BARLBOROUGH MINERS WELFARE RECREATION GROUND AND INSITUTE
FINANCIAL STATEMENTS
FOR 31 DECEMBER 2021
Charity Number 520411
Derby Community Accountancy Service
Babington Lodge 128 Green Lane Derby
BARLBOROUGH MINERS WELFARE RECREATION GROUND AND INSTITUTE
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
| Contents | Page |
|---|---|
| Members of the board and professional advisers | 1 |
| Trustees’ annual report | 2-3 |
| Independent Examiner’s report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7-13 |
BARLBOROUGH MINERS WELFARE RECREATION GROUND AND INSTITUTE
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
The board of trustees
G. Ward M. Davies
Registered office Barlborough Miners Welfare California Lane Derbyshire S43 4EZ
Independent Examiner
Mark Newey ACMA Derby Community Accountancy Service Babington Lodge 128 Green Lane DE1 1RY
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BARLBOROUGH MINERS WELFARE
RECREATION GROUND AND INSTITUTE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2021
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2021.
OBJECTIVES AND ACTIVITIES
The objectives of the charity are to support the residents of the local area in the activities of recreation and social well-being. The trustees of the Charity’s review objectives and activities annually and, in doing so, they have regard to the Charities Commission’s guidance on Public Benefit.
SUMMARY OF THE MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT IN RELATION TO THESE OBJECTS
In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustees meetings and ensure that this is the driving force behind our activities
ACHIEVEMENTS AND PERFORMANCE
The club managed to survive the pandemic. We made use of the support from government in terms of furlough and business support grants. The club will be prudent in the managed of these funds to ensure it's future.
FINANCIAL REVIEW
Reserves Policy
The reserves policy is to build up reserves to sustain our activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Barlborough Miners Welfare is based at California Lane, Barlborough, Derbyshire, which is the principal address of the charity (Registered Charity No. 520411).
Induction and training of trustees
A skills audit has been undertaken to discover those skills which are required by the trustee body. Efforts are made to recruit trustees who meet the skill requirement. The overall composition of the trustee body aims to be as representative of the community as is possible
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BARLBOROUGH MINERS WELFARE RECREATION GROUND AND INSTITUTE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2021
Risk management policy
The trustees examine the major risks that the charity faces each financial year when preparing and updating the strategic plan. The charity has developed systems to monitor and control these risks to mitigate any impact that they may have on the charity in the future.
Independent Examiner
Mark Newey of Derby Community Accountancy Service will continue in office as independent examiner for the ensuing year.
Registered office:
Signed on behalf of the trustees
Barlborough Miners Welfare Recreation Ground and Institute California Lane
Barlborough Derbyshire
G. Ward Trustee
Approved by the trustees on
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BARLBOROUGH MINERS WELFARE
RECREATION GROUND AND INSTITUTE
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
YEAR ENDED 31 DECEMBER 2021
Independent Examiner's Report to the Trustees of Barlborough Miners Welfare Recreation Ground and Institute.
I report on the accounts of the charity for the year ended 31 December 2021 which are set out on pages 5 to 13 .
Respective responsibilities of the trustees and examiner
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
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:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mark Newey ACMA Date Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DE1 1RY
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BARLBOROUGH MINERS WELFARE
RECREATION GROUND AND INSTITUTE
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2021
| Total Funds | Total Funds | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Year to 31 | Year to 31 | ||
| Funds | Funds | Dec 2021 | Dec 2020 | ||
| Note | £ |
£ | £ | £ | |
| Income from: | |||||
| Donations | 3 | 216 | - | 216 | 3,262 |
| Investment income | 5 | - | - | - | 9 |
| Grants receivable | 4 | 17,335 | 3,642 | 20,977 | 16,952 |
| Other income | 6 | 25,533 |
- |
25,533 |
25,951 |
| Total incoming resources | 43,084 |
3,642 |
46,726 |
46,174 |
|
| Expenditure on | |||||
| Raising funds | 990 | - | 990 | 1,473 | |
| Charitable activities | 35,003 |
3,642 |
38,645 |
33,018 |
|
| Total expenditure | 7 | 35,993 |
3,642 |
39,635 |
34,491 |
| Net (expenditure) income | 7,091 | - | 7,091 | 11,683 | |
| Transfer between funds | - |
- |
- |
- |
|
| Net movement in funds | 7,091 | - | 7,091 | 11,683 | |
| Funds brought forward | 255,028 |
- |
255,028 |
243,345 |
|
| Funds carried forward | 262,119 |
- |
262,119 |
255,028 |
The charity had no new or discontinued activities during the year
The notes on pages 7 to 13 form part of these financial statements.
