**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| - 2 - ## **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| - 3 - ## **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 - 4 - ## **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 - 5 - ## **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)**| - 6 - ## **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**| - 7 - ## **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**| - 8 - **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 £ £** - 9 - ## **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**|||| |||||||| - 10 - ## **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)**| - 11 - ## 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 - Applicable accounting standards and statements of recommended practice have been followed and any departures disclosed and explained in the financial statements. - Preparation of the financial statements is the ongoing concern unless it is presumed that the charity will discontinue its being. 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