.
REGISTERED CHARITY NUMBER: 520478
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 December 2023
for
Marehay Miners Welfare Institute and Recreation Ground
Pedley & Co. Chartered Certified Accountants 82 Nottingham Road Somercotes Alfreton Derbyshire DES55 4LY
;
eee
Marehay Miners Welfare Institute and Recreation Ground
Contents of the Financial Statements For The Year Ended 31 December 2023
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|Page|
|Report of the Trustees|]|
|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|
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Marehay Miners Welfare Institute and Recreation Ground
Report of the Trustees For The Year Ended 31 December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 DES 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][OM][......-ssssscsssereeretersnsesnsssttees][and][signed][ on][its][behalf][by:]
I Kirkup - Trustee
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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 2023.
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’).
L 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 2. the accounts do not accord with those records; or
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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.
J Watson FCCA
Pedley & Co.
Chartered Certified Accountants 82 Nottingham Road Somercotes Alfreton Derbyshire DES55 4LY
Dates ee ccccssnesseseeee
Page 2
Marehay Miners Welfare Institute and Recreation Ground
Statement of Financial Activities For The Year Ended 31 December 2023
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|---|---|---|---|---|---|
|2023|2022|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME|AND ENDOWMENTS FROM|
|Donations|and|legacies|367|3,667|
|Other trading|activities|2|104,789|71,697|
|Investment|income|3|12,390|11,910|
|Total|117,546|87,274|
|EXPENDITURE|ON|
|Raising funds|4|119,639|107,215|
|Other|790|685|
|Total|120,429|107,900|
|NET INCOME/(EXPENDITURE)|(2,883|)|(20,626|[)]|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|95,242|115,868|
|TOTAL FUNDS CARRIED FORWARD|92,359|95,242|
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The notes form part of these financial statements
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Marehay Miners Welfare Institute and Recreation Ground
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|---|---|---|---|
|Balance|Sheet|
|31|December|2023|
|2023|2022|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible assets|8|68,727|68,066|
|CURRENT|ASSETS|
|Stocks|9|1,500|1,500|
|Debtors|10|433|414|
|Cash|at bank and in hand|23,591|27,387|
|25,524|29,301|
|CREDITORSAmounts falling due within one year|11|(1,892)|(2,125)|
|NET CURRENT ASSETS|23,632|27,176|
|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|92,359|95,242|
|NET ASSETS|92,359|95,242|
|FUNDS|13|
|Unrestricted funds|92,359|95,242|
|TOTAL FUNDS|92,359|95,242|
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The financial statements were approved by the Board of Trustees and authorised for issue on oo ccosstesisstsiisiuisneeee, 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 2023
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
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.
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continued...
Marehay Miners Welfare Institute and Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
| 2. | OTHERTRADINGACTIVITIES | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Sales Subscriptions Room hire |
74,043 47] 21,571 |
53,956 413 9,870 |
|
| Machine income | 3,361 | 788 | |
| Lotto income | 4,533 | 6,051 | |
| Snooker& pool | 810 | 619 | |
| 104,789 | 71,697 | ||
| 3. | INVESTMENTINCOME | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Rents received | 12,390 | 11,910 | |
| 4, | RAISING FUNDS | ||
| Other trading activities | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Opening stock | 1,500 | 1,500 | |
| Purchases | 41,580 | 28.774 | |
| Closing stock | (1,500) | (1.500) | |
| Staffcosts | 50,316 | 47,118 | |
| Licensing | 843 | 759 | |
| Rates and water rates | 3,787 | 5,750 | |
| Insurance | 1,769 | 1,681 | |
| Heat and light | 9,896 | 5,905 | |
| Repairandrenewals | 3,149 | 7,718 | |
| Accounts and stocktaking | 850 | 820 | |
| Telephone | 766 | 781 | |
| Printing,post and stationery | 35 | 38 | |
| Cleaning | 79 | 194 | |
| Lotto expenses | 3,623 | 4,343 | |
| Sundry expenses | 1,418 | 1,818 | |
| Banking expenses | 12 | 18 | |
| Entertainment | 627 | 710 | |
| Depreciation | 889 | 782 | |
| 119,639 | 107,215 |
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Marehay Miners Welfare Institute and
Recreation Ground
Notes to the Financial Statements - continued
For The Year Ended 31 December 2023
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5. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees' expenses
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There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended
31 December 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
Staff 20235 20226
No employees received emoluments in excess of £60,000.