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BARLBOROUGH MINERS WELFARE RECREATION GROUND AND INSTITUTE
BALANCE SHEET
31 DECEMBER 2021
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Stock Premium Bonds Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Net assets Funds Restricted Unrestricted – general reserves 14 TOTAL FUNDS |
2021 £ - 3,499 20 24,360 27,879 (959) |
£ 235,199 26,920 262,119 262,119 - 262,119 262,119 |
2020 £ - 2,488 20 17,389 19,897 (134) |
£ 235,265 19,763 255,028 255,028 - 255,028 255,028 |
||
|---|---|---|---|---|---|---|
G. Ward Trustee Registration Number: 520411
The notes on pages 7 to 13 form part of these financial statements.
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BARLBOROUGH MINERS WELFARE
RECREATION GROUND AND INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
Charity information
Barlborugh Miners Welfare Recreation Ground And Institute is a registered charity. The charity’s registered office is California Lane, Barlborough, S43 4EZ. At the end of the year there were 2 Trustees.
1.1 Accounting convention
These accounts have been prepared in accordance with FRS 102, “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it apples from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in Sterling which is the functional currency of the charity. Monetary amounts in these financial statements to the nearest £.
The accounts have been prepared on historical cost convention apart from freehold property that is carried at market value. The principal accounting policies adopted are set out below.
These are accounts for the year ended 31 December 2021 are prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January2015.
1.2 Going concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Charitable Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
1.4 Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial statements for services donated by volunteers.
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BARLBOROUGH MINERS WELFARE
RECREATION GROUND AND INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
1.5 Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in the support of the charitable activities.
1.6 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Cash and cash equivalents
- Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
1.9 Financial instruments
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Taxation
The charity is exempt from tax on income and gains falling with section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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BARLBOROUGH MINERS WELFARE
RECREATION GROUND AND INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a reducing balance basis as follows:-
Asset category Annual rate Equipment 25%
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
3. Voluntary Income
| Total Funds | Total Funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Year to 31 | Year to 31 | |
| Funds | Funds | Dec 2021 | Dec 2020 | |
| £ | £ | £ | £ | |
| Donations | 216 |
- |
216 |
3,262 |
| 216 |
- |
216 |
3,262 |
4. Grants
| Total Funds | Total Funds | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Year to 31 | Year to 31 | ||
| Funds | Funds | Dec 2021 | Dec 2020 | ||
| £ | £ | £ | £ | ||
| Bolsover District Council | 17,335 | - | 17,335 | 12,668 | |
| HM Revenue and Customs | - |
3,642 |
3,642 |
4,284 |
|
| 17,335 |
3,642 |
20,977 |
16,952 |
||
| Interest receivable | |||||
| Total Funds | Total Funds | ||||
| Unrestricted | Restricted | Year to 31 | Year to 31 | ||
| Funds | Funds | Dec 2021 | Dec 2020 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | - |
- |
- |
9 |
|
| - |
- |
- |
9 |
5. Interest receivable
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BARLBOROUGH MINERS WELFARE RECREATION GROUND AND INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
6. Other income
| Total Funds | Total Funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Year to 31 | Year to 31 | |
| Funds | Funds | Dec 2021 | Dec 2020 | |
| £ | £ | £ | £ | |
| Gaming machines and | ||||
| Lottery machine | 770 | - | 770 | 1,196 |
| Raffle, bingo, quiz | - | - | - | 187 |
