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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 520497

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31st December 2023

for

PLEASLEY MINERS WELFARE TRUST

Ashton Accounts & Associates Ltd

99 Abbey Road Kirkby in Ashfield Notts NG17 7NW

PLEASLEY MINERS WELFARE TRUST

Report to the Trustees

for the year Ended 31st December 2023

The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. The trustess 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 Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Pleasley Colliery Welfare Band

Contesting has now recommenced and Pleasley entered the Midlands Area Contest, which was held in Corby, in February 2022. The band came fourth in the contest, which because of the good results over the 2018 and 2019 years, means that the band has been promoted to the 2nd section from January 2023.

The band also took part in the Buxton contest as we now have a few younger players who are really keen to get contesting experience.

The band continues to be supported by the Pallerton Community and played for the Queens Platinum Jubilee at the village, Unfortunatly the weather let the band down, but did not dampen the spirits of everyone. We were invited back for their Christmas concert, where everyone was in high spirits.

We also played at Carr Park for Mansfield District Council and Newark Castle band stand for Newark Town Council. The Band was invited back to the Brass Explosion event involving other bands and entertainers. Our claim to fame came when the band played at Berry Hill Park for the Queens Jubilee, when we appeared on the TV on East Midlands Today and also when our MD was featured on Radio Mansfield 103.2 promoting the band.

Christmas jobs have helped with the finances for the band and we played a number of concerts for charity organizations including the Retford Rotary Club, Mansfield NSPCC Branch, the Hospital Leaque of Friends and the John Eastwood Hospice.

Page 2

PLEASLEY MINERS WELFARE TRUST

Report to the Trustees

for the Year Ended 31st December 2023

Approved by order of the board of trustees on …..................................... And signed on its behalf by:

….......................................................

T A Duffy - Trustee

Page 5

Independent Examiner's Report to the Trustees of PLEASLEY MINERS WELFARE TRUST

Independent examiner's report to the trustees of PLEASLEY MINERS WELFARE TRUST

I report to the charity trustees on my examinations of the accounts of PLEASLEY MINERS WELFARE TRUST (the Trust) for the year ended 31st 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').

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:

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.

Emma Graves FCPA ASHTON ACCOUNTS & ASSOCIATES LTD 99 Abbey Road Kirkby in Ashfield Notts NG17 7NW

Date…..............................................

Page 6

PLEASLEY MINERS WELFARE TRUST

Statement of Financial Activities

for the year Ended 31st December 2023
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
investment income
3
Total
EXPENDITURE ON
Raising funds
4
NET INCOME
RECONCILLIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.12.23
31.12.22
Unrestricted
Total
fund
funds
£
£
26,125
12,860
11,690
4,448
5,178
4,552
42,993
21,860
51,582
18,836
-8,589
3,024
195,467
192,443
186,878
195,467

The notes form part of these financial statements

Page 7

PLEASLEY MINERS WELFARE TRUST

Balance Sheet

31st December 2023

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank
CREDITORS
Amounts falling due within one year
9
NETT CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITES
NET ASSETS		 31.12.23
31.12.22
Unrestricted
Total
fund
funds
£
£
47,965
52,918
114,053
104,871
23,425
35,856
137,478
140,727
1,435
1,822
138,913
142,549
186,878
195,467
186,878
195,467

The notes form part of these Financial Statements

Continued…

Page 8

PLEASLEY MINERS WELFARE TRUST

Balance Sheet - continued 31st December 2023

FUNDS
10
Unrestricted funds
TOTAL FUNDS		 195,467
195,467

The financial statements were approved by the Board of Trustees and authorised for issue on ….........................................and were signed on its behalf by:

…..........................................

T A Duffy - Trustee

…..........................................

M Hammond - Trustee

…..........................................

J Turner - Trustee

…..........................................

J Morgan

The notes form part of these financial statements Page 9

PLEASLEY MINERS WELFARE TRUST

Notes to the Financial Statements

for the Year Ended 31st December 2023

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is 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 one 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.

Taxation

The charity is exempt from taxation 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 object 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.

Page 10 continued…

PLEASLEY MINERS WELFARE TRUST

Notes to the Financial Statements - continued for the year Ended 31st December 2023

2
OTHER MTRADING ACTIVITIES
Grants
Bingo, toto fund & raffle fund
3
INVESTMENT INCOME
Rents received
Land rent phone masts
4
RAISING FUNDS
Raising donations and legacies
Rates and Water
Heat & Light
Insurance
Telephone
Postage and Stationary
Sundries
Trade Waste
Depreciation
Support costs
Investment management costs
Property repairs
Ground maintenance
Aggregate amounts
Page 11		 31.12.23
31.23.22
£
£
-
-
11,690
4,448
11,690
4,448
31.12.23
31.12.22
£
£
1,354
1,452
3,824
3,100
5,178
4,552
31.12.23
31.12.22
£
£
1,381
1,292
24,336
-
1,881
1,466
552
1,055
1,002
177
5,224
487
-
840
3,123
3,471
2,668
1,295
40,167
10,023
31.12.23
31.12.22
£
£
10,571
7,758
844
1,267
11,415
9,025
51,582
18,836
continued…		 31.23.22
£
-
4,448
4,448
31.12.22
£
1,452
3,100
4,552
31.12.22
£
1,292
-
1,466
1,055
177
487
840
3,471
1,295
10,023
31.12.22
£
7,758
1,267
9,025
18,836

