REGISTERED CHARITY NUMBER: 520478
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 December 2021
for
Marehay Miners Welfare Institute and
Recreation Ground
Pedley & Co. Chartered Certified Accountants 82 Nottingham Road Somercotes Alfreton Derbyshire DE55 4LY
Marehay Miners Welfare Institute and Recreation Ground
Contents of the Financial Statements For The Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
Marehay Miners Welfare Institute and Recreation Ground
Report of the Trustees For The Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
520478
Principal address
268 Derby Raod Marehay Ripley Derbyshire DE5 8JN
Trustees
I Kirkup Mrs V Walters Mrs K Fowler
Independent Examiner
Pedley & Co. Chartered Certified Accountants 82 Nottingham Road Somercotes Alfreton Derbyshire DE55 4LY
Approved by order of the board of trustees on 26 October 2022 and signed on its behalf by:
I Kirkup - Trustee
Page 1
Independent Examiner's Report to the Trustees of Marehay Miners Welfare Institute and Recreation Ground
Independent examiner's report to the trustees of Marehay Miners Welfare Institute and Recreation Ground
I report to the charity trustees on my examination of the accounts of Marehay Miners Welfare Institute and Recreation Ground (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
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 Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning 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 concerns 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.
Pedley & Co. Chartered Certified Accountants 82 Nottingham Road Somercotes Alfreton Derbyshire DE55 4LY
26 October 2022
Page 2
Marehay Miners Welfare Institute and Recreation Ground
Statement of Financial Activities For The Year Ended 31 December 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 52,513 Other trading activities 2 28,872 Investment income 3 10,077 Total 91,462 EXPENDITURE ON Raising funds 4 56,858 Other 1,669 Total 58,527 NET INCOME 32,935 RECONCILIATION OF FUNDS Total funds brought forward 82,933 TOTAL FUNDS CARRIED FORWARD 115,868 |
2020 Total funds £ 28,498 22,095 8,688 |
|---|---|
| 59,281 47,373 1,200 |
|
| 48,573 | |
| 10,708 72,225 |
|
| 82,933 |
The notes form part of these financial statements
Page 3
Marehay Miners Welfare Institute and Recreation Ground
Balance Sheet
31 December 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 67,090 CURRENT ASSETS Stocks 9 1,500 Debtors 10 266 Cash at bank and in hand 52,416 54,182 CREDITORS Amounts falling due within one year 11 (5,404) NET CURRENT ASSETS 48,778 TOTAL ASSETS LESS CURRENT LIABILITIES 115,868 NET ASSETS 115,868 FUNDS 13 Unrestricted funds 115,868 TOTAL FUNDS 115,868 |
2020 Total funds £ 64,645 2,000 409 17,008 19,417 (1,129) 18,288 82,933 82,933 82,933 82,933 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2022 and were signed on its behalf by:
I Kirkup - Trustee
The notes form part of these financial statements
Page 4
Marehay Miners Welfare Institute and Recreation Ground
Notes to the Financial Statements
For The Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost Fixtures and fittings - at varying rates on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 5
continued...
Marehay Miners Welfare Institute and Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
| 2. OTHER TRADING ACTIVITIES Sales Subscriptions Room hire Machine income Lotto income Snooker & pool 3. INVESTMENT INCOME Rents received 4. RAISING FUNDS Other trading activities Opening stock Purchases Closing stock Staff costs Licensing Rates and water rates Insurance Heat and light Repair and renewals Accounts and stocktaking Telephone Printing,post and stationery Cleaning Lotto expenses Sundry expenses Machine expenses Banking expenses Depreciation |
2021 £ 25,576 - 795 244 1,980 277 28,872 2021 £ 10,077 2021 £ 2,000 12,909 (1,500) 25,893 388 2,286 2,969 3,180 2,010 800 711 21 70 2,090 2,378 - 13 640 56,858 |
2020 £ 18,018 428 1,155 (48) 2,179 363 22,095 2020 £ 8,688 2020 £ 3,560 6,764 (2,000) 27,507 744 400 1,116 3,335 211 750 629 53 84 1,629 1,820 194 242 335 47,373 |
|---|---|---|
Page 6
continued...
