**BARLBOROUGH MINERS WELFARE RECREATION GROUND AND INSITUTE**
## **FINANCIAL STATEMENTS**
**FOR 31 DECEMBER 2022**
**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 2022**
|**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 Barlborough Derbyshire S43 4EZ
**Independent Examiner**
Mark Newey ACMA Derby Community Accountancy Service Babington Lodge 128 Green Lane DE1 1RY
**- 1 -**
## **BARLBOROUGH MINERS WELFARE**
## **RECREATION GROUND AND INSTITUTE**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2022.
## **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 has started to return to pre pandemic levels of trade. This has meant we have been able to sustain adequate reserves. It also puts us in a good position to weather the price increases from our suppliers namely gas and electricity. The band on a Thursday night has proved a great success and helped us to attract new customers and an increased membership base. In the year ahead we aim to maintain adequate reserves but plan to invest surplus back into the building to improve our offer to members.
## **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
**- 2 -**
## **BARLBOROUGH MINERS WELFARE**
## **RECREATION GROUND AND INSTITUTE**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
## **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 acted as independent examine for the year ended December 31[st] 2022.
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
**- 3 -**
**BARLBOROUGH MINERS WELFARE**
**RECREATION GROUND AND INSTITUTE**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2022**
**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 2022 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
**- 4 -**
**BARLBOROUGH MINERS WELFARE**
**RECREATION GROUND AND INSTITUTE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31 DECEMBER 2022**
|||||**Total Funds**|Total Funds|
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Year to 31**|Year to 31|
|||**Funds**|**Funds**|**Dec 2022**|Dec 2021|
||**Note**|
**£**|**£**|£|£|
|**Income from:**||||||
|Donations|**3**|**4,726**|**-**|**4,726**|216|
|Investment income|**5**|**9**|**-**|**9**|-|
|Grants receivable|**4**|**2,667**|**-**|**2,667**|20,977|
|Other income|**6**|**68,902**
|**-**
|**68,902**
|25,533
|
|**Total incoming resources**||**76,304**
|**-**
|**76,304**
|46,726
|
|**Expenditure on**||||||
|Raising funds||**2,840**|**-**|**2,840**|990|
|Charitable activities||**72,332**
|**-**
|**72,332**
|38,645
|
|Total expenditure|**7**|**75,172**
|**-**
|**75,172**
|39,635
|
|**Net (expenditure) income**||**1,132**|**-**|**1,132**|7,091|
|Transfer between funds||**-**
|**-**
|**-**
|-
|
|**Net movement in funds**||**1,132**|**-**|**1,132**|7,091|
|Funds brought forward||**262,119**
|**-**
|**262,119**
|255,028
|
|**Funds carried forward**||**263,251**
|**-**
|**263,251**
|262,119
|
The charity had no new or discontinued activities during the year
**The notes on pages 7 to 13 form part of these financial statements.**
**- 5 -**
**BARLBOROUGH MINERS WELFARE RECREATION GROUND AND INSTITUTE**
## **BALANCE SHEET**
## **31 DECEMBER 2022**
|**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**|**2022**
**£**
**-**
**4,070**
**20**
**27,285**
**31,375**
**(3,273)**
||**£**
**235,149**
**28,102**
**263,251**
**263,251**
**-**
**263,251**
**263,251**
|**2021**
**£**
-
3,499
20
24,360
27,879
(959)
||**£**
235,199
26,920
262,119
262,119
-
262,119
262,119
|
|---|---|---|---|---|---|---|
||||||||
G. Ward Trustee Registration Number: 520411
**The notes on pages 7 to 13 form part of these financial statements.**
**- 6 -**
**BARLBOROUGH MINERS WELFARE**
**RECREATION GROUND AND INSTITUTE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **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 2022 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.
**- 7 -**
**BARLBOROUGH MINERS WELFARE**
**RECREATION GROUND AND INSTITUTE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **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.
