Mastln Moor Miners. Welfare Scheme Unaudited Financial Statements 31 December 2024 Charity Registration Number 520480
Mastin Moor Miners. Welfare Scheme Financial Statements Year ended 31 December 2024 Pages Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities 1to3 statement of financial position Notes to the financial statements 7t014
Mastin Moor Miners. Welfare Scheme Trustees. Annual Report Year ended 31 December 2024 The trustees present their report and the unaudited financial ststements of the charity for the year ended 31 December 2024. Reference and administrative details Mastin Moor Miners, Welfare Scheme Reglstered charity name Charity reglstratlon number 520480 Principal office Renishaw Road Mastin Moor Chesterfield Derbyshire The trustees Mr N Hadley Mr J Burrows Mr S Harris Mr F Harris Accountants Spencer Allen Limited Chartered Certified Accountants The Birches Cross Road West Midlands WV7 3BJ 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 parlies are asked to reply in writing before interviews are conducted and suitable candidates appointed.
Mastin Moor Miners. Welfare Scheme Trustees. Annual Report (¢ontlnued} Year ended 31 December 2024 Objectives and activities The charity was registered on 6 May 1965 and govemed by Constitution and Rules created at that date, amended by a Scheme dated 11 July 2007. The charity's object is "the provision of a welfare centre for the benefst 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 lrfe for the said inhabitants.. In practice, the charily 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 8re provided for elderly members of the community. Achievements and performance The dub 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 additlonal funds for the club. as in previous years. Financial revlew The charity reports a net increase in funds of £15,005 which is an increase of £10,742 from the previous year. The management committee continue to investigate and implement ways of reducing costs and raising more funds. Trustees. responsibilities statement The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom AGcounting Slandards (Unlted Klngoom 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 2024 In preparing these financial statements, the trustees are required to-. select suitable accounting pcdicies 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 that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Acl 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 3. •TrV-.1. -. 2azi and signed 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 Miners. Welfare Scheme Year ended 31 December 2024 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 2024. Responsibilities and basls of report A5 the trustees of the charity you are responsible for the preparation of the financial ststements in accordance with the requlrements of the Charities Act 2011 ('the Act'}. I report in respect of my examination of the charity's financial statements carried out under seGtion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by Ihe Charity Commission under section 145(5)Ib) of the Act. Independent examiner's statement I have completed my examlnation. 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 respeGt'. accounting records were not kept in respect of the charity as required by sertion 130 of Ihe 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 aGGounts 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 axamination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Rachel Allen FCCA Chartered Certified Accountant Independent Examiner Spencer Alen Limited Thè Birches Cross Road Albrighton West Midlands WV7 3BJ
Mastin Moor Miners. Welfare Scheme ststement of Financial Activities Year ended 31 December 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowments CharTtable activities Investment income 151,541 6,839 151,541 6,839 158,380 106,873 6,763 Total income 158,380 113,636 Expenditurè Expenditure on charitable activities Total expenditure 143,375 143,375 109,373 143,375 143,375 109,373 Net income and net movement in funds 15,005 15,005 4,263 ReGonciliation of funds Total funds brought forward Total funds carried forward 258,780 258,780 254,517 273,785 273,785 258,780 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure d8rive from continuing activities. The notes on pages 7 to 14 forni part of thesè flnancial statements.
Mastin Moor Miners. Welfare Scheme Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets 11 200,891 200,762 Current assets Stocks Debtors Cash at bank and in hand 12 13 2,500 130 77,088 2,500 2,430 57,444 79,718 62,374 Credltors: amounts falling due withln one year Net current assets 14 6,824 4,356 72,894 58,018 Total assets less current liabilities 273,785 258,780 Net assets 273,785 258,780 Funds of the charity Unrestricted funds 273.785 258,780 Total charity funds 15 273,785 258,780 The e financi81 statements We approved by the board of trustees and authorised for issue on and are signed on behalf of the board by: Mr S Harris Trustee The notes on pages 7 to 14 form part of these flnancial ststements.
Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements Year ended 31 December 2024 General infonnation The charity is a public benefit entity and a registered charity in England and Wales and is a charitable 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 with FRS 102, 'The Fin8ncial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)} and the Charities Act 2011. Accounting policies Basls of preparation The financlal statements have been prepared on the hlstorical cost basis, as modrfied by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through incom8 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. Disclosure exemptlons The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been laken of the folbwing 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 estimation 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 experienGe and other factors, including expectations of future events that are believed lo be reasonable under the circumstances.
Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Accounting policies (continued) Fund accounting Unrestricted funds are available for use at the discretlon of the trustees to further any of the charity's 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 oftwo sub-classes: restricted income funds or endowment funds. Incoming resources All incomlng resources are included in the statement of financial activities when entillement has passed to the charity,. it is probable that the economiG benefits associated with the transaction will flow to the charity 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 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 m8asure reliably, in which case the value is derived from the Gost 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 thare is a contractual requirement for it to be spent on a particular purpose and returned rf unspent, in which case it may be regarded as restricted.
Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements (contlnued) Year ended 31 December 2024 AGGounting policies (contlnu8d) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities. events, non- charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that ftjrther its charitable aims for the benefit of its beneficiaries, induding those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure 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 attributable to a single activity are allocated directly to that activity. Shared Gosts are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are initially recorded atcost, and subsequently stated at cost less any accumulated depreciation and impaimient losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the Caying amount of an asset as a result of a revaluation, is recognised in olher 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. Depreciation Depreciation is calculated so as to write off the Gost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings 15Yo reducing balance Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recovèrable amount being estimated where such indicators exist. Where the carrying value exceeds th8 recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for posslble reversal at each reportlng date.
