Mastin Moor Miners. Welfare Scheme Unauditsd Financial Statsments 31 December 2023 Charity Registration Number 520480
Mastln Moor Miners, Welfare Scheme Flnanclal Ststements Year ended 31 December 2023 Pages Trustees, annual report Independent examinerfs report to the trustees 1to3 Statement of financial activities ststement of financial position Notes to the financial statements 7t014
Mastin Moor Miners. Welfare Scheme Trustees, Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. Ref•rnnc• and admlnlstratlve details Reglst•r•d charity nam• Charlty rngl8tratlon number Prfnclpal offlc• Mastin Moor Miners, Welfare Scheme 520480 Renishaw Road Mastsn Moor Chesterfield Derbyshire Th• trust•e8 Mr N Hadley Mr J Burrows Mr S Harris Mr F Harris Accountants Spencer Allen Limited Chartered Certthed Accountants The Birches Cross Road West Midlands 73BJ Structur•. governan and management The trustees who have served the charity during the year are shown above. The trustees have devofved 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 writing before interviews are conducted and suitsble candidates appointed.
Mastin Moor Miners. Welfare Scheme Trustees, Annual Report (contlnu•d) Year ended 31 December 2023 ObJ•ctIV and actlvltlès The chanty was registered on 6 May 1965 and governed by Constitution and Rules created at that date, amended by a SCheff dated 11 Juty 2007. The charity's object is Ihe provision of a welfare centre for the benefit of the inhabitants (and in partular, but not exdusively, such ofthe &gid inhabitants as are members of the mining community) of the area of benefit wrthout dists"nth"on of political, religious or other opinions with the object of improving the condrtions of lrfe for the said inhabitsnts.. In practice, the chanty 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 funcb"ons. There are sport and leisure facilities available, and an annual day trip and Christmas dinner are provided for elderly members of the communty. AchO•v•ments and perfornianc• The dub conts.nues to host fundraising events such as chanty auctions in addition to the regular social The fomw stewards, house is also let to a private tenant in order to raise additional funds for the club, as in previous years. Financlal review The charity reports a net increase in funds of £4,263 which is lower than the increase of £16,121 in the PvIouS year. The management committee continue to investlgate and implement ways of reducing costs and raising more funds. Trustees. rnsponslbllltles statement The trustees are responsible for preparing the trustees, report and the financial statements in accordan wth applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounb"ng Pracb"ce). The law applicable to charities in England and Wales requires the charity trustees to prepare financial stateffEnts for each year which give a true and fair view of the stste 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 Trustses. Annual Report (contlnuod) Year ended 31 December 2023 In preparing these financial statements, the trustees are required to: select suitsble accounting policies and then apply them consistently; observe the n*thods and principles in the applicable Charities SORP; make judgments and accounts.ng 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. trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial posthn 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 taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, annual report was approved on ............ trustees by: .24 . s . 202110 and signed on behalf of the board of Mr S Harris Trustee
Mastin Moor Miners, Welfare Scheme Independent Examinerfs Report to the Trustees of Mastin Moor Miners, Welfare Scheme Year ended 31 December 2023 I report to the trustees on my examination of the financial statements of Mastsn Moor Miners, Welfare Scheme ('the chanty,) for the year ended 31 December 2023. R•sponslbllltles and basls of report As the trustees of the chanty you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the ACY). I rem in respect of my examination of the charity's financial ststements 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 Charty Commission under section 145(5)(b) of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection wrth the examinats.on 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 A¢or the financial ststements do not accord with those records. or the financial ststements do not comply with the applicable requirements Conrning 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 fairf 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 attentK)n should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Rachel Allen FCCA Chartered Certffied Accountant Independent Examiner Spencer Allen Limrted The Birches Cross Road Albnghton West Midlands IW7 3BJ
Mastln Moor Miners, Welfare Scheme Statsment of Financial Activities Year endod 31 December 2023 2023 Unrestricted funds Total funds Total funds 2022 Not• Incom• and endowments Charitable activi Investrnent incorr 106,873 6,763 106,873 6,763 136,126 6,087 Total Income Expendltur• Expenditure on charitable activrties Total expendlture 113,636 113,636 142,213 109,373 109,373 109,373 126,092 109,373 126,092 Net Incomo and net movement In funds 4,263 4,263 16,121 Reconciliation of funds Total fvrKls brought forward Total funds carrfed forward 254,517 258,780 254,517 258,780 238,396 254,517 The statement of financial activibes indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activrties. Th• note• on pag08 7 to 14 forni part of th8 flnanclal Statements.
