Mastin Moor Miners. Welfare Scheme Unaudited Financial Statements 31 December 2022 Charity Registration Number 520480
Mastin Moor Miners. Welfare Scheme Financial Statements Year ended 31 December 2022 Pages 1to3 Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements 7t013
Mastin Moor Miners. Welfare Scheme Trustees, Annual Report Year ended 31 December 2022 The trustees present thelr report and the unaudited financial statements of the charity for the year ended 31 December 2022. Reference and admlnlstratlve detalls Reglstered charlty name Masbn Moor Miners, Welfare Scheme Charlty reglstratlon number 520480 Prlnclpal offlce Renishaw Road Mastin Moor Chesterfield Derbyshire The trustees Mr N Hadley Mr J Burrows Mr S Hams Mr F Harris Accountants darbys limited Chartered accountants New Quorn House 41 Potter Street Worksop Nottinghamshire Structure, governance and management The trustees who have served the charity during the year are shown above. The trustees have devolved the day to day running of the charity to a management committee with whom they meet regularly. Trustee vacancies are advertised and interested parties are asked to reply in writsng before interviews are conducted and suitable candidates appointed.
Mastin Moor Miners. Welfare Scheme Trustees, Annual Report (contlnued) Year ended 31 December 2022 Objectlves and actlvlties The charity was registered on 6 May 1965 and governed by Constitution and Rules created at that date, amended by a Scheme dated 11 July 2007. The CharItS object is "the provision of a welfare centre for the benefit of the inhabitants (and in particular, but not exclusively, such of the said inhabitants as are members of the mining community) of the area of benefit without distinction of political, religious or other opinions with the object of improving the conditions of life for the said inhabitants" In practice, the charity furthers its object by providing a social club for local residents. The charity continues to arrange regular activities including bingo and line dancing together with musical and other entertainment events, as well as offering room hire for private functions. There are sport and leisure facilities available, and an annual day trip and Christmas dinner are provided for elderly members of the community. Achlevements and performance The club continues to host fundraising events such as charity auctions in addition to the regular social activities. The former stewards, house is also let to a private tenant in order to raise additional funds for the club. as in previous years. Flnancial revlew The charity reports an increase in funds of £16,121, which is a much improved position compared to the previous years increase of £6,371. This is in the main due to an improved situation socially since the ending of restrictions in place due to the COVID-19 pandemic. The management in despite of this will continue to investigate further ways of raising further funds to continue to improve the charities position. Trustees. responslbillties statement The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
Mastin Moor Miners, Welfare Scheme Trustees. Annual Report (contlnued) Year ended 31 December 2022 In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records Ihat are sufficient to show and explain the charilvs transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularitles. The trustees, annual report was approved on 31 March 2023 and slgned on behalf of the board of trustees by: Mr S Harris Trustee
Mastin Moor Miners, Welfare Scheme Independent Examiner's Report to the Trustees of Mastin Moor Mlners. Welfare Scheme Year ended 31 December 2022 I report to the trustees on my examination of the financial statements of Mastin Moor Miners, Welfare Scheme ('the charity,) for the year ended 31 December 2022. Responslbllitles and basls of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Chanties Act 2011 ('the Act,). I report in respect of my examination of the chantls financial statements 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 examlner's statement I have completed my examination. I confim 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 charity as required by section 130 of the Act; or the financial statements do not accord with those records; or the financial statements 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 nol 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. Darbys Limited Chartered Certified Accountants Independent Examiner New Quorn House 41 Potter Street Worksop Nottinghamshire
Mastin Moor Miners. Welfare Scheme Statement of Financial Activities Year ended 31 December 2022 2022 Unrestricted funds Total funds Total funds 2021 Note Income and endowments Charitable activities Investment income 136,126 6,087 136,126 6,087 81,897 6,001 Total Income 142,213 142,213 87,898 Expenditure Expenditure on charitable activities Total expenditure 126,092 126,092 81,527 126,092 126,092 81,527 Net income and net movement in funds 16,121 16,121 6,371 Reconclllatlon of funds Total funds brought forward Total funds carried forward 238,396 238,396 232,025 254,517 254,517 238,396 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 13 forni part of these financlal statements.