-10- Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements (conrfnued) Year ended 31 December 2024 Accountlng policies (Gontlnued) Impairment of fixed assets (conllnued) For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimale is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the small8St identifiable group of assets that includes the asset and generates cash infiows 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 location and condition. Financial 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 Gurrent 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 reGognised in income and expenditure. All other such investments are subseqLtently measured at cost18ss impalmnt. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business temis or financed at a rate of interest that is not a market rate, in which case the asset 15 measured at the present value of the future payments discounted at a market rale 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 impairmenl, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the inilial gain was recognised.
11 Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements {¢ontinued) Year ended 31 December 2024 Accounting policies (¢ontlnued) FinanGlal instruments (conllnugd) For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Sale of goodslservices as part of direct charitable activities Other income from charitable adivities Oth8r income from charitable activities (Grants received) 121,970 28,552 121,970 28,552 90.986 15,887 90,986 15,887 7.858 106,873 7,858 106,873 106,873 106,873 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Income from investment properties Bank interest receivable 6,600 239 6,600 239 6,600 163 6.600 163 6.839 6,839 6,763 6.763 Expenditure on charftable aGtivities by aGtivity type Activities undertaken directly Support costs Totsl funds 2024 Total fund 2023 Activity typé 1 Govemance Gosts 141,870 141,870 1,505 107,993 1,380 1,505 141,870 1,505 143,375 109,373
12- Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Net income Net income is stated after chargingl(crediting)'. 2024 2023 Depreciation of tangible fixed assets 613 606 Independent examination fees 2024 2023 Fees payable to the independent examiner for. Independent examination of the financial statements 1,505 1.380 staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries 35,540 27,887 The average number of persons employed by the charity during the year amounted to 9 (2023: 8). No employee re]Ved employee benefits of more than £60,000 during the year (2023: Nil). 10. Trustee remuneration and expenses One trustee has been paid remuneration or received other benefits frorn employment with the charity. Mr S Harris received a salary of £4,16012023- £3.146) in his role as treasurer. as permitted under the Constitution and Rules. 11. Tangible fixed assets Freehold Fi*(ures and propety fittings Total Cost At 1 January 2024 and 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 196,771 58,046 254,817 53.313 613 53,313 613 53,926 53,926 Carrying amount At 31 December 2024 196,771 3,393 200,164 At 31 December 2023 196,771 3,991 200,762
13- Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements (contlnued) Year ended 31 December 2024 12. stocks 2024 2023 Raw materials and consumables 2,500 2,500 13. Debtors 2024 2023 Other debtors 130 2,430 14. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Social securily and other taxes 1,880 4,944 1,880 2,476 6.824 4,356 15. Analysis of charitable funds Unrestricted funds At 1 Jan 2024 At Income Expenditure 31 Dec 2024 General funds 258,780 158,380 (143,375) 273,785
-14- Mastin Moor Miners. Welfare Scheme Notes to the Financial Statements (contlnued) Year ended 31 December 2024 16. Analysls of net assets between funds Total Funds Totsl Funds 2024 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 200,891 79,718 (6.8241 273,785 200,762 62,374 (4,356) 258,780
Mastin Moor Miners. Welfare Scheme Management Information 31 December 2024 The followlng pages do not forni part of the financial statements.
Mastin Moor Miners. Welfare Scheme Management Information 31 December 2024 2024 2023 Sales 121,970 90.986 Purchases (69,746) (45,541) Gross proflt 52,224 45.445 42.80 49.9 % Other income Gaming machine Pool and snooker Qulz and lottery ma¢hine Conlributions and subscriptions Other income Social activities Bowls dub 6,343 820 3,100 290 828 1,130 2.297 300 Note Note 9,810 1,350 10,732 600 21.713 6,600 7,858 239 15,887 6,600 Rental income Government grants Bank interest received 163 88,634 68,095 Administrative expenses Staff wages and pension contributions Rates, insurance and licences Light and heat Repairs and maintenance Cleaning and equipment hlre Telephone and stationery Sundry expenses Entertainment Professional fees Accountancy fees Depreciation of fixtures and f5ttings Bank charges 35,540 2,531 9,927 13,459 336 1,685 3,761 2,379 1.726 1,505 613 167 27,887 3,082 7,977 11,169 2,371 3,838 4,073 1,210 1.380 606 239 (73,629) (63.832) Net surplusl(defl¢it) 15.005 4,263
Mastin Moor Miners. Welfare Scheme Management Informatlon 31 December 2024 2024 2023 Soclal actlvltl8S Income Bingo Raffle Tote OAP Auction 1,817 2,050 4.113 1,991 2,078 3,770 650 3,599 3,262 Gross profit 11.242 12,088 Expenses Bingo tickets and other expenses Prizes Coach and Christmas lunch 477 219 78 1.059- 955 (1,432) 11.356) Net surplusl(deficit) 9,810 10.732 Bo s club Income Subscriptions and catering Raffle Lottery Other income 1,350 600 Gross profit 1,350 600 Expenses Fees Greenkeeplng costs Postage and stationery Insurance Catering Cleaning and maintenance Trophies Net surplus 1.350 600