Mastin Moor Miners, Welfare Scheme Statement of Flnanclal Posltion 31 December 2023 2023 2022 Not• Flx•d ass•ts TangitAe fixed assets 11 200,762 199,698 Current assets 12 13 2,500 2,430 57,444 62,374 2,275 130 56,644 Cash at bank and in hand 59,049 Cr•dltorn: amounts falllng duo withln on• year Not current assets Total assets1888 current Ilabllltles Net assets 14 4,356 58,018 4,230 54,819 258,780 258,780 254,517 254,517 Funds of the charlty Unrested fvnds 258,780 254,517 Totsl charlty funds 15 258,780 254,517 These financial statements were approved by the board of trustees and authorised for issue on .-. 5.:. 2.*........., and are signed on behalf of the board by: Mr S Harris Trustee Th• nots• on p•9•• 7 to 14 forni part of tIw8• flnanclal •tat•m•nts.
Mastin Moor Miners. Welfare Scheme Notes to the Flnancial Statements Year ended 31 December 2023 General Inforniation The charity is a public benefit entity and a registered charity in England and Wales and is a charitsble incorporated organisation. The address of the principal office is Renishaw Road, Mastin Moor, Chesterfield, Dert)yshire. Ststement of compllance These financial statements have been prepad in compliance with FRS 102, The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland,, the Statement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporb"ng Standanl applicable in the UK and Republic of Ireland (FRS 102) (Charitses SORP (FRS 102)) and the Charities Act 2011. Accounting pollcies Basls of preparatlon The financial staterrEnts have been prepared on the historical cost basis, as modified by the revaluation of rtain 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. Going concern There are no material uncertainties about the charity's ability to continue. Dlsclosure exemptlons The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantsge has been tsken of the following disclosure exemptions available under paragraph 1 .12 of FRS 102: (a) No cash flow ststement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. Judgements and key Sources of estimatlon uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are conbnually reviewed and are based on experience and other factors, including expectations of fvture events that are believed to be reasonable under the cirCumstans.
Mastin Moor Miners, Welfare Scheme Notes to the Flnanclal Statements (contlnu•d) Year ended 31 December 2023 Accountlng pollcl•• (eOnV•) Fund accountlng Unrestricted funds are avallable for use at the discretion of the trustees to further any of the charty's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitrnenL Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the tern of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incomlng resources All incoming resources are induded in the ststement of financial activits'es when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will v to the chanty and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the g receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. incoffE from donated goods is measured at the fair value of the goods unless this Is impract1 to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribub'on 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 Miners, Welfare Scheme Notes to the Financial Statements (conunued) Year ended 31 December 2023 Accounting polkies (ctInU•d) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which canrK>t be fully recovered, and is classified under headings of the statement of financial actsvities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitsble trading activities, and the sale of donated goods. expenditure on charitsble activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activrties. other expenditure indudes all expenditu that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributsble to a single activty are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cos( 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 revaluats'on less any subsequent accumulated depreciation and subsequent accumulated Impalmnt losses. An increase in the carrying 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 carying amunt 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 ststement of financial activities. Depreclatlon Depreciation is calculated so as to write off the cost or valuats'on of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures and fittings 150A reducing balan Impalrnient of fixed assets A review for indicators of impaim)ent is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable arnnt, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
10- Mastin Moor Miners, Welfare Scheme Notss to the Financial Statsments (contlnu•d) Year ended 31 December 2023 Accounting pollcles (contlnu•d) Impalrni•nt of flx•d auets (cthrytinu•d) For the purposes of ImpairEnt tesb'ng, when it is not possible to estimate the recoverable amount of an individual asse( an estimate is made of the recoverable amount of the cash-generating unit to whth the asset belongs. The cash-generating unit is the smallest idents'fiable group of assets that indudes the asset and generates cash inflows that largety independent of the cash inflows from other assets or groups of assets. For impainnent testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to eath of the cash-generating units that a 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 esb"mated selling price less costs to complete and sell. Cost indudes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Flnancial Instruments A financial asset or a financial liabilty is recognised onty when the charity becomes a paty to the contractual provisions of the instrument Basic financial instruments are inrtially recognised at the amount re1vable 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 receNed and not discounted. Debt instruments are subsequently measured at amortised cost. Where investsnents in shares are publicly traded or their fair value can otherwise be measured reliably, the investsnent is subsequently measured at fair value with changes in fair value recognised in income and expendrture. All other such investments are subsequently measured at cost less impairment Other financial instruments, induding derivatives, are inrtialty recognised at fair value, unless payrrent for an asset is deferred beyond normal business terms or finand 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 subsequenty measured at fair value, with any changes recognised in the stateffEnt of financial activities, with the exception of hedging instruments in a designated hedging relats"onship. 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 eviden of impairment, an impaimwrt loss is recognised under the appropriate heading in the statement of financial activities in which the In'al gain was recognised.
