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2023-12-31-accounts

Whitehaven Miners Social Welfare Centre Unaudited Annual Accounts For the year ended 31 December 2023

Whitehaven Miners Social Welfare Centre

Contents

For the year ended 31 December 2023

CONTENTS PAGE
Partnership Information 3
Partner's Approval Statement 4
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Accounts 8 ­ 10
Detailed Income Statement 11

Whitehaven Miners Social Welfare Centre Partnership Information For the year ended 31 December 2023

Trading/Business name Whitehaven Miners Social Welfare Centre
Partners B Birkett
J Moore
M Morton
S McNally
Registered office address Whitehaven Social Welfare Centre
Coach Road
Whitehaven
Cumbria
CA28 9DD
Accountant DNS Accountants T/A Torver Accounting Ltd
Chartered Management Accountants
73 Lowther Street, Whitehaven
Cumbria
CA28 7AH

Whitehaven Miners Social Welfare Centre Partner's Approval Statement For the year ended 31 December 2023

We approve the accounts which comprise the income statement, Statement of financial position and related notes. We acknowledge our responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing DNS Accountants T/A Torver Accounting Ltd with all the information and explanations necessary for its compilation.

B Birkett

Partner: Whitehaven Miners Social Welfare Centre

Date: 27 September 2024

Whitehaven Miners Social Welfare Centre Accountant's Report For the year ended 31 December 2023

Accountant's Report to the partners on the preparation of the unaudited statutory accounts of Whitehaven Miners Social Welfare Centre for the year ended 31 December 2023.

We have prepared for your approval the financial statements of Whitehaven Miners Social Welfare Centre for the year ended 31 December 2023.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.

You have determined that the partnership is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the partner for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

DNS Accountants T/A Torver Accounting Ltd Chartered Management Accountants 73 Lowther Street, Whitehaven Cumbria CA28 7AH

Date: 27 September 2024

Whitehaven Miners Social Welfare Centre

Income Statement

For the year ended 31 December 2023

Notes
Turnover
2
Cost of sales
3
Gross profit
Administrative expenses
Other operating income
Operating loss
Interest receivable and similar income
Loss for the financial year before partners' remuneration and loss
shares
Loss for the year available for discretionary division among partners		 2023
£
127,332
(64,590)
62,743
(94,895)
­
(32,152)
­
(32,152)
(32,152)		 2022
£
157,713
(83,697)
74,016
(106,454)
5,887
(26,551)
238
(26,313)
(26,313)

Whitehaven Miners Social Welfare Centre Statement of Financial Position

For the year ended 31 December 2023

Notes
Fixed assets
Property, plant and equipment
5
Current assets
Inventories
6
Debtors
7
Cash and cash equivalents
8
Current liabilities
Creditors: Amounts falling due within one year
9
Net current assets/(liabilities)
Total assets less current liabilities
Non­current liabilities
Creditors: Amounts falling due after more than one year
10
Net assets/(liabilities)
Represented by:
Capital and reserves:
­ Partners capital
11
­ Other reserves
11
Total partners interests
Amounts due from partners
11
Loans and other debts due to partners
Partner's other interests		 2023
£
59,865
59,865
4,800
­
55,793
60,593
(941)
(941)
59,652
119,517
­
119,517
177,982
(58,465)
119,517
­
­
119,517
119,517		 2022
£
60,130
60,130
4,800
4,470
84,006
93,276
(898)
(898)
92,378
152,508
(839)
151,669
177,982
(26,313)
151,669
­
­
151,669
151,669

Whitehaven Miners Social Welfare Centre Notes to the Accounts

For the year ended 31 December 2023

(1) Significant Accounting Policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of Preperation

The accounts have been prepared under the historical cost basis and on a basis which enables the profits to be calculated in accordance with United Kingdom Generally Accepted Accounting Practice. The presentation and functional currency is pounds sterling.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Sale of goods

Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.

Rendering of Services

Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Interest income

Interest income is recognised using the effective interest method.

Property, plant and equipment

Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class Depreciation rate

Inventories

Stocks are stated at the lower of cost and realisable value, after making due allowance for obsolete and slow moving items. Costs includes all costs incurred in the normal course of business in bringing the product or service to its present location and condition.

Employee benefits

Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(2) Turnover

All revenue in the current and prior period arises in the United Kingdom. The revenue from partnership's operations amounted to £127,332(2022: £ 157,713)

Sales 2023
£
127,332
127,332		 2022
£
157,713
157,713

Notes to the Accounts (Continued) For the year ended 31 December 2023

(3) Cost of sales

t of sales
Opening stock
Purchases
Less: Closing stock		 2023
£
4,800
64,590
69,390
(4,800)
64,590		 2022
£
2,736
85,761
88,497
(4,800)
83,697

(4) Employees

During the year, the average number of employees including partners was 0 (2022 : 0).