Page 11

PLEASLEY MINERS WELFARE TRUST

Notes to the Financial Statements - continued

for the year Ended 31 December 2023

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

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

INCOME FROM ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment Income
Total
EXPENDITURE ON
Raising funds
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 unrestriced
fund
£
12,860
4,448
4,552
21,860
18,836
3,024
192,443
195,467

continued…

Page 12

PLEASLEY MINERS WELFARE TRUST

Notes to the Financial Statements - continued for the year Ended 31 December 2023

7 TANGIBLE FIXED ASSETS

Fixtures
Freehold
and
Property
fittings
Totals
£
£
£
COST
At 1 January 2023 and
31 December 2023
73,913
161,819
235,732
DEPRECIATION
At 1 January 2023
52,230
130,584
182,814
Charge for year
3,123
3,123
At 31 December 2023
52,230
133,707
185,937
NET BOOK VALUE
At 31 December 2023
21,683
28,112
49,795
At 31 December 2022
21,683
31,235
52,918
8
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
£
£
Other debtors
114,053
104,871
9
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
£
£
Trade creditors
-1
-1
Taxation and social security
-809
-621
Other creditors
-625
-1200
-1,435
-1,822
10
MOVEMENT IN FUNDS
Net
movement
At
At 1.1.23
in funds
31.12.23
£
£
£
Unretricted funds
General Fund
195,467
-8,589
186,878
TOTAL FUNDS
195,467
-8,589
186,878		 Fixtures
Freehold
and
Property
fittings
Totals
£
£
£
73,913
161,819
235,732		 Fixtures
Freehold
and
Property
fittings
Totals
£
£
£
73,913
161,819
235,732
52,230
130,584
182,814
3,123
3,123
52,230
133,707
185,937
21,683
28,112
49,795
21,683
31,235
52,918
31.12.23
31.12.22
£
£
114,053
104,871
31.12.23
31.12.22
£
£
-1
-1
-809
-621
-625
-1200
-1,435
-1,822
Net
movement
At
in funds
31.12.23
£
£
-8,589
186,878
195,467 -8,589
186,878

continued…

Page 13

PLEASLEY MINERS WELFARE TRUST

Notes to the Financial Statements - continued

for the year Ended 31 December 2023

10 MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted Funds
General fund
TOTAL FUNDS		 Incoming
Resouces
Movement
resourses
expanding
in funds
£
£
£
42,993
-51,582
-8,589
42,993
-51,582
-8,589
Net
movement
At
At 1.1.22
in funds
31.12.22
£
£
£
192,443
3,024
195,467
192,443
3,024
195,467

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
Resources Movement
resources
expanded
in funds
£
£
£
21,860
-18,836
3,024
21,860
-18,836
3,024

A current year 12 months and prior year 12 months combined position as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Net
movement
At
At 1.1.22
in funds
31.12.23
£
£
£
195,467
-5,565
189,902
195,467
-5,565
189,902

continued…

Page 14

PLEASLEY MINERS WELFARE TRUST Notes to the Financial Statements - continued for the Year Ended 31 December 2023

10 MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming Resources Movement
resources
expanded
in funds
£
£
£
64,853
-70,418
-5,565
64,853
-70,418
-5,565

11 RELATED PARTY DISCLOSURES

There are no related party transactions for the year ended 31 December 2023.

Page 15

PLEASLEY MINERS WELFARE TRUST

Detailed Statement of Financial Activities

for the Year Ended 31 December 2023

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Occupational licence
Other trading activities
Grants
Bingo, tote fund & raffle fund
Investment income
Rents received
Land rent phone masts
Total incoming resources
EXPENDITURE
Raising donations and legacies
Rates & water
Heat & Light
Insurance
Telephone
Postage & Stationary
Sundries
Trade waste
Fixtures & fittings
Other trading activities
Administration charges
Welfare band movement
Homing club movement
Party's		 31.12.23
31.12.22
£
£
-
-1
72
551
26,093
12,310
26,125
12,860
-
-
11,690
4448
11,690
4,448
1,354
1,452
3,824
3,100
5,178
4,552
42,993
21,860
1,381
1,292
24,336
-
1,881
1,466
552
1,055
1,002
117
5,224
487
-
840
3,123
3,471
37,499
8,728
-
1,300
286
-797
-
-1,898
932
1,183
1,218
-212

This page does not form part of the statutory Financial Statements

Page 16

PLEASLEY MINERS WELFARE TRUST

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Other trading activities
Investment management costs
Property Repairs
Ground maintenance
Support costs
Management
Travel
Governance costs
Accountancy and legal fees
Total resources expended
Net income		 31.12.23
31.12.22
£
£
10,571
7,758
844
1,267
11,415
9,025
-
20
1,450
1,275
51,582
18,836
-8,589
3,024

This page does not form part of the statutory Financial Statements

Page 17

PLEASLEY MINERS WELFARE TRUST

Contents of the Financial Statements for the Year Ended 31 December 2023

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 15
Detailed Statement of Financial Activities 16 to 17