| Bar income | 20,713 | - | 20,713 | 18,402 |
| Other | 4,050 |
- |
4,050 |
6,166 |
| 25,533 |
- |
25,533 |
25,951 |
7. Total resources expended
| Total resources expended | ||
|---|---|---|
| Staff costs Utilities costs Bar Costs Entertainment Printing, postage and stationer Cleaning materials Repairs and maintenance Insurance, licences and fees Telephone Depreciation Sundries Fundraising costs |
Total Funds Year to 31 Dec 2021 £ 18,016 4,314 9,468 1,451 219 158 815 2,873 988 66 277 990 39,635 |
Total Funds Year to 31 Dec 2020 £ 13,880 4,568 9,156 1,250 100 354 644 2,010 938 88 30 1,473 |
| 34,491 |
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BARLBOROUGH MINERS WELFARE
RECREATION GROUND AND INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
8. Key management personnel
During the year trustees did not receive remuneration
The key management personnel of the charity consist of the trustees
9. Employees
The aggregate payroll costs were:
| The aggregate payroll costs were: | |||
|---|---|---|---|
| Year to | 31 | Year to 31 | |
| Dec 2021 | Dec 2020 | ||
| £ | £ | ||
| Wages and salaries | 17,608 | 13,218 | |
| Employers National Insurance | - | - | |
| Pensions | 408 | 662 | |
| __-_ | |||
| 18,016 | 13,880 | ||
| +================================ |
No employee earned more than £60,000 per annum. No trustees were reimbursed for expenditure.
The average number of staff employed by the charity during the financial year amounted to:
| Direct Charitable Staff | Year to 31 Dec 2021 No 5 5 |
Year to 31 Dec 2020 No 4 |
|---|---|---|
| 4 |
10. Net (expenditure)/income
Net (expenditure)/income for the year is stated after charging/(crediting)
| Year to | Year to | |
|---|---|---|
| 31 Dec | 31 Dec | |
| 2021 | 2020 | |
| £ | £ | |
| Depreciation | 66 | 88 |
| Independent Examiner’s Fees | 670 | 630 |
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BARLBOROUGH MINERS WELFARE
RECREATION GROUND AND INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
11. Tangible fixed assets
| Freehold Property & Land Fixtures & Fittings £ £ Cost At 31 December 2020 235,000 6,524 Additions - - At 31 December 2021 235,000 6,524 Depreciation At 31 December 2020 - 6,259 Charge for the year - 66 At 31 December 2021 - 6,325 Net book value At 31 December 2021 235,000 199 At 31 December 2020 235,000 265 12. Debtors: 2021 £ Debtors - -------------------------------- - ================================ 13. Creditors: Amounts falling due within one year 2021 £ PAYE - VAT 126 Brewery 833 -------------------------------- 959 ================================ |
Total £ 241,524 - 241,524 6,259 66 6,325 235,199 235,265 2020 £ - -------------------------------- - ================================ 2020 £ - 134 - -------------------------------- 134 ================================ |
|---|---|
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RECREATION GROUND AND INSTITUTE
BARLBOROUGH MINERS WELFARE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
14. Statement of funds
General reserve Designated reserve Total unrestricted funds HM Revenue and Customs Total restricted funds Total funds |
At 1 Jan 2021 Incoming Outgoing Transfers £ £ £ £ 255,028 43,084 (35,993) - - - - - 255,028 43,084 (35,993) - - 3,642 (3,642) - _ __ __ ______ - - - - ------------------------------------------ --------------------------------------------- ------------------------------------ ----------------------------------- 255,028 46,726 (39,635) - ===================================== ===================================== ===================================== ---------------------------------- |
At 31Dec 2021 £ 262,119 - 262,119 - ______ - ------------------------------------- 262,119 ------------------------------------- |
|---|---|---|
RESTRICTED FUNDS
HM Revenue and Customs money was spent on supporting wage payments
15. Analysis of net assets
| Tangible fixed assets Other net assets Unrestricted funds £ £ General reserve 235,199 26,920 Restricted funds - - Total funds 235,199 26,920 |
Total £ 262,119 - 262,119 |
|---|---|
16. Related party transactions
The charity had no related party transactions that required disclosure.
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