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Charity number: 520812
(England and Wales)
Harton and Westoe Miners Welfare
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2023
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Harton and Westoe Miners Welfare Contents Page For the year ended 31 December 2023
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 |
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Harton and Westoe Miners Welfare Report of the Trustees
For the year ended 31 December 2023
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company 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 the Republic of Ireland (FRS 102) (effective 1 January 2015).
Chair's report
Statement of Trustees' responsibilities
. The Trustees are responsible for preparing the Trustees' report and the accounts in accordance with Charities Act 2011 and United Kingdom Generally Accepted Accounting Practice.
The Charities Act 2011 requires the Trustees to prepare accounts for each financial year which give a true and fair view of its financial activities during the year and of its financial position at the end of the year. In presenting those accounts, they are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP FRS 102;
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make judgements and estimates that are reasonable and prudent;
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follow applicable UK accounting standards and the Charities SORP FRS 102, disclosing and explaining any departures in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to do so.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Act 2011 and with the requirements of the Statement of Recommended Practice 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 (FRS102) (effective 1 January 2015) - Charities SORP FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). 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 besides the above responsibilities.
This report was approved by the trustees on 31st October 2024
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Harton and Westoe Miners Welfare Charity registration number 520812 Principal address Trustee Office Low Lane South Shields Tyne and Wear NE34 0NA
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Keith Finnigan Steve Camm Geoff Thompson Ronald Peterson Ernest Gibson David Smith Wayne Moffat David Farham Philip Turner
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Harton and Westoe Miners Welfare Report of the Trustees Continued For the year ended 31 December 2023
Independent examiners
David Scott Arthur Van Achter Jill Charlton John William Pearson Richard Forster Beach Accountants Limited Chartered Certified Accountants 10 Blue Sky Way Monkton Business Park South South Tyneside NE31 2EQ
Approved by the Board of Trustees and signed on its behalf by
.............................................................................
31 October 2024
Steve Camm
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Harton and Westoe Miners Welfare
Independent Examiners Report to the Trustees
For the year ended 31 December 2023
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Beach Accountants Limited Chartered Certified Accountants
10 Blue Sky Way Monkton Business Park South South Tyneside NE31 2EQ
31 October 2024
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Harton and Westoe Miners Welfare
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 December 2023
| Notes Income and endowments from: Donations and legacies 2 Other trading activites 3 Investments Total Expenditure on: Raising funds Charitable activities 4/5 Total Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 9,795 79,126 2 88,923 (411) (138,336) (138,747) (49,824) 1,351,007 1,301,183 |
2022 £ 5,500 54,775 - |
|---|---|---|
| 60,275 | ||
| (356) (156,388) |
||
| (156,744) | ||
| (96,469) 1,447,476 |
||
| 1,351,007 |
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Harton and Westoe Miners Welfare Statement of Financial Position
As at 31 December 2023
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 11 | 1,585,709 | 1,446,759 |
| 1,585,709 | 1,446,759 | ||
| Current assets | |||
| Debtors | 12 | 142,589 | 89,795 |
| Cash at bank and in hand | 1,466 | 4,001 | |
| 144,055 | 93,796 | ||
| Creditors: amounts falling due within one year | 13 | (189,327) | (175,302) |
| Net current assets | (45,272) | (81,506) | |
| Total assets less current liabilities | 1,540,437 | 1,365,253 | |
| Creditors: amounts falling due after more than one year | 14 | (239,254) | (14,246) |
| Net assets | 1,301,183 | 1,351,007 | |
| The funds of the charity | |||
| Unrestricted income funds | 15 | 1,301,183 | 1,351,007 |
| Total funds | 1,301,183 | 1,351,007 |
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section
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476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records
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and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Steve Camm Trustee
31 October 2024
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Harton and Westoe Miners Welfare Notes to the Financial Statements
For the year ended 31 December 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 2015)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Harton and Westoe Miners Welfare meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
The Trustees have assessed the charities finances and can confirm there is no reason why the chairty will not continue to operate for
at least 12 months passed the date of approval of these accounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis
Depreciation policies:
Land and Building 2% SL
Plant and machinery 20% SL
Grants
Per FRS 102 grants are to be recognised over the expected useful life where the grant it to acquire a capital item or matched to profit and loss items where applciable.
2. Income from donations and legacies
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Donations received | 767 | - |
| Grants received | 9,028 | 5,500 |
| 9,795 | 5,500 |
Included within donations and grants are realised amounts to cover the depreciation of a capital project for the building. Both income and depreciation is realised on a 2% straight line basis.