**- 8 -**
**BARLBOROUGH MINERS WELFARE**
**RECREATION GROUND AND INSTITUTE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
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 2022**|Dec 2021|
||**£**||**£**||**£**|£|
|Donations|**4,726**
|||**-**
|**4,726**
|216
|
||**4,726**
|||**-**
|**4,726**
|216
|
|**Grants**|||||||
||||||**Total Funds**|Total Funds|
||**Unrestricted**||**Restricted**||**Year to 31**|Year to 31|
||**Funds**||**Funds**||**Dec 2022**|Dec 2021|
||**£**||**£**||**£**|£|
|Bolsover District Council|**2,667**|||**-**|**2,667**|17,335|
|HM Revenue and Customs||**-**
||**-**
|**-**
|3,642
|
||**2,667**
|||**-**
|**2,667**
|20,977
|
|**Interest receivable**|||||||
||||||**Total Funds**|Total Funds|
||**Unrestricted**||**Restricted**||**Year to 31**|Year to 31|
||**Funds**||**Funds**||**Dec 2022**|Dec 2021|
||**£**||**£**||**£**|£|
|Bank interest receivable||**9**
||**-**
|**9**
|-
|
|||**9**
||**-**
|**9**
|-
|
## **4. Grants**
## **5. Interest receivable**
**- 9 -**
**BARLBOROUGH MINERS WELFARE RECREATION GROUND AND INSTITUTE**
## **NOTES TO THE FINANCIAL STATEMENTS**
**YEAR ENDED 31 DECEMBER 2022**
## **6. Other income**
||||**Total Funds**|Total Funds|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Year to 31**|Year to 31|
||**Funds**|**Funds**|**Dec 2022**|Dec 2021|
||**£**|**£**|**£**|£|
|Gaming machines and|||||
|Lottery machine|**2,121**|**-**|**2,121**|770|
|Raffle, bingo, quiz|**1,923**|**-**|**1,923**|-|
|Bar income|**58,235**|**-**|**58,235**|20,713|
|Rent|**4,500**|**-**|**4,500**|3,495|
|Other|**2,123**
|**-**
|**2,123**
|555
|
||**68,902**
|**-**
|**68,902**
|25,533
|
## **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 2022**
**£**
**23,870**
**4,990**
**25,249**
**12,010**
**108**
**400**
**1,800**
**2,676**
**908**
**50**
**271**
**2,840**
**75,172**
|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
|
**- 10 -**
**BARLBOROUGH MINERS WELFARE**
**RECREATION GROUND AND INSTITUTE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **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:**
||**Year to**|**31**|Year to 31|
|---|---|---|---|
||**Dec 2022**||Dec 2021|
||**£**||£|
|Wages and salaries|**23,239**||17,608|
|Employers National Insurance||**-**|-|
|Pensions||**631**|408|
||||______________-_|
||**23,870**||18,016|
||||+================================|
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**
**2022**
**No**
**5**
**5**|**Year to**
**31 Dec**
**2021**
**No**
**5**|
|---|---|---|
|||**5**|
## **10. Net (expenditure)/income**
Net (expenditure)/income for the year is stated after charging/(crediting)
||**Year to**|Year to|
|---|---|---|
||**31 Dec**|31 Dec|
||**2022**|2021|
||**£**|**£**|
|Depreciation|**50**|66|
|Independent Examiner’s Fees|**670**|670|
**- 11 -**
**BARLBOROUGH MINERS WELFARE**
**RECREATION GROUND AND INSTITUTE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **11. Tangible fixed assets**
|**Freehold**
**Property &**
**Land**
**Fixtures &**
**Fittings**
**£**
**£**
**Cost**
At 31 December 2021
**235,000**
**6,524**
Additions
**-**
**-**
**At 31 December 2022**
**235,000**
**6,524**
**Depreciation**
At 31 December 2021
**-**
**6,325**
Charge for the year
**-**
**50**
**At 31 December 2022**
**-**
**6,375**
**Net book value**
**At 31 December 2022**
**235,000**
**149**
At 31 December 2021
235,000
199
**12. Debtors:**
**2022**
**£**
Debtors
**-**
--------------------------------
**-**
================================
**13. Creditors:** **Amounts falling due within one year**
**2022**
**£**
PAYE
**165**
VAT
**2,279**
Brewery
**829**
--------------------------------
**3,273**
================================|**Total**
**£**
**241,524**
**-**
**241,524**
**6,325**
**50**
**6,375**
**235,149**
235,199
2021
£
-
--------------------------------
-
================================
2021
£
-
126
833
--------------------------------
959
================================|
|---|---|
**- 12 -**
**RECREATION GROUND AND INSTITUTE**
## **BARLBOROUGH MINERS WELFARE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **14. Statement of funds**
|
**General reserve**
**Designated reserve**
**Total unrestricted funds**
Restricted Funds
**Total restricted funds**
**Total funds**|**At**
**1 Jan**
**2022 Incoming**
**Outgoing**
**Transfers**
**£**
**£**
**£**
**£**
**262,119**
**76,304**
**(75,172)**
**-**
**-**
**-**
**-**
**-**
**262,119**
**76,304**
**(75,172)**
**-**
**-**
**-**
**-**
**-**
**_______**
**________**
**________**
**______**
**-**
**-**
**-**
**-**
------------------------------------------
---------------------------------------------
------------------------------------
-----------------------------------
**262,119**
**76,304**
**(75,172)**
**-**
=====================================
=====================================
=====================================
----------------------------------|**At 31Dec**
**2022**
**£**
**263,251**
**-**
**263,251**
**-**
**______**
**-**
-------------------------------------
**263,251**
-------------------------------------|
|---|---|---|
## **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
**235,149**
**28,102**
**Restricted funds**
**-**
**-**
**Total funds**
**235,149**
**28,102**
|**Total**
**£**
**263,251**
**-**
**263,251**
|
|---|---|
## **16. Related party transactions**
The charity had no related party transactions that required disclosure.
**- 13 -**