Marehay Miners Welfare Institute and Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 2020 6 7 Unrestricted fund £ 28,498 22,095 8,688 59,281 47,373 1,200 48,573 10,708 72,225 82,933 |
2021 2020 6 7 Unrestricted fund £ 28,498 22,095 8,688 59,281 47,373 1,200 48,573 10,708 72,225 82,933 |
|---|---|---|
| 59,281 47,373 1,200 |
||
| 48,573 | ||
| 10,708 72,225 |
||
| 82,933 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 7
Marehay Miners Welfare Institute and Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
8. TANGIBLE FIXED ASSETS
| Improvements Freehold to Plant and property property machinery £ £ £ COST At 1 January 2021 32,332 9,277 1,218 Additions - - 3,085 At 31 December 2021 32,332 9,277 4,303 DEPRECIATION At 1 January 2021 - - 899 Charge for year - - 340 At 31 December 2021 - - 1,239 NET BOOK VALUE At 31 December 2021 32,332 9,277 3,064 At 31 December 2020 32,332 9,277 319 9. STOCKS Stocks 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR VAT Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
Fixtures and fittings £ 35,866 - 35,866 13,149 300 13,449 22,417 22,717 2021 £ 1,500 2021 £ - 266 266 2021 £ 3,810 1,619 (25) 5,404 |
Totals £ 78,693 3,085 81,778 14,048 640 14,688 67,090 64,645 2020 £ 2,000 2020 £ 244 165 409 2020 £ 1,500 54 (425) 1,129 |
|---|---|---|
continued...
Page 8
Marehay Miners Welfare Institute and Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
12. LOANS
An analysis of the maturity of loans is given below:
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Other loans | (25) | (425) | ||
| 13. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/1/21 | in funds | 31/12/21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 82,933 | 32,935 | 115,868 | |
| TOTAL FUNDS | 82,933 | 32,935 | 115,868 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 91,462 | (58,527) | 32,935 | |
| TOTAL FUNDS | 91,462 | (58,527) | 32,935 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1/1/20 | in funds | 31/12/20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 72,225 | 10,708 | 82,933 | |
| TOTAL FUNDS | 72,225 | 10,708 | 82,933 |
continued...
Page 9
Marehay Miners Welfare Institute and Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 59,281 | (48,573) | 10,708 |
| TOTAL FUNDS | 59,281 | (48,573) | 10,708 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/20 | in funds | 31/12/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 72,225 | 43,643 | 115,868 |
| TOTAL FUNDS | 72,225 | 43,643 | 115,868 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 150,743 | (107,100) | 43,643 |
| TOTAL FUNDS | 150,743 | (107,100) | 43,643 |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 10
Marehay Miners Welfare Institute and Recreation Ground
Detailed Statement of Financial Activities For The Year Ended 31 December 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 450 | 450 |
| Grants | 52,063 | 28,048 |
| 52,513 | 28,498 | |
| Other trading activities | ||
| Sales | 25,576 | 18,018 |
| Subscriptions | - | 428 |
| Room hire | 795 | 1,155 |
| Machine income | 244 | (48) |
| Lotto income | 1,980 | 2,179 |
| Snooker & pool | 277 | 363 |
| 28,872 | 22,095 | |
| Investment income | ||
| Rents received | 10,077 | 8,688 |
| Total incoming resources | 91,462 | 59,281 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 2,000 | 3,560 |
| Purchases | 12,909 | 6,764 |
| Wages | 25,285 | 27,468 |
| Pensions | 608 | 39 |
| Licensing | 388 | 744 |
| Rates and water rates | 2,286 | 400 |
| Insurance | 2,969 | 1,116 |
| Heat and light | 3,180 | 3,335 |
| Repair and renewals | 2,010 | 211 |
| Accounts and stocktaking | 800 | 750 |
| Telephone | 711 | 629 |
| Printing,post and stationery | 21 | 53 |
| Cleaning | 70 | 84 |
| Lotto expenses | 2,090 | 1,629 |
| Sundry expenses | 2,378 | 1,820 |
| Machine expenses | - | 194 |
| Banking expenses | 13 | 242 |
| Depreciation of tangible fixed assets | 640 | 335 |
| Closing stock | (1,500) | (2,000) |
| 56,858 | 47,373 | |
| Other | ||
| Hire of plant and machinery | 1,669 | 1,200 |
This page does not form part of the statutory financial statements
Page 11
Marehay Miners Welfare Institute and Recreation Ground
| Total resources expended Net income |
Detailed Statement of Financial Activities For The Year Ended 31 December 2021 2021 2020 £ £ 58,527 48,573 32,935 10,708 |
Detailed Statement of Financial Activities For The Year Ended 31 December 2021 2021 2020 £ £ 58,527 48,573 32,935 10,708 |
|---|---|---|
| 48,573 | ||
| 10,708 |
This page does not form part of the statutory financial statements
Page 12