3. Income earned from other activities
| Unrestricted funds Sponsorships |
2023 £ 79,126 79,126 |
2022 £ 54,775 |
|---|---|---|
| 54,775 |
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Harton and Westoe Miners Welfare Notes to the Financial Statements Continued
For the year ended 31 December 2023
| 4. Costs of charitable activities by fund type Unrestricted funds Support costs 5. Costs of charitable activities by activity type General activity 6. Analysis of support costs Governance costs Accountancy fees Repairs, renewals and maintenance Depreciation of owned assets Rates Light and heat Insurance Printing, postage and stationary Telecommunications and data costs Bank charges Bank loan interest Professional fees for new development |
2023 £ 138,336 2023 £ 138,336 2023 £ 864 25,845 45,876 9,631 35,155 4,680 - 4,018 - 607 11,660 138,336 |
2022 £ 156,388 2022 £ 156,388 2022 £ 864 18,404 40,815 8,440 23,105 1,587 396 3,662 42 548 58,525 |
|---|---|---|
| 156,388 |
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Harton and Westoe Miners Welfare
Notes to the Financial Statements Continued
For the year ended 31 December 2023
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation of owned fixed assets | 45,876 | 40,815 |
| Accountancy fees | 864 | 864 |
8. Staff costs and emoluments
| Average number of employees, including trustees | 2023 7 7 |
2022 7 |
|---|---|---|
| 7 |
9. Trustee remuneration and related party transactions
There are no disclosable related party transactions in the year.
10. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
11. Tangible fixed assets
| Cost or valuation At 01 January 2023 Additions At 31 December 2023 Depreciation At 01 January 2023 Charge for year At 31 December 2023 Net book values At 31 December 2023 At 31 December 2022 |
Land and Buildings £ 2,097,010 183,497 2,280,507 650,251 45,610 695,861 1,584,646 1,446,759 |
Plant and Machinery £ 267,644 1,329 268,973 267,644 266 267,910 1,063 - |
Total £ 2,364,654 184,826 |
|---|---|---|---|
| 2,549,480 | |||
| 917,895 45,876 |
|||
| 963,771 | |||
| 1,585,709 | |||
| 1,446,759 |
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Harton and Westoe Miners Welfare Notes to the Financial Statements Continued
For the year ended 31 December 2023
12. Debtors
| Amounts due within one year: Prepayments and accrued income Other debtors |
2023 2022 £ £ - 1,051 142,589 88,744 142,589 89,795 |
|---|---|
13. Creditors: amounts falling due within one year
| Loans and overdrafts Trade creditors Other creditors Accruals and deferred income |
2023 £ 5,079 10,403 150,660 23,185 189,327 |
2022 £ 5,000 30,848 77,588 61,866 |
|---|---|---|
| 175,302 |
Included within 'Accruals and deferred income' is a short term capital grant amount of £4,795.
14. Creditors: amounts falling due after more than one year
| Loans and overdrafts Accruals and deferred income Accruals and deferred income consists of a long term capital grant amount of £230,166 |
2023 £ 9,088 230,166 239,254 |
2022 £ 14,246 - |
|---|---|---|
| 14,246 | ||
15. Movement in funds
Unrestricted Funds
| Balance at | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|
| 01/01/2023 | resources | resources | 31/12/2023 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 1,351,007 | 88,923 | (138,747) | 1,301,183 |
| 1,351,007 | 88,923 | (138,747) | 1,301,183 |
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Harton and Westoe Miners Welfare Notes to the Financial Statements Continued
For the year ended 31 December 2023
Unrestricted Funds - Previous year
| General General |
Balance at 01/01/2022 £ 1,447,476 1,447,476 |
Incoming resources £ 60,275 60,275 |
Outgoing resources £ (156,744) (156,744) |
Balance at 31/12/2022 £ 1,351,007 |
|---|---|---|---|---|
| 1,351,007 |
Purpose of unrestricted Funds
General
To fund the general running of the charity as detailed in the charities governing document.
16. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ 1,585,709 (45,272) (239,254) 1,301,183 |
|---|---|
| 1,585,709 (45,272) (239,254) 1,301,183 |
|
| Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ 1,446,759 (81,506) (14,246) 1,351,007 |
|
| 1,446,759 (81,506) (14,246) 1,351,007 |
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Harton and Westoe Miners Welfare Detailed Statement of Financial Activities For the year ended 31 December 2023
| INCOME AND ENDOWMENT Donations and legacies Donations Grants receivable Other trading activities Room and function hire Investments Bank interest receivable Total incoming resources EXPENDITURE Other trading activities Shop costs SUPPORT COSTS Governance costs Governance costs Total resources expended Net Expenditure |
£ 2023 767 9,028 9,795 79,126 79,126 2 2 88,923 (411) (411) (138,336) (138,336) (138,747) (49,824) |
£ 2022 - 5,500 |
|---|---|---|
| 5,500 54,775 |
||
| 54,775 - |
||
| - | ||
| 60,275 (356) |
||
| (356) (156,388) |
||
| (156,388) | ||
| (156,744) | ||
| (96,469) |
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This page does not form part of the statutory financial statements