Mastin Moor Miners. Welfare Scheme Statement of Financlal Posltion 31 December 2022 2021 Note Fixed assets Tangible fixed assets Current assets Stocks Debtors Cash at bank and in hand 10 199,698 200,215 11 12 2,275 130 56,644 2,145 1,867 37,882 59,049 41,894 Credltors: amounts falllng due wlthln one year Net current assets 13 4,230 3,713 54,819 38.181 Total assets less current Ilabllltles 254,517 238,396 Net assets 254,517 238,396 Funds of the charlty Unrestricted funds 254,517 238,396 Total charlty funds 14 254,517 238,396 These financial statements were approved by the board of trustees and authorised for issue on 31 March 2023, and are signed on behalf of the board by: Mr S Harris Trustee The notes on pages 7 to 13 forni part of these financlal statements.
Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements Year ended 31 December 2022 General Informatlon The charity is a public benefit entity and a registered charity In England and Wales and is a chantable incorporated organisation. The address of the principal office is Renishaw Road, Mastin Moor, Chesterfield, Derbyshire. Statement of compllance These financial statements have been prepared in compliance wilh FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities prepanng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Chanties Act 2011. Accountlng pollcies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charitys ability to continue. Dlsclosure exemptlons The entity satisfies the criteria of being a qualrfying entity as defined in FRS 102. As such, advantage has been tsken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. Judgements and key sources of estlmatlon uncertainty The preparation of the financial statements requires management to make Judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements (conUnu•d) Year ended 31 December 2022 Accountlng pollcles (conunued) Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charitls purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub<lasse restricted income funds or endowment funds. Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the harity; it Is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to partjcular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this Is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received If the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Mastin Moor Mlners. Welfare Scheme Notes to the Flnanclal Statements (con(Inu•d) Year ended 31 December 2022 Accountlng pollcles (contlnu•d) Resources expended Expenditure Is recognlsed on an 8ccruals basis as 8118blllty Is Incurred. Expendlture Includes any VAT which cannot be fully recovered, and Is classlfied under headings of the statement of financial activities to whlch it relates: expenditure on raising funds Includes the costs of all fundralslng activltles, event8, non-charitable trading activilles, and the sale of donated goods. expenditure on charitable activities includes all costs Incurred by a charlty In undertaklng activities that further its charitable aims for the benefit of its beneficlarles, Includlng those support costs and costs relating to the governance of the charlty apportloned to charitable activities. other expenditure includes all expenditure that is neither related to ralsing funds for Ihe charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categori reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between e activities they contribute to on a reasonable, Justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciatio and subsequent accumulated impairment losses. An increase in the rrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its resldual value, over the useful economic life of that asset as follows: Fixtures and fittings 15 % reducing balance Impalrnient of flxed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
10- Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements (contlnued) Year ended 31 December 2022 Accountlng pollcles (contlnued) Impalrment of flxed assets (contlnu•d) For the purposes of impairment testing, when il is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present locatson and condition. Flnanclal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
