MO MINERS REPORT OF THE ENDED FOR ECEMBER 2024 The trustees presenl Ihelr report along vthh the flnandal slatements ol thè ¢harfty lor the year ended 31 December 2024. The financlal statements havè been prepared in accordance ¥th the accounting pollde6 set out In Note 110 the accounts whlch can be found on page 7 and cornpty with Ihe charltles tnjst deed. appllcable law and the Charfties SORP FRS 102. Con8tltuUon, ObJectlves and Actlvltles lor the Publlc Benefrt The charlty Is constlluled by Conveyances daled Odober 1925 and a Scheme dated 12 March 1997 and reglslered with the Chanty Commisslon on 10 June 1969 under the number 520905. Its objects are to provlde a recreation ground and soclal dub lor th8 purposes of exercise and recreatlon for the people that live In and around the Southwkk area. The trustees have referred lo the guldance glven ty the Charity Comrnission on publlc benefft %then revievlng the charivs alms and objectives and detsils of the activities that have taken place during the year can be found later in th15 report. Organlsatlonal Structure The trustees who have served the charity during the year are shovm on page 1. The charity is responsible for maintaining the premises and Its nIentS and grounds In a sultable stale of repalr for the use by those vlho INe in the surrounding area. Its principle source of income. apart from Investment income, comes from Its conneded tradlng company. Weamiouth Colliery Weware, which pays an annual occupattonal licence fee lo the charity in order to run its buslness from the charitvs premlses. In addillon to thls, the company also transfers any prDffts it makes to Ihe Gharity under a Gtft Aid agreement so the trustees work closety with the director5 to ty and ensure the company Is profitable, thus ensuring extra Income for the charity. Tnjstee vacancies are adverused and Intested parfies are asked to appty in wrfting. Intervlews VAN be held and suitable candidates are then nottfied to their nominating body being either CISWO. Trade Union or members. The Trustee Board is made up of equal numbers of eath nominatlng body. Flnanclal Revlew The charity showed nel expenditure of £17.105 for the year as opposed to £14.113]n the previous year. The connected trading company was unable to transfer proffts this year. Revlew of Actlvltles The trustees are pleased and proud to support the sporting sections at Ihe weffare. The crlckel dub as tt $tands has now dosed. A new crid(et section Is golng to be using the fa(ilities in the new cricket season. The trustees Uld like to thank everyone connected with the welfare for all thelr help over the past year Including the Secrelaryrrreasurer. Sports Officials, Committee Persons. the Directors of the trading company, the Club Ste*vdrdess and her stsff and all its members and guests who 5UPPOrt the charity and Its tradlng company (the SocAal Club) along with CISWO. Continued...
WEARMO MINERS ¥V FAR SCHE REPORT OF THE TRUSTEES CONTIN FOR THE YEAR ENDED 31 DECEMBER 2 Investment Pollcy The trustees have placed surplus Ilquld assets Into Interest be8rlng fixed bond ac(x)unts. Th18 mean8 that the funds are available If required bul are generating Income for the charity In the fom of Interest. Reserveg Policy It Is the policy of the trustees to maintsin unrestrlcled fijnds whlch are Ihe free resep4es ol the chaflty. al a level to provide sufficient funds to cover andcipaled adminlstration and 5UPPOrt costs for a perfod of 12 months. Any addltional reseNes are held to provlde a capital fund from repalrs Ihal wlll be requlred for the upke8p ol the premlses. Rlsk Management The tnJslees are aware of the operatkinal and flnanclal rlsks whlch the charity faces and regularly revl8WS those risks to mhigale agalnst any Impact they may have on the charity. The major rtsks fadng the charity are the contlnued success ol the sodal dub from vthlch it derlves Its rnaln fundlng. the support of Indfvlduals and the communlty in usln9 the facllities and the Introduction of the younger 9eneratlon lo pro¥lde for the future. The trustee5 Irk dosety wlth the dlrectors, commlttee and member8 to address theje rlsks. The trustees are carefully managlng the charitvs finances and are satisfied Ihat11 will be able to continue to meet Its obligations for the foreseeable future. ststement of Trustees, Re$ponslbllltles Law applicable to charitles In England and Wales requlred the trustees to Prepare finandal statem8nt$ for each financial year vthlch glve a true and fair vlew of the charity and of incorning resources and appllcauon ol resources of the charlty for that perlod. In preparlng those financlal statements. the trustees are required to: - select sultsble accountlng polldes and then appty them consistenty: - observe the methods and prlnciples In the Charitles SORP,. - make ludgements and estimates that are reasonable and prudenl - stale whether appllcable accounllng slandards have been followed subleci lo any matedal departur8s disdosed and explained in the financial ststements: - prepare the financaal statements on the golng concern basls unless M15 Inapproprlate to presume Ihat the charity 11 contlnue In operation. The tru81e8s are responslble for keeplng accounting records lch dlsctose wilh reasonable accuracy at any time the finandal posltlon of the charlty and enable them to ensure Ihal the financial slalements compty vlth the Charltles Act 2011. They are also responsible for safeguardlng the assets of the charlty and hence for t8klng reasonable steps lor the prevention and detecllon of fraud and other Irregularitles. ff. CHISHOL SkJned - Tru8tee Prlnt Name - Trustee Dat
