---|---|
|investment<br>income comprises<br>dividend<br>Investment<br>Ltd.|||income from the portfolio administered|by Investec Wealth 8||
||||2023|2022||
|3, GRANTS||||F||
|Grants Approved<br>- Paid|in Year|||||
|Existing and Transferred|MWS|||||
|Mining Related Groups|||12,836|3,600||
|Individuals||||||
|Grants Approved<br>- 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.|





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||||2023|2022|
|---|---|---|---|---|
|4.|GOVERNANCE COSTS||||
||Accounting<br>Fees||3,721|3,544|
||Investment<br>Management|Fees|19,173|19,470|
||Sundry<br>Expenditure||658|363|
||||23,552|23,377|
|5.|INVESTMENTS||||
||Market Value as at 1 October||1,979,957|2,223,661|
||Additions<br>at cost||323,688|413,318|
||Disposal proceeds||(799,162)|(401,689)|
||Net investment<br>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<br>-|Hall Refurb|5,130|6,750|
||Backworth<br>Miners Welfare|- Flat Refurb|2,082|8,302|
||||7,212|37,752|
|7.|DEBTORS||||
||Prepayments,<br>accrued income and other debtors||237|25|
|8.|CREDITORS||||
||Accruals||5,332|5,162|
||Grants approved||591,190|9,548|
||||596,522|14,710|





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|||||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<br>in year|||(504,866)||(504,866)|
||Balance carried|forward|at 30September 2023|1,629,378|27,243|1,656,621|



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|||Unrestricted|Endowment|||
|---|---|---|---|---|---|
|||Fund<br>F|Fundf|2023|2022<br>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<br>Deposits<br>Cash at bank||602,426<br>83,886||602,426<br>83,886|80,632<br>77,831|
|Current<br>Liabilities||||||
|Creditors||(596,522)||(596,522)|(14,710)|
|||1 628378|27243|1 656 621|2,161,487|