The above numbers are averages for the year and calculated on a full­time equivalent basis. The aggregate payroll costs of the above were:

Pension contributions
gible fixed assets
Cost
As at 01 January 2023
As at 31 December 2023
Depreciation
As at 01 January 2023
For the year
As at 31 December 2023
Net book value
As at 31 December 2023
As at 31 December 2022		 Land And
Buildings
£
58,364
58,364
­
­
­
58,364
58,364		 2023
£
­
­
Fixtures and
Fittings
£
29,601
29,601
27,835
265
28,100
1,501
1,766		 2022
£
151
151
Totals
£
87,965
87,965
27,835
265
28,100
59,865
60,130

(5) Tangible fixed assets

(6) Inventories

Stock of Finished Goods 2023
£
4,800
4,800		 2022
£
4,800
4,800

(7) Debtors

Amounts falling due within one year

2023 2022 £ £

Notes to the Accounts (Continued) For the year ended 31 December 2023

Prepayments and accrued income
(8) Cash and cash equivalents
Bank balance
Other cash equivalents
(9) Creditors: amounts falling due within one year
Accruals and deferred income
(10) Creditors: Amounts falling due after more than
Other creditors
(11) Partners Capital account
At 01 January 2023
Amounts due to partners
Partner's interest: Balance at 01 January
2023
Profit for the financial year available for
division among partners
Partner's interests after profit for the year
Amounts due to partners
Partner's interests at
31 December 2023		 one year
Partner's
capital
£
177,982
177,982
­
177,982
­
177,982		 Other
reserves
£
­
­
(58,465)
(58,465)
­
(58,465)		 Total
£
177,982		 ­
­
2023
£
55,143
650
55,793
2023
£
941
941
2023
£
­
­
Loans and
other debts
to partners
£
­
­
­
­
­
­		 4,470
4,470
2022
£
83,356
650
84,006
2022
£
898
898
2022
£
839
839
Total
£
177,982
177,982
(58,465)
119,517
­
119,517
177,982
(58,465)
119,517
­
119,517

Whitehaven Miners Social Welfare Centre Detailed Income Statement

For the year ended 31 December 2023

Turnover
Less : Cost of sales
Opening Stock
Purchases
Closing Stock
Gross Profit
Add : Other operating income
Sundry Income
Less : Administrative expenses
Rates
Light, Power and Heating
Cleaning
Repairs and Renewals
Employee Wages ­ Casual
Employer Pension Contributions
Accountancy, Bookkeeping and Auditing Fees
Legal and Professional Fees
Insurance
Telephone and Internet
Subscriptions
Charitable Donations
Bank Fees
Depreciation of Fixtures and Fittings
Add : Interest receivable and similar income
Bank Interest
Net loss for the year available for discretionary division among partners		 2023
£
127,332
4,800
64,590
(4,800)
64,590
62,743
­
­
9,737
17,074
715
16,989
37,427
­
1,746
1,303
4,470
3,041
1,425
500
204
265
94,895
­
­
(32,152)		 2022
£
157,713
2,736
85,761
(4,800)
83,697
74,016
5,887
5,887
6,280
5,271
1,617
44,206
31,793
151
1,601
600
2,940
9,395
981
1,003
304
312
106,454
238
238
(26,313)

WHITEHAVEN M!NERS SOCIAL WELFARE CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED

DECEMBER 2023

The trustees present their report along with the financial accounts of the charity for the year ended 31 December 2023

CONSTITUTION AND OBJECTS

The Social Welfare Centre was established by a Deed of Trust and Conveyance of 1948 in which 13 acres of freehold land was purchased by the Miners Welfare Association. The scheme became a registered charity in 1986 and its objects are stated as the provision of facilities for recreation including physical exercise and other leisure time activities with the objective of improving the conditions of life for the inhabitants of the beneficial area and in particular (but not exclusively) those from the mining community.

ORGANISATIONAL STRUCTURE

Nominations for trustees require the approval of the Coal Industry Welfare Organization who have assumed nomination rights following the privatization of the British Coal Corporation,

FINANCIAL AND OPERATIONAL REVIEW

The trustees report that financial outgoings have exceeded income for the 2[nd] year running due to significant increases in costs eg electricity/gas/water etc. Since covid times the Cumberland miners trust have not held any functions for pensioners. Shortfalls in finance have been covered by using savings accounts. The recreation house continues to be rented out resulting in an income to the welfare.

The west Cumberland pigeon federation, miners bowling club and haig angling club are also streams of finance.

The welfare has not been used by the NHS for the last 2 years resulting in lower income.

Youth development continues with 11 different football teams operating from the welfare.

Financial income significantly lower following covid times with less use of facilities.

RESERVES POLICY

It is the policy of the trustees to maintain sufficient unrestricted funds 10 cover its known running costs in the short term. Sufficient funds have been available during the 2023 year to meet all requirements.

RISK MANAGEMENT

The trustees have examined the major strategic, business and operationai risks which the charity faces.

Actions have been taken to mitigate risks and the trustees continue to monitor the position on a regular basis.

TRUSTEES RESPONSIBILITIES

The Charities act requires the trustees to ensure that financial statements are prepared for each financial year which give a true and fair view of the state of the affairs of the charity and the financial activities of the charity during the period. In the preparation of these financial statements the trustees are required to ensure that:

Suitable accounting policies are selected and applied consistently

Judgments and estimates are reasonable and prudent

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that financial statements comply with the charity act

They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the trustees Whitehaven Miners Social Welfare Scheme On accounts for the year ended 31 De￿mber 2023 Charity no (if any) 512317 Set out on pages emember to I.Tr￿￿de the oaae numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (￿he Trust.) for the year ended Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 (°the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5){b) of the Act. Independent trhe charity's gross income ex￿eded £250,000 and l am qualified to examiner's statsment undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] rf not applicable. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records", or the accounts did not comply with the applicable requirements con￿mIng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no cOn￿mS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: 271912024 Name: Trevor Morris Relevant professional qualification(s) or body (if any): ACMA IER Oct 2018

Address: DNS Accountants, 73 Lowther Street, Whitehaven, CA28 7AH Section B Disclosure Only complete if the examiner needs to highlight material matters of con￿rn (see CC32, Independent examination of charity accounts". directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018