WEARMOtrrH MINERS WELFARE SCHEME NOTES TO THE FINANC THE TEME DECEMB R20 ccou CIE a) Basls of proparallon and assessment of golng conc•rn The finanaal statements have be prepared under the historlcal cost convenllon unle88 alhervase stated in the rnlevant notes to these amnts. Tho finandal statements have been prepwed In accordance wlth the Statement of Reo)mmended Pracllce: Accountlng and Reportlng by Charltl (FRS102). the Flnandd Rep Standard (FRS102) and the Charltles Ad 2011. The trustees conder that thwo arn materfal uncatslnths about the ¢arfV8 athy to as a golng concern. The bustees have a reasonable expeckfjon that Ihe tharity has adequats re8erve8 to conllnue In operational exlstence for the f(Yeseeabte fiJre. Awdlngly Ihe trustee¥ lo adopt Ihe golng nCern basis In Ihe preparakn of the a¢unts. b) Incomo Rocognltlon Income Is recognlsed once the dHrlty has entillemant lo Iha Inu)me, It Is probable that the Income be recthed and ttHt the amount of Inrne receivable can be measured reilably. Donallon8 are recognised th they are recefved. cl Exp•ndlturn recognitlon Liabilibes are recognised a$ expenokn as soon as there Is a legal or o)nstsuclJve obllgallon commlW the chartty to that expendiiure. It is probable that settiement wlll be requlred and the amount of the obllgation can bo mea8wed reHably. All &Np8ndlture h acfJ)unied ftx on an ac¢¥uals basls. e) Dopreclatlon Prevl¢Ju8ly no deprodatlon w4• tharged on fued a•Mts as Ihe Truste08 )nSId0r0d that the rnarket value v? ol Ilxed aets to be con8lderabty greaier than the colt valu08 of th• asset8. The Trtea5 have been advlsed tryat thls Is rrt)t In atrdance Iha Statement of RecornmerKled Practice for Charllle3 whkh fequlrn that assels arn depredated over thelr 08timated useful live8. So from January 2022 ornvardg asiets have been depredated as fofim:. 0% 2% - straight line 10% - stralght llne - Land and bulldlngg . FlxbJrBS. fftlings ar equlF¥nent t) Valuo Addod Tax Value added tsx Is not rerA)verai4e by the (*wlty and a8 sh(S Induded In Ihe relevant In the ststement of Finandal AdJvrtig3. 20 2023 z suppo T AND PROJ Ground8mans waw (y) Insurance Rates Repatrs. rnalnten•n and W•ep Rant Dewedalkn 28,000 4,203 293 18.861 107 5,789 24,481 4,107 273 8.826 107 5.787 55.053 43.581
WEARMOUTH MINERS WELFARE SCHEME NOTES TO THE FINANCIAL sTATEmEPs FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 3. ADMINISTRATION EXPENSES A(wuntancy g65 918 965 918 Net boo value at 1 Jan 2024 Dep'n charye for year Not book value at 1 Dec 2024 4. TANGIBLE FIXED ASSETS Groundsmans House Land and bulldings res, fittings and equipment 18,228 115.847 26,993 18,228 113,433 23,618 155,279 (2,414) (3,375) (5,789 161,068 The crScket gmund is leased under a long lease {125 years) frorn the Coal Industy Soclal Welfare Organisatlon until 24 March 2122. INVESTMENTS Business Bonds - Adem(Ye - Hampshlre Trust . RedwvcKI Bank 93,066 49,348 66,968 89,188 47,149 64,267 200,602 209,382 6. DEBTORS Balance due from Weamiouth Coulery Welfare 25,628 18,264 7. CASH AT BANK AND IN Northem Rock Bullding Sodety Aldermore Easy Ac¢xs Uoyds TSB Current ACcnt 322 10,000 41,659 24,568 24,568 51,981
WEARMOUTH MINER WELFARE CH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 023 CREDtroRS: Amounts fallln due wlthln one ear Acuuals aThJ deferred In(%me 918 CONTI GEN UABI IES AND C OMMIT EN There *ere no o)ntlngent h'abllitles or caw'ial ¢ommiknents as at 31 December 21r24. (2023: Nil)
DEPEN ENT EXAIAINER. WEARMOiff H MIN TH WELFARE I repyt to TfIteel ry exarnlnatk of the auymls of the above named tarity (reglstw•J rn) 52CI>)51 for ts y&ir ended 31 Decemter 2024 vhch are set thrt on pages 5 to 9. Ibllltl•• AJ me (wty trjstees yr)u resFonsble lor tNry WepafaU ol the 8Ct¢yJnts In aLYnrdance V•ilh the of the Ch<th A(12011 (Ihe Ad) I reF4Xt In respect of my wmlnabon ol Truslw, xcounts carried out under section 145 of the 2011 Afl aThJ In carrylng Jt my examinauon I have fotbNed all the a0t48 direcb'ons given ty the Charity CcrfnmiwM ur¥Jer 145(5llb) of the 2011 kL ml •rf• Sts I have completed my examin3ts.. I confirm that Tr) material matters have com8 to my attentlon In vAth the oxwninabm gmry m8 cause to believe that in arry materlal respert {11 0ntIrj re(xyds wère not kept In resped of Charity as fequlred ty sectlon 130 of th8 ACL or (2) •ciwit• IS) Xcofd tIM)se recfflli.. or (3) the actots do not c(xnply 4th the appllcable accA)Unng requlrements concmlng the form and C4)ntonl ol 8ccotsnts •et OLrt In the Charitles (Ac£ounts aTrJ Reports) Reovlavons 21)J8 other than •ny requlrement that thé accoJnts gl¥e a Irue and far view, which Is not a matter consldered as part of an indepermlent 8xamlnaUon. I hv4e no conc•mi and have corne 8cms• no thr m8tt8rn In conrnctlon wlth the examlnatlon to ¥hlth •llenUon I)Uld be drawn In th1• feF*yI In order lo enable a propw understandlng of the account8 lo be r•achod. J Wallago FCA On behtslf ol C18WO ITradlng) Lld TM Old R•Ltr R•dory Drtvo WN•lon Rolhorh•m BtAI 4JO Date