11 Mastln Moor Mlnors. Welfaro Scheme Noto8 to tho Flnanclal Statomonts (Gonllnu•d) Year ended 31 Docombor 2022 Accountlng pollcles (con¢lnu•d) Flnanclal Instrumonts (contlnu•d) For all equily instruments rogard1088 01 8lgnllicance, 8nd othor financ131 assets that afe Indivldually 81gnlflcant, the80 are a8SOS8ed Indlvldually for Impalrmont. Other financial as8ets are either assessed Indlvlducjlly or grouped on Ihe basis of 8imllar credil risk characteri8tics. Any reversals of impairment are recognisod Immediately, to the eytent that the rever6al does not result In a carrying amount of the Iinanclal asset Ihat exceeds what the carrying amount would have been had the Impairment not provlou81y been recognlsed. Charltable actlvltles Unrestrlcted Total Funds Unre81ricted Total Funds Funds 2022 Fund8 2021 Sale of goods/service8 a8 part of direct charitable activities Other income from charitsble activities Other income from charitable acliville8 (Grants received) 114,254 17,205 114,254 17,205 53,518 6,089 53,518 6,089 4,667 4,667 22,290 22,290 136,126 136,126 81,897 81,897 Investment Income Unrestricted Total Funds Unrestricted Totsl Funds Funds 2022 Funds 2021 Income from investment properties Bank interest receivable 6,072 15 6,072 15 6,000 6,087 6,087 6,001 6,001 Expendlture on charltable actlvltles by actlvlty type Activities undertaken directly Support costs Totsl funds 2022 Total fund 2021 Activity type 1 Governance costs 124,490 124,490 1,602 80,127 1,400 81,527 1,602 1,602 124,490 126,092 Net Income Net income18 stated after chargingl(crediting): 2022 2021 Depreciation of tsngible fixed assets 517 607
12. Mnstlii Moor Mlnors, Wolfaro Scl)on)o Not08 to tlio Flnniiclnl Stntoiiioi)tS (laviilliiii•d) Yoor oiidod 31 Doconibor 2022 Staff co•t• Tl)t) llverage numbor of por8on8 on)i)loyod by Ihe cllarlly durlng 11)0 yOAr amouiitod to 8 (2021: 7). No On)plos0 rocolvod on)ployoo boiiofils ol more Ihon £60,000 durlng Ihe yoar (2021: £60,000). Trustoo rnniunoratlon aiid oxpon808 Ono tnistoo has boon pnld romunorntlon or rocolvod olher boneflts Irom employment wllh Iho chkjrily, Mr S Harrls recelvod a snlnry of £4,160 (2021 £4,080) In hls ro16 as troasurer, as permltled under tlie Constilulion and Rulos. 10. Tanglble flxed assets Freehold Flxtures and property fittlngs Total Cost At 1 January 2022 and 31 December 2022 Depreclatlon At 1 Jcinuary 2022 Charge for the yoar At 31 Decomber 2022 196,771 55,634 252,405 52,190 517 52,190 517 52,707 52,707 Carryliig amount At 31 Docember 2022 196,771 2,927 199,698 At 31 December 2021 196,771 3,444 200,215 11. Stocks 2022 2021 Raw materials and consumables 2,275 2,145 12. Debtors 2022 2021 Trade debtors Other debtors 1,728 139 130 130 1,867
13- Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements (contlnu•d) Year ended 31 December 2022 13. Credltors: amounts falllng due wlthln one year 2022 2021 Accruals and deferred income Soclal security and other taxes 2,000 2,230 1,400 2,313 4.230 3,713 14. Analysls of charltable funds Unrestrlcted funds At l January 202 At 31 December 2022 Income Expendllure General funds 238,396 142,213 (126,092) 254,517
Mastin Moor Miners. Welfare Scheme Management Information Year ended 31 December 2022 The followlng pages do not fomi part of the flnanclal statements.
Mastin Moor Miners. Welfare Scheme Management Information Year ended 31 December 2022 2022 2021 Sales 114,254 53,518 Purchases (49,179) (20,972) Gross profit 65,075 32.546 56.7°/0 60.7 % Other Income Gaming machine Pool and snooker Quiz and lottery machine Contributions and subscriptions Other income Social activities Bowls club 2,350 110 2,238 390 818 100 500 160 4,539 (343) Note Note 10,415 55 15,558 6,072 4,667 15 5,774 6,000 22,290 Rental income Government grants Bank interest received 91,387 66,611 Admlnlstratlve expenses Staff wages and pension contributions Rates, Insurance and Iicences Light and heat Repairs and maintenance Cleaning and equipment hire Telephone and stationery Sundry expenses Entertainment OAP dinner and outings Accountancy fees Depreciation of fixtures and fittings Bad debt write off 27,614 2,734 11,006 24,442 2,010 3,104 136 2,103 23,303 3,253 1,258 26,422 255 2,508 205 1,029 1,600 517 1,400 607 (75,266) (60.240) Net surplusl(deficlt) 16,121 6,371
Mastin Moor Miners. Welfare Scheme Management Information Year ended 31 December 2022 2022 2021 Soclal actlvltles Income Bingo Raffle Tote Auction 2,177 1,953 3,610 3,355 11,095 1,600 938 1,527 879 Gross proflt 4,944 Expenses Bingo tickets and other expenses Prizes Line dancing 680 405 (680) (405) Net surplusl(deflclt) 10,415 4,539 Bowls club Income 301 990 Raffle Lottery Other income 573 450 Gross proflt 1,023 1,291 Expenses Fees Greenkeeping costs Postage and stationery Insurance Catering Cleaning and maintenance Trophies 368 600 634 1,000 (968) (1,634) Net surplus 55 (343)