1 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,667
Other trading activities 71,697
Investment income 11,910
Total 87,274
EXPENDITURE ON
Raising funds 107,215
Other 685
Total 107,900
NET INCOME/(EXPENDITURE) (20,626 )
RECONCILIATION OF FUNDS
Total funds brought forward 115,868
TOTAL FUNDS CARRIED FORWARD 95,242
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- TANGIBLE FIXED ASSETS
Marehay Miners Welfare Institute and
Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
| Improvements | Improvements | Fixtures | ||||||
|---|---|---|---|---|---|---|---|---|
| Freehold | to | Plant and | and | |||||
| property | property | machinery | fittings | Totals | ||||
| £ | £ | £ | £ | £ | ||||
| COST | ||||||||
| At 1 January 2023 | 32,332 | 9,277 | 6,061 | 35,866 | 83,536 | |||
| Additions | - | - | 1,550 | - | 1,550 | |||
| At 31 December 2023 | 32,332 | 9,277 | 7,611 | 35,866 | 85,086 | |||
| DEPRECIATION | ||||||||
| At 1 January 2023 | - | - | 1,721 | 13,749 | 15,470 | |||
| Charge foryear | - | - | 589 | 300 | 889 | |||
| At 31 December 2023 | - | - | 2,310 | 14,049 | 16,359 | |||
| NETBOOKVALUE | ||||||||
| At 31 December2023 | 32,332 | 9,277 | 5,301 | 21,817 | 68,727 | |||
| At 31 December 2022 | 32,332 | 9,277 | 4,340 | 22,117 | 68,066 | |||
| 9, | STOCKS | |||||||
| 2023 | 2022 | |||||||
| £ | £ | |||||||
| Stocks | 1,500 | 1,500 | ||||||
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||||
| 2023 | 2022 | |||||||
| £ | £ | |||||||
| Prepayments | 433 | 414 | ||||||
| 11. | CREDITORS: AMOUNTS | FALLING | DUEWITHIN | WITHIN ONEYEAR | ||||
| 2023 | 2022 | |||||||
| £ | £ | |||||||
| Trade creditors | 851 | 1,463 | ||||||
| Taxation and social security | 1,066 | 687 | ||||||
| Other creditors | (25) | (25) | ||||||
| 1,892 | 2,125 |
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continued...
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
Marehay Miners Welfare Institute and
Recreation Ground
12. LOANS
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|---|---|---|---|---|---|---|---|---|---|
|An|analysis|of the|maturity|of loans|is|given|below:|
|2023|2022|
|£|£|
|Amounts|falling|due within|one|year on|demand:|
|Other|loans|(25)|(25)|
|13.|MOVEMENT|IN FUNDS|
|Net|
|movement|At|
|At|1/1/23|in|funds|31/12/23|
|£|£|£|
|Unrestricted|funds|
|General|fund|95,242|(2,883)|92,359|
|TOTAL FUNDS|95,242|(2,883|)|92,359|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|117,546|(120,429)|(2,883)|
|TOTAL FUNDS|117.546|(120,429|)|(2,883)|
|Comparatives|for movement|in|funds|
|Net|
|movement|At|
|At|1/1/22|in|funds|31/12/22|
|£|£|£|
|Unrestricted|funds|
|General|fund|115,868|(20,626|)|95,242|
|TOTAL FUNDS|115,868|(20,626|)|95,242|
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Marehay Miners Welfare Institute and Recreation Ground
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
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 | 87,274 | (107,900) | (20,626) |
| TOTAL FUNDS | 87,274 | (107,900) | (20,626) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/22 | in funds | 31/12/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 115,868 | (23,509) | 92,359 |
| TOTALFUNDS | 115,868 | (23,509) | 92,359 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
14,
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 204,820 | (228,329) | (23,509) |
| TOTAL FUNDS | 204,820 | (228,329) | (23,509) |
| RELATEDPARTYDISCLOSURES |
There were no related party transactions for the year ended 31 December 2023.
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|---|---|---|---|---|---|---|---|---|
|Marehay Miners Welfare|Institute and|
|Recreation|Ground|
|Detailed|Statement|of Financial|Activities|
|For|The|Year|Ended|31|December|2023|2023|2022|
|£|£|
|INCOME|AND ENDOWMENTS|
|Donations|and|legacies|
|Donations|367|-|
|Grants|-|3,667|
|367|3,667|
|Other|trading|activities|.|
|Sales|74,043|53,956|
|Subscriptions|471|413|
|Room|hire|21,571|9,870|
|Machine|income|3,361|788|
|Lotto|income|4,533|6,051|
|Snooker & pool|810|619|
|104,789|71,697|
|Investment|income|
|Rents|received|12,390|11,910|
|Total|incoming|resources|117,546|87,274|
|EXPENDITURE|
|Other|trading|activities|
|Opening|stock|1,500|1,500|
|Purchases|41,580|28,774|
|Wages|48,788|45,825|
|Pensions|1,528|1,293|
|Licensing|843|759|
|Rates|and water rates|3,787|5,756|
|Insurance|1,769|1,681|
|Heat and|light|9,896|5,905|
|Repair and renewals|3,149|7,718|
|Accounts|and|stocktaking|850|820|
|Telephone|766|781|
|Printing,post|and|stationery|35|38|
|Cleaning|79|194|
|Lotto expenses|3,623|4,343|
|Sundry expenses|1,418|1,818|
|Banking expenses|12|18|
|Entertainment|627|710|
|Depreciation|of|tangible|fixed|assets|889|782|
|Closing|stock|(1,500)|(1,500)|
|119,639|107,215|
|Other|
|Hire of plant|and machinery|790|685|
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This page does not form part of the statutory financial statements
Page 11
Marehay Miners Welfare Institute and Recreation Ground
Detailed Statement of Financial Activities For The Year Ended 31 December 2023
Total resources expended Net expenditure
| 2023 | 2022 |
|---|---|
| £ | £ |
| 120,429 | 107,900 |
| (2,883) | (20,626) |
This page does not form part of the statutory financial statements
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