11 Mastin Moor Miners, Welfare Scheme Note8 to the Financial Statements (conUnu•d) Year ended 31 December 2023 Accountlng pollclos (contlnu•d) Flnanclal Instrum•nts (contlnu•d) For all equty instruffÉnts regardless of significance, and other financial assets that are individually nificanc these are assessed individually for impaimRnt. Other financial assets are erther assessed indNidualty or grouped on the basis of similar credit risk characteristics. Any revetsals of impaim)ent are recognised immediately, to the extent that the reversal does not result in a carrying amunt of the financial asset that exceeds what the carrying amount would have bn had the impaimRnt not previously been recognised. Charftable actlvltles Unrestricted Totsl Funds Unrestricted Total Funds Funds 2023 Funds 2022 Sale of goodslservices as part of direct charitable activities Other incorrE from charitable actNities Other income from charitsble activities (Grants received) 90,986 15,887 90,986 15,887 114,254 17,205 114,254 17,205 4,667 4,667 106,873 106,873 136,126 136,126 Investment Incom• Unrestricted Totsl Funds Unrestricted Total Funds Funds 2023 Funds 2022 Income from investment properties Bank interest receivable 6,600 163 6,600 163 6,072 15 6,072 15 6,763 6,763 6,087 6,087 Exp•ndlture on charltable actlvltles by actlvlty type Activities undertaken directly Support costs Total funds 2023 Total fund 2022 Activty type 1 Govemance costs 107,993 107,993 1,380 124,490 1,602 1,380 107,993 1,380 109,373 126,092
12. Mastin Moor Miners, Welfare Scheme Notss to the Flnancial Statements (contlnued) Year ended 31 December 2023 Not Incom• Net income is ststed after chargingl(crediting): 2023 2022 Depreciation of tangible fixed assets 606 517 Independent examlnatlon fees 2023 2022 Fees payable to the independent examiner for. Independent examination of the financial statements 1,380 1,602 Stsff costs The totsl stsff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries 27,887 27,614 The average number of persons employed by the charity during the year amounted to 8 (2022: 8). No employee received employee benefits of more than £60,000 during the year (2022: Nil). 10. Trusts• remuneratlon and expenses One trustee has been paid remuneration or received other benefits from employment with the charty. Mr S Harris receNed a salary of £3,146 (2022- £4,160) in his role as treasurer, as permitted under the constitub.on and Rules. 11. Tangible flxed assets Freehold Fixtures and propety fittings Total At 1 January 2023 and 31 December 2023 Depreclatlon At 1 January 2023 Charge for the year At 31 December 2023 196,771 57,304 254,075 52,707 606 52,707 606 53,313 53,313 Carrylng amount At 31 December 2023 196,771 3,991 200,762 At 31 December 2022 196,771 2,927 199,698
13- Mastin Moor Miners. Welfare Scheme Notes to the Financlal Statements (contlnued) Year ended 31 December 2023 12. Stocks 2023 2022 Raw materials and consumables 2,500 2,275 13. DebtOfS 2023 2022 Other debtors 2,430 130 14. Credltors: amounts falling due within one year 2023 2022 Trade creditors Accruals and deferred income soal secunty and other taxes 1,880 2,476 2,000 2,230 4,356 4,230 15. Analysis of charitsble funds Unrestrlcted funds At 1 Jan 2022 At Income Expenditure 31 Dec 2022 General funds 254,517 113,636 (109,373) 258,780
14- Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements (contlnued) Year ended 31 December 2023 16. Analy818 of n•t auets between funds Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 200,762 62,374 (4,356) 258,780 200,762 56,950 (5,197) 252,515
Mastin Moor Miners. Welfare Scheme Management Inforniation 31 December 2023 The followlng pages do not fonn part of the flnancial statements.
Mastin Moor Miners, Welfare Scheme Management Inforniation 31 December 2023 2023 2022 90,986 114,254 Purchases (45,541) (49,179) Gross profft 45,445 65,075 49.90A Other income Gaming machine Pool and snooker Quiz and lottery machine Contn"butions and subscriptions Other incorr 828 1,130 2,297 300 2,350 110 2,238 390 Note Nots 10,732 600 10,415 55 Bowls club 15,887 6,600 15,558 6,072 4,667 15 Rental income Government grants Bank interest receNed 163 68,095 91,387 Admlnlstratlv• expenses Staff wages and pension contributions Rates, insurance and licences Lht and heat Repairs and maintenance Cleaning and equipment hire Telephone and statK>nery Sundry expenses Entertainment OAO dinner and outings Accountsncy fees DepreciatThi of fixtures and ffttings Bank tharges 27,887 3,082 7,977 11,169 2,371 3,838 4,073 1,210 27,614 2,734 11,006 24,442 2,010 3,104 136 2,103 1,380 606 239 1.600 517 (63,832) (75,266) N•t surplusl(deficit) 4,263 16,121
Mastin Moor Miners. Welfare Scheme Management Inforniation 31 December 2023 2023 2022 lala tlvltl Bingo Raffle 1,991 2.078 3.770 650 3,599 2,177 1,953 3,610 OAP 3,355 12,088 4,944 EXP• Bmgo tthts and other expenses Prrzes Coxh and Christmas nch 219 78 1,059 680 (1,356) {680) N•t surplusl(d•fklt) 10,732 10,415 Bowls club Incom• subscP0nS and caten" 573 450 600 600 1,023 368 600 Greenkeeping costs Cleaning and maintenance Troph (968) N•t •urplu• 600 55