11 LYNEMOUTH MINERS WELFARE INsTIE ANNUAL REPORT AND ACCOUNTS Year ended 28 Febnwy 2021
LYNEMOUTH MINERS WELFARE INSTITUTE
Year ended 28 February 2021
Charity number 522087 Company number 2688255 Address Bridge Road Lynemouth Morpeth Northumberland
Trustees and management
C Bennett Trustee S Williamson Trustee B Grisdale Trustee A Turnbull Chair S Kennedy R Swinburn
Secretary D Johnson
Accountants McCready Page 511 Durham Road Low Fell Gateshead Tyne & Wear NE9 5EY
Bankers TSB Newgate Street Morpeth Northumberland
LYNEMOUTH MINERS WELFARE INSTITUTE
1
REPORT OF THE MANAGEMENT COMMITTEE
Year ended 28 February 2021
The management committee present their report and the accounts for both the charity and the company for the year ended 28 February 2021.
The following served on the management committee during the year
C Bennett S Kennedy S Williamson B Grisdale R Swinburne A Turnbull
The year has been a difficult year for everyone not just the Institute. We have been helped with grants from the government. Rents from tenants have helped pay the ongoing overheads.
Applications were successful for grants which have allowed us to improve facilities with the creation of a Dance Studio and areas to help provide comfort and support for vulnerable people in the community.
With the reopening of facilities we have seen a slow return of the groups who use the facilities. We are hoping to increase the activities as time moves on.
We thank once again all the staff for their help in the year and you the members for your continued support.
C Bennett - Trustee
** October 2021
LYNEMOUTH MINERS WELFARE INSTITUTE COMPANY ACCOUNTS INCOME AND EXPENSES
Year ended 28 February 2021
| ended 28 February 2021 | ||||
|---|---|---|---|---|
| BAR Bar sales Purchases Gross profit Other income Covid-19 grants Fruit/Lotto machine Pool table Juke box Snooker table Bingo and domino cards Key club Subscriptions Overheads Wages and NIC Pension Stocktaker Rent and water Repairs Heat and light Cleaning Postage and telephone Printing Sundry Accountancy Legal Bank charges Entertainment PRS and licences Machine hire Licence fee to charity Money to charity Deficit for year |
£ 43,312 6,294 178 37 151 444 - 242 |
2021 £ 39,933 22,992 |
£ - 13,764 1,247 197 511 3,457 3,046 721 |
2020 £ 160,014 80,500 |
| 16,941 50,658 |
79,514 22,943 |
|||
| 63,481 368 300 1,083 3,224 7,973 1,598 49 608 1,704 2,156 1,037 354 - 157 3,952 - - |
57,771 - 550 2,735 2,629 14,617 3,056 1,629 3,654 3,250 2,100 - 599 1,985 971 3,918 2,993 - |
|||
| 67,599 88,044 |
102,457 102,457 |
|||
| (20,445) | - |
LYNEMOUTH MINERS WELFARE INSTITUTE
3
COMPANY ACCOUNTS
BALANCE SHEET
Year ended 28 February 2021
| Current assets Stock Prepayments VAT Cash in bank and in hand Creditors-due in one year Trade creditors VAT PAYE and NIC Due to charity Accrued expenses Net liabilities Profit and loss account |
£ - - - 29,695 1,055 |
2021 £ - 875 393 9,037 |
£ 1,537 3,570 332 25,726 1,103 |
2020 £ 5,750 - - 26,518 |
|---|---|---|---|---|
| 10,305 30,750 |
32,268 32,268 |
|||
| (20,445) | - | |||
| (20,445) | - |
LYNEMOUTH MINERS WELFARE INSTITUTE 4 CHARITY ACCOUNTS INCOME AND EXPENSES Year ended 28 February 2021
| Incoming resources Income from company Rent from company Interest received Gain on investment Room hire and donations received National Lottery Covid-19 grant Total charity income Resources expended Insurance Donations Children’s activities Club activities Repairs National Lottery expenditure Accountancy Total expenses Net surplus Balance at 1 March 2020 Balance at 28 February 2021 |
2021 2020 £ £ - - - 2,993 159 373 3,124 - 6,749 7,891 30,912 43,101 25,000 - |
|---|---|
| 65,944 54,358 |
|
| 2,553 2,902 - 50 536 363 - 2,026 - 61,950 35,182 - 500 500 |
|
| 38,771 67,791 |
|
| 27,173 (13,433) 135,791 149,224 |
|
| 162,964 135,791 |
5
LYNEMOUTH MINERS WELFARE INSTITUTE CHARITY ACCOUNTS
Year ended 28 February 2021
| BALANCE SHEET Note Current assets Prudential Bond Due from company Grant receivable Prepaid insurance Cash at bank and in hand (2) Creditors – in one year (3) Total net assets Funds |
2021 £ 88,843 29,695 13,998 1,980 34,893 169,409 6,445 162,964 162,964 |
2020 £ 85,719 25,726 - 1,893 28,392 |
|---|---|---|
| 141,730 5,939 |
||
| 135,791 | ||
| 135,791 |
LYNEMOUTH MINERS WELFARE INSTITUTE
6
NOTES TO THE ACCOUNTS
Year ended 28 February 2021
1 Accounting Policies
Accounting convention
The accounts have been prepared under the historical cost convention.
Charity accounts
The accounts of the charity have been prepared on an accruals basis.
2 Cash at bank and in hand
| Cash at bank and in hand | |
|---|---|
| Leek Club Charity’s funds |
£ 6,445 28,448 |
| 34,893 |
3 Charity’s creditors
| Charity’s creditors | 34,893 |
|---|---|
| £ | |
| Leek Club | 6,445 |